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Home My WebLink About1967 THIS INDENTURE, Mad~ the 29th day of March A.D. 19?a_, betv+een Ste hen J. Martin and Penn~ R.-Martin his aife _ of St . 1'uC @ County i~orid+, htreinaita detignated as the "MORTGAGOR," and FIRST fEOERAI SAViNGS AND IOAN ~ ASSOCIATION OP FORT PIERCE. • cwpa+tion ory~nized ~nd exis?inp ~nder the lawt of the Un~ted Stat~i of /4nerica ~nd havinp itf princ+pal place of i businsss in tM City of Fort Pierce, St. tuci~ Couoty, Ftaida, hsrtinaher de~~ynated +s tM O Ri~GOEE~ ~ WHEREAS tM MORTCsAGOR is juitiy indebted ~to tha MORTGAGEE in tM sum of i ~ ' pood and lawful money of the United States advanced by the MORTGAGEE u~to the MORTGAGOR, as evidenced by a certai~ p~omiuwy note of even date hqrewith, of wh~ch tha foilowirp in wads and f' ures is a trw copY, to-~&it: ~ 30,00~.00 ~ 10020754 ~ P~Ce. F~~~. MaYCh 29 19 74 Fw value reteived, 1, we w ei~her of us, promise to pay, without defalcat~on, ~o the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION Of ~ FORT PIERCE at Fort Pierte, Flwids. Ihe sum of s 3O w;~h interest from date at the rate of S• 9 % p~+ annun?. moMhly install- ~ menrs u fotlows: S 27O' ~ on the 20th day of ~y . 19 74 and a like sum on the cwrespo~din9 day of each month there- F after ~mil tF~e whole be fully psid. ! Each installment fint shall be applied in payment of ths intereat aod then on ihe unpaid balaoce of the p~inc~pal sum. If defauh is made in 1hs : payment of eny installmenf whe~ due, ar~d such delault continues 30 days, then at the optron of the holder, and without any other notice, all the remaining ~ ~nstallments shall be due and payable st once. Privilege is given to prepay this note in whole w in part at any time without penalty. Neither forebearance, nor acceptante by the hotda thereof a1te~ any defauh in any payments hereon, shall be deemed extension. A late payrt:ent tharge of j13• 50 sha~~ be added to each installment remaining unpaid 7 days after its due date, snd a like aum shall be added to esch such instaltment remaining unpaid 7 days after each succeeding payment date. Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice o( protest fw rwripayment, snd further agrees to any extensan of time of payment, either before or after maturity, without not~ce to any of us; and to pay all costs of coiiect7on, including a reasanable anorney i fee in tl+e event of any defauit hereu~der, and hereby several~y waives al~ benefit of homestead and exemption under the conatitution and laws of each Sta~e of the U~ited States, as against this obligation w any extension w ~enewal hcreof. i Witneu the hand and seal of esch party. ~ . . ~AU ~ s tephen J. Mar t in ~Ai~ tsEwU , s/Penny R. Martin ~S~ ~ $45.00 ~ ~ate Revenue t~p`"""`~ed'°"'°'9'"'?"°'~ 30, 000. 00 NOW, THEREFORE, the MORTGAGOR for the purpox of secvring payment of taid sum of i , and the periormance of the covenants and sgreement~ hereinafter expressed, ~nd for divers good and valusble considerations, by these present~, does grant, baryain, sell, remise, release, convey and confirm unto the MORTGAGEE, its succeswrs and asiyns, all that certain lol, piete w parcel of land, situate, lying, and being in the ~ St . Lucie and State of Florida, described follows: ~ 2he West 300 feet of Lot 60, Sheen's PLAT OF WHi?B CITY, Rt. Pierce, being ~ ~ i ~ in Section 4, ?ownship 36 South, Range 40 Bast, according to the Plat there- of on file in Plat Book 1, Page 23, Public RecoYds of St. Lucie County, Florida, ~ ~ ~a o0 oH I . . . . . . . . . . . . . . . . ~~G Tp ~E ~~pAYy~ T~~ ~ . ~ ~ S?'ATE FLL~RID!-~ ~ ~ ~'~'n onv ro~~ls,~i, ~r, ~ "Z ~ DOCUMENTARY~ _ ;;~STAMP Tt.x t ~7~~' Si, ~ x-' DEP.T. U~ kEYElYUE. ~i~~,~, ~ OL~~ ~ ~ _45.Q0~ . _ ~r`~ ~ = P~. ' ~ ~ . p r:r~, z ~ ~ { ~ ~ together with all and singular the tenement~, hereditaments and appurtances thereunto belaging w in snywise +ppertainin9 ~he*ero, and all renb, iuues, ~ p~oceeds and profiri xuuing and to accrue from ssid premises, all of which are irxl~ded in the +bove and fore9olny descriptan ~~d habendum. TO HAVE AN TO HOLD the above described and granted premises unto the said MORTGAGEE, its successws +nd +ssi9ns fweve?. And 1M s+id MORTGAC1QR for ~helr heirs, executors, administrators and assigns, hereby covensnts with the said MORTGAGEE, it~ suaeswn ~nd assi~ns. iney are rhat IswfuUy seized of tF~e said prerriwes in fee simple; that the same are free, ck~r and discharged from all I"~en~ +nd encum- brances in law or in equity, and that they W~~~ their heirt shsll wsrrant and defend the ti?k to the same to the said ~ MORTGAGEE, its svccessors ~nd auigns, fwever against the lawful claims and demands of all penons; PROVIDED, ALWAYS that if the MORTGAGOR shall p~y unto the MORTGAGEE the promissory ~ote hereinbefore dewibed snd sh+U truly, promptly and fully perform, dixharge, execute, compkte, comply with and abide by eatF? and every the stipulations, ayreememi, conditio~s s~d tovenants of said ~ promissory rate snd of this Mortgage, t}xn this Mortgage and the Estate hereby created sh~ll cease u~d be null ~nd void- " IT IS UNDERSTOOD that the word "Mortgsgw" whether in the singular or pl~ral aoywhere in this AAwtgage, shall be singul~r if one only aaJ ; ~ shall be plural jointly snd severally if more thso one, and that the word '9F~eir" as used anywhere in this Mwtgage shall be tsken to mesn "his;' "Fxn;' ~ or "its;' wherever the context so implies w admits. Alw, thst wherever there is • referer?oe in the toven~nri ~nd sgreernenb herein ta?tsined to +ny of rhe panies hereto, the ssme shall be construed to mean ss well as the heirs, legal npresent~tives, svccesson aod aui9m (either voluntary by sd of ih~y+? parties or involuMary by operatan of the Isw) of the same and that the covenants i?erein contained shall bind and the benefits snd adwntsges inur Z ~ ro the respective heirs, legal tepresentatives, successon and ass'gns of the parties hereto. } ~ qnd said Mortgagors, fw themselves and their F~eirs, tegsl reprexntatives, successws and ssign~, hereby joiMly and severally covenant and ayree i ~ ro and with the said MORTGAGEE, its svccessors and ~ssigns: ~ 3 ~ 1. To p+y all and siryular the p~incipal ~nd interest and the wrious and sundry sums of money payable by virtue of said promissory rate, and this ; ~ morigaye, each and every, promptly on the dsys respectively the same severally become due. i ` 2. To psy sll and singulu the tsxes, asxuments, levies, IisbiliY~es, obligations and encumbrances of every n+ture and kind now on said described ; property, a that henafter may be imposed, suffered, placed, levied, w sssessed tlxreon, w tF~at heresfter may be levied w asaesud upon this Mort~- ; aga, or the indebtedness secured t~ereby, esch and every, when d~re and payable, according ro law, before they become delinqvent, and befwe any interqt ~ 3 ~ atraches o~ any penalty is incurred; AND INSOfAR AS ANY THEREOF IS OF RECORD THE SAME SHALL BE PROMPiIY SATISFIE~ AND DISCHAR6ED OF ; RECORD AND THE ORIGINAL OfFIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSED ~ a OR CERTIFIED) SHAII BE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN ~AYS NEXT AfTER PAYMENT; ar+d in tFro event that any thereof is not ~ t paid, sat'sfied snd difcharged sa:d MORTGAGEE may st any time pay the same or any psrt thereof without waiving or sffecting any optia?, lien, equity os T •~qht under a by virtue of this mortgage and the full ama~nt of each ~nd every such payment shall be immediately due and payable snd ihall bear interqt ~rom the date thereof until paid at rate of nine per centum per a~num and together with such interest ihall be secured by the lie~ of th:s morgtaye. _ ~ - - _ - - - - ~ - } ~w ~..w ~ ~ ,.'~i - - ; • _ _ ; F z_ d~ _ .w . ~