HomeMy WebLinkAbout0455 . . , Z81424 `
THIS INDENTURE, Nbd~ th~ , 3Yd day of ~Y ~'~.R. 3=~-1-~' 19 74 bNw+M
Alfsed W. Ba?ilev and Carol A. B~? lev h s e
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of St • ~.11C~@ ~ ~ CouMy flaida. henin+fta dt+ipn~~~d a 1M ~MORTGA~OR'N +^d FIRST FEDERAI SAVINGS AND IOAN
ASSOCIATION OF FORt PIERCE. ~ aorPa+ta^ o~Wni~d and ~xi~linp ur~d~r tM la~n d tM UniNd SUtN of Amerka u~d IMVinp it~ pri~dP+l p~+u ~
bustnas M~ tlw Cit~? of fwt P1~a. St. luc~ Cow+b. Pb?W+. herrin~h~! daipMt~d a tM "MORT<3AGEE.`
36 , 400 . 00 .,,~t ~.wt~ m«+.r o~ u» uM~ea
WFIEREAS tM MORTGAGOR is jwtly Ir~bt~d to tM MORTGACsEE in th~ sum of ~
Suta adv~eced by ths MORTGAGEE unto th~ MORTGAGOR. ~s ~vide~xed bY ~ ou?+'^ P~°'^'sw~Y ^p1f of even d+~e h~rwvith, of which tM fdlowinp in
~ 36, 400.r00 •~•w "~?r. ~o-w~r: w~ 11Q00216
Fat PiKC~~ Fiwid~. M8y 3s 19~'~.
e...'..~~... ...,.~,...1. e. .atlrr of us. oromia to oa1~ wi~hout defdca~ion, to ~he ord~. of FIRST FEDERAL A^INGS AND LOAti ASSOC~ATION OF
fORT PIEIKE at fort Pieru, Florida, tM s~m of :y~,~~~~' w with i~terest from date ~t tFw rat~ of ~'"'X. QK +M+~. ^b^'^~Y u"'•"'
menn ss follows: _~6• ~ o~ tl+e ~t'~+Y °f ~jm~ 19 74 and • lilu sum on the correspondinp day of ~~ch month rherr
after untlt 1he whol~ b~ fully p~id-
Each installmN?t fint shail bs applied in payment of tM interest and thce~ on the unp~id b+l~nce of the princ~pal sum. If dafavh is m+d~ in tM
payment of s~y iratalimsnt wheo d~e, u~d s~cl+ defauh oontinves 30 days, thee~ st ths option of ths holda. and without_a~y other ~?ot~tt~t~~r~
instaliments sha~l be due ~nd payabk at axe. Privilep~ is pive~ to pt~p+Y d+is ^cte in wFwb or io put at any t~me withoW pe~+hy
nw ~oapt~nc~ by the holder theroof after any def~uh in a~?Y p~ymenb hsroo~. s~»II be deemed exta+sion. A I~te payment chsrye of ~ 15• ~+11 b~
added to each insullment remsinirg unp+id 7 d+Y~ ahe~ its dw dat~, and a like sum sh+ll be ~ddsd to esch such ir?stsllment r~inirg w+pa~d 7 d~ya after
each succeedinp p~Yment date.
E~d+. maksr, wrety aod endo~ser hereof, iotntly and ~everally, waiva demand. presa+tment protest ~nd notice of protest fo? na+paYme~t, and f~?rther
sgrtes to sny exteewioo of Yime of payment, either before or after maturity, withoul ~+otice to sny of us; and to p+y all cosn of collectan, indvd'ug ~
reasonabte a»oraey i fse in the ~vent of ar?y defsult hereunder. ~~d herebY severally waives all benefit of homestead ar+d exen+P~io^ ~^de~ ~titution
and Isws of eath State of the Unitsd St~tes, as +y+irot lhis obligation or +~Y ex~e~sb^ a«^°`M+~ he~°°f.
vr'^°" ,h° h~"d a"a 'ed °r "a' P'""• S/ Alf red W. Bai ley
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~ ~54. ~O 1 State Rewnu~
NOW. THEREFORQ the MORTGAGOR fw the purpos~ of secv~ing p~Yment of s+~d swn of t~ s~~• ~ . ~nd tM perform+~ce of th~
covee~u+n snd +~reemenn hersin•fter exp~essed. and fa divers 9ood ~nd wtwbl~ consideratiaw bY these Presenri, does grant, baryai~, sell, remise.
releas~, ca+wy u~d ca+firm unro the MORTGAGEE, its suocesso?s and ~ssiyns, atl th~t cettain bt. pieu or parcel of Isnd, situat~. IYing• and btirg tn tM
Counry of $t. ~cie and Sat~ of Florida, d~wib~d ~s follows:
Lot 19, Block 105, LAKB~OD PARK, ZAdIT ~9, as per Plat thereof on file in
Plat Book 11, Pa?ges 27A through 27D, according to the Public Records of
St. Lucie County, Florida.
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~ b~ STATE oF FLORIDA 1
~ DOC~WTARY ':,~,$TbMP tAX ~
DEPT_ OF REYEMUf '
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"O N =+~ur-rr~ ' 1 R~ ' D iN P~f41ENT OF TAXE`_•
n'. ~ P-Y. ` .-S" ~ ~ 5~. s ~ ~ DIJE Oli CLASS 'C IRTAt1G18LE PE.rt90ft.'~t. PROPER(Y~
o= uio2 .`~n,.. PURSI1ANi TO C1IMTER 71-13d, ACTS Of 1~L~~
! ROuER PORRAS ~
CtERI( CIkGlIT ODURT. ST. UIC~ ap,
togetMr with sll snd sirgulsr the tenements, hereditams^h snd ~ppurtseces thereunw belagin0 or in a+Ywise appertainirg thereto, and all renn, issws.
prooeeds u+d profib acaviny snd to sccrue from said ptemises, all of which are i~duded in the sbov~ and forepoin9 dewiPtio^ +nd h+b~d'+~^'
TO HAVE S LJ 1= the above described and granted prdnises unto th~ said MORTGAGEE, its avcoe~son and assipiu forwa. Md th~ s~fd
hein, executors. administrston snd auigns, twreby ooven~nts with th~ s~id MORTGAGEE. Hs waesso~s uid aslpm,
MORT~B_focdle
that Y lawfully seized of the ssid pranises io fee simple: tfu~ the sarne ue h~e, ds+r +nd disdw~ed ha^ +II liem and ~
brsr?ces in Isw or in equity. +nd thst thev will uid e= hein sh+ll wurant and deftnd the title to th~ s+me to th~ t+~d
MORTGAGEE. its sucoessors and sssigm, faever +9aimt the lawful ds'Wra ~nd demsnds of all parsoros
PROVIDED, AlWAYS tl~at if the MORTGAGOR shaU WY vnto the MORTGAGEE the p~omiswry note hareinbefa~ described ~nd shs~~ m+N• P~~~Wh
and fu11y perform, discMrge, execute, ca^PINe, camP~Y with and abide by esch snd wery the stipubtiau, ayreemenn, oondiia~s and oove~+» of said
promissory note snd of tha Mortgs~e, then this Mortgsge and the Estste hereby veated shall csaw and b~ rw+ll and void.
IT IS UNDERSTOOD tlwt the word "Mor~9sgw'~ whether in the singubr or plwal ~nywh~r~ in fhis Mwty+De, shall be ~irgular if one onty ar~
sMll b~ plwd ~ointly and severatly if more tl?~n on~, e~d th~t the word "f heir' as wed anywh~rs in this Mort~ge shdl k» take~ to me~n "his." "hers. ~
or "in." whe?eve~ th~ context w implies a sdmits. Abo, th~t wherev~r there is s r~ference in tM cov~naMS and pr~emeMS hKein oomiu~d to ae~r dP
the p~rfia her~to, the same sl++ll be caistnxd to mean as well ~s fhe hein, k9al ?epresent~tives, s~ocessan +~d ~ssip^s (~itF~ volwHary bY ~c1 of t
parties or imroluntary by opK~tion of fhe bw) of tlw same snd thst fhe covenann henin contained shall bind ~nd the banefin and adv~nt~s iewr
to the rapectiw Min. Isyal r~presentatives, waeswrs ~nd au~pns of th~ puties Mr~to.
Md said Mwtyayon, fa tM+nselves snd tFwir hein, le~al representatives, svcceswn and assipos, hereby jointFy snd sevaally cov~n~nt and ~pr~e~
to and with tM said MORTGAGEE, its waasso~s and +uiy^s: ~
1. to pay dl and sirgvlar the princip~l u~d intaeq and the v~rio~rs and wndry sums of mo~eY WY+~ bY ~w of s+id promiswrY not~. +~d thia~n
mortya~e, ~~ch and ewry. P~a^Pt~Y a+ tFw days r~spsttively ihe same severally becorrr du~.
2. To p~y all a~d sirgular the tsxes, uussrneon. Isvies, li~bilities, obliy+tions s~d encumbnnus of every n~tur~ and kind now a? s+d d~scril~d~
P~~~Y• or tiwt haeafter may b~ impwed, wffer~d. P~~oed• Isv~sd, w ssussed thereoe, or tMt hereafte? may be levi~d a as~ess~d uPon flas Morq'~
age, or the ind~bt~dnsa searred hereby, e~cl+ and wery, when due ud p~y+ble, accordiep to taw, befort N~ey becae~ ddinquem, and befort any M~»nst~
~~e~y p ~~y pe~hy a intvrred; AND INSOFAR AS ANY ?HEREOF IS OF RKORD THE SAME SHAII BE PROAMTIY SATISFIEO AND DISCHARGED OF
RKORO AND THE ORIGINAL OFfIC1Al DOCUMENT (SIKM AS. FOR INSTANCE, THE 7AX RKEIPT OR THE SATISfAR10N PAPER O~~CIAIIY ENOOR~D
OR CERTIPIED) SHAII OE PIACED IN THE HANDS Of SAI~ MORTGAGEE WITHIN 7EN DAYS NEXT AFTER PAYNIENT; ~nd in the event 1Mt ury ther~of is not
psid, satsfied snd dischx~ed sa:d MORTCsAGEE may ~t sny t~me psy the ssme w ~~y W~ n~~~~~N e,lgdue and payabk a~d sha 1 beu &~ter~st
.iqM voder or by virtve of this mortyage and the full amount of each and erery such paymt Y
~rom the d+te the~eof until psid ~t ra~e of n~~e per centum per annum aod toyether with such inte~est shall be secvred by the lien of th:s mwyt+pa
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