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3QF3 395
TMIS INDENTURE, 1Nade the 15th day of A.D. 19_.~~ betwe~~
Mnrian G~ McCormick, foraerl~r rian G. Bruc~~nan and
_ ~ Arthur B. McCoreei _ h~r husband
of St: ~.UC~@ Cp~nty Flw~da, herrinafta? dssgna~eJ as the "MORTGAGOR;' ar+d FIRST FEDERAL SAVINGS AND IOAN ~
ASSOCIATION OF FORT PIERCE, a corpait~on orqaoized •nd s+~~s~~ng uodar ~hs Iawr of the Un~ted Stat~i of America and having ih principal piace of
bui~ness in Ihs City of Fort Vie~ce, S1. lutie County, Ftorida, hereinaf~er de~igneted as the "MORTGAGEE."
WHEREAS the MORTGAGOR is justly indebtcd to tM MOR7GAGEE in the s~~~i of S~9i5~~~~ _ good and lawful money of the Un~ted
S?eres advancrd by the 1.!ORIGAGEE w~ro the MORTGAGOR, as ev~denc,d by a certa,n pro~u~ssory note ol aarn date herewith, of wh~ch the foltowirtg in ;
:.rds snd figures is a tr~o copy, to-+~~t: g
s39,500.00 10021347 ~
N°- i
fwt Pieres, flo~ida, ~y 15 19 75 ~
Fo~ val~e received, 1, we or r:ther u/ is, promise to pay, without de~aic.j~~on, ~o the erder uf FIRSi fCDERAI SAVINGS ANO LOAN ASSOCIATION OP .
39 500 00 ~
°:2T PIfRCE at Fort P~ercr, Fior~da, ti~e s~.m uf S___ w:th h~rrr.,si irom date at the rata of g!
0 qo per annum, in monlhly install- ;
. „ 356.00 20th June , 75 ~
s aa fot'uws: S-- on the day of ._,.9 _ and a like sum un the co~reaponding day of each month the~e- ~
3
~nr? rhe who:e t~e 1~•Ity pa,d. t
a
i
Each mstal{ment first sfiall be appt;~d m paymen? of the interest an~ then .~r~ ~he u~paid balance of the prinupal sum. If defauh is made in the r
•:_nt of any ~nstaiSmrnt when doe, and wch deiault continues 30 days, then at the opt~on of Ihe holder, and without a:iy other notice, aH the remaining ~
zr.~i;mencs shall be due and payab`e at once. Pr~v~'ege is givrn lo prepay this note in who~e or in Fart at any time without penalty. Neither forebeartnca, j
acceptance 6y the ho!der thercwf afte~ any default in any paymenrs hereor„ sh.~' 6e deemrd extension. A late payme~t tharge of s_17~ 80, sh~ll be ~
d ~o each ~n~taiiment remain;ng unpa,d 7 daYS after its due d~te, and a:i;r a_a~ sh~!1 be added ro each such installment rema~ning unpa~d 7 days sfter ;
~ch succeeding paynzent dste. ' '
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Each maker, surety and andwser hereef, jointty and severolly, wa~ves de~n.~ud, presentmem protest and notice of protest for no~paymeN, Snd (urlhe~ ?
a~~ees to any e~tens~on of tinie of pay.nrnf, e~tF~r before or aft?r matw~ty, with~u~ notice to any oi us; and to pay all costs of collect~on, including a 3
,cnab{e attomry's fee in the evenr of any dH!autt hereunder, and hereby seve•a11y waives ali benefit of homestead and exemption under the constitution ;
~'ans of each Srate of the Un~tcd Styes, a: ayainst this obligat;on w any eatens:on or renewal he:eof.
Witness fhe ha:x~ and seal of each party. G
" • ~ - - , s/Marian G. McCormick formeYl Marian ~Ay
' r uggeatan
s/ Arthur B. M~Cormick
~ 59 ~ 2 S ) State Revenue "
~awwp~ iaiweii~i~ ~r~i~ri. ~o~e) F
NO'dV, THEREfORE, the MORTGAC,OR for rhe 39 500 00
purpose of securing paymeM of sa~d :~m oF S • • snd the performaoce of ihe
.e^ants and agreements here~nafter expressrd. and fo~ d~vers good and valuable cons~d_rat~ons, by theu preseots, does grant, bargaio, seli, ~emise,
e, convey and confirm unto the MORTGAGEE, its succrss~rs and assigr.s, all tha~ certain lot, piece or parcel of land, situate, lying, and being in the
~o,,nty o{ $t • I.ueie and State of florida, deacr~bed a~ follows:
Lots 24 and 25~ Block 7~ SILVER LA[CB PARK ADDITION, as per plat thereof on file
in Plat Book 10, Page 8, of the Public Records of St. Lucie County, Florida',~
~ ay.?7-~o3-oos~ -o~oo~S- .
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' DUE OH CUISS ~C ItiT.ANGtBIE ~~~::i:,.;,t r=•l f. ;/t i
' PURSIJANT TO pippi~R 71-13.. A: T' ~
I,F 1:, t, ;
~ ROGER HOfiF'~iS
! CLERK CIRqlIT COURT, Sf. ll1I:IE CU, ri / ~
~ .
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' •-.~e'her with all and singular the tenemems, hereditame~ts and appurtances thereunto belonging or in snywise appertaininy thereto, and sll rtnts, iuue~~
j :ceeds and profits accruirg and ro acuue from said premises, all of which are included in the sbow and foregoing description and haberdvm.
TO HAVE AND TO HOI~ the above described and granted premises unto fhe said MORTGAGEE, its sutcessors and auigns forever. Md fht s~id
their
:'J~TGA~,OR for he;rs, eaecutws, admEn~strators and auigni, kereby co•renants with the said MORTGAGEE, its wccesson u~d ~ssipro,
they aYe tawfulty uized of the wid prem~us in fee simple; that the same are free, clesr snd discharged from all lierq and ~ntum~
~ ~~a~.ces in law or in equity, and that they „„~p a~d their he'vs shall wsrrant and defend the tiHe to the ame to the wid
;'~RiGAGEE, its successor: and assgna, fwever against the lawfu! ctaims and demands of sll persons;
PROVIDED, AlWAYS thaf if the MORTGAGOR shall pay unto the MORTCaAGEE fhe promisswy note hereinbefwe destribed snd sMtl fruly, promptly
•~`u~!y perform, d~scharge, execute, complete, comply wi~h and abtde by each and every the stipulatior:s, agreemenfs, conditior?s and covenaMS of s~id
~-,~ssory note and of this Mor~gage, ihen this hbrtgage and the Estate hereby ueated shsll ce~se and be nvll and void.
IT IS UNOERSTOOD tha~ the word "Mortgsga" whether in the sirguiar w plural snywhere in this Mwtg~ge, shal) be sinpul~? if one only ~nd
be plural joinHy and uverally i~ more than one, and that the word "Ihe;r" as used anywhere io this Mortqage shall be t~ken to mesn "his," "F~s;' W'_1"
-'~+s," wherever the conteat so implies or admits. Alw, that whereve~ there is a reference in the covenantf snd syreemenri herein oonuined to any of flx
~ e parties hereto, the same shall be construed to mea~ as well as the heirs, lega) represent~tives, svcceuors and suigns (either voluntsry by ~ct of the ~
~~-!:es or involuntary by operation of the law) of the same and that the covenants hereio contained shall bind and the benefip and advants~q irwre ~
rhe respective heirs, legal representstives, sutce~sors and ass~gns of the parties hereto.
And said Mortgayors, fw themselves and their heirs, legal representatives, iuccessors and assigns, hereby jointly a~d uverally covenant and pres ~
and w:th the said MORiGAGEE, its successors a~ assigns:
1. To pay all and singulsr the prirxipal and inte?est and the variovs and sundry sums oi money pay~ble by virtve of uid promissory note, snd this ~
--ort3age, each and every, promptly on the days respectively the same xverolly become due. l~+.il
~ 2. To psy all snd ~ingula~ the taxes, assessments, levies. Iiabilities. obligatans and encumba~nces of every nature and kind now on uid destribed r
4 c~operry, or that hereafter may be ~mposed, suffaed, placed, levied, a auessed thereon, w that hereafter m~y be levied p~uessed vpp~ this µqrt ~
~
~ ~ge. er the indebtedness sec~red hereby exh and every, wFxn due and payable, xcwding to law, be(ore they become delinque~t. ~nd befw~ any intaq~ ~
; •'-ches or any penalty is incurred; AND ~NSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHAII 8E PROMPTLY SATISf1E0 AND DISCHARGED Of ~
_~ORU AND THE ORIGINAL OFFICIAt DOCUMENT ISUCH A5. FCR INSTANCE. THE 1AX RECEIPT OR iHE SATISfAGT10N PAPER OFFICIAIIY ENDORSEO ~
~ CERiIF1ED) SHAII BE PLACED IN THE NANDS OF SAID MORTGAGEE WITHIN 1EN DAYS NcXT AFTER PAYMENT; and in the eveM thst sny thereof is not
d. sat sfied and discharged sa:d MORTGAGEE may at a~y t~me psy the same or any parf Ihereof without waiving u affecting sny option, (ien, equify or ~
•-,r under or by virtue of this mortgage and the full amount of each and every such payment shall be immediately due and payabk and shal~ bear interest
i 'roT ~he da}e ~~ereof ~,.r;l ~a d a~ rate of n~ne per centum per annum ~nd together w~th ~~ch interest shaU be secured by the {ien of th"s morgrage
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