HomeMy WebLinkAbout1179 CORRECTI~'E ~IORT(:.AGE ~
~ 6 t r~ 26'~45'~
THIS INOENTURE, Made the ~sy af ~tu 1 Y A.D. 19~
~ bet.Yeen
_ Winfred 'L. _Va~:nol• anci Lorraine D Vann~,~?~ h~~~ ir~
of St. Lucie County florida, hereinafte~ designateil as tha 'MACSRT~AtipR," a~ i1R51 FEDECAL SAYItvGS A'Vp iOAN
ASSOCIATION OF fORT PIERCE, a corporat~on organizcd and ex~st~ng under the laws of ~he Un~ted Statai of America and having iN p~incipal piace of
business in ths City of FWt P~erce, St, lucie County, Flaida, he~aina(ter designated as the "M RT AGtt:'
WHEREAS the MORTGAGOR ia juatly indebted to the MORTGAGEE i~ tha :_=m of = 1~~ gooc! and lawf~: money o: the U•~~ted
S+ates advanced by tha MORTGAGEE unto ?h= MORiGAGOR, as evidented by a cer~ain promisswy note of even date herew~th, of w:.lch tht iotlowi,a} ia
s 1~ ~~b~~Uu.eIIU a t,,,a coPY, to-wit:
~ 11~)VCIl'Z~'i
Fort Pierce, Flwida, `Ju 1 y' 1~> lq % 3
For val~e r~eived, 1, we or either of us, prom~se to pay, wilhout defatcar:on, to the o~der of FIRST FFUERA~ SAVINGS At~q IOAN ASSL`=~K(IpN OF
~ ORT PIERCE at Fwt Pierce, Florida, the sum of 17 6~n , ~n -
136 . S-}-~-t--- ~ wrth i~terest from date at the rate o! 8'~`o per annv:n ~n mc~~tAly install•
ments as fo!!o:vs: S on the 2Ot of _ Octaber , ~9__73 and a like sum on t
daY h~ correspond~ng day of each month there-
after until the whate be iully paid,
Each ins~allment first shall be appfied in payment of the interesl and the~ on the unpaid balance of the principai sum. If default is made in the
F~aymrnt of any insta:'Iment when due, and suth default continues 30 days, then at the option of 1he hoider, and witho~t any other ootite, all the remaining
~nxrallmenls shatl be due and payab:e at once. Privilege is given to prepay this note in whole w in pa~t at a~y t~me without per.aity. Neither forebearance,
r.er acceptance by 1he holder thereof after any default in any payments hereon, shall be deemed extens~on. A late payment charge of S 6' 8O , shall be
added to each ins~altment remaining vnpa~d 7 days after its due date, and a like sum shell be addrd to each such installmeM remaining unpa~d 7 days after
each Succeeding payment date.
Each maker, wrety and endwser hereof, joiroly and severaily, wa~~es demand, presenrmem protest and notice of protest fer nonpayment, and funher
agrees to any extensio~ of time of payment, either beiore or afrer maturiry, wirhovt not;ce to any of us; and tn pay all costs of collrction, includ~ng a
reasonable attorney's fee in the event of any default hereunder, and hereby severafly waives afl benefit of homesfead and exemption under the constitution
and laws of each State of the United $tates, as against this obligation o? any extension w renewal hereof.
Witness the hand and seal of each party.
S,~ WinFred L. Vannol? ~Ai~
+ ~ ' ' (SEAI)
~ S Lorraine D. Vanr.oy (SEAt)
-(-'~z~~i4e-----~ State Reven~e ~s~u
(',~t]f~iClidfxi2idKo~fa6DfglhM~GbQDj
MO'~N, THEREFORE, the A10RTGAGOR fw the purpose of securing payment of sa~d sum of S 17 , 6~0 . UU , ar+d the pcrformance of the
covenants and agreer.~ents hereina(ter expressed, and for divers good and valuabie considerations, by these presents, does grant, bargain, sell, remise,
re~ease, convey c firm unto the MORTGAGEE, i!s s~ccessors and assigns, all that certain lot, piece or parcel of Iand, situate, lying, and being in the
~ . ~.UCle
Co~nty of ~ and State of ftorida, dewibed as follows:
~~~m the SW corner of th~ NWQ of Section 3, Township 35 South, Rang2 39 East,
--~_:n :~orth 02~ 02' 43" West, 4n. S feet to the North right of way ~f ~SLRDD
'~_,r.al ;~43, thence run North 89° 57' 03" East 40 fect to the East riyht of way
: FFA Road, and the Point of I3eginning; thence run north 02° 02' ~3" GJest
ong the East Right o.f. :Vay of. FFA ~Zoad 150 feet; thence South ~9° 57' 03"
:~arallcl with the North line of Canal #~3, 290 feet; thence South 02° 02' 43"
::ast parallel witti the $ast right of way of FFA Road, I50 feet to the North
~ i-:ht of «ay line of Canal ,~43; thence Sout h 89° ~7' 03" iJest 290 feet along _
North right of way line of Canal ;~43 to the Point of Beginning.
'.::is is a corrective instrunent c~esigned to corr~ct an erroneous legal
•~~cription a~pearinc~ in that certain mortgac32 of ev~r, date herewith
--t_~corded ~n O. R. Book 216, Paye 1518, public records of St. Luci~ County,
._~.on which intangible ~~ersonal property tax has been paid. See Intangible
rsonal Property Tax recei~t ;~i 33323,,
~(/~i(, ~p •c ,'T OF TA~(E.~
' ~ '~.CR~IYC~ S--~ ~ n-fJ~ER1Y~
.,,~~r•
~ Q:. c:.., ' ' I. 4~~5 Uf 19J1~~ Cn
~~MlT i0 Cr~i '
ROf,ER POIiRAS
p~nc c~an couRr. sr. wc~E oa. fi
u /
togcther with all and singular the tenements, hereditaments and appurta~ccs thereunto be(onging or i~ anywise apperisining thtrero, and a!t rents, issve~,
proceeds and proFits acc~ving and to accrue from sa;d premises, all of which are included in the sbove and fwegoing deuription and habendum.
iO HAVE AND T HOLD the above described and granted premises unto the said MpRTCaAGEE, its successon and sssigns forever. And /M qid
~heir
".50RTG{~GOR for - heirs, executors, sdmi~istrators and assigna, hereby covenants wifh the said MORTGAGEE, its suctesson and auigns,
hat 1:he are Iawfully seized of the said prem~ses in fee simple; that the same are free, clear and discharged from al! liens and encum-
orances in Isw w in equity, and that ~ he y w;ll and t~'1 ~''i r he;rs shall wsrrant and defend the title to the same to the taid
-'KORTGAGfE, its svccessors and ass~gns, forever against the lawful ciaims and demands of all persory;
PROYIDED, AlWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promisswy ~ote hereinbefore described and shall truly, promptly
and fully perform, d~uharge, execute, complete, camply wi~h and abide by each and every the stipulations, agrcements, conditioni and covenants of ssid
prom~ssory note and of this Mortgage, then thi~ Mortgage and the Estate hereby created shall cease and be n~ll and vad.
3
IT IS UNOERSTOOD that the word "hbrr s or" whether in the s~ ular w lural an here in this Mort j
9 9 ^9 P Yw gsge, shall be singular if one only and
shatl be plural jointly and severolly if more than one, and that the word "their" as ufed anywhere in this Mortgage shall be taken to mean "hi~;' "Fxrs,"
or "ita;' wherever tFie context so implies w admits. Also, that wherever the~e is a reference in the covensnts and egreernents herein coretained to any of
she panies hereto, the ssme shal! be construed to mean as well as the heirs, Icgal representatives, successors and au+gns (either voluntary by sd of the
parties or involuntery by operation of the Iaw) of the same and that the covenants herein contained shall bind and the benefits snd advantagea inure
~o the respedive heiri, legat representatives, succeswrs and ass~gns of the pa~r;ts hereto.
And said Mortgagors, for themse)ves and tbeir heirs, legal representat+ves, successors and assigns, hereby jointly and severally covenant and agree
ro and with the said MORTGAGEE, its successors and assigns:
1. To pay all and si~guler tix principal and inte~est and 1he vario~s and sundry sums of money psyable by virtue of said promissory note, snd this
mortgage, each and every, promptty on the days respectively the same seve~ally become due.
2. To pay aN and singvlar the taxes, assessments, levies, liabil~ties, obligations and encumbrances of every nature and kind rww on said dexribed
property, or that hereafter may be impoud, suffered, plated, levied, w assessed thereon, w thst hereafter may be levied or usesud upon this Mort¢
age, w the i~debtedness secured hereby, exh and erery, when due and payable, accordirg to law, before they become delinquent, snd befare any interes~
at~achcs w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMVTLY SATISFIED AND DISCHARGEO OF
RECORD AND THE ORIGINAL OFFICIAL DOCUMEtJ? iSUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATtSFACTtON VAPfR OfFIC1AlLY fNDORSEp ~
OR CERTfF1ED) SHALL 8E PlACEO IN THE HANDS Of SAID MORiGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that sny Ihereof is not
pa~d, saYsfied and discharged sa:cl MORTGAGEE may at any time pay ~he same or any part thereof without waiving or affecting any optwn, Iien, equity or
•~qht under w by virtue of this mortgage and the (ult amount of each and every such payment shal! be immediatety due and payable and shaN boar interest
~~om the date thereof until paid at rate of n~ne per centum per annum and together w~thOsu~h inte~est shall be secured by the lien of th:s morgtage.
BOOK~~O PA~E~~~
<