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Home My WebLink About0938 248393 ` THIS IN~ENTWtE. ~,de 20th d~y of hebruary A.O. 19 ~j ~?wK~ . ~ Clarence S. L•1lingtonLSr. and Parolee Y. Ellinnton~ -his wife oF St . Luc ie _ ~a„~N Fio,~d+, ~1ifilM1d~IN dasynated aa the ''MOkiGAGOR;' and ?~kST FEDEQAI SAYtkGS AN~ 104N ASSOCIATION OF FORT PIERCE, a~orpwal;on or9anized and exis•~ng undr Ihe laws of the Unieed St~ias of America anc Mvirr,~ itt princepal place of busineu in tFM City of fort Pierce, 5!. Luc;e Covnty, Flwida, Ixreinafter dcignated as tM "MORiGAaEE:' WHEREAS the MORTGAGCR is juuly indebted ro the MORTGAGEE i~ 1he svtn of S 1~~~~'~~ good and lawfu~ money of the Un;ted Staees advanaed by ~he ldOtTGAGEE ~nto the MOR~GAGOR, as evldrnced by a ce~ta~n promissory-note o! aven date hrrew~ih, of wh:ch ~he io~iowing in ~ards and fgures is a~~ue copy, to-wu: s 14,UOO.DO_ ~10019-3 5 8 fort Pie.cs, Fto.~da, _ Februa ry 20~, ,~y 73 Fw value recaived, 1, we o~ either of us, From~se to y, without defalcat~on, to the order of FIRST FEDERA! SAVINGS AtvJ LOAN AS~CIAT:7N OF FORT PIERCE a1 Fpt Picrce, Flunda, ihe •um of 5-1~-~~~~~~ - w~~h ~nrerest from darr at the rate of ?~~,r'~c per a~,num, in mo~thty ..~sta:I- •,~rnes as fo:!ov.,: 5-11 S.~~ - a+ lOthday of ~Ll 1---. 19_?3 and a I~ke sum on thr corrcspo~d=ng ~ay ~f ea.h mon•4 tierrr e~rtr unfil the wnO~e b2 fulty pdid. Each ~nstallme~t firat shatl be app'~rd in paYment of the intrrest and th~n on the ~npe~d balance of the pr7nrpal sum. If de~ault ~a made i~, the ;~~ment of a~y insta~imeat wnan dve, and such defauh conr~nues 30 day~, then at the option of the ha~der, and withow any o:hrr ~orice. a7! the remj~n~n9 ~:i~atlmenra sAall be due and paye~le at once. Priwteg~ is given to prepay lhis rwte in whele or in part at any t~me without penatty, k~ither forebearance, ror aaepfance by ihe ho:der thereof afte~ any defuult in any paymenrs hereon, shaU be deemed e:~ension. A late paymenf char~e of s_ SsTS ~a~~ ~ ~dd~d to ~,th instali:~:ent rema,n~ng unpa~d 7 days zfter its due da~e, and a like sum shall be addrd lo each such instalfinent rema~ning unpaid 7 days after rach succeeJing paym.em daTe. Each maker, surery and endwser hereof, join~iy ana severally, wa~ves demand, presentment p~otest and r.oticr of p~otcst fw nonpaYme~u• and furthe~ agrees to any extens~o~ of t~n,e o~ Nayment, e~ther beforr or afte~ maturity, wit!iout nonce to any o( us; and to pay a!1 coats o ollection, includ:rtg reasonable attornay's fee ~n the event of any default ~creunde•, and hereby severaily waives all benefit of homestead ar~ eaemption er ' uti ~,d Iaws of each Starr of the ilnited Srates, as aga~nst this obGgat~on w any eztension or renewal hereof. \Y:rness the hand and seal of each par~y. AL) s arence S El tington, ~ (SEAU s Paro ee P. Elling~ n ~ $21.0~ ) Sta!e Revenue iSldD~t ~QQ~~d Dd a~A31 ]~ttJ NOW, THF~TEFORE, t}v: 1NORTGAGOR tor the pu.pose of seturing payment of sa~d sum of = 1~~~~~•~~ a~d the perfotmance of the covrnants and agreeme~~s hereinafter expressed, and Fw divers good and valwbte considerations, by these presents, ooes grant, bargain, selt, ~emise, -r;ease, convey and conf~rm unto ~he MQRTGAGEE, its successors and assigns, alt that certain lot, piece or parce) of Isnd, situate, lying, and being in the Counry af $t . L'uC 1 Q arid State of Fb~~de, dexribed +s falows: Lots 10 and 11 aad the ~orth S feet of a vacated alley adjac~nt on the sauth, af Garden City Rarms, '•:i:YERfiOFF'S SUBDIVISIOV of Lot 48 /~s per plat ~t,ereof ort fi_le in Pl~t Bc~ok g, page 2b of the ?ublic IPCA£ds of St. Lucie County, Flo*_ida, I , .'~n~ :^~rt3~~~ars covenant that they are the identi~al indi•.~iduals _ j na~ed as ~rantees in trat certain '.:arranty De~~ fron P-, s T~ ~ Construction Co. Inc. t~~ C. S. E12in~*_on~nd Paro~ee r. E21i-:~ton, ~ his Kife, bearing date o.` rebru4ry l, 1963, recoz:ied i~ O. R. ~ Sook 56, ~a.;e S, of the Public [:ec~rd~ o~ St. ? ucie County, I ~loYida. ~ ~ .r ~ A E ~F ~~V R I C~ Li ~ RE~EIY~D s G~L IR PA'.'~~ct:T QF TAXES - QQ UMENIAR~ .•-.y TAMP it. U..' L oz ~ ~ ~ ~ ~ DiIE ON C1ASS'C' 1'VTILYGISLE F~:: ` ?."Oi~RIY, ~EPi. Ui REIIEMV~~ s PURSIIANT TO CH/1PIER 71-13~3. A;.iS OF ly/1. y ~ ~ _ P~~ rf~ : Y I. O O' - ROGER P017RAC 9 =~~rot t CLERK CIRGIIT WURT, Si. LUCIE C0~ fUl 0 rogether with all and sing~lar the tcnements, hered~taments and-appurtances thereunto belonging o~ in anywise +ppertaining therero, and all rents,- iuves, procceds and profits acauing and to xcrue from said premises, all of which are included in the above and Fuegoing dewipsion and haber.dum. ~ TO HAVE AND iO yOLD the above deuribed and gra~ted p~emises unfo the said IMORTGAGEE, its successors and assgns faever. And the said .'.ORTG G02 fa - thexr-____ tx;.~, e:ec~tors, admin;stratars and ass~gns, hereby covenants with the said MORTGA,riEE, its successon e~d auigns, t~ey a re ; rhar lawfu!ly seiz of the sa~ prernFxs in te~ sirpplr, thst the same are free, cku ~nd dixharged from all liens and encwn- ~ ~f.' tt1E'1T orances in Iaw or in equity, and that y will and heirs shall w~~r~nt and defer ~ the title to the same to the said ti'.ORiGAGEE, its s~,ccessors and ass~gns, fwever against the lawiul claims and demands of all persons; PROVIDED, ALWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the promissory note heteinbefore described and shall truly, promplly ~ rnd full~r perfarm, d,scharge, execute, compfete, co~:ply wirh and ab;de by each and every the stipula~ions, agreemeMS, conditipns aod covenants of said cromiS3My note and of this Mo:tgage, then this Mortgage and the Estate hereby ueated shall cease and be null and void_ IT IS UNDERSTOOD that the word "Mwtgagor" whether in the singular w plural anywhere in this Mortgsge, shall be s~ngvlu if one only and shall be ptural jointly and severally if more than o~c, and that the wwd "the~r" as used a~ywhere in this Mortgage shall be taken to mean "his;' "hers,'" ~ or "its;' wherever the conre:t so impties w adm.its. Also, that wherever there is a reference in the covensnts snd ag?2emenn herein contained to any of ~ fhe parties hereto, the same shall be construed to mean as well ss tF+e F~e~rs, legal ~epresentatives, succcsso?s and assgm (either voluntary by ~n of the ~ pa~sies or ~nvoluntary by ope?ation of tFr_ ~aw) of the same and that the cove~ants herein contsirxd shall bir?d snd the benefits snd sdw~tsges invre ~ •o the respective he'as, legal representatives, successors and asrgns of the partes hereto_ . ~ And said Mortgagors, fw themsetves ar+d the~. he~rs, legal reprexntatives, successo?s and assigns, hereby jointly and uverafly covenant ~nd agree ro and with the said MORTGaGEE, ~ts successors and auigns: ~ 1. To pay all and singular the principal and interest snd the various and sundry sums of money payable bp virtue of said prom~ssay note, ~nd th~s ~ r+ortgage, each and every, promptly on the days respedively the same severally becortro due. ~ 2. To pa1 all and f~n9vlar the taxes, sssessmenn, levies, liabilities, o6ligata>ns and encumbrances of every nsture and kind raw on said dewibed ~ prope~ty, or that hereafte~ may be imposed, suffered, placed, leviccs, a assessed the?eon, a tMt heresfter msy be levied a assessed ~pon this Matg- r age, a the i~debtedness secu~rd hcreby, exh and every, when due ~nd payable. accuding to law, befo~e they become delinqvem, and befwe sny iMerest a•rzches or an~ penalty is inc~rred; ANO INSOFAR AS ANY THEREOF IS OF RKORD THE S14ME SHAII BE PROtAPTLY SATISFIEO .AND DISCNARGED OF ~ ?ECORD AND THE ORIGfA:AL OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THf TAX RECEIPT OR 1HE SATISFACTION PA.~ER G`fICfAL:Y ENDORSED € ~ OR CERi1F1ED) SHAtI BE PtACED IN TNE HANDS OF $AID MORTGAGEE WITHIN :E~l DAYS NEXT AfTER PAYMENT; and i.i the event that any thereof is ~ot :j ; a d, saYSfied and d~uharqed sa d lI,OR7GAGEE may at any t:me pay the same a any part tfiereof .vithout waiving w affectino +ny option, lien, equity a ~ ~•qnt ~nder w by virtue of th.s mor~g,ge and th~ f~ll amounr of ~at?~ and every suth paymem shall pe immed~ately dve and payabk u+d shall besr interest ~ '•om the date thereof uMii paid a~ ratt of nirt per ccnt~m per annvm and together wAh~ O ip{~~st~,shall ~ sec ry~ed by the litn o~ th"s rnorgtagl. ~ ~iI ~ F~vl yW „:s ~ ~ - ~ - - _ - - - i .-s . 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