HomeMy WebLinkAbout1567 ~ v • .ra. ~ v
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THIS INDENTURE, AMd~ the 1 S t h dsy of ` -7un e A.O. 19Z'~~ betwe~n
Fi. Paul Stewart anc3 Rt~th D St~wart ~ hi c wi f~
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of St • LuCi @ Coynry Florid~, l+Ktioaft~ dtsignated ai 1M "MORTGAGOR,' ~nd fIRST FEDEQAI SAVINGS AND tOAN ~
ASSpC1AilON OF FORT PIERCE, ~ torpwatia? or9anised ~nd exi~~inp unde~ fh~ lawt of tM U~it~d S1aty of Amtrit~ ~~+d havinp Ms p~incipal pba Of
busin~w i~ tM City of Fut PiKp, SI. luci~ Co~nty, Flwid~. F~einafter dsaiynated a tM 'MORTGAGEE."
`1 WHEREAS 1h~ JWORTGAGOR it jwtty ind~bt~d ro tM MORTCsAGEE in tM wm of i 7~~QQ , pood and I~wf~l tnon~y oi fie U~~~ed
~ Stat~s adva~ced by tF?e MORTGAGEE unto ths MORTGAGOR, avidenced by a certain p?omi~sory not~ of eveo date I+erowith, of wh:ch ~he f~;lowinQ In
wa~ ar~dJ~u.aab a t~w coPy, w-wit: Na Z ZQUOIOZ
~ UU W
'i ' ~ ~ : = ~ ~ v F June 15 ~ 73 ~
. fort k+u, laida. ,f 19
~ For valve received, 1, we or eitl+e~ of promis~ to pay, witFw~r1 defalcation,,to tFw order of FIRST FEDERAL SAYIN AND iOAN ASSG,ZlATION OF
; FORT PIFRCE at Fw1 Diace, Florids, the sum of s 7~ "a~~ • ~Q wi~h interest (rom date at the rate of 7~per annum. in nronthly insbll-
~ ments u fo!lowt: Z 58 • U~ on the lnt+~ay af AL1~L1St ,~q - 73 ~ l;ke sum on the carapond~np day of exh month there-
' after until the whole be futly p~id. -
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~ Each imtailment first shdl be applied in payment of tM interest snd then on'~ths unpaid balsnte o( the princ7pai sum. If defsub is m~de in the
~ payment of any inst~llment when dua, and svch default continues 30 day~„ then at the option of the hoMer, snd without any other rqtice, all the nmaininy
~ ~nstallments shall be due and psyabk at once. Privile~e is given to prepaY ~his noro in whole w in part ~t any tims wit6out p~n~lty. NeithK forebaaranoe,
nw acceptanca by the holder thereof after a~y default in anY paYmenn hereon, sha0 be deemed extension. A iate payme~t charge of S 2• 9O shall bs
~ added to each irntallment remaininQ ~npaid 7 days after ib dw dat~, and • like svm ~hall be added to euh such installment rem~ininy ~t~paid 7 days ~fter
eath sutteeding paYment dste.
Esch maker, surety and endoru~ hereof, jointly and severally, waives demand, p~esentment protest and notice oi p?otest to~ nonpayment, and funher
agrees ro any extension of time of paymeM, ei?her befors or sfter maturity, without notice to any of os; and to pay all msts of collectio~, {nclud~np ~
J reasonable ettorney'~ fee in the event of any default hereunder, ~nd hereby severally waives all beneiit of homestead and exemptio~ unda ihe conatitution
and I~ws of each State of the United States, as sgainst thts obligetan or a~y extensio~ or renewa! hereof,
Wit~ess the Aand and seal of each party.
S/ H. Paul Ste~vart
(5E/?U '
R~t tewart ~
l ~10. S~ 1 State Revenue
x t ~&~t~i)61~F~t~~I
NOW, THEREFORE, the MORTCaAGOR for the purpose of secvring payment of said sum of i 7 ~ OOO _ OO snd tM performance of ths
covenants ~nd agreementi hereinafter expreued, and fw divers good and vstuible ca+~siderstions, by tl~ess preseny, does yranl, ba?ysin, seli, remise,
relrass, conv~y and confi~m y~nto ihe MORTGAGEE, its succcasors and auign; all tF~at cenain {01, piece ot pucel of land, sitvaN, lyiny, u~d beirg in fM
~ St . Lucie and St+t~ of Fb?ida, de.Q~b.a to~~o~:
I.ot 2, Block l, HA1t~iONY HEIGii'TS, as per Plat thereof on file in Plat Book
£i, Pa~e 24, of the PubZic Records of St. Lucie County, Fl~ri~ia.~
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STA o~= Fl,...ORiDA ~
~ DOCI)MENIARY ~•...,N~STAMP TA3 ~ 6~ Q~'yMa1Y~~~'
DEPT. OF REIIEKUE ' • ~ ! ~Q£{~.~5 ~ , ~
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together with alf and singular tF?e tenements, hereditamenb ~nd appurtances tlx~eunto belcxginq or in anywise appertaini?p thereto, and all ren», issues,
proceeds and profits uauing and to scuue from said premises, atl of wFiKh are included in the s6ove and fore9ang descriptio~ and habendvm.
TO HAVE AND TO~j plQ ths above dewibed and gnnted ptemises unto the ssid MORTGAGEE, ib suaessors aed auiyns fortwr. Md tM s~id
MORTGAGOR for -1 r hein, execWOn, ~dministrators and auigns, hereby covenanri with the safd MORTGAGEE, its auottsson ~nd assipm,
~hat the~ arP_ ~awfully se~zed•of the said premises in fee simple; that the same aro free, clear and dischar9ed from ~q ti~ns ~nd encvnr
brances in law w in equity, snd that thev will and th ~ hein shalt warr~nt and deftnd th~ fifle ro the sams fo Nie a!d '
M~RTGAGEF, ib succeuors a»d suigns, forever against the lawful cl~ims and demands of all personsj
PROVIDED, ALWAYS tMt if the MORTGAGOR shsll pay vnto the MORTGAGEE the promiswry note hereinbefore destribed and ahall truty, prompily
ansl fully perform, diicharge, execute, complete, comply wi~h and abide by each and every the stipulatiw?s, ayreements, co~ditiont and coven~nb of said
oromiuwy note and of this Mortgage, then this Mwlgage and the Estate hereby ueated shsll tesss u~d be nuU ~nd void, ~
!T 15 UNDERSTOOD t!?at the wad "Mortgsgw" whether in the singular or plural snyrrF?e~e in tha Mort9s~e, ahall be sirgvlu if on~ only snd t
shall bs plural jointty and ~everally if more tha~ o~e, and that the wo~d "their" as used anywhere in this Nb?tgaye shill be qker? to mesn "his," "hen;
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or "in;' wherever the context w implies a admits. /~Iw, that wherever there ea a reference in ths coven~nn and sgraemenri herein oontai~ed to ~e~r of
the parties hereto, the ssme ~hall be construed to mea~ ~s well as ihe hein, kyd representatives, successors and sui9ro (either volunury by ~ct of tht
parties a involuntary by operation of fhe law) of the same and that the covenants herein contsined shaH bind and the benefits a~d advantapq Iewrt
to the ~espective i~e'us, lepsl representstives, succeuw~ snd su~gns of the panies heroto. •
And said Nbrtgsgors, for themselves and their heirs, legal representstive~, successors ~nd assiyro, hereby jointly snd severally covsn~~t and ayree i
ro and with the said MORTGAGEE, its iucceasors and auigns:
1. To pay sll and sirgubr the prirxipal and interest ~nd the various and sundry sums of ~
mo~er p~Yabls by virtue of said promiuory note, and ?his
mo?tgye, eacl~ ind every, promptly on the days respectively the isme severally become d~re.
2. To psy all and tingul~r the' t~xes, sssessme~n, leviet, lisbilities, obligsYans ~nd encumb?~nces of ~very nature ~nd kind now on said described
property, ar that hcreaha rt?~y be imposed, suffe~ed, plsted. levied, or ~ssessed thereon, a thst hereafte~ may be tevied or ~siessed upon tiQs Morty. ~
ege, or r!N indebtednes~ secv~ed hereby, each ind erery, when due ~nd psyible, accordin~ to Isw, befwe they become delinqueM, and b~fors ury intKest ~
atraci~es w any penalty is incurred; AND INSOfAR AS ANY THEREOF IS Of RKORO THE SAME SMAII BE PRONIPTIY SATISFIED AND DISCHARGED OF p
RECORD AND THE ORIGINAL OffIC1At OOCWY{ENT (SllCH AS, fOR INSTAIVCE, iHE 7AX RECflPT OR TNE SA715FACTlON PAPER OFfIC1ALLY ENOORSfD ~
OR CERTIFIED) SHAII BE PLACED IN TME H/1NDS OF SAID MORiGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in the event tMt any ihereof is not ~
pa~d, sat'sfied and discharged ss:d MORTGAGEE may at any t~me pay the ume w any paA tixreof without waiving w affectirg ~~ry optio~, fien, puity or
•~qht under or by vir?ue of this mongage and the full amount of esch and every such payment shal{ be immediately due and psyabk and shall be~r interest +
~•om the date thereof until paid at rate of nine pcr centum per ~nnum and together w~tF~ such inte s ~~~bY t~e~of th:s mwytay~.
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