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HomeMy WebLinkAbout1015 2630~~ THIS INDENTURE, Mad~ tl~s l~h day of August A.D. 19_?3 belw+en Roc~cr A. Cowell and Sheila Crnvell. his wife af $t • L'uCie Couny flwid+. hereioa(1et detig~ated +s ?he "MORTGAGOR;' ~n~3 YrR$T FEbERAI SAVIN~S AND IOAN ASSpC1ATiON OF FORT PIERCE. ~ corporation oryanized +nd existinq under tM laws oi ths Un~tad St~t~~ of America and h~vinp its principa) pl~c~ of bu~iesss in tM City of fat Piau, St. lutis County, Florid+, hereinafter dt~pnated.a~ the "MORTGAGEE:' WHEREAS tM MORTGAGOR is iuitly inJebt~d to ih~ MORTGAGEE in ihe sum of ~ 43 ~ 7OO' 0~ pood and lawful money of Ihe Unilcd States advsnced by ths MORTGAGEE unto the MORTGAGOR, as evidenced by • certa~n promissory note of even date herewith, of which the fotlowirp in words and figurts i~ • trw copy. lo-wit: s43,700.0U ~ 10020318 Fort Piarce, Flaids, AU9uSt 1~ ' ~y73 wee~~ennu ne . , : . . . . . ...w.. ~ Fw value rocerved. 1, we or eithcr ot us. Prom~se to paY. wunout aetaicauon. ~o ~~w u~ue~ vi ~~^~s ~ iORT PIERCE at Fort Pierce, Fb~ida, the sum os ~ 43, 700~ ~ ,r,,;~h interest from date at the rate of 8~ 7•76 pe? annum, in monthly in:qll- ~ 360.00 20t December 73 ~ ments as follows: _ on the ~ay of , 19 and a liks sum on ths cwrespw?diny day of exh month therr '1 aiter umil the whole bs futly pa~d. Each installment first ~hall be appGed in payment of the interest and then on tha unpaid balsnce of the principal sum. If defauh is made in tha ~ payment of any installment whcn due, an~ such defavlt continues 30 days, then at the option of the holder, and without any otlxr notice, all the remainir?p ~nstallments shall be due and payable at axe. Privilege is 9iven to prepay this note in whole w i++ p~rt at iny time without pen+lty. Neither forebearance. J nor atceptance by the holde~ lhereof site~ any default in any paymrnts hereen, shall bt deemed extension. A I~te payment charge of S~'8~ sh~~~ be added ~o each installment remai~ing unpa~d 7 day, afwr as dus daie, and a like avm shall be added to each such instaflmeM remaining unpaid 7 days ~her each succeeding payment date. Each maker, aurety aod endwser hercof, jointly and teverelly, w~ives demand, presentment protest and natice of protest fw nonpayment, snd funher ~ agrees to any extension of rime of payment, either be(ore w after matu~ity, without notite to any of us; and to pay all costs of collection, including • , ~easonable atto~ney's fee in the evcnt of any defautt hereunde?, and hereby seve?ally waives alt benefit of homestead and exemption ~nder the corotitutan ~ and laws of each State of the United States, as against this obligation w any extension w renewal hereof. : , Witness the ha~ and xal of each party. cs~?u. s Roger _A. Cowell ~q ~ (seai) ' , s e a awe ~ ~ $65.55 ~ state Revcnue ~ ~raaqpr~ter+~nedvn~s9+narn~lf --NpVll, THEQEEOQF tF,a MoRTGAC-nR fw the_~rpose_of sec~ur~i _p~~yment of sa'~d sum of s 43 ~nd the perforn++nce of ths covenants and egrecments hereinafter expressed, and fw divers good and v u+l>Tcons~de~aTion3; Gy-' . ~4+~^~--~-i~""~~• release, convey and confirm unto the MORTGAGEE, ib s~ccessors and auigns, all that ccrtain bt, piete a partel of land, situate, lying, +nd being in 1he County of St LL1C1E and State of Floride, dewibed as follows: Lot 4, Rlock 42, RIVER PAR1: UivIT 4, according to the Plat thereof recorded in Plat Book 11 at Page 4, of the Public Records of 5t. Lucie County, Florida, ' ~ STATE ~F ~LORiDA ~ ~ i ~Z p' ~OOCUMfNTARY ~,STAMP TA> ~ . -rf~ i °c-~ N DEPT.O~ REYENUE s _ P& ~ SfP-i'1~ y- : ~ v~7. 5 5 t 6 ~ O ~~1~2 •~'~wA i F ~ b RECEIYED ~7~ IN PA1fiAEN~ OF TNtES DtlE ON CIASS'C' INIANGIBLE PERSOti~ll P10?ERI~f. C jp qt11PTER 71-13~4. 11QS OF 1971. 1~ „ ~ Rp(~,~ PpITRJ1S ~ ` ~~q1 ppURT~ S~ LDCiE OQ. fUl rogether with ail ~nd singular the tenements, hereditaments and sppurt~nces thereunto belonging o~ i~ anywise ~ppertaining therefo. u+d aU renri, iuues, proceeds ~nd p~of~ts accruing snd to acuue from said premises, all of which are irxluded in the abov~ snd foregoiny description and habendum• TO HAVE AND TO HOID the sbove described +nd granted premises unto the taid MORTGAGEE, ib successors and euiyns forevat. And th~ s+ld MORTGAGOR fw tY~eir executas, sdministntws and auigns, lxreby tovensnri with the said MORTGAGEE, ib succeswn and suiyro. the are ~ rhat lawfully x~:ed of the said premises in fee simple; thst the same are frse, clear and discharged from ~II I'~sns and en~vm~ brances in law a i~ equity, and ths+ theY_ ~erill and -~t1~- hein thall warraM and defend the titie to the sarn~ to tF~e said MORTGAGfE, its tucceuon snd augni, fwever sgainst the lawful claims and demends of ~II penons; PROVIDED, ALWAYS thst if the MORTGAGOR shsll pay unro the MORTGAGEE the p?omisswy note hereinbefore destribed and sMll truly, promptly 4~~ and fully perform, diuharge, execute, complete, comply wifb and abide by each snd every the ttipul~tions, agreemenri, conditioos and covenann of said ~ proMissory note and of this Mortg~ge, then this Mortysge snd the btate hereby ueated sMll ceas~ ~nd be nvll and void. t3; IT IS UNDERSTOOD that the wwd "Mwtgsgor" whether in the singular w plursl anywhere in this Mwtyape, sh+ll be sinyulu if one ooly and shalt be plural jointly ard severally if more than one, and that the word "their" ~s vsed anywhere in this Mort9spe shall be tsken to mean "his;• •'Mn•• or "its;' wherever the consext w implies or admits. Also, thst wherever there is a refe?ence in ths covenartu and ~yreements herein aontained to sny of ~r the parties hereto, the tame shslt be construed to mean as well ss the heirs, leyal rspresentstives, wccesson +nd ~ssi~ns (either voluntary by act of tFw parties o? invoiumary by ope?ation of the law) of the same ar+d that the covenantt herein contairxd sMll bind and the b~nefita aod adwntpes inur~ p; fo the respective heirs, legal representatives, wcceasors and au°yns of the psrties hereto. ~ And said 1Nortgagors, fa themsetves and their hein, leg~l rep~esentatives, sucusson and suigns, hereby jointly and severslly cwenant snd ~yree to and with the said 1NORTGAGEE, its ivccesiors and assgns: 1. To pay +II snd sirgular the principsl and imcrest and the variovs ~nd sundry sums of mo~ay psyable by virt~e of ssid promissay note, and this mo~tgage, each and every, promptly on the days respectively the same severslly becoms due. ~y ' 2. To psy ~II ~nd singular the taxes. +ssesune~b, tevies, liabilifie~, obligstio~s ~nd er?tvmbrances of ewry nature and kind raw on said desuibed ~ properry, a th~t heresfrer msy be imposed, wffered, placed, levied, w sssessed thereon, a tMt hereaftar may be levied w asseued upon this Mort9- ~ age, or tl+e indebtedneu secured hereby, each and every, when ~d~e and pay~bte, sccwdinp to law, before they become deli~qvent, ~nd befw~ ~ny int~r~it ~ atraches or any penalty is incvrred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF RECORO ANO THE ORIGINAL OFFICIAL DOCUMENT (SUCH AS, FOR INSTAN~E, THE TAX RECEIPT OR THE SATISFACTION PAPER OfFICIAIIY ENDORSED ~ OR CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in the event that +ny thereof is not paid, sat'sfied snd d7schar ed said MORTGAGEE ma st an time the same w an rt thereof witiwvt wsivi a ~ffecti an tion, lien, eq~rity w y Y Y WY Y W ~9 ~9 Y oP = •~aht under or by vi~tue of this mortgsge and the fvll amount oi each and every such payment sh~ll be immedistely due and payable and thall be+? interest ~~om ~he date ~hereof untii paid at rate of n~ne per ceitum per annum and toyether w~th suth interest shall be secured by the lien of th:~ morytsye. ~ p gpOK ~~O PACE ~U1~ ~ , _ 1~ ~ , _ _ _ < < _ . . - v '~--F