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THIS INDENTURE. ~wd. ~ne 31 s t day ot Januar y A.D. 19_.~ benNea+
_ Billie M. Gilbert an~ Catherine L. Gilbert, hi~ urife
of SL . Luc ie Cpunty florids, here~n~f~er det~gnateJ a~ the "MORTGAGOR," and i1R5T FEDERAL SAVINGS AN~ IOAN
ASSOCIATION OF FORi PIERCE, a corporo~~on wg~ni:cd a~d exitting unde~ the ~~ws o: ?he Un~1ed S~at~s of Ame~~ca and Mviny iq PfIMiPiI PIK~ of
bus~ness in the City o; fw1 P~ace, St. t~cie ~ounty, Ftwida, herei~aSter desig~ated +s rh~ "MORTGAGEE: '
WHEREAS the A10RTGAGOR is justly indabled to Ihe MORTGAGEE in'thr ~~m of S 12 r good and lawful money ot the Uo~ted
Srares .dvanccd by the MORTGAGEE ur.~o rha MOkTGAGOR, as evitlented by ~.u~t~i~ prum~uory nore oi even date herew~th, oi wh~ch the ioliowinp in
n o: ds and fi urts is a trve co y, to-wit: • '
s i2 ~0009 OO _ P ~r r.~ ~ ~ 10021166
F«f Pierce, Florids, January 31, _19 75
for va!~e receie•ed. 1, we or eithrr of us. prom+se 1o pay, without dafalcetion, to ~I,e order of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION Of
=:;RT PIERCE at Fo~~ F~erce, Horida, the wm of S.-12~~~44-- whh ;merest frem date at the rate of ~~6 per anrwm, in monlhly instal4
••~+s as ta'o>va: S- 12~ ! O0__ _ on the ~Ot h dey o{ ~reh ~9?
S___ and a like sum on the correspw~d~ng day o4 each month there-
~^ri until tne whote kY fully pa-~d. .
Each instaliment f~nt skaH be app':cd in pa~~ncm of ~he ir,ferest anJ th~~n i•~ the unpa~d balance of the printipal sum. If defa~~lt is made In the
~:~nt of any ~ns:a,:,,~e~a when d~e, a<<d suu~ detevSt ccnr~nucs 30 days, then ar she opf:on of the ho!der, and without sny other notice, all the remaining
s•o!:menis shall t~ d~e and payabic 3r ence. Pri,.ileye is yivan to prepay ihis note in whole or in part at any time w+thovt penalty. Neither forebeatante,
~:or acceptante by the irotdet thereof afre~ a~y deia~lt in any payments heteon, shalt bt deer~ed e:tension. A late payment charge of =~s~_, shall be
•~.i:d to each insfailment rema~n~ng unpa~d 7 days afrer its dve date, and a t~ka s:.m shall be added to each such instaUment remaining unpaid 7 d~ys after
~~~cn succeeding peyment d~te.
Each makrr, wret~ ard e~~duroer hereof, ;o~ntiy a~d severatly, v~•aiver demand, presen~ment protest and notice of prmesl for nonpaymeM, and further
,rees to any earens~on of hrnr of p,:ymen~, ~~1!~e~ o_jore w after mafunty, wiinout nonce to any of us; aod to pay all tosts of eo!lection, indud:ng a
..;s~,~abie atro.n.~y~s fee ~n the evenr of any d~fao;r hereunder, and hereby sr~e~aliy waives all benefit ot homestead and eaemption under the constitulion
a'a•~~s of r~ch S~ate of ~he Un~tzd Srates, ss agai.~s~ th~s ubf:gati~n w any eitens~on or renerial hereof.
Y~imess tFK hand and seai of each pa~ty. '
~~u
S Billie At. Gilbert
" (sewu
S atherine L Gilbert
51~ • 0O ) State Reoen~e
NOW, THEREFORE, the MORTGAvOR for rhe purpose of secu•~ng payment of sa~3 s~m of s 12~~~. QD ~nd the perfonrwnce of tM
~:enann and agrten:ents hereinafrer e~pressed, and for d:vers gcod and valuab!e cons~derationa, by these ~esents, does grant, ba.gain, ull, ~emix,
~se, convey acd con}:rm unto the /.'URTGAGEE, its successors and sss~g~s, a{'. :het certain lot, piece or pucel of land, sitwte, lying, and being in the ~
=avnry cf - $t . LuCl@ _ and State of Fbrida, deunbed as follow~:
~ots 9 b lU, less the North 10 feet for Ozange Avenue right-of-way, Slock 1,
rREA^iLAND PARK, as per plat thereof on file in Plat Book 7, page 38, Public
Records of St, Lucie County~ Flozida
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~ ae!her w~~h aIl and sing~lar the tenements, hered~taments snd appurfances thereunto brlongirg a in snywise sppertainirg thereto, and all ~enri, issves,
~ ::~oceeds and profits accruing and to acu~e trom said premises, all of which ue included in the abov~ ~nd foreyarg dewiption aod F?ibendwn.
~ TO HAVE AND TO HOID +he above described and gtanted premises unto rhe said MORTGAGEf, itt wtcessors and assigns forever. And the said
their
v';QTGAGOR (w heirs, executois, administrorors and essi~ns, hereby covenants with the aaid MORiGAGEE, its suotesso~s and p~ip%
~ they are _
~ a~ - - iawf~ily se~zed of the sa~d prem~ses in fee simple; that the s+me are fres, clesr u+d discharged from all fiero and ~naKn-
~ -^.ces ~n law or in equity, and that t he y w~~~ a~ t he i r heirs shall warrant snd defend the titk to the same to tl~e s~id
';;RTGAGEE, its auccessors and auigns, fwever ngainst the lawful claims and demands of atl persons;
PROVIDED, ALWAYS that if the MORTGAGOR shall p~y unto the MORiGAGEE the promissory note hereinbefwe described and shall fruly, promptly
5M f~iiy perForm, d~scharge, eRecute. complete, compiy with and abide by each and every the stipulations, agreemenb, conditions and oovenanri of said
~ ; sswy nore and of ihis Mortgage, then this Mortgage and the Estate hereby aeated shall cease and be null ~nd void.
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~ !T {S UNOERSTOOD that the wwd "Mortgagor" whether in the s~ngular w plural mywhere in this Mwty~ye, shall be singul~? if one only and
:~a!~ be pfural jointly end severally rnore than one, and that the word "thdr" as uxd anywhere in this Marlgage sMll b~ t~keo to mean "his;' "hen," s
'"its,° wherever :he context so imp!ies or admits. Also, that wherever fhere is s re(erence in the coven~nts and agreemenb herein tontsined to ar?y of ~ i
e parties hereto, th~ same shall be construed to mesn as well ss the heirs, kg~l repesentatives, tucceuws snd assige?s (eithlr volunNry by ~ct of tht ~
~ ._~~:es w im•ofuntary by operation of the law) of the sarne and that the corensnti herein tontsintd shall bind and iht benefiri s~d advantapes inwt ~ t
~he respective heirs, Iega) eepresentatives, successors and su~gns of the parties hereto_ /~t
~ And said Mortgagors, fw themselves and their hei?s, legal represe~tstives, sucuua• ~nd ~ui~r+s, hereby jointly and sevaally covenanf and ay~se y~ ~j
~ ~o and with the sa~d MORiGAGEE, its succeasors and sssigns: ~ t
1. To pay all and singular thc principal and interett snd 1hR wra~s and sundry wms of mon~y payaWe by virtue of iaid p~omissory note, snd fFMSr~ ~
~ Tortgaye, each end every, promptly o~ the days respectivcly the same sevenlly become due. ~i.,I
2. To pay all and ~mgu!sr the uxes. ~ssessmemi, levies. liabilities, ob~igata~i and ~ncumbrances of svery natw~ ud kind now on said desvib~d
propcrty, p that hereafter may be imposed, suffered, plated, levied, or atsessed thereon, or 1Mt heresfter may b~ kvied w usessad upon Nds Morf¢ ~
a~e, w the indebtedness secured hereby, exh and every, when dve and payable, xcading ro law, beforo they becane delinquem, end btfw~ a~y im~test ~o ~
~ j'~_cr+es or any penalty is inwrred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAtL BE PROMPTLY SATISf1ED AND DISCHARGEO OF O
~::ORD ANp iHE ORIG:PJAI OFFI~IAL DOCUMENT (SUCH A5, FOR INSIANCE, THf TAX RECEIPT OR THE SATISFACTION PAFER OFfICIAILY ENOORSEDOm ~
~ CERIIFIEO) SHAIt BE PIACED IN THE HANDS Of SAIO MORTGAGEE WITMIN TEN DAYS N~XT AFTER PAYMEN7; and in tFx event that any thereof is not ,
~ ;.a~d, sat'sf~ed and discharged sa'd MORTGAGEE may at any time pay the same or any part thereoi without waiving w affectinp any optan, lien, eqvify or
~ ~.~hr ~nder w by virtue of th~s mo.tgage and the full amooM of esch and every such paymeM shall be immediately dve and pay~ble ~nd shall bear interqt
~ '.eT rh.. dete ~~e~cof un+~t ca d ar .ate of nine per ce~t~m per annum and togethe~ w~th suth interest shall be ucured by the lien of th's mergtage.
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