HomeMy WebLinkAbout1834 2929~1 ~
iH15 INCENiURE, IVI~ tM h day of Sa~~t~mher A.D. ~19 74 b~nn~
l~ ills,m 8 CAtchinn~ a sinale a ~ t~ ~
[.UC 1@ Coun F{orida, Mrein~fter dssignated ai the "MORTGAGOit:' snd FIRST FEDERAt SAVINGS ANO IO+~N ;
of St • ry f
ASSOCIATION OF FORT PIERCE, a corpaa~ion orpaniud and ~xis~irg unda th~ lawi oi tM United Statos of Amariu and havinp its princip~l~pt~u of ~
bus~nsu in tF» City of For1 PiKC~. St. luci~ County. Florida, herain~/te~ dts;g~a~ed ~s ~M "MORTGAGEE.••
WHEREAS tFM MORTGAGOR is justly indtbttd to th~ MORTGAt3EE in the tum of 5... pood and ~~wful money of tM Un~ted
Sratrs advanced by the MORTGAGEE un~o ths MORTGAGOR, as evidenced by ~ coriain promissory rwte of even date herewith, of wh;ch the 1ol~owi~ in
~o~ds +nd fiyures is ~ tru~ copy, to-wit: f`~ 100210'73
3, 5U0 . 00 ~ M'; f.~ n~°
S- . y
' fort Pierc~. Florid~, SP,jtsoshor 12 19~4
Ew value ~eceived. I, we or either of us, p+om~se M Wy, with0ul d~falca
wn;7o the order of FIRST FEDERAI SAVINGS AND 10AN.ASSOCIATION OF
F02T PIERGE at Fat P;erce, Fiorida, the svm of =~~..~~•0O vw;th interest (~om date at the rate of 9• 7~ ptr a~num, in monlhly +nst+~l-
~~,enrs as follows: :-~~iQ~- on the 2Ot~? dag~of ~tOb27 ~q_ 74 a lik~ sum on the cwrespondirp d~y of each month therr
a~ier uMil Itx whole be fully paid.
Each installment first ahall be app~~ed in PsY~nent of ths interest ~nd ~hen on the unpaid bala~xa of the prinupal sum. If default Is made i~ ths
E~ey~nent of aiy inaullmeN when dvs, and such default tontinues 30 days, thee+ et the optan of ttx hotder, and witF~out any other notice, sli the remainin9
,~atal4n~nls ahall bs dus and payabie at once. P~iv~tege is given to prepay thw no~e in whol~ or In psrt at any time without penalty. Neither forebeM~nce,
npr ~ ~ tha holder the~aof after any defauh in anY peYment~ herean, shall be dremcd extension. A la~e p+Y~nt ch~r9e of ~.Q-. sh~l~ b~ {
~dd~~ ~ll~ry~t remai~irg unpaid 7 days afttr its due dafe, and a like sum sha~l be added to each svch instsllment remai~ing unpaid 7 days afte? ;
~ date. #
,~~~j~~. f~ ~ and endorur hereof, joindy and sevtrally, wsives demand. presentment protesl and notice of protest fw no~payment, and furtMt ~
p~y time of payme~t, eirh~r before or aftN ma~ur~~y, withat notice to any of us; and to psy all costs of collection, includinp + ,
~',~,~,a~ the evcr» of any default he?euoder, end hereby seve~ally waives all benefit of homestead aod exemption under tfis constitutbn
~.an~~v! of~ ~the United States, as against this obl~gation~` -any~ ea~n o+ e ewsl he~eo~ ~
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, S~~S ~ St~t~ Revenw .
iSSQ7010~C~OCOC~7~ft~
- 3 00.00 •nd the orm~ncs of the
NOW, THEREfORE, the 1NORTGAGOR fa'the purpou of securing paymcnt of said sum of ~ ~ P~
;ovenanls and s9rcements hertinafter expreued, and fw divers good +nd valuabls consideratio~, by these presenri, dots grant, baryain, sell, remiu,
r~:ease, convey arx! confirm unto the MORTGAGEE, its succeswrs and auigns, all that ceruin IoL piece or pucel of I~~d, tituat~, lyiny, and beirg in the
Counry of 5L L-UC le _ end State of Fbrids, dewibed aa follows:
!~ot 4, Block 23, LAKEIdOOU PARK S~BDIVISIU~i, UiVIT No. 3, as per plat thereof on
File in Plat Book 10, at pages 63.and 64 of the public recorcls of St. Lucie
~ounty, Florida
STAT~ ~F F~.,,.p F2 t D A ~
~ OOCUMEPlTARY,,,~. ~STAM P t A X ~
c ~ ~ DEPf. Of R£Yfl'ItlE -'~`a' ~ '
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j = p~. -~r-~~~.~ ~ 0 5: 2 5 ~ .
~ . . m. . 4 i 1102 . . . . . . ye . . . . ~ . ~ ~ ~ .
' - ~ p~t~ld~ ~N~~~ 19I1~ •
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' s,-,gethe[ w~th all and singulsr the tenemenn, herediumenh snd appurtances thereunto belaging a in anywiie app~rtainirg therero. ~nd ~0 nnb, is~w~. ~
~.«eeds ~nd prof~n accrving and to sccrue from ssid premises, all of wti~d? ue included in tM ~bov~ ~nd fapoirg destription ~nd h~bandum. ;
TO HAVE AND TO HOtD the sbova desaibed and grsnted prem~ses ~MO the said NIORTGAGEE, iri successors and aui9ns forever. Md th~ s+id ~
:~.ORTGAGOR for - h 1~ ~~rs, executas, ~dministratws and a~s'~gns, hereby covenanri with th! said MORTGAGEE, it~ suttssson and asipra.
~3t _ he 1 S- - Iswiulty se+zed of the said pre?nis~s in fee simpfe: thst tM s+m~ are frse, cl~ar and dixh~rpsd from ~11 li~ro and ~ncun+-
o+ances in Iaw or in equ~ty, u+d that he will and h1S hein shall war~ant N+d def~nd tM titl~ to the s+m~ to tt» aid
~ M,ORTCaAGEE, in succcuws +~d auig~n, fwever against the tawful ctiuns and demands of ~II personss
~-K~ PROVIDED, ALWAYS tMt if the MORTGAGOR shall psy unto the MORTGAGEE the promisswy rat~ Mreinbefore dtstribed ~nd ahsll trulY. P~~^P~~Y
a~d fuliy perform, dncharqe, eaecute, compkte, comply with and abide by esch and every the stipulations, ayr~nts, conditiwa snd covenanb of said
_~o~n~ssocy rate and of this Albr~gage, rhere rhi~ Mat~sge sr,d ths Eitste her~by ueated shall os~s~ md b~ rwll and void-
~ IT IS UNDERSTOOD tMt tFK word °Mutg+por" whetFxr in th~ aingular a plwal ~nywhtrt in this AAoriqagt, ihall b~ sinpula if ont only u~d
~ x~ait be plura) jointiy and severdly if more than one, ard that the wad 'Yheir" ~s used anywhere in this 1Nortp+y~ shal) be tak~n to rman "hi~,'• •'htn;•
~ cr "its," wherever'tne canteal so implies a admit~. Alw, that whereva there is ~ rtferente in 1Fa tovenanri ~nd ayr~emenri htrein conuined to any of
rhe p+rties hereto, the fame ihall be construed to mesn as well as the heirt, lepal represeMativef, succeswn snd auipro (eithet volu~tary by att of the ~~p
p~~f~e? or involuntary by operation of the I~w) of the ssme and that the covensnb herein cont~i~ed sh+ll bind and the benefib and advantaQ~s i~wn
~o rhe respective heus, legal representatives, successors and asi~yro of ths parties he~eto.
pnd said 11Aortgsyon, fa themselves and their heirs, legal representstiva, wcteuws snd ~uipns. htreby joimly and ssvsrally covenant ~nd ~pne
- ~o and with tbe said MORTGAGEE, its tuccessus and ~ssigns: •
1. To pay all ~nd sinp~rlar the printip~l +nd interest and the wr'wus and iundry sums of morNy paYablt by virtw of said promiswry not~. ~nd thb ~
m.orrgspe. each and every, p~omptly on the days respectivel~r ~M same ~ever~lly becane dve.
2. To p+Y ~II and sirgvler the ta:es, auessmenn, Iwies, liabilit~, obiiy+tiau ~nd encurt~b~arxa of wery? n+tw~ +^d kie~d ^ov~' a^ s+W d~w''b~d ~
~•opcrty, or that he~esfter may be imposed, suffered. Placed, levi~d, or as~eued thereon, w that hertaft~r may b~ levied a~tsessed upa~ this Mo~q~
ege, a tM indebtedness secvred hereby. ~~ch and every, when dve ~~d p+yabls, accordirg to law, befa~ they become deli~qwm. ~r~d btfwt a+y inNr~at
3!~LChl1 or any pertalty is incu~red; AND INSOfAR AS ANY THEREOf IS Of RKORD THE SAME SHALL 8E PROMPTIY SATISPIEO ANp DISCHARGED OF
R~CORD AND THE ORIGIPIAL OFfICIAI DOCUMENT (SUCH AS, fOR INSTANCE, THf TAX RECEIPT OR TME SATISfACTION PAPER OfFICIAIIY ENDORSED
i;4 CERTIiIED) SMAII BE PIACED IN TNE HANOS OF SA~D MORTGAGEE WI?HIN TEN DAYS NEXT AFTER PAYMENT; snd in the event thst any thtr~of is no1
' ::a d. seYsfied and discharged sa:d MORTGAGEE may at any time paY the s~me w any part thereof without waiviny w sffectiny any optan, lien, equity or
~~~hr under or by virtve of th~s mongaQe and the fu~l amount of each ~nd every such psyme~t thall be immedi+tely due and pay+ble snd shall bear interpt
~,oT •he dare r~e-e.~ e d at ~ate of n~ne per centum per annum and toyether with such iote~est sMll be tetured by the iien of th": Torg+age.
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