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Home My WebLink About1488 263391 ~ " CORRECTIVB MORTGAG6 • TKIS INOENTURE. M+d. it~s 15th d,y ,r JLne = ~.o. iv~.3_. t,.~We«+ ? ~ HaApton M. Elliott and Valezie Jo Ellfott~~ his wite • ~ - of St . LLIC~@ Covnry Florida, Mnin~ft~r d~~ignated ~s tM "MORTGAGOR." snd fIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE, a capaation wp+~ised and ~xiitinp v~ tM laws of tFw Unit~d Sid~s of Am~rica ~nd Mvinp its principal plau of bu~irNU in tM Gity of FoA PiKU, St. tucis County. Fbrfda, Mni~ufter d~sigruqd ~s tF» "MORTGAGEE." ' WHEREAS 1M MORTGAGOR a juitly indsbt~d ro th~ MORTGAGEE in tiw sum of ~ 27J.0~ , pood ~nd I+wful nwneY of ~he Uni~ed States advanced by tM MORiGAGEE unfo the MORiGAGOR, ss evidanced by • certain promiuwy not~ of even date hawvith, of wh;ch the followinp in wwds u+d fi9ures is ~ trw copY. to-wit: = 27,000.00 ~,100?.00~2 Fo.f Pierc.. F~o.id+. Juae 1S, 1913_ For valve received, 1, we a either of u~, prom~se to pay, without defalcation, to the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF rORT PIERCE af Fat Picrce, Florida, the sum of S 27 a~0 with interest from date at the rste of Z.1~96 pe+ ~nnum. RwNfiIY instalb ~nenfi ~f ~OIlOw3: S?'~ on the Z~th day of Seotenber ~ 1973 ~ I;ks sum on the correspondtn9 day of~each month therr after until the whole be fully paid. • Each installment first shall be apptied in payment of ~he intercsi ~nd then on the ~~pa~d balante of the princip~t sum. If default is msde in fhe payment of any installment when dus, and such dcfault continues 30 days, the~ +t the option of the holde~, snd without ~ny other notice, all the remairting } :nsrallments shall be due and payable at ooce. Privilege is given to prepay this ~ote in whole o? in psrl at ~ny t~me without penslty. Neither forebearu+c~, ~ nor aaept~nce by the holder thereof atter any default in any payments hereo~, sMll be detmed extension. A late paymeM cF?a~9e of i~as~, sha~) be ! added to eath inatallment remaining vnpa]d 7 days after iri due date, and a like wm shall be added to each such inatailmeM remaininp unpaid 7 days afte~ ~ t each succeediny payment date. ? Each maker, surety and endaser he~eof, jointly and severally, wsives demar~d, presentment protest and no~ics of protest for nonpayment, and further ; ay:~ ta aay xxtensiar. ~f_;~Tt.Qf F3,'t?°?3~ ~°fo.e M JINN ma~uriry. without notice to any of us: and to pay aN cosb of coltectan, including ~ t - reasonabk attwney'a fee in the eveM of any default hereunda?, and here5y ieveralty waives ali benefit o~ Aomeatlsd and exemption ~ consi+Wta~? and laws of each State of the United St~tes, aa against this obligstion or any eatension or reoewsl hcreof. ~ Witness the hand and uat of each party. , cs~~?u S/ Ham~ton M. Elliott ~ - ts~?U S/ Valerie Jo Elliott ~ ~ c ) St.fe aewn~,e ~ c~o~ldsareQ~eaao~0 Q7 000 0~ ~ - NOW, THEREfORE, the MORTGAGOR for the pwpose of secwing payment of s+id swn of = ~ • ~nd the perForm+nce of th~ = coven~nts aod agreementt hereinaftK expressed, and fw divcn 9ood and valwbl~ tonsiderations, by these presents, dxs 9r+^t, bar~ai~, MII, remise, ~ ;e!ease, convey ans! confirm unto the MORTGAGEE, itt svcceuors and augns, all that certain bt, piece or puce) of Ianti, situate, lying, ~nd beiny in ths ~ County of St . Lucie ~ State of Florida, dsscribed +s follows: E ~ _ ~ , Lot 15, Block 261, POR? ST. LUCIE, SECTION 24, as per plat thereof on file in Plat Book 13, Page 31, 31-A thru 31-C of the Public Recozds of f f St. Lucie County, F'lorida . ~ . ~ / ~ ~ IN PA`f~AEti~ OF T~~ ~ ~ iIECENE~ PfRil' . ~ N ~ p~ (~JISS'C 1tRANGiBIF Pf~~ i ~aT to ~ ~ ~s '~4 t~.u- ~ ~ ! c~nc aAaun o~T• st. waE ao» ~ ~ ; ~ : _ - , _ ~ This mortgage replaces a aortgage of like amount, same date, to First ~ ~ Rederal Savings and Loan Association of Rort Piezce, Flozida, on which ~ ~ the intar~gible personal property tax and the documentary staa~p tax has i ~ already been paid. See Class "C" Intangible Personal Propezty Receipt # ~ No. 1333d7.~ ~ This-is a corrective mortgage designed to correct an ~ ~ erroneous legal descri tion a pearin9 in that certain ; mor.tgage of even date ~iereivit~i recor7ed in O.R. Book 216, . ; ~ Page 1404, of the public record of St. Lucie County, Florida ~ ~ tegether with all snd singular the tenernents, hereditamen» snd appunances tfiereunto belorgirg w i~ anywise appertainirg thereto, and all renq, issws, t ~ prxeeds snd profia xauirg and ro accrue from aid premises, sll of which are irxluded in the ~bove +rd fore9anp description and haberdum. t TO HAVE ANa TO HOW tF~e ~bove desuribed and ~rsnted premises unto the aaid MORTGAGEE, ib s~aessors and +uipos forewr• Md th~ s~~d = ~ their ~ MORTGAGOR for hein, executon, sdministrators and sssigns, hereby tovenanb with the said MORTGAGEE, ifs suaesson a~d ~ssipro, y they a re ~ rhat lawfully seized of the ssid prem~ses in fee simple; thst ti~e sams are free, ckar and dixharyed from all lise~ ~nd enann~ ~ ~ brancas in Iaw w in equity, and that the~ ,,,,;ii ,,,d thei r heia shall wanaof and defend ih~ fitl~ to the sam~ fo tFw wid i ~ MORTGAGEE, iri successas snd auigns, faever against the lawful cl~ims and dem+nds of ~II penan; • ~ PROVIDED, ALWAYS tF~at if ihe MORTGAGOR ihall pay unto the MORTGAGEE tF~e promissory nota hercinbefore described and sh+ll truly, promptly ~ and fvlly perform, d+xh~rge, execute, complete, comply with and abide by esch and every the stipulatwns, aqreemenn, co~ditiora and covenann of said promissory note and of this Mortgage, tl~en-lhis Morigsge snd th~-fsute~ fiereby-aemd shsH ces~e u+d be nvll ~nd-void: - - Sy; z~ IT IS UN~ERSTOOD that the word "Mortgsga" whether in the singular p plwal ~nywher~ in tbis Mwtgsye, ahsll b~ siryulu if one only and ~ ~ shall be plvral joimly and severafly if more than one, snd that the word "their" as used snywhere in this Mwt9+~e s1?+II be uken to mean "Mis,•• •'hsrs,•• ~ or "Hs" wherever tlx context w implies or admits. Also, that wherever there is • refaence in tM covenants ~nd preemenn herein coetained to u~y of the parties hercto, the same shall be construed to mea~ as well ss the heirs, le~al represantatives, succeswn and ~uiprn (either voluntary by ~t1 of th~ ~ ~ parties w involuntsry by operstion of tF+e law) of the same ~nd that the covenanb F+sreio cont~ined sMll bind and th~ benefin and ~dvmta~s irwr~ ~ to the respeetive heirs, legal rep~esentatives, successors and ass?gm of the puties hereto. { > ~ Md said Mortgsgors, fw tircmsefves and their heirs, legal repreuntativq, successws and assiyns, hereby jointly and severslly covena~t and ayr~e ? ~ ro snd with the ssid MORTGAGEE, its successors and +uigns: - ~ ~ 1. To pay all and singutsr the printip~l and interest and the variovs ~nd sundry wms of maxy paYible bY virtue of said promiuay note, and this ~ mortgsgs. ~ach ~nd erery, promptly on the days respectively the ssme sev~rally become dw. 4 ~ 2. To pay all snd sirgular the ts~ces, auessments, levies, liabi{itie~, obligsYwns and entumbr~nc~s of ~very nawre +nd kind now on said dauibsd r or that hereaf~er ma be i wffered, aced, kvied, or ~uessed thereon, w 1Mt hereaher m~y be Iwied w useased ~pon this Mat¢ ~ P~„Y. Y mP~d. P~ i ~ age, or tiw indebtedneu sccured hereby esch and every, wlxn due and payabk, accordinp ro law, before they becortK delinquent, and befon u~y imerest attathes a sny penslty is int~rred; AND INSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHAII BE PROMPTIY SATISFIED AND OISGHARGEO Of : ~ RECORD AN~ THE ORIGINAL OffICIAI DOCUMENT (SUCH A5, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALIY ENDORSEO i ~ OR CERTIFIED) SHALL BE PLACE~ IN THE HANDS OF SAID NIORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in tFw event tMt any thereof a ~01 ~ paid, sat'sfied and dixhuged ss:d MORTGAGEE may at any time p+y the same or •ny part thereof without waivirq or aftedirg sny option, IiM, equify or ~ ~ ~~qM under w by virtue of this mor~gage and the full amount of each ~nd every iuch payment shall be immediately due aed psyabk ~nd ihtlt bear int~rat ~ ~.om the d~te thereof until paid at rate of nine per centum psr annum ~nd toqether with such~tve~ shall be secured by the lien of tri'.s morytye. ~ ~ : J d~X ~S PACE1 _ ~ : . ~ ~ . . _ _ . _