HomeMy WebLinkAbout0261 ~ a71~7a7V0
THIS INDENTURE. Matl~ tAt 25th ~y of AU 11St p,p, ~9?~ ~ b~tw~
Ted B B~sa and Margaret ~1-.' ,~ss, h s•~pife
of St. Lucie ~ Cpin~y Flaida, hKtirnflM dtigMt~d u tM "MORTGAGOR," and FIRST fE~ERAI SAVINGS ANp tOAN
ASSOCIATtON OF fORT PIERCE, a aaporat~on orp~niud and ~xii~irq ~ndK tM lav~n of tM U~ii~d Sut~s of Ar~ka a~d Mvt+?p f» priaNpal pl~o~ oi
bwm~as in tM Cify of Fwf PiNU. S1. luci~ Co~nty. Fiot{d~, hK~lnahe~ desipeabd ~t iM "MORTGAGEE."
WHEREAS 1M 1MORTGAGOR is H»tly ind~bbd b tM MORTGAGEE io tM sum of ; 33 ~ 6~ . ~0 . 9ood ~nd ~awfu~ mon~y of th~ United
Siares adva~s~d by th~ VIORTGAGEE unlo tM MORTGAGOR. as evidenced by a csn+in promistory nott of ~vM d~te her~with, of which tM followinp In
wordi ~nd fip~rp is • uw copy, towit: ~~QQ126
= 33.600.00 Au st 25 r+~ 75-
Fut PiKC~. Florid+. ~ 19
for valve rect+wd, 1, vw a either of us, promise ro pay, without defslcatia+, to the o~dsr of FIRST FEDERAI SAVINGS AND IOAN ASSOt1AT10N OF
FORT PIERCE at Fat Pierca, Fbrida,, tM svm of t 33 wi~h intae~t from date ~t the rat~ of 8• 7~ psr anr?wn. in monthiy (mulF
~n~nts as foUows: j 277•0O on the 2~th dsy of D~~°ber , 19 75 ~nd a lilu swn on the correspa?dinp day of each moMh therr
eiter until 1he whole be fully paid.
Eath irnbllment f'u~t thall bs applied in piymant of ths inte~est and the~ on the u~paid balance of ths prindpal wm. If def~ult Is msd~ in !M
pavment of any instailm~n? when due, and such default continuei 30 days, then at ths optan of the hoider, and without any otF~ notice, all 1Fa remaininp
~nstal~mcnts thalt be due and p~yabk af once. P~ivilepe is given to p?epay this note in whob or in parf at ~ny fim~ withovt pan~ky. NNithst fortbea~a~cs,
nor attept~~+t~ by fhe holdar thereof afier a~y defauh in any payments hereon, shsU be deemed extension. A lats p~yment chuy~ of = 13 ~ 85~ ~
~dded to eath installment remainirg unpaid 7 days afier ib dw date, ~nd a tike sum shall be added to eath suth instailmet?t rem~ini~y ~np~id 7 daya affer
each succeeding p~yment date. ~
Exh maker, s~rety and endorser hereof, jointly and severally, w+ives demsnd, presentmcnt protest and noY~ce of protett for ~anpayment, and furtl~
a~rees to any extension of ~~me of payment, either befo~s a ahK maturity, without notice to any of us; and to pay all casts of collMion, indudinp a
reasonable ~ttorney's fee in tF?~ event of any defa~lt htreunder, and hereby severally wsives all benefit of homettesd srd exemptwn under the oonstitulial
a~d laws of each State of the United Sutes, as against this oblig~tion o? arryr extension or renewsl heriof.
Witneu the !»nd and seal of each party. • .
~ S/ Ted B. Bass ~
4; ~ ~ - ~ r- . . ~ .
. (SEAU
S/ Margaret A. Bass ~
. (SF/?U
~ • ~ ~ Stste Revenw
csrernp',=~+m-e~~a~ts~ak ' 33 600.00
NOW, THEREfORE, tM MORTGAGOR for the p~r~pose of tacurie~g p~yment of ~aid wm of = ~ . uid fhe Performs~u of tM
covenants arwl yraements hereinafter expressed. and ior divers yood and valwble consider~tions, by fh~s~ pros~nls. does ~ant, baryain, sell, temise,
re!ease, convey and confirm unto the MORTGAGEE, its s~cceuors and +uigns, all that certain lot, pieu or pual of land, titwt~, lyinp, and b~itg in tM
Counfy of St . I~l1Cie and Stat~ of Ftwida, dexribed ~i follows:
~ ~yaa- ~a~ D~S~~oc~~~
~ots 11 b 12, Block 395, PORT ST. LUCIE SBCTION 6, as per plat thereof on file in
nlat Book 12, page 3~A, public records of St. Lucie County, Florida~
By agzeement of Mortgagor and Mortgagee on file with Mortgagee, the within nortgage
secures not only an existing indebtedness, but also ADVAi~iCES to be HEREAFTER made
by Mortgagee to Mortgagor, the aggregate of which pill equal the principal amount
snecified in the promissory note secured hereby.
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RAS
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roaetl,er with all snd ~ingular the tenements, herediNmenri and appurf~nces tl+arwnto b~lagiig o~ in anYww appKhbiM+p fiwtNO, snd all rtnts, issws,
c~oceeds and profin acvu"uig and to acuve from iaid premises, al! of which an incl~d~d in th~ abov~ ~ew forpoinp dpuiption and Mbendurn.
70 HAVE ANO TQ HQID the ~bove desvibed and grsnted premises unto th~ wid AAORTGAGEE, ita svoastas M+d +sigrr forwM. Md th~ said
MORTGAGOR fw t11Q1Z F?eirs, executon, administraton and ~uipns, h~rtby town~nb with tM ~aid MORTGAGEE, iM woauon and aplpnb ~
inat thesc arg ~ully seized of the ssid premises in fee simpl~j that tlr wrn~ an hK, clw~ and di~th;rp~d from a0 IiMr and ~
brancts ~n law w in equity, and that they Wm .~,a their h~ks sMll warraM and defend tht titl~ b tM s+me to th~ s~W
,'.",ORTGAGEE, in succeuon snd sssiyns. forever sgsirot the lawfvl clairta snd demands of all pano~t _
PROVIDED. AIWAYS thst if ths MORiGAGOR shall pay unto ths MORTGAGEE tF~e prompsory ~w1~ Mteinbefon dacr~d and th~ll fn?N. P~Y
a~d fuily perform, dixM~ge, execute, compkte, comp~y with ~nd sbide by eath and ~very fhe stipulatioro, prsemaNs, oo~diti0ro uid oown+nb of a+id
4 :;~cm~ssory rare snd of this Mortgage, then rhis Mwtg~ye a~d rhe Esure hsreby ueated sha~l at~s~ and b~ null ~nd void.
r
z IT IS UNDERSTOOD thN fhe wwd "Mort9agor" whether in th~ singular a plwal anywher~ in t!w Morty+ye, shall b~ sirgula if on~ only ~nd ~C,
~ ~halt be plvral jointly and severally if' more than one. ~nd tMt the word "theit" u used anywhen ie tF~is Mort~~y~ shall b~ taken M rn~an "his." "Mrs." O
~ or "irs," wherever the context so implies or admits. Alw, th~t whereve~ there b~ rehranoe in th~ cown+nts ~nd apreenwnri Fwrsin aonqinad to u~y of
~he panies hereto. ?hs ss~ne ih+ll be construed ro mean ss well as the l+~in, le~al represent~tives, wassao~s ~+d usipm (~itMr voluntary b~r ~d of 1h~ ~r~
parties or involvmary by opsration of the law) of the sam~ a~d that the covensnts htrein coMairwd shall Wnd ~nd th~ b~n~fita and adv~ntap~s irwn l r
ro the respective hein, legal reprexntatives, suaessors and ~u~gro of ths parties her~ta
Md said Mortys4ors, fa rhemsslves and fheir heirs, lepal r~presantatiws, waeuws and ~ssip% hersby jointlr ~nd s~v~rally aoven~M and pne
~o and with the aid MORTGAGEE, its tucceswrs snd sssigme ~
1. To p+y all and sirgvlar ths prinapsl and inte~est and tFw various snd sundry wms of mo~ey paY+bl~ by virtw of s+id promiasory nof~, u~d fhis
mortysye, exh u+d every. Womptly an the days respectivety the sam~ ~ewrdly b~com~ dw.
2. To pay all and sirgular th~ t~:d, assesuneob. Iwies, li~bilities, oblgatio~s ~~d u+cumbranca of tvery n~h+?~ ~nd kind rww on s+id dNC?1ad
propertY, or that hereahar may b~ imposed, wffered. P~+ced• Iwied, a awss~d tl~eon, or that her~after may be Iwisd a at~ss~d upon this Morq~
age. o. th~ indebt~dness sewred hereby, each snd ewry, whsn due aad payable, aaordi~g ro law, befa~ they becan~ d~linqvem, and b~fon ~rryr imK~N
atraches a any per?~Ity is incurred; AND INSOfAR AS ANY THEREOF IS OF RKOR~ THE SAME SHAIt 3E PROMPTLY SATISf1ED AN~ DISC,H/JtCsED OF
RECORD AN~ THE ORIGINAL OffIC1At OOCUMENT (SUCH AS, FOR INSTANCE, TME TAX RKEIPT OR THE SATISFACTION PAPER OFfK1AllY ENDORSED
OR CERTIFIEO) SHAII SE PtACED IN THE HANDS OF SAID MORTGAGEE WIIHIN TEN DAYS NEXT AFTER PAYMENT; and in the went that any N~sreof is no1
Pa~d, iat'sfied a~d disd+aryed sa:d N10RTGAGEE may at any rime pay ths sam~ w any pirt thereof withoW wsivinp or affectirq ~ny option, lien, eqvity a
.~9hr ~nder or by virtue of this mortgs~e and the full amovnt of eath snd erery such p+ymeM ihall b~ immediately dve and p~yabl~ ~nd shall bear intsr~at
~~nm +he date fhe.eof vnr~~ oa d a~ rate of nine per ceotum per annum aod topethtr with svth iotNCSt shall b~ secwed by tM lien of th:t morgtage.
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