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THIS INDENTURE. AA+d~ the 22nd day o( `ju~l A.Q. 19~.,' belw~~n
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Allen R. Pierce ~nd Irene J P#;=~~~_„qf: r,f_.~ -
of 'St L.IIG~e Cpunfy ilo~ida, hereinaher designateJ as Ihe "MORiGAGOR," and FIRST FEDERAL SAVINGS AND tOAN
ASSOCIATION OF FORT PIERCE, a corporation o~ya~i:ed a~d ex:s~inp under th~ I+ws of tha Unlted Sta~as of Americ~ +~d having it~ principal placs of
bvsiness in tM City of Fort Pierc~, St. lucie County, Flwida, hereinafter desiynated u tM "MORiGAGFE."
WHEREAS the MORTGAGOR is justiy indebted to the MORTGAGEE in the sum of S23 ~ , g~d and lawiul monry of thc United '
Srates advanced by tM r'~10R1GAGEE uroo the MORTGAGOR, as evidrnced by a cer~ain promiuo~y nole of even date herewith, of which the following in
..o:ds and figures 7s a truo copy, to-wit: ° ~
s_23,000.00 ~ iQQ20996
fort Pierce. Florida. JulY 22 19~~.
_.:.L.,... ,~<<>t.~~:~..~ ~6~. ~..~r nf F1RST FEDERAI SAVINGS M1D LOAN ASSOCIATION OF
~,)~T PIERCE•a! Fo~f•P~erce, Florida, .~he'svm ~f,S~~~Q w~th ~nrereat irom date at Ihe rate of 9~ S 5'o per annum, in monthfy instal6
.-::r: as fo+!ows: f- zO1 on ~he _?D~l day of _ NOV@0~2_ 19_Z.~.._ and a like sum on the carespax)~ng dey of eacbl+aonth there-
~~~e: u~.~i{ rix whole be luily paid. .
Each insrallment f~rst ahail ba app~~ad ~n payment of the interest and +hen en the unpa+d balance ot the p?~~+c~pa~ sum. If default is mads in the
:.~~~~+znt of any ins!ailment when due, and such defavit tontinues 30 days, then at the opt,on of the holde~, and without any other not~ce, all the remaining
,sre~lments shall be due and payable at once. Privilege is given to prepay this note in whole w in part at any tinu without penalty. Neither forebearance,
~.~r acceptance by the hotder thereof after any default in any payments hereon, shall be deemed extension. A late payment tharge oi ihall be
_!,:d fo each insrafl~nenf remaining unpaid 7 days after iis due da~e, and a like sum shall be added to each sexh insiallmeM remaining unpaid 7 days ~fter
. ~;h succeed~og payment da!r. _
Each maker, surety and endorser he~eof, jointly and severally, waives demand, presentmeM prolest snd notice of protest fw nonpayment, a~d further
~~rees to any extension of t~~ne of payment, either oetore or afier maturity, without noti.e to any of us; and to pay all casts of co~lxtion, iacludi~p a
~sonabte artorney's (ee ~n ihe event of any drfawt Fwceunder, a~d hereby seve~al!y waives all benPiit of homestead and exemption under 1Fx constitution
;i laws of each S~ate of the Un~ted States, as agamst this obGgation w any extension or renewa: hereof.
Wi~ness the hand and sea! of each party.
s/All~ F. Pierce ~~y
- (s~?U
s/Irene J. Pierce ~?u
(sEau
_ ~~.50 State Revenue ~
ei'~wp~ KM»eH~i.arai~iw~. wo~e)
NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of sa~d sum of = 23 ~000~0~ snd fhe performance of the
co:enanu and agreements here~~after expressed, and for divers good aRd valvable considerations, by these prcsents, does graN, bargain, sell, ~emise,
,:e~se, convey and confirm unto the MORiGAGEE, its successors ar+d assigns, atl that certain lot, piece ot parcel of land, situate, (ying, snd beinp In ths
: ounty of $t. L11C~6 ~nd Stste of florids, deacribed as follow::
Lot~lO, Block 82, LAKSWOOD PARK UNI? 2, accoYding to the plat thereof on file in
Plat Book 10, Page 56, Public Records of St. Lucie County, Rlorida,
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~ - DOCUMENTARY,~~:-. STAMP Tl.)' ~
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D~PT. UF nEYENL'E 3 ia ~
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~ o~e~her wrth ai: and singular the ter.ements, hereditamenri and appurfances thereunto belorging w in snywise apptrtainirg therefo, and aU renti, Iuues,
~ ,~eceeds ard profits accruing and ro accrue from said premixs, all of which are included in the above and fore9oing description and habendum•
~ TO HAYE AND TO HOLD the above described and granted premises unro the said AhORTGAGEF, its suttessors and +ssi9ns fwever. Md tM said
~ :'ORTGAGOR far --~e~----- heirs, executws, administrato.s and asaigns, hertby covenanb with the said MORTGAGEE, ks successon ~~d a~s?9ns.
ffi ~•,3r ~eX-~~- lawfully seaed of the wid premises in fee i~mple; thst the same are fr~e, ckar ~nd disch~rged f~om ~II liens aod ancwn~
~ :=•ances in law or in equity, and that they W;ii a~ their heirs shall wunM and defend the title to the ssrn~ fo the said
~ :'.02TGAGEE, its succeuors and assigns, torever againsf the lawful claims and demands of all persons;
PROVIUEO, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore desaibed u~d shall frvly, promptlY
a-~d tuliy perform, d~scharge, ezecuse, complete, comply with and abide by each and every the ttipulations, agreements, ca?ditiom and tovenanq of ssid
~ .•er.,~sw~y note and of this Mortgage, ~hen this Mortgage and the Estate hereby veated shall cease snd be eull and void. ,
IT IS UNOERSTOOD that the wwd "Mortgagor" whe~her in the singular or plural ~nywhere in this Mortgage, sh~ll be ungulsr if o~e only snd oC f
;~a s^a!i be plural jointly and teverally if rr~ore than one, and that the word '9heir" as uted anywhere in this Mortysge sMll be taken to mtsn "his," "hen," o~b
~ ~~rs," wherever the conteat so impties or admits. Alw, that wherever there is s referente i~ the covenants and sgreements herein contained to any of w
~ i~e parties hereto, the same shall be construed to m=an as well as the heirs, legal representative~, successors and assigns (eithe? voluMary by ~ct of 1M ~
i parries or iovoluntsry by operation oi the law) of the same and that the covenants herein contained sF~ll bind ~nd the benefiti and advaMS~es inun
~ ro the respett+ve heirs, legal reprcsentative:, successws and afs'gns of the parties hereto.
~ And said Mwtgagors, for themselves a~d tfieir heirs, legal representatives, succeuas snd ~uigns, hereby joiMly and sever+IlY coven+M ~nd +yree ~
- +o and •Nith the said MORTGAGEE, irs successws and assigns: '~7
~w 1. To pay all and singular the principal and interest snd the variovs and tundry sums of money paysble by virtw of said promissory note, ~nd this ;
m,ortgage, each and evcry, promptly on the day~ respectively the ssme severally become dve. '
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~ 2. To pay all and singvlar the taxea, assessme~b, levies, li~bilities, obligatian and encumbrarxes of every nature and kind now on s+id describsd P~s
property, a rhat hereafter may be im4osed, suffered, plated, levied, w sssessed thereon, w tMt hereafter m~y bs levied or sssessed upon this Mort¢ r~
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~ age, w the indebtedness secured hereby, exh snd every, when due ~nd psyable, xcordinp to kw, beiore they becan~ delinqwnt, and befort u~y i++t~rest ~
~~!~ches w any penalty is incur?ed; AND INSOFAR AS ANY iHEREOF IS OF RKORD THE SAME SHAII BE PROMPTIY SATISFIED AND DISCHARGED OF
~ aECORD AND THE ORIC,INAL OFFICIAt DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFIGAIIY ENDORSED
CR CERTtFIED) SHAIt BE PIACED IN iHE HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event thaf any thereof is rat
~ ca~d, satsfied and d~scharged sa:d N10RTGAGEE may at any time pay the same or any part thereof without waiving w affecting any option, lien, puity or
~ •~~h~ under or by virtue of this mor!gage and the full amount of each •nd every such paymeM shall be immcdiately due ~nd payable ~nd shall bear interest
~.o, ~,~c +~-ec! , .ate of nlne per centum per annum and together w~th such interest shall be secured by the lien oi th's morota~e.
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