HomeMy WebLinkAbout1098 ~o~ , ; - : f
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THIS INDENTURE, Made tht_ 11L~'1 _~~y of ~tarch ____T A.D. 19_75 between ~
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Kenneth R. Drew and Evelyn L. Drew, his wife, d/b/a Drew Construction
St . ~C1Q ~ounty iiorida, here~~ahcr das~ynar•d as the "MORTGAGOR," and FIRST fEDERAL SAVINGS AND IOAN
:~~}UCIATtON OF iORT PItRCt, a tu~porat~on organized and ex~st~ng u~ioe~ ~ne iaws of ine Un~ted S~atos of Amcri;a and having its princ~pai piace o!
b.,sme~s in the City of Fort P~e~ce, St. Lucie Covnty, Florida, hereinaher desi~nated as the "MORTGAGEE."
'NHEREAS ti~e AlORIGAGOR b justly inJ<b~ed ~o the MORiGAGEE in tt~e s~~~• of S. 24~~4. QQ___-- g~od and lawful money o4 the Un~~ed
~,+rs ad.•a~~cad by ~h~ ~,!pRTGAuEE ur.~o the f.10iiTGAGOR, as av~cienc~d by o.rri;.n pr:m~saOry nute o4 e+en dare here+y~th, of wh:ch the foilov.•Ing in
ds and fig~tes is a:ruc toyy, to i~:
; 24,000.00 ~0 10021217
tort Pierce, Fio~~:~a, March 11 ~q 75
for va'ue rece~vrd. i, ~ve or c~tt~e~ cf us, Fru~n se to pay, w~tF~~~~ det~':,i,o to ine r.~drr oi iIRST itDERAI SAVING$ A1riD LOAN ASSOCIATION OF
' PfERCE ar F~rt V.c:c<•. f:o~:.ia, th.~~ s~~ ~f S- 24l~~0-~ UO 'n'_resr fro~n J,.te at ~he rate o4 ~!75e per annvm, in ~no:ithly inslall-
: as i.;.'o:: s S ly a•~~ ~n +Ei.., 20t h ~,y of _ Apr i 1,__ ~9 7 5_ and a!~ke svq on the correspond~~g day of each month therr
untii thr w!.G:e be f.~~,!Y F.did. •
:ach ins~alL,-~r,r fr.sr shall be ap~':ad in ~:ayment of the ;;.terest and N.~~n ~ n •i~e u~:~;:,'d ba'ance of the pi~ncipal sum. If defautt is made in the
_~nt of any ~~~s!a . r.rr~` hhen d~c, .,::d s~th ~i•_iau;i cont~n:.es ~0 days, thcn at uF'.on of the ho.d^r, and witho~t any otner retite, all tFe remaining
~ -''~~~rrrs sha(1 ~e a,;e a~.J ,~ay.:b:c at ot`Cr. Pn.i~e~e is y~.zn to Nrepay this note?in v~~ho'se or in part a1 any t~me withcut penairy. Ne~ther forebearance,
•.+cceprarce b~ the ho'der rher~of alf~r any det.ault in any paymerits h•_!eo~, sf:nii t.-~ : e_rr.ed ext~z~s~cn. A late payment charge of 5-9-lQO , shsll be
d to e:ch ~nsra!.men! re:na~n[;~g unpa~d ~ days after +ts due d3re, and a se s:~n si~ai? ve added to each wch installment remaining unpaid 7 days after
. ~ sucCeB(~in9 (~a~~t~en2 1a'i.
Each make~, surety ar,d =r:i:;rsr• i~er,rof, ~;~ntiy ~nd severaPy, xa~:es de r:a~~d. ~.res~nt:nent atotest and notice of protest for nonpayrnent, and iurther
r s to any aare^s~~:^ o! r~n•.e u~ ~.f~~:rnt, ,_~r•~•r befure o~ ~f!er ~natur;ty, v~~r: o;~t ?o~.ce to eny of us; and to {:ay ail tosts of collection, includ~ng s
~abSe aerorn~•y s ier the eve,~+ af anY dcfiu~t !~2rPU~1~:f, d~~ hereb~ s~ .•~-a: ~:.a~ves ail b~nefit of homeatead and exemption undet the tonstitution
~ ~.vs of each ~~at~ et !i~e ~~~~ted 5!aees, as a~a- st ti,is obl,~at~on or any . .~~~n Jf renrv~al hereof.
YV~tness ~he hand and seal of cad: p:~r~~,.
' ~ ~ ' r 3 ' ~ (SEAL)
S Kenneth R. Drew ~5~~~
' (SEAL)
Y36.00 S/ Evelyn L. Drew, ~S~
- S:ate Reve~ue
d/b/a Drew Construction
NO'N, THEREFORE, the MORTGAGOR for the aur~;o:c of sewr:~g payment of sa~d svm of S 24 ~ 000•
~ and the performence of the
.e~ants and agree:ne~,rs here;~.oiTer eapressed, ano for d~~ers gctid and va~uabtr cc~v~erations, by these presents, dces grant, barga~n, sel;, rem~se,
se, convey and co~.f:.m unto the MvRIGAvEE, its s,,ccessors and ass~g: s, aEi f'r,at cerrain lat, p~ece w parce! of land, situate, lying, and being in the
_.,;r.ry of SL •_1-UC 1Q _ and State of Ffor:da, d?scr~bed as follows:
Lot 3, and south 30 feet of Lot 4, Block 6U, SAV UICIE PLA7A SUBDIVISION,
UNIT ONE, as per plat thereof on file in Plat Book S, paye 57 of the
public records of St. Lucie County, Florida
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e 4_:. e~ ; J~~~-~~; ' 3 6• l~0 IN PAYI~AEM~I~tOP~ES
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~ x~ ~ _ - i~- ~ 1l~iNiGIBIE PERSON??~
~ ~ : • c~ ~ ° l - - - ' . Dl~ ~ ~ ~ER 71•i3~. ACTS OF 1911 ~Y
~ . . . PY0.~1 ~ ~ RpGEq ?011 M
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Rl. 5(. ~L~1G~t C0 . FU?.
CLERK CIRC1111 C011
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~ • aerner with ali and s~ng~!ar the tenements, ~e-ed~ramenes and appurrances rhereunto belonging or in anywise a~pertaining thereto, and aIl renta, issues,
- . oceeds and proffts accr~~r,g and to accr~a from sa~d p~em~ses, aIl of which are included in the above and foregang description and habendum.
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~ TO HAVE AND TO HOLD +he above desuibed and granted premnes unto the said MORTGAGEE, its successors and assigns forever. And the taid
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~ ;~2?GAGOR for - heirs, e~ewtors, administrators and assigns, hereby covenaMS with tbe said MORTGAGEE, its successws ~nd sssiyru,
tf7Q~i ate ;3W,~;;r se]ied o~ the sa:d prem~ses in fee timple; that the same are free, ctear snd discharged irom all lien~ and encum- t
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•:~^_es in Iaw or in equ~ty, and !hst_ t heY__ _ will and ____t he 1 r__ hei~s shalt warraro and defend the title to the same to the uid
:~RTGAGEE, iti su<cesso+s and ass~gns, forever against the iawfut daims and demands of all persons; _
PROVIDED, ALVIAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promisswy note hereinbefwe dexribed and shall truly, promptly
- -d f~;1y perfo~m, d.scharge, execute, compiete, tomply wi~h and ab~de by each and every the stipulations, agreements, conditio~s and covenants of ~aid ;
~ n:sso~y note and of this Mcrtgage, the~ this Mortgage and the Estate hereby ueated shall cease and be null and void.
= IT IS UNDERSTpOiI that !he word "Mortgagw" whether in the singufar or plural anywhere in this 11Aortgsge, shall be singular if o~e only snd pn
s~ 3! be p!ural jo~ntly and severaily if more than one, and that the word "the~r" as used anywhero in this Mortgage shall be taken to mean "his;' "ircn," ~A
•`~ts," where~er rhe cu~te~r so impl~es or admi!s. Also, that wherever there is a reference in the tovenaMS and agreeme~ti herein contained to any of ~
- - e~arties herero, the same shall be construed to mea~ as wel! as the hei~s. legal representatives, successws and assigns (either voluntary by act of the
-r~+:es o~ involuntary by operarion af the taw) of the same and that the covenants herein contained shall bind and the benefits and adv~NSget inure
!he respeciive he~rs, lega) represensirives, successors and asrgns of the parties herero. ~
_ And said Mortgagors, for ~hemselves and their heirs, legal representatives, successo~s and assigns, hereby jointly and severally covenant and agree s
- ~e and with the said MORTGAGEE, ~rs wcceisors and assigns: ~
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t. To pay all and singular the pr~ncipal and in~erest and the various and sundry sums of money payable by virtve of said promissory note, and this ~„i
_ -orrgage, each and every, promptly on the days respectrvely the same severally become due.
- 2. To pay all and singufar the taxes, assessments, levies, liabiliries, obligations and encumbrances of every nature and kind raw on •aid desuibed o
, roperty, w that hereafter may be irrposed, sutfered, placed, levied, or assessed thereon, ot thal hereafier msy be levied or essessed upon this Nbrty-~~
a:~e, or the indebtedne~s secvred hereby, each and every, when due and payable, according to law, befwe they betome delinquent, and befwe any intere~t~
c~~es o~ any penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORD iHE $AME SHAII 8f PROMPTLY SATISFIED AND DISCHARGED OF ,
~CORD ANO THE ORIGINAL OFfICIAI DOCUMENT i$UCH AS, FOR INSTANCE, iHE TAX RECEtPT OR THE SATISFACTION PAPER OFFICIAIIY ENDpRSED
C6RT~FIED) SHAII BE PIACED IN TNE HANDS OF SAIU MORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; a~d in the event that any thereof is not
d, set sfied end d~scha~~ed sa d 1140RTGAGEE may at any t~me pay the same or any part thereof without waiving or affecting any option, lien, eq~ity a
- nt under o~ by v~rrue o~ this morrgage and the f~li ar*,o~nr of each and every such payment shall be immediatety due and p~yable and shall bes? interest
r~ +~c-n •h~ da~e t~P•o_c` ra d a' ~ate of n,ne per cent~m pe~ annum and !oge~her w~th such inrerest shall be secvred by the lien of th"s morgtage
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