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HomeMy WebLinkAbout2985 ~ / . ~"~~02 THIS INDENTURE. Made ~?u 26th day of January ' . A.D. 19?3 _ between Edward H Sulliva~ and JQan P. ~ullivan~ his wife of St . ~.ilCl6 County Ho~ida, he~einafter desgnared as the "MORTGAGOR," and F~RST ~EDERAI SAYINGS AND LOAN ASSOCIATION OF FORT PIERCE, s corporat~on organized and ea~s~ing u~der the laws of tkx Un~ted Statos of Amcrica and having it~ pri~cipal place of business in ths City of For1 Pierce, St. lvcie Counry, Flwida, hereinafte~ desiyn~ted a~ the "MORTGAGEE." WHEREAS the MORTGAGOR is juitly ir.debted to the MORiGAGEE i~ the sum oF S 33 L9OO• ~0 , good and lawful money of the U~:ted Stafes advanted by the MORiGAGEE un~o the MORTGAGOR, as e~idrnced by a certam promissory note oi even date he~ewith, of wh~ch the foilowing in words and figures is ~ true copy, to-wit: z33.900.00 ~ 1oo193a2 Fort Pi~ice, Flar~da, ~anuary 26 19~_ fw value ?eceived, 1, we or either of us, p~om~se to pay, without defnlcar~on, to ~he order of FIRST FEDERAI SAVI~tGS AND IOAN ASSOCtAT10N OF FORT PIERCE af Fort Pierce, Florida, fhe sum of s33 • 900. ,N;th interest from date at the rate of _is_.,tio per annum, in moothly install- ~^enrs as iol!ows: S 279a 00 0~ the ~~h day of Mareh ~q_7~_ and a like sum an the cona~pond~ng day of each mooth therr ,~trer until the whole be fully pa~d. Each installment first shall be applied in payment of the interest and then on the unpaid balance of the prir,;:pa! sum. If delault is made in the ; aymenf of any installment when due, aod such deiauh cominues 30 days, then a? the option of the ~older, and with~ut any o!tier not~ce, all the remain~ng ~~stallments shall be due and payabie at once. Privilege is given to prepay this note in who:e or in part at any time wi~hout penalty. Neither (orebearaace, r.or acceplance by the holder thereof after any default in any payments hereon, shall be deemed extens~on. A tate paymenf charge of S 13 9.~, shal) be -dJrd ra each installment remain;ng unpa~d 7 days afrer irs due date, and a I~I,e svm shall be addrd 1o each such inatailment rema~ni~g unpa~d 7 days after each succeeding payment date_ Each maker, surety and endorser hereof, jointly and severally, wa~ves demand, presentmen? protest and notice of protest iw nonpayment, and further agrees fo any extensio~ of time of payment, either belore or after matu~ity, wiihout no~ice to any of us; and to pay all cosfs of collectio~, inctud~ng a re.~sonable attorney"s fee ~n the event of any default hereundrr, and hereby se~+erally waives all benefit of homestead and exemption under Ihe constitutio~ ~ d laws of each State of the United States, as aga+nst this obtigation w any exrer.s~on or re~ewal hereof. W~tness tF~e i+and and seal of each party. S/ Edward N. Sullivan (SEAI) (SEAI) S/ Joan P. Su 11 i van (SEAI) $50.85 ) State Revenue ~S~U fs ~~~ekvn~adgQ~ acmo# NOW, THEREfORE, the MORTGAGOR for the purpose of securing payment of said sum of S 33 , 900. ~0 , and fhe performsnce of the covenants and agreemems here~nafter expressed, and for d~vers good and vatuabte co~side~atio~s, by these presents, dces grant, bargain, sell, rem~se, ~t!ease, convey and confi:m unto the MORTGAGEE, its successors and ass~gns, att that certain lot, piece or parcel of land, tituate, lying, and being in the County of $L • WC16 and State of Fbrida, described as follows: From the northeast corner of the SE;; of Section 26, Township 35 South, Range 39 East, St. Lucie County, Florida, run SouLh on the east line of said Section 26, 588.1 feet; thence West 60 feet to a concrete monument on the west right-of-way line of County Road and the Point of Beginning of the lands herein described: Froo said Point of Beginning continue West 157.5 feet to a concrete monu~ent on the East bank of old creek channel; thence North 26° 27' West 105~0 feet to a concrete monument on the ~ast bank of old creek channel; thence North 18~ 36' East 117.0 feet to a concrete monument on the South bank of oid creek channel; thence continue North 18° 36• East 32 feet to the center of old creek channel; thence South 80° 36~' East along the centerline of old creek channel 158.8 feet to a point 60 feet West of the East line of Section 26, 7ownship 35 South, Range 39 East and on the West right-of-way line nf County Road; thence Soutt~, 60 feet west of , and parallel to, the East line of said ~ection 26, and along the West right-of-way line of Caunty Road, run 41 feet to a concrete monuoent on the 5outh bank of old creek channel; thence continue South along the West right-of-way line of said County Road 168.3 feet to the Point of Beginning; containing 0.82 acres, ~ ~ ~R I U A i ~ G_ IN P~Yh1ENT OF TAXES ; o~ OC;UIV~EN_ARr tAMP TA X~ RBCEtvE~ S__!C-l - ~ OFPT.a ~r~ ~ • DUE 0~'~ CU1~S 'C {NTANGIBLE PE :~Jt~L P~WER(Y~ _ ' ~ pURSUANT TO CWIPTER 71•134. AC1S Of 19)1 j)l~r o =~r~ ~ 5 Q 8 51 ~~T~ Q= ~t~ p ! CLEIe( CIRqlfT OOURT, ST. WCIf 00, FlA i ! rogether with all and singular the tenements, hereditaments and appurtances thereunto 6etonging or in anywise appertairting thereto, snd sll rents, issues, ~roceeds and profits accruing and to aarue from said premises, atl of which are included in the above and ioregoirg dexription and habendum. ; TO HAVE AND T H~LO the above describcd and g~anted premises unto the said MORTGAGEE, i~s successws and sssigns forever. And the said ~ t~ie ir ; MORTGAGOR for heirs, executws, administrators and assigns, hereby covenants with the said MORTGAGEE, its sutcesw~s ~nd sssigm, { ~ !~at -~-~1~-- lawfully seiied of the said prem~ses in fee simple; that the same +re free, ckar and discha?ged f~om all liens and ~ncum- brances in Isw or in equity, and that they W~~~ a~ tf1B 1Z heirs shall warrant a~d defend the titte to the same to the said ,1AORiGAGfE, its successors and assigns, forever against the lawful claims and demands of sll persons; PROVlDED, AIWAYS that ef the MORTGAGOR shall pay unto the MORTGAGEE the pr~y note hereinbefore deuribed a:~d shall truly, promptly and fully perform, discharge, execute, complete, comply with and abide by each and every tl+ 3tipulations, agreemenis, conditions and covenanh of s~id orom~sswy note and of this Mortgage, then this Morrgage and the Esta~e hereby aeated shaU ce~se and be null and void. j IT IS UNDERSTOQD thar the word "Mortgago~" wF+ether in the s~ngular or plurat anywhere in this Mwtgage, shall be si~g~tsr if one only and ; shall be plural jointly and severally if more than one, and that the word ^their" as used anywhere in this Mortgage shall be taken to mean "his," "hers," or "its;' wFxrever the context so ~mplies a admits. Alw, ~hat wherever there is a refermce in the covcrtants and agreements herein contsined to sny oi rhe parties hereto, the same shall be co~strued to mean as well as the heirs, legal representatives, successors and assigns (either voluntary by act of tF?~ parties or involuntary by operation of the law) of the same and that the covenants herein coMained shalt bind and the benefits and advantages inure ro the respective heirs, legal representatives, successors and ass~gns of the parties hereto. And said Morfgagors, fw themselves and their heirs, legal representatives, successors and assigns, hereby jointly and severally covene~t and ~gree to and w~th the said MORTGAGEE, its sutcessors and asi~gns: 1. To psy all and singulsr the principal and interest and the various and ~undry sums of money payable by virtue of said promisswy note, and thii rnortgage, each and every, promp~ly on the days respectively the same uverally become due. 2. To pay sl! and sirgular the taxes, assessments, Icvies, liabilit7es, obligations and encumbrances of every nature and kind ~ow on said described property, a tha~ hereafter may be imposed, suffered, pf~ted, levied, or auessed therew~, w thsr hereaiter may be levied a as~essed ~pon fhis A~{ort¢ age, w the indebtedness :ecured hereby, each and every, when due and payable, xcading to law, befwe they become deiinquent, and before any interest a?taches w any penalty ia incurred; AND INSOFAR AS ANY THEREOF IS OF RECORD THE SAME SHAII BE PROMPTLY $ATISFIEO ANO" OISCHARGED Of RECORD AND THE ORIG1tvAl OFFICIAI DOCUMENT (SUCH AS, iOR tNSTANCE, TNE TAX RECEIPT OR THE SATISFACTIOM PAPfR OFFICIALLY ENDORSED OR CfRSIflED) SHALt BE PIACED IN TME HANDS OF SAID MOR?GAGEE WITHIN TEN DAYS NEXt AFTER PAYMENT; and in the event tF~st any thereof is not paid, sat sfied and discharqed sa d MORTGAGEE may at any hme pay the aame or any part theroof without waiving or affecting any optia?, lien, equity or •~qht under or by vinue of this mortgage and the FuN amount of each and every such payment shall be immed~ately due and payable and shall bear iMere~t From ?he date thereof unt~l pa~d ar rate of n~ne per cenrom per an~um and togerher w~th such interest shaU J~cur d b ~he lien of th's mor ta e. ~t~k ~~C ~~'T!l~9 9 . .