HomeMy WebLinkAbout0508 30?~~~ OORR~C?IVS hDRTGAGB ' 4
THIS INDENIURE. Mad~ thie 25th day of April A.D. 19
75 , betw~an
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Jesse I.. Revels and Bthel L. l~~vels, hisF wile _
~f St. ~+~lC~@ Cpuny Florida, hereinafter dsigneted as ths "MORTGAGOR;' snd FlRST FEDERAt SAVINGS AND IOAN
ASSOCIATION Of FORi PIEIKE. ~ corporat~on wpanized ~nd aaistiny undar tM laws of the Unitad St~tK of Ameriu and Mvinp its p~incipal plea of
buimess i~ the City of faf Piarce, St. lucie Covnty, Florida, hereinafter deslynated as ths "MORTGAGEE:'
WHEREAS th~ MORTGAGOR is justly indebted to ~he MORTGAGEE in the sum of S_ 3~.a~~~_~i_~ . good and lawfui money of the Un~tcd ;
S~ate~ advanced by tM MORiGAGEE unto the MURTGAGOR, as evidenced by a certam promissay note ol eve~ dale herew~tFy of whrch the tollowirg in
wo~ds and figures is a Irw copy, to-wit: '
s 31 ~ 10021299
Fort Pierce, flwida. A~il 25 19 75
Fo~ value reteived, 1, we w either of us, prom:sa to pay, without defalcation, to tFr order oF FIRST FEDERAL SAVINGgS AND tOAN ASSOCIATION OF
FJRT PIERCE at fort Pierce, F!orida, the sum of s_ 31t400~~ N,;~n ;nterest from ~ate at the ~ete of g~776 per annum, in monthly iostslM
^~.~~is as foCowa: ~59~ on the 2~h day of -'J~@ 19 75 and a like sum oo tM correspond~rg day of each month the~e- ~
eiter until tFx whole be iully paid. !
Each i~stallment first shafl be appDed in payment of the inrere~t and lhen un the unpaid balance of !he prlnt~pal sum. If defsult is mad~ in the ;
;.+;~~~ent ot any imtaHment whm due, and wch def~ult continues 30 days, then at the option of ~i~~ ::~'cc:, :sv± :•:-~tti^_~! '^y ~+tier notice, all the remainin9
"s~a~lrrents ahall be due and payable at o~ce. P~ivitege is g~ven to p+epay this note in whole w in part at any time without pena{ty. Neithet forebe~r~nte,
~~or acceptance by the holder thereof after any defsult i~ any payments hrreon, shall be deemed extension_ A late payment charge of = 1Z.95 ~
:c~ i~.i to each insralfinent ~emaining unpaid 7 days after its dvs Jete, and s like sum shatl,be add~d ta each such insqltment remaining urtpaid 7 days after
each succeed~ng payment date. ,
Exh make?, aurety an3 endorser hereof, join~ly and severally, wa~ves dema~d, presentment protest and notice of protest for nonpayment, and fuAher
a~rees to any exiension of t~me of payment, either~E.efore w aiter matur~ty, without not~ce ~o any of us; and to pay all costs of coHection, irscludiny a
:~so~~able attorney's iee in the evrnt ot ar.y default herrunde~, and hereby se+re~al!y waives all benef7t of homaatead and exemption undar the cautituf'wn
d'aws of each State of the United States, as ayainsf this obfigation o? any extension or renewal hereot. ' • $
W~tness the hand and seal of each ~,3rty. ' ~
• " ~ " ~ s/Jess~ L. Revels ~wW
tS~+U
s thel L. Re~r¢la _ ~wu
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~~~~~~~~r~~T $TAtQ RlvQOU! • . . .
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'..Sif1~'HOIM~~~f1~Myl~i~r~t~ '
NOW, iHEREFORE, the MORTGAGOR fw the pu?pose of secvring payment of saed sum of S 31 ~a~~ ~ ~~d the performante of the
c.~venants and agreeme~ts here~naiter expressed, and fw divers good and vaiva6le cans~derations, by lhese p~esents, doas grent, barysin, ull, remise,
e3se, convey arx! confirm unto the MORTGAGEE, its successors and assigns, atl that certain lot, piece or parcel of ~and, situate, lying, snd beinp in the _
Co~nry of St ~ l'uCi@ and State of Fb?ida, deurfbed as follows: f
The Bast ~ of Lot 10~ Block A~ WINDMILL VZL~.A~GB BY ?HB SBA, UNIT 2, according to
the plat theYeof on file in Plat Book 16~ Page 31, Public RecoYds of St. Lucie
county, Floric~a?~ ~ S//- - DO/~- OOU~/
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; This is a corrective aortgage designed ~~~~E cb
i • to corYect an_erYOneous legal descrip- A
~ tion appearing in that ceztain aortgage €
~ of even date herewith recorded in O.R. ~
; Book 238 ~ Page 2840 ~ of the Public ~
RecoYds of St. Lucie County, Florida~
~ and upon which intangible tax has been ~ i
~ paid as evidenced by receipt No. 3~5716.
~
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~ •cgarher with all snd s~ngular rhe tenements, hereditamenb and sppurunces the~eunto belaging w in anywise appertaining thereb, ~nd all renri, issws,
~ ;:ro;eeds snd pro(its accruing and to accrue from said premises, all of which are included in the sbovt and fweyoirg dewiption snd haba~dum.
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~ TO HAVE ANO TO HOID the above described snd grsnted premises unto the said MORTGAGEE, its sutcesson and ~ssiyns forever. Ard tM s+id
~ `!.OQTGAC~p R fw -~~i=---- heirs, executors, sdministraton and auigns, hersby covensnts with fhe said MORTGAGEE, ib waessors snd assisro.
,^31 _~h6~_dY@ _ ~awfulty seized oi the wid premises in fee iimple; that ths ~+me ue free, cksr and disclurged fran all Ikro and ~ncwn~
f :~ances i~ law or in cquity, and that they will and their ~;n ,F„u warrsnt and defend the title fo the ssme to the wW
~ !~RTGAGEE, its auccesaors and ass~gns, forever ayainst the lawful claims and'demands of •tl persons;
PROVI~EO, AtY~AYS fhat if the MORTGAGOR shsll pay unto fhe MORTGAGEE the promisswy note hereinbefwe described ~nd iF~all ttuly, promptly
~ =-d fulty perform, d;uharge, exewte, complete, comp~y with and ab~de by each and everyr the stipulations, agreements, conditions snd tovenants of said
~ -,~omissory note snd o4 this Mortgage, then this Mortgage aod the Esta~e hereby veated shall cesse and be rw~l and wid•
~ IT IS UNDERSTOOD thst tt~e word "Mortyagor" whether in fhe singutar w plural soywhere in this Mortg+ye, shall be sinpular if on~ only ~nd dd
~ shall be plural joimly ~nd severally if more than o~e, and that the w«d '9heir" as used anywhere in thi~ Nbrtp~ge shall be taken to mean "his;' "hen;' ~*j
~ :•"~~s," whcrever the context w implies or admits. Also, that wherever there is a reference i~ the covena~ts snd agrcrmenb F~erein conbined to any of
~ ~r:e panies hereto, the wme shall be construed to mean ss well as the hein, legal npresentativa, svtcesson and assigra (either voluMary by ad of iM
;>~!~es w invotu~tary by operation of the Iaw) of the same and that the covenants herein contained ahall bir?d and tFK benefits and ~dvsntspa inwe
~ ro the respective hein, lega! representatives, succeuors and asrgns of the ps?ties hereto.
~ Arx! said Mo~tgaflors, for themselves and their heirs, fe9sl representativea, iuccessat a~d auigns, hereby jointly a~d sevaalfy covenanf and ~yne ~
~ ro and with the said MORTGAGEE, its successors and auigns:
1. To ny pr f» ndry Y p+Yable by virfue of said promissory note. ~nd this ~
~ pay all and si ular tFx inci 1 snd interest and the va~ious end su sums of rnone
r^o+tgsye, each snd every, promptly on the days respeclivety tF~e same xverally becane d~re.
~ 2. To pay all and si~yuiar the taxes, assesunent~, levies, liabilities, obligst~au and enc~mbr~nces of every n~ture and kind now on said deacrib~d
property, w tMt he.eaftN may ~x imposed, wffered, plxed, levicd, o~ +uessed thereon, a tMt hereafta may b~ levied w ss~essed u~wn thh Monp-
~ 3ge, or ~he indebtedneu secured F.creby, ~ach and every, when due and payabte, xcording to taw, before they become delinq~ent, snd b~fort ~ry iMarest
~ a~~aches w any penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 8E PROMPTLY SATISf1E~ ANO DISCHARGED OF
~ ?cCORD AND THE ORIGINAL OfFICIAI DOCUMENi (SUCM A5, fOR INSTAN~E, THE TAX RECEIPT OR THE SATtSPACTION PAPER OFFICIAILY ENDORSEfl
~ ~~R CERTIFIED) SHAII BE PIACED IN THE NANDS OF SAID MORTGAGfE WITHIN TEN DAYS NEXT AFTER PAYINENT; and in the event lh~t any thereof is not
~ ; a~d, saYsfied and discharged sa:d MORTGAGEE may a! any time psy the same o? sny part thereof without waivi~g or affectiny any option, lien, eqvity w
•~qhf under w by virrue of tAis mo~tgage and the full amo~nt of esch and every such payment sMll be immediately due and payabk +nd shall bear intere~t
~ iroT. rhe date thereof ~;nt~l pa d at rate of nine per centum per annvm and together wAh suth interest shall be secu?ed by the lien of th's morgtage
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