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Home My WebLink About2186 • ~ '~~~3 CORRECTIVE MOR?C'~11r'B~ TNIS INDENTURE. M+d~ the l~th day of M~.Y A.O. i9~-.. b~tw~en Dou~las D~ Cardwell, and Edna CardNell, his wi~er~ + - of $t Lucie Covnry florida, ht?ei~afta dstiynared as tM "MORTGAGOR," and fIR51 FEDERAI SAVINGS ~AND tOAN ASSOC.IATION OF FORT PIERCE, a cupaation wg+ni:ed and exil~iny voda tl+~ law~ of tM United S~atn of Art~ric~ ~nd h+vU+p ly p~i~cipal plan of busineu in tM City of fat Pi~tc~. St. luci~ Covnty. Fbrkla. herein~hsr designatad aa ths "MORiGAGEE." WHEREAS tF?~ MORTGAGOR is juuly indebted 1o the MORTGAGEE in the sum of S 11, ~ 9ood +nd I~wful monsy of the United Srates adwnced by the MORTGAGEE unto the MORiGAGOR, as evidenced by a ca~a~n promissory r~ote of ever? date herewith, ol which ~hs (ollowiry in No~ds and (iflurei is a trw copy, to-w~~: ~ 10~20873 s l l~~,p . 00 Fort Pierce, Fiwida, Hay 13 19~4_ fw value ~ecaived, 1, we or either of us, promise to pay, without defalcat~on, ~o ~he order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF ~ fORi PIERGE at fwt Pierce, Flaida, the wm of S 11.~~.~ w;~h ~nterrst from date at the rate of 9.~ per annum, i~ monthly install- ~„enf; aa follows: 3 Z~~~- o^ t~ ~y of _)uile 19_?~_ and e lik~ sum on ~he correspwxlinp d~y of each month there- after u~til the who!e be fully paid. Eath installment iint shat) be +ppl~ed ~n PaYment oi the interest and then o~ ths unpaid ba~ance of the printipal sum. If default is mad~ in ths pa;ment of any installmcM whrn due, and such default continues 30 days, then a1 the option of the holder, and without any other notice, all the remaininp :nstaltrnenta ~haH be due and payable at once. Priv~lege is g+ven ro prepaY this note in whofe or irt part at sny time without penalty. Neither forebesrance. ro~ acceplance by 1he holdar thereof after any defauN in any psyments F+e~eon, sfiall be deemed extension. A late payr?+ent cMrge of shsll be ~dded to each instat(me~t remaining unpa~d 7 days after its due date, and a like sum shall be added to each such installment remaining unpaid 7 days afiN each stxceeding payr*+ent dare. Each maker, surety and endorser hereof, joinlly and severally, waives demand, p~esentment protest and notice of protest for nonpaYme^t, and further e3~ees to any exte~sa~ of teme of payment, e~ther before or at~er mawrity, withour not~ce ?o any of us; and to pay all costs of coflectan, includinp s a:onable ateorncy's fee in the event oF any default hereunder, and hereby severally waives all benefit of homestead and exemption under the constit~tion ~:~d laws of each Siate of tlx United States, as aga~nst this obl~gation w any extensio~ or renewal hereof. Witness 1he hand and ual of ea:h party. s/ Douqlas D Carc~well ~W (SE~?U s/ Edna Cardwpll cs~W ts~?U -r~tsr~Re.errse ~ iSmmpt'urR1lMld'vn'+drf9frt~f' e~e) NOW, THEREFORE, tFx MORTGAGOR fw the purpose of securing psyment of sa~d sum of f 11-a QQ • O0 t~ PQ~Of'^~"~ of the covenants and agrerments hereinaiter expressed, and iw divers good and valuable consideratia~s, by these presents, does gr~nt, bar9ain, sell, rem]se, release, convey and confirm unto the MORTGAGEE, its tucceuors and sssigns, all that certain lof, piep o~ parce~ of Iand, situata, lying, and btiig in the County of SL LUCie - and Stste of Fbrida, described as follows: Lot 6, Block Q, NAR~tONY NEIC:N2S, accordinq to the plat thereof as recorded • in Plat Book 8, Page 24 of the Public Records of St. I.ucie County, Florida. This is a corrective mortgaae designed to correct an erroneous legal c~escription appearin~ in Lhat certain mortgac~e of even date here~rith recorded in O.R. Book 227, page 1319, of the I public records of St. Lucie County, Florida, and upon which ~ intan~ible tax has been paid as evidenced by receipt No. ~ 312429 . ~ ~J ~ ~ RECEIYED ~ tN P1?YYENt OF tAXE3 . DUE ON C1ASS INTAMGIBLE PER90fiAl P?0.'ERIY~ PURSt111Ni TO t~i~PTER 71-134, ACTS OF 11N1. R06ER PORRAS c~ qFi~I qROUR OOUR~ Sf. UIC~ 00, FlA !ogether with all a~d singular the tenements, hereditame~b and sppurtances thereunto belonging or in +nywise appert+inin0 the+eto• +"d r~nts, iuws, c-oceeds snd profin atnuing and ~o accrue Trarz saEt3 Fremis=s, al! ef whitfi are enduded in the abovs ~nd fore~oinQ descriPYwn and M+be++dum- TO HAVE AND TO HOLD tF~e above desvibed and granted premises unro the said MORTGAGEE, its succes~ors snd su~9^s fore'~r• Md ~M thelr - heirs, executors, sdministrators and assigns, hereby tovensnri with the said MORTGAGEE, its sutcessots a~+d +ssipM. ':.ORTGAGOR for f~af the~ a re _~a„~„~~y x;zed of the said prcm~ses in fee simple; that the same are free, ckar a~d dncharged from ~II 1'~ens ~nd encum~ ~rances in Iaw u in equity, ar?d that theV w;U and thE312 hein shall w+rrsnt and defend ths title to the s~nN to ths Nid :'.ORiGAGEE, its successors and auigns, forever sgainst the lawiul claims and demands of all persons; PROVIDED, ALWAYS 1Mt if fhe MORTGAGOR shall pay unto the MORTGAGEE the praniuory rwte hereir?befwe dewibed ~nd sh+ll in+~Y• PfOfOP~~Y ard fully perfwm, d~scharga execute, compkte, tomp~y with and ab`de by each and every the stipulat~or?s, sgreeme~ts. co~dit'wns ~nd ~venanb of said rrom~sswy note and of this Mortgage. lhen this Mort9sge snd the Estate hereby veafed sF~al) cease and !x iw~~ +nd void• , IT IS UNDERSTOOD thst the wo~d "Mortgagor" whether in the si~gular o~ plural s~ywhere in this Mortgsye, sh+ll be sirgular if one only and ~~-~-+o shall be plural jointly snd severatly if more than one, snd that the word "their" ss used anywhere in this N~wt~ape shall be faken to mea~ "ha:' "hers:' ~ cr "its;' wherever the context so implies or admits. Also, that wherever there is s reference in the tovenanri and ayreemenb herein cont~ined to am of f~ fhe parties herrto, the same shall be construed to mean as well as the hein, kgs! representstives, wtcesson and auigns (eithe? voluntary by acf of the l~\.., parries or involuntary by operation of the law) of tF~e same and thst the covenants herein tootained shsll bind ~nd tFw benefits ~nd ~dvantsges inw~ l_V to the respective heirs, kgal represcntatives, successors and sss'gns of the psrties hereto. Md said Mortgsgors, fw themxlves and their hein, leyal reprexmatives, successors and auigns, hereby jointly and sevaally cove~ant and ayr~e ~ ro and with the said MORTGAGEE, its successon and ~uigns: ~ S 1. To psy all snd singuler tFK princip~l and intaest and the vaiwus and iundry wms of money p+y+We by virtue of said promissory note, ~nd this i mortga~e, each snd every, promPtly on the days respectively the same severally becane due. ~ 2. To pay all snd sinyvlar the ts:es, assessmenn, levies, liabilities, obligatam snd encumbrances of eve~Y n+twe and kind now o~ ~aid desaiMd { P~pperty, or that heresher msy be imposed, suffered. Plated, kvied, w assessed tixreon, a thst hereafter may kv'~ed w asseaed tipon this Muq' age, a ths indebtedneu secured F~ereby e~ch and every, when due and p+ysble, accordi~g to law, beforo they becar~s delinquent, and befon aqr im~rat af+aches or +~y pen+~tY is incurred: AND' INSOFAR AS ANY THEREOf IS Of RKORD THE SAME SHAII BE PROMPTIY SATISFIEO AND DISCHARGE~ OF RECORD ANPTHE ORIGINAI OFFICIAI DOCUMENi (SUCH A5, FOR INSTANCE, THE 7AX RECEIPT OR THE SATISFACTION PAPER OffICIAIIY ENOORSED OR CERTIFIED) SHAII BE PIACED IN THE HANOS OF SAID MORT6AGEE WITHIN TEN DAYS NEXT AFiER PAYMENT; snd in the event that a~y thereof is not paid, sat's(ied a~d dischsrged sa:d N10RTGArEE may st any time pay the same or +~Y Pa~~ thereof without waiving or affectin~ my optiot~, lisn, eqvify or .~qht under or by v~rrve of th~s mortgsge and the full amovnt of each and every ivch payment shall be immedistely d~e ard payable and shall bear interest ~roT cia+e rhe~ec! p~ d a} ra~e of nine pe~ centum per annum and to9ether with such interest shall be secured by the lien ot th.s morytage. - - n-.,e r~~~.-> .1 = _ _r_. - - -