HomeMy WebLinkAbout0576 2545'7'7
THIS INDENTURE, Mad~ tl~~ l~th d~y of May A.D. 19~.~.-. bNw~en
,iohn K Holt and Marian M. Holt~ his wifp
~
of St _ L_uCie ~punty Fbrid~, hKeinaftsr dstignated as the "MORTGAGOR;' and FiRSI FECERAt $AVINGS ANp LOAN
ASSOCIAiION OF FORT PIERCE, a cwpwation w9anised and exi~tinp unda 1M laws of tM Un~t~d Staqs of America and Mvirp iri p?inclp+l plat~ of
buiineu in tM City of f«t PiKU, St. l~cis Couoty. Flortda, heninaftsr dsi~ynated +s tM "MORTGI~GEE:'
WHEREAS tM MORTGAGOR is jv~tly indebt~d 1o tM MORTGAGEE ~n tM sum of f 22 • • 0O yood a~d ~~wf~l moneY of the United
States advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a cert~~n promissory note of even da~e herewitl~, of whkh tha followinq in
s 22a00~w~a0 ~~rw copr, toM,~r: . ~ 11000067
' • Fort Pierc.. P~o.~d.. Mav 10 , w 7 3
fw value received, 1, we w either of us, promise to pty, without defalca!ion, to the orde~ of fIRST FEDERAI SAVINGS AND tOAN ASSOCIATION OF
FORT PIERCE at fort• Pierce, Fbrids, ihe sum of S2y2~~•~~ with interest i~om date at the rafe of 8 96 pe~ annum, in mon~hly ins1s11- ~
ments as follows: s 185• on the l~t'tJay of `july 1973 and a like sum on the cwrespond~ng dsy of eash month there- i
after until the whole be fully paid. !
Each installrrKnt first shall be applied i~ payment of the interest and then on the unpaid balante of the principal sum. If default is made in the ;
payrrKnt of any installmeot.when dve, and such default continues 30 days, then at the option of ti+e holder, and without sny other notice, all the remaininy ~
~nstatlments shall be due and payable at once. Privilege is given to prepay this note in whole or in p~rt at any time without penalty. Neither forebearsnte, 4
nor acceptance by the holder thereof after any default in any payments hc~eo~, shall be deemed extension. A late payment charge of ~ 9• 25 shall be
added to each installment remaining ~npaid 7 days after iri due date, snd a like sum shall be added to each such installment rempining unpaid 7 days after
each s~tceeding paymeM date.
Each maker, surety and endorser hereof, jointly and severally, waives dema~d, presentment protest and ootite of protest fw nonpayment, snd further
agrees to any extensio~ of time of payment, either before w after maturity, without notice to any of us; and to pay all costs of mllectron, including ~
reasonab~e attorney i fee in the event of any defauit hereunder, and hereby seve?ally waives all benefit of es and exemption ~nder the constifulan ~
and laws of each State of the United Ststes, as against this obl~gstion o? any extension or renewal hereof. ~ ~
Wit the 1 of e rty.
S n K cseAU ~
% ~ - ~ cs~?u ~
c~-~ C~,-~ L;~ t,/ g i an M. 1 t ~s~,u ~
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cs~w }
~ $33 . ~O t State Revenue _
tiC?;
NOW, THEREfORE, the MORTGAGOR fw the purpose of secoring psyment of said sum of i 22 ~ ard the performance of the
covena~ts and agreements hereinafter expreued, and fw divers good and valuable tonsideraYa~s, by these presents, does grant, bargain, sell, remise, :
release, convey and confirm u~to the MORTGAGEE, iri succeuors and aug~s, all that urtain bf, piece or pucel of Isnd, tifuate, lying, a~d being in the i
Couny of $t • I'uCie _ and State of Florida, described as follows: i
{
i
That part of the South 60 feet of the North 937.53 feet of Government Lot ~
4 lying East of Right of Way of REC Railroad with riparian rights. All
lying in Section 26, Township 35 South, Range 40 East. ~
SAID PROPfiRTY FURTHER DE9CRI13ED AS: -
That part of the South 60 feet of the North 937. S3 feet of the South half
of Section 26, Township 35 South, Range 40 East, lying east of the east
right of way line of Florida East Coast Railway.
I _ .
~ ~ .
I n aA J ~F O R 1 ~ A 1
~ y-~~ OOCUMfNTA1tY ~ S
~q
M
P t A X~ RE~ENED
s
~r, N DEPt. Oi RE1?ENIl~ . ~ p~ ~ IN PA~~ ~ T~ ~
~ li+iYti'~~ ` ~ Pl1RSUAMi TO CHMFE~~j_,~34P~NAl PROPE(ti~
r.~. - ~ 3 3. 0 0 ~ Koc~r roR~u.~cTS of ~y~~. ~.>r~ ~
o ; u~ot OG ~ ~
, CtERK CIRCUR O q l q r~ Si. LUCIE Op., ~ ~
together with all and singulsr the tenements, hereditaments snd appurtances thereunto belaging or in a~rwise appeN+Ining tF~ereto, ~nd aU rents, iuues,
proceeds and profiri xuuing and to accrue from said premixs, all of which ere included in the above and foregoing descriptan and Mber~dum.
TO HAVE AND TO rOID the sbove desvibed and g?snted premises unto the said MORTGAGEE, ib successws and ~ssigra for~v~r• Md t!» s+id
MORTG fa t he i r executors, administrarors and assigns, hereby covensnb wilh the said MORTGAGEE, Ns suaeswrs and as~ipro,
~~~y are
~hat Iawfully seized of the said premises in fee simple; that the ssme ue frae, clrar ~nd discharged from all liens and s~xwo-
brances in law w in equity, and that they will and their ~~~y W~rranf and defend the titk to the same to the s~id _
MORTGAGEE, its successors snd auigns, fwever against the lawful claims and demsnds of all pena?s;
~ PROVIDED, ALWAYS that if the MORTGAGOR shall p~y unro the MORTGAGEE the promiswry rale hereinbefore described u~d shsll fruly, promptly
and fully perform, discharge, execute, complete, comply with snd abide by each snd every the stipulatiau, sgreemenis, condiYans and tovenanri of said
~ promiswry note snd of this Mwtgsye, then this Nbrtgsge and the Estste hereby ueated shall cesse and be null and wid.
IT IS UNDERSTOOD that tMe word "Nlort whether in the si ular or lural an here in this Mort npular if one onl and
9s9a~~ ^9 P Yw 9+9~, sMll be si y ~
~ shall be plural jointly ~nd teverally if more than one, ar+d that the word "tF~eir" as vsed snywhere in this Morfgage shall be taken to me~n "his," "hen;' `
or "its;' wherever the conteat so implies w admits. Also, that wherever there is s reference in the covensnts and agreemenn herein oontaincd to ~ny of ; ~
~ the parlies hereto, the ssme shall be c~+nstrued to mean ss well as the hein, legal representstives, successors snd suigiu (either wluntary by ~cf of the ~ i
partiq ot involuntary by operatio~ of tFx Isw) of the same and that the covenants herein contained shsll bind and the benefib snd advanfspes imrn ~
to the respective heirs, kgal representatives, wccesson and ass°gns of +he psrties hereto.
And said Atiortgsgors, fw themxlves and fheir heirs, Iegal represeMatives, succeuors snd auigns, hereby joiMly and sever~lly cove~ant and apree
ro and with the said NIORTGAGEE, its successon and assigns: '
1. To pay all end singvlar t!?e principal and interest and the varian a~d sundry sums of ma~ey payabie by virtue of said promiuwy note, snd tha
mortgage, each and every, promptly on the d~ys reipectively the same severally become due.
2. To p ~ y all and sirgular the ~a:es, assessments, levies, lisbil~tia, obligstiaa snd encvmbrances of every nature ~nd kind now on said desvibed
property, w tMt hereaher msy be imposed, iuffered, placed, levied, or assessed thereon, w thst hereafte~ nuy be levied or u s e
s s e d upon f h i s A I{ o r t
q- nc~ ~
age, w the irdebtedness secured Fxreby, esch s~d every, when due ~nd psyabfe, accwdinp to law, befor~ they becomt delinquem, and beicrs sny interat ~m '
attaclxs a any penalty is inturred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAIL BE PROMPTIY SATISF~ED AND DISCHARGED OF
RECORD AND THE ORIGINAI OffIC1Al DOCUMENT (SUCH A5, FOR INSIANCE, THE TAX RECE~PT OR THE SATISFACTION PAPER OFFICIALLY ENDORSED
qR CERTIFIED) SHAII BE PLACED IN iHE HANDS Of SA~D MORiGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event fhst ~ny thereof is nW ,
paid, sat:sfisd ~nd distharged sa:d MORTGAGEE may st any time psy the same u any pan thereof with~ut waivinp a affetti~g a~y optia+, lien, equity a
~~qht under o~ by virtue of this mortgage and the full amo~nt of each snd every ~vch paymem shall be immediarely dve and payabk snd shall besr interat
~•om the date thereof until psid st rate of ~ii::e per centum per •nn~m and together w~~h iuch interest ahall be secured by the lier+ of th"s morgta4e.
Y~ , `,s~~.~~ ~N~,.e
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