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Home My WebLink About0102 IV I •JVVy TNIS INDEMURE, N1ede tha~~~l-..-_ day of 'E'-~_i~~-~___ AD. 19_~`~.~ between nn.~r~ ~~Towns~n~i and Kath~y. Sown~~~~_his-w~' -f~e of _St _ _1 ~ ~ounty florida, herrinafte~ desi3n~trd as the "MORTGAGOR," and FIRST FEDERAL SAVINGS ANU IOAN ASSOCIATION OF FORT PIERCE, a corporat:on organized and ex~sring unJer the laws oi the Umted Sta~is of America and hav~ng 4s pr+nc~rai plate of businesa io ~he City of Fort Pierce, St. lucie County, Horida, hereinaftrr designocrd as the °titQRTGAG'_E." WHEREAS the MORTGAGOR is ~ustty ind~bted to 1ha MORTGAGEE in rhe wm oi S_3~ s6O~._~~0~-_~ gocd and lawful money of the Un:~ed S!ates ad.ancad by ~he 1~10RiiiAGEE ~mo ~he MORTGAGOR, as rvider.c~d by a cerfo:n prom~ssory note of e~en datc herew~tn, o? whlch th^ ~O~~J'~/r~~~9 i~ .~crds and figures, ~s a true copy, ~o-wit: s.3i , ~oo, vo No 11(X~0195 . fort Pierce, Florida, Februa~r,v 1~~ ~q~~ For value rece~.ed, 1, we w eiihe~ of ~s, prom:se to pay, without de~alc~t~on. to ihe o~der of fIRST FEDERAL SAVINGS AND lOAtv ASSOCIATIQN O` i ORT FIERCE a1 Fort Pierce, Florida. the svm oi S- ~l-~ ~Q..QQ__. ~.,~h ~nr~•rest from date at the rate of _°o Fcr annum, in monthly ins•all- ~•~enrs as fol!ov~s: 5--285• on ~he ?Ut~ay of ~~dlCtl , ~9 .7`_~ _ ar.d a Gke wm en the coirespond~ng u~v o4 esct~ moroF, there- alre~ until tne whofe be ful~y pcid. Eath installment (irst shall be appliad ~n paym~nr of tiie inttre:t and ri„r~ on the unu,,-d F;alancc of the princ'pal sum. Ii default ~s made in 1he ~:~ym~nt of ariy inst,,iSnent when due, ar.d such delault continues 30 days, then at the option of the ho~dcr, and wrth~ut any othet ncticr, all the remaining u~srallments shatl be d~e and paysble ar once. Privi~ege is g~von to prepay ttus nore in whote or in part at a~y r~ne witho~t penalty. Neither forebearance, nor acceptance by the hplder thereof afrer any default in any paymenta herron, shalt be deemed exrens+on. A late payment charge oi S_ 14 • Z,~ha11 be ~~dJrd ro each instaiimant remain~ng w~pa~d 7 days aher its due date, and a I~we sum ihall tx addrd ~o each such instaitmeN rema~uing unpaid 7 days aher each wcceeding paymen~ date. ' , Each maker, surety and endorsrr hereof, jo~nNy and severaily, wa~ves demar:d. pres~~ntn:ent protesr ar.d corke of p~otest for nonpaymcN, and iurther agrees to any eatersio~ of u~t~e of payment, e~ther o~fo~e o~ after matur~~y, witho~t net~ce to an~~ of ~s; and ro pay a:l costs of collection, indud~ng a ~easanab!e attorney's Ire in the zvrnt of any defau~t f~ereundrr, and hereby sr4era'ly ~va~~es a~l benefit of humesread a~d eaemption under the tonstit~tion ~~d iaWS of each State of the Un~ted States, as againsr this ob~~gation or any extans+on or reneti+~el hcre,~f. Witness the hand and sea! of each parry. S/ Robert J. Townsend tseA~~ (SEAI) _ Kath~,vn E. Townsend (SEAL) $,~7 ~ 40 (sEat) t_ ) State Revenue X~i]G~jXX~~GX~di~6N~~A~fi~SXX . NO~N, THEREFORE, the h40RTGAGOR for the purppse of securing payment af sa~d sum of S 31 i bdQ _ OQ anQ the performsnce of the covenanta and agreements here~nafter expressed, and for d~vers good and va~~ab!e cons~derat~ons, by these presents, dces grant, bargai~, sell, remise, re~ease, convey and confirm unto the MORiGAGEE, its successors and ass~gns, all that certain lot, p;ece or parce{ of land, s+tuate, tying, and being in the County of St . Lucie and State of Florida, deecr~bed es tollows: :'rom the Northeast corner of Lot 1, Block G of MARAVILLA HEIGHTS, as recorded in Plat Book S, page 1, St. Lucie County, Florida, Run :~'orth 87° 54' 10'~ West along the North line o£ said Lot ~ 158.56 feet; thence run due South S1~.63 feet to the point of beginning; thence continue South 200 feet; thence ~un due ' !dest 107.67 feet to the East right of way of ~nrise Boulevard; thence run - ~ northerly along said ric~ht of way line 100.8 feet; thence run due East 120.38 P ~ feet to the point of beginning. i ~ t ~ 3 9 a s ~ s _`i Xf ~ - ~ ~ r~ i , . C T ~7.. ~ F ~ ~ ~ ° i • ~ ~ ~ ?-j . : • ' n'~-~',` ~ U';~:UME!•,TARY.--~',~ 5?t~~~l!~ t ~ •'Y~ • `E .~yi: ? ~ : - _ ~-i- :"r_YC^iUE-.:~{~,#-~;_-- i .G~n`~`" *J,~~ . 3 N _ 1~~[G'li ~'~y 4 7. 4 0 ! ~;`~~~4~~ 11.1~j~\ ~ r8 ~ ~,R~st.~,Ul. ~ m ' A} ~ , , ~ _ ~ °~'`~S~ + ~,qCV\t ~UR ' , v+- 6'~'_ ; C~~ a : . ' togesher with a!~ and singu(ar the teneme~ts, hereditamenrs and appurtances ?herevnto belonging or in anywise appertaining thereto, and all rents, issues, ~ proceeds and profits accr~~ng and to accrue from said prem~sea, all of which are included in the above and foregoing description and habendum. TO HAVE AND TO HOLD the above described and granfed premises unto the said MORTGAGEE, its suctessws and sssigns forever. And ihe said MORTGAGOR fa -~e~----- heirs, exec~tors, adm~nistrators and assigns, hereby covenants with the said MORiGAGEE, its successws and ~ssignt, ;a ~hat --~27~--clZL-- lawfully se~zed of the said prem~ses in fee s~mple; that the seme are iree, dear and diuharged from aN liens aod entum- } brances in law or in cquity, and that they W;~~ and thelr _ heirs shaH warrant and defend the title to the ssme to the said MORTGAGEE, it~ suctessors and ass~gns, forever against thE fawful claims ard demands of all persons; °j PROVIDED, AIWAYS that if ~he MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore dexribed and shall truly, promptly and fully pe~form, d~scharge, execute, compleTe, comply with and ab;de by each and eve~y the sfiputations, agreements, conditions and covenant~ of said - prom:ssory ~ote and of this Mortgage. rhen this Mortgage and the Estate hereby created shai! ceax and be null and vo~d. IT IS Ul+lDER570pD thar the word "Mortga~or" whether in the s~ngula~ or plural anywhere in this Mortgage, shall be sing~Iar if one only and ; ahall be plural joimly and severally if more than one, and that the word "tFe~r" as used anywhere in this Mongage shatl be taken to mean "his," "hers," = or "its," wherever the contexf so imp!ies or admits. Also, fhat whe~ever there is e reference in the covenants and agreements he~ein contained to any oI the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, successors and ass~gns (either voluntary by act of the ' parties or invotuntary by operation of the ~aw) of the same and that the covenants herein co~tained shall bind and !he benefits aod advantages inure ~ to the ~apedivr heirs, legal representatives, wccessors and ass~gns of the parties hereto. `b And said Mortgagors, for themse~ves and their he~rs, legal representatives, successws and assigns, hereby jointly and uveraily covenaot and agree ~ to and with the said NORTGAGEE, ~ts successors and assigns: rt 1. To all and si ular the rirx: al and interest and the var~ous and sundr s~ms of mone _ PaY ~9 P P y y Fayable by virtue of said promissory note, and this matgage, ebch and every, promptly o~ the days respectively the same severafly become d~e. - 2. To pay all and singular the taxes, assessments, tevies, I~abilities, cbligarions and encumbra~ces of every nature and kind now on said described { property, or that hereafter may be imposed, suffered, plated, levied, or assessed therepn, or that hereafttr may be levied w assessed bpon this Mor!¢ age, or the indebtedness ~ecured hereby, each and every, when due a~d payable, according to law, before they become delinquent, ~nd before any interest attaches w any penaHy is inc~rred; AND IN$pfAR AS ANV THEREOF IS OF REtORD 7HE SAME SHAII BE PROMPTLY SATISF~ED A~1D OISCHARGED OF ~ RECORD AND THE ORIGSNAL OfffClAl DOCt/MENT (SUCH A5, fOR IMSiANCE, iHE TAX RECEIPJ OR THE SATISFACTION PAPER OFFICIALtY ENDORSED OR CERiIf1E0) SHAtL BE PLACED IN TNE MAN~S OF SAID MORTGAGEE V4ITNIN TEN dAYS N~XT AFTER PAYMENT; and in the evem that any thereof is nof ; paid, sat sfied and d~scharged sa d ~AORTGAGEE may at any t~me pay rhe same or any part thereaf wirhout wa~ving o~ aFfecring any option, lien, eqvity or - •~qht under or by virtve of fhis mortg;ge and the fufl amoun~ of each a~d every s~ch payment shall be immediately due and payaele and shall bear iMerest ~rom the date thereof until pa d at rate of ni~e per cenr~m per ann~m ar.d togeA~tr ~th~s h i~terest ~~.~secured by the hen of th:s morgtage. " ' f'~ ~ - . . •w~i tU~ ~ II . ~ . . . ts-_ 7`v.