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HomeMy WebLinkAbout0683 ~ . 30534~ THIS INDENTURE, Made the 21$'t day of March ~_i . A.D. 19'75~ batwee~ Edward T. Fearns, a sinqle adult - of ~ LLICl@ County Fluida, hereioafta deipnated as the °MORTGAGOR," and FIRST FEDERAI SAVINGS AND tOAN ASSOCIATION OF fORT PIERCE, a corporalior~ wp+nized and existinq under the laws of ths United Stat~i of Amerita and Mvinp its prjncipal pl~ce of i busiMU in ~I» C1y of Fort Pieru, St. luci~ Gounty, florida, Mreinai~~r despnated ai tM "MORTGAGEE:' ~ WHEREAS th~ MORTGAGOR is j~t1ly indebted to the MORTGAGEE in ths tum of i 12 ~~Q • 0~ , good snd lawful money of the tlnited ~ States advsnced by the MORTGAGEE unto the MORTGAGOR, as evidenced by s certa~n piomiuwy note of even date herew~~h, of wh~ch the following in wadi and figures is a true copy, to-wit: =12~000.00 No1100~298 ~n P~e.~., Flwids, March 21. 19 7~ For v~lue received, 1, we a either of us, promise t~o jay, without defslcatio~, to ~he orde~ of FIRST fEDERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at far Pierce, Florida, the sum of j 12 _ with interest irom date at the rate of 9:w pe~ annum, in monthly install- ments as fot:ows: S 122. on the 2Ot~1d~y af May , 19 75 and s like sum on the cwresponding day of each month therr ' i after unlil the whole be fully paid. Each installment tirst shal~ be spplied in payment of the i~terest and then on the unpaid bal+nce of the p~indp~l sum. If default is made in the ~ payment ot any instalimenr when due, and such default continues 30 days, then at the option of the ho~der, and without any other ~otice, all the remaining ~nsrallments ahall be due and payabte at o~ce. Privilege is g~ven to prepay thii r?ote in whole or in part at s~y time without penatty. Neither forebearance, nor acceplarxe by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment tharge of s~~! , shall be added to each installment remain~ng unpaid 7 days after its due date, and a like sum sha~l be added to each such installment remaining unpaid 7 days af1e~ each succeeding payment date. Each maker, surety and e~dorse? hereof, joinlly and seve?ally, waives demand, presentment protest and notice of p~otest for nonpayment, and fuAher agrees to any extension of time of payment, either before w after maturity, without notice to s~y of us; and to pay all costs of collection, includ:ng a reasonable attorney's fee in the event of any defautt hereunder, and hereby severally waives all benefit of homestead and exemption u~der the constitution 3nd laws of each State of the United States, as againat this obliyation or any extension a re~ewal her Witness the hand and seat of each psrty. 1' ' S~ dward T. Fearns (SEAI) . ~ a si ng le adu 1 t ~n~~ s ~~n~~ ~ i $18 . 00 (S~u) ; ( ~ Stste Revenue ' } 7CDOtpiXM9tlflatYll~i~1Q~l~C ~ NOW, THEREFORE, the MORTGAGOR fw the purpose of xcuring payment of said sum of s~..~ end the pcrformsnce of ths covenanls and agreements hereinafter expressed, a~d fw divers good and valuable considerations, by these prescnts, does grant, bargain, ull, remise, ~ reiease, convey and confirm unto the MORTGAGEE, its successw• and auigns, all that ce~tain lot, piete or parcel of Iand, tituate, tying, and being in the County of St . I-uCie and State of fbrida, dewibed as followi: ? ~ , Lot 20, Block 53, RIVER PARK, U1~IT #S, as per plat thereof on file in Plat F3ook 11, Page 31, according to the Public Records of St. Lucie County, ~'lorida. 3'~~9-5'~0-033~ - DOD// ~ . ` ~ • S i j ~ ~ ` . ~ / .~LS~P- ~.OQ ~ ~ ! ~;s'r ~ ~ `i.~ ~ ~ ~ ~~P~~`i . ~ ; ~ /~~.~tt~.~ ~ti _ ~ / : y ~ I 0~;= `~F • ` ~ _ Q~/ IN PAYIAEt1T ~ T~ € a . ~ ; ~ c~ u~t RECEIVE~ .C. 1lITANG~BIE PER90?tAL PROPEa(Y~ r ~ ~ s pUE ON CIASS R 71-134. I1~iS OF 191L ~yJl~ ° c~ py~SUJ1tiT TO CW~'iE • vr• ~ ~pGER PORRAS o RT. S(. Lt1C1E 00.. FIJ~. CIERK CIR(X1R ~ ~ ~ogether with all and singular the tenements, hereditaments and appurtances thereunto belor~ging w in anywiie appertaining fhereto, +nd all ~ent~, issu~s, ~ ~ pr«eeds and profits accruirg and to accrue frorre said premises, all oE which are included in the above and fwegoiny descriptwn and habendum. ~ TO HAVE AND iO II~ID the above desaibed and granted p?emises unto the said MORTGAGEE, its successors and auig~s iwever. And tfi~ said ~ ,1M1ORTG GOR for t!]elI heirs, executors, sdmin:straton and assigns, he?eby covenann with the said MORTGAGEE, its wtteswrs and aalyro, ~ rhat t~ dte-- Iawfully seized of the iaid premises in fee simple; thst the same are free, clear ~nd diuharged from all liens +nd ~ncurrf ~ ~ brances in law w in equity, and tha~hey W~~~ a~ their hein shall w~rrant and defend the title to the same to the said ~ MORTGAGEE, itt successon and assgns, forever against the lawful clsims and dem~nds of •II persons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefwe deuribed and thal) fr~ly, promptly , A and fully periorm, dischsrge, execute, tomp~ete, comply with and abide by each and every the stipulations, agreements, tonditiau and covensnri of s~id _ promissory note and of this Mortgaye, then this Mwtgsge and the Estate hereby ueated shall cease and be null ~nd void. , i ~ IT IS UNDERSTOOD that the wwd "Mortgagor" whether in the s~ngula? w plural anywhere in this Mortgsge, shall be singular if one ooly and ahall be plurel jointly and sevrwlly if more than one, a~d that the word "their" es used ~oywhere in this N?ortgsge shaU be taken to mean "his;' "hen;' ~ or "its;' wherever the context w implies a admits. Also, thal wF~erever the~e ii a reference in th~ covensnts +nd agreements herein contained to ~mr oiQy~ ~ rhe parties hereto, the ssme shsll be constrved to mean ss well as the hein, legal rep~esematives, sutcessors snd auigra (either voluntary by act of ti~ ~ parties or involuntsry by operation of tbe law) of the same and that the covenants Fxrein contained shall bind and the benefits and sdwntayes lnurs~~ ~ fo the respective heirs, legal represematives, successors and ass~gns of the parties hereto. ~ ~ And said Mortgago?s, fa themselves and their hein, legal representatives, successors snd assigns, hereby joindy and severally coven~nt and a~re~~ ~ to and with 1Fx said MORTGAGEE, its successors and assigns: ~ ~ 1. To pay all and sinpular the principal and interest and the various and sundry svmt af money psy~bk by virtue of said promissory note, snd this ~ mortg~ge, each ~nd every, promptly o~ the d~ys respectively the same sever~lly become due. ~ 2. To pay and singvlar the fsxes, asseuments, levies, lisbilities, obligstio~s and encumbr:nce~ of every nswre snd kind now on said descri property, w that hereafter msy be imposed, suffered, plxed, levied, w assessed thereon, or that hereafter may be lev'~ed w usessed upon thif Mort¢ age, or tl?e indebtedneu secured hereby, e+ch and every, when due and pay~ble, sccording to law, before thcy become delinauent, snd before a~y intere~ artaches w any penalty is incurred; AN~ INSOFAR AS ANY TNEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISf1ED AND DISCHARGEO RECORD AND THE ORIGINAI OfFIC1Al DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RE~EIPT OR THE SATISFACTION PAPER OfFIClAIIY ENDORSE OR CERTIFIED) SHAII BE PLACEO IN THE HANUS OF SAIO MORiGAGEE WIIHIN TEN DAYS NEXT AFTER PAYMENT; snd in 1he event that any fhereof is paid, sat"sfied and dixharged sa:d MORTGAGEE may at any time psy the same or any parf thereof without waivi~g ot effec+ing sny option, lien, equity a ~~qht under w by virtue of this mortgage and the full amount of each and every such payment ~hall be immediately due and payable ~nd shall bear interest ~rom the date thereof unfil p~id at rate o( nine per centvm per annum and together with fuch interest shall be secured by fhe litn of th:s mwgt~ye. . - - ~ ~ °~~'p : _ -~,c~- ~,'~.,-x ~~„~t ~ ~ "