HomeMy WebLinkAbout1268 r • ' , 31~4~5
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THIS (NDENTURE. Mad~ th~ 31St day oi ,uly ~.Q. ~9._75 bNwN~
Victor W. CAx and L da B. Cox his w fe S~ ~ •
of - St. i.ucie Co~mty Flaida, he~ei~ftet d~sigoatcd as fh~ -'MORTGAGOR;' ~nd RST FEDERAI SAVINGS AND• LOAN
ASSOCIA?ION OF FORT PIERCE, a cwpo.~t~on orpa~~d and ~xii~inp uoder th~ lann of tM Unitd Stat~s of A+Mrk~ uid havi~p iri principal plac~ of
busirhss ln th~ City ot fwt P~c~, St. luw Cwrnty, Florida, hc~~in~ftK desiy~ated ~s rh~ "MpRTGAGEE." •
WHEREAS tM MORTGAGOR is jwtly indtbted to Ih~ MORTGAGEE in the sum of S 26 f 4~ - yoa! ~nd I~wful nwn~y oE the United
States advarx~d by the :~10RiGAGEE unlo 1he A10RTGAGOR, as evide~cad by a cenain p~omiuay note of eve~ dats htrewith, of which tM fpllowiny In
wwds and f~pwes is a t~w copy, ~owlt: ~ 13000112
= 26, 400.00 - ' No
fort Piac~, Flwida, July 31, 1975
fw value receircd, t, we w e~ther of va, prom;se to pay, without defatcation, to the order of FIRSt FEOERAI SAVINGSS AND LOAN ASSOCIATION OF
fORi PIERCE at Fort Pierce, Florida, 1he s~m of s?6 ~ 4~ wiih interetl (rom date ~t the rafe of 8• 776 pe~ annvm, i~ monlhly ieutall-
men~s as fottows: S 218.~ ~ o~ the Z~th day of September ~ ~y 75 and s like svm on ths cwrespa+d~r+~ d+y of e~ch manh iherr
aite? until ti~e whote be fully paid.
Each i~stallment firsl thsll b~ applied in payment of the interest and then on the unpaid batance of the p~intipal wm. If defauh b msde in 1M
payment of any insfatlment whe~ due, and such default continues 30 dayi, then at the option of the holder, a~d without sny otlxr notece, all the ~emainin~
insfallments shall be due and payable at onte. Privilege is give~ to prepay this note in whole w in p~rt at ~oy time without penslry. NeitF~ forebearant~,
rwr acceptance by the hoMer thereof after any default in any paymems h4rew~, ihall be deemed extention. A Iate payment thar9e of = lO • 4O _ shall b~
addcd to each installrr~nt remaining unpa~d 7 days afie? its dw dats, and a like sum shall be edded to each iuch uutaliment remaininq unpaid 7 days affer
each succeedi~g paYment data
Each make~, surety and endorser hereof, joinlly and uverally, vraives demand, presentmeM p?otest and notite of protett fw ~a+payment, and fvrther
agrees to any extens~on of time of payment either before or after maturity, without no?ice to any of us; and fo pay slt msts of collectioe?, intludinp •
reasonable attaney'~ fee in the evenf of any defaul~ hereunder, and hereby seve.ally waives al! benefit of homestead and exemptio~ unde~ the consfitvfion
and laws of each Srate of the United Statas. as against this obligalion or any eatension er renewsl hereof.
Wi~ness the hand and seal of each party.
sNictor w. Cox ~
s ynda . ox ~
cs~?u
~ $39.60 ) State Revenue ~
~9rw~r-csn~elteQ~ arr a?IpR?af Tet~
NOW, THEREFORE, the MORTGAGOR fw the 26 4~ ~
purpou of securing payment of ssid sum of S • ' . and tM perform~nce of th~
covenants ard agreemer~ts hereinafter expreued, and iw d+vers good_ and wb~ble conside~~tiorq, by fhtu presenis, doas yr~nt, bsr9ain, sell, remise,
release, conve c ~rm unto the MORTGAGEE, in succeuors and assigns, elt tnat certain lot, piep ot pucel of land, titwte, lyinp, u~d beinp in flr •
y ~ °`~ucie
Covniy of ' end State of Pbrid~, deuribsd n folfows:
Lot 20, Block 140~ PORT ST. LUCIE, SECTION 27, as recorded in Pla.t Book
14, Page 5, of the public records of St. Lucie County,Florida
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together w~th all and iingulsr the tenrments, hereditamenti and sppwtsnces thereunto belonpirg a in ~nywis~ appertaininp thereto, ~nd ~II rents, issues, ~
p?oceeds snd p~of~n acuuirg and to accrue from said premises, all of wFi~ch are included in the ~bove and foregoiny dewiption end hab~ndwn. ~
TO HAVE AND TO j101~ the above dewibed and grsnted premises unto ths said NWRTGAGEE, its s~aeswrs a~d auiyro forewr. Md tM saW
tf1 E 1 I
MORTGAGOR for Ixirs, executwa, administrarors ~~d atsign~, hereby coven~nn with the uid MORTGAGfE, its watason u~d asipra,
the~ are
that - tawiulty xitSd of the said premisjy Q1 r simple: that tM wm ar~ hN. clear ~nd dial~srQsd from ~II liens and e~c~
brances in law o~ in equity, and that hey wilf and =iI lxirs sh~dl wsnant aod defend th~ titl~ to ths saerM to tlr said ~
NIORTGAGEE, its svcce:so?s and assigns, forsver agaimt the lawful cl~ims and demands of all persons; {
PROVIDED, ALWAYS that if the MORTGAGOR shall pay ~nto the MORTGAGEE the promiuay not~ hereinbefore desaibsd and thall ttuly, promptlp j
and fully perfwm, d~uFNrge, execute, complete, comply with and abide by each and eve?y tht itipulations, ~y~eemenb, op~ditions u~d tovenu?b pf said ~ ~
promiasory note end of thit Mwtgage, t}~en this Mortgsge and the Es+ate hereby aeated shall ceass and be rwll a~d void. ~
IT IS UNDERSTOOD thst the wad "Mutgagor" whether in the singular a plwsl snywhKe in this Mortpape, shal) b~ sin~vlar if on~ only ~nd ~ ;
sF~sll be plural jointly and sevenlly if more then one, and that the word '9heir" ~s used snywhtre in this Morfyaye sh~ll be tsken M mean "hb.•• "Mn,•• ~
or "ib;' wherever the context w implies o~ admits. Alw, that whe~ever there is a reference in fhe covenanri and apreemenb herein opnf~inad to My of ~
the parties i~ercro. the same sFwll be construed to me~n as wetl a~ the heirs, kgal repre~e~tativq, wccesson ard assiprn (either voluntuy by act of th~ v ;
parties or involumary by operati«+ of the law) of the same and that the covens~b herein conuined shall bind and tM benefib and advantay~s inw~ ~ !
to Ihe respective he'vt, kgal represeMatives, iuccesson and au'gra of the p~rties hereto.
And said Mortg~ors, for themselves and tFroK F~ein, legal representatives, succeuon and auiy~s, hereby jointly ~nd wvu~lly cownam u~d aprK ~
to ~nd with the said MORTGAGEE, iq wccessors and suigm:
1. To pay all a~d tirgulu the principal and interest ~nd the variwt ~nd sundry wms of monsy p~Yable by virtve of iaid promissory not~, and this ~
mon9age, esch +nd wery, p~omptty on tlx dsys respectively the same sewrally become dw. ~q
2. To pay all ae~d ungula the uxcs. +ssessments, levies, liabilities, obligations and ~ncwnbrancp of ~very r?~twe and ick~d now p~ said daaib~d Gsp
property, o~ that hereaf~er may bs impo~cd, wffered, pl~ced, levied, o~ assessed thereon, w that here~fta may b~ Iwi~d o~ assest~d vpon thq Mortp.
ape, a tM ind~bredness secured hereby, esch and erery, wh~n due ~~d psyabk, auordiig to law, befat they becon~ delinquent, snd btfon My Mter~st ~
attaches a any penalty is incu?red; AND INSOfAR AS ANY 1HEREOi IS OF RKORD THE SAME SHALL BE PRON1aTlY SATISFIEO ANO DISCHARGEO Of
RECORD AtVO TME ORIGINAL OFfICIAt OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OfFIC1AltY ENDORSED
OR CERTIFIED) SHAII EE PLACED IN THE HANDS Of SAIO MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and the event thst u~y thereof a not i
pa~d, sat'sfied ~nd dixh~rged sa:d MORTGAGEE may at any time pay the same w any psrt theieof witlw~t w~ivirq o? affectinp ~ny option, lien, equity a ~
~~qht under w by virtue of this morrgage and the full artsount of each ar?d every such paymenf shall be immediately due a~d payabk and sh~li bear intNest
~~on~ ~h? daTC t~e•eo! ~nt~i pa"d ar rate of nine pe? centum per annum snd toyether with such interest shal! be setvred by the lien of th's morgtage.
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