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HomeMy WebLinkAbout0151 THIS It~ENTURE. Mad~ G 1 S T ~y ~ u u s i , A.p. 19 7 5 _ b~twMn Richard R. JenninAS and~~ nstanc ) Je~ninqs his wite ~ ~ SL. LUC1@ ~~r fbrid~, Mnin~fht dalp~+t~d a/M'"MORT(3AGOR," and FIRST fEDERAI SAVINGS ANO IOAN ASSOCIA110N OF fORT MERCE, • aorpontion ap~nts~d ~nd ~xiuL+p ue~r tM I~w~ of th~ lMit~d St~~~ of M»riu and Mvirp itt p~tocip~l pl~a of ~ b1Mi11N~ III tIN ~ Of fOfl Pitfp~ St. LYCN COWMy~ HOil~ii MI~IfMfNf dN1pMt~ N NN ~'MOR?GAGEE.~' WHEREAS th~ MORTGAGOR k ju~Ny ind~bt~d 1o th~ QI1pRTGAGEE in Ih~ w~n ot ~ 29 ~ 6O0 . 00 ~ y~ Irwful ma+~y of tM Unit~d StatM ~dvannd by tM MORTGAGEE unto th~ 1NORTGAGOR, u~vidN+ad b~r a artain promlasar not~ of ewn ds~~ larwvith, of whtch th~ fdbwGq In wad~ u~d flpwN is a trw oopy, to-wit: - ~ 29~600.00 1Q02154Y ~ P~,, ~,b,, A ug Us t 21 191~_ Fo? valw naiwd, i, vw ar ~tthp of w, prom;~ ro p~y, without d~f~iution, to tF» ordN of fIRST FEDfRAI SAVINGS AN~ ICAN ASSOCI/(TION Of FORT PIER~E a1 Fat Piua, flwid~, th~ wm af ~ 29.600.00 with i~t~nst irom daN ~t th~ ra» of 8•7~ pK annwn, in montMy inqall- ~ 244.00 ~ tM 20th ~ of October ~9 75 and • Itb sum on tM oonapad~ day of ~sch nwnth tM~~- •ftK u~til tM wlwl~ b~ ivlly pald. . . Each Gntal4n~nt tlat ~MII b~ appli~d in p~ym~nt of tM intaat and thtn oo tM uepaid b~lancs of th~ princ~pal sum. If d~fauk it mad~ k~ tM paymem of aey ImtalMn~nt wMn dw. and wch d~fwh continws ~0 da~rs, tMn at thi option of th~ hoWe?, snd withovt ~ny oth~r notice. all the hn+ainirg irut~lirr~?q sMll b~ dw ar+d paysbb at ona. P?ivil~p~ b piwa ro pnp~y thb note in wMb or in pa~t ~t ~ny tim~ witbout p~n~lry. Neithsr faabwwna, nw aaaptanc~ by th~ holdN ti~uaof ah~r uiy defwM M ~ny paym~nh Iwnon, shall be desmed sxteroion. A lat~ p~ymem ch~r~ of i~c.*~eQ ~hali b~ added ro ach irutallnwnt runaininp un~id 7 daya afNr Ns dw dat~, u~d a like wm shall bs added to each such 3nstaliment remairtinp vnpald'7 days aftsr ~ eath sucq~di~g paymK?t daN. Exh mak~?, surety and endora~r hK~of, iointly and s~vKaly, wi~ws dsm~nd, prqentmu~t protest ~nd notio~ of prot~st for noop~yment, and furth~r •gre~s to ~y ~xtension of tirrN of paynient, ~itMr bsfon ar aftK m~turity, without notin to sriy of us; and ro pay all oosb of collection, includ'up ~ reaso~bb attorn~y's f~s in tM w~n~ of ~ny defauh Mreund~~, ~nd Mnby severaly waiv~s all ben~fit of Iwmestead ~nd exemption ueder tl» oo.utituHon and laws af ~ac!? Stat~ of thi Unitad Ststs, ~s a~airnt this oblipation or iny ~:isosion o? nnewat herwf. Witna~ tM h~nd and ~al of Mch puty. ~3 ~ s/ Ri~tfard R. Jenninqs ~ C 1? .1 ~ cs~w s Constance R. Jennings ~ • . RE~?U ~ ~ dd _ dn ) Stat~ R~vwwe ~ (5~-aealbd• ~~ri~iw~i wMa ` 29 600 00 ' Now, n~EREfORE, rh. IWORTGI?coR fo. th. pu.po.. of ..curirp psy~n.M of ,.id swn of ~ ~ • ..na th. P..t«n+.no. of tKi' cov~nn and ~pnsm~nb hK~Guftu txpres~ed, and for divs~s pood and wlwbl~ considaatans. b~? the~ Pres~nts. dws ~ant, barp~in, . ~s14 nmi+~. rele+t~ aonwy uid oonfirm unto tM MORiGAGEE. its woauwa and ~ all that asrtain {01. Pi~w c? P~roel of bnd. sitvat~, IYug. and etinp In th~ ~~qy St . Luc ie .nd Sar. of Pbrid~. daa~.d fo~~ow,: - ~~~a-~~s-/cy~-c~% ~ Lot 15, Block 524, PORT ST. LL~IB, SBCTION 10, as per plat thereot on file in Plat Book 12, page 49, public records of St. Lucie County, Florida. By agreement of Mortgagor and Mortgagee on file ~ith Atortgagee, the pithin mortgage secures not only an existing indebtedness, but also ADVATlCES to be HERB- AFTER made by Mortgagee to Mortgagor, the aggregate of which will e~ual the principal amount specified in the promissory note secure~ hereby. " - ~ STATE aF F~.~R,~A r ~ ~ ~OCUI,AENTARYi':.:.~;~STAtJIi' ?A~ ~ t j i`` ~ DEPi:Of REYE.t~IUE s`~ ~ ~ IN PAYY~ ~ ~ Nu~2~~T=~ - r~~";. ~ - p~pERT( ~ ~]vtv ~ ; Kc o = k~a2= ~ a 4. ~ o ~ ~ R,~-l~. ~ ~ 19~~.~, ~ ~ .i ~,~,~r ~o ~ ~ . . . . . . . . . . . . . . . . . - - - ~ - - . . . . . : . . . p~nc c~~.un oo~~' s~. a'°, ; ropNMr with all and sk~pvlar th~ t~+ts, hued'daments ~nd sppatanc~s tlNnwMO belonpirg a in anywiM app~taink~p tM~Mo, and ~11 nnls„ harM. prot.e~b and profits saruinp ~nd ro ~arw from ssid pr~mis~s. ~II of whkh ~n indud~d in tM ~bov~ ~nd forpoi~~ daaipQion and I~ndum. TQ HAVE AND TO HOID tM abov~ describad and pranted prMnh~s urao tl+~ said MORTGAGEE, i1a aroosston and auipnt fonw?. Md th~ said _ NWRTGAGOR for the i]c h~in. ~xacuton. ~dministrators ud ~ssi~ra, haebp ~ta with tM saW MORTGAGEE, ita woa~wrs ~nd a~fp~r„ ~ rtwt thgy are lawfully seizad of th~ said pnrnu~s in fw sinpl~s th~t th~ wn~ ~n frN, ciw and ~cMr~d from ali li~ and ~nam? ~ ~..~a t~ aw o. u, .~,iry. .~,a ~h.* thev win their lNin ~hall wa?nM and d~f~nd tM titb fo tM wr» b th~ wid i MORTGAGEE, m wooesson ~nd assipru, forwer apalrot th~ lawfvl claims and danands of dl puwros ; PROVIDED. ALWAYS tMt if th~ MORTGAGOR sh~ll pay umo th~ MORTG/1GfE tM praniaay ran I~~inbtfon dauib~d and ~hall Mdy, pranpfhr ; and ful~Y P~R4 disd~ ~x~evt~, oomP~~. ~+P~Y with ~ed abid~ by ~sth ~nd ~wry th~ stipubtiau. ~r~e~nts„ oonditiwis and oowrwnls of ~+i~0 pranis~ay nott and of this Mortpsp~, tMn this AAort~ape and tht &tat~ hK~by aut~d shali aaa~ ~nd b~ rwll and void. o~ IT IS UNDERSTOO~ that th~ word "Monpapor" whetMr in th~ wpvla w phinl ~nywFwrt in this Mwt~ap~. ~II b~ skgular if ont anly an~` _ sha11 be plurd ~oirniy ~nd avK~1y ff mon than one, u~d thn th~ word wMir' as us~d anywh~n 1n tha Mort~ay~ ~II b~ tsk~n to m~~n "hi~." "Fwn.~~7 w"Hs,° wFw~vu tM cont~xt w knp[i~s w admin. Nso, that wlrrwa th~re is ~ ref~renos in th~ oovrnants and aprear~ts h~r~in aomaiewd b+nY oi~ ; tM partiws h~nto, tht ~ ~hall b~ corotn,~d ro mwn a vwll a tlr h~in, Ipal npr~ntatiws, suaessas .nd as~ipn~ (~itl~a voiuraary b~r sct of d~' ' pania or M~v~olunqry~ bp op~ntion of the law) of the aarn~ . and that tM coveMnb herein caNaiiwd sh~ll bfr~d ~nd th~ b~nefits and advam a p a i m w ~ ~ to tht rap~ctiw Min. (pa~_r~pra~ntatlws„ woces~ors and asa!~ro of tM partiws Mrtto. y~ ' Md s~id far tiwna~lva and tFnir F~tirs. ~ ~ Morqpors. Ipai npr~+tativ~s, woc~ssors and assipra, hereby jointly and swKally oo~wnant ~nd aprK*+ ~ to aed with th~ saW MORTGAGEE, its wa~uors and psipros ` 1. To pay dl ~nd sirgular th~ p~indp~i and im~rtst aid th~ vuious and wndry wms of nwner WYabb by virtue of aid promiswry nw~, and ~ = n+ort~+p~, wch ad ~wry, panptly on tly dayi nspettiwly th~ un» ~vrr~lly b~oon~ due. ~ To pay ~I! and ai~qular th~ bx~s, a~s~naNS. Ir?i~s, (iabilitia, oblipations snd ~ncun~anns of wary nature and kind now on satd ~ ~ propwtp, or that hu~aft~r m+Y b~ impa~d. wffK~d, p~ao~d. Iwwd, cr aa~d tlnnon, or th~t MrwftK nwy M I~vi~d a aawa~d upa~ Mi~ Mor1~ ! y~• a tlw ~ s~cw~d MnbY, wch and rv~r, wMe dw and p~y~bb. ~aoordinp to I~w, b~fon th~Y bacom~ dsllnqu~nt, and b~ion any frM~Nt + anaches a ~ny perwlfy is irKwred; ANO INSOfAR AS ANY THEREOF IS OF RKORC THE SAME SHALL dE PROMPTLY SATISFIE~ AND DISCHARGfD OF E RKORD AND THE ORICINAL OFfK1Al OOCUMENT (SIKH AS, fOR INSTANCE. THE TAX RKEIPT OR THE SATISFACTION PAPER OFfICULLIV ENOORSEO i OR CERTIFIED) SFIAII 6E PLACED IN THE NANDS Of SAID MORT6ACEE WITHIN TEN ~AYS NEXT AfTER PAYMENTj ~+d k~ th~ twM Mut any tlNnof h nof t psid, sat:sfi~d ~nd discharp~d satd MORTGAGEE msy ~t any tim~ pay the ~amt or any psrt tlweof withow w~ivinp a aff~ctinp any option, li~n, ~q~ity o? •~pM und~r w by virtve of thb mort~pe ind ths full amo~nt of tad~ and w~ry wch paymern shall b~ lmmediately dve snd paysbb and shall bw iiNUat ~ /rom th~ dat~ ther~of until paid at r~te of nin~ p~r centum per annum ~nd ropetMr with wch i~te~est shali be secvred by the fien of th:s mor~taye. ~ ~ ! ~ ~ , ; _ , ~ s . r~ ~ -y ~.r~:" ~ y 4 ~s> - - ;:.:~r,