HomeMy WebLinkAbout1386 ~ • o ~t ; ~ . ~ J r ~VS~ ~
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THIS INOENTURE. Mad~ th~-~ ~Y ~ July . ,9~
Bill w. McDonald s?nd Carol B• McDona? s M tQ
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af St• LL1C~~ C~n~y F{crida, Mt~iMft~r detipn~tad ss tM "MORTGAGOR," ~nd FIRST FEDERAL SAVINCsS AND IOAN
ASSOCIATiON OF fORi PIERCE. ~ corpor+tia+ or9an3zed a~d ~xlatinp w~d~r th~ l+ws of fM lMit~d St~tq of /4nKka ~nd Mvug Ns principal plau of
buae~u In tM Gty d foA Piwa. St. luci~ Counry. Florida. Mrein~ftK d~sip+w~~d ~s tM "MORTGAGEE."
18.4~.~ ~nd lawfui ~tOnty of ths United
WHfRfAS tM MORTGAGOR is Krttiy indebt~d to th~ MORTGAGEE in tM swn of = 9°Od
S~ar~a advanced by tM MORTGAGEE unta tM MORTGAGOR, evid~nc~d bY a ctrai~ promiswry no~e of twn dats hs~~with, of which tM folbwinp in
w«ds ~~?d fiyur~s is a trw copy. to-wit: ~~0,'Zl~?04
. 1 B_ d00.00 o~ NO~ ---'l~
_ fwt P{at+. F[orid~. i~~---
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For valve rec~ived. i, we or either of us. P~on+ilg 4~.~~ defalwioe. to ihe wder of FIRST fEQERAI SAVINGS AND IOAN ASSOCU4TION OF
~ORT PIERCE at Pwt Pierc~, flwida, the wm of = • wiih intercu (rom date st the wN of ~2,~294 per +nrx+n+. in n+o^thiy irotslG
~re~n u foilows: 3 175.~0 an the 20t•tiay cf _ SePt@1b@! , 19. 74 and a lik~ tum an the oorrospondinp d~y of each month ther~-
arter until the whole be fuliy paid.
E+ch uwt~iim~nt f~nt sMtl bs appt7ed in paym~nt of 1h~ interest and ~hen a+ tM unpaid balanca of tM p~incipal wm. If default it nNd~ in th~ •
payment of a~y ins~allment when dw, and wch defa~h continws SO days, then st the option of ths holdcr. snd without any oti+er notic~, aIl the ran+ininp .
~nstellments shalt be due and pay~ble a~ onu. Privilags is yiven to pr~paY this nota io who4 w in put at any tim~ witho~t pa?~Iry. Neither for~bearuw.
no: saeptance by the holdN thereof afte~ any defauH in anY paYma+ts hetaon, tMtl be deemed extensio~. A I~M p~yment ci»rp~ of i--"~-=. ~II b~
added to each instaltment remalniny w~p~~d 7 days ~Iter ib dw dats. and ~ I+k~ sum aF~all bt added w each s~ch ins~allma?t ~em+ining w?W~d 7 days aNa
each succeeding paYmeM d~te.
Each make?. w~ety and e~doner hereof, iointly and taverally, waives dNnand. p?essnlment prorqt and notice of protest for no+~p+Y~^L ~~d
agress to any extensan of time of payment, e~~her befas o~ ahw inatwity, withouf nofice to any of ~n: ~od to p~Y all cosri of collection, k+cl~dinp a
reaso~abk atton+ty i fee in the went of any default hercundtr, snd herebY uvera~~Y W~~ves al~ bsnefit of F?ort?estead u+d eaemption under ths tomtitutiaf
and laws of each State of the United S~ates, as syainst this obt~gsYan or any exte~uion o< <e~ew~~ Fx~eof.
Witneu the hand snd seal of eacl~ partY•
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NOW, TNEREFORE, the MORTGAGOR iw the pwpose of sec~reng p~yment of sald wm of ~ ~d tM perform+nu of th~
covenand arw! ~greeme~?n hsrs'u~.+fter cxpressed. and for ~vers 9ood and valwble cons~de~~tio~s, by th~ p?ess++ts. does y?~M, b+ry~in, s~ll. r~mise. -
release. convty and confirm unfo the MORTGAGEE, in svcuuors ~nd assiy~s, +U that certain lot, p+eas or p~?al of (and. situa». IYinp. +nd b~in0 in 1M
Covny of St . LuC ie _ and State of fbrida, desc?ibd as follaws:
Lot 83, PARKWAY PLACB, a subdivision as per plat thereo! on
tile in Plat Book 4, page 7, public records of St. Lucie
County, Rlorida?
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eogether with all snd singul~r the tenemeMS. l~erediuments and appurtances there~nto b~bnpiny or in a~ywiw +pperf+kdnp tM?eto, arw! aU r~nri, is3va.
~.oceeds and prof~n acvuirg s~d to xcrue from s~id Pre+^ises, sIl of which ue includad in th~ abow ~nd for~yoirq d~wiW~°^ s^d h~b~d~t^'
TO HAVE AND TO HOlO the above described ar~d ~rsnted premues uMO tht said MORTCsAGEE, its woceswn +nd +ui0^s iwewt. A^d ~~b
~ h10RTGAGOR for ~e1Y - heirs. ~xecuton, adminutraton and auigro, herebY coven+nri with tht s+'d MORiGAGEE, its sua~ssors and sssipti.
~ rhat h x aYe tawfully se~zed of ths i+id Pre+^aes in fe~ simplr, thst tM sanw ar~ fn+, clNr +~d ~ fra^'~ all liuu ard «+c~o-
orances in law w in equ~ry. rnd that thev wi11 snd their _ hein sMll wurant u~d defend th~ tNk to ths same to tM ~+~d
~ 'AORTGAGEE, iri wccessors and auigns, forever a9~inst ths lawfu{ dsi~s u+d demancls of +II paaa»:
PROVtDED, ALWAYS tMt if tht MORTGAGOR shall p~Y unto tM MORTGAGEE the promiswrr not~ F~rtinbefort d~strib~d ~nd shall ttvly. prwnp~N
~ ar.d fuliy perfwm, dixMrge, execute, compkle, comply with +nd abide by esth u+d every the stipul~tans. ~preemenri, conditio~s aed coven+nts of s+'
o~om~~sory note and of this Mo:tgsye, then this Mortga9e and the E~tste hereby ueated sF»II ce~s~ and be nu~~ ~nd vo~d• o0
IT IS UNDERSTOOD th~f the wad "Ma~yepw~~ whethe? i^ the sirgular or . plw+l anywMr~ in Nws Morty+pe, shall b~ sinpvlu if on~ only ~nd
~ in thh Mortqay~ sh+ll be fakN+ to me~n ••his,•• ••hars~
shatl be plural jointly and ssveraly if more than one, snd that the word "~heir' as u~ed anywh~r~
~ or "in." wfieraver the context so implies o? sdm~ts. Also, that wherever there is a r~ferenc~ in tM covenanri and ~presrnenb htrei^ wr~t~i^sd fo anY of
~ rhe pa~ties hereto, the sam~ ihalt be constrved to mein as well as the hein, lepal r~pessntatives, suaceuors +nd +ssipns (eitFw~ voluntary by ~ct of tM
parties w imroluntsry by ope?+tion of the law) of the ssme snd thst the cov~nu?tf here~n containad shall bind ~rd tM b~nefin u~d adv~nt~p~s iia+r~ Q
fa the respective heirs, leyal representstives. wcceuas u~d ass°ym of th~ puties herero. ~
- I r eHntsYrves, waessors and asaipm, herebY jointly and itv~rslly oovsn~rN and aprw ~
And ssid Mortyayors, for themselves and theb heirs, ky+ ePr
~ to and with tM said MORTGAGEE, ih wcctsso~r +ed +ssi9^s: . ~j
„ 1. To pay all and sirgvlar tM piu~cipal snd intaest and the vsria?s and wndry wms oi moneY WY~ bY virtw of s+id promiswry note. ~+d this ~
n+a?9+~e• ~ach a~d werY. P~«^Ptty on the days respectivelY the sams sewr~lt~r becam dw. ~
Q. j0 ~y ~fld fi11QV~N IFN fil[p. ifNtf~M~H!• ~iV1t~. {~ibl~ltlf!• Oa~~110fN N1d MQNtlbfilltlf OF ~Ylfy MfIMf N1d k{fld f10W Ofl f~~ dfMl~
. prop~~ry~ w tMt hKeafler m+Y b~ impaed• suff~red. P~+ad. Iwied. a~meaad therwn, or tFwt ha~iha m+Y b~ kvi~d or ~s~awd uPo~ tl~is Morq-
aye, or t1» k~debtedneu secured hereby, each and every, whan dve a~d payabl~. ~aordirg fo law, befon they Mcomt d~linqwM, and btfon +iW ht~nst
~ attachef ot any penaky ~s ~ncu~~ed% ANU INSOFAlt AS ANY THEREOF IS OF RKORO 7ME SAME SHAIt SE PROMPTLY SA115f1EO ANO DISCHARGED OF
s
~ RECORD AND iHE ORIGINAL OFFICIAI DOCUNIENT (SIKN AS, FOR fNSTANCE, THE JAX RKEIPI OR 1HE SATISFACTION PMER OFfIC1AllY EN
OR CERTIFIEO) SHALL BE PLACED IN THE NANDS Of SAID MORTGAGEE W~THIN TEN DAYS NfXT AFTER PAYMENT; and io tiw wem that any ther~of a not
paid, s~Ysfied and distha~ged sa:d JNORTGAGEE m+y ~t any time p~y tFK i+me or ~ny p+rf thereof wifhout w~ivirg or affectinp u~y optio~. litn, p~ity or
~,omt h~ d, ~r t~,eo ve of t~~is~ morta +9~f n~net per untum
per ~nnum and toqethe~w~h s~chrimere~t shal~l
beed secw~ y the
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enbof aha merg~be ~r int~rest
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