HomeMy WebLinkAbout1954 CORRFCTI VE MORTGAG~' 314604 ~
THIS INOENTURE. M+d~ tMe l~~h dsy of 'TU1~ AA. 19??. betweao ;
_ Don Hooven: Jr. and Mildred P. Hooven, his Wife ~
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of `St• I'uCie Co~nty flotida, he~einaft~r dtsynated as Ihe "MORTGAGOR," and FIRST FE~ERAL SAVINGS AND IOAN
ASSOCIATION OF fORi PIERCE, a corpur~tion wy~niud ~nd exii~inp ~ndN 1M faws of tM United St~qs of Am~rk~ ~~d Mvinp iri princlpal plac~ of
bus~n~ss i~ ~i» City of Fort PiKCS, St, lucie Covnty, florid+, hereinaft~? designsted as tM "M RTGAGEE." '
1 Q0~ 0~ ~
WHEREAS tM MORTGAGOR is jvstly ir+dtbted to ths MORTGAGEE in the sum of 5--- yood and lawful money of the United !
S~ates adva~ced by the VIORTGAGEE unto the MORTGAGOR, as evidenced by a certain p~cmisswy note of eve~ date her~with, of which tl» iollowinp in
v.oids aod figuros is a trus copy, lo-wit:
; l~l ~~Q . No 1 Q~00
farf Pixc~, Florida, JU~'9 l~ 19
For val~e received, 1, we w either of us, pro ~se to pay, w~thout defalcarion, to the orde? of FtRST FE~ERAI SQAVINGS APiD IOAN ASSOCIATION Of
f c~RT PIERCE at for! P~erce, fiorida, the sum of =1~}, ~ QO wnh imerest t~om date at the rete of v% pN annum. ~n monthly instal{- ,
r.+s as iui!owa: S-1~~ on the _20t`8ay of . AUQU3 t ~9~~ and a like sum on the corresponcl~ng day of ~~ch month the.e- ~
airer until the who~e be fufly paid. '
Each installment fi~st shall bs appl~ed in payment of the i~terest and then on ihe unpaid bslante o! the princ+psl wm: If defsulf b mad~ in ths
; a f inent of any insta:lment when due, a~x! sucR defauh cont~nues 30 days, then at the op~ion of the holde~, and without sny other eotice, all the remaining
~~,stallments ahal~ be due and payabie at once_ Privilege is given ro prepay th~s no~e in whole w in part at ~ny firrie without penatty. Neither iotebsarancs,
nor acceptance by the ho'der thereof after any deFavlt in any payments hcreon; shall be deemed extension. A lafe p~ymenf thuge of s~-~, tMll be ~
.,~i~ed to eech inarall,nent remaining unpaid 7 days after its due date, and • like sum snall be addrd to each such installmN?t remainirg unpsid 7 days after .
each succeeding payment date. ;
Ea~h maker, surety and endorser hertof, jointly and severally, waives de~nand, presentment protat and notice of p?otest fw ~onpayment, ~nd furthe?
agrees to any exrension of time of payme~t, either before or after maturity, without notice to any of us; and to pay all costs of collection, includinp a :
re~sonabte a~ewney's fee in the event oF any defa~lt he~eunder, and he?eby seve.ally waives all benefit of homestead ~nd eaemption under the ca+stifutan !
~•:d laws of each State c+( the United Sta~es, as against this obligation w any extension w renewal hereof.
W~tness the hand and aest of each party. ` i; i i
~e~,~ . . c~~?u
a~n~o U1 N111Mqf~ pf TI~' s/Don Hooven, Jr. ~?u
~)f QN GA9t'C IpTA!l61elE rER80t~A1 PROPER(Y. ~ (5EI?u
Nur~T ~o ~n• ~ oF ~97~. s ildred P. Hooven ~
;~„nQrR,xeNed•ar~,+g~,~~WC t~NOYR QOIIRf~ ~ IYC~ d0~, AJ6
NOW, THEREFORE, the MORTGAGOR fw the purpose of securing payme~t of sa7d sum of S l4 ~ 00~' Q~ . ~nd ihe performsace of ths ~
co~enants and agreement~ hereina(ter expressed, and for d~vers good and vslwble considerations, by these presents, does grant, bsrpain, utl, remise, '
r_IHase, convey and confirm unto the M.7RTGAGEE, its succeuors and sssigns, all that cert~in lot, piect w parcel of I~nd, situste, lyinp, and bein~ in ths
Couny of St. Lueie « , and State of Pbrida, desaibed a~ followt: -
All of Lot lb in Rlock 72 of R~LTMOR~' pARK, as in plat 4 at page 52 of 3
the St. LuciF County, Florida, Public Records and also beginning at the ~
North corner of Lot 17 in Block 72 aforesaid, thFnce run Southeasterly on
tr.e Northeast line of said Lot 17 for 50 fPet, thence run Southwesterl~
100 feet to the Southwest line of Lot 13, in Block 72 aforesaid, thence
run Northwesterly on the Southwest line of said Lot 18 for 50 feet to
Southeast line of said Lot 16, thence run Northwesterly 100 feet to
?oint of beginning. Also being described as the Northwesterly 50 feet
of Lots 17 and ls of~ the aforesaid Block 72.
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j This is a corrective mortqage designed to correct an erroneous legal
; description ai,pearing in that certain mortga~;e of even date herewith }
' recorded O.P. Pook 21~2, uage 933, of the nublic records of St. Lucie
E C~unty, Florida, and upon which intangible tax has been naid as ~
~ evidenced by recei~t No. 04201l~.
i By agreement of Mortgagor and Mortgagee on file ~tith '
~ Mortgagee, the vithin mortgage secures not on~r an
existing indebtedness, but also-ADVANCE.S to be HERE- ~
~ AFTER made by Mortgagor to Mortgagee, the aggregate :
~ of Which Will equal the principal amount specified `
~ in the promissory note secured heretry. !
~ rcyether wirh all and aingular the tenements, hered~taments and •ppurtances the?evnto belonging or in anywiie ~ppertainirg fherefo, and ~0 tents, iuws,
a ~r«eeds and profits xcruing a~d to accrue from said premises, ali of which are intluded in tFw above ~nd forepoirg dewiptian ~nd habendum.
TO HAVE AND T~Ot, HOLD the above described arsd granted premises unto the aid MORTGAGEE, its s~xtessora aod auig~u forav~r. Md th~ said
:40RTGAGOR for -~aae~r heirs, executws, administratws and assigns, hereby ooverunb with the said MORTGAGEE, its sixc~ewn and assipm,
+nat the~ar6 _ Iawfuliy se~zed of the said premises in fee simple; that the same ~re fra~, clear u~d disch~tyed from ~II liens and a+cum-
~.a~ces in law or in equity, and rhat th~_ wili and their hein shall warrsnt u~d defend the title to the sarrN to ths said
~ ~•.ORTGAGEE, its succeuws and assigns, forever against the lawful claims end dcmands of ~II pertwu;
~ PROVIDED, AtWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiuoty note hereinbefore destribed snd shal) trvly, promptly
" d full~ perform, d~xharge, execute, complete, comply with and abide by exh and every the stipvlstions, agreemenb, conditiau and covenanb of said
~ crom~ssory note and of this Mortgsge, then this Mortgage and the Estate hereby uested tMll ceass and be nuU ~nd void. o~
~ IT {S UNDERSTOdD tMt the wwd "Ahortgsgor" whether in the •ingular or plur~l snywhere in this Mortyage, sMll be sin~ular if a+e only and~~
a sha!~ be plu.al jointly end severaly if mwe than one, and that the wad "their" ss used anywhe~~ in this Matyape sh~ll be taken to mean "his," "I~ea;'~
~ or "its," wherever the conteat w implies o? sdmits. Alw, that wherever there is a ~eference in the covenann snd ayreements herein cw~t~ined to any of
rhe parties hereto, the same ~hail be cautrued to mean as well as the heirs, legal rtpresent~tives, successors ~nd ~ssigro (eitF~ voluMUy by ~ct of ths~
~ partiet or involuntary by operation of the Isw) of the s~me and that the covenants hNein contained shsll bind and the benefits ~~d advantapes inun
+o the reipective hein, kgal representatives, successors and su°ynt of tM parties hereto.
~ And said Matg~gor~, fa themselves and the~r hein, legsl represenutives, successon snd assiyra, hersby jantly and ssverally coven+nt u?d asre~c~
ro and with fhe said MORiGAGEE, its successors and ~uigm:
To pay ~II ~nd singulsr the printipal snd interest and the vsriovs ~nd sundry sums of money payable by virtw of ssid promiuory nott, and t'~
~ morigags, eacl? snd every, promptly on the days ~espect'rvely the same sev~nlly become due.
~ 2. To p~y all and ~;ng~lar the tsxes, auessments, levies, liabilifin, obliyations ~nd erKUmbrances of every n+ture and kind rww on said dew~
r property, or that heresfter m+y bt imposed, suffered, placed, kvied, or ~ssessed thereon, w that heteafter mar M levied w~sesud ~pon tF~is Allort¢
age, a the indebted~eu secured he~eby, e~ch and every, when due and psysble, accordin~ to I~w, befare they become d~linquent, ~nd b~fon any intaest
arraches or any penalty is incurred; AND INSOFAR AS ANY THEREOf IS Of RKOR~ THE SAME SHAII 8E PROMPiLY SATISf1ED AND ~lSCHARGED OF
RECOR~ AND THE ORIGINAL OFfICIAI DOCUMENT (SIKH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OfFIG1ALtY ENDORSED
CR CERTIfIED) SHAtt BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in the event thaf any fhereof is rwt
~ pa~d, sa~~sfied ~nd dixharged sa:d MORTGAGEE may at any rime pay the same p sny paA thertof withouf waivinp or affectiny arry option, lien, eq~ity or
~ •~qht under or by virtue of this mortgage and the full amo~nt of esth ~nd every such payment thall be immediately due and payabk and shall bear interest
~ ~,oT ~he dare thoreof vm~! Fa d a+ rate of nine per centum per annum and together with such ioterest shall be secured,by the lien of th s morgtage. `
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