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Home My WebLink About2403 243259 THIS INDENTURE. Made the 3« t t~ day of Noveriber A.O. 19 72 bet~veen Rroacidus l.. G:irnett and Patricin S. G~~rnett, his ~vife of County Flor~da, hereinafter desgnared as the "MORTGAGOR," and FIRST rEOERAL SAVINGS AND 10~1N ASSOCIATION OF FORT PIERCE, a corparation organized a~ ex~s~~ng under the laws of the Un~ted StatQS of America and having itt principal place of bus~ness in the City of Fort Pierce, Sf. lucie Gounty, Florida, hereinafter designa~ed as Ihe "MORTGAGEE: ' WNEREAS the MORTGAGOR is j~atly indebted to the MORTGRGff in the sum of S~3 l~~~ •U~ , good and lawful money oi thc Un:ted S+ates advanted by the ~110R~t',AGEE unto ~he MORTGAGOR, as evidented by a certain p~p~nissory note oi even date herewith, of which the ioilowiny in words and f~gure: is a trvc copy, to-wit: z33~8U0.00 No 10019127 Fort Pierce, Flo?ida, `nV@IRtiE'I' 3U, ~y 72 fo~ vatue iece~ved, 1, we or either of us, prom~se to pay, wi~hout deialca~;on, to the o~der of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF FORT PIfRCE at Fort Pierce, Flo~ida, ihe sum oF 52 3, 800 .OO _ w,th intrrest irom date at tF.e ~ate of S_°o per a•~num, in monthty install- nents as fol!ows: S 176 on the lOt~ay of ~~anulYy 19_73 and a like sum on the co.respond~ng day of rzch moNh there- ef~er until ~he whofe be f~lly pa~d. Each ~nstallment first shall be appGad in payment oi the interest and ~hrn on the unpa~d balance oF rhe prinupal svm. !f ~efauh is made in the F:ayment of any instalLnent when due, and such default conr~nues 30 days, then at the opt~on of the hotde~, and wi~hout any other ~ot~ce, all the remaining ~~~stal;~nents shall be due'and payab~e at once. Privilege is given tp prepay this note in whole or in parf at any time without penalty, f~teither forebearan:e, nor acceptance by the hotder thereof aftar any default in any payments hereon, shal~ be deemed e:rension. A late payment charge of S 8•~ shall be ~;ddad to each instaliment remaining unpa;d 7 days after its due date, and a iike sum shali !>e addrd to each such instaklment rernaining unpaid 7 days a~ter each succecding payn:ent dare. Each maker, surety and endorser hereof, jo~ntly and severally, waives dema~d. presentmenl protesf and not~ce of protest tor nonpayment, and further agrees to any extension of nme of payment, erther before or afte~ marur~ry, without notice ta any of us; and to pay a~l cos~s of co~lection, includ:ng a re.~sonable attomey's fee in rhe e~ent of any defau.t hereunder, and hereby severally waives all benefit of homestead and exemptio~ under the constitution a~~d laws of each Srate of the Umted States, as against this o6Ggation or any extens~on or renewal hereof. Witness the hand and seai of each party. (SEAI) s/Eiroaddus L. Garnett (SEAL) (SEAI) ~ $35.70 s/Patricia S. Garnett ~S~i~ ) State Revenue GS~~raps tar~ceJl~d_oo~igioal. aaW _ NO'N, THEREFORE, the MORTGAGOR fw the purposc of securing payment of said sum of s 23 +800 and the performarxe of the covenants and agreements hereinafter expressed, and for divers good and vatuabte cor.siderations, by these prese~ts, does grant, bargain, sell, rem;se, ;e?ease, convey and confirm unto the MORIGAGEF, ifs successors and ass~gns, a11 that certai~ IoL piece or parcel of tand, situate, lying, and being in the County of St . Luci e and State of Florida, dewibed as follows: Being a pazcel of land lying in Block 32, LAKBWOOD PARK , UNIT 4, according to the plat thereof recorded in Plat Book il, Page 2, Public Records of St. Lucie County, Florida; the boundary of said paurcel being aore particularly described as follaws: Froa the Southeast cvrner of the aforesaid Block 32, run SouLh 89° 5? ~ West 302.50 feet to the Point of Begianing; thence continue South 89° 57' West 85 feet; thence NBrth O° 03' West 150 feet; thence Noxth 89° 59' fiast 85 feet; thence South O 03' East 1S0 feQt to the Point of~Beginning~ F ~~-°RP~`'X ~ S ~R~~~. 5~0~ GU~~VE~ E ; .r P~,AE~t ~ 3 ~ ~ t ~ ~E f,! E.y.'o 11~~ ~,.E DUEEON C~ 1N PAYAt~ OF p~ ~NTAPIGIQLE tE~p tl~ ~ 4 I ~PERn i o ~ P p2 RSUANTCi ~i FR~PO ~qA.ACiS pf ly/l. ~,1~, : ` RClJR COURT, Si. LUClE Cp.~ R/[ ~ ~ ` together with all and singular the tenements, hereditaments and appurtances thereunto betonging or in anywise appertaining thereto, ~nd sll tenfs, iuues, ( procecds and profits accruinq and to accrue from said premises, all of which are included in the above and ioregoing dexription and habendum. ~ 10 HAVE AND TO HOID the above described and granted prem~ses un~o the said MORTGAGEE, its successas and ~ssigns forever. And ths said ' their = ti10kTGACsOR for heirs, executors, administrators and assi9ns, hereby covenants with the taid MORTGAGEE, its succeuws and aui~ns, th~~ the~r are _ ~aWf~uY se~:ed of the sa~d premius in fee s~mple; that the same are free, clear snd dixharged irom all liens and encum- f b~ances in law or in equ~ty, and that they N,~~~ a~ thei r heirs shall warnnt and defend the title to the tame to the said ; A~10RTGAGEE, its svccessors and assigns, fwever againsf the lawful claims and demands o1 all persons; : PROVtDED, AlWAYS that if the MOR7GAGOR shall pay unto the MORTGAGEE the p~omiasory note hereinbefore dewibed and sMll truly, promptly and fully perform, d~scharge, execute, complete, comply with and ab~de by each and every tMe stipulations, agreements, conditions and tovenants of ssid orom]siory note and of this Mortgage, then this Mortgage and the Estare hereby created ahall ceax and be nult end vo;d. s IT IS UNDERSTOOD that the word "Abwrgagor" whether in the singular or plural snywfxre in this Matgage, shall be singular if one only end ; ihafi be plural jointly and severally if more than one, and that the word "their" as used anywhere in this Mortgage sha!I be taken to mtan "his;' "hers;' or "its," wherever the contcxt so impiies or admits. Alw, that wherever there is a re~erence in the covensnts and aqreementi herein contained to any of rhe parties herefo, tbe same shall be constr~ed to mean as well as the heirs, legal representatives, successws a~d assigns (either voluntary by ~cf of the parties "or invotunfary by operat~o~ of the law) of the same and thae the covenants herein contained shall bind snd the benefits and sdvantsgei inu~e ' ro tFu respective he~rt, legal represenrarives, succeswrs and as~~gns of rbe parties hereto_ 9 And said Mortgago~s, for themseives and their i~eirs, legal representatives, successots and assi9ns, hereby jointly and uverally tovenanf ind agree ro and with the said MORiGAGEE, its successors and assigns: 1. To pay sll and singular the principal and interest and the variova and sundry sums of money payable by virtue of said promisswy note, and this mortgage, each and every, promprly on the days respectiveJy the same seve?ally become due. ~ 2. To pay. all and •~r~gula? the taxes, assessmenb, levies, lisbilities, obligations and encumbrarxes of every nature and kind now on said dewibed property, w thst hereafter may be impoted, suffered, placed, levied, w auessed thereo~, w that hereafter may be levied or assesied upon fhis Mwt¢ ~ age, a the indebtedness secured hereby, exh a~d every, when dve and payable, acco+ding to law, befwe they become ddinquent, and before any interest - aftaches or any penalty is incvrred; AND INSOFAR AS ANY THEREOF IS OF RECORD THE SAME SHAIL BE PROMPTIY SATISFIED AND D~SCHARGEb OF ~ RECORD AND THE ORIGIhAI OFFICIAL DOCUMENT 15U~H A5, FOR INSTANCE. THE TAX RECEIPi OR THE SATISfACT10N ~APfR OffICIAIIY ENDORSFD OR CfRTIFIfD) SHALL 8E PIACED !N THE HANDS OF SAID MORTGAGEE WITHIN TEN pAYS NFXT AFTER VAYMENT; a~d in the event that any thereof is not pa~d, sat'sf~ed and discharoed sa"d MORTGAGEE may at any time pay the same w any part the~eof without waiving or aflecting any option, lien, equ~ty or •~qht under o~ by virtue of tFis mortgage and the futi amo~nt of each and every such payment shall be immediately due and payable ar.d shall bear interest ; ~rom the date thmeof until pa~d at rate o( n~~e per centvm per annum and together w'nh such i~terest shall 6e secured by the lien of th:s morgtsye. t r.~~~ = 3~Ci l ~U ~~''k?~~J ' ~c u~~ , . , r~~~:>r~~:~_-~