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306~3'7
THIS INDENTURE. Made the 18Lh day os _ A.pr i 1 A.D. 19 7
S- berwea~ ;
Efivard C L Reed and uenis V~. Re ~~'s~ ~vi fe ~ '
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of St . Lue ie , County Ftorida, hereinaltet dtsiynatrd as the "MORTGAGOR," snd FIRST fFDERAI SAVINGS ANO IOAN }
~SSOCIATION Of FORT P{ERCE, a corporat~on or9~n~:ed and ex~s~~nfl under the IaNS of the Unitcd Srat~s of America and Mvirp its principal piac~ of }
Gusiness in the City of Fort Pierce, St. lucie County, florida, hereinafter designated as the "MORTGAGEE:' ~
WHEREAS the MORTGAGOR is juatly indebted to the M.ORIGAGEE in the s~m of 5---17~~~~~_--._, good and lawful money ot the United ~
Srares advanced by tha IAi~RivAGEf un~o the ~'NORTGAGOR, as ev~dei,ced by a.e::~:n N~omissory note of eve~ date herewith, of wh!ch the (oflowing in
.~o~~s and f~~~res ~s a v~e copy, to-w~r.
S_ 17 ~ D00 ~ 00 - Pip_ 10~21276
Fo~t Pierce, florida, April i8 19~_
.'or va:~,? rece~ved, I, w~ or e+the. of ~s. crom,se ta pay, :vitho~t 11efalcoti~n, to 1h~ urdrr ot FIRSi fEDfRAI SAYlNGS AND LOAN ASSOCIATION OF !
;RT PIERCE ar Fcrt P;erce. Fturi~!a, the n•~m ~t s17t~~•~~_ _ w,;;, ,,,I<"ETi }rcm date at ~he rate of _ 9!~'o per annum, in monthly install-
-~s as ~..143.00 _ ~~~t ZOtIl Ja/ cf !9 7S__ and a like sum on the corresponding day of each month there- £
umil ih~ wtic~a be fu:lY pa~d.
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Each inva'Lr.enf iirat sha!i be a~r!~ed ~n payment of rhe in,~~rest and t~,cn en tLe unpaid balance of the prindpal sum. If deiault is made in the ~
,,.~-~rnt ef any ~n;ra~imen+ nF.~-n d~e, a~:d so:h defautt cont~nues 30 days, thrn at rl~e option of the Folder, and without any other not~ce, all the remaining
.,,I~mzr,fs shall k~e due and payab'c a! once. P:wilege is y~~en to prepay th~s note in ~v~ole or in part at any time without penalry. Neither {orebear~nce, ~
acceptance by the hcl:ier tF.e~eof after any d.-fauft in any pa~~nects hereon, she7~ be deemed exte~sion. A tate payment tharge of S~' 15 . shall be ~
:~-d ~o e~ch ~ns~a!~n:ent re~na~nr,ig unNa:d 7 days after its dur date, and a:i?e s~n~ shall be added ~o each such insta~lment remaining unpaid 7 days after )
•c~~ succ~c~i~g payn:er.t date. ~
Each maker, wrery and endcrser herrof, j::~nHy and srvero?1y, wa~ves :ie:nar;d, prese~ument proteat and r,otitt of pro!eat fw nQnpaymeM, and Further i
e
~~,s ro eny ex!ens;on ot r:n:e oi payment, eicher b~Eore or af~~r maw~~!y, whnout not..e !o any of us; and to pay all eosb of coilection, includ~ng a
•~nabie attorncy's iee m the rvent oF an~ d.:fautt herc~nder, and he~eby sc.c~al`y waives all benefrt of homestead and exemption under the consfituYwn
i:~v~-s of z,th State of tk~e Un,ted S~ates. ;s dy3.:~1~ this oF,i.qa~~o~ o; any e~•ers:cn cr renewal hereof.
Witness ~he liand and s:af o~ each p.rry. 3
; , • ~s/Edxard C . Reed ~AU
~ ts~?u
s/Denise V . Reed
---.~_.i State Rr~en~e . . t~~
r ~w~y ~f~CP~il~ OfrQ~R3 ~w~ 7~ ±1 P)
NON, TMEREFOR"c, the h10RTGAGJQ fo: the pvrpos@ of securi«g payment cf said sum of j 17 ~~~•~0 , snd tM pe?formance of the
~nants and agreements hereu:afrer expressed, and fo~ d~~ers good and vatuabie consid_wations, by these pre:ents, does gront, bargain, sell, rem;se,
: sz, convey and coni~rm u~,to the Id10Ri'v'AC-iEE, its auccessors and assi9r.a, a': thet certain lot, piete or parte) oi land, situate, lying, and beiag ir? fhe #
_~unty of $t. Lucie ~ ar.d State of Fionda, descr~bed aa foltows:
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~The North 40 feet of Lot 6 and the South 30 feet of Lot 7, Block 2, FAIRLAtti'N ;
~?~RDIVISION, according to the plat thereof on file in Plat Book 6, Page 5, ~
public records of St. Lucie County, Florida, /
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~ "~er w~th a~l and sinqular the tenements, hered~taments and appurtances thereunto belonging w in anywise appertaining fhereto, and all rents, issties, ~
~ c.eeds and protits accruing and to accrue from said premises, aH of which are included in the above and foregang destription and hsbendom.
~ TO HAVE AND TO HOLD the above described and granted premises ~nto the said MORTGAGEE, its tvccessws snd assigns forever. And tl?~ said
~ their
?TGAGOR fa he~rs, execurors, administrators ar+d ass~g~s, Fxreby covenants with the said MORTGAGEE, its succeuwa ~nd suiyrq,
~ they_ are ,a~~,f~~iY sei:ed of the said premises ~n fee •implr, that the same are free, c4ear ~nd diuhargtd from •II liens ~nd encum-
~ .es ~n law or in equity, and that_~~_ will and t11P~ Z_ heirs shall warrant and defend the titte to the same to the said
~ "~aiGAGEE, its successors and ass~gns, fo:ever agamst the lawfu! ctaims and demands of all persons; ~O
' PROViDED, AIYJAYS that if the M.ORTGAGOR shall pay unto the MORTGAGEE 1he promissory note hereinbefote dewibed and sh~ll truly, promptiy
- : f~l!y perForm, d~scharge exec~te, compiete: comp!y with and abide by each and every the itipulations, agreements, conditians and covensnts of said ~t~
~ ssory note and of !his M•crigage, then this Mo~tgage and ~he Estate hereby created sh:il cease and be null a~d void.
~ IT IS UNDERSTOOD that the word "Mortgagor" whether in Ihe s~ngular w plural anywhere in thif Mortpage, sh~ll be singular if orN onty and
' oe piural jointly and severaily if mare than one, and that the word "their" as used anywhere in this Mortgage shall be uken to mean "his;' "hen,"
~ ~~s," wherever fhe contex? so imp!ies or admits. Also, that wherever there is a reference in the covenants and a9reements herein contsined to any oi
5 ~ oarties hereto, the same shall be cons~rued to mean as well as fhe heirs, legal representatives, sutcessors and aui9ns (either volunt~ry by ~ct of th~ ~
~~~s or invo~un+ary by operation -of the law) of the same and that the covenants herein contained shall bind and the benefits and edv~ntages invt~
~ !F•e respective hein, legal represenfat;ves, wccessors and asrgns of the parties hereto. ~
~ And said Morrgagors, for themsetves and their heirs, legal representatives, successors and assigns, hereby jointly and severally cover?~nt and apr~e
•o and with the said MORTGAGEE, its successon and assigns:
~ 1. To pay al! and singular the principal and inrerest and the various and svndry sums of rtwr~ey peyablQ by virtve of ~aid p~omissory note, and this
~ - o~r~age, each and every, promprly o~ the days respectively the same severalty become due.
~ 2. To pay all and ~ingular the taxes, assessment:, levies, liabitities, obligstions and encumbrances of every rwture and kend raw on said dewibed s
~ ~r. operty, or that hereafter may be imposed, suffered, plxed, levied, or assessed thereon, or that heresfter m~y be levied a ~ssessed upon fhis MortQ- ~
~ c~e, or the indebtedness secured hereby, each and every, when due and payable, xcwding to law, before they become deiinquent, and befort any interest €
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c~~es or any penalty is incurred; AND INSOFAR AS ANY THEREOf IS OF REGORU THE SAME SHALL BE PRO11APilY SATISfIED AND DISCHARGEO OF °
C ORD AND TkE ORIGINAI OFfICtAI DOCUMENT (SUCH AS. FOR INSTANCE, iHE TAX RECEIPT OR THE SATISfACTION PAPER OFFICIAIIY ENDORSE~
~ CERiIF1ED) SHALL BE CLACED !N THE HANDS Of SAlD MORTGAGEE WI7NIN TEN DAYS NEXT AfTER PAYMENT; and in the event that any the?eof is not
d sat shed and discharged sa"d /AORTGAGEE may at any t~me pay the same or a~y part ~hereof without waiving or sffetting any option, lien, eqoity or
~ •~;h% ~nder or by vi~tue of this morrgage and the fu:! amovnt of each and every such payment shall be immediately due and payable and shalt bear intereft
'~o- .ia~~ . ~a d a• .are of ~ine Der centum per annum end together wlth such intereft shalt be setured by the lien of th s morgiage.
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