HomeMy WebLinkAbout0519 2~4588
THIS iNOENTURE, lN~J~ th~ 3Yd day of Auaust ao. iq~ berW.eo
I.aurel B. Madden and Nancv A.Madden. hia ~fe
of St.Lucie ~ ~~~fy Fiorid~, I+K~inaft~r designated as fM "MORTGAGOR," ~nd, FIRST fE~ERAI SAVINGS AND IOAN
!?SSOCIATION OF FORT PIERCE. • cwpa~tion orpanised u~d ~xutinp unda th~ law~ of 1l+~ United Stat~s of Ameriu ~nd Mvlnp in principal pbc~ of
bwiMSS in tM City of For1 PiKa. St. luci~ Gounty. fbid~._her~inaha d~?ipn~t~d u tM "MORTGAGEE.° ~
WMEREAS tM MORTGAGOR is justly indebt~d b tM MORTGAGEE i~ 1M sum of : 9~ ~N „~ood ~nd lawf~l money of the Un~ted
Srata advanced by the MORTGAGEE unto the MORTGAGOR, ~s ~vide~xed by ~ certain promiuory noN of even d~te her~w~th, oi whicl~ th~ followinq in
wads ~nd fipu~~s is • f~w coPY. towit:
=9.500.00 ~1~020286
Fwt Pl~rc~. Florid+. A119L1St 3~ 19.~_
Fw valve received, 1, we w eithe+ of vs, promi~a ro pay, without defalution, to tM ordN of FIRST FEDERAI SAVINGS ANO IOAN ASSOCIATION OF
FORi PIERCE at Fort Aiace, Flor;da, the sum of f 9~ 500• ~ w;th interest from date at the rste of 8• 9% per annvm, in monthly install- 1
roents u follows: =86~00 on the z~t1 day of S@eteIDb@! ~~973 ~nd ~ lik~ wm on the~respaxlinp d+y of exA monfh therr
alter until the whob be fully paid.
Esch inst~ltment fust shall b~ applied in paymen~ of the in~ereit snd ~hen on the unpaid bal~nce of the p~incipal sum. If def~~h is mads in the
payment of any i~s?allment when dve, and wch defauh co~tinues 90 dayt„ then et the opYwn oE tF?e holder, and without any othcr notice, sU the remaining
~nsullmants shall be dus and psyabk ~t oncs. Privile~e is ~iven ro prepaY this not~ in whole a in pa~t at sny time without penalty. Neither fo~ebsarance,
nor acceptana by the holde~ thereoi after any default in anY payments hereon, shall be deemed extension. A Jate psyment tha~Qe of : a.
30
- ihall bs
added to each irtseaNment remain;ng ~npa;d 7 days after its dw date, and a like sum ah~ll be added to each such installment remaining unpaid 7 days aftar
each succeeding payment date. ~
E~ch maker, surery and eodorser heaeof, jointly snd severally, w~ivei demand, presentmeM protest and notice of protest fw nonpayment, and furihe?
agrees ro ~ny extension of time of payment, either before o~ aNer maturity, without norice to ~ny of us; and to pay all costs of mtlection, includirg a
reasonabk attw~ey's fee in the avent of any deiault hereunder, and I+e~eby severally wsives all benefit of hort?estead snd exemption under the torotitution
and iaws of each Sute of the United States, as against this obli9atan ar ae~y extension or renewal Fxreof.
Witness the ha~d ~nd sea! of eath party.
~ S/ Ldurel E_ MaAaen ~U
~?u
S/ Nancy A. Madden ~U
~ $14.25 ) St~te Revawe ~
ta?s~soesuud~a~al:m~) `
NOW, THEREFqRE, the MORTGAGOR fw the purpose of securinp piymeM of said sum of i~ S~- . snd tl~e performancs of th~
cover?~MS ~nd sgreemenn hereir+sfur e:pressed, snd fw dvcn good +nd wtuable considerations, by these preser?», does grant, bsrpain, sell, remise,
release, cenvey and wnfi~m unto the lyORTGAGEE, its succeswrs u~d ~ssigns, sll th~t certain bt, piec~ o? parcel of land, utwte, lying, and beiny tn ths
County of St. LItC~@ and Stat~ of Fb?ida, d~~tribad as Edlowa:
Lot 21, Block 2, FLEBT~lOOD ACRES, as per plat thereof on file in Plat . .
Book 10, page 78, Public Records of St. Lucie County, Rlorida ~
pQ~
•
~ A•t~'_`s~ ~i°-
i~?'~ 9~
. . . . . . . . . . : . . . C ~
G\~~~ •~5 dc ~ ~ .
M STATE oF FL.ORIDA~
~OCUMEN:ARY ~.,STAMP tA~: i ~~,~~St• ~
°c-~' " DFPT.Oi REYENIfE ~•~'s ~Sr_~ ~ t~T~'- ~
- - ~ 1 4. 2 5 1 v1T a~
in ~ - ~ ..d~-6'~3 ' .r ` ~
~n = Pe-
o = It102 ~ ~
i .
I `
rogether with all a~d singular the tenemenq, heroditaments and ~ppwtences therevnto 6efong~ng a 1n anywise ippertsininy thereto, and dl r~nts, iuves,
~ proceeds and profits accruing ~nd to acwve from asid premis~s, sll of wFiKh ue ind~ded in the ~6ovs and foreyoiny descriptiae and habendvm.
TO HAVf AND TO HOID the above descrGbed and granted premises unto fF+~ ssid MORTGAGEE, in waeison ~nd ~ug~a faewr. Md tlr said
f IµORTGAGOR fa their ~;n, executon, ~dminisnatas and aug~s, hereby coverNnts with the~said MORTGAGEE, its waessws ~nd ustpro,
that theV___~__a__te ~,,,,fully xized of the taid premises in fa i le; th~t th~ same an fr~e, ctear u~d dischar ~
; ~mp yet! from all li~ns and seaertr
; brsnces in law or in vi snd that thev their '
eq ty, wiu s~d 1+e~rs shall wa..anr snd def~nd rh. ritlt a rhe sun. fo rM sald
;
MORiGAGEE, its successors and assigns, fwever ag~inst the lawfut claims ~nd demsntls of dl per~onfj
PROVlOED, ALWAYS th~t if the MORTGAGOR sFull }
pay unto t?ie MORTGAGEE the promiuorx note hereinbefore described u~d ah~ll tnily, promptFy
and fully perform, discMrge, exetute, compkte, comply with snd sbide by eacA snd every the sYpu(s?iora, ayreemenb, conditiona ~nd covrnann of ~aid
prom~ssory r'?ore ~+d of this Mo.rgaye, rhen tl+is Mwfgage and rhe Esr~~e F~ereby veated ahall aeas~ and M rwll ~nd wid. .
~
!T IS l1NOfR5TOOD that the word "IMort9aga" whether in the singular o? plwal anywhers in Hw Mort9pe, shall bs si~gvla? if on~ only and
shatl be plur~l jointly aod aeverally if mwe than oM, and that the wwd "~he'v" as used ~~ywhe~~ in this Nbrt9spe sF?~II be taken to msan "his,° •'hen••
o? 'its;' wherevd the context w implies or sdmin. Aho, that wherevet thert is a refe?enc~ in the cov~n~ob ar+d agr~emen» herein oonta'x~ed to any of
~he pirties hereto, the sam~ sh~ll be construed ro me~n u well as the hein, kyal rspre:entatives, successon ~nd auigro (either volunury by ~c1 of tl+~
parties w involuntuy by operation of the law) of the same and that the coven~nts hertin contaiotd sIMN bird ~nd tlwr lxnefib and adv+Mapp inw~
ro tl~e retpective hein, kya! ~epresentatives, successors snd ass~~n of the paniws her~ta
Md said Mwtg~gws, fw 1F~emselves and their Froirs, legsl represenhtives, wccesson a~d assgns, hereby jointly and severally cove~f ~nd ~yr~e
i to and with the said NWRTGAGEE, its wccessors end ~uigra:
1. To psy ~II and sinyulM the p~incipa! snd interest ~nd ~he vs~~ovs and wndry s~ren of moneY paYable by vinve of said promiuory note, and tha
mortq+ge, sid+ and eveay. P~o^~P~ly on tM days respectivety the ssme sewrafly become d~e.
! 2. To p~y ~II and siny~la~ the tsaes, sssessme~b, levies. lisbilifies, obligations snd encvmbrances of every natwe end kind now on said describ~d
~ P~ope~tY. or tFut hereaNer msy be irnposed, wffered. P~+ced, levied, or auesied theraoe+, a tAat hereahK m~y be kvied or aisessed upon tha Mo~tQ-
; +9e, o? tM indebtedneu secured hereby, sxh and every, wMn due ud p~yabk, acco?d'ug w law, before they becane detinqueM, ~nd befw~ u~y interest
attaches w any penalty is inturred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII EE PROAMilY SATISFtED AN~ DISCFiARGEO Of
RECOR~ AND THE ORIGINAL OFF(CIAL DOCUMENi (SUCH AS, FOR INSTANCE, iHE TAX RfCE1F? OR TliE SATISfACT10N PAPER OfFIC1AllY ENDORSE~
OR CERTIFIED) SMAII SE PUCED IN THE HANDS OF SAIp MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; ~nd in the event that any thereof is not
paid, sat'afied and diuharged sa:d MORTGAGEE m~y st any time pay the aame or any part thtreof without wsivin9 w affectirg any option, fier+, sqvity oi
•~qht u~der or by virtue of thn mortgage and the fvll amovnt of esth s~d every such payment shall be imrtrod'utely dve ~nd payable and thsll bear interes~
~rom the date thereo! uMil paid at r~te of n~~e per tentum per ~nnwn snd togethe~ + t shdl by~,~ by tM Oiea of th:s moryt+Qe. ;
B~K~~PA6f i7
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