HomeMy WebLinkAbout2992 319402 ~
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THIS INDENTURE MaJ~ th~ 10tb day of A.G. 19
75„ b~IwNn
Viac~nt R. McLyadan s?n • . yn ~o, s w
~ St • L1~C~! ~ Fbrida~ ht~~inaHM tksi~Mted u tM "MORTGAGOR;' ~nd fIRST FEDER~?l~ SAVINGS ANG LOAN
ASSOCIATION OF fORT PIfRCE, ~ oorpa~lion apw~~d ud ~xistinp w?dK IM laws d th~ Un~t~d ~S~a~a of Ar~ic~ ~nd MvGq ih~prindpal pbp of
buskwss in tM City of Fut PiKa. St. tuci~ Cow+q,. Ftoridar hasin~fta dajpeat~d a th~ °1NORTGAGEE." .
WHEREAS ~M MORTGJ?GOR is jwrly ind~br~d a rh~ MORTGAGEE tn tl+. awn of = is*~0•~ pood u~d lawfvl ma»y of the Unit~d
Statp ~dvanced py th~ MORTGAGEE unto 1M MORTGAGOR, as evidenced by ~ aruin promisw~ry ooq of ev~n date her~with, of whith th~ fdbwinp M
wwdt uid fi~w~s b a trw topr. fowit:
130~1~
~ 15.000•O~ . ~OCtGb~! 10 ~ 19 7S
Fwt PiKC~. fbrida,
Fa wlw receiwd, 1, vw or eithK of v~, promjtq.lo~y~ wiF~ut d~f~lution, ro tM order of FIRST FEOERAI SAV~INGS AND LOAN ASSOCIATION OF
fORT PIERGE a1 farf Pierce. Fiwida, ~h~ sum of ~_~~V~1V•DO with int~~t (rom dat~ at th~ r~t~ of % per a~num, in monthly inttalb
ments a follows: i~5•~ or, the 20lh~y of t'IOV~ p= 19 u~d a lik~ swn on th~ cwr
~sspond~np d~Y of ~ach month thtn-
aftN until the whole be fvlly paid.
Each irotallment first sha8 be appl~ed ie paym~nt of tM intere~t and thcn on th~ unpaid balance of ths prinapal svm. If de(ault is mad~ In tA~
paYment of u?y ins~allmeM wh~n dw. and such defwh continusi 30 d~ys, then ~1 tM op~ion of ~he holdK, snd without sny other nolice, all th~ r~mainiry
irot~llments shall be dus and p~yable s1 once. Privilepi is ~ive~ to prepaY fhis ~wts in whol~ or in psA at any fime withoW penalty. Neither fw~btar~nq.
no? acc~ptanc~ by tM holder tMreof after any defauh in any p~ymenta herw~, shdl be deern~d extension.. A late psyment chup~ of s 6•75 , sh~ll b~
+dded ro each installment rem~inirg unpaid 7 days ~her ib ~us datt, u~d a. filc~ swn ~hall.bs added to e~cF~ such inat~llment r~en~ininp unpaid 7 days ahsr
~~ch sucusdirg P+Yma+t date. ~ ,
Each maka?, swefy a~d andaser he~wf, jointly and iever+lly, waives tkmand, prese~tment protest ~od ratic~ of protest for nonpayrne~f, u~d iwfMr
agrses ro any extension of tim~ of payment, either before w aher matvrity, without notice to any of vs; ~nd to p+y all cosri of oollection, includ'aq •
reasonabb attwney i fee in the evenl of a~y default l+ereunder, Ntd her~by qvadty waives all ber+efit of homestead and ezanption under ths oomtitutio~
snd I~ws of ~xfi Stat~ of tM Ueat~d St~tes, as against Ihis oblipition p any extension ,ot rentwal hereof.
Witoest th~ hsnd ud seal of eaci~ party.
~ • ' _ _ . ' S/ Vince~t R. NcLyaden ~
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- S/ Willie G. Mci.ynden ~
! 22 • ~ ) State Revenw • .
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~(Sii~1/i.~MMIIl~MN~1Q~MI~IOt~) ~ . L , .
15 00 `
NOW, THEREfORE, the MORTGAGOR fw the purpos~ of iscwirg p~ymem of ~aid sum o~ s ~ • , and th~ p~rformarw~ of tM
covenanb ~nd apnemH?b here'u+aNer expreued, and fw d'iwrs qood and valwbM oonsideratans, by tMse prcssn», does Qrant, b~ryain, sall, nmis~,
releaie, convty and confirm u~to the MORTGAGEE, its successors and astipns, ell 1Mt cenain lol, pwc~ or psrtel of land, sitwt~, lyinp, and b~ieg in fh~
couMy of St. Lncie ,.nd st.» of Pb.id., deiv~ed .s foltow.:
L.ots 13 and 14, Block 14, INDIAN RIVBR SSTAZ6S, UNIT 3, as per plat ther~~ on file
in Plat Book 10. Paqe 47, public reaords of St. Lucie County, Flor3,da
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us~ on~r . ,3~
By agree~eat ~ Mort9aqor and Mortqagee on lile witb Mortgagee, the within soztgage
secures not only an e~cisting indebtedness, but also ADNANCSS to be HBREAFTER sade
by Mortgayee to Mortga~or, the aqqreqate of which wi12 eqaal the principal aaount
speei~ied in the prosissory tate secuzed hereby.
' - ~ STATE ~F FLO F21 DA. ~
f ~ DOCUMENTARY~-~.,;:, STI~M P~ r~ z~ ~ , ~~N~ ~ t~
~ ~ ~ DEPT. OF REYEhtJf 's ~ ~PfR'ne
=r - ' ~ 1!(TN~~
P/ ~SS pf 19IL
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ropetha wirh ~II ~nd sb~pulu tl+~ Mr~rNnts, hereditamenb u~d ~ppurtances th~reunro belonpinp a in ~nywis~ apperbiNnp ther~to. and ~II rMts, k~w~,
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proaeds and prof~ acvuiny and to ~arw from said premises, aU of whid~ an inch~dad i~ the abovt and farpoin~ desaription ~nd h~b~ndum.
~ TO HAVE APW TO HOID tM ~bow described and prMted premises unto tM s~id MORTGAGEE, iri wocsswrs snd sssipns forsvM. And tM ~aid
~ thef r g ~by covenants with th~ saW MORTGAGEE, its wa~swra u~d ~aipns,
MORTGAGOR for Min, ~xecuton, administr~ton snd au' ns, her
that tbeY aZ@ ~{ulty seized the ~+id prunises in fee e; th~t the s~m~ ~re fra, cfsar and di~d~+r~d from ~11 li~na and ~ncunr
~
; brances in law a in equity, and.tl~sr ey will and t. r hein sMll w~rrant ~nd def~nd tM titt~ to ths sam~ to tM wld
MORTGAGEE. in s~ccessw~ and ~uipns, fwwer ~pairut ths lawful daims ~nd d~m~nd~ of ~II p~rtau:
e PROVIDED. ALWAYS thn if IM MORTGAGOR shall p~y unro the MORTGAGEE the promissay rote Mr~inbefon describsd and sh~ll trvly, promptly
and fully p~rfwm, d~sd~arye, taecvb, compkte, compfy with and abid~ by t~cl+ and every the st~ulations, yre~rnents, conditiorr and aownanb of s~id
promiuwy rot~ aod of this Mort9ap~, then tha Mortyage and the btate hereby aeated shall uase and b~ null and void.
j IT IS UNOERSTOOD that the wwd "Nbrty~or" whether in tM sinqular or plwal a~ywhar~ in this Mwtp~ps, ahall b~ sinavlar if on~ only and
S d»It be plwal iointly and sevKally if mor~ tha~ one, and that tM wwd "their' a wed anywhs?~ in this M.ortp~ye ~11 b~ t~k~n to rtw+n "iaa," "Mn:'
~ a••its,° wherever the context w in+plies a admi». Also, tMt wherevsr tl~ae is a nferenu in tM covenu?fs ~nd spr~emenri h~rsin oontairnd to any of
~ tM puties her~to, tl+~ sam~ ~hall b~ consnued to mesn ~s well as tt~e Min, leyal represent~tives, waassor~ ~nd ~ssipns (eitlar volw+bry by ~ct of tFr
~ p~rries w imdoma.y by operaran of ~he law) of th. s«ne snd thar ~he coven.nn h~r.in conrained shall W,~d and ~he b.n.fin and .dvampa inw•
~ to th~ r~sp~ctiv~ Min. Ipal r~~sentdives, wueiwrs snd ass~yro of the pahas hersta '
Allo.tyayon, (ey+ ~presentatiws, svccessors a~d ~saiy~s, twreby jointly and severally oov~nant Md aprK
: Md taid fw tMmsetves and theb Mirs, 1 r
; to and with tM said MORTGAGEE, ib suutssors and ~ssipns:
~ 1. To pay dl and slnpvlar tfi~ principal and intKest ud fh~ wriovs +nd svndry sums of morky paY~blt by virtw of said
~ promissory not~, and thi~
mortyp~. ~ad~ and wwy, promptly on th~ dari r~apectively the sam~ sw~rally becon» dw.
~ 2. To pay aU ind wpul~r the tax~s, asses~n~nn. I~vies, liabilitiq, obliyations and ~ncun+ba~ces of svery rMtw~ u~d kind now on said dao~d
R p?operty, w that I+ereah~ may b~ Nnpos~d, wffared. Pbad. Iwied, or awswd thenon, w tlMt haeaft~r may b~ Iwi~d a aswswd upon tM~ ~IA~Ip.
.p., « rh. Ind.bt.dness ~ecw.d h...by. .ach and .v.?y, wh.n dw .nd pay.bM, acoord'ag ro law, before rF~.y bscom. dttinqwm, and b.fon a+y MMU.a
¢ attaches w any pen~lty is intwred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAII !E PR0INPTLY SATISf1ED AND CISCF4ARGED Of
~ RE~OftD ANO THE ORIGINAI OffICIAI DOCUMENT (StKH AS, fOR INSIANCE, THE TAX RKEIPi OR TNE SATISfACTlON PAPER OFFICIAILY ENOORSED
F OR CERTIFIED) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WIIHIN TEN DAYS NEXT AFTER PAYMEN?; and in the ev~M th~t any tha~of M no1
paid, iaYsfied and diuharged ia;d MORTGAGEE may st any t~me p~y tl+e iam~ or any part ~hereof witho~it w~irinp a aff~ctinp any option. Iwn, equity or
i •ipht w~de? or by virtue of this mor~saye and ~he fvll amovnt of each and ~very wch paym~nt sMlt bt immediately dw ~nd payaW~ and sMl) btar im~tat
~ ~rpm fIN ~tf tIllllpf until paid at rate of n~ne per centum per annum and to~~ ~y?js~h in~~~N~,~sec~red 'oy tM li~n of th:s morqtp~.
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