HomeMy WebLinkAbout0515 ~~0586
THIS INDENTURE, Mad~ the lgt day of Auaus~ , A_D. 19 73 b~tween
Horacio Bahan~on and Cecilia 8ah~~~ his ~ifA
of St. LUC~B Cq~~ty Flaida, Mrsinaf~a d~siynated ~i the "MORTGAGOR;' and FIRST FE~ERAL SAVINGS AP~D IOAN
/?SSOCIATION OF FORT PIERCE. • corporation ap~iud ~nd exiitinp u~xla tM laws of th~ Unitad Su~~s oi Am~riu and Mvinp its princ~pat Pl~c~ of
bu~in~u in tM City of Fott Pi~ru, St. L~ci~ Count~, ftorida, hartinahsr dssgnattd as th~ "MORIGAGEE."
WHERE115 tM MORiGAGOR a ivstly indebttd ro th~ MORTGAGEE in t1» swi+ of ~ 16 ~4Q0. ~ yood u~d lawful n+w+ty of the Un~ted
Staros advs~ced by ths MORTGAGEE unto ths MORTGAGOR, as evideixed by s cs~tain promiuwy not~ of eve~? date herewith, of wh:ch th~ iol{ow:np in
words a~d figures b a trw copY. towit:
s 16~ 400.00 ~,QQ~20262 ;
~ P;KU, Fb;,d,. Auguat 1 19 73
fa value ?eceived, I, we a either of us, promiss to p~y, without defdcation, to the orde. of FIRST FEDERAI SAVINGS ANO IOAN ASSOCIATION Of
FORT PIERCE at fwt Pierce, flwida, thc ivm of = 16 ~ 40~~ w;th interest from date at the ~ata o18 ~ 9 K pu +nmw~L in ma+lld~t ~~sta~l-
rr,enn as follows: ~~48 2~Lh d,Y of Septeober , ~9 73 snd a Gke sum on tF?e cwrespw~d~np day of each month rF+err
afrer until the whole be fully paid.
Esch insultment fint shall be apptied in peyment of the inrerest and then on ths unpaid bat~nce of the prinupal sum_ If defautt h~n+dt in tht ~
payme~t of a~y installment whc~ due, and such defauh continues 30 day~, then ~t the option of the holde~, and wi~hout any othn mtrce, all ~he rsmainw~
~nstallments shall be due and payable at axe. P~ivitege is given to prepay this ~o1e in whole or in part at ~ny ?ime withovt penahy. Neithn forebeuairc+,
nor acceptance by the holder the~eof after any default in any payments herepn, sMll bo deemed extension. A lats pay-ment charge of j 7' d~ slwll b~
added to each instaflment remaini~g unpaid 7 days after its due date, sr~d a like wm shall be added fo each wch ir~stallmer?t remain;ng unpaid 7 d+ys afta
each s~rtteeding payment date.
Each maker, wrery and cndwser hereof, jointly and uverally, wa~ves demand, presentment protest and rovite of protest fw nonpayment, and funhcs
agrees to any extension of time of payment, eitl+~~ before w aftcr mawrity, without notice to any of us; snd to pay all costs of tolkction, inclvd:ny •
reasonable anorney i fee in the even~ of sny default hereunder, and hereby xverally waives all bene{it of homestead and exemption undn the corotitotion
and laws of each State of the tlnired States, as agairut this obligatan a any extension w rerKwal hereof. i
Wirness the hand and sea! of each party. •
S/ Hozacio Bahaaon ~
~s~?t~
S/ Cecilia Bahaaon ~
~ ,~$24.60 sr~te Revenve - ~y
ls*sqs a~eQUed ss ~edpr~)
RIOW, THEREfORE, the MORTGAGOR fw ti~e purpose of securi 16 400~ 0~
ng p~yment of ss~d wm of : ~ , u~d the =
covenanri and spreements Fxreinaftcr exprcucd. and for dircrs yood and wluable considt~atiau by these presents, does graM. barpain, sell, remise,
releau, convey and confirm vnto the M0~2TGAGEE, iri s~ccessors a~d auigns, sll that certain bt, piec~ or pucel of I~nd, sitwte, ly'vg, xd beinp in the
Co~nry of St• WC1@ and Sut~ of Flwida, describsd ~s fdbws:
+
That part of the South of Lot 16 of the Subdivisfon of the RUSSELL fi5?ATE in
Section 28~ To~?nship 34 South~ Ranc~e 40 East, according to a plat of said RUSSELL
ESTATB SUEiDIVISION recorded in Plat Book 1, page 186~ Public Records of St. Lucie
County, Flarida, which lies west of the Old Dixie Highway described as follows: ~
~
Begin at SW corner of the South ~ of Lot 16 as above described and run North 96.60
feet for point of beginning, thence continue North 68.95 feet, thence East 227.5 feet
to the West line of Old Dixie Highway~ thence Southeasterly along the West line vf
Old Dixie Highway 75 feet, thence taest 259.2 feet to point of beginning~~/
~t ~C-
A. ~ g~ - ' Q~~'
~~y''.
3,~, ~ ,:~E
STATE oF FLORID :
i
STAMP TAx ~ ~
o= ~ DOCUMENTARY~`=~•~.., ~ .yti~°~ \E ,
DEPt.-~ O
R
YENUE ~ ~a~. ~ Y G .c
~ Q,p~S`•
~ = Z~. 6 ~ 1 .~~~~o c~~c~~t ~
~ ~C ~ ~ w~J'6~7i ~ ~ ~ ~ ' ~ ,
- ~ ~ 3
~ o . . ~A~
~
;
togetFxr with att and iingular the tenemenrs, hereditamenh and appuns~ces thercunfo belongirg o~ in snywise appertainA+g tl~erero, snd +H rents, iswp,
! p~occeds and profin acauing snd to ~ccrue from said premixs, ail of wh'~ are induded in the above ~nd foreyany desuiption u~d h~be++dun~
TO HAVE AND TO 110LD the sbove described and grsnted premises unto tF~e s~id MORTGAGEE, its wo~essws and ass'gro forevp. Md th~ said
MORTGAGOR fw t~1Qir - heirs, executors, administraton and su' ns, her
g eby tavenann wnh the s~d MORtGAGEf, its woceuors and assiper„
rhat they are ~awfully se~zed of the said prcmius in fee simple; that the aame ue free, clear ar~d eGsdwQed from all liens and snnwn-
brances in Iaw or in equity, and that they will and their hein ~hal! wanant and defend the titk b the san+~ ro the s~:d
MORiGAGEE, in successors and auigns, fweve~ against the lawful daims and demsnds of ~II persons;
PROVIDED, AlWAYS tl+st if the MORTGAGOR shall pay u~to tl+e NIORTGAGEE the promiswry note hereinbefore descr~ed ud sMll trvlp, pro~nptly
and fully perfpm, disciwrge, eaetute, complete, tomply with snd sb"~de by each and every tAe stipulatian, syreernents, tond'~tiom and covensrNS of said
promiasory note and of this AAortg~ge, then this Mortg~qe and the Estste hereby ue~ted sMll ceas~ and be null and void.
IT IS UNDERSTOOD that the wwd "Mortgagw" whether in the singula~ w plwal snywhere in this Morty~e, shsll be sinyutar if on~ ady and
shall be plural jointly and sever~lly if mor~ than one, snd that the wwd "their" ss uted snywhere in fha Mwt9agt shatl be taken to mean "his,•• "F~ns,,.
or "in;' wherever the context so implies a sdmirs, Also, tMat wherever there is ~ reference in tM ~nn and ayreanents herein oontab~ed to ~rry of
the perties hereto, the ssme sF+all be construed to mean as well ss tM hein, ley~l represent~tivet, wocessas snd assigns (eithet volw~ary br act of tIw
parties or invol~ntary by opention of the isw) of the same ard that the covenanta herein coMained shall bind and the bensfits and advaMag~s irwr~
ro tbe respettive heKS, leyal represent~tives, successors and su~gns of the p~rties herdo.
And said Mwtgsgon, for themselves and their heirs, legal representativa, wccessws aed ~ssgrn, hereby joir~tty and severslly oovenant and a9ree
+o and with the said MORTGAGEE, its successws a~d auigns:
1. To pay al( and ainpular the princ~pat and intereit snd the varaus and sundry awns of mor~ey paYible by vdtue of said promisiwr no1e, and tM
mortgsye, esch and every, pomptty on the days respectively the same tever~lly become due.
2. To pay ~II and singvlu the taxes, sssessmenn, kv'~es. Iiabilit~es, oblig~taro and enawnbr~nces of every natwe snd kind raw on ssid desv~ed
Property, a that hereafter msy be imposed, suffered. Plsced, levied, a ~uessed tl~eon, or that l~srsaher may be levied a auessed upon this Mwt~
a9e, a ths indebtedneu secured hereby, e+ch and every, whe~ dve ~nd paysble, sawdirg ro law, before they becar~ delirq~ent, and before ~n~/ imrrep
artaches w my pen~lty is ir?curred; AND INSOfAR A5 ANY TMEREOF IS OF RKORO 1ME SAAtiE SHAII dE PROMPiLY SATISf1E0 AIYD DtSCHARGfD Of
RECOR~ AFiO THE ORtGtNAI OfftCfAl DOCUMEM (Sl/CH A5, FOR lNSTANCE, THE TAX RKEIPT OR tNE SAi15FACT10N PAPfR OFFICIAIIY ENDORSED
OR CERTIFIED) SHALL BE PLACED IN iHE HANDS OF SAID MORTGAGEE WiTHIN TEN OAYS NfXT AFTER PAYMENT; and in the eve~t that u~y ti~eof is tq1
paid, sat'sfied •nd discharged sa:d MORTGAGEE msy st any time pay the same or ~ny p~rf thereof withovt waiving w afftttinp arry option, 1"~en, eqvity er
~~abt under w by virtue of tF~is mortgage and the full amount of esch and every wch payment shall be irrwnediafely d~e and psysbk and sha11 besr iMeres*
~.om the date thereof unfil psid st rate of nine per centum per annum and togelaerRw" ~cM'RMerest ured by the lia+ of t!?:s morota~e-
90~x~_~ ~ ~a~;~
- ~
_ _ _ _ - _ :
_ . . v _ r~ _