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TH15 INDfNiURE, Ma:f~ the 28th day of March A.D. 191~~ betw~en
Charles Ja~Cannon~ Jr. and Pa~ricia A. Cannon~ his wife
of _ St• ~.UC~@ ~p~nfy Flotida, hereinaiter designatrd as the "MORTGAGOR," and FIRST FEDERAL SAVINGS ANp LOAN
ASSOCIATION OF fORT PIERCE, • corporat~on aganized and ex~sti~~g under th~ laws o1 the Un;ted Statet of Amerita and Mvinp iti p~incipal piaca of
bus~ness in the City oi fo~t Pierce, St. lucie County, FI«ida, hereinaiter de~ignated as the "lNORiGAGEE:'
WHEREAS tfie MORiGAGOR is j~stly indebled to the MORTGA(3EE in,the-sam of S 37~8~~ ~ , good and Iswful ~o.~e~ of ihe U~~ted
Sr~tes ad~anced by the M~JRTGAGEE unto the MOkTGAGOR, as avidencrJ by a:eria~n promissory note of even date herowith, of wh~ch Ihe followiny in ~
~.crds and iigures is a true topy, to-wi~: ' n•! ~r• ~ 1; - t
z 37,500.00 ' ~ • ~ 1On21244 ;
~Fort Pierce, Florida, h'lareh 28 ~q_~ '
For volue received, i, we or either of us. ~romtse to pay, withovf defalcalion, )o the order of FiR~T FEDERAL SAVINGS Al~1D LOAN ASSOC~ATION OF
~:;RT PIERCE at Fort Pierce, Flori~la, the svm oE s_~~.~~~~~ . - with infrrest from Jate af ihe ratt o18 t75 °'o pK annum, in moNhly install-
.~~,fs as falows: S~1 a~~ _ on the ?~h_ day of i9 2.~2_ and a like sum on the co~reipond~ng dey of each month there- ~
e: ~ntil the whote be fuily pa~d.
Each insrallment first ahall be applied in payment of the interest and ~hen o~ the ~npaid baiance af the prinupal sum. If default is madt in the
,:;nrnt of any instal!n:ent when due, ar:d ~vch detauh conti~ucs 30 days, then ai ~ne epti~n of the holder, and without any other notice, all the remaining
,r,li~ne+~ts shail be due and paya~ie a~ once. Privilegr is yi~en to prepay this no~e in whole or in part 5t a~y time withouf penalfy. Neither forebearance,
acceptance by the ho!der theraof after any d~fauh in anr paymems hereon, shalt he deemed eRtension. A late paymem tharge of S 1~~ ~5 shall be
,_cl to each ~nsta:iment remalning unpa~d 7 days after its due date, a~d a~~ke,wm sFalf be added to each such installmeM remaining vnpaid 7 days ~fter j
,,h sutceeding paymen! date. -
Each maker, s~~ety and endorser herecf, joinr~y and severally, waives de-nand, presenfinent protesf and ~otice o~ p~otest 1w nonpayment, and further F
~~~_•~s to any ex~ens~on ol i~me of pvyment, .:i~her b~•4ore aftrr marur:ey, witFc,ur nonce to any of us; and to pay alI co~ts of colleetion, includ~ng a ;
~~sonable atrorney's fee m the evenr of a~y dr'auh here,;ndrr, and hcreby aeve~a:ir wa~ves all benefit of homestead and exemption unde~ the ta+stitWan
.'a•xs of each Srate of thr Unr,ed Statc;, as ay~insl this obi~y.+~iori or any ea!rns~on or renevral heieof. ;
W~tness thr ha~d and seaf of each parry. ~
s/Charles J. Cannon Jr. (SEAL) ~
~ ts~?i) `
s/Patricia A. Cannon (~~U ~
cs~+u f
~S6 ~ 7~ __.y STafe Revenue ' £
= "1~'T/~~.! la1~R Ilt~'OI~ ~M~'~IA}~M~l~ ~ i
NO'~1f, THEREFORf, ihe MOkTGP.GO~ for the curpose of secu~ing paymFr,t of sald wm of = 37~8~~~ , and the performa~ce of the
c,.:nant~ and agree~r.er~s here:net~~r expresacd, ar~d for d~vers good and vai~at'e cons~de~ations, by these presents, does gront, bargain, sell, rem~se, q
_~•.:se, convey and co:~t:rm unto the M02iGAGEE, its succeucrs and asaigns, a~l fhat cerrain iot, pirte ot ~.arcr! 04 !e~!d, tituate, lyir~, and beeng in the ~
z
~cunry of St • LuCie___^__ , and State of fbrida, descnbed a~ iollows: '
i
~ot 3, Block 1, ORANGE BIAS9~M ESTAT6S - SEOOND ADDITION, as per plat thereof ~
on file in Plat Book 14, page 2, of the public records of St. Lucie County~
Florida ~ ~~~1~2/-lr~OS-GL'103-000~7~
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~ ~TATE ~F _~L~N?D~~ 6° ~o~Q~~, 3
no:.uf~~EN~r,~F~r.- : ss~.nnc~ ~ I ~ ~NQ~'~v~o =
cJ vE;;t. i±EVEN~~E ' Y I E~~ p~ 1y~~~
`t' - = xiS->'75~'~:'~i ~ 5 6. 7 ~ ~ ~ ,C ~N~~B`13~~ ~S cUti
'I _ ? S . . ~ ~ { RE~ t~ ~~p R pO~~~C~E
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:e!her with all and sinquiar ehe tenements, hered~taments and appurta~ces thereunto belonging or in anywite appertsining theteto, and aU rent~, iuues, ~
! :.-oceeds and profits auruing and to accrue from seid premfses, all of which are included in the above aod fotegang description aed fubendum.
TO HAVE AND TO HOlO the above described and granted premises vnto the said MORTGAGEE, its suctesson and sssigns fwever. Ar?d th~ said :
:'^,RTGAG~O,,R, for -~1~------ heirs, executors, adm~nistrators and as:igns, hereby covenants with the ssid MORTGAGEE, itf suttessors snd ~sti~m, [
I --x+~-e~c--are-- !awf~lly uized of the said prem~ses in fee aimplr, fhat the same are free, clear and discharged fror.~ all liens and entunr ~
~-,~ces ~n law or in equity, and ,tiar_thev will and thQ~-1 he'ur shall warrant snd defend the title to the same to fhs taid
:'~RTGAGEE, its successors and ass~gns, forever against the lawfu! daims and demands of all per~ons;
~ PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promisswy note hereinbefwe dewibed and sF~~ll fruly, promptly
fu~ly perform, d~scharge, eaecute, complete, compiy with and ab~de by each and every the stipulalions, agreements, conditions and tovenantt of said
isory note and oF this Mortgage, then this Mortgage and the Estate hereby created shall tease and be null and void. ~
' IT IS UNDERSTOOD that the word "Mortgagor" whether in the ~ingular or plural anywhera in this Mortgage, shall be •ingular if ons only and ~
i •t,al! be ptural jodntly and severaily if more thar, o~e, and that the wwd "their" as used anywhere in thif Matgsge shall be taken to mean "his;' "hen;' Y?
_"ifs," wherever the context so imp;ies w admits. - Also, that wherever there +s a reference in the covenants and ayreements herein contained to ~~y of ~ j~
~,e pariies hereto, the same shall be construed to mean as well as the heirs, iegal representatives, tuccessors and auigns (eithe~ voluntary by att of fhe ~..i ~
ca:tles or involuntary by operation of the law) of the same and that ?he covenants herein tontained shall bind and the benefiri and sdvaMsyes inure
~ ~he respective he~rs, legal rep~esentatives, successors and ass~g~s of the parties hereto. W I
And said Mwrgagors, for themseives and theer heirs, legal repreuntatives, successors and assigns, hereby jointly and severally covensnt •nd pr~e ~ 5
~ ~e and with the wid MORTGAGEE, its successors and assigns: ~
M c
' 1. To pay all and singular the principal and interest and the va~ious and sundry sums of money psyaSle by virtue of said promissory nofe, and fhis v~
; -~-tgage, each and every, Frompt[y on the days respectively the same severatly become dua ~
2. To pay all and sing~lar the taaes, ssse:sments, levirs, liabiiities, obligations and entwnbr~nce~ of every nature and kind now o~ said deuribed '+~L
i Froperty, or that hereafter may be impoud, suffered, plated, levied, or sssessed thereon, p that hereafter may be levied o~ assessed upon this Mwty- ;
.~ge, or the indebtedness secured hereby, each and every, when due and payable, xcording to law, before tF~ey become delinqvent, and befwe ~ny interest o
~ +racnes or arty penalty is inturred; AND INSOFAR AS AMY THEREOF IS OF RKORD iHE SAME SHAII 8E PROMP~IY SATISFIED AND DISCHARGED OF
~tCORD AND THE ORIG1NAl OFfIC1Al DOCUMENT lSUCM A5, FOR INSTANCE, THE TAX RECfIPT OR THE SATISFACTION PAPER OffICIAIIY ENOORSEO
~ CERIIFIED) SHALL BE PLACEO IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any iFxreof is not ~
i ;:~~d, sat'sfied and discharged sa:d MORTGAGEE may at any time pay the sartx or any part thereof withOUt waiving w affecting any option, lien, equify or
C •~ahr under or by virtue oi !his morrgage and the ~ull amount of each and every such payrnent ihall be immediately due and payable and shall bear interest
j.r r!h~ r.,,e r; ,,~-f .;~r : .~re of n~ne per centum per annum and together with such interest shall be ucured by the lien of th s r+o.grage.
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