HomeMy WebLinkAbout0295 ~ ~ i~_'•
THIS INDENTURE. IN~d~ the 27 th day of July q,p, ~q 7 3 befw~sn
John E. McLeod and Nancy L. McLeod~ his wife
of St. Lucie ~p~~ry Ftorida, htra~aft~r deiignated as tFN "MORT(3AGpR;' ~nd fIRST fEDERAI SAVINGS AN~ IOAN .
ASSOCIATION Of FORT PIERCE, • cwpaatiw~ wy~nued and existi~p u~de~ tM laws of tM United Su+as ot Am~ric~ a~d havinp i» prirxipal pl+c~ of
kw~;neu in 1M Ciry of Fon Pie~u, St. luca County, Florida, hereinaht~ desipnated ~s tM °AAORTGAGfE."
WHEREAS the MORTGAGOR is jus~ly indobted ro th~ 1NORTGAGEE in ths sum of ~ 3 ~ ~ ~ ~ , good and lawiul mo~ey of 1he Un~ted
States advanced by the MORTGAGEE unto the MORiGAGOR, as evidenced by • certain promiuory note of even date herewith, of wh~ch ~he foilowing in
worda and fi9~ret is a true copy, towit:
z 30,000.00 ~~.0020247
Fat Piern Fb?ida. Ju ly Z 7~ 19 7 3 ~
Fw value received, 1, we or e+ther of us, prom~sa to pay, without defa}ca~ion, to 1he ordsr of FIRS1 FE[1ERAl SAVINGS AND IOAN ASSOCIATION OF
ti FORi PlERCE at Forf Pierce, Florida, the sum of :~Q.~_~~Q.~ • w;th interest from date a1 the rate of~_% pa annum, io monthly insial!-
ments as followt: ZZS2. on the 2~thday oSeptember ~ ~9 73 and a like sum on the cwrespond~r?p day of esch rt~wuh there-
~ af~er until the whote be fully paid.
Each installmeM first ~hall bs appl~ed i~ payment of 1Fs in~erest and rhen on ths u~paid bslance of !he princ3pal swn. If default is msde in th~
~ payment of any installmant when due, and such default continue~ 30 days, then st the option of the hofder, and without any olher r+otice, all tF?e rem~ininy
~nstaltments shall be due and payable at onca Privilcge is given to prepay this oote in whole w in part at any time without penalty. Neither lo~ebear~nte,
nor accepta~ce by the holder thereof afte~ any default in any payments he?eon, ahatl be deemed exeention. A late payment chsrge of s
12~6
0 shall be
added to each installment remaining unpa~d 7 days aite~ its due date, snd a like sum sha11 be added to each auch installment remaining unpaid 7 days sfter
~ each succeeding payment date. ~
-
Esch maker, surety and endorser hereof, joinNy and severally, waives demand, presentment protest and rarice of prote~t for nonpayment, and further
agrees to any extcnsion of time of payment, eirher before w after maturity, without ~otice to sny of us; and to pay all costs of collecta~, includ~np a
\ reasonablt attorney's fee in the event of any default hercunder, and hertby xverally waives all benefit of homestead and exemption under the cautitutan
and taws of cach State of the United States, as agains~ this obligation w any exteruion a ~enewal }roreof.
~
\ Wi~ness dx h~nd aod seal of each party_ i
~%John E. MeLeod ~W
' (SEAI)
S/Nancv L. McLeod
~ $4 5 . 00 ~ Stare Re~en~e ~u
#~eapt~eacYe~art~sei0ie~aele)
" NOW, THEREFORE, the MORTGAGOR fw the purpose of tecuring payment of s~id sum of i30 ~ 000 • , and tM pe?formarxe of the
covenaros and agreements hereinafter expressed, and for d~ven good and valwble consideratiwa, by the~e presenfs, does grant, bar9ai~, sell, remise,
_ : elease, co~vey and coaf~rm unto the MORTGAGEE, its t~cceuws a+~d usgns, ell that cert.in bt, piece or parcel of land, situate, lyirg, and being in the
" Counry of $t. Lueie and Stste of Florids, dewibed as folloMrs:
~
- ;
~
Lot 6, Block 1 of ORANGE BLOSSOM ESTATES, FIRST ADDITION, ~
as per plat thereof on file in Plat Book 11, Page 38, of ~
the Public Records of St. Lucie County, Florida.~%
~
a~ STATC`E,? oyF FL(TO/~RptDT/,~4 ~ ~j( o~j~
OO~V~G/i1QQi~`
r~ JfK~r iii~t' ~V V"„d~Qt~~
`a ~ ~ ~Np'~, l14d'r~y~~.
DEPT. QF REVEIiUE A~` ~ O `f QER~pS ~ 1
~ ~ _ _ P~ _ av~2•'73 ' ; ~ ~ 0 Q ~ ~ ~ ~NtPN~~~_1 . ~j F c a
; ` • ~
~ ~ ut~ ~~~,p~5s 1 rA) .
~ ° _ ~0
N` t\A°' PC~1`-' f ~t ~
{ ~ ~R~` j C ~''J , - l , ~ i
,
~ ~ ~R~ ~1(~V~j n ~ ~ 1
3
~ '
~
F together with ~II snd singular the tenemenri. I~ereditsmenri and appurtsnces Iherevnfo belonging w in u?ywise appeA+ininy thereto, a~d sll renb, issues.
proceeds snd profit: ucr~irg snd fo accrue from ssid ptemises; all of which ~re included in the sbovt and foregoing desctipYwn and habendum.
i
~ TO HAVE AND TO HOID tF+e above dex?ibed and grsnted prem~ses umo the said MORTGAGEE, its wuesson snd ~uigns forever. And tlw said
~ MORTGAGOR for -~lr - heirs, executon, sdministrato~s ~nd auigns, hereby tovcnsnfs with the s~id MORTGAGEE, its succesw~s and usipnt,
~ fhat -~ex- are lawfully xized of the said premisea in fee simple; that the same are free, clca~ and discharQed from aU liens +nd entvrn~ ;
branccs in law w in equity, and that ~eX will and their hein shall warrant and defend the ti11e to the s~me to the s~id
1~tORTGAGEE, its successon and assigns, faevsr against the lawful claims and demands of ~II perso~a;
PROVIDED, AtWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiuory ~ott heteinbefore destribed snd sh~ll truly, promptly
and fully perform, d~schsrge, execure, complete, canply with and sbide by esch snd every the stipularior.s, agreernents, cw~ditia~s and covensnts of said
promiuory rate and of this Mortqage, rhen this Mortgage and the E~tate hereby aeated shsll ceasa and be rwl) ~~d void.
' IT !S UNDERSTOOD that the word "Mortgsgw" whether in the singu{ar or plwal ~nywl~e in this Mortysge, shall be sin~~~ar if one ooly ~nd
shsll be plurel jointly and severally if more thsn ooe, snd that the wwd "their" ~s used snywhere in this Matgage shall be f+ken to mean "his;' "hers,"
E or "iti;' w(xrever the context so impties or admits, Also, that wix~ever thae is a.efaence in rhe coven+nn and ayreemenn herein contained to ~ny of
the p~rties hereto, the s+me shsll be conitrued to mean ss well ss the heirf, kyal representstives, sutcessws ~nd assigns (either wlunbry by att of tfK
part~es a inroluntary by operat:on of the Isw) of the ssme and that the covenants herein contained si~sll bind and the benefiq ~nd advant~yes inure
to the re~pecteve heNS, legsl rcpresentatives, sutcessas and ass~gns of the parties herota.
~ And ssid Mortgsgon, fo~ themselves and their heira, legal repreuMStivd, successwt u~d auipns, hereby joiMly and sever+lly cove~ant and apree
; to and with the said MORTGAGEE, it: successon ~nd suig~s:
a
~ 1. To psy ~II and singvlar the p?incipal snd interest and the various ~nd sundry sums of money payabls by vinve of said promiuwy note, and tha
mortgagq each and every, promptly on the d~ys respectrvely the same severally become due.
2. To psy ~II ~nd singular the tsxes, s~sessme~n, levies. Iisbilities, obligstiom and encumbrsnces of every nstvre ~nd kind naw on said dewibed
; pre~perty, or ~F~at here~fter may be impoud, s~ffe?ed, placed, kvied, or asseued thereon, ar that hereafter may be :evied p assessed vpoe+ this Nlortp-
~ age, a the indebted~eu aecure0 he~eby, exh snd every, when due and payabk, ~uadiny to law, before tMy become detinquent, and befwe any intaest
a+raches o? sny penalty is incurred; AMD INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISf1E0 AN~ OfSCHARCaEO OF
' RECORU ANp 7HE ORIGINAL OFfIUAt DOCUMENT (SUCH AS, FOR INSTANCf, THE TAX RECEIVt OR THE SATISfACTION PAPER OPFICIAIIY ENDORSED
F OR CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAID MORTGAGEE WITNIN 7EN DAYS NEXT AfTER PAYMENT; and in the event tFut sny thereof is not
~ paid, sat'sfied and discha~ged sa:d MORTGAGEE may st any time pay tMe same a sny pa~t thereo( without w~iving o? affedin~ any optia?, lien, equity a
fr •~~ht under or by virtve of this mortgage and the full amount of each and every such payment ihsll be immediately due snd psyabk snd sMll bear interest
c ~.om the date thereof umil paid a~ rate of nine per centum per ~nnum and toyethe ~~`i~?e~t sh~ll `A~~ed by the lien of th:s morqtape.
t 1. 7 ~ n.~. ,V•~
~ ~ _ - ~
~ :x~