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iN{5 INDENTURE, Made the 3 r~ day of Apri 1 A.D. 19?
5 between •
_ Ro~er aird ancl Polly Ann Baird
of _~t . Lucie , Cpunry Flw~da, herei~after desiy~ared as rhe "MORTGAGOR," and fIRST FEDERAI SAVINGS AND IOAN
ASSA.I/1T10N OF fORi PIERCE, a corpora~~on organized and exitting under ~he ~~ws of the Un~~ed Star~s of Amcrica and having its principa) piace of
businesi in tM City ol fort P~erce, St. lucie County, Florida, he~~inafte~ detig~ated as the "MORfGAGEE:'
WHEREAS the MORTGAGOR is justly indebted to the A~ORTGAGEE io the s~m of S 4~ OC~•~~ good and lawfut money oi the Un:ted
Srares advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certa,n promissory ~ote of even dare herew~th, of wh:ch the following in
;.ords and figuros is a trua copy, to-wit: ~
s 40L000.00 N. a N,. 13000010
' Faf Pierca, Florida, APril 3 19 75
for value received, 1, we or eiiher of us, promise to pay, without defalcanon, ro the order oi FIRST FEDERAI SAVIf+lGS AND IOAN ASSOCIATION OF
FOR' PIERCE at For1 p;rrce, Rorida, the wm of a_ 4~~~00.00_ w;th :nteresi frorndate at the re!e of . 8!7~ per annum, in monthly install-
•,"rs as to~!ows: S-~?QaQ4 on the _?Othday of _.~ulX--.~_.. 19 _7S and a like sum on the corresponding day of each month there-
j~rer ~nti) the whoie be fully paid. '
Each installment first sha~l be app!~ed in payment of the interest and ti~en un the unpa~d balance of the principal sum. If defau~t is made in the
,~,~*~ent of any ins!a!Iment when due, and zuch d_fau!t contin~ea 30 days, ?hen at the opt~on of the holder, and without a~y other notice, atl the remaining
,ra!~ment~ shall be due and payab:e at once. Prrv~le3e is given to p~epay this note ~n whote or in part at any t~me without penalry. Nei~har forebearance,
~:,r acceptar.ce by the holdet thereof aircr any d~fault in any payments hereon, sha~l be dee:neJ extens~on A ~ate paymeM tharge of a16.'45, shall be
!.ied ro each installmant remaining unpaid 7 daya after its dve da~e, and a like sum shau be added to ea:h such installment remaining unpaid ~ days after
~.~ch succeedinq payment daro.
Each maker, swery and er,dorser hereoi, jointly and srveretly, wa~ves demand, presennnent protei~ and notice of protesr for nonpayment, and funher
~~re~•s to any extensio:+ of time of payrnent, eith2r bzfore or after maturiry, wirhout ;io!:ce to any of us; and to pay all cost; oi cot~ecjion, includ~ng a
~sonable attom~y's fee in rhe event of any d.fa:~t~ hereunder, and hereby seve~a!ly waives a~l beneiit of homestcad and eaernption undt~r the constitution
cl ~aws of eac~ S~ate ot rhe U~uted Stares, as aya~:,it this oul~yaiion or any extens~on or renewal hereof.
Wirnesa the har.d and seal of each parr~.
~ s/ Roger Baird ~Ai~
(SEAU
s Po l ly Ann Ba i rd ~s~~~
6O.00 ) $tate Re-fenue
NOW, THEREFORE, the MOR7GAGOR for the p~rpose of secvr~ng oayment of sa:d svm of S 4Os~~~~ , and fhe performence of the
covenar~ts and agreemenrs hereinafter expressed, and tor divers good and valuable co~s~deranons, by~these presems, does grant, bargain, sell, remise,
::ease, convey and confirm unw the MORiGAGEE, its s~ccessors a~d ass~gns, a!I that certain lot, piece ot parcel oi land, situate, lying, and being in the
County of $t. LuCie and State of Flo+ida, described as folfows:
Lot 19, 20 and the East 1/2 of Lot 18, Block 4, Unit 'Two
RIVERDALE YACHT CLUB ESTATES, according to the plat thereof
as recorded in Plat eook 6, at page 40, of the Public Records
of ~t. Lucie County, ~lorida
- 3,~09~ 703 - oo~~ - 000/7'
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~ S~!-ATE ~ Q~~Eh~o~Q~.
' F t_ O r=~ i u~, 1 ~e? "~p~,r. ~y~~.
j r~ ~v~ ~.J~titEN?ARYi i;
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~1ER 11Qp'((~`S~`E .
~ ~ ` - ~ ~U~~t S~ ~S' S`• ~
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~ •~gether with all and singutar the tenements, hereditaments and appurtances thereunto be{onging w in anywise appertaining thereto, and all rents, issues,
~ ; rxeeds and profirs acvuing and to accrue from said premises, all of which are inclu~'ed in the above end fwegang desuiption and habendum.
~ TO HAVE AND TO HOLO the above described and granted p.emises unto the uid MORTGAGEE, its successors and assgns forever. And the said
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s :'GRTGAGOR for - heirs, executors, administrators and assiqns, hereby covenanls with the ssid MORTGAGEE, itf suctessor~ and ~uipro,
~ ,~,a+ -thE-'y a rE'--- lawfutly seized of the said prem~se~ in fee simple; that the same are iree, cleer and discharged from ell liens and encum~
~ :,~ances in law or in equity, and that they _ W~~~ a~ _ thei r ~~~s thall warrant and defend the title to the same to the ssid ;
~ :1ORiGAGEE, its successors and assigns, forever against the lawful claims and demands of all persons;
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PROVIDED, AIWAYS that if fhe MORTGAGOR shall pay unto the MORTGAGEE the promisso?y nole hereinbefore destribed snd shall truly, promptly ~
>-d futty perform, d:scharge, execvte, complete, comply with and abide by each and every the stipulations, agreements, conditions and tovenants of said
~ ~~~~:•~~sswy note and of this Mortgage, then th+s Mortgage and the Estate hereby created shall cease and be null and void. .
~ IT IS UNDERSTOOD that the word "Mortgagor" whethcr in the singular or plu~al anywhere in thit Mwtgage, shal) be singular if one only and ~
~ ;ha!I be plural jointly and severally if more than one, and that the wwd "their" as used anywhere in this Mwtgsge shall be feken to mean "hif," "hen;' ~
"~u," wherever the context so implies or admits. Alw, that wherever there is a refereoce in the covenants and agreements heroin contained to any o(
~ ~he parties hereto, the same shall be construed to mean as well as the heirs, legal repreienrativES, successors and assigm (either voluntary by act of the
~ ;-,arr~es or involuntary by operation of the law) of the same and that the covena~ts herein contained shall bind and the benefit~ and sdvantsges inure i
•o rhe respective heirs, legal representatives, successon and ass~gns of the parties hereto.
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~ And said Mortgagors, for themulves and their heirs, legal representatives, successws and assigns, hereby jointly and sevenlly covensnt and agree 4
~u and with Ihe said MORTGAGEE, its successors and assigns: ~
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1. To psy all and singular fhe principal and intereit and the various and sundry sums of money payable by virtue of said promiswry note, and thi~ ///yyy~~~ ~
~ -~crrgage, each and every, promptly on the days respectively the aame severafly become due. A; ~
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r 2. io pay all and •ingular the taxes, assessmenes, levies, liabilities, obligations and encumbra~cet of e~ery natv~e and kind now on said dewibed x ~
~ property, a thst hereaiter may be imposed, suffered, placed, levied, or auessed the~eon, or that hereafte~ may be levied w esseued upon this Mort~- `Yo ;
age, or the indebtedness secured hereby, eacb and every, when due and peyab~e, according to law, befwe they become delinquent, and bafort a~y intereit om
~•~aches or any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISfIED AND DISCHARGED OF
~:CORD AND THE ORIGIhAI OFf1UA~ DOCUMENT (SU~H A5, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENDORSED
Gk CERTIFIED) SHALI BE PIACED IN 7HE HANOS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFiER PAYMENT; and in the event that any thereof is not ~
~,a~d, sat sfied and d~scharged sa:d MORTGAGEE may ar any t~me pay the same or any part thereof without waiving or affecting any option, lien, equity w
~~qhr under or by vir~ue of this mortgage and the full amount of each and eve~y such payment shall be immediateiy due and paysble and shall besr interest
~rom +tie da~e r~:e~ee< na d a! .are of n~ne per cenrum per annum and togefher w~th such interest shall be secured by the lien of fh's rnorg+age.
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