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TMIS INDENTURE, Mad~ the-~S~_ day of - ~taV A.D. 191~..,, b~rwesn
_ Patri -k ~IcC'~tii~~ a ain~~ adult and 1F~Yn~fi1 rnWrn~ettd~and Rit.l Tnwna~n~i~., hic
wife .
of Ct _ I_ le Couny Rw~da, hereinaf~e~ :lssignated as the "MORTGAGpR;' and F~RST fEUERA~ $AVINGS AND IOAN ~
ASSOCIATION OF fORT PIERCE, • co~ •t~on or ~nized and existi i
por p rg undet the laws of tM Un~ted 5t~qt of America and havinp its principai plste of ~
buiinest in ~M City of fw1 Pierc~, Sr. lucie County, ibrida, hereinafttr des:9naled as tM "MORiGAGEE."
WHERfAS tM MORTGAGOR is justly indebted ro 1he MORTGAGEE in the sum ot = 7...~ 5~ , good and lawful money of the Un~ted f
S~etes adr~nced by the MORTGAGEE unro the MORTGAGOR, as ev~denced by a cen~m promissory note of even date he~ewith, of whEch iM (ol{owing in ~ ~
~ords and figures is a ~rue copy, to-wit:
S 7 . SOO .00 _ ~~~0021323 ~
Fat P~eres, Ftorids, r~ay 6 ^19 75
fw value received, 1, wr or either of us, pram~x to pay, withour defalcanon, to ri~e order of FIRSi FEDERAt SAVIkGS ANO LOAN ASSO:VITION Of
~CiRT PIERCE at Fort P,rrca, Flor{da, the sum of 3_Zi_~Q.QQ________ ~„i~, .,;~er~~s~ from date at ~he rata of Q..QO°e per aruwm, in mo~thly install-
86 OU 20th June 75 '
-:rs as foL'ows: f-_i_ on rha oay of 14_ and a Gke sum on the carespond~ng day of each month there-
±••rr until the who!c bc fully pa~d.
Each ins~sllment first shall be appliad in paymene of the interest and thc~ cn !ne unpaid balance of the princ~pal sum. If default is mad~ in the
„~nrnt of any instaUment when due, and such d_tnv;t continues 30 :~ays, then a! 'ie op~icn of the holder, and without any other not~ce, all the remaini~g
`•~s+~l:ments shal! Ge due and payable at onca. Pr~v~~ege is yiven to preyay th~s note in whole or in part at a~y time without penalty. Neither forebearante,
::cr acceprance by the holder ~hereof afte~ any dzf~utt in any pay:»ents lurcron, sh31i be deemed exten:~on. A late paymem charge of i_ 4• 3O_, sh~ll be
~crs_d ~o each instaliment rernain~ng unpa:d 7 days after it. due aate, and a l~ke s.,m shal! k,e added to each such installnunt remaining unpaid 7 days ~ftet
: a:h :~cceeding p5yment dare.
fach maker, surety and endorser hareof, jointiy a~~d several!y, warves demand, presenunent protes~ and notice of proteat for nonpayment, and furthet !
:;rc•es to any extent:on oF b~~ie of pa~:nent, e~rher betore or atfer n,aw~~ry, wlrF;,ut c;,t:cr to any of us; and to pay ail costs of co~lection, inciuduiy a ~
.,~oneble atrorrey's fee ir: ~hc event of any drfaulf hereundcr, and hereby se+e~a!!y wa~ves all benefit of homcstead and sxemption under the conatitution ~
~axs of eacn Srare of ~he Unaed Stares, as agj~^st this obllgation or any c,ctrnuon or renrwal hereot. ~
Witness rhe hand end seal of each pa~t;. ~
s/Patrick RicCabe~ a sinale ad~~;U F
" s/Floyd Townsend _ _ _
s/Rita Townsend
11•2S ) Srate Reven~e ~U y
f
,-'~'S!~ l411!!Mld~V~1 OrT~~~I1Gfl~ . ~
N01N, THEREfORE, the MORTGAGOR for tix ourpox of ~ecuring payment of said s~m of S 7~~~•~ , ~nd the perfwmance of ths
.?:enants and agreements hereineher expressed, and for divers good and valwble cons~derahanf, by these presents, does gra~t, bargain, sell, remise,
_~~se, convey and conf~rm unto the NIORTGAGEE, iii successors and assigns; alt thal cena~n lot, piete or parcel of land, sil~ate, lying, end being in the
...,;;~cy of - SL L~1~___ and State of fbnda, described a~ follows:
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The South 24 feet of Lot 9 and all of Lot 10, E31ock 1, MA'?ION I~IGHTS SiBDIVISION, ~
zs recorded in Plat Rook 10, Page 28, public records of St. Lucie County, Florida, #
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~~erher with sil and singular the tenements, herrlitaments and appurtances thereunto belwgi~g ot in snywise ~ppertiinirg thereto, and a11 rentt, iuues,
_ cceeds and profits accruing and to accrue from said premises, all of which are included in the above and foregoiny description s~d Mbendum. ~
TO HAVE ANO TO HOIU ~he above desc.~bed and yranted premises unto fhe said MQRTGAGEE, iri sexcessors and auiyns forever. Md fh~ ~aid ~
:'ORiGAGOR for -th~'~----- F~e;rs, executori, administrators and assigns, hereby covenanri with the ssid MORTGAGEE, ib wcc~ssors and usipro,
'°~f -~~3L~ZQ---- lawfully :e~ted of the said premises in fee s3mple; that tF~e same are free, ckar and discharged irom •II liero and ~cum~
:-a~:ces in law w in cquity, and that_ th will and t hein c~in shall wsrrsnt and defend the title to the ume to the said
v7RTGAGEE, its successors and assigns, forever against the lawiul cleims and demands of all persons;
PROVIDED, ALWAYS that if the M~DRTGAGOR shall pay unto the MORTGAGEE the promissory nofe hereinbe~ore described and shall trvly, promptly ~
- d fu:iy perform, dascharge, execute, complete, comply wiih ar~d ab~de by each and every the stipulalions, apreements, conditiaa ar?d coveosnb of said
r;sswy note and of this Mortgagr, then this N4ortgage and fhe Esfate hereby created shall uase ufd be oull snd void. ~
IT IS UNDERSTOOD that the wwd "MortgagW" whether in rhe singular or plursl snywhere in this 1V4origage, shsll be siogvlu if one only and
;:~Ii oe plural jointly and uverally if more than or_, and that the word "their" ss used snywhere in this Mortysge shall be taken to mean "hh;' "hen," ~d
•"i~s," wherever the conteat so implies w admits. Atw, that wherever there is a reference in the covensnfs snd agreements herein contained to ~ny of p~
, ~e part~es hereto, the same shall be construed to mean as well as the heirs, legal representatives, succeuors ~nd assigm (eithe? voluntary by ~ct of fM et
c~~t~es or envolunteryr by operatioo of ths law) of th~ same a~d that ehe covensMS herein contained shal) bind and the benefits snd advanb~es inure
~ rhe re~pettive heirs, legal representaiives, successors and ass'gns of the part~es hereto.
And said Mortgagors, fw themselves and their heirs, legal representatives, successors s~d ~ugnt, hereby jantly and teverally covenant and ayree
~o and with the said MORTGAGEE, its successws end au~gns: ~
1. To pay •11 and singulsr tt~e principsl and interest and the var~ous end sundry tums of ma~ey payable by virtue of said promisswy note, ~nd t1?it ~ ~
rortgage, esch and every, promptly on the dayt ~espectively the same xverallr become due. ~
2. To pay all ~nd ii~gular the ta~ces, assessmenu, levies, liabilit~es. obligations snd tncwnbrances of every ~ature and kind now on said d~wibed ~
~;roperty, a that hereaf~er may be imposed, avifned. Placed, kvied. or assested the~eon, or that here~fter m+y b~ levied a useued upon fF?is Mat¢
age, w the indebtedness ~ecured hereby, each and every, when due and payable, xcording to I~w, befut they becpn~ delinquent, and befor~ MY {111Hlft ~
•~.-ches a any penalty is incurred; AND INSOFAR AS ANY TNEREOf IS Of RKORD THE SAME 51lALL BE PROAAPTIY SAT75fIED AND DISCHARGED OF
?~CORU AND THE ORiGiNAI OffICIAI DOCUMENi (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTlON PAPER OFFICIALIY ENDORSED [
CfRTtfIE~) SHAII BE PIACED IN tHE HANDS OF SAID MORIGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the erenf that any fF?ereof is nOt %
~ d, saYSfied and discharged ~a:d MORTGAGEE may a! any t~me pay tFre same p any part thereof withoul waiving w alfectinp a~y eption, tien, eqo,ty pr i
under o~ by v~rtve of this mor~g~9e and the full amoum of each and every iuch payment shall be immediately due snd payable and shall be~r inferqt ~
' 'roT ~~P date ±hereof vr:e~l pa d af rate of n~ne pe~ tentum per ertnum and toge~her w~fh sxh inte~est shall be secvr~l by the lien of th's morgtage.
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