HomeMy WebLinkAbout1846 25'73'~8 ;
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THIS INDENTURE, l~bd~ th~ 1 S d+y of ~e~ . A.D. 19~~ bttwkn t
Michael T. Foster aAd Frances P. Roster. his aife ;
o~ St. L~3C~6 ~ ~~,ry fla;da; MninaftK d~si~n+t~d u tM "MORTGAGOR." ~e~d FIRST FE~ERAI SAVINGS AND LOAN ;
ASSOCIATION OF fORT PIEIKE. • cwpaation orp~~iud u+d existir~p w~d~r tM I~ws of fM Unit~d St~ta of Am~riu uid havinp iri pri~vcipal ptau of
buiin~ss in th~ City of fort Piwu. St. tuci~ Covery. Fiorid~, heninah~r d~aipn~tad ai ~M "MORiGAGEE:'
WHEREAS tM MORIGAGOR b jvsMy ied~bt~d w tir MOATGAGEE in ~ swn of i 24 ~ 400 • O~ . pocd +nd ~+wful ma~y of the Unit~d
Stat~s adva~c~d by tM MORTGAGEE unto th~ MORTGAGOR, as ~videnced by a prtain promiu~y not~ of even date Mnwith, of wF?ich tM foitowinp in
wwds ~nd fi9u~~s is ~ trw copY. to-wit:
~ ~,~40Q.00 N,1~Q2002d _
fort Pk?u. Fbrfda, •~D@ 15~ ~19~
For valw received, 1, we w eithe~ of ~s, promiss to pay, without defalcstion, to the order of FIRST FEDFRAL SAVIPK'sS AND LOAN ASSOCIATION Of
~ORT PIERCE at Fort Pierce, Flwida, the sum of ~ 24 ~ 4~ wifh intereit from date at the rate of _Z.i~~ psr annum, in monthly Instai`.- ~
ments u follows: f 185~~ on the Z~b day of S@pt~lber 19 73 and a lik~ svm on the correspor?d~ng day o~ sach mont~t tMr~-
after until tP+e whol~ be fully paid• ~
E~ch insullrnenl fint sAatl bs ~p~lied in payme~t of ti~s interest and then on tM unpaid balance oi ths prux~psl sum. If defu?It is rr.~d~ 4+ tM
payment of ~~y installment when due, and such defauh continues 3p days, then at tM option of the holde~, and without any other notice, al! ths rem~ininp
~nstallments shall be dus and payabb at once. Privileye is given ro prepaY this note in whole or in pirt at any tims without pen~hy. Neithar for~bearspc~.
nw accephace by tl+e holder thcreof after any default in any payme~tt hereo++, sh+l) bs deemed extension. A late payment char9e ei i.~a~r shall Ly
added to each installment remaini~y unpaid 7 days afta its due date, and s like wm ahall be adde.~ to each such inslallment remsini~ uppsid 7 daya ~fter
each aucc~eding p~yment dat6. ' '
E~ch maker, wmty and endasc? hereof, jointly snd severalty, waives dcma~d, p?esentment p~otest and rntice of potest fw nonpayment, and furthsr
ag.eea to ~ny extension of time of payme~t, either before or after maturity, without notice to any of us; and to pay all costs of rnllectioo, includinp a
reasorwbk attwney i fee in ths event of sny defauh hereunde4 and hereby sevcrally w~ivea atl be~efit of homestesd and exemption under tM torutitufan
and taws of each Srate of ths United Srates, as against this obtigstion w any extension w renewal hereof,
Witness the hsnd and seal of exh party. ~
(SEAI~
s/ MiChael Fbster ~
- (5ew~)
$36 60 s/ Frances P: Foster ~
( • ) Sqt~ Revenw
(Staw+p- wnal4i «r ~ri~i~al ~ta .
NOW, TNEREFORE, tl,e MORTGAGOR for ths purpose of ~ecurinp payment of ~aid wm of S 24~~~•~ - and the pe~form~nce of tM
covenann and ap~eemenfs hereir?after expressed, and for dveas good and valusblt consideutions, by thes~ presenb, does yram, bar9~in, sell, remise, -
relesse, conwy ~nd confi?m unto 1M MORTGAGEE, ib wccessors and ~uigns, ~tl that certain bt, p'ieu or pual of land, situate, lyin~, and beiny in tFa ~
=a,~M $L. Lucie and Sat~ of florida, dewibsd follows: j
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Lot 36, Block 195, PORT ST. LUCIB SECTION 4, as per plat thereof on file in . ~
throngh 14G ~
Plat Book 12 , page 14 A/ ~ public records ef St. Lucie County, Rlorida~ _
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€ t ether w~th ~tl snd si ubr tAe tenemerr», hereditamenb ~nd a ances there~mto be ~ w in an
fi og ng pp~rt lag'rg ywise appertaininy thereto, and all renb, iswa.
i P~a~ds snd profiti acuuing ~nd eo ~cm+e from uid premiies, all of which ue included in ths ~bov~ ~nd forepobg dssuiptae and hsbendum.
; TO HAVE AND TO HOID the above described and yru+ted premises unro the s~id MORTGrAGEE, its si+oceswrs aod ~ssipns forevu. Md th~ said
~ MORTGAGOR fo~ ~e1r heirs, executors, administraton ~nd suigiu, hereby toven~nb with Nw pid MORTGAGEE, Hs suctesson ind ~uiynb
'F rhat thBV 8Z'Q lawfull seized of tF~e said p ped fran dl liem and ~ncu~
~ y premises in fee sim lej tA~t 9x ~ams aro frse, clear and dischu
~ brances im Iaw or in equity, and tM+ tb~ will and theiz I~ein sh~ll wursnt aod detend tM title to tM ssme to th~ wld
= MORTGAGEE, itt succeuors snd suigns, fwever ag~irat the lawful claims s~d ds+m+nib of ~II perwns;
~ PROVIDED, ALWAYS that if the NIORTGAGOR shall p~y vnto the MORTGAGEE the p~omissory note hereinbefon destribed ~e?d sh~ll trvly, promptly
and fully perform, disd~arge, execute, compkte, compty with snd abide by each anc! every the stipul~tiora, agreemer?b, conditions and coven~nb of said
promisswy note ~rd of this Mortga9ee, then tF~is Nbrtgage s~d the Estata hcreby aeated ~hatl cesse and be ewll and void.
~ IT IS UNDERSTOOD tMt the word "Mortgsgor' whethe~ i~ the singular ot plwat mywhere in tF~is Mortys~e, shall b~ sirgulu if ont only ~nd
- shall bs plunl joimly ~nd severally if more than one. ~nd that the word "~heir' u vsed anywhen in tl~is Mortyapt shall b~ taken to mean "his:• •'hers•• ~
or "its;' wl~ereva? the conteat so 7mplies o. admin. Also, that wherever there is a rtfaenc~ in ~M coven.on and .preern~nn h.rsin com.ined ro any of
_ nsniea hereto. the aarrN sMll be c«ntrued to mesn u well as the hein, Ipal rlpresent~tives, auccessws ~nd aui~iu (eithe~ volunary by act of tM ~
_ pa~ties w involuntuy by ope.atiw~ of the law) of the same and ti~af rne covenanrs nere~~ w~~s:+.-~: y.°:~ o^~ t!~ ~!:!e ,,,I.,.~~.ow, i.rx~ ~
~ to the reipective heirs, kyal repreicntstives, succe~sws and ass?yrn of the puties hereto.
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Md tsid Nlwtgagors, for themselves snd their heirs, kgsl re{xesentativa. wccestws and ~uiyrq, hcrcby jointly snd saveratly cove~ant and aprK !
to and with the said MORTGAGEE, in successors and +ssigru: ~
~ 1. To pay dt u~d sugutu the principal and i~tsrest and the vs~;ovs and wndry sums of money paYabl~ by vi.tve of said promiuory not~, and this ~
morl9aye. each ud every, promptly on the dayt respectively the same severslly becortN due.
~ 2. To p~y all snd sugulu the t~xes. ~ssessments, levies, liabilifies, obliyatwro and encumbances of wery Mtwe a~d kind naw on said descr~ed ~
~ property, a that he~eaNer may be imposed, suffaed, placed. levied. or ~s~es~sd theraa~, w ti~at hereifter may b~ leviad o? psess~d upon tFds Morq-
~ a9e, w tF~e indebtedneu secvred I~ereby, each and ~very, when dw and psyable, accordinp to law, befa~ they become delinquent. ~nd b~fw~ any M~ttrat oco :
; atTathlf W ~Iry plMlfy is inturred; AND INSOfAR AS ANY THEREOf IS OF RECORD THE SNYIE SHAtI BE PROMPTLY 5/1TISfIED AND DISCHARGfD Of pm
= RfCORD A(VD THE ORIGlMA1 OFFIClAL DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSED
~ OR CERIIFIED) SHAII BE PlA~EO IN THE HANOS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AfiER PAYMENT; ~d in the event thst any tl~ereoi is not
paid, sat'ified snd distharged sa:d MORTGAGEE may at any time par the same or any pan thereof witFaut waivin~ u affettirg sny optiw~. lien, equity or
' •~~ht under p by virtue of this mortgage and the full amount of each and every tuth payment sh~ll be immediately due and payable and sMl) besr interest
~ ~•om the d~te thereof uMil paid at rote of nine per tent~m per ~nnum and toyether w~th such interest sh+ll be secwed by tM lien of tF~:~ mwQt~e.
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