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Home My WebLink About0982 TH~S INDENTURE, Mada the ~lst day of ~rCh f~ A.D. 1974 . be~wesn Edward S. Stou and Ruth M. to h hia Mite _ of St L11C~B , County Flwids, here~na(ter dei~gnated as the "MORTGAGOR;' a~d fIRST FEOERAI SAVfNGS AND IOAN ASSOCIATION OF FORT PIERCE, ~ cwporatio~ wy+nited and existing under tM laws of tM United Statts of Murica ~nd ha+inp in {u~ncipal pi~ce of bu~ines~ fe tM City of Fat Pittu, St. lutla Cou~ty. Flo?ida, hereinafter deiiynated s~ tM "MORTGAGEE:' WHEREAS the MORTGAGOR is ju~tly indeb?ed to the MORTGAGEE i~ the aum of S.- ~;~Q-~ . good and lawful money oi ~he Un~ted : Statas advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a ccriain promiuory no~e of even date herewith, of wh~ch the iollowir~ in ; w«ds snd Fiyures i: a trw copy. ~o-wit: 10020721 ~ No s 26,~000.00 March 21 ~y74 ~ Fort Pierc~, Flaida, Fw value received, 1, we or e+ther of us, promise to psy, without defalcation, to the order of fIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Fwt Pierce, Florida, the sum of S wi~h interest from date at the rats o~~% per annum. in mon~hly install- ments as follows: s 214.00 p~ ~?~p 20thday of July , ~q 7a and a like sum on the correapondi~+y day of each month there- after until the whole be fully paid. Each installment first shall be applied in payme~t of the interest and then on ?he unpaid balance of the prindpal sum. If default is made in the paymeot of any instaliment when due, a~ci such default continues 30 days, lhen at the option of the holder, and without any other ~ot~ce, all the rema~n~ng ~nstallments shall be due and payable at once. Privilege is given to prepay this ~ote in whole or in part at any time without penalty. Neithe~ {orebearance, nor acceptance by the hotder thereof after any default in any payments hereo~, shall be deemed extension. A Iate payn+ent cha?ge of i-~cic~ shall be added to each installment remai~ing vnpa+d 7 days after iri due date, and a like sum shall be added to each such installment remaini~g unpaid 7 days after each s~?ccecding payment date. Each makrr, surety and endorser hereof, jointly and severaliy, waives demand, presentment prote~t and notece of protest fw nonpayment, and furiher agrees to any extension of iime of paymeM, either before w after maturity, without not~ce to any of us; and to pay all costs of collection, includ~ng a reasonable attwney i fee in the event of any ~efault hereunder, and hereby severally waives all benefit of homestead and exemption under the ca+stitution and Isws of each State of the United States, as against this obligation or any extension w renewal hereof. Witness the hand and seal of each party. $tOU(~1 ~ S~ Bd~ra rd (SEAI) (SEAL) (SEAI) s Ru~th M. Stoug ~ 39.00 ~ State Reverwe. es+amps e.,seneet ~e. ~ngn~-noter 26 000 .00 NOW, THEREFORE, the MORTGAGOR for the purpox of securing payment of said sum of = ~ ~nd the perfo~manca of ths covensnts and agreements hereinafter expressed, and for divers good and valuabte considerations, by these qexots, does grant, bar~ain, sell, remise, releax, convey ~nd confirm unto the MORTGAGEE, iri successors and auigns, all that certsin lot, piece or pucel of land, situate, lying, end being in the Counry of SL. Lueie end State of fbrida, dewibed ~s follows: ~ Lot 5, B lock 161, LAKEWiO~ PARK UNIT 1V~. 12, as per pla t thereof on file in Plat Book 11, Pages 26A and 26B of the Public Records of St. Lucie County~ Florida, C~ c~ . ; ~,y „ .f.~~,~. i _ s. ` ~ ~ ~ Lf.J- R ; C ~,1 „E~...~.:~~ ~ s i ~ STI~j,~EN R:s~;';' STA_____M? i paE~ t0 gt~1~P~pER lOttN~~ FQ'' ~y ~ ~1. ~ oZ p~i-- U~F~iiEVENV~ '~,r 3 9• O 0 ' O~ ~j • / , - - :.:~z~ ~e ~ ~ _ i ~ - , i~~•~~ /I ~ ~ l{'i(l- .i C~ N V8. ~ r't 1~Ib2 o • . ~ ~ ! ~ e together with all and singulsr the tenements, hereditaments snd appurtances thereunto belonginp or in anywiu apper!aining therefo, and all rents, isiuea. ~ proceeds and profits scuuing and to acvue from said premises, all of wFiKi? are included in the above and foregoing descriptan a~d habendum. i TO HAVE AND TO HOI~ the above desuibed and gronted prem~ses unto the said MORTGAGEE, its successors and asigns forever. And ths aid htiORTGAGOR fw - t~lr heirs, executon, administra~ors and assigns, hereby covenants witl~ fhe said MORTGAGEE, iri taccessors and ~ssipr», rhat --~Q~V aYe lawfully seized of the said premises in fee simple; that the same sre free, desr and diuharged from all liens snd encum- brances in ~aw or in equity, and that~,V will and the ir heirs shall wartant and defend the title to the same to the asid IhORTGAGEE, its sucussors and assgns, forever against the lawful claims and dems~ds of ell persau; PROVIDED, ALWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the promistory note hereinbefore dewibed snd sMll truly, promptly . and fully perform, dixharge, execute, complete, comply with and abide by each and every the stipulsteau, sgreements, conditiaa and tovenanri af said ~ promiuory note snd of this Mwtgsge, then this Mortgage and tFie Es~ate hereby created shall cease and be null and void. s IT IS UNDERSTOOD that the wwd "Mortgagor" whether in the singula~ or plural a~ywhere in this Mortgsge, shall be singulsr if one only and ~ shall be plural joiMly snd seve~ally if mue than one, and that the wwd "their" as used snywhere in this Mwt9sge shall be laken to mean "his;' "hen," ~ or "its;' wherever the co~tea~ w implies or admits. Also, that whereve~ there is a reference in the coveaann sod agreements herein contained to arry of ~ the psrties haeto, the ssme shall be construed to mea~ ~s well as the heirs, legsl represent~tives, wcceuors and assigru (either voluntary by act of fhe parties or involuntary by operat'an of the law) of the same and that the covenants herein conlained shall bind and the benefiri and advsntages irnrre ~ ro the respective heirs, Icgal ~epresentatives, successors and sss~gns of the parties her~to. ~ And said Mortgsgors, for themselves a~d their hein, legsl reprexnlatives, succeason and assigns, hereby jointly and severally covenanf and agree ~ to and with the said MORTGAGEE, its successws and assigns: _ 1. To pay all snd singulsr the p?intipal and interest and the various and sundry sums of mot?ey payable by vi~tue of ssid promissory note, ~nd this ~ mortgage, esch and every, promptly o~ the days respectively the same severally become due. 2. To p+y all and tingulx the taxes, assessments, levies, liabilities, obligstions and encumbtsnces of every nature and kind now o~ ss~d dewibed property, or that hereaher may be impo~ed, suffered, p~aced, kvied, or aasessed thereon, w thal !?ereafter may be levied or usessed ~pon tha Mort~- age, a the indebtedrxss secured hereby, each ~nd every, when due and psysble, according ro law, before they become de~inquent, snd befae any interest ~ attaches or any penalty is inturred; ANO tNSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII BE PROMPTLY SATISFIEU AND OISCHARGED OF RECORD AND THE ORIGINAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANGE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFfIC1AlLY ENDORSED OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and i~ the event that any thereof is not paid, saYsfied and discharged u:d MORTGAGEE may at any t~me pay the same w any part thereo! without wsiving w affecting any optio~, lien, equity a ; ~~qht u~der or by vhtue of this mongage and the iull amount of ea;h and every such psynxnt shall be immediately due and paysble and sF~all bear interqt F : ~.om the date thereof until paid at rate of nine per centum pe? annum and ~~h~~~ ~e~ x~~~~ by the lien of th:s morgtage. a~. ~iY~l -k'K,w : ;w - ° - _ - - r- a.: u ~~z,~y, ~ .r ~.~i N'~s~ :~'r~,~ ~.ai ~ r,. ~ : i. ;:i - , ~ , F' r ` . . ~ r _ _