HomeMy WebLinkAbout2801 _ _ _ _ _ _ T ~ /
~ ~91549
THIS INDEN1URk, M~ ~n. 13th ~,y ,i September -~•~~?4 ~~n~a
Han~ R. Martinsen and olivi~ A. Martinsen, his ~rite -
of St ~.ucie County Flwit~, ht~titif~M dtsipn+ ~s ~h1 " T fIRST FEDERAI SAV{NGS AND LOAN
ASSOClATION Of fORT PIERC~. s corpoation wpanu~d and eai~~ny ~x+dK ~M I~ d th~ Un~»d Sahs of /lnwriu +nd MvioO ~~Pr~P+~ P~ ~
bu~ir?ps in t!» Gb of faf PiKC~. St. lucw Co~ory. Florid~. haveln~ha~ ds~ipnatd's~ ~li~'rMAt~RtOdlitiE~"'~'~i , .
WHEREAS tM MORIGAGOR i~ Ivsth i~+d~bted to tM MORiGAGEE io 1M sum.o( , 9ood and tawful ena+ey o~ th~ Un~tod
Stafe~ advanced by the N10RTGAGEE unro the MORi~iAGOR, u widencrd by a ca dat~ htr~with. of which tf+~ fdlowinp in
wwds an,~w~a a aw copy. ww~r. •~~~~t 10021079
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fwt Pia~c~. Florida. ~~.BFton~her 1~ 19~~
Fw ~alve IKN~. 1, ws w eiti+e~ of us, prom:se ro p~y. without def~tcation. ~o ths o~der of FIRST fEDERAI SAVINGS ANO IOAN ASSOCU?TION OF
~ORT PlERCE at Fwt PKrte. Florrcfa, the sum of ~ 27~~~~'~ _ with interest !rom datr ths rate of9•5 °JG pK a~~+~+?. M^+o^thly :..atall-
~„e~~~ u fouo,~: S 236 .00 a, rne 20th d,Y of December .~9 74 .~a . i~t. s~ o~+ th. ~or..sc~~w d+r a4
after until the wtiole be fully paid.
Esch installn+~~t fint shall be +pplied in paymant of th~ inte-est ~nd thee~ on the w+paid b+lance of the piMCipal wm. If de~~uh k r.»de M tht
payment of any ins+allmen: when dw, and svch defauh corstinues 30 diys, then ar the optia~ of tM holder, and without uiy otba no~~ce, s~~ Na rem.~~r~h+p
1r.sullme~ts ahal~ be due aod payabk at once. P~ivile~e is given to prepsY this nott in wholt o~ in px1 at ~ny tirM witho~?1 ~.•~ahy- Al~i~l+sr for~btxai~.
nor acceptance bY ~Re holder the~eof after any default in anY p+Ymenb herew+. sh~N bt dee~+ad extension. A laf~ p~ymenl tFwg~ of i-+i~++Y~l ~
added ~o each inaralunent remaining unpa+d 7 days afta ifs due daN. and ~ Gke sum shall be added ro each such installment remainirg wp+M! 7 d+ri aftN
each succecd'xg paYn+e^t date.
Eath maker, wrety +nd cndorser haeoF. join~ly and seve~atly, waives demand. p~esentment protest a~d nwice of protesf fw nonp~ymen4 a~d A+hMr
agrees ro any extensron of tune of payment, e~~her befwe w aher maturity, wiN+o~t rw~tice to any of us; and to p+Y costs of oolkctan, inciudinq a
reasonable attorney's fse in t!~e evtnt of any defeult lxreundc~, and hereby sev.rall~ wsives all benefit of homestead a~d exemption under tht consdtvlia~
and laws of sach Sta:e of the United States, as yainst this obligstion w any eatension w renewal hereof.
Witneu the hand and se~l of-each party-
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NOW, THEREFL?RE, the MORTGAGOR iw the pwpose of secwing payment of s~7d swn of ~ Pe'fa'^~^'~ °f ~
covenaMS ~nd agreements hereinsiter expressed. ~~d fw divers good snd w{wble considerNions, by fhes~ pesd+ri. das y?ant. buysi~, ull, r~iae.
reteasd,-convey ar.d conf~rm unto th~ MORTGAGEE, its suaeasws and assgns, ell that certain lot, ptea. or p.rce~ of lu+d, siwa~e, lyinp, and b~inp in tM
c«,ney of S t. L uc i e sna Stue of f brid., desc.ibea fdlow.:
Lot 16, Block 126, PORT ST. LUCIE, SECTION 27~, as per plat thereof on file in Plat
Rook 14, page 5, public records of St. Lucie Count;r, Florid a
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together with ~II and sirgulsr tl~e tenement~, hered~tsments a~ appwtances therew~to bebrging a in anywise ~ppart~uwg tFKrelo. a~d +Il nnts, ~sires.
proceeds and profiq sccruing aod to xcrue from said premises. atl of whid~ ~t included in th~ +bov~ snd for~oirg d~svipt'o^ +rd F~b~~'
TO HAVE AND TO HOID the sbove described and yranted premises unto the s~id MORTGAGEE, its waessws ~nt1 +ssi9^t fwave~. Md th~ aaid
NWRT6AGOR for their ~~;,s, ~xKUias, adm'c.:strstws ar~d auigro, hereby ao+re~ants with tlr said N10RTGAGEE, ib woasw~s ~nd assipir.
~i„T _ they aI6 lawfully se~zed of the said p~emaes in fee simple: Nwt th~ sarn~ an fr~e, clea? +nd d'schar'pd from ~il Gan and ~
b~ances in law a in equ~ty, snd shat t he y w~ll and t h@ 1 T ~ sh,U wursnr ~d d.f«d ~M tirl. a Me s+m. a the s~id
MORTGAGEE. its succ~sws snd usigns, faever sgsi~st the lawful claims and demands of ~II persom;
PROYIOEO. AIWAYS thst if the MORTGAGOR sha{I pay ~nro the MORTGAGEE the promissory not~ h~reinbefon dewib~d aed sMll truly. P~P~f~
and fulty perfam, dischar9e. execute. compkte, comply with snd abide by each snd every the stpul~t~or~, aQreema?ts, cond"nioro and cawnants of s~id
promissory note and of tha Mortga9e, ther? this Mortg~ge snd the bute hereby aeated shall oease and be ~w8 and void.
IT IS UNOERSTO00 thsf the word "Mwt9a9w" whethcr in the singular or plvral anywhen in this AAortyapt, sh+il b~ siiqular if w~e otJY ar~
ihsll be plural jointly snd severally if more tMr? one. ~nd that the wo?d °the'a" u u~c~! ~nywher~ in this MwWayt shall be taken b en~sn "his." "hers."
w"its:' wFro+ever the contas~ so implies w admirs. Also, thst whercver thero is a referena in tM corenants +nd +preernMri herea~ mM~i~rd a+np d~i:3
the panies hereto, the s+me shall be const?ved to mean u vrell as the hain, 1e9+1 re~xssent~tives, waessws +nd +ssigns (titha vdunqry by ~cf of fh~
part~es or invduntary by operatan of the Isw) of the same snd that the coveesots herein co~qined shall bind ~nd tht benefits +rd +dv+nt~s irN+?~
ro the respective hein, leyal represer+tatives, successon and sss'yns of the parties he?sto.
Md said JNortgagon, fa themxlves and their heirs, lep~~. repre~entatives, wcces~ors ~nd sstipiu, hereb~r jointly and sev~tally oo~++aM and +pr~e
b ~nd with the ~+id lNORTGAGEE, iri strctessors ~nd assiy~:
1. 1o pay ~II and sirgulx th~ princ;p~l and intaest snd fn~ vuious and sv~dry wmi of ma~sp MY+~ bY v~ ~~'d P~^~1~ ^ae, and IM ~
mortyspe, each and ava~y. Prar~pt~Y on the days ~espectivelY the same severally becorrN due.
2. To p+y slt uid s~ny~+lar the b:es, usessmenn, tevies, lisbilities, obli~tions +ed encvmbr+^ce+ of era*Y ^~h+r~ and k'^d "°w °n said dacri~d
P~~~h, or th~t hereafser nnay be impwed, suffe+ed. P~+ad, kvied, a a~essad thsraoe, ar thn iwreahw m+p be kvied a uwss~d upa~ d~is Maq~ ~
apt, a tht indebtedness stcwed hereby, esch a~d ewry. when dw and paysble, acowd'ag to law, btfon ttx~ beconw deli~qwm. ~nd b~fw~ an1l ~
anaches p at~y penalty is incwred; API~ INSOfAR AS ANY THEREOf IS OF RKORO THE SAME SMAIL 6E PRUAMTIY SATISf1E0 AND DlSG1ARGED OF
RKORD AND THE ORIGINAI OFfIC1Al DOCtlN1ENT lSUCH AS, FOR INSTANCE, 1HE TAX RECEIPT OR THE SATISFACiION PAPER OFFKIALLY ENDORSED
OR CERTIfIEO) SHAII dE PLACED IN iHE HANDS OF `..A~~ M10RTGAGEE WITHIN TEN DAYS NfX1 AFTER PAYMENT= snd in the tvent tMt any thereof is ~wl
pavl. ssY.sfied u~d d:schxged sa:d MORTGAGEE msy +r ~~r t~me pay the same w airyr part thereof without wsiviny w affeaYinq sny opion. tien, equ:ry or
•ipht u~der or by vi?hx of this mo.tgase and the full sma,m oi each and every wd+ P+Yment sh+ll be inwnediateFy due snd p+ysbk +nd shall bear +Me?est
~.om the dste there~f unti~ pa:d a• .are of nine per centvm pe~ ann~m and wyether w~th such inteiest shall be ser~'ed by the lien of ~h's mo.g+age.