HomeMy WebLinkAbout1938 2~~~~1
THIS INDENTURE, Mad~ ihs lst day of August A.~. 19?~ be?w~en ;
Richard A. ?.inck and Frafic ne ~8 n , h s~r te s
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ot Ct _ 1_LU~iB Covnty Ftaid~, hereinafter dst~~ated ~i the "MORTGAGOJt:' and FIRST FEDERAL SAVINGS AND tORN
ASSOCIATION OF fORT PIERCE, a corpo?+t~on a9anued and existinp u~~der th~ lavw of the United Sftl~s of Ametica and Fuvinp itt printipal plac~ of ~
bu~~n~u in ~h~ City of fwt Piercd. St. locie Covnty. Flaid+, hereinattsr d~~i9aa~ed as tM ••MORTGAGEE:' - {
WHEREAS tM MORTGAGOR is ju~tly indebtsd to the MORTGAGEE i~ the sum o1 S 3O t0~ , 9ood snd I~wful money of the Un~tcd
Srafes advuxed by ~he MORTGAGEE unfo the MORTGAGOR, as evidencrd by a cena:n promiuwy oott of even data herew~th, of which ths followinp in
r,ords and (igures is • frue copy, ~o-wit: ~ 1~21012
i 30,000.00
_ Auaust 1 Yt~:~~'
Fa value received, 1, we or either ot us, promise to pay, wiihout deielcation, to the•order of FIRST FEOERAI SAVINGS AND IC~N A550CtAT10N O)
30 000.00
RT PIEQCE at fo~t Pierce, florida, the sum of 5--:-------- w~th ~otarrst (~om date et the rate of 9• S°.6 per b-nu+~. M ~an~hly :natal4
, 263.00 20th November 74 '
er~:a as ~oLows: S- on ihe day of _ , 19_ and a like sum on the carespoodinp 4+Y of eac~~ mwth t4err
~~ter u~~hi ~he whole be fully paid.
Each installment firtt ~hall be appl~ad ~n p+Ymtnt af the inte~est and then on the unpaid balante of the pr~ncipal sum. If defevlt h mad~ in the
E ai~nent of any installment when due, and such default tontinues 30 days, then at the option of 1he holder, and without any otFxr ~otice, all t!,e rert~sitiny `
~;~aTallme~ta shall be due and payable at once. Privilege is given to prepay this rwte in whole or in part at any t~rtK without peoa:ty. Ns:ther forebearancs. .
13 15 `
nor acceptante by the holder thereof a4ter a~y default in any payme~ts hereo~, shall he deemed extensio~. A late payment tharge of f, • sbs~l b~
:;d•~d ~o each installment remeining unpa~d 7 days afler its due date, and a 11ke sum shali be added to each such installment ~emain3ng w~p~id 7 days ~htr
~aih s~ctetding paYment date.
Each maker, surety and endorser Fw:col, jol~tly and severally, waives demand, presentment protest and notite of protest fw nonpayment, snd furthet
a3rees to any extensio~ of t;me of payment, e~ther before or affer matur~ty, w~thout not:ce to any of us; and to pay all costs of collection, intludirg ~
~~~sonabfe attwneyi fee 7n ~he event of any defa~!t hereur~der, and hereby se~eratly waives a!I benefit of homestead and exemp~ion u~der the tonstitulion
a~;d ~aws of each S~ate oi the U~~ted States, as against th~s obligation or any eatension or re~ewal hereof.
VYitocss ~he hand and seal of each party.
(SEAu
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ranclne inc ~
~ _ _ 45 .00 ) S+ate Revenue
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30 000 00 t?b rformence of tl,~
NOW. THEREFORE, the MORTGAGOR fw the purpose of sccuring payment of ssid sum of S • • Pe
c::venants and agreenxnts hereinafter expreued, a~d fo? diver• good snd valusble considsrations, by thes~ presen~s, does grant, baryain, sell, remiss,
re:ease, convey and confirm unto the MORTGAGEE, in successo+s and auigns, all that certain bt, piece or partel of ~and, sitwte, lyinp, and beirg in tM
Counry of St . LUC i@ ~nd State of Fb?ida, described ~s follows:
Lot 3, Block 104j PORT ST. LUCIE, SECTION 27, as per plat thereof on file in Plat
R.ook 14, pages SA thru SC, public records of St. Lucie, County, Rlorida
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~ ~ M PAYMENf OF TAXES '
DUE ON CIASS 'C' INTANGIBtF PfR90i'lAl. PROPER(Y, ~
~ PURSIlANT TO CHAP•~4 71-134. lICTS OF 19/1. ~l }
~ RGliE7 ?OITQ.A; ~ _
Cl.ERK CtRQllf OO~iRT. Si_ LuCIE 00., ilA ~
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~ ~cgether with all ~nd singulsr the tenements, hereditame~ts +nd appurtsnccs thereumo belonyirg or in ~nywise apperlsinirg theteto, and dl renb, isfuas, ~
~ p-oceeds snd profits acuuing and to acvue from said premises, all of which arc bx~uded in the sbove ~nd fore~anp desaiptan and habendum. _
y TO HAVE AND TO HOID the sbove described and granted premises unto the s~id MORTGAGEE, i» successors and auiyiu forever. Md tM s~id
~ the ir
ORTGAGOR for - he~rs, execu~ws, admmistroton and ass;g~+s, hereby covenann with the aid MORTGAGEE, its sucussors ~e~d auiyro,
~ ~har _theY aXe - lawfully seized of the ssid premises in fee simpk; that the same ~re free, cku and disthsrged from all liens and ~ntu~
s~ c~ances in Isw or in equity, and ~hat they will and t~lr hein shall wu~ant ~nd d~fend tM title to tht same to th~ s~id
4= '+!ORTGAGEE, its successors and assigns, forever sgainst the tawfvl claims a~d demands of all perionss
t PRO~IDED, ALWAYS thet if the MORTGAGOR shall pay unto the MORTGAGEE the p~omisswy nole hereinbefw~ dewibed and thal) frvly, ptomptly
x' a~d fully per{orm, diuharge, execute, complete, comp~y with and abide by esch and every the stipulations, sgreemenb, caxlitans +ed covenanis of said
~ ::ro~r.~isory rate and of this Mortgage, then this Mwtgage and the Estate hereby created shsll cease and be nvll and void. o
~ IT IS UNDERSTO00 that the word "Nbrtyagor" whether in the singular o~ plursl ~nywl?ere in fhis Mortp+ge, sMll be sinpula~ if one only and
~ shall be plursl joiMiy ~nd sever~lly if moro thsn one, and thaf fhe wad "tF~eii' ss used anywhere in this Morty~yt sha~l be isken to mea~ "his," "hers;' ~
~j or "its;' wherever the context w implies w admits. Alw, thst wherever there is a refe?ence in the cove~anri and aQraemenb Metein contai~ed to am of ~
~ rhe panies hereto, the same shsll be comtrued to mean as well as the heirs, legsl rtpresent~tives, wccesson and assgns (eitfier voluntary by atf of tht
~ parties or involuntary by operation of the Iaw) of tFu same and tMt ~he co~en,nn hereio conrained sF?.II b~nd and U+. beo.fin .nd advanu~es inw.
~ +o the respective he'as, legal representatives, successo?s ~nd ass~gns of the psrties hereto. ~
~ And said M.ortgsgors, for fhen.selves ~nd their heirs, leyal representatives. wccessws ar+d assiy~s, hereby jointly and severally cov~+?ant and pr~e ~
fo and with the said MORTGAGEE, its successon snd +ssi9nsc
~ 1. To psy all snd sinpular tlx principal snd intcrest snd the var~s and iundry sums of money p+y+bk by virtue of ssid promiswry nofe, ~nd this
~ mor~gsys, each ard every, promptlv on the d~ys respecfively the s~me severally become due. r
~ 2. 7o p~y •II and sing~lar the fs,ces, auessments. ~wies, liabilities, obligations ~nd encumbranus of every n~twe and k'mt! raw o~ said dacrib~d
~ prope?ty, w that here~fter m~y b~ imposed, suffe~ed. plated, levied, a assessed thereon, w that hereafte~ m~y b~ kvied a a~sess~d upon- this N{alp-
~ age, a the indebtedne~s secured hereby, each snd every, when due and paysble, xcordinp to iaw, befwe they become delinquerH, ud b~for~ aM? int~rest
~ a!rzches w any penalty is incurred; AND INSOFAR AS ANY TNEREOF IS Of RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND OISCHARGfD OF
P.ECORD AldO THE ORIG{NAl OffIC1Al DOCUMENT (SUCH A5, fOR INSTANCE, THE 1AX RECEIPT OR THE SATISFACTION VAPER OfFIC1ALlY ENDORSE~
~ OR CERTIFIED) SHALL BF PtACED IN iHE HANDS OF SAID MORTGAGEE WITNIN TEN DAYS NEXT AFTER PAYbSfNT; and in tF?e eveM tAst any thercof it nW ;
s~~ pa:d, sat'siied and dixharged sa:d MORTGAGEE may at sny time pay the same w any psrf thereo~ wi?hout waivirq w ~ffectirg sny option, lien, equity or ;
~ •~~ht unde~ w by virtve of this mortgsgt and the ~ull smount of each and every svch payment shsl) be immediately due snd payable snd sh~ll bear int~rest ~
c~,,< +he date r~-.e•eo~ v~+~~ ca d ar rate of nine pei centum per annum and toyeiher w~th such interdt shall be secured by the tie~ oi th s mo~gtage.
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