HomeMy WebLinkAbout2779 .~v. • o~ ~VVQ~~
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THIS INDENTURE, Nll~d~ th~ l~th day of ~lv , A.D. 19 7~- b~twwn
Keith T. Preston and Maureen Preston, his wife
of St . T.11C~@ Lpy~~y f~~, ~~inaftN daignated ~i tM "MORTGAGOR," and FiRSt FEQFRAI SAVINGS AND IOAN
ASSpCtAT10N OF FORT PIER~E, ~ oorpor~tio~ arpanf:ed and ~xii~inp w+da tM laws of ~M Unit~d Saas of America and Mvinp its principal pl+c~ of
bu~it»u M tM Cily of FoA PiKa, St. luti~ Cou~ry, Fbrids, Mrtinafta d~sipn~ted u tM "MORTGAGEE:'
WHEREAS tM MORTGAGOR • b jwtty ind~bt~d 1o tF» MORTGAGEf in ths ium of = 24 ~ 3~ , good and lawful mon~y of tM Un~~ed
States ~dvar+cad by the MORTGAGEE unto th~ MORTGAGOR as evidenced by a cert~in promiatory note of evsn date hert~+ith, of which 1ha followir+p io
wwd~ u~d fipuns is a trw copY. to-wit: '
~ 11000127
= 24 300.00 rb.~ P~..~.. F+«~.. July 16 ~ ~0 73
Fw valw r~c~ived, 1, we w ei~her of ~s, promis~ to pay, wi~hout defalcation, to ths order of FlRSI FEDERAI SAYINGS ANO LOAN ASSOCIATION OF
FORT PIERCE at Forf Pitrce, Fbrida, 1he sum oi :24s ~0 w;1h in?crest from date ~t the nte of 8• 9% per annuin, in monlhlY instatl-
mena ss foitows: ~ 219 on the ~th day of AV~ St , 19 73 s~d ~ like sum on the cares~wndirg day of each monlh tl+ere-
after untit tF+e whole b~ fully p~id. `
Esth installment firtt ihall be applied in paymeM of tM inte~est ~nd tben on the ~npaid bata~e of the printipal wm. if default es madQ in ths
payment of any instaffinent when due, and such default contin~es 30 days, tben et tM option of ths holder, and without a~y other ~+otite, yll the ren~aa?i~
installments shall be due and payable at once. Priviley~ ii yiven to prepay this ~ote in whole or in pa?t ~t ~ny tiine without pe~+{ty. Neit(w fp~b~a~anc4,
no? ~ec~pta~?ce by the holder tMreof after sny default in any payme~ts f+ereon, ihall be dcemed extension. A Iste payment chargs of ~ 1O* 9gsha1) be
added 1o each installment remaining ~npaid T days aftet iri due date, and a like sum sAall be added to cach such installment remafniny ~opaia~; days slter
eath sucteeding psyment date. • - . . . '
Each mskm, surety and endwser hereof, jointly ~nd severally, waives dcmand, prescntment protest and r+otice of protett fw nay~vyrnenr, and furt(+ev
agrees Io ~ny extension of tima of paymcnl, cither befwe w aftcr maturity, without norice to any of us; snd to pay all costs of collec{IeR, . i~rM~t%~~ a
reasoe?sble attaney i fee in the evenl of any defauit hcre~nder, and hereby severally waives all benefit of home~tead and exemptio~ u~+der the constituYa~
and I~ws of each State of the United States, aa sgainst thi~ obli9ation w ~ny extensio~ w renewal hereof,
Witness the Mnd and seal of e~ch party.
S/ Keith T. Preston ~
ts~?U
S/ Maureen Preston ~y
6 . ~45 «
S ~ ) Stat~ Revenw
(~~s~oi~daca~m~~)
NOV1I, THERfFORE, the MORTGAGOR fw ths purpose of secvring payme~t of ~aid svm of i~"4 ~~0 . ae~d ths performance of ths
covenants and apr~cmenn hereinaftcr expreascd, and fw divers good and valuable considerdions, by these presents, does granr, barQain, se0, rcmise,
release, convey and confirm unto the MORiGAGFE, its svccessors and auigns, sll tMt certain Io4 pieoe or pucel of land, situate, lying, and beinp in fhs
~ St . Lueie ~ State of Florida, desuibed ~s fdlows:
Lot 26, Block M, MARAVILLA SSTATTS, as per plat thereof on file in Plat
Book 8, page ?7, of the Public Records of St. Lucie County, Florida,
p oF ~LORI A
~ ~ ~7AT t~ f
o~ e, D MEN ARY ..~.~,StAMP AX ~
~ DEP't.Of Rfl?ENUE i •
_ _ ~ ~ s;~~o~» ~ ~ - ~ 3 6. 4 S~~Y
o = ~~~ot ~ ~ 6 p
. ~ ~ ~K P~~~t'~.
~ ~cre~.E ~ ie»-
i ~~s.~ ac` ».~y?. r~
' ZO ~R~ f'OCt~
~ ~1D»
~ This instrument prepared by ~~~t ~j~
~ Richard K. Kayes d~ ~/Q 0~,~
E First Federal Savings and Loan
E Association of Fort Pierce, Florida
~ rogdher with all ~nd sir+gular the tenements, hereditamenri and sppurtances therounto betonging or i~ anywise appertai~ing tl~e~eto, and all rents, issves,
p.xeeds and profin awuing and to accrue from asid prcmi~es, all of whK1? ue incl~ded in tF~e above and foreyoinp description and habendum.
i
f TO HAVE D TQ HOLD the ibove desaibed and yrsnted premises umo the ssid MpRTGAGEE, i» s~ccasson and usiyns fo?ever. Md th~ s~id
MORTGAGOR for~elr - n~;.~, exec~ton, administnton snd assgns, F~ereby covensnn with the said MORT6AGEE, iri wtceswn ~nd ~asipna,
~ that are lawfully uized of the wid prem~ses in fee simpte; tFut the same sre free, cka~ ~nd diuhsrged from all liero and ~ncum~
bro~ces in iaw or in equity, and that they w~~~ their hein shall wsrrsot ~nd defend the titk to the ssma w the s+W
MORTGAGEE, its successors and suigra, foreve~ sg~inst tlve lawful clairt» and demands of sll penons;
` PROVIOE~, ALWAYS fhst if the MORTGAGOR shali psy unto 11?e MORTGAGEE the promisiory ~ote hereenbefore described and sh~ll truly, promptly
and fulty perform, discharge, execute, compkte, comply with ~nd sbide by esch and every the stipulations, sgreemenri, conditions and owen~nb of s~id
- promissory not~ and of this Mortgage, ther? this Mortgage and the Estate hereby aeated shaU uass and bs rwll and void.
i IT IS UNDERSTOOD tFw1 tix wwd "Matgagor" whether in the iingvla? w plural ~nywher~ in this Mortyaye, sh+ll be sinyul~r if one only u~d
? shall be pl~r~l jointly and severally if mws th+n one, and thst tF?e word "their' ss used ~nywlxre in thia Mortgsge shall ba taken to me~n "his;' "hen;'
; or "its," wherever the coe+text w implies w admits. Alw, tMt wfrcrever there is s reference in the covenaoti and agreemeMS herein containad to ae~y of
~ rhe parties here% the iame shall be const~ued to me~n u well as the heirs, kgal rspr~se++tatives, svcceuas and ssi~gra (eilher volunt~ry by att of tM
pa~ties q involuntary by operation of the Isw) of the same ar?d that the covensnts herei~ contai~ed shall bind and the benefits a~d dvantagea irwre
_ to the respective heirs, lepaf repesenfstivp, wcces~ors and as~~Qna ot ths parties hereto. ~
; And said Mwtgagors, For tFromselva and ~heir he7n, legal representatives, successas ~nd suipns, hereby jointty and s~verally covena~t and ~yrse
~o and with the iaid MORTGAGEE, its s~cussors ~nd auigns:
3 1. To pay all ~nd iugvlar the printipal and interest and the varaus a~d svndry sums of money psyable by rirtue of said promiswry note, and this
; mwt9age, esch +nd every, promptly on the days respcctively tl~e same seve~alty become due.
~ Z To p~y •N and tirlgvlK tA! f~xH, sueumenb, levies, lisbilitics, obligstions and ena?mbrances of every nature and kind naw on ~aid desvibed
property, w that hereafter may be imposed, suffered, pl~ced, levied, or suessed therew~, or that hereafte~ may be fev'~ed a assessed upon this Mortg
~ age, a tM indebtedness secured hereby, esd+ +~+d weryr, when due and payabk, accordiny to law, befw~ they becane delinqvent, and before ~ny intenst
attaches or iny penalty is inturred; AND INSOFAR AS ANY THEREOf IS Of RKORD THE SAME SHAII BE PROMPTIY SATISFIED AND DISCHARGED OF
RECORD AND THE OR~GINAL OFfIC1Al DOCUMENt (SUCH A5, fOR INSTANCE, THE TAX RECEIPT OR ?HE SATISFAC710N PAPER OFFICIALLY ENDORSED
OR CfRTIfIEO) SHAII BE PLAGED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not
paid, sat'sfied and dixharged sa:d MORTGAGEE may s~ any t~me pay the same o~ any part tlxreof without waiving or affectin9 any optio~, lien, eqvily a
•iqht under w by virtue of this mortgage and the (ult smount of each and every iuch psyment shall be immediately due snd pay~ble snd shall bear interest
~+om the date thereof ~ntil p~id at rste of nine per centum per annum and t t t s h intere I sccured by the lien of th:s motytpe.
~n~ ~er,t
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