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HomeMy WebLinkAbout0481 } THIS INDENTURE, N4d~ th~~ day of ~ , A.D. 19 ?3~ bNvnea~ Deaetrios J. Jonea and Loia R. Jonea, hi,e xitb of ~t.. Lncie ~~~~y Ftaida. M.iu++i~N d~signared ~s ~M "MORTGAGOR:' ~nd FIR~C fEDERAI SIWINCsS AND ~ tOAN ASSOCIA710N OF fORT PIERCE, • oaporation oryu?iz~d and existirg unda tM law~ of th~ Unit~d StH~s of Amsriu ~nd havinp Ns principal pl+u of buiiMSS k? tM City of Fwt PiKa, St. luci~ County. Florida. I~einafur daipnat~d u tl+~ °MORTGAGEE." _ ; WHEREAS 1M MORTGAGOR is jwrly ind~br~d ro tM MORTGAGEE in 1M sum of i 20•~~•~ 9ood •od I~wful monsy of the Uoited i States advanced by the MORTGAGEE unto the MORTGAGOR, as ~videnced by a uruin promisswy ~ot~ of eve~ date Mrewith, of which the fdlowinp in wwdi and fyures is • trve copy, to-wit: ~ 1~98~ _ ?0_~~.~ ' Wrt PiKa. Fiorida, ~~s 19 73 For value received, 1, we or either of us, promise to pay, without defalcaran, to ths wder of FIRST FEOERAL SApVINGS AND iOAN ASSOCIATION OP FORT PIERCE at Fort Pierce, Fbrida, the sum of = 20f~~~~ with interest from date ~f the r~te of v~~% px u?num. in ry+oMhly install- ments ss follows: S 168•~ on N+e 1~'h d+y of J~9 , 19~ and a like sum o~ the careipond~ny dsy of eacfi month therr after until the whole be fully paid. Each ins?allment first shall bs applied in payment of ths interest snd thcn on the unpaid balance of the prindp+l wm. If default is made in ths payment of any installmeM when d~e, and such default continues 30 days, then ~t the option of the holdtr, and without ~ny otF~ ~otite, all the remaining installme~b shall be due and paYable at once. Privilege is given to prepaY this rate in whol~ or In p~rt at ~ny fime without penalty. ~1hRrOfaebearante. nor scceptsnce by the holder tlxreof after any default in any paymenti hereo~, shall be deemed extension. A late payment charye of i•4 shsll bs ' edded to each installment remaining unpaid 7 days afta iri dus date, and a like wm shall be added ~o e~ch wcl+ installment remaininy unpaid 7 days after each succeeding payment date. Each maker, surety and endorser Iroreof, jointly and sevently, waives demsnd, p~ese~tmeM protest and notice of protest fw nonpayment, and furthe? agrees fo any extenian of time of payment, eitF~er before w afta maturity, without notice to any of us; and to pay all tosts of mllectan, includirg a reasonable attorney i fee in the evcnt of any default hereunder, snd Ixreby severally wsives all benefif of homestead and exemption under the tonstitutwo and lawt of each State of the United States, ss sgainst this obligation or ~ny extension w renewal hereof. Witness the hand snd seal of each party. S/ Demetrio~ J. Jones ~U cs~?u ~ Lois R. Jones ~u 'n cs~?u ( ~.7`~ ~ ~ ) State Revenua (~?S1lI~ ~M~11lQ' bR ~f f ~M~ f l~tl~ NOW, THEREFORE, the MORTGAGOR for the purpou of secvring payma+t of aid sum of ~ 20l~~~~ .+nd ths pcrformance of tM covensnts and agreements here'u~afte? expreued, and fw divers 9ood and v~lwble considerations, by these presents, does grant, barpain, selt, remise, release, tonvey end confirm unto the MORTGAGEE, its sutceuors and +uigns, all that tertain bt, piece or putel of Isnd, situste, lyin~, and beiig in the County of a~d Sqte of Flwida, dewibed u follows: Lots 7 and 8 and the Trbst 5 feet of vacated alley ad~acent on the Eaat, Block 4, LINCOIN PAffiC N0. 1, as per pl~t thereof an file in P1aL Book 2s page 5s Public I~ecords of St. Incie Connty, Florida, ; ~ . • . . R1~A ~ _ ~ A ~ bF.~~QA~P ~A - ~ t ~ ~ 1 ~pCdM NjAa = . ~ Q ('~-1 a nz o flEPj-~ i ~ IN PAYIIEI~ Of 711~ c-' . ~ ~ u~~ ?~'s R~ ~~a"?~ ~ao~r. _ ~ R~, , p~ pN CL11SS'C INTANG~ ~S OF 19f~~1 ~ ~ ; a~et - P~~(i ~ ~ER rORRA.t ~ ' w ~ ' q~( CIRCUIT ~T~ s1. ltlC~E CO•. ~ : rogether with all and singul~r the tenemenn, hereditsments and sppurtances thereunto belongirg w in anywise ~ppertaininy thereto. ~nd atl r~nb, issuei, prxeeds snd profits acauing and to acuue from said p~emiset, sll of wFiKh ue inclvded in the abov~ and fore9oirg deuription ~nd habendum. TO HAVE AN~ TO HOID the above dswibed snd grsnted premises unto the said MORTGACaEE, ib wa.esso~s +~d +ssiy~s forev~r. Md tl+~ saW MORTGAGOR for ~eir he;n, executon, adminwtrators and assigns, hereby covenann with the s~id AhORTGAGEE, ib wousson and assip% rhat t~~ Iawfvlly seized of tF?e ssid prem~ses in fee sim~e: that the s+me are free, clear and d'acFar9ed fran ~II lieru ud a+evrrr b~ances in law w in eq~ity, and that will s~d t'~e hein ihall w~rrant ~nd defend tM tiel~ to the s+me fo ths said MORTGAGEE, in successors snd sasigns, forever sgsirut ?he I~wful claims and demands of all perwns; PROVIDED, ALWAYS that if the MORTGAGOR shsll pay unto the MORTGACaEE the promiswry note hereinbefo?e destribed and sMll truly, promptly ~ and fully perform, d~scharge, execute, compkte, comply with snd abide by each and every the stipvlations, ayreemsn», conditaro and coven+n» of said ~ promissory rate and of this Mortgage, t}~en this Mortgage and the Estste hereby aested ~hall cease and be null and void. ~ IT IS UNDERSTOOD thst the word "Mwtgsgor" whether io the singular or plw~l aoywhere in this Mwtysye, shall be sGgvlar if ons onty and shsll be plural jointly a~d teverally if mwe tFun one, and that the ~rwd "their' as used anywhero in this Mort9age shall be tsken to mean "ha; "'hen," or "in;' wherever the context w impl'~es a admits. Also, tMt wherever there a a nfNenc~ in the covenants and spreemenn herein c«?tainad to ~mr of ~ ~ the pa.ties hereto, the same shsll be wrotrued to me~n as well as the hein, leyal representativa, suuasioa and aui~in (either voluntary by act of th~ parteq or involunury by operaYan of the law) of tlro ssme and that the covenann Fror~in contained shsll bind and tM b~nefiri and ~dv~ntspes imx~ fo the respedive hein, kg+l representatives, svccesson and su?gr?s of the parties hereto. ~ /~u~d ssid Mwtgagon, fa themselves and their hein, legsl representatives, successon a~d auipns. F~ereby joiMly and ~everally toven~M ~nd aprte } to and with the ~aid MORTGAGEE, its suaessws and auigns: " ~ 1. To pay all and singular the principsl snd inte~est and the various ~nd s~ndry sums of moasy paYable by virtue of s+id promissory not~, and thu mong~qe, each +nd every, p?oroptly on fhe d~ys respectively the same sev~rally becane due. 2. To pay all and iu~gulu tfx tsxes, suesunents, levies, lisbilitie~, obligstian snd encumbrances of every nature and kind now -on s+id descr~d wffered Ixed, kvied, or sssessed thereon, or that hereafter may be levied or assesKd :.aon this Mwt~- ~ R~~~~Y, w that here+her may be imposed. . P age, a the indebtedness sccured hereby, e+ch and every, wF~en due snd psyable, aaordirg ro law, befat they becan. delinquent, and befon srhr interpt attaches w any penalty is incurred; AND INSOFAR AS ANY iHEREOf IS OF RKORD THE SAME SHAII BE PROMPTIY SATISFIE~ AND DISCMARGED OF RECORD AND 7HE ORIGINAL OFfICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PMER OFfIC1AllY ENDORSED OR CERTIf1ED) SHALL BE PLACED IN iHE HANDS Of SAID MOR?GAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the evem that any tiroreof is nw - paid, ssi'sfied ~nd diulurged sa:d MORTGAGEE may at any time psy the same w any pstt the~eof without waivirg ot sffedinp ~ny option, lien, eqoity a ~~qht under w by vin~e of this mor~gsge and the full smoum of exn and every i~th p~yment shall be immediately due +nd payable and shall besr infetest ; kom the date thereof ~n1i1 paid st rate of nine per centum per annvm ar~ (pye~~h such int~isF1i11 be secwed by the lien of th:~ motyt~Qe. ~ B~oK r~ PAGE J~~ ~ ~ ;A~, - _ t„~~ _ .~-z~~' ~ ~ ' ~ ~ ~