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HomeMy WebLinkAbout0675 ~~Ei'~~18~'~ _ , THIS INDENTURE, Made tf~e~ 2~j'~ da of C~CtUhL'r , A.D. 19__Z~, between i?'itch~- ~~~L. C~leveland an~~Candace C]evelanci~his cvive af St. Lucie County Flor~da, hereinaficr desynatrd as fhe "MORTGAGOR," and iIRST`iE~ERAt ,'~4YIt1G5 AND IOAN ASSOCIATION OF fORT PIERCE, a corporation organized snd existing under the faws of Ihe United Statas of America and having its ~irircipa! place of busineu in ths City o( Forl Pie~ce, St. Lucie tounty, florida, here;nafter desiynated a~ ths "MORTGAGEE:' WNERfAS 1he MORIGAGOR is jwtly'indeb~ed ro tF~ MORTGAGEE in the sum of S 31 • OO0 good +nd law~u~ money of the Un~ted Srates advanced by the MORTGAGEE un~o the MORfGAGOR, as evide~~ced by a tert;m prom~ssory nota of e~en date f~r~rw~~h, of whlch the Follow~~~g in ..ords and fiyures is e true copy, to-wit: s 31. , OOn. 00 No_~ i nnnl~ fort Pierce, Flwida, ~~tOhQr ~2~ __197-~_ Fw value rec~ivrd, 1, we or either of us, prom~se to pay, without defalcation, to ~he order of FIR~T FEDERAt SAVING: AND LOAN ASSOCIATIU\ Of FO~T PIERCE at For1 Pierce. Fiorida, the au:n of S_=i1_2 OO0 • Q~ _ w,~h i~teres~ from date at the rate of 9•_2~o F.•r ancum, in ro•nhlv ~ns~alt- ~•,ents as roi~ow,: s_-?66. OO t~ 2OtY1 day of F~ rlla 19~`~ _ and a I~ke sum oo the correspond~ng day of carh rnu:~th tfiere- atrer until ~he whole be fulty pa~d. Each ~nstaltment first shall be app!Eed in paymem of !he intrre~l and then on the ur.paid balance of the pr~nc pal sum. If default is made in the ;~aiment of any installment whcn d~e, and such default cominues 30 days, then at the option of the holder, and without any other no~~ce, all the remain~ng ~~~srallments shall be d~e and payable at once. Privi(ege is givrn to prepay this note in whole a? in part at any time without penalty. Neithei forebearance, r.or accepta~ce by the ho~der thereof afrer any detault in a~iy payments heieon, sha? be deemed eztens~on. A late payment charge of S~-a_3Q ~ .:d3ed to each installment remain~ng unpmd 7 days aftet its due date, and a Lke sum shall be addad to each such instailment remaining unpaid 7 days after each wcceeding payment dete. _ Each maker, surety and endcrser hereof, jo~ntly and severally, wa~ves drmaRd, presentment p~otest a~d no~i~e u~ Nrotest for nonpaymeM, and further agreea to any extension of r.me oi paymem, erther bafora or aher matu~ity, wiihout ~ot~ce to any of us; and to pay all costs of co!lec~ion, indud:nq a rc•,sonable atrorney's fte in the event of any defau;t hereundzr, and hereby seve•a!!y waives all beneiit of homestcad artd eaempfion under the constitution ,nd laws of each S~at~ of rhe Un;red States, as aga~nst this obl~yation w any extens:on or renewal hereof, W~rness the hand ~nd seal of each party. S/ bi:itchell L. C2eveland ~sea~~ (seat) S1 Candacc~ ('1 QvPI and (SEA!) $~6. r,(~ (SEAI) Srare Revenue t$i~i,~e~e~~ ~i~e) NO',N, THEREFORE, the MORTGAGOR for the purpose of securing payme~t of said sum of S 31 ~ snd the perfwmarxe of the cevenants and agreeme~ts i~ereinafrer exp~essed, and !or divers good and vatuabte consederat~ons, by these presents, dces g~ant, bargain, sel1, remise, ~e'ease, convey and tonf~rm unto the MORTGRGEE, its suctessors and auigns, all ~hat cutain lot, piece or parcel of land, situate, lying, and being in the County of S~ • Lucie and Stat~ of florida, dewibed es follows: .;~:ginning at the Northwest corner of the Sk'~ of the NW ~ of the SW4 of Section Township 35 South, Range 40 East; thence run East to the intersection ~>i tiartman Road; thence run South 160 feet; thence run Ea.st to the ~rlest r'? c]ht of ~.•:~y line of Totten Road for point of beginnin~; thence run ~orth 160 Seet;r j<ence run West 160 `eet; thence run Suuth 160 ,;feet ; thence run East 160 feet ~c point of beginning. - ' . , ~~1~rA>` ~ F; 1 ~r. t.!+ ~~~M N` uR~ r Q~ ~ O ~ ' DO . p~vts ' ~ ,rt* ~ ~ v ~ ~ y f ' ! pa N ~f p~ ~26'1~ ; ~ ~'~C i `s~~~ ; Pa~" ~ ' A IN PAYMENT OF tAXES ~ =~?~o? RECEtVED ~ INIANGIBLE I~ERSONIII ?~J: E~t~1t, ` o p.~ ON CLASS ' . ~ PURSiW~T 70 CHAPTER 71-134. AC1S OF ~9I1.~~~1%; ~ (~GER PO~TRAS a C[FRK CIRCUIT COURT. ST. WCIE CO•. fUl ' 3 i t ! ~ !ogether with ati and singutar the tenements, hereditaments and appurtances thereunto belonging or in anywise appertaining thereto, and all rents, iuuq, ~ p!occeds and profits accruing and to accrue from said premises, all of which are included in the above and 4oregoirg dewiption and habendum. ; TO HAVE AhD TO HO:D the above described and granted premisn unto the said MORTGAGEE, itt tuccesson and assgns forever. Md tM iaid • their NSORTGAGOR fw he~rs, executors, administrarors and as~igns, hereby covena~ts with the said MORTGAGEf, its successors and auigru, ~ rhat -t~'ey dr~-- lawfully se~zed of the said prem~us in fee simpte; that Ihe ssme are free, clear and d~scharged from all liens and encurt?~ ~ brances in law or in equity, and that th~Y will and their heirs shall warrant and defend the title to the same to the said YORTGAGEE, its suctessws and assigns, forever against the lawful claims and demands of all persons; PROVIDED, AlWAYS that if ~he MORTGAGOR shall pay u~to she MORTGAGEE the promissory rate hereinbefwe dexribed and shall truly, promptfy ` and fully perform, dlscharg~, exetute, comp(ete, comply with and abide by each and every the stipulateons, agreemems, conditions and tovenaMS of said ' prom;ssory note and of this Mortgage, then this Mortgage and the Estate hrreby created shall cesx and be null and void. ~ IT IS UNDERSTOOD that the word "Nbrtqagor" whether in the sing~lar or ptural anywhere in this Mwtgage, shall be singular if one enly and ~ shall be plursl jointly and severatly if more than one, and that the wwd "their" as used anywhere in th'rs Mortgage shall be taken to mean "his;' "hen;' ar "its," wherever the contexr so implies or admits_ Atso, t1~at wherever there i: a ~eference in the covena~ts and agreements herein contained to any of ' ihe parties hereto, the samr shall be construed to mean as well as the heirs, legal representatives, auccessws and assigns (either votuntary by sd of the ' parties or involuntary by operation of the law) of rhe same and thai the covenanfs F~ere~n contained shall bind and the benefits and advantages inure _ ro the respeaive heirs, tegal representatives, successors and ass~gns of the parties hereto. ~ ? And said Mortgagors, for themselves and their heirs, legal representatires, successors and assigns, hereby jointly and severally covenant and agree ~o and with 1he~ai~ MORTGAGEE, ~ts svccessors and assigos: f 1. To pay all and s~ngutar thc principal and '+nreretr and fhe various and sundry sums of money payable by virtue of said prom~sswy note, and thii mortgage, each and every, prompfly on the days respectively the same severally become due. 2. To pay all and s~ngular the taaes, assessments, lev~es, liabilitics, oWigations and encumbrances of every nsture and kind now on said dexribed ~ property, cr that he~eafter may be imposed, suffereA, ptaced, levied, or assessed thereon, w that hereaiter may be levied a assessed upon this Mortg- age, or the indebtedness secured hereby,.esch and every, when due and psyable, according to law, before they become delinquent, and before any interest atraches w any pe~aity is in~~rred; AND INSOFAR AS ANY THEREOF IS OF RECORD THE SAME SHA[t BE PROMPTLY SATtSF1ED AND DlSCHARGED OF RECORD AIVD THE ORIGIItiAI OFFICIAL OOCUMfNT (SUCH AS, FOR INSTAI~{CE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENDORSED 02 CERIIFIED} SHAII BE PLACED IN THE HANDS OF SAID NtORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the e•+ent that any thereof is nw - pa~d, sat'sfied and d~scharged sa.d thORTGAGfE may at any time pay rhe samr or a~y part thereof without waiving or aifecting any option, lien, equify or •~aht under or by virtue of this mo~tgage and the full amov~t of each and every iuch payment shall be immediately due and payable and shall bear interest ~ ~~om the date thereof uroil pa~d at rate of n~ne per centum per annum and toge~her w:~b such interest shalt be sec~red by the 6en oi th's morgtaqe. ~ eoo~2~0 ~ac~ ~ - ~