HomeMy WebLinkAbout1653 , : . : 314365
THIS INOENTURE, Mad~ th~ 1SL ~y of I~UyUSt ~ q,p, ~q
75
_~twNn
S. K. Smith and Jerolyn S~nith~ his ~rife
of S~ . L.1dC1@ ~p~~y Flaid~, MrtinaftK d~sipnN~d n tM "MORTGAGOR," ~nd fIRST FEDERAI SAVIMGS ANO tOAN
ASSOCIATION OF fORT PiERCE, • o~orpa~tan orpani:~d and ~xistirp vndK tM lawt of th~ U't~d af Mwriu and h+vinp iq priocipal pl~c~ of '
busiMSS in tl» Gty d Fort Pi~ra. St. l~+ci~ Cow+ty. FIorW~. Mr~ftw datpnaad a tM " a;~~t~ ~ - ~
W.
WHEREAS tM MORTGAGOR b iwtly G+d~bt~d to th~ MORTGAGEE in th~ wm of ~ 0 sood ~nd lawfvl mon~y of tM U~ited
S+at~s advanc~d by tM MORTGAGEE unto tM MORTGAGOR, as ~vid~nced by • cat~in noN ~wn'dat~ Mr~wi~h, of wl~ich tM tollowinp in
wad~ ~nd fipwp b• trw topy, tawlt:
w . ~
= 40~000.00 ~ ~ 10021519 S
' Fwt Plao~. flaida, AUgt1St l, 1975 °
fo? valw receiwd, 1, vw a eitM~ of w, promiss ro pay, withovf dtfaltatiay to the p~d~~ of FIRST FEOERAL SAVINGS AND LOAN ASSOCIATION OF ~
FORT PIERCE al Fort Pi~rce, Fbrida, ths sum of = 40,~~~•0O with intasst hom dat~ at 11+~ rate of iSX~ per ~MUm. in mor?thty insull-
me~n ss fouoWS: = 330. 00 ~ t~ 20Lh ~y af September 19 75 and a lik~ sum on tFw cwreipondinp day of esch moroh fherr
after vn:il tl» whol~ b~ fvlly paid. ~
E~ch installmtnt first shall b~ applied in piym~nt of tht interest and then on tM unpaid b~l~nce of the principal tum. If defaul~ is m~de in tM
paYmast of ~ny imbllment when due. and iuch cl~fauit continws 30 d~ys then ~t the opian of tFw ho'~de~. and without ~ny other ~notice. all the nmainMp ,
installm~nri sh+ll ba dw and p~yabl~ at orxy. Privilep~ is pivM to pr~pSY thq noN in whole a in paH st ~ny tima witho~t penalty. Neitha~ forebea~~p. ~
rwr acc~pbnce by 1M holder thereof ~fter ~ny defwlt tn any p~ymeMS hereon, sfiall be deemed extensior+. A late payment ch+rye of : 16 . S~iMll be
edded ro euh instalfinent ranaininp ~np~id 7 day~ ~htr iq dw dats, and • lilce ium ~hall be added to each such ir?stallmeM remainirg unpaid 7 daya aftx i~
each svccaed'+np paYma+t date. f
E+ch m~kN, surdy and endoner Mr~of, jointty and uver~lly, waives demancl, presentment protest ~nd ~otict of p~otest fw na?paym~++t, and funMr
agrees ro any extensan of time of paymant, eitl~er befwe p aft~r maturity, without notice to sny of us; sod to pay +11 costs of collactan, incl~di~y a
reasonabb ~nwney's fae in the event of any dehult h~reund~r, snd Mreby sevewlly waives all benefit of homestead and exemption under tFa constitution
and laws of e~ch State of tM United States, as aQainil this obligation or any extansion or renewal heraof.
Witnesi th~ hand u~d seal of ~xh psrty.
(SEAU
S/ S. K. Smlth ~wq ~
ero yn mit ~
~ j60.00 a st+n a.wnw ~
x
NO',N, THEREFORE, tM NiORTGAGOR for tM pwpose of ~eturirg p~yment of ~aid sum of s 40 ~ 000. 00 ~ the perform.nce of tM
covenanb and spr~emenb Mreinafter expressed, and fa divers ~ood u+d valwble conside~atioru, by these prosents. does prant, barysin, sell, remise,
release, oonwy ~nd ca~f'um unfo the MORTGAGEE, ib wcceswrs and ~ssi~ns, all tF?~t certain loi, pieu a putel of land, situat~, lyinp, ~nd beinp in tM
~~~y ~ SL . LLiCle , u?d State of Fbrida, d~wib~d ~s folbws: - -
/~.~3°7O/- ~`/~~-~00 ~
Lots 1 and 2, Block PARADISE PARK, as per plat thereof on file in
Plat Book 8, page 17 of the public records of St. Lucie `'ounty, Florida. ~
By agreemsnt of Mortgagor and Mortgagee on file xith ~
Mortgagee, the xithin mortgage secures not only an
existing indebte~ess, but also ADVANCFS to be HERE- .
~
AFTER made by Mortgagor to Mortgagee, the aggregate _
of which Will equal the principal amount specified
; " in the promissory note secured hereby.
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~ toyatFw~ with all and iu~puta~ tfie tanan~ts, hereditsments ~nd appwt~nces the~eunw belon~irg a in snywise appert~ininp ther~to, and sll nn», iuues,
procs~ds and profin aarving ~nd to ucrue from ssid premiu~, all of which ue induded in the ~bo~ve and forepoi~g desoription and MMndum.
~ TO HAVE AND TO HOW tM ~bow desaibed snd gr~nted premis~s unto tM ssid IVIORTGAGEE, ib wccesson snd usipra forew~. Md th~ said
MORTGAGOR fa t he i r ex~~, ~~nistrators and ~uigra, hereby covenann witF? ths ssid MORTGAGEE, its ~uccessors u~d assiy%
e
~ hev are !
rhat ~ lawfully seized of tM s+id preena~s in fes sirnpl~; that th~ ume a~ fr~e, d~u and di~cMr~ed from a!f IE~rn ~nd ~narnr
hein snall warrant and defend ths titb to ti~ s~rr» ro tlw s~id
Q b~.nus in ~.w o. in .4uitr. ,nd th.t t he v win ~na ~ t he i r -
~ MORTGAGEE, ib :ucceuws snd ~ssipro, fwewr apaimt the lawful d~irm ~nd dem~nds of all persanj 3
~ PROVIDED, AlWAYS rhar tf ~he MORTGAGOR shall pay unro ~M MORTGAGEE rh~ prom~uay rat. IIlf~iflbOfO?f dliC/i~d M1d iINII ttUly, promp~lr ;
and fully perform, diu~ry~. ex~wt~, oompkt~. canply with ~nd ab~ds by ~+ch and wery the stipubYrons, prsemenb, conditioes and oovManb of said j
~ p~om~ssory rat~ and of tha Morty~pe, then this Matyape and tM Esqte hsr~by aated shsll ceas~ u~d b~ null and void. i
1T IS UNDERSTOOD that th~ word "Mortyapor' whsther in tM sirgular ot plural anywhtn in this Mort9~pe, sh~ll b~ sinyulu if one only and
~ shslt be plvr~l jointly and sevewlly if ma~ than on~, and that the wwd "their" as used anywhero in tF?is Mortyp~ shsll be t~k~n to rn~an •'I+is,•••'h~n;• ~
~ or "ifs," wherwet the cw~teat w impliss p ~dmin. Also, that wherever there a a nfaence in the coven~nb and ap~~ert~en» herein oonta'und to am of ~
~ rhe p~nies hereto, the s~me shall b~ cautrued to mean as wdl as the I~ein, 1e9~1 r~praentativss, suueuors and assipro (~ithsr vol~ntary by act of th~
parties w irivoluntuy by operation of the bw) oi tl~e same and tMt th~ covenants her~in contained shall bind and rhe ben~fin snd dvanr.pes &arn ~
~ to tht r~specliw h~in. lepal representatives, wu~s~wa and au~ns of the p~rti~s her~to. ~
~ Md ~aid Atiorepspors, for tMmselves and thaK hein, 1e9a1 r~presentitives, suaessws u~d assipns, hereby joiotly a~d sw~ratly coveNnt ~~d prK~ ~
~ so a~d with th~ ~aid MORTGACsEE, itt s~ccssson and assiyro:
~ 1. to pay ~II and sirguta tMt principal ~nd interest and the wraus ~nd sundry ~vmt of able virtw of said omi ~ ~
~Y WY t?Y P~ ~Y not~, and tlda
~ morty~e. ~+ch u~d way, prornptiy oe~ tFw days rapcetiv~ly tM same ~wrslly becortr dve.
2. To p~y dl ad sirgvlu N+~ taxes. ~ss~sunents. Iwies, liabiliti~s, oblig~tioro snd eecumbr~oc~s of svery natw~ and kied now on said dasnib~d ~
Y P~~~Y, or tMt txr~aft~r may be impos~d, svffred. P~+ced, levied, w awssed thereon, a that hereaher msy b~. levied a ase~sed vpa~ this MatQ~~
~ aQ~• a tFN t~d~btadness sacwsd F~ertby, tach ~nd ~wry, wMn dw and payabb, aaordirg to law, befwe they becorn~ d~linqwnt, and befon ury im~r~s~
~ attathes p aMr penslty is inax~ed; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHALL ~E PROMPTLY SATISfIED AND DISCHARGED OF ~e
RE~ORO AND THE ORIGINAL OFFICIAL DOCUMENT (SIKH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SAi1SfAC110N PMER OffICIAIIY ENDORSEO~p
~ OR CERIIFIED) SMAII SE PLACED IN TNE MANDS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AfTER PAYMENT; ~nd in tl+~ ewr?t that uiy N~aeof is no1~a0
paid, sat'sfied and dixhar9ed ss:d NIORTGAGEE may at any time pay the iame a any part tlKreof witho~t waivirq w+ffeairg any option, lita, eqvity. or ~
•~qht under w by virttre of tha mo~t9~ge and tFu full smount of e~ch end every such payment shsll be immediatety d~e a~d payablt ~nd shall btar intertst
~ t.om the d~le thereof until paid at rate of nine per centum per annum ~nd toyether w7th such interest shatl be secwed by the lien of th"s morgtage. -
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