HomeMy WebLinkAbout0104 3~~.4~1` ~ ~ I~~
THIS INDENTURE, Mad~ Ib~ 2~th day of NovLa4„bQr A.D. 19 betw~ee~
Albert L. Phil l ps and 9renc~a Phil j i~~. l~t~ ri fQ
of - St. LLIC~~ , Cqin~y Florida, hNeinatlN de~igna~ed ~i the "MORTGAGOR;' snd fIRST FEDERAI SAVINGS AND IOAN
ASSOCUTION OF FORT PIERCE, ~ corporation wyanized and exiitinp unda tM laws of th~ Un~ted Stat~i of Arnerit~ ~nd luvinp in ptirxipal plac~ of
b~unsu in ~M City of fwt Pi~rca St. luci~ County, Flaida, Mr~inafqr d~sipna~ed ~s rM "MORTGAGEE:'
WHEREAS tM MORTGAGOR h justly irxkbted to ths MORTGAGEE in the sum o( = g0+~0~~~ , good and lawful money of the Un~ted
Statet advanced by the MORTGAGEE unto ths MOi2TGAGOR, as evidenced by a certa~n p~omisswy note of even da~e herewi~h, of wh;ch ths follow~~y in
wads and fiy~res is a trus copy, to-wit:
~50,000.00 ~ 10021691
Fort Pierce, Fiwida, NovQab~r 2~ 1975
For value received, 1, we a either of us, promiss to pay, without defalcation, to thr order of FIRS~ FEDERAI SAVINGS AND LOAN ASSOCIATION OF
fORT PIERCE al Forf Pierce, fbrida, the s~m of S 50,0~~-- w,th interest (rom date at the rate of 9s~O pe~ annum, in monthly install-
menrs as fotlo.vs: 5458•~ _ on ~he 2Othday of Janua?rv 1976 _ and a like sum on tM care~pondmg d~y of ea<h month therr
af~er ~nti~ ~he whole be fully pa1d.
Each installment (irs~ thall be applied in paymenl of the interest and then on the unpa~d balance oi tF~e princ~pat sum. If default is made in the .
payment of any installment when due, a~d such defaull cominues 30 daya, then at the optqn of tht holder, and withaut any othe~ not~ce, all the rsma;.iing
installment~ ahai! be due and payable at once. Privile~e is given to prepay this note in whole or in part at any t~me without penalty. Neither forebearanta,
nw acceptance by the holder the~eof after any defa~lt in any payments hereon, thall be decmed eYtension. A lare payment charge of =_22! ~ shall be
added to each installmcnt remaining unpa~d 7 days after its due date, ~nd a~ike sum shall be added ~o Pach such instailment remaini~g ui~paid 7 dsyt aher
each succeedirg payment date.
Each maker, su~ety and endorur haeof, jointly a~d severally, waives demand, p~ex~tment protest and not~ce of proteat fw nonpayrnenL and further
ag~ees to a~y extension of time of paymenl, eithe~ before o~ after matur~ty, wi~hout not~ce to any of us; and 1o pay all costs of collection, i~+cluding a
reasonable attwney's fee in th~ event oi any defaul? hereunder, and hereby se+eraily weives all benelit of homestead and eaemption under the constitWion
and laws of each State oi the United States, as against this obfi9ation p arty extensio~ or renewat hereof.
Wi~nesa the hand and ~eal of each party.
s/Albert L. Phillfps ~Aq
cs~?u
s/Brerxia G. Phillias ~i~
~ ~7S • ~ ) Stara kevenw ~U
NOW, THEREFORE, the MORTGAGOR tw the purpose of securing payment of sa+d sum of s 7~~~~•~ , and the perfwmance of ths
covenants and agreement~ hereinatter eapressed, and for divers geod and valusble considerst~ons; by thess p?ese~ts, dces gran~, bar9ain, setl, ram7se,
relcase, convey end confirm unto the MORTGAGEE, its tuccessnrs and sUigns, all Ihat cenain lot, piece or parcel of land, situate, lying, and being in the
Covny of - St . Lueie ~od Si~te of Fb~ida, dewibed as follows:
The SW
4 of the SW'~ of the NW~, LBSS thf West 467 f eet therQOf , of Sect ion 12 ,
~ Tamahip 35 South, Range 38 Sast, _
~w?isE~.s ` j~_~3_S -Gc~G~-~?c~~~
t~ ~
By agYeeaent of Mortgagor and Mortgagee on file with
Mortgagee, the within soYtgage secures not only an
existing indebtednesa, but also ADVANCBS to be HBRB-
AR?BR made by Mortgagee to Mortqagor, the aggregate
of which will equal the principal aaount specified
in the pzo~issoYy note secured hereby.
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~ r~! ~ ~ t : y RECEI{IF~ j.~ - CrZ~
I ~ - . : Ki ~'~'~:tE ~ - - - ; DUE ON CLAS6 'L" INTAN616LE NpFJ~9pNAl PRp EQ~
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~ j_ = _ W1R9UAMT )0 CHRPfF4 V •
..g =~~~~o•~s 7 5. 0 Q~ ac,~~'ro
e~.~ of iy~i.
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to9etMr w;th all and singulsr the tenements, hereditsments and appurtsncet theretrnto belongirg a i~ anywise appen~ining the?eto, ~~d ~II rents, iswts,
proceeds and profin accruirg and to sccrue from ssid p~emius, all of which are induded in the sbov~ and fw~egoing desaiption ~nd Fubendum.
TO HAVE AN~j TQ HOtD the above desaibed snd granted premises unro the said MORIGAGEE, it~ succeuors snd usigns fwever. Md tM fafd
MORTGAGOR fo~ ,t-"elY heirs, executors, administrators and astign~, hereby covenants with the said MORTGAGEE, its sucussors ~~d aaiptu,
that - the~? dre- lawfully seize~! of the said p~emises in fts simple; that the aame are free, ck~r ~nd diuharged irom all lieru u~d Mtvtrf
brerxes in I~w or in cquity, and that they will and thQ~ r hri~s shall warrant and defend the titt~ to the serrw to the iaid
MORTGAGEE, its successors and assigns, forever agaenst the (awful claims and demands of all persons; -
PROVIDED, AlWAYS tMt if the MORTGAGOR sMll pay unto the MORTGAGEE the promiuory note hereinbefae dewibed and ahall truly, promptiy
and fully perform, d~xharge, execute, complete, comply with and abide by exh and every the stipulstions, agreemenb, conditions and covenants of taid
promissory note and oi this Mortgsge, then'thii Mwtgsge and the Estate hereby ueated shall cease and be null and void. x
IT IS UNOERSTOOD that tht word "Mwtyayor" whether in the singular w plural anywhere in thes Mortgage, shall be sir?qulu if oi~s only ~nd 1
shsll be plural joiMly ~nd seveully if more thsn one, and that the wwd "their" as used ~n here i~ this Mort ~ '
yw paye shall bs taken to mesn "his: ••'hen e-~j `
o~ "its;' whe~ever the context w implies a ~dmits. Alw, that WF1lflVN there is a reference in the covenants and ~greements herein cont~ined to any of
tF~e parties hereto, the ume ihall be construed ro me~n as well as the hein, {eyal r~preaentatives, iuccesswi and as~iyns (either volunury by act of th~
parfiea or involuntary by ope~ation of the Isw) of the same and that the covenants herein contained shall bind and +he benefit~ and advantsgp inure ~
to the respective heirs, kga) repreuntativea, successws snd au~gns of the p~rties hereto. ?S7~ ;
And said Mortgsgon, fa themselves and their heirs, legal repreuntatives, succeswrs ~nd assig~s, hereby joinNy and sever~lly covsn~nt ~nd yr~e ~
to ~nd with the said MORTGAGEE, its s~ccessort and assi9ns: ~
1. To pay sll and •inputsr tFK princip~l and ;nterest snd the various and sundry sums of monry payable by virtue of uid promiswry ~ote, and this ,T
mortgs~e, each a~d every, promptly on the dayi respestively the sune sev~rally becorns due.
2. To p~y all and ~ingulsr Ihe taxes, assessmenn, leries, liabilities, obligitions and encumbrarxet of every nature ~nd kind now on ~aid d~scr~d ~
property, or that hereafter nuy be imposed, tuHered, plxed, levied, or ~ucssed tF~ereon, a that here~fter may b~ levied a usessed ~rpoo thit Mort¢
ape, w tM indebtadneu secured hereby, each and ~very, when due and pay~ble, ~ctordir~,to Isw, before they become dslinquant, ~nd befon any inter~st ~
attaches or eny penalty is incvrred; ANO INSOfAR AS ANY THEREOf IS OF RKORD THE SAME SHAII BE PROMPTLY SAi15FIED AND DISCHARGEO OF ~
RECOR~ AND THE ORIGINAL OfFIC1Al DOCUMENT (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSEO
OR CERiIFIED) SMAII BE PiACED IN THE HANDS OF SAID MORTGAGEE WITMIN TEN DAYS NEXT~ AFTER PAYMENT; ~nd in the event that any therwf i~ ~ol
paid, sat'sfied and dixharged sa:d MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting •ny optipn, lien, equify ot
•iqht under w by virtue of this mortgage and the full amount o( each and every ivch payment shall be immediate~y due and payabk •nd thali bea~ int~qt
~rom the date thereof until paid at rate of nine per ~entum per annvm and royHher w~th such interest shall be secured by fhe lien of th:s morytpe.
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