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Home My WebLink About2525 2~955~ ~ THIS INDFNTURf. Mad~ Iha 28th ` day of Febi li~ly A.D. 19 7~ - bet~vice~ Roberi W. Padriak and Annette R. Padrick~ his ife ~ oi St . j'u~ ~p~„ty flotida, hcreir~efte~ ~sgnated ~s IF~e "MO~TGAGOR." and fIRS~ fEDERAt 5+1VINC•S ANO IOAN ASSp~1ATlOy Of fORi PtERCf, a cwpaaROn orpa.~~zed and ex+ir~nq undr. :M laws of th~ Un~t~ Sr~~os of Mxrica arw~ havinp in prir.upal plice of busin~ss in the C+ty of fcx~ P.ace. St. lucie Couory, florida, htreina£ter desiynated as ~M "M01ts AGOE~'~ WHFREAS the MORTGAGOR is jvstiy iMkbted to the MC1R1~iAGEE in tne sum of S-- 6• good anc+ lawful money o( the Un:tad S~ates adwnced by ~he MORfGAGEf un~o the MORfGAGQR, as evi~lrnc~d by a c~nam pronussoiy note of e~en date ?~rew~th, of wh~ch thr foUowing in Y.o~ds and fgwes :s a srue cop;, to-wiC : 65,._~.~ N, 10019484 eat v~e.«. Fi«~d.. February 28 fv7~. For value r~e~ved, 1, ~n•e w ei?her o1 us, prom,se to pay, witFw~t defa}cation, to ~he order of HRST ffDERAI SAVINGS ANO !~,l4N ASSilt'IA-10AI OF FORT PIERCE al f~vt P~erce, Flo~ida, the sum of 65 ~0•~ 7•7 per annwn, ~n monlhly inseall- j______-2_-. w,fh ~nrrrest frorn dote at the rate of T~ ~~...~~vs as io1!ows: i_ 49~ ~ t~ lOttlday oF _ Aprll !9_~~ and a Gke sum on the correspond,ry t+~y of eat6 m~.~th t1~r~' atier until Yne who:e be fully paid. Each ~nsmllmrnt f[rst shall be applird in payment of the interest so+1 theR on the unpa;d balance of tAe pri~~c~pal sum, !i defauh is :~ade °n th. ~ a;ment of any instalt:ne~t whrn due, and such defau!t con~inues 30 days, then at the opt~on of the halder, and without any o!he? notlce. ~~1 tiw rer+.aning :,~stailments shall be dve and payaL•le at w~ce. P~ivilege is givrn to prepay this note in wFwle o~ in parl at any Gme without per.~lty. Nc~th.: fwebear~ntp r.or accrp~ance the ho~cier thereof aire~ an defavit in an ments t~ereon, shall be dremed exrens;on. A Iate g 2~`55 bY Y Y PaY paYment char i o( S- Shatl be ~d~_~d to eacF installment rema~~ung unpe:d 7 days after its due date, and s I~ke sum shaU tie added to each s~ch instailment remaa~~~g uopaEd 7 days a4t.K e~ch succeed~ng payment date. Each meke~, wrery and endorser hereof, joindy and severally, wa~vet drrnand, prexntment protest and notice of protest fw oonpay~neN, and further j~rees to any extensioo of rbne oE paymem, enhcr before or afte~ +nator:~y, without notice M any of us; and to pay al! costs of toileuion, inctud:ng s e_+sonable atrorney's fre in rhe rvent of eny drfau~t hereunder, and hereby severally waives all benefit of homestead and exemption under the constitutiw~ a~~d Iaws of each Stare of ~he Un~trd States, as against this obligation or any ext~~sian cr ~cnrwaf hereof. Wftness t}!r hand and uat of each party. ATE o~ ~LORIpA 1 ~?tDA ~ s~ Roeert w. Paarick ~AU JM,~NTARY~....{,,~ TAMP TAX AMP Tt~): ~ ~i REVENUE ~ . ~ g9.98, `~A" r;: 2 1 5 Z ~ ~ ~ s/ Annette R. Padrick $ 97 . 50 ~ l-- } Stafe Revenucs ` NOW, TNfRfFORE, rhe 610RTGAGOR for the purpox of securirg p~yment of ssid sum of S 65 ~ and the pe~formsnce of th~ covena~ts and agreements hereinaiter ea{xes:ed, and iw divera good and valuabte conaiderat~ons, by these presents, does grant, bar9a~n, sefl, remiu, .t~,a:e, convey and confirm vnta the MORiGAGEE, its syccess.xs and ~ugns, all that certain lo~, piece oe parce! of land, situste, lying, a~d being in ehe ~ounty of St. Lueie and State of F)wida, dewlbcd as follows: Beginning at the water's edge on the West shore of Indian River at the Southeast corner of i.ot 2~ Section 23, Toanship 35 South, Range 40 East. Fron this starting poinL rcm West along the South Iine of said I.ot to the West line thereof, thence North along the Wes! line of the Lot first above described a sufficient distance so that a line rur. East from thence to the waters of Indian Rivez and parallel to the South line of the l.ot will esbrace 10 acres of land, froa the last described point run Bast paral2e~ to the South line of said Lot first des- cribed to the waters of Indian River, theace in a generally soutaeasterly direction followirig t6e meander of Indian River to the point of beginning. Excluding froa this conveyance the right of ~ray of the Florida fiast Coast Ry. as noiv 2ocated across said land.- 2he 10 acres above bounded being exclusive of said right of way and being the South 10 acres of Lot 2, Section 23, Township 35 South, Range 40 Bast. Including Riparian Rights. The Nozth 80 feet of the follawing described land: The North 10 acres of Lot 3, Section 23, Township 35 South of Range 40 East. Said 10 acres to eabrace a strip of land fram Indian River on the fiast to ihe Wesi Iine of said lot, and sufficient distance North and South to includa ten aczes. Including Riparian Rights. Excepting fron the above described land the right of way of the Florida East Coast Railroad and the right of way af the public road, aid lands described in Deed Book 118, page 113. ~ rcge+her with all a~+d singular the tenements, F~ered~taments +nd appurtances thereunto belonging or in anywise appertaining thereto, and afl rents, iss~es, croceeds and profits accruing and to accrue from said premises, aN of which arc included in the above and foregoing dtxription snd habendum. TO HAYE AND jQ W,21D the above desuibed and granled premius unto the said MORTGACsEE, its suuesson and sss'g~s fwever. And ?hs said irie xr :'.rJRTGAGOR fo~ heirs, executors, adm:n~stratws and asi~gns, he?eby covenanri with the said MORTGAGEE, its suctessors ~nd sssigns, 1hat ~-g~@- lawfuily u~zed of tfie said p~emises in fee simple; tFjt the same are irK, clear and dixharged from all liens and encum- brances law or in equ~ry, and that they r,,;~~ a~ their heirs shatl wsrrant and defend the title to the same !o the ssid ~ .~.ORTGAGEE, its successors and assigns, fwever against the lawfut claims and demands of alt persons; ~ ?ROVIDED, ALWAYS that i4 the MOR7GAGOR shatt pay ~nro Ihe MORTGAGFE the promiswry rate Fxre+nbefore described snd shall truly, p?omptly ~ ar+d fully perform, d~xharge, eaecute, complete, comply with and ab~de by esch and every the stipulations, agreements, conditions and covenants of sa~d ~ promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shali cesse and be nuN and wid. _ iT IS UNDERSTOOD that the word "Mortgagor" whether in fhe s~~+gutar or ptural aoywhcre in thFS AAwtgage, sbal: be singulu if one only and ~ shalt be plural jointly and xverally if more than one, and tha~ the wwd "the~r" as used anyv.here i~ this Nlortgage shall be taken to me+n "his," "hen;' or "its;' wherever the context so implies or admits. Also, that wherever there is a reference in the covenants and agreements i~erein containcd to any of t"'~ rre parties hereto, rhe same shall be cons?rued to mean as wel! as the heirs, kgal rtpresentativet, sutceisora and assg~ (eithcr voluntarl by act of the oart~es or involuntary by operation of the law) of the same a++d that the covenants herein contained shal! bind ~nd ~he benef~n and adv~~t~ges inure ~ ru tF~e respettive heirs, legal rep~esentat+ves, successors and ass~gns of the parrtes hereto. „r And said 1lbngagors, (or fhemseives and rheir heirs, legal rep~eunfat;ves, suctessors and assigns, hereby jointly and severally coven~nt and agree 1~~-' ro and with the said MCRTGAGEE, its successors and ass'~gns: 1. To pay all and singular the principal and i~te~est a~d fhe varioui and sundry sums of money payable by virtue of said promissory note, .nd this mortgage, each and every, promptly on the days respec:ively the same severally kxcorr.e due. 2_ To pay aU and singutar the taxes, assessme~rs, tev:es, liabil+t;es, ob:gat;ons and erxumbrsnces of every nature snd kind now on ss~d deacribed p.operty, or that hereafte• may be imposed, suffered, plxed, levied, or assessed thereon, a that hcreafter may be levied or usessed upon this Morig- age, w the indebtedness secured hercby, exh and every, when due and payabte, xcording to iaw, befwe fhey become delirquenl, and before any inteiat >_'+aches a any penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RECORD THE SAME SHAII BE PRaMVTIY SATISFIED AtiO DIS~HARGFD OF R:CORD AND TME OR'GiNAL pFFYCtAI DOCUMENT (SUCH AS, FOR INS1Af~CE. TME TAX RfCEIPT OR THE SATISfACT10N PAPER Off(CIAIIY fNDOR5E0 C4 CERiINEO; SHAtL BE PIACED IN THE HANDS Of SA1D MORTGAGEF YJlIH1N TEN DAYS NEXT AFTER PAYMENT; and io the event that any thcreof is not ca~d, sat'sfied and d~scharged sa'd MpRiGAGEE maY at any time pay the same or a~y part thereof rvithovt waiv~ng ~r affecting iny option, iien, equi•y or ~~~h~ under or by virtue of th~s mortgage a~d the full amount of each and every sucA payment shall be immed:ate~y due and payabk and shall beu interqt ~~om ?he date thereo~ until pa~d at rate cf n~ne pcr centvm per a~nvm and tpge~her w~+h such interest shall be secured by the lien of th's morgtage. - - , _ ~ ~.~,,_i ~~-a- "`r' s ~ • =h E r ~ w. ~ ~ -c r _ ~:s.~ ~r;1.~`.