HomeMy WebLinkAbout0113 THIS INDENTURE. Made the 27th day of March A.D. 1975
- between +
. Wallace L. Rushing and Justine B. Rushing, his wife '
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St l.ucie '
of ' County fior~da, herrinafte~ des~~narrd as rhe "MORTGAGOR," ~r.d FIRST FEUERA~ SAYINGS AND IOAN
ASSOCIATION Oi FORT PiERCE, a corporot~on organizrd and exis~iny unde~ fhe laws of Ihe United Stat~s of Amerita end havit~g its principal place of ~
busme~s in 1he City of For1 Pierce, SI. lutie County, Flori~s, hereinaftet des~g~ated as the "MORTGAGEE:'
WHEREAS the MORTGAGOR is ju~tly indebted to tha MORIGAGEE in the wr of t~~•0O good and law!ul money oi the Un~ted
~tares adranced by the h50kTGAGEE unto tjte /JAOR' GAGOR, a~ evidenced by a~errom promisswy nole of even dato herewith, of whrch the foflowing in
.:o:ds and figures is a irue copy, to-wil: .
s SO,000.00 ~ r,~, 10021242
Fo~r P~~.~e, Flwida, MaYCh 27 ~y75
Fa val~e teceived, 1, we or rithrr of us, promise to pay, withaut defakatian, to 1he order of FIRST FEOERAI SAVINGS AND IOAN A.rSOC1AT10N OF
~:)RT PIERtE a~ fort Pie~ce, FIor~Je, thr sum of S~~~~!~~ w~eh ~nfe~est fro•n Jate at ~he rale of 8•7eJi'e per annum, in monthly instal6
~.ts as fotio-.rs: S 412'~ - on the _?Othday of 19_ 75_ and e like sum on the corresponding day of each month there- ~
.!er until lite +.vi~J
e be fully paad.
Each Ins~allment first ~hall be appt;rd in p~jy~nent of the imerest and rt,ee on thr. vnpaid balance o~ the princ~pal sum. If defauN ia made in the
•,.nt of any ~ns!a!Iment whrn due, and wch d<<auli tont~nuea 3D day~, then ar tha oHt;on of the ho~der, and without any other notice, all tlx remaining
•~s+a~;merts shail be due ar:d payahie at once. Pnvde;~e is g~vrn ro prepay this note in whole or in part at any time withouf penslty. Neither forebearante,
~~o~ ecceprance by the ho'Jc•r thereof after any detauh in any paymen~s hereon, sh~~l 6e deemed extension. A late payment charge of S_~~ shsll be +
.~J_•,1 to each instalime+~t iernaining unpa~d i deys after iM d~e date, and a~~ir sum skaii 6e addeJ w each tuch instalimeN remaining unpaid 7 days affer
,ch wcceedi~g payn•em dote.
Each makrr, svrery ard endo~:er 4~ereof, jo~ni!y and severally, wa~ves derr.ar,d, presentment protest and rtot7,e of protest for rtonpayment, and tv~ther
._i-res fo any exre~~s:on o! hrr.e o4 payme~t, eitM~: befo~e o~ after n.awr~r~, •«~±f;ou~ no+;ce to any of us; and to pay all costs of coilectio~, i~clud~ng e
•.s~nable attomay's fee ~n !he evem oF any dr'auit {rere~nder, and here6y SC~C'd1ly 'Nd1VCS all benefit of Fqmestead and eaemplion urtder the co~stifuYron
:i vs of each Sr.;r~ at !i~e Un.red Sta~rs, ay~~~lst thi~ obi~gation or any exeer.r~on or renrwal F.ereof,
Witness ~he hand a+:d seal of cach ~>;rtti•.
~ s/Wallace 1.. R ushing (SEAL)
(SEAt)
s/Justine B. Rushing
` `~75 _ S~ate Reven~e (S~'
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P~O:N, THERE~ORE, the MORTGAGOR io+ the ::urpose of eecuring payr.-.r,~t of sa~d sum of S~~~0•~~ , and the performance of fhe +
c,:e~anrs and ayree~r.enfs here~r.airer exp~ess~d, an~ for d~rers good ,r.d vatuat'e ccns;dera!iorts, by these presents, does gront, bargain, selt, remise,
_rse, convey and con6rm unte the 1.tOBTv:.GEE, ;ts wccrsscrs ar.d ass~9-~~. at: that cerrain Iot, piece or parcel of land, situate, lying, a~d being in the
~cunfy of Lueie___,__ and STate of Flor~da, de~cnbed u fotlows:
Lots 3, 7, 8, 9, and 15, 16, 17, and 18, Block 55, Town of White City,
Sect ion 4, Township 36 South, Range 40 Fast, as rec arded in Plat Book l,
page 21, public records of St. Lucie County, Rlorida,
ALSO ~ 3~0~ - 50/ - 030 9- 000~3
all of the alleyrray running East and West in Block 55 of To~vn of White City
as per plat thereof in Plat Book 1, page 21, Public Records of St. I.ucie
~ounty, Florida, lying between and adjacent to Lots 6, 7, 8, 9, 15, 16, l~
and 18, Block 55 of said subdivision. '
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•^~echer with a~l and singular the tenements, hereditarr.ems and appurlantes thereunfo belooging q in anywise appertaining the~efo, and all rent~, iuues, ~
r~o:eeds and prof~ts accru~ng and to atcrue from said premises, alf of whicF are included in the above and fweyoing dtwiption snd habendum.
TO HAVE AND TO HOID the abeve desa~bed and granted premises unto the said MORTGAGEE, its sutceuors and assigns forever. And th~ s~id ;
:'GRTGAG02 for heirs, execu~ws, adminfs~rators ar.d assigns, hercby covenants with the said MORTGAGEE, its suctesw~s a~d auiyru,
~ ~
the are ~
~ ~~r - y------ ;awf~lly se~zed of the said premises in fee iimple; that the same are tree, clear and dixharged from all liens and Mc~m-
~ thev
~.~~-.ces in law or in equiry, and that will and the ir heirs sball warrant and defend the title to the tame to the said
~ ."~RTGAGEE, its successors and assigns, forever against the law(ul daims and demands of all persons;
~ PKOVIDED, AL~VAYS tnat if the MORTGAGOR shall pay unto the MORTGAGEE the promissory ~ote hereinbefwe deuribed and thsll fruly, promptly
~ _:~d fu~ly perfo+m, d~scharge. e,eecute, comptete, comply wiih and a6ide by each and every the s?ipulations, agreements, conditioes and tovenants of t~id
E ....'^..SSOI~I note and o( th~s Mongage, then this Mortgage and the Estate hereby created shall ceau and be null and void.
~i IT IS I;NDERSTOOD that the word "Mortgagor" whether in the singular w plurol a~ywhere in this Mwtga9e, shall be singular if one only and ~
; ,:i be plural jointly and severolly if moro than one, and that the word "their" as used anywhere in this Mortgsge thsll be takeo to mesn "hif;' "hen,"
x :'~rs," wherever the context so i~nplies or admits. Alw, that wherever there is a reference in the covensnfs and agreements herein contained fo any of
~ r~.e parties hereto, ihe same shall be construed to mean es well as the heirs, lega! rep~euMative~, sutcesso+s and as;igns (eithet voluntary by att of the
~ ; arr:es or in~oiuntary by operation of the law) of the same and that the covenaMS herein contaioed shall bind and the benefitt and advantsyes inur~ ~
;~ne respechve heirs, legal representatives, successors and asrgns of the parties hereto. ~
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~ And said Mortgagors, for themselvea a~d their heirs, legal representatives, successon and auigns, hereby jointly and ieverslly covenant and ayree ~
~ •e and with the said MORTGAGEE, its successws and assigns: ry~ ~
vt/
~ 1. To pay all and singulsr the principal and i~terest and the various and sundry sums of money payable by virtue of said promissory note, and ihis ~
~ ~,o-r~age, eacb and every, promptly on the days rospeuively the ~ame severaily become due. A' ~
ti~[
2. To pay atl and singular the ta:es, assessments, ~evies, liabilities, oblgations and encumbrances of every nature and kind now on said described ~o ~
crope~ty, or thet hereafter may be imposed, auffered, placed, levied, or assessed thereon, w 1F~at Fvreaher may be levied w ~sussed upon this Mort
age, w the indebtedness secured hercby, each and every, when due and payable, sccording to law, before they become delinquent, and before any intereit ~m- ~
~•~..cnea w any pe~alty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED Of
QECORD AND THE ORIGIhAI OFFICIAI DOCUMENT (SUCN AS, fOR INSTANCE, THE TAX RECEIPT OR 1HE SAi15fACT10N PAPER OFFICIALLY ENDORSED ~
OR CERTIFIED) SHAII BE PtACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; a~d in the event that any thereof is not
na:d, sat'sfied end discharged sa:d MORTGAGEE may ar any time pay the aame w any part thereqf without waiving or affecting a~y optio~, lien, equify or ~
•~~ht vnder or by v~rtue of th;s mortgage and the full amount o~ eath and every tuch payment shal~ be immediately due and payable and shall besr inte~e~t
~ro~ rhe da~e +he~ecf ~,n~ . c-~ d•r ratr of n~ne per centvm per annum a~d together w~~h such interest shall be secured by the lien of !h's ~o+q~age.
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