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HomeMy WebLinkAbout1783 ~ ~ 0 ?HIS I~tD~N~. Madi tlr N t'h day of ~~h A.D. 19 7~ between o H. Barraw and V. Lvnn Barrox, his wife, $ _ , of Ct. Lucie (~y~~y Flwida, hertir?~ftK dss~q~ated as tM "MORTGAGOR;' ~nd FIRS~ FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE, a cwpa+tion a~anl:ed +nd existing u~der 1M laws of tl» United Stat~i of Ameriu snd Mvlnp its princip+l P~+ce of bu~inas in t!» City of Fwt Pi~rc~. St. Lucie Counry, florida, heteinaft~t d~iipnated as tM "MORTGAGEE." WHEREAS tM MORTGAGOR is jwtly i~debt~d to the MORTGAGEE in the tum of i ~ a•~0•~ a^d lawful money of the Un~ted States adranccd by the MOR~GAGEE un~o ~hs MORTGAGOR, as evide~ced by a cata~n promissory no1~ of even dats her~with, of which tM foilowiny in wOrd! and fiyurei if • f~W COpy, tO~wif: ~ 10020753 = 18,000.00 fort Pierc~. Fbrida, Ma~h 19~ ~ fw value received, I, we w either of us, pranise to pay, without defalca~ion, ~0 1he order of FIRST FEDERAL SAVINGS AND IOAN ASSOC~ATIOSI OF FORT PIERCE af Fort Pierce, Flwida, the sum of s la,~~.~ with inte~ese from date af the rate of ~L96 per annum, in monlhly inslall- ~„ents at follows: S 162.~~ ~?~e 2~'h day °f ~-v----, 19~ +nd a lik~ sum on the cwrospond~np day of each month there- after until the whole be fully paid. Each ins~al~ment first shall ba app~~ed P+Yment ot ths interest dnd the~ on the unpaid balance of the p~i~dpal ivm. If defauH is made i~ fhe paymcnt of ~ny installment when due, and such default continues 30 days, then at the opYan of the holder, and without any other notice, all the remsining ~nstallmenta shall be due and payable at o~ce. Privilege is givcn 1o p~epay this nota in whole or in part a1 snY Yu~e ~^n~h~u~ PB^a~tY• Neither (aebeararxe, nor ~cceFtance by the holder thereof after any default in anY paYmeros hereon, ahsll be deemed extensioe~. A late paymeM charge of S 8• 10 sh+ll be added to each installment remaining unpaid 7 days after iri due ~ate, and a like sum shail be added to each such installment ~emainii?g u~pa~d 7 days after each succeeding paYment date. Each maker, surety and endorur hereof, jointly and severally, wa~ves demand, presentment protest and not7ce of protest fa nonpaYment, a~d furthe~ agrees to any extcnsiw~ of time of payme~t, either before w after matur~ty, wi~hout not~ce to any of us; and to pay all costs of collection, inctud~ng s reasonable attorney's fee in the event oi any defauit hereunder, and hereby severally waives all benefit of homestead and exemption under the constitutio~ and lawi of each State of the United States, aa agalnst this obligation o~ any extension or renewal hereof. Wit~ess the hand and seal of eacb Farty. S~ JO~1D H. Barrow cs~AU (SEAt) S V. Jjynn Barro~a cs~?~~ cs~w ~ ~2~t.0~ ) State Reven~e (9ren+p+~elkd atr ~rlglrnt ro~dl 18 ~O ~ NOW, THEREFOiFE, the MORTGAGOR for the purpose of securing payment of ssid sum of S • • and the pe?formance of the covensnts and agreements hereirwiter expressed, and for divers good and valusble consideratio~s, by these presents, doea granl, bargai~, ull, remise, ~e!ease, ca?vey and confirm unto the MORTGAGEE, its succeuors and auigns, all that cerfsi~ bt, piece w pute~ of land, sitvate, lying, and being in ths County of St'. U~Cie and State of Fiwida, described as follows: That part of Lot 213 of ~WHTTE CITY SUBDIVISION, as per plat thereof on file in Plat Book 1, a~ Page 23, of the Public Records of St. Lucie County, Florida, more particularly described as follosas : ~ ~'rom the Northeast corner of Lot 213, Plat of WHITE CTTY SUBDIVISION, as recorded in Plat Book 1, Page 23~ of the St. Lucie County, Florida, Public Records, run ~'esterly along the North line of said I,ot 213, 1l~0 feet to the Northeast corner and the Point of Beginning of t}?e lands herein described: FYom said Point of Beginning continue 'rlesterly along the aforesaid I~orth line of Lot 213, 14~ feet; thence Southerl,y, parallel to the East l~ine of a£oresaid Lot ! 213, 106.2 feet to the North line of a street; thence Easterly, alang the North i line of said street and parallel to the aforesaid North line of Lot 213, ~TE E CITY ~UBDIVISION, 100 feet; thence NortherZy, parallel to the East line of said ~ Lot 213~ 106.2 feet to the Point of Beginning, E%CEPTING TH~REFROM the South 10 feet thereof~ ? ~ IN PAYMQti ~ E~ S TAT E~~ F L O R;~ A~ ~NTANCIBLE PfRSUW?~ ~ u, ~ ~ D~JLUMEhTARY Sl A M F',_: l. i. ~ ~+T j~ ~F,pp.F~ 7t-134. AC1S OF 19/t~ °c-' •r~ DEr^7. Uf r~.-EYENUE f. ~ ~ kU:i~' PGIIRAS K~ ~ - _.:;-;t-~-7d,'~: f~'~ 2 4. ~ 0 ~ ~ ~ U11 ~~ti, ~i. taN:t~ CD•. FlA ~ _ ~ . IRC ~ ~ N = .P~ i'~_ ~ { rogether with all and singul~r the tenements, he?ed~taments and appv~ances thereunto belurgirg w in anywise ~ppert+i^'^9 ther~t°• ~^d rents, issues, proceeds and profits acuuing +nd to acvue from ssid premises, all of which are included in the sbove and forega~ desc?iption and h~bendum. TO HAVE ANO tQ ~ the sbove dewibed ar?d grsnted prem~ses unto the s~id MORTGAGEE, iri successors ~nd +ss~9^~ foreve~. A"d tM said MORTGAGOR for he -~~?s, executors, administrators and assigns, hereby covenants with the s~id MORTGAGEE, its wccessus ~~d +uiyro, +hat t'~y are Iawfu~~Y se;zed of the said premises in fee ~impte; that tF?e sams are free, clear and dischar~ed from ~II I'~?s snd encvm~ brances in I~w or in equity, and that t~y will snd the ir hein shsll warnnt ~nd defend the title to the same to th~ said MORTGAGEE, its successo?s and au~g~s, forever against the Iawful claims a~d demands of all perwns: PROVIDED, ALWAYS that if the MORTGAGOR shslt p~y umo the MORTGAGEE the promiuory rate hereinbefue dlWibld M~ I~NII ~/Y~Y• P~«"Pf~Y and fuUy periorm, dixMrge, execute, compkte, comply with snd abide by esch and every the stip~lations. ~greertKnb, conditioru snd tovenanri of said promissory rate and of this Mortgage, then this Mortgage and the Estare hereby veated shalt cease and be null a~d void• s; IT IS UNDERSTOOD that the wad "Mortgagor" wbether in the s~ngular or plura) anywhere in this Mwtg+ge. sh+~~ be +i^9ular if one only a ~ shall be plural joimly ~nd severally if more tF»n one, and that the wad "their" as ined anywhere in this Mortg~ge sMll be t~ken ro mean "his:• ••hen•• p` or "iri;' wherever the context w implies or admits. Also, that wherever thcre is s reference in tFw tove~+nts and +g?eemenb herein conlained to any of ~ the pa?tiq hereto, the same shsll be construed to me+n ~i well ss tFx hein, kg+l represent~tives, successors and assi9ns (either voluntsry by ad of tht ~ parties w involumary by operatan of the law) of the s~me and that the cove~anss herein contained shall bi~d and the benefib and sdwntayes inws ~ ~ to the respective hein, legal representatives, successors and su•gns of the parties hereto. ~ qnd said Mo~tgagors, for tFromselves and fheir heirs, legal representatives, successors snd auigns, hereby jointly and severalty covenaM and ayree 4 ro a~d with the said MORTGAGEE, its s~ccessors and suigns: 1. To psy all and singulsr the pri~cipal and interest and the vario~s and sundry wms of money p+yable br virtw of said promissory ~ote, and thi~ ~ mortgsge, each and every, promptly o~ the days rapectively the t+me xverally become due. Q. To psy all ard singular tl?e ta:es, s~sessments, levies, lisbili+ies, obliyatam and encumbances of every nature and kind now on s~id desuibed property, or thst hereafter may be imposed, suffered. Placed, levied, w suessed thercw~, w thst here+fter may be levied w ~sseased uPa? th+s AAort~- pep ~ age, o? the indebtedr?ess tecured hereby, e~ch and every, when due aad psyable. ~tcordinp to law, befwe they become delinquent, and befue sny interest ~ ~ attaches or an nsl n incurred; AND INSOFAR AS ANY THEREOF IS Of RKORO THE SAME SHAIL BE PROMPTLY SATISf1ED AND OISCNARGED OF YP~ h~ RECORD AND THE ORIGItJAC OFfICIAI DOCUMEN7 (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR iHE SATlSfACTION PAPER OfFICIAIIY ENDORSED ~ OR CERTIFIED) SHAII BE PLACED IN THE FUNDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any ihereof is nW paid, sat'sfied and discharged sa:d MORTGAGEE may at any time pay the s+me w~~Y P+~ thereof without waiving a sffectir+g ~^Y oP~b^• ~9uity or ~.om hredae thereofuu ~I pa'd ~t a~of nirut per centum pe rannum a~d togefhe~w~Ph such~in eresb shalml beusecured by thePlienbof th i morg ~e intsrest _ ' ~ r ~Y,;. ~ ~lY,' ~"~~ri'+~E ~ Y .j^ - 1R~ i+- Y` ~~'~~~'y~~ .~:~~~.d•'r,~ 6 ~ ~Y~l'~' ~ ~ df$ ~ '~r-'~LrtZ~, ~I h~ ~yy l s .~,3;,,,,~`- ~„-'3 v.._ . 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