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THIS INCENTURE. AMd~ t!u ~bth dar of ADl~1 . A.D. 19~-. b~~~?
Pearl Construction Co:, Inc. ~ a Rlorida Corneration ~
of St. Lucie Counfy flwida, her~in~ita daign+ted ss tM "MORTGAGOR,' •nd FIRST FEDERAI SAVINGS ANO IOAN
ASSOCIATION OF FORT PIERCE, s cwpaation or~nizsd and exi~~inp undN 1M laws of tM Unit~d Sfa1N of Am~rk~ ~~d Mvinp i» princip~l plac~ of
buiintsf M tM Ctty of Fort PiKC~. St. L~ci~ Counry. Fbrid~. hereinah~r desipna~~d +s tho "MORTGAGEE." `
WHEREAS tM MORTGAGOR it jwtly G~d~bttd ro tM MORTGAGEE in tM wm of = Z6 • 2~ good +~d I+wfvi money of the Un~~ed ~
States advanced by tM MORTGAGEE unto th~ MORiGAGOR, as ~videnced by a cert~in promiuory note of even date herewith, of which the iollowinp in
wads and fipurss is a trw copy, to-wit:
s 26~200~00 ~ 10019~67 ~
~ P~~n. F~~. April 26, ~y 73 ~
For value received, 1, we or either of us, promise to pay, without defaltation, to the order of f~RST FEOERAI SAVINGS AND LOAN ASSOCIATION Of s
FORT PIERCE at Fort Pieres, flwida, the sum of s 26 ~ 2~.~0 w;th interest from date st the r~te of7 •75 % per annum, in monthly install- f
ments ss follows: f 216.~ on the 10th d+Y ef AuC)ll St , 19 73 and a like ium on the cor?esponding day of each month therr
afier until the whole be fully paid.
Each installment tirst shall be applied in payment of the interest and then on the unpaid bslance of the p~inctpal s~m. If default i~ msde in the
payment of any installn.ent when due, and such default continues 30 days, then at the option of the holder, and without sny other notice, all the remaining
~nstallments shalt be due and payable at w~ce. Privilege is giveo to prepay this note in whole or in part at any time without pe~slty. Neither fwebearance,
nor acceptance by the holder tF~ereof after any defauh in any p+ym~~ts hereon, shsll be deemed extension. A late payment charge of s
1~Q thall be
added to eath installment remai~ing unpaid 7 days after its due date, and s like sum shall be added to each such installment remaining unpaid 7 days after
each s~tceeding paYrt+ent date.
Each maker, surcty and endorse~ hHCOf, joinNy and severally, waives demand, presentment protest and notice of prote~t for nonpsyment, and further ~
agre~es fo any extensan of time of payment, either before w after maturity, without notice to any of us; and to pay all costs of collection, including • ~
reasonable attorney i fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the constitutio~ !
and laws of each State of the United States, as against this oblgation w any extension or renewal hereof.
w~toess the ha~d aod seal of exh party. PEARI. CONSTRUCTION CO. ~ INC.
Corpozate Seal Attixed _ BY: S Gary L. Pearl, President ~~u
• ~ ` 1, - . • (SEAU
- A?TEST: S Philip Pearl, Secretary-
~ S39.30 i State Revenue ~ ~ 2rQasurer .
cSraa~a caoo.lled an orieinalsots)
NOW, THEREfORE, the MORTGAGOR for the purpose of iecurirg p~yment of said svm of S 26 • 2~ , and the pe?iormanct of tM
covenants a~+d sgreements l+ereinaftcr expreued, and fw divert yood snd wlwble considerations, by the~e presents, does graM, barysirt, sell, r~mix,
release, convey and confirm unto the MORTGAGEE, its successws and auigns, all tMt certain bt, piece or partel of land, situate, lying, and being in the
County of St. LZ1C~Q ~nd Stat~ of florida, dewibad ~s follow~:
~
The Qast 35 feet of I.ot 21 and the west 45 feet of Lots 22 and 23, Block 2,
WAGdVER SUBDIVISION, as per plat thereof on file in Plat Book 9, page 74,
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of the public records of St. Lucie County, Rlorida ~
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. o~ u~a2 c 13 ~ 3 9• ~ O ~ ~ ,~Q 1K PAYMLt1T OF
~ pECE1VE~ ,C, ~iqNGIBIE ?E. ; %:i>L PROPLERn~ ( `
~ p~ Q~l C1.'1SS ~E~ 71-13~. ~~S ~ ~ ~
pURSIMNj 10 pp1tR!!?S ~ ~
ST. LUCIE G0.
~R1( CIRCWT ~RS~ t
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rogether with all and singulsr the tenements, hereditamenb +nd appurb~ces thereunto belongirg a in snywise ~ppe?taininp therefo, ~nd all renb, issues, j
proceed~ ~nd profin acuuirg and to eccrue from said premiies, all of which are included in the above and foregdrg description and hsbend~m• ~
TO HAVE AND TO, HOLD the sbove dewibed and yranted p?emises ~nto the said MORTGAGEE, iri successors and +uiyns forever. And th~ s+id
MORTGAGOR for lt5 heirs, executon, ~dministraton and auigns, hereby toven~nts with the said MORTGAGEE, iri suttesson and +~sipro.
rhat lt 1S ~awfully seized of the said premises in fee iunplr, that the same sre free, ckar and d'ncharged from ~II liens and ~nevirr
brances in law or in equity, and thst i t will and it S hein shsll wunnt and defend ths title to the ~arn~ ro tF~t said ~
MORTGAGEE, its successors ~nd ass~gns, fwever sgsinst the lawful claims and dema~ds of sll persan;
PROVIDED, AIWAYS thst if fhe MORTGAGOR shall pay unto the MORTGAGEE the p~omissory note hereinbefwe described and shall truly, promptly
~ and fully perfwm, diuharge, exccute, compkte, comply with and ~bide by each and every the stipul~twro, spreement~, conditions snd coven+nn of said
promissory note and of this Mortg+ye, then this Mortgage and tl+e Estate hereby veated shall p~se and be null u~d void.
~ IT IS UNDERSTOO~ tM1 the wwd "Mortgagor" whetF~er in the sii+gula? w plwal anywhere in this Mortgape, sFull be tirgulu if one only and
~ ihall be plw+l 'pintly and sevenlly if more tMn one, ~nd tMt the word "their" as used ~nywhers in tha Morty+ye shatl be taken to mean "his;' "F+tn;' ~ ~
~ or "i»;' wherever the context w implies w admits. Alw, that wherevet there is ~ reference in tM cov~n+nb ~nd ~yreeme~b Frcrein contained to any of ~ J
the p~rties haeto, the same sh+ll be construed to mean as welt as tM hein, leyal rep~esentatives, s~ccesson and auipra (either voluntary by ~ct of th~ `
~ part'~es or involunqry by ope~+ioon of the law) of the same snd that the covensnts herein contained sMll bind and the benefib and advantapes inw~ s
io the ~espective heirs, 1e9a1 representatives, succ~wn and asrgro of ths parties hereto: ~ i
~ /~nd sa;d Mortgagors, fw themselves and their hein, kgsl represent~tives, succeuws snd sssiyro, hereby jointly and ~everally covenaro and apree
to and with the taid MORTGAGEE, iq sutce~sors and assiyns: ~ ~
~ ~
1. To pay all and sinyular ths pri~cipal and inte~est ~nd the wrious ~nd su~dry swns of mo~ey paYabl~ by virtu~ of s~id prom~ssory oote. and tha t-~
mort9ape, each and wery, promptly o~ tM days respectiv~ly the same sev~rdly become d~e. , ~
2. To pay dl ud si~gvlar tM taxes, assessments, kvies, liabilities, obliyati«a ~nd ~ncwnbrances of ~very n+twe snd kind naw on uid describ~d ~U
~ Property, or that hereaftN may be imposed, sufferd, placed, levied, w~ssessed thereon, or tMt htrtafta may b~ kvied w assesud upon this Mort¢ z
aye, w the indebted~est secvred her~by, eacb and wery, when dw +nd p+yable, accadinp to I~w, befor~ tl~ey becane d~linquent, ~nd btfon ~ny intares~
ertaches w any penalry is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD TME SAME SHAII SE PROMPTIY SATISFIE~ AND DISCHARGEO OF ~
REtORO AND THE ORIGINAI OfFIC1Al OOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfAC110N PAPER OFFICIALLY ENOORSED ~
OR CERTIfIED) SMAII EE PIACE~ IN THE HANDS OF ~AID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and i~ the evtnt tMt ~ny thertof is nw
p~~d, sat'~fied and dixharqed sa:d MORTGAGEE m~y ~t any time p+y Ihe same w any pan th~reof withovt w~ivirg a affectirq any option, lien, puity o? ~
•~qht unde? a by virtue of this mo~~ype +nd the full amoum of each and we.y wch pa~menr ah,ll be ~mmed~ret~ dve ~nd payabk ~nd ~II bsar intNes+
~.om the date tMrwf until paid ~t rHe of nfne per cenam per ~nrwm ~nd ~oycthe. w~rh ~vch inre.eN ~MII be secured by the lie~ of th:s n+oryqqa
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