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Home My WebLink About0416 26~982 ~ THIS INDENTURE, Msde the_' lsth day of November q.p, ~9 73 between Kenneth R. Drew and Bvelyn L. Orew, his wife ~ _ St Lucie of • Co~nty flo~ids, hereinaiter c~eiynared as ~he "MORTGAGOR." and FIRSi FEDERAL SAVI!vGS AhD IOAN ASSOCtAT10N OF FORT PIERCE, a corporation organized and exis?ing under ~he laws of the Un~ted $tatas of Americ~ and having its pri~cipal place of busineu in the City of Fat P~ace, St. lucie County, florida, hereinai~er desiynated as ths "MORiGAGEE:' WHEREAS the MORTGAGOR is justfy indebted fo the MORTGAGEE in the ~um of S 28 ~ OOO' 0~ , good and lawful money of the Un,~ed Srates advanced by the IdORTGAGEE unto the MORTGAGOR, as evidenced by a cerra~n promisso~y note oi even date heiewith, of wh:ch the ioilow~ng in = 28 ; n~f~. r~is a true copy. towit: l~,~~ ~ t~. ~ Np 1 ~020r~27 _ - Fort Pieres, Flo~ida, November ZS ~q_73 For value received, I, we or either of vs, p~omise to pay, wi~hout defalce~ion, to the order of f1RST iEDERAI SAVINGS AND IOAN ASSOCIAitON OF iORT PIERGE at F~t Pierce, F?orida, Ihe sum of s28_L.~~'~ wuh ~nterest from date at the rate of9 _259o p~ annum, in monthly ins~all• •.rms as iol!ows: f 24O• o~ the 20th day of February. ~ ~q_ 74_ and a like sum on the cor~espond~ng day of each month there- at~er uMi! the whole be fully paid. Each installment fi:st shall be appl~ed in paymem of the interesl and tf,en on the unpaid balance of the p~inupal sum. If default is made in the ;,rm~nt of any installrnent when due, and wch defauit cootinues 30 days, then at the optlon of the hafder, and withoot any other not~ce, a~l ehe remai~~ng ~~stallments shail be d~e and payabte a~ oncr. Piiv~lege is given to prepay this note in whole or in part at any time without penalty. Ne~ther forebearance, nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed eatension. A Iate payment charge of sl? , shall be : dded to each instal(ment remain;ng unpaid 7 days after its due date, and a like sum sha11 be added to each such installment remaining unpa~d 7 days after e3ch succeedirg paymem datr. ' Fach n~aker, w~e?y and endorser hereof, jointly and severatly, wa~ves demand, presentment protest and notice of protest for nonpaymem, and iuriher a~rees to any exfens~on of t~rne oF payment, either before or aiter matu~ity, without not~ce to any of us; and to pay all costs of coltection, inciud:ng a <<~~sonable atromeys (ee in the event of any defautt hereunder, and hereby severally avaives a~l beneiit of homestead and exemption under the constitution ~.,d laws of each S~ate of rhe Uni~ed States, as against this obligation or any extens~on or renewal hereof. Witness tha hand and seal of each party. (SEAt) s/Kenneth R. Drev~ (SEAL) (S~AU s/Bvelyn L. Drew ~sEnu $42.00 ~ State Revenue t__ - ~S+aR,'? Mwo~tl~i ~ ~igi.»t~w) NOW, THEREFORE, the MORTGAGOR fw the purpox of securing payment of said sum of S 28 f~0•0O and the pe~formance of the :r:enants and agreements hereinafter expressed, and for divers good and valuable considerations, by these presents, dces grant, bargain, sell, rem:se, ~~'.ease, convey and confirm unto the MORTGAGEE, its auccessors and ass~gns, alI that certain lo~, piece w parcel of land, situate, lying, and be~ng in the Counry of $t. L11C1@ and State of Florida, described ss follows: Lots 22 and 23~ Block S8, SAN I.LTCIE PLA7.A, UNIT 1, as per plat - thereof on file in PlatBook 5, page 57 of the public recozds of St. Lucie County, Florida I ~ Ta-r~ a~ ~~---~~P~`~i ~ pOCUMENTARY.F" --~,$~l~M ~ i~ o DEP(.`)F RfYEN?l': ~,~'t~,~,~ O O I _ ~~a € IIJ L ` 4 ~n N - ~H- I ~n ~ 11102 ~ ~ . b e . RECEIYED ~~"~Z ' IR PAYMEM OF TAXES $ DUE OM CIASS 'C IMTAN61tlE PERSONAL PIloPfRiY, g PURS'~.:ANT TO CHAP7FJt 71-131, ACTS Of 19)l. ~ ROCEII POITRAS '~-/3 ~ ~ CIEtiR CIRCUR OOURT. S?. LUCIE 00. F!A ~ ~ ~ - ~ ~ogether with all and singular the tenementf, hcreditaments and appwtances thereunto belonging or in anywise appertaining thercto, and all rents, issues, oroceeds and profits acuuing and to acvue from ssid premixs, all of which are included in the above and foregoing deuription and habendum. '"r~'~ TO HAVE ANC T HO1D the above desv~bed and granted premises vnto the said MORTGAGEE, its sutcessors and auigns foreve?. And ths isid ~ ~heir '.10RTGA R for heirs, executws, administrato~s and assigns, F~ereby covenants with the said MORTGAGFE, its sutcessors and sui~ns, ~iey are rhar - - lawfu~ly seized of the said prem~ses in fee simple; thst the same are free, ctear and dixharged from all lien~ and encum- ~ brances in law or in equity, and that they will and _ thelY _ he~rs shall wsrtant and defend the title to tke same to the said - ti10RTGAGEE, its successors and assigns, forever against the lawful claims and demandf of all persons; ~2 PROVIDED, ALWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the promissory note hereinbefore dewibed and shall vuly, prompNy and fully perfwm, d~xharge, execute, compiete, comply with and abide by each snd evey the stip~lations, sgreeme~ts, conditiwn and covenants of i~id nromissory note and of this Mortgage, then this Mortgage and the Estate hereby ueated shall cesse and be nu~l and void_ - IT IS UNDERSTOOD thst the word "Mortgagor" whether in the s~ngufar or plural anywhere in this Mortgage, shall be singular if one only and ry~ shall be ploral joimiy and uverally if mwe than one, and that the word "their" as used anywhere in this Mortgage shall be Uken to mean "hia;' "hen," ~ . ~ or "its;' whe~ever the conte:t so implies or admits. Al~o, that wherever thers is a reference io the covensnts and agreemenrs herein contained to any of ~he parties hereto, the same shall be construed to mean as well as the heirs, legal representstives, successors and assgns (either volunt~ry by act of the A~ parties or involumary by ope~ation of the law) of the same and that the covenaros herein contained shall bind and the benelits end advantages inu?e ~ ry ro the respective heirs, legal representatives, successws and ass~gns of the parties hereto_ s And said Mortgagors, for themulves and their heirs, legal ropresematives, successaa a~d assigns, hereby jointly and severally coven~nt and sgree ~ +o and with the said MORTGAGEE, its successws and assigns: 4 3j_ 1. To pay all snd singular the p+incipal and interest and the various and su~dry sums of money payable by virtue of said promissory note, and this ~ ~ ~-ortgage, each snd every, promptly on the days respectively the same severally become dua j ~~i : 2. To pay all and singular the taxes, assessments, ievies, liabilities, oWigations and encumbrances of every nature and kind now on iaid described property, a that hereaf~er may be imposed, sufiered, placed, levied, o? asxssed thereon, w thsl hereafter may be levied or ~~sessed upon this Maig- s- . -r~''__i age, or the indeb~edness sec~red hereby, each and every, when dve and payable, according to I~w, betore they become delinque~t, ~r+d before any intere~~ a~ a~!aches or any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED Of ~',r~ RECORD AND THE ORIGINAL OFfIC1At DOCUMENi {SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OfflCtAILY ENDORSED ' UR CERTIFIED) SHAII BE PlACEO IN THE HANpS OF SAIU MORTGAGEE WITHtN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is nof r;; ca.d, sat afied and d~scharged sa'd MORiGAGEE may at any hmr pay the same w a~y pan thereof without waiving or affecting any option, tien, equity w •~qht ~nder or by virfue of this mortgage and the f~ll amount o1 each and every such payment shall be immediately due and payable and shall bear interest jrom the d~te thereof until paid af rate of n~ne Fer cenrum per annum and rogether wnh such interest shall be ucured by the lien of th:s magta9e. ^Wa `N _ . - _ ' - ,:-c"% _ _ . . . _ . . - ~ . . _ ~ _ 3;",~~.~`