HomeMy WebLinkAbout1140 ~ 318~95 ~ ~
THIS INDENTURE, Mad~ th• 22nd day of S@pL~Rb@! , A.~. 19
75.. betwNn
~ y ~
of St _ i_uC~e , Cpmry Flwida, h~t~inaffK dnign+t~d th~ "MORTGAGOR;' +nd FIRST FEDERAI SAVINGS ANO l0~?N j
ASSOCIATION OF FORT PIERCE. ~ aorporaiion oryar?iied and ax:stin~ undac tM taws of tha Unitrd Stats~ of Ameriu and Mv1np ih p.~nctp.l p~+e~ of ~I
bvsln~p in tM Clty of For1 Pi~ra. St. luci~ County. FIaWs, Mrtin~fNr dpipn+t~d u tl» "MORTGAGEE." ~
WNEREAS th~ MORTGAGOR is ~stly ind~bted w tM MORTGAGEE in 1M svm of good +nd lewful moMy of tM United
Stet~s advanced by th~ MC~RTGAGEE unto 1hs MORTGAGOR. ~i evid~ncad by • c~rt~i~ promiuuy note of evan date herewith. of whtch the idlowir+p in ~
wordi aed fi~ur~s h a t~w copY. to-wit:
: 27?600.00 ' tro._..]~21 SOD
~ p~, F~o,;~,, Sentesber 22 ~y~_
fp valv~ nceiwd, 1, vw ot ~itFwr of ~s, promist to pay, without defa~ca~ion, to ths order of FIRST FEOERAI SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE +1 fat Pi~rn. Flwid~, tM sum of s 27 6~•~ with inte~eil from dat~ ~t the rate of 8•7~ pe~ snnum, in monlhly imtalb t
menri a~ tollows: S 227•~ on rh. ?S?~ d.y of -l~~ZV 19~ 6. and ~ tike sum on tM cwrcspa+dinp day of ssd~ month tMr~- f
aiter until ?M whol~ b~ fully psid. '
Eath irutallment first shall bs appiied in p~yment of tM inreretl and then on tM ~?npaid balance of the princip~l sum. If detault is m~de In tM
paymenl of any Gatal4n~nt whsn dw, and wch defavh cauinuea 30 dsys, then ~t tM option of rF» holder. and without ~ny other notice. all ti~e remainin~ ~
insbllmenfs shall b~ dw and payabl~ at onta Privile9s b piven ro prepay this nott in wFwb w in p+rt ~t any time withoW penalty. Neitl+e~ for~beannce, i
nor aco~ptance by the hold~r thtreof afte? any default in any p+yments hareon, th+ll bt deemed exteniron. A ~ate payment th+rye of shati i~ ~
edded to eath lnstallrn~nt remaininp vnpaid 7 d~ps after in dut d~te, and a like sum shall be added to each such installment remainirg v~paid 7 daya aftsr
ooth suttledieg peymenf d+tt.
Each maksr, surety and endorser hsreof, joinily ~nd sevenlly, wsives dem~nd, presemment protast and notict of protcst for na~p~ymenL ~nd fwtlw
agrees to ~ny ~xtmsan of tim~ of payment, either betwe or aher maturity, without notice to any of us; and to pay all cosb of collection, includ'u+p •
rcasonable sttorney's fee in the eveN of ~ny defaulf hereunder, and hereby sevcrally waives all benefit of homesteid and exemptioo under tF~e cautihrfion
and taws of each Stats of the Unfted Stete:, as a9sinst this oblg~tan a any exteniion or renew~l hereof.
Witness the h~nd ~nd stal of esth partY• ' ~
'''t ' ' ~ ~ "R~Chard G Madee:~
. i5~?q
~ Betty Madsen (SEAq
~
r ~ 41. 40 ) Sa» Rev~nw
(Stwnp? w~eelki ~w ~ipirrl-~sN) '
NOW. THEREFORE, the MORTGAGOR for tM purpose of secvring payment of said wm of = 27 h~-~~ and tM perform+nos of th~
covanann and ~preements hereinafta ~xpressed, a~d fo~ divas pood u~d valwbb caaideraYa~s, by thes~ p~esents, does yrant, bary~in, atll, r~miss. ~
relea~, conwy ~nd coniirm unto tM MORTGAGEE, iri successon and auiyns, all th~t certain lot, piece or putel of land, situate, lying, and btinp In th~ ~
Covnty of St . L-uc ie and Suts oi Florida, dewibed n follows:
Lot 15, Block 286, PURT ST. (.ixIE, Sfi~CTION 1, according ta plat thereof
recorded in Plat Book Il, page 53, of the public records of St. Lucie
Caunty, Rlorida.
By agreement of Mortgagor and Mortgagee on file with
Mortgagee, the within aortgage secur¢s not only an
existing indebtedness, but also ADVANCBS to be HBRE-
AF'rBR ~aade by Moztgagee to Mortgagor, the aggregate ~
; of which will equa.l the principal amount specified
` in the proaissory note secured hereby.
i
~
~
p STATE aF FLOR~CDA~
DOCUMENIARY.~:~; STAMP TA X~
pZ Q ~ d
~ LEP7. OF kEYf.NUE
!Y' + - ~jy~• ,
~ ~
~c = - i}' ' I IN PAYMEM Of TA~(fS
~ = Pa. = oc: -2•rs ri ~ 4 1. 4 0 t ~rr~°"wrr
To ~r iNr~e~ ~x~ ~o~rr
~ ~ _ ~r~~~ ` - ~ ~ROC~ ~t'`rs oF i9~~' ~
. mr~s
`
~i . . - ~Ba( CIRCUR -CW((f, 5f. IUC~E CO., FIA~
t~
to9Mlwr with s!I snd si.gular the ter+sments, he?edtamenn and appvrtsnces thenvnto belooying or k~ anywise apperaininp tFiereto, and all neri, faws,
~ proceeds and profits accruiny and to aurw from said premisea, all of which are incl~ded in tM abovs and forepoirg desc?Iption and Mbendwn. r
TO HAVE ANO TO HOW tM ~bore desuibed and ~r~nted premisea unto tM s~id MORTGAGEE, ib suaessaa +nd augns forewr• /1nd th~ s~ld ~
MOAtGAGOR fa heir executors, sdministraton and assiy~s, hereby cov~naob with the ssid MORTGAGEE, its s~a~ssws and ~ssipes, ~
~ rhst thev ,~?re _~,~,,,~„iy kized of tF?e s~id premiies in fee simples that the s~rew are fr», cl~a? and dischu~ed fran dl Ilerr and ~ ~
~L branc~s in law a in poity. ~nd th~* they w;~~ their hein shsll wuram and d~fend the titk w tM ss+rw to tFn s~W ;
`n~ MORTGAGEE, its succesto~s snd auipro, forevet syainst the lawfvl claims and demands of all persaa; ~O
"w' ~ PROVIOED, ALWAYS th~t H the MORTGAGOR shall p~y unto ths MORTGAGEE the promiswry no» hereinbefon dex~ibed u~d ~lull trufy, promptly ~~D
~ ~ and fully perfwm, discharge, ez~cvte, compkte, comply wirh and ~bide by ~ach ~nd ev~ry the atipulatioro, ayrexn~n, conditiaa and oovaunri of stid
~ promissory not~ ~nd of tha Mwt~~ye, then this Mortg+~e snd tF~ Est~te hereby aeated ahall ws~ ar?d be null and void. ~
~ ``3 IT IS UNDERSTOOD tFwt the word "Mwtpa~or" whether in the singular or plwal ~nywhere in tfiis Mat9aae, slwll b~ sinp~lsr if on~ only and ~
shall bt plwal ~ointly and teverally if more than one, a~d thst tM word "tFroir" as used anywhen tn this Mwtyape ihall be tsk~n to m~~n "hb,•• "hen„"
or 'its," wherever the context to implies o~ sdmits. Alio, that wherever there is ~ r~faence in the coven+nts and p~~cments her~in contaimd fo any d
tM part'~ hereto, tM same sl+all b~ cautrued to me~n u well as the heirs. Ip~l r~presentaYnes, succeswn and assipro (~it!»r wluntary by aet of th~ ~
pa?ti~s or involu~t~ry by oper~tion of ti~e Isw) of the same and tF~at the covcnann herefn conlained shall bi~d and tM benafin ~nd ~dvaMapu inur~
to tl+e re~p~ctlw hein, lepal representat~ves, succeuws u~d ass~yns of ths putits hereto. ~
Md ~aid MwsQpors, for themulv~s and their Min, le~al r~presentstives, suaeuo~s ~nd assipns, hereby jointly ~nd s~verally town~nt and apr~
!o and with th~ said MORTGAGfE, its suussson and suigns:
1. To psy ~It ~nd sinpvlar the principal and intaat and tt~e wrious ~nd svndry wms of moneY paY+blt by v"utw of said promiswry note, ud ti~M
+noH~+~e, wch ud ~wry. P?omptly on tfK days respectively tFr sama s~wr~lly becan~ dee.
4. To p+y ~11 and urgul~r tM t~xes, as~esanenn. Iwies, liabilit~es, obligatiom and ~ncumbrancea of every n+h,r~ and kind now on s~id dncrlb~d
prop~rry, a that hereaftN may be unpowd, wffersA. P~~ud. Iwied, w asessed th~raon, or that her~sfter may b~ Isvied a ashs~d upon thi~ Mor1¢
pe, a t)N M~debt~dr~ea sacw~d haeby exh and ~wry, when dw ud psyabl~, aaordirg w law, b~fa~ th~y b~come dellnqveM, uid bsiw~ anp Mt~n~t
att~ches p any penalty is intwred; AND INSOFAR'AS ANY THEREOf IS OF RKORD THE SAINE SHAII SE PROMPiIY SATISf1E0 AND DISCFiARGED OF
RKOR~ ANO TNE QRIGINAL OFFIZIAL DOCUMENT (SIJCH AS, FOR INSTANCE, THE TAX RKEIPT OR TME SATISfACTION PAPER OFFICIAIIY ENOORSEO
OR CERTIFIEO) SHALL bE PLACEO IN THE HANOS OF SAID MORTGAGEE WIIHIN TEN OAYS NEXT AfTER PAYMENT; ~nd in tM eveM that ~ny th~r~of is no~
paid. ~at'sfisd ~nd discl?a~eed ss:d MORTGAGEE may at any time pay the same or any part thereof witho~?t waiviny w+ffectinp smr option, Ifen, pvify or
~~pht undN w by v:rtw of this mortyaye snd the full amount of exh and every such p+yment shall be immedi~tdy d~e and payable ~~d shall bear ir~tKat
~.om the dat~ thereof vmil paid ~t r~te of n"uro pe~ centum per annum ar+d toyethe~ w~~h i~ci+ interest ihall be secured by the lien of th:t morytsyt.
~'.:a ~ ° ~+raa . ~ -
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