HomeMy WebLinkAbout2187 lL''
CORRRC'I'IVE MOR1`GAGE
' 2~44
THIS INDENTURE. M~dr' th~' ~ 22hd dsy of June - 19_~. between
Frances R. Bost, a rridaw and James A. Gaskill and Nancy M. Gaskill, his wife
of St • l.ucie ~q~~~y Flwida, Mreinafta deiignated aa tM "MORTGAGOR," and FIRST FEDERAI SAVINGS ANO LOAN
ASSOCUTI~N Of FORT PIERCE, ~ corporation pryanized and existiny u~da tM lawi of tM United St~t~s of Amt~iu and havinp it~ p~incipal plsce of
butineu tn tM City of Fort Pis~ct, S!. lvcis Counry, Florid+, i~erein~ftt~ desiynated IM "AAORTGAGEE."
WHEREAS th~ MORTGAGOR is justly i~debted to tM MOilTGqGEE in the iu~n oft r1"2s ~0~~ good and tawful mw~ey of the United
Sfates advanced by the MORlGAGEE u~to ths MORTGAGOR, ss e~iderxed by a catain proknissory nole of even date herewith, of which the followinQ in
vforda and tigurea is a trve copy, towit;
s 12 ~~,Q .00 ~ I0020068
fort Pierce. Flwid~, June 22 19,~_ .
For valve received, 1, we or either of us, prom~se to pay, withoul defalcation, 10 ~he order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF
FORT PIERCE af Fwf Pierce, Fbrida, the sum of s 12~~~~0~ w;~h interest (rom date at ~he rste of 8~0% per annum, i~ mwrthty instail-
.nents as follows: = 10Z~~ on ths 2Oth dsy of A~9u5t , 19 73 and a tike sum on the correspond~ng day of each month the~e-
afrer untit the whole be (ully paid.
Each installment firsl shsll be applied in payment of the interest snd then on the unpaid balance of the princ~pal sum. If defavlt is made In the
payment of any installment when due, and such detauH cont~nues 30 days, then a1 iha oE,YN,n of the ha:dcr, and wishout any c+the~ notice, all the remaininy
~nsro(Iments shalt be due and payable ar once. Privilege i~ given to p~cpsy this note in whole q i~ part at any time without penalty. NeitFxr forebears~xs,
nor acceptance by the holder thereof after any default ie? any payments hereo~, shall be deemed extension. A late payment chsrge of i--~~y shall be
added to each instaflment rcmaining unpaid 7 day~ aiter its due date, and a like aum shall be added to cach such instailment remaining unpaid 7 days effer
each sucteeding paymeN date.
Each maker, surety and endorser F~eof, jaintly and severally, waives demand, presentmcnt protest and notice of p~otest fw nonpayment, and further
agr~ to any extensan of time of payment, either betore w afler ma?urity, without notice to any of us; and to pay all costs of cotlection, inctuding a
reasonable attorney's fee in the event oF any defau~t hereunder, and hereby severafly waives al! benefit of homestead and exemption under the cwutitutior?
a„d laws of eath State of the Un~ted States, as against this obligation or any extrnsion or renewal hereof. _
Witness the hand aod seal of cach party.
(Se~U
s/ Frances R. Bosts a widow ~i~
(SEA~
Slg~~ ~ (SEAL) ;
( State Revenue
-ES?~.+'s~ «woeHed ar er?~Ind ~+vee~ '
NOW, THEREfORE, the MORTGAGOR fw the pu~pose of securing payment ol said sum of S 12! ~ and the performance of the
covenants and agreements he~einafter expressed, and for divers good s~d valuable tauiderations, by fh~se presents, does grant, bergain, sell, remise,
release, convey and confirm unto the MORTGAGEE, its successora and suigns, afi that certain bt, piece or pucel of land, situate, iying, aod bainy in the j
County of St. L11C~@ and State of Fbrida, dewibed +s foflows:
4 Strip of land, 50 feet~ m~re oz less, across the North side of the North 3.92
chains of the South 7.53 chains of Lot 1, Section 14, To~?nship 35 South~ Raage~
40 East; the said strip of 2and extends from the North side of said described
tract of 2and to a certain bay tree~ about 50 feet, more or less~ from the said
vozth line, pith all riparian rights thereunto belonging more definitely described
as follows: Comiaencing at a point 414.9 feet North of the Sauthwest corner of
Section 14, Township 35 South~ Range 40 ~ast; run North 83 degrees, 30 minutes East
308.9 feet to the water•s edge of Indian River; thence run in a Northwesterly dizec-
tion along the water*s edge of said Indian River 55.0 feet; thence run ~vest 289.7
feet to the section line of said Section 14, thence South 85.1 feet to point of
beginning, less a strip of Iand 35.8 feet wide across said tract of land~ lrnovrn as
Indian River Drive, all in Lot l~ Section 14, Tov~mship 35 South, Range 4U East~
according to a plat from an actual survey of said land made by F. E. Englar under
date of August 25~ 1932.
And also all rights~ title and interest of the Mortgagor to the South 11 feet of
Lot 6 of Price~a Subdivision located in Section 14 and 15, Township 35 South, Range
40 East, as per p~t recorded in Plat Book 4,page I4, pub2ic records of St. Lucie
County~ Florida.
j "TNIS IS A CORRECTIVE MORTGAGE designed to correct that certain mortgage of ever~ date
herewith recorded i» O. R. Book 215, page 2044, upon which all intangible taxes have
i been paid, James A, Gaskill and Nancy ~1. Gaskill, his wife~ are added as mortgagors
herein in view of their ownership of a vested re~aainder in fee si~le in and to the
; above described real ~ro~e~t~{'~
I rogethsr witl~ all snd singulsr the te e s, r~ aments and appvrtances thereunfo belonging or in snywise apperfsining thereto, and all rents, iuues,
p~oceeds and profits acuuing and to accrue from ssid premis~s, afl of which are included in the above and foregoiny detcription and Mbendum.
i
; TO HAVE AND TO HOLD the above described and granted prcmise~ umo the said MORTGAGEE, its aexcesson arw! ~assigns forever. Md th~ s~id
AAORTGAGOR for - thelr heirs, executors, administrators and assgna, hereby tovenanri with ti?e said MORTGAGEE, iri sutcessors ~nd assiqns,
rhat -~h~-~E--- lawfully uized of the said prem;ses in fee simple; that the same are free, ckar and dixFurged from all liens and encu~
b.arxes in !ew or in eqvity, and fhst they a~ theiz ~~n ~~I w~rra~t and defend the title to the tame to the said
MORTGAGEE, its s~ccesso~s arcd assigns, fwevn against the lawfvl claims and dcmands of all persoro;
PROVIDED, ALWAYS thst if the MORiGAGOR shall pay unto the MORTGAGEE the promissoty note hereinbefwe described ~nd shal! truly, promptly
and fully perform, diuharge, execute, complefe, comply with and abide by each and every the stipulations, agreements, conditions and tovenanri of said `
promiuory note and of this Mortgsge, then this Mortgage and the Estate hereby ueated shsll cesse and be n~ll and void.
! IT IS UNDERSTOOp that the wwd "Mortgagw" whethe? in the singvlar w plurel anywhere in this Mortgspe, shall be sinyuls~ if one only and
shall be plural joiMly and teveratly if more thsn one, and tha? the wwd "their" as used ~nywlxre in this Mwtgage sF~sll be fsken to me+n "his;' "hen,"
or "its;' wherever the corttext sp implies or admits. Also, that wherever there is • referente in the covenann ~nd agrecments F~erein contained to ~ny of (Z}
rhe parties hereto, the ssme shall be construed to mean as well ai the heirs, kgsl representatives, svccessors and as~igro (eifher voluntary by ~ct of th~ ~
parties or involuntsry by operation of the Iaw) oi the same and that tF+e covena~ts herein contained shsll bind and the be~efih ~nd adv~nlayes iour~
ro the respective heirs, legal ~epresentatives, successo?s snd au~yns of tt~e partiea ixreto.
And said Mortgagors, for themselves and their hein, legsl representstiva, successws snd auigns, hereby jointty and sevtrally covenant and agree ~
to and wirh the said MORTGAGEE, its successas and auigns: t
1. To pay all and si 1
ngulsr the printipal and interest snd the vsrious snd sundry sums of money payable by virtue of tsid promiuory note, ~nd tha ~
mwtgage, each and every, promptly on the d~ys respecYnely the ssme seve~ally becane due.
2. To psy sll and •ingula? the tsxes, assesune~ts, levies, liabilitics, obligstions and entumbrances of every nawre ~nd kind now on aaW described ~
property, or fhat hereafter may be imposed, suffered, pixed, levitd, or sssessed thereon, or that hereafta msy be levied or ssseued upon this Mat¢ ~
? age, w tl+e indebtedness secu?ed F~ereby, each and every, when due and psysble, xcording ro law, betore they become definque~t, and before any intert~t , r j .
: attaches o~ any penalty is incur•~; AND INSOfAR AS ANY THfREOF IS OF RKQRD THE SAME SHAtI BE PROMPTLY SATISFIEO AND DISCHARGED OF p
; RECORD AND iHE ORIGIhAI OFFICIAL DOCUMENT (SUCH A5, FOR INSTANCE, TNE TAX RECEIPT OR THE SATISfAC?ION PAPER OFFIGIAIIY ENDORSED
t OR CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAID IVIORiGAGEE WIIHIN TEN OAYS NEXT AfTER PAYMfNT; and in fhe event that any the~eof is not
paid, sat"sfied and diuharged sa:d MORTGAGEE msy at any time pay the same o? s~y part thereof without waivir?g or affeaing s~y option, lien, equity or
~~qht under or by virtue of this mortgsge and the full amount of each and every such payment shall be immediately due and payable and shatl bear intereit
~.om +he date thereof until psid at rate of nine per centum per annum and together with such interest sF~all be secured by the lien of th:s morytsye.
, ~
s.~~i~a.~..r . . ....w _ ~ _ «a ~.,r1:;~-`~=?