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Home My WebLink About1037 ~ 3~8119 - ~ ~ THIS INDENIURE, Mad~ th~ 3~h day of September •A.~ 19 75 Gerald R. Adams and Sandra A. Adams, his wife - - . ~ of St. LUC1@ Cp~nfy Florida, hereinattet desiynated es the "MORiGAGOR,' and FIRST FEDERAI S/~VINGS AND !OAN ASSOCIATION OF fORT PIfRCE, ~ corporst~on organi:ed +nd e:ii~ing ur~der ths lawa of ths United Stat~s of Americ~ ~nd Mvinp it1 principal pl~ of businsu in ~M Ciry of For1 PiNCe, St. lucie County, ilorida, he~ei~after desisnated ~i ths "MORTGAGEE." WHEREAS tM MORTGAGOR is justly indabted to the MORTGAGEE in the sum of Z 3O qood and lewfi~l money o1 ths Untted ~ Srates advaneed by the MORTGAGEE unto the MORTGAGOR, as evidenced by • certam ~xomissory note oi even dats herewith, of which the followinp in werds and f' ures it a trve eopy, fo-wil: ~ s 30, 0~.00 ~ 11000353 fat Pierce, Florida, September 3~ ~ 19 7.5 fw vatue received. 1, we o~ either of ~rs, prom~se to pay, wi~hout defalcat~on, to ~he order of :IRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF ~ ~ O~T PlERCE at Fwt Pierce, ilorida, ~he sum of j 3Oi~~•0O w~~h inteiesl iran date at the rate of 8•?~ pa anoom, in monthly instsll- ~ ~~,.•~~rs as iollows: S 247_OO ZOt~lday of November ~9_7'5_ and a like wm on the correspaidiny day of each moeth fhere- ~ .~'?er unril ei~e whole be futly paid. ' Each installment first shall be applird in payment ef ~he interest and the~ on the unpaid balance of the prinupal sum. (f default is made in ths ~ ;,,ment of any installment when due, and such dafauh con~inues 30 days, then at The opt~on of the holder, and without any orher notice, all the remaining ::~s~allments shall br due and payable at once. P~ivilege is given to prepay this aote in whole or in paA at ~ny time without penalty. Neither fwebearante, nor acceptance by the holder thereof after any default in any payments hereon, shall be deemed extension. A late payment tharge Of 2• 35 shall be ~:+~ed to each ins~atlment rema;ning unpa~d 7 days aiter its due date, and a I~ke sum shalf t,e added lo each such instailment remaining unpaid 7 days afler exh sJcceeding payment data ~ Each ma4er, surety and endoraer hereof, jointly and severally, waives demand, presentment protest and notice of p?otest for nonpayment, and fu~ther e~rae~ to any extension of N~ree oi payment, e~ther bafore w after matu~ity, without not~ce 1o any of us; and to pay all costs of m~lection, intludiny ~ ~sonable atrorney's fee in the event of any defauft hereunder, and hereby severaliy waives alI benefit of homestead and eaemption under ihe ca?stihriion j^.d !a•ers o} each Srate of the Un~ted States, as agamst this obligation w any extension or renewa{ hereof. Witness the hand and seal of each party. ' S/ Gerald R. Adams ~ ~?u S/ Sandr a A. E~dams cs~wU $45.00 ~ ~ S~ate Revenue a61Gp~ NO'N, THEREFORE, the MORTGAGOR for the purpose of securing payment of uid sum of S 3O ,~0 • 0O , and the performance of the covenants and ag?eements hereina(ter expressed, and (or divers good and valuable con~iderations, by the~e ptese++ts, does grant, bargain, sell, remise, r~~'ease, convey and c°~ firm u~+ to th4 MORTGAGEE. its successors and auigns, aU thal certaie lot, piece w parcel of land, sifuate, (yi~y, snd beiny in fhe County of "t • LUC1@ State of Fbrida, dewibed as follows: ~i_ot 10, Block K, Diaravilla Estates, as per Plat thereof on file in Plat \~3ook 8, Page 77, of the Public Records of St. Lucie County, Florida. ~ • ~ ,F3y agreement of Mortgagor and Mortgagee on file with the Mortgagee, the within ~ mortgage secures'not only an existing indebtedness, but also ADVArCES to be U` `~ERFAFTSR made by Mortgagee to Mor tgagor, the aggregate of which will equal ' C the principal aunount specified in the promissory note secured hereby. ~ ~ ~ f ~ ~ E~ N~' STATE ~F FLCIRI~3~'-. ~ DOCUMENTARI'~~ `STAMp ~A>. I ~ ~ °c; ° UEPT. OF REVEtfUE ~ ~ ! ~ ~C ~ - - OCT= 2'T5 F ~ 'F II O { ~ ~ ~ ~ ~ ~ ~ e o'z- . . ~ ~ ~ ~ ~II rxn+a~ o~ t~s ~ , ~ ~'C INTNNIM~ ~ iROPERtY. , P111t5~Wtf ~ lqpll~ ~ - ~nc a~urt aoux4 wc+E ~ l l ~ roc,ether with all and sirtgular the tenements, heredirameMS and appurtances thereuMO belonging ot in anywise appertsinirg iF~efo, ~nd all renb, istues, c~oceeds and profin accruing and to accrue from ssid p?emises, all of which are included in th~ above aod foreyoirg deWiption and habendum. TO HAVE AND Tp HpID the above tkscribed and granted premises ~nto the ssid MORTGAGEE, in sutcessors ~nd suiyns fwever. And /Fw s~1d :'CRTGAGOR fw -thelr--- executws, ~dministratws and auigns, hereby covee+nfs with the said MORTGAGEE, ib tucte~son ~nd astiQro, „~hev are _~a„~t„uY x;Z~d of the said prem~ses in fee simple; that the same ue free, ckar ~nd d~scharged from all liern and enaxo- ~ ~-ances in !aw or in equiry, and that thev ,N;~~ a~ t hei r hein shall wursnf and d~fend the titk to tM sam~ to thSaW ~ :'ORTGAGEE, its successor~ and assigns, forever agaimt the lawful claims and demands of all persons; ~ PROVIDED, ALWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the pranissory note hereinbefae described and ~hal! truly, promptly ~ a-d fully pertorm, dixharge, execute, campkte, comply with and abide by eacF? and every 1he stipulations, agreements, conditian and coven~nfs of said ~-~~ssory note and of this Mortgage, theo this Mortg~ge and Ihe Eatste hereby created shall tease snd be null snd void. p~~ ~ y IT IS UNDERSTOOD that the word "Mwtgagor" whether in the singulsr a ptural anywhere in this Mortgsye, shall bs sinyulu if one only and ~p~p ~ s~ n ~ 1 be plural jointly and several ly if more thin one, snd that the wwd "t he'u" as used anywhere in this Mortya~e shall b~ t~ken to me~n "ha; ••1wrs; • ~ or "its," whcrever the co~text so impties or admits. Also, that wherever there is • reference io the covenanri and ~yreements herein conbined to any of a~r ihe parties he~eto, the same shall be construed to mean as well as the heirs, legal reprcsent~tivef, successas and assigro (either voluntary by scf of th~ ~ narrles or involuntary by operaYan of the law} of the same and that the covenants herein contained shall bi~d and tF?e benefiri and adv~nt~pes inw~ ~ ~c fhe respective hei~s, legal rcpreseMatives, successws and ass~gns of the parties herero. And said Mat s. fw themselves and their hein. 1 al re esentatives. uxcessas ~nd asi na, here ntl uw! ~eve~~ll ooven~M ~nd ree a 9~ ~9 W ~9 bY la Y Y ~p ro and with the uid MORTGAGfE, its successws erx! sugns: L 1 r~ 1. To pay all and sirg~lar the printipsl and imereit a~d the wrious and ivndry wms of money psYabl~ by virtue of said promissory note, and this T~ ;rortgege, each ~nd every, promptly on the days respectively the same seve~aily become due. ~ 2. To p+y all ~nd s'u~gulu the taxes, assesunenq, levies, lisbitities, oblig~tions and encumbrantes of svery natute and k'u~d now on s~id d~scr~d ~ property, w that hereafter may bs imposed, tuffered, pleced, kvied, o? sssessed thereon, w that hereaha may be levied or assessed upon fh$ Morf~- age, w tM indebtedneu ucured hereby, each and every, when dw a~d psysble, sccwdirg ro law, before they become delinqueot, ud befor~ u~y iMarpt a~feches or any penalty is inc~rred; AND INSOFAR AS ANY THEREOf IS Of RKORD THE SAME SHALL BE PROMPTLY SATISf1E~ AND DISCHARGED Of ~ RECORD AND THE ORIGINAL OFFICIAI DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFfICIALIY ENDORSEp C;R CERTIFIED) SHAIt 8E PtA~ED IN THE HANDS OF SAIO MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; s~d in the event that ~~y thereof is not F,a~d, sat'sfied and discharged sa:d MORTGAGEE may at any t~me pay the same w any paA thereof without waiving o~ affecting any option, lien, eqviry o~ •~~ht u~der or by virt~e of this mortgsge and the full amovnt of esch and every such payment shall be immediately dve ~nd payable ~nd thall besr interest {ro~- rF~ d~r~ +i:~~eor ~.,r,~ : ca'd ~ate of nine per ce~tum per annum and togethe~ wlth svch interest shall be secwed by fhe lien of th's morgtage ,y - - - ~ - a ~ ^'~"~,u*~.. ~ , . _ ~~~t~°_~~ s