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THIS INOENTURE, Msd~ the 23rd day of April A.D. 19 74 betw~en
• WAYNB CONSTRUCTION CO., a Rlor da Corposat on
of St . WC1@ _ Cpmfy Florid~, heninaftK de~~]~ated s~ Ihe "MORTGAGOR;' +nd FIRST FEDERAI SAVINGS ANO LOAN
ASSOCtAT10N OF FORT PIERCE. • cwporation organized and exi~tinp u~de~ !hs laws oi ~hs United St~t~s of Ame~ica and Mvirp in principal plx~ of
busineu in tM City of Fwt Pieres, St. lucie County, Flaid~, herein~fter de~iynat~d ai the "33 TZOOE'00
WHEREAS tM MORTGAGOR is jtntly indeb~ed to the MORTGAGEE in the s~m of S-- ~ 9ood ~nd ~awful money of the Un~ted
States advanced by the MORTGAGEE unto the MOR~GAGOR, as evidentad by a certain promiuory note ol evcn date herewith, Of which the following In
worda and figures ~s a~rve copy, ~o-w~~: ~ 10020826
s 33.200.00
fort Pierce, Florida, APrii 23~ 1974
Fo? value received, 1, we w either of us, p~om~se to pay, without defatcat~on, to the order of fIRST FEDERAL SAVINGSS AND LOAN ASSOCIATION OF
FORT PIERCE a~ fort Ple~ce, Ronda, the wm of S 33~ 200 • 00 w;~h iror+est fram date at the rate of 8•~~6 per annum, in monthly insNl{-
_-.~s as fol!ows: S 274 - a~ ~he ZOth day of Augu~t ~ 9-74- and a fike sum on the cwresponding day of each month therr
,~i~ar until the whole be luily paid.
Each installment f~rst shall be app~~ed in payment of the intere:t srtd then on the unpa:d balance of ihe p~~r+c~pa~ sum. If defauh is made in the
Fafinent of any ins~atlR~ent when due, and suct~ defau:t coniinues 30 days, ihen a~ the opt~on of the hoider, and without any other ~otice, all the remaining
~nstaltrrKnts shall be due ard payab:e at once. Privilege is given to prepay this rate in whole ot in parf at any time without penaltY• Ne~the? forebeuant~,
13.70
r.or acceptante by the holde~ thereof after any default i~ any payments hcreon, shall be deemed extension. A late paymeM charge o} ~ ~
~ddad to each instaflmeN remaining unpa~d 7 days after its due date, sod a I~Ae sum shaH be addrd to ea[h such insiallmenf remaining unpaid 7 days afttr
each succeeding payment date.
Each maker, surety and endorser hereof, jointly and severally, wa~ves dema~d, presentmenl protest and nolite of protest fw nonpayme~t, and further
a~rees to any e:rension of time of payment, erther bafore or after maeurity, wifhout notice to any of us; and to psy alf tosts of collection, intluding a
<<asonable auorney's fee in the even~ of any default herrunder, and hereby severally waives all be~efit oi homestead and exemplion under the tonsiitulion
,d ~avYS of exh State of the Unded States, as against this obGgat~oo ot any rxtension or renewal hereof.
W~tneaa the hand and seal of each party. WAYWE O~NSTRUG7ION CO.
cs~?u
BY: s/ Wayne U. Sines, Pres dent ~
Corporate Seal Affixed • ~
. (S~l?U
~S~ 9 . 80 N,~~ ' .
~ 33 , 200 . 00
•nd tt+e ormance of ths
NOW, THEREFORE, the MORTGAGOR for the purpose of securing paymem of sa~d sum of S P~
covenants and agreements herei~a(ter expressed, and for divers good and valuable co~siderafions, by fhefe presenri, doef granf, bary~in, sell, remise,
•_!_~s_, ccnvey and tonfi.m un~o rhe MOR7GAGEE, its successors and su~g~s, atl tF.at certain lot, piece w parcel of land, sitwte, lyirg, and beiny in 1M i
County of St •~Ci@ and State of Fiaids, dcuribed as foUowt:
Lot 38, Block 80, SOUTH PORY ST. UJCIE, Unit 5, as per
plat thereof on file in Plat Book 14, Page 12, public
zecords of St. Lucie County, Flosida
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RECEIVE~ .N ~K.1~iGl8LE Pc :~~•;l1~ PRO~~t
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rogether w~th all and singular the tenements, hereditaments a~d appursances thereunto belonging or in s~ywise ~ppe?1+inirg therefo• ~^d rents, issws,
~roceeds and profits accruing and to acuve from said premises, all of which are intluded in the abovt ~nd fwe9oirg destriplion ~nd hibendum•
TO HAVE ANQ TO HOLD the above described and granted premises unto the said MORTGAGEE, its sutcessars ~+d +ssigru fwever. And tlr safd
':.ORTGAGOR for 1tS------- heus, exec~tors, administrators and assigns, he?eby coven+nri with the ssid MORTGAGEE, iri suctes~s and assipM.
lt 15
i•,at - lawfully u~zed of the said premiies in fee simple: thst the ssma are free, clear and d"achu~ed from all liero and ~ncuir?
orances in iaw or in cquity, and that lt will and lt5 hein shall wsrrsnt and defend the titk to the same ro tl» s~id
;".ORiGAGEE, its successors and assigns, fwever sgainst the lawful claims and derrwndi of sll persau;
PROVIDED, ALWAYS thst if the MORTGAGOR shall pay unro ihe MORTGAGEE the promiswry rate here~nbefore described and ~hall truly, prompl~lr o0
~~d fully perfwm, d~xharge, execute, compkte, comply wilh and ab'~de by esch snd every the itipul~tions, agreertronri. conditans ~nd tovena^1s of s+'d p~
_•om~sswy note and of this Mortgage, t}~en this Mortgage and the Estate hereby ueated shall cesse and be eul) aod void• ~
IT IS UNDERSTOOD that the word "Mortgagor" whether in the s~ngular w plural anywFxre in this Matg+ye, shall be sirgulu if one ooly and ~
shall be plural pintly and severally if more than one, and that the wwd "the'a" ~s used anywhere i~ this Morl9age shdl be tsken to mean "hh;' "he?s;' a r
o~ "its," whe~ever the conteat w implies w admits. Alw, that wherever there is s reference in ihe covenants snd spreemenb herein coMained to am of ~
?he parties hereto, the same shall be construed to mean as well ss tre hein, legal represe~tativd, wccessors snd sst~pro (eithe? vo~vnUry bY +tl of tht
parties w involuntary by operation of the law) of the ssme and that the covenints herein contained sFNll bind •nd ihe benefin ud advanra~es inw• ~
~o the respective heirs, leg~l representatives, iuccessors and su~gns of the parties hereto. ~
And said Nbrtgagors, fw rhemxlves snd their heirs, legal representativa, iuccessws and ~uipns, hereby jointly ~nd severally tovensM ~nd pr~e
ro and with the uid MORTGAGEE, its svccesson and assigns:
1. To pay ell and singular thc principal and interest and the various ~nd sundry sums of maxy payabk by virtve of said promisto?y note. +nd ~his ~
mortgage, esch and every, promptly on the days respectively the same uverally become dve.
2. To psy all and singular the tsxes, asxssments, levies, lisbiliries, oWigations and encumbrsnces of wery nah?re and kind now on ssid d~snib~d
property, a thst Fxreafter may be imposed, suffered, plxcd, kvied, or +ssessed thereon, q 1FM1 IIQfNftH IMy bQ IlVilf~ or auessed upon this MortQ'
age, w the indebted~eu secured herebY, exh snd every, when dve and psyabk, saadinp to law, before they becane delinquent, ~nd b~fort ~ny intue~t
attaches w sny penalty is inc~rred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHALL SE PROMPTIY SATISFIED AfV~ DISCHARGEO OF
RECORD AND TME ORIGINAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION P11PER OfFIC1AllY ENDORSED
OR tERTIFIED) SHAl4 BE PIACED IN THE HANDS OF SAIO MORTGAGEE WIiHIN TEN dAYS NEXT AFTER PAYMENT; and in the event that sny fhereof a not
pa~d, sa~'sfied and discharged sa:d MORTGAGEE may at any time psy the ume o~ anY pat~ ?hereof withovt waiving w affectiny a~y opYwn, IiM, eqvity or
•~qhf ~~der or by virt~e of th~s ~*wrtgage and the full amo~nt of each and every such paymeM shall be immediately due and payable and shali bear interest
jr~~. +he da•e 1F,e~ec'• cnr:i ~~a d a+ .ate o! nine pe? centum per annum and ?ogdher w~th such interest shalt be secured by the lien of th s~*.o~gtage.