HomeMy WebLinkAbout0593 OORRBCTIVB MOR?GAGB ~
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THIS INDENTi1RE, Msd~ th• Z1ti day ot A.D. 19_Z.b.~ beMr~en
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. ~,AYA~[; R~Cl~t~er anri M~r~,]~~ Clnutic~r_ rifg '
o( - St. 1-u~ie ' , Co~xNy flaida, hKtin~fqr d~~iyn~ted ~a tM "MORTGAGOR," +nd FIRST fEDERAt SAVINGS AND IOAN t
ASSOCIAiION Of fORT PIERCE, s oorpqr~tion o~ya~+ls~d and ~xiitinp ~nd~ 1M laws of tM Uni~~d Stat~a of Americ~ ~nd havirg its ptincipal pl~t~ of
buw~eu tn 1M Gity of Fat Pi~ru, St. luca Covmy; Fiorid~, htrtMah~r d~sipnaNd ~s tM "MORTGAGEE:' i
WNEREAS tM MORTGAGOR is jwtly ind~bt~d to tM MORTGAGEE in tM sum of = Z~~~~ geod +tid I~wfvl mon~y of the Un~led
Stata edv~nc~d by tM MORTGAGEE unlo tM MOR~GAGOR, as evidenced by a cer~ain promissory note of even dat~ hs~ewith, oi which th~ followinp In
word~ and fipures is a trw copy, to-wit:
= 20 ~000 .00 . 13000211
~n P~..u, Fi«~d.. January l~`~ i
Fa v~lue received, I, we o~ eithe~ oi us, promist to pay, without def~lc~tion, fo ~he order of FIR5T FEUERAL SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE a1 Fort Pierce. Florida, ths sum of with interest from date at the rate ofQa~_96 per +nnum, i~ monthly initall- i
ments as followu = 168.~ ~ on the Z~th day of February 1976 and • lik~ s~m on tha co~respa~d~ny day of each month thsrr i
a(ta vntit the whots be fully paid. ~ ~
Eath insullmant first shall be applied in payment of the iroerest and thcn on the unpaid lulance of the p?incipsl sum. If default is made in th~
payment of any imtallment when due, and such default continue~ 30 days, the~ at the option oi ths Aolder, and witFwu~ any othtr notice, all the nmaioiny ~
~natallments shall be dve and abte at once. Privil a is iven fo tha nott in whol~ w in rt at an ~ime without na~ Neitha fwebe+ra~te,
PaY ~9 9 P~QWY R+ Y P~ ~Y• ~
nw +cc~ptsncs by ths holder thereof afte~ any default in any paym~nb hereon, sh+ll be deemed sxtensiw~. A late paymc~t charge of ~11 b~ '
added to each insultme~t remaining unpaid 7 dey~ aflat ltt due dat~, aRd a like sum shall be added to each such installmem remaining unpa~ 7 day~ after
each succeedinp paYment date. ,
Each maker, surety and endorsar hereof, jantly and severally, waives demand, p?esen?ment protest and notice of protest fw nonpayment, and fvHF?K
agree~ to ~ny ~xtension of time of payment, e~ther before or aite? maturity, without notice to any of us; and to pay all costs of colkction, includ;np ~
reasonabk attaney i fee in tlx evcnt of ~ny detavlt heraunde?, ~~d hsreby uvm+lly waives all bene~it of Fwmestead and exemption under Ihe constitution
and lavin of each Srare of the United States, si ay~inal this obl~gstion oi a~y sxt~ns~on w renewal hereof. ~
Witness the h+nd and seal of e+ch party. ~ i~~'
s/liaiold R: Cloutfer ~
. ~~J •f` ^ ~ v~ • e • (SEI?L)
~ ~ ' ~~1~lary„ K. Clo{~~iex ~ ~
. , (SE/?U
( l Stat~ Rewnw _
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NOW, THEREFORE, ths MORTGAGOR fo~ the purpos~ of ~ecurFnp p~yment of said sum of f 20~~~•~ , and the performanu of tiw
covenanb and syreamenq Mreinafter expressed, a~d fw dive?t 9ood and wlwbl~ con~ideratiaa, by these presenb, doss pr~~t, barpain, sell, remise,
releas~, conwy and confirm unro tht MORTGAGEE, ib sucussors and ~uipns, all tMt tertain lot, pieoe or puul of land, sitwt~, lyinp, ~nd b~inp in tl»
~~~ry ~ S't. LuC~e. ~nd Stat~ of Flwida, dswibed ~s fdlows: ;
Lot 12, Block 135, RIVFR PARK U~iI? 3, ?RAC? E, according to the plat thereof on file
in Plat Book 12, Page 22, Public Records of St. I.u~cie County, Rlorida,
By agreevent of Mortgagor and Mortgagee on file with
Mortgagee, the ~rithin nortgage secures not only an
existing indebtedness, but also ADVANC6S to be HBRE-
AFTER aade by Mortgagee to Mortgagor, the aggregate
of which will equal the principal a~wunt specified g,~~
in the promissory note s¢cured hereby. ~
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i This is a cozrective mortgage designed to correct
an erroneous legal description appearing in that y~ -
~ certain mortgage of even date here+vith recorded in ~b~,~p~p.~ _
~ O. R. Book 24~ , page 2500 , of the public re- ~9{ ,y~
~ cords of St. Lucie County, Florida, and upon which J~,~~f~~y+y~ ~
intangible tax has been paid as evidenced by receipt -F
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togethe~ w7th all u~d singvlar the tenem~nrs, F~ereditsmenn ~nd spp~xtances thereunto belongirg or in anywae appe~t~ininp tMrNO, snd all ren»,
proceeds ud profin acuvirg a~d to +ccrus from ssid premises, ell of w1iKh +r~ included in the abov~ u~d forepoirg description ~nd Mbend~xn. ~
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TO HAVE AND TO HOLD 1F~e above described ~nd 9rsnted premises ~nto t!w said MORTGAGEE, in s~aeuwa and suiyr?s forevp. Md tM s~id
MORTGAGOR for - the~i ~~n, ex~cuton, ~dministraton and auigns, Mreby tov~nuib with tFN said MORiGAGEE, it~ wcc~uws u~d asaipns,
rh~t they are ~~„~ully sei:ed of the said premises in fe~ simple; that the same an frw, deu and discharped fram dl fiem and
bronces in law a in equity, and thar ttt@V w;ll and their hein sh~ll wurant snd defend tM title b the ~ame ro tlw said
NlORiGAGEE, iri succeuws and assipns, iwever psimt tha lawful claims and demands of all persons; #
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PROVI~ED, ALWAYS thst if the MORTGAGOR thall pay vnro the. MQRTGACaEE tM promissoty not~ hettinbefore destribed and sh~ll truly, ptomptly
~ and fully p~rfwm, d~u~aryt, eaecutt, oomplNe, comply with and abide by e~ch aod evary Ih~ stipulations, ~yre~mann, conditioro ~nd tovenanb of said
~ promissory not~ and of this Mort~age, then tfiis Mortpsge snd the Eaqt~ hereby ue+ted sFwll cess~ and bs n~ll and void. ,
~ IT IS UNOERSTOOD thst the wwd "Mat~~yw" wF?ether in tFw sinpular or plural anywher~ in this Mwtg~e, shall be sinpular if orn only and ~o ~
~ shdl b~ plw~l joiMly aod severally if mw~ than one. ~nd that the word "their" ~t u~ed aoywhtr~ in this Mwty~ sh~ll be taken to mtsn •'his,•• "F»n,•• "~'O ~
or "in," wherever tFK context w implies w admiri. Abo, tMt wFxrever there is ~ r~fsrenc~ in the coven~nts ~nd apreemenb herein oontak~ed to aMr of ~
~ tM partia hereto, the s~me shall b~ construed to mtan as well as the hein, le~+l rtp~esentatives, successon and ~ugm (~ithe~ volu~tary by Kf of t!w
~ parties a involuntuy by operatia+ of the I~w) of the same and that ~he covensn~~ hereM coma~~ed shalt bind H+d iM b•nefin and advanr.y.s iM,n ~
~ ro th~ respeclive hein, leyal re~xesent~tives, succeison uid ~u~gns of the pah~es hereto. ~
~ Md said Mortqspors. (or th~mselves and their F~ein, le9~l r~preumatives, succeuws a~d ~uipro, h~reby jointly ~nd severdly cove~unt ad ay~k ~
~ to and with the ~aid MORTGAGEE, its successors +nd assqro: ~
~ 1. To pay dl and sinpulu the principsl ~nd interest and the wrious and sundry wms of mon~y payabk by virtw of said promis~ay note. +nd tF~&
~ mwtyags, esch ~nd ewry, promptly oe tF~ days respectrv~ly the same wwrally become dw.
~ 2. To pay all and siegular the t~xa, usesun~nn, levies. Iiabilitws. obliyatiau and encumb~ances of ~wry natur~ and kind now on said daaib~d ~
property, or that he?eafter may b~ impwed, wffered, placed, Iwi~d, a~aeusd ther~on, a tfiat hereafter may be levied a as~sad upon thi~ Moetp~
+y~, a th~ trdeb~edn~u searnd hereby. ~~ch and w~ry, wlwn dw a~d payabk. ~ocordiny to law, b~fwe tMy becane d~li»queM, ud b~for~ any Ir~Mrat
attathes a any penalry is incwred; AND INSOFAR AS ANY THEREOF IS OF RKOR~ THE SAME SHALI BE PROMPTIY SATISFIED AND DISCHARGE~ OF j
RECORD ANO THE ORIGINAI OFfIC1Al OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RKfIPi OR THE SATISfACTION PAPER OfFIC1AllY ENDORSED ~
OR CERTIFIED) SHAII BE PIACE~ IN THE HANDS Of SAID MORTGAGfE WITHIN TEN DAYS NEXT AFTER PAYMENT; u~d in tlw ewnt tFWt w?y thereof ir nol
~ ~aid, t~t:~fisd snd discharqcd sa:d MORTGAGEE may •t any time p+y the same w any part thereof witho~t waiviny w affeding ~Mr optan. Iwn, eq~ity w
•iQht unde~ or by virtve of this mortga9e and the full amouM of esch and ev~ry wch payment shall be immediately due and paysbk artd ihall btar inter~st
~rom the date thereof until paid at rate of nine pei centum per annum ~nd topNher w~th iuch interest shatl be ucured by tlx lien o~ th:s mwpt~ye.
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