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Home My WebLink About1320 24ss4~ ~ THIS INDENTURF, Made rne 25th d,y os - January A.O. 19 73 _ between Alfred F. Wellin~~ a~fictle ac~lt~~ ' of St. Lucie ' ~ Covnry Flo~id~, hereinaftar deignated •s the "MORTGAQOR;' and fIRST fEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, a corporation organizcd a~d e~isting under tM lawi of the United Staros OI AfRNICi and havir~ its principal pl~ce of buiiness in tM City of fat Piacs, St, tucie Covnty, Florida, Aereinatter designat~d as tM "MORTGAGEE!' WHEREAS ths MORTGAGOR is ju~tly indebttd to ths MORTGAGEE in tM sum of =16 ~8~ qood and lawful money of the Un~ted Srate~ advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a ce~~a~n promiuory nota of even date herrwith, of which the followiny in wads and figv~es is a true copy, ~o-w~t: s 16 ~8no _00 ~ 10019334 F«t Pierce, Flwida, JanuaYy 25 ~ ~q 73 ; For value received, 1, we w eithe~ of us, promiu to pay, without defalca~ion, to the orde~ of FIRST FEDERAI SAVINGS AND tOAN ASSOCIATION JF FORT PIERCE at fort Pierte, Florida, the :um of f 16 w;th interest from date at Ihe rate of 7•7S9'o per annum, in monthly insrall- ~»enta as fol!ows: j I38.~0 on the lOth day of Mareh _ 19 ~3 arxl a like sum on the cwre:p~nd:rg day of each month ?herr afrer umil the whole be !uL'y paid. Each initallment f;rst shall be appl~ed in payme~t of the interes~ and ~hen o~ the unpaid balsnce of the princ;pal sum. If default is made in 1M F~ayme~t of any instalfinent when due, and such default co~tinues 30 days, then at the option of Ihe holder, and without a~y other netice, att the remaining ~ ;~~srallmeM~ shaN tre due and payabie at once. Priv;iege is g~ven to p~~pay thts iwir in wh~:e or in par! s! any timr w~±hout pen+lty- Neither forebearuue, nor acceptants by the holder thereof after any default in any payments hereon, shall be deemed eatens~on. A late payment charge of S= •-=s-. sh+~~ be added to each installment remaining unpa~d 7 days after in due date, and a like sum shatl be addad to each such ins~allment remaining unpaid 7 daye after each succeeding payment dare. Each maker, svrety and endorser hertof, joint?y snd severally, waives demand, presentment protest and notice of protest for nonpayment, and further agrees to any extension of t~me of payment, either before a after maturity, without notice to any of us; and to pay all costs of collection, inciuding a .easonable attorney's fee in the event of a~y deiau4 hereunder, and hereby severally waeves all ixnefit of homestead and exemption uoder the constitution a~~d laws of each State of the United States, as againat this obligatio~ or any euension or renewal hereof. Wirness the hand and seal of each party. (SEAL) s/Alfred F. Welling ~~a~~ (s~U ( ~S -2~ ) Stete Revenue ~~U (S+srwp~ ~w~eMed~ ~iginsF r+~o1e) NOW, THfREfORE, the MORTGAGOR fa tF?e {>urpose of securirg payment of said sum of s 16 ~E~OO.~ , and the perfwmancs of ths covenants ant! agreements hereinafter expreued, and fw divers good and valuable cons~der~tions, by iheu presents, does g.ant, bargain, sell, rem:se, release, convey and confirm unto the MORTGAGEE, its tuccessors and auiyns, etl that certain Im, piece w parcel of (and, situate, lying, end being in the County of St. LUCle and State of flwida, dewibed as fotlows_ Lot 12, Block 8, of Tucker Terrace, a subdivision in the SE~ of the SW4 of Section 9~ ?ownship 35 South, Range 40 East, according to a plat thereof recorded in Plat Book 4, at page 54 of the public records of St. Lucie County, Florida. . - o~ L~ RPQ A i ~ ~ STp'`T~E.~nRY_.~ :..S~~M ~ c o= ~ pOT.OF RE1fFKtlE ~ .~~~25.2a1 ~ ~ - ~ :.az~r~ ' 1 ~o p P.~. iw ~ It~:2 0 R6CEIYED e~~ (v C IN PJIYMEM Of TIIX4~ - p~JE p~ ~'C' INTANGIBLE PERS01+41~ P;0?ER(Y. " ~~~T TQ CFtAP1ER 71•134. ACTS OF 19I1. ' ROGER PORR1lS CLEAK CIRCUIT OOURT, ST. LUCIE CO., FIA. together with atl and singular the tenements, hereditaments ~nd ~ppunsnces thereunto belonging or in snywise appertsining thereto, a~d all renri, iuues, p~oceeds and profits accr~ing snd to scuue from said premises, all of whKh are included in the above and foreyoing description and Msbendum. TO HAVE AND TO HOID the above described and granted p?emises umo the said N{ORTGAGEE, its successas ~nd auig~s foreve~. Md tFw s~id MORTGA R fQ? h-~~---- heirs, exec~tws, adminis:rators and assigns, hereby covenants with ti~e s+id MORTGAGEE, it~ succeuws u+d auiyrn, that --~e 1S tawfuily uized of the said premises in lee simplr, that tbe same are free, cksr and dixhsrged from all liero and encvm- brances in Iaw or in equity, and that he a~ ~'115 heirs shall warra~t a:sd dafend the title to the s~me fo tha ~id MORTGAGEE, it~ successors and auigns, faever against the {awful clsims and demands of sll pe?wtq; PROVIDED, ALWAYS that if the MORTGAGOR shall pay umo the MORTGAGEE the promissory note hereinbefore desv~bed ~nd shall truty, promptly and fully perform, diuharge, execute, compkte, comply with and ab;de by each and every the stipulations, agreements, condiirons and covenanb of said pramissory nofe and of this Mortgage, then Ihis Mortgage and the Estste hereby ueated shall cesse snd be null and wid. , IT (S UNDERSTOOD thst tlx word "Mottgsgw" whether i~ the singular o? plural snywhere in this Mortgsge, shall be sinpolsr if one only ~nd sha0 be plvwl joimly snd severalty if more than one, and that rhe wwd °their" a used anywbar in this Hbrtqage shall be taken to mesn "his;' "hers," or "its;' wherever the context w implies or admits. Alw, that wherevet there is e reference in the covenanb and ~yreemenri herein contained to any of rhe parties hereto, tl~e ssme shall be constrved to mean as well as the heirs, Iegal represenhtivet, s~ccesson and sssigns (either wluntary by act of the partie~ or ir~voluntary by operat;on of the law) of the sarn~ and that the covenants herein containcd shall bind and the benefiri and adv~nt~yes irwre to the respective heirs, legal representatives, svccessors and ~ss~gns of the parties hereto. And said Mortgyors, for themselva a~d thei~ heirs, legal represematives, succeuws and assigns, hereby jointly snd severally eover.anf snd ayree to and with the ssid MORTGAGEf, its successors and assigns: 1. To pay sll and sirgular the principal and interest and the various and sundry sums of money payable by virt~e of s~id promissory note, and thit mortgage, eacF~ ~nd every, prompNy on the dsys respectively the same uverally become due. 2. To p~y sll and singvlar the tsxa, assessmenn, levies, lisbilitics, obligations and encumFxantes of every natvre and kind now on said desuibed propeny, or th~t hereafter may be impwed, suffrred, plxed, levied, or ~ssessed tF~ereon, w thst hereafta may be kvied p~ssessed vpon this Mwt¢ , age, o~ the indebtedness secured hereby, exh ~nd every, when d~e and payable, accordinp to law, befwe they become delinquent, and before ~ny inte~es~ artaches or sny penalty is inc~rred; AND INSOFAR AS ANY THEREOf IS Of RKORO THE SAME SHAII 8f PROMAtLY SAi15f1ED AND DlSCHARGE~ OF R:CORD AND THE ORIGINAI OFfICtAI DOCUMEfJT (SUCH A5, FOR IhSTAN~E, THE TAX RECEIPT OR TME SATISFACTION PAPER OffIC1AtLY ENOORSEO OR CERTIFIEU) SNAII BE PLACEO IN THE HANOS OF SAIO MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; and in the event that any thereof is not paid, sat'sfied and discharged sa:d MORTGAGEE may at any t~me pay the same or any part tF~e~eof without wsiving a a(fecting any option, lien, equity or •~qht under or by virtve of this mortgage and the full amount of each and every such payment shall be immediately due and payable and shall bes~ interqt ~rom the d~te thereof until paid at rate of n~ne per centum per annum fr~ t ~w;th suc inrerest thall be secured by the lien of tF?:a morgta~e. b~`u?~s P~~f~318 . ~ - - - - = x _ _ ~ . . . _ - - - = -