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?HIS INDENTURE. M+J~ th~ l~th day of ~y A-D. 19
74-, b~~~?
David M. Bail~y ~ Je a4
of St • j.t1C @ ~p~~y F~~, Mr~iMftu dNipn+ted ss tlN "MORTGAGOR," and fIRST FE~ERAL SAVINGS AND IOAk
ASSOCIATION OF fORT PIERCE. a aaporatio~ orp+nis~d +~d ~xistinp und~ tM lavvs of tFw Unit~d Suta of M+~rk~ ~nd havinp ils principal plau of
bu~ln~ss M tl» Uty of Fwt PiKU. St. lvci~ County. florida. hK~kufta d~spn+t~d a tM "MORTGAGEE."
WHEREAS tM MORTGAGOR b iwtly indtbt~d b tM MORTGAGEE in th~ sum of ~ Z f_~N ~ood ~nd ~awful ma»y of ths United
Stetes advanced by tM MORTGAGEE unto ti» MORTGAGOR. as ~videnced by ~ aNain p~omiason? iwte of ewn date I+enwiih. of whieh ?h~ tollowinp in
_ « 1 L~7W
.~~a 1rw coPY. lo-wit: t. ~ ^ , . , -t,b l i~02 ~ r
MaY 1O ~ 19 74
fort Pittu, fbrida,
Fw•value received, 1, we or eitha of us, 1'~ to~YO• wi~ daf~lcation, to the order of FIRST FEOERAI SAVINGS AND LOAN ASSOC~ATION OF
FORT PIERCE at Forf Pjtr~e~floli~a, fhe wm Qf ~e with int~es4t from date at the r+ts of 9`~ psr ~nnurt4 Sn monthly ie?itall-
ments st follows: f 11 ~ v~ o~ tM 1'V d~y of 19 se~d ~ lik~ ivm on ths cwrespa~d~rg d+Y of esch mauh thsrr
aher until the whole b~ fully p~id. ' ,
Esch installment fi~tt shall bs applied in payment of ths interest and then on tF?e unpaid babnce of the princip+~ swn. If default is msds in tF+s
payment of any insallment when dus, u+d such def~ult continues 30 days, then at ~he opYa~ of the holder. snd without any other notice, all ths remaininp .
~~stallrnenn shall be d~e aod p+yab[e at once. Privileg~ is ~iven to prep+Y this note in v~hok o? in part ~t u~y Yuns withoW pea+lry. Neithsr for~btar+~ct.
nor aaepta~e by th~ hold~r tMreof after ~ny defsult in anY psyments hereon, sM{I be deemei! extensia?. A late payment d?~rge of ~S•?5 . sh+ll be
added to each installment ~emaining unpaid 7 days ah~r in due da~•, and a like sum shall be added to e~ch such installme~t remaininp unpaid 7 days ahK
each wcteeding p~Yment date. ' ~
Each makar. surety and endorser htr~of, Ioiwtb +^d teverally, waives demand, presentment protest and notiu of protett for nonpayment, ~~d furthsr
agrees to ~ny extension of time of payment, either beforo or after maturiry, without notice to sny of ~s; and ro p~y all costs of colbction, ietludinp •
reasonabk attwney i fee in tM ewnt of sny defautt I+enunda, and hereby severally wsives all beoefit of homestead and exemptio~ under tla eoostitution
and laws of esch St~te of ths United Ststes, u agsinst this obligatioo or ~ny extensan or rer?ew+~ hereof.
w~t~ tn~ ~„a .~d or ~.~r? ~nr• S1 Da?vid M. Bailey ~~W
cs~?u
S/ Jeannette Bailev ~s~?u
~u
$18.75 st,,. a~«,~,.
~~~Q~~ 12,500.00
NOW, THEREFORE. ths MORTGAGOR fw ths purpose of secvring psyment of ssid sum of i ~~~1O ~°^^~^CO °f ~
covena~n snd apreemer+ts hereinsfter expressed. and fw diven yood snd wlwble co~s~de~ations, b1? the~e Wese^n. d°°s grant, ~ barp~in, sell, remise,
releast, tonwy and confirm unto the MORTGAGEE, ib successon and auiyns, ell that cert~in bt, piec~ or parce~ of land, sitwte, lyug, and beiny In ths
Covnry of `St . I'uCi@ u+d St~t~ of Fbrida, d~~cr~d u to!low~:
The Bast 45 feet of Lot 16 and the West 40 feet of Lot 15, Block 2,
LILBM SUBDIVI'SION, accordinq~to tne Plat th~r~of~as recorded in Plat
Book 9 at Paye 73 of the Public Records of St. Lucie County, Florida. .
nF FLOR4Df ~ ~ '
STATE
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UOCUMfNTARY.~-~:.;,STI>MP ~ l~> ~ ~
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roge~her with all and sirgular tl+e tenemeMS. he?edit~menn snd appuharues ihereunro belaginp or in +~Y+Niu aPPN~~inirg N~ertto, and ~U renb, is~ws,
proceeds and profin accruirg and to scuue from s~id premises, all of wFiKf+ are irKluded in ths above and fwepoirg dewiptan ~nd habendum.
TO HAVE AN~ tQ HQID ~ above dewibed and granted p?emises unto the said N10RTGAGEE, its waessas +nt! ~ssg^s fwe`?u. Md ~~+b
MORT6
~GQOR for l1e1r heir:, execvton. ~dministnfon +nd assi9ns, f+erebY coven+nb wlth the said MORTGAGEE, its svcc~sson ~nd asipti.
ihst t""y are ~~~~~h ~ t~ fe~ iunple; th+t ths s~me ue free, ckar and d'ach+r9ed fran ~II liam and ennmr
brances in law a in equity, and tM* they will sod thefr hein shall wuru~t and d~fsnd tM titb w the s~m~ to th~ s+id
MORTGAGEE, ib succeuors and assigns, foreve? sy+inst tht Iswful da'xns ~nd dema+ds of all psrwos:
PROVIDED, ALWAYS that if the MORTGAGOR shsll pay ~nto the MORTGAGEE the promisso?Y not~ hereinbefore deauibsd ~nd sh+ll truly. prompHY
~ and fully perfwm, d~acMrge, execute, compkte, comply with and ab~de by escF~ and every the stipul~tions, ayrearne~ts, condit'wns and ooven+nri of said
promiswry not~ and of this Mortgape, then this Morty+9e and the &t~te hereby vsated sF~+ll oease +nd be null ~nd void.
IT IS UNDERSTOOD th~t the word "Mort9spor" whether in the singular or plwal anywhere in this Morty+pe, shall be sinyulu if on~ onh/
ihall be plurd jointly and teverally if more than one, and that the word "theii' as used Mywhe?e in this Mortg~ye sh~ll be taken to m~an "his:• "1Nn•• ~
or "in;' wherever the context so implies w+dmits. Also, tl»~ wl~e?e~K there a• r•faencs in rhe co+?e~.nn a~d ayreemenn h.r~in oonrained a any of
the p+rties hereto, the s+m~ ahall be oonstrued to rrK+n as well as the heirs, leysl rtpresent~tives, suaesson and usipm (eitha voluntary by act of tM~
ps.Y~es or involuntary by opentan of the law) of t1a ssme and that the ooven~nn hersin contained sh~ll bind and the benefin aod ~dv~ntapa iiwrt~
+o tM respectiw hein, le9+l represenatives, suaeuon and ass~m of the puties hereto. ,
/1nd sa;d Mortyspas, for themselves +nd tF~eir hein, feyal represent~tives, succesion and ~aipro, herebY lointly and severally coven~+~t ~nd ayne~ ~
to and with the s~id MORTGAGEE, in successon +nd +ssgra: i
1. To paY all and sinpulu tl+~ principal and interest ~nd the wraw and sund+y wms of moneY WY~~ bY virtue of said promissory note, and this ^i !
mort9aye, exh and wsry. P?omPt~Y on ths dsys ~~spattiwFy the sam~ s~verslly becoms due. ~ i
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2. To pay all and imyulw tM taxa, usessmen», levies, li~bilities, obliystians a~d encirmbarxes of svery nahK~ snd kind now on said dac~iMd ~ i
propsrty, a thst herosher may b~ impo~ed, suffered, pl+ced, levied, or assaud thereon, or that hereafter may b~ levied w u~s~d ~pa~ tN~ Morq~
age, a the indebted~ess secu?ed her~bY, e+ch ~nd ~very, wMn due and paysbk, sccordirg to law, befa~ they become delinquent, s~d befon ~rq? intaKt i
attaches w any pen~hl/ is intwred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAINE SHAI~ dE PROMPTLY SATISf1ED AND ~ISCHARGED OF ~
RECORD AND THE ORIGINAL OFfICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE ?AX RECEIPT OR THE SATISfACT10N PAPER OFfIG1ALlY ENDORSEO i
OR CERTIFIED) SHALL BE PUCED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AiTER PAY111lENT; and in the evsnt that any tMreof b no1 {
- pa~d, sat'sfied and dixharged sa:d MORTGAGEE may at any time pay the s+me w+~Y P+~ ~~~f without waivinp w ~ffectirg any optan, 1'~, p~rity o? }
.~aht under w by virtue of this mortg~ge and the full smovnt of each and every such payment shall be immediately due snd p~yabk and shsll beat inte~tst
~.om the date thereof until paid ~t nte of nine pe~ ce~tum per ~nnum ~nd together w~th such interest shall be secured by N~t lien of th:s mw~ta~e• ~
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