HomeMy WebLinkAbout0590 :~:~~~a s ~ ~ ~
1HIS {NDENTURE, M~ th~ 2~L~1 ~y of ~ Septe~aber A0. 191~.._.,, betwaen
Sanuel Lane and RIQr~ Pearl Lane~ hi~ ~t3fs
of $.'t. j,.11C~4 . Counly Florida. hN~i~uttK dstig~+ted as the "MORTGAGUR;' awd fIRS~ fEDERAI SAVNiGS AND tOAN
ASSOCIATION OF FORT VIERCE. • cwporation ary~~nized u+d ~x~~~in~ vndN tM laws o~ 1he Uni~ed S~a~~s of Americ~ a~+d havlnp iq principsi plm of
busir»s~ in tM City of Fort Pi~a, St. [uci~ County, Flaida. Mrdnaft~~ d~~pr?as~d ~s ~h~ "MORiGAGEE:'
WHEREAS tM MORTGAGOR b ~u~tly irwkbtad to ths MQRTGAGEE in ths wm of S-~-s~~-?~fl--------. 9ooc~ and lawful monsy oi the lln:teQ
States advanced by ths MORTGAGEE unto ths MORiGAGOR, es evide~ced by a cer?a~n p~omiuoiy ~o~e of wven date iKr~H~th, of which ~M iollowiny tn
wo~ds ai?d figu~Oes~it a trw copy, to-wit: ~,y~~Q~2j60a
:23,500.
f,~, P;«c~, f~«,d,. Septeeaber 25 ~9_Z~
Fw va~ue raceived, 1, we d either of us, promise to pay, without defalcation, to 1he o~de~ of FIRST FCDEFAI SAW11v5 ANR IOAN ASSOCIATlQN OF
FORT PIERCE at fort Pierce, Fbrid~, the sum of = 23.
SQ~-~Q wnh interet~ irom date at the rate of ~~Q a.o per ~nnum, in mo~fhly ir~ull-
ments +s fo!lowa: s 212 • 00 on the ~~L.. day of November 19_2~ ind a like sum on +he curespond~ng d~y of eech month therr
after u~til the whok be futly paid.
Each insrallrnent first shall be appl~ed ia payment o{ ~M interest end thcn on the unpa:d bafance of the pr~Rc~pa1 wm, ti'• defavlt is made in th~
payment of any installmcnt whe~ due, and such def~u:t tantinuei 30 days, then st the option of ttw ho=dcr, and withour any othcr not:ce, all the remainirq
~nssallmenss sh~{{ be dua snd p~yable at once. Privite~s is given to prepay this ~ofe in whole or in part st any time wi~hout pcnalty. Neither fwebearuxe,
nw acceptance by ehe hoidee thereof ~iter any defavN in any payments hcreon, sfiail be deemed exten~~on. A iate payment ~arge of =~.U~Q shdl be
added lo each ins~allment ~em~inirg unpsid ~ days after iri due date, ~nd • like sum shall br added to eech such inatailment remaining unpaid 7 days ahtr
each ~ucceedi~g paYmenl date.
Each maker, surety and endaser fiereof, jointiy a~d ieveraliy, waives demand, presentmer~t protest and notice of protest fa nonpaY~+1, ~nd funfwr
ag?ees to sny a:tension of tima of psyment, eithe~ befwe a after maturity, withou~ notKe to any of us; a~d to pay all costs of cotleclion, 'sndud+ng s
ressonabk attorney i fee in the erent of any default hereunde~, and hereby ssverally weives all beneiit of homestead and exemption under the ca~stltufion
and Iaws of each State of the United States, as aga~nst this ohliyation or ~ny extension w rerxw+l hereof.
Witness rht Mnd and seal of e~ch party. ~
_ , s/ Samuel I.ane ~W
" csen~)
s/ Rlora Pearl Lane ~wU
(5~?U
t ~ ~ ~ - ~ S ~ st,» Rev~+,w
(6tr~p? sawwNeJ ow ar~iQinal-rw4) s
NOW, THEREFORE, the MORTGAGOR for ths purpose of tecuring payment of said sum of S 23 _ 50~.~ and the petformanca of th!
coverunts and ag~eemenn hereinaiter expreucd, and for d~vers good snd vslwbta consideraYwns, by these presents, does gront, har9ain, selt, ~emiie,
release, convey and confirm unto 1M MOkiGAGEE, ib tuccessoa and aui~ns, ell that certain bt, piece w parcel of land, situate, lying, and ba'u++~ i~ tM
~a,~~ St. Lt1C1P_ and Stat~ of Fbrida, dewibed a fo~lows:
~
Lot 6, Block l, WILRUWB SUBDIVISION, according to the plat thereof
recorded in Plat Book 6, page 24, of the Public Re ord of St. Lucie
County, Florida,
~ ALSO THE FOLlA~1ING DESCRIBED PROPERTY;
J~~ Reginning at the northeast corner of Lot 6, Block 1 of WILBUWE S[~- ~
DIVISION as recorded in Plat Book 6 at page 2a; thence run east 30 ~
_ f^`,3~~ feet to a point; thence run south parallel to the east line of said 2 ~
~-:~Z i Lot 6 to the road right of way; thence south~resterly along said right ~
of way 36.81 feet, more or less, to the southeast corner of said
! ~
,
Lot 6; thence north along th~ east line of said Lo~ 6 to tho point of
. - ~ ~ Beginning. ' ~ Q
rl'_= ~ v~~~ C
~ : ~o z
r
~~r-~ By agreement of Mortgagor and Mortgagee on file ~vith ~ ~
Mortgagee, the within mortgage secures not only an
= 3 1 ~
T; existing indebtedness, but also ADVANCBS to be HBRE- ~ ~
. 'J AFT6R made by Mortgagee to Mortgagor, the aggregate
`
of ~rhich rrill equal the principal amount specified
_ in the promissory note secured hereby. t,~~
toyefhe~ with all s~d singular tht te~ement~. hered'itaments and •ppuctsnces fherwnto b~longing or in s:>>rvviie appertaininy tfier~to, and ~li re~ri, issues,
proceeds and profits xcruing ar?d to scuue from said premixs, sll of whicfi an included in the sbove and foregarg description and Mabendwn.
TO NAVE AND TO HOID th~ abow described and yranted premiaea unto ths said MORTGAGEE, ib successors and auipns fortva. Md the said
MORTGAGOR ior thel= hein, executws, sdministrators and assign~, hereby covenann with the said MORTGAGEE, its s~aessors ~nd +a1pn.
tfiat they~ are ~~,~uity seaed of the said premises in fte i~mple; tlwt ths u.Te a~e fr~e, clear and discharped from dl liens ~d ~ncun~
brances i~ law or in equiry, ~nd thst theY will and their heirt shsll wsrr~nt and defend IM title fo tht aam~ ro tM saW
MORTGAGEE, its succeuors a~d ~uigns, forever sgainst the lawf~l claims and demands of all persons;
PitOVIDED, AlWAYS that if the MQRTGAGpR shall p~y uNO the MORTGAGEE the prom'wwy note hereinbefwe de~cribed u+d shalf trvh. M~P~~Y
and (uNy periwm, diufisrge, execute, compkt~, comply with snd ~b'~de by each and every the stipulatiau, sgreemenfs, condirions ~nd covenanb of s~id
promiswry note and of this Mwtgage, the~ this AAorty+ge and the Estate hereby ueated shaU cease a~d be null a~d vo~d.
11 IS UNOER5T00~ that tFw word "Mwty~yor" whetF~er in the singular w plural ~nywher~ in this Mortgsge, ~hall be sirqulat if oae oe?ly and
sfisff be pluraf jointly ~nd wvenlly if mor~ th+n one, and tMt the word "their" as used anywhere in this Mortp~ge ahall be taken to mean "his." "Mn," ~C
or "in:' wherever the contezt w implies a adm7ts. Also, that wherever there is a re4erence in the coven+nri and sqreementi herein oontained to ~ny of p
the panies heroto, the ~ame tMll be cons?rued to mean as well ss tF~e heirs, leysl r~preseM~tive~, successors a~d suiyns (eifher voluntary by acf of the
penies w involu~ury by operatia+ of tl,e law) of the ssme snd ~ha~~ ~he covenan~s herein contained shall bind ard the be~efiri and ~dwnts~a inur~ ~w
ro the respective F?ein, kyal repre~entatives, succeisors u+d ~u~~ns of the parties hereto.
Md said MwtgaQon, fw themselves ~nd their heirs, lepal representativn, uxceasa~ and auigns, hereby jointly and wverally oovenant and pne ~
to and with the said MORTGAGEE, in svccessors and auigro:
1. To pay ~11 ~nd sirgulu the princip~l +nd interest snd the vsr'~ws snd sundry wms of ma~ey paya'ble by virtu~ of said promiswry note, and thi~ ~
mang~e. ~ach ~nd every, promptly on the days respectively tl~e sune sev~rally become dve.
2. To paY all snd sirgul~r the t~aes, aitessmenb, kvies, li~bilities, obliy~tiora and encvmbr~nces of every n+tws and kind now on said d~wibd
prop~rty or that here~fte~ m~y b~ impoxd, suNer~d, p{+ced, kvied, or ~ss~ssed tAcraon, a th~t hereafter may bs kvied a as~ssed upon thii Ma1~ ~
sfle, w tlw indebtedneu aecwed hereby, each and way, when due ~nd payable, accordinp to law, be(w~ th~y' 6ecomt delioquent, and b~for~ W+y iMMnt
ettaches or ~ny penaly is incurrcd; AND INSOfAR AS ANY THEREOF IS OF RKORO THE SAME SHAII 8E PROMPiIY SAi15f1ED AN~ DISCHARGED OF O
RECORO AND TME ORIGINAI OfFICIAL OOCUNIENT (SUCH AS, fOR lNSTANCE, THE TAX RECEIYI Ott THE SATISFACTtON PAPER OfFIt1ALLY ENDORSED
OR CERi1F1ED) SHALL BE PIACED IN THE HAN~S OF SAID MORTGAGEE WITHIN 1EN DAYS NEXT AFTER PAYMENT; and in ths event that ~ny ther~of is twt
paid, ul:sfied ~~d disch~rged ss:d MORTGAGEE may ~t any time pay the same or ~ny part thereof without waiving w affecting any option, lien, equity w
.iph1 under.or by virrue of this morlgage and the fvll amovnf of.each and every such payment sh~ll be immediately due a~d payabk ~nd sF~all bear in1Np1
~rom the date thereof until paid at rate of nine per centum per annum and toyether w~th such inrerest sfiall be xcured by Ihe lien o( th'~ moryt~s.
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