HomeMy WebLinkAbout1052 ? CORRBCTIVB IrOR'1~C*AiGB ~
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THIS IN~ENTURE. IN~d~ th~~-_~ d+~ of , t 1 A.D. 19~-.
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of Cf -~uC 1@ , Counry F~aida, htr~inaftw dt~qn+ted ~s 1hs "MORTGAGOR;' ~nd FIRST FEDERAI SAV1t3GS ANO IOAN
ASSOCIATION OF fORT PIERtE. • corp«a~ion «yan~z+d and exis~inp undK tM I~ws of tM Uni~~d Suta of Amerka and havL+p in priocipal placs of
busin~ss in tM City of forl Piarcs. 51. ~ucit CountY. Fbrida• wrtiMftK d~sipru~~d as tM "MORTGAGEE."
37 ~0.~ s~d I~wiul rtwr?eY of the United
WHEREAS th~ MORIGAGOR is ~wtly indeb~ed ro tFw H?ORT(iAGEE i~ ths ium of ~ s Q°Od
S+ates adranced by tM MORTGAGEE unto tM MORTGAGOR, ai evidenced bY s certai~ promluory rat~ of eva~ date hsrewith, oi which s!M to~lowinp in
~ord~ and f~ures b• uw ~oPY. to-wit: i~20995
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~ Fwt Pierc~. f1oRd+. .J tlly 22 • 19 7'4 ~
For value received, 1, ws o~ eitha of us, prom37o pa_y_wi~ f def~lcatwn. 1o the order of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF
FUStT PIERCE al Fort Pierce, Fiwid~, the sum of : with inierest irom dats +t the rate of 9• r76 pe? an~wn. U? "w'+~h~Y iro~all-
324 00 20t Nevesb¢t 19 74 ~ a liks sum on tFa co~resp«~d~o9 day of exh month ther~-
,r,e~rs as follows: S • a+ ~he ~ay of ,
eirer uNii the whok be fvlfy paid. • -
Each installma+t fint sMll be applied in paYment of tM inte~est and then on the unpaid balance of tht pr~„dpa~ wm. If da(auk h mad~ In ths
payment of any installme~t when due. and such defauh continues 30 daYs, the~ at the option of tM holder, and without sny other rati~ilher forcbesrano~.
lnsraltments shall be due +~d p+Yable at once. Privilepe it qiven ro pr~p+y thts note i~ whok or in pah ~t ~ny tu+» without {x~a 1y _
ments hereon, ihalt be deemed exteesion. A late payment charg~ of i~eY-Q. sA+ll b~
nor scceptance by the holder thereof afta any defsult in ~nY P+Y
add~d to eath install+nent remsuuny v~pa~d 7 days after ib due date, aod a like wm ~hall be added ro each such i~s~allment remain7np unp+~d 7 dsYs ~H«
each sutteeding psYme~t date. '
Ead+ m+kar, sv~ety and e~dorser hereof, jointly and severally, waives demand, preaentment protest and notice of protest fw nonpaYme^t• ~^d furthN
a9~ees ro any extensan of time of payme~t, either before w after matvrity, wiihout r+otice ro any of us; and to pav all cosb of colledion, includ~np •
~eesonabk attorney s fee in the event of any defsult hereunder, and hereby severally w+ives all benefit of homeslead and exemp~ion unJer the cor?ttit~fioe
and laws of each S~ate of the United States, as ayainst this obligation or ~ny eztension o~ renew+l hereof-
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r~iitness ine ne.w, e~... r_. .
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ac e R nd ~
~ $tat. aevenue
Np`~11, THERfFORE, th~ MORTGAGOR fo~ tha purpose of secv?ing payment of said sum of i 37-00~'~Q and the performanoe of th~
covenann snd agreementt herei~aft~r expressed. and fo~ d'+vui 9ood +^d valwble conaideraYwns, by thes~ p«~snts. does gr~nt, ba.y+in, sell, remise.
re~ease, conrey snd confum unro Ihe MORTGAGEE. its svcces~on ~nd ssaigns, afl 1Mt certai~ bf, pieat or parcel of land, situat~. IYinp. snd beinp in th~
county of St . LUC ie and sute of Flwida, dew~b~d u followt:
The North 85 leet of the South 245 feQt ot the East 210 feet of the South~est
of the Southeast ot the Northxest ~ ot Section 21, To+~nship 35 South, Range 40
Fast; 2ess the South 10 feet of the East 45 feet thereof~ St. I.ucie Coun~y, Florida.
~ubject to an ease~ent over, on and above the Bast 30 teet thereot, and also sub-
ject to.an easement on, over ,and above the South 10 feet of the East 25 teet ot
the M'est 165 feet thereot. Containing 0.40 acres aore or less.?
This is a corrective aortgage designed to correct an erroneous legal description
appearing in that certain oortgage ot eyen date herewith recorded in O.R. Book 229,
f page 2941, ot the public records of St. Lucie County, Floirida, and upon whic~n in-
~ tangible tax has been paid as evidenced by receipt No. 3~3602.
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R~p - IU MIfYDf[ OF Yl~
rER90NAl ~
NRSWwT TO q~M'~ER ~t-~~.
N:iS ~»iL
~
C~DIR Ct1M~ll1 OOUR~. ST. taiCi~ ~0, RA,
rr,ge~fur with ail and singular rhe tener~enn, hereditame~+ts and +PP~ttt~nces therevnto belorgirg w in +~ywise +PP~rtainL+p N~aeto, and aU ra+ts, issws.
p~occeds snd profin atuuirg . snd to xvue from said premFses, all of which are included in the abov~ and foteyoinp dexriWion md h+be^~'K^.
TO HAVE AND TO HOID the above desaibed ~nd gr+~ttd Wer^~ses v^to the said MORTGAGEE, i1s waessas +~d +~s~9^s f°~we~• w~
h10RTGAGOR iw their executors, administnton and suigns, herebr coven~??n with ~I+. sad MORiGAGEE, ia sucuss«s +nd +~sipM~
rhat they are _ lawfully seized of tFie iaid pre+nises in fee ~impk: that tl?~ ssme ue kN, clesr u~d diach~ryed from all !km ~nd «+cunt
' brances in Iaw or in cquity, and that the V will and thellf hein shall warraot aad d~hnd tM titb to tM sun~ to tlw aid
~ h10RTCaAGEE, in successors ~nd sssiyro, faever sgsinst the lawful dsims and demands of all persom:
~ PROVIDED, AlWAYS rhat if the MORTGAGOR s1?a~l p+y unto the MORTGAGEE the promissorY not~ F~a*+~^befon dac"b~ ~+~y' PfOf^~~y
~ a~d fvtly perform, ditcharge, eaecute. comptete, comply with and abide by esch and every the stipulstaro, ayreemenb, a,nditions and covan+ori of s~id
~ ~romissory note and of this Mortyage, then this IlAortgage and the Estate hcreby veated sh+lt usf~ ~nd b~ nu~~ +nd void•
' IT IS UNDERSTOOD that the word "Mortya~or' whether in the tingular or plwal ~nywher~ in this Mwtpay~, sMll b~ sinyvlar if one only and~~'
~ shal9 be plvnl jaMly and uver~lly if more than one, and tF~st the word '9heir' ss used anywht?e in thi~ Mort9ays sh+ll be t+ken to ms~n "1?is.° "hers,"~~V
~ cr "in," wfierever tM context so implies w ad+n~ts. Also, thst wherever there is a refere~ce in tM ooven+nb ~nd sp~se*nenb berein aontairwd to u+y of
ri,e panies hereto, the s+me shsll be cautrued to mea~ ~s well u the he'us, kysl representativef, sucuuws and assip^t (~ith~ rd~^tuy by act of th~
~ parties a involuntary by operatio~ of t!x law) of the san+e and that the cove+~+nn her~in oonta'~ed shall bind a~d the berNfin u~d advantayes irwn
ro ~he respec~ive heirs, kyal reprexmativa, successon and au•g~s of the part'MS hereto.
And sald Mortgagon, fa themselves and their hein, legal rep?eientatives, succeswn and ~ui~ro, her~bY lointly and swerally cown+nt u~d ~pra~ ~
ro and with the ssid MORTGAGEE, its watsso?s s~d +ss~9~s:
1. To psy all and tirgvlu the principsl and imerest and the vsrian +nd sundry wms~ ma~eY P+Y~e bY virtue of ssid praniuwy note, u~d this ~
maty~ge, esch and every, promptly on tM days rapectiveFy the same sevsrally lxcome
2. To pay +11 ar+d s'w+yular the taxes, auesune~n, bvies. liabilities, oblipstions and a+cumbr+noes of tvery n+hx~ +^d ~d ^O1"~ ~+'d
~ prope~ty, w tM~ hereaher msy bs u++posed. wffa~d. Placed• kvied, a~aeuad thereon, a that kaeaftN may be kvied a ~sseswd upa~ thi~ Mo~q~
age, or ttn ind~biedneu secured herebr, exh and ewry, when due ~nd paysbl~. ~a«d'ug to law, befon they become delinquem, and befw~ any imu~u
a+riches OI allY PlM~~Y n ~fKV~~l~% AND INSOFAR AS ANY THEREOF IS Of RKORO THE SAME SHAII 8E PROAMTLY SATISFIED AND DISCHARGEO OF
~ RECOR~ AND THE ORIGINAL OFfIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, 1HE TAX RECEIPT OR THE SATISFACTION PAPER OfFICIAILY ENOORSED
~~a pR CERTIf1ED) SNAII 6E PLACEO IN THE HANDS OF SA~D MORTGAGEE WITHIN 1EN DAYS NEXT AFTER PAYMENT; and in the evsnt that ~ny thereof is nw
paid, saYtfied ~~d disch~rged sa:d MORiGAGEE may +t any time pay the samt a sny psrt thereof withovt wsiving or affectiny any optan, lien, eqvity or
•~~M under or by virtue of this mortg~ge and the full ~mount of esch and every s~ch payme~t shsll be immediately due ~nd p+y+bk and shall bear interes~
~.om ttie d~re thereof vnt~~ pa~d ar rate oi nine per te~tum per annvm and toyethsr w~th such iMerest fhall be secured by fha I en o1 th's morgtage.
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