HomeMy WebLinkAbout0215 ~ ~s~~~o ~
THIS IIdpENiURE. 1Yt~d~ ~A~ StZ1 da~r of _ Mt\iC~1 1t~ r ~r ' A.0. 19
73..~ betwkn
~~-rT
~
_ Patrick B. Lally and Judith A. Lally. his wife•
~ SL. LL7C ~@ ~ouNy Fbrida, ha~itatta desigoated as tM "MORTGAGpR," ~nd fIRSi fEDERAI SAVINGS AND IOAN
IISSOCiA?WN Of FORT VIERCE, ~ oorporarion «qanis~d and eau~in~ w+Jer 1M taws of tl» Unitd St~t~s oE M~t~iu u~d havinp iq pirxipal pl~c~ of
buiirwa~ in th~ Ciry d Fort Pie?a. Si. lucw County, flaida, hereinahK desqnatsd u tM "MORiGAG ~
WHERf/1S th~ MORiGACaOR is jwtly indtbt~d to th~ MpRTGAGEF in Ihe sum of = ~ , good ~nd lawful mo~ey of the Un~ted ~
States ~dvanced by the MORTGAGEE unto the MOR:GAGpR, as evidenced by a ce~tain promiuory note of even date herewith, of wh7ch the ioll+owirp in ~
wads ard fqures is a trw copy. to-wif:
= 40.000.00 r~o~~9496 ~
Fwt Piaru. Florids. Mi IC h S 19~._
Fw vatue received, 1, we w eithe~ of us, prom,x to pay, without defalcation, to the wde~ of FIRST FEDERAL SAVINGS AtVD IOAN ASSQCIATIO:1 dF
FORT PIERCE at FoA Pierce, Fbrida, ~he sum of f ~+~0•~ with interest from date at the rate of7 ~ZSyo pe~ annum, in monthly incta~i-
ments as fo!lows: s 2~•~ o~ ~FK IOt~1~y of .lUR@ , 1973 ~nd a like sum on the correspa~d~r~ day of each month therc-
afrer unril the whole be futly pa;d.
Eacl~ imtallmcnt first shall be applied in payment of the intercst and then on the unpaid bslance of the princtpsl wm. If default is made in the
paYment of any irutallment whcn due, and such defauh continues 30 days, thm at the opYan of the holder, and without any other notice, all the remaining
instalimenq shall be due and payabk at once. Yrivilegs is given !o p~epay tha note in whole w in part st any time without penslty. NeitF?e? forebearance,
rar acceptance by ?he holder thereof after any default in ~ny payments hcreon, shall be deemed e:tension. A late paymcnt charge of =
14'
~ shall be
added to each irotallment rema;ning u~pa~d 7 days after its due date, ar+d • like sum shall be added ro esch such installment remai~ing unpaid 7 days after
eack succeeding payment date.
Each m~ker, surery and endorse~ htreof, joindy and severally, w~ives demand, presentment p?otest and notice of proteat fo~ no~payment, snd further
•grees to any eatens~on of i~me of payment, either befwe w after maturity, without notice to any of us; and to pay all costs oE collenion, includ~ng a
reasonabk ateorney's fee in tlx event of any defautt hereunder, and hercby severally waives al! benefit of homestead snd exemption unde~ the constitution
and I~ws of each Srate ~of tFK United Sutes, as aga~nst this oblgation a any extension w renewal hereof.
wtness the hsnd and seal of each party. :
a/ Patrick B. i.a21~ ~ ~
i
tS~wU ~
(5~?U
s/ .I~~d~th A. Lall~ cs~?U ~
~ S ~ • ~ ) State Revenue
NO+N, THEREFORE, thc MORT6AGOR for the pwpose of securing psymcnt of said sum of s and the performsnce of ths
oove+Wnn and aQ.een,enn hereinafter ezpressed, and for divcrs good and wlwble conaideratioru, by tl~ese prexnts, does grant, baryain, sell, remise,
rekase, oonvey u~d to~firm unto the MORTGAGEE, ih wcceuors a~d suigns, alt thst cenain bt, p'~ep or pucel of I~nd, situate, tying, and beirg i~ the
~fy ~t . Lue ie and Sqte of Florida, dexribed u folbwt:
I.ot 1 of Andzew b Co•s Snbdivision as recorded in Plat Book l, Psge 33, St. Lucie
County, Rlorida au~d that part o! Gavern~ent Lot 1 of Section 15, ?vwnship 35 South,
Range 40 Bast; described as follo~rs; Beginning at the Northwest corrler of said Lot
1 padrew & Co's Subdivisian; the~e Northwestezly along the Bast right o~ way of -
the Rlorida Bast Coast Railroad; 21.10 teet to a coacrete ~onuaent; thence Bast 3
and parallel ta the North line of said Lot 1, Andrew b Co•s Subdivision,239.48
feet to a concrete aonuaent; thence Noztheasterly, 147.27 feet to a conczete aonuvent;
said aonw~ent being 37.85 teet Northwesteriy of the North line o# said Lat l,
Andrew snd Co's Subdivision as =easured along the West right ot ~ray ot Indian Rivez
Drive; thence Bast aad para21e2 to the North line o~ said Lot l; Andzew b Co's ;
Subdivision to the West sbore of the Indian River; thence Southeasterly along
the said West sbore to tbe North line of said I.ot 1, Andzew b Co• s Subdivision;
thence West to the Point of Beginning; and including riparian rights, less right of
way tor Indian River Drive.~/
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I ~ S E oR ~LO R 1 D A~ ~~~,~,s~ P~s~o~,~~~n
i o~ ~ O ~M N~ARY ,--.~.,t,y~,TAMP ilik t o cz 7t•13s. ACTS OF 19~t. l"
i s~ o DEPT. Of itE~E1~uE , pURSIIANT TO CHA- ~ ~
ti - w~r~n ~ 6 0 ~ aac~R roila?s
: ~~i~o"! ? ` CLERK Gi~l11T COURT, ST. WCIE 00, Ft/l
0
~ together wGth sl) snd singulsr the t~nts, hcreditamenri and sppurbnces thereumo belonging a in snywue appertsining thereto, a~d ~II renb, iuues.
proceeds a~d profin ~cauing and to xcrue from ssid pemises, sll of wFi~cfi are included in The sbove and fwegoing description and habendum.
TO HAVE AND TO FIOLD the ~bove desaibed and gnnted premises unto t1+e said 111IORTGAGEE, in iuocessors and ass'gns fwever. And tM said
MORT6AGOR fa tbeir hein, executon, administraton and auigns, irc?eby covenanri with the said MORTC'iAGEE, its successors ~nd assipns,
~~t they drg_ ~awfully se~ud of the said prem~ses in fee simple; thst the same are free, ckar and discha~ged fran all lienf snd encwrr
brancd i~ !aw or in equ;ty, and thar t~Y will and th@ir hein shall wsrrsnt and defend the title ro the ssme to tM aid
, MORTGAGEE, its wccessors and,assigro, forever sgainst the tawfvl claims snd dem~nds of sll pe?san;
PROVIDED, ALWAYS that if tF~ MORTGAGOR shall pay unto the MORTGAGEE the prortiwory note hereinbefwe described and shall truty, promptly
and futly perfwm, d~schsrge, cxecvte, compkte, comply with snd ab~de by cach ~nd every the stipu~aYwns, ~greements, conditions and covensnts of iaid
~ prom~ssory note and of this Nbnyage, then this Mwtg~ge snd the Estate hereby aeated shall ce~se snd be null and void.
i~ IT IS UNDERSTOOp that the word "Nlwtgagor" whether in the singular or plura) snywhere in this Mortgaye, shalt be singutar if one only ~nd
sf+atl be plursl jointly snd sevenlty if mwe than one, and that the word "tFro;r" as used anywhere in thn Mwtgsge ih~ll be taken to mesn "his;' "hen;'
a"its;' wherever the conte:t so implies ar sdmits. Also, thst-wherever there is • reference in the covcn~~ts snd agreements herein contai~ed to ~ny of
the puties hereto, the ssrne shall be cautrued to me~n ss welt ss the Mein, kgsf representatives, successors and utigro (either vduntary by act of th~
puties a inmlunrary by oper+~ion of the law) of the sarne aod that the covcnants herein contained shslt bind and the benefin snd ~drsntapes irwrt
to the respective hcirs, legsl reprcsentstives, succes~ors and au°yns of the psrties hereto.
Ard said Mortgsyors, fw themselvp and their hein, legal representatrvq, succeuws s~d auigns, hercby jointly and severally covenant and aQree
ro and with the asid MORiGAGEE, in suttesson ~~d assigt?s:
1. To psy ~II snd sirgular tF+e p~inapal ~nd inte?est and the varian snd sundry sums of mw~ey payabk by vinue of said promissory rate, ~rd this
mwtyage, each and every. promptly on the days respea~vdy the same severally become due.
2. To pay all and ingvlar the taxes, auessments, kv~es, liabilitics, obliyatioos ~nd encum6r~nces p( every n~ture ~nd kind now on said dexribed
property, or ~Fwt he~eaher rn~y be impo~ed, suffereA, P~aced, kvied, a~sussed thereon. a th~t hereafter msy be kvied w assessed upon this Nbrt9-
a~e, w tFK indebtedneas secvred hereby, each and every, wF~ dve and payabb, accadinp ro law, befae they become delinqvent, ~nd befwe any intern~
~ttaches p any pcnalty is incwred; ANO INSOFAR AS ANY THfRfOF !S OF RKOR~ THE SANIE SHALL EE VROMPTLY SATISfIED AND DISCHAR(3ED OF
RECORO ANO THE ORIGthAI OFFICIAL DOCUMENT ISUCH AS, FOR INSiANCE, THE TAX RECEIPT OR THE SATISFACTION PMER OFFICIALIY ENOORSEO
OR CERTIFIE~) SHALL dE PIACED IN TNE HANDS OF SAID MORTGAGEE WIiHIN TEN OAYS NEXT AFTER VAYMENi; and in fhe svent that a~y tfiaeof ii not
' pad, saf sf~ed and d+scl~xqed sa'd MORTGAGEE may at a~y t~me paY the ume or any part thereof witlw~t w+ivi~q or ~ffectirg any option, lien, eqvity a
•ipM vnder a by v~rrue o1 th~s mo++yaye and the f~ll amount of each •rxl every such payment shall be immediately due and payable and ihall b~ar i~terest
~.ari rhe date thercw~ untii paid at rare of n~nt per cenrum per anrwm a~d royether w,th suth intereil ahall~~iepeQ~~ j~y th~ lien o th:f moryta~.
k'j~'r ~r cj ~15
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