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HomeMy WebLinkAbout2468 . . . . ?NIS INDENiURE. IN~d~ tFu 1 s t d~y pf ~Y i 1 A.D. 19 74 be~weeo JosQph O. [.aBonte, a sinale adult ' of St• LuCi~ ~p~~ty F{orida, h~tei~aitN dtsg~ated ~s tM "MORTGAGOR," ~nd FIR51 FEDfRAL SAVINGS AND IOAN ASSOCIAiION Of FORT PIERCE, • corpaation ory~ni~d +nd ~xlitinp under tM laws of tM United St~t~s oi Americ~ and hevirp iri principal place of buwau in tM City of Fort Pwru, S~. luw Cow?ty, ftorida. INffI1MNN deaiyruad as t?w "MORTGAGEE." WHEREAS th~ MORTGAGOR is jwtly indsbt~d to tM MORTGAGEE i~ the sum of s 20~~~'~ 9~d +nd ~+W~vl mo~ey of the United S~at~s advanced by ths MORiGAGEE unto ~he MORTGAGOR. as evidenced by e certain promiuory note of even dat~ he~awith, of which the iolbwinp fn r+wds ~nd fpurei i~ a trw copy, to-wit: 10020759 20,000.00 ~'~O ~ Fo.~ v~~.. Fb.~d.. APr i 1 1 19 ~4 Fa value rcteived, I, we w eithe~ of ua, promise to p+y, without defalcation, to ~he order of FIRST FE~ERAL SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE at fort Pierce, Fbrida ~hs sum of s 2O with interest from date at the rate of8 • 75 % per annum, i~ monthly install- menn as fotlows: ~ 165•~ on ths ZOth d+y ef Julv , 19 74 +nd ~ liks ium on tF+e cwrespond~rg daY of each month therr • a(ter until the whol~ be fully p~id. Exh installment first sFall be app~ied in payment of th~ interesl and then on 1he unpaid balance of the p~inc~pal wm. If default is msde in the payment of any insullmeN when due, and wth defauh co~tinues 30 days, then st the optwn of the ho~de?, and without any other notice, ail the remaining ~nsullment~ shall be due and p+yabk ~t once. Privilege is yiven to prepay this note in whole w in p+rf at any time without penalty. Neither forebeara~ce, nor scuptsnce bjr the holder thereof after any defavlt in anY paYments hereon, shall be deemed e:tension. A late paYmeM charpe of Z 8'25 shall be added lo ~ach installment remaining unpaid 7 days after iri due date, snd a like sum shall be addzd to each such instaflment remaininp unp+id 7 days after each s~rtteeding paYment date. E~ch maker, surety and endocser hereof, jointly and severally, waives demand, presentment protest and notice of protest for nonpayn+enl, and turther agrees ro s~y extenian of time of payment, ei~her be(ore or after mawrity, without notice to any of us; and to pay ell costs of callection, includ'+ng a reasonabk attwney i fee in the event o( a~y default hereunder, and Fxreby seve~ally waives all benetit of homestead and exemption unde~ the constitution and Iaws of each State of the United 5tates, as against this obligation or any exte~sion w renewal hcreof. Witness the Mnd and sea! of cxh party. (SEAI) a~ Joseph O. LaBonte, ~a single ~~~jilt rs~?u . ~ ~ ~ • ~ 1 State Revenue cs~ar~ps.wr.~L~.vo.:p~aal~r+ot~i. 20 000.00 NOW, THEREFORE, the MORTGAGOR fw tha p~rpose of securing payment of said sum of s ~ +nd the performence of ths covenanls and ~greements hereinafter expreued, and fw divers good and valuable considerations, by tfiese presems, does grant, baryain, :ell, rem~u, release, tonvey ~~+d confi~m unto the ORTGAGEE, its successon sod suigns, afl that certain lol, piece w parcel of land, tituate, (yirg, and being in the C~~ ~ $t. L11C~B Stste of Flwid+, described as follows: Lot 3, Block 109, LAKBWOOD PARK UNIT 9, according to the plat thereof on file in Plat Book 11, Pages 27, 27A thru D, Public Records of St. Lucie County, Rlorida, - STATE ~F F~.-QRItDA i ~Z ° OOCUMENTARY ~ STAMP Tt~>.I °c~ ° DEPT.Of R-EVENiIf ' , 'I `s' _ = A1'~t -5'l~ s ' { ~ ' 30.001 -t N ? 6. ` ' ~ ~ i i ~ Q 2 ~ - f f : ~ ~ D• ~ IxpE~t9~ ~ ~ ~ pUE ON CLASS 'C INUW618LE PURSUANT TO GHAPiER 71-134. ACTS ~ 19IZr ~ ~ FOuE4 PQITRAS CLERK CIR~IIj O~tIR{. S~. UICIE CU:. NA~ rogether with all snd sirgulsr the tenements, hereditsments and sppurtanccs there~nto belonging or in ~nywise appertainirg thereto, and all ren», iuues. p.oceeds and p~ofin acuuing snd ro xcrue from said premises, stl of which ~re included in the sbove ~nd faeyarg description +nd h+bendum• TO FIAVE AND his lD the ~bore desu~bed +"d 9ranted premises unto the said MORTGAGEE, its successon +nd usigns forever. Md tM s+id MORTGAGOR for hein, executon, adminqtratws and assigns, hereby covens~n w7~h fhe ssid MORTGAGEE, iri successas end ~ssipm, rhat he iR tawfully se~zed of the said premises io fee simplq thst the s+me are free, cksr and diuharged from all lieru and ena?m~ brances in Isw or in equity, ~nd thst he will and hiS hein shall w~r~ant and defer~d the titk to the same to the ssld MORTGAGEE, its successe?s snd auigns, fwever sgsinst the lawful claims and demsnds of sll persan; PROVIDED, ALWAYS thst if the MORTGAGOR sMll p+y unto the MORTGAGEE the promissorY note hereinbefw~ desuibed and thslf truly, promptly :w and fvlly perform, dischsrge, execute, complete, comply with snd sb'~de by each and everyr the stipulstions, syreements, co~ditions snd covenants o4 said promisiory note and of this Mor~gage, then this Mwtgage snd the Estate hereby veated shall cease and be nvll and vo' - ~ IT IS UNOERSTOOD that the word "Mortgagor" whether in the singular or plural anywhere in this Mortga9e, shall be sirgulsr if one only and ~ shall be plural joinNy a~d sevenlly if more thsn one, and tMt the word "f heir" ss used ~nywF~ere in this Nbrtyspe shsll be t~ke~ to mean "his: •••hen: or "in," wherever the conte:t w implies w+dmits. Alw, that whereve~ there is a reference in the covenants and ayreemenn herein contain~d to ~ny of ~~fi fhe parties hereto, the same shsll be co~strued to mesn as well as the hein. Ieg+l r~prescntstives, successon +nd ssiigra (either volunury by act of the partiey or inwiuntary by opc~ation of fhe law) of tFx same a~d thaf fhe covenants herein contsined shall bind and fhe benefifs u~d sdvantages inur~ ro the respective he'us, kyst represcmatives, successon and au~gru of the p+rties hereto. /?nd said Mortgsgors, for themselves ~nd their heir~, legal represeMatives, sucussors +nd sui9ns, hereby jointly and severally covenant a~d ayree ~ ro and with the ssid MORTGAGEE, in succeswn snd +uigns: ~ 1. To p+y al) and sin~ular tFx principal and interest and the various and sundry sums of ma~ey psyable by virtw of said promissory ~+ote, and this mortgs9e, ~ach and every. promptly on the days respectively tix same severally become due. ~ 2 To pay all and s~ngulu tfie ta:es, assessn+enn, lev'~es, liabilities, obligatiaa ~nd encvmbr+r+ces of every nature aod kind now on seid desuibed ~ property p tl~at hereafier may be imposed, s~ffered. Pl~ced, kvied, o~ sssessed thereon, w thst here~fta may b~ levied or assessed upon this Mort~- ~r.~ age, a the indebtedness secured hereby, exh and every, when due and psyable. accwd'ug to Isw, before they betome delinqvent, a+~d before ~ny i+~tereit ~ attsches or a~ryr penaMlr is incurred; AND INSOfAR AS ANY THEREOF IS OF RKOR~ THE SAME SNALL 8E PROMPTLY SATISfIEO AND DISCHARGED OF RECORD AND THE ORIGIhAI OffIC1Al DOCUMENI (SUCH AS, FOR INSTANCE, 1HE TAX RECEIPi OR THE SATISFACTION PAPER OFfICIAILY ENDORSED OR CERTIFIEO) SHAII BE PIACED IN THE HANDS OF SAID AAORTGAGEf WITHIN TEN ~AYS NEXT AfTER PAYMENT; ~nd in the event thal +nY thereof is not pa~d, sat'sfied and diuhuged sa:d MORTGAGEE may at sny time pay the same a+ny pan thereof without waiving w+ffectiny +~Y uPtio^• Nen, eqvity u .~pht under w bY vi?tue of this mortgage and the fvll amoun~ of each and every iuch psymenf shall be immedi+tely d~e and paysbk and shall bea~ interes~ ~.om rhe date thereof unlil paid ~t rate of nine per ce~tum per ~nnum ~nd to9ether w~th such intereft shall be secured by the liee~ of th's moiytaye. ~ ~ti''"~ ,e~.a...^~,~&o '"gc,v.v'"'~` ~ . _ _ _ - yt t~~ A~:~ ~y t i - 3"~"`~ c . . _ ...a. . .