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Home My WebLink About1324 2`71'7'75 ~ TNIS INDENTURE, Mad~ tF+e 17th day of ~C~be~ AD. 19 73 belween . ~ • M ? Sa?nford N. 'TeddQr and ~dtia M. ?~d~d s, his wife of St • LuCie ; County ilorid~, hereinafta des'g~ated ss tM "MORTGAGOR," and FIRS1 FEDERAI SAVINGS AND IOAN ASSOCtATtON OF FORT PfERCf, a co~paation apinized •nd exiiting under ~h~ lawi of tFa Ueited Sut~s of M+~ric~ ~nd havln9 itt principal place of buiirNU in th~ City of Fort PiKC~, St, l~cia County. Flaida, hereio~fter dtsiynat~d as th~ "MORTGAGEE:' WHEREIlS IM MORTGAGOR h jvstly indtbred lo fM MORTGAGEE in the sum of = 1 S~~~' ~ good and lawful money o1 ~he Un~ted States advanced by ths MORiGAGEE unto the MORIGAGOR, as eridenced by a cenain promiuay note oi even date herewith, of which the followiny in wards u+d fipores is a trw ~opy, to-wit: s15s00~•00 ~ 1002~58~ fort Pkrc~, Flwide, ~cesber 17 19 73 For valva received, 1, we w either of us, promise to pay, withouf defalcation, to the order of FIRST FEDERAI SAVINGS ANO IOAN ASSOCIATION OF FORT PIERCE at Fort P~erce, fbrida, Ihe sum ot : 1~~~~•~ w;th inteies~ from date at the rate of 9~ 5% pa annum, in monthly install- ~ r.,ents ss folfows: S 140• on the 20th day of January ~ ~q74 and a like sum on the carespond~n9 day of each month therr after until the whole be fully pa~d. Each installment first shall be applied in psyment of the interest and then on the unpaid batance oi the pri~c~pal sum. If defavlt Js made In the paymeM of ~ny instaliment when due, and such defautt continues 30 days, then at the opYron of the holde~, and without any other notice, all the remaining ~nstallme~ts shalt be due and Rayable at once. Privilege is give~ to prepay this rate in whole or in psn st s~y time withovt penslty. Neither forebearence, „or acceptance by fhe holder thereof afrer any default in any payments hereon, shall be deemed extensio~. A late paymem charge of : 7~ shall be added to each installment remaining u~paid 7 days ~iter its dua date, arK! a like sum shall. be added to each such installment remaining unpaid 7 days after i each svcceeding payme~t date. ~ Each maker, surery and enciwxr F?ereof, joinlly and severally, waives demand, presentment protest and notice of protest fw ~onpayment, and furthe~ ~ agrer.y to +ny ~:tension of time of payrtKni, eithe~ befo~e or after maturity, withouf netice to any of us; and to pay all costs of collecteon, includirg a reasonable artoaney's fee in the event of any defa~lt hereunder, and Ixreby severally waives all benefit ot homestead and exemption under the ca+stitution and laws of each State of the United States, as against this obligation or any extension a renewal hereof. - ~ : Witneu the hand and seal of each parry. (SEAU i::~ . • ~ . ! , s/Sanford N. ?edder ts~?u ts~~ - s/Bdna trt. ?edder c~~ ( ~ 22 • ~ ~ State Revcnue 3 (9?a~++~-ae+es~lM+ara~ginsl~eee~- " i MOW, THFREFORE, the MORTGAGOR fw the purpose of secvring psyment of ssid sum of = 15 and the performarxe of the cove~a~ts a~ agreemtn» hereinafter eapresud, and fw divers 9ood and vslwbk tonsidaations, by thtse presenta, does grant, baryain, sell, remise, release, co~vey and confirm umo the MORTGAGEE, its successors and auigns, all thal cen~in lot, p'iece or parcel of Isnd, situate, lying, and bting in the Couny of $t• Lucie snd State of Ftwida, dewibed follows: The West ~ of Lots 8, 10 and 12 (except the North 50 feet of the West ~ of said I.Qt 8) of Block 9, MARAVIL[.A ?BRR~UCB, as per plat thereof on f ile in Plat Book 5, page 50, of the Public Yecoxds of St. Lucie County, Florida, ir-` ~R~p~~ X ~ ~ ~~'S1 v. ~0 ~ • ~ ~ ~ K~1~~~ ` Pa~ ' ~ t+~ ' a~ P ~,a~ ~E°; ` ' n~~ ,a C'.,-~GUM4tir~.N - ~r~ _p,+,+~. gQppglClt ~ vF ~g p~"'~.-pf lyl~• ; ~r v"v~Pt~ R~y'+~~y'C~ ;l,~j~?.f~ / ~oZ ~ ~ Qe,,~ ~1E j0 PpRW?S ~p~ Qtl~ ~.+G ~ ~ ~~~0 pw`"'' ~~?fC~~ S(. ~ ~ o p~l~ ~r, - ~ i i ~ • ~ ~ ~ i ~ ~ together with sll and singvlir the tenements, hereditamenh ~nd appurtanus thereunto belongi~g or in anywise ~ppertaining fhereto, and all reMS, issues, proceeds snd profits scuuing and to aarue from said p~emi~es, all of which are inctuded in the above and foregoing dewiption and habendum. ~ ~ 3 TO HAVE AND TO ~D the above described and granted premises uMO the said MORTGAGEE, its successas and sssi9ns forever. And tM s~id j g eby covenann with the sa'~d MORTGAGEE, its s~cceuws ~nd asi ` MpRTGAGOR fa th' -r he;rs, executon, adminisrrarors and asi ns, her ~pns. ~ the are " that -----Y - Iawfulty se;z of the said prem;us in fee,s~mple; thst the same are free, ckar ~nd discharged from all I'~ens and entunr ! brances in law a in equity, a~d that t~~y W~1~ snd their ~~n shall w~rrant snd defend the title to the same to the said MORTGACaEE, its s~tcessors s~d assigns, faever agai~st the lawful ctaims and demands of a!) persons; pay unto the N40RTGAGEE tl?e promiuory note hereinbefore described snd sh+ll truly, promptly - PROVIDED, ALWAYS thst if the MORTGAGOR shall t and fully perfwm, discharge, execute, complete, comply with and abide by each and every the stipularions, a9rcern~nts, conditiom snd covenanri of s~id ' promissory ~ote sad of this Mortgsge, then this Mortgage and the Eatate hereby created shslt cease and be null and wid. IT IS UNDERSTOOp thst the wwd "Mwtgagw" whether in tlx singular or plv?al anywhere in tF?is Mortgsge, shall be singular .if one only end ~ ` shall be plural jointly ar+d severally if more than one, snd that the word "fheir" as used ~nywhere in this Mortgsge shall be taken to mean "his;' "hen," ~ = or ^its;' wherever the contezt w implies or admits. Also, that wherever there is a refcrence in t!?e covenants ard agreemeMt heteen contained to sny of rhe parries heroto, the tame thall be construed to mesn as well as the heirs, legal repreuntatives, successon and ~uigns (eithet volunt~ry by ad of the part~es w invo{untary by operation •of the law) of the same and that the covenants herein tontained shall bind and the bcnefits and advantsges inurq ro the respettire heus, legsl representatives, successors and au~grts of tF~e partiet hereto. . And said Matgagon, fw ihemselves and their heirs, lega! reprexn~atives, succeuors and ~uigns, hereby jointly and severally covenaM and +gree W ~ ro and with the said MORTGAGEE, its svtcessws and assigna: 1. To pay sll and singulsr the p~incipal and inte+est and the various snd sundry sums of mo~ey p~y~ble by virtue of said promissory note, and thi: A' mortgage, each and every, promptly on the days respectively the same xverally becorne dve. ; ~ Z To pay all ar+d singvla~ the taxes, as~essmert?~, lev;es, liabilities, obligations aod encumbrances of every nature and kind raw on said dexribed ; property, w that here~fter mey be impoud, suffered, placed, levied, a auessed thereon, or tMt hereafte~ msy be levied or assessed upon tF+is Mort~- age, a tM indebtedneu iecured F~ercby, exh and avery, wtxn d~e and psyable, accordinQ ro law, befae they become delinquem, snd befwe any iMeres~ ~o atraches or any penslty is incurred; AND INSOFAR AS ANY THEREOF IS Of RECORD THE SAME SHAIt BE PROMPTLY SATISFIED AND OISCHARGED OF O RECORO AN~ THE ORIGIPIAL OFFICIAL DOCUMENT tSUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTIOfY PAPER OFFICIAIIY ENDORSED p°O OR CERTIFIED) SHALL BE ~LACED tN IHf MANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof ia not ` pa~d, sa~"sfied ~~d dischsrged sa:d MORTGAGEE m~y at any time pay the same or any pan thereof without waiving or affecting any option, tien, equity or ; ~+qht under or by vin~e of this mortgage and the fulf amount of each and every such payment shatl be emmediately due and payable and ~hall besr interes~ ~ ~•om rhe dare thereof until paid at rate of nine per centum per annum and toge~her with such interest shall be secured by the lien of th:s morgt~ge. - - s x~ ~ ~ ~ _ r - ~ ti _ . , _ . _ _ , ~ ~ - ~ T.~: