HomeMy WebLinkAbout1954 280~81 ~
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22nd Apri1 A.D.19 ~'~b~tWea+
THIS INDENTURE. A1ad~ ths d+y of
Carl R. Mors SY• arid Vi nia S. !br ~ hi ~?i
of St• L'uC~Q ~nty Flp~;d+, hereinaflM iyna~td u ttu~ ' ~r+d F~RST FEDERAI SAVINGS ANp LOAN
ASSOCIATION OF PORT PIERCE. • corporation or~nised +~d ~xistinp w~der the laws of tM Unit Ns, of M+~~iu and havirg iri prinupal p:+c~ of
bu~inesi io tM City of Forl PiKU. St. l~ci~ CovnM Fbrid~, har~'^+fiK d~sg^+~ed ~"~RTGAGEE."
22 ;~i~ and lawful moneY of the Unrted
WHEREAS tM MORTGAGOR is justlY ind~btd w th~ MORTGAGEE in 1M swn of = ~ 9°Od
States adw~+ced by the MORTGAGEE u~ro the 1NORTGAGOR. as evidenced by • certain prom+ssory ~wM of even date herewith, of wh:ch the followiny in
wordi snd f' ures is a trw copy, to-wit: 10~20816
22 , 40~.00 ~'~O
s fwt Piern. Fbrida. ~2i1 22 jq 7'~
Fa value received, 1, we o~ eithe~ of us, p~om~se ro pay, withoul defalcat~on, to the o~der of FIRST FEOERAI SAVINSt'a~5 AND IOAN ASSOC~ATION OF
22 s4~ ~ w;th inrerest from date at the rate of 9' 2~96 p~? +n~um, in monthly install-
fORT PIERCE at Fat Pie~ce, Florids, the sum of : •
ments as follows: ~ Z~' ~ ~ t~ 2~~y of `l~@ 19 74 +~d a(+ke w'^ a^ th° co~r°sP°^d'^g d+y of each month therr
after until the whole be fvlly paid.
Each installment first shall be appl~ed in p+yrt+cnt of the interest and then o~ the unpa~d balance of the princ~ps) wm. If defauh is msde in the
payment of any imtallment when due. and wch defauh continues 30 days, then at the option of the holder. and wiihout any otF~ ratice, all the remaining
~nstallments shall be due and payable st once_ Privilege is 9iven to p+ep+Y this note in whole or in pu1 at ~ny t~me without p~nalb• i~ 3O bear'nce.
nor atceptance by the holder thereof after any default in u~Y paY^~e^b here°^• shall be deemed eate~sion. A I~te payn+a~t tha~9e of S
added to each iostaltment remaini~g unpaid 7 days aflu ~1s dw d+te, and a ii?e wm sha~l be added ro eac1+ such inataltment rem+ining unpaid 7 days aiter
each succeedirg paYment date.
Each maker, surety and endorser hereof, joi~tly and sevcrally, waives demand, pese++h*+ent pro~est aod notice of protest for nonpaYment, snd funhet
agrees to any extension of time of payme~t, eitlxr before or aher matur~ty, wi~hout notKe to any of us; and to pay atl costs of collection. indudin9 s
reasonabk atrwney's fee in ~he event of any defautt hereunde+. and hereby severally waives sll benefit of homes~ead and exemption under the constitutan
a~d laws of exh State of the United States, ss ~gairot this obligatan a a~y eatens~on or renew+~ h~reof.
Witness tF+e hand and xal of each partY.
~A~i
. s/Carl R. Morse Sr. cs~?U
- ts~?t)
s/Virginia S. [rbrse ~
$33 ~ 60 ~ State Revcnue
(
(S~ew+p~-~ae~ell~ enr'eri9 iws? wst~
NOW, THEREFORE, the MORTGAGOR for the purpose of secvring payment of said sum of s 22•'a~•~ and the performance of the
coverianb ~nd agreements herei~after eapreued, and fw divers yood a~+d ralwbte considqraYw~s. bY these Prese^n, does grant, bar9sin, se11. remise,
e+ rcel of tand, titwte, lying. and being in the
release, convey and cwif~rm unto the MORTGAGEE, its wccessws and auy~s, aU that certain Iw, pieoe o~ P+
Covnty of $t• j.11C16 and State of Fbrida, desuibed u follow~
The West '70 feet of the 6ast 140 feet of the West 550 feet of Lot 10, MARAVILLA
GARDHNS SUBDIVISION,UNI? 1, according to the plat thereof on file in Plat Book
6, Page 55, Public Records of St. Lucie County, Florida,
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~ , or in anywise sppeASining tF~aeb, snd ~II renn, issues,
~ together with all and singular the tenements. hered'~ta^~e"ts and appwta~ces therevnto be~on9'~9 ~fi tion and hsbendum.
pr«eeds s~d profin xvuing and to scoue from uid P~a^~s~s, atl of whid+ ue included in fhe sbove ~~+d foregoi^9 P
~ TO HAVE AND TO HOID the rbove desuibed and 9ranted prem~ses unto N+e said MORTGAGEE, its successon ~+~d ~~s'9^s forever. And tht s+id
z~~ their
~ MORTG~~O R fw i+eirs, executors, adnunish~tws a+x! assigns, hc~eby coven~nh with the said MORTGAGEE, its s~xcessors usg^s.
th@j/ are from all liens and enn+rr~
~ that Iawfully x~zcd of the said We+~~ses in fee simple: that the s+rne ~n free, ck+r ~^d diu!'+'ycd
brances in Isw or i~ eqvity, snd that tbey will snd th@ 3~ hein shall wsrnnt and defend the titk to the same to the said
MORTGACaEE, its s~ccessws ~nd auigro, forever ag+~nst the lawf~l daie~s and demands of all persan;
PROVIDED. AlWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the promissory note he~einbefore described and sh+ll truly, promPt~Y
artd fully perform, discharge. execute, compkte, comP~Y w a~ ~~~ebhereby ve+t shalle jceasstand be rwll u~dn~void. c~~nn of said
_ promiuwy note and of this Mwtgage, then this Mortg+ge.
IT IS UNDERSTOOD that the word "N1ort9 ~i ~ whethc' ~ the singular or plwsl ~nywhere in this Nlortgiye, sF?+II be sirgulu if one only ~nd
shall be plunl joimly and severslly if more tFWn one, snd thaf the word "their" ss used anywhe?e in this Nbrt9+ye sh+ll be taken to mex+ "hia:• ••hen:'~MO
or "its:' wherever tl+e tonte:t w implies or admin. Also, that wherever thcre is s referenoe in the coven+MS snd a9reertK^ts he~ein tont~incd to any oi~
_ the pari~es hereto, the ssme shsll be constrved to me+^ +s well ss the heirs, kgsl representatives, succ~ssors snd su~9^s (either voluntary by xi of the s
parties q involuntsry by ope~atiw? of the Isw) of rhe sarne and that the covensnts herein contained sf+sll bind ~nd the benefi» and sdwntages invr~
3a~ to the respective heirs, kgsl representatives. successors +nd ass`g^s of fhe puiies hereto.
~ri tl and sevaall covenant and ayrae
/1nd ssid Nbrtgegon, fu themselves snd their hein, kgal represeMatives, successws and +sti9ns, herebY joi^ Y Y
= ro and with the sald MORTGAGEE, in svcccsson ~nd sssigro:
1. To psy all and sirg~lar tFK p?incipal and interest snd the various snd wrdry surns of rtwrKY P~Ya~ by virtue of said prom~ssorY note, and this ~
~ mort9s9e• each ~nd every. Wu^''Pfly on the days respectively the same severally becan~ dve.
s9e
~4' 2. To pay all and si~guls? the t~:es, assessrnen», kvies, tisbiG+~cs, oblgaYaro snd errcvrt~brsnces of everY ^+h+re snd kind now on s+id described
W~~Y, a tMt heresher may be imposed, wffered. Plaud, lev~ed, a sssessed thereon, or tMt heresfte~ may be levied w assessed vpon this Mor19-
sge, w the indebtedness searred hereby esch and everY, when dve and paysble, accordin~ ro law, before they become delirquent, and before amr imerest
attaches or any pena~tY is ~na+rred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALL 6E PROMVTIY SAi15fIE~ AYD ~ISCM~?RGED OF
RECORO AND THE ORIGINAI OfFlC1At DOCUMENT (SUCH AS, FOR INStANCF, THE TAX RKEIVI OR THE SATISFACTION PAPER OffICIAIIY ENDORSED
OR CERTIFIED) SHAIL BE PIACED IN THE HANDS OF SA~D N10RTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event t!?at sny thereol is nw
paid, sat:sfied and d~uhsrged sa'd MORTGAGEE may ct sny time pay the same w am P+.r ~he?eaf wlthout waiving w sffMing any option. ie~. Mu~ty a
=r°~`;' •pht ~nder or by virtue of this mortgage and the full amount of each snd every such payment shall be immediately dve and payabk ard shall bear interost
~.om the da~e thereof until paid at rate of nine per centum per snnum and together w~th wch interest shall be secured by the tien of th:s morgta9e.
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