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Home My WebLink About1999 24~~15 e THIS IN~ENTURE. M.d. ?rM 31st ~y of Janua ry A.D. 19 73 ~rW~, _ Fawry C. Teel, III and BeveXly S. ?'eel, liis wife of St • I.11C ~Q ~~~~~y fto~id~, hereinafrer desgnated as the "MbRTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN ASSpCIAT10N OF FORT PIERCE, a corporation oryaoized and existing under ths laws of tM Un~~ed Statos of Americ~ and havirg in p~incipal place of busineu in tM City of Fwt PiHCe, St. lucie Counry, florids, hereinafter deignatcd ai tFa "MORT AGEE." i WHEREA$ fhe MORTGAGOR ia j~stly indebtsd io the MORiGAGEE in t~e sum of ~ 23~~~'~ , gopd and lawful money of the Un~ted Srates idvinccd by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certa~n p?omisswy note of even date herewith, of which the fol:owin9 in worda and figures is a tr~s copy, to-wit: s 23~800•00 ~ 10019361 fo~t Pierce, Florida, Ja~ua ry 31, 1973 19 fw value received, 1, we w eirher of us, prwn ~3 to y wi?hout defalcaf~on, to the order of FIRST iEOERAt SAVIIVGS AND IOAN ASSOCIATION OF FORT PIERCf at Fort i r e, F ida, the sum f w;th ineere t from date at the rate of 7• S% oK annum, i~ manthly instalt- ~nenu as follows: j on the ~~t d~__- ~Z~ 19 a o d a like sum oo t h e cwrespor~yln,) day o f eac h mont h t h ere- a+eer until the whote be fully paid. Each installment f~rst shall be applird in paymenf of the interesf and then on fhe unpaid balance of the prinupal sum. Ii defiult ;s made in the pa,rment of any installmen! when due, and such defauh coNinues 30 days, then at the option of the holde~, and without any otE~er notia•, all 1he rcmaini~g ~nsrallments shall be due and payable at once. Privilege is given to prepsy this r+ote in whole or in part af any t~me wi~hou~ pa~atty. Neit~~er faebearance, nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed exte~sion. A late payment tharye d S 8'8O sha!! bs ~ ~dded to each installment rema+n~ng unpa~d 7 days after its due date, and a t~ke sum shall be added to each such instaflment rema~ni~g onpaid 7 days after each svcteeding payment date. Each maker, surery and endwser hereof, jointty and severally, waives demand, presentment protest and ~otice oF protest fw nonpaymenf, and further agrees to any extension of t~me of payment, either be(ore a after matur±ty, wi~hout not;ce fo any of us; and to pay all cos~s of colleciion, includ~ng a reaso~able attwney's fee in the eve~t of any defauh hereunder~ and hereby severally waivcs al~ benefit of homestead and exemption u~der the constitution .cd iaws of each State of the United States, as against this obligation or any extension w renewal hereof. Witness the hand and seal of each party. (SEAu . _sl F.ioory C. Teel, III (SEAI) (SEAL) $34.70 _s/ Beverly 5. Teel ~~U ( ~ State Revenue ~3Tdf+fpr Aneeltld Df! D/lytn7l~fptlr NOW, THEREFORE, the MORTGAGOR fw the ipurpose of securing payment of said sum of = 23 ~ 8~.00 „ and the performance of ths covenants and agreements hereinafrer expressed, and fw divers good and valuable considerations, by theie p~esents, does grant, baryain, sell, remise, re~ease, convey a confirm u~jo the MORTGAGEE, its successors and auigns, al~ that certain lot, piece or parcel of land, situate, lying, and being in ths County oi L. Z'uCxe ar?d State of Flwida, described ~s iollows: D~iIT Lot 4, Block 159, LAKEWOOD PARK~NO. 12, as per plat thereof on file ~ in Plat Book 11, page 26~A, public records of St. Lucie County, Florida, ~ r ~ ~ MPD~~~ ~ S A ~,RY ~ o ~~wvE ~ - ~ 3 ~ ~ ; . : _ ~ r ~ ~ tE~: ~ ~ ° ; ~~to2 ~ ~ 1N PA~/MfJ~T flf t~ ' Rl~EIYED " i pUE pN CUISS 'C IMTANGtBLE PER~11L P~WfRn. pURSUANT Tp CFIMiER ~1-134. AGTS OF 19I1.~~~ ROGER POIiR/1S CLEitK CIRCUIT COURT. ST. LUCIE CO., fl/l i ~ ~ rogether with all and singular the tencments, hereditaments and appurtances thereunto belonging a in anywise ~ppertaining thereto, and a!I aents, iu~es, ; pr«ceds end profin acauirg and to accrue from ssid premises, all of which are included in the above and foregoing desuiption ~nd habendum. ~ ~ TO HAVE ANQJOQi~D the ~bove described •nd granted premises unto the ssid MORTGAGEE, its successon and ~ssigns foreve~. And th~ said i r~ ; r.1pRTG R fot - heirs, executws, administrators and auigns, hereby covenanri with the said MORTGAGEE, its tuccessors and ~uipnt, ~ ~°iey a re i rhat lawfully se~ze~ o~f~ he said prem~ses i~hel r ple; that the same are f~ee, clcar and dixhargrd from all liens and erxvm- ~ bra~ces in law or in equity, and that ZR will and heirs shall warrant snd defend the titte to the s+me to the said h10RTGAGEE, its svccessors and auiyns, forever against the lawfu! claims and demands of al) persons; PROYiOED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefwe destribed and shall t?uly, promptly and fvlly perform, dixfiarge, execute, complete, comply with and abide by each and every the ~tipulations, agreements, conditions and covensntt of said promissory note and of this Mwtgage, tF~en this Mortgage and the Estate hereby creared shal! cease and be nul! and void. (T IS UNDERSTOOp tMt the wwd "Mwtgagor" whether in the singular w plural anywhere in this Mortg~ge, shall be singulu if a-~e only ~nd , sha+l be plural jointly and sever~lly if mwe than one, and tlwt the word "their" as used aoywhere in th~s Mortgsge shsll be taken to me~n "his" "hen," o. "its;' whe?eve~ the context so implies or sdmits. Also, that whe~ever there is • reference in the covenants ~nd agreementt he~eirt wntained to iny of rhe paniet he~eto, the same shall be construed to mean as well as the heirs, legal represent~tive~, successors and assigro (eiti?rr voluntary by atl of th~ parties w involuntsry by operat"an of the law) of the same and that the covenants herein co~tained shall bind and ihe benefitf and advant~ges inun ro the respective he"us, kg~l rep~exntat7ves, successors and asa'gn~ of rhe pa~r;es hereto. And said Mwtgagon, for fhemselvrs and their heirs, legal representatives, succeuors and assgrts, hereby jointly and severalty coven+nt and ayree ro a~d with the s~id MORTGAGEE, its successors end assigns: 1. To pay sll snd sing~lar tFu principal and interest and the variovs snd su~dry sums of money payable by virtue of said promissory note, snd thq mortgaye, each and every, prompfly on the days respedively the same seve~ally become d~e. 2. io pay all and sirgvlar the raxrs, asxssmcnts, leries, liabilities, obligaYwns and encumbrances of every nature and kind now on said described property, or tha+ hereafter msy be imposed, suffered, plsced, levied, or assesud thereon, a that hereafter may be levied or auessed upon this Mort¢ age, w the indebtedneu secured hereby, esch and every, when due and payable, accading to law, befae they become delinqueM, snd before ~ny iMerest a~~aches a any penalty is incurred; AND INSOFAR AS ANY THEREOf IS OF RECORO THE SAME SHALL BE PROMPTIY SATISf1E~ ANp DISCHARGED OF RECORD ANO THE ORIGIhAI OFFICIAL DOCUMENT (SUCH AS, fOR INSTANCE, THE 1AX RECEIPi OR THE SATiSfACifON PAPER OFFICIALLY FNDORSfD i OR CfRTIFIfU) SHAIt 8E PL4CED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the evem that any thereof is not ! pa~d, saYSfied and discha~ged sa~d MORTGAGEE may at any t~me pay the aame w any part th~reof without waiving or affecting any option, lien, equity p •~qht ~nder or by virt~e of this morrgage and the fuN amount of each and every such payment shal! be immediately due and payable snd shall beu int~rest ~~om the date thereof until paid at rate of n~~e per cent~m per annum and together w'~th such interestah~ll ed by tFY jiEr14~ th:t morqtaye. ~O~r .Yst: j~a7 f ~'~.~°z~ _ ~ ~ • , ~ _ . . ~