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Home My WebLink About0892 ~ ~ • v THIS INDENTURE, Made the 26th day of AQril AD. 19 74 , betxeen Cody L. Bailey and Carol+~n A. Bailey, his wife of St • County florida, hereinaitN dcigneted as the "MOATGAGOR:' and FIw51 FEDERAI SAVINGS A"+D IOAN l.ucie ASSOCIATION OF FORT PIERCE, a torporation wganized and ex~st~ng under the laws oi tM Unitsd Slatos uf Amerita and having itt p~~ncipal place of • business in the City of fort Pie~cs, S~. lucie County, Florida, hereinafter des~g~ated as the "~R4TG~ E~." oO WHFREAS the MORTGAGOR ~s jusdy indebted to 1F+e MORTGAGEE i~~h~e wa of sj ~d ~^d Iawiul mor•ey oi the Un,ted S~ates advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a cer~a~n piom~sswy nyle ei even date herewith, oi wh~ch ihe iollow~ng in words and figures is a uue copy, to-wc~: 10020841 z 34.000.00 ~'~O Port Pierc~, Florida, Apr i 1 26 ~ 19 74 For value received. 1, we w either of us, prom~se to pay, without defalca?~on, to the orde: of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE at Fort Pierce, Florida, the sum of =__-.~4!~~~~ - w~th interest (rom date at the rate of -g'-~o per annum, in montnry ~~~staii- ments as follows: S 286'~ ~~~?~th day of June ~q_ 74__ and a like sum on the correspond:ng day of each month there- afrer ~ntil the whole be fully paid. Each installment first shall be applied in paYment of the interest and then on Ihe unpaid batance of the princ~pal sum. If delautt is made in the Fay~nent of any installrnent when due, and such default continues 30 days, then at the option of the holder, and without any other not~ce, all the remain~ng :nstallments shall be due and payable at once. Privilege is given to prepay this note in whole o~ in part at any time without penatty. Neither forebearance, nor acceptance by the holder thereof after any default in any paYments hereon, shall be deemed extension. A late payment charge of I~4. sha!1 be added to each installment remaining unpa~d 7 days after its due date, a~d a Iike sum sha11 be added to each such instailment remaining unpaid 7 days after each succeeding payment date. Each maker, surety and endo~ser hereof, jointly and severally, wa~ves demand, presentmenf protest and notice of protest fw nonpayment, and further agrees ro any extension of time of payment, either betore or afler matunty, wifhout norice to any of us; and to pay aU costs of collection, inc!ud;rtg a reasonable attorney's fee in the event of any defau~t hereunder, and hereby seve~ally waives alI benefit of homestead and exempt~on under the coostitWion and lavvs of each State of the United States, as against this obligation or any exrens~on or renewal hereof. Witness the hand and seal of each party. (SEAI) s~ CodY L. Ba i 1 ey (SEAI) (SEAI) s/ Carolyn A. Bailey ~SEn~~ ~ S 1. ~0 ) State Revenue 34 , 000 . 00 NOW, iHEREFORE, the MORTGAGOR for the purpose of securing payment of said sum of S snd the performance of the covenants and agreements hereinafter expressed, and for d~vers good and va~vabte conside~ations, by these presents, dces grant, bargain, sell, rem:se, refease, convey and confirm unto the MORTGAGEE, its successo~s and assigns, all that certain lot, piece w parcef of Iand, situate, lying, and being in the County of St . LuCie and State of Florida, described as follows: Lot 19, Block 151, 1.AKEWOOD PARK, UNIT NO. 11, as per plat thereof on file in Plat Book 11, page 32, of the public records of St. Lucie County, Florida ~ , ~ ~ o - - - ~c ~ ~ ~ STATE :~:F FLC?,~~~ 1 u~' *v~" Q~` ~ O~CUMEh7ARY ~ STfa M P ? ~ ~ ~ ~ Q~~'~ 1QiL in DE "r'L ~JF HEVENUE~:=.~ ~ ' ~ ~ G\8~, ~`e~ ~ "t~ ~~tt~ 11~~ ~ - • = = v ~`~'fl = 5 1. 0 0 N , w, N _ DH~- 7~ ~.r•~;o•~: - ~ ' ~,~'E~ ~•\si~ ~ _ ~ : . 0~' ~ ~N~ _ ~ ~ c~' together with all and singular the tenements, hereditaments and appurtances the~eunto belonging or in anywise appertainir?g ihereto, and all rents, issues, proceeds and profits accruing and to accrue from said premises, all of which a~e included in the above and foregoing dexription and habendum. TO HAVE AND TO F}OlD the above described and granted premises unto the ssid MORTGAGEE, its successors and assgns forever. And the sald M.ORTGAGOR fw their_____ executors, admin~strators and assigns, hereby covensnts with the ssid MORIGAGEE, its successws snd sssigns, rhat - Lh~_a=e_- ~ewfully seized of the sa~d premises in fce s~mple; that the same are free, clear and discharged from all licn~ and encum- brances in law or in equity, and that t hey wi~~ end the 1r heirs shall wsrrant and defend the title to tFx same to the said MORTGAGEE, its successors and assigns, fwever against the (awful claims and demands of all persons; PROVIDED, AlWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note Ixreinbetwe deuribed a~d shall truly, promptly ~ and fully perform, discharge, execute, comp~ete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissay note and of this Mortgage, then this Nbrt9age and the Estate hereby created shall cesse and be null and void. . IT IS UNDERSTOOD that the wwd "Mortgagoi' whe+her in the singular w plural anywhere in this Mwtgage, shall be singular if one only and shall be plural jointly and severally if more than one, and that the word "their" as vsed anywhere in this Mortgage shafl be taken to mean "his;' "hers," or "its;' where~er the context so implies or admits. Also, that wherever there is a reference in the covenants and sgreements herein contained to any of +he pa.ties hereto, the same shall be construed to mean as well as 1he heirs, legal representatives, successws and asigns (eithe~ voluntsry by atl of the par~ies or i~voluntary by operation of the law) of tt~e same and that the covenants hcrein contained shall bind and tlx benefits and advantages i~ure ro the respedive heirs, legal representatives, successws and ass~gns of the parties hcre~o. And said Mortgagors, for themselves and their heirs, legal representatives, successors and sssigns, hereby jointly and severally covenant and agree ro and with the said MORTGAGEE, its successo~s and ass~gns: 1. To pay all and s~ngular the principal and interest and the various and sundry sums of money payable by virtue of said promissory note, and this rnortgage, each and every, promptly on the days respect~vely the same severally become due. 2. To pay all and ~ingu:a~ the taxes, assessments, levies, liabilities, obfigations and encumbrances of every nature and kind now on said described property, or thst hereafter may be imposed, suffered, p~ated, levied, a assessed thereo~, or t1?at hereafte? may be levied a assesud upon this Mortg- age, w the indebtedness set~red hereby, each and every, whe~ due snd paYable, according to law, befwe they become delinquent, and betore any interest attaches w any penalty is incurred; ANO INSOFAR AS ANY IHEREOF IS OF RKORD THE SAME SHAtI BE DROMP~IY SATISFIED AND OISCHARGED OF RECORD AND THE ORIGIPiAL OfFIC1AL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPI OR 1HE SATISFACTION PAPER OFFICIALLY ENDORSEU OR CERTIF~ED) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE W~THIN TEN DAYS NfXT AFTER PAYMENT; and in the event lhat any thereof is not paid, saYsfied and discharged sa d MORTGAGEE may at any time pay the same or any part thereof aithout waiving or alfecting any option, lien, cquity o? •iqht under w by virtue of this mortgage and the full amounf of each and every such payment shall be immediately due and pa~able and shall bear inlerest ~.om the dare thereof until paid at rate of n~ne per ce~tum per annum and together ~~est shall ~~~},Led by the lien of th's morgtage. BOGK PAG[ U - - ~-`.-ux ~ . - - - - 't_~.'.~'~ f _