HomeMy WebLinkAbout2369 ~ ~;~~~85
THIS INDENTURE, 1411~dt th~ 21SL day of MaY A•~• ~975 betWN^
L Lloyd Taylor and Clotilds F. Taylor, his wife
of $t. WCie Counry Flwida, herei~at~e~ desig~ated as_th~ "MORTGAGOR," and fIRST FEDERAL SAVINGS AN~ IOAN
ASSOCIATION OF FORT PIER~E, • rnrporation oryani:ed ar+Q e~ci~ting ~ndr ~he R~ws oi tAs U~~t~d Stat~s of M+erica ar+d havinp in p~incip~l pl+u of
buslnsts in tM City of Fort Pierce, St. lucie Cou~ty, Fiorida, hereinafter dyiqnat~d as t!w "MORIGAGEE;'
WHERFAS the MORTGAGOR is jvilly indeb~ed ro the MORiGAGEE in the sum of ~ 20+400•~-_, qood and lawful money of the Un~ted
S+ates advanced by ~ha MORiGAGEE unto the'MOftTGAGOR, as evidencrd by a certa~n prom~uay note of even date here~u~th, of wh;ch ?he follow~np in
.,ords and figures i~ a truo copy, to-wi~:
s 20 ~400.00 ~y 21 ~ No
Fwt Pierce. flaida. 19
for val~e received. I, we w eithe~ o! ~~s, prom~se to pay, without detolcation, to the order of FIRST FEOERA~ SAVINGS ANO IOAN ASSOCIATION OF
FORT PIERCE al fort Pirrce, Florida, the wm o( S- ?~-1400• w~th ~nterest from date at the rate o18 •?S °o pe? annum, in moMhly ins~al6
~•~;,r: as Fot!ows: S 168 .00 20th of S_
e~_tember ~q_7S_ and s like sum on tne cw~~.~.::t~:-s i=Y ^f each month there-
a'rrr until the whcle be fully pa~d.
Eath installmant first shall be appl~d in payment of the interest and ~hen on the ~npa~d bafance oF the printipal sum. If dcE_.!! N~vds in the
F~,men1 of any instal~ment when dut, and such dzfavit cont~rsues 30 daya, then at !he op}~on of the hoider, and w~ttv+~.r+ any othet not~ce, all the temaining
.ristalt~nE~t~ shall be due and payoble at oncc. Priv1lege is g~ven to prepay this note in whole or in part af any Gme without penalty. Neither fwebea~arKe,
~•or acceptance by the holdtr thereof after any defauls m any payments hereon, shall be d?emed extenslon. A late payment charge of s 8• 4O shall be
d;~d to each instaltment remaming unpaid 7 days after its due date, and a l;ke sum snaU i~e added to each such inataUoient remaining unpaid 7 days ~fter
e•ach succeedinq pavmenY date.
Each maker, wrety and endorser hereoi, ;oiroty and severally, wa+ves demaeid, presentmem protest and notice of protest fw nonnaymeM, and further
~~~ees to any extens~on of nme of payment, e+ther tkfore or after maturay, wit%:out r.o+.ce to any of us; and to pay aIl costs of collection, inciud~ng a
,,,orabla attomcy's fee in the event of any Jefault hereunder, and hereby se.e•aPy waives ali btnefit of homestead and exemption under the constitution
/-~~d laws of each S~ate of the Un;ted States, as agamst this obi~gaf~o~ or any eR~ens~on or rcnrwat he:eof.
Witness the hand and seal of each partv.
~j Lloyd Tavlor ~w~~
. (SEAI)
S/ Clotilde F. Taylor
; a30. 60 ~U
State Revenue
NO1N, THEREFORE, the MORIGAGGR for the purpose of securing payment of sa~d s~m of s 20,400•~~ , snd the pe~formance of the
cc;~enants and agreements hereinafter exp~essed, ar.d (or diven goo0 and valuabte co~s~derafions, by fhese prexnts, does g+ant, bargain, sell, remise,
~•.eo:e, conrey and coniirm unto the MORTGAGEE, its successors artd assigns, alt fhaf certain lot, peece or parcel of I~nd, situate, lying, and being in the
County of St . LuCle and State of Flor~da, described as follows:
5outh 45 feet of Lot 2 and Lot 3, L.ESS South 30 feet, Block 4, South 25th
Street Subdivision, as per plat thereof on file in Plat ~ook 11, page 46
of the public records of St. Lucie County, Flozida.
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~ rc~ether with aU and singular the tenements, hereditaments and sppurtances thereunto belortging or io anywise appertsinirg fhe?ero, and aU rents, iuues, ~
~ ~-oceeds and profits accruing and to accrue irom :aid prem~ses, all o+ which are included in the above and foregoing descriptan and !?abendum. ~
TO HAVE AND TO HOtD the above described and granted prrm~ui unto the said MORTGAGEE, its sutcessws and assiyns forever. Ar?d th~ taid ~
~ their '
~ :'.~RTGAGOR fo~ he;rs, exewrors, admir,istratws and assigns, heroby covenants with the said MORTGAGEE, its sutttssas and assiyne, !
~ th are y prcmises in fee simple; thst tF?e same are free, clear and discharged from all lieru and entwn- .
~~ar IawfuU se~zed of the said
~ :;~ar,ces in law or in eq~ity, and that they W~p a~ their heirs shall virarraM and defend the title to the tame fo fhe s~id
'.'ORTGAGEE, its successors and ass~gns, forever against the lanful tlaims and demands of all peraons;
- PROVIDED, ALWAYS fhat if the MORTGAGOR shall pay unto the MO~ZTGAGEE the promissory note hereinbefore dewibed and shall truly, promptly
~z -~,d fully perlorm, d~scharge, execute, complete, cumply with and abide by each and every the stipulations, agreemenh, tonditiwn and covtoanri of faid
roT~;ssory note and oi this Mortgage, then this Nbrtgage a~d the Estate hereby ucated sh~ll cease snd be null and void.
~
IT IS UNOERSTOOD that the wwd "Mortgagor" whether in tF~e singular w pivral anywhere in this Mortyage, shall be sinyvlu if one only ~nd
~ shz!I be p1uro1 plntly and ssveralty if more than one, and thaf the wwd "theh" ss used snywhere in this Mwtg~ge shall be taken ro me~n "his;' "hen," ~
~ ' its,° whrrever the context so ~~npties or adm~ts. Also, that wherever there is ~ reference ip the coven+nb +nd apreements herein conlsined to ser of !
~ r~e pa.ties hereto, the same shall be conitrued to mean as well ai the heirs, kgal representatives, sutceuors and auig~s (either voluntary by act of tM ~ '
~ ;:arr;es w involuroary by operation of the law) of the same and that the covensnts herein contained shall bind ~nd tF~e benefiri a~d adv~Mayes inw~
~ ro fhe respective he7rs, legal representatives, svccessors and asrgns of the partid hereto. /y~
~ And said Mortgagors, (a themxlves a~d their heirs, legal representstives, successors snd aui9ns, heroby jantly ~nd severally oovena~f ~nd ayr~e
•o and with the said MORTGAGEE, its successors and assigns: y~[
pay a!I and singular the printipal and ieterest and the various and sundry sums of money psyable by virtue of said ptomissory note, and this Q
1. To w ~
--orrgage, each end every, promptly on ?he days respectively the same severaUy become due. a
~
~ 2. To psy sll ~nd s7ngular the taxes, assessments, leviei, lisbi~itics, obligstions and encumbrantd of every n~ture and kind now oe ssid desu~ed ~ ~
prope~ty, or that hereafte~ may be imposed, suffaed, plated, levied, or aueued thereon, a that hereafter may be levied w sises~ed upon this JNorf~-
age, OI fIl! indebtedncss secured hereby, exh ~nd erery, when due snd payable, sccading to law, befwe they become delinqvent, ind beiwe sny int~r~st ~
~ a!taches w eny penatty is incurred; AN~ INSOFAR AS ANY 1HEREOF IS OF RKORD THE SAME SHAtI 8E PROMPTLY SATISFIED AND OISCHARGED OF ~
aE~ORO AND THE ORIGIKAI OFFICIAL DOCUMENT (SUCN A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENDORSEO ucp
~ C'Q CERTIfIE~) SHAII BE PIACED IN THE HAD~DS OF SAID MORiGAGEE WITNIN iEN DAYS NEXT AFTER PAYME.NT; and in the eve~t that any iF+ereof is not ~
~ a:d, sat sfied and discherged sa'd MORiGAGEE may as any time pay the same o? any part thereof withovt waivi~g w affecting any optiw~, lien, equity p~~
- ~~~hr under or by virtue of this morrgage and the tul[ amount of eech and every tuch payment shall be immediately due and pay~bk and shall be~r interest
rhA dr!e ~hereef ~~r.r: ~a d a• rate o1 n~ne pe~ centum per annum and toge?her w~th wth interest shall be utuced by the lien of ~h"s mcrg+age.
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