HomeMy WebLinkAbout1035 ' CORR~CTIVB NDRTGAGB ~
318118
?HIS INDENTURE. Md~ th• 26th d,y ~ August ~ .~.o. i9_~S„ b.nw.«+
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San•Teh Liu. a sinale adult and H. H~ Chiu Liu. a sinale adult
of St. Ll1C~Q , Counlr Flaida; MniMftM daiqn+ted +s th~ "MORTGAGOR." and FIRST FEDER/LL SAVINGS APW IOAN
ASSOCIAiION OF FORT PIERCE, a aapa~tion o~y~nis~d ~i+d ~xisrinp w~d~? tM laws of tM Uoit~d S~~~h of Arn~iu a+d h~vinp hs pindpal pl~a of ;
busin~s~ b tM Gty d fort Piwa. St. lud~ Couaty. flodd~. Iw~*in+f»? dMlOnat~d a th~ "MORTGAGEE." - t
WHEREAS th~ MORTGAGOR b ~usty ind~bt~d w tl+~ MORTGAGEE in tM sum of : 12 ~ 800.0~ lave{vl mon~y of tM Unitee!
Stat~s sdv~nad by ths MORTGAGEE unto tM MORTGAGOR, sa ~vid~~ced by ~ caru~o pra+?isswp no~e of even dat~ Mr~with, of wAich th~ fdbwinp in
worda ~e~d fipw~s it • trw copy, to-wi1:
. 10021545
= 12,800 00 ~ P~. F~~. pugust 26 ~ ~y 75
for vatue nceiwd, 1, vw or sHhe? of ~s, promif~ ro pay, without d~falcation, to the wdsr of fIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF
FORT PIERCE at Fort Pierc~, Florida, the sum of s 12 , 8~0. ~ with intereat from date at the nte of 9• pa aro+um. i~ ma+thty Latall-
menn u follows: ~ 123. ~O on th~ 2~th d+y of October , 19 75 and a Itke sum on tM corrapa~d~ny d+y of ~ach ma?th tMrr
af~et until tM whol~ be fully paid.
Esch imtallment fNSt shall b~ spplied in payment of iM interest snd ~hen on the unpaid b~l+nce of the p?inc~psl sum. If defeuh is m+d~ in tM
paYm~nt of sny trotallmeM when due, and wch defavh continue~ 30 days, lben ~t ths option of tM holder. ~nd without any wher notice. all ~M r~maininp
installm~at; shaq bs dut aod psy~blt at arct. Privilp~ ts piwn to pnp+y this ~wt~ k? whob or in pan +t u?y tim~ w~thovt pen~lty. NeitMr for~b~araon,
noe aarpf~ac~ by th~ holdK tlwreof after sny defauh In sny p~ymenb hereon. shall bt deert~ed exte~wien. A tate paYma+t ch+~ of ~:a~2~ shdl b~
sdded ro sach imtatlnn~M remainirg unp~id 7 dsys aft~r ib dw date, ~nd ~ tike swn shall be eddec! to esch u?ch ins~allment ramainlnq unp~W 7 d~yt aher
e~ch sutc~adiop p~yment deta
Each m+ker. wrety ~nd endorser her~of, jointly ~od severally, w~iws dem~nd, p?eser?tmer?t protest and ratice of protest fa ranpaYmtnt, ~nd furtMr
agr~es ro ~ny act~nsion of time of paymant, either befor~ or afta maturity, without f10?IC~ to any of u;; . and to pay ~II o~b of oollectan, includinp a
ressonsbk attwney i fes Iri the went of u~y def~ult hereunda, and hereby severally waives sll ber?efit of homestead and exemption u~der the conititution
and Iaws of each State of th~ United Sates, as sysirut this obliyation or u~y extensan w r~~ewal hereof.
Witness tht ha~d and seat of each puty. r
r,, _ s/San-Teh tiu, w~~ale adult ~
. cs~?U
a/H. N. Chiu Liu. a sinQle adukt•,~
(s~?U
r ~ saro eewnu.
(~rwnpr a.no~N.d ar eApAn.~~+ew) ~
NOW, THEREfORE, ths lNORTGAGOR fa tFw purpo~e of secvrirg p~ymem of aid wm of s 12 •BO~• ~ . and tM Pufam+nu of th~
cowna~b and syreemN+b htrein+fter ezpressed. ~nd fw divers yood a~d v~l~?sbl~ co~sideratiorn by tMs~ preseots, does Qr~nt, barp~in, s~ll, rsmis~.
releas~, oonvty and confirm unro tM MORTGAGEE. its wocessors and utipns, eU th~t aertain b4 piat~ or parcel of I~nd, sitw», tyinp, and beirg in ilr
~ S~ . LlIC? ~ ~r.d Stata of F13r+d+. dssuib:~d as fa!laws:
Lot 10, Block 9, RBPLAT OF PALM GARDBNS, a subdivision as peY plat thereof on
file in Plat Book 12, Page 42, of the Public Recozds of St. Lucie County, Florida,
By agYeeaent of Mortgagor and MoXtgagee on f ile with
MoYtgagee, the frithin mortgage secures not only an
\ existing indebtedness, but also ADVANC6S to be HERE-
AFTER ~ade by Mortgagee to Mortgagor, the aggregate
~i of which aill equal the principal aaount specified
~ in the promissory note secwced hereby.?
~ ~ ?his corrective nortgage is executed and recorded in replace-
~ ment of that certain noYtgage which appears of record in O.R.
C ~ Book 243, page 415, public records of St. Lucie County, RloYida,
! G foz the purpose of including the rights, title and interest of
~ ~ H. H. Chiu Liu, and upon ahich~Intangible tax has been paid a$--- •
` evidenced by receipt No.427634. / ~a~~~l~t~~
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" ~ ~a ~ 71•1y1. ILiS :6 19/l~J,~l?
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royHlw~ with all and sinyulu ttw tenenwnn. Mr~ditameMS ~nd sppwtu~ces tMreumo b~lagag a~ ln anyvviN apperbinirg tiwNO, and ~ii nnn, IssvM.
proueds and profin xaui~g ~nd to accrve from said premises, all of whid~ ar~ incNidad in th~ ~bova and forpoinp desviption ~nd iMb~ndum.
TO HAVE AN TO.HOID tM ~bow desuibsd ud y~annd pr~+nifes v~to ths ~aid MORTGAGEF, its woussors and usipm forswr. Md th~ aId
- ~heir
MORTGA~QR for FKin. ~xecutors, administwtws aod auipm, hereby oov~nann with th~ said MORTGAGEE, its wocaw~s M+d awipn~„
zney are
~ rhat lawfuly ~eiud of the said pnmb~a in fs~ wnpb: thst tM sam~ u~ frN, cku ~nd disc~ryed fran ail I1M+a and ~
b~nus in law or in eq~ity, and th~t they will and the1Z ~~11 wuram ~rd def~nd tM titl~ to the s+m~ to th~ wW
~ MORTCsAGEE, its s~xtessws and augro, forevsr ay~irut tM lawful claiem u+d demands of sll pKwrnt
~ PROVIDE~, ALWAYS th~t if th~ MORTGAGOR ihal! pay unto tM MORTGACsEE the promissory not~ lwrsiebefor~ desaib~d ~nd sh~l) NuN. promptly
•nd fully p~rform, diuM~ye. ~aewt~, oomplN~. complY with trd ~bide by ~ach ard ~very the stipubNo~?s. +prc+rnenh, conditloti and oov~ants of said
promissory not~ ~nd of this 1Nortpspe, then this N1ort~ap~ and tM 6t~te her~by wat~d sh+ll ceate and b~ null and void.
~ IT IS UNDERSTOOD th~t tFw word "Monpayor" wheriwr in tF+e sirqul~r or ptwal anywhen in this Mortyspt, shall b~ skpular if on~ only and asp
~ sFutl be plwat joimly and ~ev~rally if mon than on~. ~nd tMt tF~e wwd "theY' ~s us~d snywlrr~ in this Maf~ sh+ll be t~ka~ to mean "1~„" "h~n,° ~
or "its," wha~ver t!w canteat so implws a~dmits. Alw, that wl»rewr ther~ h a refa~nce in th~ covsn~nri and apreem~nts INnin aom~n~d to anp of ae~
~ tM puties hsreto, the sam~ shall be caanued to rn~an as w~ll as the h~in, lyal rprestnqtives, svccssfors ~nd assigro (sitFwr voluroary by ~ct of th~ ~
partip or involuntary b~r op~ration of ths law) of th~ sam~ and ~hat the covaunts herein oont~ined sh+ll bind.a~d tM ba»fits ~nd adva~tap~s trwr~
~ ~o th~ r~sp~c~iw hsin. Ip+l represem~tives, waeswn and us~ns of th~ parti~s hasto. ~
Md said Allortyapors, for thsm~elvas wd tMir h~irs, byal reprss~ntatives, woceitors and ~ssipns, hereby jointly ~nd uvaally tovanaat and apnt ~
~ ro a+d with tM wid MORiGAGEE, in woc~sso?s and augns:
1. To psy ~II and sinpular tlw p.~rwpat ~nd imaest srd tFw v~rious ~nd sur~y wms of moneY WYablt by virtw of said promis~wy noM, s~+d t!~ ~
~ mortyap~. ~+ch and wKy, promptly on tht days rapettiwly tiw sam~ swtrally batan~ dw. ~
2. To p+r all a~d sinpvt~r tM tucu, u~w~nfs. Iwies, ti~biliY»s, oblip~tiom and encumbrae~us of ~vsry natur~ and kind ~ww on wid ~
prop~rty, w thN h~e~h~r m~y b~ impasd wffa~d. P~aa~ Iwkd. a ssseswd therwn, a th~t herwh~r m~y b~ levi~d a~awd epon tM~~„+n~
sp~, w tFN Md~bf~dnsN Ncwed her~bp. fath ~nd wuy, whtA dw and pay~bl~, saord'wq W law, btfon they beoonN dtlk~qwiM. Md b~fon any
~ttacMs w a+y p~nahy is i~cw~ed; ANO INSOfAR AS ANY THEREOf IS OF RKORO THE SAME SHALL dE PRONIPTIY SATISf1E~ ANO DISCMARGfD Of
RKORD AND THE ORIGINAI OffICIAI DOCUNIENT (StKH AS, fOR INSTANCE, 1HE TAX RKEIPT OR ?HE SATISFACTION PAPER OFFKIAIIY ENOORSE~
OR CERTIfIED) SNAII 6E PLACE~ IN THE•HANDS OF SAID MORTGAGEE WITHIN 7EN OAYS NEXT AFTER PAYMENTj and in tM weM th~t any thnwf ir nof
• psid, sat:sfied and dixharged tatd MORTGAGEE may st ~ny t~me pay tM ~ame or any paA thereof without w+ivinp w affectinp u+y option, (i~n, equity a
' •tpht under o~ by virtw of tF.is matyaye and tF~e full amo~~t of each a~d wery wch payment shatl b~ immediately dw ~nd psyabl~ u~d shall b~ar iMKa~
~rom the d~t~ therwf until psid at r~te of nine pa centum pe~ annum and toqethe~ w~tF~ wch interest sh~ll be secured by the lien of th:s mw9t~.
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