HomeMy WebLinkAbout2049 . 25`?'532 k
THIS INDENTURE, INad~ tA~ 215t day of `J~~ ''.y ~ A.D. 19
7~~ betwee~
~ . ;
H. L.. Speacer an ress ~ . ~
of St • L'~ ~ Co~nty Fbrida, Mr~in~fter d~siynatad ~a tM "MORTGAGOR," and FIRST FEDERAI SAVINGS AN~ LOAN '
ASSp~1AT10N OF FORi PtERCE, ~ corpwation or9~niud ~nd ~xiatinp und~~ ?hr I~vv~ of 1!w Unit~d S?aUS of Am~riu ~nd h~vir?p in principal pl~u of
bu~in~ss in tM City of fort Pi~rc~. SI. l~ci~ County. Fiwida, hereinah~r daipnaqd ~s th~ "MORTGAGEE."
WNEREAS tM MORTGAGOR it jwtly inckbt~d to tM MORTGAGEE in ths sum of = ~~~.~t~ ~ good and lawf~l money of tM United
Srat~s advanced by tM MOR~GAGEE u~~o ths MpRiGAGOR, ~s evidenced by a certain promiuwy na~ of even dare herswith, cf wh:ch th~ folfowinp in
wwd~ and fipur~s 1i • trw copY. to-wit:
s 9 200 • ~4 r,~,_ 10020057
~ fort PiKC~. Flaida. .711[14 2'Z ~q 73
for wlve received. I, we or either ot us, prcmiu ro p~y, withoul dafalution, to the o~der of FIRSi FEDERAI SAVINGS AND IOAAt ASSOCfAT10N OF
FORT PIERCE at Fort Pieres, Flwid~, the sum of = Q~ 2~ with interest irom date ~t ths tate of osr an~wn, in monlhly instelb -
mems as follows: S 88•~ on the ~~th c?ay of Auqust ~q ~3 a like sum on the carrespor?d~~g d~y of each month therr
after until the whole be fully paid.
Each installrrKnt first shall b~ spplied in payment of the interest and then on iM unpaid balance of the princ7p~1 wm. If default is mads in ths
payment of any i~stallme~t when due, and such defa~lt continuss 30 days, then a1 the optian of ths holder, and without any other not;ce, ~1! the remaininp
~RS?allmenb shall be due and payable at or?ce. Privilefle is given to prepay this note in whole or io p~H at ~ny time without p~nalty. Neither faebearancs. .
nw atcephnce by the holder tl~eof after ~ny default in any payments hereon, shall be deemed extension. A late payment charge of Z 4•~
- sh~ll bs
added to each installment remainirq unpa~d 7 days after iri du~ datt, and a like sun? shatl be added to each such insta!lme~t rsmaining ~r~paid 7 dsys after
each tvcceediny paymeM date.
Esch maker, ~watY and endorien c~reof, joiMly and severslly, w~ivs demsnd, prexntment protest and ~aotice of protest fw nonpaymenf, and further
agrees to any extension of time of payment, either before or after matur;ty, w;thout notice to any of us; and to pay atl msts of eollection, includ~rg a
reasonabk attwney i fee in the event of any def~ult he~eunder, and hereby severally waives all benefif of homestesd and exemption under the co~atitution
and laws of each State of tha United States, as againat this obligatian p any extension or renewal hereof,
Witneu the hand and seal of exh party.
_s/ H. L. Spencer ~
ts~?U
cs~?u
S 13. _ sI ~ressie M. Soencer ~qy
( ~ ) S:ate Revenue ,
ama~ sa~a~ms~ s~ot ~a
NOW, THEREfORE, the MORTGAGOR for the purpox of sccuring paymcnt of ssid sum of ~ 9~ 2~O - OO u+d the pe~formance of tM
covenants ar+d s9rcements hereinsfter expreued, and fw dvers good ~nd v~lwble consideratia», by the~ presents, does g?~nt, bar9ain, sell, remiie,
retease, convey snd tonfirm unto the MORTGAGEE, its succasor~ ~nd suigna, •11 that certain bt, piep or parcel of I~nd, situ~te, lyirp, end beinp in tM
Couny of St . L13C iQ ~ eed Stat~ of Flwida, de~nibed as foibws:
Lot 20, Block S, SILVBR IAKB PARK SLBDIVISION, as per plat
thereof on file in Plat Book 10, Page 4, of the Public
Records of St. Lucie County, Rlorida,
^ ST ~'E o~ ~LC~~~~a~ 1
A
m OOCUMENIARY _--~~,c.~TAM
o-~+ ° UEP
p~'REYENt1E , ` ; . . ,
c ; ~~38Q1
~G ~ ~ ~ 3:IAZ5~~$ ~ •
- P e- + w ~ a IN PAYMENt
o : ~ ~02 = PPOPERI'4
. . . . ~ INTAN6IBLE ~~S
~ ly .
PU~~ T~ ~,E~ POITRA.t
q,~K CIRCUn ST. 111C1E 00,
rogether with stt and sirgular the teneme~ls, herediuments and appurt+nces thereunto belonging a ln anywise appertaininp thereto, and ~0 renb, iuues,
proceeds and profits scvuing and to acuue from said premises, efl oF whicfi are included in the abwe and foreQoirg dexripfion ~nd habendum.
TO HAYE AND TO HOID tke sbove described snd gnnted piemisea vMO the said MORTGAGEE, ib waesson and auiyrn forewr. Md the ~aW
MORTGAGOR fa t~ll he;n, executon, admirtistr~tws and astigns, F+ereby covseun» vrith tM s+W MORTGAGEE, in suatsson and ~ssiprr,
fhat th~V
sZe lawfully seized of the said prem~ses in fee simp!e: th~t tFie sama are fres. clear and discFu~gsd from all liens and ~ncv~
brances in law w in equity, and thst t~v will ~~d - their hein shal) warrant and defend th~ titk to tM sam~ to the sald
MQRTGAGEE, its succesaws a~d auigns, forever ag~inst the lawful claims and dem~nds of ~(t penaq;
PROVIDED, ALWAYS tMt if fhe MORTGAGOR shall pay unto the MORTGAGEE the promissory rate hereinbefae de~cribed ind sh~ll truly, promptty
and fully perform, dischsrge, execute, compkte, comply wi~h and ab~de by each and every the stipulatqns, ~reementi, conditaro ~nd coven~n» of said
promi~sqy note and of this Mwtgsge, then this Mortgage and the Estate hereby veated shsll u~s~ ~nd be null ai+d void.
IT IS UNDERSTOOp that tF~e wud "Morty~gw" whetFx? in the singutar w pivrsl ~nywher~ in thb Mortype, sfuN be sieQvlu if on~ only ~nd
shall be ptu~~l joinily ~nd severally if more than o~e, and that the wwd "thei~" as used anywhen in fhis Mwtyaye sFNll b~ taken to meu~ "his,'• •'hen;•
w"its;' wherevr tF~e context w implies w~dmits. Also, that wherever thNe is a referencs in tM coven.on ~nd spreemenn i,ere~o oonta~ned to ~ny of
fhe p~rties here~o, the ~ert~s :h~ll be consaued to meart a~ well ai the he;rs, leyil repruer?t~Ynq, successors ~nd assgrn {either voluntary by ~c1 of the
pa?ties w involuntary by operatan of the law) of the same and th~t tF?e covenants herein conuined shall bind and ths beoefiri and ~dva~tayp inur~ ~Q~
to the respectiw hein. le~sl represeotaiives, svccessors ind a»~yns of the parties he?efo.
And said Mortgsgors, fw themsetves and their hein, legal represenratives, succeason and auiyro, ha~eby jointly snd seva+lly wv~n~nt and ayr~e ~
fo and with the said MpRTGAGEE, iri succeuors ~nd sssigns:
ca
1. To p~y all sr+d sinpul~r th~ principal ar?d intereit and the wrious ~nd iundry sums of money payable by virtue of ssid prom;ssory note, and this ~
mortgage, e+ch ~nd ewry, prpnptly on tF+~ days respectively the sune seve~aUy becan~ d~e.
2. To pay alt ~nd sirgvtsr tM taxes, assesunenn, levies, liabiliries, obligations and encv?nbances of every n+tun and kind now on as;d described ~
property, a that hereaher m~y be ;mposed, suffered, placed, tevied, or assessad thereon, a tFut hereaft~r may be le~r;ad a asses~ed ~pon thb
age, w ths indebtedness secured F~ereby, each ~nd every, when due and paysble, accordir?p to Iaw, befwe they bec«n~ detinpuent, and before uryr k~tk~q ~
a~taches a any penalty is incurred; AND 1NSOFAR AS ANY THEREOF ~S OF RKORD THE SAME SHALL SE PROMPTIY SATISFIED AND ~ISCHARGE~ OF
RECORD AND THE ORIGINAL OFFiC1Al DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SA715FACTION PAPER OFFICIALIY ENDORSED
OR CERTIf1EDj SHALL BE PlACEO IN THE HANDS OF SAID MORTGAGEE WITHIM ~fN DAYS NfXI AFTER VAYMENT; and in the event that any thereof is not
paid, saYsfied and dixharged sa:d MORTGAGEE may at any time pay the same w any p~rt thereof without wsiving or affetting ar?y optpn, lien, equ;ty or
•~qht under w by virtue of this mortgage and the fvll amount of each and every such payment ihall be immediatety dve a~d payable snd shalf bear interest
~rom the date thereof until psid at rate of n~ne per centum per annvm ~nd together with such imerest thall be tecu~ed by ti?e lien of th:f moryt~ye.
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