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THIS INDENTURE, JM+d~ ihe llth ~y pf Septenber ~ 19
73 beNwen
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Phii P Petersen and Opal R. Petersen, his wife
of St . Lucie ~~M F~~, ~r~inaftq d~sig~ated +s tM "MORiGAGOR,° and FIRST fEDERAI SAVINGS AND LOAN
ASSOCIATION Of FORT PIERCE, a capaat~on wp~nu~d ~nd existirg undN th~ laws of tM Un~ted Stitp of Amerka and h~vinp ib principal plac~ of
builnas in tM City of fwt Pi~ru, St, luci~ County. Flaid~. Mr~inahe~ d~ii9na~~d u tl» "MORTGAGEE."
~-WHERFJIS fM MORTGAGOR i~ juttly ind~bt~d to tFM MORTGAGEf io tM ivm of ~ 27 yood and lawful money of the Un~ted
States ~dvanced by tM MORTGAGEE unto ths MORTGAGOR, as ~videnced by a cxtsin promiuay not~ of even d~t~ her~with, of wh~ch tM fdtowinQ in
word~ and fipurei is ~ trw copy, tc~wit:
~ 27, 000.00 r,~, 10020420
~ P~.. Fb.;d,, SeR,te~ber 21 ~9_~
fw value rece+ved, 1, we or either of us, promise to pay, witF?out dtfalcation, to the order of FIRST FE~ERAL SAVINGS AND LOAN ASSOCIATION Of
FORT PIERCE at fwt Pierce, Flwida, the su of 27 with inte~t from date at the rate of 9•~ 9G psr anr+um, in monthly install.
mMtl Af f01lOws: s243.~0 on the~~t~ day of Deeem @r ~9 73 snd a like sum on the curesppnd~np day of each monih 6tierr
after until the whok be fully paid.
Eath installment first thall be applied in payment of the interesf and then on tht unpaid bala~te of ths principal sum. If dtf~ult is m~d~ in th~
payment of any installme~t when dus, aod such defav!t coroinues 30 days, the~ st the oprion of tM hofder, and witho~t any othet potice, all the rem~inin~ ,
~nsrallmentt shall be due a~ payable at once. Privilege is piven to prepay this note 7n wFate or in parf at ae?y time witl?ov~ pen~Ny- NeitMt forebesrance,
nor atcepbncs by the holder thereof after any defauh in any payments hereon, sMll ba dccmed exleniwn. A late payment charye of ~ sh+ll be ~
added 1o each in~tallment r~maining unpaid 7 days aher ih due date, and a like sum shall be added 1o each such installmeM remaining u~?p~id 7 days +fier
each succeeding payment date.
EacA maker, surey and e~dwser hemof, jointl~r and severeHy, wsivcs demand, p~exn~mem proteat a~d notic~ of prwest for nonpayment. at$f~rthet
agrces to any extension of time of payrnem. elther befwe o~ aher maturity, wirhan notic~ to any of ua; and w p+y a{I costa of colladia+, incl~d"+rg •
reasonable attorney i fee in the event oF any default Fxreunder, ~nd hereby severally waives a!I benefit of homestead u?d exemption under the constitution
and laws of each State of the United Statrs, as ayainst this obligatioe~ or any e,ctension w re~ewal he~eof.
Witness the hand and sesl of each party.
(SEAI~
S/ Phil P. Petersen ~
cse/?u
$40.50 S/ Opal F. Petersen ~
( ) State Revenue
(Staop~uoaellsd oa o?ipicdsob)
NOVV, TNEREFORE, the MORTGAGOR for ths Purpose of stcuring p~yrnent of ssid sum of i 27 , and the perForm+nce of th~
covenanrs •nd agreemenn I~e.e~nafrer expreued. and fo~ d~vcrs 9ood and valwble consideratio~s, by these presents. does grant, baryain, -sell. remi~e.
release, tonvey and confirm uMO the MORTGAGEE, its successo~s and ~ssiyns, •II th~t ceruin lof, pieoe or pucel of land, sitw», lyirg, aod beinp Lt the
~ St . Lucie i~ ~ate of Florida, desaibed as fdlows:
Lot 2, Block 74, Unit 9, INDIAN RIVER ESTATES, as per plat thereof on
file in Plat Book 10, page 74 of the public recozds of St. Lucie
County, Flo r ida
o" -1- oF FL~ Mp~t j
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rogethet witfi all snd singular the tenemenn, hereditamenn and sppurta~ces there~mto bebrginp or in anywise apperqinirg thereto. ~nd sll renb, issues,
proceeds and profits ~cauiny and to acuue from said premises, aIl of wfi~ ue induded in tF~e ~bove and faepoin9 description and habendiwn_ ~
TO HAVE AND TO NOID the sbove dewibed and gnnted premises umo the said 1Y10RTGAGEE, ib wocessors snd assipro fww~r. Md th~ said €
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MORTGAGOR fw - hei?s, executas, ~dminiitr~tws ~nd assigro, hereby oovena~ri with the said MORTGAGEE, its suoosssws ~nd asalpm, ~
~ y prcmises in fee i~mple; that th~ ~ame ue fret, ck~r and d'achsryed from all IiN» and sncw~?
~ rnat the~~~- lawfull seized of the said {
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brances in law a in eq~ity, snd tha~ thev will and thei r . ,~„n wuraM and defend the title to the same to the saW ;
~ MORTGAGEE, iri successors and sssigns, foreva agairut tlr lawful cla'uns and demands of all persons; ~
PROVIOED, AlWAYS thst if the MORTGAGOR shall pay uMO the MORTCsAGEE the promissory rate hereinbefon described and shalf trvly, promptlp ~
ana-iuiTy peifw ~ . . - . . ~
~V promissory note ~nd of this ~Mortgage, then thi~ Mortgage s~d the Estste hereby ve~ted shall cesse and be null and void. ~ ?
~ '
IT IS UNDERSTOOD thst the word "Mort9agor" whether ie the singular or plwal ~nywhere in this Mortysye, shall be sirgulst if one only and ~
~ shall be plural 'pintly and severally if more tMn one. ~nd that ths word "their" as used ~nywhsr~ in this Allort9sye shsll b~ t~ken to mein "his:• •'he~s.••
~ or "iri:' wherever tl+e context w implies or sdmits. Also, that whereve~ thae is ~ refae~ce in tM cove~snb and pr~emenb herein oontainsd to a~ry of ~
~ rhe parties hereto, the same shall be constrved to mean as wel{ as the hein, leyal representatives, sucuswn and augns (either voluntary by ~ct of tFr
~ oarties a involuntary by opention of the I~w) of the same and that rhe cwen~nn hereM oonraioed ~h.ll bnd and rh. be~efin and adv.ma~es irNx. ~
~ ro the respective F~e'as, leyal representatives, svcceuws and ass~yra of the puties hereto. ;
~ Md ssid Mortgagors, fw themxJves and their heirs, legsl represent~tivn, successors w?d usipro, hereby joinNy and severally covenant and ~pree ;
~ to and wirh the aid MORTGAGEE, in tuccesson and auigns:
~ 1. To p+y all and singulx th~ principsl and imerest and the variwn and wndry swns of mon~y p+Yable by virtw of said promissory nott, u~d Nus
~Fc"-- matgage, esch uid every. WomPtly on the days respectively the same sev~r~l{y becortw due. ;
2. To p~y ~11 ~nd ~inpular the ts:n, assesunents. levies, li~bilit~es, obligatia~s and encvmb~a~ces of wery rwtvre and kind now on said dew~bed
~ property, a that here~hN may b~ impaed, suffaed, pl~ced, levied, a~sessed the~eon, a tlwt hereaha may be kvied w aie~sed upon tl+is Mor1Q~
z age, or th~ indeb~ednea secured hereby, each snd wery, when dve and payabl~, accwdinp to law, befon they becoem delinquent, and b~fa~ aey intera~
attathes or any penalty is incurred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHAII SE PROJNPTIY SATISFIEO AND DISCHARGED Of
RECORD AND THE ORIGINAI OFFICIAL OOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SA71SfACTION PAiER OFfICIAttY ENDORSED
~ OR CERTIf1E0) SHAII SE PlACEO IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; u+d in the event th~t arty thereof a ~w
paid, s~Ysfied and discF~arqed sa:d MORTGAGEE may at any time pay the ssme w sny parl thereof without wsivirg or affecting ury option, lien, equity w
~ •~qht ~nder or by virtue of this mortgsge and the fult smount of each and every s~ch psymenf shsll be imrnediately dve and psysbk and ~II bear ime~est
ri ~.om the datt thereof until paid at rate of nJne per centum per annum and toyether w~th ~nt II be secured by the lien of th:s mw~t~ye.
~ ~~K PA~E2199
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