HomeMy WebLinkAbout0478 ~ ~ :300833 ~
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THIS INDENTURf Mad~ the-27th _ day of J~nuary ~ 1~bj~9' 7.Sy ~tW~ ~
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_ Stephen G. Neil~ and i,i~~ Si Neill a his wife ~ t+ ~
of St • LuC i@ County Florid~, he~einafter deiignated as the "MQRTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF fORT PIERCE, a corporation o.ganiced and eY~st~n9 under Ihe law~ o( th~ United Sut~i of Am~rk~ ~nd h~xlnp •its~principal pl~c~ of
b~i~neu tM City of fort Pi~rca, St. lucie County, fiaida, hereinafter des~gnated ss ~he "MORTGAGEE:' ~ ~
WHEREAS the M.ORTGAGOR is ju~tiy irxlebted to the MORTGAGEE in tl~e sum of S~~QO• ' , 9ood and lawful money of Ihe United
Si~tes a~wnced by the MORTGAGEE un~o rhe MOkTGAGOR, es ev~Jenced by a cenam p~omissory note of even date herewith, of wh~ch the following in
.,orda and figures is a rrue copy, to-wit:
s_ ~o,ooo.oo No ioo21 i6o
Fort Pierce, Flaida, Januarv 27 19 75 •
Por vaiue received, 1, wr w eithcr of ~s, prom;se to pay, without defa'cetien, to Ihe order of FIRST fEDERA~ $AVINGS AND LOAN ASSOCIATION OF
::2T PIERCE at fort Pinrce, Fto~ida, the svm of S?~ iOOO• ~0 v.,tl, ,,,rerESt frcm date at the rate of 9! per annum, in ma~thly instal6
•-:n as io~'ows: 5-168•~0 ~~~e ?~tfl dny of l9.7S _ and a like sum a~ the corresponding day of each month therr
u~~rit fhe whole be f~lly pa~d.
Each instalirtxnt firsf ahall be app!~ed in pay~nent of the inte~est and fh:•n on tiie unpaid balance of the principal sum. If default Is mads in the
.:nrnt of any insta~iment whan due, and such detault continues 30 days, then at tha option of the hoider, and without aoy otFur ratice, all the remaining
•,r~Umenta shall be d~e and payabie at once. Priv~Ie~e is gvnn to prepay this nate in whole or in part at any time without penalty. Neither forebeauncs,
acceptance by the holder thereof after any defauit in any payments hereon, shall be deemed extension. A late payment charge of =8 • 4O shal) be
i rd ~o each inualiment romaining unpa:d 7 days after its due date, and a like su~n shall be addrd to each such inslaltmenf remaioing unpaid 7 days aher
~:h sccceeding payn:ent date. "
Each maker, surety and endorser hereof, jo~nliy and severally, wa~vea demand, p~esentment protest and notice of p~otest for nonpayrncnl, and futhe~
•.~~ees to any extension of t~me of paymrro, airher b~fore w after mawrity, withu~t not~ce to amy of us; and to pay all costs of collettion, ineluding a
,zonabte attorncy's fee ~n the evenr aE any defav,~ hereunder, and hcreby severally waives all benefit of homeslead and eaemption under the constitution
d'aw•s of each Siate o~ ~he lintted States, as ayainsr th~s obLgation or any extension or renewsl hereof.
W~tness the hand and aeal of each par~y.
s/Stephen G. Neill ts~AU
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s n a . el 1 ~u
30. 00
State Revenue
, _~9R1 ~~Y~~TCl~:!'~ OtT' O?ig TdI TOIl~ • .
NO'N, THEREFORE, the MORTvAGOR fp the pu~pose of sccu~ing payment of said sum of S 20~~~~•~~ , and the performs~cs of fhs
;;:enanK and ag~eemenrs hereinafter express~-d, and fw divers good and vafuable considerations, by these p?esenta, does grant, bargain, seN, remise,
~_~:e, convey and confirm unto the MORSGAGEE, its successon and assiqns, atl that certain lot, piece ot partel of land, fitvate, lying, and being in ths
..our.ry of $L. LL1C1Q - and State of Fioreda, desu~bed as follows:
The Bast 85 feet of the K'est 160 feet of the East 720 feet of the North 131.25 feet
of the South of OU?LAT 7 WHITfi CITY, according to the plat thereof recoYded in
Plat Book 1, Page 21, Public RecoYds of St.~l.ucie County, Florida. All lying and
being in the East ~S of SB iy of Section 4, Township 36 South, Range 40 East.
LESS the South 25 feet for road right of way.
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~'s~ ~c;erher wifh ali and singular the tenemenn, hered~taments and appurlances thereunto belw~ging a im anywise ~pperfaininp thereto, and all renta, iasues, ,
~ voceeds and prof~ts accruing and to accrue from said premises, all of which ars included in the ~bov~ and foregoing description aod Fnbendum.
TO HAVE AND TO HOLD the above described and granted premises u~to the said MORTGAGEE, its suttessors snd ~signs fwev~r. And tM said
~ :'~ORTGA R ior heirs, executors, admin~:trarors +nd aasigns, hereby covenann wifh the s~id MORTGAGEE, iri successors aod aqiQm,
~ t~iey_ are_
~-:ar - - lawfully x~zed of the said premises in fee simple; t1~at the ssme are frae, dear and diicharged from all li~ns and ~
a b•ance~ in law or in equity, and ihat the r„~~~ a~ thein c~in shsll warrant snd defend the tit{e fo the same fo ih~ Nid #
3 .'ORTGAGEE, its successors and assi9ns, fwever against the lawful claims and demands of afl persons; t
° PROVIDED, ALWAYS that if the MORTGAGOR shall psy unto the IVSORTGAGEE the promisswy note hereinbefore deatribed apd shall frvly, promptty
- d f~;ly perform, d~scharge, execute, complete, comply with and ab]de by each and every the sfipulations, agreements, condi~ions snd covenants of said
i •:,~,~ssory note a~d of this Mortgage, then this Mor~gage and the Estate hereby ueated thall cease u~d be nvll and void.
a IT IS UNDERSTOOD that the wwd "Mortgagor" whether in the s~ngutar o~ plura) anywhere in thi~ Mort~age, shall bt sinpvlu if one anly and
s ~^a~{ te pl~ral ~oimfy and severally if mwe than one, and that the word "their" as used anywfiere in this Nbrtpaye thall be t~ken to mean "his;' "hen;' ~y~
~ ~"i~s;' wherever the cootext so impSies or admits. Also, that wherever there is a reference in the tover?~nri and ayreemenfs herein tontained to sny of vLJ
~ •he parties hereto, the tame shaU be construed to mean a~ well as the hein, legal representitives, successon snd auigra (either voluntary by xt of th~
~ narties w involuntary by operation of the law) of the same and that the covenants herein contained shall bind snd the benefiri a~d advanta~es inute ~
~ ~o the respective heirs, legal ropreseMatives, suc<essws and ass~gns of tfie pa?ties heroto.
~ A~d said 1Nortgagon, fw ti~emselves and their he'us, legal representatives, successas and assigns, hereby jointly end seva~lly covenant and pree ?r
!a and with the said MORTGAGEE, ifs succeswrs end assigns: ~
1. To pay all snd singular the princ~pal and interest and the vsrious and sundnr wms of money payable by virtue of said promissory note, and this
~ ~-!,rtgage, each and every, promptly on the days respectively the same uverally becomt due.
~ 2. To pay all +nd i~npular the tsxes, assessments, levies, liabilities, oblig~tia+s snd encumbrances of every n~twe ~nd kind now on s~id dtxrib~d ~.`i
proper~y, w that hereafte~ msy be imposed, suffered, placed, ievied, w asseued thereon, w fhst hereafte? may bt levied w as~es~ed upon thia Mafg-
~s age, a the indebted~ess secured hcreby, esch and every, when due and payable, sccording to law, before they becom~ delinquent, a~d btfon ~ny intaest
~ ~+!aches or any penalty is inturred; ANO INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAIt BE PR01411Pi1Y SATISFIED AND DISCHARGED OF ~O
~ KctORD AND THE ORIGIhAI OFFlCIAL DOCUMENT 1SUCH AS, FOR INSiANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENDORSED O°4
~~P. CERiIFIED) SNPtI 6E PlACEO IN THE HANDS OF SAID MORTGAGEE WITNIN TEN DAYS NfXT AFTER PAYMENT; snd in tFro event Ihst •ny thereof is not i
~ d, sat'sfied and d;scbarged sa:d MORTGAGEE may a+ any time pay the same a sny pa~t thereof without waiving or sffettinp any option, lien, equity a
~ -•,~t u~der w by virtue of this mortgage and the full amount of e~ch and every such paymeM shall be immediately due and payabk and shall bes~ infe?ast
~.n--~ ~Fe •;a•e *hp•eof f~f pa d a• .ate of nfne per centum per annum and togetl~er wl~h such interest shall be secured by the lien of th's morgtage.
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