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1HI5 INOENTURE, Mads tht_-_4~_ da of _~=Cf1 A.D. 19~ belwNn f
R~xford b Ma.dsen ~3uilders, Inc., a Rlor~da Corparat on ~
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of - $i.-~{~Ci,@ County Elotida, heremafter dtsi~na~eJ a~'~ho "MORTGAGOR," a:id FIRST FEDERAL SAVINIiS AND :OAN ~
~?SSUCIATION OF fORT PIERCE, a corporalion orQeniied and e~i~tir.g u~dnr the lawa ol ihe Un~ted S~~tQ~ of America •nd haviny it~ princip~l plet~ of
bvtiMts in t!» City oi fwf PiNC~, Sf. lucie County, Florida, hereinahu desipnated at the "MORiGAGEE:'
WHERFAS tM MOR~GAGOR is ju~Yy inde6fed to the MORIGAGEE ~n the sum of S_2_1s6~i0~ gcod and lawful money of the Un~1~d
St~bs ~dwnt~d by the MORTGAGEE u~~to the MORTGACrJR, et e~~dar,cad by a certa~n promlasory note of e~en date herewith, of wh~ch tM lollawir~y in
wwds and figurts is a trus copy, towit:
~ 21. 600. 00 ~ 10021818
fort Pierte, florida, ~+reh 9 19?St_
Fw wlue received, 1, we w either of us, prom,se :u pay, vvirhout (Ii;fdlc~iN~, ~O ~he crda~ 04 FIRSi fEDE°1l SAVWGS ANU LOAN ASSOCIATION OF
FORT PIERCE af Fat piarce, Flo~ida, the v~m of S-~~~.¢~-aQQ-_--__. w~th inre~esr lrcrn date at the rate of$ 7r2'~o per annum, in monthly Irutall.
meNS as follows: = 178•~_ on the 2OLh day of `JUne 19 _76_ and a likr sum on the corre~ponduig day of exh month thero-
•far ~ntil the whofe be fufly pa~d.
Each instailment first shell be applied ~n payment of ~{,e interest and ~hen on ~he unra~d balance of the princ:pal sum. li defa~h is made in the
paymenl of a~y inftallment whrn due, and tu:h defeult coeioinue~ 30 days. Ihen at the a~LOn oi ~he holder, and with~~r any other notice, all 1Fk remaining
insultmentt ~hal{ ~ due and payable at ortce. ?riviitga is givan to prepay this ncte in whole or in part at sny t~me wi~hout penalty. Neither fotebearance,
rwr actept~nce by ~he holder Ihe~eof aftrr any default in any paynzents hereun, shall be deemed exte~~sion. A late payment charge of =-St~ shall be
added to each installment remaining unpa~d T days sfter its due date, ~nd a tike swn shall Ix add Ki ro each such insrailment rsmaining unpaid 7 days ~fter
each sutceeding payrtunt date. •
E~ch make~, surery and endo~ser hereof, ~ointly a~ severally, wa~ves drm,~.d,_~osar+t~nent prorest and notice of protest (or nonpayment, a~d furlMt
agtees to any extention of time of payrnenl, e~ther beiore w after matur~ty, wirKovt no~:ce to any of us; and to pay atl costs of collecteon, inctud;nQ ~
~easonable sttorney's fee in the rvent ot any oefault hereur,der, and hereby aevcralt~~ waives all benefit of homestead and exemp~io~ under the tonstitvtion
and laws of each State of the Umted Srates, as againu this o6tigahon or any eR~ens~on cr rcnewa! hereof.
wit~eu tha ha~d a~d seat of each pa~ty. RBKFORD b MADSEN BUI LDERS ~ INC .
cs~?u
BY: s/ C. John Rexford. Preside»t ~U
- ~ ~ ~ ~ ~ ' • ~ ' ~ ~ rt (5EI?U
ATTgST: s/ Richatd G. Madqen~ ~cretar~
~ S32.40 ) srst~ Revenue
(btin+p-o~nc~U~d ~n-~risiw~i wM~i ' -
NOW, TNEREFORE, the MORTGAGOR for the p~rpose of securinp paymerit of said eum of S21a g~ . aod the
p~rfwrrwncs of tl+~
covenanb ~nd sy.eements hereinaf~er expressed, ar+d fo~ divers qood and vatusbk cor.tiderations, by-these presentt, doea prarrt, ,~ary~in, aell, remtss,
release, convey and confirm unfo the MORTGAGEE, ib successort snd suipn~, all that certain lof, piece d parcel of land, sitwt~, IyjnQ, ~nd beinp fn tM
County of St. LuCle , and Statr bf Fbr;ds, de~aibed es follows:
Lot 2, Block 391, PORT ST. LUCIB, SECTION 24, according to the plat
thereof as recorded in Plat Book 13, page 31, of the Public Records
of St . Luc ie County, Flor ida .
APARIIISERS ~ 3T~~ ~ ~S-" ~S~/ Q~ ~/O
t1Sg aNIY •
By agreement of Mortgagor and Mortgagee on file Mith
Mor~gagee, the pithin mortgage secures not only an
existing indebtedness, but also ADVANCES to be HERE_
AFTER nsade by-Mortgagee to Mortgagor, the aggregate ~
~ of which will e~ual the principal amount specified
~ in the promissory note secured hereby.
~
i n~' STA E QF FLOF?!DA ~ ~ 1 0
~ OOCUMENTARY y-~ S~L? M P T A x ~
c 1 ° DEPT. (3F REVENU~ ' t
o, ONE ON qAS~i 'C' 1KTAtf81N.E ~EI190tiAl rllOP£RiY.
K~ = _~i~•~` i 3 2. 4 0 1 w aarr~ n-i~. ~ s~~,. y~
~ v - r.9. = • Pt1iiS11ArT ~t rOtiM11 ~ ''~l/
~ Q = n roz - ~ ~
~ . a~ w~ ~L ~ ~ t
topdhK with alf and singvlar the tenements, hereditaments and appurtances thereunto belonging or in ~nywiw appertaininy thereto, a~d ~11 ~enfs, isw~s, S
proc~eds ~nd pro/its scuuing and to accrue from ssid premises, all of whKh are inciuded In the above and foreyoinp description u+d habendum. ~
TO HAVE ANO TO HOID the above described and granted premises unto ffie uid MORTGAGEE, itt successon ~nd u:ipm fo?~wr. Ard tM Nfd
MORTGA~OR for 1~--- heirs, exe:utors, adminis~ratort and assigns, F~ereby covenants with the s~id MORTGAGEE, its sutuaort ~nd aasipm, f
that 1 L 1S ~awfutl se~zed of the said ~
y premises i~ fee simple; that the tame are iree, cle~r ~nd diuharyed from atl li«?s and ~ncwn-
brancss in law or in equity, ~nd tMt lt will and itS hein ahall vaarrant and defend tlw title to the wrn~ to th~ Mfd ~
MORTGAGEE, its successors snd suigns, taever against ~he lawfut claims and demarwls of •11 pErsons;
y PROVIDED, AIWAYS thst if the MORTGAGOR shell pay u~lo the MORTCsAGEE the promissory note hereinbefore dcwibed and shall fruly, promptty ~
t end fully p~rfwm, dixM~ge, execute, complete, comply with ab:de by each and every the s~ipuletions, sgreemenb, conditiaa and tovenanri of s~id ~
promissory not~ ~nd of this Mwt9sge, then this Mwtgage and fhe Esute hereby uested shall ce~se and be null and wid.
~ IT IS UNDERSTOOD thst the wosd "Mortgagor" whether in the singular ot plur~l •nywhere in this Mwty~ge, shall ba sinyula~ if oM only and:~'
~ sMll bt plursl jointly ~nd ssverally ef more than ons, snd that the wwd "their" as uted anywhere in thh Morlgsge iF~sll be taken to mears "hls,'• •'h~r~," ~i+~b
or "ifs," wF~erever the Lonte:t w implies w admits. Also, that where~er there is s re(e?cnce in the covenants snd agreemenb hsr~in oontaind fo any oi
~ tfit partits Mreto, the s~me shsll be construed to mean as well as tF~e heirt, Isgsl represenfatives, -:uccestws snd ufigro (eitha voluMUy by sd of t!N
parties o? involuntary by optration of the law) of the same and that the covenants herein confained ahall bind and tht be~refits and ~dvanqQ~s kwn ~
~ ro tM respedive hein, legal represeMatives, succeuors and au~gns of ~he parties hereto.
And taid MwtQaqo~t, fw themselves and their heirs, legal repreuntslives, s~ccesso?s ~nd auigns, hereby jointiy and severally covenant and aprN ..0
to and with tM said MORTGAGEE, its successors a~d aiaigns: n.
~ 1. To pay all ~~d sinpular the principal and interest and the yarious and •undry cums of money payable by v'utw of uid promiswry nots, a~d thi~ ~
~ rnwtpsys, e~ch ~nd every, promptly on the days respectively the ~ame sev~r~fly becoms dve.
~ 2. To p~y ~II ~nd ~ingula? tl?e Uxes, asussmeot:, levies, liabiliries, oblig~tions snd encumbr~nces of evcry nature ~nd kind now on s~id d~acr~d
~ p?op~ny, or that heieafi~r may b~ imposed, suffe~ed, plxed, lev~ed, or •uessed thereon. w that hereatter may bs lev~ed a~ssesisd upon thls Nlortp~
aq~, a tFw ind~b~edrxu ~ecured Aereby lKfl ~f1d WNy~ when dw and payable, accordiny ~0 4w, before they become delinqvem, ~nd b~for~ ~ny intapt
ett~cFxs p any ps~alty is incurred; ANO INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHALL 8E PROMPTIY SATISFIED AND DISCHARGEp Qf
RECORD AND THF ORIGlNAL OFf:CtAl DOCUMENT (SUCN A5, ~OR INSiANC~, TME TAX RECEIPi OR TME SATISfACTION PAPER OFFICIALIY ENDORSED
OR CERTIFIED) SHAII BE VLACED IN THE HANDS Of SAID MORiGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and i~ the ~vent thaf ~ny ther~of is nol
paid, ssl:~fied ar?d distharged sa:d MORTGAGEE may at any time pay the same w•ny part thertof without waiving or affecrinp ~ny opfion, (ien, ~quity p
, •~qht undK or by viitus of this mortgeye ~nd the fvll ar.wunt of each and every such payment shall be immediately due ~nd pay~bb 111d tFNII b!N tfIfMN1
~ ~.om th~ d~t~ ther~of until paid ~t r~te of nin~ pe~ cent~m per ~nnum •nd together w~th such interest fhall be sewred by the lien of th:s morptap~.
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