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Home My WebLink About1974 zsss~z THIS INDENTURE. Made tha • 9th day of - ~tOb@Y A.D. 19~_~ be~areen Michael B. Kane. III AND Eiruce P. Center an Sher on Centef Ni~s wife - a single adu t _ o{ St . WCle Gounfy Florids, hereinaiter des:gnated as the "MORTGAGOR," and FIRST FEDERAI SAVINGS A`JD LOAN ASSOCIATION OF FORT PIERCE, • corporation o~~anized and existing unde~ the laws of the Un~ted Statas of Amerit~ and having its pr~ncipal place of bus~ne~a in ths City of For1 Pie~te, St, lucie County, fiorids, hereinafter des~gnated as the "MORiGAGEE:' WHEREAS th~ MORTGAGOR is justly indebted to the MORTGAGEE in the sum of S 220+~~0. ~ 9~od s~d lawf~l money of the Un~ted ~ Stetes advanced by the MORTGAGEE unto the MOk1GAGOR, as evidrncrd by a certam prom~sswy note ot even date herow~th, of v.h~ch the lollow~ng in words and figures is a true topy, lo-wit: :220 . 000. 00 No.100204~2 , Fort Pieres, florida, ~CLObe! y 19_Z.~ Fw velue received, 1, we o? either of us, prom;se~pay, without defalcaiion, to the order oi FIRST FEDERAI SAVINGS AND IOAN A550CIAT10~1 Of FORT PIERCE at fwt Pierce, fbrida, the sum of f 220~000•0O w;th in~rrest irom date at the rate of9•75;o per annum, in manthly ;nstall- ~ ments as toNows: 5~~7 on the ZQth day of Feb=uarY )9_ 74_ and a like sum on the corresportd~n9 day o+ each month !here- a(ter until Ihe who!e be (ully paid. Each ~nstaNment first shall be appfied in payment of the interest and thcn on the unpaid balance of the princ;pal surrti~ If default ~a ma~e in the pay~nent of any insta~lment when due, and such defautt continues 30 days, then at the option of the holder, and wi~hout any other notice, a!I ~he remain~ng ~nstallments shall be due and payable at once. Pr~viiege is given to prepay this note in who~e or in part at any time without penalty. t~either forebearance, 104.3 nw acceptante by the hotdrr thereof after any defau~t in any paymen~s hereon, shall be deemed extension. A late payment charge of 5-----~hall be adJed to each instaL'ment remaining unpa~d 7 days after its due date, and a I,ke sum shall be add~~d to each such lnstatlment remaining unpaid 7 days aftr~ each succeeding payment dare. Each maker, surety and endoraer hereof, joimly and severally, wa~ves dema~d, presentment protest and notice of protest for nonpayme~t, and further agreea to any extension of time of payme~t, either be+o~e w aFter matu~~!y, without notice to any of us; and to pay a!I costs of co!tectio~, includ:ng a ~easonable attorney's fee in the event of any default hereundrr, and he.eby seve~ally waives a~l beneiit of homestead and exemption under the tonstitution and laws of each State of the United States, as against ~his obi~gation w any extension a renewal hereof. Witness the hand and aeal of each party. - S/ Michae 1 B. ICane , I I I. a s in~~ adu 1t~~Ai) S/ Bruce P Center (SEAL) S/ Sherron P. Center ~s~u ~ $330. ~O ) State Revenue ~'~~~700~~°~ ~ 220 000 00 NOLY, THEREfORE, the MORTGAGOR for the purpose of securing payment of said sum of = ~ ' and the performance of tM covenants and agreements hereinaite,r e:pressed, and fo+ divers good and valuable conside~ations, by theu presents, does grant, barga~n, seil, rem~ae, release, convey and co~(irm unto the MORTGAGEE, its sucaeuors end assigns, a!I that certain lot, piece or parcel of land, situate, lying, and being in the County of St. Lueie and State of Fiorida, dewibed as follows: A part of Block 32 of PINEWOOD SUBDIVISION, as per plat thereof on file in Plat Book 5, at page,24, of the public records of St. Lucie County, Rlorida, described as follows: Beginning at the Southwest corner of s~id B2ock 32, zun Noztheastezly along the Northwesterly boundary of Sunrise Boulevard 182.3 feet, and thence ~cun Northwesterly at right angle with Sunrise Boulevard 200 feet ; for Point of Beginning; thence run Noztheasterly, parallel with Sunrise Boulevard, 110 feet; thence Southeasterly on a line at right angle to ~ Sunrise Boulevard 200 feet to the Northwesterly boundary of Sunrise - • Boulevard; thence Southwesterly along the Northwesterly boundary of ~ Sunrise Boulevard a distance of 170 feet~to a point which is 122.3 feet from the Southwest corner of said Block 32; thence run Northwesterly ~ at a right angle with Sunrise Boulevard 148.2 feet; thence Northerly ~ 79.3 feet more or less to point of beginning. Being the~same land conveyed to B. K. Humphries and Josephine W. Humphzies, his wife, by Walker Liddon as in Deed Book 104,:.page 26 and tp Josephine _ W. Humphries by Mary Fee, et al, as in Deed Book 158, page 177, St. Lucie ~ County, Rlorida, public zecords ? ~ ~ 1~ b D IN PA1fME1R OF TJIXES ~ ` pJE pN Cl11SS ~C' INTANGIBIE PERS0:1A1 PROPERIY. pURSWNT.TO CHM7E3 71•134. 11~CTS OF 1911. ~I~~ (ZOGER POIiRAS CL~tK CIRCUIT COl1RT. S1. UICtE 00, FLA~ rogether with all and singula~ the tenements, hereditaments and appurtances thereunto belonging or in anywise appertaining thereto, and all rents, issues, ~"s proceeds and'profits accruing and to accrue from said premises, all of which are included in the above and foregang descripYron and fiabendum. TO HAVE AND TO HOID the above described and granred premises unto the said MORTGAGEE, its succe:sors and assigns forever. And the said ~ the ir ;a hM1ORTGAGOR for ~~~s, executors, administrators and assigns, h6reby covenants with the said MORTGAGEE, its successors and assigru, ~ that = th~-~-~L~-- lawful~y seized of the said premises in fee simple; that the same are free, clear ard dixharged from all liens and entum- ~ brances in law or in equ~ty, and that they „~,;p a~ t he i r heirs shall warra~t and defend ?he tiHe to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful daims and demands of ell persons; P20VIDED, AlWAYS that if the MORTGAGOR shall~ pay unto the MORIGAGEE the promissory note hereinbefore described and shall t~uly, promptly and fully perfwm, discharge, execute, comp~ete, cqmply with and ab+de by each and every the stipulations, agreements, conditions and covenants of said promisswy note and of this Mortgage, then this Mo~tgage and the Estate hereby crested shall cease and be null and void. ; IT IS UNOERSTOOD that the word "Mortgagw" whether in the singular or plural anywhero in this MLortgage, iball be singular if one only and shall be plural joimly and severaliy if moie than one, and that the word "their" as used anywhere in fhis i~llwtgage shall be takm to mean "hii;' "hcrs" or °its," whererer the conte:t so implies or admits. Also, that wherever there is s refercnce in the covenants and agreements herei~ contained to any of the parties hereto, 1}~e same shall be construed to mean as well as the heirs, legal representatives, successws and assigns (either voluntary by ad of the arties w involuntary by operation of the law) of the same and that the covenants herein cor~tained shall bind and the btnefits and advantages inure o the respedive heirs, legal representatives, successors and asrgns of the parties hereto. r- _ ~ 3 And said Mortgagors, for ihemselves and thein c~irs, legal represer.tatives, successors and assigns, hereby joinfly and uverally tovenant and agree - to and with the said MORTGAGEE, its successors and assigns: r' 1. To pay all and singular the principai and interest and the various and sundry sums. of money payable by virtue o( said promissory note, and this mwt9age, each and every, promptly on the days respectivrly the same severally become due. 2. To pay all snd iingutar the taxes, •ssessments, levies, liab~liries, obligations and e~wmbrarxes of every nature and kiod now w+ saEd described property, ot that hereaiter may be impoud, wffered, plated, levied, or assessed thereon, or thst hereafter may be levied or assessed upon this Mwt9- z;,~ age, or the indebtcdness secured hereby, each and every, when due and payable, accwding to law, beiore they become delinquent, and before any interest attaches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RECORD THE SAME SHAIt 8E PROMPTIY SATi5f1E0 AND OISCHARGED OF RECORD AND TME ORIGINAt OfFICIAt DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALIY EfVOORSED ~Y OR CERTIFIED) SHAII BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NFXT AFiER PAYMENT; and in the event that any thereof is not ~ pa~d, sat sfied and dlscharged sa d MORTGAGEE may at any Nme pay the same w any part thereof witho~t waivirg or afiecting any option, lien, eq~ity a •iqht ~nder or by vhtue of th~s mortgage and the f~ll amo~nt of each and every such payment shatl be immediately due and payable and shall bear intere» ~.om the date thereo~ until pa~d at rate of n~ne pr cenrum per ann~m and together wnh such inte~est shall be secured by the ~ien of th"s morgtage. ~ A~~K ~ ig PAGE 1973 _ ~ . _ _ ~ . _ ~ : - ~ . . . . ~ ~