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Home My WebLink About0427 , ~~.3S05 ~ . . TNIS INDENTURE. Mads ths l~th day of May A.D. 19 '74 - betwea~ _~tarry W. Trout, a single adult and Dorothy T Baening, a single ac~ult of St Lucie County iior+da, hereinafter desyna~ed as the "MORTGAGOR," and fIRST FEDERAI SAVINGS AN~ IOAN ASSO~.IATION OF fORT PIERCE, • m~paation organized and ezis~ing u~der Ihe lawa of the United Stat~s of Amtrica and luvir+g its ptincipal pl+ce of businesi in 1M City of Fort Pierce, St. lutie County, Flo~ida, hereinafter designated as the "MORTGAGEE." WHEREAS the MORTGAGOR is juatly indeb~ed to 1hs MORTGAGEE in 1hc wm of S 24-s 300. ~0 9ood and lawtul rnaney oi the United States advaixed by the MORIGAGEE uroo the MORSGAGOR, as evidenced by a crttain prom~ssoty note of even date herewiih, of which tiw ~ollowiny in wc~ds and figuros ~s s:~ue copy, ~o-w~t: ~ 10020886 z 24, 300.00 Fwt Pierce, Flwida, Mdy 16. ~q74 Fa va~ue received, 1, we or e~the~ of us, promise to pay, withou~ deiatcatio~, to the order of FIRST FEDERkI SAVIIVGS AND LOAN ASSOCIATION OF ' ~ ORT PIERCE at For1 Pierce, Florida, the s•v+n ot s_241300. OO ,~,,,~h i~.terest from date at the rate of Q• 2~ p~~ annum, in monthly install- ~en+s as 1ol!or.s: S?~i~ on the _?Othday of _ june ~q -74_ and a like sum on the co~responding day of each month there- s!trr until the whole be tuUy paid. Each :nstallment fint shall be epplied in pay~neN of the interesl and then on the ~rtpa~d balance af the print~pal sum. If de{ault is msde in tF+s ;,~;mtnt of any instal3ment whrn due, and such defauft cominues 30 days, tnen at the apt~on of the hoider, and wlthout any other notice, all ~he remaining .~,s~allments shall be due ar~d payable at once. Privilege is given to p~epay this note in whole or in part ~1 any time without penshY• ~iO 45 arancs, ~.or acceptante by thr holde? thereof after any defau~t in any payments hereon, shall be deemed extens~on. A late payment charge of S • ~ :,1J~d to each install~r,ent remaining unpa~d 7 days after its due date, artd a like su+n shall be added to ea~h sucfi installmenl remaining unpaid 7 days after each succeeding payment date. Each maker, surety and endorser hereof, jointly and severally, wa~ves demand, presentment protest and notice of protest fw nonpayment, and furtha ,.~rres to any eatens~on of t~mr of payment, e~ther brfore o~ aiter matur~ty, wi~h~,t not~ce to any of us; and to pay all costs of collection, indudioy s .~sonabk atrorney's fee ~n t!~e event of any defa~tt herevnder, and hereby sevcrolly waives all benefit of Fwmestead and eaemptio~ under 1he tw+stitutioo ~d laws of each Srate of thc Umteii S~ates, 3s aya~nst this obliga~ion or any eare~sion or renewa? hereof. ~Yitness Ihe hand and scal of each party. . „ + . , ~ , s/ Narrv W. Trout ~nu • ' (s~?U s/ Dorothy T. Raeninc~ ~u (s~) ; fi36.45 ) $tate Revenue . • 24, 300 J snd the rformance of the NOW, THEREFORE, the MORiGAGOR for the purpose of securing payment of said sum of S ~ covenants snd agreerc.ents hereinafter expreued, and tor divers good and valuable cons~de~ations, by these presenss, does grant, bargain, se~l, remix, ~e;ease, convey and confirm unto the MORiGAGEE, irs successors and assigr.s, all thal ce~tain lol, piete w partel of land, situate, lying, and being in tha + County of St. i'uCie end State of Florida, descr~bed as fol~ows: Lot 6, 61ock 3, RIVER PARK, UNI"f 3, accordinq to the plat thereof recorded in Plat Eiook 10, page SO of the public records af St. Lucie County _ STATE F~QRlDA ~ oz UOCUMENTARI(,,~':~~STA MP T A X ~ ; c'' UEPT. tiF REYfNUE ~a ~ ' ; ~ c - _ ,,U~ -~•74 • ~ ~r ~ } ~ V V. ~ V ~ . ! ~ N - P.B. ~ . ' ~ E ~lI:~Z - , f O { ' ~ Rf6L,l•'C:J G IN ?As:.iElfi :iF iA}:is D1)E UN CL1SS 'C' lNtAN8i8LE PF~90EI,U_ pRppFFF°, • .°IIRSlIAt'lT TO C1i~PfER 7l-134. ,1CTS (IF 1{~,'L . R06ER POIiRAS ~l CLF~( CIRCti1T OOURT, 3f. W~'.IE ~ ~ ogether with ail and singu:ar the tenements, hereditaments and appurlances thereunto belonging w in snywise appe?q~nir?g thereTO, ~nd ren1~, issues. c~oceeds and proiits accruirsg and ~o accrue from said premises, aIl oF which are included in 1Fx abOVe snd foregoirg desv~plio~ +nd hsbendum. TO HAVE AND TO HOID the above described and g?anted pre+nises vnto the said MORTGAGEE, its svccesson and auigns forever. Md th~ taid :'.ORTGAGOR for ~hei r_____ executws, edministrators and assigns, hereby covenants with the said MORTGAGEE, its iuccessws and sutpm, ,~,~1 _~.h~Y-a Zg Iawfulty seized of the sa7d prem~ses -in fee simpfe; that the same are free, cks~ and dixhsrged frorti all liern and er?cv~ ~ rances in law or in equity, and that they W;~~ a~ their heirs shalt warrmt and defend tfie tiHe to the same to the said :1~RiGAGEE, its successors and au~gns, fo~ever against the lawfu) claims and demands of all persons; PROVIDED, ALYIAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the prom~ssory note hereinbefore destribed and shsl) truly, promptly _ =~•d fully perform, diuharge, eaecute, complete, comply with and abide by each and every tlx stipulalions, ag?eemeMS, condiYwns and tovenaMS of ssid ~ :~~amissay note and of this Mortgage, then this Mo~tgage and the Estate hereby created shall cesse and be null and void. r„o ~ IT IS UNDERSTOOD that the word "Mo+tgagor" whether in the singular or plural anywhere in this Mortg~ge, shall be singvlar if one only • ~ shall be plural joimly and severaily if more than one, snd that ~he word "theh" as used anywhere in this Mortgage shail be taken ro mean "hu;' "hea;' wT~ ~ ~r "its," wherever the context so implies or admits. Alw, that evherever there is a reference in the covenants snd agreemenri herein contained to atry of ~M~~ ~ ~he parties hereto, the same shall be construed to mean as well ss the he~~s, legal ~epresentstivq, iuccesson and assigro (either voluntary by an af tht 1/~ ~ car~~es or invotuntary by operation of the law) of the same and mat the coveoams herein contained shall bind and tFa benefits and edvantaQes Inun ~ the rapective heirs, legal repreu~~atrves, successws and asrgns of the parties hereto. ~ And said Mortgsgors, for themselves and their hei~s, legal representatives, successors and assgns, hereby jointly and severally covensnt and agree ro and with the said MORTGAGEE, its successors and assgns: 1. To pay all and singulsr tFu principal and interest and the various ~nd sundry sums of money payable by virtue of said ptomissory note, and this mortgage, esch and every, promptiy on the days respettively the same severally become due. 2, To psy sll and singu!ar the taxes, sssessments, levies, liabilities, oblgstions and e~cumbrsnces of every n+ture srxl kind now a+ s+id dexribed ` property, cr that hereafter msy be imposed, suffaed, p~aced, levied, w~ssessed thereon, w that hereafter msy be levied or ustued upw~ lhis Mw1Q- age, a the indebtedness ucured hereby, ~ach and every, when due ~nd payable, xcording to Isw, beforo they become delinqvent, and before ~~y interat +~eches or any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME Si~lAll BE PROMPTLY SATISFIED AND D~SCHARGED OF ~ECORD AND THE ORfGI?vAl OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, TNE TAX RECEIPi OR THE SATISFACTION PAPER OFFICIALLY ENDORSEO CR CERTIFIED) SHAIt BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in ihe event tMt a~y thereof is not '6 oa~d, sat sfied and discharged sa'd MORTGAGEE may at any time pay the same or any part thereof without waivi~g ot affecting any option, lien, equity w ~~-~hr under or by v~r~ve of this mortgage and the full amorn? of each and every such payment shall be immediately due and payable and shal~ bear interest . d rr .are of n~ne per cemum per annum and togrther w~th such interes~ shall be tecured by the lien of fh s me.g}age - - ~ v ~ "-r_. ~`i:~.. .-F_~;~>.:~..,'~ a y ~ i~ .i ~ . . . ' . _ _ _ _ , ~«s r=3`'i . . _ 9b _ .