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HomeMy WebLinkAbout0738 31~918 1HIS INOENTURE, Mad~ the 24th day of _ ~ptg~eY A.D. 19 7S~ b~twNn Willia~ O. Wriaht Jr. and Patricia T. 10~eit~ht, his wif~•~• of St • LLIC~@ C~ty Flo~id~, M~~inaftK daignated a~ the "MORTGAGpR," ~nd FIRST FEDERA~ SAVINGS AND IOAN ASSOGIATION Of FORT PIEQ~E, • cnrpo.ation pQanF~ed ond ex~tting vnda tM lav~rt of the Unitcd S~at~s o! Ama~ics arsd havinp tts prirtcipal plau of businta in 1M Citp of Forl PiKC~, St. lucl~ Cou~ty, florida, heninaftK dssy~nattd ss tM "MORTGAGEE:' WHEREAS tM MOlTGAGOR is j~stly indtbtad to ths MORTGACsEE in the sum of ~ 13 +~0 good and t~wiul money of thc United State~ advai+ced by tlw MORTGAGEE u~to the MORTGAGOR, ~s evidenced by e certain promissory note of even date he~swith, of whlch the folbwinp in words ~nd f' urst is • trw copy, to-wit: = 13,00~.00 ' ~ 10021605 r~o.~ viNC.. Fro.~d~. Septesber ~v for vai~e rsceived, 1, ws a either of ui, promise to pay, without defalcae~o~, to the o~der of FIRST FEDERAt SAVINGS AND LOAN ASSOCIATION OF fORT PIERCE ~t Fo?t Pierce, Florida, ~he sum of 13 0O w;th interest from date at the rate of _ 9• "7`o per annum, in monthly instsl4 ments at follows: S 132 on tM day of Navember 19_~ like sum on the caresponding day of exh moruh thrrt- after until tFx whole be fvlly paid. Eath inslallme~t lirst th~ll be applied in payment of the interest and then on the unpaid balance of the principsl sum. If default it msde in fhe payment of any installment when due, and such deisuh continues 30 d~ys, then at the op~ion of ~he holder, and without any other notice, all ~he remai~in~ instal~menri ihall be due and payable at oote. Privilege is given to prepay this note in whole Or i~ pa?t at any time without penalfy. Neither ~orebearanta, nor scceptsnce by the holder thereof after any default in any paymeny hereen, shall be deemed eatension. A late paymmf cMrge of S 6• 6~ shall b~ added to each installment ~emainirg unpaid 7 days affer ib du~ dste, and ~ like sum shall be added to each such installment remainiru~ unpaid 7 days !ftq each wcceedirg paymem dare. E~ch maker, surety and enda:er hereof, jointly and severslly, waive~ demand, prexmment protest a~d notice of p~orest fw nonpaymenf, and furtha egraes to any extension of time of payment, either before or after maturity, without nc~t:~~ tn any ~f t.~; and t~a ~y al! cc}ey ef ra!lecs~, E^t~.~3srtQ a reasonsble atto~ney's fee in the event of any default hereunder, and hereby severalty waives atl benefit of homes~ead and exemption u~der tF+e cantitufion and I~ws of each Sqte of ths United States, as against this obligstlon a any extension w renewa~ hereof. Witness the hand and seal of each psrty. . ~ , s/willia~ O. Mlright Jr. ~ (sEwU s/Patricia T~ Wright ~ ~ $19. 50 ~ Stata Revenve lEA~n~Prc~nuila~ en-er7~~u1 w~re! . . NOW, THEREFORE, ths MORTGAGOR for the r 13 ~ 0~ pu pose of secvring payment of said sum of = and ths performs~cs of th~ covenanp and agreemenb hereinafte~ expreued. and fw diven yood and wlwbk consideratans, by tl?ese presents, does gr~nt, bar~ain, sell, remise, releass, convey and confirm unb the MORTGAGEE, its succeuors ~~d aaigns, all that tertain lot, piece p putel of land, sitvate, lyiny, and beinp in th~ ~~ty St. Lucie and Sate of Florida, describ~d follows: ~ ~ Lot il, Block 1, AMX ANNA SUBDIV2SDDN, accorcling ta the Plat thereof recoYded in Plat Book 4, Page 72, Public Records of St. Lucie County, Rlor ia,, By agreeaent of Mortgagor and MoYtgagee on f ile with Mortgagee, the within ~ortgage secures not only an existing indebtedness, but also ADVANCBS to be HBR&~ ART6R aade by Mortgagee to Mortgagor, the aggregate of which will equal the principa 1 aaount specified in the promissory note secured hereby. ~ STATE F~GR;~fi~ ~ ~X M DOCUMEN7ARY.::'~`::_. $Tl+r1A:' ' l1 t ~ ~ ~ IN P11YMEiR OF TAXES i N v_~~.. of ;~£~c~,tf ~:=i _ _ ~ ouE aN anx ~r ~uwe~ ~ na~n, ~t ; _ = sEP ~o•~s ' 1 9. 5 0 i ' ~rwr ro awrfR n•i~, ~crs aF iyn. ea. ~ / t o = :i+o2 ' ' ~ ~ . i CIH~II CIRCVIT ~~i A• 111C1E 1~ FL~ ~ i f ~ B € ~o~ethir with ~ll and singutar the tenemena, hereditaments +nd appvrtances thereu~to belonging or in anywise ~ppertainirg flxrefo, and all r~nt~, hsws, ~ Prxe.ds .nd prof~n acuuirg ~~d ~o sccnie from said premises, sll of which ~re included in the abov~ and fon9oir~y dacription ~nd h~bend~xn. TO HAVE AND TO HOW the above desvibed ~nd yranted premi~es unto the ~aid MORTGAGEE, ib succeswrt and assiyru fwsver. Md th~ s~W their ~ MORTG~I~QR_fo~re - heirs, executon, sdminutnton and suigns, hereby covensnts with tF?e ssid MORTGAGEE, its waeuors and ~saipn, ~aaCy F rhat lawfully seized of th~ said premi~es in fee simple; that the wm~ ue frN, cl~ar and disclwrped from ~II liaa and ~ ~ brences in law a in equity, and tha~ they wil~ snd their heirs shall wsrrsnt ~nd defend th~ ti~le to the wen~ to th~ said s MORTGAGEE, itt successors ~nd usign~, faever painst the lawful claims and demsnds of all perw~s; : PROVIDED, ALWAYS thst if the MORTGAGOR shall p~y unto the MORTGAGEE Ih~ promiuwy note hereinbefw~ described and ihall trvty, promptlp ' and fully perfwm, diaharge, execvte, compkte, camply wiri~ ~nd abide by each ~nd every the stipula~ions, ayreements, cond;tions and covsnany of s~id ~ promiuwy rote ~nd o4 this Mwtgaye, then fhis llAort9sye and the Estste hereby ne~ted ~hS11 cease and be ~ull and v~oid, i IT IS UNOERSTOOD that the word "Matgsgor" whether in the iingutar a plwal anywhere (n this Mortgape, ihall be sinpulu if on~ onty and vsp } sh~ll be plwd joimly ~nd ~everally if mo?e tFun o~s, and thst tM word "their" as used snywhere in this Mortpepe ihall be t~ken to mean "h'n,•• ^h~rs,•• o a'its;' whe~aver the context w implies a admits. Also, that wherever there is a reference in the corena~b u~d preemenri herein oontainad to any of ' rhe parties hereto, the ume thdl be conitrued to mean as well as the heirt, leyal rep~esentatives, uxceswra and assip~u teitMer volv~tuy bp act of th~ ~ iu parties or involuntary by op~ration of the law) of the s~me and that the cavenants herein contsined shall bind ~nd the b~nefits ~nd dv~ntay~a inur~ ~ ~ to the respective heirs, Ip~l represent~tives, successws M+d au°gns of the partie~ hereto. ~ F Md said Mortg~yws, fa themselves arw! ti+ei? hein, le9al representatives, wccesson ~nd assiy~, hereby 'pintty and sever~lly coven~nt and apne 3 to ~nd with the s~id MORTGAGEE, in successon snd sssiyns; i ` 1. To - ~ P+y ,n .~d ~~~t.. P.~~~~i snd interest a~d the vsrio~s and su~dry wms of money p~yablt by virtw oi said promiswry noh, u~d thi~ 9 rnatyape, tach and wery, promptly on tik days respectively the s~me sewrally becorn~ dw. ~ 2. To pay ~II and sagvlar th~ bxes. ~siessments. I~vies, lisbilities, oblig~tioen ~nd eocumbrances' of every nNVre and kind now on said dnaib~d ProperfY, a tMt he~~after may b~ impossd, wffered, P~+ced, kvied, w ~s~essed thena+, w th~t hsreafter may b~ kvied a as~es~ed upon thit ' ay~, a tFw i~d~btsdneu ~ecwed hereby, each and wery, wMn due ~rw! p~yable, accwdirg to law, b~fae they becorM ddinq~ent, and b~fon u~y iM~i~i ~ ~ snathes or am penslty is irxvrred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SMAII 3E PROAAPTIY SATISFIED AND DISCHARGEO OF ? RECORD AND TME ORIGINAI OFFIGIAt DOCUMENT (SUCH A5, fOR INSTANCE, iHE TAX RKEIPT OR THE SATISFACTION P/1PER OFfIC1ALlY ENDORSEp ~ = OR CERTIFIED) SHAtI BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIN !EN DAYS NEXT AfTER PAYMENi; and in the wtnt thaf ~Mr tF~~of is no1 aid, s~t:~fied and dischar } P ged ss:d MORTGAGEE may at any time pay the same ot •ny pan ~he.eof without waiving u affectinp u?y optan, lien, equify p ~ ~iQht under a by virtue of this mortyage and the full smount of each and every such psyment sMll be immed~ately due snd payable and shall btar interqt ' c kom the d~te thereof until pa~d st rate of n~ne per centum per annum ~nd together wah soch interest shal{ be secured by the lien of th:s morptape, t ~ ~ z- _ - - - - ,7, -r~~ ,~-~-~~r ~ ~ ~ _ . . ~ . ..~-,.a-~ , _ _ ~ 4s :