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THIS INDENTURE, Mad~ th~ 7th day of AVquSL 19 '4 bO~^
John W. Shostrid e and Sall Shostsid e his wil~e
• C e Counfy Florida. ~1lffiM~1N detiyna~ed tM "MORTGAGOR." and FIRST FEDERAI SAVINGS AND IOAN
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ASSOCIATION OF FORT PIERCE, • cwpaat~on wy~~i:cd +nd exiuirg undar tM taws ot Ihs U~~r~d Sut~~ of Artwrica and havirp in princip~l plac~ o
bus~MU in ~M City of Fat PNrc~. St. luci~ Cocinry. Flwida. h~roie~aher deciynared +s tM "M028
GEO~. ~
i and I~wful mc~xY o( the United
WHEREAS 1M MORTGAGOR is jwtty indebt~d ro tM MORTGAGEE in the sum of s
States advanced by ~he IAORTGAGEE unto Ihe MORTGAGOR, as evidenced by a cerl~io promissay no~~ of aven dale herewith, oi whic~+ the (ollowinp in
v`o:ds ~nd fqures is a true copy. fo-wit: ~ 1~21026
s 28.000.00 Auqust 7 1974
FoA Pieres, florids,
Fw value rece~vcd, we w ei?he~ of us, p~om~se to pay, without defatcat:on, to the ordcr of FIRST FEDERAI SAYINGS AND IOAN ASSOC~ATION OF
28 ~0 ~0 annum, in monthl ~nstal4 !
f JRT PIERCE a~ fort Pierce,~ fbrida, the aum ot 5---1----' - v.'~th in~e~e~t (rom dale af the ~ete of 9• % pK Y~
245. ~0 2QLt1 I~OV6~@Z ~q 74 and s lik~ sum on ths correspoad;np day of each mo~th tFKre-
~r,ra as iollows: S- on ~he day of
a«er until the whole be fuSly paid.
Each installment first shalt b~ applied in payment of tk+e interest aod Ihen on tha u~paid balance oi the principal sum. tf defiult h made tn tht
~~yneeN of any irutaHment when due, and such tkFault cont~nues 30 days, then at th~ op+ioo of the holder, ar~d without any othe~ nutice. all 1ht remainirg
~~~stailments shall be tive and payable at once. Privilege is given to prepay this nofe in whole w in part at any tima witho~t penalty. Neiti f~slxarancs.
nor accept+nce by tht Fa~de+ thereof after any defauh in any paymcnts hereon, shali be deemed exlension- A late payment tharge of f- • sh+~~ b~
~daed to each installmeM remaining unpa~d 7 days after its due datt, and s like sum sha~t be added 1o each such instalimeat remaining unpa~d 7 days after
each sutceedirg paymeo? date.
Exh maker, surety and endorse~ F+e~eof, jointty and severally, wa;ves demand, presentment protest snd notice of protest fw nonpaYme^t, and fwther
agrees to any extensbn of fime of payment, el~her before o~ ai~er matuc~~y, w~iia..s not~ce to any of Us; and to pay all costs of cofiecsioa, ir+cludlnp ~
~_asonable attaneyi fee ~o the evem of any default herew~der. and hercby seve~atly waives aii bcnefit of homestead u~d exemption under the conslitut'an
.~-,i !aws of each S~ate of +hs United States, as aga~nst this obl~gafion or soy extenY~on o~ renew+~ h~reof.
yy;tneu the hand and seal of each party.
cs~?u
s/ John W. Shortridge ~q
(s~?U
s Sally Shoztridge ~
, $42 . Q~ ) State Revenue
']e 28. 000. 00
NOW, THEREFORE, ~he N10RTGAGOR fw the purpose of secur7ng psymenr of sa~d sum oi S and the performahca of the
cove~+ants and egreemen» heroinafter expressed, and for d~vers good and vat~able co~sider+tions, by thex p~ese~n. does grs~t, baryain, iell, remix,
r~:ease, conveY and confirm unto the MORTGAGEE, its successors and auigns, all that certsin bt, piece ot pucel of land, tituat~, lyirq, and being in ths
Co~nty of $t •~C16 _ ~od State ot flwida, deuribsd as foltows:
Lot 46, Block 48, INDIAN RIVER ES?A?E5, UNIT SEVEN, according to the plat
v> w,.,k tn_ naae 75 of the public reaQds of St,
ii~r~c~a u.. . _ - - - - . . ~
Lucie County, Florida
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o~ a+ pfPT. il YE
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~ _ ~';2 - _ ~ IN PAYII~
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TO ~E CO.. fU~
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~cgether wi?h all and singular the tenemeMS, hereditaments and appurtances thereunto belotgi~g o? in anYr+~ ~PP~*~+~ning thereto, and r~nts, issv~s.
~•oceeds +nd p~ofiti xc.uirg and to accrue from said premises, all of which are 'uxluded in the sbov~ +~d fore~o'^p desu~P~~°^ ~^d
TO HAVE AND TO HQlO rhe sbove described and grsnted premises unto the said MORTGAGEE, its wccesso?s ~nd +ss~9^~ fa~`~• ~ t~
'~.ORTGAGOR fw the ir executws, adminiatratori and assigns, hereby covena~n with the ssid MORTGAGEE, its ~ucusson s++d ~aipns•
,.,j~ --L~-~~--- lawfully seized of the said prem~ses in fee i~mpte: that tne sam~ are free, clear and dischuped from all liens and ~nw~n~
~ ~rances in law o~ in equ~ty, and that theV wifl and th@lr _ he~n ihall wu~ant ~nd defend the title w the s+a+e to the s+id
':.ORTGAGEE, its s~ccessors and assigns, t«ever agains~ the lawful claims and demar+ds of all persau;
~rt Y. P~a^P Y
e~ PROVtDED, ALWAYS that ii the MORTGAGOR shsll ,P ~h a~nd abide byTesch and every tFK
st
pu~+lions. f+9~eeme^~Ia~d'1'°m u'd "~°"e"~^n of ud
~ a~:d futly pertorm, d~scharge, execute, compkte, comp y n
„*om~ssory note and of this Mortgage, thcn this JNortgage and the Estate hereby ue~ted shsll cea~e and b~ rn?~~ +nd void-
IT IS UNDERSTOOD th~t fhe word "Mortgagoi' whether in the singular w plw~l a~ywhere in this Mort9aye. +h+ll be sinpvlu if on~ only and
shaf! be plwa! {oinNy end severally if mwe than one, snd that the wad "their" as used snywhere in this Mortgage sMll be qken to r~ean •"!?Is.•• •'1Krs.•• e
cr ' its." wherover the context w implies or admirs. Also, that whe~ever there ~s • refaente in the covenanri ~nd ayreemeots herein oontsined ro arry of ~~p
rhe psrties hereto, the s+me :hall be construed to mean ss well as tF~e heirs, leg~l represenUtives, svccessors and +uipM (either volunury by K1 of tM
pa.+~es or inwlumary by operation of the Iaw) of the ssme and tha~ the covcns~b hetein contai~ed shall bind and the benefib se+d sdvanN~es inwt ~
~o the respective heir~, leya~ representativd, succeuws and ass~gns of the p~rt~es hereto.
Md said Matgsywi, for themselves and thei~ he:n, leg+l representstives, sucuswrs u~d assi9ns, hereby jointly ~nd severslly coven+nt ~nd ayr~e Q
fo and with the said MORTGAGEE, iti successors a~d suigns: ~
abk b virtue of ssid amissory note, u+d this ~
1. To p+Y all and iu+pular the p~intipsl ~nd interest and the vsriovs and sundry sun+s of rno+~eY PaY Y ~ ~
mortgage, each and every, p~omPtly on the days respectively the ssme severally become due. ~
2. To p+y all snd ~i~g~lar the taxes. auessmenn, kvies, li~bilities, oblipstions and sncumbranus of svery n+?w~ and kind now on s+id d~w~ed
Property, w that hereafter may be imposed, suffered. plxed, levied, a auessed thereon, or that hereaft~r may b~ kvied w ass~sfad Won thk Maq' ~
ege, a tFw indebtedn~ss secured hereby, e~ch and every, when due a~d p+Yabk, accordinp to Iaw, b~fa~ they becor~ dslinquent, and befon any inta~st ~
af;aches a any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAMF SFUII 6E PROMPTIY SATISf1ED AND DISCHARGED OF
RFCORD AND TME ORIGtNAI OFFICIAI DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPi OR THE SATISFACTION PMER OFFICIAIIY ENOORSEO
OR CERTIFIED) SHAII BE PtACEO IN THE HANOS Of SAID MORTGAGEE W~TNIN TEN DAYS NEX1 AFTER PAYMENT; snd in the event that any thereof is ?w? -
pa~d, saYS~ied +nd dixharged sa:d MORTGAGEE may st any t:me pay the same w any paA thereof withovt wsiving w affectin9 ~ny option, lien, equity w
•~;,hr ~nde~ or by virtue of th~s mortyage and the tull ama,nt of each and every such paymem shall be immediately due and p+y+bk and shall bear inferes~
<,o.,, ~Fe dare f~e~eof un~,~ ~a d ar rate oE n~ne pe? cent~m per annum and together w~th ?uch i~+te~est shali be secured by the lien of th s morgtage.
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