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Home My WebLink About2515 , + ~ 6th December A.D. 197_? . ~t~+ THIS ItBDENTURE, M~d~ tAe day of G. B. Gerhard and Dorothy Juanita Gerhard, his wife of Sti LUCi@ , County Florid~, hereinaiter deignated ss the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND IOAN ASSOCIA?ION OF FORT PIERCE, • corpaat~on wg~n~:ed and ex~~~~ng unde~ the laws of tM Unitcd Statas of America ~nd l~aving in p?incipal piacs of busineu in the City of Fort Pi~rc~, St. luca Cou~ty. Flaida, hereinsft~r des~pnate~! as tM "MORTGAGEE:' WHEREAS the MORTGAGOR is justly indebted lo ths MORTGAGEE in the sum of = 28 ~ 90~~00 , good and iawful money of the Un~ted Srates advanced by the MORTGAGEE unro the MORTGAGOR, as evidenced by a certa~n promisswy note of even date herewith, of wh~ch the tollowinp in words and figvres is a trus copy, to-wit: s 2 g~ qpp ~ pp r,~, 10019152 fo?t Pieres, Plaida, ~ecember 6 1972 Fw value received, 1, we w either of us, prom~se to pay, wi~hout defatcat~on, to ~he order of FIR$T FEDERAI SAVINGS AND LOAN ASSOC~ATIO~I OF FORT PIERCE at Fwt Pierce, Florida, the surn of S 2S ~ with interest irom dete at the rate of ~~'e per annum, in monthly instsll- ~nrnts as foltows: S 219 on the 10thday o{ .~d.tltlAY y ~q_ 73 and a like sum on the cwrespond~ng day of each month thefr after until the whole be fully paid. Each installment first shall be applied in payment of the iMerest and then on the unpaid balance of the prinupal s.+m_ If default is made in the ~:ayment of any installment when due, a~d such default conrinues 30 days, then at the optio~ of the holder, and without any other notice, all the remaining ~~stallments shall be d~e and payable at once. Privilege is g+ven to prepay this nole i~ whole ot in part at any time without penalty_ Neither fOrebearance, nor acceptance by the hotder thereof atter any default i~ any payments hereon, shall be deemed extension. A late payment charge of ~~~hall be added fo each inatallment remaining unpa~d 7 days afre~ its due daie, and a like sum shall be added to each such installment remaining unpaid 7 days after each succeeding payment date. Each maker, surery and ernawser hereof, jointly and seve~al~y, wa~ves demand, presentment protest and notice of protesl iw nonpayment, and further agrees to any extension of time of payment, either before or after maturity, without notice to any of us; and to pay all costs of collettion, includ~ng a reasonable attorney's fee in the event of any defauit here~nde?, and hereby severally waives aIl benefit of homestead and exemption under the constitution a~~d laws of each State of the United States, as against this obl~gation w any extension or renewal hereof. Witness the hand and seal of each party. s/ G. B. Gerhard ~aq tsEnU s/ DoYOthv Juanita Gerhard ~A~~ $ 43 . 35 ( ) State Revenue (51a~+p! eawceiled~l? ~gRwPw~s~e) . NOW, THEREFORE, the MORTGAGOR for the purpose of sccuring payment of ssid sum of = 28 ~ 9~~ ~ a~+d the performsnce of the covenants a~d agreements hereinafter expressed, and fw divers good and valuabte conside~ationi, by these pesents, does grant, baryain, setl, remise, release, convey and conf~rm unto the MORTGAGfE, its successois and auigns, all that certain lot, piece or pucel of land, situate, lying, and being in the Counry of St. i.ucie ~nd State of Flw~da, dewibed ~s follows: Lot 7, Block 1, ORANGB BLAS9~M eSTATBS, Second Addition, as per plat thereof on file in Plat Book 14, Page 2, Public Records of St. Luci¢ County, Rlorida ~ i = STATE oF FLO R I DA 1 ; ~ . ~ cy ~ DOCUMfNTARY STAMP TA X~ DEPL OF REVENUE t RECEIYEp IN PAllIYlElft pF j~ ~ - - ~ ON C~ASS'C INTANGIBLE PE?SpN11~, P ~ K~ o ~ Pa =~?EC-7'12 ; 3. 3 5 ~ PURSlWIT TO CWl~t~o 71-13a. 1l^.TS OF 391~1. Rrc d = 11102 - ~ RG~~ _ : ~'011~1•; ~U ~ CIERK CIRCUIT COURI, s;. l~~~t ~p, Fu ~ rogether with all and singulsr the tenemeMS, hereditsments and sppurtances thereunto belonging a in snywise +ppeeisininp thereto, u+d sll rent~, issues, proceeds and profits accruing and to acuue from said premises, all of which are included in the above snd foregany description and habendum. ~ 10 HAVE AND TQ HOLD the above dewibed and granted premises unto the said MORTGAGEf, its succeuws and assigns forever. Md tFw said ~ MORTGAGOR for thQiZ - heirs, e:ecutws, sdminist?ators snd ass~gns, hereby covenants with the ssid MORTGAGEE, its succeasors ~nd ~agro, ~ rhat -~~-~-~tg-- lawfully seized of the ssid premixs in fee simple; that the same are free, desr ~nd discharged from ~II liens and encurn- brarxes in Iaw or in equity, and thst~.}/ will and Q 1' hein shsll warrant snd defe~d the title to the s~ms to tF?e said MORTGAGEE, its :uccessors and suigns, Torever against the lawful claims and demands of al! perwm; PROVI~ED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiuory note hereinbefore described and shall truly, promptly ~ and fully perform, dfuharge, execute, comptete, comply with and abide by each and eve~y the stipvlations, sgreements, conditian ~nd covensnts of said promiuory note and of this Mortgsge, then ghis Mortgage and the Estate hereby neated ti~all u+se and be null and void. ~ IT IS UNDERSTOOD that the word "Mortgagor" wF?ether in the s+ngular or plursl anywhere in this Mortgage, shall be sinyulsr if one only ~nd ~ shall be plur~l jointly a~d sevewlly if mwe than one, and that the word °their" as used anywfxre in this Mortgsgs sh~ll be taken to mea~ "his," "hen;' ~ or "its;' wherever the context w implies or admits. Also, that wherever there is a rcference in the covenanri snd agreemenb herein contsined to any of ~ the parties hereto, the tame shall be construed to mean ss well ~s the heirs, kgsl representatires, s~tcesswt and assigro (either volunt~ry by ~ct of th~ ~ partief or involuntary by oper~tion of the law) of the same and that the covenants herein contained shall bind snd the benefib aod advantages inun ~ ~ ro the respective heirs, legat representatives, succeuors and su'gns of the parties F~ereto. And said Mwtgagors, for themselves and their hein, legal representatives, succeswn snd auigns, hereby jointly and severally covenant snd agree fo and with the said MORTGAGEE, its svccessors and assigns: + 1. To pay all and singular the principal snd interest and the various and sundry sums of money psyable by virtue of said promissory note, and this € ~ ~ ~ mwtgsge, esch and every, prompNy on the days respettively the same sererally become due. 2. To pay all and singvls~ the taxes, useasmenh, levies, li~bilitits, obligations and encumbra~ces of every nature and kind now on ssid desvibed ? ~ property, or thst hereafter may be imposed, suffered, plxed, levied, or a~sessed thereon, w tMt hereafter may be levied a auessed upo~ this Mort¢ _ ~ age, a tl~e iixlebtednesi sec~red hereby, each and every, when due and payable, sccordiny to law, before thty become delinquent, and befon any i+?terest ~ atraches or any penalty is inturred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAIl 8E PROMPTIY SATISfIED AND DISCHARGED OF RECORD AND THE ORIGINAL OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR TFiE SATISFACTION PAPER OFFICIAtLY ENDORSED OR CERTIFIED) SHAtI BE PtACEO tN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYIIlIENT; s~d in the event thaf a~y thereof is not ~ paid, sat"sfied and dischatged sa'd MORTGAGEE may st any time pa~ the same o~ any part thereof without w+iving w affetting any option, lien, equity a •~qht under or by virtue of this mortgage and the fvll amount of esch and every such payment shall be immediately due and payabk and shall bear interest ~ From the dste thereof ~ntil paid at rate of nine per centum per annum and logethe? w~th suth int~e~ ~ ured the lien of th:s morytsye. ~ :~~c~~ P~r"~5~5 ~ n , ~ _ .~.~y~~ "s~,,•ss~- .~»e ~a ~-ss,."-"~.-_ _ ~ ~~a . ~ Y ~ ~ . . _ . .