HomeMy WebLinkAbout0370 ~ 26~481
THIS INQENTURE, Mad~ the 3rd day of AuquSL , AD. 19
73
_ b~tw~?
Sdwin Cobbs and Bunice Cobbs ~ hi~ wife
of St. Ll1C~@ C~y Florid~, hatinaft~r d~~' n~ted tM "NOgiGPco~." +nd FIRST fEOERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, a cwpaation orp~ni:ed ~nd exittinp w+da t~ laws of th~ tle+it~d S~~tq of Am~riu a~ Fuvinp its principal pi~c~ of
busi~ in tM Ciry of Pwt PiKU, St. lucie Covory, Florid+, her~in~fter d~:iqnatsd as tM "MORTGAGEE."
WHEREAS tM MORTGAGOR is jvstfy indtbt~d to tM NWRTGAGEE in ths sum of ~ 6~~~~~' yood and lawful money of 1M United
Sfate~ advanc~d by the MqRTGAGEE umo ths MORiCsAGOR, as evider?ced by • oerlain promissory nole, of aven date he~ewith, of which tM fottowinp ir?
words ~nd fgur~s a a trw copy. tawil:
f -b,ooo.oo iooaozas .
Fotf Pitrc~. Florida. All9llSt ~ ~9 73 i
fa valv~ received, 1, we or either of us, promise to pay, without def+lcation, to th~ orda of FIRST iEOERAI SAVINGS AND IOAN ASSOCIATION OF i
t
FORT PIERCE at forf Pierce, Flwida, the sum of S~ 6~ 0~ with intere~l irom date at the rate of g• 9 96 per annum, i~ monthly ieutall-
ments as followi: = 61 •~0 ~~F~e 2~th day af September y~9 73 ~nd a like wm on tM correspondinp day oE each month there- i
after until the whole be fully p~id. - ~
Each installment (int sMlt bs applied in psyme~t of the tntereit and then on ths unpaid balance of the p?incip~l wm. If defauh is m+de in ths ~
paymeM of any installmeM when due, a~d such defauh tontinues 30 days, then at the option of the holder, and without sny other notice, sll ths rtm~inir~ j
~nstallments shetl be due end payabk at once. Privilay~ is given to prepay this nots in whoM or in part et any time without penalry. Neithar forebesrance,
nor acceptance by the holdsr thereof after sny defauh i~ any peymentt hereon, shall be deerr~ed extension. A late payment cMrye of : 3`O5 shsll be
added to each installment temain"ug wnpa~d 7 days ~fte? its due datt, and a like sum shall be added ro sach tuth irutsllme~t rem~ininp unpaid 7 days ~hx
each succaeding paYment date. -
Each maker, surety and endorser hereof, jointly ard teverally, waives demand, {xexntment protest ared notice of protest fw rwapayment, ~nd further
agrees to any extension of tima of payment, either beforo w ahe? maturity, without notice to any of us; ~nd to psy all costs of collection, includ~np a
reasonabk attomey i fee i~ the event of any defa~lt he~eunder, ~nd Mreby severally waives all benefit of homeste~d and exemption unJer the oonstitufiw~
a~d laws of each State of the United States, as against this obliyation w iny extension or renewal hereof.
Wit~ess fl~e ha~d and seal of exh party.
S/ fidwin Cobbs ~
cs~au
rs~u ~
S,L Eunice Cobbs ~
( $9 • ~ .~a State Revenve .
(brw*Ps -uneeMed-vn-origirt~f t~onr) . 't
NOW, THEREFORE, the MORTGAGOR fw the purpose of ucuring payment of said sum of : 6 ~ .~nd the pe~formance of th~ i
covenany and ~raemenri hereinafrcr expreued, and for divtn good and valvabk conside?itions, by tMse presenb, does praM, barpain, sell, remise, 4
release to~vey and tonfirm unto tM 1MORTGAGEE, its tucceswrs and sssig~s, all lhat cert~in bt, pieq ot puoel of lu~d, situste, Iyug, ~nd beinp in tM ~
~~~ry ~ St. T.Z1C1@ ~ Sqt~ 04 Florida, d~vibad ~s follows:
. ~
i
Lot 8, Block 2, B[1NCHE PA~C SUBdIVISION, as per plat thereof on file in Plat Book ~
10, page 18, Public Records of St. Lucie County, Florida
I
;
. . . . . . . . . . ~ ~ d,F ~
- oF ~ ~~t
ppC
EN RY, Sj~A1~AP~TA~h' ~ `~~W~e~"~, t'~'S 1
c~ CD ~EPT.OF REtlEHt?E.Ar' , ~~y~tD~'C_~~1~
~,p~~~E~ i
~ ~ = Pa ~ ruuS•'13 . • ~ ~ ~7. 0 ~ ~ ~px1 ~ t~!"` ;,,.s11 st• t
t~' = ttt~Jt s` ! ~
- ~ ~ ~,~`n ~
. .
~
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tugether with s{t ~nd sing~l~r the tenemenrs, hereditaments and appunances theraunto betaging w in anywise ~ppertaininp tl~eto, and ~U r~nts, issues. 3
:
i proceedt and profiq acuuing snd to scaue from iaid premises, all of wFiKh ue induded i~ the ~bov~ ~nd forepoirg dewiption ~nd Mbendum. ~
TO HAVE AND TO HOLD the sbove described a~d granted p?emise~ vnto ths said MORTGAGEE, its waesson u~d suiy~u faewr. Md th~ sald ~
MORTGAGOR fw their ~;n, executon, adminiatntws end ~ui9ns, hereby ooven~nts with th6 said ARORTGAGEE, in woas~o~s a~d usiper, ~
thev a re y prem;ses i~ fee simpte; that the same sre free, ck+r ar~d dischsrged fran ~II liens and ~ S
' rhat - lawfull seized of the said
~ brances in law w in equity, snd thst they will and thQlr hein sMll wurant snd deftnd th~ titb to the s+m~ fo th~ said ~
MORTGAGEE. its successors and augns, fwever aysinst the lawful d~ims a~d demandt of all parsanj +
PROVIDED, AlWAYS that if the MORTGAGOR shall pay unto the MORTGACaEE the promitsory note herei~before deWibed u~d shall tnily, promptly ~
and fully perform, dtsch+rge, execute, campkte, comply with a~d abide by each and every the stipvlatiaa, apresments, cond;tian ~nd oovena~b of said `j
promissory note u~d of this Mortgige, then this Mwtgage and the Est~te hereby ueated shsll aase snd ba rwll and void. }
IT IS UNDERSTOOD th~t the word "Mortp~gor•• whetixr in tha singular or plwal ~oywher~ io this Matys~e, sh~ll bs sinpvla if on~ only and ~
shall be plurd jointly and stverally if mwe th~n one. ~nd that th~ word "thei?" as used ~nywhen in this Nlortyag~ shall be taken to rntan •'i?is,•• •'heis," i
or "in:' wherever the context so impliet a admits. Also, thst wherever there is a nferente_in ttw oovenanri and spreemenq her~in oonuinad to u?y of t
rhe puties hereto, the same sh~ll be construed to meu? as well as the heirs, leqsl represent~tives, waesw~s a~ assipns (either voluMary by ~d of th~ '
parties w involuntary by operation of the !aw) of the same and that the covaMants her~in conuiixd sh~ll bind and ths benefib ~nd advsnt~pq inut~ '
to the respective Fxin, kgal represenutives. successors ~nd au~9ro ot the parti~s hereto.
Knd said Mwtgsgors, for themselves snd their heirs, legsl represeMatives, succeuors and ~uipns, hereby joimly snd seve~ally ooven~nt ~nd apne
~o and with the aaid MORTGAGEE, ib ivccesson and augns:
i
1. To p~y ~I( snd sirgulsr tFw principal and intaest and tl~e various and ~undry swns of money payabb by virtue of said promissory note, and this
moripaye, exh ~nd svery, promptly on tFa days rppectively the same sever+llr betome d~e.
Z To pay dl and sinyvlu tFw taxes, assess~nenn, levies, lisbilit~es, oblipaY~an ~nd encwnbranues of every r?~tw~ and kind now o~ said desc?ibeQ
propKty, a tfiat MreafrN may b~ impowd, wffered, plsced, ievied, or ~usssed thereon, or tMt hereafter may be Iw»d or qs~ssed upon this Morp-
age, a tla ir+debtedneu secvred hereby, esch and every, wlx~ dve snd psyabk. ~ccwdi~g to law, befwe they bec«n~ ddirquent, ~nd before +ny intaest
- attaches or ~ny penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAI[ 6E PROMPTIY SI1TISf1ED ANO ~ISCMARGfD Of
RECORO AND iHE ORIGttYAI OfFICIAI DOCUMfNT (SUCH A5, fOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENDORSED
OR CERTIFIED) SHALL 8E PlACEO IN TME HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the event th~t ~ny thereof is nol
pa~d, sat'sfied and discharged ss:d MORTGAGEE m~y st any t~me pay the tsme w~ny part the~eof witFwvt waivinp w affECtirg any option, IiM+, eq~ity w
•~qht under w by virtue of this mortgage and the full amount of eath and every such psymeM shsll be immediately d~re and paysbk and shall bear intaest
~ ~•om the date thereof ~ntil paid af rate of nine pe~ centum per ~nnum and toQetQ r w~th such intcrest shall be secwed by the lien of th:s moryqpe.
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