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Home My WebLink About3224 3'7~9 TNIS INDENTURE. Made the 8th day of _ DeC~mbE~r _ A.D. 19 72 be~ween PEARL CONSTRUCTION CO. INC.1 a Florida Cor2o ration o~ St• Z.L1C1P. County Florida, hereinafter desiyna~ed as the "MORTGAGOR," and FIRST fEDERAI SAVINGS At~D LOAN ASSOCIATtON Of fORT PIERCE, a corporat~on wganized and ex~sr~nq under ehe laws of the Un~ted Statos of Mierica and having its principal ptace of business in the City of Fort Pierce, St. luue County, Flor~da, hertinafier des~gnated as the "MQRTGAGEE:' WHEREAS the MORTGAGOR is justiy indebted to the MORTGAGEE in the w:+ of S-2a~ 2~ • ~0-___, good and lawful money of the Un;ted States advanced by the MORiGAGEE unto the MORTGAGOR, as ev~drnced by a cerram prom~sso~y note of even d3te hrrewith, of wh~ch the foilowing in ~ords and figures is a true copy, towir: s24,200.00 ~ 20019163 fort Pierce, Flwida, December 8~ ~y72 For va~ue ~ece~~ed, I, wr or either of vs, prom~se ro pay withoul defalc:,t~on, to the order of fIRST.fEDfRAt SAVINGS AiVD LOAN ASSOCIAIION OF FJRT PIERCE a1 Fort P~erca. F;orida, the sum of 5_ 24~?~'~.__ w.th in:c~est from date at the rate of ~_'_5'o per anaum, in moMhly install- ~,ents as fol!ows: S-- 295'~ _ on the 10thday of '~~r~h 19-_73_ and a like sum on the correspond~~g day of each month there- e'ter unril ~he who!e be fu~!y paid. Eath installment first Shall be appt~ec+ in p~yment of tha ir.terest and then un the unpaid balante of the princ~pa) sum. If default is made in the ~,,.ti .~ofa~~l~ ronf~nues 30 davs, thcn at the uption of the ho+der, and wifhout any other n~tice, aN the remaining ~~~sra!lments shail be due ond payauie at once. Priv~lege is givcn to prepay th~s note in whole or in part at any t~me without µ=~alty. Ne~ther forebearance. nor atceptance by the ho~der the~eof a~rer any defau~t in a~~y payments hereon, sha!I be dcemed extens:on. R latc payme~t charge of S_9'~S-, shali be ::i;iad to each instailme~t remaining unpa~d 7 days afrer its due date, and a I~.e sum shall be addad to each such ir.stailmenr remaining unpa;d 7 days after eath succeeding payment date. Each maker, surety and enderner hereof, jo~ntly and severalty, wa~ves clcmand, presentment protest and notice of protest for nonpayment, and further agreea to any eztension of t~~ne of payment, eitner be:fore or after matunty, without not~ce to any of ut; and to pay aU coats oi collection, includ~ng a <<~asonabte atrorney's fee in the event oF any defau't hereunde~, and hereby sevrraity waives all benefit of homestead and exemption under the constitution ~~d laws of rach Srate of the Unired States, as aga~~st this obGgation or any exiens~on or renewal her . Witness the hand and seal of each party. P C~S~(fCTI~N C0~ ~_xNC ~ ~ 1$FAI~ ~or~or~t,e QAQl ~ffii~ad BY: S/ Gary L,. Pearl, .~s'ia~nt~~~ ' (Se/?U ATTES~: S Philip Pearl, ~te` taryM ~U ~ $36.3~ ~ Stat~ Revenue ~s~~~ ~ued ~ o~~~~~ ''T,14ea su re r ~ . 24 200 00 ~ " Y. = NOVV, THEREFORE, rhe AAORTGAGOR fw ~he purpose of securing paymem of sa;d sum of i ~ • , and thq.pe~Formsnqe ef the ccvenants and agreements hereinafter exp.essed, and for dive~s good and valuable cons~deretions, by these presents, dces yrafit, 65~qp~1l sell,: remise, ~eiease, convey and confhm umo the MORiGAGEE, its successors a~d ass~gns, all that certain lot, piece or parctl of land, sitvats, lyir?g, ~and blJ+~q~?n the Cc~nry of St . LUCle and State of Fbrida, desuibed as follow~: East 48 feet of Lot S and the West 36 feet of Lot 6, Block 4~ SILVER LAKE PARK SUBDIVISION, according to Lhe plat thereof recorded in Plat Book 10, page 4, of the public records of St. Lucie County, Floric~a, ~ w s ~ STA1-E OF or DOCUlV~FNTARY ~L--~R~~A ~ RECftVED e IN PAYMENT OF TN(R ~ „ `n . s~ O~Pi.OF ;?EVEtYVE `r; ..SIAMF T~ia. ; ~ - ~ i~11E ~N CLASS 'C' IMTIINGIBIE PERSONAL PROPER(Y. ~ ~ 0 1~R =~~;CIS 7~ gr g ~ pUR$UAPIT TO CHAPTER 71-134. ACTS OF 19I1. j~ o = ~!~~2 ~ ~ J ~7• ~7 Q + ROGER POITRAS ~ ~ _ ~ CtERK CIltCt11T COURT, ST. UJCIE C0, flJl, ~ !agether with all and sinqular the tenements, hereditaments and aopurtances thereunto belcx?ging a in enywise appertaining thereto, a~d all rents, iuues, proceeds and prof~ts accruing and to accrue from said prem~ses, a(I of which are included in the above and forego+ng description and F~abendum. ~ TO HAVE AND j0 HOID the above descr~bed a~d granted premises unro the sa+d MORTGAGEE, its successors snd assigns forever. And the s~~d ~.~.ORTGILGOR for 1 t S------ he~rs, executws, administrators and assigns, hereby covensnn with the said MORTGAGEE, its succesw~s and suig~s, ' rhat - 1 t 15 lawfully seised of the said premises in fee s~mple; that the same are free, cfear ~nd discharged from all litns and encum- brances +n !aw or in equity, and that lt will and lt 5 _ _ heirs shall warrant and defend the title to the same to the ssid AM1ORTGAGEE, its successws a~d ass+gns, forever against t1x lawriul claims and demands of all persons; PROVIDED, AlWAYS ~hat if the MORTGAGOR shall pay unto the MORTGAGEE the promiswry note herei~before described ar~d sha!! truly, promptly and fully perform, d~scharge, ezecute, complete, comply w~th and ab~de by each and every the stipulations, agreements, conditions and covenants of taid prom~sswy note and of this Mortgage, then this Mortgage and the Estate hereby crested shall cesse and be null and void. IT IS UTlDERSTOOD that the wwd "Mortgsgor" whether in the s~ngular or plural anywhere in this Mwtgage, :halt be singular if one only snd shall be pfural jointty and severally if more than one, and that the word "their" as used anywhere in this Mortgsge shall be take~ to mean "his;' "hers;' or "its;' wherever the context so implies or admits. Also, that wherever there is a referente in the covenants and agreements herein contained to any of ~he parties hereto, the same shall be construed to mean as wefi as the heirs, legal repreuntarives, successors and assigns (eitber voluntary by act of the partic~ o~ involuntary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and advanisges inure ~o the respective heirs, legal reprexntatives, successors and ass~gns of the parfies hereto. ; And said Mortgago~s, for themxlves and their heirs, legal representatives, succeasors and sssigns, hereby jointly and severa!!y covenant and agree ! ro and wirh fhe said MORTGAGEE, its svccessws and assigns: 1. To pay s11 and singular the prirxipal and inte~est and the various and sundry sums of monay payable by virtue of said promissory note, ari this mortgage, each and every, promptly on tlx days respect~vely the same severally become due. ` 4. To pay all and s~ngular the taxes, asiessments, levies, li~bil~ties, obligations and encumbnnces of every nature and kind raw on said described properfy, or thar hereaftsr may be ;mposed, suffered, plxcd, levied, or asussed thereon, d that herea(ter may be levied or assessed upon this Mortq- age, w the indebtedness secureJ he?eby, exh and every, wAen due and payable, acco?ding to Iaw, before 1Fxy brcome delinquent, and before any interest arraches or any penalty is incurred; RND tN50FAR AS ANY iHEREOF IS OF RKORD 7HE SAMf SHALL BE PROMPTLY SATISFIED AND DISCHARGED OF RECORD AND THE ORIGIhAI OFFICIAL OOCUMENT (SUCH A5, fOR INSTANCE, THE TAX RECEIPT OR TME SATISFACTION PAPER OfFICIALLY ENDORSED OR CERi1FIED) SHAII BE PLACEO IN THE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT Af1ER PAYMENT; and in the event thaf any thereof is not ' paid, sat sFied and discharged sa d ti10RTGAGEE may at any tlme pay ~he tame or any part thereof without waiving w affecting any option, lien, equity or ~+qht under or by virtue of this ma.tgage and the lu!I amount of each and every such payment shall be immediately due and payable and shall bear interest ~~om rhe date rhereof untef pa;d at ra~e of n~ne per ce~tum per annum and rogerhe. w~th ~c1~intq all be secu~d_b~the lien of th:s morgtsge. • 90ur ~G~~ PACE ~ j _ ~ : : : . _ :