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THIS IN~ENTURQ Ma~ th~ lTth ~y of April . A.D. 19_ 7~., MtwNn
~-lovd ~ King and Maraaret A. Kin4, his wife ~ ~ • •
of - Rt _~V~3e Cp~nty Florida, Mninafte~ dtsign~rad ai tM "MORTGAGOR;' ~nd FIRST FE~ER/(C SAWNGS ANO tOAN
A550CU1TiON Of fORT PfERCE. ~ corpwation ar~aniud and txi~tinp vnde? tM laws of t!» Unit~d St~t~a of M+~~iu and havinp ib p~incipal pl~c~ of
b~siMta M~ th~ Ciry of FoA PiKa. 51. luci~ Cow~ty, FlorWa, he?~inah~r d~sipnated as tM "MORTGAGEE:'
WHERE/15 tM MORTGAGpR h j~qt~y indebt~d to th~ MORTGAGEE i~ the ium of ~ 18, , 9ood ~ru! I~wful monsy of the Un~ted
States ~dv~nced by ths MORTGAGEE unto the MORiGAGOR, a: evidenced by • certain promiuory note oi sven dste herewith, oi which the followinp in
wordf u~d fiyures a a trw copy, to-wit: •
~18,500.00 10019726
Fwt Pierc~. Florida, - ADrll 17 ~q~~
For value received, 1, we or eithe~ of us, promise to pay, without defslcation, to the orde~ of fIRST FEDERAL SAVIfVGS /UVD LOAN ASSOCIATIOM OF
FORT PIERCE at Fort Pierce, Fbrida, the sum of ~ 18 ~ S~ 7. 7
with interest from date at the rate of ~ pe? annum, in monthly install-
menb ss follows: = 175.00 on the lOt}lday of J~e , 19 73 snd a liks sum on the carespond~~g day of each month there-
aftej uroil the whole be fully paid.
~ Each inslallmc~f first shall be applied in payment of the interest snd then on 1he unpaid bslante of tha principal sum. If default is made in tM
payment of any installment when dvs, and such default conti~ues 30 days, then st the option of the holde~, and withaut any ofher notice, all the remaining
` installmcnts shall be due and psyable at once. Privilega is give~ to prepay this oote in whole or ie paA st sny time without penalty. Neither fwebesrants,
nor +cceptance by the holder thereof after any default in any payments hereon, shall be deemed extensio~. A late paymcnt thargt of = 8•?5
- shall be
addetl to each installment remainin~ unpaid 7 diys afte~ its due date, ~nd a like sum shall be added to each :uch in:tatlment remainirtg vnpaid 7 days afia
~ cath sucteeding psyment date.
~ Each make~, wrety and codwser hereof, joir.tly and severally, waives demand, p?esentment proteat and notice of protest for nonpayment, and f~nhet
` agreey to any extension of time of payment, either before or after maturity, without notice to sny of us; and to pay all msts of collection, intludinQ ~
V~ rea~onabk atto~neyi fee in tha event of any default hereunder, and Ixreby severally waives all benetit of homestead and exemptia~ u~det the constitution
and laws of each Stafe of the United States, as against this obligation or any extensio~ or renewal hereo4.
~ Witness the hand and seal of each party. ~
~ s L oyd J. King ~u
(SE~?U
~ ts~?u
~ $27~75 s/ Mar~aret A. King ~
) State Revenve
~ (Sia+npr en~cellad eer eriqin~tTOte) .
~ NOW, THEREFORE, tha MORTGAGOR fot the purpose of setu~ing paymtnf of s~id sum of t 18 f r , and the pe~formsrxe of ths
- covensn~s aod agreements hereinafter expressed, and for divers good ~nd valuable conside~ations, by thess presents, does grsnt, barysi~, ull, remix,
release, convey and confirm unto the MORTGACEE, iri sutteuors and suigns, atl tlwt cert~in lof, p~ect or putel of land, sitvata, lying, and beiny jn fhs
~~~y ~ St . Luc i e and State of Florida, dexribed ~s fpllows:
The South 24.4 feet of Lot S, and the North 38.6 feet of I.ot 9, Block 3,
SUNRISE TERRACE SUBDIVISION, as per plat therof on file in Plat Book 5, Page 55,
of the Public Records of St. Lucie County, Florida.
~ IN PA`lMEN~ 0~ 7~
pN~
SS 'C' INTAN6IBLE PERSONILL. PROP~R~~
pU~ANT 70 CHAP'~E4 71•134. 11~1S OF 1911.
R06ER POITRAS -
CtFRf( CIRCUI7 CWRT. ST. WCIE CO.. ~
together with all and singular the tenemenn, hereditame~h and appurtsnces therevnto belonging or in_~nywise ~ppenai~irg therefo, ~nd alt rent:, (uues,
Pr«eeds and profin accru~ng and to sccrue irom said premises, aH of whicfi are included in the ~bove and forepang dexripf'an and h~bendum.
TO HAYE AND TO F~OID the above desaibed s~d granted premises unto the said MORTGAGEE, its successas u~d auigm fwever. Md tM aid
MORTGAGOR for their ~~n, executon, administr~tora s~d assigns, hereby tovenanb wifh the said MORTGAGEE, ifs wttessws ~nd utipro,
rhat - LheY are ~awfully seized of the said premises in fee simple; that tFr same ue fres, clear and dischar~ed from all 1'ieru and encwrr
brances in I~w or in equity, snd that t ey will and their he~n shsll warrant ~nd defend the titk to the s~rne to ths said
MORTGAGEE, in successors and suiyns, faever sgainst the lawfut c(sims and demands of alt pe~wr?s;
PROVIDED, ALWAYS that if the MORTGAGOR thall pay unto the MORTGAGEE tF?e promisiory rate hereinbefore dexribed ~nd ahsll tndy, promptly
and fvlly perform, discharge, execufe, tamplete, comply with and abide by each and every fhe stipulationf, agreemenb, conditio~s •nd covena~ts of ssid
prom'~aso~y note ~nd of this Mortgsge, then this Mortgage and the Estate hereby ae~ted shsfl cease and be nutt ~nd wid.
IT IS UNDERSTOOD thst the word "Mortgsgor" whether in the singular w ptural snywhere in this Mortyaqe, shal) be sinQula~ if one only and
shall be plural jointly and severally if more tMn one, and that the word "their" ss used anywhere i~ this Mortgige shsll bs tske~ to mean "his;' "hen;'
or "iri;' wherever the context w implies a admits. Alw, that wherever there is • refe?ente in the covena~ts ~nd sgreert~ents herein contained to any of
the psrtip hereto, the same shall be constiued to mesn as well as the heirs, le~al r~present~tives, s~tcesson and auigr?s (either voluntary by act of th~
parties o~ involuntary by openYan of tMe law) of the same and that the cover?snts herein contained ~hsll bind and the be~efib and adv~?tspes inw~
ro the ?espective heirt, ky~l representatires, successon ~nd ass~grq of the panies I~eteto.
Md said Nbrtgayo?s, for themsetves and their hein, legal representativp, fuccdson and suigr», hereby jointly and ssverally toven~nt ~nd ayrae
to a~d with ths ssid MORTGAGEE, its succeuws ~nd ~uigro:
1. To pay ~II ar+d sirgular the principal and interest snd the wrious ~nd sundry sums of mo~ey paYable br vinue of said promiswty nate. ~nd this
matyaye, e~ch and wery, promptly on the days respectively the ssme sewnNy become dve.
2. To pay ~tl and tirgul~ tl~e tsxes, atsessmen~s, levies, liabiliries, obliyatiaa and enc~mb~nces of every n~ture and kind now on said desuibed
propNty, or tMt hereaher rrwy b~ imposed, wffered, placed, levied, a assessed thereon, a tMt hereahe? may be levied or asaessed upon thh MortQ.
s9e, a tM indebtedness iccured hereby each and every. when due and payabk, atcwdinp to (aw. befwe tt?~y become detinque~t. ~nd befor~ arry ir~ter~st
attaches p any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAIt SE PROMPTIY SATISfIEO AND DISCHARGEO Of
RECORD AN~ iHE ORIGINAL OfFIC1Al pOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OfFICIAItY ~ENOORSEO
OR CERTIf1ED) SHALL BE PLACfD tM THE HANDS OF SAID MORiGAGEE WIiHIN 1EN DAYS NEXT AFTER VAYMENT; and in the event that ~ny thereof is nW
paid, sat'sfied ard diichar~ed sa:d MORTGAGEE m~y ~t any time pay the same a aoy part thtreof withovt waivirg or ~ffectinq any optioe~. lien, tqoity w
•ipht unde~ o~ by virtue of this mortga9e and tF~e full amount of estF~ a~d every such payment shafl be immediately due snd pay~bk ~nd sh~ll bsu inf~rqf
~•om the date thertof ~ntil p~id at r~te of nine pe~ centum per annum a~d toQe~her with such interest iMll bg R red by the lien of th:s mor9tpe.
soc~213 YACF ~44
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