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Home My WebLink About5580 245389 ~ TMIS INDENTURE, Made ihe 8th day of January , A.D. 19 73 between Barl King and Jennie King, his Kife t. Lucie of County Florid+, hereinafte~ des~ynared as t '~1M~TGAG~R," and F1RST FE~ERAI SAVItvGS AND IOAN ASSOCIATION OF FORT PIERCE, a corporation orpani:ed and ex~si~ng undc~ tM lavin of t~ Unired Statas of America and having it~ principal placs of busines~ in tM City of fort Pierce, St. tucie County, flwida, hareinaiter desynated a• ths "MORTGAGEE:' WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in the sum of = 25 ~SOO , good and lawful money of the Un~ted S~ates advanced by the ~JIORTGAGEE unro the MORTGAGOR, as evidencrd by a certa~n prom~ssory note of even date herewith, of wh~ch the iollowing in words a~d figures ~s a trua copy, to-wlr: s 25 ~Spp ~pp r,~, 10019264 fort Pierce, Florida, Januarv 8. 19_.Z3_ for value received, I, we w either of us, p~om~se to pay, without defalcat~on, to the ordzr of fIRST FEDERAL SAVINGS ~~N ASSOCIATION OF FORT PIERCE af Fort Pierce, florida, the sc,m of S 25srN ~0O w;th interest from dafe at the rate of 7~7S'o per annum, in'monthly i~staU- r~z~~rs as follows: S21O on the lOth d~y of February 73 and a like sum on the correspondfnq day of each month there- atrer un?il the virhole be fuily paid. _ Each installment tirst shall kx app!ied in payment of the interest and then on the unpaid balance of the prinupal wm. (f default is made i~ the ; aiment of any installment when due, and such defau!t conunues 30 days, then st the option of the hoide~, and without any othe~ nofice, atl the rcmaining ~~srallments shall br due and payabie at once. Privilege is given to prepay this note in whole or in pait at any time withaut penalty. Neither forebearante, nor acceptance by the ho~der thereof after any defauh in any payments hereon, shall be deemed extension. A late psyment charge of S 1O ~r`~-, sha~~ be ~~u~ed to each installment remaineng unpa~d 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 days after ench succeedinq payment date. Each maker, surety and endor:er hereof, jointly and severally. wa~ves demand, presenrment protest and notice of protest for rtonpaymsnt, and further agrees to any extension of t~me of pay~nent, e~the~ before o~ after maturity, without not~ce to any of us; and to pay all costs oi coflection, includ:ng a reesonable atrorney's fee in the event of any drfault hereunder, and hereb~ severally waives all benefit of homestead and ezemption under the co~stit~tion laws of each S~are of the United States, as against this obGgation w any extension or renewal hereof. Witness the hand and seal of each party. (SEAI) s 6ar1 King (SEAL) (SEAL) s/Jennie King ~~u~ _ ~`38.25 ) State Revenue i6+ernps eancelled ~ ~igineFnole? ' NOW, THEREFORE, the MORTGAGOR for the purpose of secvring payment of said sum of 51~.~~~ and the performance of the covenants and agreements hereinafter expressed, and fw divers good and valuable considerations, by these presents, does granL bargain, sell. remise, retease, convey and confirm unto the h10RTGAGEE, its successors and assigns, ell thal certain lot, piece w parcel of Isnd, situate, lying, and being in the County of St. L{iC1Q and State of F{orida, desuibed ~s follows: Lots 10 and il of Block l, of M. E. GOLDSMITH'S SUBDIVISION~ as per plat thereof on file in Plat Book 2~ at page 6, of the public records of St. Lucie County, Florida, ~ I . ; . ; " ~ ~ STA ~ ~LOi~IDA ! ~y ~ OOCtIN~EN ARY~;; SiAMP TA Y ~ ' ~EPT. QF RE1?ENUE . ~ c ua _ , - • • • ~ ~ ~ =P~.= _ ~38.~5~~'= ~ ~ o=:s~4t ~ ` RECEIVFD " IN PAYMENT OF TIG~S ~ DtIE ON C;ASS 'C IHTANGIBLE PEit~~ikt PApPER1V~ + PU~ii TO CttAPTER 71-I34. ACTS Of 19I: ~l~ ~ ROGER POjTRAS ~ CLER1( CIRCUIi qURT, S(. LUCiE ,^,C ~ ~ ~ ~ ' ~ rogetlxr with all and singular the tenements, hered~taments and appurtances thereuntp Nelor.ging w in ~nywite appertsinirg thereto, and all rents, issues, ~ p~oceeds and proiits accruing and to accrue from said premises, all of which are included in the +bove and foregoing deuription and habendum. ~ ~ TO HAVE ANO TO HOI,p the above described a~d grsrtted premises unto the said MORTGAGEE, its successors and auigns forever. And ths ssid ~ their M:ORTGAGOR fw hehs, e:ecutors, administrators and assigns, hereby covensnts with the said MORTGAGEE, its iuccessws and ~s~pro, ~ the are chat y----- lawfully se~zed of the wid premises in fee simple; that the ssme are free, clesr s~d dixharged from all licns and encum~ ~ ttle W;p a~ the i z heirs shall wsrrant ar?d defend the title to the same to the said ~ brances in law or in equiry, and that ~ .i10RTGAGEE, its successors and assigns, forever against the lawful claims and demar?ds of all perwos; PROVIDED, ALWAYS that ii the MORTGAGOR shall pay u~*.o the MORTGAGEE the promissory note hereinbefore deuribed and shall truly, promptly and fully perform, d:scharge, eaecute, complete, comp~y with and ab~de by each s:ed every the stipulations, agreements, condiYrons and covenants of s~id ~ promissory note and of this Mortgage, then this Mortqage and the Estate hereby treated shall tease and be nuil and void. IT IS UNDERSTOOD that the word "Mortgagw" whethe~ in the singulrr or plural anywhere in this Mortgsge, shalt be singul~r if one onty a~d shall be plural jointly and severaliy if more thsn one, and that the word "their" as used anywhere in this Mortgage shall be taken to mean "his;' "hers,'" or "its;' wherever the conteat so implies or admits. Also, that wherever there is a reference in the covenents and agreements herein coroained to ~ny of rhe parties hereto, the same shal! be co.~strued to mean as welt as the heirs, legal representatives, successws ar?d assigns (either voluntary by ad of the parties or involuntary by operation of the law) of the same and that the covenanis herein contained shall bind and the benefits and sdvantages inure +o the respective heirs, legai representatives, succcuors and ass~gns of the ps?ties hereto. And said Mortgsgors, fa themselves and their heirs, legal repreuntatives, successas and assigns, he?cby jointly and severally covenant and syree ~ ro and with the said MORTGAGEE, its successors and assigns: r z~ 1. To pay all and singu4r the printipal and interest and ~he various and sundry sums of money payable by virtue of said promissory note, and this - r*,ortgage, e~ch and every, p?on+pt~y a+ the days respectively the same xverally become d~e. 2. To pay all and iingulai the taxe~, assessments, levies, liabilities, obligstions and encumbrarxe~ of every narure and k~nd now on said described ~ property, o~ that hereafter msy be imposed, s~ffered, placed, levied, w assessed thereon, w that hereaiter may be levied ot asutsed upon this Morty- _=x age, o~ the indebtedness secured hereby, each and every, when due and payable, according to law, befwe they become deiinquent, and before •ny interest =:s artaches or any penalty is incurred; ANQ lNSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHALL BE PROMPiLY SATISFIEO ANO DISCHARGED Of - RE~ORO AND THE ORIGIhAI OFFICIAL OOCUMENT ~SUCH A5, FOR INSTANCE, THE TAX RE~EIPT OR THE SATISFACTION PAPER OFfIt1ALLY ENDORSED OR CERTIFIED) SHAII BE DIACED IN ?ME HANDS OF SA1D MORTGAGEE WITHIN TEN DAYS NEXT AF1ER PAYMENT; and in the event that any thereof i• not pa~d, sat sfied and diuharged sa d MORTGAGEE may at any time pay the same w any part thereo( without waiving or aflecting any option, lieo, equity p •~~ht u~de? or by virtue of this mortgage and the full amount ol eath and erery such payment shall be immediatety due and psyable and shsll bear interest ~rom the date thereof until pa:d s? rate of n~ne per cemum ~,er annum and togerhe~ w~th tvch i~reresr shall secured b the lien of th:s mwptape. ~ fi ~ ~ ~ aocx 2d PA; ~ x . ~ ~5 ~ D ~ ~ ~ ~ ; ~ _ . ~ . . . 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