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HomeMy WebLinkAbout0496 ~ 326t):~2 THIS It~tDENTURE. IN~d~ tFu 26th ~y ~ Jsnuary -~p. 19_ 7~MrMn Clifford R. Reddish and St~t~?1 ~P~. sh. his wilv of $t, Lucie ~~~y p~{~ ~{~~K ~iOnN~d ~s fh~ "MflRT(3AGOR," ~nd FIRST FEDERAt SAVINGS AN~ IOAN i ASSOCIAiION aF FORT PIERCE. ~ aorpa~tion orpani:d ~nd ~xutinp undM Ih~ I~w~ of tl» Uniqd Sbtw of /1m~~iu and havinp Ip pMdpal pl+a of bu~ fn 11» GtY d fort Piwa. St. Luci~ Cou~MY. Florid~. INninahN as~pnaqd ~s tFN "MORTGAGEE.° - WHEREAS tht MORTGAGOR b jwtfy indtbNd b th~ 1NORIGAGEE in IM s~ee~ oi : 23~ 9ood +nd I~wful ma+~y of tM W+it~d Sutq ~dw~ad by tM MORTGAGEE un~o Ih~ MORTGAGOR. ~s wid~nc~d by • catain promi~sory nW~ of evs~ d~~e henwith, of wFi~cA tiw fd~vrinp in word~ and fipurp b• trw copy. to-wils . i_~~ 60O .00 No 1 ~ p~, F~~, Jan~ v 2b 19_Z~l. fa wiw r~ived, I. we o~ ~iiM? of v~, promi~ ro pay, withwA d~f~lution, 10 ?h~ ord~? of FIRSi FEOERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE ~t Fort PiNa, Fbrida, tM wm of ~ 23 wlth intere~t trom d~ts N ths r~t~ of 8• 7~'7(. pN +~wn. i~ monthlY iro~+~N ?wnb u iolbws: = 195.A0 20th ~y of M8Y 1976 ~rd a lilu aum on tM corr~~pond'a+p day of each month /Mr~- •fttr until the wiwl~ b~ fvlly paid. . Each insuliment fint ihall b~ appliad in psyrnent of tM imere~l and tMe~ o~ tM unpaid b~laooe of the p?incip~l sum. If def~uh is msd~ in th~ paYment of u?y initat4nent wMn dw, and uxh defwh co~tim~es 30 days, th~n at the optioe~ of tM hoWer. and without any otMr notice. all th~ r~ininp ~~nutknenn shall be due .nd payabl. a~ a~c.. Privil.p. b yiv.~ ro prepay ~hk nof• in wF~ot. or in pan .ny t~m. wi~how p~n~tM. Pl~itha for~b~+~~na, . no~ accsptana by ths holda thereof aftK ~ny d~favlt in anY paYments hsreo~, sh+tl b~ deemed extsmion. A I~te p+yn+ent d?~+p~ of i 9•7g ~hall b~ adJsd to ~ach {ns?allment r~maininp unpaid 7 days ~h~r iri dw d+tl, and a like wm ~hall b~ added to e+ch such installrtro~t remaininp uepaid 7 dayi ~fttr ~ach wcaedinp P+Yme^t dat~. ~ _ Each maker, wrety snd ~nda~ Mrwf, jointly and sew~dly, waive~ d~mand, presentmsnt protest end notiu of prot~st for na~paymant, and fuMl+w t agrees ro u+y .a~eruan of ~~n+. of paym.nr, eithe~ b~fwe or after mawrity, withovt notiu to ~ny of us; ~nd to p+y atl tosts of colleclion, includ'ug a . reason+bb an«ney's iee in tM w~nt of u~y def~uh h~rw~, snd h~reby sev~rally w~ives all benefit of homestexl u~d ezempt~on under tlw aonsNtution and laws of e~ch Stat~ of tFN Uni~ed Stste~, as ayainst this oblipatlon or +~y ext~nsion or renewal hereof. ~ ~ ~ Witness rh~ h~nd. and s~+l of each par?Y. ' r: T• ~ . s/Cl~ifto~d; R.3 ~eddish ~y ~ i T~~ 1 C t'• 1 R . ~ s/Shervl P.•Reddiah ~ . l~U ~ 3 5. 40 a Sta» Rewr?w . ~6~•~o~wcribd~ wreA'inal ~++et~) NOW. THEREfORE, tF?~ kIORTGAGOR fw th~ P~~P~ WY~~^t of wfi! wm of ~_~3 *~0 . a~d th~ paform~nw of th~ cowraols and prMma~+q hasinafie~ ~xp~e~sed. ~nd fu d'ivers pood and valuablt consid~rations, bY thss~ Pns~^t~. does prant, barpain, s~ll, nma~. releas~, oonwp and ta+firm unb tM MORTGAGEE, its sva~ssort ~nd auipns, all tMt catain {ot, piet~ or parul of land, situ~t~, lylnp, and beinp in 1M ~r St _ 1_uC~e ~ and Stat~ of fbrida, d~w9bKJ as fdlows: i Lot 28, Block 407, PORT ST. LUCIB SF~CTION 3, according to the plat thereof on file 4 in Plat Book 12, Page 13, Public Records of St. Lucie County, Rlorida ? ~ _ ~~N~ ~ 3~ao - 5ro -od~ - v~/3 By agreesent of Mortgagor and Mortqagee on file Mith Mortgagee, the within mortgage secures not only an existing indebtedness, but also ADNANCBS to b¢ HBRB- ~ AFTBR aade by Nortgagee to Mortgagor~ the aggregate af which rrill equal the principal asount specified in the proa~issory »ote secured 6ereby. ~ E ~ . . ~ ° ~OCUM,~EN'~,~,~T,~R~Y~..-~ s~ ~R+?P~n~x 1 e~ '~~IN ~An~tEnr oF UAx~s °c~ s° D£PT.9~~1~ ' f ' ~ - DUE ON GA6~ ~C' NJM181~E rERSONAt PROPERIY~ ~.A ~ - y Pur~s~wr » aNVra n-~. ~ars oF iyn. ~ - ~3~4fli ~ = ~ ~ ro~~ 1 c~rnc c+Ran~t oou~, sT wc~ co~ Fu roy~th~r with ~II and ix~ulu ttw »nans~?ts. Mnd'name~+a and appwtances tFwreunto bdaginy w in ~nywb~ app~rt~in&g tMr~to, and all nn», htwa. proaeda and profin scuuirg and ro xaw fran s~id p?emis~s. ~II of whicfi an intlud~d in th~ abovr sed fonpoiap dewlption and hsbandum. TO HAVE AND TO HOtD tM abow descrih~d arw! prH?t~d premises unto the ~aid NWRTGAGEE, ita wasswrs and a~sipns fo«wr Md 1he wld MORT~AGOR fa their h~in. ~z~cvtors, admirwt~aton and ~ui~ro, her~by oovsn~nts with tM said MORTGAGEE, its woceuon and awip~M, tMt h~ a=e lawfully s~ized of tM ~aid prsmars ln fe~ sirnpl~j th~t t!» s~m~ an frM, dw snd discl?~r~ad fran dl IiMS ~nd M~ainr ~ br~+ces in law w in equity, and that' t2feV will and their 1+sirs sMll wurant and d~f~ad tM titl~ to the s+n» to ti» aW Mflit1GAGEE, ib suaessors and sugm, forwer pairnt tlr lawfv) clsims and demands of ali pawnst ' PROVIDEfl, ALWAYS ~that H ths MORTGAGOR shsll p~y vmo tM MORTGAGEE the praniswry note hers'~nbefon describ~d and sh~fl truly, prompNy ~ end fully perfonn, di~cMrp~. ~xacut~, eor^Pbt~, con?pIY with and abid~ by ~ad~ a~d ~very th~ stipulatiom. ~rNrnenls, conditiona ~nd aovaunls d~aid ~ p.om~ssory not~ and of thb Mwsp.ge, r)wn rhis Mong+~ a++d th~ E~ute ha~by vsated shall caas~ aod rwtl and void. IT IS UNDERSTOOD flwt Mu vrord "Matyapor" wheths~ in ti?~ sirgula~ or plwsl snywha~ in this Mat~ape, sfiall b~ sinpulx H on~ only and •hall b~ plural jointly ~nd ~w~raly if mon th~n on~, and that tM wud "tfKir" a uwd anywMr~ in tbis Mortyay~ sh~ll b~ t~ken to m~an "l~is," "iw~s." . or "ib." wherevu tl~ cont~at so implws w admit~. Alw, that whsrever there b a nfaenu in the covsn~nn ~nd ap?eNnents (+Kein ooMai~ed to any o%~ ihe puties hento the s~ sh+ll b~ oonstrwd ro me~n as w~l1 as tM heirs. I~y~l r~pesentatives, wcauws u~d usipns (~itha volumary bp ~ct of ~~v pania a irnduntary try oper~fion of the law) of th~ tam and that rh~ coven+nb h~r~in wmained ~hall bind and th~ b+n~fi» and dranta~s inw~~ to rM r~spstliw Mirs. by+l np.ewotativ~s, wueuws ad aa~yns of th~ puti~s hereto. And ssid Mortypors, for themselves ~nd thtir' Fkin, lepa{ r~es~ntatiws, succeswn artd assipns. Mr~by jok?tly ~rd awKally oov~nt and apn~ to w~d with th~ aid MORTGAGEE, its succssiors ~nd ~ssigns: 1. To pay all ar+d tiegvlar th~ prineipal and intar~st and th~ v~rian ~nd wndrY ~~~Y WYabb by virtw of s+id promiswrr noh, and thb~ matpap~, tsch ~nd ~wry. promptly on th~ dayf respectiveiy th~ sNne sewrslly become dw. 2. To pay dl and sinpubr th~ tax~s, asassmenn. Irvfes, liabiliti~s, oblip+tions and encwn6r+nus d ewry natw~ and kind now on said d~snlb~d prop~rty, or Mwt ha~sft~r m~y bt impo~d, wffer~A. Pbad. Iwi~d, or a~s~d tl~u~on, a that Mnafar may b~ levi~d a aaNSNd upa~ tNs Mortp~ . apt, a tiM ind~bt~dmss s~cw~d ha~by. ~ach ~nd w~y, wl~ dw aed payabb, aao?dinp ~o I~w, b~fon they becane delinqwM. and b~tort ~n~? MMw~ ~ttalks p~ny pen~hy q incwr~d; AND INSOFAR AS ANY THEREOf IS Of RKORO THE SAME S?Ull bE PROlNPTIY SATISfIED AND DISCI1ARGfC OF RKORD AND iHE ORIGINAI OFFICIAL OOCUMENT (SUCH AS, fOR INSTANCE, 7HE 1AX RKEIPT OR THE SATISfACTION PAPER OFFIUALIY ENDORSED OR CERTIf1E0) SHAII !E PLACEO IN THE HANDS Of SAID MORTGAGfE WITHIN TEN DAYS NEXT AfTER PAYJNEMt +~d in the ~wm that ~ny thawf is ra1 - Psid, s~t'~fl~d and dixharyed said MORTGAGEE may ~t s~y tim~ pay th~ same or ~ny p~rt thereof without waivinp or affsctinp ar~ option, li~n, equity or •iqht ~nd~r a by virtue of thh mort~ap~ ~nd the full amount of each ~nd wery wch p+yment shall b~ immediately dw ~nd pay~bl~ N+d ~Full bw M~U~r~st ~rom the dat~ tlKrwf until piid ~t rart o( nine per untum pe~ ~mwm and topNh~r with such imaKt shall be secured by the lien of th:s ~o?ytap~. ~ ~-c.., , _ _ - :~a..~ .s i . rv '9-~ - ~ ~ ~ ~ ~ - ~'r'~~~~~'~ . , _