HomeMy WebLinkAbout0961 250558 ~ - '
THIS INpENTUR6 AAd~ th~ 1 6t1'1 ~y pf ~AY'Cl'1 , A.p, 19~ b~twe~e~
_il W. St rn 4 and ,,lacat~,,,~,eline Ela nA Starnes. his wi_fF±
of $t • Lucie ,~,~y Floi~da, F~ein~h~r d~sgnared ~s ~he "1NORTGA " Md FIRST FEDERAI SIIVINGS ANp IOAN
ASSOCtATtON Of fORT PIERCE, a oorpa~rion orp~?iud u~d ~xiitinp 1M laws oi th~ Ueir~d StatN of Arn~rka and MvL~p i» principal pl~c~ of
busi+»ss fn tM Gty of Fo?t Plpu, St. luci~ Covnty. Flwidi, hKtinaftK dtsipn~ted ai tl» "MORTGAGEF."
WHEREAS tFw MORTGAGOR is wstly ind~bt~d to fh~ MORTGAGEE io 11+s sum of :Q• 0~~ •On ~ - pood and I~wful mawy of the United
Sratef adv~nced by ths MORTGAGEE unto tM N10RTGAGOR, u evideaced by a certain promissory note of. ew~ datt he~ith, of wh;th ihs followinp in
wo.dt and fiyw~s ~ a trw copy, to-wif:
~ 9,000.00 0_,~ 019568
~ w.r P~.. cb.~,, March 1 f~01.3._
~i Foi value ~eceived, t, wa w either of us, promise lo y, without defalcation, to ~he orde~ of FIRST FE~ERAL SAVINGS ANO IOAN ASSOCIATION Of
~ FORT PIERCE at Fwf Pierce, Flwida, the ium of ; 9+ ~ w;th intereat irom date ~l the r~te of ~ per annum, In rtanthly Install-
me~ts as follows: S 74 ~ Q~ on the ~th d+y of MaV ~ 19~ ~od s lik~ wm oo the correspa~d'+np dsy of s+ch month therr
\ afrer until the whole bs fully paid. ~ _
~ Each installment fint shall be applied in payment of the interest and ~hen o~ the unpaid balance of ths principal wm. If de/ault is made in ths
. payment of any inita~lment when d~e, a~d such default continues 30 days, then st the option of the hotder. and without any otFier notice, all the remainin~
~ instatlmenq shafl be d~e and payabk at once. P~ivikge Is given to prepsY this ~ota in whole w i~ put at ~ny time withovt pen~lty. Neither fotebear~rKS,
~ nor acceptance by the iwlder thereof afta ~ny default in any payments hereo~, shsll be deemed exte~?sion. A Iate payment d?uge of : 3•
70
_ shall be
added to each initalimeM remaining vnpaid 7 days after its due date, snd a like sum shall be added to eath such instaiiment ~emaining unpaid 7 days afte~
r each sutceeding payment date.
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f~ch maker, surety and endaser hereof, jointly and severally, waives demand, prese~tment protest ~nd ootice oF protest fw nonpayment, ar?d further
~ agrees ro sny extension of time of payma?t, either before p after maturity, withovt notice to sny of us; and to psy all cosri of cotlettio~, includinp a
~ reasonable attorney's fee in the eveM of any defsuh hereunder, and hereby severa!!y waives sll benefit of homestead and exemption under the constifutan
and Isws of each Sqte of the United States, as against this obligation or ~ny extrnsion or renewal hereof.
~
~ Witness the hand and seal of eath party.
`.,~1 S/ C`~c~i W. St-arnAC ~U
~ ~U
s J c ueline ' ~,y
~ a k a JacQUeline E. Starne~ ,
~ ! ~1 3 ~ SD ) $tate Revenus .
~ -{S+aw~M..canoelled .~w. arisiosL ~ote)
NOW, THEREFORE, the MORTGAGOR fw the purpose of securirg payment of said wm of 9 t 00~ • and the performance of tM
cover?anb snd agretmenb hereinafter expressed, and fw dvers good and wluable tonsideraYwr?s, by these presents, does grent, bary~in, ull, remiie, ~
relcase, tonvey u~d tonfirm unto the NWRTGAGEE, its s~ccessors and auigni, all that certain bt, piete w parcel of land, sitwte, lying, and beinQ 1n ths
~a~~y ~ St • LllC16 and State of Florida, described ss follows: .
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i
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The West 80 feet of the East 369 feet of the South 135 feet of the
North 165 feet , allof Tract 124, of GARDII~1 CITY FARMS SUBDIVISION in
Section S, Township 35 South, Range 40 East, as per plat thereof filed
in Plat Book 2, page 5, of the Public Records of St. Lucie County,
Florida.
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~ rogethtr with all snd singular the fenemenb, her~tsmer?ts ~nd appurt~eKes there~nW belaging or in snywae sppertsininp fhereM. ~nd all renb, iuves,
~ pr«eeds and profin acvuing and to sccrue from said premises, alI of which arc included in the above and foregoing deuription and hibendwn.
~ TO HAVE AND TO HOW the sbove destribed ~nd 9~anted premises unto the said MORTGAGEE, its succes~ors u~d auigns fwevar. Md th~ sald
I MORTGAGy,O~R for fi}7P_11" ~~n, executon, adminFst?ators and auigns, hereby covenanb with the s~id 14AORTCsAGEE, its successws ~nd usipm,
~ that tj~i.j ar~ lawfvll uized of the ssid
~ y , premises in fee simple; that the same ar~ frre, c{esr ~nd dischuyed from all liem and ancum-
~ brances in Iwv w in equ;ty, and tF~s~ thev will eod thein c~in sh~ll wsrrant and defend the titk to the s~me ro th~ ~id
4 MORTGAGEE, its succeuors a~d assigns, foreve~ sgairnt the lawful dsims and dem~~ds of all pe?wm;
PROVIDED, AIWAYS ti~st if the MORTGAGOR sh~ll p~y unro the MORTGAGEE the promiswry eote hereinbefore dewibcd and shall truly, promptly
~ and f~Hy perform, d~sd+arge, execute, compkte, comply with and sbide by esch and every tl+e stipulaiaro, ~greements, conditiau ~nd coven~nb of said
f oromissory note and of this Mwtgsge, then this Mortgage ~nd tl+e Estate hereby ueated shall oeu~ snd be ~vll and void.
i IT IS UNDERSTOOD tMt the word "Mort9sgor" whether in the singula? or plw~l anyvrher~ in this Mort9~e, shaN be sinpular if one only ~nd ~
~ shall be plur~t joinNy ud severally if more than one, a~d thst the wwd "their' u used u+ywhere in this Mortyape shall be tsken to mesn "his,•• •'hen•• ~
o+ 'its;' wherever the context w impl~s w sdmita Alw, thst wherever there is s nferaxe in the covenants and eg~aemenri hsrein oont+ined to arryr of
thr parties hereto, the same shall be construed to mean ~s well as the heirs, kg~f representatives, succeuors and issipra (either volunt~ry by act of tM
~ psrtus or invduntuy by operation of the law) of the sama and that the covenants herein conr+ined sh~lf birn! a~d tlw benefits and advant~s inur~ c"`~.~
~ io the respective hein, legsl representstrves, suaessors and su~gna of the psvties hereto. ~
a .
I Md ssid Mwtgsgws, for tF~emseFves and thcir hein, legaf representatives, suaessws ard asi ru, hero
' ro and with the said MORTGAGEE, i~s successors ~nd assiges: bY Iantly and sevaally cove~sM snd aarae ~
~ 1. To ~
p~Y dl a~d sirgvlu tlw principal and interest and the var~ous snd wndry sumt of moner paYable by vinue of said promiswry note, and this ~
"t mortyape, esch and ~very. Pra^Ptly on the dsys respectively the same ~v~rally becane due. ~r.
~ 2. To pay a11 ud ~inpvlx th~ tsxe~, u~esunents, levies. (iabitiries, obliy~tions ard rnnwnb~aac~s of every nahxe and kind now on said desuibed °C~
€ P~~b. or that hereafter n,ay be 'anpaed, suffaed, placed, levied. « ass~ued thereon, a thst I~ere~her rewy b~ levied a~sses~ad v~wi~ thia Mort¢ c~
+Qe, or tM indebtedness sewred hereby, each and every, when dw and pysbl~, acccrdinp ro law, befa~ thsy becane delinq~eM, and b~iwt a~y inttnst
anaches w any penalty is intwred; AND INSOfAR /t5 ANY TNFREOF IS OF RKORO TME SAME SHAII 6E PROMPiIY SATISFIEp AND DISCHARGED OF
RKORO AND THE ORIGINAL OffIC1Al DOCWNENT (SIKH AS, fOR INSTANCE, THE TAX RECEIPT OR TNf SATISFACTION PAPER OfNCIAIIY ENpORSED
OR CERTIf1ED) SMALL 6E PIACED IN TME HANDS OF SAID MORIGAGEE WIiHIN 1EN DAYS NfXT /1FTfR PAYMfNi; and i~ the event that any thereof is na
pa~d, ~ar ified and dischar~ed sa:d MORTGAGfE may at ~ny twme pay the same or any pan thereof witho~t w~ivirg or affectinq ~Mr option, lien, puit~r or
•iqht v~der w by vir~r~ of this mwtyaye ~nd the full ama~nt of each a~d every wch payment shall be immediately due and payable and shall b~a/ interesr
~•an the date N~e+eof until pa~d ar rate of n~nt per umum per annurn and royether w~tA wch inte~est shall be ucwed by tht lie~ of th:s mwyta~.
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