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THIS INt~ENTURE. Made the 2n~ - day of ?`~aY _ _ A.O. 19~ berwaen
k~illiam R. Parlmer and_Patricia~R. Paltner~ ~his_wife
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oi St . Luc ie Counry Fiorida, here~nafur dei~ynated es rhe "MORTGAGUR," a~d FIQST fEOERA~ SAVINGS AND IOAN
A.SSOCIATION OF fORT PIERCE, a corpwa+~on organ;zed ar~; exesting unde? the ~a~vs oi ~he Un~~ed Sa~os oF Americ~ a~d havinp it~ principa) p!ac~ of
bus~nasf in fhs Cify of Fwl Pierce, St. lvue County, Florid~, here:nefter designatrd a~ the "MGRiGAGEE:'
WHEREAS the MORiGAGOR is ~vi~~y indebted to the MORiGAG~E in the e~m u! S-a7s?~s-~ 9ood and lawful money of the UnYed
Srares advanced by the fAORTGAGEE ur.to the MORfGAGOR, as ev~dencrd by a.eri,~n promissory no~o of evrn date he~ev,ith, of wh~ch the iollowing in ~
nc;ds and figurea is a true copy, to-+vir. ~
s 47,200.00 ~10021320 ~
:°;,rt Pierce. ilorida. - r1`~y 2 1975 ~
Fw va!ue received, I, wr or either ol us. prom:se to pay, w~thout de~a:coi~~n, +o ~he erde~ of FIRST FEUERAI SAVINGS AND IOAN ASSOCIATION OF
'Qi PIERCE al Fort Fie:<e, Flo.~da, the sum of j_!4?s2~:QQ v~ ~h ~or~•~sf trom dare a~ thr rate of _~.~6 per annurr, in rtronthly install- ~
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••~s as fot(ows: 5~~~~ on tne _ay of !v_75_ and e like sum on the corresponding day of each mo~th there-
untii ~ne whole 6e fuHy paiJ.
Each ~nstallment first shall be app:,ed in payment af :he intere;t and ~6en ~n the unpa~d t»Iance of the prinrpal sum. If drfault is made 1n tff3 ~
,~.,•.e~it of any ~nsta!6nent wF.an dur, :,nd act~ defa~h continuee 3C1 days, ~hrn a~ tne opt~on of fhe !~oider, and without any other notice, all Ihe remaining ~
:r,lin;ents shaN L.e due and payab!e at once. P~~.ile3a is givrn to prepay fh~s rwte in wFo~e or in part at any time without penalty. Neithrr iorebearsnte, i
..r acceptance by the hotder thereof afir~ a~y ~fault in a~y uayments hereon, sha~~ be deer.,ed eXtens~cn. A lare payment charge of s.a~•-~~., ihall be
d to each insr3l:mci~i remaio+ng unNa:d 7 days after iis due date, and a:~ke s., n sne!s t,e ,ddrd to ea;h wch ir.stallm~M rema~ning unpaid 7 days affer
~~:h succeeding pa~menr due.
Each maker, surety and endv~ser hereof, ~oint~y a~:d severa;~y, v,a~ves demsnd, p~rs_ntmem protest and r.otice of protast for nonpayment, and furthet
,:~~es to any eatrns~on of t;mr of Pey~nen~, eahe• b~fure or aEter n,s;ur;!y, w:r~,.~+ n~r,c~ ro .+ny o} us; and ro pay all costs of colleaion, includ;ng a
~njb{e attorr.ey's fee in the e.ent cf any det:+u:t i~ereunder, and hereby s=ve:atiy wa~ves ali benefA oi homestead and taemptiQn under the ConslitWion
i~dK'S of each Sta~e of ~he Ur:ted ~!er~s, ~i oy~~:~st !i~is O~'~CJd!~Jn w any exrens~on or renrwal hereoF.
Y~itness the hand and seal of ea;h F~~rtv.
. . . - • , ~ /tv i 11 i am B . Pa lme r ~q
ts~?U
s/Patricia R. Palmer ~,q
S70 80 «
• State Revenue '
R.mrps reneen4~ ~R art~arrta*e)
NO'N, TKERfFORE, the MORTGAGOR iw the pur,~ose of securing payment of sa~J s~m ef j 47 ~ 200•~~ , and the performance of the
.~:rrnants and ag:eernents he~e:naSter expreised, and Eor d;vers yood ard valuat!e ccRSiderat~ans, by Ihese prex~+ts, does gront, bargain, sell, remise,
_.,se, cenvey and confirm ~nto the MO~T;,AvEE, its svccessors and assigns, a!t ~hat ce~rain lot, piece or parce) of land, situeie, lying, and being in the
Ccvn;y of - St. LUClE3 and Sta1e of Piorida, desaibed ~a foltows:
Lot 26, Block 5, LAKFWO()D PARK, i~TTT 8-B, as per plat thereof on file in
~lat Fook 11, page 48 of the public records of St. Lucie County, Florida.
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= Pt1RSt1MfT 70 CHAP? 71-13~i. N;,TS Gf la`~~~
~ ROGER POfiFJI; l~
~ CLERK CIRCUIT CpURT, Sf. Luf.lE t~, F!l,,,
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~ •~3erher with al! and singular rFe tenements, heredltaments and appurtances thereunto belonging w in anywiu appertainirg therero, and all rents, iuues,
~ ~~xeeds and profits accruinq and to acvex from sa"sd prem~ses, alI of which are included in the above and fortgoing dewiption and habendum.
~ TO HAYE AND TQ HOID the above described and gransed premius vnto the said MORTGAGEE, its s~ctessors ~nd sssgns forevet. And th~ said
their
~ :~^nTGAGOR for - heirs, executors, admi~~strators and assigns, hereby covenants with the ssid MORTGAGEE, its successors ~++d auipos,
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the are
~ ~-3r lawfuliy se~zed of the saed prem~ses in fee simplc; that the same are free, desr aod dixharged from all liens and e~
~ ,~ces in law or in equ;ty, and thai_ t_
hQ~_ will and their fieirs shall warrant and defend the title to the same to the faid
:~QTGAGEE. its svcc?sson and assi9ns, (orever against the lawful daims and demands of sll persor:s;
PROVIDED. AlWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE ths promissory note hereinbefore destribed and shall truly, ptomptly
~ d fvlly perform, d~scharge, exewte, comp:ete, comply w~th jnd ab~de by each and every the stipulations, agreements, conditions snd covenants of ~id
= , n:sso{y note and of this Mortgage, then this M.ortgage and the Esrate hereby created shall cease and be null and void.
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~ IT IS UNDERSTOOD that the wwd "Mortgagor" ~rhether in the singular or plural anywhere in this Mortgage, shal) be sinyular if one only and
i'+ be plura~ jointly and severally i( mwe than one, and that the word "thei?" as used anywhere in this Mortgage shall be taken to mean "h'a," "hen," po~
~ '~;s," wherever the context so impties or admits. Also, tnat wherever thero is a re(erence in the covenants and agreements herein contrined fo +ny of ~
4 e part~es hereto, the same shall be construed to mean as viell as the heirs, legal rep~esentatives, svtcessors and s~signs (eithtr voluntary by act of tM
~ .~-t~es or involuntary by oFeratian of the law) of the same and that the covenants herein tontsined shall bind and fhe beneffn and adwnuges inut~
~ •o the respecrive heirs, legal representatives, successors and ass~gns of the parties hereto.
~ And said Mortgagors, for themselves and ±he;r heirs, legal repreuntatives, s~ccessors and auigns, hereby jointly and severally covenani ~nd apree
~ ro and with the sa7d MORTGAGEE, its successors and assigns:
~ 1. To psy all snd singular the p~incipal and interesr a~d the various and sundry svms of money payable by virtue of said promissory note, ~nd tF~i~ ~
~ T~rtqsge, each and every, promptly on _the days respectively the same severalty become due.
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~ 2. To pay aIl and singular the taaes, asseument~, levies, liabiii~ies, obligations and encumbrarxes of every nature ~nd kind now on iaid ddnibed
Qroperty, a th~t hereafter msy be imposed, suffered, plxed, lev~ed, w assessed thereon, w that hereaiter msy be levied a ~ssested upon tha Mwt¢ M~
~ age, or the indebtedness secured hereby, exh and every, when due a~d payable, xcording to law, before they become delinqvent, and before sny intues~
~ ~r~ches or any penalry is i~wrred; AND INSOFAR AS ANY THEREOF IS OF RECORD iHE SAME SHAII BE PROMPiLY SATISFIEO AND OISCHARGEO Of
.v~'r ~ECORU AND THE ORIG1PiAl OFfICIAL DOCIiMENT (SUCM A5, FOR iNSTANCE, THE TAX RECEIPT QR 1HE SATISFACTION PAPER OFiICIAtIY ENDORSE~
~ ~P CERTtfIED) SHAII BE PIACED IN THE HANUS OF SAID MORiGAGEE WITHlN TEN DAYS NFXT AfTER PAYMENT; ~nd in the event that any thereof a not
d, sat siied and discharged sa d MORTGAGEE may at any t~me pay the same w any part thereof without waiving ot affetling sny option, iien, equity p
~ •.qhf under w by virtue of this morrgage and ~he full amo~nt of each and every such paymem shall be immediafely due and payable and shall besr interest
i~Gr*', t~p ~+r+e the•eo~ r,a d a~ ~ate of mne per centum per annum and togelher w~th s~th inte~tst shall be secured by the fien of th's morqtage.
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