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HomeMy WebLinkAbout1326 . 246650 ~ 1HIS INDENTURE, Made the 2ath _ day of .I3p11gr.~i A.D. 19._~. between . _ Oliver R. Ault and Netha I. Ault,';~ii~''wille' ' o{ _ SL _ LLCle „ C~nty f~a~di, here+nafte? da:gnaeed as the "MORTGAGOR," and FIRST FEDERAt SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE, • corporation orga~iized and cxi~t~ng unde? the laws of the Un~led Statos of Ameritd'snd' Mving its principal place of butiness i~ ths City of Fort Pimce, St. tucie County, flwida, hereinaiter des~gnated as the "MORIGAGEE." WHEREAS the MORTGAGOR is justty indebted to tha MORTGAGFE in the sum af S_ l~~Q•QQ , good and lawfut money oi the Un;ted States advanced by the MORTGAGEE unto the MORTGAGOR, as ev~dencrd by a cer!am promissory nme of even date herewiih, of whkh the following in words and fgures is • vue copy, to-wit: s 19,600.00 . r,~,_ 10019326 Fort Pierce, Florida, `l~ uar y 24 19 7 3 Foi value rete'rved, 1, we or either of us, prom~se to pay, without dafatcation, ta ihe oruer of FIRSI FEDERAt SAVINGS AND IOAN ASSOCIA710N OF ~ORT PIERCE at fort Pierce, Florida, the aum of S-_14~~ 0~ w~th ~nteres~ from date at the rate af __Z~~~ pe? annum, in monthly install- ~-~rnts as fol:ows: S~61 on the lOLh day of Ma?reh 19__?~ and a I~ke sum on ~he correspond~ng day of eac?~ month there- afrer until the whole be f~Ily paid. , Eac6 ins!allment (irst shall be apptied in payment of the inrerest and rhen o~ the unpa+d balance of tF~e princ:pal sum. If default is mad~ in the F•ay~nent of any insralfrnent when due, and such defau~t continues 30 days, then at the option of ~he holder, and withoUt any other notite, all the remain~ng !ns~allments shall be due and payable at once_ Privilege is given to prepay this note in whole or in part at any time without penatfy. N~either farebeaaaots, nor acceptance by the holder thereof after any default in any payments hereon, shalt be deemed exre~sion. A late paymenr tha~ge of S 8•05, shatl be added )o eath installment remaining unpa~d 7 days after its due date, and a Gke sum shall be added to each suth instal~ment remaining unpaid 7 days after each succeeding payment date. fach maker, aurety and endorser hereaf, jointly and severally, wa~ves demand, presenrment protest and r.once of protesf for nortpayment, and furthri agrees to any exrension of t~rr.e of payment, either before or afrer maturiry, without not~ce to any of us; and to pay aU costs of collection, includ~ng a re3sonable attorney's fee in rhe event of any default hereunder, and hereby severally waives all benefit of homestaad and exemption under tix constitutan ~;;d laws of each State of the United States, as against this ob&gation or any exrensron a renewal hereof. Witness the hartd and seal of each paity. s/ Oliver R . Ault (SEAL) RECFlVED 3 C_ IN PAY~fENi Of TAl(ES (SEAU DUE ON CIASS 'C INTANGIBLE PERSOt~IAL PqpDERry (SEAI) PUitSUANT TO CHMIER 71•134, ACTS pF 19I1. Neths I. Ault (SEAU l ,t 29 ) State Revenue ROGER POITRAS 1M~ CLFR1( ClRqJIT COURT, ST. Ll1CIf CO NOVY. THEREFORE, the MORTGAGOR for the purpose of securing payme'nt~saed sum of = 19~600.~~ and the perfwrt+ance of ths covenants and agreements herein~fter expressed, and for divera good and vatuable cons~derations, by these presents, dxs grant, bargain, sell, remise, re:ease, convey and confirm unto the MORTGAGEE, its successo~s and asaigns, all that certain lot, piece u parcel of land, situate, lying, and being in the County of $t . L1~Ci@ and State of Fbrida, dexribed as follows: All that part of Lots 13 and 14, Block B. Har~ony Bstates, a subdiviaion in Section 31, 2oirnship 34 South, Ranqe 40 Bast, according to the plat thereof as recorded in Plat Book 8, Page 78, St. I.ucie County, Florida, public records, lying Southerly of the following specificaily described line: . Froo the South~rest cozner of said Section 31, bear North O°16'26" East, along the West line of said Section 31, a distance of 212.28 teet; ?hence South 89°32'SO" Bast, a distance of 667.1 feet, =ore or less, to the intersection thereof with the Mest line ot said Lot 13; thence South Oo 13'42" West, along the West line of said Lot_13, a distance of 21.02 feet to the point of beginning; Thence, South 83opp~04" Bast, a distance of 587.32 feet; ?hence South 89°51•28" Bast, a distance of `9.I feet, aore or less, to the iAtersection thereof with the Bast line of said Lot 14 and the end of the specifically described line. Reserving unto the owners herein the right ot egress and ingress over, through and aczoss the following specifically described parcel of land: Froa the Soutteitest corner of said Section 31, bear North Ool6•26•' Bast, along the West line of said Sectian 31, a distance of 212.28 feet; 2hence~ South 89° 32'S0" Bast, a distance of 667.1 feet~ nore or 1ess, to the intersection there- - of with the West line of said I,ot 13; Thence, South Oo13•42" West, along the West line of said Lot 13, s distance of 21.02 feet; Thence, South 83000•04:' East, a distance of 18I.26 feet to the point of beginning; ?hence, South O° 13~42" West, a distanc~ of 28.00 feet; Thence South 86~5~'00" Bast, a distance ot 403.71 feet; Thence North 83000'04" West, a distance of 406.06 feet to the point of beginning, +ogether with all and singular the tenements, hereditaments snd sppurtances thereurtro belongirg w irt anywix appertaining tlxreto, and all rents, iss~es, proceeds and profits accruing and to accrue from said premises, all of which are included in the above and fwegoing desuiption ar?d habandum. TO HAVE AND TO NQID Ihe above described and granted premises unto 1he said MORTGAGEE, its tuccessas artd assgns forever. And ihe said h10RTGAGOR for - t~e= 1----- hoirs, e:ecuton, admin~strators and assigns, hereby covenants with the said MARTGAGEE, its successws ~nd auigns, rhat --~~-~.Y--dI~- lawfutly se~zed of the said prem~ses in fee simple; that the same are free, clear and dixharged from ali liens ~nd encurrF brances in law or in equity, and tha~ thev M,;~~ a~ their heirs shatl warrant and defend the fitle fo the sams to the s+id ,uORTGAGEE, its successws and ass~qns, forever against the lawiul claims and demands of •II persons; PROVIDED, ALWAYS lhat if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefote dexribed and shall truly, promptly and fully perform, discharge, execute, complete, comply with and abide by each and every the atipulalions, sgreements, conditions a~d covmann of said ' promisswy note and of this 1Horrgage, then rhis Mo~tgage and the Estate hereby created shall cesse and be nu11 and void. tT IS UNDERSIOOD thst the word °Mortgagor" whether in the singu~ar a piural anywhere in this Nbrtgsge, shafl be singular if one only a++d shall be plural jointly and severally if mwe than one, and that the wwd "their" as used snywhere in this Mo~tgage shall be taken to mesn "F~if;' "hen," or "its," wherever fhe context so imp!ies or admits. Also, that wherever there is a ~e(erence in tbe covensnts and sgreements herein contained to ~ny of ~he parties hereto, the same shall be cons!rued to mean as well as the heirs, legal representatives, successws and assgns (either voluntsry by act of the parties w involuntary by operation of the law) of the same and that the covenants txrein contained shatt bind and the bencfits and advantayti inu~e ro the respective hei~s, legsl representafives, successors and eu°gns of the parties Fxreto. And said Mwtgagors, fw themselves and their heirs, Iegal representat:ves, successors and assigns, hereby jointly and severally covena~t and sgree to and with the wid MORTGAGEE, its successas and assigns: i l. To pay ell and singvlar the principal and inrerest and the various and sundry sums of money payable by virtue of said prom+uory note, and this mortgage, e:ch and every, promptly on the dsys respectively the same severally become due. 2. To pay all and sirgular the taxes, assessments, levirs, I~abil~t~es, obligations and ecxumbr~nces of every nafure and ki~d now on said described property, w that hereafter may be impoted, suffered, placed, levied, or assessed thereo~, w that hereafter may be levied or assessed upon this Mort¢ age, w the indebtedness secured he~eby, each and eve+y, when dve snd payable, according to law, before they become delinqvent, ~nd before ~ny interes~ arraches a any pena~ty is incurred; AND INSpFAR AS ANY THEREOF IS OF RECORD THE SAME SHAII BE PROMVTLY SAIISFIED AND UISCHARGED Of RECORD AND TME ORIGINAL OFFICIAL OOCUMEN? (SUCH A5, fOR INSTA~ICE, THE ~AX Rf~E1PT OR THE SATlSFACTION DAPER OFfICIAIIY ENDORSED OR CERTIFIED) SHAII BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXi AF1ER PAYMENT; and in the event that any thereof is not paid, sat's~ied and discharged sa:d MORTGAGEE may at any t~me pay the same or any part the~eof without waiving or affecting ~ny optioo, lien, equity pr •~~ht under or by virtve of this morrqage and rhe f~ll amo~nt oi each and every such payment shall be immediately due and payable and shall bear interes+ t~om the date thereof until pa~d at rate of n~ne per centum per annum and rogerher w~~h such e~[e~e t shall be secured by the ~ien of th:s maytage. 1`J lJ ~ r~~: ~~~a . _ . . . . - . ~ _ ~.5._ ra.~