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TNlS INDENTUlt't, 1M+dr d+~- 23rd d,y ,f Auaust n-o. ~929--. b.^~+~"
Osavid L Borc rs and Di~ne K__goY~~~9...Yl.l1~
cf St ~ Lucie Cow?fy Florid~. Mraina(ttr d~signat t ~1 FtRST FEDERAt SAVINGS AND IOAN
ASSOCIATION OF FOltT PIERCE, poratan wqan~nd and ~xiss'a+Q w+~a tM ta~ ~•UoiNd~t~It~i~~~u +^d h+`?'^Q in princlial p4w of
busm~ss in tM Ciy of Fort Pierce. ~t. luci~ Counry. Fiorid+. I+a~inaftK desi9~atad ~s tM "MORTGAGEE.••
S B40.0~•"~` and lawfuf nwney of the Unittd
WHEREAS ths MORiGAGOR is justly ind~bt~d to tM MORiGAGEE ~ 1he suA+ of S~s- 9°Od
Sratei advanced by th~ MORTCsAGEE unto tM MORTGAGOR, ~s evidenced by • cer~a~n promisswr rwte of !rf^ ~+ts IK~swith, of wh;ch ~he fdbwinp ln
~:ords and fpures is a uw capy. to-wit: i ~
s 56.800.00 ~ ~ ' : ~ r ~ I0022040
~ P~ August 23 ~y 74
For value receivtd, I. we o~ ei~her of us, promise ro pay, w~:kout defalcation, ~o the wdcr of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF
FORT PIERCE a1 Fort P~erce, flwida, ~he sum of ~.S6~8O~•~~ with inreres~ fr6m date ~t the rate of .4.~~2'.6 p~ +n+~i+^~. ~^thly install- •
:~-.enn +o~ioW~_ t497. ~0 ~?he 2~tt1 d,y of Oetober 19_7~ u+d s like avm on ti~e cwrespondinp daY of each month ti~e~e-
a+trr uMii thc who:e be fully paid.
Each ~~uraitr:xnt-f~nt shaU be spp~ied in payrnant of tM interest a~d tlxr. on the unpaid b~lsnce of the pris~c~p+l wn+- If defwh is m~ in tM
F.~~ment of any instaU+nent when dw, and such deia~lt tontinues 30 days, then at the opYa~ of 1he 1w+oer, and w~~hw?~ +^Y o?her ^otic~, all the rem~inirq
;,stafimcnts shall oe dur and payabk at o+?:e. P~iviiege is g~ven ro p.epaY thi~ no~e in wl,ote a in part at ~ny Ywna witiaul pen~lty. I~eitha fotebsarant~.
~:or acceptante by the hotde~ thareof after any defivit in anY paYrmnts hereon. sh.n11 be deemed extension. A bte p+ymen~ d+u9s of 2f 4.85 sMll be
_ i~ed ta each installment remain:rg unpa~d 7 days ~fter its due Jats, and s I~ke sum shall be added to esch such inatallmeM rem~a?i~g w+p+~d 7 days aha
each ~ucceed~n9 paY^x^I date.
Each maker, wrety ~~d e+dwser hrreof, joiMly and serer~lly, waives dema~~d, p~esentment protest and r.ntice of pro:esl for nonpaymeM, and fwthM ~
yarers to any eatens~on of •ime ef paymral. e~ther brfore ar after maturity, wi~hout notke to anY of vs; ~nd ro pay aii coets oi cotlect+on, includ'ug a
:e+~~nabk attorneyi fee in the event of any defsutt hereunde~, and-hereby uveraNy w.~ves all ber:cfit of Fart~estead snd eaempfion ueKler the constitWion
~•,d laws of each Srote oi ~he Umted Sutes, a: agai~st th~s obt~gation ot any extensan u renew~l F?ereof.
Witness Ihe Mnd and seal oi each party
si David L Borchpr~ _ ls~W
(sE/?q
s/Diane K Bor~?+orQ _ lsEwU
tsEl?t1
~ ~85.20 ) State Revenve ~
~~an~ tameYd~•o~ig+waLaole)
~ a~, 56 , 800. 00 and the ormance of N~.
NOtN, THEREFpRE, the MORTGAGOR fw ehe e of securi ent of sa~d wm oi S ~
covenanb and agreements hcreinafte~ e:presscd. and for divers 900~ u?d valwbk consideratans, by these presenls, does ~ant, b+~p+ia, stll, remise.
re:ease, conroy snd coniirm unto the MORTGAGEE, its successo+s ++~d ~ss~9ns. +11 tha~ cer~+'^ tot• P~ep °r Para~ of land, situate, Ipug, and bein~ in 1FM
Couny of st .~.uCl@ snd Stat~ of Fbr~ds, dexribed u fdbws:
~.ot 6, Block 178, 90UTH FOI2T S?. LUCIfi U~iIT 11, according to the Plat thereof
recorded in Plat Book 15, Page 15, Public Records of St. Lucie County, Florida;~
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iogether with all and airgular the tenements. FKreditsrt+~nri and appu~taoces thertunlo belagirg or in anywi~e ~pperl~Gw~p thKtlo, and sll ?M~. hsws,
;,.oceeds snd profin scauing snd to acvue irom said premites, all of which sre inciuded in the sbar~ and fateyoirg destription and 1+~ba+du'".
TO HAVE AND TO HOID the above dexribed and granted premises uMO the s~id MORTGAGEE, iri ~uaessors and ~ssiD~s forevM• l4d ~ s~b
thel= - heirs, executors. admin;strators and auigns, hetrby cwen~nts witn the said IIIIORTGACsEE, its succRSSOn ~nd ~sip~
~.tORTGAGOR for
tia~ _Ltl@Y are Iswfofly se::ed o~ the said prerna~s in fee simplr, tFat the same an fts~, cl~ar uid fi~l~Osd fra^ +11 Ikns ~nd ~ntun~
t•ances tn I~w w in equ~~y, and that theliL_ will and thelY heirs shall wmu?t and defend tM titk b the s~m~ fo the s~id -
ORTGAGEE, its successon and auigns. fwever against the lawfut ctaims and dema~ds of d) persons;
PROVIOED. AlWAYS that ~f fhe 1111ORT6AGOR sh~il psy ~nto the MQR:GAGEE the promisiory note he?ainbefon dew~ed +^d sh+ll trvly, pranpt~l?
a~d fulfy perfwm, d~scharge, e~eecute, complete, cwnp:y with and abide by e~cF~ ar~d every tM stipulatioro, sgreemenri, co~ditions ~nd oove^~^K d s~id
prom~ssory note and of this Mortgsge, tixn ihis ?Jlortgsge and the Estate haeby ~eated sh+ll oeaat a~d be nuN ~nd vad• .
IT IS UNDERSTOOD tFMt the word "Morfqsgor' whether in fiie sir~ulu or phxal ~nywhe~e in this Mort9apt, sh+ll b~ sit+pular if on~ odY and
shatl he ptur~l joinfty and severally if more thsn one, and th~r the word "thei?" as used ~ywhere in this Mort9spe shall be fsken to mssn "his." "h~rs.° 6~t~
c. '•in,° wherever rhe con~e:~ so 3mpl~es w admin. A1so. ~hat wherever there is ~ refaence in th~ co+~e~+nn ~nd ~yreernenn herein confs"und w sny of
rhe panies hereto, the same shal! be cuutrued to mean u well as the heirs, kyal representatives, waessors snd assiD^s (ejiM~ vd~^~+rY bY +d ~
parr;es w imotunrsry by operar'an of rhe !aw) ~f the same snd that the covensnts herein contsined sh~ll bind and the bemfi» ~d advantpss irMw~
~o the respective he~rs, ky+~ representatives, wccessors and ass'gro of tl~e parties hereto. '
/~r,d ssid Nbrtgagors. fw themulves and tl+eu hein, leg+~l representatives, wocessors +od +ssi~s, haebY ioint~Y +nd severally oovsnaM a~ +pr~e w
to and with the said MORTGAGEE, in wtcesso?s ard astgrq: _ ~
1. To pay atl and sirgular fhe ~xincipsl and ir?terest and tl+e vuious and w~dry wms of moneY P+Y+~ bY PfO~^w~Y
rr,ortgape, each and every. PromPtly o~ tFK days respect~vety the same sei~raly becoen~ due.
2. To paY ell and s~ngc,ta. the taxcs, sa~essrne.~ts, kvies, liab~liries, obliyst~au ud enaNnbranus of every natur~ ~nd kind now on ssid d~wibd ~
a~ope~tY, w that haeafar msy be imposed, wHe.ed. P~sced, kvied, a ss~esad thenon, a tl~at Fwr~afta b~ kvied or asress~d epon this Mort~ ;
age, w fhe a+debtedness stewed herebY, esch and evetY. when dve ard p+Ysblt, xtadiny W law, bsfore tlKy bcconr delinq~ruN. M~d bsfon ~toY ~t
a:taches ~x a~y penalty is irxvrred; AND INSOFAR AS ANY THzREOF IS Of RKORO THE SI1ME SHAII bE PRO~MPiLY SATISf1ED AND ~ISClIARGE~ Of
~ECORO APID TNE ORIGINAI OFfICiAI OOCWMENT (SIKH AS, fOR INSIANCE, THE TAX RKEIPT OR iifi SATISFACTION PAPER OFFICIAILY fNDORSEO
OR CERTIFIED) SHAII dE PLACE~ iN 1HE HANOS Of SAIp MORTGAGEE WITHIN TEN DAYS NfXT AFTER iAl"MEPIT; and in the event th~t any thereof is nol
pa~d, sarsfisd snd diuharged w:d MORTGAGEE may at any t~me psy t{~e same a s~ryr part thereof witl+oul wsiviny w affec*'ug a~ option, li~e~, p~rity or
•+9ht ~nder er 6y v~rtue of th~s mortgage snd the f~ll amount of rxh and every wd+ WY~~ sh+~~ b~ '^w'~ed'+~eh' due ~"d WY+bk +r.d shall be~r interest
:,o•.- e}, dare +re-ce' r.a d~• ~ate nf nine per tentum pK annvm and 1t~ether w~th suth interes! shall b! secwed b~ the 13en af th s morgrage.
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