HomeMy WebLinkAbout1978 ~ ~~~~55 ' 4~
THIS INOENTURE, Mads the ZQ.tb day of jtJeyO+~~ A.D. 19 72- between
_ Maurine E. Lippard, a single adult
of St. T.11C1Q ,~p~nty Flwida, hereinatter des nated as the "MORTGAGOR," a~d FIRST fEDERAI JAVINGS AND IOAN
ASSOCIATION OF FORT PIERtE, • corpwat~on wganized and ex~st~ng undefi~~ fa,r~s of ~e~U~~ted $tit~s oF America and having iti principal piace of
business in ths City of fort Pierce, St, lucie Cou~ry, flwida, hereinaFter designated as ths "MORTGAGEE."
WHERE/iS tha MORTGAGOR is justly indebred to the MORTGAGEE in the sum of ; 23+900~OQ go~ and lawful money of the Un:ted
S+ates advanced by thr MORTGAGEE unto thc MORTGAGOR, as evidzncrd by a cena~n prom~ssay note of even da~e herew~ih, of wh~ch the ioilowing in
words and figures is a true copy, to-wil:
s 2,3, 900. 00 No 1001912 S
Fwt Pierce, flwida, _rleVemher 2~ ~q,~~
Fw value received, 1, we or either of us, prom~se to pay, wiihout defa!cai~on, to the order of FIRST fEDERAI SAVINGS AND IOAN ASSOCtATION OF
FORT PIERCE at Fo+t Pierte, florida, the sum of S-~~Q~~QQ__~_ w~th interest irom date at the rate of ~~SFo per annum, in monthly install-
;•~en~s as fo~!ows: S 177•~~ on the lOLh day of _`J3~ludry 19 73 and a like sum on the correspond~ng day oE eac6 month there- '
after unti) the whole be fuliy p~id.
Each ins:aftment first shall be app!ied in paymenf of the interest and then on fhe unpaid bslance of the p~Enupal sum. 1~ defavit is mad8 in the
F~iment of any insialtment when due, and such defauh cont~~uea 30 days, ?hen at the oprion of the holder, and without any other ~otice, ali the remain~ng
:~~srallments shall be due and payable at once. P~ivilege is given to prepay this note in whole o~ in part at sny t~me without penally. Ne;rher lwebearance,
nor acceptance by the holder thereof after any defautt in any payments herean, shalf be deemed extens;on. A late payment charge of ; S.
~5ahall be
a~d`d to each installment .emai~ing unpa~d 7 days a4ter its due date, and a t~ke sum shall be added to each such instaUment remainir~g unpaid 7 days after
each sucteeding payment date.
Eath maker, surey and endorser he+eof, joinfly and severally, waives demand, p?esentmenf protest and notice of protest fo? ~onpayment, and funher
ag,ees to any extension of time of paymenr, either before or after maturity, witho~t notice to any of us; and to pay all costs of collection, includi~g a
rrss~nable attorney's fee in tFx event of any deiau~l herevnder, and hereby severally waives aIl be~efit of homestead and exemption under the coostiNtio~
a~,d laws of each State of the Unired States, as against this obligalion or any ea~ension a renewal hereof.
W~tness rhe hand and aeal of each party.
1~~
_ ddII 1 ~ql)
(SEAL)
~ ,535.85 ~ State Revenue «u
23 900 00
NOW, THEREFORE, the MORTGAGOR fo~ the purpose of aecuring payment of said sum of S ~ • ~ and the performance of the
covenants and agreements hereinafter e:pressed, and fw divers qood and valuabfe cons+deiations, by 11uu presents, doea grant, bargai~, sell, remise,
retease, convey and confirm unfo the MORTGAGEE, its succeswrs and assigna, all that certain lot, piece w parcel of land, situate, lying, and being in the
County of St .~.11C ie and State of ftaida, dewibed a~ followt:
From the [dorthwest corner of the SW'~ of the NMt'~ of the NE4 of Section 29,
Tawnship 35 South, Range 40 East, run North 890 59'S0" East 124.23 feet to
the Point of Beginning; thence continue along the saae line 239.18 feet to
a goint on the North right-of-way line of Edwards Road; thence run South
53 36' 3d' West along said right-of-Kay line 292.55 feet; thence North 1°
12 • 12" West 173.54 feet ~to the Point of Beginning. ~
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STAT~ oF FI.~.C~R(DA~
~x DOCUMfNTARY~! STAMP It.>. ~ ~
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!ogether with aIl and singutar the tenements, hereditaments and appurtances the?eunto belo~girg o? in anywise appertaining thereto, snd all rents, iuves,
proceeds and profits acu~ing and to acuue from said prcmixs, all of which are irscluded in the abmre snd foregoing dexription and habendum,
TO HAVE AND TO HOtD the sbove dcxribed and g~anted premixs unto the ssid MORTGAGEE, its stxcessws and auigns foreva. Md tM uid
MORTGAGOR fw -hQ= heirs, executws, administrators and assi~ns, hereby covenanri with the said MORTGAGEE, its aucceswrs ~nd ~uiyro,
rhat lawfully selzed of the said premisea in fee s~mple; that the same are free, ciesr and dixharged from all liens ~nd encum-
brance~ in law o? in equity, and that She will and ~eY' heirs shall werrant and defer+d the title to the same to ths said
MORTGAGEE, its successws and auigns, forever against the lawful claims and demands of all pe?sory;
PROVIDED, ALWAYS that if the MORTGAGOR shall pay unfo the MORTGAGEE the promiuory note hereinbefore dex?ibed ~nd shall truly, promptly
and fully perform, d~scharge, eaecute, comptete, comply wirh and abide by each and every ttx stipulstio~s, sgreements, conditions and covenants of uid
promissory note arrd of this lNorrgage, then this Nlortgage and tF~e Estate hereby created shall cesse and be null and void.
IT !5 UNDFRSTOOD thst the word "Mortgagor" whether in the si~gular or plural a~ywhere in this Matgage, shall be singular if ona only and
shalt be plural jointiy and severally if more than one, and that the wwd "their" as used anywhere in this Mortgage shal( be taken to mean "his;' "herf;'
or "its;' wherever the context so implies or admits. Also, that wlxreve~ there is a refererxe in the covenants and agreements herein contained to any of
the parties herero, the same ihatl be construed to mean ss well as the heirs, legal representatives, succeuws snd assigns (either voluntary by act of the
parties or involuMary by operation of the law) of the ssme and that the covenants herein conqined shall bind and the benefits and advantaQp inuse
+o the respective hei~s, leg~l representatives, successors and au~g~ of the parties hereto.
And said Mwtgagors, fw themse~ves and ~heir hein, legal representatives, successors ~nd auigns, hereby joiMly and severally tovenant and agree
~o and with the said MORTGAGEE, its successors and assigns:
1. To psy all and singulsr the printipal and interest and the various and sundry sums of mo~ey payable by virtue of ~aid promisswy note, and this
~ mangage, esch snd every, promptly on the days respectively the same severally becane dve.
2. To pay all and singulsr the uxes, assessments, levies, liabilities, obligstions and encumbrances of every r.ature snd kind now on said dewibed
property, w that hereafter m~y be imposed, wffered, placed, levied, or aasessed thereon, or thst hereafter may be Ievied w essessed upo~ this Morty-
age, or the irxkbtedness senwed hereby, exh and every, when due and payable, xcwding to law, before they become delinqueM, and befwe •ny interest
atfaches or any penalty is incurred; AND INSOFAR AS ANY iHEREOF IS OF RKORD THE SAME SHALL BE PRONIPTIY SATISfIED AND OISCHARGED OF
RECORD AND THE OR(GIhAI OfftClAl DOCUMEIYT (SUCH A5, FOR tNS~ANCE, THE TAX RECEIPT OR THE SATISFACTION DAPER OFFICIAIIY ENOORSEp
OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAIp MORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; and in the erent tF~at sny thereof is not
pa~d, saYSfied and discharged sa'd MORTGAGEE may at any time pay the same or any part thereof witiwut waiving w affecting any option, 1ien, equity a
•~qht under or by v+rtue o! fhis mortgage and the full amount of each and eve?y such payment shall be immediately due and payable and shall beat interest
~rom the date thereof until paid ~t ~ate of nine per cemurpq~r ~~~nd toget er w~th such interest shall be secured by the lien of th:i morgts~e.
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