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HomeMy WebLinkAbout2043 253431 . THIS IN~ENTURE, Mad~ tM ii~ ~Y of MaY . A.C. 19~~ bNwMA Cliewn Waahin9ton and Willda~ Mpe ~?y,ashi_ naton, his ~?ife tounty Flarida, M.~in+hK d~apna~ed ~s tM "MORT(if1('aOR;' ~r+d FIRST fEDERAI SAVINGS AND IOAN af St. Lucie ASSOCIATION OF fORT PIERCE. ~ corpora~IOn orp~nlzed and ~xii~iop undK tM laws of tM Unit~d Sutp of Am~rica ~nd havi~p its principal pbt~ of busin~a In ~M Ciry of Fort Pi~.u, St. luci~ Co~nty, Flwida. Mr~uwite~ d~sipnaj~d es tM "MORTGAGEE.•'• WHEREAS tM MORTGAGOR is ~ustly ind~bqd 1o iM MORTGAGEE i~ th~ sum of 6~~0`O0 good +nd lawful money o( the Un~ted Srat~s adv~nced by ?M MORTGAGEE unto th~ MORTGAGOR, ai evidenced by.a pnai~ pro~iuory note of even da~e herewith, of which the foilowinp in w«dsban~ j~u.n_~ a trw copY. to-wit: _ ~ pp W ~ 100},9797 fort Pieru. Flwida. Mdy 1 ~ 19~ for value received, 1, we w either of us, promise to pa , witho~t defalcation, to the order of FIRST FEDERAI SAVINGS~ AND IOAN ASSOCIATIOfV OK _ FORT PIERCE at fat Pierce, Fbrida, ths sum of = 6~~~' ~ with intere~t irom dste at the rate of 7• 7~96 pe~ ~nnum, ie? moMMy imtatl~ R+ents a~ follows: S 65•0O on the 10tf1 ~y of June ~q~ a like tum on the cwrespond~ag day ot each month ther~= ateer until the whole b~ fully paid. ~ Each installmeot fint shsll be applied in payment of the i~terest a~d tF~en on the unpaid bal~nce of the p~incipa) sum. If deiault is mad~ in the payment of any installment whe~ due, and such default continues 30 days, then at the optror? of the holder, and wilhou? any ott~ ~otite, all the remaining ~nstallments sh+ll be dwe and payable at once. Privilege is given to prepsy this rate in whole or in pa~1 at ~ny time withouf penalty. Neither forebearante, nor acceptance by the holder thereof after sny defavlt in any payments hereon, shall be deemed extension. A late payment charge of i~ 2 5 shsll bs added 1o each instaliment remaining u~pa~d 7 days after its dus dats, and a like sum shall be added to each such installment remaining unpsid 7 dsys afte~ each sucteeding payment date. E~ch maker, surey and endorur he~eof, jointly and sever~lly, waives demand, prexntmeM protest and notice of protest fw nonpayment, and further a9rees to sny exte~san of time of payment, either before w after maturity, without notice to any of us; and to pay all costs of collectio~, includ~ng a rea:onable attwney i fee in the event of any detault hereu~der, and hereby uverally w~ives sll benefit of homestead and exemption undet the constitvlion and laws of each State of ~he United S~ates, as against this obligation w any extension ot ~enewal he~eof.. Witness the hand and seal of each party. (SEAy s/ Clinon Washinaton ~U cs~?u s/ Willie Mae Washinaton « ~ S9.OO ~ State Revenue (Srs~wpt ~anpll~oa-osi~iwaL woM) NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of s 6+~~ ~ 0O and th~ perfwm~nce of 1he cov~nants +nd agreements hereinafter expressed, and fa divers good and vstuable consider+tans, by theu p~esents, does grant, baryain, tell, remise, retease. convey and tonfirm unto the MORTGAGEE, its iuccessors ~nd aui9ns, all th~t certaio bt, piete o~ pucel of I~nd, tituate, lying, and being in ths County of St. Lueie and Sute of Flwida, de~uibed as fdlows: Lot 6 of LENORA SUBDIVISION, as per plat thereof recorded in Plat Book 8, page 15, public records of Saint Lucie County, Rlorida. ~ , y~ S A oF oMPDA ~ p= OOCUMEN~ f ~ ~ DE4 .OF RE 0~. Q v t ~ ~ u ;li PA`l~~R ~ rER~~ ~ •+c ,.at-2'T~ CE111~0 ~ GtBtE P~~'~ p~' ~ ~ ~ ~ 1~ 02 . ' ~ ~ pK CIA~ C~~ 3a. ??„~S ~ ~ 1'/ . c 71-1 ` 0 02 Z j0 pp1iR~ ~ ' . . , pURSUAN ~'EllitT. SS. LUCtE (~R1t CIRC1Nj ~ i together with sll and singubr the tenrme~ts, hereditamenri ~nd ~ppurtances thereunro belonging w in anywise appertaininy therefo. ~nd all rents, issues, ; proceeds snd profits ~cuuirg and to scvue from said premises, all of which ~re included in the abov~ snd foregarg destripYan and Mbendum• ~ TO HAVE AND TO HOLD the above desvibed and 9~~nted premises ~nto the uid MORTGAGEE, ib successon snd aug~n fweva. Md tht s+id % MORTGAGOR for thei hein, e~cecutors, •dministretors and assigns, hereby covensnn with the s~id MORTGAGEE, its woceswrs snd auipro, rhat t~ a re ~~,N{ully sei:ed of the said premises in fee simple; that the same ~re free, clear and dixhsrged from ~11 liens and ~ncvm~ brances in law w in equity, and that thev will and thel r hein shall warrant ~nd defend th~ title to the ssme to the said MORiGAGEE, its sucuuas a~d assigns, faever agsirat the lawful claims ~nd demands of all penwa; ~ PROVIDED, AlWAYS tF?at if the MORTGAGOR ih~ll pay unto tF~e MORTGAGEE the ptomissory rat~ Mereinbefwt destribed and shall truly, promptly ~ ~ and fully perform, d~scMrge, execute, compkte, comply with snd abide by esch ~nd every tF~e stipulatiau, ay~eements, conditiaa and tovenaob of said ~ F ' promisiwy note and of this Mortgage, then this Mortg~ge snd the Estite hereby aested ahall ce~se snd be null ~nd void. 4 ~ IT IS UNOERSTO00 that the wwd "Morty~gw" whether in the singular w pluwl ~nywhere in this Mortgage, shall be sinyular if on~ only and ; ~ shall be plural jointly ~nd sever~lly if rteore tMn on~, and tMat the word "their" at v~ed anywhe~e in ti?is Mortyaye sh+ll be t~ken to me~n "his:• ••Mn•• i o. "iri;' wt~e~eva the context w implies or admits. Alio, that wherever there is ~ referenc~ in the coven~nts and ~greements herein oontained to arryr of ~ rhe puties hereto, the ssme ihall be construed to me+n ~s well as the hein, leyal ~~presentatives, successon and auigns (eitMr voluntary by ad of th~ ; pa.tief w involuntary by operatiw? of the law) of the same and that t1~e covenantt htrein contained sMll bind u~d tM benefits ~nd ~dvantaQ~s inur~ x ~ to the respective heas, leyal represenbtives, succeswn and au~yns of ths parties hereto. 3 ~ ~ And said Mortysyors, /w themulves a~d their hein, kgal represent~tives, successon ~nd aaipns, hereby jointly arid ~everally covensnt ~nd pree ~ ~o and with the sud MORTGAGEE, its succeuon and aisigra: ! ~ 1. To pay alt and siig~lu the p~iocipd and imerat ~nd tM varian ~nd sundry sums of money paY~bk by virtue of said promiiwry note, and tiw morfgage, each and every, promptly on tM days reipeaively the san+e ~ever~lly becorn~ dw. 2. To pay dl ~nd sinpula~ the tsxes, asseiunenn, levies, liabilities, obliy+twm ~nd sncumbr~nus of ~very natwe and kind now on said dewibed ~ ~ Property, or that I+ere~fter m~y bs imposed, suf(ered, placed, lavied, a~u~ssed thereon, w tMt hersaiter may be kvied p atsessed upon this Mort¢ ± ~fle, a IFw indebtedneu ucwed I~ereby. ~ach and evKy, wh~n due ~nd payable. ~ccadinp to law, before tl~ty becomt delinquent, and b~fon ~ny intere~t ~ stathes or any pen~lt~ is incurred; AND INSOFAR AS ANY THEREOF IS Of R~CORO THE SAME SHAII 6E PRO1NPiLY SATISFIEO AND DISCHARGED OF RECORO ANO iHE ORIGINAL OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, TFiE TAX RECEIPT OR THE SATISFACTION PAPER OFfICIALIY ENDORSED + OR CERTIFIED) SHAII SE PUCED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the evsnt tMt any thereof is not t paid, a~t'stied u+d dixharqed sa:d MORTGAGfE may at any t~me pay tF+e ~ame w any part thereof without waivinp w affectirg any option, lien, eq~?ity w •~aht under w by virtue o1 thes morryage and the full +mount o( each •nd every such payment thall b~ immedi~te(y due ~nd pay~bk and shall bear int~r~st ~rom tht date therwf u~til pald at r~te of nine pe~ cemum per •nnum and toqether w~~h ~uch intne 0 red by ffie li~n of th:~ mosqbpt. e~~ P~C~204O ~ ~ " ~ ~ ~~y -