HomeMy WebLinkAbout1351 V~~~VV v
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THIS iNGENTURE. M+d~ t~ 28th daY of. .~{~~y~ • A.D. 19
75 b~tw~?
IGenneth R. Drew and Evelyn L. Drew. his Mife
~ St . LUCl@ ~~y Flaid~, hK~imh~r dNipmhd q tM "MORTGAGOR," and FIRST FE~ERAI SAVINGS ANp IOAN
I\SSOCIATION Of FORT PIERCE. • ao~par~tion oryu3~d u?d ~xi~tinp w~dK tM laws of tiw UniNd Sa~p of I1m~rk~ and havinp fta P~~~P+~ P~+p ~
bu~In.a In iM Gty of Fon Pt~ra. St. lud~ Cow?ty. florW~, Iw.irNfnr dNipnat.d as tM "MORTGAGEE."
WHEREAS tM 1NORTGA~pR M h~stb MORTGIIGEE in tM wm of = 25 ~ 200 . 00 ~nd lawfui ma+ey of th~ United
St~ta dvancwi by tM N1pItTGA(',EE unto th~ MORTrsAGOR,; a~ ~~{J~r~:l~r • cenaln pranissay na~ of ~wn date 1?srwvitl~ of wluch tM (dlowi~p ln
wordt and fipvrq b a frw coP~. bwit:
~ 25.200, 00 ~ ~ ~ , ~ ~ 10021507
P~..~.. JU ~y 28 19 7S
~O? ~~~w ~Ktiwd. vw a? ~ithK of u~. Praniw fo p~Y. withoW d~f~lcation, to th~ ordN of FIRST fE~ERAI SAVINCsS AND lal1N /ISSOCIATION Of
FORT PIERCE at Fort Pitrce. Fbrids„ tFw swn of ~ 25 ~ 200. 00 wiih interyt irom dat~ at the r~te of ~Z~ pe~ ~nnum, in monthly teutal4
rrNnts u follows, ; 223 . 00 p~ ~O~_ ~y ~ N~V@mb@! 19~~ ~nd ~ lilu sum on tM cwrespa~diop day of e+cl~ month tl~r
afta until the whof~ b~ tully paid. . .
Each installmsr?t R?at ~hall b~ ~ppli~d in p~y,nMt Of tM If1tllyf fMf1 on th~ unpaid bal~ooe of the princ~p~l sum. If def~uh a made tn tl+~
payment of aoy instd4nMt iniw~ dw, and wch d~h~lf aonGnws 3p dayti then ~t ths optan of tFr holder, and without any otha notice, all the r~nainu+p
Nuuum.nn •Full b. dw and p~yb1. a~ «w. Privilep~ k plv.n ro pr.paY ~hb nor. in whol. or i~ pah •r .ny rtm. wi~hour penalry. Pkitl+a for~ru+a,
~wr aa~ptana by th~ hoid~r thK~of sh~?-~ny d~huh in anY p~ym~nts hKeun, sh~ll b~ de~rmd extensioe. A late payment charpe of f 11• l~ tMll b~ i
added to each irotalMmr?t ?~maWnp uopaid 7 days aftK h~ dw dat~, and • lik~ sum sha~l be added to each wch irot~llm~nt remainirp vnpaid ~ days aftu
wd~ svcc~edinp Wymsnt dat~.
Each mak~?, wrety and ~ndorsM hKwf. ioL+t~Y and s~v~r~lly. waiv~s danand, pesentmx?t protest and notiu of prorsat for ranWYmsnt. ~nd fwthK
+Qrs~s b ~e~y ~xtsnsion of tNn~ of paymenL eitMr befae w aftK matwity, without notic~ to a~y of w; and to pay ~II costs of colleniay includ'ug •
reasonable ~ttorn~y i fs~ in tlw ~vent of any d~fauM h~reund~r, ~nd her~by severally waiv~s all benefit of homes~e+d and exemption under tM cantitution
and laws of each Stah of th~ Unit~d State~, a ~painat this oblpatbn or any e:tension a renewal hereof. .
Witmss tFr Iw~d and seal of e~ch puty.
S/ Kenneth R. Dzea ~
~ t5~?U
S/ Evelyn L. Drew ~
~ 537.80 ) Sta» Rfwnw ~W
NOW, THEREFORE, th~ MORTGAGOR fw tM pwpok of secvri^0 WY~nent of s+d sum of ~ 25 ~ 200 • 00 „ and tFw p~rformance of th~
cw~ius +nd +We~m~nts Mr~h~r ~:preued, and fw diwrs pood and valwble cauiderations, by th~u prpeny, does pr~nt, barpain, sell, rtmae,
telsas~, oonwY and ooni'wm unb tM MORTGAGEE. ih woc~sson and assip~s. sll that catain bt. Piep or paroel d land, situate. ~Yi^0. ~nd b~irg in tl+~
~~y ~ St . LL1C le aod Sta» of flwida, describ~d a foltows:
t e ~da - /3~~'
- Lot 6 lass t2e south 10 feet~ an~south 40 feet of I.ot 7, Block 60, SAN LUCIE
PLAZA SUBDIVISION, UNIT ONE, as per plat thereof on file in Plat Book 5,
. page 5~ of ,the public records of St. Lucie County, Florida
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~op~tMr with all and sinpulu th~ terneewms, her~d'itsmsnri a~d ~ppurtance~ tMrwnto b~lonyir~ a in ahrwis~ appertaininp tFwr6to, and ~II rents, itsws, ~
procseds and profits acauinp uid to aocrw from said pnmise~, all of whid~ an induded in th~ abov~ and fw~poirg dauiption ~nd h~bendwn. ~
TO HAVE AND TO HOlO tFN abow d~xriMd snd pru~ted prema~s unto th~ aaid MORTGACEE, its svooeaws and auipin forevar, Md th~ iald
MORTGAGOR for Lhel! hein. ~xecuton, adrninistrston u~d ~ssip% IKr~by oovena~ri with the said MORTGAGEE, Hs wasason a~d assipns,
rh.f thev are ~,~~~y ~d of th. ..w pr.~,iws in t«
simpl~s Nw th~ asrn~ u~ fr~, clwr and d'ncharp~d fran ~11 If~ns arw! ~
w~Y. Md tFw+_ t he Y witl and t he i Z hein shalt w~rt~nt ad d~fend th~ titb b t!a saen~ to th~ said ~
MORTGAGEE, its successon a~d ~ssg~n, fuwes apairot the bwfvl daims ~nd d~mands of all perawar
PROVIOED, ALWAYS th~t if the MORTCsAGOR sh~ll ~
p~y unfo ti» AhORTGAGEE the pranissory not~ her~inbefon d~wibed ~nd ~h+ll Mdy. P~+P~~Y
snd fulh P~rfom~. disd~ny~ ex~wtt, comPl~le, complr with ~~d sbid~ by each and ~wry th~ stipul~tioea. Wreanents, cor?ditioro ~nd o~va~+nb of said
a°f^'u°fY fOf~ ~d ~~~S Mor19+D~, tMn this AAI1~orep+p~ +~d tM btatt henby awt~d ah~ll ce~H and be null Md void. '
IT IS UNpERSTOOD that the wad "Morty~or" M,lwtha in the sirgulu or plwal anywh~n in this Nlorty~pe, shall bs sinyulw if on~ ooly ued ,
•Fwll b~ plwd jointly ~nd twaally H mor~ tlwn or», and that tM word "tF~eir" as ~ud anywhen in this Mortyap~ shall b~ taken ro rn~an "hi~," •'hen,~~ `
a? "ita." wherwer tM wmact w&nplies or admhs. Abo, thst wh~rwe~ there b a nfe?~noe in tM cov~nann ~nd preemeoy herein cont~iewd to any o~~ ?
the pwti~s hsr~to, tM s~me sMll b~ corotrued ro mean as well u th~ hein, bpd nprasN+tativea, wcceuws ued aasipro (either voluntary by ad of t1~+~ i
P+rties e? involumary by op~?ation of the Inw) of tM sarn~ and that tM cov~nants herein oontained shall bind ~nd th~ benefi» snd sdvsntapq irwr~~ '
ro tM resp~ctiv~ h~in, Ipal r~presentatiwa, wcuuors and ass:9~a of th~ parti~s hereto.
Md taid Matpapon, for th~ms~lws and their FKirs„ I r c.W~ ;
bp+ p~asntativ~s, wassson a~d ~uipia, hereby jointly and ~v~rally covNwM and apr~t ~ i
to and with tfw s~id MORTGAGEE, its sua.~uors Md as~ipns:
1. To pay all and sinpvlar th~ princip~l ~nd inta~st +nd th~ variovs ~nd sw~dry sums of :
morty+D~, e+ch ~nd ys apedivtty tM um~ wv~r~lly b~cane due. ~Y WYaW~ by vi?tv~ of iaid promissory not~, ~nd thiw.~ !
•~Y. P~~P~~Y on the da r ~
4. To p~y dl ~nd si~gvlr tht taa~s, eassunenb, bvi~s. IiabilHiws, obliyations a+d ~ncumb~uioet of every rntur~ ~nd kind now on sai~ d~wib~~t ~
P~~~Y, a that hN~~ft~r m+Y b~ iniw~d. aufhnd. pt+ad, Iwied, or awswd tl~~on, a that Iwre~fter nuy t» Iwied a aswssed upa~ tN~ Y
.p~, or th~ indebt~dn~ss ~earr~d harebY. ~ad~ ~nd evKy, wMe~ dw ~nd piy~bfe, aooordinp fo tsw, b~fore tMy b«om~ d~linqwnt, ~nd b~iw~ arnr fm~a`o ~
+„K~S p MY WM~h is int~rr~d; ANO INSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHAtI dE PROAMTIY SATISFIED AND DISCHARGfO OP~~d'
RKORD ANO THE ORIGINAI OFfIC1Al DOCUMEM (SIKH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISFACTION. PAPER OFFICIAIIY EHOORSED
OR CERTIFIED) SHAIL 6E Pl/?CEO IN THE HANDS OF SAID MORTGAGEE WITMIN TEN DAYS NEXT AFiER PAYMENT; and ~ the w~nt that ~tnr thN~of I~ np1
paid, s~t:sfid and disct~aryed satd MORTGAGEE may at any t~me psy the s+mc or ~ny p~rt thereof without w~iviny w affectinp aMr option, lien, equity w
•ipht vnd~r w by virtue of thii mortp~ and the fvll ~mount of eath and every such p~yment shall be immediately due and payabk and shall ben intp~st ~
~•om r}~ d~te thereof v~til paid ~t rate of nine per centvm per annum and together w~th such inte~est shall be secwed by the lien of th:s mwQtape. '
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