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1HI5 INDENTURE, Mad~ the 6th ~y oF October q,p, 19_~„
. _ Lewis S. Rhoads and Ruth M. Rhoads, his wife _
of St . LuCi@ Coun~y Ftor~da, he~einatter des~gnated as ~he "MORTGAGOR;' and FIR51 FEDERaI SAVIN:iS A~10 IOAN
~+a~i3:iAiWN OF WRi f~IERIE, • co?pwanon ag~ni:ed and exnNnp unaa tha isws oi ~i» unaed ~ta~~s of Am~rKa nav:np itt p~nc~pai piace oi
buiin~u in tM City of Fwf PiNCe, St. lucie County, fiwid~, herein~iter dei~pn+ted as th~ "MORTGAGEE."
WHEREAS ths MORTGAGOR is justly indab~ed ro the MORTGAGEE in the s~m ot s 17~ 5~• O0 good ~nd law4~~l r.~anay of Ihe Un:ted
States advanced by the 1A(~RIGAGEE un?o Ihe MORiGAGpR, as evi~enc~d by a cena~n p~omiuwy note of even date herewith, of wnich the followinq in
s 17 ~ SQ~.r~ • true copY. ~o-W~~: ~ 11000355
i
Fort Pierc~. Florida. t3Ctdber 6~ 19_~_
fw value received, 1, we a either of ~~s, prone~se tor~ja, withoul de~alcst~on, ~0 1he order o( FIRS~ FEDERAL SAVINtGS~ ANO IOAN ASSOCIATION OF
FORT PIERCE at Fo:t Pierce, fbrida, the sum of s 17.! v~;th intereet i~an date at the rete of8 • 7"9o per snnum, in monthly install-
~=~enrs as tol!ows: ~44 on the ~t••day of J~1u~iY~/__ , 1~6___ aod a like sum on the correspondinp day of each mo~th there-
eitrr uMit the whole be iuu~ Pa~d. ~
Each installment (iral shatl be applird in pay~nen~ of the inte~est antl ti~en o~ the unpaid balsnce ot ~he princ~psl sum. If defeutt is made in the
~ ay~nent of a~y insrallment when due, and~such defa~h ca:rinues 30 days, then at the opr~on of ~he holder, snd without any other notice, all the remaining
~r~stellments shail be due and payable at once. F~ivilege~ is given to prepay this note in wMle a in part at sny time without penelty. Neithe~ forebeara~ce,
~~or acceptance by the holde+ thereof af:er any default in eny payments hereon, shal! be deemad extension. A late payment cMrge of s7' 2O , shsll be
~clded to each instaltment remain~ng unpaid 7 days after iri due d~te, and • like svm shall be added to each such i~slalfinent renwining unpsid 7 days ~fte~
each succeeding payment date.
Each maker, surety and endorser hereof, ia++~flv and severally. waives demand. Qresentment ~otest and notice of profest fw ~wnpaymenl, snd fuAher
agrees to any exfension of time of payment, eilhrr before or after maturity, without not~ce to any ot ua; and to pay all costs of collection, includln~ a
~.-a:onable atrorney's fee ~n tha event of any default hereunder, and hereby severalty waives afl benefit of homestead and exemption undtt 2he tonstitution
a~~ci laws of each State of the United Srates. as against this obligatio~ or any exrension w renewal Fxreof.
Witness the ha~d and seal of each party. _
, S/ l.ewis S. Rhoads ~U
~ ~U
S Ruth M. Rhoads ~
~ $26.25 ~ State Revenue ~U
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NOW, THEREFORE, the JIM1ORTGAGOR for the purpose of sccuring payme~t of said sum of s.~Z~ SOO , and the pe?fo~msnce of the
covenants a~d reements hereina(+er ex ressed, and for d~ven ood and vstuable cons~derations, b theie '
ag p g y p~esents, does gnnt, bar~sin, ull, remiu,
release, convey and confirm unto the MORTGAGEE, its successors and aasigns, all that certain lot, piete or partel of land, titvate, (ying, snd beirtg in th~ :
County of _ $t . LUCl@ and State of Fbrida, desu~bed follows: '
Lot 12, Block 2, GRANDVIfiW GARDENS SUBDIVISION, as per Plat thereof on file '
in Plat Book 16, page 16, according to the Public Records of St. Lucie County,
Florida. ~ ~
~ ~~aa- 7i~- Cc'a3-~c~ a
By agreement'of Mortgagor and Mortgagee on file with the Mortgagee, the
within mortgage secures not only an existing indebtedness, but also ADVANCES
to be HfiRfiAFTfiR made by Mortgagee to Mortgagor, the aggregate of which
will equal the principal amount specified in the promissory nate secured
hereby.
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~ N ~F FLC~RtD~. ~
STATE ~ ~R~'~ ~
~ ~s DOCUMENTARY~=~,.STAMP I R~~vED~ ~Et~'~,
~~S,~~y E,1`
j ~z DEPT. ~F REVEfiUE r_~ ? Z~. Z c' 01~ 10
I ~c c+~s _ = rCi 10'7~ , J ~Ry~•'" ~K~, S~.
~ ~ v = P8. - ~ ~ C\~~ u,~/~
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~ +ogether with all and singu3ar tl~e tenements, hered~taments and appurtances thereunto belonging ot in anywise ~ppe?tsining ti~e?eto, ~nd sll renb, issves,
aroceeds and profits acvuing and to-sccrue from said premises, a~l of which are included in the abovs snd fwt~poinp dewiption ~nd habendum.
TO HAVE AN TO NOlO the above deuribed and grsnted premises unto the isid MORTGAGEE, iri sutcessors and assipos foreves. Md tFw said
~heir
'1tORTG R fw heirs, executo~s, administratws and a~signs, hereby coven~nh with the said MORiGAGEE, ih wttessors and assipro,
~~}°iey are
;har lawfully uized of the said premises in fee aimple; that the same a~e free, ck~r ~nd disct»rged from all liens and ~
~ orances i~ law or in equ~ty, and that they w~~~ a~ their ~~s shall wursnt ~nd defend the title to the s~rr~e to fh~ said
~ NIORiGAGEE, its successors a~d assigns, forever sgai~st the lawful claims a~d demands of all persons; ,
E PROVIDED, ALWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the promiswry rate hereinbefwe described and sh~ll fruly, promptly
~ 3rd fully perform, d~xhsrge, execute, compk~e, comply with u+d abide by each and every tFie stip~btions, agreert~ents, co~ditian and toven~nb of said
prom~uory note snd of this Mortgage, then this Mort9sge and the Estate herrby veated sMll cease and be null and void. f
IT IS UNDERSTOOD that the wwd "Mortgsgor" whether ir. Ihe singular a plwal ~nywhere in this Mortga~e, sF?~II be siry~lat if ons only ~nd ts~~ ~
shall be plural jointly and severally if more than one, and that the word "their" ss used ~nywhere in this Morty~ye sMll bs tsken to mean "hb;' "lrn," :
or "ifs;' wherever the contexl w i:Tplies or admits. Also, that wherever there is ~ reference in the covenants ~nd agreeme~b herein contained to any of ;
rhe parties hereto, the same :hall be construed to meen st well +s the he'us, legal representatives, sucussors and auipns (either voluntary by act of th~ ~
s par~ie~ or invotun?ary by operation of the !aw) of rhe same and that the cove~a~a herein contained shsll bi~d and the benefGb snd advantap~s inun ~
~ ~o the respective heir:, legal representatives, wccessors and au'gns of the psrties hereto. ~
~ Md uid Mortgagon, fw thcroselves and their hein, legal represcntatives, wccesson and ~uipns, hereby jamly and severdly cownant and prte
ro and with the taid MORTGAGEE, its svccessors and suigru:
u
1. To pay ~ll and sinyular the prir~cipsl srid interest a~d thc various and su~dry tums of money payabl~ by v'atw of said promiswry note, ~nd this ~
~ mwfgsge, each and. every, promptly on the days respectively the iame severally become due.
~ 2. To psy all snd singulsr the taxes, asussmentt, levies, (iabilitics, o6ligstions s~d erKUmbr~nces of evtry n~ture and ki~d raw o~ said d~wibed
~ property, a thst hereafttr may be impofed, suffered, Pl~ced, kvied, or astessed thereon, or th~t heresfter may be levied ot asaestad vpon this Allorf¢
~ age, a the indebtedness secured hereby, each and every, when dve a~d payabk, xcordng to law, befw~ they become dellnq~ent, and befwa art~r imasst
arraches w any penalty is i~curred; AND INSOFAR AS ANY THEREOF IS OF RECORD THE SAME SHAII BE PROMPTLY SATISf1ED ANp DISCHARGED OF
~ RcCORD AND THE ORIGIhAI OffICIAL DOCUMENT ISUCH AS, FOR INSTANCE, THE TAX RKEIPi OR THE SATISFACTfON PAPER OFFICIALLY ENDORSfD
OR CERIIFIED) SHAII BE PLACEO IN THE HANOS OF SAIp MORTGAGEE WIiHIN TEN ~AYS NFXT AFTER PAYMENT; and in the event thsf any thereof is no1
3 pa~d, sat sfied and discharged sa:d MORTGAGEE may at a~y time psy the same w any part thereof withouf waiving w sffectiny any optiorf, lien, eqvity w
~ •~qhr ~nder or by virrue of rhis mongage and the fvll amoun• of eatF~ and every such payrnent shall be inwnediately d~e and psy~ble and shall bear i~terest
°~e-~: ' ~~ia}~ +~~•eo~ r.~ d.. .afe of n~ne per tentum per annum anA to9ether w~th such interest shall be secured by fhe lien of th s mo~gtjg~
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