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Home My WebLink About2405 . ~43~bU THIS INDENTURE. Msdr the 4th day of f~c~ramhar A.O. 19 7~ - betwean ~onald C. French and l.ietda W. French, his w.3 fe of St. LUC1@ Counfy florida, hereinaftet desg~ated as fhe ''MORiGAGOR," and FIRST fEDERAL SAVINGS ANU LOAN ASSOCIATION OF FORT PIERtE, a co~pwatio~ arganized and ea~sti~x,~ under the taws of the United StatQi of America and hsv+ng itt pri~cipai place of business in ths City of Fort P~erce, St. lucie County, Florida, hereinaiter designated a• the "MORTGAGEE:' WNEREAS the MORTGAGOR is justly indebted to tha MURTGAGEE in the sum of S good and lawful money of the Un:led States adranced by the ldORTGAGEE unto the MORiGAGOR, as evidenced by a cerlam promisswy note of even date herew~th, of which the following in sord2'O~u.OO a trve coPY, to-wit: 1 CN5r1 O 1 d 1 fort Pierce, Flwida, ~cember 4 ~q.J,2„_ For ~alue received, 1, we or either of us, prom~se ro pay, v~irhovt defalca~~on, to ~he order of FiRST FEUERAL SAVINGS AND Ii~AN A550CIAT1:1N OF FORi PIERCE at fort Pierce, Fiorida, the sum of s__- 2.t_0~!~- w~th ~n~rrest from date at the rate of 7•7~ per anaum, in rr,oNhly ~^st+~l- ~»enrs a~ follows: S- 17 on ~he 1St day of February ~9_73_ a~d a like sum on the corres~ar~~ng day of oach morofi ~he:e- after uNil the whole be fully paid. Each installment fi~st shall be app!~ed in payment of the interest and then on the unpa~d belance of rhe princ~pa! sum. If default is made in the ,•a~ment af any ~nsta!lment when due, and such drfault continues 30 days, then at the option of Ihe ho~der, and without any other notice, all the remaining ~~srallments shalt be due and payable at once. Privilege is given to prepay this note in whole or in part a~ any t~me without penatty. Neithe~ faebearance, no. acceptance by the holder thereof after any defau~t in any payments hereon, shall be deemed extens~on. A tate payment charge of S_- ' 8S . shall be ~,d~:d to each insta?Ime~t reneaining unpa~d 7 days afte? its dua date, and a I~ke su~n shali be added to each such installment remaining unpaid 7 day~ afte~ each succeeding pay~r.en! date. Each maker, surety and endorser hereof, jointly and severally, wa~ves demand, presentment protest and nofice of protest iw nonpaymenT, and further agrees to any extens~on oi time of payment, eirher befo~e w after matu~i?y, witho~t not~ce to any of us; and to pay all costs of collection, includ:ng a r~~,~sonabte attorney's fee in thr evero of any defaurt hereunder, and hereby seve~ally waives all benefit of homestead and exemption under the tonsl~tution ~::d taws of each Srate of the United States, as against this obligation w any extensio~ or renewat hereof. Witness the hand and seal of each party. Sy,LR~.,..~ 1 ~l r c~......r, (SEAI) (SEAI) (SEAI) $ 3.00 s/ Linda W. French ) State Revenue . ~1f7CXa01lS07d)q~~D!}Ui~C NOW, THEREFORE, fke MORTGAGOR for the purpose of securing payment of said sum of S 2 r 0~ • OO _ and the performance of the covenants and agreements hereinaf~er expressed, and tor divers gwd and valuabie cona~derotions, by fhese prese~ts, dces grant, bs.ga;n, aell, remise, refease, conrey and confirm unto the MORiGAGFE, its successors and assigns, atl that certain lot, piece w parcel of land, situate, lyirg, and being in the County of S~ . ~.11C 1@ and State of Fbrida, dewibed as follows: I.ots 20, 21, 22,_ and 23, Block C, ULRICH StBDIVISION, as per plat thereof on file in Plat Book S, Page 64, of the Public Records of St. Lucie County, Florida This is a second mortgage, subject to a first mortgage executed by Robert M. Phillips and Barbara A. Phillips, his wife to First Federal Savings and Loan Association of Fort Pierce, dated October 15, 1971 in the a~aount of $17,000.00 filed October 21, 19~1 in O. R. Book 196, page 1684. ~ « STATE ~F FLORIDA ~ oZ N OOCUMENTARY,/,-°~:~~STl~MP Tl,? ~ ~ c ~ QEPT. OF REVENUf • :,t ` D(~ p~ . 111 PA ~r - = PQ =~:iC-i'i2 ` " O 3. Q O ~ PI/RSG61fl(~~ jiUYG?BLEr~';r~ , ~ = 11102^ f~ r iE4 II-]33, ACT P~tt+ ~ ° - t ~ER POITRAS S Of 291L ~t, 4 q.ERK CtRCtIIT OQl1RT Sf. IUCIE Cp / ~ i ~ I E rogether with all and singutar 1he te~ements, hereditaments ancl appurtances thereunto betonging w in anywise appe~tainirg thereto, ind all renri, iuues, ~ proceeds and profirs accruing and to accrue ~rom said premises, alt of which are included in the above and foregoing desuiptio~ •nd habe~dum. l € TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its successas snd sssig~s fwever. Md the s~id ' '.1QRTGAGOR for thoi r____ ~;~s, executors, admi~istrators and assig~s, hereby covenants with the said MORTGAGEE, its successon ~nd auiy~n, i that -~~~y--~~-- lawfully seized of the said premises in fee simple; that the same are free, ciear and dixharged from sll liens and encum- i brances in law or in equity, and that~- wi~l a~d t hP1.Z- heirs shall warranf and defend the title to the same to the said € MORTGAGEE, its suctessors and assigns, forevtr against the lawful claims and demands of all persons; PROVIDED, AlWAYS that if the MORTGAGOR sF~all pay unto the MORTGAGEE tFu promissory reote hereinbefwe described snd shatl trufy, promptly and fully perform, d~scharge, execute, comptete, comply w~th and ab~de by each and every the_stipulations, agreements, conditio~s and covenants of iaid promissory note and of this Mortgage, tF~en this Mortgage and the Esrate hereby created sball ceass arwi be null and void. ~ IT IS UNOERSTOOD that the wwd "Mortgsgw" whcther in the singular a plural anywhere in this Mortgage, shall be si~gvlar if one only and shall be plural jointly snd severally if more tha~ one, and that the word "tF~e~~" as used anywhere in this Mortgage shsll be faken to mesn "his;' "hen," or "its;' wherever the context w implies w admits. Also, that wherever there is a ~eference i~ the covenann and agreements ixrein contsined to sny of rhe partie~ he~eto, the same shatl be construed to mean as well as the heirs, legal reoresentstives, svccessws and a~sgns (eithe~ voluntary by act of ths parties or involuntary by operat~on of the law) of the same and that the covenants herein contained shsll bind and the benefits and advantaget inure s to the ~espective he~rs, legsl rep~esentatives, svccessors and ass'gns of fbe pa?ties hereto. ` And said Mortgagors, for themselves and fheir Fxirs. legal representatives, svccesso?s and assigns, hereby jointly and xverally covenant and agree ~ ~o and wifh the said MORTGAGEE, its success~s a~~d assigns: - 1. To pay all arx! siryutar the princ:pal and inte~est and the various and sundry sums of money payabte by virtue of said promissory note, and thi~ t mongage, each and every, prompNy on the days respectively tbe same severally betome due. ~ 2. To pay aN and iingular the taxes, assessmenn, levies, liabi~it~es, obligations and encvmbrances of every nature and kind now on said dewibed property, w thaf F~ereafter may be imposed, suffered, plxed, levied, w auessed thereon, or that hereafter m~y be levied a assessed upon this Morl¢ age, w the indebtedne:s secured hereby, each and every, wi~en due and payable, according to law, befae they become delinqueM, and befwe •ny iMerest at~zches w any penalty is incurred; AND INSOfAR AS ANY THEREOF IS OF RECORO THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF ; RfCORD AND TME ORIGlhAL OfFICIAI DOCUMENI (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTtON PAPER OFFlCIALIY ENDORSED " OR CERTIFIEDj SHAII 8E PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; and in the event that any tF~ereof is not t paid, sat sfied and discharged sa'd MORTGAGEE may at any time pay the •ame or any part thereof without waiving or affecting any option, lien, equify w •~~ht under or by virtue of this mortgage arsd the {ull amovnt of each and every such payment shall be immediately due and payable and shall bear interest ; s~om the date thereof until paid at rate of nfne per ce~tum per an~um and togNher w;th such ir~terRSt sccur~d~b~F~e~n of th:s morghye. ` ?~~r~~~ rhCE UT ~ ; ..r ~ _ ~ ~ ` ' - ~~''s.€'-k~'fi'`s[.r'~~•_~'„"'~ ~ 'i'~.~i..` ` ~'~3t ~ ~ ~ ~ '~-s~.~~. a--r.r