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?HIS iN~EN1URE. Made the 16th d+y of FebYUaYy . A.0. 19
73., betwean
_ John fi. Pennington and Mariiyit P. Penning~or~, his wife
T
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of St. WCi@ Covnfy Florida, hert~~ahp dtsiqnated q tM "MORTGAGc?R," and HRST FEDfRAi SAVIPtGS AND IOAN
ASSOCIATfON Of FORl PlERCE, a corpaation wQan~zed a~f ex~stln~ w~dsr ~i~ laws of IM Un~eed 5ta~~a af Ame~iu and Mvup itt prN?c+pa! place of
buiiness in tM City of fwt P~p. St. luw Courty. flwida, FKroinaftK desgnated ~s tM "MORiGAGfE."
WHEREAS tF+~ MORTGAGOR ia ;ustly indsbt~d 1o th~ AK1kfGAGEE in Mt sum of = 31 ,5~•l~Q , good a~d t+wful money of the Un~ted
Srates advanced by tl?~ MORiGAGfE unto tiia MORTGAGOR, as evidenced by a cata~n promissory nott of even dste herewi~h, of wh~ch ~he follow~np in
v.ords u~d f:gwq ii a trw topY. ?owit:
s si ,~oo. oo , i ooi 9aae
Poct Pierce. F~o.~., Rebruarv 16 ~y 73
Fd vafue rete~ved. 1, we or eithcr of us, prom~se to pay, wiihout defalca~ion, to the order of FlRST FiOFRAI SAVINvS AFlD LOAN ASS~CIA110N OF
FORT PIERCE at fon Pierce, ttor~da, ~he sum of ~ 31;500-QO w;rh imarest from dare at the rate of ~~S ?'o per annum, in monthly install-
,nents as !ot!ows: = 2~•~ ~ lOth d~y of `1~e 19_?3 and a lite wm on the sw:esp.x+d;ng day of each month tl+ert-
after vntif the whole be fully pa~d.
Each insteUment fint ahall be appl~rd in paymenl of the interest ~nd then on the unpaid balance of the princ:pa! wm. tF default is maoe i~ the
Eaymenl of any instatiment when due, and s~xh default contfnves 30 day~, tben ~t the opt;o~ of the ho{der, sr?d with~x:t a~y otF^~ no~ice, ~~I the remainirg
~"srallments sha11 be d:,e a~ payable at once. ~~..:~ege ;s givrn ta rre; ~y this note in wh-?Ie or in put a1 anp t~me wi~~a;~ pena~~y. Neither fwebtarance.
no~ accepfanc~ by the holde~ thereof aittr any default in any payments hereon, shall be deemed extension. A fa~e payment u.arge of S 12 s1u~! bt
a~ded to each instalfineM rcmaining u~paid 7 dsys afrer its due date, and a like sum shrU ~ added to each such installmenf ramairrrg b~~aid 7 days after
rach succeeding payment date.
Each makN, surety and Pndorser hereof, jointly and severa~ly, waivs demand, presentment protcst and notice of protest fq r.onpayment, and further
agrees to any extensan of t~me of payment, e~~her before w after meturiry, withovt nor~cr to any of us; and to pay ail costs of cotle:Ywn, includ;ng ~ '
~easonable attorney's fee in the event of any defauJt hereundrr, and hereby se~eratly wai.es all benefit of homestead and exemption under Ihr ca?stitWion
a:~d Isws of ea:h Sfate of the United 5tates, as against this oblgation w any extension w renew~l hereof.
W~tness the hand and stal of each party.
s/ John B. Pennington ~q
. tsenq
s/ Marilyn P. Penningtan ~
(s~u?
t $d7 • 25 t State Reve~ue _
(s+sewp. <.a«w.~a-ow.ow~i~.+. wok} 31 500.00
NOW, THEREFORE, thc MORTGAGOR fw the purpose of secvring payment of said tum of = ~ , ~nd the perforrrwnce of the
covenants snd agreements here~nafter expressed, and fo~ divers good and wluab:c conaiderations, by these presents, dxs grant, bargain, sell, raniu,
reieau, coovey and con(irm unto the MORTGAGfE, its sexceuors and su:9ns, all thal cert~in lot, piete w pucel of lar~d, situa!s, lying, and being i~ ths
Counryr of $t. LuCie , and Stste of Floride, dexri~ed ~s follows:
The North 1/2 of L.ot ~5, less the West 50 feet foY road right-of-~ray,•
WHI?B CI?Y SUBDIVISION, as per pl~t thereof on file in P~at Bdok 1, Page 23,
of the Public Recoxds of St. Lucie County, Florida
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a+ oF ~L~ QA
Y A M P 1 t• } ~ ~ IN PAYMEM OF TAXFT
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MEN aar : - ~
QEP
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Of RE~ENUf . ` ~UE ON CIASS 'C INTANGIBLE PERSU?VAl PPi)PER1'(.
= j~ Z~, ptli~iUANT TO CtiAP1ER 71-134. kCTS OF 1911. rnf
c m- =~;~1.773 i.: • " R06ER POIT6AS
°=1uoi , • qfA~ CINGlR OOURT, ST. WCIf 00.. f1A
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I togethar with all and si~gulu the tenemenn, hereditamenb u~d sppurta~ces the+evnto betonging or i~ anywise appertaining thereto, and ill renb, iuues,
pr«ecds end prof~rs xvuing and to xuue from said premises, all of which sre included in the ~bove ~nd foregoing desaiptan u+d habendum.
TO HAYF AND TO HOID the above described snd gnmed p~emises umo the ssid 1MORTGAGEE, iri svocessors and auigm forever. And Ilw s~fd
their
MORTGAGOR for heirs, executors, sdmi~istrators +nd aasigro, hereby covenants with tF?e taid MORTGAGEE, its succes~s snd assi~u,
~he a2 e prem;ses in fee s~mple; thst the same sre free, clear and discfrryed from sl( liens and encurtf
rhat lawfully x~ied of tFr_ said
~rances i~ taw or in equity, and that they will and ~he~ heirs shsti warrant a~d defe~d tt~ titk b the aama to the s~id
nAORTGAGfE, its successors and augns, (orever against the lawful cla;ms snd demands of ~It persons;
PROVIDED, AIYIAYS th~t if the MORTGl~:aOR sF?aif pay unto the N~ORTGAGfE the promiuory r»te ht~sinbefore destribed snd shall ttuly, ptomptly
and fully perfam, d~scharge, cxecure, caaplete, cor.+ply with and ab~de by each and every the stipulations, sgrceme~b, conditiwu and coven~nb of said
promissory note and of this Mortgage, then snis Mortgage and the Fsrate hereby crcated shsll cease and be null and void.
IT IS UNDERSTOOD thar the wwd "hbrtgsgoi' whelber in the s~ngular w plural anywhere in this Mwtgsge, shsll be iu~yular if one only u~d
shall be plural jointly and severally if more than one, and that the wcxd "theii' a: used snywhere in tha Mwlgage shall be tsken 1o mean "his;
"'hen,'
~r "ita;' wherever the context so implies w adm~ts. Also, tha~ wherever there is a reference in the covenann and sgreements herein cont~ined to soy of
rhe panies he?eto, d~e same shall be construed to mes~+ as well as the heirs, legal repressntativp, succesw~s snd assigns (either voluntsry by sct of tM
parties a involuntary by operetion of the I~w) of the same a~d that the covcnanri herein contained shslt bind ~~d the benefits a~d advantages irw~e
to the respective hews, kgal represenratires, succesaors and ass~gns of the parties hereto.
Ar~d said Mwtgago:s, for themselres snd their hein, legsl representstives, successors and sssg~s, hereby jointly and severally covena~t ar~ a~ree
ro snd wifh ti~e saij MORTGAGEE, its successws and auigns:
1. To psy all and singvlar the principal and interest and the various and sundry wms of mw~ey payabte hy virtue of said promissory note, and tbis
mortgsge, each ~rd every, prompN~ ar fht days ?espect;rely fhe same severally become due.
2. To pay a!I and sinyulr. the tsxd. sasessmenri, levies, liabilities, oWigstions and encumtir+nces of every ~stwe and kind naw on s+id desaibed
property, w that lxreafrer may be „nposed, suffered, placed, lev~ed, w sasessed the.eon, w tMt heresfte~ may be kvied o? usessed upon this MortQ-
age, w the indebtedness secvred lmreby, ead+ and every, when d+x and payable, iccordinp to Iaw. befae they become deli~quent. a~d before ~ny interesl
attaches or any pcna~ty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD 1HE SAME SHALL BE PltOJNPTIY SATISf1ED AND DISCHARGED QF
RECORD ANO THE ORIGlhAL OFfIC1Pl OOCUMENT (SUCH AS, FOR iNSTANCE, THE TAX RfCE1Pt OR TelE SAIlSfACT10N PAPER OffICIAILY ENDORSEO
OR CfRTIFlEO) SMAII BE ?LACED 1N THE HANOS Uf S41D MORIGAGEE WITHIN TEN DAYS PlEXT AFTER PAYMENT; ~nd in the event that any thereof is not
pa~d, sst~sf~ed and d~uhuged sa d MORTGAGEE may at any t~me pay ~he same a any par. ~hereof wi~ha,t wsivirg x affecting a~y option, lien, equ~ty a
•~~I,t vnder or by virtue of th~s nortgage a~d the fult amovnt of each and every such p~yment shall be immed~ately dve and payable and shall besr interess
~~om rhe dare thereof ~~til pa;d at .ate of n~ne per centum per an~um and together w~th such intereit sMfl be~fe~rr fie~ o r s mor tsge.
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