HomeMy WebLinkAbout1673 . 261445 4
THIS INDFNTURE, M+d~ the 10th day of AUq~iSL A.D. 1973 ~ between
Ke~dall P. Stsszatt and Patricia Sta=ratt, his w~,e -
i
of SZ. Ll1C~@ Cpunty florid~, htrtinafter d~~ignated +s ths "N10RTGAGOR;' ~nd FIRST FEDERAI SAVINGS AND IOAN
IlS50C1AT10N OF FORT PIERCE. ~ owporatan wpanized u?d exi~tinp unda tM laws of tM U~ited Stat~s of Art~ka and havup iK prlncipal pl+c~ of
bus'w»ss in IM City of For1 PiKC~. St. lvci~ County. Florida. Mrein~her d~sipn~ted ss tFw "MORTGAGEE." '
WHEREAS tM MORTGAGOR a jwtly ind~btsd 1o tM MORTGAGEE in 1M sum of i i~ 0~• pood +ed ~swfvl money of the United
S~ata advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by • c~rt~in promi:sory note of eve~ ~te hertw~th, of whid+ the followirp in
words ard fiyuret is a trw copy. to-wit: ' ,
=~110 ~ . ~ ~ 1 ~ZQ327
fort Pkrc~, flwida. AI,IgLLSt 10 ~y 73
For wlue received, I, we or either oi us, promise to pay, without defalcaiwn, to the wder of FIRST FEDERAI SAVINGS AND IOAN ASSOGIATION OF
FORT PIERCE at Fpf Pierce, f{orida, the sum of =110~~~. ~ w;th interest from date st the r~te of .~_96 per an~um, in monthly i~stalM
menrs as follows: ~ 99d on tM ZOth day of January ~q 74 and a like sum on tM cwrespa~dinp day of cach momh therr
afta u~til the whole be fully paid.
Each installment fint shall be applied in payment of ths intereat ~nd then on the unpaid balance of the p~incipal sum. If default jt nwdl in 4lrt
payment of ~ny installment when d~e, snd such default continues 30 daya, then at the optan of the holder, snd without sny other nvtice, s11 the remair+'wp
installmenb shall be due and payable at o~ce. Privilege is given to prepaY this note ir~ whok w In part ~t iny Y~me without pen+:fy. Neither forebsara~e.
nor aaephnce by the holder thereof sftH ~ny defauit in any payments hereon, shall be deemed extension. A late payment charge oi 4~
9! _.50 ~
added ro sach i~stallment remainir+g unpaid 7 days after its dw date, snd a iike sum shall be added to each such installment ?lm=inu~ u~paid 7 ~Iiy1 \ftO1
each succeeding payment data
Each maker, surey and endorser hereof, jointly and severalty, waives dema~d, presentment protest and ~otice of protest fa nanpaymen4 +nd furthar
agrees to sny extension of time of paynxnt, either before a af~er maturity, without notice to any of us; and to pay all costs of collection, i~+cludirg ~
reasonable attorney's fee in the event of any default hereunder, snd hereby severally waives all benefit of homestesd and exemptit.~ vnder the constitutior~
and laws of each State of the United States, as against thi~ obligation or sny extension a renewal hereof.
Witneu the hand and sea! of each party.
S/ Kenda?11 P. Starratt ~wy
(s~)
S Patricia Starratt ~,U
(s~?q
~ $165.00 t State Revenue
(Sr~p~o~ Y~ oc a~e~t ~seifai
NOW, THEREfORE, the MORTGAGOR fw ths purpose of securing p~yment of asid sum of =110 ~ OOO ~~d the Pe?formance of th~
covenanb ~nd apreemen» herein~fter e~cpresud. ~nd for d~vcrs good u~d wlwbl~ consideratioris, by thes~ presenb. does grant, b~ryain, sell, remise,
release, convey snd tonfirm unto the MORTCaAGEE, its svcceuors +nd auigns, all that cert~in lot, pieoe w pucel of land, sitwte, lyirg, and beirg in ths
~ St . Luc ie ~nd Stat~ of Florida, dcwibsd ~s follows:
Fzon the Northwest corner of the Noztheast ~ of the Northeast of Section 20,
To~rnship 35 South, Range 40 East; sun East 170 feet; thence run South parallel
with the West line of said Northeast ~ of the Abrtheast 1~, 149.5 feet to the
South right of way line of Virginia Avenue and the point of beginning; thence
continue South 172.70 feet; thence run Bast parallel with the North line of
said Noztheast 1~ of the Northeast 270 feet; thence zun North paza2lel with
the West line of said Northeast 4 of the Northeast 4, 172.91 feet to the South
line of Vizginia Avenue; thence run West along said right of way 2'70 feet to the
i point of beginning.
; LESS AND EXCEPiING the West 17 feet thereof.Y
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S~~ ~F LO R 1 D
A i ~ctNS ~o t~r~r aF no~s
EN~ARY .~.,.,.STAMP tA x ~ p~ p~ a~•C ~~~pp~ry~
a"' o~PT. o F nc
v Ehu~ ~ ~rs aF i~n
~ ~ttr~wt te aNrrot ~tas~.
. 18 5. 0 41 ' aoa~. ~o~r~s r~~~
=~~~o: . ~ a~ awairr aou~r, st wc~ a0. ~u
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togefher with al) ~nd singular the tenements, hereditamenb snd ~ppurtances thereuMO belonginp or fe~ anywue appeAaininq thereto, and aU r~nb, iuues,
proceeds •nd profin acc?~ing ind to accrue from said premises, all of wFiKh sre included in the above and fareyoiny description and h~bend~m.
TO HAVE AND 70 1iOW the above dewibed and ynnted premises unto the s~id MORTGAGEE, it~ svaessors and +ssgns forevM. Md t!N wid
MORTGAGOR fw th@1! ~~rs, executon, administrators snd asigns, hereby oovenants whh fhe said MORTGAGEE, its sucteswrs ~nd wigro.
that ~-heY
are _ ~,,,,,f„iiy Mized of the said premises in fee simple; that the s~me are free, ck~r ~nd dixhar~ed from ~1) liens u~d +~w~
brsrxes in !aw or in eq~ity, snd that they will +nd thel= hein sha11 wurant and defend tM titk to the sun~ to the taid
MORTGAGEE, iri wcceuors and assigra, forever against the lawful claims snd demands of all persau;
PROVIDED, ALWAYS thst if the MORTGAGOR shall pay uMO the MORTGAGEE the promissory rat~ hereinbefore dexribed and sh+ll ttvly, promptly
1` and fully perfwm, discMrge, execute, comptete, comply with and abide by each snd every the stipulations, ~greemenri, conditaro and covenanri of taid
promiasory rate and of this Mortgsge. ~hen this Mortgage snd the Estste hereby aeated sFNll cesse and be rwll and wid.
IT IS UNDERSTOOD that the word ••Mort9agor" wlxtF?er i~ the singvlar w plwal anywhere in this Mortgsye, ahall b~ si~+pvlar if one only and
shall be plural joimly and severally if more than one, and that the word "their' as used anywhere in lhis Mortpa~e sk~ll be taken to mea~ "his," "hen;'
- w"in;' wherever the context w implies a sdmits. Alw, that wherever there is ~ reference i~ the coven+nts and ~yreemenri herein oont~ined to am of
the parties hereto, the same shall be c«utrued to mesn ss well si the hein, kgal r~presentatives, wcceswn ~nd auigro (either voluntary by +ct of th~
partiea or invotunt~ry by operstion of the law) of the same and that the covenants herein contained thall bind ~nd tFw benefiq and adv~ntay~s uwr~
to the respective he'us, leyal represeMStives, successors and ~u~gro of the psrties hereto.
qnd taid Mortqagors, fo~ themselves and their heirs, legsl representatives, sutctssors and assiyro, hereby jantly ar?d sevetdly covenant and apree
} to and with the wid MORTGAGEE, iri s~rccessors and euigns:
1. To pay •II and singula ths principsl and interest and the varian and svndry wms of money p~y~bb by vir~e of ssid promissory note, and this
mongsye, each and evary, promptly on ths days respectively the ssme sever~lly becortw d~e.
2. To psy all and sirgulu the tsxes, asiesunenn, levies, lisbilitia, obligations a~d encwnbr~nces of every nature and kind now on said dewibed
property, or that here+fter m~y be imposed, suffered, plxed, levied, or asussed thereon, or that here~h~r may bs kvied o? usessed upon fhis Mat¢
• age, or the &+debtedness secured hereby, e+ch and every, wheo due ~od pay~ble. ~ccordin~ to law, befae they becoene d~linqueM, u~d befw~ ~ny intadt
+ artathes or a~y penalty is incurred; AND INSOfAR AS ANY THEREOf I$ OF RKORD THE SAME SHALL BE PROMPTIY SATISFIED AND DISCHARGE~ OF
RECORD AND THE ORIGINAL OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIP7 OR THE SATISFACTf'viV PAPER OffIC1ALlY ENOORSED
OR CERTIFIED) SHAII BE PtACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; a~d in the event that a~y thereof is not
paid, saYsfied and discharged sa:d MORTGAGEE may at any time p~y the same w any part thereof witFa~t wsiving ot +ffectiny any optan, lien, equify a
~ ~~aht under or by virtue of this mortgage and tF+e full amount of each and every such psymeM shall be immediately due +~+d p~yabk and s!?all bea~ int~rest
~ kom t!x d~te thereof until psid at rate of nine per tentum per snnum and toge~her witb s~ch ipte~st~y~y,ll~e setured by t~~ of th:s morytspe.
BGOK ~~17 PACE 16
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