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THIS INDENTURE. IWJ~ ths 2~th d~y of JVly A.D. 19
75 b~twNn
lGenneth R. Drew and Bvelva L. flrew~ his wife
~ St . iuc ie
ASSOCIATION OF FORT PIERCE, a ~t;p~~~~ F~~ ~Mt~d ~s tM "MORTGAGOR,'• ~nd fIRST FEDERAI SJ?VINGS AND IOAN
oorpor oroanis~d ud ~xu?inp uedM ~M I~w~ of tM Unit~d Suty of Am~~ica ~nd Mvlnp its principal pl~a of
buW~u in th~ City d For1 Pi~ra, St. lucN County. Ftaid~. F~ftw dNlpmNd a~ th~ "MORTGAGEE."
1NHERE/15 tM MORTGAGOR ta jw11y Md~bbd p th~ lNORTG/~GEE in th~ awn of = 25 ~ 2~. 00 ~ood snd I~wful money oi th~ U~ited
Sqta advanc~d by tM MORTGAGEE unto tM MORTCAyQR, .wWrQpd by ~ urtain promiawry ~?ot~ 01 ~v~n daN Mr~with, of which th~ idlowinp in
wads and fipwa it ~ trw coPY, towits
~ 2 S~ 200 . 00 1 S' 1,~ N„ 10021508
~ _ • • P~a, fb?~.. .ruly 28 19 ~5
Fa ~dw ~~eiwd. w+ a titlw of w, promiw to p~y,wvNhouf d~fdutan, to tM wder of FIRST FEDERAI SAVINGS ANp IOAN ASSOCIATION Of
iORT PIERCE at Fwt PiKp, fiorida, th~ swp of ~ 2 5 ~ 200. 00 with ietKast from date ~t tFr r~te of ~~f per anaum, in mo~thly irqtall-
mfnn as follows: ~ 223 .00 ~ t~ 20th ~y p~ NoV=e„mb@r 19~~ and ~ Iik~ awn on tM correspondinp day oi ~ach nwnth thHr
•ftt~ v~til tFN wlwb b~ fully p~id.
Each imt~llm~nt ~~st thall b~ +pplied in payment of th~ intaest u+d then on tM uopaid babnce of the p?inNpal sum. !f defayh y nwd~ in tM
p+ymeat of ~ny trntallmsnt when dw. and s~ch d~fauh continu~s 3p dayr„ th~n ~t the optian of thr holder. snd without any othx notice, stl the r~mairwrg
imtallmH?ri shall be due and p~yable ~t once. Privikp~ b yiven to prepaY thi~ not~ in wFwb or in part at ~ny tims wittwvt pen~lty. Neithe~ fw~bsu~noe,
nor acc~ptanu by th~ holder thereof aher ~ny d~fauh in ~nY p~ymenb hKeon, sh~ll b~ deaned extension. A la~e p+yment tha~ye of ~ 11.15 ~hall b~
added to each irutdlm~nt rNnaininp unp~;d 7 days ahK ils due dat~. ~nd a like sum shall bs added to each such inatallment r~mainirg unp~id 7 days aha
~ach succs~dl^p P+Ym~nt dat~.
' Each rt?~k~r, swNy e~d enda~ hKwf, ~ointly and stver~lly, waives dem~nd, pr~s~ntme~t p?otest ~nd notia of prottst for rw~payme~t, ~~d funMr
apraes w any ~xtension of tim~ of paym~nt, either b~fws w ~he~ maturiry, without not~ce to ~ny o( ur, ~nd to p~y all win of collaction, includirg a
ressonabls attwaey i fee in ths ~veM of any d~fauM herwnder, and hereby sewrally waives all benefi! of hwneste~d snd exemption ve~dK th~ corutinAion
and lav~n of e~ch Sate of tM UniMd Ststes, as s~inst this oblgatan w any extension or ~enew~l hereof.
~tness th~ Mnd and stal of esch party.
~ _ S/ Kenneth R. Drew ~U
(s~?U
S/ Evelyn L. Drew ~
, $37.80 St.r. Rwa,w
NOW, iHEREfORE, tM MORTGAGOR fw tM pwpos~ of ~ecurinp p~yment of wid s~rn of i 2 S~ 200. 00 y~ t~ p~~~
cov.n.na and apn.m.nn h.nin.ft.. expreued, and for dive?s ~ood and valwbl~ consideratiom, by th~s~ p?esents. does pr~nt, bupain, sell, remise,
relsaw, conwy and aonf'am unw tlw MORT6AGEE, ib wcasion and au;pm, a11 tMt cauln lof, piw ar paroel d land, sitwt~, lyirg, and b~inp in tM
~y ~ St . LUC1@ and Stat~ of Fbrid~, d~wiMd as fdlowr.
of _ ,ya~- - ~.~d=~o~
Lot 7 less the south 40 feet~ a11 /Lot 8~ andt~outh 20 feet of Lot 9, Block 60,
SAN LUCIE PLAZA SUBDIVISION, UNIT~ONE, as per plat thereof on file in
_Qlat Book S, page 57' of the public records of St . Lucie County, Florida
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wp~tl+N with all s~+d sinpulsr th~ tenereknts, herediqm~nq and appvrtances Hwrwmo (~lonpinp w in ~nywas ~pperqinGg thertio, and a1) r~nta, istws, #
poceeds +nd profib acauinp and to accrw from ssid premn~s, all of which u~ indudd in the abow and fwpoinp description and hsb~nd~m. '
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TO HAVE AND TO HOID the sbov~ described ar~d yranted premius unto th~ said MORTGAGEE, itf s~rcc~ssas and auig~u forsvN. Md th~ sald ;
MORTGAGOR for t he ir ex~~~ ~~atrators and a ~
ssi9~u, hereby tov~nants with the said MORiGAGEE, its wcceuas and sstipns, ~
th~t thev are IawFuly seized of tM wid pr~na~a in fe~ simple: that th~ saen~ ar~ frN, cl~ar a+d d'achsrped fran all Innt and ~ncun~ `s
brurc~s in law a in eq~ity, and tF?~+ t he v will and t he 1 Z hein shall warnnt and dtfeod tM titk to tM sam~ ro tM wW {
MORiGAGEE, its succeiwrs uw! u~ipr~s, fawN ayaimt t1r lawful clairta and dema~da of sll pNwro; _
PROVIDEO. /1LWAY5 that H the MORTGAGOR shall p~y unto the µpRTGAGEE the promissory not~ her~inb~fw~ describ~d and ahdl huly, promptlly ~
~nd fulh Perfwm: disdw~, exearte, compl~t~, oomply with and +bide by ~ach and w~ry ths stipulatiom. +p?eem~ob, caKlitian ~nd oovMwnts of said {
W~~Y not~ ~nd of this Mortpay~, tMn this Mortpaye ~nd tM Estab haeby afatad sMll c~a~ and b~ null snd void.
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IT IS UNDERSTOOD that the wwd "Mwtpapa" whether in tM ~inpulu ot plwal ~nywh~r~ in Nws Allortyape, shall bs sirgular if on~ only uid '
sh~ll b~ plwal jointly and s~vewlly if mor~ t!?~n on~, and tiut tM wwd "iF~ei?" as used ~nywh~n in th's Mort~ay~ sh~ll be taka~ to rtwan "hia," "i»n,'~ :
w'its." wherever tFK aontext w impliss or admi». Also, that wMreve? ther~ is a ref~reno~ in th~ cwen~nb ~nd ayr~sm~r~q h~rein oontsined to any o~~ ;
the pania hereto, tlw sartw sh~ll be construed to m~an ss well a the hein, lep~l ?p~~senbtives, succeuors and assiyns (either vduntary by ~c1 of N,.r.r~. +
partia or involuntary by opention of ths law) of tM same and tMt th. covenan» hersin conr•ined •1r~11 bind •nd bensfin .nd adrantap.s tnw~ :
to the rap~ctiw Min, Ipal repr~sentatives, sucuson u~d au~yr?s of th~ puties h~reta '
Md ~aid Mortp+pon, for thamselves and th~ir heirs, lepal r~pr~sent~tiws. ~uctesson and ~ysipr~s, her~by jofntly and swNdly covensnt and ~pr~t Q ~
b and with tM s~id MORTGAGEE, its s~rcceuo~s and assipru: a.
1. To pay all and sinpul~r th~ prindpal u~d intaest u~d th~ varian ~nd wndry sum~ of money paYabl~ by virtw of said promis~wy not~, and thi~
mortyap~, wth and fwry. WomPth on th~ days ?tspcttivety the sant ~v~nlly becane dw. ~
4. To p+y dl and sirgula tFw taxes, auesuneori. Iwies, li~bilities, oblg~tions and ~nn~+nbranas of every rwtun and kind now on uid dan~~t
W~b, a that Mr~aher m~Y b~ irnpo~~d, wHNad. P~+pd, levad, w sue~sed rherwn, a th~t hereahe~ msy bt Iwied or atses~d upa~ thfa More~_ ae
a~, or th~ M~dtbt~dr»ss s~cw~d h~reby, esch and svKy, wMn dw ~nd payabk. ~aord'ug ro law, before tMy bacane deli~qwro, ae~d b~fon any Y~M~`o° '
an~ch~s w any p~nalty i~ incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 6E PROMPitY SATISFIED AND DISCHARGEp dp~n
RKORD AN~ TNE ORIGINAI OFFICIAL DOCUMENT (SU~H AS, FOR INSTANCE, iHE TAX RKEIPT OR THE SATISFACTION PAPER OFFICIALLY ENOORSE~ i
OR CERTIFIED) SHALL 6E PLACED IN TME HANDS OF SAIO MORTGAGEE WITHIN TEN DAYS NEXi AFTER PAYMENT; and in tht event th~t eny thp~of is nor ~
paid. ~at'~fied ~nd disch~ryed sa;d MORiGAGEE msy ~t any time pay the same a any part thereof without wairiny a ~ffectirg any option, li~n, ptrifp p
~ipht vnde~ or by virt~e of this mortysye and tFw full amount of each snd every wch payment shafl be immedia~ely due and payabk and ihall be~r ints«st
~?om the date thereof until paid at rate of nint per centum per ~nnum and topether with wch intde~t shall be secvred by the lien of th's morgtsy~.
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