HomeMy WebLinkAbout0294 ' 3~.9.~5~ ~ b
21st Qc~ober,': i
THIS INOENTURE, IWd~ t day of A.D. 19 75 bNwNn
Ken Dru~on , a s ng , a so wn as enne . na~
~ St • LUC e F~~ ~h~fia deiipo+~ed ~i tM "N~ORTGAGOR," and FIRST fEOERAI SAVfNCsS AND IOAN
ASSOCUTION OF FORT PIERCE, ~ oapa~rion o~9~sd and ~:istina v+?dM tM laws of the Unit~d 5~~~~s of M»rtu ~nd havinp iq prindp~l plaa of
b~uirnu in tIN City of Fat Piwu, St. lvti~ Cow~ty. Fbrida, Fw~~inah~r d~tip~+t~d ~s th~ "MORTGAGfE:'
WHEREAS tM MORTGAGOR is j~ntly indebt~d to ti~ MORTGAGEE in tl+s wm of : 28l.~O •0O yood ,nd Iawi~1 mon.r of th. Un~t.d
SbtK adv~ix~d by tM MORTGAGEE u~to tM MORTGAGOR, ~s evidsnced by a cK~au p?omiuay nob of even da~e Mrewith, of which tM fdlowirp in
word~ a+d~ ~fqwn b a tn?~ copy. ~o-wit:
~ 28,000.00 No 13000176 ;
1
~o„ Pw,a. Fb,b,. October 21 ~q 75
Fa value noeiwd, 1, we o~ ~ithe~ of ~n, omi~
to ~ w~thout defslca~~on, to th~ ordet of fIRST FEDERAL SAVIhGqS~ AND IOAN ASSOCtAT10N OF
FORT PIERCE at Fort Piac~, Florid~, ths wm of ~8f witA intq~~t from date ~t the raq d 8'7'X per anm+n4 in ma+tNy imtal4
„ fo!lo,~s; =231.00 0„ 20th of Februa ry j9 ~ and s lik~ svm on th~ caraspondinp dsy at axfi month ttwr
aftK until tM whole be fully paid.
Each insaliment fint shall be appl~ed in p~yment of th~ interes~ and ~hen on 1he unpaid bal~ncs of the prirx~pal sum. If defavh b m+d~ in tM
paYment of ~ny i~atallment wha+ d~s, and wch def~ult continues 30 days, then ~t 1he opllop of the holder, and witlw~t ~ny other notice, all the r~G+e~p
installment~ ~hall be dw a~d. paYabb at once _ PrivilsAi is yiven to pnpaY this note in whols or, ln p+A ~t ~ny t~ms wilFaut pen~lty. Neithu fweb~uano~,
nw ~cc~pt~ncs by tM holdtr rhsrwf aftN-any d~fault in ~ny p~ym~r?M heroon. shall bb deenied exte~sion: A I~te payment thar~ of =~•l~ 55 sMll b~
edded ~o ~ach i~aull~nrremaioi~p-~npaid 7 days-ah~r its dw d~t~. and a like sum ahall.be add~d w eac~ suc6 tnu~llr?rm run+inirq i~ld 7 d~yt ahN
each succ~edirg payma+t date.
Each makt?, avrely and endwser he~eaf, jointly and sevc~ally, wsives dcmand, pesentment protest and notic~ of protdt for nonp~yrt~t, and fixthK
agreq ro extension of time of payment, either befwe p after mat~~ity, withow notiu to ~y of w; ~nd to pay sIl coah of collection, intludinp ~
rcasonable attomay's fe~ in the eveM of a~r def~uU hereunder, and hereby severatly waives atl benefit of homeste+d and exemptan under ti~ conttifution~
and laws of each Sate of ~hs United St~tes, as ayaimt this oblipsNon w ~~r ~xtMSioe ~ ren~wd hreof. . " ,
~In~as the Mnd and,seal of eath party. ~
/s/ Ken DrussoAd SlsO Irno~m ~
. . ~ • • - as ~ 2Cet?netfi L. Drummon
~ ~ ~
t, 42 ~ Stat~ Revenw '
(f+a~~. ~odbi ~w ~wpiryl-wo~} -
NOW, iHEREFORE, tM MORTGAGOR fw the pvryost oF wevrkg p~ymeM of Nid sum ot t 28 , and th~ p~rfom+ano~ of th~
coven~nls and ~yreemenb he~einsfte~ expressed. and fw d~vers ~ood and valwbl~ co~aider~tans, by tMa~ presanta, do~s yrant, bar~ain, sell. ~~mts~.
release, convey and tonfirm unto tM MORTGAGEE, its suctessors snd assipns, aU that tert~in bf, piat~ or putel of bnd, siw~t~, lyinp, and b~irg in tM
~pMh St _ LuCie , and Sqt~ of Floi~da, dexrib~d ~s fd{owa:
The west 26 feet of Lot 1, the west 26 feet of the riortb 1/2 of Lot 2, the north
I/2 of Lot 11 and all of Lot 12, all of MARY A. McCOLLUrI'S SUBDIVISIaN as per
plat thereof on file in Plat Book 4, at paqe 50 of the public records of
St. Lucie County, Florida _
By agree~e~nt of Mortgagor and Ml~rtgagee on file with Moztgagee, the within aortgage
secures not only an existing indebtedness, but also ADVANCBS to be HBRSAF'18R sade
by Mortgagee Lo Mortgagor, the aggregate of which wi12 equal the prineipal
amount specified in the pro~issozy note secured hereby.
~
' Q*'~,;•~~° ~ f
~ STATE oF F4.,..JRf C7A ~ ~9~
' ~ DQCUMENTARY~, ~fi.,_ STAMP T~.X ~ e~~°F'~,<ts~` ~J,.
i -
~ c-~ D€~1. OF REYEhUE ~ +y`; s ~'~'6• ~aw
~ ~ = P~. = ~fZ~rs - ~ 4 2. 0 o i ~ ` -F~,~~~~
_ ~~tio2
~ _ _ ~ _ , ~~o~~
~
~ o ~.s+~,w~ - - _ - -
; . . ~ , . .
! . c1~'
~
~
~ togetMr w~th atl and singulsr the tenements, herediamenn ~nd sppwtances thereumo belagirg or in snywise appataioirg tMreto. ~nd all rentt bwN,
~ proceed~ and prof~+s acvuirg snd to acaue from ssid premises, all of which ~re included in the abov~ ~nd for~poinp dewiption and IMbN~duna
TO HAVE AND TO HOW tM above described and yranted premaes unto tM said MORTGAGEE, its s~oces~ors and ~sig~s fwevK. Md the s~id
~ MORTGAGOR for hi S - heirs, executon, admini~traton and ~uigns, hereby wv~nsnb with the s~id MORTGAGEE, its succ~s~ora and
rt ~~t he is lawfutly seiz~d of the ssid premis~s in fs~ wnpbs th+t tlw s~me an fr~s. clear ~nd discharyd fran all Ikro and sneunr
~
~ brances in law a in equiry, u~d th~t he wilt and bis heks sF~sll wu~a~t ~nd defend tM titb to th~ ~am~ to th~ Mld
MORTGAGEE, in si?ccessors snd ~uipns, fwever ap~inst th~ Iawful cl~ims snd demand~ of ~ll persorat
PROVIDED, AlWAYS thaf if th~ MORTGAGOR th~ll pay unto the MORTCaACsEE tht p~omi~ay oot~ i~er~inbefon dsscrib~d and sh~ll tnrly, promplly
- and f~ll rfam, diuhar ~
Y pe ge. ~xecute, compkte. complr with a~d ~bide by each and everyr the stipulatioru, ~yreaments, conditions ~nd oore~ants d ~aid
~ promissory note and of this 1Nort9aye, ti~? this Atiortgsg~ snd the Esute hereby aeated shall ua~e s~d be null and wid. cdC!
IT IS UNDERSTOOD that the word "Mortyapor" whether in tF~e sinpular or plwal u?ywhers in tf~is Mo~rty~pe, shall be si~gular H oM ooly ~~p
' sh~ll be plvrd ioinNy and sev~nlly if mwe thao on~, snd thst tt» wo~d °their" as wed •nywher~ in ~ha Mong~y. sh•11 be tsken ro m~an "his," "Fwn,
5 w••its," wherever the context w implies a admin. Alw, that wl+erever then is a rsferenq in the covena~ts snd apreemenb herein oontainsd b a~ryr ~
~ the pariies hereto, the sam~ ahall b~ caunued to mean ~s well ~s the hein, kgal rpresentatives, a?cc~sson and ~ugro (eitFrcr voluntary by ~d ofb'tl
~ parties o~ involuntary by opKaYan of the law) of the sam~ and that tM covenants herein contaieied sh~ll bind and the benefin and advanb~s
~ so tF~e respettivs hein, leyal r~preseMetives, succcuors u~d asvyra of tM p~nies l~ereto.
~ Md ssid Mwt~+~on, for ttnmaelves and their heirs, kpal rtprtsentativa, successon and assiyra, heroby joinHy and wverally oov~nant ~nd ~
~ ro and wifh rhe wd MORTGAGEE, in wa~s:ws ud suipm: ~
: 1. To p~y ~il ~nd sirgvlu the pri~tipsl and intcrest and ths vario~s ~nd sundry sums of monty paYabb by virtw of ssid promis~ory noM, u~d
~ mortpap~• sich ~nd every, pranptly on th~ d~ys nsp~ctivelr tM s~me ~v~rdly becoms dw.
~ 2. To pay all and sinpulK the u:es, utessments, levies, liabilities, obliystions and encumbranoa of ~wry n~tur~ and klnd now on said
~op~rty, a that he.eafta m~y bs impowd. wff~red. Plaud. Iwied, oi aswakd fMnoe, a tMt Mnaft~r may b~ kvied a awss~d vpon tM~
~ +4~• a tM ind~bt~dneu secvrad herebY, e~ch and ~wry, wMn dw and pay~ble. ~coo.dinp w law, b~fore tMp bew~+w dt~in4wM, and btfor~ any tMa«t
~ ~ttaches w any penalty is inturred; ANO INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHALL 6E PROMPTLY SATISf1E0 AND DISCF/ARGE~ Of
$ RKORD AN~ THE ORIGINAL OfFICIAI DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RKEIPT OR THE SATISFAC110H PAPER OFfICtAIIY ENOORSED
OR CERTIFIEO) SHAII 6E PlACEO IN THE HANDS OF SAID MORTGAGEE WITHIN tEN OAYS NEXi AFTER PAYMENTJ and 1n tM ~wM ehaf any tha~of Is no1 '
paid. ~t'sfied Md dischar9ed sa:d MORTGAGEE may ~t sny time p+y the isme w any pa?t thereof witho~t w~ivinp o~ affectirg oprion, lien, ~rity a
•ipht v~er w by virn?e of this mortysye and the full amount of e~ch and every wd+ payrn~nt ~hall b~ irtwnediately dw and p~yable and thall bear kN~tpt
~ ~rom the dale thsreof until paid at rate o( nina per centum per annvm a~d toyether with wch imereit thall be secured by the lien of th's motytapt.
-
- _ -
~a~.: ' r~ „t - - a^:
~v~-z~~
~ "'f i
. _ . . . ~ _ ~,_.r~'_~:'.-~ . . . . .