HomeMy WebLinkAbout0945 ~~~5~0 ~ :
THIS INDENTURE, Made ~hc 9Lh day of _ April A•p• ~97-5 ~ bet`"'°°^
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_ _ nng~h._g~Bourattaa ~,~,q
--~-ra__?"~ ~ ~ ~ • • ~
of " SL . ~.d,lC le Co~nty Elonda, hercinafrer designared as tM "M R(3AG~R~' and iIRST fEDERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE, s corporaYOn organized and exe~ting under the tawt o( ths U~~tsd Statoi of Ame~iu and having ib printipal pl~u of
busme~s io the Gi1y of Forl Pierce, SR. luue County, Fiotida, he~cinaher des~p~eted a~ tiw "MORTGAGEE."
WHEREAS Ihe b1QRTGACaOR is ~uiNy indeL~ed ?o the MORTGAGEE in 1M wm of f._. 24 ~ OOO. Q~~, 9~d and law{ul money of the UnACd
rites nd~anr.ed by the IAORIGAvEE ~rto the MOkfGAGUR, as ev~dented by a c~rtnin promiaswy note of even date herewith, oi which the following in
_ ds and f~gures ~e a true ~opy. ro-w~t:
S 24 LO00. 00 ' ~01 002 1 2 6 8
Fort Fierce, Florida, A[~r ll 9 19~~ '
for v~:~e iece~ved, 1. •.v~~ o~ e~thcr af us, pro~„~se to pay, witieour Jeia~c~+tion, tc thr ordrr of FIRST fEDERAL SAVINGS AND IOAN ASSOCIATION OF
:i PicRCE al Fu•t P.c~cc. iio.~~a, ti~r ivm oi S__?4 iO~QaQ~ _ w.+h ~nte~cat irom date at the rete of _~i~~'o per annum, in monthly iruta~l-
, cs as 10l'o..a: _ 14~iQO on ti~e __~~thday of 19 7~_ and a like sum on the corresponding day ot each mo~Th there- ~ '
r vntd ti~r ~vhule ue t~ily paid. "
Each insta(In:ent f~:sf shall be appi~ad ~n payment of the imerest and tl~,.•n on ~he unpaid balance of the princ~pal sum. If default is made in the
•:ant of any insta:iment r.i,en due, .,~d such d~fa~lt cont,nues 3U days, then a! the opt~on of the holder, and without any other notite, all the remaining
~,':n;rnts shail be d~e and payao~e at anx. fnvileye is givrn to prepay thia n~le in whole or in part at any time without pe~alty. Neither forebearante, ~
. acceptente by the F+o;der thar^of after any drfau!2 in any paymems I1<'f@O'~. 5}13I! 6r deer.:ed e=tension. A lare paymeM Charge of =_~i9Q_, sh~ll be
, d ~o e.ch 4ns!a~ur:ent +e=nain:reg urNa:d 7 Cays uiter its due ~iaee, arK! a il~e so~r. a't~al! Le addrd to each wch installment remaining uapaid 7 days after
~c~~ su:cerd~ng ~aym.ent date.
Eech ~nakrr, surety ar•~d endcrs~~ 4~~reof, ~c,ntly and sevrra~~y, v~r~:ves de~iard, pres~ntmem protest and notiie of p~otest for nonpayment, and further
, r.•s to any ertenvn~~ oE hn~,e of ~~~:~r.~ent, .:::i:er c~fore ur aftcr ma~uriry, without r.c~~ce to a~y of us; and to pay all eosts of eollection, inelud~ng a
r au'c ati~~r,_•y"s fee ~n the e~'enr oi a:~y cic`auR ne~e.,ndzr, and hcreby se:e~a~!y ~.va~ves all ber,efit ei 6omestead and ezemption undrt the constitution
~.vs of eoch S!are ot ~;ie :in.sed J~LtCi. 35 a3n:r.st th~s ob~~yat~on or any c.~~r.s~on or CQIIC'NdI F~fCOf.
Wrtr.ess tfie hand and seai of rach par:y.
S/ Kenneth R. Bourassa ~AU
(SEAI)
S/ Diana 1.. Bourassa ~u
t
~36.OU - ~
) S!ate Reven~e
Ia )
NO`N, THEREfORE, the MORTGAvOR fu~ the •,-.w~,se of secur~ng pa,ment ~f ~a~d s.~m of ~ 24.~000•~~ and ihe performance of the
..,~ants and agree~r,ents here~n~fter expresx~•d, and for dlrers good and_va;uaole wns,dera!~ons, by theu prcsents, does g~ant, bargain, sdi, remise,
_sr, con~ey ar.d conf;rm unto the MOP.:L'aAGEE, its successo:s and asa+gn~, at; t1.at certain ~ot, piete oa partel of land, situate, lying, end being in the
c_nty of St . WC1Q and State of Fonda, descr~bed a~ follows:
3yoa- ~O~-~~o3-OOO/S!
Lot 9, Block 51, INDIAN RIVER ESTATES,-UNIT SEVEN, as per plat thereof
on file in Plat Book 10, page 75 of the public records of St. Lucie
County, Florida
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: ; M ~ RECEIYED
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~ ` ° D!E ON CIASt "C' IqiAt~I~LE PE~~ ~
~ pyR~lMIT TO q1~'TER n'1~~ IICTS OF 1971.
~ R06ER PORWIS ~ ~
CLERK CiRqlR OOURT. ST. lllC1E C0, FLA. ~
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-•her w~th ait arx! s~ngu~ar the +enements, Aered~taments and appurtances thereuNO belorging or in anywise appertaininy thereto, u~d aU reMS, issuef,
~,eeds and prof;fs accruing and to accrue from said premises, atl of-which are included in the above and foregarg dewiption and Mbendum.
~ TO HAVE AND TO HOID the above desc~~bed and granted prem~ses unto the said MORTGAGEE, its sutcessws snd auigns forever. And tFN Mid
~ . ~ R'GAGOR for ~~t--------- hei!s, exe.vtors, administrasors and ass~gns, hereby covertants with the said AhORTGAGEE, its suttesson and auipro,
the are
~i - ?awfulty seized of the said premises in fee simptr, that the same are iree, deat ~nd dixharged from sll IieM u?d ~ntvm-
~ ~^:es in law or in e ui. and thet_~~,~,`' wilf and their heirs shall warrsnt and defend the title to the same to the s~id
q 'Y. ~-a,~.
;~iGAGEE, its wcc?sso~s and ass~gns, forever aga~nst the lawfu! daims and demands of all persons;
PROVIDEU, AiWAYS that if the MORTGAGOR shall pay unto tfie MORTGAGEE the promissory note hereinbefore dewibed and shall fruly, promptly
~ f~;ly perfo~m, o.scharge, execure, comp:ete, comply with and ao~de by each and every the stipulatio~s, agreements, conditions and covenants of taid
:sa*y nore e~d of this Mortgage, then this Nlortgage and the Estare hereby created shall cease and be null and void.
IT ?S UNDfRST000 that the word "Mortgagor" whether ia the singular w plu~al anywhere in this Matgage, shall be sinyulsr if one ooly ~nd efop
~ oe plural jointly and severa(ly ~f more than one, and that the word "eheir" as used anywFrore in this Mortgage shsll be taken to mean "hii;' "F?ers," 0~
~rs," wherever the context so imp'ies or adm{ts. Also, that wherever there is a reference in the tovenants and sgreements herei~ contained to ~ny of ~
e parties hereto, the same shalf be construed to mean as well as the heirs, legal representativet, svtcessors and ~ssigns (either voluntary by att of the
~
°~r~ -r res or imo!umary by operation of the !aw) of the same and that the covenants herein contsined shall bind and the benefits snd advant~get inurt
~ che respective heirs, legal representatrves, successors and asrgns of the parties hereto.
~ And said Mortgagors, For ~hemsefves and their heirs, tegal representatives, successon and assigna, hereby jointly ~nd uveully covenant and ayree ~
~ ~e a-*d with the said MORTGAGEE, its successors and assigns:
1. To pay aH and singular the prirxipal and interest a~d the various and sundry sums of money payable by virtue of said promissory note, and thif
~ -:;rr3age, each and every, promptly on the days re:pettively the same severolly betome due.
~ 2. 7o pey all and singufar the tazes, assessments, levies, liabiiities, oWigations and encumbrances of every nature end kind now on Nid destribed ~
c-operty, or that hereafter msy be imposed, suffered, placed, levied, w auessed thereon, or that hereafter may be kvied w~uessed vpon fAis Morip-
a~~. or the i~debtedness secured hereby, each and every, when due and payable, according to I~w, before they become delinqvent, and before any int~rtst
••-c~~es w any penalty is incurred; ANO tNSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHAtI BE PROMPTIY SATISFIEp AND DISCHARGED OF
_~RD aND iHE ORiGIhAI OFFICIAI OOCUMENT (SUCH A5, FOR ~NSTANCE, THE TAX RECEIPT OR THE SAiISFAGTION PAPER OFFICIALLY ENDORSED
~ERTIFIED) SHALL BE PlACEO ~N THE HANpS OF SAIO MORTGAGEE WITHIN iEN DAYS NFXT AFTER PAYMENT; and in fhe event thsf any fhereof it not
~.i. sat sfied and d~scharged sa'd MORTGAGEE may at any t~me pay the same or any part thereof without waiving or aftecting any option, lien, equ3ty or
+ ~~der or by virtue of this mortgage and the futl amo~nt of eath and every such payment shalt be immediately due and psyable and sha(I bear i~terest
j.rr- ~ir•.. +•..-e^' ;•e r! f~ ~a~e of n~ne per centum per annum and together w~th s~th interest shall be sewred by the lien of th's morg+>ge.
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