HomeMy WebLinkAbout1525 3QF3U'~1
THIS INDENTURE. Made t1a 14th d+y Of ~ . A.O. 19 75 be~w~?
'S i. ~ Z
Dan.B. Neiaan and Patricia M. Me{~an. hi• wife
of St. Lu~i$ Cqi~ty Fiwids, Mreinaita desg~ared as the '`MORTGAGOR," ~nd FIRST FEDERAL SAVIlVGS AND IOAN
aSSOC1ATION OF fORT PIERCE, a corpaatan wyao;zad ~nd exitting wxlH Ih~ laws of ~hs United Stat~s of Murica ~nd Mvinp iis principel pl~c~ of
t,.,i~ness in the City o1 Fwt Pimce, SI. luci~ Counfy, florida, hereinahK desiynaled as tM "MORTGAGEE:'
WHEREAS the MORTGAGOR ii justly indebted to the MORTGAGEE in the tum of f 32 ~ good and lawful money oi the U::ited ~
-~ras advanced by ihe MORiGAGEE unto ths MORiGAGOR. ss evidenced by a ce~tein promiuay note of even date herswith, of wMch the followiny in
.,_•ds and figures ~i a tr~e copy, towit:
s 32 , 000. 00 10021 ~45 ~
Fwt Piares. Flaid~, ~y 14 1 QZ~ '
~
For valur recei~ed. 1, ,n~e or eithe~ of us, prom~se to pay, withouf defatcafion, to the order of FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF ~
PiERCE al Fort P~erce, F!orida, the ium of f_.3__2.d_.~~!~--_ w~th intrrest from date at ?he rate of 9!~ 96 per ennum, in monthly install- ~
269.00 20th June 75 ~
as iu~'o.vs: f.----------_ on th2 _ day of _ 14---__ snd a like sum on the carrespond~np day of each month there-
..iri ~hr ~ho:e be fully pa:d.
Each ~nseailn:ent fiist ahal! be appiird in payment of the intereat and tl,en on the ~npaid balance of the principa) sum. If defauh is msde in the ~
n: of any ~rsra::~ne,» v`hzn due, ar.d such dafa~lf cont~~ues 30 days, the~ at the opt~on of the holder, and without any other notice, all the remainiog
•,:~nr~,rs sh~ii t„r d.,e and payab:e at oace. Privilege is given to prepay thn note in whola or in part at sny timo withevt penalty. Neither fwelxar~nce, ~
~.,:~eprerce 6y ~~x holder thereof after any default i~ any payments herean. shalt be deemed extension. A late payment charge of j 13!
,45 shall be i
.i +v ~_,h :~sr,,~.•re~~t rtm~ming unN~;d 7 days after its due date, and a lite aum ahall be added to each such instaL'meM ~emaining unpaid 7 d~ys ~fter ~
s~..:c~~tu~,•g t:ainent date. ~
f,~ch ~,~a:c;, surety and endorfer herrof, joirtly and severally, warves demar.d, presentment prote~t and notice of prolest fw nonpayment, snd furthe~
s ec iny Fx•~~ns~on of t:n:e ef pay~nrnt, e+thrr b.-~ore or after inaturity, witnout ~ct~;e to any of us; and to pay all tosts of eollettioo, includ~rg ~
~b'e av~,.~,_y s 4ee ~n ~he evenr of any dria~:t hereundrr, and•hereby severa:ly wa;ves al~ benefit of homestead a~d exemplion under the tonstitution
o~ e~,h S!~~e eF +hz U~~ited S~ates, as ayainat this o6{igati~w~w any' e,ctension o? renewal herecF.
~1:~fr.ess fi~e f.and end szak of each party. • ;
1, ; t ~ s/Don B. Neisa?n c~?q
(s~?U
s PaLricia M; Nefnan ~q
cs~w
~4~~--- > ~+,re Re~vnue . - ~
L.~ ~i ~i^f+itid. Gla.O: yi ~~i ~Gi Ol .
NpN, THFREFORE. the MORT^vAGOR for fhe purpose of secu~ing payment of said sum of ~ 32J~0~~ snd tix performance of ths
en~s and agr~en:r~,ts he~z~~~o(ter expressed, and fw divers good and valuable consider~tio~s, by these presents, does qrant, bargain, sell, renuse,
ccn~ey a~d corf,.,n unto ths N.ORTGAGEE, irs wccessori and assegns, atl that ce~tain lot, piete o~ pertel of land, situate, (ying, ~nd beiny i~ the
,;~~•iy of ~-_-_---$tt_Lu~~__ and State of Fbrida, descr~bed ~i follows:
[.ot~ 9 and 10, Block 16~ PINS~nAOD SUBDIVISION~ according to the plat thereof on file
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in Plat Book 5, Page 24, Public Records of St. Lucie County~ Floridar =
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~ ~egether with ~II and sirgular the tenements, heredrtamenu and sppurtances thereuMO belonging a in anywise ~ppMsining thereto, and ~II rents, iuva,
~ c~oceeds and profiu acvuing snd to acvue irom said prem~ses, all of wh~cfi are included in the sbove and fore~oiny desviption and hsbendum.
~ TO HAVE AND TO HOLD the above described snd grsn?ed premises umo the said MORTGAGEE, iri succeasors u~d suigns forever. And fM taid
~ ;°ORiGAGOR fof - thQiY he;rs, executors, admin~strators and asaigns, hereby covenanri with the said MORTGA6EE, its suttessws ~nd usipru,
thev are
° ~na: - Iawfully seized of the said premises in fee simpte; that the ssme sre frse, clear and dixhsrped irom all lians snd ancum-
4 ~•ances in law or in equity, and that ~ey will and th@iY heirs shall wsrraM and defend ihe title fo the same fo tM s~id
~ :'..,RiGAGEE, its successors and assigns, fwever sgainst the lawfut ctaims and demands of all persans;
' PROVIDED, ALWAYS that if the MORTGAGOR sMll pay unto tF+e MORTGAGEE t}~e prom~uory note hereinbefore described and sMll truly, promptly
~ r-,d futly pe?form, discharge, execute, complete, comply with and ab~de ~y each and evdy the stipubtions, spreemenri, conditans and tovenants of s~id
~ ..•am~iswy note and of this Mortgage, then this Mortgsge and the Estate hereby vesled shall cease and be rwll and void. -
~
~ IT IS UNDERSTOOD that the wwd "Mortgsgor" whether in the sirgular or plura! anywlxre in this Mortgsge, shall bs sinpulsr if one only ~nd ~0
shal! be plursl jointly and sever~{ly if more than w~e, snd that the wad "their" as used anywhere in this Nbrt~aye sMll be taken to mean "his;' "hers," p
~ "its;' wherever the co~tex~ w imp~ies w admits. Also, that wherever there is s reference in the coven+nis snd syreemenb herein contai~ed fo ury of
~he parties hereto, the ume shall be corsstrued to mesn as well as the hein, legsl r~presentatives, sutcessors ~nd sssigns (eifha volvntary by ~cf of tl+~ ~R
~ oarflez or involuntary by opcration of the law) of the s~me and that the covenants herein contsined shsll bind •nd ~h. benefin and .dvanrapes i,a,r.
~ •o ~he respective heirs, legal representatives, succeswn and au'gns of tMe parties hereto. t~^
~ Md taid Mortgsgors, for themselves a~ their heirs, legsl represe~tativd, successws snd aui9ro, hercby jointly and s~verally covenanf ~nd ayr~e W
~ ro and with the sa7d MORTGAGEE, its successw~ and auigns: ~
1. To pay +II and singular the principal and interest and the various ~nd sundry wms of money payabl~ by virtue of said promiuwy nott, ~nd this ,n
~ mortgage, each and every, promptly on the days respeaively the same sevenfty become due. ~
2. To pay aIl ~~d iugulu the t~xes. usessmenn. Iwies, lisbilities, obligstions ard encwnlxances of every n~tw~ and kind raw on uid d~scrib~d
~ u~operty, or that he?eafter may be ~mposed, suffered. Placed. kvied, a auessed thereon, or that hereafter may b~ kvied a useased upon tFds Matp~ ~
~ ~9e, or the indebtedness secured hereby, each and every, when dw and pay~bk, sccordirg to law, b~fore they becane delinqu*nt, and btfort a~y i~tue~t ~
~ a++r.ches or any penalty is irxurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII SE PROAAPTIY SATISFIEO AND DISCHARGED OF
~ ReCORD AND THE ORIG1hAl OFFICtAI DOCUMENT (SUCN A5, FOR INSTAN~E, 1HE TAl( RECEIPT OR THE SATISFACTION PAPER OFfIC1ALLY ENDORSED
O~ CERi1FIED) SNAtI 8E PLACED IN THE NANDS OF SAI~ MORiGAGEE WITHIN TEN DAYS NEXT AF?ER VAYINENT; ~nd in the eve~t tF?~t any thereof b not
~ c a~d, saYSfied snd discharged sa'd MORTGAGEE may a! any time pay the same w any p~n thereof without waivinp w sffectinp sny opfan, lie~, equity w ~
~ •~~ht ~nde+ or by virtue of this mor~gage and the full smount of esth and every such payment shall be immediately dve and payable snd shall beu interest
~ro-n rhe date rhe eof vn ~t pa~d a~ rate of nine per centum per annum snd togethtr w~th suth interdt shall be sec~red by fhe lien oi th's morgta9e
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