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THIS INpENTURE. M~ ~h~ ~ist ~y of March ~.o. 19
73 b~tw~
Jobn 'Mrner McDe~ raid ~~,Ba;~a,r~,,~~ces McDer~id, his wife
oi - St. L1lC~~ ~ ~wu,ry Fbrida,~ hK~in~frK d~sipnated a~ iM "MORTGAGOR,~ and FIRST FEDERA~ SAYINGS AND IOAN
/?SSOCfAT10N Of fORt PlERCE, ~ corpo?ation oepanis~d u~d ~xistin~ uoda tM laws of tiw Unihd Statq.pf,./4n~riu ~nd MvGg its principal pl~n of
busirwt ie th~ City of Fort PiKa. St. lud~ Counry, flakla. M?~in~ftK dhip~aud a tM "MORT~iAGEE."
WHEREAS 1M MORTGAGOR i~ ~wtly tnd~bt~d to tM MORTGACsEE in tM wm of: Z~~'a~~~ , pood and lawful ma+~y of ths Un~ted
Sratet advancd by th~ MpRTGAGFF vr~to tM MORiGAGOR, ~s ~vid~nced by a certain promissory qote of ;eve~ dat~ h~r~wi~h, of which tM followinp in
w«di .oa fipv. b. t.w copr, ro-w~~: 10019595
~ 23~400•0~ ~
w.~ Pr.~.. F~.~., March 21 ~ ~q~3
For value received, 1, we or either of us, promise fo pay without defalcarion, ro rhs order of fIRST FEDERAL SAVINGS AND LOAN ASSOCIATtON OF
FORT PIERCE at forl Pierc~ Fiw ths :um Qf 23 ~ 4b0'~ with int t irom date ~t ths r~ts of~ ~75 96 per arw~wn, in monthiy instal4
ments u foUows: S ly~'~on tlis 1~ d+y of ay 19 and • like svm on the correspw?d~op d~y of e+ch month therr
after uMil the whol~ be fully piid.
Each irutai4nent fint shall be applied in paymenf of ths interest ~nd thcn on the unp~id batsnce of the princlFvi sum, if default is msds in the
paymenf of any instaltment when due, snd such defavh cw~tinues 30 days, then at the option of the holder, se~d without any other notice, sll tF?e tamairarg
in:tallmenh shall be duo and p~yabte at once. Privilegs is yiven to prep~Y this rate in whole w in p~rt at any time wNhout pK~alty. NeitFer forebearanoe.
nor ~cceptsnce by the holder thereof after any default in any payments hereon, shall be decmed extension. A ~ate p+yrrKnt charge of S$•85
_ shsl! bs
added to each inatal(ment remainin9 unpaid 7 days aFter Fh due date, and s like wm shall be added to esch such installment remaininp unpaid 7 d~ys ~het
eath svtctieding paymer?t date. •
~
Each m~k~?, surety and er?doaer hereof, iointly and severally, waives demsnd, presenu+xnt protest and notice of p?otest fw ~wnpaymmt, ~nd further
agre~s to any extension of time of payment, eithcr before a after maturiry, without rwtice to any of us; end to pay all costs of collecrion, i~ludirg a
reasonable sttwney i fee in the event of any defa~lt hereu~der, snd hereby severally w~frves all benefit of homestead and exemption un@er fhe constitutan
and laws of each Sute of the United States, as against this obligation or a~y extention w renewal hereof,
~tness the hand and seal of each party. ~
. (SE/?U
s Jo n 1lirner McDeraid ~
s r ra ranees McDeza3.d ~u
~ $35.10 ~ Stste Revenue ~u
(Staa~ c~odlsd an aiQi~~al.rwtr) _
NOW, THEREFORE, the MORTGAGOR for ths purpose of securing payment of said wm of = 23~4~•0~ e~d tM
performance of ths
covenants u+d agreements hereinafter expressed, and fw divers good and wlu~ble considerations, by these presents, does grant, bsrgain, se!!, remise,
release, convey and tonfirm u~t :he aIOR`,T}'aA~GEf, ih avtcesson snd assigns, all that certain lot, pieoe or putel of lu~d, situsle, ly'u+g, ~nd b~ing in ths
Gounfy of Lp i and State of flaida, desvibed u fdlows:
Lot 4, ~HERWOOD ACRES, UNIT 1~ as per plat thereof on
file in Plat Book 14, page 43, of the pnblic records
of St. Lucie County, Florida,
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~ together with ~I) u~d singulsr the fenements, hereditamenq and spp~rrtsnces fhere~rnto belonging or in ~nywise ~ppertainirg fhereta, snd dl r*nts, issws,
~ proceeds and prof~n accru~rg and to accrw from ssid premises, all of whicfi are included ie the abore and foreyoinp description ~nd F~abendum.
~ 70 HAYE AND 70 HOLD the above dssvibed ~nd granted premises unto the aid MORTGAGEE, its suocesson ~nd assipns forewr. Md th~ said
; their ,y ~y ~~~q ~th the s~id MORTGAGEE, its suaesson and ~uip%
~ tiM1ORTGAGOR fw - hein, executors, sdministrators and au' ns, he?
~ theY a re
: that lawfully seized of the ssid premises 1p_ ~e~ r ple; that the s~me a?e free, clear ~nd disch~rged from ~It liees and encwn-
I brances in Iaw o~ in equity, u~d that will ~nd 'G[3 1 hein shall warrant and defend tM fitk w the sams to th~ said
MORTGAGEE, its succeuor: ~nd suigns, forever egairut the lawfu) claims and demsnds of sll persan;
PROVIDED, AlWAYS that if the MORTGAGOR shsll piy unto the MORTGAGEE the promisaory oote herre'x?before described and shall truly, promptly
and fully perfwm, diuharge, execute, complete, tomply with and sb~de by each and every the stipulstions, ~greemenb, conditiotq and twenanfs of said
~ promiswry ~ote ard of this Mwtgsge, then this Mwtgage and the Esate hereby aeated shall ceas~ and bs nvll and void.
I
IT IS UNDERSTOOD th~t the ~word "Mortysgw" whether in tM singular or plurs) anywher~ in this Mortyaye, shall be sinqvler if one only uid
shall be plurd jointly ~nd severally if mws tl+~n one, and that the word "their" ~s vsed snywf~ere in tha Mort9sge shall be t~ken to mean "t~is," "hen," ~
; or "its;' wherevcr the context w implies or admiri. Afw, that wl+ereva there is s reference in th~ covenant~ and ap?eementa herein contain~d to u~y of ~
; ~he psrties heieto, the samp ahal) be wrttMued fo mea~ ss well ss the hein, kyal npresentativet, successon ~nd assgro (either volunt~ry by ~ct of th~ ~
; parties or imoluntsry by operation of tha Isw) of 1F~e ssme and that the covenants herein tontai~ed shall bind and rM beoefin and .dvsnr.y~s ~ur.
to the respeclive hein, kyal represenfatives, succetwrs and au~gru of tM putiss hereto.
z And said Mortgagon, fw themselves snd their heirs, legal representatives, suaesso?s and suipru, hereby jointly arrd sevetally tovenant ~nd apr~e c~'''.~
~ ro and wirh rF~e said MORTGAGEE, in svccesson ~nd suigm: ~
~ 1. To pay ~II ~nd sinpular the princip~t a~d interest ar+d tMe var'aus and wndry wms of moneY paYable by virtve of isid promis~ory rate, and thi~ ~
i mortSye, each and every, promptly on the days reapecYrvely fhe same ssr~rally become dve. . ~
; 2. To pay all and iingvlar the tises, issesunents, levies, liabilities, obligatiau and encumb~ances of every :wnwe and kind now on ~aid desaib~d ~
~ prop~rty, or that haeah~r msY be imPosed, wffe~ed. P~aced. levied, or assessad thereon, w that hereaha may bt levisd w aishsad upon thi~ Mortg~ „c
spe, or tM i~debt~dneu secured hneby, esch ard twry, wh~n due ~nd psyabk, accadinp to Inw, before they becoin~ dslinquent. ~nd befon ~ny intar~st
sttathes or ~~ryl pen~lty is incwred; AND INSOFAR AS ANY iHEREOF IS OF RKORD THE SAME SHAII dE PROJNPTIY SATISfIED ANO DISCHARGEO Of G.~
RECQRD AND THE ORIGINAI OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RKEfPT OR THE SATISFACTION PMfR OFFICIAl1Y ENDORSED
OR CERTlfIfD) SHALL EE PUCED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; se~d i~ tFw event fMt a~y tF?Kwf is no1
p~id, sat'sfied ~nd discharged sa:d MORTGAGEE may ~t sny time pay the tsme or •ny p~n thereof without w~ivinq ot affectirg any option, ian, sq~rity p
•iqht ~nder or by vinue of this morty~e snd the futt ~mount of each and eve~y such payment shall be immediately dve and payabk ~nd sFull beu interest ~
Srpm fh! {~~ff thtllO~ until paid ar .a~e of n~ne per cenrum per •euwm and toyerh~r w~tF~ wch interest shall be secwed by ?M lien of th:a morptayt. ~
~-s, ~ - _ . . - - - . _
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