HomeMy WebLinkAbout2170 ~ _ ~ ; _ 261'7'73
TH15 INDENTURE, Mad~ tM 30th day of _ ~uly A.~. 19~~.._, bNw~sn
Wayt~ Construction Coapany, a Rlorid~ Corporation
of S~. L~'~~! Cp~nty florid+, hereinafta ~design+ted ~s 1F~s "MORTGAGpR;' ~nd fIRSi fEdERAI SAVINGS AND IOAN
ASSOCtAT10N OF fORT PlERCE, a cwpor~fion orpa~ized and eai~tinp und~r !h~ I~ws of 1M Unit~d S~~t~s of Arn~~ic~ ~nd Mvirg iri principal pl~c~ of
busir~tu in ~M City of Fwt PiKn, St. luci~ Counry, Fiwida, Mrtina(tK dt~iq~ated iM "MORiGAGEE."
WHEREAS ti+~ MORTGAGOR is juitly indtbtd to tM MORTGAGEE in tM sum of : 34, 300•~ 9p~ ~awful mw~ey of the Un~ted
States adv~nced by th~ MORiGAGEf ~nto tha MORTGAGOR, as evidenced by a certain piom;uory note of evsn date he~ewith, of which the tollowinp in
wads ~nd fiyur~i b ~ trw copy, to-wit:
= 34~300.00
1002~2 3
F,rt Pie~n. F~,,;d,. July 30 ~y 73
~ fw value raeived, 1, we w eithcr of us, prom~se to pay, witho~t defalca~ion, to the orde~ of FIRST FfOERAI SAYINGS AND IOAN ASSOCIATION OF
~ FORT PIERCE st Fwt Piace, Florida, the sum of 34-300-00 with interest /rom date at the rate of 8•096 p!r snnum, in monthly in~fslb
rrKntt u foltows: = 265•~ ~ 2L1tf1 day of NOV~@~b@r , lq 73 and a like sum on rhe cwrespond~ng day of each month therr
\ afte~ unti! the whole be fully paid.
~ Eath instal~ment first shall bs applied in payme~t of the interest ~~d then o~ the unpaid balanca of the printipal tum. 1f detault is made i~ tfis
~ payme~l of any installment when due, and svch defauh continves 30 dayt, then at the option of 1he holder, and without any other notice, alI the remainin9
installments shall be due and psyable at once. Privileye is yiven to prepay this note in whole or i~ put it u?y time without penalty. Neither forebearance,
nor acceptance by the holder thcreof after any default in any paynxnts he~eon, shall be deemed cx~ension. A late payment chsrye of = 13.2-~r„ shall be
j added to ea<h installment remaining unpa~d 7 da~n after its due dats, and a like sum shaN be added to each such insta!!mm! temaining unpaid 7 days sfter
n each s~rcceeding payment dare.
~ Exh maker, surery and endwur hereof, jointly and uverally, waivcs demand, presentment protest and notice of protest fw nonpsyment, and funher
agrees to any extensio~ of time oE payment, either before or after maturiry, wi~hout notice to any of us; and to pay ail msts of colladion, includ;np a
reasonable attaney's fee in tAe event of any defautt hereunder, and hereby sevcrally waives all benefit of homestead and exemption under the cautit~tan
5 and laws of cach State of the United States, as against this obligaiwn or any exte~siw~ or rcnewal hereof.
C
w~t~ess ~he haod a~+d seal oF each party, WAYNB CONSTR~TION COI~PAAIY
4
ls~~U
~ BY: s~ Wayne U. Sines. Jr., Pzes~t
Corporate Seal Affixed
(s~?U
~ ~ $ 51.45 ~ AT?BST: s/ Patricia A. Sines~ Secr~t~r
a Stete Revenue TYeasurer
1 NOW, THERfFORE, the MORiGAGOR for ths r ~ 3~'O0
~ pv poss of secvring payment of said sum of = ~ and the perforrrunce of tM
~ cavan~~ts snd agreements hereinaftcr expressed, and for divers good ~nd v~tu~ble cons~deratrons, by these preunts, does gr~nt, bu~sin, ull, temise,
relea~e, tor?vey ~nd conf'um unto the MORTOAGEE, its waesso~i and auign~, ell that certain lof, picce p puce! of land, situ~te, lying, and beirg in 1M
County of St. L'L1C~e +nd State of Flwid~, dewibsd ~s follawi;
Lot 2, Block 127, 90UTH POR? ST. LUCIB UdIT NO. 4, as per plat thereof
on lile in Plat Book 13, Page 11, of the Public Records of St. Lucie
County, Florida,
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( togethe~ with all snd singular tF~e tenemeMS, hereditsmenh ~nd sppurtanca thereunto belonging q in snywise appert~inirg fhereto, and dl renb, iss~res,
i proceeds and profits acuuing snd to acaue from s+id premi~es, all oi wh;ch sie inckrded fn the above and foreyoin9 description ~nd habe~dum,
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G TO HAVE AND TO HOID ti?e above described and granted premises unto the said AhORTGAGEE, its suueswn snd ~uigra forever. Md the said
~ MORTGAGOR fo~ it5 hein, e:ecuto~s, admi~istntors and suigns, hereby tovenanb with the uid MORTGAGEE, lts u+cceason ~nd asi~pns,
k rhat ~ t ~ Q - Iawfull seized of the said
y prcmises in fee simple; tFut the ssme are frse, clear ~nd d'~schuyed from NI liero and ~ncwe~
brances in taw w in equity, and that lt w;11 snd it3 hein shall warrant ~nd defend the titl~ to the ssm~ to tM said
MORTGAGEE, its succes~s snd assgns, fo~cvcr agairutt the Iawful ciaims and demands of all penoro;
PROVIDED, AlWAYS that if the MORTGAGOR shaH pay unto the AAORTGAGEE the promiuory nots hereinbefwe deacribed u+d sh+ll truly, promptly
and fully perfwm, diuharge, execute, compkte, comply with and abide by esch snd every the stiputationi, sgreements, conditions and covenants of uid
promissory note ~nd of thi~ Mortgage, then this Mwtgsge arid the Estate hereby ae+ted shall uase and be null and wid.
IT IS UNDERSTOOD that tFro word "Matgagor" whethcr in ~he singulsr a plwal ~nywMere in thi~ Mortgsye, shall be sfrpulu if one only and
` sball be plural jointly and uverally if more tMn one, and tMt the wwd "their" as used ~nywhere in this Matgage shall be takm to mt~n "his," "hen;'
~ or "its," wherever the context w implies w admits. Alw, that wherever there is • reference in the coverNn» ar+d ~yreement~ h~rein contained to ~~y of
the parties herero, t!x sams ahall be construed to mean as well as the hein, kysl represent~tives, wccessors and aup~n (eitFx? votuma~y by act of th~
t n
~ parties or involunt~ry by operafiw~ of the law) of tix same and that the covenants herein contained shall bind and ths benefib and advantapq irwn
` +o the respective hein, legal representativq, successws and au~g~s of ths parties herero.
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s And said Nbrtgagon, for themsetves end tMeir F~ein. legal representafives, wcceuws end suigns, hereby joiMly and severally tover?~nt and ~r~e
3 ro and with tha said MORTGAGEE, its successors ~nd assgns:
+ 1. To psy all and sinqu~ar the princip~l and interest and the various snd sundry sums of money payable by virtue of ssid prom;ssory note, ~nd thi~
mort9aye, each and every, promptly on the days respcNively the same ssverally becpne el~e.
~ 2. To p~y all and singula~ the taxes, asiessmenn, kviei, liabilities, obl' alions and encumbrance~ of ev
~Q ery Mture and kind ~ow on said deactibed
g Property, or that hereafter may be impo~ed, suffered, placed, levied, o? ~uessed thereon, q tMt he~eefter may be lev'~ad a usessed upon this AAottq-
= age, or the indebtedness iecured herebY. esch and every, when due ~nd payable, accwd~rg ro law, before they becwn~ delinqvent, and befw~ aMr (Merest
~ at?acMes or any penslty is incurred; AND INSOFAR AS ANY THEREOf IS OF RKORp THE SAME SHAII 8E PROlNPTLY SATISFIED ANO ~ISCHARGED OF
` RECORD AND THE ORIGI13Al OFFICIAI OOCUMENT (SUCH A5, fOR INSTANCE, TNE TAX RECEIPT OR THE SATISFACTION PAPER OfF(CIALLY ENDORSEO
? OR CERTIf1ED) SHAII 8E PLACEO IN THE HANDS OF SAID MORTGAGEE WlTHIN TEN DAYS NEXi AFTER PAYMENi; and in the event that any thereof is not
° paid, sat:sfied snd dixharged sa:d MORTGAGEE may at any time pay the ssme or any p~rt tF~ereof witho~t weivinp o? sffedi~g any option, I'ien, eq~ity or
~~qht under or by virtue of this mortgsge and the full amount of each and every such psyment shaN !x immedistely due and payabk ar~d shall bear enterest
< <<om the dite thereof until paid at rate of nine per centum per ann~m and toyether witheu* II be the lien of th:s nar~tspe_
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