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TMIS INDENTIiRE, Mad~ ~he 28Lh d+Y of JUn@ A.O. 19 74 be~w~
A
Fugene Herndon and M~r-y ~rnd~. his wife
of $L. 1.1lCle C~nty fior~da, haeinaftq d~sgnarcd as tM °MORTGAGOR:' +nd FIRST FEDERAL SAVINGS APiD LOAN
ASSOCIAl10N OF FORT PIERCE, a corpaa~on organi:td and ex~sting w~d~r the laws ot ths U~ited Su~q of M+tric~ and Mvirg its pincipal plac~ of
t~s~ness in tM City ot Fwt PiKC~. St. luci~ County. Flwida, hereinshc~ desqn~ted as tM "l~GA~O. ~ ;
WHEREAS the MORTGAGOR ~a jus~ly indtbted ro the MORiGAGEE in the sum ot S ~ 9ood and lawfui mon~y of the Un~ted i
S~arei advanced by the ~JtORIGAGfE u~to ths MORTGAGOR, as ev~uanczal Ly s csrta:n promiuary no~e of even date he~ewith, o( wh~ch tM fol{owirg in ~
,.c:ds ~nd fyures ~a a uve copy, ~o-wi~: ~ 10020963 ~
s lOO~QO~.Oa i
Fwt Pierc•. fbrida. 1¦ne 28 _19~4.
for valve receivrd. 1, wc or e~shcr oi us, prom~se to pay, withovt defaicarion. ~o the order of FIRST FEDERAL SAVINGS Atv~ IOAN ASSOCIATION OF
- J3T PIERCE al Fwt V~zrce, fbrida, the svm oi 1~ f_0~=~ w~~h ~roerest from date at the rate o~ • 75 °•o per aonum, io monttdy insull-
rs as (o?!ows: 5-949 _ on thr 2Oth day of _ AtlsllSt ' ~q_ 74 and a like sum on !he co~respond~nQ day of each month therr
airrr u~vil the whote bt fuily paid.
Each installment firtt shall be app~~rd ~n payment of the inrereat a~d then on the unpa:d ba~ance o( the priM:pa) tum. If defaul! is made in the
~,,,nrn~ of any insraf:man~ whe~ dx, and such dr?auh conunw~s 30 daya, ~hen at the optio~ of the hofder, ~~d wirhoul any other not~ce, all the remain3ng
,~~srall~nents sha:l be due and payable at once. Privilege is g~ven to prepay thia note in whole or in psrt at any time without penalty. Neithtr forebNra~Ke,
no• acceptance by the holder ~F+ereof after anY default in any paYmrrin hereon, shsH be deemed exte~s~an. A late payment charg~ of i-~-.-45 shd~ b~
+e
,.i~_•d w each tns~aliment ren.aini~y unpaid 7 days aftz~ its dve date, and s like sum sf:all be ad~'ed to eath such irtstailmtnl remaining unpaid 7 dayt a ter
e succeeding payme~t date.
Each maker, surety and endorser hereuf, jointly and seve~al!y, wa~ves demand, presentment ptotest and notice of protest for nonpaY~*~eN. a++d further
.~;;e~ to any eAtens:o~ of ?ime of payment, either before or after maturity, without not;ce to any oi us; +nd to pay all tosts of coltectior~, int!udiny a
r_~sonab!e attwnry's fer in the eve~r ,f any default I~creundtr, ai?d hcreby sevefally wa~ves all benefit of homestcad and exemption under the constitutan
: d!av~~s of each State oF the Un~ted States, as a9a~nst this obiigation w any ea~ensicn w renewal hereof.
Witness the hand and seal of each parry.
(SE/1U
5/ Buaene Nerndon _ ~wu
A. ~wU
Sl Ma?rv /l~ierndon cs~w
i ~150. ~ ) State Reverwe
`~e 100 . 000. UU
NOW, THEREFORE, the MORTGAGOR fo? the Furpose of stturing paymtnt af ssid sum of = , snd the pe?formance of the
c~venant3 and agreementt heteinaftcr e:presscd, and fo~ divers good a++d valuable cons~deraNons, by these presents, does grsnt, barysin, sell, ~emise,
:~:e.:se, convey and coniirm unto the MORTGAGEE, ~K successors and ass~g-+s. alt that cenain lot, piece ot pucel of Isnd, s~tuatt, lying, and beirg in ths
County of $t. ~.11Cie and Stare of Fbrid+, deuribed as follows:
Lots 7 and 8, Block 15, REVISBD PLA2 OF RORT PIERCB BEACH SUBOIVISION,
as per plat thereof on file in Plat Book 8, page 29, of the public
records of St. Lucie County, Flozida
~ ~ STATE Fi-OR~EDA ~ -
UJCUMENTARY `--~:;~$TlaM?? Tf,_> ~
j c~ iJE.°i.OF F<EYE+`iU: `~'y y f
~ _ =.;il;11'Ti~'~~.'.-~:~~ ~ J U. 0 ~ ~
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o - flE~ffliEO 3~~- :ti 9•••~F~lT Of 7AXF~
OUE Ot~ CLAS: 'C IN1AFiGIB~~: 'E ~.:~.AL P f~ P E K
N~
pUR51JANi TO I~YFIER 71-13s, ACiS ~ 197L~,~~
iOCfR PORRAS
~ CrERR ~IRq1R GOURf. Sf. LIICE 00~ F[A~
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•cgeiher with alt and singular tbe tenemcnts. hcrcditaments and appvrtsntes therevnto beiWging W in anywife appert~ining thKl10, and all renfa, iswes. -
:•oceeds snd p~ofits accruing and ro xuue from said prem~ses, all of which are induded in the above and forogang desa~Ptan ~i'-d habendum•
TO HAVE AND TO HOtD the above dewibed snd granred prem~ses uroo the said MORTGAGEE, iM successws +nd +ui9^s fpever. Md t!N sald
~.tORTGAGOR for -Lh61Z ~;rs, executws, administrators and asi~gns, hereby covensnts with the s+id MORTGAGEE, ~ts successa~s +?~d +uip^s• i
,~~i _they are ~aWf„iiy ~;I~ of the said prem~ses in fee siR~le; ~haf the same are fre~, cku ~nd dixharged fran all liens and encwn-
crences in law os in equity, and that t~y will and Lhel= _ heirs sha~l wsrrsnt and defend ths title to the s~ms to tlK said
ti~,ORTGAGfE, its successws ~nd auicns, forever against the tawful cls~ms and dem~nds of all persons;
PROVIDED, ALKAYS that if tF. MORTGAGOR sha~l psy unto the MORTGAGEE Ihe p~am~isorY no~e ha~itwtfore desaibed snd shall fn+~Y. P~a^'Pt~Y
= i f~cly perfc:r~+. d»che~ge, erecute, comp:de, vxnply with and ab"de by each and every the stipulatiuns, agreements, c«~d~rions and covenann of said
~ ~-~ssory not. and of fhfs Mortgs~e, then this Mortgage and the Estate fiereby vested shall csase and be nu11 snd void•
~ IT IS UNOERSTOOD that tFx wad "Mwtgag^r" whether in the singular or pl~ral anywhere in this Mortgye, ahall be sinyulu if ona only +nd G~d
S~a;1 be plural jo~ntly ar+d severally if more than one, snd that the word "the7r` as ~sed anywhere in this Nbng~ge shsll be taken to mesn "his;' "hen:'
~ its;' wherever the contexr so implies w admits. Also, that wherever there is s reference in the covensnts ~nd ~9~eKne~b he«'^ oo^~+'^~d to ury of
~~e parties hereto, the same shall be consrrved to mean as well as the hein, legal rep~esentstives, suaessors and auiyro (either voluntuy by act of tM
pa~.~es o~ involuntary by operatan of the law) of tF+e same ar.d that the covenants here~n contained sh~ll bind and the benefiri and adwnf~qd inure
tt,e respective heirs, kgal representatives, sutceuors and ass~gns of the psrties hereto.
• And said Mor~gs9o~s, for themselves and their heirs, legal represe.~atives, svccessors and auiQns. hcreby joi~tly and severally covenant and a~ree ~
+o and with the said MORTGAGEE, its successors snd auigr?s:
1. To pay sll snd singular tAe principal and interest and ttie various and sundry wms of money payabk by virtue of said promissory note, and this ~
Tcrrgage, e+ch ~nd every, promPtly on the days reipectively the same severalty become due.
2. To p+y sll and singvlx the t~:es, suessmcnn, levies, li~bilities, obligstions ~nd entumbrsnces of every nsh+re and kind now oo s+~d dew~ed ~
croperty, or that hereafter may be ~mposed, suffered. Placcd, kvied. or aueued lhereon, or that heresfter may be levied w assessed ~pw~ this Morp-~
age. or the irdeb+edneu secvred hereby, e~ch and erery, when due and payabk, accordirg to law, before they become delinquent, u~d befor~ ~ny inte~esl
a•~aches or any penaltY is i~twred; AND INSOFAR AS ANY ?HEREOF IS OF RKORO THE SAME SHAII dE PROJNPTLY SATISFIED AND DISCFiARGED OF
:~CORD ANG THE ORIGIntAI OFFICIAt OOCUMENi (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SA?ISfACT10N PAPER OFfICIAIIY ENDORSfD
C= CERiIF1ED) SHAII BE PLACED ~N THE HANDS OF SAID MORTGAGEE W~THIN TEN OAYS NFX1 AfTER PAYMENT; and in the evr~t !hat any thereof is not
c~ d, sar sfied and d~scharged sa:d MvRTGAGEE may at any t~me pay the same o~ a~y psrt thereof without wsivir?g or affectin9 ~ny optiw~, (ien, equily or
•~qM vnder or by virr~e of rh~s .*o.eg~sge and t4e full amoum of exh aml every svch payment shsil be immediately dve sod pay~ble and shall bear interest
t._• a,• ra+e of nine per centvm Qer annvm snd roge~her w~th suth imerest shall be secuted by Ihe lien of th s morora^ye
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