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Home My WebLink About0368 , 258395 THIS IPIDENTURE. Made ~ne 3td day of J~~y A.~. 19~~..., between David R Scott and Thelma Scott, his ~rife ' - of $t . WCie Counfy Florida, hereina(ter deigna~ed as tM "MORTGAGOR," and FIRST FEOERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, + corporation orga~ized and existing under ths laws of ths Un~ted Statos of Americ~ ~nd havinp iti principal place of bus;neii i~ 1M Ciry of Fo~t Pierce, St. luc~e Gounty, Flwid~, he~einafter des~gnated as the "MORTGAGEE:' WHEREAS the MORTGAGOR is justly indebted to ths MORTGAGEE i~ the sum of : 2 S LQ~O. ~0 , good and lawful money of the Un~ted States advanced by the MORIGAGEE unto the MORiGAGOR, as evidencrd by a certain promisswy note of even date herewith, of wh~ch the (ollowing in words and figures is a true copy, to-wit: s25.000.00 No10020136 FoA Pierte, Flwids, .JU1V 3 19~~ Fa value received, t, we w either of us, promise to pay, without defalcation, to the order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE at Fwt Pierce, f{otida, the sum of S?S:O0~•0O - w,~h interest from date at the rate of per annum, in monthly inslall- ~,:ents as fol!ows: Z2~ on the 2OLh day of November , 19 73 and a like sum o~ the correspond:~w~ day of each month there- afier until the whole be fully pa~d. Each insrailment first shall be appl~ed in payment of the intereat and then on the unpaid balance of the prinupal sum. Ii default is rnade in the ~ayment of any installme~t when due, and such default continues 30 days, then at the option of the holder, and without any other notice, all the remaining ~~~stallments shall be due and payable at onte. Privilege is given to p?epsy this note in whole or in part at sny time without penalty. Neither forebeara~ce, nor acceptante by 1he holder thereoi after any defautt in any payments hereon, shall be deemed extension. A late payment tharge of s 1O!~- shall be _dded to each inatallment remaining u~pa~d 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 dayi after each succeeding payment date. Each maker, surety and endorser hereof, jantly and severally, waives demand, presentment protest and noti:e of protest for nonpayme~t, and further agrees to any extension of t~me of payment, either before o~ afte~ mafurity, wirhout notice to any of us; and to pay all costs of collectio~, includ~ng e rrasonable attwney's fee in the event of any default hereunder, and hereby severaily waives all benefit of homestead and exemption u:der the conatitulan and laws of each State of the United States, as against this obligation p any extension or renewal hereof. W;tness the hand and seal of each pa~ty. 5/ Davi d R Scot t ~nu (SEAL) ~ $ ~ 2he lma SCOt t (SEAI) cs~?u ' ( $37• S~ ~ State Revenoe ~ 2 5 000 . 00 NOW, 1HEREfORE, the MORTGAGOR fw the pu?pose of stcuring payment of said sum of = ~ and the performance of ths covenants and ag~eements hereinafter exp~essed, and for d~ve~s good and vsl~able considerat~ons, by these presents, does grant, baryain, sell, rcm~se, release, convey and conf~rm unto the MOATGAGEE, its succeuors and aasigns, all that certain lot, piece or parcel of Isnd, situate, lying, and being in the County of St. L11C1@ and State of Flwida, dew~bed ss follaws: Lots 19 b 20, Block 8, SJNLAND GARDENS, as per plat the reof on file in Plat Book 8, page 32, of the Public Records of St. Lucie County, Florida, STATE flF FLORlDA ~ p= DOCUMfNTARY ~.•-~~~,STAMP tAX ~ °c'~ ~ DfPT. Of REYEAIUE ,/i 4 j .a~ ~ riil '~J~~3 ~ ' w 3 7. 5 0 1 ; - _ ee. ~ _ o = ~~iot `r ~ l i I ~ ~ ~ ,sc ~ ~ ~ 0~ NT 'M PA~ ~ pU~T~ 'C' 1 MfGlQ(E tE;~,1~ ~ T~ ~ p~~ ROGEIP~Po ~ S ~ 191~~1 ST. U1CfE i together with all and singular the tenements, hereditaments and ~ppurtantes there~nto belonging or in anywife sppertaining thereto, and all renq, issues, ~ proceeds and profits acvuing and to accrue from sa~d premises, all of which are included in the above and fo~egoing deacription and hsbendum. TO HAVE ANO 70 NOID the above described and granted premises unto tlx said MORTGAGEE, iri soccessors and assigns forever. And tM said ~ MORTGAGOR for --their he~n, executors, administrators and assigna, hereby covenants with tix said MORTGAGEE, its successas and auiyn~, ~ rhat -thQy aYe lawfully xized of the said premises in fee simple; thaf the same arc free, ckar snd diuharged from a11 liens snd e+xurr~ ~ brances i~ iaw or in equity, snd that thev Wi11 and their heirs shall warrant and defend the title to ihe ume to fhe s+id MORTGAGEE, its successws snd assigns, forever against the lawful claims and demands of ell persons; PROVIDED, ALWAYS that if the MORTGAGOR shsll pay unto the MORTGAGEE the prom~ssory rate hereinbefore dewibed and sFull truly, promptty ' and fully perform, d~scharge, execute, comp~ete, comply with and abide by each and every the stip~lations, agreements, conditions and covensnts of said promissory note and of this Nbrtgage, then this Mortgsge a~d the Estate hereby crested shall ceass and be null and void. ~ - IT IS UNDERSTOOD thst the wo~d "Mwtgagw" whether in the singular w plura~ anywhere in this Mwtgage, sF~all be singulsr if one only end ~ shall be plural joimly and xverally if more than one, snd that the wwd "their" ai used anywhere in this Mwtgage shall be tsken to mean "his;' "hen;' or "its;' wherever the contc:t w implies w sdm~ts. Also, that whcrever there is a reference in the covensnts and sgreements herein conUined fo any of :S.s : t!~e p~rties hereto, the same shall be constr~ed to mesn as well ~s the heirs, tegal representatives, iucceuors snd afs~gns (either volunt~ry by act of the ~ parries or involuntsry by ope.arion of the law) of the same and rhat the covenants herein co~tained shall bind and tix benefits and sdvantaget inure ~ ro the respective hein, legal repreuntativcs, successws and au'gns of the p+rties hercto. s ~ And said Mortgagors, fw themselves and their heirs, legal reprexmatives, successors and augns, hereby joiMly and uverally covenanf and ~gree ~ fo and with the said MORTGAGEE, its successors and augns: 1. To psy all and sirgvtar the princ~paf snd interest snd fhe variovs and sundry suma of money payable by vi~tue of said promissory note, and thi~ ~ mort each and ev om tl on tF~e days respecfivel the s+me severall become due. 9~• ~Y. P~ P Y Y Y 2. To psy all and sirgula~ the taxes, astessmenti, levies, liabilities, obligations and encumbrances of every nsture and kind now on said dduibed property, or that hereafter may be imposed, suffered, placed, levied, a auessed thereon, oi that heresiter may be levied or assessed ~pon this Mort~ aye, w the indebtedness secured hereby, each and every, when due and payable, according to Isw, befue they become delinquent, a~d before arryr iMerpt ~ arraches w any penalty is ir~curred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTtY SATISfIED AND OISCHARGED OF ~ RECORD AND THE ORIGIhAI OFfIC1Al DOCUMENT (SUCH AS, FOR tNSTANCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFFICIALIY ENDORSED GR CERTIfIED) SHAII BE VIACED IN TNE HANOS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; •nd in the event thst any there~f is not ~ pald, saYsfied and discharged sa:d MORiGAGEE may at a~y time pay the same o~ any part thereof withovt waiving or affecting any option, lien, equity or •~qht under w by virtue of fhis mortgage and the full amount of each and every such payment shall be immediately due and payabk and shall bear intetest f.om the date thereof unril paid at rate of n~ne per centum per annum and togNher w~th such interest shall be ucured by the lien of th:s morgtsye. £~R~ ~~U °AGE CJ~~ ~ ~ " ._x, ~w : - ~