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THIS INDENTURE. N4J~ th~ 29th ~ of ALIgUSt ,:A,D. 19~_.., btw~
Douglas J. Stout and Donna"M. Stout, his wife
of St. L11C~@ Cp~nty Florid+, hatin~itK d~sipnstd ~i tM "MOR?GAGOR;' ~nd fIRST FEDERAI SAVINGS ANO~ tOAN
ASSOCIATION OF fORT PIERtE. ~ aapaNio~ or~nizsd ~nd ~x1~~iny undK tM bwa of tM Uniad Sata of Mwrka ~ad IwvinO its prfpcipal pl~a of
bv~ln~ss in ~M Gity of Fwt PiKC~, St. luci~ Counry, Florfda, heninaftN dyipna~~d ~s tM "MORTGAGEE."
WNEREAS th~ 1MORTGAGOR 4 justly ind~bad to tlr NWRiGAGEE in tM sum of i 23 •~0 .~ood' aAd1}w~~I.mp+iY of tM Unit~d
Statss ~dwnced by tM MORTGACsEE unto Ilw MORTGAGOR. wid~nced by a c~na~n promissory not~ oi evM dat~ Mrwvith, t!t Mhich tM followinp h
Wwds ~nd fip~~~i ts a trw copy, wwit: ~ 11000346
2 3, 000 . 00 r~o
P~, F~~~ August 29, 19 75
for vaiw receiwd, 1, we or eitha of ~s, prom~se to p+y, wUhout defalcation, to the order of FIRST fEDERAI SAVII~GS ANO LOAN ASSOCIATION OF
FORT PIERCE at fon Pierce, Fiwids, ths sum of i 23' with inte?est from date at the r~te of 8• 7-~ri per anrewn, in moNhly inftall-
~,e~n as foltows: = l~• ~ on the 2Ot~ay of December ~9 75 and a like tum on tM cwrespo+d'a~p daY oF each month tMrr
arter ~~til the whole bs fully paid.
Each installment flnt shall be applied in paymtnt of tM interest snd tAan oe? the unpaid bslanae of tM principal sum. (f def~ult is mad~ in 1M
paymeM of any inttallment when dus, and such defavlt tontinues 30 d~ys, then at 1ha option of the holder, and witlw~t sny other notice, all ths rsm~inu+p
instatlments ~hall bs due and paysbb at ooce. Privikge ia given w preprY this ~ote i~ whote w in part at any Yuns witF~out pae~hy. Neitha fonbsanna.
nor seceplance by ~he Fatder the~eof aiter u~y default ie? anY payments heroon, shall bt de~rt?ed exteroion. A late p~yment tharye of j 9• 5O sh~ll b~
added 1o each installment remaining unpaid 7 days after ib du~ date, u~d ~ liks sum shall be added to each such inst~llment temainir?y unpaid 7 days ~ftK ,
aach tuccetdirg p~yment data.
E~ch maker, wrety and endwser herepf, joinlly and uver~lly, waives demand, presantment {xotett and notic~ of protett for rwe~psymeot, and funFw
agrees to sny extension of time of payment, e~ther before a sfta msturity, without notice to any of us; and to pay all coib of collectan, intlud'up •
reasonabb aftorney's fee in the event of any defsutt herwnder, ~nd F?areby teverally waives all benefit of homestead and exemptan under th~ oonstifulion
and Iaws of each State of ehe U~ited States, as againal thia oblgstan w sny exlension a rerxwal heroof. '
Witness the hand and ual of each party. n: ~ ~
• ' ' S/ Deu~lac Stc~ut (5E/11~
ls~?U .
S Donna M. Stout ~
$34.50 ~
i_ s~ate ae~e~u,.
i3uaaftCC~AtllLbqp~t7QDLOLX 23 ~0
NOW, THEREFORE, ths MORTGAGOR fa tfie purposc of :ecuring psyment of ss~d swn of = ~ a+d tM perforrt~n~s of th~ ~
cowenann and syreements hereinaher expresscd, and for divers yood and valuabk cauiderations, by thes~ pres~nts, doss ~aot, barp~in, sell, romise,
rrlease, convey and c irm ynto t1Y MORiGAGEE, in svccessors ead auigns, all that cenain bt, pktt or paroel of lar?d, situaM, lykg, u+d bekg in 11~
County of LuCle " ad Sate of Fbrida,, describ~d ~s idlows:
Lo t 12 , Block 255 P~ORT ST . LUC IS, S~CTION 6, as per Plat thereof on fil e
in Plat Book 12, Page 36 A thru D, according to the Public Records of
St. Lucie County, Florida. ~
o- 5as- o aqs ~ ooa/s-
By agreement of Mortgagor and Mortgagee 8n file with the Mortgagee, the
within mortgage secures not only an existing indebtedness, but also A.DVANCES
to be HfiRBAFTER made by Mortgage~ to Mortgagor, the aggregate of which
will equal the principal amount specified in the promissory note secured
hereby.
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~ s STl~T dF ~~oR~a,a i ~
~ ~y : ~ DOCUMENIARY :.,-~A. STAI~'ip TQ
~ yr, ~ DEPT.O~ REYENUF.e= x~ RECEfVE1: OO P
~ : ~ _ = - _ Q+IT ~f TAXEg
K~ y P9. = st~2-'i5 ~ # ~ Of: CL/lSS Mf( ~V~
o-~~~02 "3 ~ 5~1~ + Pu~nr m a~R
n
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Togethcr wirh sll and singular the tenemenn, hereditaments snd ~ppurancas thereunto belapi~g or in anywise apqrtsinkp tlwr~to, and atl ra~ta,
~.rocecds snd profiK sccruing and to accnre from ssid premises, sll of which ue induded in tFw abov~ ~nd fwspoirg daaiption u~d h~b~ndu~~
TO HAVE AND TO HOW, the shove desuibed and pranted premisea umo the said MORTGAGEE, its uroaswn and asipro fonvN. Md tl~ s~id
,uORTGA R{a their _~NS, executors, ~dministrston arwJ a ~pip~,.
~O ssignt, hsreby oov~nts witl~ tlw said MORTGAGEE, its suoouw~s ~nd
rhar they are ~.,,,,f„iy sei:ed of the said premis~s io fee }'unple: that the ssrn~ an frN, cl~~r ad d'acharped from ~II lism and a~amt
A brances in I~w or in equiy, and tha* theywill and their ~~y ~II wuraM and d~f~nd the titl~ to t!w s~ne to tM wid
.',ORTGAGEE, its wcuuors and auiyns, faever ~gaimt tF~t lawful claims and damands of ~U peraanj
PROVIDED, AIWAYS tMt if tF?e AAORTGAGOR shall pay unto tFK AhQRTGACsEE the promiswrp rate hereinbefore d~scrib~d ~nd shdl fruly, promptly
a~d fully perform, d~uh+rge, execu~e, complete, comply with ~nd abide by esch and every the ttipulatian, pnernenb, conditions tnd ooverMnb of said
~rom~ssory note sad of this Mortgage, then this Mortgsge ~nd the Estste hereby ueated ahsll oe~s~ and be nvQ ~nd void.
~ IT IS UNDERSTOOD that the word "Morty+gw" whether in t1~e singular or plursl anywF~~ h this MortQpt, sh~ll b~ sirgular H on~ only ~nd
~ shall be plural jointly ~nd severally if more than on~, and thst the word "their" ~s used anywhen in fhis Al~orf~p~ shdl b~ tak~n to mean "lrt."'7ws,"
~ cr "irs:' wherever the context so implies w admits. Also, thst wherover there is ~ referents_ in tlr covenanri aed aprsem~nt~ hatin ooMained to any of ~ _
rhe paniei herero, the same shall be consrr~ed to mean u wetl ss the he'us, legal representstives, waesson and assipra (eitF~a voluntuyr by ac~ of th~ ~
pa.ties or involuMUy by ope~ation _of the law) of the same and thet the covenants her~in oont~insd shdl bind and tM b~nefib and advantap~s ina~
~ ro the respective heira, kgsl representatives, successors snd ass°gns of the ps?ties Mreta
Md sald Mortgagors, fw themulves and their heirs, kgal representatives, successon and u~ipm, hereby jointly and sewrally ooven~m ~nd prK ~
ro and with the said MORTCaAGEE, iti succeswn and ~ssiyro: ~ [
1. To pay all and sirgular tMe principal and intaeat and th~ vuiovs and suodry wms of money psYabb by vinw of said promissay not~, a~d tiiis
mortgspe, each ~nd wery, p?omptly o~ the day~ r~spectively the s~me s~wrsliy becortw due.
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2. To p~y ~H and atnyulsr the taxes. assessm~nb, levies, li~bilities, oblip~taru and enc~mbrancas of ewry Mnx~ and kind eow o~ s~id daaib~d ~
propcrty, or tlut hereafta may bs imposed, wffered, plaoed, levied, or as~essed thereon, a that fwreaftK may M Iwi~d or wsss~d upon thb N{orq~ ~
age, or the indebtedness secured he~eby.-each snd every, wl~en dw and payabl~, xcord'ug to Isw, befon they beoorrN delinqirem, and b~ion ~ny kdaeat
artcchrs or ~ny penilry is intwred; AND INSOFAR /~S ANY THEREOF IS OF RKORD THE SAME SHAtI 6E PROMPTtY SATISFIED AND DISCHARGED OF -
RECORD AND iHE ORIGINAL OFfICIAI OOCUMENT (SIKH AS, FOR INSTAh'CE, THE TAX RKEIPT QR 7HE SATISfACT10N PAPER OFfIC1/11LY ENOORSED
OR CERTIFIED) SHALL BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in th~ ~wm th~t a+~y tFiaeof is not .
pa~d, sat'sfied and discharged sa:d MORTGAGEE msy at ~ny time pay the same a any part tht~wf without waivinp w affecting am/ option, lia~, puity or
•~qhr under or by v~rrue of this mort9aye uid the full artwunt of euh and every wch paymsnt fhall b~ inunediately d~e a~d payabl~ u+d shall bear interat
~.o~., r~,= dare the-ecf unf:I ,r,a d a+ rate of nint per cen?um pet ann~m and toyetF~er with such iMe~dt shall be secured by fhe (iM of th:s morgtaye.
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