The URL can be used to link to this page

Home My WebLink About1952 , ~ . _ . - - _ _ - - ~1~~so ~ f~ . . ~ THIS INCENTIJRE. 1N~d~ the lOth ' ~ of t~~ i '+~~eIDbei , 75 , /1.0. 19_~ beMr~~n Josenh J. Lach and ~Iary Ann Lach, his wife ~ SL . LL1C1@ CpiMy Florida~ INt~IMffM ~lt1~Mtlfl as tM "MORTGAGOR," and FIRST fEDERAI SAVIPtCsS AND tOAN ASSOCIA?ION Of FORT PIERCE, a corpor~tion orp~rusad and ~xisti~p und~r th~ laws of tM United St~t~s of Mwric~ and havinp its principal pbcr of businps in tM City of fwl Pi~ra. St. luci~ County. Fio~rW~, hereinaftK d~sipnat~d ~s tl~ "MORTGAGEE.•' WNEREAS ths MORTGAGOR a~rstly ind~bt~d to ths NWRTGAGEE.in ths sum of i 35~~0.00 , yood and Iswful maKy of ths U~ited St+hs ~dwnced by th~ MORTGAGEE vnto ths MORTGAGOR, as evid~nced by • ce~tain promiaswy note of even dat~ he~ewith, of which th~ followinp in worda ~nd fipur~s is • trw ooPY. towit: • =35,000.00 . No 100215'78 ~ P~, fl,,;d,, September 10 19 75 For valve nceived, 1, we or eitMr of us, prom;se ro pay, withou! dafalcation, to the order of FIRST FfOERAI SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE at Fwt Pieroe, Florida, the wm of ~ 3 5,~O . w;th interest from date at the nte of 5 96 per annwn, io monthly instal!- menn as follows: ~ 304 . 00 jsth ~ of OCLObeI ~q 75 ~ a like sum on tFr correspond~rg day of each month there- after until the whole be fully paid. Each installment fint shall be ~pplied in p~yment of the intcrest snd then on the vopaid balance of the principal wm. If defa~lt is m+d~ in ths payment of any installment when due, and wch defauh continues 30 day~, then at the option of the holder, ud withovt any other ratice, all the rem~inirg inst+llmenq shall be dw a~d payable at once. Privikga is given to pr~pay fhis nofe in whole or in part at sny fime without penalty. NeitF~ faebearance, nor ~cceptance by the hokkr thereof after any defa~h in u?y payments hereon, sha11 be deemed extmsio~. A late payment charge of : 1 S. 2~, shall be addsd to each installmant remawng unp~id 7 days after ib du~ date, and a like sum shall be added to each such installment remainirg unpaid 7 d~ys afte? each succeeding payment date. ~ E~ch maker, surety and erKloner hereof, jointly and severally, waives demand, presentment protest and notice of profest for nonpaymeM, and fwthtr agrees to any extensio~ of time of payment, either before or aher matwiry, without ratice to any of us; and to pay all costs of collection, includinp a reasonable attor~ey's fee in the event of any dehult herounder, and hereby severally wsives all benefit of homestead and exemption under the cautifufion and laws of each State of the United States, ss apai~ut this oblip~tion or any exte~sion w renewal hereof. Witness the hsnd snd seal of each p+rty. L~ nD ~ t , ~ ~ ~ ~ si ~~s~p~, t~. ~.~?~h Rl~EE~NED 1N ~MEili OF TA1i~ ~q 0~ ON Ct/l9~'~' MfT1iMWMi ~OkAI t~A?ER~ - 5 A1ary Ann Lach ~ MtRSIMIfT TO CIIMIE~ 7f~t1? ~R Oi lel/t. r . $52 .50 ) Stat~ Revenw ~r : (SFJ?!~ CtEIM( CI~R {~I~, i WC~[ OOr, R~ ' ' Now, THEREfORE, the MORTGAGOR for the pu~po~e of secvr~rg p~ymem d s~~d w~r~ of ; 35, 000. 00 ,,,,d ~~a~ ~,f,~ ~ ~or.~+a~n a~d a~?sems~n here~~sher exaessed, and fw divers yood and valwbM canideratiau, by thess presents, does yraM, barpain, setl, remis~, ` releeie, conv~y and tonfirm unto tM MORTGAGEE, its svccessors and ~uipns, dl tMt cert~in lot, piap or parpl of tard, sitwte. IYirg, and beirg in th~ SL . I.L1ClQ ~~Y ~ ~nd State of fbrida, d~w~d ~s folbws: r - Froa the vorthwest Corner of the SW4 of the ~1~ of Section 24, Township 35 South,~ R.~nge 3~ East, run South along the t~•est line of said Section 24, a distance of 38.00 feet; thence run South 89°23'30" East~ a distar~ce of 692.10 feet to the point of :,?ginning of the following described land: ~ r'"ru.~ ~aid point of beginning, zun South 89°23'30" East a distance of 150.48 feet; - a t~~ence run South 00~00'30" West a distance of 439.79 feet to the North tight-of-tivay of State Road 70; thence rwn South 7U°08'30" k'est along the lorth right-of-tivay of State Road 70 a distance of 160.00 feet; thence run North 00~00'30" East a distance of 495.74 feet to the point of beginning; all in St. Lucie County, Florida. ~ ?OGETHER WITN all machinery, equipment, furniture, furnishings, fixtures, supplies and signs now and hereafter acquired by Mortgagors for use in ~Sartgagors• motel business to be conducted on the hereinabove described property, including but not lipited to all replacements thereof, and all attachments, accessories and equipment hnr2after installed therein or affixed thereto, including all ite~?s of the above described nature which are to be purchased with the proceeds of tbe indebtedness , secured hereby. / ~ / , ~ ~ ~ . 3I C~C~' ~ % ~ By agzeement of Mortgagor and Nlortgagee o file ~yith ~ Mortgagee, the within mortgage secures not only an ~ existing indebtedness, but also ADVANCES to be HERE- ~ ~ AFTER a~ade by Mortgagee to Mortgagor, the aggregate k of which will equal the principal amount specified ~ in the pYOQissory note secured hereby. This is a second moztgage, being inferior only ~ to a prior first mortgage from mortgagors to mortgagee dated May l, 1975 and recorded in O.R. Book 239, page 553. Public records'of St. Lucie ; County, Flori da ~ eooK 243 ~~F 195? ~ ~ _ _ - - _ - - r:i ~ ~