The URL can be used to link to this page

Home My WebLink About0151 iG47~1~ ~ THIS INDENTURE, Mad~ ihe Znd day of ___.~n~L r v ~ ~ , A.D. 19~~, betwee~ Pearl Construction Co., Inc., s Rlorida CorRoz~tion of St. LUCi@ County Florida, hereinafta deignated as ths "MORTGAGOR;' and FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE, a corpaation organized end exis~ing under tM laws of the United Sut~s of America •nd having its principal place of bus~nesx Fn tM City of Fort Pierc~, St. lucie Cou~ty. Flwida, hereinaiter designated ai tM "MORTGAGEE:' WHEREAS tM ~IIORTGAGC~R ii justly indebted to the MORTGAGEE in the sum of = Z'4~2~•~ good and lawfvl money of the United ~ Sfates adva~xed by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain p?omissory note of even date herewith, of wh~ch the following in words and fi ures i}, a true copy, ~o-wit: ' - 10O192LO s 24,2~O.c)~~ . Fwt Pierce. Flwida. ~nVa=Y 2 19.~~ fa value ~ece+ved, I, we a either of us, promise to pay, without defalca~ion, to the order of FIRST FEDERAI SAVINqGS~ AND IOAN ASSOCIATION C~ FORT PIERCE at Fort Pierce, itorida, the sum of S 24L2~ w~rh interest from date at the rate of 7•"% pe? an~um, in monthly ?nstall- ~rnes as follows: S I95.~ on ~he~Q~l- day of An='li 19 7~ and a like sum on the cwrespond~ng day of each month ?Fure- ~ after unli! th^ whote be fully paid. Each installment first shall be applied in payment of 1he i~tcrest and then on the unpaid batance of the prinupal sum. If default is made in the ~ ~:ayment of any insta~lment whe~ due, and such default continvea 30 days, then at the option of the holder, and without sny other ~otica, all tF?e remaining ; ~r,srallments shall be due and payeble at «xe. Privilege is given to prepay this note in whole w i~ part at any time without penalty. Neither fwebearance, ? nor acceptante by the holder thereof after any defautt in any payments hereon, shall be deemed extension. A late payment charge of s 9•75sha11 be # added to eath inatallment remaining u~paid 7 dayi affer its due date, and a like sum shall be added to each such instaflment remaining unpaid 7 dayi after ~ each sucteeding payrt+e~t date. ~ Eath make?, surety and endorser hereof, jointly and severally, waives demand, prexntment protest and notice of protest fw nonpayment, and further 3 agrees to a~y extension of t~me of payment, either before or aiter mat~rity, without not~ce to any of us; and to pay all costs of collection, includ~ng a ~ reasonable attwney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the tonstitution ~nd laws of each Sfate of the United States, as against thi: obligation or any eatension w ~enewal hereof. w~t~ess the ha~d a~d seal of ea~h par+y. PBARI. CONSTR[JCTION CO~ ~ INC• ~Au + . . . , BYL, t~~sti*O -.-pB~?r _ Pr~~Aent (SENL) j 1 CORPORA2E SBAL AFFI~D ~ ~ ' (~?U A2'IBST S S.~ Ph i 1 i~ Pesai r jy~ ra iL~- (SE/?U ' ~ s` 36.3~ ) $tate Revenue 'i`r@agyrgr ~ NOW, THEREFORE, the MORTGAGOR for the pu?pose of securirg payment of said sum of = 24 ~ 2~ . ~0 , and f~e pcy~ormance of th~ covensnts and agreements F?ereinafter expressed, and fw divers good and valusble consideratioro, by thest ptesenfs, does g?+M; beryain, ~ell, romi=e, re!ease, convey and confirm unto the MORTGAGEE, its svcceuors and ~ssigns, all that certain bt, piete w partel of land, situate, lyirg, snd beinp in the Counry of $t. Lueie end State of fbrids, descr~bed as follows: ~ ~ ~ Lot 7 and the Bast 24 feet of Lot 6, Block d, SILV6R'LAKB PARK S[BDIVISION , according to the plat thereof recorded in Plat Book 10, Page 4, of the Public Records of 5t. Lucie County, Florida? : - + . ~ ~ ` ors' ~..ORlt7A ~ ~ . - ~ UO ~ RY ~ T MP iA X ~ - ' ° ~ DfPT. RE ~ I ~ _ ~ _ _ .~~r» ~ ~ 6. 3 0 -t- ~ ~ ' ~ ° =n 1 f o : tl+ot TA~ RfCEtYFD IN PAYMEI~iT CF ` DIiE ON GASS'C INTANGIBIE Ff:t°_~ChAI Ft=.i?.~--,.~, t PURS11~t~T 10 CHAPTER 72,L3~. AC7S OF :"~=y~~L : ~ ~ ; RO~~•°• POtI•f~•• . ~ CLEXK CIRCUI[ G1URT. =U"tE Cl.,, F~1. ; € € { ~ € € ~ together with all and singular the tenements, hereditamenti and appurunces therwnto belonying or i~ anywise appertaining thereto, and all ren», issues, ~ proceeds snd profits accrving and to scuue from said premises, all of which are included in the abovt ~nd foreyoing desuiption and habendum. ~ TO HAVE AND TO HOI~ the abore desuibed and granted premises unto the said MORTGAGEE, iri successors and suigns forever. Md the said ~1~ORTGAGOR fw ---~~-5----- heirs, executors, adminiatrators snd assigrts, Fxreby covena~ts with fhe said MORTGAGEE, i» sucte,sso?s and ~ssipm, ~ ~ rhat --lt-1S----- lawfully uized of the said pttmises in fee iimplr, that the wme ~re free, de~r ~nd disch~rged from all liens and antw~r ' brances in law or in equity, a~d that lt wi11 and 1tS - hein shall wanant and defend the title to the same to the said y trORTGAGEE, its successors and suigns, forever against the lawful claims and demsnds of all persons; PROVIDED, AlWAYS that if the MORTGAGOR shall psy unto the MORTCsAGEE the promissory note hereinbefore described and shall truly, promptly = and fully perform, d~uharge, execute, complete, somply with and abide by each snd every the stiputations, sgreements, cond~~ioos snd covenann of sad ~ promisscry note and of this Mortgsge, then this Mortgage and the Estate hereby ue+ted shall ce~se and be n~ll ~nd wid. IT IS UNOERSTOOD thst the wwd "Mwtgagw" whether in the singular o~ plural anywhere in this Morty~ge, shall be sinyular if ons only ~nd sha!I be plural jointly snd severally if mwe than one, and that the wwd "their" as used anywhere in this Nbrtgsge shsll be taken to mean "hq;' "hen;' or "it~;' whe~ever the context so implia a admits. Also, thst wherever there is a reference in the covensnti and agreemenri herein contained to any of rhe pa?ties hereto, the ssme shall be construed to mean as wetl ss the heirs, legal representstives, ~uccessors and sugro (either voluntary by act of th~ oarties or involuntary by operatan of the Iaw) of the same and that the covenants herein cont~ined ihsll bind and the benefits and advantages inur~ ~o tF~e ~espedive heirs, kgal representatives, succeuors and au'g~s of the parties hereto. And said Mortgagors, for themxlves a~d their hein, legal repreuntatives, succeasws and assi9ns, hereby jointly ~nd severally covenant and syree ro and with the ssid MORTGAGEE, its successors and suigns: l. To pay •11 and tingular the principal snd interest and the vsrious and su~ry sums of rtarxy payable by virt~e of said promissay note, ~nd this mortgage, each ~nd every, prompNy on the days respectively the same xverally become due. 2. To pay all ~nd singular the taxes, ssxssments, levies, liabilities, obligations and encumFxances of every nature end kind raw on iaid dewibed property, w that hereafter may bs imposed, suffered, plxed, levied, or +uessed thereon, w thst Ixreafter msy b~ levied w utetted ~pon this Mort9- ~ age, a tht i??debtedneu secured hereby, exh snd every, when d~re and payable, xcording to Isw, befw~ they become delinqueM, ~nd before my interes~ attaches or any penalty is incurred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 8E PROlNPTIY SATISFIED AND DISCHARGED OF RECORD AND THE ORIGINAL OfFICIAI DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OfFtCIAIIY ENDORSED GR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in tF~e event that sny thereof is not pa~d, sat sfied +nd dixharged sa'd MORTGAGEE msy at any time pay the same or sny part thereof without waiving or affectinp any option, lien, equity or - •~~ht unde~ or by virrue of this mortgage and the fult amo~r.t of each and every such payment shall be immediarely due and payable and shall bear interest ~.om the date thereof until paid at rate of nine per centvm per annum and togefher w~th svch interest sha~ 6x ~+~YF,AGf~n~~~~gt~ - s~~x ~ , ~ ~ ~ - ~ - ~ ~ ~ ~ _ ~ _ . _ . ~ n~ . .