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Home My WebLink About1972 =zti,JV~ - . T1i15 t~7DffYTURE, Mad~ the 28th _ day of Noveubez n.~. 19_~e, between Allen K. Moston ~n~NancY DL Mo;ton~ his wif~ of Counfy F{orid~, herei~nafter deigna~ed as the "MORTGAGOR;' and FIRST FEDERAI SAVINGS ANO IOAN ASSpC1A N • IERCE, a co~porat~on wga~ized and ex~s~ing unde. the lawi of 1hs United Suras of America a~d havinQ in p~i~cipal place of busineu in th~ Ciry of Fort Pierce, St. lucia Covnty. Florida, hereinafte~ designated u th~ "MORTGAGEE:' WHEREAS iha MORTGAGOR ia juitly indebted to the MORTGAGEE in the sum of : 21 ~ 20Q_ 00 ~ good and lawful money of the United Statea advanced by ~he MORTGAGEE unfo ths MORTGAGOR, as evidancrd by a certain promiuwy nots of even date herewirh, of wh~ch the fo!lowing in words and figu~es is a true copy, towit: ; 21~200•00 10019112 Fon Pierc~, fbrida. NoVe Aor 28 ~y~y7 For value received, 1, we or either of us, prom~u to pay, wiihout defalcar~on, to ~he order of FtRST FEDERAI SAVINGS AND tOAN ASSOCIATIOV OF FORT PIERCE at fort P~erce, flor~da, fhe sum of s Z1 200. ~Q w~th in~erest from da~e at the rate of ~2~ per rnnum, in monthly imtail- ~•rnts as fol:ows: S 161 a~ on the .~1day of Januar v J, 19_~and a like sum o~ the carespa~d~ng day of each month therr ai~er un~il the whole be fully pa~d. y , Ea~h installment first shall be applied in payment of Ihe interest and then on the unpaid balance of the princ~pal sum. If default it made in the pay~nent of a~y instal(ment when due, and such default coroinues 30 days, tfien at the opt~on of Ihe holder, and wirhout sny other not~ce, atl the remaining ~r~sraltmenrs shall be due and payable af once. P~ivitege is given to prepsy this note in whole or in pan at any time without pe~alty. Neither fwebearance, nas atcep/ance by the holder thereof after any default in any paymenq hereon, shall be deemed extension. A late payment tharge of S--$-.-QS-. shatl be add~d to each installment remainirg unpaid 7 days after its due date, and a like sum shatl be added to each such installment remaining ~npaid 7 days after each succeeding payment date. Each maker, surety and endwxr hereof, ~ointly and severally, waives demanJ, presentment protest and notice of p~otest for nonpayment, a~d further agrees to any extension of time of paymenl, either before w after maturity, without not~ce to any of us; and to pay all costs of collection, including a reasonable attorney's fee in the event of any defaut~ hereunder, and hereby severalty waives all benefit of home:tead and exempfion under the constitution and IaJVS of each S~ate of the United States, as against this obligation or any extens~on or renewal hereof, W~tness the hand a~d seal of each party. s~Allen K. Morton (SEAI~ . ~nq a~?u S 31. 80 s~-Naac}~-~. D1os Lon tsEnU ( ) State Revenue NOVV, THEREFORE, the MORTGAGOR fw ihe purpou of securing payment of said sum of = 21 . 20~. , and the performance of fhs covenants and sgreements hereinafter expreued, and fw divers good and va~uable considerations, by these presents, does grant, ba~gain, sell, rem~se, release, convey and confirm unto the MORTGACEE, its successors and assigns, atl that certain lot, piete or parcel of land, situate, lying, and being in the County of - St . Lueie „ snd State of Florida, described as fotlows: Lots 10 and 11, Block 48, SAN WCIE PLAZA, t1NIT NQ. l, as per plat thereof on file in Plat Book S, Page S~, of the Public Recozds of St. Lucie County, Flotida ? F,S ~Ea ~ P~~i. P~Q a~~. ~ Q \~Q ~y~,a ~E ~ N_ STATE oF F!_ORIt~,c~ 1 ~'i G~~~Aa.~`'SS ~~~.i- oZ DOCUMftVTARY STAMP iAx ~ I'+`v~~ ~Q'~ 1>>~~~`~ : ~ DFPT. RfOF~IiENUE 1~.4 ' R ~ v . _ • , •G ~E, o = L ~ ~~C(-'1j ~ . ~ ~ ~S G~'Q~~~~t~S . ^ j ' ` ` o `,Pai ~ 3 8 ~ ~ ~ ; " .~o ~ ~p ,W~ I ~~.v ~ ~.Q~~s~ ~c` ~ . rogefixr with all and singular the tenements, hereditammts snd appurtances thereunto belonging or in anywise appertainir?g therefo, and ~II renri, iuuea, pr«eeds and profits ucruing snd to acuue from said premises, all of which are included in the above snd foregoing destription and Mbendum. TO HAVE AND TO HOLD tFx abave dewibed and granted premius unro the ssid MORT(;AGEE, in wccessors snd auigns farever. Md tM ssid h10RTGAGOR for thell ~~~s, executors, administrators and assig~s, hereby covenants with the taid MORTGAGEf, iri wtteuds snd ~ssipm, rhat - thev aYQ~` ~awfulty seized of the said prem;set in fee simple; that the same are free, ckar snd diuharged from all 1'~ens ~nd enc~m- orances in !aw o~ in cquity, and that thev a,~ tll@ 1Z heirs shall warrant ~nd defend the title to the sarree to 1M wid MORTGAGEE, its :uccessas and augns, forever against the lawful claims and demands of all penons; PROVIDED, AlWAYS that if the MORiGAGOR ahall pay unto the MORTGAGEE the promissory rate hereinbefwe desc~ibed and shall truly, promptfy and fufty perform, diuharge, execute, complete, comply with and abide by each and every 1he stipulstions, sgreements, conditions and tovenanri of s~id promissory note and of this Matgage, then this Mortgage and the Estate he~eby crested shall cesse and be null and void. IT IS UNDERSTOOp that the wwd "Mwtgagor" whether in the singular a plu~al anywhere in this Mo?tgage, shsll be singular if one only and shall be plural jointly and severally if more than one, and that the wwd "their" as used ~nywF~ere in tha Mortgage ahsll 6e taken to mesn "his," "hen;' or "its;' wherever the context w implies or admits. Also, that wherever there ia s refercnte in the covenanri and sgreements herein contained to any of ~he parties hereto, the ssr.~e shsll be construed to mean ss well as the heirs, kgsl representatives, successon and sssig~u (eithe~ voluntary by ~cl of Ihe parties w involunt~ry by opeaation of the law) of the same snd that the covenants herein contained shall bind and the benefits and advant~es invre ro the ~espettire hein, kgal represe~ta+ives, sutcessors and au~gna of the parties hereto. And said Mortgagors, for themselves snd thei~ heirs, legsl representatives, wccessors and auigns, hereby jointly and severally covensnt and a~ree to snd with the said MQRiGAGFE, irs successors and assigru: 1. To pay all arx! singulsr the principal and interest and the various and sundry tums of money psyable by virtue of said promiasory note, ~nd this mortg~ge, esch and every, promptly o~ the d+ys respepively the same xverally become due. 2. To pay all and singular the taxes, sssessments, levies. Iiabilities, oblgations and encumbr~nces of every nature snd kind now on said described property, or thst hereafter may be impored, suffered, placed, levied, a sssessed thereon, w tMt hereifter may be levied p asseued ~pon this Mort~- age, a the indebtedness secured hereby, exh snd every, when due and payable, accwding to law, befwe they become delinquent, and befae ~ny interest ettathes or sny penalty is inc~rred; AND INSOfAR AS ANY iHEREOf IS Of RKORD iHE SAME SHAIt 8E PROMPiIY SATISFIED AND DISCHARGED OF RECOftD AND TME ORIGINAI OFFICIAI DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR TNE SATISFACTION PAPER OffICIAIIY ENDORSED OR CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and i~ the event that any thereof is not paid, sat's(ied and diuharged sa:d MORiGAGEE may at any tirrk pay the same or any pan thereof without waiving or afftcting sny option, (ien, equity p ~iqht under w by virtue of this mortgage and the full amoune of each and every such psyment shall be immediatety dve and payable and shall bear interest ~.om the date ~hereof until paid at rate of n~ne per centum pe~ s~num and to~ti~ h intere ~'f secured by the lien of th:= mor~taye. 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