HomeMy WebLinkAbout0273 ~3c~~ t~~~ ~O
THIS INOENTURE. N4d~ the 15th d~Y of M~ZC11 A.D. 19 76 batw~
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FloYd B. Sutton and Ruth A. Sutton. his wife
of Lucie - ~a„,ti Fa~~a,, Mr~inafle~ d~tignatcd as tM "MORiGAGOR," and FIRST ffDERAI SAVINGS AND IOAN
ASSOCIATtON OF fORT PIERCE, a corpa~tion ug~ni:ed and ~xis~inp u~da th~ (aw~ of th~ United S~~t~s of Amer~ca and havinp its princip~l plsu of
buiinea In tM City of Fw1 Piuc~. St. tuci~ Co~nty. Flo~ida. FIQ~~tM~ll/ deap~atad +s tFw "MORiGAGEE:' .
WMEREAS ths MORTGAGOR is juitly indab~~d to th~ MORTGAGEE in th~ sum of 3 26 ~ 8~ 9~ ~nd I~wful mo~y of the Uniled
States advanced by the MORTGAGEE umo tF» MORTGAGOR, as evidrnced by a cerla~n promiuwy note of even dste harew~fh, of whlth the (oliowin~ fn
=o~~~ nd fiyur~~ s t?w copy, to-wit: ~
800. 13000252
~ rb.~ r~.~.. Ft«:d+, March 25 19 7 ~
Fw val~,e received, 1, we w either of us, prom~se to pay, without defalcation, to the order of FIRST FFDERAL SAVINGrS AND LOAN ASSOCIATION Of ~
fORT PIERCE a1 fort Piaca, Pbrida, the sum of :26~~~•~~ with interest trom date at Ihe rate of 8'7~76 per annum, ie monthly in~1~11- ~
~neni: aa 1o11ows: = 221•~ _ on ~he 20th d,Y ofApril ~~9 76 ~nd a like sum on the cwre~pond~ng d~y of exh mon?h ther~-
aiter unt~l ~he whole be fully paid.
Each installoient firs? shall be applied in payment of ~he interest and ~hen on the unpaid balance'of the pri~rpal sum. !f de(eult is made in tM
payment of any instaitme~l when dve, and such default continws 30 days, then af the optian of the hofder, and without sny otFur notice, aU the remainirg
;nstailments shall be due and payabk at once. Privilegs is given to ptepay this note in whole or in part at any time without penalry. Neither fwcbsarsnte, k
nor acceptance by the holder thereof a}ter any defaull in any Fayments hereon, shall be deemed exlension. A late payment charge of : 11 ~ti[t'sh+~) bt
added to eath installment ~emaining vnpaid 7 dayi aftat ifs dw date, snd + like sum shall be added to each such ins~allment rem~inirg.w+paid 7 days ~har
each succer3i~g payrt:enf date. ~ .
Each maker, surety and endorser hereof, jointiy and severally, waives demand, preuntment protest and notite of protest fw nonpaymenf, and fu~thet
agrxs to any extens'an of time of payment, either betore w after maturity, wirhout notice to any of us; and to pay +II coels of collection, includirty a
~easonable attorney's fee in ths ev~nt of any dcf~ult hereunder, and hereby seve~slly waives all benefit of homestead and exertsption under the con~tifutan
and laws of each State of tFx United States, as aga;nst this oblig~tion or any extension or ~enewal hereof.
Witness ~he hand a~d ual of eath party.
. ~ r . , s/Floyd E. Sutton ~y
, ~,,u
s/Ruth A. Sutton
- cs~W .
( ~4~.2~ ) Stete Revenve :
(Starapt.tancsY«i~oa.~i~i~. wde) ~ i
NO\Y, THEREFORE, the MORTGAGOR fw tlx purpose of seturing p~yment of said sum o( 3 26~~~'~~ , end the pe?formante of tt?~
covenaots and agreements hereinafter expressed, and fw divers good and v+lv+bte consideratio~s, by these presents, does grant, barpain, sell, rem~se,
refease, convey and onfirm unto 1F?~ MORTGAGEE, itt succeuors ~nd auigns, ell that «ruin lot, piece or p+rtel of I~nd, sit~ate, lyi~y, and beirg (n tM
Co~nty of ~t. WCle and State of Florida, d~wibsd as foltowi: j
Lot 15, Block l~, RIVER PARK UNI? 2, according to the Plat thereof on file in Plat
Book 10, Page 72, Public Records of St. I.ucie County, Rlorida,
L . ~~cr;~r . ~~f/y-5/1>-O~OS~-1~ 40~
By agreenent of Mortgag~r and Mortgagee on file with ;
Mortgagee, the ~vithin ~ortgage secures not only an '
existing 3.ndebtedness, but alao ADNANCES to be HBR6- ~
AFTER aade by Moztgagee to Mortgagor, the aggregate ~
of which will equal the principal aaiount specified ~
~ in the pzomissory uote secured hereby. ~
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~ ~ STATE ~L~ ~ i D ~ RfCEJYED -~i ~'~~Ih V.KMEM Of FAY-fS ~
~ OOCUM~NTAR1~~~ 5 TA M P ~ a x j p,~ ~~~E rE~o~.u Pao~xM
nx a4 ' ,
D£P?. Gf REYE(YUEt:' ~-s:: '
; w- - PUti9t~i 1Q P11Ar'iER A-134, ACfT OF ly/i
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~ , rt' o`1ttU2r_ ' OI.EM CMOtlfi 001111L sf. Mx:fE OD., F7J1. C
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~ toyetF~ w~th ~II and singular the tenenunt~, hereditamenb and appurta~cn thereunto b~longug or in ~nywis~ ~ppertainiap thsreto, and sll renri, iuws,
~ proceeds and profin acauirg and to acuue from said premi~es, all of which are included in the ~bovt and fore~oirp dewiptan and h+berdwn.
TO HAVE AND TQ HOI~ the sbove desuibed and granted premises unto the iaid MORTGAGEE, in suaessws ~nd suiyws for~wr. Md th~ taid
~ MORTGAGOR fw thelr he;rs, executots, administratws snd ~ssigro, hereby covenants with the s+id MORTGAGEE, hs sua~uws and assiprn,
~ thev are '
~hat - - Iawfully seized of ~he said p~em~~ in fe~ simple: that the ssme ue fne, cku and diuharyed from ell lieru and ~ncvm~ ~
~ brances in law or in equity, and tMt they ,N~~~ thelf F?eirs ihaq wsrrant and dtfend the titk to the sarn~ to tM ssld ;
~ MORiGAGEE, its ivcceuors and auigns, fwever a~ainst the lawful claims ~nd demands of ~II persa~s; ~
PROVIDED, ALWAYS th~t if the MORiGAGOR sh~ll pay unto the MORTGAC'sEE the promiswry note herei~befon dtwibed and shall truly, promptly j
= and fulty perform, d~acharge, execute, complete, comply with and ~b'~de by each ~nd every the stipulstiora, ayreements, conditiwa and tovsnants of a~id }
p.omissory note ~nd of this Mortgsge, then this Mortgsye s~d the Eshte hereby aeated ahall ceass and be null and void.
~ IT IS UNDERSTOOp that the wad "Mwtgayor' whether in tha singular or plur~l anywhere in this Mwfysye, ~II be sinyul~r if one only an~°~ i
sh~ll be plwal jointly ~nd ~everally if more tiun one, and that the word "their" at used ~nywhere in fhit Mortyaye shall be taken to me~n "ha;• •'Mn•• ~:.Q ~
or "irt" wherever the context so implies a ~dmits. Also, th~t wherever there is • reference in ti~e cwenanb and a9reemenb herein contained to ~ny of ~
~ +he parties herero, ehe same ~hsll be construed to mean as wel~ as the hein, kgal representatives, suaesson snd auiyns (either voluMary by ict of th~
,r~~. parties or i~volumary by operation of the law) of the same and that the covensnts he~ein contsined shall bind ~nd tF+e benefi» ~nd adv~ntaga kNwt
4 ~o the respective hein, kyal repreuntatives, stxcessors and ~u~yro ef the parties hereto.
~ And uid Mortyspors, fw themselves and their heirs. Iegal represent~tives~ successas and auiflns, hereby jointly and severally cov~nant and ap~~e ~
to and with the said MORTGAGEE, ib successors ~nd auiyns: ~ t
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~"s 1. To pay all snd sirgvlar tM principsl ~nd interest and the wrir_n md wndry sums of rtw~ey payabk by virtus of said promittory note, u~d this
om tl on tM ds res ~vel the same severall become due. ~
~ morty+9e, each and everY. P~ P Y Ys PM~ Y Y . .
2. To pay +II ~nd ~irgvlsr the taxes. ~ssessments, levies, liabif~t~es, obliy+tio~s ~nd encumbrances of every natun ~nd kind now on said d~wibd '
~ propsrty, a tlut heresh~? m~y b~ impwed, wffered, placed, levied. a ~s~essed thenon, or th~t hereafter may b~ levisd a uss«ed ~pon thii Mortp- ~
s~e, or tlk indebtedneu sscurd hersby, sxfi ~nd ~very, when dw and payable, accordinp to law, before they bec«rN delinquem, and bsfwe ~ny intKa~ ~
~ attsches w any penalty is incutred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAII 8E PROMPTLY SATlSFIED AN~ DISCHARGEO OF ~
~ RECOR~ AND THE ORIGtNAI OffIC1Al DOCUMENT (SUCM AS, FOR INSTANCE, ?HE TAX RECEIPT OR THE SATISFACTION YAPER OFFICIAIIY ENDORSED
~ OR CERTIfIED) SMAII BE PLACEO IN THE HANOS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and io tFw erent tMt any tM~eof is rw1
~5 paid, sa!'sfied snd diuharged sa:d MORTGAGEE may at any time p~y tFro same a ~ny p~rt tl?ereo( withovt waiviny or affectinq :ny oplion, lisn, equify o~
•iQht unde~ or by virtue of this rnortgaqe +nd the full amount of each and every tuch p~yment shall be irnmediately dve and payabk snd shall beu interest
~ hom the date thereof unril paid at rate of nine pcr centvm per annum and toyether w~th such interest shall be secured by the lien of th:t morqNpe.
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