HomeMy WebLinkAbout0153 249980 ~
rn~s ~rvofr~TUe~. Mad. rn. lSth ~y ~ March ~?.c. t9-~ e.nw.«+
CQCil R Padrick and Fr ++~i ~ t__ psdri ~ hi. f. aud Clasa B. Haaqard~„ a w~cbw
o{ St. LL?C~e . Cp~~y Flaid~, 1?K~In~fiM dqipruted u the "MORTGAGOR," ~nd FIRST FE~ERAL SAYINGS AND IOAN
ASSOCIAiION OF fORT PIERtE. ~ aorpor~tion orpanis~d ~nd ~aisti~p w+da tM laws of tlw UniNd Sa~a of /1rnN1u snd havlrp fn principa) pl~cs of
l bu~a In tM City of fwt Pi~rta St. Luci~ Camty. florida, hK~ln~hte d~i~pnatd u tM "MORTGAGEE."
lT WHEREAS tM 1NORTGAGOR is j~ptly Ind~bNd b tM MORTGAGEE. i~ 1M sum of = 9~ l~ yood ~nd lawfvl mon~y of the Unit~d
~i St~t~s ~dvanc~d by th~ MORTGAGEE unro ti+~ MORTGAGOR, ~i evidanced by ~ cKt~in promissory nat~ of aven dat~ hK~with of which tFw foJlowinp in
d words Md fipuns b a f~w copy, to-wit:
; 9 ,100.00 N, ~m 195~
w„ P~..a. ~o.;d,, March ~5, i9,3~
~ Fw v~lw ~sceived, 1, we or eithcr of us, promiss ro pay, without deialcation, to the order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION Of
FORT PIERCE at Fort Pierce, Flwida, ths sum of = 9+ j~ with interat from d~te a1 the rate of 7 t?+li par Mnwn, iri.y~onthly lnstalt-
ments ~s iollows: =?5 t~ p~ the 1O ~h day of Mby 19 73 and a(ike swn o~ ehe correspa~dinp day of each ~wnth thtrr
~ after ~ntil ths whob be fully paid. •
E~th instaliment first shall b~ appl;ed in psymeot of ths intercst and then on the ~npaid balaoce of the prindpai sum. If defauit is mads in tM
~ paymcnt of a~y installm~nt when dve, and such default continues 30 days, thee at the opYwn of the helder, and without any othe? notice, al! the remaininy
~~s~allments ahal! be due and payable st once. Privileg~ is yiven to prepaY this note in wholt w M part ~t sny tims without penalty. Neither forebe~?ante,
nw acceptsnce by the holder thereof after any def~vlt in any payments hereon, shall M deemed exte~sion. A late payment tharpe of f 3•75 shall be
, adrled to each lrutallment remaining ~npa;d 7 d~ys ~fie? in due d~te, and s like sum shall be added to esch such instaltment remair+ing unpaid 7 days aher
eath succeedt^9 P+Yment date. _ - - -
' Each make?, swey a~d endwser hereof, jointly and sevenlly, waives demand, presentme~t protest and notice of p~oteat fw nonpayment, and furfher
agrees fo sny extension of time of payment, either befo?s or after maturity, without ratice to any of us; snd to psy all costs of colledion, inclvdi~p a
r reasonabte anorney i fee in fhe event of sny defwU hereunder, ar+d hereby severally waives all bsnefit of homestead and exemption under ths constitutioe
~ and laws of each State of the United States, as apsinst this oblipation w ~ny extension or ~enewal.tKreof.
Witness the 1»nd and scal of each party.
- ~ s/Cecil R. Padrick ~ ~ ~
s/Francis L. Padrick ~
$13 65 s/ Clara B. Hagc~?rd,a wicbw ~
( • ) Staro Reven~e
16a~w's-oMC~il~d-w.-wijiw.F ns~e) .
NOW, THEREFORE, the MORTGAGOR for tM purpose of securing payment of ~id sum of i 9.s1~•~ and tM pe~formance of ths
covenanb ae?d ayroements hereinaher expreued, and for divcrs yood and wlwble consideratwru, by thtse presents, does pnnt, b~ryain, sell, remise,
release, convey s~d tonfirm unto the MORTGAGEE, in suctessas and ~uigns, all that certain lot, piep or pucal of land, aituatt, (yirg, and beinp in the
County of St . LtiC1Q ~~are of Florida, d~wibed as fdlows:
Lot 1 and the Bast 25 feet of Lot 2, Block 5,
RSP4A? OF PALM GARDENS, as per plat thereof on
file in Plat Book 12, pa~e 42, public records
~ of St. Lucie County, Flozida,
.r ~
~ ~
o~ °f ~UlIRENtA ~ ~11RP T A ~ .,t
.
s" ~O OE'I~t Oi RE E~M1E y:
s,,, a, ~ 4 , r~--- ~~r~tr:.~c~~ v!~~~` '
~ d = ~ 's,~ra~ ~ ) 6 3i 1 ; ?n,:~~;~.,; ~ts oF iyr_.
' e it-
. e n+92 ~ - } .,:;ts:irdt! ~~cg F(!lti~AS ~:If. ; •
, . . . . . ~+q~;?j t'C+.1~. 5~• ~
~ together with atl ~nd singul~r the tenemenn, hereditsma+n snd app~rtances thereunto belonginy a in anywisa sppert~ininp ti~steb, and aU rents, istues.
procseds and profin atcwing s~d to acvue from iaid premises, all of wii~ are inctuded in the above and foreyoinp description arid hsbendvrr?.
j TO HAVE AND TO HOID tF~e above desvibed and gr~nted premises unto the said MpRTGAGEE, its auueswn and aasiQra foreva. Md th~ s~id
MORTGAGOR for lh~+? r hein, ezecutors, admin+stratas and assigns, hcreby covsn~nb with fh~ s~id Iy1pRTGAGEE, ib woc~saon ~nd ~tsipns,
rhat tbe-y are lawiully xized of the said panises in fee i le; that the same u~ frae, cle~r and
~+P d'isch~r~ed from all liens ~nd ~ncvro-
b.arrces in bw or in eq~rity, and thst tbeY ~ the3ar ~;n ~p warrant and defend the title a the aarn~ to tM wid
MORTGAGEE, in svaessors ~nd sasigns, fwever agai~t the lawful daims end demands of ~II penons; .
PROVIDED, ALWAYS that if tF~e MORTGAGOR shall pay unto the MORTGAGEE the promissory oota hereinbefor~ described and shaM trvly, promptly
end fully perform, dixAarge, execute, compkte, comply with ar?d abide by esch and every the stipulatans, apreert~enb, conditioos ~nd tovensnb of said
promissory note and of this Mwtgage, then thi~ Mwtgsge and the Est~te hereby ueated sMll ceae snd be null and void,
IT IS UNDERSTOOD that the word "Mwt !
shall be 9+9a~~ ~ther ln the sinpular or plunl anywhere in tha N~wt9ape, slutl b~ sinpulu if on~ on~y snd ;
pluril jointly ~nd serer~!!y if more than oae, and that the wad "their'• u used snywhere in tha Mort9spe shsll be Uk~n to mea~ "hh,•• •'Mrs,•• j
w"its;' wherever 'he contezt w implies p ~dmits. Alw, th~t wFrcrever there is • reference in the oovenants and ~greemenb herein oontsirnd to any of f
rhe p~rties hereto, the sane sMll be constrved to meui ss weli as the heirs, ky~t npresenqtivea, waessors aed au~m (~ithn votuntary by act of th~ ;
par~ies or involuntsry by operation of the law) of the same snd that the covensnts herein oomai~ed shall bind and the benefiq and ~dvanbpp i~wn ~
to tiw rapectiw hein, kyal roprescntatives, wccesson ~nd asscyrq of the puti~s hereto. 4
Md said Mwtyayws, fa themselves and their I~eirs, legsl represeotatives. successors and ~sfiyrq, hereby joinNy and severally covenaM and apr~e
ro and with the said AIWRTGAGEE, i» successors and auigns:
' 1. To p~y ~II and sirgvlar the princip~l sed i~te?eu and ths various and iundry surta of money paYable by vinw of ssid promiisory note, and thi~
^+a~y+pe, wch ~M1 everY. W~P~~Y ~ t~ days respeq'nely th~ ssme severallr become due.
2. To p~y all ~nd si~pula the t~xes. ~uessmentt, kvies, li~bilities, obtiyatio~s and encumb~anc~ of ewry nstun and kind now on pid dewib~d
pruP~?tY, a that haeaftsr maY bw imPw~d, suffaed. P~+ced. levied, o~ sssessed thereo~, or that Mreaher rruy M kvied w~sfessed upon this Mortp.
age, a tM indebtedn~ss ~eevred hereby, each and ~very, when due ~nd payable, accordirg ro law, befon th~y become delinqvsnt. ~nd befon any fntK~n
attaches a ~ny penalty a'aiturred; AND INSOFAR /t5 ANY THEREOF IS OF RECORD THE SAME SHAII 6E pROMPTIY SATISFIED AND DISCHARGEO Of
, RECORO ANO THE ORIGINAL OfFIC1Al DGCUMENT (Sl1CH A5, FOR INSIANCE, iHE TAX RKEIPT OR THE SA715fACT10N PMER OfFICIAIIY ENDORSED
OR CERTIFIEO) SHAII BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYAAENT; and i~ the ~v~ent that u~y tM~eof b na
paid, saYsfied and discharQed sa:d MORTGAGEE may at sny time p~y the same a any pwt thereof witho~t wsivirg or affectiny ae~y option, li~n, ~quity p
•~aht und~r w by vi~tue of this morrg~ye snd the full amoum of each snd every iuch payment ahall be immediately due ~nd p~yable and ~hall bsar intKest
~•om the d~te the~eof until paid at rate of n~ne per ce~rum per ~nnvm and toyerhs~ w.rh such intsrESt shall b~ sec~red br tF~e lien of th:a morytapt,
BOOK
r~ R PACE ~53
~ - -
- ~ ` ~ ~
~ - ~
_ ~