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Home My WebLink About1788 3o612s ~ THIS INDENTURE, Msde the i5t'h day of April A.D. 19 75 between _ Gerard D. Langel and Sharon D. Lan~eel, his xife, of _ ~t• ~1C~@ _ County floride, hereinafter desiynated as the "MORTGAGOR." ar.d FIRST FEDERAL SAVINGS AND ~OAN ASSOCIATION OF FORT PIERCE, a corpwation wganized and existing unde? the lavvs of the Un~ted Sta~as of America and having ils principal plate of business in Ihe City of Fort P~erce, SL Lucie County, Flwida, hereina(ter designated as tha "MORTGAGEE:' WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in the sum of S 8~~~'~ good and lawful money oi the Un~ted Srares advanced by the MORTGAGEE unto the MORTGAGOR, as e~~denced by a certaln promissory note of even date herrwith, of wh;ch ~te following i~ .,o~ds and figures is a true copy, to-wit: s No_1~~1.~~~ Fort Pie?te, Plorida, April 1K, 19 77 For value received, I, we or either of ~s, promp~se to pay, wi~hout deia!;at~on, to ihe order of FIRST FcDERAt SApVINrGS AND LOAN ASSOCtATIOJd OF ~c:RT PIERCE at Fort Pierce, F~orida, the sum of S--tZ~ti'd1L~-YY-__~_ w,th i~~iv;e51 (rorn date ~t the rate of (,!7~°o per annum, in monthly inslall- ~~is as toi!ows: b--t~i00 on the _ 2~h day of , 19 and a like sum on the corresponding day of each month there- umil the whole be fully paid. Each ins+allment /irst shall be appl~ed in payment of the interest and tF.en on the ~npaid ba!ance oi ~he pr~nt~pal sum. If default is made in the ,~:meM of any +nstaiimen? when d~e, and such d~fauh cont~nues 3Q days, then at the op~i~n of the hoider, and withov+ any other notice, all the remaining :sr,llments shall be due and payau!e at once. Privde~e is given fo prepay this note in whole or in part at any time withoW penahy. NeitherL forebearance, a~ accep~ance by the hofdcr thereof ,~fter any default m eny payme.-.SS heren sFa!; ta dee::~ed extensie^. A late payment charge of i-3'v~_, shall be J i-d to each installment remain~ng ~npa.d 7 days after its due date, and a li'r:e wm shall be added to each such installment remaining unpaid 7 days a(fer ~:,:h s~cceed~ng payment date. Each maker, svrety and enderser hereof, ~ointly and severatly, wa;ves demand, presentmen? p~otest and notice o4 protest for nonpayment, and furlher e.•s to any eatension of tirr.e of payinant, ~ irner brtore o. after maturity, wrthout not,ce to any of us; and to pay all costs of collection, inctud~ng a ._~~able atrorney's fee ~n the z+em ~E eny ci~~.'a:~tr hereunder, and hereb~ seo~•~aily waives all 6enefit of homestead and exempt~on under the constitution ,!r.~h~s of each Siate of The Un~:zd State,. as aya~nst this ebl~gation w any extens~on cr renr.val hereof. W;tness the hand and sea! of eacfi party. ~ . S/ Gerard D. Iar~el «A~~ (SEAL) S/ Sharon D. Langel (SEAI) _~12 .00 ts~u - ) State Revenue preaw~eMed ~-a?+gw~ei -ne~el~ NO'N, THEREFORE, the A1~;RTGAGOR for the p~rpose of securing payment of sa~d sum of S 8~~0•~ , snd tlx perfwmance of fhe venaros a~~d agreemenra here:nafter expressed, and for divers good a~d valuable considerations, by these prese~ts, dces grant, bargain, sell, remise, _~.,se, convey and coni~rm unto the MORTGAGEE, its svccessois and assigns, alI ihar certain fot, pie~e or par=e~ of land, situate, (ying, and being in the Ccunty of - St. Ta~eie__ and State of F~orida, described as follows: '"_'he ~outh one-third of the North fifteen (15) acres of the West one-hal£ of the West one-half the NE~ of Section Trnmship 35 South, Range 39 East, St. Iucie Countq, Florida. LESS rights of Way for drainage canals and subiect to easements of record. ~?307-~a?3 - ~ooo - oo% "'OGFTHF'R with a right of Way easement running parallel to the West baundary line of the I~E g, of said Section Toimship 35 South, Range 39 East, a more particular description being: "tarting at the NW corner of the NFr of Section 7; thence run East 52 feet; thence ru~ south 330 feet for a point of beginning; thence run East 20 feet; thence run south approximately ' 2310 feet to Orange Amenue Extension; thence run West 20 feet; thence xvn North apprnximately ~3I0 feet to the point of beginning, said easement being for ingress and egress to the preperty hereinabove described. o~~, ,f .o GF ~~6 ~y ~ ' This is a second mortgage being ~unior and inferior on~y to a fir~ i ~ ~ mortgage from mortgagors to mortgagee in the original amount of ~ 0 ; $25,000•00, dated April I2, 197~1, and recorded in 0. R. Book 226, ~~y9,g'y~, ~'a ~ ; pages 1206-1207, Public Rscords of St. Lucie Co~unty, Florida, and it is agreed that the mortgage debts shall t~e ~merged into a single~ `b~`"9 .y ~ iridebtedness and any default under the £irst mortgage shall 13ke- ~F~ 9 ~ Wise constitute a default under the terms of this mortgage. ~f9~~~~`~~~, G 9l f CF G~, ~o O^ : i F~ ~ !s S'~~ - ~ i . ~ •-~ether with all and singular rhe tenerr~ents, hereditaments and appurtantes thereunto belonging or in anywise apperfaining thercto, erxl all rents, iuue~(y~~(~ ~ -:eeds and profits acc~uing and to accrue from said premises, all of which are included in the above and fflregoing dexription and habendum. ~ TO HAVE ANO TO HOlO the above descr~bed and granted premises unto the said MORTGAGEE, its sutcessors and asi~gns forever. And fM said ~ • their ~ _ ;.-~kTGAGOR for heirs, executors, adminisrrators and assigns, hereby covenants with the said MORTGAGEE, its tuccessw~ end auigru, ~ -~Qy :awfully se~zed of the said premises in fee aimple; that the same are free, clear and dixharged from all liens aod eocurtt ~ Y I ` -.>.r.ces in law or in equity, and that_ ey wil{ and their heirs shall wa~rant artd de~end the tiNe to the same to the said € ~RfGAGEE, its successors and ass~gns, forever against the lawful dalms and demands of all persons; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefwe dexribed and sfiall truly, promptly -~d '~liy perform, d~scharge, execute, compiete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of iaid P o-:~ssory note and of this Mortgage, then this Matgage and the Estate hereby created shall cesse and be null and void_ IT IS UNDERSTOOD that the word "Mortgagor" whether in the s~ngu~ar w plural anywhere in this Morigage, shall be sing~lar if one only and d~ st,au y~ plural joiMly and severa~ly if more than one, ano that the word "their" aa wed anyv.lure in this Mortgage shal! be taken to mean "his;' "hers;' ~",ts," wherever the context so ~mplies w admits. Also, that wherever there is a reference in the covenants and agreements herein contained to any of ~ ~ •he parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, successon and assigns (either volumary by ~d of the ~ r :.~.ties or involun~ary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and advantages inure~ c rhe respective heirs, legal representatives, successors and ass~gns of the parties hereto. ~ ~ And said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jointly and xverally covenaM and ~gree ~ p ro and with the said MORTGAGEE, its successors and assigns: ~ ' T ~ 1. To pay all and singular the principal and imerest and the various and sundry sums of money payable by virwe of said promissory note, and thii~.ni ~ errgage, each and every, prompf~y on the days respectively the sa.~ne severa!ly become due. ~ r 2. To pay all and f~ngular the taxes, assessments, levies, tiaEil~ties, obligations and er?cumbrances of every nature and kind now on iaid dewi~ c•operty, w that hereafter may be imposed, suffered, plated, fevied, o~ assessed thereon, or that hereafter may be levied or assessed vpan tF.is M.wtg ~ ~ a~e, or the indebtedness secured hereby, each and every, when due a~d payable, acc«dirg to law, befwe they become delinqueM, ar?d before any inte~est - ~ •-rches or any penalty ~s incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGED OF ~ ~ x: CORp AND THE ORIGtNAI OFFIC~AL OOCUMENT (SUCH AS, fOR INSTANCE, iHE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALIY ENDORSED ~ ~ CERIIFIED) SHAtI BE PLACED IN THE HANUS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not # :+~d, saYSfied and discharged sa'd MORTGAGEE may at any t~me pay the sartx w any parl thereof without waiving or af(ecting any option, lien, equity or } ••,hr ~~nrler or by vi~t~e of ~his mo.rgage and the ful! amovnt of each and every such paymero shall be immediately due and payable and shall bear interest ; i.^' •ate of n~ne per centum per annum artd togethd w~th suth ~nterest shall be secured by the lien of th s mv~gr~ge. s ' ~ ~.+',.~.-~~_rra.*~. ~.Y~~' - di ^s~~- , ~_4 ~ r'"" ~C r- ~ - ' -