HomeMy WebLinkAbout0204 254292 ~ .
THIS INDENTURE. IN~d~ th~_ 8~ d+y of 19~
- Sasel J. ~Rarr~. a o+t~ _
of st. Ln~oie ~ Cpmfy fbiid+. htt~i~+ha d~sipn+t~d u tM "MORTGAGOR;' ~nd, FIAST, F,E~ERAL ~AVINGS AN~ LOAN
ASSOCIATION OF fORT PIERCE. a oorporstian ory+niz~d and ~xiitirg w+d~. th~ lav~n of tM Unit~d St~ta of M+~Ac~ ~nd havinp . Ns PtirK1W1 plsn of
busimaf M tM Gty of Fwt Pi~ra. St. luci~ Couoty. Flaid+. M~tinahK de~ipn~t~d as th~ "MORTCNGEE.••
WHEREAS rh. MORTGAGOR is ~us~y indebad a th. MORTGAGEE i~ ~he awn of i 1.~1; ~.QQ ~ood •nd lawful m«~.y of ~he Un~ted ~
Sut~s ~dvanced by ths MJRTGAGEE unto ths MORTGAGOR, as ~videnced by a urtain promiuwy note of even dste hertwith, of which th~ folbwinp in
iords ~'g~.r~b • trw topy, to-wit: ~1~9~~
ifi
~ ~ Ps..u. ~.~a~. ~ 8~ ~ 19 73
fa value rsteived, 1, we or sitht? of ~s, promis1e ro pay, without defalcation, to ths orde? of fIRST FEDERAL SpAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE at Fort Pierce, Fbrida, the sum of ~~i~~~~~~ with intereit fran date sf the rate of v•v 96 per ar?num, in monlhly install-
menrs a follows: t 11a.0~ ~ day of 19~_ uod ~ like ium on the cwrespond~np d~y of each month therr
after unt,l the whole b~ fully paid.
- t xh insta!Iment first shall be applied io paymee?t of the interest and then o~ ths unpaid b+laoce of the prindp~l sum. If defauh is made ie the
payment of any imt~liment when due. and such defauh ca~tinues 30 days. then at the optae~ of ths holder, and without ~ny other notice. ~II the remainirg
in:tallmenb sh~ll be dve and payaNb ~t onte. Privileye h given ro prep~Y this ~ote in whok w in p~rt at ~ny time without penalty. N~e~ithepr ~forebtarance,
nor ~cceptan4e by_the holder thereof aher_anY default_ i~ sny payment} he?eon. _sl?~Il bg d4emed extauion. A late psyment_ charAe of i.71~,sh~ll be
added to each installmeM remaining unp~id 7 dayt after its dve date. ~nd a like wm shall be sdded to eac~+ such installment remaininp unpaid 7 days a~ter_
each sutteeding payment date.
Esch msker, wiery snd~ei~dorser hereof, joinNy and sevenlly, waives demsnd, presentment protest snd notice of protest for ~+onpayment, and furtha?
agrea fo ~~y eztension of time of payment, either before w after maturity, without notice ro any of us; and to paY all costs of colleciia+, includinp •
reasonable attor~ey i fee in the eveM of sny default F?ereunde~, and hereby severally waives all benefiT of fwmestead and exempYw~ under the caatitution
and laws of ~ach State of the United Sutes, as against this obligation w any exteosion .a renew~l hereof.
Witness the F?and and sesl of each party.
S/ Ha~el J. Aarrie. cs~~w
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r ~1.OQ ) Stste Revsnw -
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NOW, THEREFORE, tM MORTGAGOR for the purpose of secvring p~ymeM of uid sum of i~~f~ ~nd tM Perform+nce of tM
covenanri and sgreemenn he.sinafter expreued, and for divers good and wlwble consider+tio% by tlies~ presents, does Qrant, barpain, sell, remae,
releass, oonvey ud confirm unto the MORTGAGEE, in suttesson snd ~ui~ns, ell that cert+in lot, p'~tu ot pucel of (and, sitwte, lyirg, and beinp in the
County of , ~nd Stste of fbrid~, d~wibsd as follows:
The Santh 3o reet oi Lot 11. sa,a tbe xorth 45 reet or I.o~t lo, H1ock 3, ~II•BOiis suHDIVISIOR,
aa recorded in P~at Boolc 6, at pag+e 24, of tba Pnblic Records of St. Incie Caanty, Florida~..
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~ ~t~~^ . ~~Erym IN PAYMEM OF TA~(ES
~ ° DlE QN CIASS 'C INfN1~181E PERSONIIL PROPERi~
~ p!lRSUM(i Tp ClIAPTER 71-134. AL`TS OF 1971.
~ ~ ~osat ro~r~as ~~y
annc c~1~ st. wc~ oo, Fu /
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together with all snd iugulsr the tenements, hereditsmenri and sppwtarKes thereunto belaginy a in ~nywise sppert~inirg tl~ereto, and all renb, issues,
proceeds +nd p?ofiri aaruing and to acwe from said premises, all of wFiKh sre ind~ided in ihe ~bove a~d fore~oiny deacription and Mbeodum.
TO MAVE AND TO HOID the sbove desuibed and gnoted premises unto the said MORTGAGEE,. its wasswn and assges for~va- Md tM wid
MORTGAGOR for ~r hein, executon, sdministrstors and suigns, hereby tovensnn with ths s~id MORTGAGEE, its wocesson ~nd assipro.
rF~at $he ~ - lawfully uiud of the s~id prem~ses in tee simple; that the s~ms ue free, clear ~nd d'acF~aryed from all liero and ~ncu~
b.ances in law a ie equity, and that s~ will and ~er I~ein shsll wanant a~d defend tM tNle to tM wm~ to th~ s+id
MORTGAGEE, ib successors and sssigns, forever ~gsirnt the Iswful claims and demsnds of all persa+s;
PROVIDED, AIWAYS thst if the MORTGAGOR shall p~y ~nto the MORTGAGEE the promissay note hereinbefor~ descrFbed and sh~ll tnrty, promptly
and fully perform, d'ach+rge, execute, compkte, comply with and +bide by each and every the stipulatwro, +~reemenri, conditioro ~nd covensMS of ++id
promissory note and of this Mortga9e, then this Matgs9e and the Estate haeby vested sMll ceas~ and be nvll and void.
~ IT IS UNDERSTOOD tMt tFx word "Mwtyspw" whether in the singular or plw+l anywl?en in this Mortgape, shall be sirgular iF one only u+d
shall be plural joimly u~d sevaally if more tMn one, and that the word "their" u vsed anywhen in thia Mortyap~ sh+ll be tsken to mean "hi~.•• •'h~n••
or "its;' wherever tMe context w implies w sdmits. Abo, thst whereve? thne is a r~ference in the cowrwnn and apreemen» h~rein oontained to ury of
the p~rties he~eto, the s+rn~ sh+ll be construed to mean ~s well as the hein, leyal represantativa, waessors and assiy~s (either volumsry by ~cf of fM ~
psrties or involuntsry by operstan of tix law) of the same snd that the covenants herein contsined shall bind ~nd the benefits and adv~nty~ra GxK~
ro the respective hei», leyal representatives, successors aod au~yns of the psrY~es hereto. , 1
And said Mwtgagors, fa themselves and their hein, legsl representatives, successors and assiyns, hereby joimly and severally covenuN and ayree ~
to a~d with the ssid MORTGAGEE, its s~?ccessws snd assigru:
1. To p~y all and sirg~lu the princip~l and interest and the wrian snd wndry sums of morxy paY~ble bY virtve of aid promiswry note, and this
mort~age, each and every, promptly on the days respectively the ssme severally becorm due.
2. To pay alI and singular the taxes, sstessmcnts, kvies. IisbiliY~es, oblipaYiaa a~d enaxnb~anas of every n~hxe and kind now on ~aid desaibsd
propaty, or that heresfter msy be imposd, suffered. Placed, kvied, a assessed thereon, or that hv~after may bs levied w~uetsed upa~ thi~ Nbrt~' ~
age, or tiw indebtedness secured hereby, each snd every, when dve u~d payabk, accordirg to I+w, befon they become delinqwm, and befon a~y iMa~at
attathes a u?y penslry is inc~rred; AND INSOFAR AS ANY 1HEREOF IS OF RKORD THE SAJNE SHAIL dE PROMPTLY SATISFIED ANO OISCHARGED OF
RECORO AND TNE ORIGINAI OFFICIAL DOCUMENI (SUCH A5, FOR INSTANCE, 7HE TAX RKEIPT OR THE SATISFACTION PAPER OFFICIALLY ENDORSE~ ~
OR CERTIFIED) SHALL 9E PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFiER PAYMENT; snd i~ the event thst ~ny thereof is no1
peid, sat:sfied and distt~arged ss:d MORTGAGEE m+y at any time pay the same w any part thereof witho~f wsivirg w affectirg any optan, IiM, equiTy or f
.iqht ~nder w by virtve of this mortgsge and the full amo~nt of esch and every such payment shall be immediately due ~nd psyabk and shall bear interest '
~.om the date thcreof until p~id at rate of n~ne per centum per annum and toyether w7th such int~re~ ~1 red by th:s mwptape.
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