HomeMy WebLinkAbout0401 . ~ COR RF~CT I Vfi MORTGAGE
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TMIS INDENTURE. Mad. +r,~ 28th day os Reli'ruary A.O. 19~ ~nN~~
B. G. Lancaster a/k/a Bill George Lancaster and Irma J. ~-an~aStp~' a!k%~ ~
Irma Jean Lancaster, his wife .
of St. Lucie County Fiorida, hareioafter designated as the "MORTGAGOR," and FIRST FEDEkAI SAVINGS AND LOAN
ASSOCIATiON OF FORT PtERCE, a corporation wganized and existing under fhe laws of ~he Un~ted St~~~s of America and havir~g iU principal PIK~ of
busineu in ths City of ~t Piace, S~. lucis County, florida, herei~aftar designsted as the "MORiGAGEE." !
WNEREAS the MORTGAGOR is ju~tly indebted to the MORTGAGEE in the sum of S 15 ~~~•0O , good snd lawful money of the U~~ted ~
Srates advanced by the MORTGAGEE unto rhe MORiGAGOR, as evidznced by a csrtain prom~ssory no~e of even date he~ewith, of wh;ch the followin9 in t
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~.f`~s~ ~is a true coFV. to-wit: ~ . ~ t r : • , ~ - 11000293
f . No
Fort Picrce, flwida, February 28 ~ ~y 7.5
fa vaiue received. 1, we or either of us, promise to without defalcation, to the order of FIRST FEQERAL SAVIMGSS AND LOAN ASSOCIATION OF
~::RT FIERCE at Fort Pierce, Plorida, the sum ot $_1'S with inrerest trom date at the rate of 9• 276 per annum, in monthly inslall-
~ 14~.00 20th A r
~~~,~s as (o.'ow~: j_.________. on the day of 19_~~ and a like ium on the cwresponding day of each month there-
3?rer until the whote be f~lly paid.
Each insra!l~nent first shall be app~~ed in payment of the intere:t and then on the unpaid balance of the p~indpal sum. If defauft is msde in the
; a;~nem of any enstallment when due, and such default com~nues 30 days, then at the option of the ho~der, and without any other notice, all the remaining t
~~sra!Iments shail be due and payabie at or.ce. Privilege is giveo to prepay this note in whole or in part at any time withoul penalty. Neither fwebearsnte,
~~or acceptance by the holder Ihereof after any default in any payments hereon, shall be deemcd extenslon. A late payment charge of s 7• 35 , shsll be
~d.:-~d to each instaliment remaining unpa~d 7 days after its due date, and a like sum :hall be added to each tuch instal~ment remaining unpaid 7 days after
e3ch succeedir.g payment date.
Each maker, surety and endorser hereof, jo;ntly and severa~ly, v.•aives demand, presentment protesf and notite of protest fw nonpayment, and further
~,grees to any extrnsion of t~me of paymem, enher before or afte~ maturity, withouf notice to any of us; and fo pay at! costs of collection, including a
..senab!e attorney's fee ~n ~hr evrnt o( any cl~fault hereunder, and hereby severaily waives all benefit of homestead and exemption under the constitution
ci iaws of each State of ~he Un~ted States, as againat thia obligation or any eatens~on or renewal hereof. ~
Witness the hand and seal of each party. ~ f
S/ B. G. Lancaster a/k/a +
~iT George Lancaster ?
S/ Irma J L~ncaster a/k/~~~~~
Irma Jean Lancaster ~U
~ X?CXXXX70CXXX7f State Revenue
;9G7LAI7f~6~C~1 note)
NOW, THEREFORE, the MORTGAGOR for the purpose of stcvring payment of said sum of = 15, 000• , a~d tF~e perfwmance of the
co:enants and agreements here~na(ter expressed, and for divers good and va!uable consideratioas, by these prcsents, does gront, bargain, sell, remise,
,:e:,se, convey ar,d conf~rm unto the MORTGAGEE, its :uccesson ar.d asaigns, all that certain lot, piece o~ psrtel of land, situate, lying, snd being in ths
:.ounty of St . Lucie and Statc of Florida, desuibed as follows:
The North 2 of Lot 3 and all of Lot 4, Block 4, Resubdivision of Part of
Block 4, of M. K. Moore Subdivision according to the Plat thereof on file in
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Plat Book 4, Page 53, of the public records of St. Lucie County, Rlorida. ~
~ 7 So~ - aap~3 - poG~/,~ ~
~is is a corrective mortgage designed to correct an ~
erroneous legal description appearing in that certain #
mortgage of even date herewith recorded in O. R. Book ~
237 Page 566 of the Public Records of St. Lucie County, ~
Florida, and upon which intangible tax has been paid ~
t
I~ as evidenced by receipt #375238. ~5
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;e~her with all and singular the tenements, hereditaments and appurtances ihereunto belongir?g a in anywise apperf~ining thereto, and all renfs, iuues,
:f~oceeds and profits accruing and to accrue from said premises, all of which are included in the above artd foregoiny description and habendum.
TO HAVE AND TO j~OID the above descr~5ed and granted p~emises unto fhe said MORT6AGEE, its suctessors and sssi~ns forevK. And the said
~ their •
','ORTGAGOR fa - - hein, executors, sdministrarors and assigns, hereby covenants with the said MORTGAGEE, in iuccesson and auiprr,
the are
-Y----- iawfully se+zed i the said prem~ses in fee simple; thst the tame are free, dea~ and dischsrged itom all lient-snd Mcum-
:.•ances in law or in equity, and that t~ey wi11 aod their hein shalt warrant ~nd defand the title fo the Nme to the ssid ~
:tORiGAGEE; its successors and assigns, Iorever against the lawful claims snd demands of all persons; t
~ PROVIOEO, ALWAYS ~hat if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note t?ereinbefwe dexribed and shall truly, promptly ~
~ a~c: fully perform, diuharge, execure, complete, comply with and abide by esch and every the stipula~io~s, sgreements, co~d~~ans •nd covensnn of sa7d
a; :~~o~:,ssory note and of this Mortgage, then this Mwtgage and the Estate hereby created shall cease and be null and void. ~
IT IS UNDERSTOOD that tF~e word "Mortgagor" whether in the singutar w plural anywhere in this Nkrtgaye, sMll be sirgular if orK only ~nd ~
~ sF,a~l be plural jointly and severally if more than one, •nd that the word °their" as used snywhert in this Mo:tgaye thall be taken to mean "his;' "hen,'
~ ,r '.its;' ~.~herever the contexr w implies w admits. Also, that wherever there is a refere~ce in tM covenants and ayreemenri herein contaened to any of
r~e panies hereto, the same shall be construed to mean ss well as the heirs, legal r~present~tives, svccesson and auipns (either voluntary by act of tM ~
Far!~es or involuroary by operation of the law) of the same and that the covenants herein conta~ned shall biod and 1M benefiri and edwMayes inw~
+o the respective heirs, legel representatives, succeswrs and ass'gns of the parties hereto. V
~ And said Mortgagors, fw themselvea and their heirs, legal reprexntstives, succcsso?t +nd auipns, hereby jointly and severally covenanf and agree ~
~ ~o and with the sa~d MORTGAGEE, its successors and assigns:
1. To pay all and singular t1x principal and interest and the various and sundry sums of money psyabk by virtue of said promissory note, and this ~
~-.origage, each ~nd every, promptly on the days rapectiveiy the same slaverolly become due. •
2. To pay all snd ~ingular the tsxes, assessments, levies, liabilities, oblig~tions ~nd encumbrances of every nature and kind now on ssid dewibed ~
oroperry, w th~t herealter rtsay be impoted, suffered, plated, levied, or essessed thereon, q that FereaftN m~y be kvied or assessed upon this Mwty-~o
age, or lhe indeEtedness aecvrcd hereby, esch snd every, when due snd payable, accwding to law, before they become delinqueM, and befort any interqt~m
asr~.ihes or any penalry is incwred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 8E PROMPTIY SATISFIED AND DISCHARGED OF
RcCORD ANU THE ORIGIhAI OFfIC1Al DOCUMENT (SUCM AS, FOR INSTANCE, iHE TAX RE~EIPT OR THE SATISfACTION PAPER OfFICIAILY ENDORSED
C~ CERTIFIED) SHAII BE PLACED IN THE HANDS Of SAIp MORTGAGEE WITNIN TEN DAYS NEXT AfTER PAYMENT; and in the event that any thereof ii not
paid, saYSfied and discharged sa:d MORTGAGEE ma/ at any time pay the same or any parl thereof without waivi~g u affecting ~ny opfion, lien, equity or ~
•~qht ~nd~r or by v~rr~e of tF~s mortgage and the full amount of eath and every such payment shal~ be immediately due •nd payable and shall bear interest .
i~•- d~~P r' : ^t. ~ a• ~a+e of nine per centum per annum •nd toydher w~th suth iMerest sh~ll be sewred by the lien of th s~crgrage.
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