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Home My WebLink About5940 ;~~~ss~ THIS INDENTURE. Made tM 11Lh day of J~ua=y , A.D. 19 73 betwaen MarqarQt K. Johnson, a single adult - `,:;t . of $t . I.{1C16 County Flwids, hereinafte? designated as the "MO1tTGAG~R;' artd FlRST FEDERAI SAVINGS AND IOAN ASSOCIATlON OF FORT PIERCE, a torpwatia? uyanized and existing unde+ tM laws of ths United Slatat of America ~~d having iq principal place of busineu in th~ Ci1y of Fwt Pierc~, St, lucie Counry, Flaid~, Mreinaita deaipnated as tM "MORTGAGEE." WHEREAS ths MORTGAGOR is 'rystly indebted to the MORTGACsEE i~ the ~um of : 7,.~ O~• OQ , good and lawful money of the Un~ted Srate: advsnced by ~he MORIGAGfE vnto the MORTGAGOR, as evidenced by a certain promissory note of even date herew~th, of wh~ch the iollowing in words ~nd figures is s true copy, to-wit: S~ DOQ . 00 ~ 11 ~~~021 Fort Pierce. Flaida. J~1u~]i? 11 19_Z~. Fw value received, 1, we w either of us, p~om;se to pay, without defalcat~on, to the o~dea of F1RSi FEDERAI SAVI~!G5 AND IOAN ASSOCIATION OF FORT PIERCE at fat Pierce, florida, the sum of j 7~~0•04 with interest from date at the rate of 7•7~o pe? annum, in monthly install- ~,enrs as follows: S~•~ on 1he 1Oth day of ~rCh 19 73 and a like sum on the correspond~n9 day of each momh there- airer until Ihe whole be fully paid. Eath installment first shall be app~ied in payment oi the interest and thrn on the unpaid bafsnce of the princ~pal sum. If default is made 1n the ~avment of any insrailmant when due, and such default conunues 30 days, then at the option of the holder, and withow any other notice, all the remain+ng ~~~srallments shall be due and payabte at once. Privilege i~ given to prepay this note in whole w in part at any fime without penatty. Neither forebearance, nor acceptante by the holder thereof after any default in any payments hereon, shall be deemed extenaion. A fate payment charge ot S 2• 9O shall be added to each instatlment remaining ~npa~d 7 days after its due date, and a tike sum shall be added to each such instailment r=maining unpaid 7 days after each succeeding payme~t da~e. Each maker, surety and endorser hereof, jointly and severaily, waives demand, presentment protest and notice of protest for nonpayment, a~d funher agrees to any extension of time of payment, ei~her before or after maturity, without not~ce 1o any of us; and to pay aIl costs of cotlection, includ;ng a reasonabk attorney's fee in the event of any defau~t hereunder, and hereby severa:ly waives all benefit of homestead and exemption u~der the constitution and laws of each State oF the United 5tates, as against this obligation p any extension or renewal hereo(. Witness the hand and seal of each pa~ty. S/ Margaret K. Johnson, (SEAI) a sinale adult c~Au ~ $10. SO i $tate Revenue (6e s,~s aoo Ik~ sa ady4otr+oA) NOW, 7HEREFORE, the MORTGAGOR for the p~rpou qf securing psyment of said sum of = 7 a~0 • O0 and ths performance of the covenants and agreements hereinafter expressed, and fo~ d~vers good and valuable considerat6ons, by tfxse presents, does grent, bargain, selt, rem~se, refease, convey and confirm unro the MQRIGAGEE, itt successors and asaegns, all that certain lot, piete or partel of (and, •ituate, (ying, and being in the Counry of $t. ~.LlCie and Stste of Flwida, desvibed as follwvt: F Lot 2, Block 1, REPLA? OF PAUN GARDSNS, as per plat thereof on file in ` S Plat Book 12, page 42, of the Public Recozds of St. Lucie County, Rlorida, -t•. ~ o O AR~¢ • ?AM~ A~ ~ '~'r~N't i ~ ~ o ~ ~s ~t~N~,' ~ ~ ~ Q b ~ ~ ' A~cEtvEn ~ ° ~ iH ~r,rr~_rrt of T~ p ~~~t0! ' ~ a1~ Oti C[ASS 'C INTANGIBtE PE?~Oft ~L PFO?ERiY • Pl1RSUANI TO CNAPTER 72•134. ACTS OF I9/1, OG rtoc~rt rotrw+s mc CLERJS CIRqlIT COURT, Si. LUCIE CO.. F(~ rogether with all and singular the tenements, hereditaments snd ~ppurtsntes the?eunto be(onging or in anywise appeASining therero, and a!! rerttt, issues, p~oceeds and profits acc~ving and to accrue from ssid premixs, all of which are included in the above and forega~g desuiption and habendum. TO HAVE AND TO- HOLD the above desuibed and grsnted premises unto the said MpRTGAGEE, i~s succeason ~nd assigns 4wever. i'~nd tM s~id MORTGAGOR fw h~------- he~rs, executors, administrators and assigns, hereby covenann with the s~id MORTGAGEE, its iuccessori a~d auipm, she is ~hat - - lawfulty seized of the sai~ premises in fee simple; that the same are free, clear and dixharged from •II lien~ and enc~~ orances in law or in equity, and that St1@ W~~~ a~ ~1@3 heirs shall warrant and defend tht title to the s~me to the uid MORTGAGEE, its successors and assigns, fwever against tlie lawful claims and demands of a!I persons; PROVIDEO, AlWAYS tAat if the MORTGAGOR shalt pay unto the MORTGAGEE the promissary note hereinbefae dcxribed and shall truly, promptly and fully perfwm, d~uharge, execute, complete, comply with and ~bide by each and every the itipulations, sgreements, condition~ and covenanri of iaid prom~sswy note and of this Mortgage, then this Mortgage and the Estate hereby ueated shall cease and be nu11 and void. IT IS UNDERSTOOD thai tl~e word "Morrgagor" whether in the s~ngular or plural anywhere in this Mortgsge, shall be sinyular if one only and : shall be plural joi~tly and xverally if more than one, and that the word "fheir" as used anywhere in this Mortgsge shall be taken to mean "his;' "hen," or "its;' wherever the conteat w implies or admits. Also, that where~er there is a reference in the covenants and agrecments herein contained to ~ny of j rhe parties hereto, the same shali be construed to mean as well ss the heirs, legal representstives, ~uccessors and assigns (either voluntsry by sct of tM parties or involuntary by operation of the law) of the same and tMt ~ the covenants Ixrein contsined shall bind and the benefiri and advant~gq inwe re the respective heirs, legai representatives, iuccessars and ass~gns of the parties hereto. And ssid Mortgagors, for themselves and fheir he~rs, legal representatives, successors and assigns, hereby jointly and severally covenant and agree fo and with the said MORTGAGEE, its successws and assigns: ~ 1. To pay all and singular tFK principal and interest and the various and sundry sums of mo~ey payable by virtue of asid promisswy note, and this i mwtgsge, each and every, promptly o~ the dsys respectively the ~ame ~eve~ally become dve. 2. to pay +fl end tingvlar 1he taxe~, asussments, levies, lisbilifies, obligstia?s and encvrt:or~ncea of every nature and kind now on said described ~ properry, w that hereafter msy be imposed, suffered, plxed, levied, w auessed thereon, w that hereafter may be levied or assessed upon this Mort¢ age, w the indebtedneu securxd hereby, each snd every, when dve and payable, xcwdirg to law, before lhey become delinqueM, ~nd befo~e ~ny interest ai~aches or any penalty is incurred; AND INSOFAR AS ANY ~HEREOf IS OF RKQRD THE SAME SMAII BE PROMPTIY SATISFIE~ AND DIS~HARGED OF RECORD AND THE ORIGINAL OFFICIAt DOCUMENT tSUCH AS, FOR INSTANCE, THE TAX RECEIPi OR THE SATiSfACTfON PAPfR OFfIC1AllY ENDORSED OR CERiIF1ED) SHAII 8E PiACEO IM THF HANDS OF SAID MORTGAGEE WITNIN TEN OAYS NEXT AFiER PAYMENT; and i~ the event 1Fwt any tFureof is not pa~d, sat'sfied and discharged sa'd MORTGAGEE may at any time pay the s~me or any part the~eof without waiving or affecting any option, lien, equity w •~qht under w by virtue of this mortgage and the fu~l amount o( each and every such payment shall be immediafely due and payable and shall bear inttrest ~rom tbe date ther~of until paid at rate of nine per cent~m per annum and together w~th suth inte~est shall ~~c ~the j~ ~fS'~~ yt~e. . ~~;,K~/VJ r'~.~r ~,,i~ ~ : : ~ . _ : , _