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Home My WebLink About2464 • 25985~ THIS INDENTURE, Made the 26t'h day of J~~ A.D. 19 ?3 be~ween Jamas A. Reeves ar?d Mary Anne Reaves, his wife, of ~ti• I11C~A Cp~nty Flwida, hereinatter deignated as ths "MORTGAGOR;' and fIRST REOER/1~ $AVINGS AND IOAN ASSOCIATION OF fORT PIERCE, a torpaation wp~nized and exifting u~der ths laws of 1M Un~ted S~e~~~ of Amerit~ and havin9 ift principal pt~cs of busincss i~ ths tity of fprt Aie~ce, St. lucie Counly, Flaida, hereinafter de~ignated as tM "MORTGAGEE:' WHEREAS t1w MORTGAGQR ~s justly indebted to tM MORTGAGEE in the sum of S- 32 t~0~~ good sod lawfuf money ol the Un~ted Srates advanced by the MOR~GAGEE unro the MORiGAGOR, as evidencerJ by a certain promisaory nole of eve~ date here'xith, of which the toilowin~ in wo~dt and figurai is e true copy, towit: s 32s~-~ ~ 11000110 Fort Pieres. Flaida, - ~lne 26, 19~ for value received, 1, we o~ either of us, ptom~se to pay, wi~hout defalcation, to the order of F~RST FEDERA~ SAVING$ ANp IOAN ASSOCIATION OF FORT PIERCE at Fort Pierce, Flwida, the sum of 5--~-`'L~0•~ with ineeres~ (rom date at the rate of ~•~~,o per annum, in morohly inslall- ~~,en~s as (ollows: S Z 2~ on the 2~h day of ~CtO~Ar , 19_ 73 and e like sum o~ the corresponding day of each month ~here- atrer untii the wt~ole be iully paid. Each insrallrnent i~rst shall be apptiad in payment of the interest and then on the unpaid ba~ance of the p~~nc~pal sum. If default is made in the F:ayment of any ins~allmem when due, and such default con~inues 30 daya, then st the opt~on of the holder, a~d w~~hout any other not~ce, all tFM remaining ~~~stalfinents shall be due and payable at once. P~ivilege is given to prepay this nate in whole or in par! at any t;me without penalty. N~il i~ebearance, nor acceptance by ehe holder thereof aftei any default in any paym~nts hereon, shall be deemed extension. A late payment charge of S12 shall be added to each Fnstallment remaining u~pa~d 7 days after its due date, and e I~ke sum shall be added to each such inslallment remaining unpaid 7 days after each succeeding paym.ent date. ~ Each maker, surery and endorser hereof, jointly and aeverally, waives demand, presentment protest and notice of protest fw nonpayment, and fu~ther agrees 1o any extensio~ of tirne of payment, either beiore a after matu~ity, wi~hout notice to any of us; and to pay all costs of collection, includ~ng a reasonable attorney's (ee in the event of any default hereunde~, and hereby severaliy waives all benefit of homestead and exemptiort under 1Fw tonstitufion and laws ol each State of the Uni~ed States, as against this obligation or any eatension o~ renewal hereoF, Witness the hand and sea! of each party. SI .T8araS A• IiaAVeS ($EAL) Nary Anne Reeves csenu (SEA!) ( ~8 ~ ~ ) State Revenue «U t81~i~i~ilrei~'w~sn~wsF'ws1e1 tVOiN, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of f 3~ ~ and the pcrformance of ths covenanr~ and agreements here;na(ter expreise~. and fw divers good and vsluabte considerat~ons, by these presents, does grant, baryain, sell, remise, refease, convey snd confirm unto the MORTGA~~E, ib successors and assig~s, ell that cenain lot, piece w parcel of land, situate, (ying, and being in the County of St. ~1C~9 ~ and Stats of Flwida. dewibed as followi: F~rom a xood post at the intersection of the North right=of-way Iine of Orange Av~enue Extension and the East line of the West 660 £eet of the South 261t0 feet of the NF..~ of ~ection 7, To~nship 35 South, Range 39 Last, run i~st aZang the North right-o~-~ray line of Orange Av~snue Extension 215 feet to a Point of Beginn3ng; thence continue West along the North rfght-of-xay line of Orange Avenue bctensicn 150 feet to a point; thence turn and run North on a line parallel xith the West line of said NF'r~ 955 feet to a point; thence tum and run East on a line parallel to the North right-of~ray lir~ of Orange Avernie Extension 365 feet to a point; thence tnrn and run South on a line parallel xith the West lit~e of said NF~' 355 feet to a point; thence turn and run West parallel to the North line of Orange Avenue F.xtensio~ 21S feet to a point; thence tarn and run South on , a line parallel irith the West line of said NF'~ 600 feet to the Point of Beginning; said parcel Iying and being in Section 7, ToTanship 35 South, ~nge 39 East, St. Iucie County, ~'lorida; ~ E~ ~ N STATE ~F F!_O~?iDA ~ l`'~ `NPp'~~'~"N~ oZ M DOCUMENTARY,P::.-.,~STl~MP t!: ~ ~ ' `E?E'~~NOF ~y1~' i~ ~ UEPi. U~ REVENUE ~ G~`~pS S G~N~AN~,1.t34. PG~S ~ _ _ ..:..IS'13 ' ~ ~ 4 8. ~ 0 ~ ~ uN ~ C~`° ~E PO~~~`~ ~E f~ = P.B. ~ _ ~ ` ~ U i~ 1~ a = ° r ~"Z ~ ~UR~ ~ SS. C`~,~~.~~ ~ogetF~er witb all and singular the tenements, hereditaments and appurtances Ihereunto belongirg w in anywise appertaining therefo, ar~d ~11 ?enb, iuuei, proceeds and prof~ts accruing and to accrue from said premises, all of which are included in the above •nd fuegoing deacription snd habe~+dum. TO HAVE AND TO HOtD the sbove desuibed and g?aMed premius u~to tF~e ssid MORTGAGEE, its successors and auig~t forever. And th~ said MORTGAGOR for ---~-~r he;rs, eaecutors, administrato~s and assigns, Ixreby covenanri with the said MORTGAGEE, its sutcessors and auip% that - .Y tr~lA 82'@ Iawfully seired of the said p?emises in fee simple; that the same are free, clear and discharged from all lie~s and encum- b~ances in law or in equity, and 1ha? t~~ will and their heirs shall warrant and defend the titk to the same to the s~id MORTGAGEE, irs successors and assigns, fwever against the lawful claims and demands of sll per~ons; PROVIDEO, ALWAYS that if the MORTGAGOR shall pay onto the MORTGAGEE the promissory note hereinbefwe dewibed and shall iruly, promptly and fuily perform, discharge, execute, complete, comply with and abide by each and every the stipulatiqu, agreemeMS, conditions and twtnants of said prcm~ssory ~ote and of this Mortgage, then this Mortgage artd tF~e Estate hereby created shall te+se~and be null and wid. IT IS UN~ERSTOOp that the wwd "Mortgsgw" whether in the singufar or plural snywhere in this Morfgsge, shall be singular if one only •nd shal! be pturat jointly snd severaiiy if more than one, and that fhe word "their" as used anywhere in this Mortgage shall be taken to meu~ "his," "hers;' or "its;' wherever the context so impliei or admits. Alw, thal wherever there is a reference in the covensnts and agreements herein contsined to any of ehe psrties hereto, the same shall be construed to mean as well ss the heirs, legal ~epresentativef, successon and sssigns (eithtr volunary by ~ct o~ the parties or involuntary by operation of the ~aw) of the same and that the covenants ixrein contained shall bind and the benefit~ and sdvsntsgss i~ur~ to the respective heirs, legal representatives, successors and ass~gns of the parties hereto. And ssid Mortgagors, for themselves and their F~eirs, legal reprexntatives, successws end assigns, hereby jointly and severally covenanf and ssree ro snd with the said MORTGAGfE, its successors and assig~s: 1. To pay all and singulsr the principal and interest and the vario~s and sundry wms of mooey paysble by virtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due. 2. To pay all and fingvlar tF~e tsxes, assessments, tevies, liabilities, obligations and enc~mlxantes of every ~ature and ki~d now on sai<{ described property, or that hereafter may be imposed, auffereA, placed, levied, a assessed thereon, or that hereafter m~y be lev~ed a assessed ~pon this Mortg age, w the i~debtedness secured hereby, exh and every, when due and peyable, xcording to law, before they become delinqueM, and befwe ~ny inMest attaches w any penalty is i~curred; AND INSOfAR AS ANY THfREOf IS OF RKORD THE SAME SHAlL 8E PROMPTLY SA7ISFIEp AND DISCHARGED OF RECORD AND THE ORIGIt3Al OffIC1Al DOCUMENI (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR iHE SATISFACTION PAPER OFFICIAILY ENDORSED OR CERTIFIED) SHAIt BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMENi; ar+d in the event that any thereof is not paid, sat'sfied and discharged sa"d MORiGAGEE may at any time pay the same or a~y part thereof without waiving or affecting any option, lien, equity or •~qht under'or by virtue of this mortgage and the f~ll amwint of each and every suth payment shall be immedistely dve and psyable and shall bear intrrest +•om rhe date thercof until paid at rate of n~ne per centvm per annv~ apd ~pgith~ w~rh svch i~te~ett sha!! be secured by the lien of th:s morguye. 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