HomeMy WebLinkAbout1527 25918~
THIS INDENTURE, Mad~ the SLh day of Ju~'Y , • , A.D. 19~.~ betweN?
Codv L~Bailey and Carolvn A. Baileyj his wife
of St . Ll1C ~@ Co~,nfy Florida• Mf~IMftN d~signared a~ tM "MORTGAGOR," ~nd FIRST fEOERAI SAViNGS AND IOAN
ASSOCIATION OF fORT PIERCE. • corpor~tan orqanized ~nd ~xisiinp w?de~ ths taws of tM Unit~d Slat~s of Arr?~rk~ and havin0 in princFp~! plac~ of
bu~in~ss in ~M Ci~y oi For1 PiKCe, St. l~ci~ Gounty, Fbrida, hereinait~r d~fi~n~~ed ~s tM "MORiGAGEE:'
WHEREAS th~ MORIGAGOR is jwtly ird~bt~d to ~M MORTGAGEE in ths sum of i2~6 ZSOO. ~ ~~M,ful mon~y oi the Un~ted +
States ~dvanced by tha MORiGAGEE unto ths MORTGAGOR, as evidenced by a tenain promis~wy note of even d~te he~ewith, of which tlw followirp in ~
wadi ~nd fp~ret is a trw topy, to-wit:
s2~,+,800, 00 ~~,10020~41
Foct Pierc~. Florid+. ~ulv 19 73 -
fw value raceived, we o~ either of us, prom~se to pay, without defalcation, to ths wder of FtRST fEDERAI SAVINGS AND LOAN ASSOCIATION OF ~
FORT PIERCE at Fat Pierce, Fbrida, the sum of =236 ~8~.0~ _ W;th intereit from date a1 the rate of 8• 0% per annum, in monthly :nst~l4
mentf is fol!ows: S 1~ 9~3' ~ on the 20th day of Janua rv -~9 74 and • liks sum a? the" correspondiny day of each month thet~-
aher until the whole be fully paid.
Each installmenf first shs!! be applied io payment of ths interest and then a? the unpaid balsnce o( the printip~l ium. If defsult is ir?ade in the ~
Fayment of ~ny instal{ment whe~ dus, and such default continuei 30 dsys, then at the option of the holder, and without sny other notico atf the remaining I
J ~nstallmenb ihall be d~e and payabk at once. Privileye is yiven to p?epaY this rwte in whole or in psrt at ~ny time without penalty. Neith~~ torebearance. i
J nor accept~nce by the hotder ihereof after any defavlt in any payments hereon, shall be deemed extension. A Iste payment th~r~e of ~ 99 • ls shall be ~
`~1 added ?o each instaltment remaining unpa~d 7 days after its due date, and • like sum shall be added to each such installment remaining unpaid 7 dsyi after
each sutceedi~g payment date. ±
Each maker, surety and endorser he~eof, joinrly and sevenl~y, waives demand, prese~tme~t protest and notice of protest fw nonpayment, snd further }
agrees to any extension of time of payment, either before or after maturity, without not~ce to any of us; and to pay all costs of collection, irxtudiny e
reasonable attorney's fee in the event of any defautt hereunder, aod hereby severally waives all benefit of homestead and sxempt;on under the co~stituta~ ~
and Isws of each State of the Uniled Ststes, as against this obligation w any extensiw? or renewal hereof. ~
!
~ Wetness the hand and seal of each party. '
~ S/ Codv L. Bailey ~~U
csEaq
S/ Cazolyn A. Bailev ~
~ r
$355.20 ~U I
- ( ) State Revenus
~Sti~~7~7MiA1Rk01Cat~1WC 71R~ ~
NOW, THE~EFORE, the MORTGAGOR for ths purpose of securing payment of said sum of = 236 ~ 8~ and fhe performaece of th~
coven~n/s and agreements hereinaftd e~p?essed, snd fw divers good a~d valwble considerations, by ihese presMri, does grant, barqain, xll, remise,
.eleass, convey and confirm u~to the MORTGAGEE, in iuccessors ar~d assigns, all that certain bt, piece ot pucel of Isnd, tituste, tying, and beinp in ths
County of S'C . Lueie and State of florida, described as follow::
Lots 16, 17~ 18~ 19, 20, 21~ 22~ 23~ 24, 25, 26~ 27~ 28, and 29, B1oCk 1 D
AND
Lots 3U and 31~ Block 1 E
AND
i
The South 13.5 feet of that part of Lo~nell Road lying bet~reen Block 1 D and ~
Black 1 E, all in SAN LUCIE PLAZA SUBDIVISION, UNIT l~ according to the plat ;
thereof r¢corded in Plat Book 5~ page 57 of the pub2ic recozds of St. Lucie
County, Rlorida ~
;
,
STATE oF ~t.._ORlDA ~ i
; oZ DOCUMf NTA~Y STA M P i A 3: ~ ;
D ~h 4a;~E~ nt
c'+ ° OEPJ. OF RE~EN{~~ ' ` f I=~~'~yu"-~~ PERS~(~'t p l~Ry i
~ K~ - ~a. = ~~~3 3 5 5. 2 01 RECE?o
~ ~N~ ,1~,, ~S 3n~
(h r M'
E = nint `ti.. ' 0?1F-~ t0 ~ P~1'~ tE
o ~ R~~ t Sj, LU~
€ . . . . . . . . . . . . ~~Ij (p11i1.
I
~
together with all and singular the tenements, hereditamenh and appurtances thereunto belongirg w in anywise appertaininp thereto, ~nd all re~ri, iuues,
s proceeds +~nd profits sccruing and to sccnre from said premises, sll of whicA are included in the sbov~ and fweyoirg description and habendum.
i TO HAVE AND TO HOLD the sbove described snd granted premises unto tFe said MORTGAGEE, ifs stxceua~ and auiyns fwer~r. Md tM said ~
' t he i,Y
MORTGAGOR fw hein, executon, administrstors and auigns, hereby covenanri with the said MORTGAGEE, iri sucteuora ~nd auipns,
r the are
; that (awfuNy seized of the seid p~emites in fee simple; that the same sre free, dear and discharged from ~11 I'iens and enw~
brsnces in taw a in equity, .~,d rh,~ they N,i~) i~ their hein sh+ll warrant u~d defend tFw title to the same to ths said
MORTGAGEE, its successus and auigns, fwever against the lawful claims and demends of ~II peraaq;
PROVtDED, ALWAYS that if tF?e MORTGAGOR shall p~y unto t1~e MORTGAGEE ihe promissory rate f~e?einbefote described and shall frvly, promptly
i and fully perform, diuharge, execute, comptete, comply wirh and abide by esch and every the stipulstions, ayreemenri, conditiona and covenanri of said
: prcmiswry note and of this Mortgage, t}xn this Mwtg+ge snd the Eitate hereby ue~ted shall cease and be null ~rd wid.
t IT IS UNDERSTOOp that the word "Mort9sgw•• whether in the iingular a plwsl anywhere in lhis Morrg~pe, shalf be sinpulu if ont onty and ~
shall be plural jointly and severalfy if mwe than one, aod that the word °theu" as +ned anywhere in Mis 1Mortg~ye sMll be tsken to me~n "his;' '1xn;' 4
or "its;' wherever the context so implies a admits. Also, that wherever thero is s refe?ence in the coven+nts and agreemenq herein tontained to any of i
the parties F~ereto, the same thall be co~strued to mes~ as well as the Mein, kyal representativp, tvccessors ~nd auipns (either voluntsry by xt of th~
t partid w involuntary by operation of the kw) of tF~e ssrrM and that the covenants herein cont~ined shall bind ~rd the benefib and adw~tayes inun ;
~ ro the respective heirs, le9al representatives, succeuws snd su'rg~s of the pa?t~es hereto. !
Md said Mortgsgors, fw themselves and tF~eir hein, legal reprexntatives, succeuors and suigns, hereby janlly and severally tovenant and ap~se
~ to and with the said MORTGACafE, ita successor: and auiyns:
~ 1. To pay ell and iir+Qular !}k princ;pal ind ;nterest and the various and sundry sums of money payabk by virtue of said promissory note, and thu
mwtgsye, each and every, promptly on tFx days respectively the ssme ieverally become doe. ;
_ 2. To pay all ~nd singuls~ the taxes, sssessments, levies. liabilities, oblig~tian and sncwnbances of every nature and kind now on iaid desaibed
3 property, p that here+fttr may be impwed, svflered, placed, lev;ed, a suessed the?eon, or thst hereafter may bt levied w usessed upon thia Matg '
; ege, a the indebtedneu secured hereby, e~ch and every, when due and p~yable, sccordinp to law, befw~ they become delinquent. ~nd b~fort ~~y interest
~ attathes or sny penilty is inturred; AND INSOFAR AS ANY THEREOf IS Of RKORD THf SAME SHALI dE PROlY1PilY SATISFIE~ AND DISCHARGED OF i
f RECORO AND THE ORIGINAL OFfIC1Al ~OCUMENT (SUCH A5, FOR INSTANCE. THE TAX RECEIPT OR THE SATISfACT10N P/1PER OfFICIAIIY ENOORSED
; OR CERTIFIED) SNAII 8E PlACEO IN THE MANDS OF SAID MORiGAGEE WIIHIN TEN DAYS NEXT AFTER PAYMENT; snd in the event that arty thereof » not ~
: paid, sat'sfied s~d diuharged sa:d MORTGAGEE may at any time pay the same w a~y part thereof without waiving ot slfectin9 sny option, lien, equity p ~
= •~aht ~nder o~ by virtue of this mortgage and the fvll amount of each and every such payment shall be immediately due and pay~ble and shall be~r interest `
~ F.om the da+e thereof until p~id at r~te of nine per centum per annum ~nd toyether w~th such interest sMll be secured by the lien of th:s morptaye. S
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