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Home My WebLink About0474 CORRBCTIVE MOR'TGAGB 262699 " ' ~ THIS INDENTURE. Mad~ ~he Sth day of `~Vly ' , A.O. 19 73 , batwten Codv L` ~ailgy and Caucolyn A. Bailey~ his wife of _ St . WC~@ ~ Cp~~y Florida, Mff/M~IN designated ai tM "MORTGAGOR;' ~ed fIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE, a corporation wpani:ed and existinp unda tM lav~n of tM United St~ty of Ame~iu and luvinp ttt principal plsc~ of busir»is in tM City of Fart PiKC~, St. l~ci~ County, Flaida, herei~~fttr desipnated e~ tM "MORTGAGEE." WHEREAS tM MORTGAGOR h justly ind~bt~d ro th~ MORTGAGEE in the ium of i 236 ~ 8OO ~ 9ood and lawiul money of the Un~ted Sta~ss advanced by ths MORTGAGEE unto the MORTGAGOR, as evidenced by a certsin promiuory note of even date herawith, of which iM followirp in wo~ds and (ipures i~ • trw copy, to-wit: ~ 236,800.00 ~„10020141 Fort Pierc~. F{orida. •JUl~I 5 ~q 73 Fw vatue received, 1, we or eithe~ of us, promiu fo pay, withouf defalcatia~, fo the ordet ot FIRSi FEUERAL SAVINGS AND IUAN AJSV(,IAl1UN Ut FORT PIERCE at fort Piercs, Florida, the sum of = 236 ~ 8~. Q~ w;th interest from date at the rate of S• ~96 per annum, in monthly instell- ments sa fol!a~vs: t 1~ 983. ~ a, 20th d,Y ofJanuary ~ ~9 74 snd a like sum on the corre?por?d~np day of each month there- after until the whole be fully psid. Exh installment first shalf be applied in payment of the interest snd 1he~ on the unpaid b~lance of the pri~t~p+l sum. If default is made in the payment of any installment when due, and such defevlt co~tinuas 30 days, then at the optan of the holder, and without a~y other rnatice, all the remainin~ instalime~ts shall be due and payabls at once. Privitege is yiven fo prepay this nole in whole w in part at ~ny time withovt penalty. Neither forebearance, nor acceptance by the hoSder thereof after any default in any payments hereon, shall be deemed extension_ A late payment charge or s 99T~15 sh~~~ bs added to each insfsltment rcmaining unpa~d 7 days aftcr itt due date, and a like sum :hall be added to each such installrrKnt remaininy unpaid 7 dsys after each succeeding •payment date. - _ - - _ - - _.Each maker, surety and endorser hereof, jointly and teverally,.wsives demand..pteuntmtnt protest and_notice_of protest fa ~onpaymtnt. and further agrees to a~y extens~on of time of payment, either before a after maturity, without not7ce to a~y of ~s; snd to pay all costs of collection, includ~n9 ~ rea:onabk attwney's fee in the event of any default hereunder, and hereby szverally waives all benefit of homestead and exemption u~der the tonstitution and laws of each State of the United States, as against this obligation w any extension or renewal hereof. Witneu the hand and xal of each party. S/ Cody L. Bailey csewU (s~e?t) S/ Carolyn A. Bailey ~~U (5~?U G ) Stat~ Revenus i9ww~pa~w~ or.w~rwt a~wM NOW, THEREFORE, the MORTGAGOR for the purpose ef sec~ring payment of said sum of j 236 • 8~~. ~ and the pe~fwmsrxe of ths coven~nls and sqreements herainafter expressed, and fw divers good and valuable consideratiorq, by these presents, does gr~nt, bar~sin, sell, remise, releass, conrey and confirm unto the MORTGAGEE, iri succeuors and auigns, all that cert~in lot, piece w pucel of Isnd, situate, lying, and beirg in Ths County of $L . I.ttC le and Srate of Fbride, descr~bed ~a follows: Lots 16, 1~, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28 and 29, Block 1 D; AW Lots 30 and 31, Block 2E; AND The South 13.5 feet of tbat part of L.owell Road lying between Block 1 C and ' Block 1 D, all in SAN LUCIB PLAZA, UNI? OI~, a subdivision~ as per plat thezeof on file in Plat Book S, page 57, public zecords of St. Lucie County, Rlorida, ~ This corzective mortgage is executed and recorded in replacement of that certain E mortgaye which is of record in O. R. Book 216, page 1528 and 1529, which said ~ ; mortgage, through scrivener's error, described above Blocb as being Block 1 D y and Block 1 E. ?be intanyible personal property tax and tt~e docuQentary staap f tax has already been paid. See Class "C'• Intangible Personal Property Receipt f No. 133328. ~ ; itEMt:~Cfl a~ IN PAYMENT OF TlI~ ~ p, 1SS 'C ~N1AM61tlE PERSA'~L~1C 4''~l.'E,~t. ; R p~~(i TO CHAPIER 71-134. AC7S OF ~y~ ~ ~ p0apt rORRAS ~PRK di~1NT OOUiRT~ ~T• ~E 00,, FLJI ~ _ t ~ togetF~er with sU ~nd singular the tenements, heredit~menri and sppurtances thereunto belongirg a in u?ywi~e appatainirg thereto, aod all renri, iuws, ~ ~ p~oceeds and profin sccruing and to ~caue from ssid prem~ses, all of which are included in the abovt +nd foregoing description and habernium. i TO HAVE AND TO HOLD the ~bove described snd granted p?emises unro the said MORTGAGEE, its waessors and auiyns forewr. Md tlw s~id ~ MC~RTGAGOR fa th@lI ~~rs, executws, administrstors snd sssigns, hereby covenanri with the taid MORTGAGEE, in wccesson and auipm, ~ rhat theg_. are Iswfully sei:ed of the ssid premise: irt fee ~imple; that the s+me ~re frse, clear and discMrged lrom •II liem and N+cvm- ~ brar?ces in law w in equity, and that they w~~~ their heirs shall w~~rant and defend the tiHe ro the tame to tM wid ; MORTGAGEE, its tucceuors snd assigns, forever agsinst the lawful claims and demands of al! persww; N - PROVIDED, AIWAYS tMt if 1F?e MORTGAGOR shall pay unto the MORTGAGEE the promissory note he?einbefwe described and shsll truly, promptly ; and fully perform, dixharge, execute, complete, comply with and abide by each a~d every the stipu(atans, agreements, condir~w~s snd cover?~nn of sad ~ promissory note and of this Mortgage, then thi~ Mortysge and the Esute hereby aeated shsll cease and be null ~nd void. ~ IT IS UNDERSTOOD th~t the word "Nlortg~gw" whether in the singular w plural anywhere in this Mortgspe, shsll be sirgvlu if on~ only ~nd ° ~ shall be plural jointly sad seveully if more /han one, and thst the wwd "their" as osed s~ywhere in thi~ Mortgage shall be taken to mean "hii;' "hen;' ~ ~ or "its;' wherever the co~text w implies a sdmits. Also, that wherever there is a refe~ence in the covenann and apreemenb herein oont~i~?ed to ~ny of : the parties hereto, the ssme shall be construed to me~n st well as the heirs, legd representatives, succeuon +nd auigns (either voluntary by ad of th~ ~ parties or involuntsry by operation of the lew) of the iame and thet the covenants herein tontained iMll bind and ths benefits and adwnbpq inur~ +o the respectivs heirs, kyal repreuntativei, succeuon and ~u?gns of the partits he?eto. And ssid Mortgsgors, for themselves and their heirs, Icgal representatives, auccesson and auigns, hereby jointly and severally coven~nt ~nd apree ro and with the said MORTGAGEE, its successors snd auigns: zc 1. To p~y all and sirgulsr the principal and interest snd the v~rious and aundry surm of money payaWe by virtue of said promissory note, and this mortga9e, e+ch and every, prompfly on the days respectively 1Fw isme severally becoms due. 2. To afl ~nd si , p+y nguiar the taxes, assessmenri, levies, lisbilities, obligations and eiu~mbrances of every n+turs ~nd k;nd now on said described property, w tfnat hereafte? may. b~ impotad, wffcred, plxed, levied, or ~uessed thereon, p th~t hereafter may be levied or ~ue~sed upon this Mort¢ ~ ege, a the indebtedneu secured hereby, each and every, when dve and paysble, sccordinp to law, befor~ they become delinqvent, and befw~ any Interes~ ~ a~tacFxs or any penalty is inturred; AND INSOFAR AS ANY iHEREOF IS OF RKORD THE SAME SHAII dE PROMPTLY SATISf1ED AND OISCHARGED OF $ RECORD ANO THE ORIGlNAL OFfICIAt DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENDORSED ~ OR CERTIfIED) SHAIt BE PLACE~ IN THE HANDS OF SAID MORTGAGEE WITHiN TEN DAYS NEXT AFTER pAYMENT; and in the event that ~ny thertof is not ~ ~ pa~d, sat"sfied +nd d~xharged sa;d MORTGAGEE msy at any time pay the ~ame w any part the~eof without w~iving or sffectiny any optan, lien, equity w •~~ht under o~ by virtue of this mortgaye and the full amou~t of each and every tuch payment shall be immediately due s~d payable and sha~l besr i~terest ~•om the date thereof until paid at rate of r.~ne per centum per annum ~nd toyether with such iNerest ~hall b! sec~red by the lien of th:s moryta9e. ~ 8~~K218 PAGE 474 _ . : _ . _ : ~ _ _ : . _ ~ - . _ - -