HomeMy WebLinkAbout0978 - 33C1f 3 ; ~
1HIS INDENiURE. Mad~ ~h~ 22nd day of __~Ch A.O. 19 76 . botwetn
Jose h G. Nagel ana,_ y~ B. N Q his wife
F _
of St ig . Counfy Florida, hereinaft~r de~ynated as th~ "MORTGAGOR," and FIRST ftOERAL S4VING5 AND IOAN ` i
ASSOCIATION OF fORT PlERCE, a corporstion ayaniied u+d ax~sU~~ under Ih~ laws oi ~he Un~fed 5~~~~s of Ame~ica ~~d Mvinp its princip~l pl~t~ of p
bu~iMSS in tM City of Fwt Pi~rc~, St. luci~ County, florida, hetain~f~ar des~ynated a~ ths "MORTGAGEE:'
WHEREAS tM MORTGAGOR a jwtiy indebled to ths MORTGAGEE in Ihe tum ol s._4010~•~0 good and lawful money of the United }
Stat~s adwncad by tM MORT'vAGEE umo the MORTGAGOR, es evidenced by a cer~a~n promisswy note of even dale herowitb, of which 1M followinp in i
word~ ~nd fipvrq b• trw copY. fo-wit: ~
~ 40.000•00 No 10021837 ~
Fon Piarce. Fiw~da, ~=Ch 22 T _~p 76
Fw value teteived. we or ei~her of us, pronuse to pay, withuut dafafcation, ro the ordar uf FIRST fEUERAI SAVINGS AND LOAN ASSOCIATION OF
FORT PIERGE at Fat Pierce, Fto~ida, ~he sum of S- w.~h interest (iom date at ~he rafe of 9!~'lb pe~ annum, in rnonlhly inat~ll-
~nenq as foilowi: = 360.~ ~ Z~tt1 day of - 19_ _76_ and a IiAe sum on the correspond~ng day of each month then-
•fftr until ?be whok be fully paid.
Eath inst~llment fir~f shall bO app~iet! in F»yment of fhc+ interest and then on the unpaid balence of the princpsl ~um. If default is made in th0
paymeN of ~ny iru~allmenl when due, and such deiauit con:inuet 30 d~ys, lhen st the optbn ot ~he halder, and witieout a~y other notke, al1 tM remaininp
installmN:ts ~hail bs due and p~yable af once. Privilege is given to prep~y this note in whole or in part at any time withovt pen~tty. Neither forebea~u~ce, i
nor atteptante by th~ holde~ thereot nfter any de!avlt in any paymrnts hereon, shall be dearned extrnsion. A lare paymenl cMrye of ~.18! ~hall b~
added to e~ch inatallment remaining vnpaid 7 daya after itt due data, snd a i~ke sum shall k~e added te each wch ina»{Iment remai~ing ~op+id 7 daya ~ftt~
esth uxtaedirg p+YmcM date. -
Each m~ker, s~rety a~~d endorser hereof, jointly and ieveraliy, waives demand, presenimant protes? and notice of protest fw nonpayrrte~f, and furthe?
agnes fo any exlension of time oE payment, either before a aftar matu~ity, witFw~t not~ce to any of us; and to pay ail costs of collectia~, inclvdinp ~
reasonable ~ttaney's fee in tM ~vtnt of any default hereunder, and hera6y sevcrally waives all benefit of home~tead and ezemption under the constitution
end laws o( each State of the United States, as egainst thia obi~9alion or any extens~on or renewal hereof.
Witnesa tt?e hand ~nd seal of each party.
. . , . . s/ JosBph G.~ Nacael ~U
• -
~ ~ ~s~?u
_ _ s/ Me?ry B. NagQ1 ~
$60 00 ~
( • a State Revenue
(S+aw~Mae~U~ ~e?.~ri~iwd.n~ai .
i
NOW, THEREFORE, ttw lM~RTGAGOR fw the purpose of securing payment of s~id aum of ~nd ths p~rfumance of t!r
cov~runts and ~preementi hereinafter expresscd, and for divers good and val~able consider~tions, by these pre~ents, daea gr~nt, bergain, sell, remise,
release, convty ~nd confirm ~nto tlx MORiGAGEE, its successo~s and ais~gns, •11 iMt certain lot, piece or percel of lind, sitwts, lyiny, end bsiop in /M
~~y o{ $t. Lueie and Stste oi Fb:ids, desaibed ~s follows:
?hat part of the North 110 teet ot the South 802.89 feet o! Gov-
ern~ent Lot 3, Section 18, Torms~ip 36 South, Range 41 Baat,
lying Bast ot a line 300 feet West of and parallel to the west
right of way line oi South Indian River Drive, less road right
of way tor Indian River Drive. ~'~~"S~~ ~ 35-~~'i QDD ~_DD(~~~
u~ on~r ~
'I'OGB?HBR with all riparian rights appurtenant or in any~rise -
appertaining or belonging thereto.'
By agreesent of Mortgagor a~nd Mortgagee on tile with
MoYtgagee, the within aortgage secures not ohly an
~existing indebtedness, but also ADA/ANCSS to be l~RB-
AF?BR sade by Mortgagee to Mortgagor, the aggrggate
of which will e~ual the principal a~ount specitied
' in the pronissory note secured hereby.
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; ~ ; STAT _ 8~- f=-~-(~R ~ ~
~-1-- KECE~vEO ~~?,nc~e~~*'~o""~ ~Rn. ~
f DOCUMENTAR . .<f°~ ...:~STA MP T t. ~ j ~~_pSS ~C ~ ~ ~+?,(S ~
c-' ° OEPT. OF REYE~JU~Ii` ` ~ ~ ~
~~j ~Q (~N~~ n~~
~ ~O ' P.B. = ~2~'Ji ~ ~ .s~ : ~ ~ 0 i ~CpW(~ 3[, ~ EtA
~ ~ = 1 i IOI ~
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~ toyether with all ud si~yular the tenemcntf, hereditaments and appurtsnces therevMO belonging a i~ snywise appeHaininy thereto, snd all r~nts, fsaws,
proceeds ~nd profin atauinp and to sarue 4rom said premise~, all of which are inctuded in the above and foregoirg desuiption a~d habendum.
~ TO HAVE AND TO HOID ti~e ~bow described and gnnted prsmises ~MO the s+id MORTGAGEE, ita suaessors ~nd assipm fw~va. Md tM saW
~ MORTGAGOR fw the~r ~;,s, executus, ~dministrators and assigns, hereby tovanants with the said MORTGAGEE, iri sutt~awn snd assipro
` th~f tbeV A=e Iswfully seized of the said p~cmises in fee •imple; tFat the sanie are frae, ckar sr?d disch~rped from all lie~u ~rd sncvm-
~ ~
b~anc~s in law or in equity, a~d thst the~L will and their heirs ahall wsrrant and defend t}M titts to the sam~ to tM said
K MORTGAGfE, hs succeuors and assigns, fwever agai~st tFk Iawful claims and demanda of sll peri«n;
~ PROVtDED, ALWAYS tMt if the MORiGAGOR shall pay unto the MORTGAGEE the prcmisswy rate heroinbefwe described u~d siwll truly, promptly
~nd fully p~rform, diuMrye, execute, complete, comply with and abide by es;h and every the stipulations, ~greements, conditans and tovtn~nb of s~id
promistory rote ~nd of this Mwtgage, ~hen this Mwtgage and the Esrate hereby created ahsll uase and be null and wid.
s IT IS UNDERSTOOD that the wwd "Mortgagor" whethe+ in the singuiar w plwal ~nywhere in this Mwtgaye, shalt b~ sirgular if ont only and
; ~!?alt be plwd iointly snd ~va+lly if more thsn ax, and that the word °their" ~f wcd ~nywikre 1n this Mortga~ ~hall be taken ro mesn "his;' "Mn,"
; w,•its•• wherever tM conte:t so implies or arlmits. Also, th~t wherever there is • referenc• in ~M coven.nn •nd .9reemenn he..ie oonain~d w any of
' ttK parti~s hereto, 1Fr sarr~e ilull be construed to mean as well as the hein, leysl rtpresentativcs, successo~s snd ~siigro (~ither voluntary by ~ct of th~
~ parii~s o~ involuMUy by oper~tion of the law) ot the ssme and that the covenants herein cont+i~ed shali bind and tM berwfits and advantpq iiwr~ fR't~b
" to tM reapectivt heus; ky~l represenutives, succasort and ~u'gns of the parties hereto.
~ Md said Mwt9s~ors, for themselves and their hein, legal repreuntatives, succeuon and stsipns, hereby jointly u~d Hvarally cov~naM ~nd aprk
: ro and with the said 1MORTGAGEE, its succe:sor~ and asigns:
~ 1. To pay all and ~ieqvlu tM princip~l and interest ~nd tM variovs ~nd sundry swns of money payabk by virtus of said promiswry not~, and 1F~
; morty~. ~ath and ~wry, promptly on ~hs days rsspectively tFw same sever~lly become dw. ~
~ 2. To pay all and sinp~lx the taxes, as~esamenq, leviei, I~ab~fit~es, obliyations ~nd ~ncumbr~nces of Rvcry natwe ~nd kind now on s~id descrk~d
~ ptop~rty, p that hereafter may be imposed, wffercd, pt~ced. kvied, w as~eased ?hereon, w tMt heresfter maY b~ levied or aues~ed ~pon fh4 Mort¢
~ pt• a th~ ind~btedness secwsd hereby. exh and every, when dve and payable, accwdiop to I~w, befwt they becomt delinquerN..ind btfort a~y ~t
~ an~tMs or pa?alty is incur~cd; ANO INSOFAR AS ANY THEREOf IS Of RKORD THE SAME SHAII sE PRONIPTLY SATISFIED AND. DISCHARGED OF
~ REGORO AND THE ORIGINAI OFfICUI OOCUMENi (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENDORSEC
~ OR CERTIFIE~) S~ll BE PIACED IN THE MANDS Of SAI~ MORiGAGEE WITHIN ?EN DAYS NEXT AFTER VAYMENI; ~nd i~ the evenf tfuf u~y tMnof k nol
~ paid, sat'sfwd snd diuharped ss:d M10RTGAGEE may st any t~me pay the same w any part thereof without waiving w affectirg a~y option, I'~en, eq~rity p
•pM under w by virtue of this mo~tg~ge and tF?e full ~mounl of each and eve+y such payment shall be immediately due and p~y~bk +od iF?~II b~ar intNqt
~ kom the datt thereof unlil paid st rate ol Nne per cemum per annum and together w~th such iMerest shall be secured by the lien of th:i motptaQ~.
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