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THIS INOENTURE. Mad~ th~ 29th ~y o~ M81 Ct1 _ /`p~ ly
73 b~tw~
David W. Orr and Thelma B. Orr . hi s~i3 e.
of St . 1'UC @ Counfy Norid~, M~~iMNN ~~f~ as 1M "MORT~iAGOR." ~nd fIRST fEOERAI SAVINGS ANO IOAN ~
ASSOCIATION Gf FORT PIERCE, • corpor~tan oro~nis~d and ~xis~inp w+dK tM lavw ot IM lJnit~d Sq~~s of llnwiu M+d h~vinO its p~incip+l p~+a of i
bu~in~a in tFN CNy of Fat Piua. S1. l~ Couety., Fbrld.a. I~~in+fia daipmt~d as tM "MORTGAGEE ~
WHEREAS tM MORTGAGOR h jwty ind~Wd to th~ MORTGAGEE in tM wm of i~--~nM. 9~~ lawfvl m«ry of the Uo1t~d ~
Sfat~s advanc~d by tM MORTGAGEE unto th~ MORTGAGOR, ~s ~vid~ncad by ~ c~~tain promiuory ewt~ of wtn dat~ Fw~~with, of which th~ fdlowinp M? ~
wwd~ ~nd fipw~ is ~ trw copY. tawit:
~ 10 , 000 . 00 ~~,11000039
P~, March 29 , _~q_~ ~
Fa wlw nceiwd, 1, we or ei~Mr of us, promise to without d~falcstion, to th~ wde~ of FIRST FE~ERAL SAVII~tCsS_AND IOAN ASSOCIATION OF
FORT PIERCE at Fort Piern, Florid~, the ium of = l~ with interest irom date a1 the at~ of Z.T~ per ~r?~un4 ~~thly install-
95. 00 lOth Ms~y ,~q 73 ~ ~ s~ ~ar ~ day of each month therr
ments as followi: = o~ ths day of ~Pa~~~D
~ a(ter until the whole be fvlly paid.
~ Each installment fint shall be applied in payment of ths intmest and thcn on the unpsid balance of the princ~p+l sum. If defauh is m~ds in the
payment of a~y installmcnt whe~+ dus, and such dehult continues 30 days, the~ at tM optan of Nw holde~, and without ~ny otF~ noticc, all the remiinirg
~ ~nstallmenri shall be due and psyabk sl once. P~ivile9s Is given to prepay this note in whol~ or in p~rt ~t any fim~ without perahy. NcHM* fo?ebs+r+no~.
~ nor ~tceptance by the holder the~eof aiter any default i~ anY paYmeMS hereo~, shall be deemed extension. A late p~yment chuy~ of ~ 4• 75 sh~ll b~
added fo each installment remaining w+p~id 7 days after its due date, and a like sum shall b~ added to each such inst~llment rem~inin~ unpaid 7 days ~fter `
each tucceediny payment date. !
~ Each maker, surety and endorser hereof, jointly and :everslly, waives demand. presentment proteat and ooY~oe of protcst for nonp~yment, and fwthe? f
s agres~s to soy extensio++ of time of payment, either before w after maturity, without notice to sny of us; ~nd to pay all cosh of colkclion, ind~+d'ug a
reasonable attorney's fee in the event of any defavit hereunder, snd hercby uverally wsivcs all benefit of homestead and exemption under the constitutan
~ and laws of each State of the United States, as against this obligation o? ~ny extensioe+ w renewal hereof. ,
~ Wi~~ess the hand and seal of each party. ~
~ S/ David W Orr ~
1 (5~-~?U
v e ma . rr ~
~ - , ~
~ ~15. ~ ) Stat~ Revenw
~ l!1
10 000.00
~ NOW, THEREFORE, the MORTGAGOR for the purpose of securing psyment of ~id sum of i ~ .+^d ~ P~a~++~~+ of ~
covenants and sgreemenri hereinafter expressed, ar+d fw ~vers 9ood and v~lwble tonside~aYw% by thea~ prcsents. does 9~+nt, bar~+'N{, selt. remise,
~ release, convey and tonfirm unto tM MORTGAGEE, iri successors and assignt, all tMl certain lot, piece w parcel of land, situate, ly~rg, and beieg in tA~
~=j County of $t . Luei e aed State of florida, dexribed as follaws:
North 60 Feet of Lot 1 and th e North 60 feet of Lot 2 and the North
60 Feet of the East 25 Reet of Lot 3, Block 19, less street right
of way, A. C. DITTMAR'S SUBDIVISION, as per plat thereof on file in
Plat Book 1, page 27 of the Public Records of St. Lucie County, Rlorida.
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together with all and singulsr the tenemenn, hereditaments +nd ~ppun~nces ihetevnto be~orgug or in +nYww sPPe~t+w+irp then'°, snd +II r~nts, issws„ i
proceeds and profin acvuing snd to acwe from said premises, all of which are incl~ded in the abov~ +nd for~poirg d~aviptio~ +nd h+bendum. ;
TO HAVE AND TO HQID the ~bove dewibed and grsnted premises unto the said lMORTGAGEE, ifs woasson +nd sui~a forewr• Md th~ s~id :
their '
MORTGAGOR for hein, executws, ~dministntors ~nd auigm, hereby coven+nts wifh 1M taid MORTCs/1GfE, its auccesson and assiprr, ~
rhat they are ~~~~~~y u~~ of the said prem~ses in fee simple; that tM s~me ar~ fre~, clw and dachupad fran ~II Ikro and ~ '
i
brances in Iaw w in equity, +nd tiut the~ w;~i ,,,d their hein sh~11 warrant aod d~fend tM title w tM wn~ to ti» s~id ;
MORTGAGEE, in s~ccessort snd essiyns, fwever agaiast the IswFul claims ~nd demu~ds of +II persoms f
~
PROVIDED, AIWAYS thst if the MORTGAGOR shall piy unto the MORTGAGEE ths promissory note hereinbefon dewibed and sh~ll trvly, promptly
~ ~ and fully perform, d~scMrps, exewte, compkte, comply with and abide by each and every the stipulations, spreemN+ts, conditioro and Coven~nb of said ~
promissory rwte snd of this Mortgaye, then this Mortg~ge and the Estste hereby ueated sMll oease and b~ ~+ull snd void. ,
~ IT IS UNDERSTOOD thN the wwd "Mort9sgor" whether in the singuler or plwal snywFwn in this Mort9spe, shs{I be sinpular if on~ on1Y and
shall be plwal iointly and ~everally if more tMn one, and that tl+e word "their" u used ~~ywMr~ in tha Mwtyspe sh~ll b~ taken to mean "his.° °1~s."
" or ••its:' wherever the context w implies a admits. Also, th~t wherever thcre is a nferena in tFw wr~n~n» +nd +pnsrn~+ts herein ooMaiMd To +nY of
rhe putka hereto, the s+me ahall be oorotrued to me~n as well as the hein, leyd npresentatives, suaesiors and assipro (~ithe~ volunt~ry bp att of the
panies a imrolv~tary by operation of the Isw) of the s+me and th+r ~he covensnn her~in conuined sh+ll bind ~nd ~he ben.fin and advantapes inw.
~ to the re:pectiw heirs. Ipal representatives, successors and au~pns oi the parties htr~to.
4'°~ Md said Morty~gors, for themselves and their heirs, lepal represcnt~tives, successors and assipns, hereby jointly and s~vually oovs~aM and prK
~-1 to snd with the ssid MORTGAGEE, its suttessors end usiyns:
cr ; 1. To p+y ~II and sirg~lar th~ principal and i~terest u~d the varian and sundry sums of rrwMy p+YaW~ by vrtut of said promissory ~ot~. and N+is ~
ii rtiO„~~• ~ ~^d ~Y• PfO1^PNy oo the days rtspectively the same s~venlly becoen~ dw.
2. To pay all snd si~la the tazes, assessrrwnb, levies, liabilitiea, obliystions and ~ncumbranus of ~very n+tw~ ~nd kind rw~w on said d~scrib~d ~
prop~rty, or th~t h~re~fta m~y 1» knpwed, suffered. P~+ud• I~vi~d• w ~sa~ased the.wa, a th~t henaftK nwy i» bvi~d or ~s~esud epoe thi~ Mortp~ ~
,ye, a tM ird~bt~dness secvred haeby, e~d~ and ev~ry, wlwn dw and pay+ble, accwdinp ro law, bsfon th~y b~come d~linawm, a~d b~fon any int~es~
atuches w~Mr penalry a incwrtd; AND INSOfAR AS ANY THEREOF IS Of RKORD THE SAME SHALL bE PRONIPTLY SATISFffD AND DISCMARGED OF
RECORO AND THE ORIGINAL OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, TNE TAX RKEIPT OR THE SATISFAC710N PAPER OFFICIAIIY ENOORSEO
OR CERTIFIED) SNALL 6E PlACEO IN THE HANDS OF SAIp MORIGAGEE WITHIN TEN DAYS NEXT AFTER PAYNIENT; and in tFr ~wnt th~t any tMrwf is not
pa~d, sat-sfi~d and discl+aped s+:d MORTGAGEE m+y at any time pay ~he same a ae?y part tl~eof without wsivinp a aff~ctirg any option. 1'wn, puiry a
•pht unde~ a by vi~tue oi thii morr9~Qe and tlx f~ll amo~nt of e~ch and eve~y ~uth p~ymlM thall b! imnf~i~ttly dW ~ p~y~Wf ~NJ ~hall b!M intNHt
~rom ~he datf therwf unti! paid ~t rate of n~ne per untum pa anrwm ~nd ~oyether wi?h sud+ iMatst shall be tecw~d by tM li~n of tl~:s nwrqtap~.
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