HomeMy WebLinkAbout0374 25~0~28 .
THIS INOENiURE, Mad~ the 7 th day of '1u~e A.D. 19 73 between
Desaond Paul Ke11Y and Jenuie T, Kellv~ his wife
of St •~.liC~.@ Counfy Flwida, heninafier d~signated si ihe "MORTGAGOR;' and FIRST FEDERAL SAVINGS AND IOAN
ASSOCIATION OF FOR? PIERCE. ~ corpaatio~ orp~oised and exiitiny under tM I~ws o( fM tlnit~d Starn of America +nd Mvlny in principal plac~ of
b:~ii~eu M tM City of Fort Pi~res, St. luc» Counry, Flwid~, hersinahK dei~pnated ~s ~M "MORTGAGEE." i
WHEREAS tM MORTGAGOR is jv~tl'y i~debad to tM MORTGACsEE in ths sum of s 19~ 5~~~ good and lawful money of the Un~ted ~
S~ates advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a cena~n promissay note oi even dale herawith, of wh;ch ths followiry in ~
wards and figures is a trw copy, to-wit: «
~ 19,500.00 ~ 10o199~a ;
' Pwt Vieres. ila~da. June 7L _1973
for valus received, I, we a e~ther of ~s, promise to pay, without defalcation, to the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCfATtOK OF j
FORT PIERCE al Forf Pierce, florids, the sum o+ s 19 ~ 5~'~ wi~h enterest {rom date at the rate of 8'~ per enrwm, in rovnthly :nstt~!- ;
ments ~s toltows: _~64•~ on the l~tbday of `~uly , 197~ snd a like s~m on the cwresponding day of each month t~tra- ~
after until the whote be fully paid.
Each instsllment first shall be applied in payment of the interest and then on tMe unpaid balance of the princ~pal sum. If dn4ault is rnads k: the
payment of any installment when due, and such defavit continue: 30 days, the~ st the option of the holdcr, and without an; other ratice, al) the renwin~ig
~nstaltments shatl be due and payable a1 once. Privilege is given to prepay this note in whole a i~ part st any time withouf pena~ty. Neither fwe~nart~ce,
nw aaeptance by the holder thereof after sny default in any payments hereo~, shsll be deemed extension. A late paymeM cMr,~~ of S 8'~ . sAall be
added to each instaftment remainirg unpa~d 7 days after ib due date, snd s like ium shall be added to each such instailmmt remainasg ~npaid 7 days after
each ~ucceeding payme~t dare. . #
Eech maker, sv~e?y and endorser hereof, jointly and sevcrally, waives demand, presentment protest a~ notice of proteat for nonpayment, ~nd furtFxr
agrees to any extensio~ of time of payme~t, eithcr before a after maturity, without notice to any of us; and to pay sIl costs of cotlectio~, irxtudir~ a
reaso~abk attwney's fee in the event of any defautt ha~eundet, and hereby seve+ally waives all benefit of homeitead and exemption under tfie co~stitution
ar,d Iews of each State of tF?e United States, as against this obligation a a~y extensio~ a renewal hereof.
Witness the hand and seal of each party.
. . cs~au
- s/ Desaond Paul Kelly ~i~
s/ Jennie Kelly ~
( ~2~'25 ) State Revenue
(L~op~ cmc~4ed.ow aiginiL~}
NOW, THEREFORE, the MORTGAGOR for the ng payment of uid suin of s 19 5~~~~
purpose of securi ~ snd the perfwmance of ths
covenants and agreemenrs he~einafter expressed, and fw diveri good ~nd valuable consideratioru, by these presents, does grant, barqsin, sell, remise,
release, t~nvey ~nd conti~m unto tFt~ MORTGAGEE, iri sutcesswa and auiyns, all th~ ceruin lot, piete or partel of (a~d, situate, lying, e~d being in the
Cwnty of St. Lucie uid State of flwida, d~svibed ~s follows: -
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Lot 9, Block 16~, Unit 12A LAI~WOOD PARK, as per plat thexeof on file
in P3at Book 11, page 35 of the public re+cords of St. Lu~ie County,
Florida
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; ~f 02 RECENEO fN PAYMEi~(T OF TAXES
~ i~ ~~t~ DI~ ON CUISS'C' INTANGIBIE PERSONAL FRO.oERIy,
; o~ P11 R 5 1 1 M
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T TO CHIIPTER 71-134. ACTS OF 197L i
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~ together with ~II and singular the tenemcnts, hereditaments snd appurtsnces thereunto belonging or in anywite apperuining thereto, and ~II renn, iuws, ~
i proceeds and profits accruing and to accrue from said premises, all of which are inct~ded in the above and forsyoiny description and habendwn. i
TO HAVE AND TO FiOID the above dexribed and gnnted premisea unro the ssid MORTCaAGEE, it~ svccessors snd assiyin fwever. And tF~e said (
t MORTGA for their ~;~s, executon, administrators and ~ssigns, hereby toven~nts with tha said MOR?GAGEE, its wccessors and assig% i
~ ~hat ~~Qy are lawfull se~zed of the said §
' y premises in fea simple; that the ssme sre fres, ckar and d'~scharged from all liens and enc~m-
; 6rances in law or in equity,'u+d tbat th~ _ w~~~ a~ hpir heirs shatl w~rrant ~nd defend 1M title to the same to th~ said ;
MORTGAGEE, its successors and assigns, lorever against the lawful claims and dem~nds of afl persan;
i PROVIDED, AlWAYS tFwt if fhe MORTGAGOR shall pay unto the MORTGAGEE tfx pranissory rate hereinbefore described and sha!! truly, promptly
and fully periorm, d~scharge, execvte, coanplete, comply witb and abide by each and every ti~e stipulations, sgreements, condit'~aa u+d tovenanb of s+id
promqsory note and of this Mortgage, then this Mortgsge ~nd the Estate hereby ueated thsll cease and be null ~nd void.
IT IS UNDERSTOOD th~t the word "Morlgagw" whether in the singular p plural anywtrore in this Mortgsge, sMll be sinyular if ane only and
' :hall 6e plurat joinHy and severally if- more than one, ar~d tiwt the wwd "their" is used +nywhere i~ this Mortgage shall be taken to mesn "his," "hen;' :
I or "itt;' whe~ever the context so implies w admits. Alw, that wherever there ii ~ reference in the covenanri and agreemenri herein contained to any of £
the putiq hereto, the same shall be construed to mesn as well as the heirs, tegal representatives, syccesson and suigns (either volunt~ry by act of tFw ±
partiet w involuntsry by operation of the Isw) of the s~me and that the covena~ts F~erein cont~ined shall bind •nd ~he benefin and sdvanb~p irwn ~
to the respective lxiss, !r! :er:.e~-atatives, suctessors ass~gns of the oarties hereto.
_ Md said Matgsgws, fw themxlves and their hein, legal representatives, succeuon and assiyru, hereby joinHy and seve?aJty covenanf and ayree :
ro snd with the wid IIAORiGAGEE, ets successors and assgns: ;
~ 1. 7o psy all and singular the ptincip~l and interest and tF~e variovs and surtdry sums of moner payable by virtve of said promissory note, ~nd ehu i
: mortga9e, each ~nd every, prompNy oe~ fhe days respectively the same severally become due. ~
2. To pay ~II and tinyvla~ the tsxes, assessmenb, levies, li~bilities, obtigations and encumbnnces of every nature a++d kind raw on said dpuibed ;
propaty, or that I~ereafter msy be ;mpo~ed, suffered, ptaced, levied, a sss~ssed tF?ereon, w tlut hereafter may be lavied w assessed upo~ this Mort¢
~ age, o? the indebtedneu secured hereby, esch ~nd every, when due snd psyable, atcwdirg ro law, bafore they become delinq~ent, and before u?y intera/
f attaches or any Fenatry is ir.currcd; ANO INSOFAR AS AMY THEREOf IS OF RKORD THE SAME SHAII EE PROMPTLY SA715fIE0 AND Dt5CF1ARGED OF
RECORD AND THE ORIGINAI OFFICIAI DOCUMENT (SUtH AS, FOR INSTANCE, THE TAX RECEIPT OR iNE SATISFACTION PAPER OFFICIAItY ENDORSEO
5 OR CERTIf1ED) SHAII BE PtACED IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXi AFTER PAYIIAENT; and in the event thaf any thereof ia not i
} pa~d, sat'sfied and dixha~ged sa:d MORTGAGEE may ~t any t~me pay the same or any pan thereof witFwut w~iving or affecti~g sny option, lien, equiry or
i ~~qht under w by virtue of this morrgage and the fvll amount of eath and every such payment shall be immediately dve and paysble s~d thall bear intere~t
: j•om the date tFereof until paid at ute of nine per centum per annum and togetlur w~th such interest by the 'r~ • morgtage.
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