HomeMy WebLinkAbout2688 THIS INCENTURE, N1~d~ th~ 1Kt'h ~y pf September A.D. 19_?5~ b~tvw~n ~
I. E. Estridge, III, and Patricia~~ tridg~y ~?ife, !
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of ' C e County Fbrid~, hNtinaflN d~sip~at~d ~s 1M "MORTGAGOR." +nd fIRST fEOERAI SAVINGS AN~ LOAN }
ASSOCIATION OF fOR1 PIERCE, a co~pw~tion orpadstd a~d ~xalinp wd~ tM lawr~ of tA~ Unit~d St+ttt of Am~~iu and Mrinp IM priocip~l pba of
bwiMas in tl» Ciry of Fat PiNa. St. l~rci~ County, florid+. ~w++f~a daipn~ad ~s tM "MORTGAGEE.° ~
WHEREAS tM JNORTGAGOR h jwtly ind~bt~d w th~ MORTGAGEE in ~M sum of ~?7~2~•~ . pood and lawful ma~ey of th~ U~~t~d
St~tss adv~nced by ths MORTGAGEE unto tM MORTGAGOR, ~s evid~nced by a u?uin promiuory not~ of even date F+~r~with, of which th~ followi~p in ~
w ~y r b~ trw copY. lo~wit:
~ ~l~, • ~ H, 0021 8 °
~ P~, September 15, 19 ~
fw v~lw r~ceivtd, 1, vw p~ithK of w, promis~ to p~y, without d~(~lu~ion, to the uda of FIRST FE~ERAt SIIVINGS ANO IOAN ASSOCIATION OF
FORT PIERCE ~1 iort Pisra, flwida, tM sum of = 77 • 2~ with interest (rom dat~ at ?M rat~ of 8• 75% pa annwn, in moMh~y Msfa14
mems u follows: s 635•~ on tM 2~'h d+y of ~tO~Br 19 ?5 ~rd ~ lilu swn on tM cwrs~porKlinp day of ~sch nant6 t1+K~-
afttr until ~hs whol~ b~ fully p~id.
E~ch irotallment firat iha~l b~ appliad in p~yment of tM iMe~~st and then on tM unpaid b~lance of tM princ~pal wm. If d~tauh is en~d~ • In tM
payme~+l of a~y inuallment wMn dw, aod such d~fauh tonti~ues 30 days, thee~ at th~ optioe of th~ ho{der, and without sm otha notice, dl tM r~ulnirg
instellmsnts sMll be dw and p~ysbt~ at once. Privil~ 4 qiren to prp~Y this ~o» in wiwl~ w in p~H ~t any tirn~ without wn+lty. Ntither foreb~a?~nct.
r?w aa~pt~nn by tFM holda tMraof ~ita ~ny defauh b any paymer?b lwwn. sMll b~ deemed extMSan. A ~~ro P.yme~~ ch.ro. ot = 31 • 75 sh~ll b~
added to each iroqflment ramaininp unp~id 7 d~yf ahK ih dw dats. ~nd • lik~ swn shall be added to esch such instaltmeot r~ininp unp~id 7 day~ aftM
eath wtceeding p~Ymen1 dafe.
E~ch makN, wrety +od endwser hereof, ~ointly a~d savaatly, w~ives demand, presa?tmeM protest ~rti :totia of prot~st fw eanpaymsnt, and furtha
ag.ees to any exten~ion of t~me of payma~t, eitM~ befwe w afte? maturity, without notice to any of us; a~d to p~y all costs of cdlection, includinp ~
reaso~abk attwney i fee in ths ~vent of eny default I~eunde~, and Mreby severally waives all benefit of homeuesd u~d exemptio~ undK the tonstitvlion
and laws of each Sab of tFw U~ited Sfates, as ~psinst this oblgalion w aoy ~xlMSion a renewal ht~sof.
Witnesa th~ 1»nd ~nd ~eal of each party.
. S/ I . F~. ~stridge , III ~
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I S atricia C. str dge ~ ~
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~ii5.so ~ ~ 4
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NOW. THEREFORE. tM MORTGAGOR fw the pwpoH of ucwirq paym«+t of satd swn of i 7?sZ~•~ , and th~ pKforrtwnc~ of th~
cown~~n .nd apr.ama+n Iwr.in~fr.r exp~essed, and for divsrs yood and v~lwbb coeuiderations„ by thes~ presa+ts. do~s yram, barpain, sell. remiss,
releas~, conwy and confirm unlo tl~ MORTGAGEE, its si?cceuora ad aasipns, dl ihal ceruin lof, pisca or pucsl of Isnd, situ~M. (Yi~g. ~nd beir?y in fhe
~a,~,~y ~ St. Lucie uid sr.t. of Florda, da«ib.d ~s fdlows:
That part of the West 221 feet o~' the NF~ of the NW~ of the ~ of Section 29, •
To~anship 35 South, Range lt0 East, lying North 9nd East of Ten Mile Creek;
ALSO, the West 221 feet o£ the South 197.1 feet of the SF}~ of the SW~ of the
Nt~ of Sec.tioit 29= Trnmship 35 South, Range 40 East;
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ALSO, a right of Easement for ingress and egr8ss rnrer the North 20 feet of the !
ST~ of the Si~ of the Nt~ and a strip of land ?0 fest in width lying 10 feet on
each side of the East line of said Sf?~ of S1~ of NW~ of said Sectian 29, Trnmship
3S South, Range !t0 East.
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By agreement of Mortgagor and Mortgagee on file with i
. Mortgagee, the within mortgage secures not only an ~
existing indebtedness, but also ADVANCES to be HERE- ~
AFTER made by Ptortgagee to Mortgagor, the agregate ~
of which will equal the principal amount specified
~ in the promissory note secured hereby.
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~ r N STATE ~F ~LORID~.
~p DOCUMfNTARY . STAMP !l.X ~ • ~IMP~rYtMpf7~p~
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DEPT.
Uf REYE~iilEF:'; ~ - ~ ON pA~ NfTAN61~E
~ n = P B. = SE~ 1 dl'7S y-+': c i~ 5. 8 Q PURSIMKf lrl CEMPiER 71~*IIS~ 1Si
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o=~ n ~ ~ RFRI( CIReIlf T FAURf, ST. YlCIE 00, itA
roqetFwr w~th aN and sagular ths t~n~enn, haeditae~wen ~nd sppwt~nc~s tFwnu~+to b~laginp a? in anywhe +PPerqb~+p tFwNo, and all n~„ h+ws.
proceeds and profin .cwirq .nd to aww from s.id p~, all of whkh ar~ ind~ded fn fhe abow and i+apo:~g daaip8on and h.6endunw
TO HAVE ANDtT~ FpW tM abow describ~d ~nd qwnted pt~mis~s uMO tl+~ said AhORT(;AGEE, iri sVCCessors and a~sipro Eor~vM. /1id th~ s~id
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MORTGAGOR fw hein, executon, adminatr~tor{, and ~ssiyro, hereby oov~nx~» with tM ~aid MORTGAGEE, ha woo~swn ~nd awip~M,
rMr thev-~ are lawfuly seised of th~ arid pnmass in f~e simplet th~t th~ sarn~ an 6~e, dw and disc~arp~d from ~11 li~ns and ~ncwk
br~nces in law a in ~quity, and th~* t'~3~ will snd their ~11 wurant and def~nd tM titb b th~ sarn~ to th~ s~W
MORTGAGEf, in sucusiars and suipro, fawer a~~irut ti» Iswfvl claims and dMUrds of all penorut
~ PROYIDED. ALWAYS that if the MORTGAGOR ahill p~y unto tM MORTGAGEE tM promiarory eot~ Iwr~inb~fon davib~d ~nd ~II tndy, pianpfly
and fully perfwm, d~sch..pe. uecut~ee, con+Pbre. complY wirb and ~id~ by ~ad~ and ~wry the aipular'wiu. ~pre~mu+a, oonditian and oowna+b of s~id
~ prom~ssory note snd of thii Mo.tpaye, then tha Mortya~ and tM Eiat~ her~by aated siwll oNSe and b~ nvll ~nd void.
~ ~ IT IS UNDERSTOOD tlrt tM word "Mortya9or" whether in t!w sinpulu a plvral snyw!*x~ in thia Mwtyape, shall b~ tinp~rlrM if on~ only ~nd
~ ~ shall be plwal jointly and wvewlly if more than on~, and tl+at the wo~d "tF~e'a" u used anyvrlnre in thia Morf~ap~ shall b~ t+k~n to m~~n "hh,,•• •'Mrs,"
~ or "in," wherevu th~ context w bnplies a admin. Abo, tMt whsr~vK then is a nfaenct in tM,cov~nann ~nd pnanents lwein oomairyd to ~ny of
~ i~ the partias hsreto, tM ~are» sh+Il be comtrued ro rn~an as well ~s th~ htirs, Itpd npe~enqtives, wocesson ~rd assipro (ekMr volvntary br act of th~
c,,~ pani~s a imdu~tary by opNation of ttK Iaw) of th~ ~anw u+d that tM oov~nsnts M~ein comained sh+ll bind and tM b~ntiit~ and advantapp Inun
to the resp~ctiw Mira, Ipal ~epre~entatiws, wccessors and ass~ea of tFw parti~s hH~to.
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_ And said Mortppon, fw tF~na~lws and th~ir heirs, le~+l r~pr~s~e?tatiws, wa~sson and assipro. Iwr.by joinfly and sw~r~lly cov~r~nt ~nd pr~e _
~ to and with Nw uid MORTGAGfE, its svcussors a~d usipro: _ ~
~ 1. To psy dl and ~inpol~r th~ principal ~nd intKat and the vuio~n ~nd svndry swns d namY WYabl~ b~r virtue of said promiswry r~~. and tl+ia
mwty+~. ~ uid wary. WomPtly on tM days respadivsly the sarM ~verdly baan~ dw.
2. To pay a!1 ~nd sirgvlar tM tsz~s. auessm~nts. Iwia, li~bititier, oblipatioia and ~ncwnbanai of ~very nawr~ ~rd kind now on said d~aciib~d t
P~oP~Y, a that I~~ahK nwy bs irepowd, suffend. P~+ud. Iwisd. a sa~sssd tMr~on, a that Iwr~aft~r m~r b~ Isvi~d os xsns~d u~pon tl~ia Marp- ~
a th~ tndebt~dness uan~d her~by, tach ~nd ewry, wlwn dw ~nd pay~bl~, aocordinp w law, b~fon ~hey becorn~ dtlb~qwnt, and b~fore any i~n~r~st '
anuhes a any pendry is incwred; AND INSOFAR AS ANY THEREOf IS Of RKOR~ THE SAME SHAII dE PROMATIY SATISf1E~ AND DISCiIARGEO Of ~
~ RECORD AND THE ORIGINAL OFFICIAI DOCUMENI (StKH AS, FOR INSTMKE, THE TAX RKEIPT OR THE SATISfACT10H P/1PER OFFICIALLY ENOORSEO
OR CERTffIE~) SHALL 6E PL/1CE0 IN TME MANDS Of SAIO MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT= and i~ tFw w~t th~t My Nw~of is nof t
paid, sat:sfied a~d dischuQed ia:d MORTGAGEE may at aey time p+y tF~e same a any put thereof witFavt waiviny w affecti~y u~y option, li~n, equity a
.~pht under a by vi~tve oi this monysye and ~he full amouet of each ~nd every sucb payment ~hall be imrnediatdy dw snd pay~bb and sball bsw intK~st
~.om the date thereof until p~id at ~ate of nine per ce~hrm per aniwm ~~d topether w~th wch inte~a~ ~hsll be ~ecured by tht lien of th:s mwytaQ~.
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