HomeMy WebLinkAbout1096 i 2~46
THIS INDENTURE, Ma~M tl~~ 26th ~Y of lNsrch ~ ~.o. 19
73 b~tw~
Joseph H. Broxton and 6sily W. Broxto~, his ~ife
of St • L4C~6 Cp~ty florid~, htr~inah~r d~sip~ared y tl?~ {'NWRTGIIGOR." and FlRST fE~ERAI SAVINGS AND IOAN
ASSOClA110N Oi FORT PIERC~, ~ cwpa~tion o~yu?a~d u~d ~xistinp wwl~? ~M laws of th~ Uniqd Sata of Am~~iu ~nd Mvirp in principal pl~u of
bu~incss in tM City of fort Pi~rp, St. l~ Couoty, flaid~, h~r~3niha dKlp~at~d u tM "MOgTss/?GSE~ ~
VYHEREAS the MORTGAGOR is jvttly ir~bt~d 10 1M MORTGAGEE in tiw sum of : 37 ~ ' , y~wd a~+d lawful money of the Un~ted
Ststea advanced by ths MORTGAGEE unto tM MORTGAGOR, as evidenced by • certai~ promiuory note of even date her~with, of which th~ followinq in
= 37 S~.r~ a trw coPy. ~o.W~t: - ~ 10019633
~ P~. F~~ March 26, 19 73
Fw value received, 1, we w either of ua, t t t defalcation, ro ths ader.of FIRST FEDERAL SAVINGS AhD IOAN ~15SQCIATION OF
FORT PiERCf at fort P;erce, Fbrida, the svm of w~th interest from date at the rate of 7•~'96 per an~wir~, le monl~ifx• install- ~
~ ments aa follows: s 278.~~ ~ r~ 20th d, of JulY 19 73 ~~d a like sum on the cwr
} aiter until the whole be fully paid. . y esPw+d~ny day of eath mor~th-tiurr
~ Eath installmH?t fust shall be ~pplied in payment of ths interest ud then on the unpaid balsnce of the princip~l wm. If defavlt ii mads In the-
payment of any irata!lmmt wl~en due, aad sucA defsuh continues 30 days, then st ths optwn of the ho{der, and without aqy pher notice, all ths remalniro
-j ~nstallments shall be due and payable at once. Privilega is given to prepay this note in whole w i~ p~it at any time without penslfy. Neithe~ forebear~nts,
~ no~ atcepbnce by the holder thereof after sny defa~lt i~ any payments hereon, shall be deemed extension. A late payment charge of :13 •90 shal) be
u added to each instaltment remaining unpaid 7 days afte? ib due date, and a I;ke sum shall be sdded to each such installme~t re~nsining uopaid 7 days aAef
each wcceeJing payment date. ~
~ Each maka, sure and endwsa hereof, ' int and severall , waives demand,
~ b Io hr y prexntment protest and notice of protest fw na~psyment, and further
~ agrees ro sny extension of time of payment, eitAer before w after maturity, without notice to any of us; snd to pay all msts of collection, including •
reasonable attorney's fee in the evero of sny default hereunder, and hereby severally waives all benefit of homestead and exemption under the constitution
~ and laws of each State of the United States, as against this obligation w any extension or renewal he~eof,
~ Witness the hand and seat of each party.
l ~U
~ s Jaseph N. Broxton ~
~ -
~
s E~ily W. Broxton ~
t~ 56 . 2 S ) State Reven~e ~U
~ (Sts~prlancdlarLcn.a~ia+'mal oot.1 37 500 00
NOW, THEREFORE, the MORTGAGOR fw th4 purpose of scturing payme~t of ssid sum of s ~ • ~nd the performance of tlr
~ covenanb ~nd agreements F?ereinafter expressed, and fw divers good and valwble considerations, by theae preseeb, does g~a~t, baryain, seH, ~emise,
reteese, eonvey and confirm unro the MORTGAGEE, its avtceuo?s and sssgns, aU that certain bt, p'~ace ot pucel of land, situate, lying, and beirg in the
Covnry of St . LiIC le and Stste of florids, dexribed ~s follows:
Lots 7 and 8, Block 13, PARADISE pARK, as per plat thereof.
on file in Plat Book 8, page 19, of the public records of
St. Lucie County, Florida, _
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~ together with stl and singvlar the tenemenb, hereditamentt snd spp~ASnces tlxreunto belaging w in a~rwise apRertairurg thereto, and all rents, issu~es„
! proceeds and profiib acc.uirg snd fo xvue from ssid premises, all of which are included in the above and fwcyanp davipYan and habe~dum.
~ TO HAVE AND TO HQID the above desvibed snd granted prem'~ses unto the said 1~I1pRTGAGEE, iri waesson and ~uiynt forever. Md tlw saW
; MORT GpR fa thei r ~;rs, executors, admioistnto~s and auigns, hcreby covenann with the wid MORTGAGEE, its wccesson ~nd usiyro,
~ ~~iey are
j rhat lawfully seized of the ssid premises in fee iunple; th~t the same ~re fiee, ckar ud dischar~ed from all fiens ud encum~
brances in law w in equ'ity, and tMt t~ey will ad their hein sh~ll warrant and defend the titk to the s~me to the qid
MORTGAGEE, ifs successon and auigns, fwever against the lawfvl daims ind demands of ~fl persons;
PROVlDED, /IIWAYS that if fhe MORTGAGOR shall pay unto the MORTGAGEE tbe pran'~ssory note hereinbefore desc~ibed u~d shall truly, promptFy
and fully perform, disc!?~rge, exetute, tompkte, comply wilh and abide by each and every the stipulaY~wu, sgreemenb, condAam and aowenanb of said
promissory note and of this Mort ~u
9age• then this Mortgage ~nd the Esrare hereby ueated shall cease and be null ~nd void.
IT IS UNOfRSTOOp that 1hs vrord "Mwtgagor' whethe? in the singular or plwal ~ywhere in this Mortgspe, shall be sinpulu if one only and
se
shsll be plwal joiMly and severally if more tMn one, snd that the wwd "their" at ufed snywhere in ti~is Morty~ge shall be tsken to me~ •'hp,•• •'hen••
! or °its.° wherever the context so imp(ies or ~dmin. Also, that wherever there is ~ reference i~ tFa covensmi and aQreements herein oontained to r~y of
i tbe pirties haeto, ths ssme shsll be cwat?ued to mesn ss well ~s the hein, kyal represent~tives, succeason and augm (either volumary by ~ct of tf»
parties a imroluMUy by operatia? of the law) of the iame and that the covensnts herein cw~tained ihall bind and the benefits and sdvs~ta~es inwe
~ ro ths ~espective heirs. lpal representative~. succes~ors and ~ss~pns of the puties hereto.
i
; Md said Mwtpayo~a, fw themselres ~nd their I~ei~, lep~l repreuntatives, succesaon and assiy~», hereby jointly arw! severally tove~ant ~nd apree
~o ~nd with th~ aid MORTGAGEE, iri succeswrs and auiyra: ~ • !
i
~ 1. To pay all a~d sinpvlu tM princip~l and interest ~nd the vsrious and sv~dry wms of money paY~bk by rirtve of said promissory nore, snd this
~ .~+d .~y, v~«rwriy o~ r~» d.y, .a,anndy ih. „me ..Y.?.uy ~om. dw.
~ 2. To pay all and sinpulx tM uxes, asfessmenq, levies, liabilities, obliyatiwu and ~ntwobrancea of wery natw~ and kind now an said dha~ed
f P~oP~Y, w th~t hKe~fter maY b~ aePosatl, wffaed. P~aud. Iwied, w assessed thereo~. a that hsr~ahs~ may b~ levied or aseawd upw~ tF~is Morq~ -
~ +~e. a th~ ir~bt~dn~ss secured hsreby, each u~d ~ve+Y. when dve and payabk, suordinp to I~w, b~iwe th~y bec«ne d~linqwnr. N+d befwt ~ny im~at
ett~ches p a~ry ptnahy is int~ned; AN~ INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 6E PROMPTIY SATISFIED AND OISCFIARGEp Of
RKOR~ AN~ TME ORIGINAI OFFtC1At DOCUMENt (SUCH A5, FOR INSTANCE, iHE TAX REGEIPT OR TNE SATlSfACTlpN PAPfR OffIC1AUY ENOORSf~
OR CfRTIF1E0) SMAII 6E PIACED Il~i THE HANUS Of SAID MORIGAGEE WITHIN TEN ~AYS NEXT AFTER PAYNIENT; and in tFM tvent tMt any ti?erwf is no1
paid, sat~sfied u+d diicharyed sa:d N10RTGAGEE may ar a~y tune pay ti~e same a any p~rt thereof wifhow w~iviny p~ffectinp any option, li~n, puity p
~iq1~t onder a by virtw of thK mortyay~ snd rhs ful! amo~,~t of exh and every wch payment shall be imn?ed;Ndy dw ~~d payab{~ and ihall bsar imer~se
~rom the dNe therwf umil paid ~t r~te of n3~ per centum per annum and WpethsL r~
jfh e~qt I~~' wf.Y ~d by th~ li~e~ of tl~:~ rnorqtape. t
60'V11 ~~~i~/ ?I~IIC~