HomeMy WebLinkAbout2677 ~ ~ 31'7
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THIS INDENTUftE, M~dt th~ 4th ~ ``~y~5anteober - , ~.o. 19 75
_ b.,W..,,
Wi~lian H. Hilson and:,p,~~,~.. 1til~on. . h
i ~ !
of St . Lt1C~6 , CpiMy Florida, Mninaifer d~sgnated ss the "MORTGAGOR;' and FIRST fEDERAI SAVIMGS AND LOAN
ASSOCIATION OF fORT PIERCE, a corpor~Yan or9aniud and exittieg unda tM laws of ths United Sut~s of Ame~iu and havinp its principa) plan of
bu~irwss in t!w Gty of foA Piaa, St. lucN Countji~. Florida, hK~inafi~r d~sipnat~d ~s tM "MORTGAGEE.••
WHEREAS tM MORTGAGOR it j~stly ind~Med to the MORTGAGEE in ~M wm of ~ 3B~A~~~ , good snd lawful moeey of the United
Sutes advsnted by the MORTGAGEE un~o the MORTGAGOR, a ~videriced by a caq~n promissory nots of erer~ date Ixrewith, of whlch ths followinp in
wadi and fgures is s trw copY. towit:
t~.000 . 00 ~ ~ 1QQ21565
~ P~. Septe'ber 4 ~ ~y1,~
For wtue received, 1, v?e or eithea of us, promise ro pay, withovt defalcation, to ths wder of FIRST FEDERAt SAVINGS AND LOAq ASSOCIATION OF
FORi PIERCE at Fon Pierce, Florida, the svm of = 38 r.~~0-~ , with inte~,st from date at the rate of .Q..Q96 per arvwim, 3n moathly instal{-
rrxnK at foitows: S 386.00_ p~ ~ 20th ~y of ~CtOber , 19~ snd a like sum o~ tM corcespa~d~ny day of each month therr "
afte? until the whole be fuHy paid.
Each irntallmenr iint sAall be appieed in paymeM of the i~tereat and rAen on the unpaid balance of ths principal sum. If defauh b msds In fhs
paymeot of any inarillment w~hen dve, snd such default con?inues 30 days, then at the optic~ of the holder, ~nd without any otF~er notice, all the rsm~ining
instaltmen» shalf be d~e and paysbte st once. Privilege is given to prep~y this ~ote in wlwb w in pan at any time without pcn~lty. Neither forebeuance,
nor acceptaoce by the Iwldcr thereof sher sny defa~It in any payments hereon, shalt be deemed extension. A late payment chsrge of =19 shsll be
added to e:ch instal~ment remaining unpaid 7 days after iri due dstt and a lik~ sum ahall be added to each such installment remaininy unp~id 7 days aher
eath sutued'rtp payment date. _
Esd? maker, wrety and er~orser hereof, jointly snd aeverally, waives demand, presentment protest snd notice of protest fw nonpaymenf, and fvAhet ~
agreet to eny extension of time of paym.en4 either before or afier maturity, without norice ro any of vs; and to pay all oosts of collectian, includiny a
reasonabk strorney i fer in the event of any default hereunder, and he~eby se~re?a!ly waives all txnefit of homestead snd exemption under tFw constih»ion f
and lavr~ of each Sute of tine United States, as agsinst this obligation p ury exteruion or renewal hereef.
Witneas the kand snd. seal of each party- rj(~~~,~ LY'
s/ Williaa N. Hilson ~
` . _ ~ . _ . , , cs~?U
, s/ Daura H; Hilson a/k/a ~
S~~ ~ Daura M. Hilson ~
~ • ) Sfa!e ~RlvlnW
(SN~p"ow~eild- ~f1`Mi~1ws1 w~fe~
~ NOW, THEREfORE, the MORTGAGOR fa the purpose of seawirg p~ymeM of said wm of = 38 , and ths perform~nce of th~
covenanu ~nd agraemenb h~reinaftq expressed, er.d fw divers yood u~d valwbl~ co~sid~rati«u, by thesa presenn, does yr~nt, b~rpa:n, s~lt, remiss,
~ release convey snd conf'am onro the MORiGAGEE, its succasson and assipns, ~U that certain bt, piea or parcel of land, situat~, lying, and b~irg in tlw
r coimty of St . Luc ie ~nd st,t. of f~o.ids, aes«ib.d .s iot~ows:
Beginning at the Northeast corner of Lot 3, Block 2, FORT PIBRCB I~IGHTS SffiDIVISION,
; as per plat thereof recorded in Plat Book 1, page 39, St. Lucie County, Rlorida
j public records, run West along the.North line of said Lot 3, 47.42 feet; thence
E Southerly 129.92 feet to a point on the North right of way line of Orange Avenue
F
~ (State Road No. 68), said point being 47.90 feet West of the Bast line of said
Lot 3; thence Basterly along the North right of way line of Orange Avenue 49.90
~ feet to a point on the Bast line of the atoresaid Lot 3, 15 feet North of the
Southeast corner ther~of; thence Northerly along the East line of said Lot 3,
131.45 feet to the point of beginning. ~
~ r"' TOGBTHER WI?H the South of the vacated alley adjacent on the North.
~ ~
Mortgagors covenant with aortgagee that they are the owners in !ee sisple of the
' ~ parcel iamediately adjacent on the West of the parcel above described, ~rhich
~ ~ adjacent parcel and its iaproveaents share a coemon wall pith the iarproveaents.
~ e~umbered hereby. Mortgagors covenant that said coason wall is set~on the West
lot line of mortgaged premises with its midpoint on said line. Mortgagozs, as #
owners of nortgaged pre~ises and the parcel situate and adjacent oa the West, ;
hereby declare said conmon vrall to be a party wall, and they do hereby grant unto ;
mortgag~e, its successors or assigns, the riyht, privilege and easesent to use
- said comaon ~all as a party wa11. Said right, privilege and ease~ent is granted
for the benefit of mortgagee, its successors or assigns, and sh~ll b¢ dee~ed
appurtena?nt to the above described property encumbered hereby.•~
f
By agree~ent oi Mortgagor and Mortgagee on file with Mortgagee, the within _
mortgage secures not only an existing indebtedness, but also ADVANCBS to ;
be HBREAR?ER e~ade by Mortgagee to Mortgagor, the aggregate of which ~rill
equal the principal a~sount specified in the promissory note secured hereby. ~
y~ ~`.a ~ , ~ ' - 3- ~ _ _ _ - -