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Home My WebLink About0177 THIS INDENTURE. Made the 'Zb day of October ~ . A.D. 19~~a.,, between _ Robert 6. Mitchell and Nancy M. Mitcbell, his wif~ of uC e County florida, hereina(te? desgnated ss the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION Of FORT PIERCE, a corpo~ation wganizcd a~d existing unde~ the lawt of the Un+tad S~a~ts of America and having its principsl plact of bus;ness in ths Ciy of Fort Pierce, St, lucis County, Florida, hereinafter aksignated as ths "MORTGAGEE:' WHEREAS the MORTGAGOR is justiy indebted to the MORTCaAGEE in the sum of 1~ .QQ , good and lawful money o( the Un~ted Sfates advanced by the MORTGAGEE unro ~he MORTGAGOR, as evidrnced by s certain promissory ~ote of eve~ date herewith, of which tfie iollowi~ in Hord~ and f;gv~es is s trve copy, towit: ~25,100.00 ~_10018983 Forf Pierce, Flwids, ~tober 26 19 72 For value rece:ved, 1, we o~ either of us, promise to pay, without defalca~ion, to the order of FIRST FEOERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE at fat Pierce, Florida, the sum of =25~Z~•O0 w;?h interes~ from date at the ~ate of 7•~ per annum, in rnonlhly lnta~l- ~~,ents as iotiows: S 186'~ on the lSt day of Februairy ~q 73 _ and a like sum on the cwrespond~rg dsy of each month the~e- afier until the whole be fuUy paid. Each in:tallment first shall be appl~ed in payment oi the interest and ~hen on the unpaid balance of the piinupal sum. If d autt is madQ in 1M F a;mem of any instal{ment when due, and such defauh continues 30 days, then at the option o( the holder, and without any otF.er not;ce, aIl the rem~ining ~.~staUment: shafl be due ar.d payable at onte. Privilege is given to prepay this note in whole ot in pan at any time without penaify. Neitne~ forebearante, nor acceptance by the ho!der thereof after any default in any payments hereon, shall be iJeemed extension. A late paymem charge of 5-~-~~-. shall be ad~ed to each instaflment remaining unpa~d 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 days afte~ each svcceeding payment date. Each maker, sure?y and endorse? hereof, jointly a~d severally, waives demand, presentment protest and notice of protest fw ~onpayment, and further agrees 1o any ezter.s~on of time of payment, eithe: before w after rnaturity, without not~ce to any of us; and to pay ali costs of collectio~, includ~ng a r~~~sonable attorney's fee in the event of any default hereu~der, and hereby severally waives all btneiit of homestead and exemption under the constitutron a~~d laws of each S~ate of ~he United Stetes, as against this obl~gation w any extenswn or renewal hereof. ? Wi~ness the hand and seal of each party. - _ s/ RoUert S. M;tch 11 ~,u ~ ti (SEAU (SEALI p $ 37.65 s/ Nancy M. Mitchell } ( ~ State Revenue (~dSl~tZp~CZ~af1:{g~~D~~a~ . NOW, THEREFORE, the MORTGAGOR for the purpose of secur;ng payment of sa+d sum of S 25• l~ .~nd the performance of the - covenants and agreementa herei~after eapressed, and fw divers good and valuable considerations, by these presents, does grant, barqsin, sell, remiu, release, convey and confirm unto tha MORTGAGEE, its tuccessors and assigns, all that certain iot, piece or parcel of land, situate, tying, and beiny in ths County of S t. LuC 1@ and State of Fbrida, de~cribed ~s follows: . i } Lots 9 and 10, Block 71, I.AICBWOOD PARK SLBDIVISION, uIIT NO. 7, as per plat ~ thereof on file in Plat Book 11, Page 13, of the public rec+~zds of Saint ' Lucie County, Flarida ` ; i ~ # i ~ A oF F~--~ r~npp - S_---~ l s~Q ~Nto?~,~°' 3 ~ g 5 ~ ° ~C)C~EYE.~?~ ` r Q y N oEPt : ~~.9'li ' ~ i ~ ~ y~ sn tJ ~ p~. ~ ~ N102 . , ~ C~ - ~ ~1E ON CIASS ~C' IIITMlGIdIE PER9D~~'iA~ M~Q~R, ~NNT TO p~Fo 71•134. ACTS OF t97L R06ER PORRAS ~ / C1EAK CIRqIR n WCiE W, F111 fogethrr with all snd singular ~F~e tenements, hereditaments and appurtances thereuMO beionging w in ~nywise appertaininy ihereto, ~nd all renri, iuues, " proceeds and prof~ts accruing ar+d to accrue from said premises, all of which are includcd in the above and foregoinp description and hsbendum. I TO HAVE AND TO HOID the above desuibed and gra~ted premises unro the said MORTGAGEf, iti svccessors snd assipm forever. And tiw ~aid I MORiGAGOR fw ~L-- heirs, executors, adminisrrators and assigrts, hereby covenants with the s~id MORTGAGEE, its wtcesfws ~nd asf{pro, ~hat -they are _~aWt„~iy x7zed of the said prem;us in fee iimple; that the tame are free, clear snd dixhsrged from all lienf ~nd sncvm~ brances i~ law or in equity, and that t~ V w~~~ a~ thpi r heirs shall wsnant and defend the tifk ro the same to tM said !~~ORTGAGEE, its successors and auigns, forever against the lawful claims and demands of all perwro; PROVIDED, ALWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE tF~e promiuory rate hcreinbefwe described and shall Mvly, promptly and /ully periorm, discharge, execute, complete, comply with and abide by each and every the itipulations, agreemenfs, conditions and covensnb of wid prom:aswy note and of this IAortgage, then this Mortgage and the Eatate hereby created shall ceax and be null ind void. IT IS UNDERSTOOp that the word "Mortgsgor" whether in the si~guiar or pl~ral anywhere in thii 1Kortga9e, shalt be sinyular ii on~ only and shall be plural jointty ant! severslty if more fha~ o~e, and that the word "t)u'u" as used snywhere in t{~is Mortgaye sh~ll be tsken to mean "his," "hers;' or "its;' wherever the co~text so implies or admin. Also, that wherever there is s reference in the covensnts and agreemenb herein contained to a~ry of rhe parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, successon and atsigra (either vol~ntary by att of tFa parties or involunfsry by operation of the law) of tF~e same and that the covenants herein contained sFxll bind and the benefits and +dvant~yq inur~ ` ro the respective heirs, legal representatives, succeuors and sss'gns of tFx pa~ties hereto. And said Mortqsgors, fw themselves and their hein, legal representatives, successws and auiyns, hereby jointty and severaHy covenant arid syr~e - ro and with the said MORiGAGEE, its successors and auigns: 1. To pay all and singular the principal snd interest and the variws and sundry iums of money pay~ble by virtve of said promissory note, ~nd fhis mortgage, e~ch ~nd every, promptly on the days respectively the same teverally become due. 2. To p~y ~II and singvlar the taxes, assessmenb, levies, liabilit;e~, obligations ~nd entumlxances of every natura and kind now on said desuibed property, pr th~t hereafre~ may be impoud, wtfered, pl~ted, levied, w sssessed thereon, w that hereafter may be levied or usessed upo~ thh Mort¢ ~ age, w the indebtedneu secu~ed hereby, esch and every, when due and payable, according to Iaw, before tF?ey become delinquent, and befw~ any int~res~ a+reches w any penalty is incurred; AND INSOfAR AS ANY THfREOF IS OF RKORD TNE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGE~ OF RECORD AND TNE ORIGINAt OFfICIAI DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RE~EIP? OR THE SATISFA~TION PAPER OFfIC1AllY ENDORSED 'j OR CERTIFIED) SHAtI BE PLACEU IN THE HANDS OF SAIp MORTGAGEE WITHIN TEN OAYS NfXi AFiER PAYMENi; snd in the evenr thaf any thereof it rat ; paid, sar'sfitd and discharged sa:d MORTGAGEE may at any time pay the same q•ny part thereof without waivi~g w affecfing ~ny option, lien, eq~ity p , ~~qht under or by virtue af this mortgage and tF~e full amount of each and every such payment shall be immediatefy due and psyabk ~nd ihall besr intere~t - ~rom the dare thereof until paid at rate of nine per centum per annum ~nd together w~rh ~uch interest shall be secured by the lien of th's moryt~ye. , tY ~~1~ ~"'M • iJ 1'1~~. i ~ ~ ~ ~r ~ y r'~ Y~~~~~` ~ ~ ~ E ~ ~ ~v ~