HomeMy WebLinkAbout1650 ~ ~ 4185~4 ~
iH15 INDENTURE, Made the 29th day of~ Aug.uSt A.D. 19_Z~, between ,
Nowar~ W. Martin and Gertrude T. Alartin, his wife
of Jt • T.L1C1@ CWnty Flaida, heteinafter des~y~ered as the "MORiGAGOR." and FIRST FEOERAI SAVINGS AND IOAN
ASSO~IATION OF FORT PIERCE, a co~porat~on organi:cd and exi~~ing under the laas of the Un~ted SutQS of America and haviny iri p?incipal pisce of
busine}s i~ Ihe City o} fo~t Pierce. St. lucie County, f~orida, hereinai~rr desi~nared es the "MORTGAGEf:'
~ ~ ~ 15 ~0
WHEREAS ~he 610RTGAGOR is justty indebted to-the~MORi6AGEE in the wm of S_ ~ • good and lawful money of ~he United
S~ates advanced by the MORTGAGEE unt~ rhe MOkIGAGOR, as eviJented ty a u~n,,m promissay note o1 even date herewith, oi which the following in
s-lsa OO~qure~ a trva coPY, to-wil: • ~l~~~a
~ t) .
fort Pierce, Flwide, August 19 75
fw vafue received, 1, .tie or either of us, prom~se to pay, without de~alcation, to ttre ordrr of FIRST fEDERAI SAVINGS AND LOAN ASSOCIATION OF
=,';tT PIER~E at Fo~t P~erce, flwida, the svm of 515 L~~•~~ w~~t~ ;n~a~est frorn datc at the rate of 8•?~ per annum, in mo~ithly ins/al1-
.•:~~s aa fo:!oWS: S_ . 1?4L~ on the ?Oth day of DeCelllber , 1975___. and a like sum on the cwresponding day of each moNh thert-
atrr~ ur:ul ti~e W~10~C be fu~ly Naid. '
Each insral6nen~ (irst shall 6e appGad i~i paymen~ of ~he int~rest and ri~en . ~ the unpaid .balance of the p~indpal sum. If default is made in the
~nent of any ~nstai•,nent ~nhen due, ~nd such default conr~nues 30 daya, then at rhe opt~on of ~he ho~der, and w~thout any other_ notice, all the remaining
~:siel;mems shalt t,o due ard Nayab!e at once. Privilega is givrn to prepay this note in whole or in part at any fime without penslty. Neither fwebearantq
acceptance by ~he ho-'der thereof afrer any defauit in any Qayments hereon. shati be deemed extension. A lare paymem charge of S 6' , shsl) be
,i :•:d to each ~nsraliment rema~n;ng unpa~d 7 days after its due date, and a Ifie svm shati k,e added Io each such installmem ~emaining unpaid 7 days after
~ ,~_h wcceed+ng payment dare.
Each maAer, suret~ and endorser hereof, ~oint!y and severolly, ~na~ves der»and, presenrment protest and not~ce of protest fw nonpaymeN, and further
7rr^3 t0 any C~feni~on oi n~~:e of paymenl, r~tner i,~Sore er atter rna~urity, w~rhout no!~:e to any of us; and to pay all costs of collection, ineiud~ng s
.~nab!e a!rcr~cy s f•,e ahe even~ o` e~?, d•~EJJ~1 hereu~~~er, and Fereby sc.•e~a(iy 1Yd1YfS all benef~t of ?wmestrad and exemption under the eonsiitutiore
d~dK'S of <..ch Scare oi ti~e Unrt~d Stztes. as 3(~3+~:Sf tnis obi~ya!~on or any e,ctens~cn o~ renewal hereof.
W~tness the hand and seal of each party.
S% Howard W. I?]artin ~AU
i~ii
- ~ S Gertrude T. Martin ~u
~22''S~ $tate Revenue - ~U
XX'9QD6?t?[~I!'~7QDC IQ~DDC~lO~C
NO.Y, THfREFC~RE, the tAORTGAGOR for the ~u~pose ef secv+ing paymrnt of said svm of i 1 S~ Q~ • , and the periwmence of fhs
c>:enann and agreeme~~ts hereinafrer e+ep~essed, ar.d for d~vers good a~d valuab~e cons~derstions, by fhese piesents, does grant, bargain, sell, .remise,
_._;se, mmey ar.d nfirrr~ unto ~he lAORTGA;,EE, i!s svcc,isars and assigns, atl that cenain lot, piete or parcel of land, tituatt, lying, and being in the
~ounty of 1"uCle _ and State of Florida, deaa~bed as fol{ows:
I_ot 46, Block 19, RIVER PARK, Ul~'IT #2, as per Plat thereof on file in Plat
F3ook 10, Page 72, according to the Public Records of St. Lucie County, Florida.
By agreement of Mortgagor and r:ortgagee on file with
the Mortgagee, the within mortgage secures not only
~ an existing indebtedness, but also ADVArCES to be
. HERFAFTER made by 1?tortgagee to I?iortgagor, the aggregate
of which will equal the principal amount specified
in the promissory note secured hereb~.
;
~ - ` a , _ . . . . . , . . . . . .
i r Y ti STAT ~::F - -
~ ~_~OC_UMENTqRy~-.:~L~ -~~,:'D~-: ~
~ ~ ~cPT. r~f ~Ei'ENUF_~~ : J1A NI
f`~r: a' RECFJI?Ei 3~~ ~ tK FAY,tFIv'T :'.i
F K,~-,'~ v= =:iCi '7,~, ~ qq r i C1UE Oh qA96'C N'ffAHG{81.E PfRS~;:A! PRUP£Y"~.
~ o ; Pp1 f G L. ~7 ?URSUMR TO QiAPTER 71•134~ ACTS OF lbll~<
~ ` : ~ ~06~ POtiR~
~ ""'~"`~`''~`~'v'z`"e'''''^„~°„~,~-~,,,~y.-..-:. ~ CI.E12K GIRCtIR OOURT, ST. lUCIE Riti
~ ~
t~ ~
~ ~•cgerher w~th aI~ and s~ngutar the tenements, hereditaments and appurtances therevnto belonging or in anywix appettaining thereto, and all renri, iu~es,
t ~j .-.~oceeds and profits accr~~~g and to accrue from saEd premises, atl of which are included in tix above snd foregoing destription and hsbendum.
s
~ ` TO HAVE AND O HpID the above descnbed and granted premises unto the said 1NpRTGACaEE, its suctessors and sugni fwever. And tF» said
~
~'.ORTGA R for - t-el r--_- heirs, executws, administrators and assigns, hereby covenants with the said MURTGAGEE, its suttessws and usiym,
~ ~ ' t~e are
~ ~-c •ha! - lawfully seize~ of the said premises in fee simple; that the ssme are free, dea~ and dixharged ~rom sll liens and sntwn-
~ ' ~-ances ~n law ar ~n equity, and that he W~~~ a~ their
t• y_ heirs shall wsnant s~d defend the title b the same to the said
~.i :'ORiGAGEE, its successors and auigns, forever against the lawful daims and demands of all persons;
~ PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory rate hereinbefore described and shall fruly, promptly
g ~-.d ful!y perform, d~xharge, e,iec~te, complete, comply with and abide by each and every the stipulations, sgreertxnts, tonditia» and twer.anb of t~id
5 `_.~o~n~ssory note and of this Morrgage, then ihis Mortgage and the Estate hereby created shall cease and be null and void.
s IT IS UNDERSi00D that ~he word "Mortgagw" whe~her in the s~nguiar or plural anywlxre in this Mortgsge, thall be sinyular if one only and
$ s~~all be p(ural jointly and several~y if more than one, and that the wwd "the~r" as used anywhere in this Ahwtgaye shsll be faken to mea?~ "his;' "Ixn," ~~O
~ "~ts," wherever the con~e~? so ~mpl~es w adm~ts. Alw, that whereve~ there ~s a?eference in tF.e cwenanti and agreemenri 1?erei~ contained to any of ~w
~ rne parfies hereto, the same shall be construed to mean as well as the he~rs, kgal representativts, successors and assigns (either voluntary by ~ct of the `~I
a ca~ries or invo~untary by operation of the law) oi the same and that the covena~ts herein contained shall bind and the benefin ~nd adv~nqyes i~wre ~
~ (~o ~he respective he~rs, legal reprosentatives, succesao.s and asrgns of tbe parties hereto.
' ~ A~d said Mortgagors, for themselres and fheir heirs, legal representatives, successws snd assigns, hereby jointly and severally covens~t and ~yrte ~
~ ~ ro and with the ssid MORTGAGEE, irs s~ccessors and assgns: ~
l. To all a~d si ular the inci al and interest and the various and su y p y y pr ssory note, ~nd this ~
; pay ng pr" p ndry wms of morx a able b virtw of ~sid omi ~
F r y orrgage, each and every, prompfly on the days respectively the same seve?ally become dve. ~
~ z 2. To psy all ~~d •~ngular the taxes, assessmen~s, levies, liabitities, obligatiau end encumbrancet of every nsture and kind now on said desuibed ~
~~roperry, o~ that hereafter may be imposed, suffered, plxed, levied, or assessed rf ereon, w that hereaftd msy be levied w use~sed upon fhis Mort¢ ~
~ ~.~ge, a the indebtedness secured hereby, each and every, wFxn due and psyable, xcading to law, befae they become delinqucnt, ~nd befwe any iMerest
~ ~freches or any penaity ~s incurred; ANO INSOFAR AS ANY iHEREOF IS OF RKORO THE SAME SHAIt BE PROMPiIY SAi15f1ED ANO DISCHARGED OF
; RECORD AND THE ORIGIt~;AI OFfICIAI DOCUMENi ISUCH A5, FOR INSTANCE. IHE TAX RECEIPi OR THE SA?ISfACT10N PMER OfFIC1AllY ENOORSED
~ OR CERi1F1ED) SHAII BE PLACEO IN T!iE MANDS OF SAIO MORiGAGEE WITHIN TEN OAVS NEX1 AFiER FAYMENT; and in the event that any thereof is not
pa~d, sat sfied and discharged sa:d MORiGAGEE may at any t~me pay the same or any part thereof without waiving w affectinp any option, lien, equity w
•~qhf ~nder or by v~.t~~e of th~s morrgage and the full amo~nt o( each and eve~y such payment shall be immediately dve and payable and sha~l bear ime~est
^ `~r °~1-~'~- '~~~•v-' .a+e of n~ne per centum per annum and together w~th suth intuest shall be setu~ed by ihe iien of th s r.~.e.grag•
g `"~€a
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