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Home My WebLink About2338 . ~ 2~ 7'713 TNIS INDENTURE, N1~d~ tl~s 27th day of ~une A.D. 19~... belwean RoDert A. Satchwi an ancy . atc w , is w ~,f St• LI~C~@ Cp~nty fbrid+, I1ff01MffOf dtiip~+ted as tM "MORTGAGOR;' ~nd FIRST fEDERAI SAVINGS AND IOAN ASSOCIATION Of FORT PIERCE, • corpaation wganized and existiny under tM lavw of tF» United Sta~~s of /lmeric~ and !?~viny it~ principal pi+cs of busin~u in tM Ciq of Fort Piac~. St. l~ci~ County, Fiwida. heni~aits~ de~ipnated as th~ "MORTGAGEE." ~ WHEREAS tM MORTGACaOR b jvitfy indebt~d ro tFw MORTGAGEE in ths :um of S 1O ~ good and lawful money o( the Un7ted `~j Statei ~dvanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a csruin promiuory not~ of even date herewith, of whic\ th• followinp in words and figurei i~ s trw copy, towit: ~ s 10.400.00 June 27 ~'~O 1OO20Q93 T Fwt Pierc~. Flaida. 19 Fa value received, 1, we or either of us, prom~se to pay, without defalcation, to ihs order of FIRST FEDERAI SAVINtiS AND IOAN ASS~~ATIOIV t~F 10 400 00 FORT PIERCE at Fort Pierce, Florida, the sum of s • • with imerest from date at the rate of 8•~ % pe? amvm, io moMhly inafa:l- ~ ments as fotlows: S 1~'~ on the 2Ot''d+y of Au9ust ~y73 a like sum on the corresponding day iif eath n~th the~t- ~ aftrr until the whole be fully paid. , Each installment first shall be applied in payment of the interest u?d then o~ the unpaid balance of the princ~ps~ sum. If default is ~u~dd in fM paymeot of any installmeM when dve, and sucb default continues 30 dsys, then at the option of the holder, and without any otnet notice, all tfm rpn+ainin~ • ~~stallmenri shall be due and payable at onte. Privile~e is given to prepay this note in whole w in part ~t any time wilhout penalfy. NcitF~e~ [c+robe~ranc~, ` nor acceptance by the holder ~hereof affer ~ny default in any payments hereo~, ahall be deemed extension. A late psyment charge of f g•~O shall bs ~ added to each installme~t remaining uopaid 7 days after iri due date, snd a like sum shall be added to eath such installment remaining unpaid 7 days ~fter ~ each succeeding payment date. ~ ~ Each msker, surety and endorse+ hereof, jeintly and sevenlly, wsives dcmand, prexntment protest and no~ice of p~otest fw no~payment, and furthe~ agrees to any extension of time of payment, eithe~ before or after maturity, without notice to any oi us; and to pay all msts of cotlection, inc:udirq a reasonable attorney's fee in the event of any defsult hereunder, and Fxreby severally waives all benefit of homestead and exemption under ths constitution ' and laws of each State of the United States, as against this obligation w any extensiw~ or renewal hereof. ~ ~ Witness the hand and s~al of each party. ~ Robert A Satchwill ~wU cs~?u v (s~?t) s/ Nancv J. Satch~rill ~ ~$1 S. 60 ~ stare Reveeue tSrsmps-~n~eMed~araigtna~ noie! NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of i 1O t 4~~ u+d tM performance of tlw ~ covenanb and agrcements hereinafter expreucd, and fa divers good and vsluable tonsiderations, by thest presents, does grant, baryain, sell, remise, release, convey and confirm unto the MORTGAGEE, in succeuws and auigns, all thal ce?tain lot, pieu or pucel of land, situate, lyirg, and beinp te~ the County of S t LuG ie and State of Florida, dewibed as followt: The South of Lot 3 and the South of Lot 4, Block 1, WHITE CITY ESTwTBS, as per plat thereof on file in Plat Book 9, Page 48, of the Public Records of St. Lucie County, Florida, ? ~ ! I ~ ! ~ ~ ~ oF ~ ~ ORiDA~ p o~~~xES . _ o STATE sTannP ir,x t DOCUMENjARY~y°` U ~ \N Pp~y~ PR0~E4n~ { DEP{ ENUE~~~ S. 6 ~ ~ ~ ZAN~'\B~EPEA pf 1y~?. ~j5 ~c ~ - ~ ~.~27'13 ~ .i ~ ' ~EC ~'C 1t SE~ ~1-~~~„ c11~ ~ i.. ~.P o2 ~ p~4. ON C t0 C~`4 CEg PD~T ~~~'~t CD . ~ o ~1ANj ~ ~ ..~t. ~ . . ~ C~~K G1R~V~j GUv ~ ~ together with sll and singulsr the tenements, hereditaments a~d sppurtances thereunto belonging or in anywise appertsinirg the?eto, and sll renq, issves, ~ proceeds and p?ofits sccruing and to acuue from said premises, all of which tare included in the above and foreyoirg description ~nd Fubendum. ~ TO HAVE AND TO HOLD the above described and gnoted premise~ unio the said MORTGAGEE, its suaessors and +ssig~s fwevar. Md tFw said ~ MORTGAGOR for t~~ F?e'us, executon, administratws and assigns, hereby tovenanb with the said MORTGAGEE, ib svtcessws and ~aipns. ~ rhat -th4y are Iawfully xized of the said premises in fee simple; thst tM same ~re free, ckar and discharged from alt liem and ~ncum~ ~ orances in law o~ in eqvity, and that they w~p their h~~n shall wurant ~nd defend the titl~ ro the sam~ to ths ssid ~ MORTGAGEE, its succeuors and assigns, forever sgainst the lawful claims and demands of all perwns; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory rate hereinbefwe dexribed and aMll fruly, promptly artd fully perfwm, diuMrge, exK~te, tomplete, tomply wilh and abide by esth and every the stipulalions, sgreemenri, tonditiqu and oovenanri of said - promissory note end of this Mortgsge, then this Mwtgage and the Esrate hereby aesled tlwll ceas~ snd be null and void. IT IS UNDERSTOOD thst the vrord "Matgago~" whether in the singuler or plwal ~nywhere in this 1Nortgape, shall be iirgulu if one only ~nd shall be plural jointly and ~everally if mwe then one, snd that the wwd "~heir" ss u;ed ~nywhere in this Mortgape sh~tl be take~ to mesn "his;' "hen;' or "its," whetever the context w implies or admits. Alio, thst wherever there is ~ reference in tM cwen+nri and syreemeots lrorein ooatainsd to ~ny of fhe parties hereto, the same shall be construed to mesn +s well as the heir~, legal represent~tives, succeuon and su~gns (either volunury by ac1 of tFw ; parties or involuntary by opHation of the law) of the a~me and that the cover?snts ixrein contained shall bind snd the benefiri Md ~ntapes inurt _f .4 _ L___~~ ~y'~ 1~ j~ /K~t1VC ~1Q1~~~ ~~a~ represeniaiires, iIICCCiiVl1 a~Kt ~~1'ylq VI ~Iq Fl~IIISi ~~G~O~V. ~ And said Mwtyagors, fw themselves and tF~eir hein, legal representatives, wccesaas and auigns, hereby jointly ~nd severally covenartt ~nd ~yree 5'~ ro end with the said MORTGAGEE, its successws and auigns: ~y 1. To psy dl snd singul~r ttx principsl snd intereit and tFro v~raus ~nd sundry wmi of money payabte by virt~re of s~id promissory note, and this mortgage, each snd every, promptly on tF~e days respenively the same severally become due. 2. To psy all +nd sirgular the tsxe~, assessme~b, leries, liabilities, obligatiw~s and e~cumbnnces of every n+tur~ snd kind now a? said described ~ ' property, or that heresfter may be imposed, suffered, plKed, levied, w ~sieued thereon, a tF?at herNfta may be levied w usesfed ~rpon this Mort¢ age, a tMe indebtedneu tecured hereby, exh and every, when due and payable, accwdinp to law, befwe they becan~ delinq~ent, ~nd befor~ ~~ry intere~t artaches o~ any penalty is intv~~ed; ANO INSOFAR AS ANY THEREOf IS Of RKORD THE SAME SHAIt 8E PROMPTLY SATISFIED AND OISCHARGEO OF RECORD AND THE ORIGtNAL OFFICIAL OOCUMENT (SUCH AS, FOR' INSTANCE, THE TAX RECEIPT OR THE SATISFAC710N PAPER OFFICIAtIY ENDORSE~ ~ OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMENT; ~nd in the erent tMt any thereof is not paid, sat'sfied snd dischuged sa:d MORTGAGEE may at ~ny t~me pay the same w sny pah thereof without waiving w affectiny any opYan, lien, equify or ~~aht under or by virtue of this mortgage and the full amount of each snd every such payment ahall be immediately due end payabie and shall bear interett ~ f.om the date thereof until paid at nte of oine per centum per a~num ~nd toyether w~th such i r t secured the lien of th:s morytape. ~ s ~ ~ ~ ~~ri ~ - - , _ ~ _ , . _ _ - z