HomeMy WebLinkAbout0940 CORRECTIVE MOR'IGAG6 2`~83g4
THIS IN~ENTURE. Mads the 25th day of January A.O. 19_ 3. betwten
_ Alfre~ F Wellinq and Evelyn R. Wel~.ing, his Ni~f~ _
of St. 1.LLC1Q ~punty flw~da, herei+wf~er desg~~atetJ as tM+e "A10R:G/~GUR." snl FIRST FfOERAI SAVlNliS ANC IOAN
ASS.7CIATION Of FQRT pIERCE, a co.paation or~artized and eais~~ng und+. ~he lawt o) the United S~aws uf Americ~ ar?d havinp its p~incipal place of
b,,s~~ess in iM Ciy of fort Pisrce, St. luc~s Covnty, flaid+, hereinaf~tr deaigna~ed as ~he "MORiGAGEf."
WHEREAS tM MORTvAG'.~R ~s jus~iy indebeed ro the MORTGAGEE in the su~n of S_16~8QOa~Q good and lawful money uf the Un;ted
S•ates adwnced by the MGRTGAGEE unto tha MO~TGAGOR, as evidancrd by a crrra~~ pra+usswy note of even daie herewi:h, of wh:ch the follow~ng irt
ro~ds and figures is a rrw copy, to-wit:
s 16.800.00 _ 10019334
F«r PK.~e, Fio.~do, Januarv 25 t9Z~
Fw value receivcd, 1, we a e~ther of us, prwn;x to pay, without defaica+~on. to the order of FIRST FEOERAI SAVINGS AND IOAN ASSOCIATION OF
=~JRT PIERCE at Fort Pierce, Fl~rida, ~M svm o4 S_16 ~~00. 00 wnh ~nterest from d.ite st the rate of7 • 75 Qe+ amwm, i~ monthly instalb
~~rntS di f0:!OwS: 5,38• on ~he 1OLhday of ~rCh _ ~q_ 73_ a likt sum a~ the cor~espond~ng day of exh month there-
a!ier until Ihe whole bt f~lly paid.
Exh instaflment iirst shail be appl~rd ~n paymrr.l of the interest and tM~n on the unpaid balance of the prinupsl wm_ If default is made in the
,,,;~r.ent of any insrallniem when due, and such drfautt cominues 30 days, shen at Ihe oprion of the hotdrr, and witho~t any other natice, aU the remaining
:,cal:menfs sfiail be due and payable at once. Priviiege ia given to prapay this note in whole w in part at any time without penalty. Neittxr faebearance,
nor acceptance by the h~tder thereof after any default in any payments hereon, shall be dremed extension. A late paymeM charge of S 6•90__ shall be
~d:fed ro each installment rcmain;ng unpa.d 7 days after ita due date, and a Iike sum shall be addrd to each such in:taltment romaining vopaid 7 days ~iter
ea,h succeeding naynxnt date.
Each maker, surety and endwser hereof, joinNy and severo~ly, v.arves demand, presrntment protest and notice of p~otesl fo+ nonpayment_ and further
a3rees to any extens~on of t:n:z of payment, rithrr brfore o~ aiter maturity, wiihou~ nn?;ce to any of us; and to pay all costs of collection, irxlud+ng a
r; ~sonable attorney's fee ~n thr event of any d:tn~ir he~eundrr, ar+d hereby severally woives a~l ben4fit of homestead and exemption u~ler the comtitution
: d'avrcs of each Srate of the United Statrs, as aga~nst this obliga~ion or aay eatenaio~ w renewal herr .
W~tness the hand and sea! oi each party.
S/ Alfred F. Wellina ~aU
(SEAU
(SEAu
(SEl?~l
NOYV, THEREFORf, the MORTGAGQR for the purpox of securing psyment of sa~d sum of S lb ~ 8~ • a~:d tF~e pcrformance of the
:ovenants snd agrecrrxnrs hereinafter exp.essed, ~nd for divcrs good and valuable cons~derations, by thex p~esents, does grant, ba~gain, sell, remise,
r~iease, convey and conf~rm unto the MORiCAGEE, its s~rccessors and ~ss7gns, a11 that ctrta~n Im, piece or pucel of la~, situate, lying, and being in the
Ceunty of St . WCie , and State of Florida, dex•ibed a~ (ollows:
Lot 12, Block 8, of Tucker Terrace, a subdivision in the SB~ of the SW~
of Section 9, Township 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 _
- .
~2, ~ t C4. :,a C~u `•a
County, Florida, g~ryEp =_L~71~ _ ~R P~':~~tENr OF TAxEs
MlE 0~9 C',11SS INTAF:GiBlE +=E ~:L11 PIiOTERIy.
i pURSUMIT i0 Clf~'~PrEF i1-134. AC1S OF 19I1.
ROGER POITRI?S
q,Et~( CI(tq1IT OOURT, ST. LUCIE 00.. FlA
~j
i ?his corrective mortgage is filed for the purpose of joining the wife of
~ Alfred F. Welling so as to release her dowez interest in subject property
I and subordinate it to the lien, operation and effect of that ceYtain sort-
~ gage from Alfred h. Welling to First Federal Savings and I-oan Association
l .
~ of Fort Pierce, Flozida dated January 25, 1973 recozded in O. R. Book 210,
! page 1318, of the Public Records of St. Lucie County, Florida,
~
eogether with all and singular the tenemeMS, hereditaments and appur.ances thereunto beionging w in anywise appeAaining thereto, aod all rents, issues,
~ proceeds ~nd prof~ts accruing and to accrue from said premixs, all of which are irxluded in the ~bove a~d fwegoing dexription snd habendvm.
~ TO HAVE AND TO HOLD the above descr"~oed and gnnted premises unto the said MORTGAGEE, its wucswn u+d suigns fwever. And tl~ ssid
~ ~.tORTGAGOR for --~b~lZ----- heirs, executors, admin~urarors and assgns, hereby covens~ts with the said MORTGA6EE, ib successon and auiyro,
~ r~ar --thg~~~-- lawfu~ty se~:ed of thr said premises in tee simp{r, th~t the same are free, dear and dixharged from all liens s.~d eecum-
c.-ances in law or ia cqu~ty, and that theX w;ll and t21e1Z _ heirs shall wursnt ~nd defend the title to the same to 1F~e said
~ ~',ORTGAGEE, its successws and assigns, fo~ever against the lawful claims and dema~ds of all persons;
~a
:5 PROVIDED, ALWAYS fhat +f the MORTGAGOR shali psy unto fhe MORTGAGEE the promisso?y note hereinbefo?e described and shsll fru~y, promptly
r a~d fully perform, d~scharge. execute, complete, comp!y with and ab~de by each and e+ery the stip~lations, sgreements, co~.ditions and covmants of sa;d
E c~rom~ssory note snd of ~his Nbrtgage, then ~h~s Mortgag. ~nd the Estate hereby veased shall cease and be ~ull a~d wid.
~ IT IS UNDERS100D that the wwd "Nbrtgagw" whettu: in the s~ngular w plural anywhere in th~s Mortgsge, shail be singular if one only a~d
~ shall be ptural joiMly and xveraily if more than one, and tha~ the wo~d °their" as used anywF~crc in tfin Mortgage shall be tsken to mesn "his," "hen,"
~ or "its;' wherever the cor.text so implies or a.~mits. Also, fhat wherever there is a reie~ence in the corenants and rgreertunts Ixrein contsined to amr of
~ rhr parties hereto, the same shall be construed ro mean as well as the F?eirs, legsl represenlatives, successas and assigrn (either volunrary by M of the
j partief or involuntary by opcration of the law) of the same and that the covena~ts herei~ cont:ined shalt bind and the benefib and advantages irwte
~ ro the respective heirs, legal representatives, successors and au~gns of the partip hereto.
~ And said Mo.tgagws, for themselves and their hein, leyal represents±ives, successors snd auigns, hereby jointly and sevHaily covensnt and ~gree
a ro ar.d with the said MORTGAGEE, ~ts auccessors and assions:
~
~ 1. To pay all and singula! tFu principal and interest a~d the wriovs u?d sundry wms of nwney payable by virtue of said promiuory note, and this
~ mortgage, each and every, p.omptty on the days respectively the same xverally become due.
~ 2. To p~y a~l and iinguisr the taxes, sssessmenn, levies, liabilities, obligatiom and encumbrances of every nature and kind now on ssid described
prooerty, p thet hereafter may be ~mposed, suffere~i: plxed, kvied, or sssessed thereo~, or that hereafter may be levied a aasessed upon fhis Mort9-
~ age, or the indebtedr.eu secured hereby, exh a~ every, when dve and payable, xcording ro law, before they become delinqvent, snd before any interest
>•tzches a any penalty is inturred; AJdO IPlSOFAR AS ANY TNEREOf IS Of RKORO THE SAME SHAII BE PROMPiLY SA115Flf0 ANO DISCHARGED OF
~ RcCORD AND iHE QRIGTtvAI OFFICIAI OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RfCEIPT OR iKE SATISFACiION P.4PER OFFICIAILY ENOORSED
~ OR CERTIFIED) SHAII BE PLACEO IN THE HANDS OF SA~D MORTGAGEE WITHIN 1EN DAYS NEXT AfTER PAYMENY; and io tne event that any tF~ereof is not
~ ~a.d. sat sfied and discharged sa d MORTGAGEE may at a~y time pay the same w any part thereof withovt waiving or aifectirg any option, lien, eqvity w
~ •~ahr vncier or by virtue of this morrgage a: d rhe f~ll amw,ns of each and every such payment shall be immcdiatety dve and pay+bk anc ihall bear i~terest
~ ~-om the date thereo~ unt~l prd at rate of n:ne per centum per an~um and together w~th such jq`~f~,~~ ,~e f wed by rhe lien of th's mwytaye.
~ a~, 1 '~~f 9~,
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