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Home My WebLink About0715 ~ _ _ . _ _ _ - . ~ j , ~ . 2'73449 THIS INDENTURE. Made the 22nd day of J'~nud Ty A.D. 19_T~. betweer? ' PEARL CONS?RUCTION CO. , INC. , a Florida Corpo ra tion St . Lucie ~ of _ County Florida, hereinafta designared ~s the "MORTGAGOR;' and FIRST FEOERAI SAVINGS AND IOAN : ASSOCIATION OF FORT 91ERGE. • corporation aganized and ex~sting unde~ the laws o( ths United Stata~ of Amerits and Mving iti principal ptace of ± busineu In tM Gity of Fat Pixce, St. lucis County, Fbrida, hereinafte~ designated as the "MORiGAGEE." WHEREAS ths MORTGAGOR is justly indebted to the MORTGAGEE in tha sum of i 27 ~ 2~ • , good and IaM,ful money of the Un~ted ~fates advanced by the MORTGAGEE unto the MORiGAGOR, as evidrnced by a certain promiuwy note of eve~ date herewith, of which the following in ~ words and figures is a trw copy, to-wit: ; s 27 , 200 . 00 • No 10020607 4 F~ P~~~., Flaids, Janua ry 22, ~y 74 Fw value received, 1, we or ei~her of us, promise 1o pay, without defalcatlon, to the orde? of FIRST fEDERAL SAVINGS AND IOAN ASSOCIATION Of ; iORT PIERCE at Fort Pierce, Florida, the s~m of s_?~ ~'2O~' ~ _ w~th interest from date at the rate of 9•?~ per annum, in monthly instal{- ' ~~ants as !oi!ows: S 233 on the 2Ot'iiay uf 1aj~ iq_ 74 and a like sum on the cwrespond~ng day of each month there- ~ aiter until the whole be ful:y paid. s Each install~nent first shall br applird in payment of the interest and rhen on the unpaid balance of the princ;pal sum. If default is made in the ~ Fayment of any installment when due, a~d such default co~tinues 30 days, ihen at the option of the holde~, and without any other ~otice, all the remaining : ~"stallments shall be due and payable at once. Pririlege is given to prepay this note in whole or in part at any t~me withovt penalry. Neither iaebear~nce, ~ nor atceptance by the holde? thereof after any deFault in any payments hereon, shell be dcemed extension. A late payment charge of j~ll .6~shal) be ~ added to each installment remaining unpaid 7 days after its due date, and a l~ke sum shall be added to each such installment remaining unpaid 7 days after each svcceeding payment date. Each maker, surety and endorser hereof, jointly and severeliy, waiven demand, p~esentment protest and noti~e of protest fw nonpayment, and further j agrees fo any exte~sion of t~me oi paymenr, either before or after maturity, without not~ce to any of us; and to pay all costs of collection, includ:ng a ; rrasonable attorney's fee in the event of any dzfault hereundrr, and hereby severally waives all benefit of homestead and exemption under 1he constitution + 3:~d laws of each State of the Uni~ed Sta~es, as against this obligation w any extens~on or renewa( hereof. W~tne:s the hand and seal of each party. PEARL CONSTRUCTION C~O. ~ INC. ~ai~ r-r . RY• Gary L Pearl} President ~sFn~) Co rpora te Sea 1 A ffixed • (s~?~~ ATTEST: Philip Pearl, Secretary- ts~nu t S40 . 80 ~ sfare a~~~,~ ~ ~ rea su ter 45+a~w'a-ancelkd-are.iginaF ~+e+e~ • . NOW, THEREFORE, the MORTGAGOR for the purpose of securirtg payment of said sum of S 27 ~ 2~' ~ ar+d the pc~fwmsnce of the covenants and agreeme~ts hereinafter expressed, and for divers good and wluable consideratio~s, by these pressnts, does grant, bar9ain, sell, remis+, release, tonvey and confirm unlo the MORTGAGEE, its successors end suigns, all that certain lot, piece or psrcel of land, situate, ing, and being in tNe County of St . LL1Cle = _ _ and State of Fbrida, described ai follows: -...~.a~. Lot 16, Block 114, PORT ST. Lt~IE SECTION 27, according ~ ~ . ~ '~~;i ~ to the plat thereof recorded in Plat Book 14, Pages S, ` ~ ~ 5A through SI, Ptblic Records of St. Lucie County, ~~~i ttt ~ Florida, . (j,Nl'y ~ i F ' . Q ~ ~ W E Q~~ w , W~~W 4 € ~ ,f- . ~ IN MYMOrt OF 1111~ ~Zi> W~s ~ ~ p~ pK qASS'C IltlIItlGIdtE PERSOt1A1. ~?OPER[`1. Qj c III! N ~ 'W a~ ~ ppR~1WIT TO.CINPfE~ 71-134. ACTS OF 19)1~~~ a?- q C~~ m,, FIA~ ~ G fl i~ l f!' f; f ~ ~ C ° £ Z Z D ~ • ' :t]M' 1UGfE ` :OuNTT ~ ~ rogether with all and singular the tenements, hereditaments and appurtances thereunro belonginp or in snywise sppertainiog fhercto, and all rents, isiue~, proceeds and profits accruing and to accrue from said premises, all of which are incl~ded in the above and fwegoing dexription and habendum. ~ TO NAVE AND TO HOLD the above described and granted prem~ses unto the said MORTGAGEE,_ its successors and aii~gns forever. And tht said ~ MORTGAGOR fw lt5 he;rs, executws, administrators and ass~gns, hereby tovensnts with tF~e said MORTGAGEE, its sutcessors and aui~ro, ~ q ~hat -~-SS---- lawfully seized of the said premius in fee simple; fhat the iame are free, clear and discharged from all liens and encvm- orances in Isw or in equiry, and that lt wili and its hein shall warrant and defend the title to the ssme_to tlx s+id = MORTGAGEE, its suctess~rs and assigns, forever againsf the lawful claims and demands of all persau; - PROVIDED, AtWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiuwy note hereinbefore~dewibed and shall truly, promptly f: and fully perform, discharge, execute, complete, comply with and ablde by each and erery the stipulations, agreemenfs, conditions and tovenants of aaid ; prom~ssory note and of tF~is Mortgage, then this Mortgage and the Estate hereby ueated shall cesse and be null and void. ~ ' IT IS UNDERSTOOD that the wo~d "Mwtgsga" whether in the singular w plural anywhere in this Mortgsge, shall be singulsr if one only aod ~ ~ aha~l be plural joinNy a~d severally if more than one, and rhat the word "their" as used anywhere in this Mo~tgsge shall be tsken to mean "his;' "hers;' or "its;' wherever the context so implies or admits. Also, that wherever there is s reference in the covenants ~nd agreemenb herein contsined to any of the parties hereto, the ume shall be consuued to mean as well as the heirs, legal repreuntatives, successon and a~sigro (either voluntary by sct of tM parties w involuntary by operation of the law) of the same and that the covenants F~erein contained shal) bind and the benefits and sdvantages inure ro the respective hein, legal representatives, succeuors and ass~gns of the parties hereto. And said Mortgsgors, fw themselves and their heirs, legal representatives, succeswrs and assyns, hereby jointly and severally covensnt and sgree - = ro and with the wid MORTGAGEE, its successors and sssigns: 1. To pay +II +nd singular 1Fx printipal and interesl snd the various and sundry s::ms of mwxy payable by virtue of said promissory note, snd this ~ mortgage, each snd every, promptly on the days respettively the same uvenlly bccome due. '3 2. To pay all and singular the taxes, sssessments, levies, liabiliries, obligations and encumbrsnces of every nature and kind now on ~aid dexribed property, or that hereafter may be imposed, suffered, plated, levied, or assessed thereo~, or that hereafter msy be levied w sssessed upon this Morty- age, w the indebtedneu secured hereby, exh snd every, when due and psyable, ~ccording ro taw, before they become delinq~ent, and before any interesf anaches a any penalry is incurred; AND INSOFRR AS ANY THEREOf IS Of RKORD THE SAME SHAII BE PROMVTLY SATISFIED AND DISCHARGED OF RECORD AND THE ORIGIhAI OfFICIAI OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFFICIAtIY ENDORSED - CR CERiIFIED) SHAII BE PlACEO IN 1HE HANDS Of-SAID MORTGAGEE WITHtN TEN DAYS NEXT AF1ER PAYMENT; and in the event thal any thereof is not paid, ssYSfied snd discharged sa'd IAORTGAGEE may at any time pay the same a any part Ihereof without waiving or affecting any option, lien, equity o? j npht under o~ by virtue of this mortgage and the full amo~m of each and every such payment shall be immediately due and payable and shal) bear interest ; ~:F ~rom the date thereof uNil paid at rate of nlne per centum per annum and together w~th iuth interest~'sfbll t~ ed by the~~q(,th:s morytaye. j ' 60C~ ~~J PA~E 5