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HomeMy WebLinkAbout0200 254290 ~ THIS INDENTURE, M~ tfi~ 8~ d+Y cf ~T A'~' 19-" f Aarria Canet.rnat~~raticr?~ a l~lorida cornora~f an. o( -S`t ~ . Co~ny florida. I+a~in~ftM dtsign+ted u tM "MORTGAGOR;' ~nd fIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE. a cwpaation orq+nised u?d ~xistir?p unda IM laws of tM U~ited Suta of Arn~ka ~nd havkg ib principsl pl~ct of businaa in tM City of Fwl Piua, St. l~ci~ Counry, fbrid~, h~~ein~fter d~sipnat~d a tM "MORIGAGEE." WHEREAS tM MORTGAGOR is jwtly inJebt~d to th~ MORTGAGEE i~ tM wm of ~ 2017~~~ yood and I~wful money of the United States advanced by tM MORTGAGEE unto ths MORiGAGOR, as evidenced by s cart~in p?omissory note of ewn date herewith, of which the followinp tn wwds and fipures is a t~w copY. to-wil: =_2o,?ao.oo 1oa~98~8 ~ ~«r r~.?n. ~.~a.. ~ a.- i9_3.3_. ~ For value received, 1, we w either of vs, promise to pay, without defalcatioo, to the order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF ~ FORT PIERCE at fort Pierce, Fbrida, the sum of with i~terest from date at ths rate of ~96 pa annum, in monthly in~?sll- a ments as follows: f 1~•~ on the ~~tt~. day of ?~~~~r 19~- and a like swn o~ ths cwrespa~d~r?p day of each month therr after until the whole be fuily paid. ~ ~v Esth installmeot fint shsll be sppiied in payment of the interest snd the~? on the v~paid balance of the principal tum. If default a made ie+ the payment of any installment when due, and wch defauh continues 30 days, then at the option of the holder, and without any other notice, all the remaininy cnsrallmeMS ihall be due and payabb ~t once. Privitege is given to prep~Y tha noro in whole w in part at a~y time without penalry. 7~~orebearurce, ~ nor scceptance by the holde~ thereof after any default in any psyments hereon, shall be deemed extension. A Iste payment charge of sMll be added to each installment remaining unp~id 7 days after iri dve date, and a like sum shall be added to each such inttallment remaining uopaid 7 days after each succeeding payment date. ~ Exh maker, svrety and endoruv hereof, jointly a~d uverally, waivcs demand, prexntment protest and notwe of protest for iwnpsyment, and fvrth~r . agrees to any extension of Yxne of payment, either before w after maturity, without notice to any of us; snd to psy all cosh of collecrion, includinp a k reasonabk attorney's fee in the event oF any default hereunder, and hereby xverally wsives a~l benefif of homestesd and exemption under the constitution ~ znd laws of each State of the United States, as against this obligatan w any extensan w rcnewal I+ereof. w~~~ss the h~od aod s~a~ of e+~?? ~nY. RARRIS OQN3lRUCTION C~OR1lTI0N ~ ~t S/ ~el J. Aarria~ ~wu ± ~ - _ President cs~?U Corporate seal af!'i~ed Attsst s S/ Franlclin Aarria cs~w ~ sseretar~ ~u c ~~]~4~_~ state ae~N,~. t~wnp~~*+ee~ta~a*ee~y~~wirwe~re~ . NOW, THEREfORE, the MORTGAGOR for the purpose of securing p~ymeM of said sum of i 20~~~~~ . ~nd the performance of th~ covenanri snd agreert~enb hereinafter expressed, and fw ~ven gaod and valwble considerations, by these presa+ri. do~s yrant, barpain, sell, remis~. release, convey snd confirm v~to the MORTGAGEE, iri succcssors and asti9nM all that cerf~in lot. piea or parasl of bnd, sitwte,~ tyirg, and beirg in ths County of T~=?!~ and Stat~ of Florid+, desvibad as follows: Lat 5 less the West 22.24 feet thereof~ and t,Le West 27.11t feaL o! Lot 6~ Block 5~ REPLAT OF SDNSBT PAHIC, as per plat t~ereof an f`ile in Plat Book 11, p~ge 28, Phtbli,c Records of St. I~cis CamtT, Flor3da, ? ~Q~~PT ~ k ~ ~~~P `~c~ , _ i O/ ~ t I ~~`P ~ ' -j.- - :3 . ~ o_ n~ p~~"' o~ t'~ t~ v ~-.11- ~rr. ~ Pt~? ~ ~ ntr~~e~?~s°'u`~ i a~pL`~~ .~~c~' ~ To c~R ~i•i~. ~s oF ie~~. r~ / 's ~ 0~,~• - ep;;Ee ro~~S ~ ~ Q~. ~~~11t CWRT. ST. LIICIE CU•• ~ ~,o.t~ ~ ~ \`~p2 GS~G ~ f~ ~ 0 rogether with all snd singubr the tenements, hereditamenb snd appurtsnces thereunto belongirg w in anywi~e appertsinirg thereto. ~nd ~II renri, issves, prxeeds and profin acauing and to accrue from ss'~d premises, all of which ue induded in the sbove and fora9arg description ~nd h~bendwn. TO HAVE AND TO HOLD the above desuibed and grsnted promises unto the said MORTGAGEE, ib waeisors and sssigns forewr• Md th~ said MORTGAGOR fw i'~ - hein, executws, administnton and •uigro, Fxreby covena~b with the s~id MORTGAGEE, its suuesson ~nd suipm, that it' i8 _ lawfully seized of the ssid premises irt fee simple; that tf~e s~me ue free, clear and discMrged from ~II Ik+u and encum- brances in law or in equity, snd thar it will ~nd it8 hein sh+ll wsrrant u~d defend the titk to the s~me to tM ssid MORTGAGEE, its svcceuors +nd assigns, faever ~yainst ths lawful claims and demsnds of all persom; . PROVIDED, ALWAYS that if t1~e MORTGAGOR shall pay unto the MORTGAGEE tl~e prom'~ssay note hereinbefore described and sh~ll trvly, promptly ~ and fully perfwm, diuha?ge, execute, complete, comply with ar?d abide by each ~nd every the stipulations, syreements, conditian ~nd coven~nb of s+id promissory note and of this Mutgsye, then this Mortgage and the Estate hereby created shall oe~se and be nuU ~nd void. IT IS UNDERSTOOD that the word "Mortgsgor" whetF?er in the singutar w plwal snywhere in this Mortg+ge, shall be sirgulu if one only and shsfl be plural jointly ~nd severslly if more tF~an one, and that tF~e word "their" as used a~ywhero in this A6o~ty+pe shall be taken to mean "his," "hsn;' or "iri," whereve? the context w implies w ~dmits. Al~o, that wherever thae is s refera+te in the covenanri and syraemenb herein oonfained fo any of the panies hereto, the ssme shall be construed to mesn ss well as the hein, kyal representatives, suaesson ~nd +ssi9ns (either voluMuy by ~ct of the parties or invdu~t~ry by operation of the Isw) of the same snd that the covenann herein contsined shsll bind ~nd tM benefin and sdv~ntay~s inur~ to the respective heirs, kgal represent~tiva, succeswrs snd au~giu of the part~es I~ereto. And said Mwtgsgors, for themxlves snd their hein, legal representativa, succeuws and aui~ro, hereby joiMly and sevaally coven+nt ~nd syree fo and with the said MORTGAGEE, its succeswn and sssigm: _ - 1. To pay all and singular the principal and interest s~d tF?e vsrious ~nd sundry wms of mo~ey p+yable by virtue of ssid promiswry note, and this mortgage, esch snd every, prompNy on the days respectively tF~e ssme sever~lly become dve. • 2 To p~y all ~nd sirgular the taxes, auessmenq, levies. IiabiliYrcs, obligsfions and e+~cumbrances of every nsture and kind now on said oewibed property, w that here+fter may be impaed, wffered: Placed, kvied, w ~uessed thereon, or tMt hereaher may be kvied a auessed upon tha Abrp- age, a the i~debtedness secured hereby, e~ch and every, whe~ dire ud pay+ble, aaadinp ro law, befor~ tbey becane delinque~t, ~nd befor~ u~y interest attaches w any pcnalty is incurred; AND INSOFAR AS ANIf THEREOf IS OF RKORD THE SAME SHALL BE PROMPiIY SATISfIED AND DISCHARGED OF RECORD AND THE ORIGINAI OFFICIAI UOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSE~ ~ OR CEKTIFIED) SHAU BE PLACED IN THE NANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER VAYMENT; and in the evenr th~t any thereof a not paid, sst'sfied and dixharged sa:d MORTGAGEE rray st sny t~me p+y the same or sny part thereof without waivi~y or affettiny sny option, lien, equiry a •~qht ~nder or by virtue of this mortgage and the full amount of escF~ and every wch payment shall be immediately due and psyabk end sh~ll be~r i~tqqt f.am ti+e date tF~ereof until paid at rate of nine per tentum per annum ~nd topethe? wi n re t shall be secured by the lien of th:s mor9fape. ~ C~~~ ~ ~ - _ - r# ~5. ~ j'~~",sAx.r° ~ a ~ _ ~sg ~ ~~~•h ~r":.~~_'~e.~~'..~ ~_t.i . . ~