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HomeMy WebLinkAbout1618 . : • IGSFIGd~'.y THIS INDENTURE. Msde the Zlst d+y of NOVet~er ' A.D. 19 72 betwee~ • Kenneth [t. Drew and Bvelyn L. Drew, w fe ~ of $t. Lucie CW~~y Ftorida, hereinafter de~gnated +t ths "MORTGAGOR," and fIRST FEDERAL SavINGS AND IOAN ASSOCfAT10N OF FORT PlERCE, a to~paatio~ organizcd and existinp unde~ tM lawf of IM United Staqs of Amerita and h~vin9 iri principat piaca of busir~eu in tM City of FoA Pierce, St. lucie County, Flo~ida, hereinafter designared as ths '1rWR1G~?~ WHEREAS the MORTGAGOR is justly indebted ro 1hs MORTGAGEE in tM sum of = Z~~ , good and lewful money of the Un~ted States advanced by the MORTGAGEf unto ths MORiGAGOR, as evidenced by a tt~tain {xomiuory nots of even. dste herew~th, of wh~ch the following in i ord2 aO; f~ur:s~ a t~ue copy, to-wit: ~ 10019082 i C)OO Nove~ber 21 72 ~ fort Pierce, florida, ~ 19 i ~ Fd value received. 1, we or eithea of us, prom~se to pay, without defalcation, fo the order of flRST FFDERAL SAVINSG~S~ AND IOAN ASSOCIATION OF FORT PIERCE at iwt Pierce, ftorida, the sum of =~10~•~ wi~h inrerest from date at the rate of~~~~°b per annum, i~ monthly install- ~~~ents as foilows: j 142s~ p~ lOth day of January ~q_ 73 and a like sum on the cwresponding day ot each month thrre- ~ after unril ~he whule be iulty paid. ~ ~ Each i~stattment first shall be applied in payment o( the interesl and then on the unpald bala~ce of the prindpat swn. If ~ietsutt is made i~ the ; payment of any instatlment when due, and svch default continucs 30 days, then a! the option of the hoider, and without any o~her notice, all th~ rer.,sining ;nstallm~nts shall ~e due and payable at onca Privilege is given to prepay this ~ote in whole w in part at a~y time without penalt~r. NeitF?er forebesr+nce, ; ` nor acceptance by tFx holder the~eof after any default in any payments hereo~, shal! be deemed extension. A Iate payn+ent charge of S 7• 1O shalt be ~ added to each installment remai~ing unpaid 7 days afttr its due date, and a tike svm shal! be addcd to each such installment remaini~-g ~npaid 7 days aftc? each succeedtng payment date. fach maker, suroty and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protesl fw nonpayrtx~zf, a~d fuAFx~ i agrees to any extensio~ of time of payment, either be(ore o? after maturiry, withouf nor;ce to any of us; and to pay a~l cosls of collectio~, includirg s ~ reasonable attorney's fee in tF~e event of any default hereunder, and hereby severally waives afl benefit of lamestead and exemption under 1he cautitution ~ and laws of each S~ate of the Un~ted States, as aga~nst this obl~gation or any exrensio~ o? rerxwal hereof, Witoess the ha~d and seal of each party. ~ (SEAI) s/ Kenneth R. Drew . s V e yn L. rew c~wu $30.00 ~ ( 1 State Reveoue (Std~pps lan6elledroo_ociyml onte) J NOW, tHEREFORE, the MORTGAGQR fw the r se of seturi ZO ~0.~ ~ covenants and reements hereinafter ex essed, and fa divers ood and valuab ef onside at~ons, b these and the perfumarxe of ths : a9 P~ g y presents, does graM, baryain, sett, remix, ; - release, convey and confirm unto the MORTGAGEE, its successors and as~igns, all thaf certsin lot, piece or parcel of Isnd, iituate, lying, and beinp in ths Co~nty of $L. L'uCle s~d Stste of Fbrids, dewibed as follows: ; ~ Lots 1 and 2, Block 168, LAKEWOOD PARK UNI? 12A, as per plat thereof ~ on file in Plat Book 11, pages 35, 36, and 37, public zecords of St. ~ Lucie County, Florida, ~ MQ~t p~X ~ fl ~ 1 ~ A~EptA~'~ _ w~ R O O ~ d, D ~ ~VE~ ~ , ~ y i ~g c+ OE4Z' r`11 REfE~:'tD ~ ~ = i t~ ti"'w ~:lE Uf~ v / iN I i.vt ~R~ Qf i uus ~c• rxuw~~s.~ ~ F~2.iu:::iL Y:~~ttn~ , ' ~o a' ~ N Ot ~~~i~tiT i0 CiiAPI~ 72-134, ~ ~ ~ ROGER POITRIIS S GF Iy/L~ j< i . a C E E R K CIRqIIT OtiURT, S T. L I~ I E 00'. FlA f ~ ~ ~ i t to~ether with all ~nd singular the tencmeMS, Aerediaments and appurtanccs the~eunto belongirg or in anyw(se sppertaini~y thereto, and all renb, iu~es, i ~ proceeds and profifs acvuing snd to xaue from said prFmise~, all of wbich are included in the above snd forayoing dewipYron snd habendum. i TO HAVE AMD TO FI~LD ti~e above described snd granted premises unto the tsid MORTGAGEE, i» successws and aui~~u forever. Md tM said { ~ thei r - 3 MORiGAGOR for - heirs, executors, administrarors and assigns, hereby covenants with the ssid MOR7GAGEE, ib wccesfas ud as~iQm, , , + rhat lawful seized of tlx ssid ~ ~ the a re y premiaes in fee simple; that the same sre f~ee, ckar and discM~yed from all limn and tncwn- E brances in Iaw or in equity, and that they yr~~~ a~ thei r hein shall wurant and d~fend t}?s title to ths s~me to tM saW ~ MORTGAGEE, its successors and auigns, fweve~ against the iawfut claims and demsnds of al! persora; F 4 PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefwe dexribed and ahall truly, promptly ~ and fully perform, discharge, e~cecute, complete, comply with snd abide by esch snd everyr the stipvlsY~ons, sgreenxnfs, condirions •nd covenann of sa~d ; • promisso~y note and of this Mwtgage, then this Matgsge and the Estate hereby aeafed shaN cease and be n~ll and void. ~ IT IS UNDERSTOOD thst the word "Mwfgsgw" whefher in the s~nguler or plural anywhe?~ in this Mortgage, shall be singular if one only and Y shall be plur~l jointly end severally if more tMn one, snd fhat the word "~hei?" as used anywhere in this Matyage sF+~ll be t~ken to me~n "his:' "hen:' i E or "iri;' wherever the context so implies d admitt. Also, that wherever there is s reference in the covenana ~nd ~greements I~erein contairwd to ~ny of ~ rhe panies hereto, ihe same shall be const~ued to mesn as well as the heirs, legal representativet, s~?ccesson and assigra (either volu~»ry by act of the ; parties a involuntary by operation of the Iaw) of the same and that the covenann herein contained shall bind and tha benefits and advantaqes inwe ro the rdpective fie'ws, kgal representatives, svccessors a~d su~gns of the parties hereto. ~ And said Mwtgsgon, iw themselves a~d their he'as, I al re exmativq, successors ~nd au' na, hero } eg W g by joi~tly ~nd severalty covenant ~nd spree 1 ro and with the said MORTGAGEE, its sutcesaors and auigns: ~ ~ 1. To pay all and tingvlar the principal and interest ~nd the vsr~an ~nd sundry sums of rtiw~ey payable by virtue of said prom;ssory note, and this i € mortgsge, esch and every, promptty on the days respectively the same severally becorne dve. ~ ' 2. To pay ~tl and singvier the taxes, sssesunenri, levies. liabiGfies, obliyations and encumbrances of every naturt and kind ~ow on ssid desvibed ? prope~ty, w fhat hereafter may be impo~ed, suffe?ed, placed, kvied, or asseased thereon, w that heresfttr may be kvied or ~ssessed upon iha Mort¢ age, or ths indebtedneu secured he~eby, exh snd everv, when d~e and p~yable, sccordiny to law, beFor~ they become delinquent, and be/w~ any intereil ~ areaches or any penalty is inturred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII dE PROMPTLY SATISFIED AND DISCNARGE~ OF ~ i RECORD AND THE ORIGINAL OfFICIAI DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OfflCIALLY fN90R5E0 ! OR CERiIf1ED) SHAtI BE ~LACED IN iHE HANDS OF SAlD MORiGAGEE WITHlN TEN DAYS NEXT AFTER PAYMENT; and in the event thst any thereof is not ! paid, saYsfied and diuharged fa;d MOkTGAGEE may at any t~me pay the same or a~y part thereof witho~rt waiving w sffeaing ~~y opt'an, lie~, equity p •~qht ~~der or by virtue of this mortgage ar+d the full amoum of each and every such payment shall be irm~ediarely dve arx! payabte snd shi11 bear interest ~ ; <<om ~he date the~eof until psid at rote of nine per centum per ~nnum and toyNher w~ ~ t shall ured by the lien of th:s morgtt~e. ' i ~oo~ ~~VO PaGE~~18 ~ ~ ~ ~ ~ a ~ ~ : _ ~ a~ _ _ ~ .