HomeMy WebLinkAbout0477 _ .
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22nd August ~ A.o. tia 73~ ~~w~
THIS INDENTURE. N4d~ 1M day of
Iriesle L Hughes and Exa .3. Hu9hes. bis wife
of $t . i'uCi@ County Florid~. MreinaftN d~signated ~s /M "MORTGAGOR;' and FIRSi FEO~`RA: 6AVkJGS AND LOAN
ASSOCIATION OF FORT PIERCE, a corpaat~on ap~ni:ed and exi~~ing w+der tM I~ws of Ihs Un~ted S~a~s of Ame~iu sne havinp in principsl pl+c~ of
busiMU in tM City of iwf PiKC~, St. lucis Co~nty, Florida, Mninafur desiynated a~ ~h~ "MORTGAGEE."
WHEREAS tl+~ MORTGAGOR is justly ind~bt~d to tM MORTGAGEE i~ tM sum of :34 ~ 400. ~ y~ ~ hwfu! rnoney of the Un~ted
States advanced by the MORTGAGEE unto tM MORTGAG04, as evidenced by • certain promiuory note of even data herewitl~, ot which tM iollowirp i~
wuds +nd figures is ~ trw copy, towit:
~ 34,400.00 , ~~0020362
' ! fo?t Piette. Floride, /+119115t 22 19.~_ i
Fd value received, 1, we or either of us, p~wnise to pay, withovt defalca~~on, to the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF {
FORT PIERCE af fort Pierce, Fb~ida, the sum of ~4 ~ 4~• 0O w;th interest fran date at the rate of 8• 7-7o pe~ annum, in monthly install- ~
283 00 20th January 74 ~'i•~''x
men~s as fol!ows: i • on tl+e day of 19 ~nd ~~tike'~ b~1he cwrespondirp day of each month ~herr
afrcr until the whole be fully paid.
Each iostallment firat shall be applied in paymant of the interest ~nd then on the u~paid balance of tha princ~psl sum. If def~ult is made in the
payment of any installment when due, and such default continues 30 day~, lhen at the optan of the holder, and without ~ny other notice, all the ~emainirg
installments shall be due and psyable at once. Privilege is given to prepay this note in whol~ w in parf at any time without penalty. Neither forebea~arxe,
ner acceptante by tF~ holder thereof after any default in any payments hereon, shall be deemed extension. A late p~ymenl tharge o1 sl~ sh+ll be •
added to each installmeM r~maining unpaid 7 days after its due date, and ~ ~ike sum sha~l be added to each such installment remaining unpaid 7 days after 1
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each succeeding payment date.
Each maker, surety and endorur hereof, jointly and severally, wsivd demand, presentment protesl and notice of protest for nonpaymenl, and further
agrees to any extension of time of payment, either before or after maturity, without notice to any of us; and to pay all costs of collection, includirq a ~
reasonabk attorney i fee in the evenl of any default hereunder, and hereby severatly waives al~ benefit of homestead and exemption under ths constitutioo
and lawi of each Srate of the United States, as against this obliga?ion or any e~tension or renewal hereof.
Witness ~he hand and seal of esch party.
S/ Merle L. Hu he ~q
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S/ Exa J. Hu he s (sewq
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~ ,~51 .60 ) Stste Revenoe ~
(5sat~t oeaH~d ~a~ipoal ~on4
NOW, THEREFORE, the MORTGAGOR fw the purpose of securing payment of sa~d sum of = 34 , 400. se~d the performsnce of tM
covenants and agreemcnts hereinafte~ exproued, and fw divers good and valuable co~sider~tiw~s, by thest p+tsenri, does grant, baryain, a~ll, remise,
release, convey snd confirm unto the MORTGAGEE, ih successon and sssigns, sll thaf cert~in bt, piece or pucet of Iand, situate, lyinp, and beinp in 1F?e
County of St. WCie and State of Fbrida, dewibed ~s follows:
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Lot 19, Block 3232~ pORT ST,LUCIE, FLORESTA PINES, UNIT 2, as per plat thereof '
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on file in Plat Book 16, page 37, of the public records of St. Lucie County, {
Florida,r
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pOCUMENSARY,~ _
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REYENIlf :s' z' t. s O~ R~~ 11R~~~ 1~~~~~
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~ togethe~ with all snd singular the tenements, hereditaments and ~ppurtsnces thereunto belonginq w in anywise appertsininy thereto, s~d sll nnts, istues,
procecda ~nd profih acvuing and to acuue from said premises, all of which are included in the abov~ and foregoinp deuripYan ~nd hsbe+~dum.
TO HAYE AND TO HOLD the above described and g?anted premi~es unro the said MORTGAGEE, in succeston and assipns foreva. And tFr s~id
~ MORTGACaOR for their executon, sdministratws and auigns, hereby tov~nanb with the s+id MORTGAGEE, i» wccesio?s +~d ~stipm.
~ tha~ --theY-~l~e lawfully sei:ed of the wid premifes in fee simple; that tFw same an frN, ckar and discharped from all li~ns Md N+axo-
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a brences in law w en equity, and that thev wri11 and their hein shall warr~ot and defend the tiile ro the same to tM wid
MORTGAGEE, its svccessws ~nd auigns, forever ag~inst the lawfvl claims a~d demands of all persorq;
PROVI~ED, AtWAYS thst if the MORTGAGOR shall pay unto the MORTGAGEE tF~e pran'~swry rate he~einbefore described u~d ah+ll truly, promptly }
<z and fully perform, dischsrge, execute, complete, comply with and abide by each and every the stFpulaYw~s, ~yreemenri, condiY~o~s ~nd covenants of wid €
promiswry note and of this Mortgage, then this Mortgage and the Estate hereby ueated shall tease snd be ~ull ~nd void•
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IT IS UNDERSTOOD that the word "Mortgagor" whether in the singular or plun) anywhere in this AAatp~ge, shsll bs sinpul+r if o~ only ~nd
g+ye shall be tsken to rr»~n "hb;' "h~n,"
~ shall be plural jointly snd severafly if more than one, snd that tbe word "their" as used snywhere io this Mort
or "its;' wherever the context w implies ot admits. Also, thst whereve~ there is s ~eference in the covensnts and apreements herein ooM~ioed to any of
z: the parties hereto, the ssme shall be conthued to mesn as well ~s the heirs, kysl r~preser?t~tive~, t~cceuon and ~uipns (eithe? voluntary by ~cf of th~
pariies a imroluntary by opmation of the law) of the same and thst the covensms herein cont~ined shall bind and rhe benefin •nd advanf.pes inun
~ ro the respective heirs, leg+l representatives, successors and us~yns of the parties F+s~eto. ~
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~ And said Mortgsgors, for themselves and their heirs, tegal repreuntstives, s~ccessors and aupm, hereby joinNy uid severally covenant ~nd ay ~
fo and with the ~aid MORiGAGEE, its successors ~rd assigns:
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1. To paY dl and singular the principal and imerat snd tFx various a~d sundry wms of moneY paYable by virtw ot ssid promiuwy note, snd this
snwt9aye, esch ~nd every, prompNy on the day~ respectively the same severally become dw.
2. To pay all and singulu the ta:d, assessmenri, kvies, liabilities, obligations and entumbruxes of every naturs ~nd kind now on said dewibe~.C Q
property, or that heresher msy be imposed, ivffered, placed, levied, or +uesud thereon, w tMt hereafter may b~ levied w as~aud ~poi+ this Mort¢4' ~
~ age, w the indebtsdneu ucured hereby, each and every, when due and paysble. +ccwdinp ro Iaw, before tlxy becane delinquent, and before any in»r
attaches o~ any penalty is incurred; ANO INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTIY SATISfIEO AND DISCHARGEO 5~ O~
~ RECORD AND THE ORIGINAL OfFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFFICIALLY EN ~
~ OR CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAIp MORTGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMENT; and in the evem that any the~eof a
~±=j paid, saisfied snd diuharged sa:d MORTGAGEE may at any time pay the same or +ny part thereof without waiviny or affedinp +ny option, lien, eqvity go
r`~ •~qht vnder a by vi~tue of this mortgaye and the full amoom of each and every iuch paymem shall be immediately due and payable ~nd tF+all beH int~retto ~J
~rom the date thereof until p~id at rste of nine per centum per a~n~m and toyether w~th suth iMe?ett sh~ll be secured by the lien of th:f mo?9taye. ~
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