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TNIS INCENTURE, Nl~ci~ th~ 'Zlst' day of ~CtObe! ,/?.0. 19 75
_ b~tvw~n
Orvi~e R. Pazks and Inuise r partc: tii: ~i~Q
of - St. L1C~e CpMty Fbrid~, iw~in~h~r daipnated ~a the "MORTGAGOR;' and fIRST FEDERAI SAVINGS AND (OAN
ASSOCIATIOH OF FORT PtERCE, a oapor~tion orpanis~cl and ~xis~inp undM 1!w law~ of tlw Unit~d S~ata of /4n~ric~ ~nd Mvinp it~ p~ir,cipal pt~p of
bu~ir~a in tM Gty ol Fort Piwn. SI. luci~ County. Florida, h~t~IqahK d~sipna»d ~s th~ "MORiGAGEE."
WHEREAS th~ MORTGAGOR is j~ritly ind~bad w tM MORTGAGEE in tM sum of ~ 83 pood ~~d iawful mon~y of tF» Unit~d
S~~t~s ~dvanc~d by the MORTGAGEE u~to th~ MORTGAGOR, ai eviJ~.xed by • urtai~ promissory ~w1~ of ewn d~q Mrwvitly of wh;ch IM foliowinp in
word~ u?d figurq b a tr~ topY. fp,ail:
~ N, 13000199
~wr P~..~.. F~«w,, Oc tobe~ 21 ~91'
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For valw r~uiwd, 1, vw or ~itha of us, p.omise ro pay, without d~falcation, to tha wder of FIRST FEOERAI SAVINGS AND IOAN .ri~C1AT10N OF
FORT PIERCE at Fat Pi~rc~, Flwida, the sum of = 83~00~.~0 with inter~st irom date ~t th~ ~~I~ oi ~_9L psr u+nurty in ~nor?thly Gabll-
menri a foUows: ~ 697 -00 p~ 2Qtlf ~y o f Dae` abe,L- 19_~_ and a lilc~ sum on tM oarespondinp d~y of ~ach month thN~-
afttr until the wfiofe be fully paid.
E+ch irutallme~t tirst shall b~ applied i~ paymem of ths inttreit u~d then on tM uqpaid balance of the p~incipai sum. if dsfauit is m+d~ (n ih~
p~yme+N of any instaHment wMn due, snd wch defavlt continu~s 30 days, th~n at the optwn of ths hoWe?, snd withovt any othe? notiu, all ths r~ininp
installm~nts sMll be due ~nd payab:s st once. P~ivilep~ is ~iven to prepaY tha not~ in whol~ or in psn at ~ny time withow pen~ity. Neithar fonb~inna,
nor ~aeptanc~ by ~he holder thsreof ~fter any def~vh in a~Y p~ymtnh hereon, s1u11 b~ deemed extension. A late payment cMroe of i 3~ ~tl b~
added ro each Installment remalr?ing unpaid 7 days aita ib du~ cl~t~, and a lik! s~?m ahall ba sdded ro esch such ir~st~llment ~~maininy ~~paW 7 d~pt after
eati~ sucteeditg paYment dats. `
E~ch maker; ivrety snd endaser hereof, jointly and severdly, w+ives dernand, prese+?~ment proteit ~rxl notic~ of protest fw nonp~yment. and furtha
ag?ees to a~y exteru~on of time of payment, e~iher betora or after malwify, without notice to a~y of us; ~nd to pay ~II costa of collectia+, includ;np a
reasonable attorney's fee in the event of any de(auh hereunder, ~nd~haeby severally wsives all benetit of homestead and exemption under the constitution
• and I~ws of exh S~ate of 1M Un+ted States, as ags~nst this obligatiw~ pr sny ~xlewsion or reoewal hereof. -
~tneis tM hand snd stal of e+ch party. .
_ S~ Ortr31l+`_ R: : pa rks ~
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~ - tsE/w
S/ Louisp Parks - ~,~,y '
124 . 50 ~
( ,1 Sqt~ Rwenue '
f=wrps ianaeJl~i,.oo ari~i~L aut~) '
NOW, THEREFORE, ths MORTGAGOR for the p~ryo~e of ~ecvr' 83 OOO OO y
ng paym~nt of uid wm of ~ s •
cownanb and sp.km~nts hsreinafte~ expressed. and fw divers qood ~nd valwbl~ cor?sidtratio~s, by thes~ presenb. do~s yraM, brpain, s~ll, r~mis~,
release, convey and confirm unro the MORTGAGfE, in suaessoa ~~d ~uipns, dl th~t cert~in lot, pi~n or parcel of I~nd, sitwts, lyirg. ~d beiny fn fh~
~ry ~ St. Lucie s~d. of Fb.ida, d..~.ie.a rdlow.:
I
Lot 9, Block I16, SWTH PORT ST. LUCIB UNI? 4, as per plat thereof on file in
Plat 8ook 13, pages 11, l1A thru 11C, public records of St. I,uc i~e Couaty,
Rlorida, •
By agzee~~~nt of Mortqagor and Mortgagee on file with Mortgagee, the within
~ortgage secures not only an ecisting indebtedness, but also AD~f1pN(~g to be -
HBREAFTER aade by Mortgagee to Moztgagor, the aggreyate of whicb wi21 equal
the pzincipal aaount specified in the pronissory n~te secured hereby,
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i raperhar with all and aingvlar the tarwm«?ta, F~eredit~menn and ~ppwtancei tFwe~nto bdonpirg or in ~nywis~ apperfaininp tlwreto. ~nd all nrN!„ b~up,
; proce~ds ~nd profits accruirg and to accrue from ssid premiset, dl of which ue indud~d in the sbov~ and fw~yoirg dncrfption ~nd h~b~ndwn,
~ TO HAVE AND TO HOID the ~bov~ dewibed and 9nnted premi:es umo tht wid MORTGAGEE, ifs waeswn ~nd assipes fwswr. Md th~ tald
! MORTGAGOR fa thQ~= hein, execwas, sdministraton and suiyns, hereby ooven~nh with fhe said N1pRTGAGEE, ib woc.~sors aod assiyrK„
i rhat t~l~{/ a re ~,~,fuNy seized of the s~id premises in fe~ simples that tiw sarn~ u~ free, cl~ar ~nd d'isci~arp~d from all Ifur and ~nuin~.
i brances in law a i~ equity,+~ that
thev will and - thei* hein sF?~II w~rrant and d~fsnd ths titb 1o tFw urn~ to th~ pId
` MORtGAGEE, ita tvccessors and auiyns, fa~ver ysimt th~ lawfvl claims ~nd de~nu~ds of al) penom:
f
PROVIDED, AlWAYS that if the MORTGAGOR sF»II pay unro rFa MORTGAGEE tM promiswry noM h•r.inbefor• describ~d ~nd shsll tn?ly, promptly
and fuly perfwm, d~scMrge, exscut~, compkt~, comply with ~nd abid~ by each and wKy tM stiputations, agre~mems, conditiona and ~v~n~ffs of ss~id
promluo~y note ~nd of this MwtgaQe, then this Mwtga~ and Il~s Estate h~reby utated shall pass and b~ rwll and roid.
IT IS UNDERSTOOp tMt the wo~d "Mortyigor' whether in the sinpular or plunl anywher~ in tfiis Mortpipe, ahall b~ sirgulw if on~ only ~nd
; sh~ll b~ plural jointly and sewrally if mor~ than on~, and that tM wad "thei?" ~s us~d a~?ywlwr~ in this Mwtyp~ sh~ll b~ qkan to m~an "hb,,•• '7Mt~„" ~O :
: w"in," whereva th~ context w impliet o? ~dmin. Also, tMt wl~erever the~e is • r~isrenc~ in th~ coven~nts ~nd ~yreem~nq herein aoMaie~d ro any of ~p '
'j the parties hereto, the sam~ dull be consmred to me~n ~s well a the hein, leyal npresentat'nes, succeswn and assipru (eith~r votuntary by ~ct of tiN ~w
psrties o~ involvntary by opaa~ion of the law) of the s~me and that the covenanri herei~ contained shsll bi~d and tha benefits u~d adv~ntg~ irwr~ ` v'
to the respective hein, 1e9~1 representdives, successon and ass%giu ot the parti~s hereto. ~
Md wd Atiorty.~ors, fw themselves and thsit i+ein, k9+1 represenrariws, wueuws .nd .asipns, hKtby jointly ~nd s~wrally oov~nant ~nd apne
t o u ~ d w i t h t h ~ ~ a i d M
O R T
G A G E E, i t s s ~ t
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s i y ~ s:
~ 1. To pay all ~nd ~irgulu the pri~cipel and imerpt uid ths wrious and t~ndry swm of ~
mortyape, each ~nd ~wrY. Womptly on the d~ys respect~v~ty th~ sanw severally becor?k dw. ~Y WYsbl~ by virtw of said promissory nof~, u~d thk
; 4. To pay ~II and sirgulu tl~e fa:a, auessm~nri, {wi~s, liabilitia, oblipstiom ~nd encvrnbra~ca of ~vrry rwhw~ and kind naw on s~id d~wib~d
F P?q»?b. a that here~he? rrwY be impasd, suffered, placed. Iwied, w ass~ased therwn, or that hn~afta m~y M Iwied a ataswd upon thi~
~ +ye, a tM ind~btednea sacur~d hereby. ~sch and ~wry, wMn dw and pay~bl~. ~ooo~d~np b I+w, b~fon tMy bscon~ ddkqwnt, and b~for~ any i~
! att~ches pr any penalty is i.~wned; ANO INSOFAR AS ANY THEREOF IS OF RKORO THE SAME SHAII dE PROMPTIY SATISf1ED ANO DIS~'_FIARGED OF
f RECORD AN~ TNE ORIGINAL OFFICIAL DOCUMENT (SUCH AS, FOR INSTAPICE, THE TAX RKEIPT OR TNE SATISFACTION PAPER OffK1AL1Y EPWORSED
i OR CERTIFIED) SHAI! dE PLACED IN THE HANDS OF SAID N10RTGAGEE WITHIM TEN DAYS NEXT AfTER PAYMENT; and in tFw ~ve~M thtt any thaeof is nof
E P~~d, s+t:ified snd dixha-ped sa:d MORTGAGEE may at any time pay the same a~ny part thereof without waiving w affecting sny optan, IiM, poity or
I .iqht u~der a by vNtue of this morigaye and the fvll amount of eacl~ and eve?y wch payment shall b~ immediately due ~nd pay~ble ~nd yhall b~ar inhrqt
j ~rom the date tFKr~of umel paid af rate of nine per centvm per annum and toQethe+ w~th ~ucF~ inrNKt shall be secwed by the lien of th:s mwptay~.
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