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Home My WebLink About0206 264539 - THIS IIJpENTURE. N1~d~ the 7th day of ~pteaber + Q,p. 19?3 between Kenneth Ratledge and Helen C. Ratied9e, his wife of St. ~.t1Ci@ Counry florida, F1ffOiMfiN designared as rhe "MpRTGAGOR;' arw! FlRST FEDERAL SAVINGS ANO IOAN ASSOCIATION OF FORT PIERCE, • corporition wy~nised ~nd ezi~tinp u~de? tM laws of ths Unired St+t~i of America ~~d having it~ principd plue of busin~u Fn tF» City of Fwt PiKC~, St. luci~ Counry, Flwida, hereinafter de~ig~a~rd as tM "MORiGAGEE." WHEREAS IM MORiGAGOR a ju~Hy indebt~d 1o tM MORTGAGEE in ths sum of s 1_ 7~~~ • O0 good and tawful monay of the Un~ted Srate~ ~dvanced by ths MORTGAGEE unto the MORTGAGOR, as ev~denced by a certa~n promiuwy note of even da~a hcrewith, of wh~ch Ihe (ollowin9 in wordt ~~d figures is a trw copy, to-wit: s1~~0~0.~~ ~ , ~ 1Q~2~d1 S Fwt Pierc~. Florida. ~Ptember 7 19 73 Fw value reteived, 1, we w eilher of us, promise to pay, without defalcation, to 1ha orde~ of FIRST FEDERAL SAVIf3GS ANO LOAN ASSOCIATION Of FORT PIERCE at Fwf Pierce, Flor7da, the sum of j 17 with iroerett from date at the rate of9s~9o per annum, in monthly install- ~~~en~s as Iol:ows: 5156. ~ _ on the20tf1 day of ~t er , 19-~ and s like sum on Ihe cwrespond~ng day of each mo~th there- after untif /he whole 6e fully paid. Each installment (irsl shall be applied in payment of the interest and ~hen on the unpaid balan:e of the princ~pal sum. If default is made In the µayment of any instal7mertt when due, and such default con~inues 30 days, then at the option of the holder, and without any othe~ notit~e, all the remeinin~ ~~,srallments shall be due and payable a~ once. Priv~tege is given to prepay this oote in whole w in part at sny time without penalty. Neither fotebeaqnte~ nor acceptance by the hold~ thereof aiter any default in any payments hereon, shall be deemed extensio~. A late payment th~r~ of.f 7~$~ ~'}ksl! b~ added fo each instaNmeni remaining urtpaid 7 days afte~ its due date, and a like sum shatl be added to each svch installment rom~i~ing unpild'7't{a~s after each succeeding payment date. Each maker, surety and endorser hereof, joinlly and severally, waivea demand, presentment p~otest and notice of protest for nonp~ya~ent, ~nd funher agrees to aoy extensiw~ of ume of paynxnt, either before or alter matwiiy, without not;ce to any of us; a~d to pay all cost: `of collection, includ~ng • reasonable attorney'a f~e in the event of any default hereunder, and hereby severaliy waives all benefit of homestead and exemption under the consfitution a~~d laws of each State of thc United States, as against this obligation w ~ny extension o? renewal hereof. ' Witness the hand and seat of each party. S/ K+enneth Ratledye ~AU (SEAL) _ S/ Helen C. Ratled~p 7 ( ~5. 50 ) State Revenue ~U Fa A+11~ ~~adglm~ a~ll~ NOW, THEREFORE, the MORTGAGOR fo. _the r ng pay 17 , OOO. 00 pu pox of securi ment of said sum of S , and the pcrformarxe of fhe covenants and aqretimenta hereinafter expressed, and fw divers good and valvabte consideratio~s, by theu preaenn, does grant, bar~sin, se!!, remise, rrtease, convey and confirm un?o the MORIGAGEE, its a~ccessors and sssigns, stl that certain bt, piece or parcel of land, situate, lying, end beuy in the Counry of St .~LIC 1Q snd S~ate of Florida, de~cribed at follows: Lot 7, Block B, MARAVILLA TERRACB~ as per plat thereof on•file in Plat Book 5, page 50, of the public records of St. Lucie County, Florida,f ~ ~ r ~ S TATE ~fi oz ~ DOCUMENTARY,~ ;~~C"?~R~D}A` y~ ~ ~f~T.~-` ~y~,Jl~~P I~/~~! aer- ~l+1UE ~ a ~ c _ ' . ~ = P0. ~ .iirIT73 ~ ~ ' ~ 2 5. ~7 Q ~ i ~ ~ tu02 ~ 3 ~ L ' . . . . . . - . . . i 1N PAYME11r OF Ti~FS QfCF-1VFD s •C~~ ~1~'.15~.'~ ~~~/~lr - pUE Ot'1 ~S C11NplER 71-t~~S ~ a~~11a ~~wS . ~E aA. ~'1` o?~ . s 3 togethe~ with all and singulsr the tenements, hereditaments snd sppurtances fhereunto belonging or in anywise appertaininp theteto, ar?d d1 rents, issves, ; proceedt artd profits sccruing and to scvue from said premises, all of which ~re irxluded in the above and fore9anp descripYwn ~nd Mbendvm. TO HAVE AN~ TO HOID the above desvibed and granted premises unto the said MORTGAGEE, its sexceawn and atsigns foreve~. And th~ said their MORTGAGOR for he;n, exetutws, administrston and assigns, hereby covenanb with the said MORTGAGEE, iri wttessors ~nd assipro, the are rhat - --y lawfully se~:ed of the said prem7ses in fee simple: that the same are frae, clea~ and dischsrged from all liens and sncvm~ brances in iaw w in equ~ty, and thst they N,~~~ a~ t11Q 1r heirs shal( warr~nt and defend the title to the anw to the wId MORiGAGfE, its successws and assigns, foreve~ against !he lawful tlaims and demarnds of ell persons; AROVIDED, ALWAYS fi~at if the MORTGAGOR shsll pay unto the MORTGAGEE the prom;isory note hareinbefors described ~nd ihall truly, promptty and fully perform, discF~srge, execute, complete, comply with snd abide by esch and every the stipulations, a9reements, conditions and covensnri of said s oromissory note and of this Mwtgage, ti~en this Mortgage and the Ei?afe hereby ueated sF~ll ceue and be null and void. : IT IS UNDERST~OD that the wad "Mortgagor" wlxther in the s~ngular or plwal anywhe~e in this Matg~ye, shall be te~gulu if one only ~nd ~ shall be plural jointly a~ severally if more thsn one, and that the word "their" as uied anywhe~e in this Mortys9e slull bs tsken to mean "his," "hen," : or "its;' wherever the context w implies w admits. Also, that wherever there is a reference in the covenants and sgreemenfs berein cont~ined to any of - the parties F~ercto, the ssme shall be conitrued to mean as well ~i tfie Ixirs, kyal representatives, succeisors and suiyro (eithe? voluntary by act of the parties w involuntary by operation of the Isw) of the "ssme a~d that the covens~ts herein contained shall bind snd the benefib ~nd adv~ntaget inun ro the respective heirs, 1e9a1 represerrtatives, successors and sss~gns of the parties hereto. And said A6wtgaqors, for themxfves and their Fxirs, legsl representatives, successors and assi9ru, hereby jointly and uverally covenant and ayree ro and with the said MORTGAGEE, its successws and sssigns: 1. To pay alI and ii~yulu tiu pr~ncipal and imerest and the vsriovs and iundry tums of money payabte by virtue of said promissory rats, and this mutyage, each ard every, promptly ar the days iespectively the same sevarstly become due. 2. To pay all and singulsr the taxes, suessmenn, levies, liabilities, obligations and enc~mbrances of every nature and kind naw on said deuribed property, or th~t hereaiter rrNy be imposed, suffered, pl~ced, kvied, or ~ueued thereon, or that heresfter may be levied p usessed ~pon this IlAorf¢ age, w the indebtedness secured hereby, exh and every, when dve snd paysble, ~ccwdir?~ to law, befort they become delinqueM, ~nd befwe ~~y intere~t attaches or any penafty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD TiIE SAME SHAII BE PROMPTLY SATISfIED AND DISCHARGED OF RECORD AN~ THE ORIGINAL OFFICIAL DOCUMENi (SUCH AS, fOR INSTANCE, THE TAX RECEIPI OR TFfE SATISfACTION PAPER OFfIC1AllY ENDORSED OR CERTIFIED) SHAII BE PIACED IN iHE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in fhe even~ thst any thereof is not paid, saf'sfied and discherged sa:d MORTGAGEE may at a~y time pay the same a any part thereof without waiving or affectiny •ny option, iien, eq~ity a •~aht under or by virtue of this morrgage and the !u!! amount of esch and every suth payment shall be immediately due and payabk and shsll besr i~terest ~.o+n the date thereof until p~id at rate of n:ne per centum per annu~ ~pd jppytt~ w~th suth interest shall be secured by the lien of th:~ morgtape. ~ AlIU ~ ~/i ? /1l r . - - - . _ ..;3 _ . „ , ~ _ ~ - . . . ~ . ~t~