HomeMy WebLinkAbout0974 ~2f4U ~ ~
. ~ :
,
THIS IN~ENiUItE. lN~d~ ths 21st day of Januarv ` /?_D. 19 76
- b~twes+~
BACKUS BNTfiRPRISBS• INCORPORATBD~ a Rlozida Cor~ration
of SL .~.YC1@ Cp~nty Fbrida, Mrtina(tw dt~~~+ated a~ tM "MORiGAGOR;' end fIRST FEOERAI SAVINGS ANa7 IOAN
ASSOCIATION OF FORT PIERCt, ~ ewpa~tion orpu?ized and acipiny unde. tM laws ot tM United S~at~s of Americ~ and Mvin~ its principal plap ot
busie~s in tM City of Fwt PiKa. St. luci~ County. Fbrid+, Mrein~fter desipnated ~a tM "MORTGAGEE ~
WHEREAS 1M MORTGAGOR is juitly iad~bid to tM MORTGAGEE in IM ium of = 28 ~~0 , 9ocd and lavriut money of Ihe Un~ted
States advsnced by ths MORTGAGEE unto the MORTGAGOR, as ~videnced by s cerfai~ promissay no~s of eve~ da~e herewith, of which tM followinp i~
words +nd fiq~res is a trw topY. to-wit:
~ 28 ~000. 00 ~ 10021748 ~
Fort Piert~, Florida, January 21 ~ ~9 Z
Fw value received, 1, ws or eilher of us, promise to p~y, without defafcation, to the order .o! FIRST FEOERAL SAVINGS AND IOAN ASSOCIAiION Of i
FORT PIERCE af forl Pi~rte, Fbrida, the sum of S 2$
+~0• _ w;~h interpt from date at ihe ~ate of _ 9 _°ro per annum, in monthly inslal6 !
4
menti as follows: i_ 252 - OO on the ~~.~1 day of ~rch 19_Z~- and a like sum on the cwrespo~ul~ng day of each month thcre- ;
after until the whol~ be fully paid. _ i
Each installment first shalt be epplied in payment of the interesl and then on ths unpaid balan;e of the princ~pel sum. If default is made i~ th~ ~
paymenl of any installment whcn dus, and such default contioues 30 days, lhen at the optio~ o~ the holder, and without sny other not~ce, all the remaining
~~stallments shatl be due and payabb at o~te. Privilege is given to prepay thi~ note in who~e o~ in part at any time withoul penslry. Neither forebeatance, ~
no? acc~pta~ce by the holder thereof aftcr ~ny defauh i~ ~ny payments herew~, ihsll be dcemed e:ter~sion. A late paymeM charge of s
1~ shall be ~
added to each installment remaining unpaid 7 dayf sfter Its d~?e date, snd ~ like sum shall be added to esch such installment remeining u~p~id 7 dayf afttr
each succeeding payment date. - _
i
Each maker, surety and endorur hereof, join~Iy and severally, waives demand, presentment protest and notice of protest fo? nonpayrnent, ~nd funher
agrees to any extensiw~ of ~'une of payment, either before o~ a(ter msturity, without notice to any of us; a~d to pay alt costs of collection, includirq ~ 3
reasonable attwney's fee in the evenl of any defau~t Fxrcu~de~, snd hereby severolly waives all benefit of Fwmestead and exemption under the constitulion
and lawa of each State of ~FN United Statrs, as agsinst this obligation a ~ny extensio~ a renewal hereof.
Wilness ~hs hand u~d seal oi e~ch Pa~ty. BACIQIS ENT6RPRISES~ INCORPORA?BO
BY: S/ Fredezick B. Guhse' ~q
Corporate 5ea1 Affixed President ,
~ cs~?u
~ $42.00 ~ St.ro ReYMVe . (SE~W '
NOW, 7HEREFORE, the MORTGAGOR fw the purpoae of securing p~yment of said wm of = 2A n°°. ,•nd ths performance of th~
covenaMS uwi ap~aemenq hertinafter expresxd, u+d fo~ divers 9ood and vatwbk considentions, 6y thes~ p~~sents, does y?ant, ~ry~in, t~ll, remise,
release, convey and confirm unto the 1MORiGAGEE, iri suueuas ~nd aui9ns, •11 that certain lof, pi~q or pucel of Isnd, situate, lying, and beinq in tlr
County of SL . L1~C1Q and State of flo?ida, dexrib~d as followi:
The South 30 feet of Lot 15 and all of i.ot 16, Block 5, ST. JAMES PARK
SiJBDIVISION, and according to the plat thereof on file in Plat Book 5,
page 58, public records of St . 1-ucie County, Florida. ~
~ ~ ~ ~t ~~I - 5or . bo~~~-o~~~~~ ¢
.-5 :
By agzeeoent of Mortgagor and Mortgagee on file with Mortgagee, the within ~
aortgage secures not only an existing indebtedness, but also ADVANCES to be ~
HERBAF?ER nade by Mortgagee to Mortgagor, the aggregate of ~?hich will equal ~
the principal anount specified in the proaissory note secured hereby. ~
i
I . _
j ~
' ~TATE ~F FLO
R D A ~ ;
! y OOCUMENTARY STAMP Tnx ~ _
~ °c-' ° OEP7. 8F
RE1fEi1Ut y
~ y ! ~ ~ ~ ~ ~
Zr ~ ~ rtd -3'T6 ' ~ 2. ~ Q ' ~UE ~I~! Cl/1~ ~C' ~ /~IML ~y
~ _ PURS'L.1~IT 1'S f~ilWTEw ?1•1,iR l~'f~ Of 1911.~fjl ~
et P.B. ' ' ~
~ o = 11102 ~T~
~ CIE~TK CtRp11T OOUR~ ST. I.UC~E 00.. FIJI
4
together with sll and singular the tenements, heredit~menri ~nd appurtances thereuMO b~longing w in ~nywise appertaininp thereFO, and al! renri, issues, ~
p.oceed~ and profits xuuirg snd to accrue from said premises, •11 of which are included in the above and foteQoinp deuription ~nd Mbendum.
~ TO HAVE ANO TO HOLD the above described and pranted premises umo the said MORTGAGEE, its wccesson snd suiyns fwever. Md the said ~
~ MORTGAGi~ fis lts F~eirs, executors, ~dministrators snd assgns, hereby covenants with the said MORTGAGEE, iri suaessort and assipns, ~
rhat - - lawfully uized of the iaid premises in fee ianple; that ths s~rm are free, ckar and discharged from all liens u~d sna+~ ~
~ brarxes in law a in equity, u~d thatT lt will and 1tS hein shall w+rrant end defend tM titl~ to the sune fo tM said
MORTGAGEE, in ~~cceuo?s ~nd ~uigns, forever ~gainst th~ tawfu{ clsims and dem~nds of all persom; 7
PROVI~ED, ALWAYS that if the MORTGAGOR shall psy unto the MORTGAGEE the promissory note hereinbefor~ dsxribed ar+d sMll truly, promptly ~
~ and fully perfwm, disthar~s, exetute, tom kte, t I with and abide by esth a~d ev
P «?w Y ery the nip~rlations, ayreemenrs, conditiom snd covena~ts of said
~ promissory note and of thh Nbrtgspe, then this Mortgaye and the btate hereby veated shaU cssse and be null and void. E
IT 15 UNDERSTOOD fhst the word "Nbrtgagor" whether in the singular or plwal a~ywhere in this Mortgage, shatl be singulu if one only and ~
~ shall be plur~l joinNy ~nd severalty if more tha~ one, and thst the wwd "their" ~s used ~nywfiere i~ this Mongape ihall be bken to mean "his," "hen;' ~
ar "its;' wherever the co~te:t w implies a sdmits. Abo, that wherever Ihe~e is • nference in the covenants snd sgreements herein coMained to any of,t, - ~
~ fhe parties hereto, the same ~hall be construed to mean +s well as the heirs, kyal rep~esentatives, succeswn ~nd assipin (either voluntary by act of tlw'~o
~ pariies a involuntsry by operation of the law)- of the same and that ihe covenanb herein cwHained sMll bi~d and the benefiri and ~dv~ntap~s kwr~" 1b ~
ro the respective hein, kg~l representatives, wccessws and ~u~ns of the pa?ties hereto. ~ ~
~ Ard said MortyaQo~s, fa themselves ~nd their hein, leg~l representatives, s~cceuon snd ~ui~ro, hereby jointly and seva+lly coven~nt and pree ~ :
ro and with the s~id MORTGAGEE, its tuccessors ~nd auip~a: ~ f
1. To psy •II and sinyular ths p~intip~l and imerest and the wrious ~nd sundry wms of mone t
mon a e, each ~nd Y WYabte by vinue of ssid promiswry not~. ~nd this ~
~ p 9 every, promptly on th~ days reipcctively the same sewrdly becort» d~e. ~
2. To all ~nd i g ry ~
~ paY mpulu the taxes, assessmems, kvie~. IiabiliY~es, obl' ations and ~ncwnbnnces of -eve natw~ ~nd kind now o~ said descrlb~d g
prope?ty, a that hereafter may bs &nposed, wffer~d, placed, kvied, w~saessed thereon, a tMt hereafta may b~ kvied a as~eswd upon thi~ MottQ-~,~y ~
age, a tf+~ indebredneu :ecured hereby, each and ~v~ry, wMn due snd p~yable, accordirg to law, befort they become delinqueM; irnd b~fa~ any iMerat ~
atraches or any penalry is incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII SE PROMPTLY SATISFIEO AND DISCHARGEp Of
RECORD AND THE ORIGINAL QFFICIAI DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OFfICIAIIY EN~ORRSED
~ OR CERTIFIEO) SHAIt 8E PLACED IN THE HANOS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; snd in the event that any ihereof ia not
~ paid, sat'sfied and dixharged sa:d MORTGAGEE may a~ any time pay the same w any part thereof without w~iving or affectiny any option, lien, eq~ity w
•~qht under w by virtue of this nwrtgage and the full amount of e~ch and every such p~yment ihall be immediately due and paysbk and iMll bear interest
~ ~rom the date thereof until paid at rate of n7ne per centum pe~ annum and together with ~uch inrereft shall be secured by the lien of th:s morytaQ~.
~
- !lQP~-~' ~ ;
~.r.~-,._ ~ ~ - _ _