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TH~S IN~ENTURE, 1N~d~ the l~th day of R~1y ~ A,D. 1975.. be~ween
• ~+lilliam T. Wells an Myra t,. we a, s w e
of St • L~1C~@ ~q~nty Florida, FKninafte* dssignated as 1hs "MQRTGAGOR," ~nd FIRST FE~ERA~ SAVINGS AND IOAN
ASSOClA110N OF fORT PIfRCE, a corpaatan apapized and exis~iny under ths laws of tM Unit~d Saqs of Hmaica ~nd havinp it~ pri~cipal plaa of
bus~MSS in tM Ci?y of fort Pierc~, St. L~ci~ County, Flwlda, hK~inahK despn~~ed as ths "MORTGAGEE."
WHEREAS tM MORTGAGOR is 'rystly indebtsd to Iha MORTGAGEE i~ tla sum of =~2 ~~0•~~ ~ood and I~wful monay oi the UnNed F
Sretes advanced by the MORTGAGEf unto the MORTGAGOR, as evidenced by a certain promiuory not~ of even date herew~th, of wh~ch the toUowinp in
words and fi urrx is a ~rw copy, IOwif:
~ 12~00~•00 ~ 13000042 ~~y..
fort Piercs. Florida. MaY 13 19 75 i
Fw value received, 1, we or ei~her of us, promise to pay, without defa!cation, to the orde~ of FIRST fEOERAI SAVINGS AND IOAN ASSOCIATION OF
fORT PIERCE at Fort Pierce, Flo?ida, ~he sum of = 1~~Os~ w~th ~n~erest from date at Ihe rafe of 9~~ °16 per annum, in monthly instell-
~,ems as follows: ~ 1~8~~ on the 20th day of June , 19?S and a like sum on the carespa+dinp day of each month there-
arter until the whole be fuliy paid.
Each installment fint shall be applied in payment of the inferrst snd then on tlee unpaid bslance of the princtpal sum. If default is rttade in the
Fa~ment of any instaltment when due, and such default cominues 30 days, then st the option of the hotder, and without any otFur notice, all thc remaining
~„srallments shall be due and payable at once. Privilege is given to prepay this note i~ whole w in part at any time wilhout penslty. Neither foreb~sru~ce,
nor acceptsnte by the holde~ thereof a(ter any default in any payments hereon, shalf be deemed eXlension. A late payment ch~rys of =n 5~40 shall bs
,dded to each insrallment remaining unpa~d 7 days after iri due date, and s iike svm shall be addrd io each such installmeN ~em~ircing unpaid 7 dsys aftet
each succeeding pay~nent date.
Each maker, surety and endwscr hereof, jointly and severally, wa~ves demand, presentment protest a~d notice of protest fw ~wnpayment, and ~urther
agrees to any extens~on of time of paymant, eirher before or after maturiry, wlth~ut nat~ce to any of us; and to pay all costs of cdlection, incl~d~rq a
.easonable attwney i fee in the event of any default hereunder, and hereby severally waives sll benefit of hpmtitead and eaemptia? under the ca~stitutio~t
a~~d laws of each State oF the United States, as against this obl~gation w any ex+ension o~ renewat hereof.
Witness the hand and ual 01 e+ch party.
_ . . s/ wiiiiam T. toells ~U
. , _
cs~?u
s/ Myra L. We].ls ~u
fi 18 00 ' ~u
• ~ stafe R~~~~ue •
tSrar.p~ sa~re4s~~w -0w~iw~~wac)
NOW, 1HEREFORE, the MORTGAGOR fa ihe pv?pou of securing payment of said sum of S~y~00.00 and the performante of ths
covenantt a~d agreemenrs herei~after expressed, and for divers good a~d vatuable conaider~tions, by these presents, doef g?ant, baryain, sell, remise,
~e!ease, convey and confirm unto ~he MORTGRGEE, its successois and assigns, etf that certain bt, piece d partel of Isod, sitv~fe, lying, and bein~ in ths
i
County of $t •~C1@ and State of Fforida, dexribed si follows:
Lot 15~ Rlock 3~ of the revised plat of TROPICS S[TE~DIVISIO;V, as per
plat thereof on file in Plat I~ook 6~ Page 21~ of the public records
of St. Lucie County, Florida ~ a y.3 3~~~~~~d yQ- DOd/~
I
~
~ . RECENED -~D IN PAYMEM QF TIU(Es
i DUE Otl ;,!J1SS 'C ItV~AN6181E ~ERSONAL PROPERtY.
~ PURSUAMT TO CH1°tCR 71•134, ACTS Of 1911.
S TAT
E J~~ L O R i D fi> ~ r~oc~ Poru~s ~
} ~ z N D O._ li~`i C N~ta R.i S T A M P~, X~ CIERx CIRCOIT COUItT, ST. WCIE 00., Fu
! Z-' LE2f. G: 'N.cVE.+.UE. ~"~J^~~,3~~~. ~
~ Km r~8 --:A'1.`.'i Jti ~ v. Q~ r
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rogetner with all and singular the tenements, hereditaments and app~rrtances thereunto bebngirg or in anywist apperfainieg thereto, snd all rents, issua,
proceeda sr~d profin acuuing and to accrue from said premises, sll of which are included in the above ~~d fw~yoinp de~cription u~d haba+dum.
TO HAVE AND TO kOtD the above deuribed and gnnted premises umo the said MORTGAGEE, its a~ccesson and aul~m forevar. Md tM said
:~.ORTGAGOR fw hein, executws, admin~stratws ~nd sssigns, he?eby covenann with the said NWRTGAGEE, its ~vaason u~d ~aipm, t
~
~ha! ~~X-a~-- lawfully sei:ed of the said prcmises in fee simQle; that the sartN at~ frte, ckar ~nd disciurped from sll I'~ and ~e~axo- ~
~ n~ances in Isw a in equity, and that they will and thelr heirs shall wursnt a~d d~ftnd the titl~ to tM sarm to the said ~
- !:.ORTGAGEE, its successors and assigns, fwever against the lawful clairty and demsndi of all perwns;
~ pay unro the MORTGAGEE the promiuwy note l~einbefore deuribed a~d sh+ll trvly, promptly
' PROVIOED, ALWAYS that if Nx MORTGAGOR shall
and fully perFwm, dsuharge, execute, compkte, comply with and abtde by each and every the stipulatans, ~yreemenri, tonditions ~nd covenants of said
~ cromissory note and of this Mwtgsge, then this Mortgage and the &tate hereby ueated ih+ll tea~t and be null and void.
~ IT IS UNOERSTOOD that the word "Maryagor" whether in the s~ngula? a plunl snywhere in ihis Morty+~e, shal) bs sinpulat if a+e only ~nd
~ +~:alt be plural joiMly snd severa~ly if more tMn one, and that the word "their" as used ~nywh~re in this Mwtyaye sh~ll be Uken to mean "his;' "hen," a°0
or "its;' whcrever the context so implies a sdmiis. Also, that wherever there is s reference in tM covenanri and ayreemenb herein co~t~inad lo ~ny of o~p
~ +he parties hereto, the same shal( be construcd to mean well as the heirs, kgsl representatives, wccessors and sssiynt (either volunt~ry by act of tt» ~
oarries o~ involuntsry by operation o4 the law) of the same snd that the covensnts herein contained shsll bind and tht benefiri snd advant~yes inw~
+o rne respective he'as, kgal rapresentatives, successws snd su~yns of the parties hereto. ~
And wid Mwtgsgors, fa themselves ~nd their hein, le9sl representatives, iuccessws and ~stiyru, hereby jointly and wverelly covena~+t ~nd ~yree
ru and with the iaid 1NORTGAGEE, its successors and ~uigro: ~
1. To psy +II ~nd sing~lsr the printipal and interest snd the vsriovs and sundry sums of money psyable by vertw of said promistwy not~, and this ~
~ mo.tgsye, esch and every, promptly on ths days respectively the same severally becom~ dw. . ~
~ 2. To p~y sll and sinpvia~ the »xes, assessment~. Iwies, liabilitie:, obligstions and ~ncvmbrances of every Mtw~ and kind raw on said dacrib~d ~
property, p that heresfter may bs impoted, suffe~ed, plated, kvied, a assessed thereon, at fhat htr~aft~r may b~ Itvied o? aistsf~d vpon Mis M~ort¢ ~
age, or tM indebted~eu secured herebY, e+ch u+d every, when due and p+y+bk, accwdirg to Isw, befon th~y become d~iinquent, and befor~ ~mr int~rat
art iches a any penalty is inturred; ANO INSOFAR AS ANY TNEREOf IS Of RKORD iHE SAME SHALL BE PROJNPTLY SATISFIED ANO DISCHARGEC OF ~
RECORO AND THE ORIGINAI OffIC1Al OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SAiISFACTION PAPER OfFICIAIIY ENDORSf~
OR CERTIFIED) SHALL BE PLACEO IN THE HANDS Of SAID MORTGAGEE WITHIN TEN OAYS NEX1 AFTER PAYMENT; a~d in the tvent tMt any thereof is ra1
~~a~d, ssYsficd a~d dixharged ss:d MORiGAGEE may at any time pay the ssms or any pa?t thereof witFw~t waivinp or ~ffectinp ~ny optioe~, lien, equity or
•~vh+ unda w by virtue of ~his mortgage end ~he full amount of each and every wch paymeM shall be inwnediately dve and psyabk and shall bea~ intaa~
~rom rhe date the~eo~ ~nr1 pa:d at rate of nine per centum per a~nvm and toyNher w~eh such interest shall be setured by the lien of th's morgtage.
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