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TH15 INDENTURE, Made the 26t h day of March • A.D. 19 75 betwten
Lloyd TaSrlor an~ Clotilde F. Taylor• his wife
af Sti (~12C1Q Counfy Fiaida, he~einafter designa~rd as ~hQ "MORTGAGOR;' end FIRSi FEDERAI SAVINGS AND LOAN
ASSOCIATION OF FORT PIERtE, a corporot~o~ wganized and e~~~tin9 und~r fhe laNS of thc Un~ted Statos of America and havirg i» principal place of
busineas in the City of fort Pierce, St. lutie County, Flwida, hereinafter designated as the "MORIGAGEE."
WHEREAS the MORTGAGUR is juslly indebted ro the MORTGAGEb.+n t!w s:,m cf S-- Y~ a4O0• good and lawful money of the Un:ted
Srates advanted by the MORTGAGEE unto the MORiGAGOR, as evidented by a cena~n promisiory nole of even date herewith, pf which the fol;owing in
~ords and iigures is a uve copy, tu~wiC
s_ 18.~ 400.00 _ 1'; 1 s nto 1~S~~,t ~9
Po~I Pieres, Flo~ida, ~rch 19 75
For va{ue receiveJ, 1, ~,vice or either of us, prom~se lo pay, w~thout defatcar;en, to the order of fIRST FEDERAI SAVI 'tt{'i5 AND ~rJAN•ASSGCIATIQN OF
~;i2T PIERCE at Fort P~erce, flaida, the sum oi s__~4QQ.~_____ v.uh ~r~~rrest irom date at the rate of Q~r arn~m, in moNhly :nstalb
~~a as fo~'ows: 5--16~-~00 _ cn the?Oth day of Ju_ly r___ 19_75__ and a like s~m on the cor~espend~~ day of each rronth ~here-
,,er c.n?i~ the who!e ~ f~lly pa:d.
Each ~nsta~lment first ahalt be app!~ad in pay~nenl of ihe lmeres~ and then on the unpa~d batance of the prinNpal sum~ if defauft is mads in the
,,~~~ant of any inst,tl+~~ent when d~e, and wch defeult ivn~~nves 30 days, then at the option oi the holder, and w~thout any othN notice, atl remaining
~stal(ments shall be d~e ar,d payab~e a~ once. Pnvile~e is given to prepay this note in whofe or in part at any time without penalty. 1~~'-itt fotebearante,
r.~~ .~cceptance hy 1Fx hoider thereof afte~ any default in any paymems hereon, shal! te ci=emet! extension. A late payment tharge ..t s_$ .l.i_, shall be
.,i~:d to ezch insra„ei~nt remain;ng un~,a,d 7 days ait~r its dve detr, and a h:.e sum s"r~i11 be added to each such instailment r_~i~aining unpaid 7 days after
~-,ch succeeding payment date.
Each maker, swety and endursr~ hereu~, joimly and srverally, wa;ves demand, presentmenr protest and not~ce of protest fw nonpayment, and furthe~
a_~~res ro any exrension ef tne:e of payment, r~tner ceEorE o+ aft>r n;a~ur~ty, wfthout not;ce ro eny of us; and to pay all eosts oi eollection, indudinp a
.~sonable a+tomey's fee ~n rhe evenr oF any driaolf hereunder, and hereby se:~-ra:iy .vai.es a~t benef;t of nomestead a~d exemption under 1he constitulion
:i !aws of each S~ate of ti~e Un~tzd ~ta~as, ~s ay.~~nst thi; o6:.ye+wn or any eR~en;,on or rrnevial hereof.
'vVitness the hand ard seal o` eaci~ ~:aity.
(SEAU
S/ Lloyd Taylor ~5~i~
. csent)
S/ Clot i lde F. Taylor ~U
i27.6O ) S~a?e Re.~e;:u~ .
x ~ I~Y7tD~61~XdlXol~ )6~G~JLX7ki6~C
NO'JY, THEREFORE, the MCRTGAGOR for the p~~r~cse of sec~ri~ paymem r.f said a~m of s 18 ~4~0_ DO „ end the performante of the
.orenants ~nd a~reen:enfs heretn,,f~er e;pressrd. and ior d~+ers good and valuabte considcrations, by these preunls, does grant, bargain, sell, remise,
~!ease, tonvey and cunfrm ~nt~ the :~ORTGAGEf, its svccessors and assiyna, a;! ;hat certain lot, piece or partel of land, situate, lying, and being in the
: o~~nty of _ SL ~.pC le ~ and Sta1e of Ftarida, desvibed as followt:
South 15 feet of Lot 4 and all Lot 5. Block 4, South 25th Stzeet Subdivision,
as per plat thereof on file in Plat Book li, page 46 of the public records
of St . Lucie County, Florida. ~~~.0 ~O~oJ' ~~U/~
S'TATE ~F ~L.GR'D~; ~
~ i~OCUMEN7ARY, S1 AN! ~ T h a_ ~ O ~~P*~r
c Ut~,?. GF i'EY"ttiUE . Y :~y ~ ~ \K Y"..~t~ .
_ • J ~ Z 7 6 U ~ ~~9~E pE(t~pE 19~1.
~ ~ - p'a Z^ ~ REGE~~IASS ~~,p~Ep 1~.1 ~ ~
f " D~~~,t ~0 ~ tl~,~~ ll~I~~ ,
s r~qY. V~~,j ~
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~ ::aether wlth ail and singular the tenements, hered~taments and appurtances thereunto belonging or in anywise sppertaining tbereto, and atl rents, iuves,
g ;•oceeds and profits accru~ng and to accrue from said prem~ses, all of which are included in the above and foregoing deuriptioe and habendum.
~ TO HAVE AND TU HOID the above deur~bed and granted premises unto the said MORTGAGEE, its suctessors and asaigns fwever. And tM said
their
'~RTGAGOR for heirs, exec~tors, administrators and assigns, hereby tovenants with the said MORTGAGEE, its successors ~nd ~upm,
~ , a} L hey_ are iaWf~ii~ sefzed of the said prem~sea ~n fee simple; that the same are free, clear snd diuhsrged from all lieru and encvrr~
~ ;•ances in law or in equ~ry, and thar_they a~d the ir hein ihall warrant and defend the title to the same to the s~id
~ ~RTGAGEE, its svccesso.s and assigns, forever against the lawiul claims and demands of all persons;
~ PROVIOED, AlWAYS fhat if fhe MORT6AGOR shall pay unto the MORTGAGEE the promiswry rate hereinbefwe dewibed snd siull fruly, promptly
x fu:ty perfo~m, d~scha~ge. execute, compiete, comply with and abide by each and every the stipulations, agreements, conditions •nd covenants.of said
_ -.~~ssory note and of this Mortgage, then +his Nbrtgage and the Estate hereby created shs!~ tesse and be null and void. ~ T
'4 IT IS UNDERSTOOD that the word "Mortgagor" whether in the s~ngular or plural anywhere in this Mortgsge, shall be singular if one only ~nd ~
' a!; be pfural jo~ntly and severalfy if more than one, and that the word "their" as used anywhere in this Mwtgage shall be t~ken to mean "his," "hen," ~
~ "~ts," wherever the conte~e~ so imp:ies or admits. Al~o, that wherever there is a reierence in the covenaros and sgreements herein toMained to any of ~ i
E •~e parties hereto, the same shall be construed to mean as well af the heirs, legal representatives, successws and assigns (tither vo!untary by act of the ~
e carr;es or invo:~nta:y by operatio~ of the Iaw) of the same a~d that the covenants herein tontained sMll bind arx! the benefiri snd adwntages inwt }
~ rne respective heirs, Iegal represenratives, succeseors and ass'gns of the parties hereto. ' ~ i
' Q
~ And said Mortgago?s, For themselves and their heirs, legal representatives, succeuors ~nd auiyni, hereby jointly and severally covenant and a~ree ~
•o and with the said MORTGAGEE, its successors artd assigns: M
1. To a all and si ular the rinti al and in~erest and the var:ous and sundr sums of mone s able b virt~e of wid romi3so note, and this ~
PY ~9 P P Y YPY Y P ~Y
~ orrgage, each and every, promptly o~ the days reipectively the same severally become due. A'
~ 2. To pay all a~d s~rgular the taxes, assessment~, levies, liabilities, obligations and encumbrances of every nature and kind now on said described v a~c s
~ aroperty, a that herealter may be imposed, wNered, placed, levied, or auessed tFxreon, or that here~fter may be levied p aasessed ~pon thh Mort9- ~Oa
~ age, w the indebtedness secu+ed hereby, each and every, when due and payabfe, according to Isw, before they bccome deli~quenf, and befwe ~ny tnttrest Om
~ 3++aches w any penalty is incurred; ANU INSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED Of
?ECORD AND THE ORIGItvAI OFFICIAL DOCUMENT ISUCH A5, fOR INSTANCE, TkE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSEO
~ ~~R ~ERTIFIED) SHAII BE PtACED IPl THE HANOS OF SASD MORiGAGEE WIiHIN TEN DAYS NEXT AfTER PAYMENT; and in the event that any tF~ereof is not
ca:ci, saYSfeed and discharged sa:d MOR7GAGEE may at any t~me pay the szme w any part Ihereof without waiving or affetting sny optio~, lien, equify or
~~Ght under or by v~•t~e of this mo.rgage and the f~tl amounl of each and every s~ch pa~ment shall be immediatefy due and payable and shall bear interest
rhr ~ia~e r~~-c~~ ~e d_,• •afe of ~1ne per cent~m per annvm and toge~her w;th such mterest thall be xcured by the lien of th s morgtage.
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