HomeMy WebLinkAbout2178 2594~3'7
THIS INDENTURE. AA+d~ tht St h day of Ju 1 y . A.O. 19_~.. b~twNn
Pharis I Motes,~ Jr. and Bo~nie Jz Motes, his ~fe
of SL . 1.11C1@ Cpy~~y florida. Mnin~ftK deiqMted is tl+~ "MORTGAGOR;' snd FIRST FEOERAL SAVINGS ANp IOAN
ASSOCIATION OF fORT PIERGE, ~ torpaation orp~~i:~d ~nd exi~tinq w+d~~ tM I~va of tl?~ United Sr~t~s of Am~rka ~nd Mvinp its prir?tipai pi+c~ of
buur?~ss In rM Gity of fo~t Pierc~, St, lucl~ Covnty, Florida, herei~after d~iiynated tM "MORTGAGEE:'
WHEREAS tM MORTGAGOR is iustly indabted ro 1M MORTGAGEE in tM sum of ~ 19 , good and lawful money uf the United
Srates ~dvenced by th~ MORTGAGEE unto the MORTGAGOR, a~ evidenced by ~ certain promiuory not~ of aven date herewirh, of wh~ch 1ha followinp in
w«di ~nd ip~rei is ~ trw copy, ww;t: '
f 19 ~ o00 . 00 10~201 a2
Fort Pierce. Florid+. Jul~L S 14~., ?
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Fw value rcceived, 1. we a either of us, promix to pay, without defslcari,x~, to fhe order of FIRST FEDERAI SAVINGS AND LOAN ASSOCtATION Of
FORT PIERCE at Fort Pierce, Florida, the sum of ~19 ~0~•0O w;th interest from date +t the ~ate of 8~ 0 96 ps~ annum, +n monlhly in~tall-
~ rnents as follows: i 159_QO 2Utt~y of Octo6er , 191~._ snd a tiks sum on the correspond~ng day of each mo~th therr
~ affer untit the whole be ~ufly paid.
Each installmeM firat shall be ~ppl~ed in paymeM of ths interest end then on the unpaid balance of ~he principal sum. If def~ult is mad~ in the
paYment of any instillment when due, and such defavlt continues 30 days, then st the optio~ of tf+e fwtder, a~d without any other notice, all the ~emaining
installments ~hall be due and payable af once. Privileqe is giver+ ro p~spay this raro in whole w in part af any txne withoW penalty. Neither faebearance,
~ nor accep~ance by the holder thereof afte~ any defsult in any payments hereon, shail be deemcd extension. A lats payment charge of =..._7•45 shsll bs
~ added to each i~s~allment remaining unpaid 7 days after its due date, and s like sum shall be added to each such installment remaining u~paid 7 days after
~ each succeedirg payment date.
` ~ E+ch makcr, surety and endorser he~eof, jointly and sever~Uy, waives demand, paesentmen~ protest and ootice of protest fw nonpayment, and fvrther y
~ agrees.to aoy extension of time of payment, eitl+er before or after maturity, without notice to any of us; and to pay all msts of coliccfion, including a ~
reasonabk attorney's fee en the event of any defauh hereunder, and hereby severelly waives all benefit of home~tead and exemption u~der Ihe constitWion '
~ and laws of each State of the United States, as against th:s obligation or any eatension or rcnewal hereof.
~
~ Witness the hand and seal of each party.
S/ Pharis I. Motes, Jr. ~q
,
(5~?U
~ ;
~ sl Bonnie J_ Motes ~y ;
~ $28 . SO (s~?U
f ~ State Revtnve ~
~ l6mmp~nedlsbae~~a~
NOW, THEREFORE, the MOQTGAGOR fw the purpose of securirg payment of said sum of = 19 ~ 0~• ~ . ~nd the performsnce of ths
„ covenan» ard aQ.eemenn he~einsiter expressed, and fo~ divers good ~nd wlwbte considerat~ons, by thes~ presenta, does grant, baryain, sell, remix,
release, convsy snd confirm unro ths MORTGAGEE, its succeuori and auigns, all that certain bt, piete or puul of tand, situat~, lying, and be'ug in the
Co~nty of St . I~1C 1@ ' , u~d State of Fbrida, dewibed as fottows: ~
v
Lot 13, Block 140, LAKBWOOD PARK UNI2 11, according to the plat thereof as recozded
ia plat book il at pages 32A; 32B; 32C and 32D o~f the Public Recorda of St. I.ucie ~
County~ Florida~ ~
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~ STATE oF FL(JRlDA ~
c= ~ DOCUMENTARY ~ STAMP 1AX ~
N DEPT. Oi RE1/ENtiE ~ • '
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~ togethet witb s{! snd singular the tenemmts, hereditsmenri and appurt~nces fhereunto belonging w in anywise appertsining fhereto, ~~d a0 rents, issues,
~ proceeds and profits acuu~ng +nd to acuue from ssid premises, all of which ue inctuded in the ~bovs ~nd foregoing description and hsbendwn.
~ TO HAVE AND TO HOLD the above dexribed and yranted premises unto the said MpRTGAGEE, iti successors ud ~uigos forev~r. Md t!M s~id
~ MORTGAGQ R for theil ~~n, executors, ~dmin7srrarws and ass' na, her
~ LDe are '9 ~~~^n with th~ uid MORTGAGEE, its successors and ~ssipro,
; ~hat ~awfully se~zed of rhe said prem;ses in fce simple: that the s~me are frce, ckar and ducharged from ~II liens and eixwo-
brarxes in law or in equity, and that thev will and their hein sh~ll wsrrsnt snd dcfend the title to fhe same fo 1M said
MORTGAGEE, its successors and iuigns, forever sg~inst the lawful claims and dem~nds of all persons;
;
PROVIDED, ALWAYS that if fhe MORTGAGOR shsll pay ~nto the MORTGAGEE tF~e promissory oote hereinbefwe deuribed and shall t?uly, promptly >
and f~lly perform, diuMrge, execute, compkte, comply with ind abide by esch ~nd every the stipulstions, ~greemenri, conditions •nd coven~,nn of uid ~
promiuory oote snd of this Mortgage, then this Mortgsge and the Estate hereby ueated ~11 ceue and be null ~nd void. ?
IT IS UNOERSTOOp tMt the word "Mortgsger" whether in the s~ngular or plural anywhere in ti~~s Mwtg+ye, shali be sirguist if one only ~od i
' shsll be plurai jointfy and sevcrally if nwre than ons, and thst the wpd "thei?" ss vsed snywher~ in this Morigaye shall be taken to ms~n "ha," "hew;' '
~ cr "its;' whe.eve~ the context w impties w admits. Also, that whereva the~e is a referenct in the covenann and apreements herein oontainid to sny of
s rhe parties hereto, the same shall be construed to me+n a~ welt ~s the hein, iegal npresenrstives, waesson and suig~s (either volunt~ry by +ct of tM i
: parrie~ or envolunfary by operation of the bw) of the same a~d that the cover?snts herein contsined sMll bind ~nd the benefiri ~nd adv+Mapp irpx~
; ro the respective heirs, legel rcprese~tatives, sutcessors and ssvgns of the psrties hereto.
: Md seid Mwt g a g o rs, for themselves and their }xin, l e g~l re p resentatives, successors and su i gns, hereb y j o intl y and sevsrall y covenant and prte
~ to snd with the said MORiGAf'sEE, in successon and sss"~gns:
± 1. To all and si ~
psy ngular the principal and imerest snd fht various and iundry swnt of money pay~bk by virtue of ssid promitsory nota, and tha ~
5 m~xtgage, esch and every, promptly on the days respectively the isme sereroily become due.
` 2. 70 '
y pay all snd sirguta~ the taxes, assesanenb, lev'ies. lisbiliries, oblig~tions and encumbr~nces of every oarure and kind rww on said desuib~d ~
pruperty, or that hereafter may be imposed, suffered, placed, kvied, a~ueued t}~ereon, o~ tMt he?eafter may be levied or isseaed upon this Mwty-
; a9e, w the indebtedness secured hereby, esch and every, when dve ~nd p~yable, accordinQ to law, before they becane delinqueM, and b~fw~ u~y imerest ~
; atraches w arry per?alty is incvrred; ANO INSOFAR AS ANY THEREOF IS OF RKORD 7HE SAME SHAIL dE PROMPTLY SATISFIED ANO DISCHARGED Of a
~ RECORD AND THE ORIGI~fAI OFFICIAL DOCUMENT (SUCH AS, FOR INSiANCE, THE TAX RECEIPT OR THE SATISFACTION VAPER OFFICIAIIY ENDORSEO p~
! OR CERTIFIED} SHAII BE PIACED IN THE HANDS OF SAID MORTCsAGEE WITNIN TEN OAYS NEXT AfTER PAYMENT; and i~ tFie event thaf sny thereof is not
paid, sat'sfied snd discharged sa:d MORTGAGEE rrNy at sny time p~y the same w any p~A Ihereof without waiving or affecting any option, lien, eq~ity p
•~aht under or by virtue of this mortgsge snd the full ~mount of each snd every tuch payment shall be immediately due and payabte a~d shall beu inte?est
~~om the date thereof unti( psid at rate of nine per centum per annum a+~d toyefhea w:th suth interest shall be secvred by the lien of th:s moryta9e.
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