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TNIS {NDENTURE. M+d~ the 7 th day of A.D. 19 ~ S hetweeo
P~, E3laine Gerrish and Sabra S. rerr sh~ s w /e ' ;
of yt,. Lucie ~p,i~~y Flwida, F~ra'uuttN dcsgna~ed a~ the "MORTG GbR:' ~nd FIRST FE~ERAL S~VfNGS AN~ IOAN i
A550CIATION OF FORT PIERCE, ~ corpa+tion wplnized ~nd e:is~inp unda~ the laws of tM United St+~~~ of Americ~ and Mvinp iri princ~pal place of
bu~iney in 1M Giry of fort PiKU, St. luc~ Covnty, Flwid~, fiersinaftsr dtaipnated as ~4+~ "MORTGAGfE.°
WHEREAS th~ MORTGAGOR is justly inckbted to 1M MORTGAGEE in the su~n of i__~-~~~~0~ pood and lawful money of the Un~ted
Srates advaixed by ~hs N10RTGAGEE unto the MORTGAGOR, as evidenced by a certa~n promiuwy ~ote o~ cven date F+e~ewi~h, of whith Iha tollowiny in
words and figures is ~ ~rue copy, to~wif:
_ ~a~~~Op r,~, 13000034
Fort Pierce. Ftotids. _~y i 19 ~5
For value received, 1, we a either of us, promise to pay, without defa;calion, to the o.der of FIRST FE~ERAL SAVINrG~S AND IOAN ASSOCIATtON OF
fORT PIERCE a1 iwt P~erce, Florida, the sum of S 3O•~~s-0O with ~niergs~from date ~t thr rate of 8• per annum, in monthly install-
,,~^rs as io1!ows: f~2'~, oo ihe 20thday of _ August ~ ~9__ ~ and a lilce sum on ths correspondin0 day of exh month therr
atrnr uMil the whole be fully paid.
Each instaltment firtt shall be app~ied in payment of the intere~l and tl+en on thc unpaid bslancc oi the principal sum. if defa~lt is made in ths
~ ayment of any instatlmen~ when due, and such defavlt conrinues 30 days, Ihen at fhe optian of ~he hotder, and without any othe? notice, all the remain7rg
~,~s~ntlments shall be dve and payabfe at once. Priv+lege is given lo p~epay this note in whole or in part at any time without penalty. Neither forel~ar~oct,
no~ acceptance by the holder theceof afte~ any defavif in any payments fiereon, sha11 be deemed ex?ension. - A late payment charge of s l~sha~l be
:dd_d to each installmcnt remainJng unpaid 7 days after its due, date, and a Gke sum shall be added ~o each such installment remaininy u~paid 7 days after
each succeeding paymen~ date. t
Each maker, surery and endo~ser he~eof, jointly and severolfy, waives de~nand, presentment protesf and notice of profest for nonpayment, and further
agrees to any eztens~on of t~me of payment, e~the? bafore or aflrr ma!unry, wi~hout notrce to any of us; and to paY all costs of collection, includloy a
r.~asonable atraney's Fee in the evrnt oi any defau!! hereuncier, and he~eby seve:aity waives all benefit of homes~ead and exemption u~r the conitifution
~;:~d taws of each S~a1e of the United S~ates, as against this abliyation w any extens~on w renewa4 hereaf.
Witness the hand and aeal of each party.
s/ R. Blaine Gerrish ~
, (SEnU
s/ Sabra'S. Gerrish ~
~ _ _ ~ 45 .O~ State Revenue ' ~
1Sr+~,AEV~~GN?~ `~9~~+li'y»f~ ~ ;
NOW, T1iEREFORE, the MORTGAGGR fw the purpose of scc~ring payment of said sum of : 30~0~•0O ~nd tF+a performsrxe of the f
covenanti and ayreements hereinafter expressed, and for divers good and v~4vable coru~derations, by tfiese p~esenta, does grant, bargain, sell, remiu,
re!ease, tonvey end tonfirm unto the MORIGAGEE, its successors and assigns, all that certain lot, piece or partel of land, situate, lyi~g, and beirg in the
:o:,n.y of St . LL1Cl.e and State of Fkrida, describsd ~s foflows:
Lot 10~ Block 4, PORT ST. LUCIE~ Section 25~ as recorded in -
Plat Book 13! pages 32~ 32A-32I of the public records of
St. Lucie;County! ~lorida
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rcgerher w~th all ~nd singular the tenements, hereditameMS and appurunces the.eue?to belonging oi in a:+ywis~ sppertsininp tfiereto, ~nd aN re~ri, iuues,
;;-oceeds a~ profits acauing and ~o accrue from said premixs, all of which ~re included in the abor~ and faegoing destription and habendum.
TO FiAVE AND TO HQLD the sbove descrlbed and gisnted premisa ~nto the ssid MORTGAGEE, its a~aeswn ~nd sssipns forev~r. Md t!» sald
their
~RTGA~O R fu heirs, executors, administrators and assigns, hereby covanann with the said MORTGAGEE, iti s~ccassors ~nd assiqra,
„a~ -t[1ey are - tawfully seized of tfie said p?emises in fge simple; that t!w same ue free, ckar and diicharyed from all lierq a~d Mcum-
:•a~ces in law w in equ+ty, and that they will and their heirs shs11 warrant ~+~d defend ths tiHe to th~ sarrr ro N~e s~id
:'.ORTGAGEE, its successors and sssigns, fweve~ a9+inst the lawfvl clsims end demands of all persats;
PROVIDED, AIWAYS tF~st if ~he IIAORTGAGOR shalt pay unto the MORTGAGEE the promiasorr note hereinbefor~ described and siwtf trvly, promptly
~-d fuily petform, diuharge, exetute, compfste, comply with and sti~de by esth snd every tix stipulatiwu, yreert~ents, tonditions and covenanb of said
c:~c-.+~esay nots and of this Mutgage, then this Mwtgage snd tF~e Estde hereby aeated shall cease and be nvl) and vaid. ~
IT IS UNOERSTOOD that the word "Mwtgsgw" whether in the singular or plurol anywhert in thi~ Matgape, shsU b~ sing~lp if on~ only aod ~
sha41 be plursl {oint{y and sevuaNy if more thsn one, snd that the ward "their" as used snywhere in this Mortya9e shall be taken to me~n "hh.'• •'h~rf•• A 1
'its," wherever the tontext w implies ot admits. Also, that whereysr fhere is a refereaoe ie tht cove~ants aod aqreements Ix?ein contained to any of ~~s
~he pa?tiH heroro, the wme ihalf be construed to mean a: well as tfie lxirs, kyal rtpresentatives, wcceswn and auigro (eitha voluntuy by M ot tM ~
aart~es w involuntary by operuio~ of the law) oE the same a++d thst the covenants herein contained shsll bind and the benefitt and ~dvaM~pes inur~ ~
r, rne respective heirs, legsl representatives, successors aAd au'gns of the parties hereto. q.
Md said Mortgsgo~s, fw themseFves and their hein, 1e9a1 representatives, successors and assiyro, hereby joindy and stwrally covensnt and pr~e ~ ~
to and with the said MORTGAGEE, its successors and ~uigm: (
1. To pny all and sirgula. tM prindpal a~d interest and the varavs snd su~dry swns of money p~yable by virtw of ssid prom7ssory note, and this /~T~
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~ortgaye, esch and every, promptly on the days rapect~vely the same sererally becane due. '
2. To paY sR snd singvla~ the taxes, asseumenn, levies, liabilitits. obligstions a++d encumbnnces of svery natwe and kind now on ~aid desu~ed ~p ~
properry. o? that hereafter may be imposed. suffered, plsced, levied, a assessed thereon, a that hereafte~ may be levied w auessed irpon this Mo?q- p~
ige. or th~ ir~bttdneu iecvred hereby. ~sch ~~d every, when due and payable, scw~diny ro bw. 6efore they bccorn~ delinquent, and beiors anp interstt .
a'rac~+es or sny penalty is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD TNE SAME SHAII dE PROMPTIY SATISf1E~ AND ~ISCHARGE~ OF
RECQRD AND THE ORIGIhAI OFfIC1AL DOCUMENT (SUCH A5, FOR INSTANCE, tHE TAX RECEIPT OR THE SAj{SfACTiON PAPER OFFlCIAIIY ENDORSED
Ue CERiIF1ED) SNAtI BE PLACE~ IN THE HANDS OF SAID MORTGAGEE WIiHIN TEN DAYS NEXT AFiER PAYMENT; and in the event that any thereof is not ;
;;a~d. satifitd and diuharged sa:d IAORTGAGEE may at sny t;me psy the same w any pan rhereof without waivirt9 w af/ectinp any option, lien, tquity w =
•~qhr vnder w by virtue of this mortgaye and the full smovnt of each and every such payment ihall be immediately dve and pay~ble and shall besr interes~ ~
~~cm ~he da+e thereo4 ~nr~i ~a d a~ rate oi n~ne per centum pe~ annum and togethe~ wAb such interest shall be sec~red by the lien ol rh's morgtage.
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