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TMIS INpENTURE. M+d~ th~.. Z~a day of ~y • A.G. 1974 b~tweN+
PBARL CONS2RUCTION 00., INC.. a Rlorida Coruoration _
of SL. LLiC1Q Co~~ty Flotid~. henin~f~K dt~'9^sted as IM "MORTGAGOR;' and FIRST FEDERAI SAVINGS AND LOAN
ASSOCIA110N OF fORT PIERCE, a corpa~ian orp+nized +~d ~xistiny unde~ ~M laws of th! UnitOd SN~N of M?eric~ u+d Mvinp i» princip+l P~+c~ of
busin~ss in tM City of Fat Pierc~, St. l~ci~ Covoty. Florid+. hera~^+fter desipnated th~ "MORTGAGEE."
ss 23 600 00 =
WHEREAS 1M MORTGAGOR is juitly indtbt~d to 11w MORTGAGEE ie the sum of s • • ~ood ano :.+.ts! monsy of tM Unitsd
Siarei advanced by tM MORTGAGEE umo the MORTGAGOR, as evidenced by a ca~ain promissory note of even d~te herewith, of which tM followinp M
words ~nd f' ures is a+~ue copy. to-w~r: ~ 10020853
23,60~.00
s Fort Pierc~. Fforida. ~'Y 2 s 10 74
Fw valw received, 1, we or either of us, promiu to pey, without defalcation, ~o the orde~ of FIRST FEOERAI
nSAVINGS AND LOAN ASSOCIATION Of
FORT PIERCE at Fort Pierce, Fbrida, the sum of S 23~ with ~nterest (~om date at 1he rate oP •'25 % per snnwn. mo~~hly instalb
,~~~~s a: followt: S 217' ~ on ~he 2Oth dsy of `Tune 19- 74 and a like svm on the correspond~ng day of_ each month therr
,rrar vntil 1he whole be fully paid.
E~ch installment fint shall be applied in payment of the interest and the~ on the unpaid t»lance ot the p~inc~pa) sum. If default is m~de in tM
~ayment of any installment when due, and such dafault continues 30 days, fheo al the option of the hokler, and without any other ootice, aU the remaining
~nstallmeNS shall be dw and psyabb at once. Privilege ia given to p~tp~Y this note in whole or in pu1 at ~ny time without peo+lly. Neithtr forebea?snce.
10 85
nor acceptarxe by the helder thereof after any default in any payments hereon. shall be deemed extension. A late payment chs~ge of S • shs~~ b~
addrd to each insratiment remaining unpaid 7 days after its dus data, and a tike sum shatl be added to e+ch such inata~~men1 ren?+'^'^9 w~W~ ~~+Ys after
eath succeeding paYmeM date.
Each maker, surery and endorur hereof, jointly and uverally, wa~ves demand, presentment protest ~nd notice of protest fa nonp+ymen~. ~~d furthet
agrees to any extension of time of paYment. c~ther before w aiter maturi~y, without notice to soy of u:; and to pay all cosfs of collection, includ~n0 a
reasonabk attorney's iee in the event o( any default hereunder, and hereby severally waives all benetit of homestead and exemption under tM cantitvtlon
a~~d laws of each State of the United States, as a9ainst this obligation o~ any e:tens~on or «^e p~RL CONSTRUC.~TION OO• ~ INC.
Witn~ss the hand and seat of each party.
~W
~ gy; g/ Ga]cy L. PBaYl ~ Psesident ~
Cozporate Seal Aff ixed ~
AY'rBST; s Phil p Pearl, Secrata~y- ~
Z~35 40 ) Stste Revenue ~ T!@aStil!@r
' , " ' ~ ^ 23 , 600 . 00 ,nd ,h. paf,nrnnc. of th.
NOW. THEREFORE. 1M MORTCaAGOR for ti+e purpose of secvrirg payment of said sum of Z ~ ant, bsr a~ sell, temise,
covenanri and agreeme~rs F?ereinafter expressed. and fw divcrs good +nd valuabk consideratiau, by these preseMS. does 9r y~^~
release, convey co~iir~m ynto the MORTGAGEE, its successon and augns, all that catain b4 pieos ot partel of la~+d, sitwte, lyinp, and beug fn t1w
LLiCl@ ~ S~ate of Fbrida, deatribed ~s follows:
County of
East 80 feet of Lots 22 and 23, Block 2, WAGNER SUBDIVISION, as per plat
thereof on file in Plat Book 9, page 74 of the public records of St. Lucie
County~ Florida
€
~
~
~ STATE oF FLORtDA~~ ~t~r~u~w
STAMP TI~Y i ~ ~w
OOC
ME^1tAR`f „ r~.ti ~ p~ ON q116S "C' IIfiMIGI~ P~SOt1Al PROPq1Yi
OEPT. Of REVEHUE _ n,l~~ ~7S pF 1W1~
c TO (~I~P(ER ~
~ " P.. = ~ ~ 3 5. 4 0 ~ ~a ~oR~.s
~ i ot CtiltK CtRCU1T Oa1RT. ST. UlCIE 00, N~
0
+.ogether with all and singular the tenertronts, hereditaments snd appurt~nces therevnto bllongirg w in a~ywbe ~ppertainwg tMttto. ~nd ~II reota, issu~s.
p~oceeds and profits accruirg snd to acaue from said premises, all of w1iKh are included in tM ~bo+re and faeyoiny d~scriptan +nd h~b~ndwn-
TO HAVE ANQ TO HOID fhe above dexr~bed +nd 9ranted premises unto the said MORtGAGEE, its wocesson +nd assip^s fotewr• Md ~ Mb
MORTGAGOR for ltS - he~rs, executas, ~dministntors and suigns, hereby cow~+nts with fM said 1NORTGAGEE. Ns ~uaeswrs ~nd asaipn,
rhat _ it 1S Iswfully ieized of ~he said premises in fee ianple: th~t tM s+me u~ fne, ckw and d'achu~ed fran all lieru and ~
1t5 hein sl++11 warrsnt and d~fend the titb to tl» s+m~ to th~ said
brances in Iaw w in equity, and thaf lt will and
'~tORTGAGEE, its successon and auiyns, ~wever against the Iswful daims ~nd demands of all persons;
PROVIDED, AlWAYS thst if the MORTGAGOR shall p~y unto the MORTGAGEE the promiuaY note hart~before dacribed and ~II truly, promptll?
a~d fully pe?form, disch+rge, exec~te, compkte, comply with snd abide by each and every the stipulatiau, apraamenri, ta~ditiau and oov~nb of s~id
cromiuory note and of this Mortgage, then tha Mortgaye and the Estate hereby ve+ted shsll ce~s~ s~+d 1» nu~~ Md Moid-
IT IS UNDERSTOOD that the word "Mon9ayor' whether in the singular or plwat amrwhere in this Mwt9y~, sh+ll b~ sirgvlw if one only +nd
shatl be pfural jointly and sevaally if more than one. +nd thst the word "their" ~s used ~nywhert in this Mwtqaye sh~ll M taken to m~~n "his," "M~s;'
cr "its," wherever the context so implies or admits. Also, thst wFxrever there n a referenc. in rhe coven+nn and +pr.am.~n he*ein c«i~sir~d to aRy af
fhe panies hereto, the s+me ~'+atan o~he~ aw) of thessame ,H+dhthat ~the ckov~ensn~
h~erein conuin~ed
s~l~all buid and M~benefin .nd
~aroa~.s iM+r• ~~y
parties or involuMsry by oper
ro the ~espective he~n. k9+~ representatives, s~ccessws s~d ~u~~s of the psrt~es hereto.
/1nd ssid 1111ortgagon, fw themxlves and theN }?ein, leyal representatives, successas +nd sssipro, herebY lantly ~nd s~vaally cov~naM and ap~~e
ro and with the said MORTGAGEE, its :uccesiws and assigns:
1. to pay sl) and si~pular tM pri~tipsl and intetest s~d tlw variovs and sundry sums of nwneY P+Y+~ bY of said promiswry not~, and this
mortysyq each and every, promPfly on the days respectively tlw same severally becane dw.
2. To p~y +11 and singvlu the f~xes. ~:~essmen», bvics. liabilir'~, obliystions and encumbr~nces of rverl? ~+rin~ +^d kud ^°w said da°~d
P~aP~Y• or tF~at hereaha may be imposed, suffered. P~aced, levied, or ~uessed thereon, o? th~t her~aftu may b~ kvied w awsted opoo this Maq'
age, a the indebtedness ucvred hereby, each and every, whan due •~+d p+rable, xcwdiny to law, b~fon t1~eY becan~ delMWwm. +nd b~~t ~^1~ i^tu~+t
attaches w any pena~ty is incwred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHALL 6E PRON1PTlY SATISFIEO AN~ DISCHARGED OF
RECORD AND THE ORIGINAL OFFICIAL ~OCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SA715FACTION PAPER OFFICIALIY ENOORSEO
OR CERTIFIED) SMAII BE PLACEO IN THE HANpS Of SAID MORTGAGEE WITHIN TEN DAYS NfXT AFTER PAYMENT; u+d in the ~vent th~f a~y thereof is no1
paid, sat"sfied +nd diuharged sa:d MORiGAGEE may st any time pay the same or sny part theteof wi~hout waivirg wraffectinp ~r+y option, lien. equity or
.~qht u~der or by virtue of this mort9age and the (ult amo~nt of each and every such payment shall be irtwnedi+tely dve and paysble snd shall bear inte?at
~.om fhe dn}e the.eo4 ,;;,r~l ~a d a+ ~ete of nine psr centum per annum and toyefher w~th suth interest shsll be secured by the lien of th:s morgtage.
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