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iHfS INDENTURE. N1~ tAt 8th day of `~uly .A.p. 19
75.~ bihwen ;
_ Treasure oast Bu ers, Inc. ~ A Flo~i,~la ~oip4ration
o~ St. I.L1C @ ~~~~N F~a;da, hersinafrer des~ynataJ as ~he "MORTGAGpR," a~ FIRST FEDERAL SAVINGS ANO IOAN
ASSOC1AilON OF FORT PIERCE, • cwporation w9an~zed and ea~sri„~ w?de. ~he larvs ot the Un~ted Sa~~s oi America and haviap in principal pl~cs of
bu~~r»u in 1M City of Fat Piac~, St. lucie Counry, Fbrida, hereinah~~ designa~ed as ihe "MORTGAGEE:'
WHEREAS IM MJRIGAGOR is jwtly indtbted to the MORTGAGEE in ~i~e s..m ot 524~8~•~~ good and lawiul n,oney of tM United !
S~aro~ adwnced by th~ AtORTGAGEE unto the MORTGAGOR, as ewdrncrd by a carra~n promiiswy no~e o~ e~en date herewith, of wh~ch Ihe foUowin9 in
~ 24 a8~ v~~ irue copr. tow~r. 13000083
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fwt Plerce. Flaida, '~Uly 8 19 75
Fw val~e rectiv~d, 1, we w either of us, promix fo pey, withaut defalcanun, to tfic o~der of~FIRST FEDERAI SAYINGS AND tOAN ASSOEIATION OF
F~?RT PIERCE at Fart P~erce, Florida, the sum of S-24L8~•~~_` _ w~rh inirrrst fr~rn date at the rate of _8t?~ per annum, in mo~thly install-
204 00 20th ~ October 75
~fs a: fotiows: S~__!__ on the _ day ef 19 artd n like sum oo the <or?esf~~ndfny day of each mo~th there-
+~~er unt~l tAe whale be fu!ly paid.
Each instaltment (i:sl shall be appl~ed in pay~ne~t of the in~erest and it~en cn !he unpa~d balance o1 t!u principal w~n. If default is msde In the
;•..~nrnt of sny insta~lmrnt v`Fxn due, a~~d ;uch defe~tt caduwes 30 days, ~hen at tiia op+~on of the holder, and without any other notice, all the remaininy
~~sratimenrs shall l,r dur and payab!e at coce. P~~v~leye is ~~van to prepay th;s r?orc in whole o? io part at any time without penalty, Neilher ;arebea~ance,
r.c~. JCClPfifK! by the holder thereef after an~~ defa~h in any ua~cmrnts here~on, sha!~ be deemed extension. A la+a payment tharge of = iy~~ ~ha11 be
::i ~.~d to each insrelimen! remain~ng unpa,d 7 days after its due Jate, and a Li.e wm shali be addrd to each such instailmont remainino unpaid 7 days affer
each succeeding payment date.
Each maker, surety and endorser hereof, jointly and se~eraliy, wa~ves dema:id. presrntment prottsf and notice of protest for ~payment, a~d furlher
~arees to any rxtens~on of tSmN of pay~nrnt, <~if 4r bafore o~ a(!er m~tu~ily, wi~hou~ no~,ce to any of us; and to pay all costs of collection, includiny a
esonable attomry's fee in fhe evenr ot any drf3utt Fr~eundrr, and hereby s~rrra!ly waives aIl benefit of homestead snd exemplion uoder the tonstitution
>,:i laws of each Siate uf the ll~~ired Starrs, u eya~nst ihls o'vl~yanon w any extens~on or re~j~v~l_h~_cof~ ~AST BUII.DERS, INC~
W~tness ths hand and seal of cach party. K~'A UR
Byt s/Richard Flanzbaum~ p~sident
^ ~ (sei?U
^orporate seal a~Pix~ed ~q
. Attested Byts ar evens~ ~cretary ~
~ 37.20 State Revenue ~u
~sr3n,p~ ru+~tca a~r a~~TMaf ~:af .
k01:. THEREFORE, the MORTGAGOR for the purpc,se of securing pa~m~nt of sa~d svm of j 24 ~ 80~ , ~nd tht performance of th~
cove~ants and agreements here~nefter exp~essed, and for d~vers gaod a~d vaiuabte conaiderat;ons, by tl+ese presents, does grant, barqain, sell, remiss,
~~~'ease, convey and coniirm u~to the MORiGAGEE, its succesw~s and auig~s, al: ihat certain bt, piece or pa~tel of land, titu~te, lyin9, snd beinp in ths ;
Ccunty of $L. 1.L1C1@ and Stete of Flor~da, dcsu~bed as follows: .
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Lot 2, Black 765, PORT ST. LUCIE, Section 18, as recorded in
Plat Book 13~ Pa4e 17, of the public records of St. Lucie County,
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A'~ P-=~ i ~ECE~~ ~FR ~~~E ~~j :
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~cpether with all and singular rhe tenements, hered~tamertts and appurtanccs thereunto belonging w in anywise apperfaininp theteto, ~nd st) rents, isav~s,
::•xecds and prafits accruing and to accrue from taid premises, all of which are included in the abov~ ~nd fweyang descriptioo and habendum.
TO HAVE ANp ,Tp HOLD the above descr:bed and grented premises unto the sai~ MORTGAGEE, its svctesson snd assigns forever. Ard th~ Nid
:,~~T~P~p R f~ _`1t5___ ~~~s, exetutws, administraton and assigns, heteby tovenanis with the ~aid MORTGAGEE, its t~rttsasors snd astipns, `
1 L 15
lawfully se~:e~ of the said prem~xs jn fce ~implr, that the samt are free, dear and discharged from all liens ~nd Mcum~ i
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:.a^,ces ~n Iaw or in equitY, and thaf----- w~q and _ heirs shall wsrrant snd defend tM +itle to the same to the said ~
:'~RTGAGEE, ~~s successws and assgns, forever againsr the iewful ctsims and demands of all persoos;
PROVlDED, AL?YAYS that ii the MORTGAGOR shall pay unto the MORTGAGEE ~he p~omiasory note hereinbefwe desuibed and ~lull fruly, promplly ~
-^d !~~iy perform, d~scharge, eaecute, comp4te, comply with snd ab~de by each and every the stipulatioos, a9reemenri, conditions +nd covenant~ of said ~
__~~,:ssory note a+~d of this Mortgage, then this 1Nortgage and the Estate hereby created thal! cease and be null ~~+d void. ~
~T IS UNDERSTOOD that the word "Morrgagor" whether in the s~ngu[ar w plural anywhere in this Matgsye, fFull be sinyular ii on~ only and
a'~ be plurat jo;ntty ~nd severally more than one, and that the word "the~r" as used anywhere in ~his Mo?t9ay~ sh~ll be bkeo to meu? "ha; "'h~n,"
`:ts~~~ KFTCtCYCt the conteat so ~mpties w adm~fs. Also, that wherever there fs a reference in ~he corenann snd sgreemenn he~e~n co~a~ned ~o any of
~~e part~es hereto, the same shall be consrrued to mea~ as weU as the heirs, legal representativq, successas and usi9ns (either voluntary by act of !M
car:~es o+ involuntary by operation o~ the :aw) of the aame and that the covenants herein contained shall birx! snd the benefib aed adwn!apq imrt~
;he rppective hein, legai repreuntatives, successws and au'gn: of the partip hereto.
And tsid Nbrtgagors. iw rhemulves ar?d their he'as, Iegal reprcuntatives, successors snd suigns, htreby jointty and sever~lly cov~naM and ap~~e ~
•o and w~rh the uid MORTGAGEE, ifs successort and assigos: ;
1. 1o pay •II and singular thc principal and interest and ~he varioas snd sundry wms of mw~ey pay~ble by virtw of isid promissory not~, and this ~
~~o~f~a9e., each ~nd every, prompriy on the days respectirely the tame severally ~orne due. ~ ;
2. To pay all and singvlar the taxes, asse~sment~, ievies, liabilifies, obligatior» ~nd encwnbrances of every nshwe and kind now on s~id d~scr~d i j
~~ope.ty, w tF~at hereafter may be ~mposed, s~ffe~ed, pl~ced, levied, or auessed tFxreon, o? thal hereafter may b~ levied a Ks~ued vpon this Mwtp- ~~~~f
age. or the indeb+edness secured hereby, each and srery, when due ~nd psy~ble. xcord~ng ro law, bs(we they become delinquent, and b~fort any &~tM~st AF~
r.~~aches w any penatty is inc~rred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SNAII SE PROMPTIY SATtSF1E0 AND OISCHARGEO Of
~iCORD ANp THE ORiGIWAt OFfIC1A[ DOCUMENT (SUCH A5, FOR INSTANCE. TME TAX RECEIPT OR THE SATISfACT10N PAPER OFfIC1ALlY ENlOORSEO
~R CERTIFIED) SHAtI 8E PIACED IN THE HANDS Of SAOD MORTGAGEE WITHIN iEN DAYS NEXi AFTER PAYMENT; and in the evenl thst any tM?eof is not
c~•d. s+t s(ied and d~schsrged sa'd MORTGAGEE mey a~ any t~me pay the same or any part thereof without w~iving or a~fectirg any option, (ien, equify p
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~nder or by v~.rve oi ~his mo, tgage u+d rhe fu~~ amount o~ each and evc~y s~ch payment shall be immed~ately due and payabte and shall bea~ interest
'~c+~-- d•!• ~-c•ec~ ra~e of n:ne per cer.tvm pe~ annum and !oge~her w.th such inrerest shail be secured by the lien ol rh s~s,o*g~aqe
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