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THIS INGENTURE, Mad~ t~ 28th ~Y ~ .~L11y A.O. 19_75 , b~twNn
IGenneth It. Drew and Bve lyn L. Drew, his wile
~ SL . LLiCl@ ~~y~~ ~~ry~ ~~~MpRTGAGOR," and FIRST fEDERAI SAVINGS ANp IOAN
ASSOCIATION Of FORT PIERCE. ~ aaporation orp~d and ~xbtinp w+dM tM I~ws of ~M Uniud Su~a of MN~iu and Mvinp in princlpal ptau of
bw4~s b tIM Ury of Fwt PiKU. St. lvd~ Couety. fbrW+. I~~h~r dNipn~t~d a tM "MORTW?GEE."
WHEREAS tM MORTGAGOR i~ ~ttly ted~W~d w th~ MORTGAGEE in ths sum of i 30 • 000. DO , y~~ and lawful mawy of tM Unihd >tt
Stata advanc~d by th~ MORIGAGEE uNO th~ MORTGAGOR, ~s ~vid~nc~d by a cKtain promiuory notr of ~w~ d~t~ heiwvith, of whick tt?~ followinp in t
wwd~ aod fipwN h a hw coPY. fo-wit: c i I• ~ i
= 30, 000. 00 ` ~ ' ' N,10021505 ;
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~ Fo.t Pi~ro.. r~lww+. July 28 19 75
Fa valu~ r~iwd, 1, vw w aitM~ of w, promis~ ro p~y, witho~t d~f~ic~tion, to ti+~ o~dsr of FIRST FEOERAL SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE at Fwt Piao~, Fiwida, th~ wm of ~ 30s000. 00 w;th in~~ra~ from date st tM rat~ of 8• 7ft p~r ~nnum, in nanthy &au14
~+.nn .s fdiows: t Z66. 00 20th ~y pf November ~9 75 and ~ lib sum on tM corr~spoodinp day of ~ach month tMr~-
,fr~r until ~h~ wFwl~ b~ fviy p~id. . _ .
E~th i~taliment fint sl+all bt appti~d ~in paym~nt of tM intKest a+d thM on tM unpaid balance of the principal swn. If d~fauit b na~ in tM
paym~+?t of ~ny init~llment wMn dw, ~nd such d~fwh oonti~ws 30 d~ys, then at tM option of ths holder, and wAFwut ~~y otMr notice, all the ram~G+inp }
~?ai4nenrs shall bs due and ~syabk ar a,u. vrivilep. b~~v.e ro a.p~y iha noh ~n whol. o~ pan •r .ny rim. w~rl,ow pen.iry. Neither foreb~arana, ~
nor ~ayptaec~ by tM hoW~? tlwreof •Rer ~ny dsf~~lr in .nY payn,.nn herwn, sh~ll b~ deemed ~arension. A latd payment charps of ls
3•
3Qahall b~
~ddsd ro sach imtallment ramaininp unpaid 7 days afta its dw d~t~, and a I~ks sum ~Mil be addad to each such ie?i~ailment r~maininp unpsid 7 days ~fhr
~ ~ WYm~nt d~». ~
Each msker. swNy and ~ndaar ha~of. iointh and rever~lly, waives demand. 3
pr~sentment protKt snd notio~ of protest for nonpayment, and furtha
a~~es to ~ny ~xt~ntion of tim~ of paym~nt, eitF~ befo~e a sha matwity, without notiu to any of ut; and to pay ~II cos~s of oolleclion, inciw!'ag ~
r~~w~bk attoroey's fe~ in the wsnt of any def~uh herwnder, ~e~d Mreby iev~rally waives al! benefit of homestead and exemption ve~der tl» constitution
and laws of each State of tF» United States, as a~aimst thb oblipation a any extn?sion a renewsl hereof.
vr'~" ~M t~.~a'„d'°'i o~ P'.er. S/ Kenneth R. Drew
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- S/ Eve lyn L. Drew ~
t 545.00 ~ srm R~w+we ~
tVOw. THErtEiiortE, th. N1oRTCsI?cort ta tl+. pu.po~. of .ecwina wr~+eot of s.td swn of s 30, 000. 00 ..nd N+e p~?rom+.nc. of th.
oov~n~nes and ~Nrnenb har~inaher ~xpressed. ~nd fa d+veri yood ~nd valwbl~ co~nid~.stiau, by th~se preser+ts, does pnnt, b~rpain, ~ell, nmis~,
r~le+s~ conwy and oonfirm uaw tl~ MORTGAGEE, Hs s~oceswn «+d assipns, all tMt ce~tak~ lo~, pi~c~ or paral of laod, situat~, lyinp, and b~irg in th~
~M ~ St . LLC1@ u~d Sat~ of florid~, J~cribsd ~s fdlows:
_ . ~yag- .,oa _
Nozth 75 feet of Lots 1 and 2, and north 75.feet of west 26.4 feet of Lot
3~ and Lot 31 ]ess t,~ta north 45 feet, Block 59, SAN LUCIE PLAZA SUBDIVISION,
UNI? ONE, as per Plat thereof on file in Plat Book 5, page 5~ of the
public zecords of St. Lucie County, Rlorida.
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top~tha with all snd sinpulu tlk t~nts, he~~dit~rnants u~d ~p~wrt~nces t1»rwnto b~lw~yinp or in anywa~ appertain'u+p therew, and all ne?ts, issu~b ~
procMds and profits ~cnuin~ and to accrw from ~aid pnmises, all of which are indud~d in th~ abov~ and fwpoinp d~saiption ~nd Mb~ndwn. ;
TO HAYE AN~ TO HOLD th~ abow dexribed snd pr~nbd pemises unro tM uid MORTGAGEE, its wcceswrs and auipns forw~r. Md th~ t~Id ~
their
MORT G~DR for hein. ~xscuton. ~dminatr~ton and ~ui~s, herebY oovensnb with th~ said AI~ORTGAGEE, its wochwn ~nd ~ssipr, i
m
t ey are ~
thn lawfuly s~ he the saW premisu in fK sLr~pfet rhat the s+m~ an frN, clear u+d d'ach~r~ed hom all IfKr and ~ncu+o- ~
br~nas in law a ln equity, and tha~ y will and t p heirs sh~ll wu~ant and dtfend tlw titk b tM tam~ to th~ ~aid
MORTGAGEE, iri sucuuws u~d assipm, fwever ~irot tFN bwfvl claims and dunse~ds of sl! penonss
PROVIDED, ALWAYS thst if the MORTGAGOR sh~ll pay unto the AAORTGAGEE tM p~omiuoty not~ h~?e'~r?befot~ d~wib~d ~nd ahafl tn?ly, prompHy
a~d fv~ly periwm, disch~rp~, e:ea,te, compiN~, canpy with and abid~ by each and w~ry tM stipulations, ayneR~snts, cond"dioru and aorrnanb of s+id
promiswry not~ and of this Mwt9~ye, t}ien this Mortya~ u~d tM &tate h~reby veated sh+ll «ase u~d b~ n~ll and void.
~r Is uWOERSTOOD rl»t ?hs word °M«r~spor' wh.N,.r tn ?he sinpvla? « plw•I .nywhe?• tn tha Morty.pe, sh.11 be sinyul.. ff«+e only «~dO
sh~ll be plw~l jointly ~nd ~wer~lly if mon th~n ont, and th~t tM word "their' a us~d snywlnr~ in this Mon~ ah~ll be takM to rn~an •'hi~," "h~n,,••y^
a'ih." whe~ws~ the context w implies o? admin. Also, that wherever there is ~ refaence in tM coven~nn and apnemenn M?~in oont~tn~d to a+y of~+ ?
the p~rti~s hereto, t!w wm shall b~ construed ro me~n a well u th~ hein, I~pal r~pres~ntatiws, waesfws aod ssiiyoa (~ither voluntary by act of tl~,
putia w involuntary by operation of th~ bw) of the sam~ and that the covanams herein cont~ined shall bind and the benefits snd ~dv+maQa !
ro th~ r~sp~cthn Min. Ipal npraentatiws, wa~son and au~ro of th~ pWfiss Mreto. ~T~ ~
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Md said Morty~pors, fa t}~ena~lws and thsk Min. Ipal nprssentatiws, auoauas ~nd ~uipns, hereby iantly and wvKally cov~n~nt a+d aprN ~ ~
a and wirh th. aaid MORTGAGEE, in svaesson .nd auigro:
1. To pay all and sinp~la tFw principsl and intKest ~nd tht varioua and wndry sums of mon~y psYable by virtw of ~id promiuay not~, and ~ *
mo.ry.p.. ..ch «,e .w.y, a~w+h an N+. days r.sp.aiv.tr rhs s.m. .ewn~~y baca+» dw. F
2. To pay all and ~irgular the taxa, aswsune~ts, twie~, liabiliti~s, oblig~tiau and ~ncumbranas of eve~y n~tw~ and kind now on s+id dav~d' ~
prop~rty, a that hKUfte~ may b~ inpos~d, wffa~d. P~+c~d. Iwi~d, a ~wss~d th~noe, a thaf hereafter m~y lev;ed a auess~d upon M~M Morpsco ?
pe, a th~ ind~bqMsu sawrd Mr~by. ~+ch ~nd wery, wlwn dw ~nd piyaW~. ~ccordinp to trw, befon tMy b~co~n~ ddinq~eM, and be(we ~n~r hNr~j m ~
att~ches w a~y pemtty is intwred; AND INSOFAR AS ANY THEREOF IS OF RKORQ TME SAME SWtU BE PROMPTIY SATISf1Ep AND DISCHARGED Of Y
RECORD AND THE ORIGINAL OFFICIAL DOCWMENT (Sl1CN A5, fOR INSTAMCE, THE 7AX RKEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSED
OR CERTIFIED) SF1Atl bE PLACED IN THE HANDS Of SAIO MORTG/1GEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the ~wm that any 1Mr~of b eot ~
paid, sat:sfi~d a~d dixharyed s+:d MORTGAGEE may at-an~ timt pay the ssmt a~ny pan thereoF witho~t waiving o~ ~ffectiny u+y optan, lien, puiry p ~
•tpht u~der or by v'wtue of this mo~ty~ye and the full smovnt of each arxl every svch payment shall be irm~ediately d~e and payabk a~d sh~ll bear int~rat
~rom rhe dns thereof vntil p~id at rate of nine per centum per ~nnum and royether w7tF~ such intaest ihall b~ secured by tM lien of th:s morytape.
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