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Home My WebLink About0181 ,~.•:ioti r ~ TMIS INDENTURE. AA~d~ the 3[1th day o( ~"tahBr , A.D. 1972 between l.ouis C. Madison and Blaine 1.. Madisonr, Ais wit~1 ~ ~ of St• ~.~,C1@ , ~a,nty Flaida, herei~aftH deagnaeed ~s the "MORTGAGOR," snd FIRST FEDERA~ SAVINGS AND IOAN ASSOCIATION O' FORT PIERCE, s corpwation wy~nized and exis~ing undar the laws of ths Un~ted S1ato• of America ~nd Mvinp in principal plac~ of buiiness i~ tM Giry of Fwt Pieres, St. Lucie County, Flwidi, hers;naft~r destgnated as tFro "MORiGAGEE:' WHEREAS 1hs MORTGAGOR is jvst~y indebted to ths MORTGAGEE in the sum of Z 19, 300.~ ry 9~ ~awiul money of the Un~ted Sraees advanced by the MORTGAGEE unto tha MORTGAGOR, as evidenced by a cena~n promisswy note of even date herew~tF+, of wh~ch the followiny in words and figures is a trw copy, to-w~r. s 19 ~300 .00 ~ 10019000 For1 Pierce, flw~da~ZOb@Y ~ 19 72 for va~ue received, 1, wa or either of us, promise 1o pay, without defatcation, to the order of FIRST FEDERA~ SAVINGS AND tOAN ASSOCIA?IQN OF FORT PIERCE at Fwt Pierce, Fbrids, fhe sum of = y~ 1~9 ~ 3~ w;th interest from date at the rate of 7• S°~. per annum, in monthly install- :r,rms as follows: j 143•~ on the i~t•tlay of ~eetiber ~9 72 and a like sum on the cw~espondinp day of each month thtra- aiter until the whote be fu!!y paid. Each 7nslallment first shall be applied in payment of the interest and !hen o~ the unpaid balance of Ihe princ~pal sum. (f d avlt is msde In the ~a;ment of any installment when due, arxl such defavlt continuea 30 days, then at the option of the holde~, and without any othet notite, alI the ?emaining ~~u~a(Iments shatl be due and payabfe at once. Privitege is given to prepay this note in whole or in part at any time without penalry. Neither forebear~nce, r.or accepqnce by the holder Ihereof after any defauh in any paymeMS hereon, shall be deemed extension. A late payment charge of S 7_ ' ,is sh~l) be ~ddzd ~o each installment remaining unpa~d 7 days aiter its due date, and a tike sum shall be added ?o each such installment remaining unp~id 7 days ~fter each sutceeding payment date. Each make~, surety and e~use~ hereof, joi~Ny and ~eve?ally, waives demand, Qresent~nent proteat and notice of protest fo.• r+onpayment, and further a9r~es to any exteniw~ of time of payment, either be(ore or after maturity, without not~ce to any of us; and to pay all costs of collection, incfud;ng s rr~sonable attwney's f~ in the event of any dafault hereu~der, and hereby severaqy waives all benefit of homesread and exemption under the conslitWion 3ro laws ol each State of the United States, as aga~nst this obligation w any extens~on or renewal he~eof. Witness the hand and seal of each party. s I.ouis C. Madison ~u ~ee~.t ~ij B i . i n A ~~I6, (~Ce" i $ 28.95 ) State Reven~e • ~ : (smm~a-.~dts~a+:.at~ NOW, THEREFORE, the MORTGAGOR for the purpox of securing payment of said sum of S 19 ~ 3~' ~ and the performance of ths covenants and agreemen~s hereinafter eap~essed, and fa divers goai and v~lvable consideratiens, by these presents, does gr~nt, bargain, scll, remiu, ' rrlease, convey and confirm unto the MORTGAGEE, its successors e~d auigns, ail thst certain lot, piece w parcel of land, situate, I~~ng, and being in ths County of - $ t. Luc ie , and State of Florida, dexribed as follows: ' Lot 5, Block 395, PORT ST. I.UCIB, SBCTION 6, as per plat thereof on file in PZat Book 12, Page 3~,of the Public Records of St. Lucie_Couniy, Florida, ~ ~oA a~ F~''~ Mp t t~~`- 1 . ~ EEi 9 5 ~ P pO~V f gE~~N~ - ~ ~ c~ oEpt.t)~ s.~ , ' o a ~ ~ 1~' ••~.~''r s~ r, 4t~ wo d ~~t?o2 G 111 PAYAIIENT OF T o~ CtASS 'C INTAHGIBLE PERSUMAL P&QFERry • ~~lW'(T TO CFiAPiER I1-134, liCig OF lyll. ~ ROSER POITRAS ~jjl~ ClFA?c CIRCUIT ca.}rT, sr. ~uCiE Cp, FU, ragether with al! and singula? ?he tenements, .hereditaments and appurtantes thereunto belongirg or in snywise ~ppertaining there% and sll ronb, iuws, proceeda snd profin acuuing snd to scuue from said prem'ues, all of which sre irxluded in the abovs ~nd fwegang description ~nd lubentlum. TO HAVE ANDtQ 1~Q10 the above dewibed snd granted p?emiset unto the said MORTGAGEE, its successws ~nd a~sig~ forever. Md tM atd t~ea x h10RTGAGOR fw heirs, executws, administraton and sssi9ns, hereby covenants with the said MORTGAGfE, iti successois ~nd assipra, ~ they are rhat - ~awfutly ui~ed of the said premises i~ fee simple; that the aame ars free, clear and discharged irom sll liens ~nd encuem brances in tsw w in equity, and thar hey will and theiz hein shall wsrrant and defend the title to the sarn~ to the ~aid MORTGAGEE, its successws and auigns, fwever against the lawful tlaims and demsnds of sll persw~s; ~ PROVIDED, AlWAYS that if the MORTGAGOR sF?~II p~y uMO the MORTGAGEE fhe promiswry ~ofe hereinbefwe dewibed and shall truly, promptly and fully perfo~m, d~scharge, execute, complete, compty with and ab+de by each ar+d every the atipuiations, agreemenis, cond~~~or?s s~d covena~n of ad promissory note s~d of this Mortgage, then this Mortgage and the Estate hereby ueated shall cesse and be null and void_ IT IS UNDERSTOOD th~t the word "Mortgagor" whether in the singular or plura) snywhere in this Mwtgsye, shall be sir?pu4r if one only u~d shall be plural joimly and sevcrally if mwe thsn one, and that the wwd "their" as uied anywhere in this Mortgage ihail be taken to mean "hh;' "hen," or "irs;' whcrever the context w imp!ies or admits. Also, that wherever there is • reterence in tF~e covenants aod agreemenri herei~ contaieed to any of fhe psrties Ixrero, t!x ume shall be construed to mean as well as the heirs, legsl representatives, wccesson and assigiu (eittxr volvntary by ~ct of ihe parties or involuntary b~ operatio~ of the !aw) ot the same and tbat the toven~nri herein cootained shall bind ~nd the benefits snd advaMayes irwr~ ro the respective heirs, legal representatives, wccessas and sss'gns of fhe psrties hereto. And said Mwtgsgors, fw themselves and their heirs, legal represematives, successort and auigrti, hereby jointly and severally coven~nt snd ~gree to and with the ssid NWRTGAGfE, its successors and assigns: T. To pay all and singvlar the p~incipa! and inte?rst and tbe wrious snd iundry sums of money payable by virtue of said prom;ssory note, a~d this mortgage, e~ch ~nd every, prompNy on the dayi respectively the same severally become due. 2. To pay sll ~r?d singvlar the taxes, ~ssessments, levies, liabilities, obligations ~nd encumbrantes of every nstwe snd kind now o~ ssid desaibed ~ Property, w that hereafter r?Wy be imposed, s~ffered, pleced, levied, or aaxssed ti~e~eon, or lhat he~e~tter msy be levied or atsefsed upon this Al~orf~- a9e, o? ths indeb~edness secured hereby, each and every, wF~en due and paysble, according to law, before they becane delinquent, and before ~ny intaat artaches a any penslty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKdRO THE SAME SHAIt BE PROMPTLY SATISftED AlVD DISCHARGED OF RECORD AND THE ORIGINAL OFFI~IAt DOCUMENT (SUCM AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PA?ER OFFICIALLY ENDpRSED OR CERTIFIED) SHAII BE PIACED tN THE HANDS OF SAIp !NORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd i~ tFx eveM that any thereof is not pa~d, sat"sfied and discharged sa:d MORiGAGEE may a~ any time pay the same w any pan thereof without waiving w affectirg any option, lien, eqvity or •~qhf under or by virtue of this mortgage and the full amount of each snd every such payment shall be immediately due and psyable +nd ihall be+~ interest ~.om the date thereof until paid at rate of n~ne per ceMum per annum and together w~th such infer~st ~aJ~b~ secured by_th~ ~n of th:s mor9tape. i;;Ck UC7~ F~i,E ~Q ; ~ ~ ~ _ ~ r~ ~ ~ ' ~ ~f,~ ~ r . . ~~J' 3-:~`~