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HomeMy WebLinkAbout1195 ~~~~sy iHIS INDfNTURE, Made tAe_~~~. day of 1~r,1~tC TheL , A.D. 197z „ between Fred R. N'iggins, Jr. and Gla~c~vs ? Wigains,., hic wifp ~ of $,t 1~~G lE Cov~ry Florida, hereinafter deig~ated as' the "MORTGAGOR;' and FIRST FEOERAL SAVINGS AND IQAN ASSOCIATION OF FORT PIERCE, a co~pwation w9~~ized and existing under 1he lawi of ths United Statas of Ame~it~ and having itt principal place of busineu in ths City of Fo~f Pierce, St. lucie County, Flaida, hereinafter designated as tM "MORTGAGEE:' WNEREAS the MORTGAGOR is juitly indebted to Ihs MORTGAGEE in the sum of a 21 ~OO~~,QjL_, 9~ and Iswfut money of the Un~ted States advanced by the MORTGAGEE ~nto the MORTGAGOR, as evidenced by a certain p~omiuory note oi even date herewith, of wh:ch the following in words and figures is a true topy, towit: 10019075 s_~,.89e,-99---- ~ Fort Pierce, Flaida, ~vember 2~ ~q 72 f« value received, 1, we or e~ther of ~s, promise to pay, without defalcai~on, to fhe order of FIRST fEOERAI SAVINGS AIVD tOAN ASStX1AIlOY OF FORT PIERCE at Fat Pie~ca, Florida, the aum of S 21-~--00~• ~ with interest (rom date at the rate of 7~7~9'o pei annum, in nwnthly install- ~^an~s as fol!ows: S 173 on the -~Q~~fay of Januarv T9 and a like sum on the cwrespond~ng day of aach month the?e- afrzr until the whole Fx fully paid. Eath instn~lmenf firs? shall be applied in payment of the interest a~d then on the unpaid balance of the princ~pal sum. If defauli is made in the payment of any inata~lme~t when due, and such default continues 30 days, then at the optio~ of the hoider, and without any other notice, a!1 the remaini~ig ;r~sraNmen~s shal! be due and payable at once. Pr~vilege is given to prcpay this note in whole or in part at any t~me without penalty. Neither forebearance, nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment charge of 5--~.-~shall be added to each installment ren,aining unpaid 7 days after its due date, and a like sum shall be added to each such installment remaining unpa;d 7 days after each succeeding payme~r dare. " ` Each maker, su~rty a~d endorser fie~eof, jointly and severally, waives demand, present~nent protest and no~ice of protesl fw nonpayment, a~d funher ag~ees to any extension of time of payment, either before or afte? maturity, witho~t ~otice to any of us; and to pay aH costs of co?~ection, includ~ng a reasonable attorney's fee ~n the event ot any default hereunde~, and F~ereby severa~ly waives all benefit of homestead and exemplion under the constitution ' a~~d laws of each $tate of Ihe United States, as against this obli9ation w any eatension or renewal hereof. ~ Witness the hand and seal of each party. ~ c/ Frad R Wi 99' *'s~ Jt (SEAq i (SEAI) (SEAI) ~J ~i~~ys T ~a;g~:ns, ts~?U ~ 31 .50 t S~ate Revenue i5~wi'a-o~ns~tl~d-sn-w'y'~waF we~~ NO'~fV, THEREfORE, the MORTGAGOR fw the purpose of securing payment of said sum of S 21 ~ ~ and the performsnce of ths covenaots and agreements hereinafter expressed, and for divers good and valuable cons~derations, by these presents, dces grant, bargain, ull, remise, release, convey and confirm unto the MORTGAGEE, its i~?cceswrs and assigns, all ti?at certain lot, pieoe or puce) of land, tituate, lying, end beirg in the ~ County of SL . Lucie and Sate of flo?ida, dewibed ai follows: r Begin at the Southeast corner of said SW4 of SW'-~ of Section 30, Township 34 South, ~ange 40 East, thence run West along the South line of said SW'q of SW'-.~ 333 feet to a point, thence run No=th to a stake on the north line of the said SW14 of SWy; uhich stake is 331.2 feet {elest of the Northeast corner of said SW'-4 of SW4; thence run ~ast along the North line of said SW~ of SW';, 331.2 feet to the Northeast corner of 5aid SW'-4 of SW4; thence run South along Gast line of SW4 of SW4, 1330 feet to the ~ ~oint of begir?ning,y ~ - L?~Rp~ ~ ; . o~ ~ •Sta~'01 ~ ~ocAM~N~~a~ ~ ' ' ~ 1. 5 O f RE " . ~ ~ ox OEPj.O~ ~2~,1= 3 . r M ~ pF 7l1~ . s.- . _ U ~ ~N PA~(MEtt1' ? ~ ~ ~ a~oi ~ ' ~p ppODERn. o ~ 'C UITIiN61dlE PERSONA~ ~ ~ p~ pN ~1,JSS 1911. ~Jl P'URSUI~NY ~ ~jER 71-134. AiCTS OF ~ RpGER P01TR~ ~ ~ CIRCt{IT COUR~~ St. WC1E CQ, I - E ~ ~ fo9ether with all and singulsr the teneme~ts, hereditaments and appurtances therevnto belonging w in anywise +ppertaining thereW, s~d all renri, iuues, proceeds and profits accruing and to accrue from said premises, ati of which are inctuded in the above aod fo~egoing dexripfion and habendum. r ~ TO HAVE AND TO HOID the above desuibed and granred premises unto the said MORTGAGEE, its sutteuots and suigns fwever. And the said ~r~ORTGAGOR for - ~ h°' r - heirs, executus, administ?alors and assgns, Fxreby covenants with the said MORIGAGEE, its successors and ~ssipm, f rhat --S~Y--~~- lawfully se7zed of the said prem~ses in fee simple; that the same are free, ckar and dixharged from sll 1'~ens and encvnr ~ b~ances in law or in equity, and that Lhe~/ W~~~ a~ the ir heirs shal) warrant and defend the tiNe to the same to the taW ~ MORiGAGEE, its successors and au~gns, forever against the lawful claims and demards of al) penwn; 't PROVIDED, ALWAYS tfiat if the MORTGAGOR shal{ pay ~nfo tfk! MORTGAGfE the promissory note hereinbefore deuribed and shsll truly, promptly and fully perform, d~utwrge, execute, complete, comply with and abide by eath a~d every the stipvlatioru, ag?eements, conditioro and coven~nts of said promissory note and of this Nbrtgage, then this JNortgage and the Estite hereby ueated shall te~se snd bs null and vo~d. E IT IS UNDERSTOOD thst the word "Mortgagw" wlxther in the singular or plural a~ywFxre in this Mortgage, shall be singular if one ortly and ' shall be plural jointly and severaNy if more than one, and tFiat the word "their" as used anywhere i~ this Mwtgage shall be taken to mean "his," "hen," ' ~ or "its," wFxrever the canteat so implies w admifs. Also, that wherever there is s reference in the coverNnts and agreemenn Ixrein contained to any of e rhe pa~ties hereto, the ssme thall be construed to mean ai well as the heirs, legal ~ep~esentativea, successon and assgro (either volontsry by sct of tM ' parties or involuntary by operatan of the Isw) of the same and that the covenants herein contained shall bi~d and fhe benefits and advantapes inure fo the rppective heirs, legsl representatives, successors and au~gns of the psrties hereto. ! And said Nlortgagors, fo~ thcroselves and their hein, legal representatives, successors ~nd assgns, hereby jointly and severdly covenant and ryree ro and with the said MORTGAGEE, its successors and assigns: r q 1. To pay all snd aingvlar the principal and interest and the various ~nd sundry sums of money payabk by virtue of said promisswy note, ~nd this mortgage, each snd every, promptly on the days respectively the same several(y become dve. ~ Y. To pay all and singulsr the uxes, assesunents, levies, tiabilities, obligstions and encumbranca of every nature ~~d kind now on said described property, p fhat he~eafter msy be impo~ed, s~ffered, pl~ced, levied, or ~ssessed thereon, q thst hereafter may be levied w assessed vpon this Mort~- ; age, a the irxlebtedness secured F~ereby, each snd evc?y, when due and psyable, accord'ug to bw, before they become detinqueM, and before ~ny inte~est 4 arraches w an~jenalfy is inturred; AND INSOfAR AS ANY THEREOF !5 OF RKORD THE SAME SNAIt BE PROMPTIY SATISFIE~ AND DISCHARGED OF # RECORO ANO THE ORIGIt3Al OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX QE~EIPT OR THE SATISFACTION PAPER OfFlCIAILY ENDORSED = OR CERTIf1ED) SHALL BE PLACED IN THE HANDS OF SAIO MORTGAGEE WITHiN iEN DAYS NEXT AF1ER PAYMFNT; and in the event that iny thereaf is nm pa~d, sa~'sf;ed and d;utiarged sa:d MORIGAGEE msy at any time pay the same or any part thereof without waiving or affecting eny optio~, lien, eq~ity a i •~qht u~der w by virtue of this mo.tgage and the full amount of esch and every s~ch psyment sh~ll be immediately due and paysble snd sh~tl bear interest , ~.om the date thereof until psid at rate of ~~ne per ce~rum per annum and toge?her with tuch~~ink est shalt be secured by the lie~ of th:s morgfaye. 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