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„t Correctiv~r Mort~age
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THIS INDEi~IiURE. Mad~ ~i,• 26th _~~y of April ~p 19 7G ~,,~,M
Bobhy B. Ashley and Carolyn Ashley, his Kife
of - St • L~~@_ Cpw,~y Flwid~, hininaits~ d~~ignit~d a~ 1h~ "MORTGAGOR; • u~d FIRST FEDERAI SAVINGS AND IOAN
ItS50C1AT10N OF FORT PIERCE, ~ corpaation ap~ni:~d ~nd ~xi~~inp undar tM I~ws of 1M Unit~d Sta~~a of Am~~7u a~d Mvinp it~ princlpal pl~c~ of
butimw In tM Uty of Fut Pi~ru, St. luci~ Cwnty, flaid~, FK~ein~ftu d~~ipna~ed u tM "MORiGAGEE:'
WHEREAS th~ MORTGAGOR is jvttly inde~bt~d ~o tM MORTGAGEE in tM sum of s 19 ~ ~ood andJawful monty of tM U~ited
Suts advanc~d by ti?~ MORIGAGEE unto the MUR~GAGOR, as evidenced by a certain promis~ory note of even dsts herewifh, of wh~ch t1?~ fdlowinp in
wads ~nd fipur~s a a trw copy. to-wit:
= 19 . SOO.00 r.j,10021883
Faf Pieres, Florid+. Apc 31 26 ~q 76
Fw wfue reteived, 1, ws w eilher of us, promise 1o pay, withovl defalcation, to the order of FIRST FEDERAI SAVINGS ANp L0/1N ASSOCIATION Of
fORT PIERCE at Fort Pisres, Florida, the sum of S 191_5~!~ w~~h ~nrerest from date at the ~ate of ~Y96 per annum, in awr?thty inttall-
ments as follow~: ~~r2..~ on the -~21day of +131IL____, 19__I~L and a like sum on the cwrespondiry day of tuh month tMr~-
aftsr until the whoie bs futly paid.
Exh i~sr~llmenl firit sMll be applied in paymcnt of the inrerest and then on the unpaFd balsnce of the prirtc~pal wm. If def~ult is mads Ir~ fh~
pay~nent of any i~stailmene whrn due, ind such defauit cont~nue~ 30 days, then st tha op+ion of the hotder, and without •ny ott»r nofice, s!1 the ?~maininp
~nitallmcnn ~hall be du~ and pay~bls ~1 once. P~ivilege i~ fliven to propay thi~ note in whol~ or in parf at a~y time wilhout penalty. Neither fweboaranc~, 4
nw scwptance by tF~e holder thereof after sny defaulf in any payments herton, ~hall ba dermed extension. A late payment charg~ of =.~c.as~ ihall b~
eddcd to each insta~lment rcmaining unpaid 7 dsys after iri due date, and ~ like su~n shall tx added to eact~ such installmant remaining unpaid 7 days ah~r
eath succtedinp payment data
Each maker, su~ety and endorxr hereof, jointly and teverally, waives demand, p~esentmenl proteat and notice of p~ote~t fa nonpayment, and fvnher
agre~s fo ~ny extention of time of paymeet, either beforo or sfter mawrity, without ~otice to any of ui; an~ to pay all costs of collection, includinp ~
reaso~abk attorney's fee in the event of My default hereunder, a~d hereby severally waives atl benefit of homes~ead and exsmption w~d~t iM ca?stitwFon s
and I~wt of exh Sute of ths United States, as against this obl~gation o~ any ex~ension o~ rerux~l hereof. `
i
Witneu the Mnd and seal of each party. ~
_ s/ Bobby E. Ashlev ~
APaBAtSERt ~ - (SE~?L) ~
ucE 0~~r 3i, _ ~~t y- oc~c~ ~ o~ /7 s/ Carolvn Ashlg,y (s~?U
~
~ ~ " ~ ~ $tat~ Revc:~w
(S~h~~M"s~nc~IFe~ ar eripied ~net~)
NOW, THEREFORE, ~M MORTGAGOR for the purpou of tecvrinp payment o~ faid sum of ~ lg ~ 5~ • O0 ,~nd tIw pKfpm~nce of th~ ~
cov~.unb ~nd sqreemems F~!?fiM~iN expresxd, and for d~ven 9ood and valu~bl~ cons~de.atio.n, by thess preaents, do~~ ~r~m, bar9ain, s~ll, remise. ~
release, conwy ~nd confirm uMO tM MflRTGAGEE, its succeuors and assiyns, aIl that cert~in lot, piecs w pareel of I~nd, tituate, lyinp, ~r~d beinp in fhs ~
Camty of SL . I.t1C 16 and State of florida, dew~b~d as follaws: '
Y
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That part of the SE of the SE 4 of the NE ~ of Section 30, ~ ~
Toamship 35 South, Range 40 East lying North and Bast.of Ten qs ~
Mile Creek and West of Ralls Road (sometimes called Selvitz ;
Road), less and excepting rights-of-way o~ ease~nts for drain- ;
age canals and electric transmission or distribution lines. ~
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By agreement of Nbrtgagor and Mortgagee on file ~eith ~ '
Mo ~ ~ ~ a
rtgagee, the within mortgage secures not only an 9t
existing indebte~ness, but also ADVANCES to be 1~RE- '~j,~~ ~ f
AFTER made by Mortgagee to Mortgagor, the aggregate ~
5~ ;
of which will equal the principal an~ount specified ~ Q. ;
m
in the promissory note secured hereby. $ ~~J' L
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; This is a corrective mortgage designed to correct an erroneous legal ,
; description appearing in that certain mortgage dated April 26, 1976 ~
j and recorded in O,R, Book 251, page 2188, of the public records of ~
~ St. Lucie County, Florida, and upon which int8ngible tax has been ~
paid as evidenced by receipt No. 265272. ~
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top~tFwr with ifl and iingul~r the tenements, hereditamen» snd ~ppurtanus thereuMO belonyinp or in anywise ~ppertainirg fhereto, ~nd dl rtnri, Ittws, r E
; proueds snd profiri scvuiny and to acaue from said pr~miset, aIl of which are included f~ tFie above and forpanp deuription and habaidum. ~
~ TO FIAVE AND TO HOLO the abovs desvibed and ynnted premiset unto tM said MORTGAGEE, its waesson u~d ~ssiym forewr. Md tir s~id ~
~ their ~
MORTGAGOR foi hein, e:ecutors, adm;nistraton snd usiyns, hereby covenanb with tha taid AAORTGAGEE, its suaeswn ~rd asslp~s,
j that thev 8 LQ Iawfully seized of the ssid premises in fee timple: tMt the tame ue (rN, cl~a~ and dischuyed from all 1'~em a~d ~ "
~ bnnce~ in Isw or in eqvity, aod tF~at thev will a~d theiZ hein ~hall warram and defe~d tFw titb w the a~nw ro tM safd f
MORTGAGEE, ift sucussors +r?d ~ugns, fwever ayainst the I~wful claims ~~d demands of all persorqj }
PROVIDED, AlWAYS tMt if the AAORTGAGOR aMll pay umo the MORTGAGEE tM promiswry note hereinb~fore dewibed uid shall huly, prompfly ;
; and fully perfwm, discMrQs, execute, complete, comply with ~nd ~bide by each ~nd every the stipvbtio~s, ayreement~, conditiau and cov~nann of said s
• promiswry note snd of this Mortqsye, then this Mortgape and ~he Esfate hereby aested shall cea~ and b~ ~vll ~nd void.
E IT IS UNDERSTOOD th~t the word "Mortysyw" whethe~ in ths singul~r w plural ~nywher~ in this Mort~p~, thall b~ sirpular if on~ only ~nd .t,
sh~ll bt plurd jointty ~nd pverally if mor~ th~n one, and that the wad "thei~" as used ~nyvvhere i~ this Mwlpap~ shall be bken to m~an "F~is,•• "Iws,•• ~'o ;
' or ,•ia:' wherever tF» conuaa w'wnplies w sdmifs. Also, ~h~t wherever there is ~ refaerKe in the covenan?s ud apr~emanq I~~in contairwd ro~rry of
! tFw parties hereto, th~ ssmt ahall be cautrued to mean ss well at the heirs, leysl represenqtives, auaeuors and ~uipro (eithar vol~ntary by acf of th~ ~
~ pariia w iovdur?t~ry by oper~tan of th~ law) of tht same ~nd that ihe cove~++nn F+K~~n conuined shall b~nd .nd th. bsn.fi» and advanfap~s G~w~
t ro tM r~spectiw h~AS, Ipal representatives, aucuawrs end sa°yns of ths p~rties hereto. ~
~ Md said MatyaQon, fa themselves snd their hein, le9al rep~esentstivss, succeswrs and usi9ns, hereby joimly ~nd asver~lly covenant and pr~e
~ to ~nd with ths s~id MORTGAGEE, in iuccessas ~nd auiqr»: ~ ~
~ 1. To pay dl and ~inQular th~ principa) and ime~pt ~nd th~ v~riovs and sundry swn~ of mw~eY paY~blt by virtw of said
mort~a~e. Nch ~nd ~very. WomP?ly on the d~ys r~speaively ~F+e sam~ sw~rslly become d~e. ~°f^`u°ry noM. ~nd N~fa ~
2. To pay all ard s'u+pular the bxe~, auesunents, levia. Iiab~G~ia, obli9ation~ ~nd ~ncumbrances of wery nawre and kind now on said d~wlbd
; p?aperty, or that he~~ahe~ may b~ impwed, wffe~ed, placed, levied, a ~aessed therawi, w that henaft~r nuy b~ levied w a~seswd vpon thM Mort¢ ~
s ay~, a tlw ind~btedr~ea sacured hereby, ~ach ~nd ~very, when dae and payable, xcwding ro law, befa~ thay bscome delinq~t, snd b~for~ arry imK~st ~
attsches w any penalry is incwred; AND INSOfAR AS ANY THEREOf IS Of RKORD 7HE SAME SHAU 6E PRONIVTLY SATISFIED AND DISCHARGED 'JF
$ RKORD AND THE ORIGINAL OFfIC1Al DOCUMENT (SUCM A5, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfACT10N VMER OFfIC1ALLY E~ _
OR CERTIFIED) SHALL dE PUICED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and i~ th~ ev~m tMt any tMreof b rw~
ff0
paid, sar'~fied and discMaryed ss:d MORTGAGEE may a~ any t~me pay the same w any part thereof without waivi~q a~ffectirq any option, lien, puity p
•iqht ~nde? w by virtue of this morrysge and the full amoun~ of esch and every wch payment snall be irtunediately dw and payabl~ and ~ha11 btar int~rqt
~ ~•om the dat~ thereof ontil pa~d ~t ra~e o( n~nc per cemum per ~n~um a~d logether w~th such int~rest ~MII be secured by tht tien of th:s morytape.
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