HomeMy WebLinkAbout0774 ~ t ~2?.~ T ~
, i,_~
iH15 INOENTURE Md~ ~M_ 23rd ~y of Au_~~t A.~. t9
74 ~ bNv+~~n
ClY~1e W. Mitchel~and Vgrlean Mitche~l, hi~ wife
cf ~t • t.uCi@ Counry fiorida, hetsinaftK d~ ' Mr YNURiGAGOR," and fIRST fECERAI SAVINC,S A~ LOAN
at '/1~mriu ~nd lyvinp its p:~nciP+~ P~+a °f
ASSOC.IATION OF fORT PIfRCf. a oorporatan or9aiu:ed +od existinp unde~ 1 1a t%oi tIQ tMda~ f~~~,P•
busirwss i~ t~+e City of Fat Pi~c~. St. luci~ Cow+y. Florida, hae+~+fia d~ay^+ted ~s t?r "MORTGIWI ( .
YVFi~REAS tM MORTGAGOR is jvslly indebqd ta tM MORiGAGEE i~ 1hs wm of i 16 , 9ood s~+d tawful rrc.rwy of ~he W+itad
S:ares advar.ced by ths A10RTGAGEE unte fhe MORiGAGaR. as evwienced by ~ ceriai~ prom~ssuY no~~
oT1ve^ d+te he~ew~th, of wh:cA tM fdbw'uip h
..o:3s and f' wa u a uw copY, towi~: ,
16,00~.00 ~ 10022039
s • fwt Pkto~. Flarid+. Allc)l1St 23 19~.4
Fw valus received. 1, we w either of us. prom~se ro paY. without defe'ca~ion, ta the wdrr of FIRST FEDERAI SAVINGS AI~tD tO.~N ASSOCIATION OF
:::RT PIERtE at Fat Pierce, fbrida, the sum of S 16-~~`O~ - v.:th ~nt2reft (rcm Jate at the rate oi 9•T-"~s p~? +~+~+m. ~'~^~~y'^~~~~~'
:,<:,rs ~i fof!ows: f 152.~~ on the 2Oth day of ~etober__, 19 74 ~ a like sum on the correspa+d~np d+Y of each ma+th therr
~;rrr unrd ~ne whole be rv:ly pa~d. ~
Each ins~altme~t first sAall be spp~+ed in payment of tF~e interest and then on rhe unpa7d b~lsnos of the p~~~apd ~xn- ~f defwh a mad~ in th~
F.,;~nrnt of sny instapmant wht~ due. u+d auch de~ault ccMNnues 30 days. then at the optrx? oi i'~e ho~der. arsd withaut any Wher not:ce, a!! the remaini~g
,:u;allmcna shall be due and payabte at once_ Privileye is givm ro prep~Y th:s nate i~ whoie a in p+r1 at u~y tims w~tfiout pe~+l~11. Neithat fwabe+tanc~.
r.or acceptance by the ho+de~ thcrcwf afte~ any defavtt in any paym~en?s he~eo~. sna1l bs de~^'~d exte~sion. A I~~e paYmn?t ch+r9e of S 7• 6O s~+~~ ~ _
,d:ird fo rech ins~allment remaining unpsid 7 days ~iter its d.ie date. and s I~ke sum shall be addrd 1o eaci~ suth inslallment rer~ainin9 w~p+~d 7 dsYs ahet
each succetding paYment date.
Eah m+kd. surety and enc~o~ur hereof. jantly snd severally: wa~ves demand. p~cu.+n++ene P~otes~ ar+d ^otice of protest ior nonP+Yma+t, snd furth~
,,3rees ro any extens~on of t~+.~e of ~+ayment, e3ther b_fore o. afte~ matwi?y, w~~h~ut nar:ce ro any of us; and to psy aIl cos~s of colkc~iw+, ir+dud~ •
~c.,sonable attarney's fee ;n tM event of a~y defauoT hereundr~, s+id hereby se~enify waives all benefit of F~omestNd and exer.?ption w~det 1he ooastihr~ion
a•~d laws ef each S~ate oS !he Umted States, as a3air,st this obi:gation or a~y eatens~on or renewal hereaf.
w;mru ~tie t,dnd ~+d saa~ of each parr;. g`Clydg W. M~tCh@ll
R~?U
(sEnU
:!Verlean Mitchell ls~?U
Ise~t~
~ ~ 24 ~ 00 ) State Revenve .
;s.en,ps-rsnte~red~ara~g~na?~?o+a! 16,OOQ.00 ~nd rhe pe.io•~++n~e
yOW. 7HEREF(~RE, the MORTGAGOR fw the purpose Of SK'Jf1ng piVTM~ J; sa+d auin of s Of ths
covenanb and agreemen4 hereinafter expreued, and fa divers good a~d wlwb!e cons~der+tions, by these prtsenh. dess 9~+^t, b+~9~in, sell. remise.
.~'esse, convey and confirm vnro the MORTGAGEE, its successors snd au~g~s, aU that cc~ain bt, piece u p+~cel of land, situate. ~Y~^y. +~d b~~^0 ~~!S
Co~,:try of • Lucie ~r+d Sute of fbrid~, deur3bad u idlows:
Lot 10, Block F; HAR1~'D~IY HBIGHTS ADDITION +1t3, according to the Plat theYeof on
File in Plat Book 9, Page 46, Publ.ic Records of St. Lucie County, Florida, ~
o ~c'
. y o °o ~ .
- °~'ArcG,~
.
o po M,~,r~` o~ -
r
~ `'O ~ ~s?~?,
oF ~ ~'2 ' 00~ l~11~ IR T~
{ ~ ~ S
d` ~i al AM'M ~ M!l~1t ~It l~1y.
~ ~ 1~~~ 10 ONAR 11-1~1. ~i ~ 3l~1. ~j~~
i ~ ~OiEt lOQ~
~ CfF~ pllOtill 1ACIE CQ, F!A
0~,~
/
rogether w~th a{I and s~ngular the tenements, hered=tsments and appv?~a~ces tF_ere~nfo bebrging or in anywi~s ~pPa~1+Mr~ M~rN°. +~'~d all rents, issws.
crocecds and profen acuu~ng and ro accnx from said p~em~ses, al~ of whKh ue inclwied in the above snd fae~+9 d~~+~W~ ~~MA'
T~J HAVE AND TO HQID the above deu.ibed and graMed p~en7aes unto the said MORTGAGEE, its s~+cces~ws snd +u~p~s fo~~~''K•
h'~ORTGAGOR for - thelY hens, sxecutus, administraton and su~gr?s, hereby cwens~+~s wFth the s~id NbRTGAGEE. ~ts wocess~s
t^at they_ are _~„~,f„tiY xi:ed of the saed premises in fee simple: thst the ssine srt free, ckar and dadwp~d fran all liero snd u~a+n~
~rances in law or in equ7ty, and that~cy wi{I and their hein shall wur~nt ad defend the titk b the s+me b fh~ s~id
:",JRTGAGEE, ~rs successors and assgns, fuever sgainst the Iswfvl claims and demands of +1~ Persa+s:
PROVIDED, AIWAYS +har Gf the MORTGAGOR shatl psY ~nro fhe MORTGAGEE the p.omiss«Y no~e he~einbefde d~scs~d and sMU uvly a°°~w
~-;d fully pe~form, d+xhsrye, execute, complete. tomp~Y with artd ab~de by each and every the stipubtioea, aprear~en», tonditioro and ooven+o~s of s~id
o.oT,asory note and o} this Mwtgage, then this jJlwtgage +nd the Estate herebp ueated shall cease ard be cwll and void.
IT IS UNDERSTOOO thst t},e word "Nbr~gagor" whether in the s~r.~ular w plural anywl~ae in this Abrt~+ge, shsll bs sirgular if one onh? +nd
ih.atf be plural jointly snd severally if more fhan wrc, u+d thst the wad °rheir" as uxd +nywhe?e in th~s Mort~e sh~ll be taken eo rnean "his
~'7iers,."
.,i+s." whcreva the contezt so im~lies or admi!s. Also, that wherever thete is a refpence in tfie twen~MS +nd spraeme^n herein aontainsd to aM/ of Oort3
ti:e pa?ties hereto, 'he same shall be const.veA to mesn u well as t!~e hein, iegal representatives, w~cesson +r~d +iigro (~+~r ~du^t+~Y bY the
parrie~ w in+rolunfsry by operatiw~ of ttx lav+r) of the same and that fhe coYSnants herein tontsined shall bied aod the benefrt+ +nd +drama~s iM+t~ ~
~o the respective he~n, kgal representarives, successws and sss`gns of the put~es herero.
Md ssid Nlortgsgoa, fw themselves and thei~ heirs, 1e9s1 rep•escntatives, successon and asagro, he+ebl? I~+NY and severaNl? ooraw+~ and a~~e t~y
fo and with the s+id MORTGAGEE, its s~ccesso~s ~nd assigm: r
1. To p+Y all aod sirgular tlx principal ud imerest and the vuious and wndry yims of mo~er WY+~ of s~'d pr°'^'sswY ^°~e. +~d ~ ~
mortga9e, e+ch u~d ererY, aa^Ptly on the days rap~aively the samo severally bctoms due.
2. To pay s1I snd singula~ the ta:es, assessme~!s, levies, li~bilities, obligati«a ~nd enaMnbranaes d eveeY ^~~e and kind ^o'"~ sa~d d~~
P~~~Y, a tlw~ heresha may be imPoud, tuffe.ed. P~aced, kvied. w sssessed tF~~on, o? tMt hereaftu ma~ be kvied a~ssessed uPa~ t1~is 1Mwq~
age, a the indebtedr+ess secvred he~eby, esch and every, when dve ~nd p+y+ble, aaord'ug ro Isw. 4efor~ ?heY becane delin4ueM• ~nd bsfon +n1? iMaeN
atr_thes a any penstt~r is incv*red; AND !NSOfAR AS ANY TMEREOF IS Of RKORD THE SAN1E SFlAII 6E PROMPTII/ SAi15f1ED AND DISCII/?RGED OF ~
R'CORD AND THE ORIGthAI OFfICtAI DOCUMENT (SUCH AS. FOR INSTANCE, THE TAX RKEIPT OR iHE SATISfACTION P/1PER OffK~ALIY ENDORSED
OR CERTIFIED) SHAII 6E PUCEO IN TNE NANDS OF SAI~ MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMEN7; and in the evem th+t any thereof is no~
pa~d, sat-s(ied snd discharged sa:d MORTGAGEE may at any time pay Ihe same or anY p+H thereof witFa~t waivinp or ~ffectinq ~ny option. 1'~en, eqvity p
•~~h v~de. o~ ~y ~•;rs~e of th~; mortgage and the full smwnt of esch and evcry such payment shall be inrnediateiy d~e snd paYable and shall bear interest
r,•p •.,~.e..~ .a~e of nine per centum per anrwm snd together w~th such interest shall be secwed by Ihe I~en of fh s To~~~a~e
- - - ~
- - ~
_