HomeMy WebLinkAbout0586 ~at~~.~ 3 ~ ~
THIS INDENTIiRE, Mad~ ,ti. 25th a~y of Septeabes ~.o. 19 75e.,~,.„,
Garol Tolbert, a sinyjo pdult ~
of St. LuC~.@ ~ounfy Flalda, Atr~ie?~fta d~tignated a~ the "MORTGAGOR;' and FIRST FEDERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PtERCE, ~ capor~~~on or~~nized and exiitinp under ths laws of the Un~trd Sta~~i of Ameriu ~~d Mvi~g it~ princip~l pba of
b~~a ln tM City of Fwt Pi~rc~, St. lvci~ Counry, Fiwida, Mrein~fqt d~sipn~ted u tM "MORTGAGEE: '
WHEREAS tM MORTGAGOR is ju~tly indebted ro tM MORTGAGEE in ths sum ot S 22 ~ 5~• ~ good and Iswfut monty of ths Un~fed
St~te~ advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a ce~tai~ prom~uwy note of evsn da~e herew~th, of which tM foilowinp in '
words and fiyvros is a t~w copy, towit: _
= 22.500.00 , r,~, 10021609 ~
fat Pierce, Flaida, Septenber 2$ 1975
for val~e received, I, we w eithe~ of us, promise to pay, without defslcat~on, to the o~der of FIRSi FEUERAt SAVINGS AND LOAN ASSOCIATION Of
fORT PIERCE at Fort Pierce, Florida, Ihe ~um of f-~2 ~ SO~• 00 w;?h interns~ from date at ~he rete of 9• 0% ps~ amum, in rtwn~hly in~tall• ~
menn as follows::203• ~ ~M 2~thrlay NoveaibeY , ~q 75 and a like sum on ti?e corresponding day of each month therr ±
t
afte~ ~ntil the whole be fully paid.
Each installment finl ~hall be appl;ed payment of tha interest and ~hen on the unpaid balance oi the principal a~m. If detavlt ii msde in tMs
paymeM of any installmeM when due, and such defavlt tontinws 30 days, then st the option of tM holder, ~~d w~thou~ any other rat~ce, all the remsininy
~nstsllment~ sFyll ba due and payable at once. Privikye is qiven to prepay thu note in whok w in part at sny tima without penalty. Neither fwebearance,
rw~ accepqnce by the holder thereof aher arty deF~ult in any payments he~eon, shsll be deemed lxtension. A tate peyment cF~arge of 1O_!
~15 shall b~
added b sach installment remaining v~paid 7 days after its dus date, and a like sum shall be added to each such instsllment remaining unpaid 7 day! affer
exh i~cteed'ug payment date.
Each maka, surery and endorse~ hereof, janlly and ievcrally, waives demand, prexntment profest and ratice of protest iw ranpayment, and fur1F~
eg?ees fo a~y extension of time of payment, either before o~ after maturity, without notice fo any of ui; a~d to pay all costs of collection, includi~p ~
reaso~abk attorney'a fee in the eve~t of any default he~eunder, and hereby severally waives all benefit of homes~ead and eaemption under the constitution
and lawt of esth Sta1e of the U~ited States, as against Ihis obligation o~ any extcnsion w renewat Mreof.
Witness the hand and seal of each party.
. slC~?xol Tolbert. a sinqle adul~~
' cse~W
. ~SE/?U
~ $33.7S ~ $tste Revenw ~ ~U
ew~e.Med a+ abkwl-nele)
NOW, THEREFORE, the MORTGAGOR fw the pu~pose of securi 22 ~ SOO~ ~Q
ng payment of said sum of i and the performance of tl+~
covenanb and sgreements hereinsiter expressed, and fu dive~s good ~nd vatu~bls consideratiOOS, by fhese presents, does qr~nt, ~ bar9sin, tell, rcmise,
release, convey and confi~m unro the MORTGAGEE, its tuccessors and aui9ns all that certain lot, piece w pucel of land, situate, lyi~g, and beiny in fM
~~~y o{ _ St . Lucie , and State of Florida, desvibed as follows: -
t
'rhe North 45 feet of Lot 12 and all of Lot 11, Block 6, WILBUWB SUBDIVISION, as per
p2at ~thereof on file in Plat Book 6, Page 24, Public recoYds of St. Lucie County,
Flozida,
By agreement of Mortgagor and Mortgagee on file with
Mortgagee, the within mortgage secuYes not only an
existing indebtedness, but also ADVANCBS to be HERB-
AFTBR made by Mortgagee to Mortgagor, the aggregate
of which will equal the principal a?aount specified
in the promissory note secuzed hereby.
STAT~ ~LOP~L~. -
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VU~_~l~~~i!i r{~ JT~~1~?'
~Z ~ :~f ?EYEKUr ~ a , DIE ~N C~Mi ~C N MriO~lf OF TJI~S
~ - ~ SEF26'75 Y''~=~ ~ 3. ~ 5 A~~ ~ ~A ~ M~PERTY'
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; together with ~II and si.~gul~r the tenemen», hereditaments and ~ppurtsnces ih~reumo belongi~g or in snywite ~ppertainirg thert~o, and ~II nnts, tuws,
~ proceed~ u,d profin scvu~ng and to scuue from said prem'~ses, all of which ate included in the abov~ and fw~yoing dauiption and Mbendum.
i TO HAVE AND TO HOID tF~e sbove dewibed aiv! ynnted premises unto the said MORTGAGEE, in successws and ui~qra forever. Md th~ wW
MORTGAGOR for heirs, e:ecutwt, +dministrators and ass'yns, here
' their ~y by covenanb with tix ssid MORTGAGEE, its s~rccestws and astipi»,
j t~,t - they are ~~„„fully seized of the iaid prem~ses in fe~ simple; that the ssme are free, ckar ~nd discFwryed from all liero and ~ncu~?
brances in law w in equity, snd that thQy will ~nd their heirs shall warrant ~nd defend•the titk to the sarrw to tM said
~ MORTGAGEE, in successors and auiyro, faever ~gainst the lawfvl claims and denunds of sll persons;
PROVIDED, AlWAYS ti+at if the MORTGAGOR shall pay unto the MORTGACsEE the promiuory note hereinbefwe described ~nd shall tnrly, promplly
and fully perfam, discMrge, execute, compkte, comply with ar?d abide by esch ~nd every tM stipulations, ~greemenb, conditiora and aov~nb of said
prom+uory note u+d of this JNortgspe, then this Morrgage and the Estate hereby veated ~hall ce~ie and be null ~nd void.
IT IS UNDERSTOOD fhat the wwd "1Nortgagor" whether in the sirgular a plursl ~nywhsre in this Mortpsye, slull be siryvler if on~ only ~nd
sha~l be plur~l 'pintly and sever~lly if mwe thsn one, and that the wwd "their" as ~ned snywhere in this Mort9ays shsll be taken to meM "his:' "h~rs;'o
or "iri;' wherever the context w implies or admifs. Also, that wherever there is a?~ference i~ the toven~nts and apreemenri herein tont~ln~d to any of~~
the panies hereto, the s~me shall be constrved to mean as well ss the heirs, 1e9a1 r~esentatives, successon ~nd astgm (either voluMary by act of the~
psrties or .invdunrary by opentan of the law) o( the same snd that the covenants herein corrtained sMll bind and the benefin and adv~nt~pes inw~
to the respective heirs, le~al reprexntatives, successors and au~qns of the psrfies hereto. ~
` Md ~aid Mortgagors, fo~ thcroselves ar~d their heNS, legal representatives, successon ~nd auiyns, iroreby jointly and sevasily cov~nant and ~pne~
to and with tF~e iaid MORTGAGEE, in successon and suigns: ~
' 1. To p~y all and impul~r the principal and inrerest.and the various and su~dry wms of money pay~We by vinue of said prom;;-ory note. ~nd thi~ ~
! morty~pe, e+ch and every, promptly on the dayi raped~vely the same s~verally becorrw due. _ ~
2. To p~y dl ~nd sinpulu the u:es, aisessmentt. Ievies, liabilities, obliystiom and encumbrances of every n~tur~ and kind now o~ said dacrib~d~
; properry, a tiNt Fxre~hei may be imposed, wNered. Plac~d, levied, w asseued ther~on, o~ tMt he~e~he~ may b~ kvied a usesssd epon this Morr¢
f or th~ indebted~eu sccur~d hereby exh snd ewry. when due and pay~ble, accordin~ ro iaw, befo?e they becorrs d~finq~ent, and b~fon any im~rat~
attathes w uryr penalty is incurred; AND INSOFAR AS ANY THEREOf ~5 OF RKOR~ THE SAME SHAII BE PROMPTtY SATISflEO ANp DISCFWtGEp Of~
RECORD AN~ TME ORiGINAI OFfIC1Al DOCUMENT (StJCH A5, FOR INSTANCE, iHE TAX RECEIP~ OR THE SATISFACTION PAPER OFFICIALIY ENDORSED
OR CERTIFIED) SHAIL BE PIACED IN THE HAN~S OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER VAY141ENT; and in the ewnt that ~m thar~oi is not
paid, sat"sfied and discharged sa:d MORTGAGEE may at any time pay the s~me or any part Ihereof withovt waiving o~ aficctiny ~ny option, lien, eqtiity a
•roht vnder or by virtue of this mortgage and the full amo~nt of esch and evciy such p~yment shall be immediately dve and payabk ~nd sMll beai int~?eat
~rom the date thereof until paid at rate of n~ne per centum per annum and toyether w;th such interesr ihall be secured by the lie~ of th:s moryta~e.
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