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HomeMy WebLinkAbout2730 ~0~6~$ ~ THIS INDENTURE. Mad~ 1h~ 25th d~y af March p, ~y75 ~ p~t,Nk~ Blzie W. Godwin, Jr. and Gt~vvnell C~dwin h~ c~i fe of St. LuCle County florids, Mreinafter ds~gnaled +s tF~e "MORTGAGOR;' and FIRST fEDfRAI SAVINGS ANp IOAN ASSOCIATION OF fORT PIERCE, ~ capaation w~anized and exittirg unda ths laws of -ths United Sta~ai of Amcric~ and. Hsvinp ib principal pl~ce of bvsinsu in tM City of Fo.t PiKC~, St. luci~ County, florida, hereinaite~ detiflnated +s tM 1bQRiyOAC~EE:~ WHEREAS tM MORTGAGOR is jwtly indebt~d b t!w MORTGAGEE in tM sum of = Z7 ~ 6 ~ good and lawful money of the Un~ted States advanced by ths MORTGAGEE u~to ths MORTGAGOR, as evidenced by a certain prom~uuy note of even da?e herew~th, of wh:ch the followin~ in :«2'7, 6~0. 00 ~~PV. ~o-w~,: . ~ 11000299 F~ P~e«•, fiaida, March 25. i9?~ ior value received, I, we o? either of us, prom~se to without defalcat~on, to Ihe order of FIRST FEDERAL ASAVINGS AtJD LOAN ASSOCIATiON OF FORT PIERCE at Forf Pierce, Fbrida, the sum of = 27 f 6S~ w;~h interest from dafe at the rafe of~' ' 7596 per annum, in monthly install- ~nents as follows: on the 2Othday of July 19 75 and a like sum on the co~respondin9 day of each month thert- etrar :,a::t t a!e `.a tut~~ ~,oi~. Each instatlment (iret shall bs applied in payment of the interest and then o~ the unpaid balance of Ihe pri~x~pal sum. If default is made in the payment of any installment when due, and such default continues 30 days, then st the option of the holder, and without any other notice, all the temaining ~nstallments shall be due and payable at once. Priviiega is given to prepay this noto in whole w in part at any time without penalty. Neither forebeara~te, nor acceptance by the holder thereof after any default in any payments hereon, shali be deemed extension. A late payment charge of ~11 . 35 shall be added to eath installment remaining unp~id 7 dayi after its due date, and a like sum shall be added to each such insta?Iment remaining uapa~d 7 days after each succeeding payrtxnf date. Each maker, surery and endorser heroof, jointly and severslly, waives demand, presentment protest and notice of p~otest fw nonpayment, and {urtFxr agrees fo any extension of time of payment, either before a affer maturity, witk~wt notice lo any of us; and fo pay aIl costs oi collection, including a reasonable attwney's fee i~ the event of any defautt hereunder, and hereby severally waives all benefit of homestead and exemption under the constitut'a~ and laws of each State of ihe United States, as against this obl~gation a any extensio~ o~ ~enewal hereof. Witness the hand rnd seal of each party. Elzie W. Godwin, Jr . (SEAL) ' ~ ' ~ • ' (SEAI) ne Wln (SEAu $41. 40 . tsewu ( 1 State Reven~e . ~6~~1i~C~fJ~fK~blqft NOiN, THEREfORE, the MORTGAGOR for the purpose of securing payment of ssid sum of = 27 ~ 60~• and the periwmsnce of ths covenants s~d agreemenrs hereinalter expressed, and fa divers good and valusble consideretions, by lhese prcsents, does grent, bargain, selt, remise, release, convey a``~ onfirp+ untQ the MORTGAGEE, its tuccessws and ~ssigns, atI that certain lot, piece w parcel of land, situate, Yying, and being 1~ the County of • LuC 1 Q and tate o. Florida, dewibed as follows: ~l ~l ' ~G~ - l~0/~ - C~/G The West 15 feet of Lot 14 and all of Lot 15, PASEO PARK, as per Plat thereof recorded in Plat Book 10, Page 61, Public Records of St. Lucie County, Florida. ~:JT~-T' E~~ F!_O R! D,`,a I ' D'~CU;V`,ENTAKY ~ ~ St~~~1i• It,}_ I ~ v~ L~ ~T' I.t:f i:~VEhi1E '~`,~~~5 I C ~ _ ~~i..:2e ` 4 t. ~ 0 i r~ - . P 8. ^ ~ ~ ~ m = ~ ~ c"s ~ ~ . ~ S`,S. ~ 0 PM~,~,,,~,yR~ ~M~NMS~ei~'~P"'~I't~ ~ t~cEs ~ ~'13t, ~S ~ P~~ERry, ; ~ q~ ~~urrro~~ ~ ~Y~~. ~ ~ ~ ~~E F1A ~ ~ : : ~ ~ 9 ~ ~ ~ ~ rogether with all and singular the tenements, hereditsments and sppurtances thereunto belonging or in anywise appertaining thereto, and sll renb, iuues, g oroceeds and protits acuuing and to sccrue from said premises, all of which arc included in the above snd fwegang description and F~abendum. ~ TO HAVE AN TO HOID the above detuibed and graoted prcmises unto the uid MORTGAGEE, its succeuors and assiyns forever. Md fh~ said ~ ~heir - MORTG hevs, exetutors, sdministrarors and assigns, hereby covenants with the uid MORTGAGEE, its succeuws +nd ~upm, ~ are that lawfully uized of the uid premius in fee simple; that the same are free, clear s~d dischsryed from sll 1'~ens and ~ncurr~ ~ bra~ces in law a in equity, ~nd thst they W~~~ their he;rs shall wsr~ant and defend the title to the same to the said MORTGAGEE, its succe:sors and assigns, forever sgainit the lawtul claims and demands of all persom; " ~ PROVIDED, AlWAYS that if the MORTGAGOR shsll psy unfo the MORTGAGEE the promissory note htreinbefwe desuibed and thsll truly, promptly and fully pe?form, d~uhsrge, execute, complete, comply witF~ snd abide by each and every the stipulations, ~greements, conditiaa and covenants of said promissory note and of this Mwtgsge, then this Mo~tgsge and the Estate hereby ueated shall cease ~nd be null and void. ~ IT IS UNDERSTOOD that the wad "Mortgagor" whethe• in the singular o? plursl enywhere in this Mwtgsge, shall be tinyubr if one only and shall be plu~al joimly end ieverally if more than one, and that the wwd "their" as used anywMere in this Nbrtgsge shall be taken to mean 'bit;' "hen," 0~ ~ or "its;' wherever the conteat so implies or admits. Alw, th~t wherever there is ~ reference i~ the covenam~ snd agreeme~ts herein conuined to any of ~00 ~he parties hereto, the ame sFwl) be construrd to mean as well as the heirs, ley~l rtpreseMatives, succeuws and sss'gro (eitF.er voluntary by act of tiw ~ partits o~ involuMery by opewtion of the law) of the ssme and that the covenants herein contained shell bind a~d the benefit~ and advants9es inu?t ~ ;i; ro the respective heirs, leyal representatives, successors and asrgns of the psrties hereto. And said Mo~tgagors, for themselres and their heiri, leg~l reprexntslives, successas and assigra, hereby jointly ~nd severally covenant and ayree ~ ro a~d with the said MORTGAGEE, its successws and assigns: ro t 1. To pay all ~nd tingular the principal and interest and tF?o vsrious and sundry sums of money p~yable by virtue of said promissory rate, and this ~ ~ mortgsye, each ~nd every, pomptly on the dsys respectively the same severally become due. !~w ~ :3 ~v ~ N~ 2. To pay +II +nd sirgula? the tsxes, assessmenn, levies, liabilitie~, obligations and encumbr~nces of every nature and kind now on said described - property, or th~t hereafter may be imposed, suffered, plxed, levied, w+ssesud tF~ereon, w th~t hereafter may be levied or assessed upon this Mwt¢ r? age, a the indebted~eu secured hereby, esch and every, when due and payable, accordirq to law, befwe they become deliaquenl, and befwe any interqt i ~ atraches a any penatty is incuned; ANO INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII BE PROlNPTIY SATISFIED AND DISCHARGED OF ' RECORD ANO THE ORIGINAI OFFICIAt DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFF~CIALLY ENDORSED i OR CERTIFIED) SHAII BE VIACED IN TNE HANDS OF SAiD MORTGAGEE WITHIN TEN DAYS NEXT AF1ER PAYMENT; and i~ the evenl that any the~eof is not ~ paid, saYSfied and discharged ia'd MORTGAGEE may at any time pay Ihe same w any part thereof without waiving or affectiry any option, lien, equity u V~ •~qht under or by virtue of this mortgage ~nd the full amount of each ~nd every such payment sha~l be immediately due and payable and sAsll bear interest ? <<om the-date thercof until p~id at rste of ni~e per cen~um per annum ~nd together w~th iuch interett shall be ucured by the lien of th:s moryt~e. ~ ~ ~Y; s-`~ "r - _ - _ ~ ' - ~ - - - ~