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iHIS INOENTURE, Md~ the 14th ~y o( AusuSt ' A.D. 1974 bttween
James O. PeteYS and Marv H. Peters, hfs wife -
o~ St • L11C ~@ ~p~~y F~a~, htrtin~ftK dssignared .af the "MORTGAGOR," ~~+d FIRST FE~ERAI SAVINGS AND IOAN
ASSOCUTION OF FORT PIERCE;:a cwpw~tion wpani:ed ~nd ~xi~~in~ under th~- laws of tlos Unitad SraeN of Americ~ ~nd Mvtrp i» principal pl~c~ of
bu~~n~ts it~ 1M City of Fort P"vrc~• St. lucie County, florida, h~rcinaiter designated a~ th~ "MORTGAGEE."
WHEREAS th~ MORTGAGOR is justly ind~bted to IM MORiGAGEE in the sum of S 25,0~•~ yood and lawful money of the Un~ted
S+ates advancsd by the MORiGAGEE umo the MORTGAGOR, as evicle~ced by a ceris~~ promiuuy no~e of even dats herewith, of which the followi~p i~
~o~ds and fi9urst i~ a tr~s copy, to-wit: ~ 1~21~9
s25,000.00
iwf Pierce, Ft«~, August 14 ~y 74
For valus received, 1, we w eithe~ of us, p~om:se to pay, without defatcation, to ~he order oi fIRST fEDERAI SAVINGS AND LOAN ASSOCIATION Of
~URi PIERCE at Fort Plerce, Florida, ~he sum of S 25~~~.~ - w;ih inte~es~ <<an date at ~he raro of 9•7~ per annvm, in monthly instail-
: r,rs +s follows: S23$•O~ - on the 20thd.y oF September ~q 74 a lika sum on 1hs cwrespoodiog day of cach month thert-
,~ter until the whote be f~lly paid.
Each inatallment first shall be appf~ed in paYment of the interest and thcn w~ the urtpa~d bal+nce of the p~inc~p~~ wm. If default h mad~ tn ths
s~~i~nent of aay installment when dve, and such default con~inues 30 daya, then at the eptan oi the holder, and without any other notice, all the remsininy
;~,sfallments shall be due and payable at once. Privilege is given lo prepay this note in whole or in p~rt at any fime without penalfy. Neither 4orobear~nte,
rur acceptance by the ho~der thereof after any default in any paYments hereon, sMll be deemed exteniro~. A lets paymc~t cha~ye of jll sh~~~ be
.,dded io each instellment remainiog unpaid 7 days aiter its dus date, and a I~ke sum ihafl be added to each iuch ~nstaltment ~em+ininp u~paid 7 days aftsr
each sucteeding paYment date.
Each maker, surety and endorxr hereof, jointly a~d tever~lty, waives demand, presentment protest and noNce of protest fw nonpayn+ent, and further
agrees to any extension of time of psymeM, e~ther befors or after maturity, without not~ce to any of us; and to pay a~~ costs of cotlection, incl~d~ny s
reasonab~e attorney's fee in the even~ of any default hereurxier, and hereby severally waives all benefit of homestead and exemptio~ under the constitvtion
~~~d laws of tach Sta~e of the United States, as against this obligation w e~y extension or renewa! hereof.
V1litness the hand and se~l of each pa~ty: S~J~eS Q. Peters
lSE/W
(S~+U
s r y . e er s ~y
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i_~37. 50 ~ sfate Reven_~e ~
cara++,ps eunceHee eir a~ya+s~-++ero) 2 5 000 00 -
NOW, THEREFORE, the MORTGAGOR for the purpose of securing psyment of ssid sum of i ~ • ~nd the performa~ce of fhs
co•renants ~nd agreeme~?s here~nafter expressed, and for divers good and valuabie considerations, by thes~ p?ese~ts, does y~~~t, bar9sin, sell, remise,
refease, convey snd confirm unto the MORiGAGEE, its successors and suigns, all that ceruin lot, piece or ps?ce~ of Isnd, situate, (yiny, and beirg in ths
Couny of St. Lucie State of florida, dew~bed a• follows:
Beginning at the Northeast corner of SB`i of SB'~ of ~w~~ of Section 19,
Township 35 South, Range 40 6ast, run South 170 feet to a point; thence turn
and run West 30 feet for point of beginning; fron said point'of beginning
continue West 180 feet_to a point; thence turn and run South 80 feet to a
point; thence turn and run Bast 180 feet to a point; thence tuzn and run
Vorth 80 feet to the point of beginning; said land being also described
as L.ot 3 of an unrecoYded survey of part of the SB 4 of SB1} of SW 4 of Section
19, Township 35 South, Range 40 fiast.?
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±cgether with all and singular the tenements, hereditamenri and appurtanccs thereunto belonyiny or in a~YW~ ~PP~t+~^+^p ther~~°• ~^d rents, isswi,
,-~oceeds and profin xuuing and to acuue from said premius, alI of which ue included in the +bove snd fore9oin~ d~w~ption ~nd Mbe^d~u^•
TO HAVE AND TO tIOID the above desc?ibed end granted premiscs unto the uid MORTGAGfE, itt successon and +~siy~s fo?~v~. Md ths aaid
".tURTGAGOR for thelr he;rs, executas, ~dministratus and auigns, hereby covenanq with fhe s~id AhORTGAGEE, its succesw?s ~nd +~s'~ptn•
1~~1 _ they are _ ia,,,,f„~~y ~ized of the said premises in fee simple: that ti+e s+m~ +t~ fre~, cleer u~d diuh+rped from all liens and ~nt~nr
~ thev w~ll and th~ ir heia shall wurant ~nd defend ths title to tho ssm~ to ths said
c~ancea in taw or in equity, end that
~ .1pRTGAGEE, its auccessors and assigns, fwever againat the lawfu) claims and demands of all persons; ~
~ PROVIDED, AIWAYS thst if the MORTGAGOR thall psY ~nto the MORTGAGEE the promiuo?Y not~ he?~i~befwe described and ~i~+ll truly, promptly
~-d fuRy perform, d~xharge, execute, complete, comp~y with and ab7de by each ~nd every the stipufatior?s, ayreements, cood+~~o~» •nd cove^+^n of s.d
c.om~ssory rate aod of this Mortgage, then this Mwtgsge and the Estate hereby uested shall usse aod b~ nu~l ~+~d vod•
~ IT IS UNOEttSTOOD that the wwd "Mortga9or•• whether in the singular w plwal anywhert in this Mwtyape, shal) b~ sinyulu if one only ud
shal! be plural jo~ntly and ~everal(y if mae than one. +nd that the word "their" as ~ted +nywhsr~ in this Mortpaye shall be taken to me~n "hb;' "Mrs," d
cr "its," wherever the context w implies or ad+nits. Also, that wherever there is a reference in ~he cov.n.na +nd ayreem.nn 1~ere~n conuined ro sny of ~*1
+he parties hereto, the ~me sMll be constrved to mean ai well as the heirs, kgil tepresentatives, successon +nd assiQro (either voluntary by acf of th~
pa~ties a involunt~ry by operation of the law) of the same and that the covenants hersin contained sh~ll bind and 1FN benefiri u~d advsnfapes inw~
'o the resptctive heirs, legal represcntatives, sutceuots end au°yns of the psrtros hereto. •
Md said Mo?tg+gors, for themselves snd theu heirs, legal repreuntatives. ~uccessws and auiqns, hereby joiMly and uvaally covenant and ayr~e
ro and with the iaid MORTCsAGE~, its successors and assigra: ~
1. To pay ~II ~nd iirgular th~ principal and intare~t and the v~rioui ~nd sundry wms of rrwneY paY~bls by virtw of said promissory rate, and thb
mortgsge, escl~ ~nd every, promPdY on the dsys respectivefy the same sev~rally becortK dve. ~
2. To pay +II and singula~ the tsxei, auesu»ems, kviei. Ifabilit~d, obliyaNons and encvmbr~nces of every n+tw~ and kind now oe s~id d~wibed
property, a that hereafttr may be imposed, suffered, placed, leviad, or assessed thereon, a thst heteafta may b~ Iwisd a a~es~ed upon tF~& MortQ-
age. w ttw indebtedness seevred hereby esch and every, when dve ~nd p+y+bk. ~ccordir+p to I~w, befw~ th~y becorm delinqwnt, and befor~ ~ny int~rat
- atreches w sny pen+ItY ~s incurred; AND INSOfAR AS ANY TNEREOF IS OF RKORD THE SAME SHAII 6E PROMPTLY SATISFIEO AND DISCHARGED OF
~ECORO AND THE ORIGINAL OFfIC1Al DOCUMENT (SUCH AS, fOR INSTANCE, THE 1AX RECEIPT OR THE SATISfACiION PMER OfFIC1AUY ENDORSED
OR CERTIFIED) SHAII BE PLACEO IN THE HANDS OF SAID M4RTGAGEE WITHIN TEN DAYS NEXi AfTER PAYMENT; and in the event that ~ny thereof is not
~ na~d, saYsfied and discharged sa:d MORTGAGEE may at a~y t~me psy the same w any psA thereof withovt waivirg o? affettinp any opt~oe~, lien, eqvity or
•~qh; unde. o+ by v~riue of this mortga9e and the full +mount of each and every s~ch payment sh~ll be immedi~tely dve and pay~bk a~d ihall bear interesf
rhP da!e rhereof ~~n~~~ pa d a+ rate of nine per centvm per ~nnum a:~d toyethe~ w~th such iMerett shsll bt setvred by the lie~ of th s morgtage.
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