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THIS INDFNTURE, Mad~ th~ lst day of ~ ~Y , A.D. 19 75 betweN+
A co ! and [.auYa J. Alcolt his wife
of St• ~C ~ ~~~M p~~~ ~~inafte~ designared ai IFN "MORTGAGOR,° snd FIRST fEDERAt SAVINGS AND IOAN
ASSOCIATtON OF FORT PIERCE. • corpaation orpanised and exis~inp undm tM laMn of tM United Sf~ta of Mnsrk~ +nd h~vinp iq prir~cipal placs of
busintss in tM Ciry of FoA Pi~rp, St. lutie County, flo+ida, Mr~inafter dttipnated ~s tM "MORTGAGEE ~
WHEREAS tM MORTGAGOR h j~ntly indtbted to tM MORTGAGEE i~ ths wm of = 29i7~• ~ pood +nd l+wful money oi the Unitrd
Stat~i advanced by tM MORTGAGEE unto ths MORTGAGOR, as evidenced by a cedain promiuory note of even date herewith, of which th• foilowing in
wads ~nd fiyures is a trw copy. to-wit:
~ 29~7~~~ ~ 1O0Q1318
Fo.t Pierc.. Fb.id+. ~y 1 19 5
for value received, 1, we w eitMr of us, promise to pay, without defelca~ion, to ths wder of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION Of E
iORT PIERCE at Fo?t Pierce, Flwida, ~he ~um of s 29L7~~~ w~th inierest from date at the rate of 9~~ % per a~num, i~ monthly ins~al4
menn ~s follows: =268~ ~ on 1hs ~h dsy of J~e 19 75 ~nd e iike sum o~ ths carespond~ny day of esch month there-
after until the whole be fully paid.
E~ch insfallment first shall bs applied in paymenf of fhe interest and ~hrn on ths unpaid bsla~e of the principsl wm. If def~uh is mads in tM
paymeM of any imtallment whe++ due, a~d wch default continues 30 days, then at the op~ion of ths holder, snd without any othe~ notice, all the remainirg
~nstallments shall be due and payabk at once. Privileqe is given to prep+y this note in whole or in pah at any time without pcnalH• Neither faebeuance,
r+or acceptance by the hotde? the~~of after ~ny default in any payments hereon, shall be decmed extension. A tste payment ch~rye of 5~3~0 ah+~~ be
added to each irutallmem remainirg unpaid 7 d+ys ~f~er iri dw date, and a like sum shall be sdded to cach wch installme~t remaining uopaid 7 dsy~ after
each tuttteding paYmtM date. ,
E~ch maker, surety and endorser hereof, jointly and ieve?elly, w~ivts demand, preuntment protest snd notice of prWest fw ranpayment, ~nd funher
agrees to any extenia~ of time of paymH+t, either before a after maturity, wirhout notice to any oF us; ~~d to pay all costs of colkclion, includ",rp s
reasonabk altwney i fee in the svenl of' any defau~t hereunder, and hereby severally waives ali benefit of FwrrKStead and exemption under the constitution
and laws of each State of ths United States, as against this obligation or any extension w renew+l hereof.
Witness the hand and ~eel of each party. ~
~ s/RoaeY A. Alcott
_ tsEnu
s/Laura J..Alcot! ~
(senU
( ~ 55 ~ Stat~ Revenue
(Sia~w~.wo~ILiw~iwv~W '
NOW, THEREfORE, the MORTGAGOR fo? the pu?pnse of securing payme~t of saFd sum of : J~Q~ 7~~ ~ . ~nd ths pe~formance of tM
co~ensnn ~nd ayreements hereinaiter expressed, a~ fw drvcrs good snd valuable considerat~o~s, by tlx~e presents, doea pra~t, barpa~n, sell, rcm~se,
retease, oonvey and confirm unto the MORTGAGfE, its succeuors snd saigns, ell that certain bi, pieu or pucel of lu~d, situate, lyina, and beirg i~ ths
~~~~y ~ St. Lucie ,~nd Stat~ of Flwida, dewib~d ~s fdlows:
Lot 12~ Block 1, NIBISCUS PARK SUBDIVISION, accoYding to the plat the~eof on
file in Plat Book S~ Page il~ Public Records of St. Lucie County, Florida~
.~y~~ - sa/ -ob~a -~oo% -
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(~Rt~A~
~ STATE ST~,MP , x 1
y OOCUM~N7r.itY~,F . y
i c~ ~ DE~T.Uf kEVERUE ~ ~ ~ ~ ~
~
E =i= ~ _ - ~:':.f-~iJ '
~ -~c, M _ P8.
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~ . , . . . , p~ C[/I,SS 'C' fNTM:6 ~ IN PA1rMQ(r OE TAKES
BLE PER9pP1A~ pgppp~N~
~ PU2Sl1A'ifT i0 ~ER PORRA~~ OF 1971.~
t CLERK ClRCUR COURT, Si. lUC~E Cp~
~
together with all snd singular the tenements, heredihmcnri and sppurtsnces thereunto belayirg w in anywise ~pp~AainFrg thersto, snd ~II rents, iuuts,
p~oceeds and prof~ts accruing and to xuue from s+id premises, all .of which ~re irxluded in the sbov~ ~nd fonyoirg dascription and hsbendum.
TO HAVE AND TO HOID the above desuibed snd yr~nted premises unto the ~sid NIORTGAGEE, its succeuws and saiym forever. Md th~ said
~ MORTGAGOR fw heGs, executors, sdministrafors and assigns, hersby covenx?b with th~ s~id MORTGAGEE, ifi tutceston and ~s~i~en,
~ rhat they are ~~~{~~~y x~Z~ of the said premises in fee simple; that tM s+me ue fne, cleu ~nd d'qcMryed from all liero ~nd ~ncwn-
y brences in I~w o~ in equity, ae+d that they wi11 and their hein sha11 w~rr~nt and defend ths titl~ to the wm~ to th~ said
tii MORTGAGEE, its s~ccessws and aui~ns, forever against tF+e lawful claims a~d demands of alt persons;
PROVIDED, ALWAYS thst if the MORTC~AGOR shall pay vnto the MORTGAGEE the promistory not~ her~inbefwe described ~nd ~hall 1n?!y, promptly
and fvlly perfwm, dixharge, e:ecute, complete, comply with a~d abide by each and every tha stipulatioru, apraemenn, conditions snd tovenanb of said
~ promissory note and of this Mwtgage, then this Mortgage and tF~e Eitate hereby u~sted shsll u~s~ ~nd be ~ull and void.
IT IS UNDERSTOOD that the word "Mortgayw" whether in the singular a plural srrywher~ in this Mortys~e, shall be sin9ulu if orn only and CpC~
~ sha~l be pl~nl jointly and severslly if more th~n ooe, and that tbe wad "t heir' as used anywhe~e in thi~ Matgaye sha~l b~ t~ken ro mesn ••his," •'h~n;
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~ or "its;' wherever the contezt w implies a admits. Also, that wherever there i: s reference in th~ wv~nanb end apreemenri herein tonta'xied to any of~~
~ rhe p~~ties hereto, the same shall be constrved to mean well as tF~e hein, kyal repre~entstives, successors ~nd ~ssi~ns (either voluntary by ad of th~
parties w involunbry by operation of the law) of the same and that tFro tovenanb hsrein contained shsll bind ~nd the benefits ar+d ~dv~roayes inw~
ro the respectiw he'as, kyal representatives, successors and au~gru of the parties hereto.
~ Md said Mwtgsqors, fw themselves and ~heir he~rs, kgal represem~tivd, successors ~nd auip~s, hereby jaintly and sevually cover?~M end ayr ~
~ to snd with the said MORTGAGEE, iri successon end auiyns:
~
~ 1. To pay all and sinp~lar tl+~ principal ~nd interest ~nd tF~e various and surKlry sums of ma~ey payable by virtve of said promiuory note, and thi
mort9spe. each ~nd every, promptly on the d~ys respecrively ihe same severatly betome due.
~ Z To pay all and sinyulu the taxes, assessments, levies, li+bilities, oWigations and encumbnnca of every natur~ and kind naw on t+id desa
propaty, w that Ixresfter may b~ imposed, wffer~d, pl~ted, kvied, o? ~ssessed thereon. p Ih~t hereafta may be levied a aisesssd upon this lMott
age, or t}w indebtedneu secured hereby. e+ch and sv~ry, when due and paysbk, accordiop to I~w, befwe th~y becorrw delinque~t, and befon any imK
attaches w+ny penalty is incu?red; AND INSOFAR AS ANY THEREOF IS Of RKOR~ 7HE SAME SMAII 6E PROMPTLY SATISFIEO AND DISCHARGEO OF
RECORO AND TME ORIGINAI OFFICIAL ~OCUMENT (SUCH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISfACTION PAPER OFfICIALIY ENDORSED
OR CERTIFIED) SHALL BE PIACED IN THE HANDS OF SAID MORTGAGEE WIIHIN TEN DAYS NEXT AFTER PAYMENTj and in the evem that ~ny thereof is not
paid, at:sfied snd dixharged sa:d MORTGAGEE may at any time pay ~he ~sme a any part tlxreof without waivirq or affecti~g arryr oplion, lien, eqvity or
~ .~qht unde~ or by virtve of this mortgsge snd the full amount of esch ~nd every s~ch psyment shall be immediately due snd psyable and shall beu interqt
~ kom the dste thereof until paid at rate of nine per centum per annum and topethe? w~th wch ime~est shall bs secwed by the lien of th:t mwytaqe.
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