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Home My WebLink About1650 Y THIS fNDENTURE, +1Aad~ the llth d~y of .7L11V A.D. 19_Z.3_, b~~wsen - ~ Db~ J. McDonald and Sandra J. McDonald, his wife of Indian R iver ~ C~nfy Florida, htreinafqr d~tig~ated as tM "MORTGAGOR;' and FIRST FEOERAI SRVINGS ANO tOAN ASSpC1ATION OF FORi PIERCE, a corpwation ory~nized and extsr~np unde+ tM lawt of ~An Unitsd Statn of Am~rica and Mvi~p it~ pri~cipal plac~ of b~u~su in tM City of fwt Pierc~, St, luci~ County, Flwida, heninafta d~iip~a~ed as tM "lAORTGAGEE." . s WHEREAS tM MORTGAGOR is 'uatl ndebt~d 10 1M MORTGAGEE in ths sum of j_ 34+ I y~ , qood and lawfut money of 1he Un~ted ! States advanced ~y ths MORTGAGEE unto the MORTGAGOR, as evidencrd by a certain prcmiuory note of even dale herewith, of which the followinp In j words and tigurss i• a trw copY. towit; ? s 34 ~ 400 rr, 1~020176 Fwt Pierc~. Plwid~. July~, 11 ~__,_ty 73 Fw vafue received, 1, we w either oi us, prom~ss to pay, without defalca~ion, to the orde~ of FIRST FEOERAI SAVINGS AkD tOAN ASSOCIATION OF ~ FORT PIERCE at fat Pierce, florida, the sum of j 34+ 4~. w;th interest f~om date at ths rsta of8 • ~ °.r, per an::um, in rwnlhly iM16~1- ; menf3 af ~OIIOw3: =_266.0~ on the ~th d,y ot _Oetober ~ ~9 7 3 and a like sum o~ the corresponding day of each m~nth ti.e~e- 3 afrer until the whole be fully paid. Each installment first shall be applied in payment of ths interest and then on the unpsid balance of the p~incipat s.~m. If default is msd~ in the paymeot of any installmenl when due, and such default continues 30 days, then d the option oF the holder, and w~rhout any otl~er notiu;, all the remsino~g ;nsrallments shall be due and payab:e at once. Privikge is givcn to prepay this note i~ whok or in part at any time without pr_naity. Neither fweUeerance, nor acceptsnte by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payme~t charg~ of = 13 sfiall bs added fo tath instaltment remain~ng unpaid 7 days after its due date, and a like sum shalt be added to eath such installment remaini~r~ unpaid 7 days ~fter } each sutteedirg payment da?e. # Esch maker, :urery and endorser hereof, jointly a~d severally, waives demand, prese~tment protest a~d notice af proteu fw nonpayment, and further ± agrees to aoy extension of time of paymcnt, either before or after maturity, without ~of~ce to any of us; and to pay all costs of collectiort, includ~ng a reasonabte atrorney's fee in the event of any delault hereunder, and hereby severolly waives sll bcnefit of homestead and exemption undrr the constitution and laws of each S~ate of the United States, as agai~~at this obligstion or any eatension w rcoewal Fxreof_ Witness the hand a~d ual of each party. S/ Don J. McDon~ld ~AU ; " (SEALI (SeAU s/ Sandra J. McDonald ~ ~ $ 51.60 ) state Revenue (S+aw~~- srwallad ~w ~rigk~a(.rwq~ 34 400 00 ' NOW, THEREFORE, the MORTGAGOR for the purpose of secu?ing paymenf of ssid sum of S • • .+nd the performance of tM covenants ar?d agreemenrs he~einaiter expressed, and fw divers good and vatuable considerations, by these preients, docs prant, bar9ain, sell, ~emise, retease, convey and confirm unto the MORTGAGFE, its successors and aui9ni, all ihat certein bt, pieu or parcel of land, sifuate, lying, snd beir?p in the C~uny of St_ Lueie ,~nd Srate of Fbrida, dewibed a~ follows: ' ' ~ Lot 17', COASTAL OOVES L1NIT NO. 1, as per plat thereof on file in , Plat Book 10, Page 71, of the Public Records of St. Lucie County, Flor ida, ` , ~ t ~~~rA ~ - oF ~~S~PM4 , ~ S-~D?µ N ay=~.''~. ~T~ ^5~.64 ' , ~ ~~~v f R~v~N 3 : ~,P~•v~ ~y13 ' ~ , O=.. O i ~V` i ~ ; *e. ~ ~ ~aG i \1l0' t ~ ~ ~ ~ G IN PAYMEltf ~ j~ , RfGfN~ INj1W~I8lE PEA~'l~t P'ftOPER1'1~ t ,~y{~pl ER 71-13~1. IIC~S OF 19I1. I pURS11ANT ppITR1~ ; ~ (~pURT~ St. UICIE ~ : r ; together w7th all snd singular the fenements, hereditamenri snd appurtances thereunfo belonging or i~ ~nywiu sppertsining thereto, and all rents, iuues, o:oceeds and profits accruing and to accrue from sa~d premises, aH of which are incl;ided in the above and fwe~oing descriptron and habendum. TO HAVE ANO TO HOtD the above described and granted premixs unto the said MpRTGAGEE, its successws u~d assigns foreva. And th~ s~id MORTGAGOR for heirs, executas, sdministrators and assigns, hereby covenanri with fhe seid NWRTGAGEE, in suaeswrs ~nd ~aiyru, ihat lawfully uized of the said premises in fee •imple; that the same ~re free, ckar a,nd diuharged from all lie~s and erxurt~ brances in law a in equity, a~d thst th~ will snd thA~ hein shall wsrrant and defend the title to the same to the s~id MORTGAGEE, its svccesso?s and assigns, forever against the Iawful clsims and demands of sN perswu; PROVIOED, ALWAYS thst if the MORTGAGOR shsll pay unto the MORTGAGEE the ptomissory note hereinbefae destribed and shall huly, prom tI ' P Y nnd fully perform, disci?arge, execute, complete, comply with and abide by each and every the stip~lations, agreemenri, conditiora and covenanri o1 s~id promissory note snd of this Mwtgage, then this Nbrtgage and tl~e Estste hereby veated shail cesse and be nvfl and void. IT IS UNOERSTOOD thal the word "Mwtgagor" whether in tFr_ singutar or plu~st anyvrhere in this Mwtgags, shall be sing~lar if wro only and shal! be plursl joinNy snd ~everally if more ti~an one, and that the wwd "their" as used snywhere in this Mwtg~ge shall be taken to me~n "his;' "hen;' or "its;' wfxrever the co~teat w impiies w admits. Alw, thst wherever there is s re(erence in the covens~n and agreemenri herein cont~ined to ~ny of ~ the partiea hereto, the same thatl be construed to mean as wel! as the F~eirs, kgal representatives, succexsws snd ~uiyra (eithcr voluMary by aet ofi the parties or involuntary by ope?ation of the law) of the same and that the covenann herein contained shsll bind and the benefits and ~dvantayes iMxe ~ to the respective heirs, legal representatives, succesiors and au'gns of the psrties hereto. And taid Nbrtgagors, fw themsetves and ~heir hein, legal representatives, svccesfon and auigns, hereby joinfly and severally coven~nf and ayrse ~ ro and with the said MORTGAGEE, its successors and assigns: v 1. To pay all snd singular the {xincipal and intereat a~d the vario~s and sundry sums of money paysble by vi~tue of wid promissory note, u~d this mwtgaye, esch and every, promptly on the days respetlively the ssme severalty become due. ~ 2. To p~y all and ~ingutar the taxes, ssusunents, levics, Nabilities, obliqations and encumbrsnces of every nature and kind now on said described W~ ~roperty, or tMt hereafter may be imposed, suffered, plated, levied, w auessed thereon, a tMt hereafter may bs levied w usessed upon this Mort¢ w' age, or the indebtedness secured }xreby, esch ~nd every, when due u+d payable, sccordiny ro faw, before they become delirquent, ~rsd before arty i~terdt f attaches or any penahy is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALL 8E PROMPTLY SATISFIED AND DISCHARGED OF pcv ~ RECORD ANO THE ORIGINAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSEO v i OR GERTIFIED) SHALL BE PLACEO (N THE HANDS Of SAIO MOR7GAGEE WITHlM TEN DAYS NEXI AFiER PAYMENT; snd in the eveM that any tfiereof is no1 p~ ~ paid, sat sfied snd distharged sa:d MORTGAGEE may at any t~me pay the same or a~y part thereof without wsiving or affecting arry option, lien, ec~uity p ~~qht under or by virtue of this mortgage and the (ull amount of each and every such payment shstl be immediatety due and payabk and shal! besr inte~qt ~rom the date thereof vntil paid at rate of nine per centum per a~num and together with such interest s!?~II be xcured by the lien of th:s mot9ta~e. ~ , . ~ ,'W , ? . 4 ^ ~ W y~- . s~- ^=r'-,~.y ~ ~~d`~^ ~ ~--s"-• - . ~.~..n.,_. .