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Home My WebLink About2259 2~0346 ~ THIS INDENTURE. N1ad~ the lOth day or ~ecember , A.D. 19 73 beiweeo • b' ~ r ^ ~ ~ 1' E-~1- Fulton D1. Townsend and Shirl v. his wi~e of $t. LllClg ~ Cp~nty flaid~, hereinafra deignated as the "MORTGAGOR;' and FIRST FEDERAL $AVINGS Ah'Q"iJA~f ASSOCIATlON OF FORT PIERCE, a corpwat~on wpanized and ex~i~~ng under the laws of th~ Un~ted Sta~~s of America and havir+p ib prindpal pl~ce of butineu.i~ 1M City of forl Pi~res, St. lucis Co~~ry, ftorida, hereinafter des~gnated as ths "MORTGAGEf." WHEREAS the MORTGAGOR is ustl ~ndebted to the MORTGAGfE in fhe sum of S 10 ~$DO.OO ~ i Y~ , geod and lawful monay di the Un;ted Statea advanced by the MOR~GAGEE un~o the MORTGAGOR, as evidenced by a ccrta~n promissory no~e of even date herewi~h, of wh~ch the following in wwds snd figw.es is a true copy, 1o~wit: j f10,BOO.OU ~ 10020569 + fort Pierca, Fio.~d., ~ecember 10 19 ~3 Fw value received, 1, we w either of us, prom~se to pay, w~ihout defatcat~on, to the order of FIRST FEDERAI SAVINGS ANp LOAN ASSOCIATION OF FORT PIERCE at iort Pierce, fb~ida, the sum of s 1 O f BOO. ~ w;th ~roerest (rom date at the rate oi 9• S% per annum, in moNhly install- ' t ~^rnts aa foIloMS: 5113.~~_____ on the 2Oth day of Januarv , ~q 74 and a like sum o~ tha careapondir~g day of each month there- aher ~mil the whole be fully paid. Eath instellrrKnt first shall be appliad in payment of the intues? and then on fhe unpaid baknce of the p?inc~pal sum. If defautt ia made i~ the y Fayment of any installment when due, and such default continues 30 days, then at the option of the hotde?, and without any other notice, all the remaining ~ ~nstaU~nents shafl be due and payabie at once. Privilege is given fo prepay lhis note in whote or in part at any time withouf penalty. Nei!he! fcuebea~an!e, nor atceptance by the holder thereof after any defauh in any payments herean, shaN be deemed extension. A late g 5. b5 i payment char e of S shall be added to each installmenl remaining unpaid 7 days after ita due date, and e like sum shall be added to each such initallment remaining unpaid 7 days after each succeeding payment date. Each maker, surety a~d endorser hereof, jointly and severafly, waives demand, presentment protest and noNce of protest fw nonpayment, and furlF~er ! ayzees to any extension of t~me of payment, either before or aiter mafur~ty, without not~ce to any of us; and ~o pay aIl costs of cotlect~o~, inctud:ng a reasonable attorney's fee in the event of any defauit hereu~der, and hereby severally waives all benelit of homestead and exemption under the conslitutan a~:d taws of each State of the United Stares, as against this obleqation o~ any exfension o? ronewal hereof. Witness the band and seal of each party. (SfAI) s Fulton M. Townsend ~~A~~ (SEAL) 2O s Shirley Townsend ~i~ ~ ~ $16 . 1 Stare Revenue l5~a,wps teneeMed~w ~.gi~el- wo*e) i o aoo 00 NOW, THEREFORE, the MORTGAGOR fw the purpose of iecuring payment of said sum of = ~ • and the performance of ihe covenants and agreementz he~einaite~ expreased, and for divera good and valuable considerations, by these presenls, does grant, bargain, sell, remise, release, tonvey and tonfirm unto the MORTGAGEE, its successors and aui9o~s, all that cenai~ bt, piete or parcel of land, aituate, lying, and Eeing in the County of St. LilC1Q 5tate of Fbrida, desuibed as follows: Lot 4, Block 2, REPLAT OF PALM GARDENS, according to the Plat thereof recoYded in Plat Book 12, at Page 42 of the Public Records of St. l.ucie County, Florida, / ~ N s-rA-rE ~F F~.o~?~~.H ' in ~ StAMP Tn~' . > ppCUMENIAR~~` ~ °Z ~ LEPi. rJ` fYENUE ~ L O I ~c ° _ = ~~:C12'~~. g. c~t P8. ~ ~ ~ ` ~1~102 0 ~ ~ 1N P1?YME~ Of i~ES PE~S3~iAl PROPERi`I. RECEIVE~ .C ~NtN~~+18~ ~ S OF 1911. C p~ ON C~ ,~-fv 71-133. ~ T10CNA PUfiS11~ ~r:.f 4 P0~' .A'' ~ C1~~T COtix~. 5[. l+lClf. CA.. ftJ1. CI.E +ogether with alt and singuiar the tenements, heredibments and appu~tanccs'thereunto belwging ot in anywise appertaining thereto, and all rents, issues, prxeeds and profits accruing and to sccrue from said premixs, all of wh~ch are included in the above snd fwegang deacription and habend~m. TO HAVE AND TO HOID the above described and granted premises unto the said MORTGAGEE, its autcessws and assigni forever. And the said their I~50RTGAGOR for Fmirs, exec~tors, administratora snd assigns, hereby covenants with the said MORTGAGEE, its tvccessors and auiynf, • the are that - lawfully se~zed of the said prem~ses in fee simple; that the same are free, ctear and discharged irom all liens ~nd encum- 3 brances in law or in equity, and that thev W;~~ a~ ttlei3' heirs shatt warrant arxl defend the titJe to the same to the said # MOR7GAGEE, its successors and assigns, fwever against the lawful claim~ and demands of all persons; PROVIDEO, AIWAYS thal if the MORTGAGOR shall psy unto tF?e MORTGAGEE the promiswry note hereinbefqe described and shall truly, promptly and fully perfwm, d~xharge, execute, complete, comply with and abide by each a~d every the stipvtstions, agreements, conditions and coven~nts of said promiasory note and of lhis Matgsge, fhen this Mortgage and the Estate hereby ue~ted shall cease and be ~ull and void. li IS UNDERSTOOD that the wwd "Mortgagw" whether in the singular a plu?al anywhere in fhis Mwtgage, aF~~ll be singular if one only and shall be plurat jointly and severally if mwe Ihan one, and that the word "their" as uxd anywhere i~ this Mortgsge sMll be tsRen to mean "his;' "hers;' or "its;' wherever fhe context so implies a admits. Also, that wherever there is a reference in the covenann end sgreementi herein contsined to sny of ~ the parties I~ereto, the same shall be construed to mean as well as the heirs, legal repreuntatives, :uccessws a~d assi9ns (eithe~ voluntsry by act of the ~ parties or invofuntary by opera?an of the law) of the same and that the covena~rs herein co~tained shall bind and tha benefits and advantages inur~ ~ to the respective heirs, Icgal representatives, successors and ass~qns of the parties hereto. ~ And said Mortgagors, for themselves and their heirs, legal representatives, successon and assigns, hereby jointly and severally covenant and a9ree ~ to snd with the said M4RTGAGEE, ita successors end assigns: ~ i 1. To psy sll and singular the principal and interest and the various and sundry sums of money payable by virtue of said promisso?y note, and this mortgage, each and every, promptly on the days respect~vely the same severally become due. ~ 2. To p~y •II snd ungula? the taxes, assessments, levies, liabitities, obligations and entumbrances of every nsture snd kind now on ssid described pn,perty, or that hereafter may be imposed, suffered, placed, levied, w suessed thereon, w that hereafter may be Itvied or ~ssessed vpon this Mo~fg- age, a tMe indebtedness secured hereby, exh and every, when due and payable, atcording to Isw, befwe they become delinqtuM, ~nd befo~e any intere~l y~ arraches or any penslty is incurred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHAII BE PROMPTIY SATISfIED ANO DI$CHARGED OF RECORO AP10 THE ORtGltiAL OFFICIAI DOCUMEfJT (SUCH AS, FOR lNSiANCE. THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENOpRSfO p~ OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NfXT AFTER PAYMENT; and in the evem that any thereof is not paid. sat'sfied and discharged sa:d MORIGAGEE may at sny t~me pay the ssme w any part thereol without waiving w affeceing any optiw~, lien, equity or •~qht under or by virtue of this mortgage and the full amount o~ each a~d every such payment shall be immediately due ~nd payable and shall bear interest From the date thereof until paid at rate of nine per ce~~um per annum and toge~hcr w~th such interest sMll be secu~ed by the lien of th:s morgtaye.