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Home My WebLink About5137 ~~vV~y ~ THIS INOENTURE, AMds the liLh day of December A.D. 19 72 between Devitt J Adams and Jennie M. Adacns, ~iis wife _ _ n~~ • ~ • 3. of 5t . ~.UC1Q County flw~da, here~nafter des~~nated as the "MORTGAGOR:" and FIRST FEDERAL SAVINGS AND IOItN ASSOCIATION OF FORT PIERtE, a corpwatio~ organizcd and ex~s~~ng unde. the laws of the Un+ted Sta~oi of America and havinq in pincipal p1sc~ of b~siness in the City of fort P~eres, St. luc+c Covnty, Florida, hereinafter drsignatcd ss the "MORTGAGEE:' WNEREAS IFN MORTGAGOR i~ justly i~debted to the MORTGAGEE in the sum of S 25 4O~•OQ good and lawful money of the Un:ted Srates advanced by the l.10RiGAGEE unto the MORTGAGOR, as evidrncrd by a cenam promisswy note o1 even date her~with, of wh~ch the (ollowing in .~o~ds and figures is e true copy, to-wit: , ~ 2 S, 400. 00 1001.9160 ~ Fort Pierte, Fla~da, Deceaber 11 ~y~~ - Fa value r~eived, 1, we or either of us, prom,se ~o pay, without defaicac;on, to the o~der of FIRST FEOERA~ $AYINGS AND IOAN ASSOCIATION OF ~ i ORT PIERCE at Forf Pierce, tlor~da, the s~m oi ~0O ~ _ r,,,th ,;;t~rest iram date at thr cate af 0'a per annum, in momhly ins~a~l- " •~•nts aa fol!ows: j 213. on 1hel~th day of February ~p 73~ ~~d a like sum on the corrrspond~og day of each monlh there- ,rrer untit the whote be fulty paid. ~ Each insral!ment first shal! be app?~ed in payment of the interest and fhen on the unpa~d balance of the princ~pal sum. If default is made in the ;:,ment of any instaHment when due, and such defautt continues 30 days, then at the option of the hoider, and without any olher rrotrce, all ihe remaining ~ ~•,srallments shafE d~e and payabte ar once. Privitege is g~ven to prepay this note in whole or in pa?t at any t~me without penalty. Neither faebearance, - nor acceptance by the hotder rhereof afrer any defa+,lf in any payments hereo~, shall be dremed extens~on. A la~e payment charge of s lO.6S, shall be ~d~ed to each ins~allment remaining unpa~d 7 days after its due date, and a li.e sum shall be addcd to each such installmero remaining unpaid 7 days sfter each succeeding payment date. Each mater, surety and endo+:er he~tof, joint~y and severally, wa~ves demand, presenrment protest and notice of protest for nonpayment, and further ~ ag~ees fo any eatension of tin,e of paymero, either beFore or after marunty, witho~t notlce to any of us; and to pay all casts of collection, includ:~ a •.:o~able attorney's fee ~n.the event of any dafau'1 he~eunde~, and hereby severa!ly waivea all benefit of homestrad and exemprion under the con~titution •~d faws of each State of the linited States, as against this obGgatiort or any extens~on or renewal hereof. Witness the hand and seal of each party. _ . S/ Devitt J. Adams ~~A~~ _ (SEAI) - S/ Jennie M. Adams (SfAt) . $38 10 cs~+~) t - • ) State Revenue i~ ~7R7{ 2ii+osk~~l~iiglRMk 1Rwfl~ NOLY, iHEREfORE, the MORTGAGOR fw the purpose of secur~ng payment of sa~d sum o1 S 2$ ~ 400. 00 y and the performance ot ihs covenants and agreement~ hereinafte+ e~cpressed, and !or divers good and valuab!e considerations, by these presents, dces grant, bargai~, :ell, remise, ~e'ease, convey and confirm unto the MORTGAGEE, its succeswrs and auigns, all that cenain {ot, piece or p~rcel of Isnd, i~tuate, lying, and beiag in the County of $t . Lueie ~ and State of Florids, dcsaibed as follows: That part ]ying Esst of South Indian Riv+er Driva of Lot 1 of B1ock "A" of Richards and Qndresrs Resubdivision of Lots 3, 4, 5 and 6(East of F.E.C. Rail~r) of Tyler~s Slibdivi- sion oY Lot 11, Section 10, To~nnship 35 South, Rarige 40 East, according to surveT atsd map made by J. 0. P~yers, County Slirv~eyor of Brevard County and racorded in Plat Book 1, page 191, of the records of St. Lucie Caunt~, Floricla, said aap shoriing Richards and andrexs Addition to Fort Pierce; this is that strip 87.5 feet ~ride, Whtch Wonld be sare particular~j described as folloWS: Begfnning at a point a~ t2~ East side of Sauth Indian River poriv~e (~rhich inclndes St. Andre~s Lane~, a pipe being at the said point of beginning, run thence East 195 feet ~ore or less to a bulkhead, thence along said bulkhead cn the iiest shore of Indian River in a Northeasterl,~r directio~ to the Sont~h line of the public seaxall, thence West along the ~outh side of What xonld be Boston Avenue extended, Lo the East line of South Indian .°.iver Drive, thence Svuther~jr to the point of beginning;..- _ p , STATE ~F FLORiD~ ~ o= DOCUMENTARY,~.;;LSTAMP I~.~ i R~~; _ , ~ _ v ,~EDL Oi p~VEHUF'r'~ IN PA1~YErT OF TAXE~ - ( •C INTAI~~g~ pE~ P~pERIY, c_~i a = _.::.i -~'73 t; ~ 3 8. ~ ~ ~ PURSUA(MT T ~ + ,P.e.~ ~ ' ~ ~ER 7t-134, AL?S OF 1911. ~ . ` R POlifb~S ~J~ ,Y~ CLERK CIRCUIT COURT. Si. U1CIE CO., f!A v ~c9e!her with al! and singular the tenements, hertdifaments and appurtances thereunto belonging or in ~nywise appertaining thereto, and ell ~ents, isiues, proceeds and profits accruing and to accrue from said prem~ses, all of which are included in the above and fwegoing deuription end habendum. TO HAVE AND TO NOLD the above described and granted premises unto the said MORTGAGEE, its s~ccessors snd assigns forever. Md tM s~id their MORTGAGOR for heirs, executors, administrators and assigns, hereby covenanls with the ssid MORTGAGEE, its suctesson ~nd assiqnt, .;,a, they are _ iaWf~n seized of t(x said y prem~ses in fee simp(e; that the same sre free, clear and discharged from aU liens and entvm- t+rances in law or in equity, and that they ~n,;N end their he;~s shall wuranf and deFend the title to the same to the said MORTGAGfE, its auccessors and a~signs, (orever against the lawful claims a~d dcmands of all persory; PROVIDED, AlWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hcreinbefore dexribed s~d shall tr~ly, promptly ar.d fully perform, d~scharge, execute, comptete, comply with and abide b~ each and every the stipvlations, agreemenrs, cond+rions and covenants of said prom~ssory note and of this Mortgage, ~hen thia Mwtgage and the Estate hereby c?eated shall ce+se and be nvll and void. IT IS UNOERSTOOp that the wwd "Mortgagor" whether in the s~~+gular w plural anywhere in this Mortgage, shall be singular if o~e only and shall be pl„ral jointly and uverally if mae than one, a~ tha~ the word "~he~r" as used snywhere in th~s Mortgage shalt be taicen to mean "hit;' "hen,'" or "its," whereve~ the context so implies w admits. Also, thet wherever there is a refe~ence in the cove~a~ts and agreements herein rnntained to ~ny of rhe pa.ties hereto, the same shall be construed to mean as well as the he+rs, legal representatives, successors and assi9ns (either voluntsry by att of tht parties or involunrary by ope~ation of the taw) of the same and that the covenants herein contsined shall bind snd the benefits ~r?d advantsges inure ro the respective heira, legal representatives, successors and ass~gns of the parties hereto. Artd said Mortgsgors, fw themselves and their Fwairs, legal reprexntatives, successors a~d assgns, hereby jointly and severally covenant •nd ag:ee ro and with the said MORTGAGEE. its successws and assigns: 1. To pay ell and singutar the prinupal and inrerest and the various and sundry sums of money payable by v;rtue of ssid promissory note, and this mortgage, exh and every, promptly on the days respectively the same severally becane due. 2. To pay all and ~ingular the taxes, assessments, levies, liabilities, obligations and e~c~mbrancd of every nsture and kind now o~ said described property, w thal hereafter may be ~mposed, suffered, ptaced, tevied, w assessed thereon, or that hereafter may be levied or assessed upon this MortQ- age, or the indebtedness secured hereby, each and every, when due and payable, accwding to law, before they become delinquent, and before any interest a'+aches w any penalty is incurred; ANO INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SNAII BE PROMPTLY $ATI$FIEO ANO DtSCHARGEO Of RECQRD AND 7ME ORIGlKA! OFi1C1Al DOCUI~IENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSED CR CERTIFIEO) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not pa~d, sat sFied and d~scharged sa d MORTGAGEE may at any nme pay the same or any part thereof wiehout waiving or affecting any opt:on, lien, equity a ~~~ht under w by virtue of th~s mo~tgage and the f~ll am~,nt of each a~d every svch payment shall be immediately due and payable and shall besr interest ~rom the date thereof ~ntil pald ar rare of mne per centum per annum and toge~he. wnh such inte~est shall s ur he lien t s ytsye. w ~ _ ' sv _ ~i $ } hY:. y~~,~-,.yt,y, kso~ ~i._ .~_`--'.~`"m^ ,,.~5'">a a . _ . _ ,h ",s~'.,~~ ~ ~r~~~~