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Home My WebLink About3228 ~,~~3"191 THIS lAtDENTURE. Made ~he llth _ day of ~cember A.D. 19 72 between James Herschell Gilbert and Elizabeth fi. Gilbert his wir~fe _ •1 ~r 1 • ~ t of SL . WCle County Flor~da, here~naft~r des~gnafed as the "h10RTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, a corporaf~on organized and ea~snng under rF+e laws oI the Un~ted Statos of America and having its principal place of business in the City of forl P~erce, St. luue County, Flo~ida, here~nafter dei~gnated as the "MORTGAGEE:' WN'cREAS the MORTGAGOR is ju3tly indebted to the MORTGAGEE in the sum of S 11 ~ 6~0. ~ , good and lawful mo~ey of the Un:ted S~ares adYanced by ~he 1.tiOR1GAGEE un~o the h10RTGAGOR, as evidrnc.rd by a cerrom prorn~ssory note of even da~e heiewitb,~ of wh:ch the foilowing in ..ords and figur~s is a true copy, to-wit: s_11,600.00 No 10019166 ~ fort Pierce, Florida, ~cember 1~ ~ 19 72 ~ fo~ valve rece~ved, 1, we o: either of us, prom~se to(~ay, without defak~non, to the ordrr of FIRST FEDERAI SAVINGS AND IOAN ASSOCIAiION OF ' iORT PtERCE at Fort P~erce, fiorida, the sum oi s_~ 1~ 6`0` ~ _ ~,,,~h ~nrrrest (rom date at the rate of 7So pe? anrtum, in moMhly install- ~,ents as (ol!oN:: S__96•OO.~ o~ the 10thday ot February jq _73_ and a like sum on the correspond;ng day of each month tF.ere- ~trer unhl the whole be fully paid. \ Each installment t~rs~ shall be applied in payrnent of the interest and ~hen on the unpaid balance of the princ~pal sum. If default is made in the ^~ee.t of any instaliment when due, and s~ch d-rfau!t continues 30 days, then af the opt~on of the ho~der, and wirhout any other noYrce, all the remain~ng ~ ,-:sfallments shalf be d~e and a able at once. PrivLe e~s rven to re a this no~e in whole or in rt at an t~me wi~hout nait Neither forebearance, PY ~9 9 P PY pa Y Pz Y• nor acceptance by tne i:older thereof afrer a~y defa~lt ~n any payments hereo~, shall be dee~.~ed ex~ens~on. A Iate payment charge a` 3 4'~~_, sha11 be , .,~ded to each installment rtmaining unpa~d 7 days after its due date, and a Gke s~m shall be addad to ea:h such instaitment ren:ain~ng un~aid 7 o~~~s after , each Succeedi~g paym.enf date. Each ~naker, surery and endorser hereof, joinlly and severalty, waives dan,and, p~esentment protest and notice of pra~• st :~r np:~ayment, and furtner agreea to any eatens~on of r~me of paymen!, eirher before or after maturity, wiTho~t nohce to any of ua; and to pay all .csts of _~tlection, inctud~ng a ~ ~e,sonable attorney's fee in the evenr of any defauit hereunder, and hereby severalty wa~ves all benefit ot homestead and exemptioa u~dzt thc co~stittnic~ d laws of each S~ate of the Un~ted States, as against fhis obt~9ation or any exfer.s~on or renev~al hereof. , W~tness the hand and seal of each party. S/ James Herschell Gilbert _ ~E,i~ iSEAU S El~zabeth H. Gilbert _ ~sea~~ $17 . 40 (SEnI) ) State Revenue f~i~~ ) NO'JV, THEREfORE, the MORTGAGOR iw the purpost oF securing payme~t of said sum of S 11 ~ 6~0. ~0 and the performance of the ~ covenents and agreements hereinaFter expressed, and for drvers good and valuabte considerations, by these piesents, dces grant, bargain, sell, remise, release, convey and to~firm unto the MORTGAGEE, its succeswrs and assigns, all that certain lot, piece w parcei of fand, sifuate, lying, and be+ng in the County of SZ . 1.UC1Q and State of Florida, desaibed as fotlows: Lot 16, Block 43, SUNLAND GARDENS, Plat No.3~ as per plat thereof on file in Plat Book 9, page 6~, of the Public Records of St. I.ucie County, Florida / R~DA~ ~ S..;.A-t-E oF F 5~ MP jr,>.1 « ~ s- pOCUMENTARY.~`~ ` FECEIVE'J a C 1N PAYtAENT OF 1~ . , ~ ~ ~ ~E ~ Q x ~~:~uE - . ' ~ ~ ~ T: 4 . O I DUE ON CU1SS'C' INTANGIStE PE4"0"'L P~O~~RfY ~ ~ = R& '"C la 1Z I PURSWWI CQ CtUtritK 31-i'sd. k~iS : ~ lcii:. o ~r ROGEP, POITRAC ~ y ~ a -~~:~2 CLEFtK CIRGUIT C(1JRT, S~. Uh:tt ~ 0.. ~t~_ p i i !ogether w~th all and singular the tenements, hered~taments and appurtances the~eunto belong~ng or in anywise appert~ining thereto, and all rents, isaves, p~oceeds and profita accruing and to accrue from said premises, all of which are includcd in the above snd fwegang description and habe~dum. TO HAYE AND LO yOID the above described and granted premises unro rne taid hit~kiislivEE, i?s succeast,rs ar~ assyr.s 4a:e~ss. P.r.d !!a seid 410RTGAGOR for --t fle 1 r executors, admini~frators and assigns, hereby cnvenants with ths said MORTGAGEE, its successo~s and auiyro, s the are r hat y------ law fully se:ze d o f ! he sai d premises in fee simple; that the same are free, dear and discharged from all liens and enturn~ ~ orancee in !aw or in cquity, and that they ~,,,;II and the iz heirs shall warrant and defend the title to the same to the ssid f MORTGAGEE, its successon and afsigns, fwever against the lawful claims and demands of all persons; ' PROVIDED, AlWAYS thst if the MORTGAGOR shall pay unto the MORTGAGEE tF~e p~omisswy note hereinbefore desvibed and thall truly, prompfly a~d fvlly perfo.m, d~scharge, execute, complete, comply with and ab~de by each and every the stipulations, agreements, conditions and covenanta of said prom~sswy note and of this Mo~tgage, then this Mwtgage and the Esrate hereby created shall cease and be null and void. IT IS UNDERSTOOD that the word "Mortgagw" whether in the singular w plwal anywhere in this Mortgage, ~h~ll be singu(ar ii one only and ; shall be plural jointly and severally if more than one, and fhat ?he word "their" as used anywhere in this Mortgsge shall be taken to mean "hi~;' "F?en;' or "its;' wherever the co~text so implies or admits. Alw, that wherever there is s reference in ~he covenants and agreements herein contained to any of fhe parties hereto, the same shall be conatrued to mean as well as ~he heirs, legal representarivet, successors and as~i9ns (either volunury by sq of fhe parties or involuntary by operation of the law) of the same and that the covenants herein tontained shall bind and the be~efits and advantages inv~e ro the respective heirs, legal representatives, svccessors and au'gns of the parties hereto. And said Mortgagon, for themselves and the7r heirs, legal representatives, succes:ws and assigns, hereby jointly and severally covenant artd agiee ro and w~th the said MORTGAGEE, its sutcessors and assigns: 1. To psy all and singvlar ~he principal and interest and ~he various a~d ~undry sums of money payable by virtue of said promisso~y note, and thi~ mongage, each and every, promptly on the days respectiiely the same severally beconx due. 2. To pay all and s~ngutar the taxes, assessmentt, lev~es, liabilities, oWigations snd encumbrances of every nature and kind now on said dewibed j property, q rhat hereaftei may be ;mposed, suffered, plxed, levied, or assessed thereon, d that hereafter may be levied a auessed upon this Mortp- age, a the indebtedness secured hereby, each and eve?y, wF~en due and payable, accord~ng to I~w, before they become delinqueM, and befwe ~ny interest ' anaches or any penalty is incwred; AND tNSOFAR AS ANY THEREOF IS OF RECORD 7Hf SAME SHAII BE PROMPTLY SATISFIED ANp DISCHARGED OF ! RFCORD ANO THE ORIGIrAI OFFICIAI dOCUMENT (SUCH A5. FOR INS7ANCE, TME TAX RECEIVT OR THE SATISFACTION PAPER OFFICIAtI'f ENDORSED OR GERTIFIED) SHAII BE PIACED IN THE HANDS OF $AID MORTGAGEE W11HIN TEN DAYS NEXT AF7ER PAYMENT; and in the event that sny the~eof Es not ua~d, sat'sf;ed and diicharged sa'd MORTGAGEE may at a~y time pay the same or any psrt thereof without waiving w affecting aoy option, lien, equity or •~qht u~der or by virtue of this mortgsge and the full amo~nt ot ea~h and every iuch payment shall be immediately due a~d payable and shall besr interest ~~om rhe d~te thereof untii pafd ar rate of n~ne per cenrum per annum and +oqerher w~~h such y~tc~es'~1~ secured ~~,yen of th:s morgtsge. 30v!c ~.U~ P;,CE ~.tj ~ _ t _ = _ ;.:~rt