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THIS INOFNIURE, hlade the___25th day of _ _~.~i1~ - A.D. 19?S between
____Robert _H. Schott _and Susan__}i. Schott. his wife
of _ St. LuCle`~~ County Florida, hereina4~er des~gnared as rhe "MORTGAGOR." and FIRS~ fEDERAI SAWNGS AND :OAN
ASSOCIATION OF FORT P?ERCE, a corporat~on o+ganized and ex~snng unde? fl.e laws o( Ihe United Stat~s of America and hav~r~ its principal p:•ce of ~
bvame~s in the City o~ fort Prcrce, St. lucie Co~Ny, florida, hrreinaher drsignated as Ihe °MOR(GAGEE:'
WHEREAS Ihe M.ORTGAGGR is justly indebted to ~he MORTGAGEE in th.~ Y,.~„ ~t S lA i0O0..~~ yood and lawf..i m~ney oi the Un:teo
5~.~!es adaa~+;ed by the ldURIGAGEE w.to Ihe MOkTGAGOR, as evidcnced by a~er~o.n ~,ro~a~sso~y nota ul e+rn date herervith, oi wh~.h Ilw lollow:n' in
s~18'aOOi~.rOOs a truc copy, ro-~,~~: No 11000306
For1 Pierce, F~«~aa, April 25~ 19 75
For VJIU2 receiv~d, t, .v~• or r+~her oi vs, ~,:em,zr W~ey, without defa~,,,~~o.•~, r, the order of FIRST fEDERAI SAVINGS AND LOAN ASSOCIATION OP
;?T PiER~E .~r Fvt G~arcr flcr~da, the s1m ot 3 18 f~~~• _ w:~1~ .~:~st frc~n dare at the ~ata of 8 t?~ per annum, in monthly install-
's as iol:ows: S 160.00 0~ }he2~tfl dd,~ ~i.JUIIe _ i~'S anJ a ~ike sum on the cor~espond;ng day of ejch moNh Ihe~e-
un~ii thr whole i;e f~~lly ~:o~d.
Each ~nsta!Irnent hrst shell be a~,p~~.rtl ~~ay~n•_r.t of :he irnerest and ti~c•~ < n !he unpaicl balance of the prinupal sum. I4 default is made in the
~•ent ol any ~ntt.;iin,ei~t wh~n d~e, t~~d sw-h dcta~it contSnues 30 days, Ihen at tiic ej.t~on of 1he ho:der, and withcwt any other notite, all fhe remaining
~,r.,!i~ncnts shall L~• u~e .~nd pay.~b!e at cnce Prrv~~~y~ is gwen to Nrepay ~his ~otc in whole or in part at any time without penalty. Neither forebearante,
~ .~cceptance by ti~r ho:eirr thercof aft<r o~~~ Jtf~~l~ ~n any s:ay~ne~~n herPOn, shail F.e cl~rrr,ed ertension. A ta!e payment charge of S8'~O___, shall be
to e,:ch ~ns~~ :rr,e~~t rrma~ning ~n;:e:d ; vays ottz~ it~ due date, and a~ 4.e s~::n :he:f Fx addrd to e~ch wch instalimeM remaining unpaid 7 days after
• sutcaeding ~ayn•rr~t ci~tr.
Each +nakcr, s~rety and endcrsrr h~•rroi, ~einrly ,,nd srv~rai!~, waives de~~•.~r~J. ~:r.•sc•ntment protest and notice o4 protest for nonpaym~nf, and further
,,~~•s tu any exten:,or: oi ~:~r~ of ~r,yn:ent, _r b~to~e er aft:•~ m3tu~~t~, w~t~.~,~r r.~r:c•: ro any of us; and to pay all eosts oi eoliection, indud~ng a
;,ab!e atrwn: y s Ea.r ti,~• evcnr o! :,n, r,l,'.,~,,Ir hrre.:r.d~••, a•~ l he~eby S::+e~.i'~y ri:•;vrs ali ben~fit of homrstcad and exemption under the constitution
i'e.~s ot ~•ach S~ate u} !iie iin:tcd jia+e;. .,s i~~~.~u !h~; ot,iiy~t~:>n or any exn.~:sion Gr renrvial hereof.
W~tness the t:and and sea~ oi vach pa~ry a
' S/ Robert H. Schott (SEAL)
(SEAt)
S Susan H. SC~lOtt (SEAt)
~ (SEAU
. $2~ ~ ~O_ y.'~__ y. ~ .~yi'
iv1Py
h't'.•:i~•~P
x~FF 1~l{~CM1CG7 ifV ~Q~Y V~11~ 9M/ ~O~
NO'.V, THFREFQRE; the PJ~ORTGAGOR fo+ iF.e ;,~n~:~ose of secvring caymer.t cf sa~d sum af S 18 , and 1F+e performance of the
.e~ants and ag~ecn:e~.}s h•;re~~~,trer e.c~~n~sSrd, a~id (a• d~~ers good and vat~ab!e ca~s~:derations, by ~hese prese~ts, dces granf, ba~ga~n, sell, remise,
• ::~e, cr,nvey ard .or:fum un:~ the .'NOkTCiAGEE, Its svccessors a::d assi~ns, a:i that certain Io1, piete or parce3 ot la~d, situate, ly:ng, and bring iD the
St . Ll1Cl@ _ _ i _ and S~ate of Flor~da, de~cribed aa follows:
_.;nry of
Lot 6, Block 49, BILTMORE PARK SUBDIVISION, as per plat thereof -
<~n file in Plat Book 4, page 52, Public Records of St. Lucie County,
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S J~ +her with a!t and a+ngu'ar the tenements, hered~tamems ar.d appurtances thereunto befonging or in anywiu appertaining thereto, and all reMS, issves,
F eeds ar,d prol~ts accr~,ng and to accrue from seid premises, all of which are induded in the above and foregoing dew+ption and habendum.
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A TO HAVE AND TO HQID the above desv~bed and granted premises unto the said MORTGAGEE, its successors and sssigns forever. And the taid
= their
~ ::;RTG GOR fcr helrs, eRecurors, adrninistrators and ass~yns, hereby covena~ts with the said MORTGAGEE, its successo?s and +uipm,
F t~e are
3 ---Y---- lawfuily se:zed of the said prem~ses in fee sim.ple; that the same are free, clear and discharged ~rom all liens and encum~
~ ~~.~nces ~n taw or in equ~ry, and thaf_ the~_ W,,~ and t hei r heirs shall warrant and defend the title to the same to the s~id
f `.";PiGAGEE, its svccessors and asslgns, forever against the iawful daims and demands of all persons;
4 PROViUED. ALWAYS that if the 1'AORTGAGOR ahall pay uMO the MORTGAGEE the promissory note hereinbefore descri'txd snd shal) truly, promptly
c' f~,~ty perform, d,scharge, execute, complete, compiy with and abide by each and every the ~tipulatio~s, agreemems, conditions and tovenants of said
.~swry nute and of rhis lhortgage, then this Mortgage and Ihe Estate hereby created s6a11 cease and be null and void. a+0
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's Ii IS U~~DERSTOOD that thE word "Mcrtgagor" whether in the singular or plural anywhera in this Morfgage, shall be singular if one ortly ~nd
` be p~~ral jointty and severally if more ttsan one, and that the wo~d "their" as used anywhere in this Morlgsge shall be taken to mean "his;' "hen," ~
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wherever ~he contexr so imp!~es or admits. Also, that wherever the~e is a reference in the covenants and agreemenb herein to~tained to any of ~I/V
; ~ parties herero, the same shall be construed to mean as weii as the heirs, legal representatives, iutcessws and sugns (eithe? voluntary by acf of fha ~
" ~~t~es or invo!unrary by operat:on of the law) of the same and that the covenanfs herein contained shall bind andihe benefit~ and sdvsnisgH inure
= ;?f.e respettive heirs, legal representatives, successors and asrgns of the par:ies hereto.
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~ And said Mortgagors, for themselves and their heirs, legal representatives, sutcessws and essigns, hereby jointly and severally tovenant ~nd pree ~ ~
g e and with the said MORTGAGEE, its successors and assigns:
~ 1. To pay att and singular the principal and inrerest and the various and sundry sums of money payable by virtue of said promisso?y note, snd this ~ ~
~ •~ortaage, each and every, promptly oo the days rt~pecr~vely the same severally become due.
~ 2. To pay all and ~ingular the taxes, assessmems, Ierics, liabilities, obfigations and encumbrantes of every nature and kind r.ow on seid deuribed ~
~ .-cperty, or that hereafrer may be impoted, suffered, placed, levied, or auessed thereon, w that hereafter may be levied a asxued upon this Morfg- ~
;~e, or ~he indebtedness secured hereby, each and eve~y, whe~ due and payable, according to law, befwe they become delinquent, and before any intecsst s
: '~%:es or any per.alty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAIt BE PROMPTLY SATISFIED AND D~SCHARGED OF ~
; .-~.C~Rp AND THE ORIGIP:A~ OiFIC1AL DOCUMENT (SU~H A5, FOR INSTANCE, iHE TAX RECEIPT OR THE SATISfACT10N PAPER OFFICIAIIY ENDORSED
' ~;u CERiIfIED) SNALL BE PLACED IN THE HANDS OF SAID MORiGAGEE WtTHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is nof ~
Q .,:d, sat sfied and discharqed sa d fAORTGAGFE may at any hme pay the same or any part thereof withoul waiving or affecting sny option, lien, eqvity or
! ~,~ht v~,der or 67 v~~tu~ of th~s mortgage and the fuU ar~o~nt o( each and every su~h payment shall be immediately due and payabte and shall bear interest
~ 1 ~ce~e of mne per cent~m per annum and together w~th such interest shall be secuied by the lien of rh s n~c~grage
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