The URL can be used to link to this page

Home My WebLink About3484 2~3939 ~ THIS InDENTURf. Made the Z 1 Lh day of ~C ~'nt~C r • A.D. 19 72 between ` TomnY Ray ~fcDonald and ~farc~~~ret McDonal~ his wife of St . Luc ie County Flor'~da, hereinafter des~yn~red as the "M~T AfiOR,~'• a~d~ HqST fjEOERAI SAVINGS AND IOAN ASSOCIATION Of fORT PIERCE, a corporotiun organixed and ex~s~~ng unde~ the Iaws of the V~~ted~a~os bf America and having its pri~cipai ptaca of b~siness in the Ciy of Fart Pierce, St. Lucie Ccunty, florida, hereina(re~ des~gnaied aa the "MORiGAGEE:' WFffRfAS fhe MORTGAGOR is justly indebted fo ~he MORTGAGEE in the sum of S 28z5~~.~ , goad and lawful monay of the Un:ted S~ares adranced by the A10RTGAGEE unto the MORTGAGOR, as evidanc~d by a ceri,~~n promisscuy note of ev~n date herewith, of wh~ch the foilowing in .,o~ds and f~gures is a true copy, to-w~t: = 28 ~500 00 ~ • No 10019171 Forf P~e~ce, flwida, December 11.,* t9__Z2 For val~e received, 1, ~ve or either of us, prom;se to pay, without defa!cat;.;t., to the order of fIRST FEDERAL SAVINGS AND LOAN ASSOCIAT10~1 OF ~:~RT PIERCE al fort Picrce, Florida, the sum of 5-2},~8-s 5~!~~ _ w~~h in~rrP•~ irom date at the rate of 7•~~er annum, in monthty install- .•~,rs as io!!ows: S_234.00__ on the l~t•8ay of February 19_ 73 and a like wm o~ the co~responding ::ay of each montF ihe~e- arrrr uroil the whole be fuliy paid. Each insral(ment first shall be appliad in payment of the inferest and then on the unpa~d balance of the p~incipal sum. If default is made in tF~e ' ,;~nent of any installment whrn d~e, and such defauN continues 30 days, then at the optio~ of the holder, and without any mher not~ce, all the remaining •.srallments shall be due and payab:e at once. Privilege is givan ~o prepay this note in whole or in parf at any l7me without penalfy. Neither fotebearance, nor acceptance by thz f:older thereoi after any defauit in any paymenrs hereon, shal! be deemed extension. A late payment charge of ; 11 •7O, shalt be ;ici_d ro each ~nsraiiment remaining unpa~d 7 days a4ter its due date, and a tike sum sha~l be added to each such instailment remaining vopaid 7 days after r.t:h succeeding payment date. Each maker, surety and endo~ser hereof, joint(y and severalty, waives demand, prescr,tment protAS? and nol~ce of protest for nonpaymeM, and further >3rQes ro any eatension of t:~re of paym.eM, eirher be(ore or after matur~ty, wiihout not;~e to any of us; and to pay aU costs of co:lection, includ~ng a ~se:~able attorney's f~e in the eveQt of any defau~t hereunder, and hereby severally waives all benefit ef homestead and exemprion under fhe constitu0ion ci laws of each Srare ef the Un~ted Srares, as aga;nst this obl~gation or any extens~on or renewal hereof. Witness the kwnd and sea~ of each party. S/ Tommy Ray McDonald (SEAI) {SEAL) S/ Margaret McDonald t~~~ $ 42 . 7 5 ts~a~) - ) Stare Revenue Srnmpa tancelled pn original note) NO'.Y, THEREFORE, the tAORTGAGOR !or the purpose of securing payment of said sum of S 2'8 s S~~ , and ti?e performance of fhe ;cvenants and agreements hereinaiter expressed, a~d for divers good and va~uable conside~a/ions, by 1tN!ae presents, dces grant, bar9ain, sell, remise, •e:ease, convey and confirm unto the MORTGAGEE, its successors and assigns, all that certain IoL piece or partel of land, situate, lying, and being in the Co~nty of St . Luc ie and State of Florida, deavibed as follows: Lot 78 of the Subdivision of Section 5, Township 36 South, Range 40 East, made by Franklin Sheen, C. S. and plat thereof recorded September 19, 1908, in Plat Book 1, page 23, of the St. I_ucie County records, containing 10 acres, more or less, ? oF FLOR~~~':1 m ST ATE ~Y..~°~.STa._.._ M~P ~.1 ~ ~ocuM~NF~~ ~ ~ • ~ 'JEFT.O R = . Z• 7 5 I s ~ - ~ : ?!i'It . ~ • ' ! OO -~c~ P~. • RECEIYED j~.~~7 IN PAYMENf OF TAXES in =~~tnZ ° ^ DUE ON CUSS'C' INTAN6IBLE PERSONAL PP.OPERIY, PURSiIANT TO CItAPTER 71-t34. ACTS OF l9/1. ly ROGER POITRAS ~~~J _ CIERK CIRCUIT COURT, S(. IUCIE (:0., FLA~ i E ! rogether with ail and singular the tenemtnts, hereditaments and appurtances thereunto belongirg or in anywiu appertai~ing thereto, and sll rents, issues. p~oceeds and profits accruing and to accrue from said premises, all of which are included in the above and foregoing description and habendum. TO HAVE AA~~~pID the above described and granted premises unto the said MORTGAGEE, ifs successors and auigns forever. And the s~id : :10RTGAGOR fw heirs. CxKUto?f, administ~atO~S and assigns, hereby covenants with the said MORTGAGEE, its aoccesson ~nd aaiyro, S ,;,at _ th~_are__ ~dWf~ny se~zed of the said prem~ses in fee simple; tFut the same are iree, ciear and discharged from all liens and encum- b~ances in law or in equity, and that thE''y will a~d _their htirs shall warrant and defend the tetle to fhe same to the iaid [ v!OR7GAGEF, its successors and auigns, forever against the lawf~l claims and demands of all persons; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiuory note he~tinbefwe described and shall fruly, promptly and fully perform, d~scharge, execute, complete, comply with and abide by each and every the ttipulations, agrternents, tonditions and tovenants of ~aid Grom~sswy rate and of rhis Moifgage, then this Mortgage and the Estate hereby created shall ceax and be null and void. ~ )T 15 UNDERSTOOD that the wwd "Mortgsgor" whether in the singular o~ plu~al snywhe~e in this Mortgage, shall be singular if one only and ~ shall be plursl jointly and severa!{y if mwe than one, and that the word "iheir" as used anywhere in this Mortgsge shall be tsken to mea~ "his," "hers;' 2 or "irs," wherever the co~text so implies u admits. Also, thaf wherever there fs a reference in the covenants and agrcements herein contai~ed to any of fne parties kereto, the same shall be construed to mean as wel{ as the heirs, Itgal representatives, succeuors and assigns (either voluntary by act of 1he carties or involuntary by opaation of the taw) of the same and that the covenants herein contained shall bind and ?fie benefits snd ~drantagp in~re t ro the respective heirs, legal representatives, successors and ass~g~s of the parties hereto. - And said Mortgagors, for themxlves and their heirs, legal representatives, successors and assign~, hereby jointly and severally covenant ~nd agree ro and with the said MORTGAGEE, its successas and assigns: 1. To pay afl and sing~~lar thc principal and interest and the various and sundry sums of money payable by virtue of ssid promissory note, and thi~ mortgage, each and every, prpmptly on the days sespectively the same severally betome d~e. 2. To pay all and ~ingvlar the taxes, assessments, levies, liabilities, oWigations and encumbrances of every nature and kind now on said dewibed ~ property, a that hereafter m~y be imposed, suffercd, placed, levied, or assessed fhereon, w that hereafter may be levied or assessed uppn this Morty- ' a~e, or the indebtedness secu?ed hereby, exh and every, when due and payable, accwding to law, befwe they become deli~quent, and before any interest ? ~'raches w any penalty is incurred; AND fN50FAR AS ANY THEREOF IS Of RKORD THE SAME SHAII BE PROMPTIY SATISFIED AND ~ISCHARGED Of RECORD ANO THE ORIGIfvAI OFFtCtAt DOCURAENi fSUCH AS, fOR INSiANCE, TNF 7AX RFCEIPT OR THE SATISfACTtON PAPER OFFICIALIY ENOORSED OR CERIIFIED) SHAII BE PLACEO IN iHE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; and in the event that any thereof is not ~a~d, sarsf~ed and discharged sa d MORTGAGEE may at any t~me pay the same or any part thereo/ without waiving ar a((ecting any option, lien, equity or ~-qht under or by virtue of this mortgage a~d the full amount of each and every such payment shall be immediately due and payable and shall bear interest ~•om the date thereo4 until pa~d at rate of n~ne per centum per annum and together w~~h suca; inter~~~ e~ red lien of th:s morgtsye. a~ M ~ ( L/ ~L_ P.~f. _ ~°~-j ~