HomeMy WebLinkAbout0595 N
32~;~,52
THIS INOENTURE, N4d~ th~ 20L h ~Y of January A.O. 19
76
_ b~twN~
John R Franks, Jr and Eve1vR .Nr~ Franks~ .has wife
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of SL . LuC le , CowHy Flwid~, M~~inatrK d~siqna~ed ai the "MORTGAGOR," +n~i FIRST fEDERAI SAVINGS ANp IOAN
ASSOCIATION OF fORI YIERCE. • cwpa~tan orpant:ed ~nd exi~~i+q undK ~M lawt oi tM Uoited St~~~~ of Am~ric~ a~d havirp in principal plau of
buiirnu in tlw Gty of Fwt Pi~ru, St. l~ci~ Cax~ty, Florld~, Mr~inahtr dpipn+~~d u tM "MORTGAGEf:'
VYHEREAS tir MORTGAGOR b ivatly ind~bqd fo tM MORTGAGEE in IM tum of i 24'00~. QO 9ood and lawful money of tM United
Stata ~dv~nced, by tM MORIGAGEE ~nto tM IYlOR13AGOR, a~ ~vida~ced by • tertain promissory note of even date hertwith, of which th~ fdbwinp M
wads a~d tipw~s is a trw copy, lo-wit:
= 24.000.00 1U0217dd
Fort Pierc~, Fio.ida, ~anuary 20 ~y 76
fw valw reuived, I, vw or eitMr of us, promise to pay, withouf detalcat~on, ~o ~he orde~ of FIRST FEDERAL SAVINGS AND IOAN /1SSOCIATWN Of
FORT PIERCE a1 Fat Pieres, Flwida, tM sum of = 24 s~U• 00 w;lh interest from date at ths r~te of ~_96 per a~~wn, in monthfY instal4
ms~a ~s follows::216.00 p~ 20th ~y of March 19_~_ and • like tvm on tM corrsspond~np d+y of each month therr
•ftK until the whole b~ fully paid.
Each installmenl first shall bs ~pplied in p~yment of tl» interest and then on the unpaid b+lance oi ~he princtp~l sum. If defauh h m~ in tM ;
payment of any i~stallment when due, aod such defauh continves 30 days, then ~t the option of ~he holder, and wilhout any other notice, ~II tM rem~ininp ,
~nitallmenb sFyll bs du~ and psyable ~I axa Privile~ b~iven to prepaY this noq in wFwl~ w in part at sny fime without pe~alty. Neither for~b~arance. ;
rwr ~cc~pta~te by the holder thereof afte~ ~ny de(auh in any p~ym~nts hereon, sMll be deemed exrenian. A late paymcnt charge of =~~Q tMll b~
added to each ir?sullment remaininy unp~id 7 day~ ~ft~? in dus da~•. ~nd a Gke tum shall be added to each such installment remaininp unpaid 7 days ~fter
each iuttsedi^p WYment date.
Each maker, wrery and endorser herwf, ~cintly and sever~lly, waives dt~nand, prese~tment protest and notics of protest for ~npayment, ~nd furth~r
a9rees fo any exteman of time of payment, eithar befws or sfter m+turity, without notice to sny of vs; and to pay +II coats of tollectior+, intlvdirg ~
reasonabk attaney's fee in tM event of any default he~eunder, and hereby teverally waives alI Ixne.'it of homeslead and exemption under t!k oonstitWion
and laws of exh St~ts of the United States, ~s ayairut this oblgation a~ny eatsnsion or renewat hereof. ~ _
Witness tM Mnd and seal of each ~srty. ~ ~Au
~ly~: ~ ~ ~ , S/ h ~R. ~ rank , r .
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• . ~ . ..r, . ' CSE~u~
• _ S el n M ~U
. R~?U
~ $36.00 ~ St.t. aev~.nw
~Ql~~fa~C~CxAG1t ~AC]i7fyliaiPOGKK
WrPose of ~cu~i .~nd tFw p~rform~nc~ of th~
NOW, THEREiORE, tM INORTGAGOR fw tM ng p~ymtnt of s~id sum of s 24 .OD~JO~
cow~~nb and ~nemee~» here'uufter ~:p.eued. u+d for divcrs pood and wlwbl~ cwaideratioes, by thas prrsen», dws yrant, barp~in, wll, remis~,
release, conwy and oonfirm unro tFw MORTGACEE, its ~ucceswrs and auiyny all tMt cen~in bf, pi~cs or parosl of land, sitw», lyinp, u~d beinp in t!»
C~M ~ St . LL1C 1@ _ and Stats of fb?id~, described as follows:
Lot 2, Block 36 of Unit S(Revised) of Fort Pierce Shores, as per plat
thereof on file in Plat Book 9, page 36 of the public records of St.
Lucie County, Florida. 1.~~~~~S~aS • /D~_/,~/~
3~ QQ~~3
USE OYLY • ~~~v v
By agreement of Mortgagor and !?tortgagee on file with ~fortgagee, the within
mortgage secures not only an existing indebtedness, but also ADVANCES to be
HEREAF7ER made by Mortgagee to btortgagor, the aggregate of which will equal
' the principal amount specified in the promissory note secured hereby.
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` ~ STATE ~F Fl...aRIDA ~ ~
E ~ OOCUMENTARY
~.•~.~.,~SIAMP TA X ~ ~V
°c~ °D DfPT. OF REYENUf .~t" _ • t R~b{Y~ ' ~ r~~(~ ~ j „
Dlk ON CIASS 'C' ~N,?:NrIB1E PER90
_ _ ~so~ta~- t+~ ~n,
= Pe. - ~ 3 6. 0 0! rua~w~r To c~:. ~crs aF isn.
o = ~t~M ~ ~ 1: • : ='~~s~
. CLERK CIRCU1i Cil~Ht~ S~. IW:IE CO., f1.A
to~tF~ with all ~nd singulsr the temments, hereditsments and ~ppwtances thereunw belonginp w in ~oywis~ appert~ininy tF~ero, and all re~ts, haws,
proc~eds ~nd profin ~ccrviny snd to accrw from s+id premises. ~II of which ue incl~xled in the abov~ snd forpoinp description ~nd h~bendum.
~ TO HAVE AND TO HOtD the ~bow described and S?~nted premises vnto the said MORTGAGEE, ib waeuon +nd a~sipiu foreva. Md th~ s~ld
their
MORTG/~GOR fw hein, execvton, administr~tors ~nd •siigro, hereby covensnn with the said MORTGAGEE, its sucuuws and ~stipn,
rhst thQy .3t6 lawful seiud of the said ~ed i?om ~II liens and ~ncun?
y premiaes in fe~ simpl~; th~t t!w s~me ~re frse, cku snd d'ach~r
brw+ces in Isw a in equity, ard that t~ Y will and t he i r 6ein shall warrant and defend tht titl~ to th~ sarm to th~ wid
MORTGAGEE, in s~ccessors a~d ~ssiyro, farever ayainst tM lawful claims snd demands of all perw~s;
PROVIDE~, ALWAYS tMt if the 1NORTGAGOR shall pay unto fht MORTGAGEE th~ promiswry not~ hereinbefore described ~rtd fMll Muly, prompRly
snd fully perfam, disch~rQe, execute, compkt~, comply with and abide by esch snd ev~ry th~ stipulaiw~s. ~reements, conditions and co+r~nb of s~id
~ p?om~ssory not~ snd of thp Mortpspe, then this Mortp+ye and ths Esate hereby a~ated shsll cease and rwll ~nd void.
~
~ IT IS UNDERSTOOD that the wwd "Mwtyspw" wMther in th~ sinputn w plwal anywhert in this N~ortysp~, shall be sinpular ff on~ onlr u~d~o
shsll be plvral jointly aod ~everally if more tlu~ on~. ~nd that ths word "their" ~s uad ~nywhen i~ thh Morf9sye shall be takM to rn~an "ha," "h~rs,"
~ a'its," wherwer the contezt w implies w ~dmitt. Also, that wherewr there is a nfaenc~ in the coven~nn snd pnemenb hersin cont~irnd ro any oF~
~ the p~rtks haeto, the same shsll b~ cantnied to mean as well aa 1M Min. Ipal nprKentstives, waessors ~~d assgra (either voluntary b~r ~ct of th~~
parties a invduntary by op~r~tio~ of tFw law) of the sarn~ and that the covenanri hcrein contained ~MII bind and tM benefiiri and ~dv~ntapa &wn~
ro the re~pectiw hein, Ipal representatives, waasors and ass~yrn of tM parfia hereto.
" Md said ifAwt9apas, fw themselves and th~ir Min. Ipal represenutives, waessors and ~uiyns, hereby iointly u~d Nvaally covenim and aprM ~
~ to and with th~ wid MORTGAGEE, its suuessors and assgro:
1. To pay dl and sirgulu thie pri~c;p~l and intaest and the vuious ~nd svndry wms of moner paYabl~ by vinw of said promiuwy not~, a+d tN~
^ ^+at~ape, tadl and ~wrY. Pr«^Ptly on ttw days r~spattivtfy tlw sam~ t~w~dly beconw d~s.
~ Z To pay a!I and sirgv7ar'tir ta:es, auesunenn. Irviws, li~bilities, oWiyatian and encvmb.a~ces of wery nature ~+d k&d now on said daaiMd
~ p.opKty, a that heresher may b~ impo~~d, wffKed, Plaad, kvwd, or as~essed tFnnon, a that iweaba may b~ Iwi~d a as~essed upoa thls Ma1~
p~, a tM indeM~ss secw~A hK~by, each aed wery, wh.n dw .nd p.r•ble. +awdinp w law, bsfa~ they beooin~ d~lirqwm, and btior~ any im~nst
,naches or any penalty is inturred; AND INSOFAR AS AMf THEREOF IS OF RKORD THE SAN1E SHAII bE PROMPTIY SATISFIEO ANO DISCHARGED OF
RKORO AND TME ORIGiNAI OFFICIAL DOCUMEN? (SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR iHE SATISFACTION PAPER OffIC1ALLY ENDORSED
~ OR CERTIFIEO) SHAII bE PUCED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the tvent that u~y thu~of is ta1
~ paid, ut"~fied ~nd dischuged sa:d MORTGAGEE may s~ sny time p~y the ssme a sny p~n the?eof without waivinp a affectirg sMr option, lien, puity a
•ipht under w by rrirtue of this mortyage and the full amouM of csch and every such payment shall be immediately due and payabk and shall bear int~rat
irom the d~te thcreof vntil paid at rate o( nine per tentvm per anrwm and ropether with wch intere~t shall be secured by tM ~ien of th:s morytaQt. '
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