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HomeMy WebLinkAbout0979 ~ ~ ~ zsoss~ ° ~ iH15 INDENTURE, Mad~ th~ day of ~ah A.C. 19 / J" b.n~r.N+ ~thei Bapti~t Church of Fort Piarce,. 1~'lorida, Ina., a Corporatiaa not far ~rorit m~der the l,a~ra o! the State of Flaa~?ida, _ of ~ie , Cou~ty Florid+, F~~ieafar d~signated tht "AAORTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORi PIERCE, ~ oorpo.~tion apanis~d and ~xi~tinp u~ IM laws of tM U~it~d Sta~a of Am~ric~ and h~vi~p in p~incipal pl~c~ of buwNU M th~ Ciry of fwt Pi~ra. St. luci~ County. Fbrida, hereioaftK d~si~ru~ed as th~ "MORTGAGEE." WHEREAS 11?~ MORTGAGOR is ~ntly ind~bttd to th~ /NORTGAGEE in 1M sum of = 1~~~0~~ yood and lawful money of the Un~t~d States adva~x~d by ths MORiGAGEE ~nto th~ MORTGAGOR, ss evidenced by a cmtain promiuo?y r?ot~ of even data her~with, of whtch tM followirp in words ~nd fipurq is a trw topY. fo-wil: ~ 100~000.00 tro ~ ~ 9~{~ Fort Pierc~. florida. N8!'Ch ~l. 19.~.3.._ Fa value received, 1, we w either of us, promise to p~y, without d~falcation, to ths oidcr of FIRST FEDERAL ~SAAVI~NGS ANO LOAN ASSOCIATION OF FORT PIERCE d Fort Pieru, Flaida, the sum o( =.1~ with iNerest from date at the wte o~aL~96 per a~nvm, in morohly insta{6 ments ss fottowi: on the diy of 19~_ +od + like sum on the cwrespond~np day of each month tF?cre- aiter until the whole be fully p~id, Eath installment first shall be applied in payment of the interest and then on the unpaid bslance o1 the principal wm. If defsvlt is mada in ths payment of any instatlmcnt when due, and such defautt corttinues 30 days, then at the option of the holde~, and without a~y othe~ nolice, a0 the rrxnainirg 1 ~nstallmenn ihall be due and payable at once. Privilege is given to prep~y this note in whok w in p~tt at any time without penalty. N~ei~t~h~er ~fo~rebearance, ~ nor accept~~ce by the lalder ti~ereof after any deiauit in any payments hereon, shall be deemed extension. A lafe payment charye of i_~~v?, shdl be added 1o each installmeM ~remaining w?pai~ 7 days afte~ its due date, tnd a 1'ke sum sF?all 6e added -to each such installment ~emaining"unp'sid 7 dayi affer each succtaling psYment date: _ . _ . _ _ . . . _ _ _ _ _ _ Each make~, surey +nd endwser licreof, ioi~tly and severally, waives~dcmand,-p?esenlment prot8st and notice of protest foiP iwe~Rayrnlt?t-aKdfurther t g y payment, either befo~e a afte? maWri~y, without notice to any of us; and to pay all costs of cdlection, includioy a a rees to +n extension of t~me of i reasonable attaney's tes in the event of a~y default hereunder, and hereby severally waiva atl benefft.of homestesd and exa+nptiw~ under the constitutiw~ and laws of each State of the U~ited States, as sgainst this obl' a_~g,twn.,w aByA~~~ w~l ~r_cw~ P~RCE, ~A~ ~Ci• Witnesa the hand and ual of each party. l3L~'ltllSL !'11 OF , BY: S/ Wile a. wooten Pres3,dent ~U t~,` . : ; • ! S Isanard I,o~e 1'rttstee Corporate seal affi~oed S John W. Lee Trustee ~U cs~?u ' . S John M. Davidsaa, Trustee ~ ( ~ State Reven~e Ki.w~.w~wli~-ow-a~+M+s~e) NOW, THEREFORE, the MORTGAGOR for the purpose of sccuring p~yment of ssid sum of =~-~~.~0•~ . ~r~d tha perfwms~ce of ths covenants ~nd agreemenn hereinaftc? expreued, and fw d~ven good and wlwbk considerstioes, by these presents, does grant, baryain, sdl, remTse, release, to~rey and tonfirm unto the MORTGAGEE, its succeuon and sssigns, all that urtsin IoL piece ot parcel of Isnd, sitwte, lyinp, snd bei~g in tht County of St• 1+11C'~A snd State of Florida, de~cribsd ~t follows: PpRCEZ 1: IaL 5, less the North 8 feet thereof, PIl~TS VISTA SUBDIVISI~ON, as per plat thereof an file ir? Plat Book 9, pa8e 58, Public Records of St. I~ucie County~ Florida; PARCEL 2: The Ti,lbst 285 feet of the East 495 Peet of the West 52$ feet of the So~~h'~of the SW'~ of the NW'~ of the SI~ of Sectian 19, T~S~p 35 Sauth, Range 1~0 E~st; LES3 b?~ South 33 feet thereof convey~ed to the State of Florida by Deed recorded in 0. R. Book 152, page t~67; PARCEL 3: Tbe North of the SW~ of the NI~ of t2~e SF3~ of Sectian 19, TamshiP 35 South, Range 40 East; LESS .ths gast 33 feet thereof for right oP ~ of I~cNeil Road; - . F ~ D ' ' °f OF ' r;., ' hT U o~ N a ' C1fAAEMtARY ~ ~ DA ~ R ~00 _ - - . ~ _ i:. s,. OEPt. OF REI/EN1lE TA M P tA X~. ,s> . ,-~~zsu,.a~ ti:3:E - ~ ~,~~._c • _ ~ lyt,. ' ~ ~ ~ gV~ ~tl i.lA: c 71-1~• ~1S j w °~~~^~2i'73 , 5 Q ~ 0 p`'3~'~~ T~ ~'~R06ER YUIIWIS ; o ~l1102 ~ j, UICIE L~Y ~S~" i ' ,r.t~lt`~'G~i.~`~'" E I - ~ togethet with all and singular the tencments, hereditsmenb and appurtsnces thereunto belagirg a in anywise appertaininp ihereto, and ~II r~nts, issues, proceeds snd protits acuuing and to acpue from said premises, sll of wliKh are included in the ~bove snd fwegoirg descripYan ~nd habendvm. ~ g pemises ~mo the said MORTCaAGEE, its suoussors s~d ~uipns fwever. Md th~ said ~ ~ TO HAVE AND TO HOID tF~e above desuibed and ranfed ~ MORTGAGOR for it's - heus, exec~ton, administrston and asigns, hereby coven~nts with the said MORTGAGEE, its wcceuws u~d ~ssiym, ~ rhat - it iS lawfully x~zed of the said premises in fee simple; thst the ssme are frae, ckar and discharged from sll liens and encum~ ~ brances in law or in equity, ~nd that i*' will and it$ heirs sFm(1 wa~rant and defend the title to the sa~ru to the said ; MORTGAGEE, in ivccesso?s and auig~s, forever agair~st the lawful claims.and demands of ~II penaa; ~ PROVIDED, ALWAYS tMt if the MORTGAGOR shall psy unro the MORTGAGEE the promissory rate hereinbefore described ~~d shall truly, promptly ) i and tully perform, diuharge, execute, complete, comply witF? and abide by esch ~nd every the stipulations, agreements, tonditions and eovenants of said . promiswry note and of this Mwt9age, then this NSwtgsge and the Estate he~eby crested shall cease and be null and void. ~ ~ IT IS UN~ERSTOOD thst the word "Mortgagw" whether in tF~e singular or plursl anywhere in this Mortgsye, shall be siryulsr if one only and ' •hill be plural jointly ~nd severally if mwe th~n one, and that the word "their" as ~sed ~nywhere in this JNortyaye shall be t~ken to mesn "his,•• ••h~en," ~ ~ o? "in;' wherever the context so implies a admits. A(so, that wherever there is a ~eference in the covenants ~nd sgreements herein oontained to ~ny of ; rhe parties hereto, the ssrne shall be conatrued to me~n u well ss the heirs, kgal represem~tives, sucussors and assiQro (either volu~ury by ~ct of th~ a.. ( parties a involuntsry by operatan of ti+e Iaw) of tF~e same ar?d thst the cwenams herein contained shiN bind ~nd the be~efi» a~d advintages inw~ y ~ to the respective hein, leyal rep?esentatives, succeuors and ass~gns of the psrties hereto. Md said Ntortyagws, fa tF+emselves and their hein, legal representatives, s~ccessors and aui~ns, hereby jointly and sever~lly covena~t and ayree ~ ~ ~ fo a~d wHh the said MORTGAGEE, its suttesson and ~uigro: ~ 1. To pay ~11 ud sinyvlu tM princip~l ~nd imerest ~nd the varian ~nd sundry wms of nwney psY+ble by virtue of ~aid pran;ssory rwte. ~nd tha ~ mon~ape, esch s~d every, promptty on ths days re~pettively tht same severally becan~ dire. ao ~ 2. To pay ~11 and ~inyvla? tF~e bxes, assesunenb, kvies. IiabitiY~es, obliyations and tncvmb~nces of ivery n~tvre and ki~d now on taid deiuibed c~ ' P~~Y, w that here~her rewy be irnpo~ed, suffe?ed. P~~ced. levied, a ~ssessad thereon, w that hereaNe? may be levied w ast~s~ed upon thFs Mortp~ ~ aye, a tM i~+debtedness secv~ed hereby, ssd~ ~nd ~very. whsn dw ~nd psyable, aa«dinp ro law, befa~ they become delinquem, and b~fon ~ny int~r~st ~ ~ suuhes w srryr ptnalty is int~rred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAIL 6E PROJNPTLY SATISFIED AND DISCHARGED Of RECORD AND THE ORIGINAL OffIC1Al OOCUMENT lSIKH AS, fOR INSTANCE, THE TAX RKEIPT OR ?HE SA115fACT10N VMER OFFICIALLY ENDORSEO > OR CfRtIFIED) SHAI! SF P1ACfD IN THE HANOS OF SAID MORTGAGEE WITNIN TEN DAYS NEXT AFTER PAYMENT; ~nd i~ the event that ~Mr N~steof is no1 paid, sat:s(ied and diuhsr9ed sa'd MORTGAGEE may at a~y time p~y the same w any p~rt thtreof withotit w~ivirg or af(ettinp arty option, lien, puity a •iqht w?der w by vi~tue of this mortqa9e and the full ~mov~r of each and eve?y such payment sh~ll be immediatcly dw and payabk and ~!?all btN inter~st ~.om the d~t~ the~~of vntil pa~d st rat~ of n~~e per centum psr annvm and toq~~he. w~~h iuch imcrest shall be secured by the lien of th:s mwqtpe. .