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Home My WebLink About2047 25~531 ~ ~NlS INDENTURF, Mad~ ths 22nd day of June A.D. 19 73 - betwt~n Rrances R. Bost, a widow' , r of $t . Lucie Cp~nty Fiwid~, M~fifWftH detignated as the "MORTGAGOR;' and FIRST FEDERAL SAVINGS ANO IOAN ASSp~IATION Of fORT PIERCE, a corpaation wpa~ized ~nd existiny ~~der ths laws of tM Unitad Sa~~s ot America and Mvinp its principal placs of buiiness io ~M City of Faf Pieres, St. lucie County, Florida, hereinaft~r d•~rona~ed ei the "MORTGAGfE:' WHEREAS IM MORTGA(aOR is jwtly indebttd to tht MORTGAGEE in the ~um of S 12~~~~~ yood and lewful money of the Un~ted States advanccd by ths MORTGAGEE unto the MORiGAGOR, as evide~ced by a certain promiuory noN of aven dare herewith, of wF~+ch the followinp in words and f' ures is a true copy, to-wif: = 12~~•~ ~ Z~~Q~lB Fort Pisrc~. Flwida, `JW1e 22~ 19 ?3 ~ For value rece~ved, 1, we w either of us, p~omix to~+y without defalcation, to the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIA710N OF FORT PIERCE at Fort Pierce, Florida, the sum of s 12~W0•~0 w;th interes~ from date at the ~ate of 8•0 96 per annum, In monthly in~tall- ~nents as fol!ows: : l~l on the 2~~~y of AU91~St 19 73 and a like sum on the cwretponding day of ench month there- after until ihe whole be fully paid. Each installment first ahall be applied in payment of the interest and thert on the unpaid bala~ce of the princ~pal sum. If defsult is matk In the payment of a~y installment when dve, a~d such default conlinues 30 days, then at the option oI fhe holder, end without any olher notice, a!1 the remeinir~ ,nsral?rrKnts shall be due and payable at once. P~]vitege is give~ to prepay this notc in whole d in pa~t at any time without penslty. Neither faebcarance, nor acceptance by the holde+ thereof after sny default in any payments hereon, shall be deemed extension. A late payment charge of : 5•OS , ahall be added to each instaltment remaining unpa~d 7 days after its due date, and a tike s~m shatl be added to each such instsllment remaini~g u~paid 7 days after each svcceeding paym~~t da?e. Each maker, iurety and endorur hereof, jointly and severaliy, waives demand, presentment protest and notice of protest fw nonpayment, and further agrees to any extension of time of payment, either before a after maturity, without notice to any of us; and to pay a(1 costs of cotlMion, inctuding ~ reasonable atrorney's fee in the event of any default hereunde~, and he~eby seve.ally waives all benefit of homestead and e:emption under the constitution a~~d laws of each-State of the Unitcd States, as against this obligatio~ or any extension w renewal he~eof. Witnrss the hand and seal of each party. (SEAU ; _ s/ Rrances R.Bost+ a ~s~Ai) ' widow ~ l ~18.00 ) State Reve~ve ~U 1SSO~~ s~nt~l~~~.Qt~~nat ratei NOW, THEREFORE, the MORTGAGOR fw the purpose of secu?ing payment of said sum o= S 12 and the perfwma~ce of ths covenants and agrcements hereinafter expreascd, snd fw dive~s good ~nd valuable considerations, by thes~ presents, doef grsnt, bar9ain, sell, remise, rzteasE, convey snd confi~m unto thc MORTGAGEE, its aucceuors and auigns, ell that certain lot, piece or parcel of lud, situate, lying, and being in the ~ounty of St. Lueie aed State of fbrids, dewibed u folbwr~: - A strip of land, 50 feet, aore or Iess, aczoss the North side of the North 3.92 cha;ns of the South 7.53 chains of Lot 1, Se~tion I4, Township 35 South; Range 40 East; the said strip of Iand extends fron the North side of said described tract of Iaad to a certain bay tzee, about 50 feet, aoze or less, froa the said North line, with all riparian rights thereunto belonging aore definitely des- cribed as followss Co~aaencing at a point 414.9 feet North of the South~est corner of Section 14, lbwnship 35 South, Range 40 East; run North 83 degrees, 30 ainutes East 308.9 feet to the water's edge of Indian River; tDence run in a Northwesterly direction along the ~rater~s edge of said Indian River 55.0 feet; thence run West 289.7 feet to the section line of said Section 14, thence South 85.1 feet to point of begint~ing, less a strip of Zand 35.8 feet wide across said tract of land, k~own as Indian River Drive, all in I,at 2, Section 14, Tbwnship 35 South, Range 40 East, according to a plat fron an actual survey of said lan~d aade by R. E. Englar under date of Angust 25„ 1932. And also all rishts, title and interest of the Mortgagor to the South 11 feet of Lot 6 of price's Subdivision located in Section 14 and 25, Tbwr~ship 35 South, Range 40 East, as per plat recorded inPlat Book 4, page 14, public records of St . Luc ie Count y, Flo r ida ~ STAT E OF F~O R i[7 A+ ~CE~ ~ IN P11~lMIEIYI' OF T~XE~ ~z ~ OOCUMENTARYf'~ ;~StAMP IAx ~ c-• DEPT. Of itEYENUE `.a i DUE ON CIASS'C iNTMIGIBLE PE.^w•+=1 P''0"ER1Y, zr v-- 3 i... p ~ pUQSWMT TO CHAPIER 71-134. A.,IS OF ly~t. P.B. '°u'~2S'1s 'f~~ ` ~ V. 0 0~ ROGER P017RAS 4~~ ~ERI( C~RqlIT COURT~ ST. LUCIE 00., fi/l n' = ~nro ~ together with all snd singular the tenements, herediumenh and ~ppuAances therevnto belongirg or in ~nywise appertsining thereto, snd all rents, issves, proceeds and profits sccruing and to accrue from said premises, all of which are included "m the above and fo~egoiny desvipfion and Iwbendum. TO H/lVE ANO TO HOtD the above described and granted premises unto ths ssid MORTGAGEE, its svccasson ~nd ~uigns forever. And tM said h10RTGAGOR fw her ~;,s, executors, sdministrstws and assigns, hereby covcnants with the said MORTGAGEE, in suaessors and ~sfipro, rhat -~~--Z~---- lawfully se7zed of the said premius in fee simple; thst the same sre free, ckar snd discharyed. from all I'~ens u~d eocv~ brances in Isw w in cquity, and that She will ~nd her hein shall wsrrant snd defend the tilk to the s~me to the s+id MORTGAGEE, its sucussors s~d auigns, foraver against the lawful claim: and demands of ~II persons; PROVIDEO, ALWAYS thst if the MORTGAGOR shatt pay unfo fhe h{ORTGAGEE the promiuory note here7nbefwe desaibed and shal! ~ly, p?ompfly ' and fuiir perform, d~xharge, execute, complete, comply with snd ab~de by each and every the stipulai~w+s, agreements, conditions and tovenanb of s~id promissory note snd of this Morrgsge, then thi~ Mortgage a~d the Estate hereby ve~ted thsll cease uid be rwll and void. IT IS UNDERSTOOD that the wwd "Mwtgsgor" wl+ether in the singular w ptu?~I ~nywFxre in this Mortgage, shsll be sinyulu if one only ~nd shall be plural jointly and xve~ally if more than one, and that the wwd "their" ss uud a~ywhere i~ this Mortgage shall be taken to me~n "his;' "heq;' ~ or "iti " wherever ti~e context w implies w admits. Also, thst wherever there is a reference in the covenann ~nd ~yreements herein contained to ~ny of the psrties hereto, the ssme shalt be construed to mean as well as the hein, {e~al ~ep~esenutives, successors and auigro (either voluntary by ~ct of th~ oa~ties or involuntsry by operation of the law) of the ssme and that the covenants herein co~t~ined shall bind and the benefitt and adventages i~un ro the respective he'us, legal represmtativa, wccessors and ass~gns of the pa~ties Ixreta ~ And said Mwtgagors, fw themsetves ~nd their heirs, legal representatives, iucctssws and au+gns, hereby jointly and xverally covenant and pree ro and with the said MORTGAGEE, its successors and aug~s: 1 1. To pay sll ~nd singvlar the principal and interest and the various and wndry sums of money payeble by virtue of ssid promissory note, and this 1~ n+origage, each s~d every, promPNy on ihe days respectively the same sevs~ally become due. 2. To pay sll and si~gufar tf+e taxp, assessmenn, tevies, fiabilities, oWig~tions eod encvmbranca nf every nature and kir~d now on said described property, or that hereafter may be impoted, suffered, placed, levied, a asussed thereon, or that hereafter may be levied a asseued vpon this Mort¢ Y age, w tF~e indebtedness secured hereby, each and every, whcn dve and psyable, accordirg to law, before tF~ey become delinquent, ~nd befa~ any imerest ecc-. arraches or any penalry is inc~•ied; AND lNSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAIL BE PROMVTIY SATISFIEO AND DISCHARGED OF om RECORD AND THE ORIGIfVAI OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RE~fIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSED OR CERTtFlED) SHALL BE PLACED tN TNE HANOS OF SAtD MORiGAGEE WITHIN TfN OAYS NEXT AFTfR PAYMENi; and in the event that any tiroreof is not paid, sat'sFied and discharged sa'd MORTGAGEE msy ~t any time pay the same o? any part thereof without waiving or affecting any option, lien, eqvity ot ~~qht under w by virtue of this mongage and the futl amo~nt of each and every suth payment shalt be immediately due and payable and shsll besr interest ~rom the dale thereof unti! psid a? ~ate of n~ne per centvm per annum and together w~th such interest shall be secured by fhe lien of th:s morgta~e. . . . _ ~ ~ - ~m:•_~~