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Home My WebLink About0743 30~~9~ ~ THIS INDENTURE, Madt ihe 6th day o( `1aY . A.D. 19?S , betw~cn Kenneth I.. Drummondt a sinc~le adult ' o! St. LtiCl@ Cuunty florida, hereinafter de+:ynatcd as ths "MORTGAGOR," and FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION Of FORT PIERCE, ~ cc+rpor~t~on oryani:ed ~nd exi~tiny under th~ lavw oi 1F+~ Unir~d S~atas of Arr~erita end Mviny its pri~xipsl pIK~ of i busmets in tM City of Forr Pia.cs, St. luci~ Couoy, flwida, hereinafter d~signated as tM "MORTGAGEE:' WHEREAS th~ MORTGAGOR is justly indebted ro the MORiGAGEE in Me sum of S~6~Q~~~~ , good and law(ul money of the Un~ted S+ares adw~xed by the MORTGAGEE unto the MORiGAGOR, as ev~dancrd by a cer~am promissory note of even date he~ewith, of wh~ch the followiny in words ~nd fi9wes is a true cu~,~. to-wi~: i z_ 16~,000.00 13000033 € i fon Pierce, Flaid~, b1a v 6~ 19 7 S ~ F« velue .eceived, t, we a either of us, prom~se to pay, withovt defaltetien, lo ihe order oi FIRST iEOfRAI SAVINGS AND IOAN AS50CIATION OF f ¢ i `ORT PIERCE at Fat Pirrce, Fiorida, the sum of S 16•Q~~~___ w~th fnterast f~om date at the rate of $a.2~6 pt+ annum, in moMhly install- ~ ~~:..~,~s as fot!ows: 5---~?~_ on the _~thday of ~u~$t 19_ 7S and a like sum on the curesponding day of exA month 1her~- at~er ~ntit 1he whole be (utly paid. ~ Each installment (irst shal! be appl~ed in payment of the interest and ~hen on the unpaid bala~ce of tfie prinupa~ wm. If default is msd~ in fhe • faiment of any instatln,e~t when due, and such default cont~nues 30 days, Ihen at the option of the holder, and without any other rtofice, all the remaining ~.,srallrrknts shali be due and payab!e at once. Privilege is 9iven to prepay this note in wholt or in part at any time without penalty. Neither forebtar~nce, nor acc~ptance by the hofder the~eof aftrr any default in any payrients hereon, th;~ll be deemed extension. A late payment charge of = •7 ~-Q , shall bs- ~cfded to each ins~al~ment rcmain:ng unpa~d 7 deys after its due dare, and a like sum sha{I be added to each such instatlment ~emaining unpaid 7 days aher e.~:h succeedlrg paym.eni date. Each maker, surety and endorser hereof, joint~y and severaliy, wa~ves demand, presentment protesr and notice of protesf fw ~onpayment, and furthet agrees to any exten3ion of hme of payment, e~:her before o+ afier maturity, wit~,o~t nel~te fo aoy of us; and to pay al) costs of collecfion, including • e.,senable a~twnty's fee ~n the event oF any de(ault hereunder, an~ hereby severafly waives~all benefit of homestead and exemption undtr the tonstitulion ,:,d laws of each Sfate of the United States. as against this obi~ga~~on or any extension or renewal he~eof. Witness the hand and xa! of each party. f _ s/Kenneth L. Drum~ond ~ ~,~,y a single ~du~_ ~ (SEAU C 24 .00 ~U l - ) Statt Revenue ~Sw++~s•Mwo~tIN4 ~r ~:wd ~+s~ NO~N, 7HEREfORE, the MORtGAGOR fw the purpose of xcu.ing payment of said sum of s 16~~~~~ , end the pe~formance of th~ covenants and agreements hereinafter expresscd, and fw d~vers good and valuable conaide~afions, by the~e presems, does grant, bar9ain, sell, remise, :~~:zase, convey end conGrm unto the MORTGAGEE, its tuccessors and as~igns, aU thal certain lot, piece w parcel of Isnd, sitvate, lying, and beirg in the County of - St'• I.urip ~ and State of Fbrida, de~cNbed s~ follows: t Lot S~ .Un~t 4~ PINA~ SUBDIVISION as recorded in Plat Qook16 Page 9, of the public records of St. Lucie County, Florida , ~%S "Sda-~DbS~-d,pp~~ ~ r l ~ . ~~d,~~% ~ 1 ~ ' ~ 4 i ~ ~'P~~~pR `~:a- 2 0 ~ ° -rJ- ~ ~~~'?`E:.L,~`'~ ~~:~?'~i_.r -t OG- _ _S~~ 'l,.r/- L ; ~ i? ~ ~ ' ' ~ d L l , i i c i % RECEIYED ~ Irl PAYMENT OF iA.ic: E sf~ % Pg~? DUE ON CIASS'C' INTAN618LE PERSONAL PROPER~1, F ~ c^ i~,' . c , ~ Pu~s+~wr ro c~+~R n•i~, ~cTS oF ~y~~~ y ~ aosFx Po~s / , , ~L,Eti% CiRqlR COU1R~ ST. IAICIE 00. i ~ ~ ~ ~ i a P - Pg t tcgerher w;th alt snd s~ng~lar the tenements, hered~tame~ti and sppurtances thereunto belonging o? in anywise appertainirg thereto, ~nd aU rents, iuves, ~ croceeds and profits accruing and to accrue from said prem~ses, all of wh7ch are included i~ the abov~ and foregoing dexriptan and i?abendum. ~ TO HAVE AND TO HOID the above destribed and gnnted premises unto the said MORTGAGEE, ifi sutttssors and suiyns forever. ArK! tM said ~ ORTGAGOR for hehs, executws, sdministrators and assigns, hereby cwenanb with the s~id MORTGAGEE, iri successon ~nd auipro, j r,;a~ --t]Q Wlll - lawfully uized of the said p~emises in fee simplr, that the same ~re (ree, dear ~nd discharyed fran dl fiero and encurtr s :,~ances in I~w or in equity, and that ~1e will and h15 heirs shall warranf and defe~d the title fo the s+me fo the s+id £ !AORTGAGEE, its suctestors and assigns, forever against the lawful ctaims and demands of all persoru; PROVIDE~, AIWAYS that if the MORiGAGOR shall pay unto the ARORTGAGEE the promissory note hereinbefore destribed snd sha11 truiy, promptly a~,d {vlly perform, d~xharga execute, compfete, camply with and abide by each and erery the stipulations, agreert~ents, conditian and covenants of said :,-om~ssory note and oi this Mortgage, then this Mortgsge and the Estate hereby ucated shaU cesse snd bs null and void. ~c ~ IT IS UNOERSTOOD thst tFro word "Mort w" whetber in the s7 ~ gag ngular w plural anywhere in thi~ Mortyage, shsll b~ iinpvfsr if or?e on)y and p~,p sl,al! be plura) jointly and sererally if mwe than one, and thst the wwd "their" as used snywhere in this Mottgsge ~hsll be tsicen fo mean "hh;' "hen;' ~ "its;' wherever the conte:t to implies w admits. Alw, that wherever there is a reference in the coven~nts snd sgreements herein contsined to ~ny of ` t~,e parties hereto, the same shall be construed to mean aa well as the heirs, legal representatives, successo+s ~nd auigns (either voluntery by ~ct of fht ' aarrtei w involuntary by operation of the lawj oi the same and that the covenants herein contained shall bird and tht beoefib and sdvaM~pq frwn ~c the respective heirs, Iegal. representatives, successors and ass'gns of the parties hereto. _ And iaid Morfgsgcxs, for themsetves and ~heir heirs, legal repreuntatives, aucceuors ~nd sui9ns, hereby joiMly snd sevaally covena~f ~nd pr~e ~ ~ ~o and with the said MORTGAGEE, its wccessors a~d sssigns: a 1. To pay all and singulsr the principal and interest and the variovs and sundry sums of money paysble by virtue of said promiuory ~ote, and this s ~ mortgage, exh and every, promptly on ths days respectively the same seve~ally becomt due. ~ ~ ; 2. To psy alf snd ~ingular the taxcs, assesunents, levias, liabilities, obligarian and encwnbrancd of every nature ud kind now o~ wid d~snibed ~ ~ m Property, or that hereafte~ msy be imposed, suffered, placcd, Ievied, or assessed thereon, a that here~fter may b~ lev'~ed a auessed upon this Mat9- I 3 age. w the indebted~eu secured I~ereby eacl~ and every, when d~e and payable, ucwding to law, befwe they becomt delinquent, ~nd befa~ ~mr inttrpt ~ € a*faches or any pena{ty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PRONWTIY SATISfIEO AND DISCHARGED OF ~ RECORD ANO THE ORIGINAL OfFICIAI DOCUMENi (SUCH AS, fOR INSTANCE, ?HE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSED i OR CERi1FIE0) SHAII BE PtACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN ~AYS NEXT AfTER PAYMENT; u?d in the eveM that aey thereof is not - ra d, saYSfied ~nd diuharged sa:d MORTGAGEE may at any time p~y the same or any part thereof withouf waivinp w af(ecting any option, (ien, equify p ~ ; ~~~hr under w by virtue of rhis mo~tg~ge and the full smovnt of each and every such payment shall be immed~ately due snd psyabk and shall bear imerest ' ~~o~-+ the da±e ~he~ecf ~n+[1 pa d a! rate of nine per ceMUm per annum and together witb sutb intereft shall be secured by ihe lien of th s morytage i ~ ~.,~.-z. - . ~ : ~ a^ : " , ~ ~~~~n„~^`fi'~~ ~ . ~ "~r~. sr -t ; . _ ~ i_ . ~.r,~~?~