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HomeMy WebLinkAbout1567 ~ ' 265556 ~ ' THIS INDENIURE, Mad~ tM ~8th day of October 19~~ bstween _ ~urtis Brown and Geraldine Brown~,, his wif~, of St. ~.LlCle Co~nty ilorid~. hereinafta dagna?ed ai 1M "MORTGAGOR;' and FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION Of FORT PIERtE, a cwpaation orp~niz~d and exiitin9 unde~ th~ I~ws ot tM Un~ted S~~tos of /tmerka ~nd h~vinp it~ p~incfpal plac~ of buti~+su 1n tM CFty ot fuf Pit~cs. St. Luci~ County, Florida, hereinaher de~i9nat~d u tM "MORTGAGEE." ~ WHFREAS ?ht MORTGAGOR is juttiy indebt~d ro tM MORIGAGEE in tF+s sum of = 26 ~ OOO . OO _~ood ~nd lawful monsy of the Un~ted ~ States ~dvanctd by the MORiGAGEE ~nto tM MORTGAGOR, as evidenced by a cata~n promiuwy ~ote of even da~e herawith, oi whlch the folbwinQ in ~ wordi ~nd fig~roi i~ • true copY. towi~: } = 26,~0~.~0 . 11~00171 ~ w.r P~«.. F~o?;d,. October 8. 19_~ Fw value received. 1, we or either of us, promise ~o pay, without defalcation, to the o~der of FIRST FEDERAI SAVINGS AND LOAN ASSO:IATION OF FORT PIERCE at Forf Pierce, Florida, the sum of = 26 s000. ,i,~;~h interest from date a1 tF~s ?ate of ~..s.sO,~'o p~r annwn, ir. moMhty in:tat6 ;~,emi as foltows: i 243. ~ on the 2Ot~ f h'ovember_, ~9 73 and a ~ike sum on the corres ~ y o pondiog day of each month thetr ~ a(rer unfii the whole be futly paid. Fach inst~llment first shall be apptied in payment of the intere~t snd thcn o~ the unpaid balance of the principsl ~~m If .refault ia e.~ade in tM ~avm~M of any installment when dve, aod such clefault continue~ 30 days, thee at 1he option of the holder, and without any other rotics, aH tF~e remainFn9 ~nsrallmcnts shall be due and payable at o~ce. Privilege is givert ro prepay this note in whole or in part at any tima withovt prna:ty, rleithe~ forebearance, nor accepta~ce by the holder ~hc~eof alter any default in any p~yments hereon, sha~l be deemed extension. A late paymeM tharge of ~ l~shatl ye added to each installmem remaining unpa~d 7 days after iri due date, and a like sum shall be added to each s~rch installment +emaining Mpaid 7 days afte~ each sucteedirg paymeot date. Each maker, surety and endarur hereof, jointly and seve~slly, waives demand, Rresemment protest and noNCe of protest fa nmpayrnenf, ~~d further agrees to s~y extension of time of payment, either before w aftcr maturity, without rwtice to ~ny of us; and to pay all msts of collcti-rion, includ~ny a reasonable attwney's fee in 1he event of any default fxreunder, and M~eby severa~ly waives ali benelit of homestead and exemplion ~nder the conftituf'atf and I~ws of eacb State of ths United States, as against this obl~gation a any extension or ~enewal hertwf. Witness ~he hand and uat of each party. " (,11It1S BIOWIl ~p~ (SEAU S/ Geraldine grown . cs~u 39 . 00 t Stste Revenue ~ NOW, THEREFORE, the MORTGAGOR fw the purpou of secvring payment of said sum of : 26 ~ , and ths covena~q and ag.eemen~s he~e7ruher expreued, and fo~ diven ood and valwbTe considerations, ~°f"'~"CQ of ths g by thcse presents, does g.ant, bary~in, sell, rcmise, release, convey and coniirm unto the MORTGAGEE, its succeuors and auigns, ali that cert~in bt, piece or parcel of bnd, situate, lyinp, snd being in the County of St . Luei e u~d State of Fbrid~, dewibed as foliows: Lots 20 and 21, Block 14, SUNLAND GARDfiIvS, as per Plat thereof on file in Plat Book 8, Page 32, of the Public Records of St. Lucie County, Florida. N~' STATE Ft~,tJ R f D~. ~ o= nOCUMEN'fARY „~tA M P t t1 X# ca'` DEPT.Oi R£YEN!!E .r • 's - K° P~. =~t~~~ ; 3 9. 0 0 i - ~ 'w _ 1 f tb2 `•<...e~ ' a . . . ~ ~-,~-~°~"o~ ~ ~ or iuo~t ~ ~ PIJRSt1ANT TO CHAf'F~ 71-13t. AC'fS OF 1~~ r s R06El. PORRAS ~1 ; CLERK pq~lfT OpURT, S(. LUCIE ~p~ + > t sogether with all snd singular the tenements, hereditaments +nd ~ppvrtances therevnto belonginy or in ~nywise eppertaininp thereto, and all rents, iuues, proceeds and pofits acouing and to acuue from said premises, all of which are included in the above and fwegoinp description and hsbendum. TO HAVE AND TO t101D the above described snd gnnted premises unto the said NWR7GAGEE, its s~ccesson and auiyns fwever. Md tlw aaid MORTGAGOR fw their executon, administratws and ess' ns, her t hev are 'g ~Y ~'e^+^n with the said MORTGAGEE, its :uccessws and ~ssipro, fhat lawlully seized oF the said premisei in fee simple; tbat the same ~re frse, ckar and dischsrged from sll lieru and ~t?cvnr brances i~ law or in equiry, a~d that they wil! and th@lI heirs shall w+rrant snd defend the title b ths ~ame to tht said MORTGAGfE, ib tuccessors ~nd auigns, forever ~gainst the Iawful claims and dems~ds of all perioru; PROVIDED, ALWAYS that if the MORTGAGOR shsll p~y unto tF+e MORTGAGEE the promisswy note hereinbefore described ~nd shafl troly, promptty and fully perfo.m, d~uMrge, execute, compfete, comply with and ab~de by eacM snd every the stipulations, agreements, conditans and oovenann of said promissory note and of this Mortgage, then this Matgage snd the Estate hereby ueated shall cesss and be null and wid. IT IS UNDERSTOOD th~t the wwd "Mortgsgor" whether in the singular w plunl ~nywhsrs i~. this Mortyaye, shsll be sirgvl~r if one only snd shall be plursl joimly and seve~alty if more thsn one, and that tlx word ^their" a~ uacd anywhe~e in tF~is Mortpaye shall be taken to msan "his;' "hers;' or "its;' wherever the context w implies w admits. Alao, th~t whereve? there is ~ reference in rhe core~ana ,~d .9.eemeon here~~ oonra~n•d ro any of the pahies hereto, tFx ~ame ihall be construed to mean ss well ss the hein, legst represent~tivn, sutcesson snd ~ssig+u (either voluntary by ~ct of tFn panies w involvnt~ry by operation of tt~e law) of the same and that the covensnts herai~ contsined shall bind and th~ benefib and advantayes inurs ro the respective heirs, kyal representatives, successors ~nd ~ss~gns of the paniei hereto. And said Nbrtgagon, for tlmmselves and their hein, legal representatives, suctessors and ~uigro, fxreby jointly and severally covenant and ~prse ro and with tM ssid MORTGAGEE, irs successors and auigns: 1. To pay ~!1 ar~d iinQular the principal and interest snd the vsriovs er.d sundry sums of mor?eY paYabk by virtue of ssid promissory note, and tha morig+ge, each and every, promptly o~ the dsys respeaively the asme severally becane dve. 2. To pay all and sing~lar the tsxes, assessmenb. levies, liabilitNS, obligstioru and encwnbr~nces of every nature ~nd kind now on said desa+bed Property, a tMt heraa(ter may bs imposed, wffered, p~ated, levied, or ~ssessed thereon, or th~t hereafte? may bs levied a aueased upon thb Mort¢ age, w tFK Indebtedness secured hereby. eacF? ~nd every, when due and paysble. ~ccudinp to law, before they 6ecome de{i~quent, snd befor~ ~ny imerest attaches or any pen~lty if incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAMf SHAII 8E AROAMTLY SATISFIED AND DISCHARGED Of RECORD AND THE ORIGIhAI OfFICIAI DOCUMfNT (SUCH AS, FOR INSTANCE, THE TAX REGEIPT OR THE SATISFAC710N PAPER OFFICIAIIY ENDORSED OR CERTIfIED) SNAII 8E PIACED IN THE HANDS Of SA~D MORTGAGEE WITHIN TEN DAYS NEX1 Af1ER PAYMENT; and in the evenf thst any thereof is not paid, sst'sfied snd discharged sa:d MORTGAGEf may at any time pay the same w ~ny part thereof without w~ivir?p w sffMiny any option, lie~, equity a ~taht ~nder w by virtue of this mortgage and the full amount of each and every such payment shsll be immediatety due and payabk snd shall besr interest i.om the date thereof until paid st rate of n~ne per centum per annum and toyether w~~h wch inte~tAa~~.~eCU?ed l~y jbe~e,pof th:s motytaye. 80pX Zv PAGEZi~ b ~ ~ _ ~ - , , . . ~ ~ ~ : .