HomeMy WebLinkAbout2328 f Y
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. _ 32,0954 ~
THIS INDENTURE,~.d~ ,i,. 31st d.r Qctober ~ 75 b.n,,,..~, • ~
_ Tiaothy Phillips and Jeraline Phillips. his ~rife 19~
of SL. Lucie Cp~nfy Flaid~, htrttnattM dtsipnated ~s 1h~ "MORTCAGOR;' ~nd i1RST FEDEilAL SAVINGS AND IOAN •
ASSp~,UT1pN OF FORT PIERCE, a aoapo?aiio~ apani:~d and ~xistinp ~ tM laws of tM Unit~d St~~a of Am~rka and h+.i~p i~ principa) plaa of
buuntss M tM City oi fort Pierc~, St. lucit County, Fbrida, iarfin~ftK d~sipn~t~d as th~ ~(YIOqT~l1GE~
1 ~ 400.
WHEREAS tM MORTGAGOR is j~ntly indtbted to th~ 1NORTGAGEE in rhs ~um of = ~ 9ood and lawivl mc~+eY oi tM lf~ited
S~ates advarx~d by 1M MORTGAGEE unto IM MORIGAGOR, as evidenced by a ctru~n promasory not~ of even date Merewitly of wfi:ch ths followin~ in
s~d~'n~~u.ql js a true copy, to-Ni~: ~ ~ 11~00364
4 UU
P;,K,, F~,, October 31 14 75
Fw wlue received, 1, we w either of us, promise to p~y, without defalcarion, to the o~der of FIRST FEOERAL SAVINGSS
ANO LOAN ASSOCIATION Of
FOR1 PIERCE at Fa~ Pierce, Florida, the svm ot j`1},4~_..2._4~ w~th interes~ (rom date +t ths rate of 9•~rper annum, in monthly int1~11-
~:,e~~rs as foltows: i 141. ~ on the ~t'fJay of ~eember ~q__ ~JSand ~ ~~k~ sum on the cor~eipoodinp day of e~ch month therr
after until the whole bs iully paid.
Each installrt+ent'fint thall be app~~ed in payment of the i~rerest snd ~hen on the unpaid b~lance of the principal sum. If dei~ult is mad~ In tF~e
y,aymeM of any installmen~ when due, and such default continues 30 daya, then at the option oi the holder, and v~ithovt any other notice, all the remaini?~
:nsiallmentt ihall be due and payable at o~ce. Privilege is given to prepay this note in whols w in p+n N any time wilF+out p~n~lty. Neit~ f4nbearanc~.
nor acceptance by the holder ~hereof after any default in any p~ymenti hercon, ahall be deemed extension. A lare paymee+t chugs of = • U5 ~
od~ed to eazh inatallmeM remain~~g unpa~d 7 days after its due date, ~nd a like sum ahall be added to each such installment remei~i~ny u~+paid 7 days after
each succeeding paymeM date.
Each maker, i~rety a~d e:~dorur hereof, joi~tly and severatly, wa~ves demand, presentment protest and nofice of protest fw no~payment, and fwth~
agrees to s~y extension of li~ne of payrnent, either before o~ after ma~urity, without not~ce to any of us; and to pay all tosts oi cdlectan, includiny •
rr~:onable attorney'a fee in the event of a~y defaulr hereunder, and i~e~eby severally waSves a~l bene(it of homrstead and exemption under tMe tonstiMion
a~~d laws of each State ot the United States, as agsinst this obligation w any extension w renewal hereof.
Witness the hand and xal of each pa~ty.
S/ Timothv PhilliDS ~
Jera ine Phi ps ~ ~
t5~?U
- (SE~?U
( ~ 21. ~ i State Revenua
~~~~~~~X 14 400.00
NOW, THEREFpRE, the MORTGAGOR for the purpose of secvring payment of ssid sum of = ~ , ad tl+s performance of tl»
covenanb and a9reements hereinafter expressed, and for divers good a~d valusble considrations, by thes~ preser+ts, does yr~nt, bar~ain, sell, remiss,
re!ease, convey a ~pn fir~q unto.the MORTGAGEE, ih ~uccessws ~nd ~sag~s, all that certain bt, pieoe w pucel of land, sitwft, lyinp, ~nd beinp in ih~
, County of ~T~ LuCle and State of Fbrid~, dewibed as followu
Lot 1, Block 3, according to Plat of IR6NB PLAZA, vrhich said plat vras filed
September 19, 1951 and recorded in Plat Book 9, page 33, public records of
St. Lucie County, Florida.
By agreement of Mortgagor and Mortgagee on file with the Mortgagee, the
within mortgage secures not only an existing indebtedness, but also ADVANCSS
to be HfiRFAFTSR made by Mortgagee to Mortgagor, the aggregate of which
will equal the principal amount specified in the promissory note secured
hereby.
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~ N STATE ~F FLE~ R{ D A~ R~ ~ G IR PAYMEM OF T11Xt~
n` D~ C J M E N~ L~ R Y,f~.,
-.;;`,STAMP T!l?; ! DUEON CIASS'C IMtANr, I B L E P E
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RC1S OF 1971. ~ ~ ~
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rogether with al{ snd singular ths tenements, hereditsments •nd appurtances thereunto bela+yinp w in anywbe ~ppertainiep tF~ereto, and all tenri, Issws,
oroceeds and profits xcruirg and to accrue from said premises, all of which sre included in the above and for~po'w~p de~«iptlon and Mbendum.
f TO HAVE A T0. H010 the above described and g~~nted premises unto the said MORTGAGEE, iri svcussors ~nd assgra fuwar. Md fM ~aid
~~eir
j !r,ORTG qGOR for - hein, executas, sdministrstors and sssigns, hcrsby oove~u?ts with the said MORTGAGEE, its sva~ssots and assipM,
~ +hat they aIe - lawfully seized of the said premises in fee simple: that th~ wme ue frse, clesr and discharged from all Ile+a and ~
orances i~ law w in cquity, and that they W~~~ their hein shall w~rrant uid defent! tM titM to th~ samt to Hw wid
; ;",ORTGAGEE, in auccessws and auigns, fwever agsimt tFa lawful cleuns and dcrosnds of all persons;
~ PROVIDED, AlWAYS that if tM MORTGAGOR shall pay unto the NIORTGAGEE the promistory not~ hereinbefue dat?ibed ~nd shdl ttuly, ptomptly
~ and fully perform, d~xharge, execute, complete, comply with and abide by each snd every ihe stipulatiw~s, ~yreen?ents, tonditans and cov~nants of said
~rom~sswy note and of this Mortgage, then this Mortysge and ~he Estate he~eby aeated shall ceass and be null and void.
~ IT IS UNDERSTOOD that the word "Mort9agor" whether i~ the singular w plurd anywhers in this MatyaQe, ahall be sinpula if on~ only and
shalt be plurel 'pintly ~nd ~everally if more than one, +nd tMt the word "the7r" as used ~nywhere in this Mwtp~ sMll be taka~ to rn~~n •'his," "Mn,••
' cr "its," wherever the context w imp!ies w admits. Alw, th~l wherever there is a ref~rence in rhe corenaon ud ,pr..me~n 1~er.in aonrat~sd a.oy of
~ ihe psrties hereto, the same shall be construed to me~n as well a~ the he7n, leyal r~presentativet, waeuors aod assipm (~ither voluMary by ad of tlN
¢ partie3 or invotuntary by operation of the law) of tt~e iame and that the covenants herein cu?tained shall bind and tM ben~fit~ ~nd dvsotsQu kwx~
~ eo the respective hehs, kgal rep?ese~tstives, succeuon and au'yiu of the partiea hereto.
x And ssid Mwtg~9ort, for themselves and their hein, leyal represenutives, wcc~stors ~nd augns. Ixreby jointly snd s~veralF~r oov~nant and apr~e
~ ro and with tfie said MORTGAGEE, in successon snd auigr~s: ~
r
~ 1. To pay alI and singvbr ths p.incipat and inrerest and the wriovs s~d itindry swns of mwwy paYabt~ by virtw of s+id promiswry ~ots. N+d tNs ~
; morfg~ye, ach and every, promptly on th~ days respecrrvsly the same sevsrally become d~e. ~
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~ 2. To pay all ~nd iugvl~r the qxes, u~esunena. Iwies, liabiliti~s, obligatiora ~nd encumbrarKU of wery n~twe and klnd now oe~ said deia~d,^
Property, or tl+at F~ereaher may b~ imRosed, iuffered, placed, levied, a~ssessed therwn, a tMt Mreafte~ may b~ levied a aswswd upon tl~is Matp~
~ age, a the indebt~dness secured F~ereby, esch and every, wt~er? d~e ~nd paysbk. ~ccordirg ro taw, b~fon they bewme delinquMt, and b~fon ~ny Marat ~
~ arraches a any pe~alty is int~rred; AND INSOFAR AS ANY THEREOf IS Of RKORD THf SAME SHAII 6E PROINPTIY SATISf1ED ANa DISCHAltGED OF~
RECORD ANQ THE ORIGINAL OfFICIAI OOCUMENi (SUCN A5, FOR INSTANCE, iHE TAX RKEIPT OR THE SATISFACTION PAPER OFfIC1AllY ENOORSED ac
~ OR CERTIFIED) SHALL SE PLACEO IN THE HANDS OF SAID MORTGAGEE WITMIN TEN DAYS NfXT AfTER PAYMEN7; ~nd in the w~tH tMt a~y Hxt~of Is r?Ot~o
~ paid, sat"sfied and dixheryed sa:d MORIGAGEE may al any fime pay the ssme p any p~rt thereof witho~t w~iviny or affetting any option, fien, eq~rily otCcp
~~qh~ u~der w by virtue of this mortgage snd the full amount of esch and every such payment ihall be immediattly dw and p~yabk •nd sFull bea~ inter~sl
<<om ~he dafc ~he-eoF ~ntil oa=d a+ rete of nine per centum per annum and loyethet with such inferesf thall b~ setwed by fht lisn of th's morgtage.
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