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HomeMy WebLinkAbout2622 ~ . 30~201 i. ~ TMIS IN~ENTURE. Mad~ the 22nd day of ~•~nuary A.D. 1975 between i . . , Millie A. Rhodes, formerly Millie A. Miller, y her husband, Leroy B. Rhodes ~ ~f $t . Lucie County Ftorida, hereinafter designate~ as A1 "M T ,'7~ FtRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, a corporat~on organ~zed and existing under the laws of 1M United StatQS of America and haviny iq principal plat~ of b~s~neu in tM City of Fort P~xcs, S~. lucie Countp, Flwida, herainaitcr designa~ed as tfis "MORTGAGEE""~""• ' 18 000.00. WMEREAS the MORTGAGOR is ~ustiy indcbtcd to the MORTGAGEE in ~he aum of S. ~ , , good and Iawiul money. of the United :~ates ad+anced by th« MJRiGAGEE ~nto N~e MORiGAGOR, as rvidenced by a cef~em piomiuwy n~t! ol even date herewith, of wh~ch the fOllowiny in :.,~Js and ligures is a t,ue copy, ro•w~r: ' S 1 S, 000. 00 No 10021158 ~ Fort P~erce, Florida, January 22 ~q 75 For va!~e .xni+ed, 1, v.e u~ ~~~her o} vs, p.om:se ro pay, wi!hout defa!:~,t~on, ~o thr ~,~der of FIRS) FE~ERAL SAVINGS AND IOAN ASSOCIAiION OF ; .T PIERCE at Fo~t Pirr~e, Florid~, rhe num of s- 18 _ w~~h inte~cst frcm date at the rote of 9~ 7~'e per annum, in monlhly inatall- ~e as ~ouows: S. 191 t~;~?Ot~1 dey of ~YCh 19_.7S_ and a iike sum on the torrespond~ng day of each month there- ' ~nh! tne whoie te iu+iy pa~d. Eeth Instailmrnt tirst shall be app~ird in payment of the intercat and thcn o~ !he unpaid balance of the printipal tum. If deiault is mads in the znt of any i~~s+a1i~~,r~~1 Nhen due, a:d w:h deEi~L• cont~nues 30 days, then at tne opf~on oi the holder, and without any other.notice, all the remaining ,~.,':mer.t: shall !x due ar:d pa~au:e at once. Fri~,leye is y;ven to prepay th~s note in whole or in part al any time withoul penalty. Neithe~ forebearante, r acceptance by ~he hclder ~hereof afrer any default in any nay:~enrs hereoa, shatl be d_erned ertension. A lare payment charge of j_ 9• 55, sh~ll be s~! ~o eech ~ns'a::r~~cnt ren,a~n~ng ~npa~d 7 days aiter ~ts due date, ao~ a Ilke w-~ shal{ be added fo erch such instaltment remaining unpaid 7 days ~her succeeding pafn:enr Ja~e. Each maker, surety and enJorser hereuf, ~ointiy and aeverol(y, warves demar~d, p:esentment protes~ and notice of protest fo? nonpaymeM, and further ;~rees to any e>!a :sron of nme ef p,,y•r.enf. e~ii~er before o~ after maiurity, w;thout n~r~te to any of us; and to pay all tosts of collettion, indud~ng a ~s_~~ebte attomcy's fee m the e~ent of any d_~t~utt her~•vnder, and hcreby r Ye~e14y waives aR t,enefit of homestcad and exemption under the constitution i':xs of each S~ate of +ie tlnited St,te.. ss ~y~'nst th~s ok,l~garion a any r,cte, s~on or renewal hereof. Y~~tness +hr hand and seat of each p~rti. RhOd@3~ formeYly Millie A• s/Millie A. ~~U i er cs~Au s/Leroy S. Rhodes ~u $27.00 - S!ate Rl VZ(1JP ~a7f~7~ Z~1~l~'M!'d~Y~1 ~rAglrf~~ T71p) NO'JV, THEREFORE, the MORTGAGOR fw the Nurpose af securtng pa~ment of said sum of S 18 and fhe pe?formsnce of ths co.enants and agrecmen~s hereinafter eap~essed, and for cive~s good and vatuabte cons~darotions, by these prcsents, does graM, bargain, sell, remise, sz, convey ar~d confirm vnto the MORTGAGEE, ~ts successors and assi~r.s, a:' :hat certain lot, piece w parcel of land, situate, lying, and being in fhe ~•~.,nty of _ $t. I-t~C1B and State of fbr+da, dexribed as fotlows: Lot 22 LESS ?HE WfiST 5 feet thereof and all of Lot 23, Blcck 2, of THB REVIS6D SUBDIVISION OF LINCOW PARK, accoYdina to the plat thereof recorded in Plat Book • 4, page 77, Public Records of St. Lucie County, FloYida, ~ ~ ~ ~ ~ 1 _ ~ ; Cs~ F- - SO ' , ~ . o ~.Tp,M EPU~`~,' ^,Z~. QO ~ ~ ; ~ cv~-Y~~ : . R ~ - ~ ~ ~~~.~4 R~ i; , j' 0(¢ 's c Z ~ O~pt ~ ~ ~p~12t ~ - p~~~S 'C' Ip p~~ ~ Z = .~r % PB • T (~p~R ~ 8~E PER~~ E~ Of T~ ~ ~ ~ ie1,r,9 • iy__ Po~:~S. ~ ~~P~~, > ~~atlP~[ . S?, WCIE b i ~ ~ .~J ~ , _ ' F`"' ; ~ ~ ~ ;~:t~:er with al! and singutar the tenements, hered~taments and appurlances thereunto be~onging o? in anywiu appertsi~ing thereto, and slt rents, isswl, cceeds aad profits accruEng and to acuue from sa~d prem~ses, all of v~hich are inctuded in the above and forega~g desaiption and habendvm. ~ ~ TO HAVE AND TO NOLD ihe above described and granted premises unto the said MORTGAGEE, its suttessws snd assigns foreve~. Md th~ said ~ 'C'Q7GAGOR fw - thp~lY heirs, exec~~ors, admin~strators and assigns, hereby covenants with the said MORiGAGEE, its suctessors aod assi~ro, ~ the are y p P $ ~ ~~.a~ - -X---- - lawf~i! se~zed of the said rem~ses in fee sim Ir, that the s~me sre free, desr and dischsr ed from •II Iiens and ~ncum- ~ •~~.es in Iaw or in equity, and rhat th~___ wiil a~d _ their heirs shall wsrront and defend the title fo the s~me to ihe aid ~ :'ORTGAGEE, its successors and as~igns, forever agtinst the lawfvl ctaims and demands of all persons; PROVIGED, AI~YAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefwe desuibed ~nd shal) trvly, promptty t ~ - d'u;ey perform, d~scharge, execu~e, comptde, comply vr,ith and ab~de by each and every the stipulations, agreements, conditions and tovenants of ssid = i _~~:ssory note and of this Mortgage, inen this Mor~gage and the Estate hereby created shall cease and be null and void. ~ IT IS UNDERSTOOD that the word "Morfgagor" whether i~ the singular or plu~al anywF~ere in thif Mortgage, shail be singulsr H orse only and ~ oe plural jo~ntiy and severally if more than one, and that the word "their" as used snywhere in this Nbrtg~ge sMll be taken to mean "his," "hers;' ~ ~ ` _ a ";~a,° wherever :he conte:t so imp?ies or ad:nits. Also, that whereve~ there is a reference in the tovenants and agreemenb berein tonbined fo ~ny of ~ .e pa~ties hereto, the same shal~ be construed ro mean as well as the heirs, legal representatives, successon and assigns (either voluntary by act of tM ~ ~ ,a~~:es or i~voluntary by operation of the law) of the same and that the covenants herein contained shall bind •nd rhe benefin snd ~dwntagp inure Ub~ ~ ~ rhe respective heirs, iegal represe~tat~ves, successors and ass~gns of the parties hereto. ~ 3 And said Mortgagors, for themselves and their hein, legal representatives, succeswrs and auigns, hereby jointly and sevnally covenant snd ay~ee ~ •a and with the wid MORTGAGEE, its successors and assigns: a 1. To pay all and singuiar thc principat snd imercst and the various and sundry sums of money payable by virtue of said promissory note, and tFiu ~ •~~~?gage, each snd every, promptly on the dsys respectively the same uverally become due. ~ 2. To psy all and •ingular the taxes, assessments, levies, liabilities, obtigations and encvmMances of every nature u+d kind now on said described ~ ~ ~•operly, w that hereafter may be ~mposed, suffered, plxed, levied, or asses~ed thereon, w that heresfter msy ba levied p~sseued upon this Mwt¢ ~ a3e, w the indebtedness secured hereby, ench and every, when dve snd payable, sccordirq to Iaw, befwe Ihey txcane deli~quent, ~nd befwt any imetest ~ +•'acnes or any penalty is incurred; AND INSpfAR AS ANY THEREOf IS OF RKORD THE SAME SHAII BE PROMPTIY SATISFIED AND O15CHARGED Of ~ ?~CORO AND THE ORIGINAI OFFIUAL DOCUMENT iSUCH A5, FOR INSIANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALIY ENDORSED '+f= ~ CiR;IF1E0) SHAII BE PLACED I~f THE HANDS OF SAID MORTGAGEE WIiHIN iEN UAYS NEXT AFTER PAYMENT; and in the eveM thaf any fhereof is not d saYsfied and discharged sa'd MORiGAGEE may at any rfine pay the ssme or any part thereof without waiving w affecting any option, ?ien, equity or ~ •~~~r under or by virtve of this mortgage and the ful~ amovnt of each and every such payment sha~l be immediately due and paysble snd shall bear inte~es~ ~ ~ <<e~~ +~e ~.'afA r~e•e:,i vr+~~ ra d a+ rate of nine per cenrum per an~um and together w~th suth interest shall be secured by the lien of th's morgtige. w a t~ - S~~i~-.r ~r._...... _ _ . . . _ , . , _e,,.~ .-_~_~'r~