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Home My WebLink About1624 Fra7a)10V I THIS INOENTURE, IM~d~ ihe 25th d+y of April - w.u. 19 73 - be?ween Elner L McGee and ~Wilaa McGee his wife , - f ' ' • - ' " of St . Lucie ca,~M Fbrida, M~einaf~N d~iiqnatcd s~ tM "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORi PIERCE. • corporation orp~nised u?d exii~iny unde~ tht law~ of ths United Statoi of America a~d Mvinp iri p~intip+~ p~~ce of buiirwu in tlw Ciry of Fat PiKCS, 51. lucia County, Florida, Iweinait~r daip~ated ai 1M "MORTGA6EE." ~ WHEREAS ths MORTGAGOR u jwtly indebqd to tl+e MORTGAGEE in the ium of y18 +~0• ~ good and lawfvl mor,ey of the United Ststa sdvanced by the MORTGAGEE u~to the MORTGAGOR, ai avidenced by a catain promiuwy no~e of even date he~ewith, of which ths folbwinp in wordi and fiyu~es is a trw copy. to-wih = 18.000.00 ~10019766 fort Piercs, Fio.~. APril 25 19 ~3 ~ For value received, 1, we w either of us, peomise to psy, withouf defalcation, to the order of FIRST FEOERAL SAVINGS AND LOAN ASSOC~ATION Of FORT PIERCE at forf Pierce, Flwida, the sum of = 1 g~ 0~ • 0O w;th interest trom date at the rate~pf ~~2% a~num, in monthly install- ~ ments ai follows: t 1~•~~ o~ the i~h d~y of August ~q73 and a like sum on the correspondir+g day of each month there- aftN until the whole be fuSly paid. Each instatlment iint shall be applied in payment of the interest and then on the unpaid ba~ance of=M~e princ~pal sum. If default is msde in the paymeM of any ins?allment when due, and such default continues 30 days, then at the option of the holder, and without any other notice, all the remaining - ~ ~nstallments shall be due and payable at once. Privilegs is given to prepay tfiis note in whole or in pa?t at any time without penalty. Neithet fwebearance, nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment charge of S7 • 4O shall be added to each installment remaining unpaid 7 days after its due date, and a like sum shall be added to each such installment remaining ~npaid 7 days aftet each succeeding payment date. Each maker, svrety and endorser hereof, jantly a~d ieverally, waives demand, presentment protest snd notice of protest for nonpayme~t, and further . agrees ro any extension of time of payment, either before w after maturity, without notlce to any of us; and to pay afl costs of collection, includ;ng a ~ reasonable attwney's fee in the event of any deiault hereunder, and hereby severally waives all benefit of homestead and exemptio~ under the ~a+stitutan and laws of each State of the United States, as against this obligation or any extension or re~ewal hereof. Witness the hand and seat of each party. _ S/ Elmer L. McGee ~?u ~sent) S/ Wilma McGee + (s~?u ( $27.00 ) State Revenue (~mpCAatd l~ a'FNI! lli/i ilflq NOW, THEREFORE, the MORTGAGOR for the purpose of secvring payment of said sum of S18 and the pe?formance of tM covenants sod agreements hereinafter expressed, and fot divers good.and valuable considerations, by tlxse p?esenri, does grant, bargain, sell, remise, release, convey and co~firm unto the MORTGAGEE, its successors and auigos, all that certain lof, pieoe w parcel of Isnd, situate, lying, and being in ihs ~a,~ty of St . 1~11C 16 and State of Flwids, dewibed +s follows: f 1 Beginning at the NE corner of tbe NE; of the NW~ of Seetion 7, ?ownship 2 35 South, Range 40 East, sun West 175 feet to a point; thence turn and ~ 0. a ~ run South 566.25 feet for point of beginning; from said point of beginning continue South 93.75 feet more or less to the South line of the NB~ of the z~~~ 8 NW~ of the NE4 of Section 7, ?ownship 35 South, Range 40 East; thence tura ~ and run West along said South line 125 feet to a point; thence turn and run ~ W~ ~ Nosth 93.75 feet nore or less to a point 125 feet West of the point of be- ~ W~~~ ginning; thence turn and run East 125 feet to the point of beginning; said `°0-'~ land being also described as Lot 19 and the 25 foot stzeet lying directly ~°G adjacent to said I-ot 19 of an unrecozded plat call¢d METZGER ROAD SUB~IVISION, ~ said subdivision lying in and being a part of the I~E'~ of the NW'~ of the NE'~ i~~' ~ of Section 7, Township 35 South, Range 40 East. , ~ .rt ~ Togethez with right of egress and ingress to lot ovez and across the following ! ~ ~ Z ~ ~ described street,~to-witi ~ Beginning at the NE cosner of the NE4 of the NW'~, ot the NE4 of Section 7~ ?ownship 35 South, Range 40 East, run West 125 feet for a point of beginning; Froo said point of beginning continue West 50 feet to a point; thence turn ` a~ run South 660 feet soze or less to the South line of said NE 4 of NW~ of NE4 of Section 7i thence turn and run East along said South line 50 feet to a point; thence turn and run North 660 feet aoze or less to the point of beginning.,~ together with sll ~nd singular fhe tenements, hereditaments snd appurtances thereunto belonging w in snywise appertsi~ing thereto, and sll rents, iuues, proceeds and profits acvuing snd to acvue from said premises, all of which are included in the sbove snd foregoing dewipYan ~nd hsberdum. TO HAVE AND TO HOLD the sbove dexribed and granted premises uMO the said MORTGAGEE, its successon and +ssi9ns fweva. Md tM said MORTGAGOR for t~ 1r heirs, executon, administrators and assigns, hertby tovenanh with ti~e a: id MORTGAGEE, i» suctesson and assiqns. 3 rhat they are ~awfully seized of the said prem7ses in fee simpte; that the ssme are frse, clear snd discharged from sIl I'~ens and encurrf : brancss in Ir~r a in equity, and that they will and theiZ _ hein sh+ll warrant and defe~d the title to the same fo the wid ~ MORTGAGEE, its successo?s and suigns, forever agsinst the lawful claims and demsnds of all persau; ; PROVIDED, ALWAYS that if tFro MORTGAGOR shsll p~y unto the MORTGAGEE the promissory ~ote hereinbefore described and shsll truly, promptly i and fully perform, dixharge, execute, compkte, comply with and ab'ide by esch and every the stipvlsirons, sgreements, condii~au and covensnn of said ' promissay rote snd of this Mortgage, t)xn this Mortgage arxl the Eitate hereby ue+ted shsll tesse and be null snd wid• ~ IT IS UNDERSTOOD th~t the word "Mortgsgor" whether in the singular w plura) anywhero in this Mortgsge, shsll be sinyulu if o~e only and shall be plowl jointly snd sevaally if more th~n one, and thst ihe word "their" ~s used ~nywhere in this JNortgsge shsl) be t~ken to mtsn "ha;' "hen;' or "ib;' wherever the context w implies a admits. Alw, that wF~ereve~ there is • reference in the covenants ~nd ayreemenb f~erein ca~tsined to any of ~he p+rties hereto, ti~e ssme shsll be construed fo mean ss wetl ss the hein, kyal representatives, wccessors and sssigns (either volunt~ry by act of tM parties w involuntxy by operaYan of the I~w) of the same and that the covensnn herein coouined shall bind ~nd the benefin and adv~nta~es inwe to the respective he'as, kyal represematives, successo?s and au~gns of the p+rties hereto. " Md ssid Mortgigws, fw themielves and their heirs, leyal representativq, successas ~nd auigro, hereby joinNy snd severally covenant and ayree ro snd with the said MORTGAGEE, its successon and suigns: 1. To pay all and sinpulu the principal +nd inte~est ~nd the various and iundry wms of mo~ey payable by virtue of said promiswry rate, ~nd this mortysge, esch and every, promptly on tlx days rapectively tMe isme severafly becane d~re. 2. To pay ~II and singvlu the bxes, suessments, levies, liabilifies, obliyations ~nd encvmbrances of every n+tur~ and kind now on s+id described - property, a thst here~fter may be imposed, suffered, placed, levied, or ~ssessed thereon, w that hereaNe? may b~ lev~ed a assessed upon tFas Mort9- ~ye, a the indeb~edneu secvred hereby exh and ~very, when due and payabk, xcwdiny to law, befa~ they beca»e delinquent, and befwe ~ny intaest attaches w any penalty is incurred; AND INSOFAR AS ANY THEREOf IS OF RKOR~ 1HE SAME SHALL 6E PROMPTIY SAi15FIED ANO DISCHARGfO OF RECORO AND THE ORIGINAL OFfIC1Al DOCUMENT (SIKH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SA715FACTION PAPER OFFICIAIIY ENDORSfD OR CERTIFIEO) SHAII 6E PLACED IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN OAYS NEXT AfTER PAYMENT; ~nd in the event th~t any thereof is nw paid, sat sfied and dischar9ed sa:d MORTGAGEE m~y at ~ny rime pay the s+me o~ any psrt Ihcreof without waivinp w affcctinq any option, lien, puity or .qht urder w by vir~ue of this mortgage and tFro full amount of e~ch and every tuch paymeM shall be inwnediately due a~d payabk and sF~al! bear inttrqt ~rom the d~te thereo( unlil paid at rate of n~ne per centum pe~ annum ~nd toqe~her w~th such interett ~hall be secur~d btr j~~~of th:s morqtaye. U K y ~ bOCK~v P1;~ ~s~ - - " - _