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Home My WebLink About2886 2'7~ 8~~1 THiS IIYDENTURE. Made the 2~th day of Jd~uB?~ A.D. 19__7 between Rair b Powell Construction ComFany~,a F1Q,rida Corporati n of St . LuCl@ ~p~n~y Florida, herei~~fte~ designated as ths "MORTGAGOR;' and FIRST FEDERAL SAVINGS ANO tOAN ASSOCIATIO:V OF FORT PIERCE, a cwpaation w9ani:ed and ez~it:ng unde. th~ laws ot ths Unired S~atas of America and havi~g its priixipal plsce of businsss In tlw City of Fort PiKCe, St. lucia Couny, florida, hereinafter designatad ai tha "MORTGAGEE:' WHEREAS tM MORTGAGOR is juitly indebted to ths MORTGAGEE in the sum of i2g L6OO.00 , good and lawful money of the Un~ted STatea advanced by the MORTGAGEE unto tF~ MORTGAGOR, as evidenced by a cerfain promiuwy note of even date herewith, of which the followinQ in wads and figures is a frw copy, Io-wit: s 29+600.00 ~,~,10020610 Fo?t Pieres. Fio.:aa. January 25 ~y~ for valve received, I, we or either of us, promise to pay, wi~ho~t defalcation, to the order of ftRST FEDERAI SAYINGS AND LOAN AS50GIATION Of FdRT PIERCE at Fort Pierce, Florida, the sum ot t29, 600. ~0 with in~eres~ from date af the rate o~8 • 7S ie per annum, in monthly i,~s~all- ments u~oltows: ~24~ 2OZh day of ~y , 19?'4 a~d a I~ke sum o~ the correspond;np dsy of each month there- after unti! the who)e be fully paid. Each installment fint shall be applied in payment of the in~erest and then on the unpaid balance of the princ~pal sum. If default is made in the ~ayment of any i~statlment when due, and such defauH continues 30 days, then at the option of the hotder, and wirhout any other notece, aU !he ~emaining ~nstaltrc.enfs shall be due and payable a? once. Privilepe is give~ to prepay this note in whole or i~ paA at any time without penalty. Neither forebearance, nor acceplance by the holder thereof after a~y default in any payrteents hereo~, shall be deemed extension. A late payment charge of S 12' 20 shall be added to each installment remaining unpaid 7 days after its due date, and a like sum shall be added to each such instatiment remai~irg ~npaid 7 days after each succeediry payment date. fach maker, surety a~d endorser hereof, jointly and severalty, waives demand, presentment protest and no~ice of p~otest for nonpayment, and furthe~ agrees to any extension of time of payment, either before or after maturity, withou! notice to any of us; and to pay all costs of cotlect~on, includ~ng a +easonable attwney's fec in the event oi any defau7t hereunder, and he~eby severally waives a~l benefit of homestead and exemption under the constitutio~ and laws of each State of the United States, as against this obligatio~ or any eztension w ~enewal hereof, Witness the hand and :ea~ of each Pa?ty. FAIR b POWELL OONSTRUCTION COMPANY . CO}~;QRATS SEA[. AFF IXBD gY ~ (s~aU ~ ~ P i ~ (s~?t) %;rr,~ AT?EST: S Bettv J. CubbedQ~, Secretarv~i~ . , . : Treasurer~~u ~ t ' ' agie ae~M~ 29 600 00 ~ffBR~.~ MORTGAGOR for the purpose of securing payment of uid sum of = ~ • snd the pe?fwmanca of the ~~r•~ ~gr Ifereioafter eapreued, and for divers good and valoabfe consideratiaa, by thes~ presents, does greM, bargain, aell, remise, :f~s~~OO~?MRr•~~~R vnto the MORTGAGEE, its tuccessas and auigns, all that certain lot, piece or pucel oi land, situate, lying, and being in tl~e •v9~~~ C1¢ , and $qte of Florida, described ~s foltows: F~n~~,lsjta.1~j~t+a, ~r,.~.,,. Lot 3~ Block 3, SUNRISE HOi~SITES SUBDIVISION, as per plat thereof on file ' n in Plat Book 13, page 14, of the pttblic recoxds of St. Leicie County, Rlorida, I . N~'~"~.ylici...". ' s4~.-..' ' . r. t~~ tS.S:C St.S;.x s• e f . ' oz ° oo~cATE ~F ~ UMENtARY~.;,. S O R I D~1 I ' c-~ DEPi. OF 17EVENUf ~ca~~t___ _M P T X` ~ ES I ~ ~ - - _ t y ~!_a ~ . ' yj ~F ~P~ti`~ ~ r ~ o ! 102._ ~ ~tl : "v'7~ F``."-~~-,~. ~ ~ ? ~ ~ ~ ` 5 ~ p~~ ~5:~ LP~~ t i _ ~ ~ i6\8 0• _ - ~ ~C `K1pt l, ~ ~CSS R E ON CIJ~ Ct?~~ Pp~ZRA~ ~E F~~' ; • W' t1S~ 'SO R~'E~RS. S{ . ~ i ~K ~,~c,Wt ~ ' ~ ' Cl~ '/1~/~' i i i i ~ rogetF~er with aN arsd si~guiar the tenements, hereditaments and appurtances thereunto beiooging or in snywise appertaining thcrero, and all rents, iuues, & proceeds and prof~ts accruing and to acuue from s+id premises, all of which are included in the sbove and foregoing description and habendum. ~ TO HAVE AND TO HOI~ the above dewibed and gnnred premises unto the said AAQRTGAGEE, it~ suctessors and assipns forever. And the s+id i ; MORTGAGOR for Lbelr Ix;n, executws, sdministrators and ass;g~~, hereby cmrcnants with tF?e said NIORTGAGEE, its tucceswrs snd sui~ro, ' ~hat -they aIe - lawfulty xized of the said premisea in fee simple; that the same are free, clear and d~scharged from all lie+~s and cncum- brances in law or in equity, and ~Fwt they will and their hein shall warranf and defend the title fo the ume to ihe said _ MORiGAGEE, its s~ccessors and assigns, forever agsinst the lawful claims and demsnds of all persau; PROVIDED, AlWAYS thst if the MORTGAGOR shall pay unto the MORTGAGEE the promisiory rats hereinbefore described and shall truly, promptly 3 and fully perfwm, diuhsrgc, execute, complete, comply with and abide by each and every the stlpulatiau, agreements, conditions and covenanb of said 3 promiuory note end of this Mortgage, then this Mortgage snd the Estate hereby aested shall ce+se and be null and void. ' IT IS UNDERSTOOD that the word "Mortgsgor" whether in the singular or plural anywhere in thit Mwtgage, shall be singutsr if o~e o~fy ~nd ~ shall be plursl jointly snd uveratly if more thsn or?e, and that the wwd "their" ss used anywhere in this Mo~tgsge shall be t~ken to mesn "hi~," "hen," or "its,° wherever the context so implies or admits. Also, that wherever there is a reference in the covenanri and agreementt he~ein contained to any of ;he pa?ties hereto, the sams shall be construed to mean a~ wefl ss tF~e heirs, legal rep?esentative~, successon and assiyns (either volunUry by act of the parties or involunfary by operafion of the law) of the ssme and that the covenants herein contained shall bind and the be~efiti and advanfsges inure ~ ro the respective heirs, legal represeMatives, iucceuors and au~gns of the par:ies hercto. < And said Mortgagors, fw themselves and their heirs, legsl representatives, successors snd assigns, hereby jainNy and severaNy covenant and ayree a to snd with the said MORTGAGEf, it~ successors and auigna: 1. To pay al~ and singular tFx principa! and intaest and the vsrious and sundry tum~ of money payable by virtue oi said promisso?y note, snd thii mwtgsge, esth aAd every, promptly on tha days respectively Ihe same severa~ly becpne due. 2. To psy all snd s7ngula~ the taxes, auessments, levies, Iis67lfties, obligations ~ntl encumbrances oi every narure and kind raw on said described property, or th~t hereafter may be impwed, suffered, placed, levied, or aueued thereon, or that heroaftar may be levied or ~ssessed ~pon this Morty- i age, or the indebtedness secured hereby, esch and every, when d~e ar+d payable, according to Iaw, befwe they become delinquent, and before any interest attaches w sny penalty is incvrred; ANU fNSOFAR AS ANY THEREOf 1S OF RKORD THE SAMf SHAII BE PROMPTLY SATISf1ED AND DISCHARGED OF RECORD AND THE ORIGItvAt OFFICIAL DOCUMENT (SUCH AS. FOR INSTANGE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENDORSED OR CERTIFIED) SHAII BE PLACEO IN THE HANDS OF SAIp MORTGAGEE WITHIN TEN OAYS NEX1 Af7ER PAYMENT; a~d in the event that a~y thereof es nof paid, sat'sfied and diuharged sa:d MORTGAGEE may a? any time psy the same w any part thereof witFw~t waiving or affetting any option, lie~, equity or ' •~qM under or by virtue of this mortgage and the full amount of each a~d every such payment shall be immediately due and payable and shalf bear interest < <•om the date thereof untif paid at rare of n~ne per centum per annom ar~d t ~?h ~uc all be secu~ed by the licn o( th:s morytaye. - f! ~E ~AOU