HomeMy WebLinkAbout2243 r4395 . ~ ~
THIS INDENTURE, AMds the ~th day of ~ ~ t' F'ebru~ry a~. 19 74 ~~W~~
James O. Peters and Mary H. Peters, his wife
af St. L.LlC1Q ~pti~~y Fiwid+, herei~after designated as rhe "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN ~
f1SSOCIATION OF fORT PIERCE. • corporstion wyanized and exis~iry unda~ 1M laws of the Un~ted Sut~s of Am~ric+ and hav~ng iti priocipai place of
bvsineu ln ths City of Forf PiNCe, St. lucie Go~nry, flarida, hereinafter dcsignaied as 1M "MORTGAGEE:'
WHEREAS the MORTGAGOR is justl ~i~debred ?o the MORTGAGEE in tha sum oi = 20~00~.0~ ~
y~ , good and lawful money of tF+e Untted
States advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain promisswy note of even date herowith, of whkh the follow~rtg in
words and f' wes is a true copy, ~o-wit:
s 20,00~.00 10020624
Fat Pierce, Fior~d., February 19
For value received, I, we or either of us, prom~se to pay, wilhout d~fslcation, to the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE at Fort Pierce, Florida, the sum of j 2O _ w;th interest from date at the rate of 9'
~o per amium, in monthly in:talF- :
inents as foltows: j 1S~I.~O ZOLt1 da of ~rch ~9 7~ a~d a like sum or~ the corres
y pond+rg day of each month there-
after until the whole be fully paid.
Each instaNment firsf shall be applicd in payment of the intrrest and then on the unpaid balance of the princ~pal sum. If default is made in the
payment of a~y instaltment whe~ due, a~d such default continues 30 days, then at the option of the holder, and withou~ any other not~ce, ail the remai~ing
~nstallments shall be due and payable at once. Priv~fege is given to prepay th~s note in whote or in part at an~ time wifhout penalty. Neithe fwebearance,
nor accepfance by the holder the~eof after any default in any payments hereon, shall be deemed extension. A late payment charge of S 9~ ~5 , shall be
added to each instaliment remainirg unpa;d 7 days afte~ its due date, and a I~ke sum shall be added to each such installment remaining unpa~d 7 days after
each succeeding payinent date.
Each make?, surety and endorser hereof, jointty and seve~alty, waives demand, presentrnent protest and na~ice of protest for nonpayment, and funher
agreea to any extension of ti~ne of payment, either before w afrer maturity, wiihout nofice to any of ua; and to pay atI costs of collection, inciud~ng a
reasonable attorrtey's fee in the evenr of any defautt hereunder, and hereby severally waives alf benefit of homestead and exemption under the constitution
a,~d laws of each State of the Unired 5lates, as against this obligation a any extension or renewal hereof.
Witness the hand and seal of each party.
s/James U. Peters cs~AU
~ ~
~/b (SEAI)
~ r H. Pe r s (SEAL)
~ $ 30 . 00 t Srate Revenue ~~U
iStsmp! ZsneVMed"A?teSg(ner f1dle)
20 00• 00
NOW, THEREFORE, the MORTGAGOR fw the purpos• of securing payment of said sum of S ~ and the perfwmance of ti+e
covenants and agreements hereinafter expreued, and for divers good and valuabJe consid~rations, by thex presents, does grant, baryain, sell, rem~se,
release, convey and tonfi~m unto the MORTGAGEE, its successws and auigns, all thaf certain {ot, piece or parcel of land, situate, lying, and being in the
County of St. L.t1C1Q and State of Floriila, dewibed as tollows:
Beginning at the Northeast corner of SS'.~ of Sfi'~ of SW~ of Section 19,
Township 35 South, Range 40 Sast, run South 170 feet to a point; thence turn
and run West 30 feet for point of beginning; from said point of beginning
continue West 280 feet to a point; thence turn and run South 80 feet to a
point; thence turn and run East 180 feet to a point; thence turn and run
North 80 feet to the point of beginning; said land being also described
as Lot 3~f an unrecorded surv ey of part of the SE'.~ of SE'; of SW 4 of Sect ion
19, Townshzp 3S S~uth, Range 40 East.~%
~
_ v STATE ~F ~~Jt~?;c
~i !
, DOCt1MEl~f1ARY;-~ ::~ST,~ M o z A? j
~ r• _ fl!
' DEP!_ Oi KEVEIIUE . _ -
z : ; - L1 ~
- ~ -~'1 RECEIYm
~ = FEd i 174 :i ~ J Q. O O IN PAYJIlENT OF TAXES
~t1 N Pe ~ ~ Cu~
= ~sic2 ~ • . ~ ~ 'C INTANGIBLE PERSONJIL P°O~f~IY,
° ~ PURSUANT TO CFNPTER 71•134, ACTS Of isii.
ROGER P01Ti{A.4
~ CLERK Clf~UlT CQURT~ ST. LUC1E CO.. ftA
i
together with all and s+ngular the tenements, hereditaments and appurtances therevnto belo~ging or in anywise appertaining thereto, and aU rent~, iuves, i
vroceeds snd protits xcruing and to accrue from said premises, all of which are included in the above snd faegoing dewiption and habendum.
; TO HAVE AND TO LD the above descr~bed and granted premisrs unto the said MORTGAGEE, its successors and suigns fwever. And the said
i MORTGAGOR for - t~el I--- heirs, executors, administrators and assigns, hereby covenanri with ihe taid MORTGAGEE, its successors ~nd as~lgm,
the are
that - lawfully seized of the said premises in fee simp(e; that the ssme sre free, ctear and diuhargtd f~om all liens snd entum-
brances in law w in equity, and tlut they W~~~ a~ their ~~~s shall warrant snd defend the title to the same to the said
MORTGAGEE, its succeswrs and asig~s, forever against the lawiul claims and demands of all pertons;
PROVIOED, AIWAYS that if the MORTGAGOR shall pay unto the MORiCsAGEE the promiuory note hereinbefore dexribed and shall truly, promptly
and fully perfwm, dixharge, execute, complete, comply witb and abide by each snd every the ttipvlations, agreement~, conditions and covenants of sa~d
promissory nole and of this Mortgage, then this Mwtgage snd the Estate hereby crested ihall cesse and be null and void.
IT IS UNDERSTOOD that the wo?d "Mortgagor" whether in the singular w plural •nywhere in thi~ Mortgsge, shal! be sinyular if one only and
shall be plural jointly and severa{ly if more than one, and that the word "their" as used anywfiere in this Mortgsge shaN be bken to mea~ "his," "hen,~
' or "its;' wherever the context so implies or aslmifs. Also, thal wherever there is a reference in the covenann a~d sgreements herein co~tained to any o
ti~e psrties hereto, the same shall be constrved to mean as wefl ai the hei:s, legal rapresen~atives, wccessors and assigns (either voluntary by act of t
parties or involuntary by operstion of the taw) of the seme and that the covenants he+ein confained shsll bind •nd the benefits and advant~ges inv~~
to the respective heirs, Iegal representatives, successors and ass'gns of the parties hereto.
And said Nbrtgagors, for themselves and their heirs, leqal representatives, successors and auifl~, hereby jointly snd sevually covena~t and syree ~
_ to and with the said MORTGAGEE, its successors and assigns:
1. To pay ~II and singvlsr tlx principat snd interest snd the variovs and sundry sums of money payable by virtue of said promissory note, and this~
mortgage, each and every, prampt{y o~ the days respectively the same severally become dve.
2. To pay all and singular the taxes, astessments, levies, liabililies, obligations a~d encumbrances of every nature end kind now o~ said dexribed~
properry, a th~t hereafter may be ~mposed, tuffered, placed, ievied, w assessed fhereon, or that hereafter may be lev+ed w assessed upon this Morty-_~ ?
age, w ths indebtedness secured hereby, each a~d every, wFxn due and payable, xcording fo Iaw, befwe they bccome delinq~ent, a~d before any interpt~-'~
attaches w any penalty is incurred; ANO INSOFAR AS AtsY THEREOf IS OF RKORD TNE SAME SHAIL 8E PRONtP1LY SAit5FtE0 AND DIS~HARGE~ 6F~
RECORD AtVD THE ORiGfPiAI OffIGlAL OOCUMfNt (SUCH AS, FOR INSiANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENDORSE~
OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAtD MORTGAGEE WITHIN TEN OAYS NEXT AF7ER PAYMENT; and in Ihe event that any Ihercof is nof
paid, saYsfied and dischs?ged sa'd MORTGAGEE may at ar.y time pay the same or any part thereof without waiving or affecting any option, lien, equity d
•~qht under or by virtue of this mortgage and the full amount of each and every such payment shall be immedia~ely due and payabte and shall bear interest
' ~~wn ~he date tkereof until paid at rate of nine per tentum per an~um and togNher w~th such interest shall be xcured by the tien of th's morgtsge. %