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THIS INDENTURE. Mad~ the 5th day of 'July ...rf„~~ ~L A.D. 19 73 - betwNn
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Raynon L. SpiveY and Bron L. Spivey~ hi~ wii ~
oi ~t~
LuC ~ Ca~nty Florida. h~reinahtr d~iign+red u iM "MORTGAGOR," and FIRST FEDERAI SAVINGS AN~ LOAN
ASSOCIATION OF FORT PIERCE. a cwporata~ wy~nized ~nd ~xiitinp u~dk tM laws of tl» Unitsd St~ta of M+tric~ and Mvinp i» principd plac~ of '
bu~irnu M IM City of Fat Pi«u, St. Luci~ Couny, Fiorida, h~r~inah~r d~siy~~t~d aa t1w " G " ~ 1
""g~,~~i. o0
WHEREAS tM MORTGAGOR is jvatly irwlsbt~d to the MORTGAGEE in the sum of = , pood and lawful mo~ey of the Unl~ed `
Stat~s advanced by tM MORTGAGEE umo ths MORiGAGOR, as evidanced by a cert~i~ promiuory nott of even date herewith, of which tM followinq in ~
~w«ds ~nd fipurt~ is a trw copv. ~owit: ~ 10020~38 ,
25,200. ~~c~
Fort Pierc~. Flaida. J~y S~ 19 #
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Fa value received, I, we w either of us, pro~~~qi~`wjl¢Q~t defalca~ion, to the order of FIRST FEDERAI 8VO S ANO IOAN ASSOCIPTIOt~ OF i
FORT PIERCE a? Fat Pi r e, ~da, the sum of W with interest (rom date at the rate of ~ 96 per annum, in mo~?thly inst•It-
menrs as foltows: = 1~~~ ~ on the 2 h~y of ctober ~9 ~3 and ~ like sum on the correspond~ig day of each month therr
after until tlx whote be fully paid. "
Each instatlrrront first shall be applied in psyment of the i~te~est snd then on ths u~paid bal+nce of the prinNpsl sum. If deiauh is msde in th~
payment of any in~taltment when due, and such default continues 30 days, then ~t the option of the hotder, and without any otFxr notice, all the remaining
~nstallments shall be due a~d payabfe at once, Privilege is given to prepay this note in whol~ or In part at any time without penaly. Neith~ ~~bear~nte,
nor acceptance by the holde+ thrreof after any de(ault in any payments hereon, shall be dcemed extension. A Iste paymeM charye of ~ 9~ ~ shall b~
added to each inslallment remainir~g unpaid 7 daya aftar its due date, ar?d a like sum sha~~ bc added to each such installment remaininy unpaid 7 days after `
each svccecding payment date_ • }
Each maker, surety and endwser hereof,•jointly and uveralty, waives demend, p?esenrment prote~t end notite of p~otest for nonpayment, and fuhher ~
agrees to a+?y ex?ension of time of payment, either before or after maturity, without notice to any of vs; and to pay all costs of collection, includi~p a
reasonable attwney'~ fee in the event of any default hereunder, a~d hereby severally waives atl be~efit of homestead and exemption untk~ the tonstitution
a~d laws of each State of the tlnited States, as agains! this obligafion a any exteasion or renewal hereof.
Witness the hand and seal of each party. ~
~ cs~au #
s/ Rayaon L. Spivey ~U
ts~wu
s ron . p vey ~
$39.80
( ~ StsM Revenve
(iti~wp~ tw~ealia~F~a+~1g1~wM wo~e)
NOW, THEREFORE, the MORTGAGOR fw the purpose of secv?ing p~yment of ssid sum of Z 2 5~2~~~ snd the performs~ce of ths `
covenants and sgreements hereinafter expressed, and for diven good and valuabk consider~tions, by these presents, does grant, b~ryain, selt, ~emise,
release, convey +nd confirm unto the MORiGAGEE, iri ivccessors and auigns, all that cert~in lot, piece w pute) of larxl, sitwte, lying, aed beiny i~ tht
Cqunty of St • L11C3.@ and Sate of Fbrida, de~cribed ~s folbws:
The North 110 feet of the South 410 feet of the Bast 125 feet of the Nw?~
o! the NB'~ at the NB4 of Section 7~ Township 35 South~ Rarige 40 Bast,
St. i.ucie County, Flor i~
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~ E o~ FL-~QRQQA? ~ ~a
• `Y' s-tp,~ ~Y ~....y, ~ O IN PAYI~IEt(i QF i
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o~ o DfPt• f, ' " • iIECEt~' IN11WGi8lE PfRSO~ PPfi'E:;.`E, t
~ ~ ~ ER 72-134. ~S ~ 191i. ~
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fogether with ~N and singvlar the teneme~u. F~erediuments and ~ppurt~nces therevmo belonyin~ w in anywise ~ppertsininy thereto. ~nd all renb. issws, ;
~ proceeds and yrofits stuuing and to acuue from said premixs, all of which are irxluded i~ ttK sbov~ and fore~oinp descripfan and Mbendum. •
~ TO HAVE AND~R~~p the above desuibed and granted premises unto the taid MORTGAGEE, its successors and usigra forsvsr. Md th~ s~id
~ MORTGAGOR aZe heus, executws, ~dministrators snd auigra, hereby covensnis with the said MORTGAGfE, iri wccesfors ~nd assi~% i
that tf~ Iawfully seized of tFx said premises in fee simple; ~haf the ssme are f?ae, ckar and dischuged from all I'~an u~d encum- ~
~ brances in law w in equity, and that thev W~~t their hein shall wursnt and defend tM titk to the s~ms to the said ~
MORiGAGEE, its svccessors and assigns, fwever against tha I~wfvl claims and dem~nds of all persoro; f
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PROVIpfD, AlWAYS thst if the MORTGAGOR shall p~y uMo the MORTGAGEE the promisswy note hereinbefore destribed u~d shal) trvly, promptiy
? and fully p~~form, dixhsrge, execute, compkte, compty with ~nd abide by each and every the ~tipulaliau, spreemenri, condit~au ~r+d covenanb of t~id
; p~omissory note and of this Mortgsge, then this Mortgsge and the Estate hereby ueated sh~ll cease and be null snd void. ~
't IT IS UNDERSTOOD thst the wwd "Mortgsgor" whether in tha singular w plural ~nywhere in this Mwtyspe, sMl) be sinpulu if one only and
i shall be plural joi~tly and severally if more than one, and thaf the wwd "their" ~s u~ed snywhero in tha Mortyage ihal) be taken to mtan "his:• •'hers•• ~
or "its," wherever the context so implies or sdmits. Also, that wFxrever there a s refe~ence in the covenants u~d ~yreements herein oontained to any of ~
; the parties heroto, the same ahall be tonstrued to mean u well as the heirs, leqal represent~tives, wccesson and auigrn (either vduntsry by act of tM
parties w involumary by operation of the lawl of the same and ~ha! the covenams herein contained sh~ll bind ~nd the bene(ib snd sdvsntapp iewr~ ;
~ ro tF~e rdpective he'us, legal repreuntatives, successors and ass~g~s of the parties hereto.
Md said Matgagors, for themtelrei and their heirs, legal rep~esentatives, sutcesson snd ~uigea, hereby jointly ~nd ~everalty cova~ant and ayree f
_ to and with the wid MORTGAGEE, its successo~s and augns: ;
~ 1. To p~y alf and sinpvlar the principal and ime~es~ and tbe vsrious ind svndry sums of morxy pay~ble by virtue of said promiasory note, ~nd this ~
: mwtyage, each snd every, pr«nptly on the d~ys respectively the same severally bec«ne due.
2. To pay all ~nd s'upula~ the taxes, assessmenti, levies, liabilities, obligatwns ~nd encumbr+nces of every n~ture ~nd kind now on said described
; Property, w that hereafter may be impoted, suffered, ptxed, levied, or aueusd thereon, w/Mt hneafter msy be levied or sssessed ~pon this Mortg ;
age, w the indebtedness secured hereby, each and every. when dve +nd pay~ble, xcordinp to Isw, befa~ they become detinquent, ~nd befa~ any interes~
attaches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RECORO THE SAME SHAII 8E PROMPTLY SATISFIED AND DISCNARGED OF ~
_ RfGORD AND THE ORlGlNAt OFFICIAL DOCUI~IFNT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION VAPER OFfICIAILY ENDORSE~ ;
OR CERTIfIED) SHAII BE PLACED IN THE HANDS Of SA~D MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; and it? the evenf that any fhereof is not
pa~d, ssYsfied +nd dixharged sa:d MORTGAGEE may st i~y time pay the same p any psrt tbereof withotrt waiving w affectiny ~ny option, lien, eqvity or
•~qht ~nder or by virtue of thii mortgage and the full amount of each and every such psyment shall be immediately due and payabk and shall bear interest
< <<om the date thereof until p~id at rate of nine per centum per an~um and toyether with such interest sh~ll be secu~ed by tf~e lien of t?r:s morgtspe. ;
g SOpX ~1~ Par,f
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