HomeMy WebLinkAbout1322 V
~ ~ 2'71'7'74
2nd January ~ ~ ' ?4~
THIS INDENTURE, M+d~ ~ht day of A.TS. 19~,? between
Wil2iaro J. Forbes. a sinq~e adult _
of $t. 1.uCie , Counly Fiaida, herainafter deiy~at~d as ?~e "MOR~GAG7R," and HRST PEDERAI SAVINGS AND LOAN
ASSOCIATiON Of fORT PIERCf, a co~po~ation aQa~ized and exi~tinp under bvn of ~M Un~ted Sta+~s uf America and Mviny in princip~l at+cs of
business in tM City of For1 Pie~cs, St. luci~ Cov~ty, Florida, he~einafter desp~iated a~ tlx~ "MORiGAGEE."
WHEREAS tM MORTGAGOR is justly indebt~d ro tl+~ MORTGAGEE in the sum o4 S. 18? ~ good and lewful rno~ey o1 lhe Un;ted i
Siatss edvanced by the MORiGAGfE unto the MORIGAGOR, ss evidented by s ce:ta~n promiuwy note of even date herewith, of wh;ch the iollowiny in
wads and figures ii s~ru~ copy, to-wit: ~ 10020594 !
s 18.000.00
Fat P~•rc., f~aida, Janualry 2, ty 74
Fw va~ue ~received, I, we w either of us, promise to pay. wi~hout defatcaf~on, to tAe order of fIRSI FfDERAQI SAYINGS AND LOAN ASSOCIATION OF
FORT PIERCE at Fort Pierce, Flwida, the sum of = 18! with enterest from date at the rate d• 5O °'o per annum, in monthly instalh
~.~enn as follows: S 168• ~ on the 2Oth day of February 19 74 and a like ium on the corres~diny day of each month there-
after until the whole be fully paid.
Each installment (irst shall be applied in payment of 1he interest and then on the ~npaid balance of the printipal sum. If default is made in the
payme~l of any instalfinent when due, and such defautt continue~ 30 days, then at the optan of the holde~, and without any othe~ ootice, all the remaining
~natallments shal! be due and payable at onca. Privilege is given to p?ep+y this note in whole w in paH at any time without pe~alty. Neither forebcarance,
nor acceptanc~ by the holder thereof aftar any default in any paymeMS herean, shall be decrr+ed extension. A late paymeot charge of t 8•4O ahall be
added to each installment remaining ~npa~d 7 days after .its due date, and a like xvm shall be added to each such installment remaini~ u~paid 7 days after
each succerding payment date. _ •
Each maker, sv~ety and endorser hereof, jointly and severally, wsives demand, presentment protest and notice of proteat for nonpayme~t, a~d further
agrees ro any extensa~ of time of payment, either before w after maturity, without not~ce to any of us; artd to pay all costs of co~lection, irxlud~ng a
reasonabk aftorney i fee in the event of any defauit hereunder, and hareby severally waives all benefit of homestead and exemption under the tqnatit~tion
and Iaws of each $tate of the United States, as against Ihis obligation'w any extension or rcnewal hereof. ~
Witneu the hand and ual of each party.
(SEAI)
^ !C r= ~ ! s William J. ''orbes, ~ai)
~ a single adult ~s~u
( $27 ' ~ ~ State Reve~ve (~U
GSta~aps ~anas~l~d-on-oa~iwet wote~ •
tYOW, THfREFORE, the MORTGAGOR for the purpose of tecuring paymeM of ssid sum of s 18' end the performance of the
covenants and sgreements hereinaiter expreued, and for divers good and valuable corisideratiau, by thase preser+ri, does grant, baryain, selt, ~emise,
reteau, convey snd co~fitm unto the MORTGAGEE, iti fvcceuws and assignt, a!1 that tertain bt, piets q parcel of ~and, situate, lying, and being in the
County of St . Lue i e ~ a~d State o! Flori~a, described a~ follows: r
,
Beginning at a point at the Southeast corner of Lot 12, Block "E",I~fARAVILLA ESTATES, .
as per plat thereaf recorded in Plat Eook 8, page 77, of the Public Records of St. `
Lucie Caunty, rlorida, run South 129.6 feet; thence run West 144.91 feet; thence run
North 129.6 feet; thence run East 144.91 fg~t to Point of Beginning. LESS AND E7dCEPT
the East 10 feet for drainage easement.
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.x~„<n cv ~ P~p2 ~ . ~AJ1SS'C {I(TAN61~lE ~ ~ OF 1911. ~ .
o r ~p ~iER 71-13~. ~ ~
P1~ ~Q PORW?e
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j together with all snd si~gular the tenements, hereditaments snd appurtsnces thereuMO belaging or in snywiss appertsining the~eto, and al! rent:, iuues, }
t oroceeds and profits scauing and to acuue from said premise~, all of wF~ich are includec! in the above and foregoiny deacription snd habendum. d
} TO HAVf AND TO HOtD the above dew;bed and grsnted premises unto ths said MORTGAGEE, ib svccdsors u~d assigns fwever. And the said
MORTGAGOR {or h1S hei~s~ executors, administrators and assigns, hereby tovenanis with the said MORTGAGEE, its suctessws ~nd auiyrn,
; thar he 15 lawfully se~zed of the said prem~ses in fee simple; thst the ssme are free, clear and discharged from all liens and enc~m~
brances in law a i~ equity, and that he wrill and h15 hein shsll w~rrant and defend the title to the ssme to she ssid
~ MORTGAGEE, its succeuors snd suigns, fuevcr agai~st the tawfut ctaims and dem~nds of all persons; .
PROVIDED, ALWAYS that if the MORTGAGOR shall pay unro the MORTGAGEE the promissory rate hereinbefwe described and thall truly, promptly
and fully perform, d~scharge, execute, complete, comply wi~h and sb~de by each and every the itipulations, agreements, conditions and covenar.ts of s+id
promissory rate snd of this Mat9age, then this Mortgsge and the Estate hezeby aeated ahalt cease s~a! be nvN and void.
IT IS UNOERSTOOD that the wwd "Mortgsgor" whetFxr in the singular or plura) anywhere In this Mortgege, sh~ll be iingulu if one only and
sha!! be plural 'pintly arxl severalty if more than one, snd that the wad "their" as used a~ywhere in this Mortg~ge ihall be taken to mean "his," "hen;'
or "its;' wherever the context so implies or admits. Also, that wherever there 3s s roference in ttx covensnri snd sgreements herein contained to any of ~
' rhe panies hereto, the seme shall be constrved to mesn as weU ss the heirs, legal repreuntative:, sutcesson and assige?s (either voluntsry by acl of the ~ 5
[ pa~ties or involumsry by operation of the bw) of the tame and that the covenants ixrcin contained shall bind and the benefits and advaMSges inwe C`^'~ i
~ to the respective hein, legal representatires, successors and au'gns of the part~es hereto. ~ ~
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And said lYlortgagon, fa themselves and their heirs, le9al represeniatives, succeuort and ~uig~s, hereby jointly and severally covensnt and ~ree ~
to and with the said MORTGAGEE, its successors and assigns: ~ ;
1. To •II and si ulsr the rinci 1 snd interest and tFx vsrious and ~u ~
psy ng p pa ndry sums of money paysble by virtue of said promiasory note, and thii ~ ~
mortgsge, each and every, promptly o~ tF~e days respectivety the ssme severaNy become due.
2. To pay atl and singulu tlx uxes, sssessmenrs, levies, liabilities, oWigitions ind encumbrances of every n~tu~e and kind rww on s~id described
property, or that heresfter may be impo~ed, suffcrsd, placed, levied, or asussed thereon, or thst hereafter m~y be levied or usessed vpon this Mwt9-
r age, or the indebtedneu secured hereby, exh snd every, when d~e and payable, according ro law, befwe they become delir~quent, and before ~ny imerest 'r "
j atraches or an nal ra inturred; AND INSOFAR AS ANY THEREOf IS OF RKORp THE SAME SHAtI BE PR0INPTLY SATISFIED AND DISCNARGE~ Of Y..7 1
Y P~ ?Y
RECORD AND THE ORIGINAI OFFICIAL OOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfAC(tON PAPER OFFICIALtY ENDpRSfD ~
i OR CERTIFIED) SHAII BE PIACfD IN iHE HANOS OF SAID MORTGAGEE WlTNIN TEN DAYS NfXT AFTER PAYMENT; snd in the event tFwt any thereof is not
? paid, sst'sfied and ditcharged sa;d MORTGAGEE m~y at any time pay the ssme or. any part the~eof without wsiving w sffecting ~ny optio~, lien, equity a
~~qht unde~ or by virtue of this mortgsge and the full smount of esch and every such psyment shall be immediately dve and payable and shall beat interest
i•om the date tiroreof unril paid at rate of nine per centum per annum and together with such interest shall be secured by the lien of th:s morytsgt.
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