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Home My WebLink About1628 263493 ~ THIS INDENTURE. Mad~ IFw- Z~b d~y of ~~~t ~ A.~. 19 bNwe~? RaY Baucton snd Ma~cy L. ton~ his wi~~ ~ of St.,~ LtlCi! - . County fiorida, hertinaftK d~tip~ated ~s tM "MORTGAGOR;' •nd FIRST FEDERAI SAVINGS AND IOAN ASSOCIA1tON OF FORT PIERCE. • corpaation wpa~iud ~nd ~xis~lnp undK fM (~vin of 1M UniNd Sat~s of Am~rica ~~d Mvinp iq princip~l pl+cs of bvwas~ tn fh~ City of Fat PiKC~. St. t~ci~ Cou~ty,, Florida. hsreinaft~ daiy~u~ed a th~ "MORTCsACsEE." WHEREAS th~ MORTGAGOR is jwtly indebqd b tM MORTGAGEE in tM ivm of =~~a~~ ~ yoad u+d ~~wfvl money of the United Statss sdv+nced by the MORiGAGEE unto ths MORTGAGOR, ~s evide~ced by a urt~in promiuory note of even dats Mr~wNb, of which ~M iollowiny in wwdi and fipv~es is a trw copy, to-wit: s 38,600.00 r,~, 10020345 ~ ~o.~ P~..~.. fiaw.. Au9ust 20th 1973 ~ Fw value received, 1, we or eitha of us, promise to pay, wilhout defalcation, to ths order of FIRST FEDERAL S/1VINGS AN~ LOAN ASSOCIATION OF FORT PIERCE at Fat Pierce, Florids, the tum of i 38l6~~~ with interest irom date at the rate of 8~7~ per u?num. monthly install- ` 319.00 2otb January ~a menrs as follows: i on the day of 19 snd a like wm on the correspond~ny day of each month therr after until ~he whole be fully paid. Each installment tirst shall be applied in payment of ths i~terest and then oe~ ths unpaid balance of the principal wm. If deisult is mads In the ,_J payment of iny installment when due, anti such default continuei 30 dsy~, then at the opYwn of the holder, and without sny other notice, atl the remaininy ~nataltments shall be dus and payable at once. Privilege is given ro prepay this ~ote in whole or in p~rt ~t ~ny time witho~t penalty. Neither forebearaece, ~ nor aaeptsnce by the hclder thereof after any default in any payme~ts l+~reo~, shall be decmed extension. A late payment charge of s lg~~ shsll bs ~ added to each installment remainin~ unpaid 7 daya after ib dua date, and a like wm shall be added to each such instailmeM remaining unpaid 7 days sftet \ each tucceeding paYment date. ~ Each maker, surery and endorser Aereof, iointy and uve+slly, ws'w~s d~mand, presentrn~nt pro~esf and notics of protest for nonptyment, and funher , i agrees to sny extsnsion of time of payment, either before w after matu~iy, without ~+otice to any of us; and to pay all costs of collection, includiny a ` reasonable attorney i fea in the event of any. detault hereunder, and hereby severally waives all benefit of Fwmestead ar+d exemption under the constitution ~ and laws of each State of the United State~, as sgainst this obligation w any exte~san w re~ewal reof. ~ Witneu the hand and seal of each party. ~~V cs~?u s ay cn ~ ts~.u ~ s y on ~ ~ ( SS?~ ~ ~ Siate Revcnve ~tw~erlbed~~elgbwl~nu~a'r 38, 600. 00 ,~a of th. NOW, THEREFORE, the MORTGAGOR fw the purpose of accvring payment of ~aid sum of s P~ covenants and apreements I+ereinafter expressed, and fw divers good and wlwble ca+sideratans, by these prese~t~, does groM, barpain, sell, remise, release, convey and confirm unto the 1NORTGAGEE, iri succeuors aod ~uiyns, ell that certsi:f bi, pieo~ ot parul of lu~d, sitwt~, lyinp, end btitg in ths C~~y ~ $t ~ I+1M%~• and St~te of Florida, de~cribed as follows: Lot 60~ Block d63~ FORT ST. LUCIB S~CTION 26, accozding to the Plat ths~ceo~ re- corded in Plat Book 14 at Page 4~ of the Pnb23c RecoYds o~ St. Lncie County~ Florida~ ; ~ a m STATE oF FL IDA ~ cz ~ DOCUMEtYTARY ,...ti,, TANIP TAX } ~ DEPT. Oi REYENUE s ~ , ~ NC ~ - = P~;,~r,2~~ _ . ~ 5 1. 9 4-~ _ . ! _ -----Q--=au ~ = 77 IN PAr1~f1' OF TAI~S ~ d~ ON CU1SS C INTMIGIBLE PER9pNlIl P!+.OPQRTr~ - ~ Pl1RSUANi TO Ci1APTER 71-13~. AQS OF 2~i1. ~l~j ROCaF.R PORRAS ~ CiEER}I 61R~UJT OOURT. Si. WCIE OD~ FIA ~ . ~ together with all and singulsr tF~e tenements, hereditaments and appurtances there~nto belonping o? in ~nywise appertainirg thereto. ~nd +U renri, luws, proceeds and profib accruing snd to scuue from said premises, all of which are included in the sbove and foreyoiny dexriptan ard h~bendum. ~ TO HAVE AN TO tIOLD the sbove described end yranted premises uMO the said MORTGAGEE, iri successon +nd +ssiy~s forever. Md t!N said ~ MORTGAGOR fw ~belr heirs, executon, admirristrators and assigro, hereby covenanb with the said AhORTGAGEE, ifs successon ~nd aui~m. ? ~ ihat ~ey ~e lawfully xized of the said premises in fee simple; tMt the same ar~ free, ckar ~nd discFur~eed fran all liens u~d ~ i x brances in law w i~ equity, ~nd thst ~@Y will and tb@iY heirs shall warrant ~nd defend the title to the sarrM to tM said { ~ MORTGAGEE, its sucussors snd auigns, fwever against the lawful cliims and demands of all persorq; ~ -+b+A.-p+Y-++nta-tl~a-M01tIGACsEE..lbe.pc~iss~tY-oait.hste!!ib~#4C4 ~de~bed and shall trv~, om and fully perform, discharge, e:ecute, complete, comply with and abide by each and every the stip~latio~s, sgreemenri, conditian a~d covenanri of said prom~ssory note +nd of this Mortgage, the~ this Mwtgsge and the Estate hereby ue~ted shall cease ~nd be null and void. IT IS UNDERSTOOO thst the wwd "Mort9+gor" whether in the singular w plursl u~ywhere in this Mwtyaye, sh+ll be sinpular if one .only ~nd ~ :hall be plunl iointly and severally if more than one. +nd thst the wwd "their" as used anywhere in this Matgaye ~h+il be t~ken to mean "his,'• "h~n;• or "its;' whersve~ tF~e context so implies or ~dmin. Also, tMt wherever there is ~ reference in the covenann ~nd ayreemenn herein oontsined to ~ny of the psrties hereto, the tame ahall be construed to mean u well af the hein, leyal r~presentatives, sutcesson and usipm (eitha voluntary by ~et of tM ~ Parfies or involunt~ry by operatan of the law) of the same and that the covena~n herein contained shall bind and th~ benefin ~nd ~dvantag~s inun ~ ~ ro the respectivs heirs, kysl repreiematives, wcceswrs and ass?yro of tMe parties hereto. - And said Mortgagors, iw tl~emselves and their hein, legal represent+tives, successors snd auipm, hereby jointly ~nd severally ooven~nt and ~yrK '~s to and with the said MORiGAGEE, its succeswn arn! auigns: ~ 1. To pay ~ll ~nd singvlu the principal and interest and the variovs and s~ndry sums of money p+Yable by virtve of said promissory note, a~d this ~a,f : mort9sye• each ~nd every, promptly on the days respectively the same severslly become due. ; ~ 2. To pay ~II and singular ti+e tsxes, assessment~, levies, liabilit~a, oblig+tiora and encumbrances of every n~ture ~nd kind now on said deuribed ~ property, a that here~her may be imposed, suHered, pl~ced, levied, ot asseued thereon, a tF?~t heresfter may be levied or asessed upon thia Mwt¢ _ ~ age, or the indebtedneu secvred hcreby, each snd every, when due and p+yable, aaadinp to taw, befwe they becare~ delinquent, s~d befon ~ny intK~tt ~ artacixs w any penalty is i~curred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAIt dE PROMVTIY SATISFiED AND DISCHARGED OF ~ RECORD AND THE ORIGINAI OFfIC1Al OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SA?ISFACTION PAPER OFFICIAIIY ENDORSED ~ OR CERTIFIED) SHAII dE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER VAYMENT; snd in the event thst any thertof is not ~ paid, saYsfied snd dixharged sa:d MORTGAGEE msy at sny time pay the s~me or +ny p+rt the?eof withovt wsivirg or affectiny sny option, lien, equify or •~qht under w by virtve of this mo~tgage snd the full amount of each and ercry wch paymenf shall be immediately due and payable and shall bear interat ~•om tFx date thereof ~ntil psid at r~te of nine per centum pcr annum and toyetFror with such interett ahall be secured by the lien of th:s mwgtayt_ ~ soo~ 218 ~ 1f27 ~ - ~ ~ w w~=~~_ y ~ ~ : `_r-_ 1_