HomeMy WebLinkAbout0757 IV•.trGrV ! a7
THIS INDENTURE, Made the 1'~th da ot _November - A.D. 19~~ between
Kenneth N
c e~ Brewer and Karen M. Brewer, his wife ~
of __S~._ L_~r~i a , Cp~nty fiwid~, hereinafier ~gnafed as'The-'=MORTG9
GOR;' and FIRST fEDERAI SAVINGS AtW lOAN
AS$pCfATfON OF fORT PIfRCE, • torporation organized and exijling undcy the laws of the United Statos of America ~nd having its principal place of
busi~eu in tFk City of Fwt Pierce, St. lutie County, fbrida, hereinaiter designated ai ~hs "MORTGAGEE:'
WHEREAS the MORTGAGOR is jut!ly indebted to the MORTGAGEE in ths sum of S l~ fi~Q~~ . good and lawiul money of the Un:fed
S~ates advanced by the MORiGAGfE unto tha MORiGAGOR, as evidenced by a tertain promissay note of even date herewith, of wh~ch the iollowing in
word~ and figurcf is a t~ue topy, towit:
s_ ~4, 800. 00 N, 10019052
Pwt Pieres, Florida, ~ov~ember 13 i9 72
fw value rece~ved, 1, we or euher of us, prom~}~ o,p~ybwi~hQut defalcaiion, to the order of FIRST fEDERAt SAVINGS AND LOAtV ASSOCIATION OF
FORT PIERCE at Fort Pierce, F:orida, the sum of S 1 ) tSU UV M;;th inrerest from date at rhe rate of _~r?~6 per annum, in monthly install-
~~~ents as foi!ows: S 122, ~0_ on the lOth day of January ~q__73 and a like sum on the corres ~ da of each month there-
Po^~~^9 Y
after ~ntil the whote be !ully paid.
Each installment (irst shell be applied in payment of the interest and then o~ the unpa~d balance of the print~pal sum. If default is made in the
t ayment of any instaltment when due, and such defautt cominues 30 days, then ef the optiw~ of the holder, and w~thout any other nolice, al? the remaining _
:~,srallmer.ts shall be due and payable at once. P~ivilega is give~ to prepay this note in whole or in part at any t~me without penalty. Neifher forebearance,
ror acceptance by !he holder thereof after a~y default in any payments hereon, shall be deemed extension. A late payment tharge of S-6 • j~ , shall be
addzd ~o each instaliment remaining unpaid 7 days after its due date, and a tike sum shali be added ro each such insrallment remaining unpaid 7 days aiter
each succeeding payment date.
Each maker, su~ety ard endorser hereof, jointly and severally, waives demand, p~eseniment protest and notice of p~otest for nonpayment, and further
agrees to any extension of time of payment, eirher before w after maturity, without notrte to any of us; and to pay all cos?s of coHecrion, entlud~r~ a
r:•.,sonable artorney's fee in the eve~t of any default hereunder, and hereby severally waives all benefit of homestead and exemptio~ under 1Fx constitution
.,nd laws of each State of the United Srates, as against this obligation p any extension or renewal hereof.
Witness the hand and seal of each party.
sf K,rnnwth Mie~hgQ l Rtprrar (SEAI)
{SEAL)
(SEAI)
s aren . rewer ~u
t S 22.20 ) Srate Revenue
tsoaw~p. a~rwcelie~ en erigiwa~~,ole}-
fVOiAI, THEREfORf, rhe MGRTGAGOR to? fhe purpox of securing payment of said sum of ; 14i800.00 , and the perfo?mence of the
covenanb and agrecment~ hereinafter expressed, and fw divers good and valu~ble considerations, by these presents, dces gront, bargain, sell, remise,
release, convey and confirm unto the MORiGAGEE, its successors and au+gns, all that c~rrain lot, piece or parce! of land, situate, lying, and being in the
Counry of S~ . Li1Cle and Sute of Fbrida, desci~bed as follows:
From the Southwest corner of Section S, Township 35 South, Range 39 East, s~un
East 645.53 feet along the Section Line; "thence on a back angle of 89°45' as
measured from West to North run North 130 feet to the point of Begianing; thence .
continue North 290 feet; Lhence on a back angle of 89° 45' as measured from South
to East r.un East 120 feet; thence on a back an91e of 90° 15' as measured from
1~est to Seutq run South 290 feet; th¢nce run West 120 feet to the point of
beginning.
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~(~rym ~ IN PAYMENf Of T11X~
~ Q~1 ClASS 'C INTMlGlBLE PERSONAL P?OpERTY~
pURSU1INT TO CHAPTER 71-134. ACTS OF 19I1.~ ~
ROGER POITRII: ~
CLE(tl( CIRCUti COURT, St. LUCiE CO FUl
fogether with ali and singular the tenemems, hereditaments and sppvrtances thereunto belonging ot in anywise sppertaining thereto, and all rents, issues,
proceeds and profits aca~ing and to accrue from aaid prem~ses, aH of which are included in the above and fwegoing deuription and habendum.
TO HAVE AND TO HOLD the above dewibed and g?anted prem;ses unto the said MORTGAGEE, its stxcessws and auigns forever. And ths said
.~!ORTGAGOR tor -Lh@ 1 r heirs, executors, administratas and assigns, hereby covenants with fhe said MORTGAGEE, its sutcessors and assipro,
that -~~ia~-3~~--- lawfully se~zed of the said premises in iee simple; thst the ssme are free, ckar and dixharged from s11 liens snd encum~
brances in law w i~ equity, and that the}/ will artd their heirs shall wurant t~d defend the title to the same fo the ssid
MORTGAGEE, its succeswrs and assigns, forever against the lawful claims and dtmands of atl perwns;
PROVIDED, AtWAYS thal if the MORTGAGOR shall pay ~nto the MORiGAGEE the promissory note lxreinbefpe dewibed snd shall truly, promptly
ar.d fully perform, d~uharge, execute, complete, comply with and abide by each and every the stipulatwns, agreements, conditia?s and covenanri of said
prom~ssory note and of this Mwtgaye, then this Mortgage and the Esrate hereby ueated shall cease and be nult and void.
IT IS UNDERSTOOp tF~a~ the word "Mortgsgor" whether in the s~ngular w ptural anywhcre in this Mortgage, she11 be singular if one only ~nd
ehall be plura! jointly and severally if more 1Mn one, and that the wo~d "their' ss used snywhere in this Mortgsge shall be taken to mean "his;' "hen,"
or "iri;' wherever the context so implies o~ admiu. Also, that wherever there is a reference in the tovenanb ind agreements herein contained to any of
~he parties hereto, fhe same shalt be consrrued ro mean as wel! as the heirs, legal ~eprescntatires, successors and assigns (either voluntary by sct of the
parties o~ involuntary by operatio~ of the law) of the sa~ne and that the covenanta herein to~tained shall bind and the be~efits and adva~tages inurt
ro the rspective heirs, legal representatives, successors a~d ass~gni of the psrties hereto. -
And said Mortgagors, fo? themutves and their heirs, tegal representatives, svccessors and auigns, hereby jointly and xverally covensnt and agree
co and wilh the w:d MORTGAGEE, its successon and assigns:
1. To pay all and singular thc principal and interest and the variovs and wndry sums of money payable by virtue of said promissory note, snd this
mortgage, esch and every, prompfly on the dsys respectivety tf+e same severalty become due.
2. To pay ~(1 and sing~l+r the taxss, sssessmenri, levies, tiabilir~es, oWigatioru and encumbrances of every natwe and kind now on said detcribed
property, w thst heresiter may be imposed, suffered, placed, levied, or auessed tF?ereon, a that hereafter may be levied or assessed upon this Mort~-
age, a the indebtcdneu secured hereby, each and every, whe~ d~e ~nd psysble, xcor~ng to law, before they become delinquent, snd before ~ny i~terest
arraches or any penalty is incurred; AND INSOFAR AS ANY TMEREOF IS OF RKORD TNE SAME SHALL BE PROMPTLY SATISFIEO AND DISGHARGED OF
RECORD AND THE ORIGIt3Al OFfIC1Al ~OCUMENT (SUCH A5, fOR INSTANCE. THE TAX RECEIPT OR THE SATISfACT10N pAPER OFFICIAIIY ENDORSED
O~ CERTIFIED) SHALL BE PLACEO IN THE HANDS Of SAID MORTGAGEE W11HlV iFM DAYS NFX1 AF7ER PAYME~JT; and in the event that any thereof is not
paid, sat~sfied and discha?gcd sa:d MORTGAGEE may at any time pay the same w any part thereof wiilw~t wai~ing or affecting any option, lien, equity or
~~qht"unde? or by v~rtue of this mortgage and the (utl amount of each and every such psyment sha~f be immediatety d~e and psyabte snd shall bear inferes~
~~om rhe date thereof un~il pa~d a: rate of nine per centum per annum and to~lt r interest s~j ~secured b the lien of th:s morgta9e.
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