HomeMy WebLinkAbout0198 zs8~82 .
THIS INDENIURE. Madt the- ~`~th day of .)unc~ A.D. 19.~~;_~ between
1~': lc~~l^~ I:. ~ir~>~vn, _~r .~~+?~d Sanciy G.^. ~~~yn f~ h.-~i ;;.ly~s
' ~ ,n
of ,~,____~1-Sll3 County Flwid~, hereinafier das~yn8~ed ss tl+e "MORTOAGORJ' +od FIRST FELERAI SAVINGS ANO ttiAP:
ASSOCIATION OF FORT PIERCE, ~ co~pwat~on orflanized and exia~irg under rhe lews of th~ Un+rcd Sqt~a of Amerita •nd h+viny hs principn,~ plac~'of
buaineu In the City of Fort Pierce. St. lucie Gounty. ftaida. hereinaiter de:ig~ated ~s 1M "MORTGAGfE•'•
WHEREAS ?M MORTGAGOR is juidy iadebted to ths MORTGAGEE in tiu su~;1) bf 1 S~ 9OO , O(1 9~ i;,d laNful .noney of tne Un~~~rd
States advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a ctrfain~d}ortiisswy note of even date herew~~h, of which the follcwing i~
~1 5~ 90n~u~~,i a~.us cePy, tow~r ~ l lOn~Zy 3
~
fort Pierce, Flo?ida, ~t1 ri~' ?f3,~ jy~_~_
Fw value received, t, we w eilher of us, promise 1o pay, without deta;ca~ion, to the order of FIRST FEOERAL SAVI~IGS AND LOAN ASSOCIATlON OF
FORT PIERCE at For1 P~erte, Fbrida, the sum of s~` S~ 9~~ with interest irom date a/ the rafe of per annum, in monthly insfall-
~~rnts as follows: S~~~' _ on the ?~thday of f,Ut]t1S~ ~9 and a like sum on the conespond~ng day of each moroh there-
afre~ unfil the whole be fully paid. ~
Each install:;~ent fint ~hall be applied in payment of the intere~t and ~hen on 1he unpaid balancc of the princ~pal sum. If detnult is made in the
t~aymenl of any ~nstallment when dve, and such default com~nues 3Q days, then af the option ot the holde~, and without any other notice, all the remain~ng
~r~srailments shall be due and payabte at once. Privil~e is given to prepay this note in whole w in part at any time without penalty. Ncither iorebcarante,
nof acceptance by the holder thereof after any default in any payments hereon, ahall be deemed extension. A late payment chsrge of s~• 8~~ , shall be
addeei to each insta~lment remaining unpaid 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 days ifter
each succeeding payment dare.
Each maker, surety and endorser hereof, jointly ar,d xverally, wa~ves demand, presenement protest and notice of protest for nonpayment, and f~nher
agrees to any ezte~sion of time of payment, tither before or after maturity, without not~ce to any of us; and to pay atl costs of coltection, including a
reasonabte attorney's fee in the eve~1 oi any default hereunde~, and hereby severally waivrs all benefit of homestead and exemption under the constitulan
end laws of each State of ~he United States, as against this obligation w any extenaion or renewa! hereof.
Witness the hand and seal of each party.
S.t~:a? col m E. T3rotim 3 ~r . ~~Ai~
(SEAI)
S. ~ ~~l Tl ~ V Ci . ~ 1^ 17I'? (SEpt)
$23 . R 5 ) State Revenue (~u
~ns~cx~ar~nfat ~cacar~~: aw~
NOW, 7HEREFORE, the M~RTGAGOR tor the purpose of securing payment of sa;d sum of s~_~ 9nn - L)n , and the performance of the
covenants and agreements hereinafter expressed, and for divers good and valusble considerations, by these presems, does g~am, bargai~, sell, remise,
reiease, convey and confirm unto the MORTGAGEE, its svccesso~s and auigns, aIl that certain tot, piece or parcel of land, tituate, lying, and being in the
Couny of ~t . Z-uC 1 E-' snd State of Fbride, desuibed ai follow~:
I.ot I-~, Eilock 1, S7LVER L~1KE PARK S['BDT~lISIO\, as ~er Plat th~~rec~f
r+~~orcieci in P?~z± nook 10; p3~e 4, of the P.:hl i~ Rec~rds ~f ti+. L~.ci ~
:'Lu~+~~. Fl~~ri~la.
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together with all and singular the tenements, Fxreditsments and ~pp~rtances thereunto belonging or in anywise appertaining thereto, end all rents, iuues,
9 p~ocecds and profits accruing and to aarue from said premis~s, all of which are included in the above and fwegoirg dewiption ~nd Fwbendum.
i
TO HAVE AN~ TO NQLD fhe above described and granted prcmisea unto the said INORTGAGEE, in successon and assigns forever. Md the said
th~~ r.
1hORTGAGOR for hein, executws, administratws and aasigns, hereby covenanri with the said MORTGAGEE, its succeasors arntsuip~a,
rhat thPy~-~r~ lawfull seized of the said
y prem~ses in fee simple; that the same +re free, cksr and discharged irom sll I'Kns snd encum-
4 brances in law or in equity, and that thF'V W~~~ a~ their heirs shall warrant and deferxi the title ro the s~me to the ssid
; MORTGAGEE, its successors and assigns, forever against the lawful ctaims ~nd demsnds of all perawu;
PROVIDED, ALWAYS that if thr MORTGAGOR shall pay unto the MORTGAGEE tFro promissoty note hereinbefo~e dexribed and shsll truly, promptly
and futly perForm, dlscharge, e~ecute, complete, comply with and abide by each a~d every the stipulations, agreements, conditioru and covenanh of sa3d
promissory note and of this Mortgage, t}~cn this Mortgsge and the Estate hereby crested shall cease and be ~ull and void.
; IT IS UNDERSTOOD that tlx word "Mortgagor" whether i~ the singular w plurat anywhere in this Mortgage, shal! be singular if one only and
3 shalf be plural jointly ar+d severally if mare f1~sn one, and that the word "their" ~s used anywhere in this Mortgage shall be taken to rtx~n "his;' "hen,"
or "its;' wherever the contex~ w implies w admits. Also, that wherever there is a reference in the covenants ~nd ag~eements herein contained to any of
the parties F~ereto, the same ihall be cons~rved to mes~ as wel~ as the heirs, legal rep~esentdives, successors and sssigns (eifher volunfary by ~tt of the ~
parties w involuntsry by operation of the law) of the same and that the covenants herein tontained shal{ bind and tl?e benefits a~d advantspes inure
to the respective heirs, legal repreuntatives, successors and asrgns of the parties hereto.
1
And said Mortgagors, fw themxlves snd their heirs, legal representatives, successors and asaigns, hereby jointly and severslly cover?~nt and agree ~
~ ro snd wirh the said MORTGAGEE, its svccessors and auigns: "
a 1. To pay all and singulsr the pri~cipal and interest a~d the various and sundry i~ms of money payabk by virtue of said promissory note, +nd thi~ ~
, mwtgsge, esch and every, pronptly on the days respectively the same severalty become due. ~
3 2. To pay sll snd singula? the taxes, assessments, levies, liabil~ties, oWigarions and entumbrances of every nature sad kind now on isid deu~ibed
; properry, or that herealter may be imposed, suffered, placed, levied, or auessed thereon, w thst hereafter may be levied or assessed upon this MortQ~
~ age, or the indebtedneu secured hereby, each and everyr, when due and payable, accwding to law, befwe they become delinquent, ~nd befwe any intere~t Om
R: a+taches a any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALI BE PROMPiLY SATISFIED AND DISCHARGED OF
RECORD AND THE ORIGIhAI OFfIC1Al OOCUMENT (SUCH A5. FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALIY ENDORSED
; OR CERTIFIED) SMAII BE PIACED IN THE HANOS OF SAID MORTGAGEE WIiHIN TfM OAYS NFXi AFTER PAYMENT; and in the event that any thereof is not
- paid, sat'sfied and discharged sa'd MORiGAGEE may at any time pay the same w a~y part thereof without waiving or affetting sny option, lien, equity o~
? •~pM under or by virtue of this mortgage and the fuli amount of each and every svch paymem shall be immcdiately due and payable a~d shaH bear interest
` ~rom the dste thertof unril paid at rore of nine per ~en?um per annum and together w~rh such interest shall be uca~r~ by the lien of th:s morgla9e, I
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