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Home My WebLink About0378 fr/vV'=V V THIS INDfNTURE, AAad~ the 23rd ,~y of ~+18ZC21 A.D. 1973._„ between ette R. ~,attetfield and Bthel C. Satterfield: his wife of Lucie Covnty Flaid+, h~reinaf~H da~ignated ~s the "MORTGAGOR;' and FIRST FEDERAL SAVINGS ANO IOAN ASSOCIATION Of FORT PIERCE, ~ cwpor~tion orq~ni:ed and exisriny ~nder th~ law~ of tht United Stat~s of America ~~+d Mvinp in pincipal pl~ce of builr»ss in tM Ciry of Fw1 PiKC~. St. luci~ Cov~ry, Fbrida. hereinaite~ designated u tM "MORTGAGEE." € WHEREAS 1M MORTGAGOR ia 'wtl i~dsbqd to th~ MORTGAGEE in tM sum of = 19 L.~~ ~ ~ 1 Y • . good and lawful ma+~y of the Unrted ~ States sdvanced by tM MORTGAGEE unto the MORTGAGOR, at evidenced by a csruin promiuory note of evan dale hsrew~lh, of which ths followinp in ~ words and fiyufts is a trw cOpy, 10-wil; ~ 19 , 000.00 ~ 10019618 + ~o.~ P~..~.. Fia;d,. March 23, i973 ~ For valve received, 1, we or eitFxr of us, promiu to pay, without defalca~ion, to the order oi FtRST FEUERAL SAViNGS AND IOAN ASSOCIA110N OF FORT PIERCE at Fort Pierce, Ftwida, the tum of ~Qs.-0~•~ with i~terest from date at the rate of 7`5% pa annum, in monthly instalb ~ ~,e~rs as foltowi: i 142 on t?~e lOthday of `July ~ Iq73 and a liks sum o~ ths carespond~ng day of each month tF+ere- after until the whole be fully paid. Each i~stallmenf first shall be app~ied in payment of the interest and then on tM ~npaid bslsnce of the pri~cipal sum. If default is msde in the paymeM of any installment when dus, and svch default ctmtinues 3~ days, then at the option of the holder, and without any other notice, all 1F?e remai~iny ! ~~~staUments shall be du~ and paysble ~t once. Privilegs fa given to prepay this note in whole or in part ~t any Yune without pen~lty. Neither forebearuxe, 1 nor acceptance by 1he holder thereof afta ~ny default in any paymcnts he~eon, shall be deemed extension. A late payment charge of s~~ ahall be i added to each installment remaining vnpaid 7 days afte~ its due date, a~d ~ like sum shall be added to each wch insrallment remainir~g unpaid 7 days after each succeediny paymeot data ~ Each maka, surety and endorur Fxreof, joiMly and seve~ally, w~ives dcmand, presentment protest and notice of p~otest for nonpayment, and further agrees to any axtension of t~me of payment, either be(ore w after maturity, without ~otice to any of us; s~d to pay aN costs of collection, irxlud+"rp a reasonable attwney's fee in rhe event of any default Ixreunder, and hereby severally waives all benefit of homestead and exemption under the ca?atitution and Isws of each State of the United States, as against this obligation o? any extension or renewal hereof. Witness the hand ar?d seal of exh party_ (SEAU ~/Otte R. Satterfield ~i~ (se/?U $28~~ ~/E~Qi C_ Satterfield ~q ( ~ State Reven~e ~Swa+p~iaoatbd. M? Ki~iw~l r+M~- ~ t NOW, THEREfORE, the MORTGAGOR ~or the purpou of securinq payment of said sum of =,~9~~~~ ~nd tM perfwma~ce of th~ covenants and ~greements hereinsfter expresud, and for divers good and velvable considerations, by these presents, does grant, barysin, sel~, rcmise, ~ release, convey and confirm unto the MORTGAGEE, its successors and auiqns, alt that certain lot, piece or para) of land, ~ituats, lying, end being in tha ` County of - St. Lueie , snd Sate of florida, dewibed ai fdlovvs: I~KBWI~OD PARK St)BDIVISION ~ Lots 8 and 9, Block 81, Unit 7/as per plat thereof on file in plat Book ll, page 13, of the Public Records of St. Lucie County, Florida, ~ ~ . ~ gp A~ ~ . p.,,,~~Aa ~•A, 5 - 5 ~ ~ - .~-,,,~pCUMR vtir! - ~ r 9 ~~Pt•~~ ~y~,tiC1~ , ....~'j o ~ i % b IN PAYI~lENf OF ?AX~ ~ ~ P ~o~ ~ ~ p' o~ oN a~ss'~ irrtN+cie~ ~ason~ ~o~n, ; ~ ~o cw?~t~ ~i•i~. ~s of iyr~.~~ ~os~ ro~w?s AER1I Cittqlti 00!ll~i~ Si. WCIE ta0, FV~ ~ - i ~ i ~ together with all and singular the tcnements, hereditamenri and appurtsnces thereunto belonging or in anywise apperuininp thereM, and all rents, iu~es, j ~ proceeds and profits acvui~q snd to sccrue from said premises, atl of which are included in the above and fwegoing description ~nd habendvm. i s # ; TO HAVE AND TO HOl~ the above dewibed and granted premixs unto fhe said MORTGAGEE, in s~xcetsors and assiQns fwever. Md tM uM E MORTGAGOR fw thelr - heFrs, executon, administratws a~d sssigna, hereby covenants with the s+id MORTGACaEE, its successon arw! ~ssipro, ' the are p ~ f~~ ~~i i~ ~ e~ ; rhat lawf~lly seized of the said premises in fee sim te; that the ssme are free, cku ~~d diuFur ~ brances in law w i~ equiry, and that they W~~~ tt161Z ~~n shsll wsrrant and defend the title to the sam~ to tht sa+d MORTGAGEE, its successws and aui9ns, forever against tfie lawful clsims and demands of all persons; ~ PROVIDED, ALWAYS tlut if the MORTGAGOR sh~ll esy uMO the MORTGAGEE the promissory rate herelnbefpe dexribed and shall t?uly, promptly arrd fully perform, d;xha?ge, execute, compkte, comply with and abide by each snd every the stipulstions, sgreemenb, tondiYwns ar?d covensnq of said promiasory nofe and of this Mortgsqe, then this Mortgage and the Estate hereby ae~ted sh~ll cesse and be null aod void. iT IS UNDERSTOOD thet the wwd "Matgsgor" wfiether in tF~e singu(ar w plurat ~nywhere in this Matgsge, that) be sinQular if one only and shall be plvra! jointly and severally if more than one, snd that the wwd "their" as used anywhen io this Mwtgage shall be take~ to mesn "his," "hen;' } or "iri;' whe~eve~ the context w implies or admits. Also, that wherever the~e is • reference in the covenanq snd ayreemenri herei~ co~tained to any of fhe parties hereto, tfro same shall be consfrued ro mdpn n wet! is the heirs, Irgal ~epresentatives, svccesson and auiyns {either volunt~ry by act of the ` panies or invofuntary by operation of the law) of the same arsd that the covenants herein contained sh~ll bind u?d the benefib and ~dv~ntsges inure ro the respective he'ui, legal reprexntatives, successors and su~gm of the parties hereto. f And said Mortgsgws, for themselves and their hein, legsl representativrs, successors and auigns, hereby jointly and severally covenant aod ayree = to snd with the wid MORTGAGEE, its s~+ccessors and ssi~gns: a 1. 7o psy ~II and tingulsr the principal and interest and the various and sundry wms of money payabk by virtue of said promissory note, and this ; mortgsge, each and eve?y, promptty on the days rapect7vely the ssme severalty become due. ' 2. To p~y +11 snd ~ing~br the taxes, assessmenh, levies, lisbilities, obligations and encumbnntes of every nature and kind now on said dewibed y property, or thst hereafter may be impoted, wffered, plxed, levied, a assessed thereon, ot that hereafta may be levied or usessed upon this Mwt¢ age, a the irdebtedness usu~ed hereby, each and every, when d~e snd p~ysble, according to fsw, before they become delinquenr, .nd befor~ aey intere~r artaches w any penatty is incurred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHALL BE PROMPTLY SATISFIED AND DISCHARGE~ OF _ RECORD AND THE ORIGINAI OfFIC1Al DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OffICIAIIY ENOORSEII E OR CERTIFIED) SHALL BE ~LACED IN THE HANOS OF SAIO MORTGAGEE WI7HIN iEM DAYS NfXi AFTFR PAYMENT; and in the event tF?at any thereof is not ; pa;d, sat'sfied and diuharged sa:d MORTGAGEE may at any t~me pay the same a sny pan thc~eof witFw~t waiving w ~ffec!inp sny option, lien, eqvity o? •~pht ~nder or by vi~tue of ihis mortgage and the full amount of each a~d every such payment shali be immediately due and payabk ~nd shall bear interqt 0 ~rom the d~te there~of ~ntil paid at rate of nine per centum per annum and togefher w~?h such interest shsll,ke~~ fhe 1'~er? of th"s moryf~ye. ; (w/7~ ~ r V~l'.^ .r~l'~. : .'t 9 • - ~~~uxx~''''~"s,.c t-~ s i?, _ i a- s 's' r~ "`4 Y ~ ~ ~ ~.n" ,s~-'~, ~ _.',~'~~e ~~~i.. ~xs _ . - - k : a~..~~~..~~:.,~r~s