The URL can be used to link to this page

Home My WebLink About2301 THIS INDEkTURE. Mad~ the Sth _ day of March A.D., 19. be~ween - i.ewis 1~1. McClain and Del~hina A. McClain. b~ q wifp of St . L11C1@ County fbrida, Aereinalter des~anared as the "MORTGAGOR;' and FIRST FEDERAI SAVINGS A!v0 LOAN ASSOCiAT10N OF fORT PIERCE, • corporat~on wg~nized and ex~s~~ng undar the laws of the Un~ted Sta~~s of Ame~ica ~nd h~ving its pr~nc~pai place of busineu in the City of Fwt Piace, St. tucia Cou~ty, florida, hueinafter des~g~~ated as the "MORiGAGEE:' WHEREAS the MORTGAGOR is justly indebted to 1he MORTGAGEE in the sum of S 9~~~ 9ood and lawful money of thr Un:ted S+ates advanced by the !dORTGAGE~ unto the MORTGAGOR, as evidauced by a ce~tam promiasory note of even date herevv~th, of wh~ch the fotiow~ng in words and fiyures is a true copy, to-wit: S 9 ,000.00 N, 10020673 Fwt Pierce, Flwida, March 5 ~q_Z~ For value received, 1, we or either of us, prorn~se to pay, wi~hout defalcat~o~, to ~he order of FIRST fEUERAI SAVINGS AND tOAN ASSOC~ATION OF FORT PIERCE at Fort Pierce, Florida, the sum of S-~~~'~ W~rh inferest irom date at ~he ~ate of 8•_9:o per annum, in month!y i::stall- ments as fof!ows: S 81 2~ th day of A~Yl l , 19. _?4 and a like sum on ~he cwrespond~ng day of each m~n:h there- a!ier until the whole be fully paid. Each ~RStallment first shall be applied in pay~nen~ of the interest and t1~en on the unpaid balante oi the princ:pal sum. If deiault is m.:~~e in the ~ o~ment of any instal:ment when due, and such defauh conr~nurs 30 days, then at the opt~on of the ho~der, and witho~t any other notice, all ihc~ rema~~~ng ~~ztallments shafl be due and payab:e at once. P~iv~trge is givan to prepay this note in whole or in pa~1 at any time w~thout pe~wlry. Neither forebearance, nor acceptance by the F.older thereof airrr any defautt in any paymeros hereon, shall be deemed extension. A late payment charge of S4•O5-. shall tx _ dded fo each installment remaining unpaid 7 days after its due date, and a tike s~m ahall be added to each such installment rema~mng unpaid 7 days aftar each succeeding payment date. Each maker, surety and e~dorser hereof, joint~y and severally, wa~ves de~+~and, presenr~nent protest and notice of protest for nonpaymrnl, and further agrees to any extension of time of payment, either before or after maturiry, vviThout nohce to any of os; and to pay all costs of collaction, indud:ng a ~•~a:onable a~ror~ey'a fee in the event oi any d~fau~t hereunder, and hereby severally waives all benefit of homea~ead and exemption under the constitution ,:~d laws of each Sta~e of the United States, as aga~nst this obl~gation w any extrnsion or renewal hereof. Witness the hand and seal of each party. S/ Lewi s M. McClain (SEAL) (SEAI) Delphina A. McClain (SEAL) ~ ; iSEAU i ~ 13 . S~ 1 State Revenue 9 000 00 NO'N, THEREFORE, the MORTGAGOR fw the purpose of secu~~ng payment af said sum of S ~ ' and the perlormnnce of the corenants and agreements here~nafter exp~essed, and for divers good a~d vatuable considerat~ons, bjr these presents, dces grant, barga~n, sell. rem~sc, re:ease, convey and confirm unto the MORTGAGEE, its succeswrs and ass~gns, atl that certa~n lot, piece or parcel of Band, situate, lying, and being in the County of St. Lueie and State of Ftorida, desv~bed as fotlows: Lot 20, Block 6, LAKE'nK~OD PARK, UNIT NO. 1, as per plat thereof on file in Plat Book 10, page 51, of the public records of St. Lucie County, Florida~ ; Q, _ r7 ' ~ O} N~ ~ ~ - _ i ; ~ uM 7,c R..~-.-~ L C~~:.~ ,c>~ 1 -~r co - itE VENUE S Tl~ :~V1 j• € ~ ~ - ; ~ • : !i x i ~ N _ ~g ; ~:.:K~!•~~tc~'''~_+ ~ , ~ ~ _ ?F,.,~ sl _ 3, 5 0 ~ ~ ~ ~ ~ n ~ R~ ~ 111 PAYMEXT Gf TnX~. ~ D{E i~ll ClAS3 'C INTMlCIeiE PERSQOtAI PROfEit7Y, ~ r'IJii~MIR TO CF~AP~f4 71•134, ACTS Oi 1971. ~ ROGE~1 PORRJ?S ~ Ct~R1{ CIRCWT CQURT~ ST, LUClE Op~ r ~ ~ together wish all and singutar the tenements, hereditaments and appurtances thereunto belongirg o? in a~ywise appertaining thereto, and all rents, issves, - F or«eeds and p~ofits accruing and to accrue from said premises, all of which are included in the above and foregoing description a~d habendum. ~ TO HAVE AND TO HOID the above desvibed and granted prem~ses unto the said MORTGAGEE, its succesiws and ss:gns forever. And the said their ~ :tORTGAC~OR for he~rs, exetutors, administrators and assigns, hereby covenants with the said MORTGAGEE, its suttessors and assign~, tIlQ~7 are__ iaWf~uy seized of the said prem~ses in fee simple; fhat the ume are free, clear and discharged from all liens and tncurtr y +nat _ brances in law o? in equity, and that they will and their heirs shall wsrrant aed defend the tiHe to the same to the said r' lNORTGAGEE, its succeswrs and assigns, fwever against the Iawful daims and demands of all persons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiuwy note hereinbefore described and shall truty, pr«nptly f ~ and fuUy perform, d6scharge, execute, complete, comp~y with and ab~de by each and every the stipulations, agreements, conditions and covenants of said ' ~ ` promiswry nole and of this Mortgage, then fhis Mortgage and the Estate hereby created shall cesse and be null and voi . ' IT IS UNDERSTOOp that the word "Mortgagor" whether in the singular or piural anywhe~e in this Mwtgage, shall be singular if one only and _ shall be plural jointly and uverally if more than one, and that the word "thair" as uud anywF~ere in this Mortgsge shall be taken to mean "his;' '"hers," - er "its;' wherever the context so implies or admits. AIw, that wherever there is • reference i~ the covensnts and agreements here~n contained to any of - rhe parties hereto, 1Fx same shall be construed to mea~ as well as ~he heirs, legal representatives, sutcesso~s a~d assigns (either votuntary by act of the S• parties or involuntary by operation of the law) of the same and that 1he covenants herein contained shall bind and the benefits and advantages inure M ro the respective heirs, legal representatives, successws and ass~g~s of the parties hereto. ? - And said Mortgago~s, for themselves and the~r heirs, legal representatives, successors and ass~gns, hereby jointly and severally covenant and sgree ~ J ;;-z ~o and with the said MORTGAGEE, its successors and assigns: ~ 1. To pay all and singular the principal and intercst and the various and svndry sums of money payable by virtue of said promisswy note, snd thi• mortgsge, each and every, prompfly o~ the days respectively the same severell~ become due. ~ K'~; y, i 2. To pay all and singular the taxes, assessments, levies, liabiliries, obli9ations and encumbr~ntes of every nature and kind now on said desaibed i property, o~ fhat hereafter may be impoted, suffered, plated, levied, o~ auessed thereon, or that he~eafter may be tevied a assessed upoo this Mort9- ~ age, or the indebtedness secored heroby, each and every, when due and payable, according to law, before they become delinquent, and before any interest - a+taches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF ; RECORD ANO THE ORIGiP:AI OFFICIAI DOCUMENT ISUCM AS, iOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PApER OFfICIALIY ENDORSED pR CERTIffED) SHALI BE PlACEO IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAVS N'cXT AFTER PAYMENT; and in the event that any thereof ia no? - pa~d, sat'sfied and discnarged sa d MORTGAGEE may at any t~me pay the same or any part Ihereof without waiving w affecting any option, lien, equ~ty or •~qht under or by vi.tue of this mo~Tgage and the fvll amount of each and every such payment shall be immediately due and payable and shall bear mterest - ~rom the date fhereof until pa~d at rare of n~ne per cent~m per annum and together wnh such inrerest shall be secured by the lien of th:s morgtage. ~c. ~ ~ - _ ~ ~ ~ ~ 3 TQ ~ ~ ~ a ; 4 .a,.3 ..F' A^3~~~ ^a~. 2~~`' ~r 2~i~~;~~ : Jr ~ -~2'"„~~` . t~c'±~5~~~ ~ _ . _ . Z ^p +r~ 1'; _ c