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Home My WebLink About2426 2%~='~~3 ~ THIS IN~ENTUkE. M~de the ? th day of Februa ry A.O. i9 74 between John D. Ellis, Sr. and Carrie H Ellis. hsi wife of ~t . Lucie ~qi~ty fluid~, hereina(te~ designared as the "MORIGAGOR," •nd FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, ~ corpwation oryanized and eziuiny under Ihe lewi ot ths Un~ted Sf~ai of America and Mviny iti principal place of butineu in eM City ot Fwt Pixce, St. lutie County, Flaida, hcreinaiter defignated as the "MORTGAGEE." WHEREAS 1M MORTGAGOR is justly i~debt~d to the MORTGAGEE in the sum of = 18~..9~0.00 good ~nd Iswful money of Ihe Un~ted Srares advar.ced by the MORTGAGEE unto the MORTGAGOR, as evide~c:d by a certain promissay note of even date herewith, of whlch ~he iollowiny in • words and f' urss is a t?w copy, to-wit: s_18=90~.00 ~ lOOZ062g Fort Aierce, fio,;d,, Februa ry 7, 19 74 for value reteived, 1, we w either of us, prom~se to pay, without defalcation, to the order of FIR$T FE~ERAL SAVING$ AND IOAN ASSOCIATION OF FORT PI:RCE at Fort Pie~ce, Fiorida, the su.m of S ~~~4~0.~_- w~th interest trom date at the rate of ~~°6 per annum, in monthly ~ns~all- ~~,~~nts as fot!ows: S 221.~0 on the 2Oth day of ~~alC~i ` ~q_74 and a(ike sum on tha caresponding day of each month there- after unti) the whole be fully paid. Each installment first shall be appt~ed in payment of the interest and then on the unpaid balence of the princ~pal sum. !f defsult is made in the - Fayment of any instalimen! when due, and such defauh continues 30 days, then af the option of the holder, and without any olhe~ notice, al{ the remeiniig ~~~srallments sha~l be dve and payabte at once. Privitege is given to prepay Ihis note in whole w in part at any t~me without penatry. Fteither forebearance, i S nor acceptance by the ho~der thereof afte~ any default in any payments hereon, ahall be deemed extens~on. A iate payment charge of 1~1.05 ~AaJ! be added to each insrotlment remaining ~npaid 7 daya after its d~e date, and a like sum ~hall be added to each such installment remaining unpaid 7 dsyt sffer each succeeding payment date. Each mske~, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protest fw nonpayment, and further agrees to any eatension oi t~me of peyment, eirher before a afre~ matuiqy, wi~hout not;ce to any of us; and to pay all costs of collection, induding a rrasonable atto~ney's fee in the evenl of any detault i~ereunder, and hereby severally waives all benefit of homestead snd exemption under the constitution a~~d laws of each 5tate of the United States, as against this obiigation w any extension or ?enewal hereof. ~ Witness the Fwnd and seal of each parfy. - . ` (SEAU /s/ John D. Ellis, Sr. (SEA~) (SEAI) i ~ S28.35 /s/ Carrie 1{. Ellis ~5~~ ' ) state Revenue lSta~qpt_uatdlsd orL oripiaal.not~J_ f NO'~IY, TMEREfORE, the MORTGAGOR -fw rhe purpose of seturing payment of ssid sum of S 18 s 9~~ ~ , snd the performarxe of the ~ covena~ts and agreements hereinafter expreued, and fw d~vers good and valusbte cons~derations, by these presents, doas grant, baryai~, sell, rem;se, ~etoase, convey and cortfi~m unto the MORTGAGEE, its successors and assigns, ell that certsin lot, piece or parcel of land, situate, lying, and being in the County of St _ LuCle and State of Fbrida, desuibed af folloMn: Lot 11, Block 2, of LINOOLN PARK SUBDIVISION NO. 2, as recorded in Plat Book 3, page 4, of the public records of St. Lucie County, Florida ; ~ ~ ~ ~ ~ i ATE ~F FLQRiU~ M ~ DOCUMENjARY,e=,".-`;~~ 5TA M P T I`• k ~ RECfIVED IN PAYMENT OF TAXES ~ DUE ON CiAS3 'C INTANGIBLE PERS~~t.tC PN.(0. ER1Y ' UEPi.Of REYENUE -`_-~'~~i•; - i ° , - - -s~ PURSW4N~ TO CHAFT;R 71-134, Ai.TS OF I9/1. - ~8. - ~:~:F~74 . ~ RDGER POITRAS ~ = 4 :C 2 8. 3 5 ~'.~-f o ='~s~~ i GIERK CIRCUIT OOURT, S[. WClE CO., FtA. rogether with sll and singular the tenements, hereditame~tt•and appurtances thereunto belongirg w in ~nywise appertaining lhereto, and all rents, iisues, proceeds ar~d profits acuuing and ta acuue from said premises, •II of wh+ch are included in the above +nd foregoing desuiption ~nd habendum. TO HAVE AND T~heii'h` above described snd gra~ted premius unto the said MORTGAGEE, its successors and +uigns forever. And th~ said t MORTGAGOR for Fxirs, executors, adminisrrators and assigns, hereby covenants with the said MORTGAGEE, iri tucceswrs ~nd auiyns, ~ ihat ---~~x a rg lawfuily seized of the said premises in fee simple; that the same are free, de~r ~nd dixharged from all liens and sncum- b.ances in Isw or in equity, and thst thQ~_ w~p a~ thElr heirs shall warraM and defend the titta to the same to the said ~ htORTGAGEE, ita successws ar~d assigns, fwever against fhe lawfvl clsims and demsnds of ~II persor?s; PROVIDED, A1WAY5 thst if the MORTGAGOR shall pay uRto the MORTGAGEE tM promiuory note hereinbefwe described and th~l1 truly, promptiy and fully perfwm, d~uharge, exec~te, compkte, comply with and ~bide by each and every the stip~rlation~, sgreements, co~ditions and cwenanls of aaid promis:ory note and of this Ntortgage, then thif Mortysge end tF~e f~rate hereby ueated shall uiss and be null and void. IT IS UNDERSTOOD that the ward "Mw~gagw" whether in the singular or plu~al anywhere in this Mortgsge, shall be sinyular if or?e only snd ~ shall be plunl jointly and severally if more thsn one, ~nd that the word "their" as uied snywhere in this Mwtgage shall be taken to mta~ "his;' "Mr~" or °its," wherever the context w implies or sdmits. Aiso, that whc?ever there is a reFerence in tht covenants and agreements herein contained to any of ~ fhe part;es hereto, the ume thall be construed to mean ~i well the heirs, legal rtpresentatives, succeuors and assigns (either volum~ry by sq ot the s parties or involuntsry by operation of the law) of the ssme and that the covenants herein contained shal( bind and the benefits snd adv~ntages inws to the respective heirs, legal representatives, tuccessors and su~gns of the panies hereto. • And said Morrgagors, for themselves and their heirs, legal representatives, successon ~nd suignt, hereby jointly and ~everally covenant and agree to and with the said MORTGAGEE, its successors and assigns: 1. To pay all and singular the p~irKipal and intereit ~nd the various and sundry sums of money p~y~bfe by virtue oi said promissory note, aod this ~ mortgage, esch snd every, prompfly on the days respectively 1he same severally becane due. ° 2. 7o psy ill and siigular the tsxes, asscssments, levies, liabilities, obligations snd encvmbrances of every nsture snd kind now on said desuibed oroperty, o~ that hereafter may be impoud, iuffered, ptxed, levied, or suesxd thereon, a ti?~t hereafter may be levied w Nsessed upon tl?is INort9- age, a tha indebtedness secured hereby, each and every, when due and psyable, xcwdir+y to law, before they betome delinq~eM, ~nd befwe a~y interest ~ arraches w any penatty is incurred; AND INSOFAR AS ANY iHEREOF IS Of RKORD THE SAME SHAII BE PROMPTIY SATISFIED AND DISCHARGEO Of RECORD AN~ THE ORIGINAL OfFICIAI DOCUMENT (SUCH AS, FOR tNSTANCE, THE TAX RfCEIPT OR THE SATISfACiION PA.~fR OiFlCIAILY ENDORSFO OR CfRiIF1fD) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WIiHIN TEN OAYS NEXT AFTER PAYMENT; and in the eve~t that any thereof is not pa~d, sst'sfied a~d dischsryed u:d MORiGAGEE may at any time pay tht same or •ny part thereof wilhovt waiving or affecting any optio~, (ic~, equity or 3 •~afit vnder or by virtue ot ~his mortgage and fhe fuN amount o! each and every such paymenl shaf) be immtdiately due and payable snd shall bear inte~est ~.om the date thereo! until pa~d at rate of n~ne per te~tum per annum end together w~eh tuch iHte~py be sec~c~~~ lien o( th's morglaye. ~ - ~ e~r.r yn