HomeMy WebLinkAbout0621 ~ b~
319~88
iHIS INOENTURE, Mad~ th~ 24th d~y of ~t~~'r A.D. 19
75 bNwNn `
~ ,
Wil liaa 6. Reid and Linda S. Reid~ hi,~ rr fe ;
:
af St. Lucie f~«w.. Mr~in~NK d~sipn+~ed as ~M "MORTGAGOR," and FIRST FE~ERAL SAVIKGS AND IOAN ~
ASSOC'ATION OF FORT PIERCE, • corpor~tia~ w9aniud ~nd ~xiuinp wwla tM laws of tM Uo~tad St~as of Armriu and Mvinp it~ pincipal pl~a of
bvsin~~t in tM Ciry of Fwt Pi~ru. St. luci~ County: Flotid~, MniMh~r dM1pn~Nd ~s ~M "MORTGAGEE.°
WHEREAS tM MORTGAGOR is jwtly G~d~bt~d to th~ MORTGAGEE in tM sum of = '~~0•~~ , 9ood ~nd lawful ma»y of ti+~ lh~lted
Sutes ~dvanc~d by tFN MORIGAGEE unto th~ MORTGAGOR, as evidenced by • ce?tain promiuo~y note of even d~ie Mtwvitt~, of which tM tollowiap in
wwda ~nd fipurq is a hw copY. to-wit: '
~
~ 40.000.00 ~ 1300p181_
~o„ P;r,u, F~«;d,r October 24 ' 19~g,
Fw value r~ceived, 1, vw or eitF~u of us, promise to y, without d~falcauon, ~o the ordsr of HRST fEDERAI SAVINGS ANC-IOAN ASSACIATION OF
~u 40 ~00 00
FORT p1ERCE +t Fort Piau, florida, ~t» wm of ~ • with intere~t irom da» at ths rat~ of ~9 ::~6~per ~nnum, in monthly InttalG
~~n .s ~ottwrs: = 336.~0 2~tt1 d,y of Februa rv 19 76 ~nd a like sum oo th~ cor?espondu~p dar of ~~ch month t!?Kr
after until the whole be fu11y paid.
E~ch i~sullment first shall b~ appl~ed in p~ymem of tl?~ inte~est and then on the unpaid balance of the principal wm. ~ M d~faulf h m~ in th!
paymont of ~ny instailment -when dus, and such default oontinues 30 dayi, then at the opian of the holder, and wi~h~w! •ny other notice. NI Ih~ r~ininp
inst~llments shall be dve and psyabk at once. Privilege is yiven to prepay this note in wlwl~ ot~in pa~f a1 any time without ptn~lty. Neithe~ fotebtara~te, ~
nor ~tcept~nu by 1M holds~ thereof aftcr any defauit in anY p~Yments hereon, shall be dcemed e~cte~sio~. A late p~yment charge of ~ib' ~ sh~ll b~
added to tath installment remain+np unpaid 7 days aftet ifs dw date, and a like wm shall be added to each ~uth instsllment remai~iny uopaid ~ dar aftp ~
each svtceedirg p~Yment date. .
Each maker, surefy and endorxr hereof, jointly and seversl.'y, wa~vs~ demand, preu~tment proteal and notic~ of proteit fw nonp~ymer?t, ~nd fwiFwr
sgrees to +ny extension of time of payment, ei~her beEore or after maturiry, without notice to any of us; and to pay all m~ts of oollectio~, inctud'ug ~
reasonable anorney's fee in the event of any detault herev+?der, and hereby seve~ally waives ~11 oenefit of homestead and exert?ption unclsr ths tonstitution
and laws of each State of tFN United States, as against this oblipstion p any exta~?san w renewal hereof.
Wilness the FWnd and seal of esch pa?ty.
~ , S,/ Will~s~ Riaid ~ ~
. - - . . , cs~w
S/ Linda S. Reid ~
r 60.00 ) Stete Revrnue
(Stwnp? ~a1Mhl ~w ~~iy'w~l-neMY
NOW, THEREFORE, the MORTGAGOR for the p~~pose of securiny p~yrneM of ssid svm of S '~•~~•~O , and tM p~rform~rw of th~
coven~nb u~d ~yreemenes hersinafter ~expressed. tnd for d~ven 9ood ~nd valwble conside?ations, by these pr~senn. do~~ Qr~nt, baryai~, aell, r~mis~,
rekase, toovey +nd confirm unto the MORTGAGEE, ih successon and assipns, ~If 1Mt cert~in bL piece or putel of bnd, situate, (yinp, and beinp (n ths
Cax~ty of - ~t .~.tiCle . aed Sat~ of Florid+, dewib~d ~s follow~:
~
Lots 24 and 25, Block 6, INDIAN RIVER ESTATES SUBDTVISION UNIT 1, as
per plat thereof on file in Plat 8ook 10, page 43, public records
of St. Lucie County ~s~ •
~«nY • 3s/o~-~o~-oa/d-oo~
By agreedent of Mortgag~r and Mortgagee on file with Mortgagee, the
~vithin sortgage secures not only an existing indebtedaess, but
also ADNANCES to be HBREAF7ER nade by Mortgagee to Mortgagor, the
aggregate of which will equal the prirtcipal aaourit specified in
the pzoaissory note secured hereby.
b ~TA-i E~F FL_L~R~Dla t
' DnCUMENTARY.~=.~ ST o ~
' t~ M ,1,3 ~
'i Z `O C~Pi. OF REYENl3E A p~ pF jAxFS
` ~ ~ _ ~ J~ ~ C ~ ' 1H YA'(1~1 n
~ en P. e. _"C i 2Y7S E-:3i r~~~ s O. L/ RECEIVED ' pROPER a
o t ~ 02 pt1E Ot1 ClI19S 'f• 4NTAt1G~BlE ~R~~ 191L
, ~ ` ~ i Qu~tt To au~vrEa ~ ~Y C
f . . . . . ~ - - . . . . wosEa
i ~Rt( CtRCU1T OOURL St- ~~E Ce., FlA
E
t
~1 topetht~ with aU snd tingul~r the tenements, heredit~ments and appurtances thereuMO belanginy w in anywist ~ppertainirg Iher~to, and all rent~, istws,
1 prxeed• ar+d profin acuv~ny and ro ecuw frbm uid promises, •II of which ~re induded in ths abav~ and fapoinp dncription and h~bendum.
¢ TO HAVE ANO TO~ the abow deuriEed and granted premises unto tM ssid AhORTGAGEF, its wocetwrs and augns forwet. Md tM wid
' MORTGAGOR fw the-- heirs, executws, administnton and assiyro, he~eby wvenanri wit6 the said MORiGAGEE, its wocetson snd ~ssiyrw,
~~f • ttl@Y aIe ~awfully xized of ths said premises in fes simple; tMt tM san~ u~ fr~, clear and disclwped from al! liwro and ~ncw~r
brsnce~ in law a in equity, and that they will and thQ~ Y hsin sMll w~rrant and d~fend th~ titi~ to tM NrtN f0 tIM NW
MORTGAGfE, ib successors and aui9ns, forever ayaimt the lawfvl daimt ~nd denwnds of all perso~s;
~ PROVIDE~, AUtiAYS that if the MORTGAGOR sMll p~y unto the MORTCNGEE tM promissory rott hereinbefor~ destribed snd ~Mil trvly, ptompfly
~ and fully perfwm, d~xMrpe, sxecute, complets, compiy wi~h and abide by eac4 and wery the stipvlatia~s, apreernenb, conditlons and oowtwnb of aid
~ promiuory note and of tha Mortgage, then this Ma~gage ~nd the Estate haeby acated shall cease and b~ rwll ~nd void.
~ IT IS UNDERSTOOD t!?st the word "Mortyagor' whether in the singvlar or piwal ~nywhe?s in this Morty~yt, sbsll b~ sirgulu if ont only ~nd
~ shall b~ plur~l jointly and ~evcr~lly if more thsn one, and tMt the wwd "their" as used anywhero in this Mortysge shall be taken to mesn •'his,•• "h~n,••~0
w"iri;' wherever the conteat so implie~ or admin. Also, thst wherever there a ~ rsference in tl+~ covenann u~d ~greem~nb he?ein ooet~M~d fo anp of o
~ tM p+rties hereto, the same shalt be construed to mean as well si the heirs, leyal representatives, sutceuws ae+d suig~u (~ither voluntary by act of th~ o~
s parties or imroluntary by operatan of the Iaw) of the same and that the covensnri herein contained ahall bind and tlr benefin u~d advantapas inwt ~
~ to the respecthrs hein, leg~l r~presenfafives, wcceswn and su'yns of the parties Ixrefo. ~
Md ssid Mlorty+qws, fa themselves and their hein, leyal representativa, succes~on and auiqns, htreby jointly and s~wrdly aannant and prM ~
~ ro a~d with tFw said MORTGAGEE, its iuccetsors and assiyro:
S 1. To'paY ~11 ~nd sirgular tia principal and interest ~nd the variovs and sundry sums of moMy p~y~bls by virtw of said promisswy nof~, and ihts ~
~ mat9+p~. ~ach and ewry, promptly on tFk dsys respectiv~ly tM s~m~ s~verally becom~ dve.
2. To pay all and sinp~lar tM u:e~. ~ssessmenti, leviss, li~bilities, obliyations ~nd encumbranca of tvery rwtwe and k&~d now on said duaib~d ~
WopM~Y• or that hereaft~r may be impoted, wffered. P~+ced. Iwied, a~s~eswd N~ereon, a that M?eaha may b~ kvied or aka~d upa~ tld~ Mort¢
ape, a the indebtsdnea ~ecured h~.~by. ~ach ard ~vs?y, wMn dw ~nd pay~bls, acco~dirg ro law, b~fa~ thsy bacan~ d~linq~aM, and b~fon ~ny YM~t
attschts p sny pen~lry is incurred; AND INSOfAR A$ ANY iHEREOF IS OP RKORD TME SAME SHAII 6E PROAAPTIY SATISFIEO AND DISCHARGE~ Of
RKORD ANO THE ORIGINAL OFFICIAL OOCUMENT (SUCH AS, fOR INSTANCE, TNE TAX RKEIPT OR THE SATISfACTION PAVER OfFIC1AllY EWDORSED ~
~ OR CERTIfIEO) SHAIL BE PLACED IN 1HE MANUS OF SIAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENTj ~nd in tht tvaM that any tMr~of ia not
a paid, sat'sfied and dixharyed sa:d MORTGAGEE may at any time pay the ume w my psrt thereof wit}wut waivitq or afiecti~p ~ny option, li~n, pvity or
•iqht ~nder or by virtue of this mortgsge and the full amount o~ each and wery such psymcnt shsll be immediately due and payabk and shal! bea iM~tpt
~•om the date ther~of until paid at ~ate of nine per cenrum per anrwm and royether w~th such i~terest shall be secwed by tht (ien of th:s mwptap~.
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