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HomeMy WebLinkAbout2689 THIS INDENTURE. Mad~ the i2th dsy of Ma?rch _ A.D. 19 7d between _ Robert J. Ssith and Lo s A. Ss~th~ s~ir3~e - of St • LL1C 1@ County Flwid+, M~~inafttr dssqna~ed as tha "MORTGAvUR," and FtRSi FEOERAL SAVINGS AND IOAN ASSpCIAT10N OF fORT PIERtE, a corpwation o+pani:ed and existing under the laws of tl.~ ',ln+ted Sat~s of America and having it~ principal place of buuneu in the Ciry of For1 Pierc~, St. lucie County, Flaida, hereinaiter des~gnated af tM "N17RTGAGEE:' WHEREAS the MORTGAGOR is justly indebted to Ihe MORTGAGEE in the sum of ~241 ~~«~r, good and lawful money of ~he United Srates sdvanced by the MORTGAGfE unto the MORTGAGOR, as evidenced by s cenain promisswy r.olc of ~ven date herewith, of which the (ollowing in wordt and figuret is • true copy, towil: z_ 24 3~0 . 00 t,~, 10020699 Fort Pierce, fiorida, Ma rc h 12 ~q3~ Fa value receivcd, I, we or ei~her of us, prom~u to pay, without deialcai~on, to the o~der oF fIRST FEDfRA! SAVINGS AND LOAN ASSOC~AiION OF FORT PIERCE at fat Pierce, florida, the sum of S 24•3~~~ w;eh inte~es~ liom date at the rate of 8.9 0o per snnum, in monthly install- ~„rnts as (ottows: S~~ on the ~eQ~ day of AR=i~-___, 19__ 74 and a like sum on the cwrespond~ng day of each month there- atter urdil the whote be fully paid. Each installment first shall be appt~ed in payment of the interest and then on the unpaid balance of the print~pat sum. If default is made i~ the p.,yment of any instaltment when due, ar~d such default continues 30 days, then at the option of the holder, artd w~thow any other notice, all the remaining ~~~srallments shail be due and payable at once. Privilege is given to prepay this note in whole w in part at a~y time without penalty. Neither fwebearance, no~ acceptance by the holder thereof after any deFault in any paymcnts herewn, shall be deemed extenaio~. A late payment charge of S-~.Q, shall be added to each instatlment remaining unpaid 7 days af~er its due date, and a like sum ~ha11 be added to each such installment remaining unpaid 7 days after each succeeding payrneM date. Each maker, surEty and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protest for non~ayment, and further aarees to a~y extensa~ of t~me of pay~.~ent, either before w afte~ matur~ry, withour not~ce to any of us; and to pay all costs of collection, i~ctud:rg a .~~asonable attorney's fee in tha event of any default hereunder, and hereby severally waives all benefit of homestead a~d exemption under 1Fx tonstitution ar:d laws of each State of the United States, as againat this obliga~ion or any exiension w renewal hereof. Witnes~ the hand and seal of each party. Rebert .J. Sg1t11 (SEAI) (SEAt) (SEAI) ~ s 36 ~5 s/ Lois A. S~ith ; c _ • ~ srat~ a~~~~~ csEnu Kt«wp~ san~eiied-a~•originsF ew~?- NOW, TFlEQEFORE, the MORTGAGOR fw ihe purpose of seturing payment of sa~d sum of s ~~3.i3~•~ ~ and the pe?formance o~ the covenants and sgreements FxreEnafrer e:pressed, and for d~vers good and valuable cansiderations, by theu presents, does g~ant, bargain, sell, ~emise, refease, co~vey and confirm unto the MORTGAGfE, irs succe:wrs and assigns, a!1 that ce~tain lot, piece w parcel of land, situate, lying, and being in the County of $t. Lueie and Srste of Flalds, deuribed as follow~: Lot A, Block 1, MARAVILLA WES? St~DIVISION, as per plat thereof on fil¢ 3n Plat Book 11, Page SO, oF the Public Records o# St. Lucie County, Florida, S-~',o,TE ~ L R i ~ ! OOCl1MENTAR`~,~.-,,, STI~MF ' l. > ~ o-- ,-a {j[DT JC F.EYEtiU~ .`r~: ~a'' ~ ~ i __:~.,,.r~;t= `~--'~i= 3 6. 4 5 i ~ ~ : ~ t~cEs ' ee-~~ ~ 0 n~ t~rMa~r oF ! = : ~ ~ • R6COV~ T( ! ~ " pll~// 1'0 q~~ 71.13~t. ~ ly ~ ~ $ Q~ ~ ~[f. S?, t~ ~ . i 's ~ ! rogether with all and singular the tenements, hereditaments and appurtances thereunto belonging w in ~nywiu eppertaining therefo, snd alt rents, iu~es, ~ p~oceeds and profin accruing and to aarue from sa;d premises, a!! of wh;ch are included in the sbove and foregoing destripYwn and habendum. - c TO HAVE AN t~?{OrLD the above desuibed and granted premises vmo the said MORTGAGEE, its successon and ass'~gns forever. And ihe said { ~ MORTGAGOR fo~ heirs, exetutors, administrators and assigns, hereby covenants with the s~id MORTGAGEE, its svtteuo?s snd auiyns, rhat -~bQ~g--- lawfully seized of the said pr~mixs in fee simple; that the same ~re frep, clear and discharged from all liens ~nd encum- ~ b~ances in Iaw or in equity, and that they M,~~~ a~ their ~~~s shall warrant and defend the title to the same to the s~id MORTGAGfE, iti s~cceswrs and assigns, fwever against the lawivt daims and demands of all pe?apu; ~ PROVIDED, AIY~AYS that if the MORTGAGQR shaN pay vnto thc MORiGAGfE tFx p~omiuory note hereinbefore described and shall truly, promptly ~ and tully perform, diuharge, execute, complete, comply with and abide by each and every the stipulations, sgreements, conditions and covenann of said p:om~ssory rate and of this Mortgage, then this Mortgage and the Estate hereby ueated shall cease and be null and void. ~ IT IS UNDERSTOOD thst tF~e word "Mwtgsgor" whether in tlx singular or ptural anywhcre in this Mortgage, shall be singular if one only and 3 ' shall be plural jointly snd xverally if more thsn one, and that the word "their" as used snywhere in this Mortgsge shall 6e faken to mean "hi~;' "hen;' s or "its," whereve~ the context w implies w admits. Also, thst wherever there is a reference in the covenants snd sgreements herein eontained to any of ; the psrties herero, the wme shall be tonshued to mean ss well ss the heirs, legal repreuntativef, successors and aasigns (either voluntary by atl of the~~y~ - : parties o~ involuntary by operation of the law) of the same and that the covenants herein contained thall bind and the benefits and adv~ntages in~re W ro the rcspedire hein, legal representatives, successors and ass~gns of the parries hereto. ~ s And said Mortgagors, lor themselves and their heirs, lega! ~epresentafives, successws and assigns, hereby jointly and severally tovenanf and agree ~ - to and with the wid MORTGAGEE, its successors and auigns: ~ 1_ To pay all a~d singulsr the principal snd interest and the various and sundry sums of money payable by virtue of said prom~ssory note, and this o~.. mortgage, each and every, promptly on the days respectively the same severally becane due. _ ; 2. To pay sli snd singular the faxes, assessments, levies, Uabilities, obligst7ons and eruumbrsncet of every nature and kind now on said described ~ ~ prc>perty, w that hereafter m~y be imposed, suffered, placed, levied, a assessed the.eon, or that F?ere~iter may be levied or assessed upon this Morty- - age, o~ the indebtedness secured hereby, each and every, when due ind payable, xcording to taw, befwe they become delenqveM, ~rtd before any intere~t ~ ~ ar~aches o? my penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD TNE SAME SHAIL BE PROMPTIY SATISFIED AND DISCHARGEO OF ~ RECORD AND THE ORIGIhAL OFFICIAL DOCUMENi (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFftCtAllY ENDORSED ' OR CERiiF1E0) SHAtL BE PIACfD IN THE HANDS OF SAID MORTGAGEE W17HIN TEN DAYS NEXT AFTER PAYMENT; and i~ the event that any the~cof is not pa~d, sat'sfied and diuharqed sa'd MORiGAGEE may at any t~me pay the same w any par~ thereof without waiving or affecting any opYon, fien, equity o? •~qht under or by virtue of this mortgage and the fu(I amount of each and every such payment shall be immediately dve and payable and shall bear interest ~~om the date thereof unti! paid at rate of n~ne per centum per ann~m and together w~t6 such interest shall be secured by the lien of th:t margtage. ~ - - c.~~.~ : , : _ -~'i °~`~~'T'-~'~~~'f'-:~- 3 ssm ~ 3.*,.s-. a~~+ ~.--~~+r.ic ^-~+T'~~'~+ '-~~•-,t,~~'~^`+,°~~ ~ y'.'~" - ~ - ~ . ~ . . ,