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THIS INDENTURE. Made thc 28th day of ' ebruary A.O. 19?
1 bet~veen
~K~nnet h R. ~~rew and Eve ~n t. . t`rew, h is wi ~ ~ -
of St. ~-uC1L' County Flwida, hereina(ter desgna~td as the "MORTGAGOR," and FIRST iEQfRAL SAVIPiGS AND IOAN
ASSOCIATION OF FORT PIERCE, a corpwation organized ant~ exi~ting unde~ the lawf of ths Un~ted S~atos o) Americ~ and having iri principai plece of
busineas in tAe City of Fo~t Pierce, St. lucie County, Flaida, hereinafter designated as the "MORTGAGEE:'
WHEREAS the MORTGAGOR is justly indebted 1o the MORTGAGEE in the sum of S 3~ 9ood a~d lawful mo~~ey of tha Un:ted
S~a~es advanced by the MORTGAGEE un~o tt~e MORTGAGOR, as evidenced by a ce~tain promissory note uf aven da~e hzrew~th, oi wh~ch the ioi~ow~ng in
words and fgures is a tr~e copy, to-wit:
3~ .o~~, c» , No iooaob~
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Fort Pie?ce, Flw~da, `~ebrua rv 28 19~g
For value received. 1, we w either of us, promiu to pay, without defalcai~on, to the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIALION OF
F02T PIERCE at Fort ~ierce, Ftorida, the sum of j_ 3~.L~~• w+th Inte~es~ kom date at the rate of 8•
7
So per anoum, in monthly install-
~~,enrs as iol!ows: 5-319 - on 1he _ZOth day of .TUne 19 74 and a like sum on the correspond~ng day of each moMh there-
efrzr until the whole be f~lly paid.
Each ~nsrallment firot shall be applied in payment of the inrerest artd then on the unpa~d balance of the pr~nc~pal sum. If default ia made in the
E~,~y~»ent of any installment when due, and such default continues 30 days, then at the option of the hoider, and without any other notice, all the rema~n~ng
;nsrallmenta shall be due and payable at once_ PrivUege is g~ven to prepay this note in whole w in part at any time without penalty. Neither forebearance,~
ror acceptance by ihe hoider thereof after any deiault in any payments he~eon, shall be deemed extension. A late payment charge of s_ 1 5.~ 5 shall be
: dded ~o each installment remaining unpaid ~ days after its due date, and a t~ke sum shall be added ro each wch ins~alimenl rema~n~ng unpaid 7 days aftet
e~ch s~cceeding payment date.
Each maker, surety and endorser hereof, joinlly and severally, wa~ves demand, presentment protest and no~ice of protest fw nonpayment, and turther
agrees to any extension of t~me of paymrnt, either befure or after matur~ty, wi~hou~ notfce to any of us; and to pay al: costs of co!tect;on, inctud~ng a
:.~esonable attorney"s fee in the event oF any de~au~t hereunder, and hereby se~erelly waives all benefit of homestead and exemption under the tonstitution
,~d laws of each State of tfie United S~ates, as against this obGgation or any extens~on or renewal hereof.
tness t and an eal f each party.
(SEAI)
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s// Ev vn I.. Drew ts~~)
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l5+ernps eaneeMed ~n or:ginaNnofe} "
NO'JV, THEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of S 3~ and the performance of the
:ovenants and agreements herei~a(ter e:pressed, and for divers good and valuab!e cons~derations, by these presents, does grant, bargain, sell, remise4,-
r~•!ease, convey and confirm uRto the MORTGAGEE, its successors and assigns, all that certain lot, piece w pa?tel of land, situate, lying, and being in the
Couny of SL . I.UC 1P a~ $tate of Florida, described +s follows:
~ UNTT N0. ONE,
I.ots 28 and 2~ Block 58, SA'~ L1JCtF PLAZA Si1BDPlISION,/as ~er plat
thereof on file in Plat ~ook S,oane S? or the public records or
St. 1_ucie Caunty, rlorida
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~ together with all and singutar the tenemems, hereditaments and appurtances thereunto belonging p in anywiu appertaining thereto, aod aU rents, iuues,
proceeds and profits accruing and to accrue from said premises, all of which are included in the above and faegoing dewiption and habendum.
TO HAVE AND TO HOLD the above described and granted premites unro the said MORTGAGfE, its successors and assigns foreve~. And the said
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~ h10RTGAGOR fw ~~~s, ezecutors, administrators and assi9ns, hereby covenants with the said MORTGAGEE, in succeasws +nd a~siyro,
~ tnat - the~/ aYe-- lawfully seized of the said premises in fee simple; that the same are free, cleer and discharged from all liens and encum-
~ b~ances in law w in equity, and that they will and their heirs shall warraM and defend the title to the same to the said
MORiGAGEE, its wccessors and assigns, fwever agair.st the lawful claims and demands of all persons;
r; PROVIDED, ALWAYS that if tFx MORTGAGOR shall psy unto the MORTGAGEE the promissory note hereinbefore dewibed and shall truly, promptiy
ar.d fully perform, d~scharge, execute, complete, comply wirh and ab~de by each and every the stipulations, agreements, conditioos and wvenants of said
' promisswy note and of this Mortgage, then this Mortgage and the Estate hereby crealed shall cesx and be nvll and void.
IT IS UNDERSTOOD that the word "Mortgagor" whether in the singuiar w plural snywhere in this Mortgsge, shall be singular if one only and
shai{ be ptural joinlly and severatly if more thsn one, and that tfie woid "their" as used anywhere in ihis Morfgage shall be taken to mean "his;' "heri".y
or "its;' wherever the context so implies or admits. Also, that wherever thert is a reference in t1~e covenants and sgreements herein contained to sny of~~
the perties hereto, the ;ame shall be construed to mean as well as the he~rs, legal represe~tatives, successws and assi9ns (either voluntary by sct of the~
- pa~ties or involuntary by operation of the law) of the same and that the covenants here~n contained shall bind and the benefits and advantages in~re L~
to the respective heirs, legal representatives, successors and a:s~gns of the parties hereto.
And said Mortga~ors, for themselves and their heirs, legal representatives, successas and assigns, hereby jointly and ieverally covenant and agree ;,Wj
~o and with tlx said MORTGAGEE, its svccessors and assigns: 4
1. To pay sll and singular tbe principal ar+d interest and the ~arious and sundry sums of money payable by virtue of said promissory note, and this ~y
mortgage, each and every, promptly o~ the days respect~vely the same severally become due. ~A~'~
2. To pay all and singular the ~aaes, assessrrKnts, levies, Iiabiliries, obligations and encumbrances of every nature and ki~d now on said dewibed A,
property, a that hereafter may be imposed, sutfered, placed, levied, or assessed thereon, a that hereafter may be levied p assessed vpw~ this Mortg- ~•~s
age, or the indebtedness secured hereby, each and every, whe~ due and payable, accwd~ng to law, befwe they become delinquent, and before any i~terest
s^, atraches w any penalty is inturred; AND ~NSOFAR A$ ANY TMEREOF IS OF RKORU THE SAME SHAII BE PROMPTLY SATISF!ED AYD DISCHARGED OF ~
.mz RECORD AND THE ORIGlNAL OFfIC1AL DOCUMENT ISUCH AS, FOR INSTANCE, THE TAX RECEIPT OR TME SATISFACTION PAPER OFFICIALIY ENDORSED
OR CERTIFIED) SHAII BE PLACED IN iHE HANDS OF SAfD MORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; and in the event that any thereof is not
pa,d, sa~'sfied and dischar ed sa'd MORTGAGEE ma at an tlme a the same or an art thereof without waivi or affecti an tion, lien, uit or
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'2=~ .~aht ~~der or by virtue of this mortgage a~d the full amount of each and every wch payment shall be immediately due and payable and shall bear interest
~-A •rom the date thereof until pa~d at rate of n~ne per centum per annum arsd together w~~h svch imerest shall be xtured by the lien of th:s morqtage.
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