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HomeMy WebLinkAbout2462 ~ 25~85'7 THIS INpENTURE, Made the ~ Sth day of _ , ~U I l~- A.D, t9 73 beR~reen _ t4~allace 1.. Rushinc~ and ,Iustin~ B.' Rus?~ng~ ~iA wife o{ _ St • LUC~ @ County Florida, hereinafrer dea~ynated ss the "MORTGAGOR." and FIRST FE~ERA~ SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, • co.porat~on wg~nized and ex~s~ing under ~Aa laws of th~ United Su~~s of Am~rica and havinp its prinupal p~ace of busin~is in tM City of fa1 ViKCe, S~. lucie Couoty, fiaida,, txreinat~e~ desiy~ared ~s tM "MORTGAGEE." WHEREAS ths MORiGAGOR is justly i~dabted ro tM MORTGAGFE in the sum uf j 38 ~0~~ good and lawful money oi the U~~~ed S~ates advanced by ~he MORTGAGEE unto the MORiGAGOR, as avidenced ty s certain promissory note of eveq date herew~th, of wh:cA ~he foibw~ny in words ~nd figures is a vw copy, to-wit: s 38~OO~~nO r,yo 10020239 _ Fort Pierc~ ~.~d,. Ju2v 25~ 19 73 Fp value received, 1, we w either of u~, pram~se Io pay, without detalcation, to the order of FlRST FEDERAI SAVINt35 AND IOAN ASSOCIATIOH OF FORT PIERCE at Fat Piercr, florida, the sum of Z- 38•~~~~~ vv;th interest irom date at the rate o18~_ o per annum, in monthly i:stalb ~nent3 at ~OI!Owf: j342~~ an 1he2Oth day of September ~9 73and a like sum on the cwrespond~ng day of eacitmonth thcrt- af:er until the whole be fully paid. Each instaltment (irst shall ba appt~rd in payment of the interest and then on the unpaid balsnce of the princ~pal sum_ If defaul? is made in ths F eymenl of any install~nent when due, and such default coroinues 30 days, then at the option of the hoJder, and without any ott+er nouce, all the rertwio~ag ~~~s~allmenls ahall be due and payable at once. Privitege is given to prepay this note in whole w in parf st ~~y tirrK withovt penalty. Neitl+er fdebea~arxe, nor acceptante by the holder tF~ereof after any default in any pa~ments hereon, shaN be detmed exrension. A late paymcnt charge oi s 17i1Q ihall be edded to each installment re~eaini~g unpa~d 7 days after its due dale, and a like sum shall be added to each such instaftment remaining unpa~d 7 days a(ter each succeeding payment date. ~ Each maker, surety and endorser hertof, jo~ntly and seve~ally, waives demand, presentment protesf and not;ce of protesf fw nonpayment, and further aqrees to any extension of time of payment, either befo~e o? a(ter mafurity, without not:ce to any of us; and to pay all costs of cotlection, includ:ng ~ reasonable attorney's fee in 1he event of any default hereunder, ~rtd h~reby ~everally waives ali be~efit of homestead and exemptio~ under the constilution and taws of each S+a?e of the Un~ted S~ates, as againsr this obligateo~ or any ewrension w renewal hereof. Witness the hand and seal of each party. . . (SEW s tVallace C.. Rushing ~U c~?U ~S7 ~ s/ Justine B. RushinQ ~ ( ~ ~ State Revenue it?+~~ tar»e~lsr.ow .ori~iw~ wde) NOW, THEREFORE, the MORTGAGOR iw the purpose of securing payment af ssid sum of = 38~~0•~ , and the performance of the covenants and ag~eements hereineiter expressed, and for divers good and valuable to+isiderations, by thess presents, does grant, bar9ain, ull, rem~se, release, convey and confirm unto the MORTGAGEE, its ftuccessors and auigns, sll that certain bt, piece or parcel of land, situst~, lying, aod beirg in the County of • I.tlCl@ , and State of Florida, deavibed ~s fol{ows: Lots 6, 7, 8~ 9~ and 15, 16~ 1~~ and 18~ Block 55~ Town of sahite Ci~y~ Section 4~ To~nship 36 South, Range 40 East~ as recorded in Plat Book 1~ page 21~ public records of St. Lucie County, Florida~ ALSO all of the alleyway running Cast and [Vest in Elock 55 of Town ~f ~~hite City . as per plat thereof in Plat Book 1, page 21~ Public ~?ecords of St. Lucie County~ Florida, lying betvreen and adjacent to Lots 6, '7~ 8~ 9, 15, 16~ 17 and 18, Block 55 of said subdivision. ~ ~ G ~r, STATE oF F1._ORiDA~ 6 ~~.,*~~~y,,. StAMP T~. ~ i DOCUM~TARYA!'~ , ~9~, tG~ DEP1_OF RE~fENUE C , ~N~t~'~>>3~ c jc `r' - - ~..~25'73 . J ~ ~ ~ { 4'O~t~~i~~-~/ - _ = ee.'- ~ pt,1IE.~ ~ t.~' ° ~t~r2 ~ ~ Cd~~:.,/) ~„OL o ~/~i. ~ ~ . fogetlxr with sll and singular rhe tenemmts, heredilaments and sppurtsnces thereumo beto~ging w in anywise ~ppertaining thereto, and all rsnb, issves, proceeds and profits saruing and to accrve from said premises, all of which are included in the above ~nd foreyoing description and ha6endum. TO HAYE AND TO ~IOLD the above desuibed and granted premises unto the said MORTGAGEE, ib suaessors snd usigiu forever. /1nd tM s~id their h10RTGAGOR fa heirs, exec~tors, administrsrors and assig~s, hereby coven~nb with the said MORTGAGEE, its wcceswn snd assipen, ,~at - t~e~ are lawfully seized of the said premises i~ fee simple; that the same sre trte, tka~ ~nd d+scharged f~am a!I liero and er~twn- brances in law or in eyuity, and that they W;~t a~ their hein shall war?a~t snd deferK! the title to the ssms ro the said MORTGAGEE, its successors and assigns, forever against the lawful cleims and demands of all peripu; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described u~d shall fruly, promptly rnd fully perfwm, d~uharge, execute, comptete, comply wirh and ab~de by each and every the stiputations, agreements, cond;rio~s and tovenanla of said promissory note snd of this Mortgsge, then this Mortgage and the Estate hereby veated shall ce+se uid be null sod wid. IT IS UNDERSTOOp that the wwd "Mortgsgor" whett~er in the singular or plural anywl?ere in this Mortg~ge, shall be sing~lu if w~e only and shall be plural joimty and severally. if more than one, and that the word "their" as used anywhere in this Mortgage sMll be Uken to mean "his," °hen," or "its," whereve~ t}k context w implies or admin. Alw, that wherever there is ~ referenu in the covenants u~d ~greementi herein contsincd to any of +he parties hereto, the same shall be construed to mesn as weil ~s the heirs, kgal representatives, successon srd sasigro (eithe? voiuntary by ~d of the parties u invol~ntary by operation oi the law) of the same and that the covenants he~een contained shaU bind and the be*~efits ard advanta9es iowe fo the respective heira, legat representatives, succeuus and su~gns of the partief Ixreto. And said Mortgsgors, fw themselves and their heirs, legal repreuntativq, successors a~d assiy~s, hereby joinNy and severally covenam and agree ~o and with the said MORTGAC,EE, its successors and assigns: 1. io pay elt and singutsr the principal and inrerest and tF~e variovs and sundry sums of rnoney psyibte by virtve of said promi:sory note, and this mo~tgsge, each and every, promptly on the d~ys respectively the same severally become d~e. 2. To pay alt and •ingulsr the tsxes. ~ssessmenb, levies, lisbilities, obligstions and encumbrsnces of every n~twe and k'md now on said dacribed property, or thst hereafter msy be imposed, svffered, plsced, ievied, p ~ssessed thereon, w that hereafte~ may be ltvied or auessed upwi this /NprtQ. age, o~ the i~debtedneu secured hereby, esch and erery, when due and payable, sccwding to Isw, befae they become delinquent, and befae am interest arraches w any penalty is incurred; ANU ~NSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHAIt BE PROMPTIY SATISf1E0 AYD DISCHARGEO OF RfCORb AND Tkf ORIGINAL OFFlCIAL OOCUMENJ (SUCH AS, FOR INSiANCE, TNE TAX RECEIP~ OR THE SATISfACTION PAPER OFFICIAItY ENDORSEO OR CERTIFIED) SHALL BE PIACED IN THE HANDS OF SAID MORTGAGEE VYITNIN TEN ~AYS NEXT AfTER PAYMENT; and in the evem that any tfxreof is na pa~d, sat'sfied and dixhsrged sa:d MOR(GAGEE may at any time pay the same or any part the~eof witAovt waivirg p affetting ar?y option, lien, eqv;ty or •~9ht unde? or by virtue of this mortgage and the f~Il amovnt of each a~d every such payment shall be immediately dve and payabk sod shall bear interpt ~~om the date thereof until paid at rate of n~ne per centum per annum and together w~th such in ~ t secured n of th"s mwgtaye. ~'~~V ~r:. 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