The URL can be used to link to this page

Home My WebLink About2310 249394 ~ THI3 INpENTURE. Mad~ 12th d,y of January 19 7~ John Peavy, Jr., and Betty Peavy~ h s wifa o{ St . Luc ie ~ Cp~~~y fbrida, herainsitie des~~ated as t1~a "MORTGAG~JR," snd FIRST fEDERA~ $AVINGS AND IQAN ASSCC1ATtON OF fORT PIERCE, a corpa~t~an wyanized and ax~iung u~der the lawi oi tM Un~ted S+aqs of Arnaiu ~~d Mvinp in principa! piau of busi~wu in ti+~ Cty of Fwf PiM~~. St. l~ci~ County, fbrida, hercinait~r d~i~pnatad as tM "MORfGAGEE.° WHEREAS th~ MORTGAGOR is wtl Fodebtad w thi MORTGAGEE in tha sum of S$ s~~ ~ y r good and lawful ma,ey o~ the Uo:~ed States advanc~d by ths MORTGAGEE unto the MORTGAGOR, a~ evidrnced by a ccr~a~n promissory nale of even date he~tw~th, of wF?~ch tlr toi~w:.+g i~ w«di ~nd fiyures n s uw copY, to-wit: 1p019'l85 = 8 ~ ~ .00 ~ No ~ F~~ January 12, 19'73 for wl:~e received 1, we a either of us, prom[see~to y, w~rhout defalca?;on, to rhe order of FIRST FEOERAI SAVINGSS AN~ IOAN ASSOCIATtOTI OF ~ORT PIERCf at Fwf Pierce, florida, the suT of s 8~ wieh i~terest from date at the rate of 7~o pe~ annum, in monlhly ins1a11- menu as foltows: S 81 on the 1Oth day of Feb z ua r y ~ ~97 3_ snd a like sum o~ ths cwreapond~ng day of exh month thcre- afrer until Ihe whok be fully paid. V Eath install.~nent fint shall be applied in payrt~ent of the intercst and then on the unpaid batance of the printfpal sum. If delault is ~de in the ~ payment of any irtstallmenr when due, and suth defavlt continues 30 days, lhen at the optiw? of the holder; and vrithout any othcr notite, all tF~ rtmai~ing ~nsfallrrk~ts ahsll be dvr and payable at o~ce. Privil~ge is givm? fo prtpay lhis rate i~ whole or in put ~t any Gmu withoul penalty. Neilhar iwabea~ance, ~ nor acceptance by the hoider thereof after any defavlt in any paymenfs hereon, shall be deemed extau~or?. A tafe payment cMr9s of : 4•O5 , ahall bs added to each installment remaining ~npaid 7 days afler ifs due date, +nd a I~ke sum shall tx added 1o each such instaltmtnt rtmainitg unpaid 7 dsys ahtr ~ ~ each wcceeding payment date. J, Esch make~, w~ety and endwsen c~reof, jointly and sever~lly, waives demand, presentment protest and nofice of protest for ~+o~psymenr, and further C agrees ro any extension oi +ime of payment, eiti+er befo~e a af~er matw;y, wirh.wt notite to any of us; snd to pay all costs of colkctan, inclvd:rg • ~ reasonable attwney's fee in the event oi any defauit hereundcr, and FKreby severatly waives all benefit of Fanxste~emption undet the tonstit tion and laws of each 5tate of tF+e U~ited States, as aga~nst this oblgation. w any exfensiQn or renewal hereof. Witness tt+e hsnd and seal of each party. `ri ~ o ~ c.J'"R csEAU ~ s/Jo n Peav J . ~U ~ cs~?u s/Bett Peav ~ ( ~ 12 . 7 S ~ Sta1e Reven~re (~u (`.r~a+^P+'"dncells~ ar oriQind To?d) NOW, THEREFORE, the MORTGAGOR for the p~npose of securing p~yment of ssid sum of Sg ~ S~ ~ ~nd the pafo~mance of ths ~ covenants and agreements hereinafter expreued, and fa d~vers good and vstuabte consideratip~s, by thest preser:ts, does Qrant, ba.pain, selt, remise, ~ release, convey and confi~m vnto the MORTGAGEE, iri sutceswrs and .uigns, alt thal certain lot; piete or parcel of land, situate, lying, and beit~ in the ~ ~a,~y S t. Luc ie aed State of Fbrid~, dcuribed ~s fdlows: ~ v Lots 2 and 3 and the East 7.5 feet of vacated Alley adjacent on the tti'est, tIBERTY PARK, a Subdivision, as per Plat thereof recorded in Plat Book 7, ~ !'age 54 of the Public Records of St. Lucie County, Florida, oF FLORIDA~ ~ ~ ST ~ S1AMP tA>.1 ~ P,;: ~ ~OCUMEr1TARY ..y«.,_ i ~ oN o~ ;,ixEs c ~ DEPI.~ER 1fENUE ~S 'C' INTANGIBLE °E~:J.?.JL Php~R PUR~IANT t0 CFiAPTER 71-13t. IICTS OF 191L ~ sr co - " ~ o= r.a =~~~7s ~ 1 Z. 7 1 Ano~r PoRr~s ~ a~ ra~Aar~ c,ouRr, sr. u,c,~ ao, F u, ~ s uiot ou 0 . ~I i ~ I rc~=ther wGth all snd singular the tenements, hereditsm.nq snd ~ppurta~ces therevRto belwgirg a in anywise appertainir~ there% snd aU renn, iswes, procerds and profib accrui~g and to sccrue from s~id premiscs, sll of wFiKf? are included in the above aeid fcregoing descriptan snd habendum. ; ! TO HAVE AND TQ F19W the above dexribed and granted pemises unto the said N10RTGAGEE, its suaessas and suigns foreva. Md th~ ~aid ! MORTGAGOR for t[7e 1r hein, executon, adm~~istnso.s snd ~ssigns, hereby covenanb with the said MORTGAGEE, it~ waeswn ~nd ~ssiQun, tlley a re ~nat - - lawfully seized of the said premises in fee i:mple; thar the sa:ne are free, cku ~nd dischsryed from aN liero and anc~wer brances in !aw w in equity, and that they W~~~ a~ their heirs shall wurant artid deferd ths titb fo the same fo the said MORTGAGEE, irs succeswrs and auiqna, forever against fhe Iawfvl dsims ~nd demsnds of ~II persons; DROV1DfD, AlWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the promisswy ~ote hereinbefore dexribed and sh~ll truly, promptly and fully perform, dixharge, execvte, com~lete, comply with and ~b+de by each and erery the stip~(~Ywns, sgreement~, conditions and ooven~nn of said promissory note and of this Mwtgsge, then this Mwtgage and the Estate hereby ve~ted shall cess~ snd be null and void. ' IT IS UNDFRSTOOD thst the word "Mortgsgor" whether in the singular or plvnl snywhere in this Mwtgs9e, shsll be sirgular if one orJy and shall 6e plural jointly and severally if more than one, and that the wwd "~heir" as used snywh~re i~ thK Mort9~ge sh~ll be tsken to mes~ "his," •'hers•• or "its," wherever the contex~ w implEes p admirs. Alw, that wl+ererer the?e is a reference in t?~e covensnb snd ~greertmnri F~erein tontainzd fo any of the psrties hndo, the same shall be construed to mcan ~s well as the heirs, kgsl representativp, suuessas snd auigro (either Yoluntary by sct of tM part~es or imrolunary by oper~Ywn of tne faw) of tlw same and tk.at the c~~enants herein contsined shatl bind ~nd the benefib and advanfaQes ~mxe ' ro the respective hein, feQal representitires, svccessors snd su~gro of the putia he~do. And said Mortgagors, for tfxmxlves and thein c~in, Icg~l representatives, successon and suigns. heteby jointly and severslly toven~nt uid apree ' ro and with the said MOltTGAGfE, its succxssors snd auigns: 1. To piy sll snd singular the princ~pal snd interest snd the var~ous and sundry wms of moeey paYable by virtue of said prom~sswy note, and this mo~fyage, eac?~ snd every, prompNy on the days respectively the same severally becort~e dve. " . 2. To pay ~II and iugular the tsxes, usesuncnts, le~,ics, lisbilities, obl7gstions and encumbrsnces of every nature and kind raw on ssid desvibed property, or that heresfter msy be imposed, suffered. Ptsced, kv~cd, a auessed tfeereon, ot that heresfter may be levied a uyessed up~on tlus Mortg- age, or tht i~debtedneu se~cured hereby, each and every, when due and paysble, ~ccwdinp to Isw, befo?e tF?ey become deli?puent, and befw~ ~ny irNerest ertaches or any penalty is incurred; AMO INSOFAR AS ANY ?MEREOF IS Of RKORD iHE SAME SHALt 6E PROMPTIY $ATISFIEp AND DISCHARGED OF RECORp ANO THE ORIGINAL OPfIC1Al OOCUMENI i5l1CH AS, FOR INS7ANtf, iN.E TAX RFCFIPi OR 1Hf SAIISfACT10N VADER OFFICIALIY ENOORSED OR CERTIFIEO) SHAII 9E PtACED IN THE HANDS OF SA~D lNORTGAGEE WlTHIN TEN DAYS NEXT AFfER PAYMENT; and in the e.ent that an~ thereof is rat aa~d, sat'sfied and discharged sa:d MORTGAGEE may at any ~~me ~ay the same or any part th_reof witFwut w~iving or sffecti~ amr opfion, lien, eqiriry a •~qhr unde~ or by viitue of thFs mo.rqage and the full amount of exh snd every such paymem shall be immed;ately due and pay~oie and shall bc~r interqt ~.om the date thereof until ps~d at rate of n~~e per sentum per snnum and togerher w;th such inte~est thavJ.be~~! ~h~J~e~~•~ moryts~e U 1 ~ ~ i f~ ~ ~ x ~ _ ~ ~ '"y~'~ a- L- ` ~ r~~Z:: , ;~~i _r'~~.~ ° , ~ r! . . ~..e,-' . ~ ~-W._. ~