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THIS INDENTURE, Made tM $th day of Februarv ~ , A.D. 19_~.., betwe~n
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Byy~~ Kerndon and MaryLHPSIIdc~h~ ~ +~if; ~
of ~Ci@ - Counly Fiwida, haeinai~et dssg~ated as the "MORTGAGOR;' end FiRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF FORi PIERCE, a torporat~on wy~niied and exi~~+np w~der Ih~ Isws of ths Un~ted Sta~~s of Am~riu a~d havinp iri principal plice of
b~s~neu in 1M City o( Fort Pierc~, St. lucie County, flaida, hereinafter deaignated as the "MORiGAGE4:'
WHEREAS the MORTGAGOR b ju~tly indebted to tM MORTGAGEE ie+ the sum of S 25a6~•0O good end lawfui money of the Un~ted
S~ates ad~anted by the MORiGAGEE uMO Ihe MOkiGAGOR, as rvidenced by a ceram Fxomiuay Yo!e o~ even date herewith, of wh:ch the follOwinp tn
hords and fi9u~es is a+rue copy, tow~t:
s 25,600.00 10021170
Fort Aierce, flwida, February S 19..TS_
For value received. 1, wr w aither of vs, promise to pay, vvithout defa!:at~en, to tFie order of FIRST iEDERAI SAVINGS ANO IOAN ASSOCIATION Of
~ RT PIERCE at Fwt Pierce, Florida, the svm of S-_2-~~6~O. w.~h interest f?om date at Ihe rate of 4_._Q__°da pa? annum, in monthly inslaH-
ns as fot!ows: S 216 . ~0- ~?he2Oth day of aY 19_75 and a lik~ wm on ths cwrespa~diny day of exh mooth therr
until the whole be fully paid.
Each installmznt first shall be appi~ed in payment of the inrerest and t{~e~ on t~r vnpaid balence of Ihe princepsl sum. If default is mads in the Y
,~,.•~~nt of any :nsta~iment whan due, and suih def3ult confi~urs 30 days, then at the opt:on of the holder, and without any other notice, all the romaining ,
;r,~?ments shall be due and payablc at once. Privilege is given to prepay this note in whole w in part at any time without penalty. Neither fprebearante, i
^or ecceptance by the hotder thereof after any defauft in any p,?yments hereon, shall be deemed eztension. A lafe payment clurge of s~.gQ, shall be j
_.i,d ro each insiatfinent rema;n;nq unpaid 7 days after its due date, arul a hke sum shall kx added to each iuch instaitmem remaining unpaid 7 days after !
.~.,ch succeed~ng paYmem oate. • ~
Each maktr, surery and enciorser heieuf, jekitly srtd severatty, wa~ves ciemand, presantment prolest a~d notice of protest fot nonpayment, and further
,~:res to any eztens~o~ of time af pay+nent, c~ri•r~ before or afrer maturiry, witnout notice to any of us; and to pay ell costs of tollection, inctvfiny s
•,;~r,abfe atrwaay's fee ~n the elcnt of any dcfautt hereundzr, and hereby se~•erally •xaives all benefit of homestead and exemptioo unde~ the constitution
,:i 'ave•s of each Stat.: ot the Unlted Stares, as aga~nst this obGga~ion w any eatens~on or renewal hereof. l
Witness the hand a~d seal of each party. T'~~ :#7
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~ ~ Buaene Herndon ~pU
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$38.40 . _ S/ Ma.ry Herndon ~
) $tate Revenve '
NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of aaid sum of S 2~L.~ 6~~• ~nd the perfwmance of 1F~s
~o.enants and agreements hereinafter exoressed, and for divers good and valuaEle cons~deretions, by the~e presenb, does grant, bargain, sell, remise,
~~se, convey and co~firm unto the MORiGAGEE, its succe:wrs and auigns, all that cvtaio lot, pirte or partel of laod, situate, lying, and beiny in tM ~
~o;:-~ty of $L 1.11C1C and State of Fbrids, deuribed as follows: s
l.ot 6, Block 11, II~IAN RIVER ESTATBS, UNI? 2, as per plat thereof on file in
Plat Book 10, page 46, of the public records of St. Lucie County, Florida
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~ ~--;zerher with all and ungular the tenemems, hered~tamenta and eppurrances thereumo belonging w in anywise ~ppertsin'u~p tfiereto, and sll rents, isfva,
,r~ ..-o:eeds and profils accru~ng and to accrue from said premius, all of which are irxluded in the +bove ~nd foregaoy dexiiption and hsbe+~dum.
TO HAVE AND TO HOLD the above described and granted premises unto thq said MORTGAGEE, ib successots and sui~ns fonver. And tFw said
~ '^,RTGAGOR for --~b~1L---- heirs, executws, administratws and assigns, hereby covenants with fhe said MORTGAGEE, ifs suctassws u~d ~stiprr,
~ the are " ~
~ ar Y Iawfully uized of the said prem~ses in fee simple; that the same are free, ck~r and dachargad from ~II li~ns ~nd encum~
- a~ces in law or in eq~~ty, and thar LtI6y W~~~ a~ thell . F,e;rs shsll warrant and defend the title to ihe s~rtK to the said
~ ;'~RTGAGEE, its succeawrs and assigns, (orever against the lawful claims and demands of all persons;
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PROYIDED, ALWAYS tfiat if the MORiGAGOR shall psy unto the MORTGAGEE 1he promis~wy rate hereinbefore destribed and ~hall tttrly, promptly
m d fu:;y perform, d~xharge, execure, complete, comply with and abide by each and every the stipularions, agreeme~ts, conditiorn +rd covenanfs of said
~ ~:~~~~sswy note and of this Mwtgage, then this Ahortgage and tt+e Estate hereby ve~ted shsll cease and be nvll aod wid.
IT IS UNDERSTOOD that the wwd "AAo?tgsgw" whether in the singular or plural snywhere in this Mortgsge, shall be sinpular if one only and
~ >t.a'I be plural joimly and severolly if mwe than o~e, and that fhe wwd "their" ss used anyvrhere in this Mortyape shall be t~ken to me~n "his;' "hen;'
~
~ •"ns,° wherover the contexr so implies w admits. Alw, that wherever there is ~ ref~rente in the toven~nb and a9reemtnts herein cont~ined fo sny of ~
~ +he parties hereto, the same shall be consnued to mesn as well ss the he+rs, leya) representativa, sucuswn and usiyro (~ithtr volunt~ry by acf of th~ ~
~ :~~+;es or involuntary by operation of the law) of the same and that the covenanri i~erein contsined shsll bind snd ths benefits ~nd sdvantapM inw~
~ •o rne resaective heirs, tegal repreuntativcs, successors and sts'gns of the p+rties hereto.
~ Md said Mortgsgors. fa fhemselves snd their hein. Ieyal represeni~tives, succeuors u~d auig~, hsreby joiMly at~d severally coven~nt and aprte
•o ard with the said MORTGAGEE, in successors and sssigns:
~ 1. To pay alI snd singular the priocipai and interest and the varian snd wndry wms of moaey payablt by virtw of iaid promiswry note, ~nd tl~ J~
n ortgage, exh snd every, promptly on the dsys respectively the same xverally become dw.
2. To psy alt snd sing~lar the taxes, sssessments, levies, liabiliries, obliy+tions ~nd encumbrances of ev~ry nature and kind now on said d~sa~d
` property, or that Fxreafter may be impwed, tuffered, plsced, levied, or ~u~d-thereon, p th~t here~fter may b~ levied w~sses~sd ~pon tlds Mwtg-
a~e, or the indebtedness iecured hereby, each and every, when due and payable, according to law, befw~ they becoms delinqueM, snd b~fore ~rry interpt
~ ~~reches or any penalry is incurred; AND INSOFAR AS ANY TMEREOF IS OF RKORD TME SAME SHAtI 6E PROMPTLY SATISFIED AND DISCHARGED OF
~ e~~CRO AND iHE ORIGIIvAL OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISfACTION PMfR OfFICIAILY ENOORSED
:R CERIIFIED) SHAII BE PtACE~ IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the event thst any the~eof is rwt
~ c~ d. sat sfied and discharged sa:d MORTGAGEE may st any hme pay the same w any part thereof without waiviny w affectiny any option, lien, equity ot ~
~ ~~.;hr ~nder a by virtue of this mor~gage and the full amount o( each and every tuch payment shall be immediatety due snd psy~bk and shall beu interest
~ j.o•,• ~he da!e +here•~4 v~t~l ca d a+ rate of nlne per ceneum per annum and together w~th sirch interest shall be xcured by the lien of th's morqtage.
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