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HomeMy WebLinkAbout1114 ~ ~ 25~896 ~ ~ 1NI5 IN~ENTURE, Made th~ ~~th d~y of M8T ~ A.D. 19 7~ _ betwtsn an e uongo an ry ongo, s e of _St . Luc ie CW~ty Fiorid~, hcreinafttr de~ignared as tM °MORTGAGOR," ~nd FIRST FEDERAI SAVINGS AND LOAN ASSOCIA?tON OF FORT PIERCE, • co~paat~on orp~nised ~nd extstinp unda~ tM laws of th~ U~iqd S~~tp of Mieric~ ~nd Mvinp ib prinupal pl~c~ of bu~intss tn /M City of Fwt Pikt~, St. luci~ County. Flaida, hereinsfte~ dtsiynated as the "NWRTGAGEE." WHEREAS IM MORTGAGOR is justly ind~bt~d to the MORi6ACafE in the tum of = • 00~• ~ good and lawful money of the United States advanccd by ths MORTGAGEE unto the MORTGAGOR, as evidenced by ~ ccrtain prom+uay note of eve~ d~te herewith, of which tM followin~ in wordi and figure~ is a trw copy, to-wit: s ~3.000.00 N, 10019912 Fort Pierc~ Florid+. M~3L.. ~n 19~_ Fw value received, 1, we or either of u~, promise to pay, without defalcation, to the orde~ of FIRST FEDERAL SAVINGS ANp IOAN ASSOCIATION OF i FQRI PIERCE a? Fort Pierce, Flwida, the sum of S - nQn ~ O0 with intero~st irom date at the rate of _1_a_J..~ p~* annum, in monthly hutall- ~ mems u followi: f 2 71 • on the O~h day of Ju lv , 19-.L1 snd a like sum on the correip«+d1np d~y of eacl~ month there- afrer umil the whole be fully paid, \ Each installmcnt first shell be applied in payment of ths interest and then on tF?e unpaid balance of the principal sum. If default is msde In ihs ~ paymenl of any installment when due, and such defsult continues 30 days, then at the option of the holder, and without any other notice, all the remaining ;~4 Ir,stallmenis shall be due and payable at once. Privileqe is given to prep~y fhis note in whole or in part +t sny time without penalty. Neithsr fo~ebearance, ~ ~ nor acceptance by the holder thereof affer iny default in any payments hereon, sMlt bs deemed extension. A late payment chirpr of = 1~5shall be : added ro each irtetallment ramsining unp~id 7 daya afte~ its d~e date, snd a like sum shall be addetl to each such insta{ImeM remaining unp~i~ 7 days ~fter ~ ~ each succeeding payment date, ~ Each maker, surety and endwsen c~reof, jointly and severally, waives demand, presentment protest'e~d notice of profest for nonpaymrnt, snd further agrees ro any extensio~ of time of payment, either before w afte~ maturiry, withouf notice to any of us; and to psy all costs of collection, irxlvd~np a ~ reasonable attorney's fre in the event of any default hereunder, snd hereby severally wsives all be~efit of homestead and exemption under the constitvtion ~ and laws of each State of the United States, ss againsf this obligation or any extension or renewal hereof. - ~ Witness the hand and seaf of each pa~ty. ~ te on ~ o (SE/?u > ~ cs~u $ 49•50 s/ Mar Luon o ~ ~ ( ) $tste Revenve ~ ts+smps Zm~eRSe- an-e?~srtar~re) ~ NOW, THEREFORE, the MORTGAGOR for the . ~ OOO. OO ~~M{ tf+e perfwmance of th~ ~ pu pose of uc~ring payment of sa7d sum of i 33 ` covenanta and agreaments hereinafter exp?essed, and fw divers goad ~nd v~ivable coruiderations, by these presents, does grant, bu~ain, sell, remiae, rz,ease, convey and confirm unto the MORTGAGEE, ib s~cceuon and suigns, all thal certain bt, piecs or parcel of land, situate, lying, and beinp in tM Counry of St _ LVC~~ , and S~ate of fb~.~a, described as follows: ~ Lots 14, 15 and 16, Block 253, PORT ST. LIICIE SECTIOid 4, as per ~lat thereof on file in Plat Book 12, Page 1l~, of the Public Records of St. Lucie County, Florida = s ; i i ~ . . . ~ ~ ~ IN PAYMENT OF TAXFS DUf 0I4 CIASS 'C IMTMI616LE PERSO;t4L PR~ERTY, STATE oF Q~ I D A 1 w~su~r m cwwrEa ~l.l~. ACTS OF 1911. ~ DOCUMfNTARY~;:=~~~TAMP TAx. ~ p~ C~rT oo~rrosr, wclE ao, - . ~vT. o~ RE~ ~ - ; t3 = 4 9. 5 0 ~ _ ; b ~,i~~2 ~ ; togNf~er with sti snd :ingular the tenement~, he~editaments snd sppurqnces thereunto belongirg p in ~nywise sppertaining thereto, ~r?d ~II renn, iasws, e proceeds snd proFits acuuing and to scuue from said premises, all of wFiKh ue included in the above and foreyoirg desuiptwn ~nd habendum. f TO HAVE AND TO HOLD the above deuribed and gr~nted premises unto the said MORTGAGEE, its successws and ~uiynt forerrK. Md tlw wW MORTGAGOR for th a i r ~;~s, executon, administrators ~nd sssigns, F~ereby covens~ri with th~ s~id JNORTGAGEE, 1» svaes~s u~d usipea, that - th~~ a~- lawfu!!y seized of the said premises in fee simplr, thst the same +re free, tk+t and discharged from dl liens and encvm~ branzes in Iaw w in equity, and thst they witl and the i.r ahs{i w~rra~t and defend tht titk to ths s~reN to tM ssid MORTGAGEE, its successors and assgro, forever ag+i~st the lawful clsims and demands of sll perswu; PROVIDED, ALWAYS thst if the MORTGAGOR shall pay unto the MORTGAGEE ths promissory note hereinbefwe destribed uwd thsll ttvly, promptly and fuily perform, dlscharge, execute, complete, compfy with e~d abide by each and every 1he stipulsfio~s, igreements, condit'aro snd covenanb of said p.omissory rwte and of this Mortgage, then this Mortgsge snd the Es~ate hereby ueHed shall ceu~ snd be null and wid. ~ IT IS UNDERSTOOQ 1Mt the wwd "Mortgagor" whether in the aingular or plwal snywF~ere in this Mwtgsgt, shall be sirgula if one only u~d shall be plurol jointly snd severally if more thsn o~e, snd ti,at the word "their" as used anywhert i~ ihis MortQage shs!! bs faken to mean "his," "hen," or "its;' wtxrever the context w implies or admits. Al~o, that wherever there is ~ reference in ths covenann ~nd ~gree~nenri herein contai~ed:to any of ~ the parties hereto, the same shsll be conatrued to mean as well ~s the hei?s, legal representatives, sutcessors ~~d aug~s (eitber volunbry by act of tl~s ~a••:.•_ ~±r invniuntary br ooeration of the law) of the same and that tF~e covensnts he~ein contained shall bind ~nd ~he benefin and sdvnrsyes inws 'e"'~ ro the respectiva heirs, leyal represematives, successws and ass~gns of the p~nies Aereto. - .r~~ And said Mortg~gors, fw themulves a~d their hein, legal represeMatives, suctessors ~nd auiyns, hereby jointly a~d severally covena~t ~nd apree v p' fo and with the s~id MORTGAGEE, in successors and assigns: 0. 1 T. To pay alt snd singular the princ;pa! and '+ntcrest and the various snd iundry wms of money psyable by •virtue of ssid promissory note, and this ~ i mwtgsge, each +nd every, prompNy on the days respecfively ths same seversily become due, 2. To ~11 and si ~ pay npular the tsxes, assesunents, levies, {isbilities, obligations and encwnbnntes of every n~ture a~d kied now on said d~svibed ~ ; Property, or that hereafter m~y be impwed, suftered. Pfated, levied, or assessed fherew~, a that hereafter msy ba levied or assessed ~po~ this Morf ~ ew ~ ,c age, w the irwlebtedrsrss secured hcreby, esch and every, when due a~d psyable, xcordiny to law, before they become drlinquent, a~d b~for~ any ima~st o~o arrachea or any penalty is incurred; AND INSOfAR AS ANY THEREOf IS OF RKORO THE SAME SHAtt 8E PROMPiLY SAi15fIFD AND DISCHARGED OF p~ ~ RECORD AMD THE ORIGlNAL OFFICIAI DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR iHE SATI$FACTION PAPER OFfIt1AlLY ENDQRSED OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TFN DAYS NEXT AFTER PAYMENT; ~nd in the event thsf soy fhereof is not paid, saf'sfied and discharged sa:d MORTGAGEE msy at any timQ pay the same o~ any part thcreof without waiving w sffecting any option, lien, equity a ~~pht under or by virtue of this mortgage and the fufl amount of each and every such payment shall be immcdiately due a~d payabk and shall bear inte~est ~rom the dste theseof until paid at rate o1 nine per centum per s~num and toge~Fur with such interest tlutl be secured by the lien of fh:s morpfaye. w.. _ . ~ - _ : _ _ . r ~ E ~ ?