HomeMy WebLinkAbout0565 . ~~•~'LEi1.~
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THIS INDENTURE. Made 1he 3Y~ day of _ MdYCt1 _ A.D. 19 7S betwte~
_ Oscax L. Shewmake and Sandra_W. Shewmake. his ~rife
o{ S~ .~.l1Clg County ilorida, hereina(ter deiignareJ as th~e "MORTGAGOR." and FIRST fEDERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, • corporot~on aganizrd and e~cisring under the laws o! ~hs United 5ta~os of America and having its prinupa) plsce of
busmess in ths Ci?y of Fort Pierce. St. lucie County, Florida, hereinaher designa~ad as the "MORTGAGEE:'
WHEREAS the MORTGAGOR is justly indebled to the MORTGAGEE in the sum ot S_36 ~ 9OO' good and lawful money of the Un~ted
~!ates advanced by the MORTGAGfE unto the MJkTGAGOR, as evidencad by a.ert~~n prom~ssoty note of r:en date herewith, of wh~ch the following in
,.o~ds and figures ~s s ~rue copy, 1Pwit:
s36,900.00 ~ 10021203
fort Pierce, Ftorids, March 3 ~q 7.5
Fw v,lue race~ved, 1, ~~e or either of ~s, pre~n~se to pay, w~tho~t ~~efalc:+r~on, ~o the c~der of FIRSI FEDERAL SAVINGS AND LOAN ASSOCIATION OF
?2i PIERGE al fort Pierce, Flon~fa, rhe s~,m ~_36_,900.OQ__,_ _ w:.~, ,;.~N,~.~r ficm date at nc~ ~ate ol9+0_°; pe~ annum, ~n moNhly install-
-:is as f;,l:o~s: 5.310~00 on rhe ?Oth_ day of _____•_~,~_.11 _ , ~q75 a~d a 1~ke sum on the correspond~ng day of each month the?e-
:••rr until the wha:e ue fully pa~d
Eath instaSlmen! first shail be appi{ed in pay~nen! of the interest and then on the unpa d balance of the princ:pal sum. If default ii made in the
,„mrnt of any insta:imene when due, ar.d iuch d_fauli cotu~nues SO days, then at tt~e opt~on of Ihe holder, and vairhout any other notice, all the remaining
s'3ilments shall be due a~:d payabie at cnce. Pr~~ile~e is ~~vcn to prepay this note in wno~e or in part at any time without penalty. Neithe? fweb~arance, .
accep?ante by the ho:der thareof afrer any drfau;t in any va~ments hereo~, st~al~ be deemed extens~on. A late payment eharge o4 Z1S~ 50 , snall bt
:~d ro each ~nsra;;~r.rnt remain~~:g unpa~d 7 ti,+~rs afrer ~ts due date, and a'.e w n~i,aii be addrd ro~each such installmeN rema~ning unpaid 7 days after
cn wcceeding pa~rnrnt d3'r'. _
Fach maker, su~et~• and endorser hareof, jofnNy end severally, wa~ves ile~rancl, preSCntmenl protest and r.otice of p:otest iw nonpaymeN, and furtler
•~~~•es to any eatens~or: of nme of p.,yme~~t, dther D~fore or af!er maturi;y, wrtnout ;~t~ce to any of us; and to pay a? costs of collec!~o^, intlud~nq a
_;~ab!e attorney's fee m the event of a~y d~ fa~:t hPre~nder, and hereby seve~aily waives ail benefit of homestead and exemption undet fhe tonstitulion
y'a~vs of each S+ate of !he Un:+ed Sta~es, as aga~nsi ihfs obl~ganon or any e~!ens~on or renewa! hereof.
Y,l~mesa the hand and sral o` each pjrtv.
s/Oscar L. Shewmake ($EAl)
cs~r?u
sjSandra W. Shewmake (SEAU
ts~?u
_ _ ~~5~ 3~_- ) S~3te Revenue
~ r,~s eert+ce4ee! e+r eeigk~s(~ere)
NO;fV, THEREFORE, the MORTGAGOR for the purpose of securing pav'~~ent of sa'd sum of S 36,~•~~ snd the performance of the
.~•,an:s and agreements hefeinaher expreued, and for d~vars good ~nd va,~abfe cons~derot~ons, by lhese prcseMS, does grant, bargain, sel~, remise,
_:se, ccnvey ar.d conf'um unto rhe MOR7vAv£E, =ts svccessors and assigns, ati that cerrain lot, piece or parcet of land, situate, lying, and being in the
,.;:~nty of _ St. Lucie and State of Florida, described as foltows:
:.ot 19, SHERM~OD ACRES UNIT 1, according to the plat thereof on f ile in Plat Book
14, Page 43, Public Records of St. Lucie County, Florida,
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; '~~CvPh,~N~r~t,~ . R[CEIVfD IN PAYMEttT OE TAXES
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Uk~ ` L~ 1~~. :~r~/ DUE ON ClJ1S3 'C INTANGIBLE PERSONAL PROPERiY~
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fi -~ether w~th a~l and sing~(ar the tenements, hered~taments and appurtances ihereunto belonging w in •nywise appertaining thereto, and all re~ts, iu~ef,
~ .-eceeds and profits atcr~mg and to accrue from. safd prem~ses, all of whfch are induded in the above and foregoing dewiption and habendum.
TO HAVE AND TO HOiD the above descr~bed and granted prem~ses unto the said MORTGAGEE, i?s successors snd assigns forevei. And tFN said
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~ .;RTGAG^vR for ---thQ12 heirs, eaecutors, administrators and assig~s, hereby covenanti with the said MORiGAGEE, its successon and ~qipm, ~
; __they_are__ ,aWr~„Y se~xed of the said prem~se~ in fee simple; that the same are free, dear and d~xharged from •II liens ~nd ~ncvrt?~
.-e~.ces ~n law or in egu~ty, and that thev will and hp~r neirs shall warraot and defend the title to the tame ro the said
:~RTGAGEE, ~rs avccassors and assigns, forever aga~nst the iawful claims and demands of all persons;
PROVIDEO, AIY~AYS that if rhe MORTGAGOR eha11 pay unto the MORTGAGEE !he promisiwy note hereinbefwe deuribed and shall t?uty, promptly
i fu:iy perform, d~scharge: execute, compiete, comply with and abide by each and every the stipulations, agreemeMS, coodi?ions and tovenants of sa"id ~O
::ssory rwte and ef this 4latgaga, then this fAc+tgage and the Estate hereby ueated shall cease and be null and void. ~
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IT IS UNDERSTOOD that the word "Mortgagoi' whether in the s~ngular or plural anywhere in this Mwtgage, shall be sinyular if one only and 3
c' be plu~al jo~ntly and severaily if more tEian one, and that the word "their" as usad anywhere in this Morigage shall be taken to mean "hi~" "hen,"
• ~rs," wherever ihe contex: so ~mplies or adm~ts. Alio, that wherever there is s reference in the covenents and agreemenri herein contained fo any oi ~
•'•e parties herero, the same sha11 be construed to mean as well as the heirs, lega) representatives, successws and assigns (either voluntsry by ~ct of the ~ ;
; srriss or involunfary by operation of the law) of fhe same and that the covenants herein contained shall bind ~nd the benefiti and adwntsges inure ro ;
, the respective heirs, legal representatives. s~ccessars and ass~gns of the par~ies fiereto.
And said Mortgagors, fw themselves and their heirs, tegal representatives, successors and assigns, hereby jointly and severally tovenant and ayree ~
~o and with ihe said MORTGAGEE, its successors and assigns:
1. To pay all and fingular the prinupa! and interest and the various and sundry sums of money psysble by virtue of said promissory note, snd thii ~ i
~ ort~age, each and every, promptly on the days respectlvely the same severally become due. V.7
2. To pay a!1 and sirgular the laxes, asiessments, levies, liabilities, obligations and encvmbtances of every nature and kind now on faid destribed ~ ~
o•operty, a that hereafter may be imposed, suffered, plated, levied, or asseued thereoo, or that hereafter may be levied w~sse~sed upon this Morfg- s
;:s` e:se, or the indebtedness secured hereby, each and every, when due and payable, xcording to law, before they become delinquent, and before any intere~t '
- •'~-.cnes or any penalty is incurred; AND INSOFAR AS ANY iHEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED Of 3
~~'ORD AND THE ORIGIhAt OFFICIAL DOCUMENT ISUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENDORSED
CERTiFlED) SNAtI BE PLACED IN THE HANDS OF SAID MORTGAGEE Y1tiHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that eny thereof is not
~ d, sat sf~ed and discharged sa'd MORTGAGEE may at any tlme pay the same or any part thereof without waiving or affecting any option, lien, eqvity a
a'`~ •~~ht vnder w by virtue Of this mortgage and the full amount of each and every such payment shall be immediately due and payable •nd shall besr i~teresf
^ ',c..- d~re ~-i . n=_ .ate of ~;ne per centum per annum end together w:th s~ch interest shall be secured by the lien of th s morqtage.
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