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iH15 INDENTURE, Mads the 22nd d+y of June A.D. 19
73 between
Willia= B. Palaer and Patricia R. Pal~, .hiat wife
of $t. Lucie Counry florida, Mrei~afttr detiqnated as fhs "MORTGAGOR;' and FIRST fEDERAI SAVINGS AND IOAN
ASSOCIATION Of fORT PIERCE, • corpwation or9ani:ed ~nd existing u~der tM lav~n of th~ Unllad Sti~AS of America ~~d Mvinp its principal place of
busineu in tM Ciry oi Fw1 PiKC~, St. lucie Couory, Flaida, herai~afte~ deaipnatsd as IM "MO A
WHEREAS Ih~ MORTGAGOR ia jwtly indebted ro tM MORiGAGEf in ths sum of = "~esii and lawful money oi the Un~fed
Sfatet advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by ~ cenai~ promissary nofe of'Lven date he~ewith, of which the fo~lar~~n~ in
wads ~nd fig~res is a true copy, to-wit: ,
z 36~000.00 ~ 10020Q72
Fwt Pieres, Floride, `j~e 22 _19 7~
Fa valut ~eceived, 1, we or either of u~, piom~x fo pay, without defalcation, to the order of FIRST fEDERAI SAVINGS AhD lOAii ASSOCIl~f1pN Of
fORT PlERCE at Fwt Pie~ce, Flwid~, the sum of ~ 36 ! with interest (rom date at the rste o~ • 7 S% p.r annum, ir. monlhly ~ nstal4
ments aa follows: s g72 on the ~thday of August ~~9 73 and a like sum on the cwrespond~nLs day of eatn month there-
af~er until lF+e whole be fully paid.
Each ins~allmenf first shall be applied in payment of ihe infe~est snd then on the unpaid bslante of the printipsl sum. If defaull ia mads in tha
payment of ~ny instatlmcnt when due, and such default continues 30 days, then st the optio~ of the holder, and without any other norFe, alt tiro .emainwiy
inststlments shall be due and payable at once. Privilege is given to prepay this note in whole or in pa~t af any time without penalty. Ne+tlwr /nebwrence,
nor ~cceptancs by tlx holde? thereof aiter any drfauh in any payment~ hereon, shsll be deemed extension. A late payment charge of ~3•6O , shsll be
added to exh installment remaininp unpa~d 7 days after iri due da1e, and • I~ke sum shall be added to each such instailment remainiry unpaid 7 days after
each uxtKd'eng paymenl date.
Each make~, surety and endwse~ hcreof, jointly and severally, waives dcmand, presentmenl p~otest and notice of protesf for nonpaymenl, and further
agrees to any extensiw+ ef time of paymenr, eithes before or aiter maturity, without notice to any ot ua; and to pay all costs of collection, includ~~g •
reasonable ettwney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and eaemption under the ta+stitutio~
and laws of exh State of ths United Sutes, ss aga~nat this obl~yatio~ or ~ny exreni~on a renewa) hereof.
Witness the hsnd and seal oF each paK~.
s/ Willias B . Palaer ~~U
~ (SEAL)
(SEAI)
$ 5a.00 . s/ Patricia R. Palaer ~
( ) Stafa Revenue
f6rwwp~ ~eelkd-ow ~eiigw»{-wW~e)
NOW, TNEREfORE, the MORTGAGpR for tF~e purpase of tecuring payment of said swn of S and the performance of the
cova?snta ~nd agreemenri hereinaiter expressed, ar+d fo~ divcrs good and wfwbf~ mnsideratioils, by these preunts, does grent, bargai~, setl, rem[se,
releasa, conrey snd confirm unto the MORTGAGEE, iri successors ~nd ~uigns, aIl tMt cen~in bt, pieu or pucel of Isnd, situatq lying, and being in the
Gounty of $t• Lucie and St~t~ of Fbrid~, destrib~d u followr. -
Lot 26, Block S, I.AKSWOOD PARK WIT 8-B ~ as per plat thereof
on file in Plat Book 11, Page 48, of the Public Records of
St. Lucie County, Florida
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. . . . . . . . . . . . . . ~ G ~N Q~~(ME1~ P~R(Y ~
S TAT E~F F LO R I D!.~ ~ ~r,EN~ 7•C 1Nt~'~~' NGj ~'y".
~z DOCUMENTARY,~`:..~,STAMP iA> ~ ~ON ~y~P~E~ ~~~j~,.C F~
°cy CfPT. OF REYfNUE f: ' • ~ ~OG~ ~~E
~ - = ~s. _ r~ _ ~ 5 4. 0 01 . a°"~t' s~ .
1 ~ o = ~rfnt ' . ~~j f~"
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j together with all and iingutsr the tenemenn, heredit~menb snd appurta~d therevnto belongirg p in snywise ~ppertaininy thereto, and aU tenri, iswes,
~ proceed~ +nd prof~ts accruing and to scuue from said premises, ~II of which ue incl~ded in the above snd foregoing descriptio~ and habendum.
s
; TO HAVE AND TO HOID the above desvibed and ~ranted pemises uroo tF?e said MORTGAGEE, ih successors snd auigns forever. Md th~ ~aid
' their
j MORTGAGOR for - hein, execvtat, ~dministrators and asigns, hereby covenann with ti+e said MORTGAGEE, in suttessors and ~ssiym,
~ that -~~-K--are - lawtuliy se~zed of the s~id premwes i~ fee iunpte; that tFk ~sme are frea, cker ~nd diuharged from all liens and encum~
~ brances in law or in equity, and that they W;~~ thei.r h~~n shal! wanant a~d defend the title to the ssma to the said
MORTGAGEf, its successws and assigns, forever against the lawful claims and demaods of dl persau;
PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiswry note hereinbefwe destribed and ~hall truly, promptly
and fully perform, dixharge, execute, comple~e, comply with ~nd sbide by each ~~d every the stipubtiau, agreemenb, condirip+s and covrn~nta of said
promisswy rate and ot rhia Morfgage, then th;s AAortgsge snd the Est~te hereby ae+ted shall cease and be null a~d void.
~ 17 IS UNDERSTOQD that tFro word "Mortgagor" whether in the singulsr w plwa! anywfiere in this Mortgsye, shall be sinyul~ if one only ~nd
shall be plural jointly and severally if more than one, ~nd Ihat the wad "~heir" ~s used a~ywhere in this Mafgage shsN be tsken to mean "hi~;' "hen,"
or "its;' wherever the co~te~ct w implip or admit~. Also, that wi~erever there is • referencs in th~ covenants and ~greements hrrei~ mntained to any of
the parties here~o, the same shall be construed to mes~ ss well at the heirs, kyal r~prsicntatives, :uccessws and asi~gns (either volunfary by ~ct of th~
parties a involuntary by operat~on of the law) of the same ~nd that the covena~rs herein contained s}wll b~nd ind the benefiri snd adwnfages inu~t
to t}~e ?espective heirs, legal representatives, successors and au'yns of the parties he~eta
And said Mortgagors, for themselves and their hein, legsl representatives, succettors and ~uiyns, hereby jointly ~nd severally covensnt and ~yree
to snd with the said MORTGAGEE, its successws and assigns:
~ 1. io psy •II snd singulsr ttx principal and interest and the varian ~nd wndry suaa of nwn~y payible by virtue of ssid promissory note, and tha
mortgage, each and every, promptly on the days respectively tF~e ssms severalFy becarw due.
2. To pay dl and singul~r the taxes, assessmenb, levies, liabilities, obligstions and encvmbnntes of every nature snd kind now on said dewibed
property, or that hereafter may be imposed, avffered, placed, levied, a assessed thereon, or that hereafter may be levied a assessed upon fhis Mort¢
age, or the indebtedrxu sccured F~ereby, exh and every, when dve ~nd psy~ble, actordirq to I~w, befo?e they become delinquero, and before any interes~
; attaches or any penslty is inturred; AND INSOFAR AS ANY THEREOF IS OF RKORO THE S~W1E SHAII SE PROMPiLY SATISftED AND DISCHARGED OF
~ RECORD AND THE ORIGtPiAt OffIC1Al DOCUMENT (SUCM AS, FOR lNSTANCE, TNE TAX RECEIPi OR THE SATISFACTION PAPER OFFICIALLY ENDORSEO
~ OR CERTIFIED) SHAII BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NfXT AFTER PAYMENT; and in the event thst any thereof is ~ot
paid, saYSfied and discha~ged sa:d MORTGA6EE may at a~y time pay the same w any part thereof withovf waiving o~ afleaing any option, lien, equity q
•7qht under or by virtue of this mortgage a~d the full amount of eaci+ ar+d every s~ch payment shall be ~mrteediately due and payable and shall bear interest
~~om the date thereof until paid at rete of nine per centum per annum ar+d topether w~th such interest shall be secured by th~ lien of th:s morgtsye.
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