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Home My WebLink About1031 ;~"rSf~U~ ~ THIS INDENTURE, ti+.d. f~ 25th day oi Februarlr , A.O. 19_ 74 ~t..~o~ Wayne Bdward Allen and Jo Mn Allen, his wife r of St • ~.~1C~@ ~~~ry Fiorida, herainafte~ de~~gnaeed as Ihe "MORTGAGOR," and FIRST fEDERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, a corpora~ion wganized and ex~st~ng under the laws oi the United Statos of America and having its princ~pal place of businets in ths City of Fort Pieres, St. Lutie County, Flotida, hereinafter designalyd as the "MORTGAGEE:' WHEREAS the MORTGAGOR is j~~tly indebted to Ihe MORTGAGEE in the sum of S 12 ~800• gQw~ and ~awiul money of the Un~ted S~atet advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certa~n promissory note of even date herewith, of wh:ch the following in words and fi ures is a true copy, to-wit: 12 80~ 00 ~ 10020650 s ~ ~ RebYUazy 25 1974 Fort Pierce, Flwida, For vatve recrived, I, we or eilher o( us, prom~se to pay, without defalca+io~, to the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATtON OF FORT PIERCE at Fort Pierce, Fbrida, the wm of j_ 12L8O0'~~ w;~h ~nterest from date at the rate of 8`9ob per annum, in monthly install- n,ents as fol!ows: j_llb T_ on tha 2~th day of Apr il Z974 _ and a like sum on the correspond~ng day of each month there- atter until 1he whoie be fully paid. Each installment first shall be appl~ed in payment of the intereat and tt,en on the unpaid balance of the princ~pal sum. ~f defautt is made in 1he Fayment of any instaitment when due, and such default co~~inues 30 days, then at the opt~on of the holder, and without any otfier notice, all the remaining ~nstallments shall be due and payable at once. Privilege is g~ven to prepay this note in whole or in part a1 any time without penalty. Neither forebearaoce, nor acceptance by the holder thereoi after any default in any payments hereon, shall be deemed extension. A late payment charge of S-5' 8O . shall be added to each ins~ai!ment remaining unpa~d 7 days after its due date, and a I~;.e s~m shall be added to eath such installment remain~ng unpaid 7 days aftet each succeeding payment dare. Each maker, zurety and endorser herrof, jointly and severally, wa~ves demand, prase~tment protest and not'ce of protest for nonpayment, and funher agrees ~o any extension of time of payment, either before or after maturity, witho~~ nor~ce to any of us; and to pay all costs of coll_ction, includ:rtg a ~r~sonable attorney's fee in the event of any de(au;t hereunder, and hereby severally wa~ves all benefit of homestead and exemptian under the constitution and laws of each State of the United States, as aga;nst this o6ligation w any extens~on w renewal hereof. Witness the hand and seal of each party. S/Wayn~e Bd~rard Allen (SEAI) . • (SEAI) Jo Ann Allen $19. 20 1 State Revenue iS~tp! L'a1klM!!! oR eflgR~el~rfoR}' 12 8~. NOYV, THEREFJRE, the MORTGAGOR fw the purpose of securing payment of said sum of S ~ and the performance of the covenanta and agreements hereinafter expressed, and fw divers good artd valuablt considerations, by these presents, does grant, bargain, s811, rem~se, refease, convey and confirm unto the MORTGAGEE, its s~.cceiwrs and assigns, all that certain lot, piece or parcel of land, situate, lying, and being in the County of St. Lucie snd State of florida, desvibed ~s follows: Lot 6 and the South of Lot 3~ Block 16, OAKLAND PARK SUBDIVISTON, aecording to - the plat thereof on file in Plat Book 2 at Page 7, Public Recotds of St. Lucie County, Florida, and the West 5 feet of vacated alley adj~?cent on the Bast.~ i k { E i t ~ ~ ~ > Q STAT~ ~F FL^,R,; ^ ! ~ o~ dOCUMENT14Rv SIl~Mf' i. i~ ~ =r DE?i. UF uEYEh~lF - ~ ~ - ' q f ~ ~ _?8 = F~•s: i'71 f~~`''~rj~! 9. G O' ~ € ~ _ ~t~? ~ • ~IN r~r~M a wuc6 ~ 4IIpE CI/1SS 'c MrfNlOlaj lE~O~ ~ p„aR,Krt to aMr~ n.~. ~cra ~ iui. ~jj y ~ ~ f~llql GACUif OOilltf. Sf. WCIE CO~. ~1A ~ ~ ~ s ~ ~ ~ ~ ~ rogether w~th all and singolar the tenements, hered~taments and appurtances thereunto belonging or in anywise appeAaining thereto, and all rents, issues, proceeds and profits accruing and to accrue from said premixs, all of which are included in the above and foregoing deuription and habendum_ TO HAVE AND TO OlD the above desaibed and granted premixs unto the said MORTGAGEE, its sutcessors and auigns forever. And the said ~ MORTGAGOR for --the~l----- F~e;rs, executors, administrators and assigns, hereby covenants with the ssid MORTGAGEE, its sutcessors and auigro, the are rhat Y----- Iswfully se~:ed of the said prem~ses in fee simple; that the same are free, clear snd discharged irom aH liens and ertcum- brances in !aw a in equity, and that they will and their heirs shall warrant and defend the title to the same to the said MORTGAGEE, its successws and assigns, (wever against the lawiul claims and demands of all persons; e~ PROVIDED, ALWAYS that if the MOitTGAGOR shall pay unto the MORTGAGEE the promiuory note hereinbefore dewibed snd sF~all truly, promptly s and futly perform, d~scharge, execute, complete, comply with and abide by each and every the s~ipulations, agreemcnts, conditions and covenants of said ~ promissory note and of fhis Mortgage, thrn this Mortgage and the Estate hereby created shall cesse and be null and void. IT IS UNDERSTOOD that the wwd "Mortgagw" whether in the singula~ or pl~ral anywhere in this Nbrtgage, shall be siogutar if one only and 4r sfiall be plural jointly and severally if more than wx, and that the word "their" as used snywhere in th~s Mortgage shall be taken to mean "his;' "hen," or "its," wherever the context so implies w admits. Also, that wherever there is a reference in the covenants and agreements herein contained to any of ~ the parties hereto, the same ahall be construed to mean as well as the he~rs, legal representatives, successors and assigns (either vo~untary by ~ct of the parties or involuntary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and sdvantagd inure to the respective heirs, legal repreuntatives, successors and ass~gns of the parties hereto. ~ ' And saii! Mortgagors, fw themselves and their heirs, legal representarives, successors and assigns, hereby jointly and severally covenant and agree ~ to and with the said MORTGFGEE, its successors and assigns: ~ 1. To pay all and singular tlu principal and imerest and the various a~d svndry sums of money payable by virtue of said promissory note, and this = mwtgage, each and every, promptly on the days respedively the sarae severa~ly become d~r. . ?'a 2. To pay all and singular the taxes, assessments, levies, lubiliries, oWigations and encumbrsnces of every narure and kind now on said described _ property, a that hereafter may be imposed, suffered, placed, levied, or auessed thereon, a that Fmreafter may be levied o~ assessed upon this Mwty- -i' age, or the indebtedness secured hereby, each and every, when dve and payable, xcording to law, befwe they become delinquent, and before any interest attaches or any penalty is intuned; AND INSOFAR AS ANY THEREOf IS OF RECORD iHE SAME SHAII BE PROMPiIY SATISFIED ANO DISCNARGEO OF RECORD AND THE ORIGtIrAL OfFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR iHE SATISFACTION PAPER OFFICIALLY ENOORSED ~ OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; and io the event that a~y thereof is not pa~d, saYSficd and discharged sa d MORTGAGEE may at a~y ume pay the same or any part the~eof without waiving w aFfecting any oplion, lien, equity or ' .~qht under or by virtue of this mortgage and the f~ll amount of each and every such payment shall be immediately due and payable snd shall bear interest ;~z ~rom the date the~eof umil paid at rate of n~ne pe~ centum per annvm and toge~her w~th such interest shall be secured by the lien of th's moigtage. 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