HomeMy WebLinkAbout2336 iG~ l l1iG
THIS INpENTURE, Mad~ tM 22na day of June A.D. 19_~ ba~wee~
,d • r Y • -
2errance J. Ssith and Jovice 6. S~ith~ his wite
of St • LLICi~ County Florida, her~inaftN d~siynated as tM "MORTGAGOR;' and FIRST FEDERAI S~+VINGS AND IOAN
ASSOCIATION OF FORT PIERCE, ~ cwpaation ap~nized +nd exiitinp unda tl» laws of tM United Sut~s of Arn~ric~ ~nd h~vinp iri principal pl~c~ of
bU11Mii Ifl ~~N CI1y Of FOf1 PiKC~, St. luci~ Cow?ty. Flaid+, h~rsinafttt desiyruted ai tM "MORTGAGEE." ~
31 000.00 •nd lawiul money of the Un~~ed ~
WHEREAS tM MORTGAGOR is jv~tly indeb~~d to tM 1NORTGAGEE In tM svm of = ~ ;
Stetes advanced by the MORTGAGEE unto th~ MORTGAGOR, as evidenced by • certain promiuwy not~ of even date herewish, of which ths iollowinp in ~
words and iigures is a trw copY, to-wif: ~
i 31, 0~.~.- ~ 10020067
Fwt Pi~rc~. FIa1d+. •J1111@ ZZ 19 ?3
Fa value received, 1, we o~ either of us, promise to pay, without dafalcat~on, to the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATI4V OF
FORT PIERCE at Fort Pierce, Florida, t}x sum of S 31 w~th intereit from date at the ~ate of 7•7~6 pe? +~nnum, in monlbly instsla
meros as follwers: = 235 on 1hs 2~th d+Y ef Au~-~ t_ - 19 ~3 ~nd a like sum on fhe carespond~ng day of ~xh month therr
atrer u~til Ihe whole be fully paid.
Each installment fint shall be applied in psyment of the intcrest ~nd then on the u~paid balance of the principal sum. If default is msde in thi
paymeot of any installment when dve, and such defautt continues 30 days, then at tF~e Option of the holdcr, and without any other notite, ~II tF~s remair.ing
;nstallments shall be due and payabk at once. Privileye i~ given to prepay this note in whole or in p~rt at soy tims without penalty. Nehhet forebearant~,
nor acceptancs by the holder thereof after any default in any payments hereo~, shall be deemed exte~sion. A late payment cMrge o~ i 11.75sha~~ be 3
rdded to each installment remaining unpa~d 7 days after its due date, snd a like sum shall be added to exh such inttallment ~emaining uapaid 7 days aftar
rach iucceeding payment dste.
Each maka, surety and endwaH hereof, joinNy and uver~lly, waives demand, presentmrnt protcst and notice of protest fw nonpaymeM, and funher
agrees to a~y exteniwn of time of paymenL eithe~ before or after maturity, without notice to any of us; and to pay all costs of collectiw~, indudirg a
reasonable aROrney i fee in the avent of sny default hereunder, and hereby ~eve~ally waivrs all bertefit of homestead ~nd exemp~ion under the constituian
and lawi ol each State of the United States, as againsf this obligation a ~ny extension or renewal hereof.
Witness tl~e hand and ual of each party.
s/ Terrance J. Saith ~u
- cs~?U
. s/ .Toyce B. S~itti ~
r ~ • ~ ) State Revcm?s
(S~a~w~s trnslbd-ow~isiw~4 wols) :
NOW, THEREFORE, the MOR1CaAGOR fw the purpose of seturing payment of ssid sum of i 31+~~•~ ~nd the performance of tM
covenants and agreementa hereinafter expreued, and fa diver~ good and v~luable considerations, by these presents, does g~ant, bar~sin, sell, remise, ~
release, convey and confirm unto the MORTGAGEE, its iucceuors and suigns, all that certain lot, pieu w pucel of (and, situate, lying~ and being in ths
Counry of I,.{LC14 and St+te of florida, de~cribed as follows:
Lot 22, Block 150~..AKEWOOD PARK LNIT NO. 11, as per pla t thereof
on file in Plat Book 11, Pages 3?A, th=u D,public records of St.
Lucie County, Florida ;
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f ° STATE aF FL..ORiDA ~ .
t
~ DOCUMENTARY~'==:.~STAMP iAX ~ o
~ °c~ N UEPT.~EhtlE ~ . • •1 - ~N Pp`11~N~p~~O?ERCI~
$ _ _ ~ „uii2i'T; - " 4 U. ~ ~ ~ G ~~ti619~EPEa~ pF ~y1~.
e' _~p 2 f ~~C11?~~ pZEQ 'll•1~4A~ flA~
~ ° D~ _,,~e{t ~0 C~~ER 1.~1Lt4. ~ .
p~Iri~^•" S~.
~~EaK C1RGU1~ ~~'~~j' / i~
~ et~/~..,
~ .
~ rogether with sll and singular the tenements, Ixreditamentt and eppurtances thereunto belonging or in anywise +ppertainirg tl+ereto. ~nd all renri, luues, `
proceeds and profin sccruing and to accrve from s~id premises, all of w~i~d? are included in the ~bare and foregoing description ~nd Mbendum. ~
~ 10 HAVE AND TO FfOID the above described snd granted premises unto the said MORTGAGEE, in svcceuwt and auFgns forev~r. And tM s+W
~ MORTGAGOR fw the~l[ ~in, executon, sdministrators +nd auigns, hereby covenants with the said MORTGAGEE, iri sutcesson and paipro,
ihat the
r~are Iawfully x~zed of the wid prem~ses in fee iunple; that the ssme are free, clear and d~scharged from all Ile~s and encwo-
~ brarxes in Isw or in equity, aod that they wil{ and the 1~ hein shall warrant and defend the title to the same to tht s~id
~ MORTGAGEE, its successors snd suigns, forever against the lawful claims a~d demands of ~II persons; 3
PROVIDED, ALWAYS that if tFro MORTGAGOR shall pay ~nto the MORTGAGEE the promiswry note hereinbefwe described u+d ahall truly, promptly
and fulty perform, dischsrge, execvte, complete, comply with and abide by each and every the stipulations, agreemenb, conditions and tovenanb of iaid !
promissory note and oE fhis Nb?tgage, then thi~ Mwtgage snd fhe Eatate hcreby veated shall cease and be null and void.
IT IS UNDERSTOOD tMt 11~e word "Mortgsgw" whether in the sinQular or plural se?ywhere in this 141ortgspe, shsll be sin~ul+r if one only snd ;
~ shail be plural jointly and sever~lly if more thsn one. ~nd that tF+s wwd "the:r" as used anywhere io th'n Mongsye shsll be taken ro mea~ "his,•••'f~en;•
or "its;' wherever the context w implies a admits. Also, that wherever fhere is a referente in the covenants ~nd ayreemenb F~erein to~tained fo ~~y of
'~y the parties hereto, fhe same shall be construed to meu+ as well at the hein, legal representafiva, successors and suigps (either vol~~tary by act of fh~
~ parties or involuntary by operation o1 the law) of the same snd that the covensnts herein cont~ined shall bir?d and ti~e benefits and adva~fages i~ur~
"s :.a: - - - - tireto.
t+.r ii~e :c9y'szu.e ~ v. .o~.:~.~....,...~.. _ _ ~'s.^.~ _
And ssid Mortgagon, for themxlves and their heirs, Ieg+l represeotstivq, succestors and assig~s, Fxrcby jointly and severally covensM and ayree
- to and with tFx said MORTGAGEE, its successors and +ugrn:
~F 1. To all u+d si ular the ~nci 1 snd intcrest and ths various ~nd sundry swns of money psyable by virtue of said promiuwy note, and ihis
~s WY ^9 P~ W
~ mortgage, esch and every, prompNy o~ the days rapectively the same severally become dve.
2. To p+y ~II and ~ingvlar the uxes, assessmenn, levies, li~bilir~es, obtigsteom and encurt+br~nces of every nstwe and kind now o~+ ~aid deuribed
property, a that heresfrer rrwy be impwed, suffered, plxed, levied, or auessed thereon, a fhat Ixreafter may be levied ot assessed ~pon this Mortg
age, w the indebtedness secured hereby, e+ch snd every, wl~en due snd payable, accwdinp to law, befwe tlxy become delinq~?ent, ~nd befors ~mr lntersst
~ attaches o~ any penalty is incu?red; AND INSOfAR AS ANY THEREOF IS OF RKORO THE SAME SNAII dE PROMPTLY SATISf1ED AND DISCHARGED OF
~ RECORO AN~ THE ORIGINAL OfFICIAI DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALIY ENDORSED
~ OR CERTIFIED) SHAIL BE PIACED IN TNE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; snd in the eveM that sny thereof is not
aid, saYsficd +nd diuhar ed sa:d MORTGAGEE ma at an time tFro same or sn ~t tF?ereof w~tFwvt waivi or affecti a tion, lien, i p
P 9 Y Y P+Y Y W ^9 ^Y °P ~ h ;
•iqht ur+der or by virtue of this mortgage and the full amount of each and every such payment shall be im.mediately due snd payable and shall be+r iMerqt s
~•om the date thereof until paid at rate of nine per centum per annum and toyetFxr w~th~sujh ~ terest shall be setured by the iien of th:s rnorytayl.
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