HomeMy WebLinkAbout2519 ~c.~f~a~a
THIS INDENTURE. Made ~he 7L~1 day~~ - DeCf.'ID~= A.D. 19~~., be~w~
Joseph Ferguson and Hazel Feryuson, his wife •
of _ $t . Lucie ,~punty fiorida, here7naiter dcs~~at~ as the "MORTGAGOR." and FIRST FEDERAL SAVINGS AND IOAN
ASSOCIAitON OF FORT PIERCE, • corpwation oryanized end exiiting under the Isws of the Uni~ed St~tot of Art+erica •nd havi~g iri principal place of
busi~ou in the City of Fo~t P~ace, St. Lucie Cornty, Florida, hereinaiter des~g~a~ed aa the "MQqTGA9G~'. ~
WMEREAS the MORTGAGOR is jvaily indebted to the MORTGAGEE in the sum of S 11 ~ , good and lawful monny of the Un~ted
S+ates advanced by the MORTGAGEE unto the MORTGAGOR, as evide~urd by a certa~~ p~omisswy note of even data herewith, of wh~ch the following in
words a~d figures is a true copy, Io-wit:
= 10019156
11.900.00 Fort Pierte, Flaida, ~ecember 7 ~ ~y 72
Fa value received, 1, we or either oi us, promise to pay, without defafcat~on, to the order oi fIRST FEOERAI SAVINGS AND IOAN ASSOCIATION OF 1
FORT PIERCE at Fo.t Pierce, F:or~da, thc sum of S 11 ~90~•~~ w~~h ~nterest (rom date at the rate of 7• 5 Yo per annum, in monfhly install-
~•,a~us as foI!ows: S- 96•~ on ~he 1~Lh day of 1Na,reh ~9__73 and a I]ke sum oo the carespond~ng day of eacb,month there-
airer untit the whole be fully paid.
Each installment first shall be applied in payment of the interest and rhen on the unpaid balance of tFr. princ~pal sum. If ilefaulf is made in the
F:ayment of any instatiment when due, and such defauh continues 30 days, then at the opt~on of the holder, and without any otFxr nolice, all the remaining
n;raitmeNS shall be due and payabte a1 o~ce. Privilege is given to prepay this rate in whole or in psrt at any time without penalfy. Neither forebearance,
no~ acceptance by the hofder thereof after any deFault in any paymenti hereon, ahall be deemed extension. A late payment charge of S 4• 8O shall be
: c~ded lo each installment remaining unpaid 7 days aiter its due date, and a like sum shall be added to each such installment remaining unpaid 7 days after
each svccced"+ng payme~t date.
Eacn maker, surety and endorser heroof, jointly and severally, wa'~ves demand, presentment protest and notice of protest fw nonpayment, and furtFur
agrees to any extension of time of payment, e~the~ before w after maturity, without ~ot~ce to any of us; and to pay all costs of collection, including s
reasonable attorney's fee in the event of any defauSt hereunder, and hereby severally waives all benelit of hoir:estead and exemption under the constitution
,:~d laws of each State of the Unifed States, aa against this obligation w any extension or renewal hereof.
Witness the hand ar+d seal of each party.
Jos ~h Ferauson ~aq
(SEAI)
(SEAIl
s Hazel Ferguson ~
~ 1'7 . 8 5
NOVY, THEREFORE, the MORTGAGOR fo? the purpose of secvring payment of said sum of = 11~.90Q~n0 and the performance of tM
covenants and agrcements here7nafter expressed, and fo~ divers good ar.d valuable considerations, by theu presents, does grant, bar9ain, tell, remise,
re!ea:e, convey and confirm unto the MORTGAGEE, its successors and assigns, aIl that certain lot, piece or parcel of land, situate, (ying, and being in the
Counry of St . L't]C le and S~ate of ffor~da, desu~bed as follows_
1.oL 10, of Block B, of EDGEWOOD PARK, according to the Plat of said
Subdivision recorded in Plat Book 4, Page 72, of the public records
of St. Lucie County, Florida,. ~
N STATE oF ~LORltDA ~
; DOCUMENTARY .-a.~ .STAMP TA x ~
E =r DEPT. U~ REVEMUE • f-
~ K~ = = s ~ - ~ = I 1. 8 5 ~
' ~n ° ~ P.B. . ' : ~
t a = 1110?
~ ~
~ 0 u~ ~~rr a nn~
~ ouE oM cu?~s ~ nrt~i~c+n~ p~. raa~tacn~
r PURSl1ANj TO C11A!'TfR 71•134, AC1$ OF IS~1.~!/
ROGER PORRAS ~
CLERK CIIiq11T COl1i1T. ST. LUClE 00. il~ }
rogether with all and singular the tenement~, hereditaments and appurtances thereunto belagirg or in ~nywiu appertsining thereto, and al) rents, issues,
proceeds and profits accruing snd to acvue from said premius, all of which are included in the ebove and foregoing dewiptwn and habendum.
TO HAVE AND TO HOLO the ~bove desuibed and granted p?emises unto the said MORTGAGEE, its successors and ~ssigns foreve?. Md tM sald
their
ti50RTGAGOR fa heirs, executors, administrators and assig~s, hereby tovenants with the s~id MOR7GAGEE, its successon and astipro,
~ }hat - th ~ a te - lawfully sei:ed of the said premises in fee simple; that the same ero free, clear and discharged from all liem and encv~r
~ brances in law or in equity, and that they W~~~ a~ their heirs shall warrant snd defend the title to the ssme to the aid
~ :J10RTGAGEE, its successors and auigns, fwever against the lawful claims and
de-msn of all persons;
~ PROVIDED, ALWAYS that if the MORTGAGOR shall psy unto tF~e MORTGAGEE the promisswy note hereinbefwe destribed and shsll t?ul tf
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and fully perform, diuharge, execute, complete, comply with and abide by each and every the stipulstions, agreements, conditio~s and covensnb of iaid
promwsory rate and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and wid.
~ IT IS UNDERSTOOD that the wad "Matgagor" whe~her in the singular or plural anywhere in thit Mortgsge, shall be singular if one only and
> shall be ptural jointly and severally if mae than one, and that the word "the~r" as used snywhere in this Mwfgage shall be taken ro mean "his;' "hen;' ~
or "its;' wherever the context w implies w admits. Also, thst wherever there is a reference in the covenants and agreements herein cw?tained to any of
~ rhr psrties hereto, the ssme shall be construed to mean as well as the heirs, legal r~presenta~ives, successon and sssigns (either voluroary by act of the
~ pa~ries or involunary by operation o~ the law) of the ssme and that the covenants herein contsined shall bind and the benefiti and advaMSgq inure
~ ro the respective hei~s, legal rcpresentatives, successors and au'gns of the parties hereto.
~ And said Mortgagors, for themxlves ar+d their heirs, legal representatives, successors ~nd assigns, hereby jointly and severally covenant and syree
~ to and with tt~e said MORTGAGEE, its successors and assigns:
~ 1. To psy all and iingular the principal and iMerest and the variovs and sundry sums of mwxy payable by virtue of said promisswy note, ~nd thif
~
~ mo~tgage, esch and every, p~omptly on the days respectively the same severally become due.
2. To pay all and singvlar the taxes, sssessments, levies, Iiabilities, obligstions snd encumbrances of every nsture and kind now on said described
property, or thst hereafter may be imposed, suffered, plsced, levied, or aueued thereon, or th~t heresfter msy be levied a assessed upon this AAat¢
~ age, w the indebtedneu secured hereby, eacf? and every, when due and payable, +ccording to law, before they bccome delinquent, and befae any G+tereit z
a+raches w any penalty is incurred; AND INSOFAR AS ANY THEREOF f5 OF RKORD THE SAME SHALL BE PROMPTIY SATISFIED AND OtSCHARGED OF
RECORD AND THE ORIGlhAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFAtT10N PAPER OFfIC1ALlY ENDORSEO
~ UR CERTIfIED) SHAII BE PIACED IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMFNT; and in the event that any thereof is no1
~ pa~d, sat'sfied and discharged sa:d MORTGAGEE msy at any rime pay the sane w any part thereof without w~iving o~ affetting sny option, lien, eqvity or
•~qht ~nder or by virtue of this morrgage and the full amovnt of each and every such payment shall be immediately due and payable ~nd shall besr interes~
~ jrom the date the?eof v~til psid at nte of n~ne per centum per annum and together w~th suth intereit shall ~{tc the iien or9/a9e.
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