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. THIS INDENTURE. Mad~ ths 23rd ~y af December A.D. 1975 betw~en
Kenneth W. Morgan and Joyce M. Morgan, his w fe
of S~ .~'uC e County Ftorid~, Mroineftsr detignated ei 1he "MORTGAGOR;' and FIRS? FEDERAI SAVINGS AND IOAN
ASSOCIATION Of iORT PIERCE, • co~paation ap~~ized u?d existinp undar ths laws o( Ihe U~~~ed S~at~s of America and hevirg ib principal plac~ of
bwiMU in ~M City of Fwt Pi~rc~, St. l~ci~ County, Florida, herei~aft~r daipnated ths "MORTGAGEE:'
WNEREAS IM MORTGAGOR is juitly indebled to ths 1NORTGAGEE in the sum of s 38 ~ 2OO • 00 _ good and lawful money of the Unlted
States ad~ranced by the MORiGAGEE unto ths MORTGAGOR, as evide~ced by a cer~ain promissory note of even drte hrrewith, oi r.hich thr Eollowiny in
wwdi and f~y~re: is a Irw copy, towit:
= 38,200.00 yp 10021725
fort Pierce, Flwida, ~cember Z.i 19'~-
fw value received, 1, we or either of us, pro38 t2o pay, Ow~iOthout defalcation, to the erder of fIRST FEOERAL ~AV~iNGS AND tOAN ASSOCIATION OF
FORT PIERCE at Fort Pierce, Florida, the sum of = ~ W~ w~th ir.terest from date s? the rate of9~ _ n~er annum, in monthly instalM
mentf ~t (ol!ows: S 321 • o~ Ihe `~th day of F~btUd!}I ~9 76 and e li4e sum on the cwreipond~ng day of each month therr
after umil ~he whole be iully paid. t
Each installment firsf shsll be appliad in payment oi Ihe interest snd then on 1Fr_ unpaid balance of the prin~~pal sum. If default ii made in tM
payment of any inataflmenf v~rhen due, a~d such defavlt tonlinues 30 d~ys, then at the opt~on of the hoid~r, and wiihout any other notice, all the remai~ing
insullmenti shall be due and payab:e at once. Privilege is given to prepay this note in whole or in part at any t~me with: ut penalty. Neither faebearance,
nor atceptsnte by 1he holder thereof after any default i~ any payments hereon, shall be deemed ex~ens~on. A late payment charge of j1 6. ~5 , shall be
added to eath installment remai~ing unpa~d 7 days after in due date, and a like sum ahall be added to each su:h installment remaening unpaid 7 days atfet
each succeed~ng payment date. '
Each maker, surety and endorser hereof, jointly and severally, waives dem~nd, presemment protest and notice of protest for nonpayment, and funhe~
agrees to any extension of time of paymenl, eithe~ be~ore w after maturity, without not~ce to any of u~; and to pay all costs of collection, includin~ e
reasonable a~twney"s fee i~ the evenf of ~ny detauh herevnder, and hereby severally waives all benefit of homestead and exemption under the constitutan
and law: of each State of the United Stases, as against this obligstion o? any extension or renewal herepf.
Witness the hand and seal of esch party. . ~
s/Kenneth W. Morgan
1 ~`1~ I^ f~! 'h ~ (SEAU
, • s oyce . argan ~i~
ls~W
~ $57. 30 ~ State Revenue ' - •
israrr~s onceMed ~er on~+,al-n~~e) 38 200. 00
NOW, THEREfORE, the MORTGAGOR fd the purpose of tecuring peymenf ~f said sum of S • and tihe performsnce of tFw
covenanb ~nd sgr:ements hereinafter expressed, ~nd for divers good and valwbl~ considerations, by these presents, does grant, bargai~, sell, remi?e,
release, convey and confirm unto th4 MORTGAGEE, ib iucceuws and ~sfi~n~, ell that cert~in lot, piece w pucel of land, situate, lyi~g, and being in the
County of St. Luc~eti and State oi Fbrida, dsavibed a~ foslow~:
Lot 2, Block 3, LAKBV~CaOD PARK, UNI? 8 A, as per plat thereof on file in Plat
Book 11, Page 47, Public Records of St. Lucie County, Florida,'~
`-.Rr•.-~..J V ~ _ I
USE ONLY ~ j~ I~(Q C~ 1. ~Jp~j
By agreeroent of Mortgagor and Mortgagee on file with
Mortgagee, the within mortgage secures not only an
existing indebtedness, but also ADVANCES to be HERE-
AF?fiR made by Mortgagee to Mortgagor, the aggregate
of which will e~ual ~he principal amount specified
in the promissory note secured hereby.~
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`'s, .--a ! C ~ t~ +-r?. : ~ ~~ti'EL ~ PAYMIXi OF ~rz~~
~ ,.'.~~J'a~N'h`r'v . : ~IA~`1!'r'
; ~ _ _ • _ :3~.1E ON ClA~ 'C' •i~T:~!G~9lE PfRS~UNN. PROPE!+~'
{ z_ ~ :f ~i.~~.'.:~i •:'i ~ PIfR511A'!T TU _ • : 71-134, I~TS OF 1911.
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togeth~r with ~II and sir+gul~r the tenem~nts, hereditamenb and sppurtances thereuoto belonging ot in anywiu appert~ining thereto, a~d all rents, issuts,
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~ procesds and profin ~tuuirg and to accrue from asid premiset, all of wfiich are included in the above and foreqoiny deuription and habendum.
~ TO HAVE AND TO HGlO the above desuibed and granted premises unro the said MORTGAGEE, it~ successort snd sssigro fortver. And tM sald
~ MORTGA~
R fw their executors, adm~nistratws and auigns, hereby covenants with the iaid AhORTGAGEE, in su~cessors a~d ~asiQro,
~hat ""ey ar e ~~ully seiud of the said premises in fee simple: tMt the same ire free, clear ~nd dixharged from sll liero and ~ntuef
brances in law or in equity, snd thst thev wi11 a~d their heirs sMll wsrrant ~nd defend the title to the sama to ths said
MORTGAGEE, its successors and suipns, fuever against ths lawfut claims and demands of all perwro;
- PROVIDED, AIWAYS th~t if the MORTGAGOR shsll psy unto tl+e MORTGAGEE the promisswy note hereinbefore described and shdl tru~y, {~omptly To
and iully perfwm, dischsrge, exec~te, compkte, comply with snd abide by esch and every the stipilstions, sgreemenb, conditions ~~d covenanb of said ~,T.
_ promissory note and of this Mortgage, then this Mortg~ge and the Est~te hereby vested shalf ce~se and be null anc! wid. ~
' IT IS UNDERSTOOD that the word "Mwtpsyw" whethe~ in tl+e s~rgvlar u plural anywhere in this Mortg~ye, shall be sinpulsr if on~ only ~nd ~
~ ~h~ll be plural jointly and severally if more than one, and th~t the word °their" as~4sed anywhere in thit Mortgage shall be taken to mean "ha; •••hen
or "iri;' wherever the context w i~nplies or sdmits. Also, that wherever there is ~ refere~ce in the covenants ~nd ~greements herein conqined to sny of ~
~ the puties Mreto, the sarrK shatl be consuued to mesn as well ss the hein, kysl rtpresent~tivss, successor~ snd au~gm (either voluntary by ~ct of tM
z partief or involuntsry by oper~tiw~ of the !aw) of the same and thst the covenants herein contained shall bind s~d the benefits and adwnts~es inur~ y
` ro the respective heirs, kyal representatira, wcceuws and su~gns of tF~e parties hereta ;
~
~ /1nd said Mwtgagon, fa: themulves and their heirs, leyal represent~tives, succesaors s~d assigns, hereby jointly and uvefally covenant and ayne
~ to ~nd with the s+id MORTGACEE, its succeuon and suiyro: • ~
1. To•pay all ~nd singular the prindpai and intertst ~nd the wrian ~nd sun~ry sums of money payeble by virtue of iaid promiswry nots, and this~
~ mwty~Qe. ~ach and every, promptly on tM day~ respectively the ssme sevtr~lly becorn~ due. ~
~ 2. To p~y ~II ~nd sinpvl~r the uxes. ~ssessments, levies. IiibiliY~es, obligatans and encvmbrances of every nature and ki~d now on said d~aaib~d
~ prop~rty, a thst hereaha may be impotd, sufiered, pl~ced, levied, w+ssessed thereon, or that hereafter may b~ lev~ed or assessed upon tF?is Morq-
~ a~e, a tl» indebtedneu secured her~by, esch ~nd every, when due aod payable, ~ccordinp to Isw, before ~hey become delinquent, snd bsfwe u~y imsr~st
~ anathes w+ny penalty it irxurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII BE PROAMTLY SAi1SFIED AND DISCHARGED ~F
~ RECORD AND THE ORIGINAt OFFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR TME SATISFACTION PAPER OFfIC1AllY ENDORSEO
Oit CERIIFIEO) SHAII 6E PIACED IN THE HANDS Of SAtO MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the evenf tMt any thereof is ra1
~ aaid, iaYifitd and discharged sa'd MORTGAGEE may se any time pay the same o~ any part thereof witl?o~t waiv7ng w affecting any option, lier+, ~qvity q
.iqht under w by virtue of this mortqsge and tfx full amouM of each and every such payment shall be immcdiately dve and psyable and thatl bear interqt
~ ~•om the dite thereof until paid rt rate of nine per centum per annum a~d together w~th tuch interest ihall be ucured by the leen of th's motqtaye.
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