HomeMy WebLinkAbout0052 . v 302'7'~9 ~ ,
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1HIS INDENIURE,`iN,d. ~n. 4~3 dey or ~ _ iKarch , A.D. 1975 b.~W~+
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J. W. Corwin Sr. and Bernis ~o~in. b~g wife
of cJt• 1+11C~@ Cp~~~y florida, haai~afle~ designa~ed as the "MORTGAGOR," snd FIRST FEDERAI SAVINGS ANO IOAN
ASSOCIATION OF FORT PIERCE. • corporation wy~rwzad ~nd exis~ing unda the laws of tFw United 5!atca of Americ~ and Mvin~ iti principal pl+cs of
businass in tM Citv of Fort Pieres, St. lucis Countv. Florida, hereinafter deaignated as tM "MORTGAGEE,"
WHEREAS th~ MORTGAGOR is iustly indebted to ths MORTGAGEE in the s~m of S 41200~ ~Q , good and lawful mo~ey o( the United
Srares advacced by the MORTGAGEE unto the MORTGAGOR, as evl~tenced by a certa~n promissory note of even date herew~~h, ot which the Fotlowiny i~
.,ords and figures ia a true copy, to-wit: 1~~21~1~~ t
~ 4, 200. 00 Pto
. t` ` ~ iu~i Fie~co, f~atida, l~larch 4 ~q 75 i
For value received, 1, we or either of us, promfse lo pay, without defatcati~n, ro rhe order of i1RST FEDERAI pSAVINGS AND LOAN ASSOCIATION OF ~
~ORT PIERCE at Fort Picrce, florida, the sum of s_4L2O0~_~~ w,th ~nieres! frpm date at the ~ate of~!25 °o per annum, in monthly install-
--•~ts as foltows: S~ - on the 2Oth day of ~~r~--_-_, 19__7~ _ and v like sum on the cwresponding day of each month there-
a~re. until the whoie ~be futly pa~d.
Each installment firsf shall be appl;ed in payment of the inierest and tl~en cn fhe unj;aid balance of the princ:pa~sum. If default is made in the
F..,;meM of sny installment ,~vhen due, a~d such default tontinues 30 days, then at the op!io~ ~f Ihe hoider, and without any other nmice, all tha remaining
+~s~atlments shall be due and payable at or.ce. Privilege is given to prapay this note in whole or in Qart at any time withouf penalty. Neithet forebearante,
nor atceptance by the holder thereof after any default in any paymen~t hereon, shal! be dermed.extension. A ~ate payment charge of 2• ~ thall be
o:i~<d~~o each installment remaining unpa~d 7 days after i1s due date, and a I~ke sum shall be added to each such instailment remaining unpaid 7 dsys after
.~ach avcceeding payment date.
Each maker, svrety a~d ertdorser hereof, jointly and severally, waiv,s dema~d, µresentment profest aad notke of protest for nonpayraenf, and furthet
ag~ees to any extension of hn,e of payment, e~ther before or after mawr~ty, witi~ovt not~ce ro any of vs; and to pry aU costs of collzcaion, including a
asunable attomey's fee ~n the event of any defau't hereunder, and hereby seve~aity ..vrives all benefit of homestead and exemptiow under the eonsfitution
~~d iaws of each S!ate of the U~ited States. as aga~r.st this obl~gat~on or any rxte+~iion or renewal hereof.
Witness the hand and seal of each party.
s/J. W. Corwin Sr. ~,w
csenu
s/BeYnis CoYwin ~ni,
; _ _ $6. 30 ~ s~a,~ Revcnue `~u
E6~en.p. t.n.d+ed-ow-u.~siwe+•.w+e~ -
NOW, THEREFORE, the MORTGAGOR for fhe purpose of securing payme~t of sa~d s~m ef S 4~2OQ. , and the perfwmar~ce of the
covenants and agreements here:nafter expresaed, and fw divers good and valvabie :onsiderations, by these presents, does grant, bargain, selt, remise,
~:e~se, convey and confirm uroo the MORTGAGEE, its successors and assigns, alI that certaio tot, piece w parcel of land, sitwte, lying, snd being in the
Ccunry of St. Lucie and State of Florida, described ~s follows:
Lots 17 and 18 ~nd the Bast 50 feet of Lots 21 and 22, Block 13, REGINA PAL.~iS
SUBDIVISION, as per plat thereof on file in Plat Book 4, Page 82, Pubiic Records
of St. l.ucie County, Florida,
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~egerher with aU e~d singular the tenements, herediramenta and appurtances Itureunto belonging w in enywix appertaining fherefo, and all rent~, issues,
~ ~roceeds and profita accruing and to accroe from said premises, all of which are included in the above and foregoi~g description and habendum.
~
~ TO HAYE AND TO HOLD the above deuribed and ~ranted premises unto the ~aid MORTGAGEE, its sutcessors and auigns fwevK. Md tM said
~ ~SORTGAGOR fw thg1Y-____ heirs, executws, adminisrrators a~d assigns. hereby tovenants with the said MORTGAGEE, it~ tuttesson and ~~si~~u,
~ •oat -~b~y-~g iawfully seized of the said prem~us in fee •imple; thst tlie isme ue free, dear and discharyed from ~II liero u~d encum-
rrances in law or in equity, and that ~le3L wil) and - *~1°' - heirs shall wsrrant atsd defend the title 1o the sams fo th~ Nid
ORTGAGEE, its successors and ais~gns, forever against the lawful claims and dema~ds of all perw~s;
PROVIDED, AIY~AYS that if ~he MORTGAGOR shall pay unto the MORTGAGEE tne promissory rwte hereinbefore dewibed and shall fruly, promptly
ar,d fully perform, d+uharge, execute, compiete, comply with ar~d abide by rach and every the stipulations, agreements, conditions a~d covenanU of iaid
cromiasory note awd of this Mortgage, then this Mortgage and fhe Esrate hereby ueated shall cease and be null and void.
- IT IS UNDERSTOOD that the wwd "Mortgagor" whether in the sfnguia? w plural anywhere in this Mortgage, shsll be singubr if ont only ~r?d
shall be plurol jointly end severelly if more than wu, and that the wwd "their" as used anywhsre in this Mwtgsge sha~l be take~ to mean "his;' "ht?s;'
cr "its," wherever the contea~ so implies w admits. Also, that wher.ever there is a rcference in the tovenants and agreements herein cw~tainsd to soy of
}he parties hereto, the same shall be construed to mean as well s~ the heirs, legal representatives, successon and auigns (either voluntary by acf of the ~a
par~ie~ or involuntary by operat"an of the law) of the same and that the cove~anrs herein cont~ined shall bind and the benefits ~nd advanfaqa in~r~
~o the respettive heirs, legal representatives, sutcessws arxl au'gns of the psrties hereto.
Md said Mortgagors, fw themulves and their heirs, legal rcpreuntativrs, successat and assiyns, hereby janUy and severally covenanf ~nd ayr~e
ro and with the said MORTGAGEE, its successas and assigns:
t';
1. To pay all and singular the principal and interest and the variovs and sundry wms of money payable by virtue of uid promissory note, and this ~
mortgage, each and every, promptly on the days respectively the same severelly beuxne due.
- 2. To p+y all and singular the taxes, assessme~ts, levies, lisbilitics, obligstions and encumMarxes of every nature snd kind now on s~id described
~~c F~operty, w that hereaftet may be imposed, suffered, plated, levied, or assessed thereon, or that hcreaher may be levied a utessed vpon this Morf¢ ~
`"rs; a9e, w the indebted~ess secured hereby, esch snd every, when dve ~nd psyable, accord~ng 'o law, befae they becane delinqvent, sr?d befae ~ny interest ~ F
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a+raches or any penalty is incurred; AND INSOFAR A5 ANY THEREOF IS OF RKORO THE SAA'SE SHAtI 8E PROMPTLY 5/1TISFtED AND DISCHARGED Of .
~s ~cCORD AND THE ORIG1NAl OFFICIAI DOCUMENT (SUCN A5, FOR iNSTANCE, THE TAX RECEtPT OR THE SATISFACTION PAPER OffICIAIIY ENDORSED
4 ~R CER:IFIED) SHAII BE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~nd in the event that any Ihereof is not
`'~3 ;,a~d, saCsfied and discharged sa'd !V~ORTGAGEE may at any t~me pay the sarrk w sny part thereof withovl waiving w affectiny any option, lie~, equity w
~~qht under or by virtue of this mortgage and the full amount o~ each and every •uch payment shall be immediately due a~d psy~ble and shall bear interest
~ jrom ehe date rhe~eof unr~l pa d a+ rate of nine per cent~m per annum end togNhr w~th such interest shall 6e sewred by the lie~ of rh's morgtage. j
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