HomeMy WebLinkAbout1974 THIS INDENTURE, Made the ~4th day of NOVembEr . - A.D. 19 72 betweet+
John L. Patterson and Marguerite PattersonLhis wife
of ~ 1-i~C~e County fiorida, he~e~naf~er des~~na~e6. p tFe °MORTGAGOR,° and FIRST FEOERAI SAVINGS AND LOAN
ASSOCIATION Of FORT PIERCE, • corporation wganized an~ cx~sting unde~ the laws o1 the Unitcd Stat~s of America and having its principal piace of
busineu in ths City o( Fort Pierce, 5t. lucie County, florids, hereinafter desig~ared as the "MORIGAGEE:'
WMEREAS Ihe MORTGAGOR is justly i~debtsd to tho MORTGAGEE in tha sum of S 18.6~. ~ good and lawful mo~+ey of the Un~ted
Srates advanced by the 1dORTGAGEE unto the MORTGAGOR, as evidencad by a cena~n promissay note of even date herew~th, of wh~ch the (oltow~ng i~
words and figures is a true copy, to-wit: 1~~19115
s 18,600.00 ~
~ Fort Pierce, florida, Novenber 29 19~
fw value rece~ved, 1, v.•e or either of us, p~om~se to pay, wifhout defalcaf~on, to the order of FIRST FEOERAL SAVINGS AND LOAN ASSQCIAT:OT! OF
FORT PIERCE at Forf Pierce, Fiorida, the sum of S-~s~:-~ w~rh in~erest irom date at the rate of 7_~~?~O.'ro per annum, in moMhly install-
~ ~~ents as fol(ows: S-- 141 .~~n 1he 10Lh day of Januarv 19__ 73 a~d a l~ke sum o~ fhe cwrespond~ng day of each month r:i~re-
afrer until the whole be fully paid.
Each installment first shall be appl~rd in paymrnt of the interest and then on the unpaid balance of the princ:pal sum. If ~de{auit ia made in th~
~ ay~nent of any installmenl whe~ due, and such default tontinues 30 days, then at the opt~on of the holder, and without any other notite, all 11ic ~ema~ning
~ns~all~nents shall be due and payabfe at once. Privilege is given to prepay lhis note in whole o~ in part at any time without penslty. Neithtr fo~ebearante,
nw acceptance by the holder thereof a(ter any default in any payments hereon, shall be deemed extension. A late payment charge of S 7•
O5
- shall be
~ addrd to each installment remaining unpa~d 7 days after its due date, and a fike sum shalt be added to each such installmeM rcmaining unpaid 7 days aitet
each succeedirsg paymero date.
~ Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of p~otest for nonpayment, and further
agrees to any eatension of time of payment, either before or after maturity, without not~ce to any ot us; and to pay all costs of coilection, includ:ng a
reasonable attorney's fee in the event oF any default hereunde~, and hereby severally waives all benefit of homestead and exemption under the constitutan
a~,d laws of each State of the Unired States, as against this obl~gation w any extens~on or renewal hereof,
Witness the hand and seai of each party.
s/ John 1.. Patterson (SEAU
` (SEAI)
(SEAI)
. Mar9uerita Pattarsnn (SEAu
~ $ 27.90 ) S~ate Revenue
16Dm~ 70~
NOW, THEREFORE, the MORTGAGOR fo~ the purpose of secur~ng payment of said sum of i 18 ~ 6O0 _ OQ and the performsnce of the
covenants ar+d agreementa hereinafter expressed, and for divers good and valuabie considerations, by thcse presents, dxs grant, bargain, se11, remise,
release, convey and confirm unto the MORTGAGEE, its successors and assigns, a~~ that certain lot, piece or parcel of land, situate, lying, snd being in Ihe
County of St .~.~1C1@ and Stete of Fbrida, dewibed ~s follows:
That part of Lots 9 and 10, Block 2 of ANGL&VILLA, as per plat thereof on file in
Plat Book 9, page 15, public records of St. Lucie County, Florida~ more particularly
described as follows:
Beginning at the South corner of Block 2, created by the intersection
of Palo flrive and Angle Road, run thence Northwestezly along the Easterly
boundary of Angle Road, a distance of 98 feet; thence run Northeasterly
parallel to the line dividing l.ots 10 and 11 of said Block 2, 120 feeL
to the reaz line of said Lot 10; thence run Southeasterly along the reaz
lines of Lots 10 and 9 of said Block 2, 98 feet to the Northezly boundary
of Pala Drive; thence zun Southvuestezly along the Noztherly boundary of
Pala Drive,.l20 feet to point of beginning,? ,
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RECE1VE0 S INtAN 1~3g p~i5 c~ p~ ~ S~ AMP j A
p~c Ct~ a ~;tA°' E~t ~~t,p~t tiiP~~ F?A ~T A~NT ARr r~ I
puM1s+,;;{c't Cu` ~uRt s~- tU~?~ D~~vEN~ ( ' ~ Z 1, 9
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o ~ •
rogether with a~l and siryuiar the tenements, hereditaments and appurtances thereunto belaging or in anywise appertaining thereto, and all ~ents, iuues,
proceeds and profits accruing and to accrue from said prem~xs, aIl of which are included in the above snd fwegoing dexription and habendum.
TO HAVE AND TO HOID the above desaibed and 9ranted p~emises unto the uid MORTGAGEE, its successws +nd auigns forever. And ths said
hM1ORTGAGOR for --t~.Z----- heirs, executors, administrators and assigns, hereby covenanfs with the s+id MORTGAGEE, its sutcessors and ~uiqm,
that -5-~--~--- lawfully aeized of the said prem.ises in fee simple; that the ssme are free, clear and discharged from all liens and e~cum-
brances in law or in equity, and that they W~~~ a~ their heirs shall warrant and defe~d the title to the same to tM said
MORTGAGEE, its successws and assigns, fwever against the lawful claims and demands of all persons;
~ PROVIDED, AtWAYS that if ~Fx MORTGAGOR shall pay unto the MORTGAGEE the promisaory note F.ereinbefwe dewibed and shall truly, promptly
and fully perform, d~scharge, execute, complete, comply with and abide by each and every the stipulations, agreements, conditeons and covenants of said
promissory note and o~ this Mortgage, then this Nbrtgage and the Eatate hereby created shall cease a~d be null and void.
~ IT IS UNDERSTOOD that ~he wwd "Mortgsgor" whether in the singular or plural anywhere in this Mortgage, aball be singular if one only and
~ shall be plurol jointly and sever~lly if more than one, and that the wwd "their" af used anywhere in this Mortgage shsll be taken to mean "his;' "hen,"
~ or "its," wherever the conteat to implies or admits. Alw, that wherever there is a refererxe in the covensnts and agreements herein contai~ed to ~ny of
~ ~he partirs he?eto, tF?e same shall be construed to mesn as well as the heirs, lega) repraentatives, successon and sssgns (either voluntary by ac1 of the
~ parties or involuntary by operat~on of the law) of the same and that the covenants herein contsined shall bind ~nd the benefits and advant~yes inur~
ro the respective heirs, legal repreuntatives, succeuors and au'gns of the parties F?e~eto.
And said Mortgago~s, for themselves and their F?eirs, tegal reprosematives, successors and assig~s, hereby joinNy and severally covensnt and ~yree
~ fo and with the said MORTGAGEE, iu wccessors and a~signs:
~ 1. To pay sll and singular thc principsl and interest and the various and sundry sums of money paysble by virtue of said promissory note, and this
mortgage, each and every, prompf~y on the days respectively the same severally become due.
` 2. To pay all snd sing~lar the taxes, assessments, levies, liabilities, obligations and encvmWsnces of every nature and kind now on said described
' property, or that hereaiter msy be imposed, svffered, placed, levied, or assessed thereon, w that hereafter may be levied w usessed upon this Morf¢
age, a the indebtedness sccured hereby, exh and every, when dve and payable, xcording to law, befo?e they betoms delinquent, and before any ir+terest
~ atraches or aoy peoalry is incurred; AND INSOFAR AS ANY THEREOf IS OF RKORO THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF
RECORD AND THE ORIGINAL OFFI~IAI DOCUMENT (SUCH A5, FOR INSTANCE, TNE TAX RECEIPT OR 1HE SATISFACTION PAPER OfFIC1AltY ENDORSED
OR CERTIFIED) SHAII BE PIACED IN TME HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not
pa~d, sat'sfied and dixharged sa'd MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting any option, lien, equify a
i •~qht under w by virtue of this mo.rgage and rhe full amount of each and every such psyment shall be immediately due and payable and shall besr interest
~.om the date thereof until paid at rate of n~ne per centum per annurp apd h r w~th su h interest shall be xcured by the lien of th:f morgtaQe.
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