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11i ,
THIS INDENTURE, Mad~ ~he ~r3 day of ~ ~~`~y A.D. 14 76 b~twNn
M ci
hael R. Watford, a single adult
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o~ $t. ~''uC e Covory Fiorida, here~aa(~N deiignatsd as th~• "MORT(aAGOR," and FIRST iEDERAL SAVIMGS ANp IOAN
ASSOCIATION Of FORi PlERCE, a co~pw~tion wy~nised u?d txistin~ vndsr ths laws o( tF» United St+t~s of Ame~iu and hariny iri princlpal pl~u oF
butin~u in tM City of Fort Pi~rc~, SI. lucis County, florida, Mroinaft~r desiyn~ted ~s tl» "MORIGAGEE." '
WHERfAS fM MORTGAGOR is juqly indebtsd b the MORTGAGEE in ths sum of s_ 14 ~ 4OO • 00 _ 9ood ~nd I~wful money of the United
Stat~t advanced by th~ MORiGAGEE unto Ihe MORTGAGOR, as evidenced by ~ cert~~n promisiwy note of eve~ daq herewith, of whith IM tollowirg ln S
wwda ~nd ~f~yur~s u a trw copy, to-wit:
~ 14,40Q.00 ~10021906 ;
fwt Pkrc~, flwida, M`~y 3• 19 76 }
ia valw rec~ived, I, we or either of us, pronuse to pa~j wi~nout defaicetion, to ~he order of FIRST fEDERAI SAVINGS ANO IOAN ASSOCIATIQN OF ;
fORT PIERCE at Fwt Pierte, florida, the sum of s_l~
~4n'". ~n _ w;ih interest from dete a1 the r~te of 9• ~ 96 per ~nnum, in monthly install-
ments ss follawt: ~ 139.00 ~ t~ 2Utt1 day of J~e 19 76 _ and a like svm on the carespond~ng day of each rtw~th the~e-
•fter until the whole be tully pa~d.
E+ch in~tallment first ahall ba appl~ed tn payme~t of the inreresr and then on tne unpa7d balsnce of the p~+nt~pal sum. If defauh is made ie~ tM
paymeol of any instsllrner~t when due, and ~ruch defaulr con~in~es 30 daya, then et the option of the Mlder, ~nd w~fhout any othe~ notics, al) the r~m~ininp
inst~llments shalt be dus and payabie st axe. Privile9e is given to prepay this note in whole or i~ part st any tims wilhout penalty. Neithe? for~bea~~nc~,
rar ~cc~ptance by the holder thereof ~fter any default ~n any payments hereon, shall be decmed sxtension. A late payment charq~ of ~ 6• 95 , tMll b~
added to each instaltnk~t remaini~ unpaid 7 days after its dve date, and. a like sum shall tx edded to each suth lutalicnoot remaininp unpaid 7 days aftK
each sutteedirg psymenf date.
Eath maker, surety and endo~ser hereof, jointly and severally, wsives demand, p~euntment proteat and nolice of protest fw nonpsyment, sRd furtMr
apr~es ro~ny sxtension of time of p~yment, either be(ore or after maturity, withaut not~ce to any of us; and to pay all costs of mllection, hxlufiny a
reasonabl~ a~tarxy's fee in the event of any default hereunder, and hereby sevrrally waives all benefit ot homestesd and exemption ~~da tht constitution
and lawt of each State of tM United Staus, as againat this obii9ation or any eatenaion or renewal hereof.
Wit~ess tha hsnd and seal of each party. ` h11C}11E31 R. Watford, d
~ S' (SE/?U
t
,;cF~~.
~ • ~~f 2;. [X~~~/- ~f4`~C%/J single adult (s~?)
. ts~?U
(SEAI~ .
~ $ 21. 60 ~ State Revenue
o~0a~t~aont
NOW, THEREfORE, the MORTGAGOR fw the pvrpose of sccvring payment of said sum ot ~14 , 400. 0~
covMa~ts snd ~yreements hereinafter e:presscd, ~nd for dlvers good u~d v~tuable cnnsiderationi, by thesa presents, does yr~nt, b~ry~in, tell, rtmiss,
releas~, conwy and confirm unto the MORTGAGEE, its succeswrs a.-?d auigr+s, all that ce~taen lot, piece w p~~cel of I~nd, sitwte, lyiny, and beinp in tM
~~~y pf St. Lt1C1@ and State of Florida, dexribed ~s followr
~ :he E~ of Vorth 130 feet of F.~ of NEla of SWI;~ of SEI~ of Section 17,
Township 35 S, Ran~e 40 E, St. Lucie Connty, Flozida.
STATE G~ FL..ORlU~ ~ ~
UO~UMFNTARY:~~.;~S~AM? TI~~_ I ~IEpy . ~
°c~ M UEPi. tlF REVEhUE 'r ~
" ~ ~ p"'~r ~nr
Z~ _ • _ ro ~~&E ~av~ aF
..<< - = KAT-.; 76 ~ ~~~f " ~ 6 Q ~ )1_ ~ n,,,,_T~
~
~ = ~~~ot ~ CIqqMT ~~Polilb~,~S qF 19
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p . . . . . . a? tUC~ ~ flll
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By agreemen± of ~lor tgagor and ~tor tgagee .on f ile
with Mortgagee, the within mort~age secures not
I only an existing indebtedness, but also ADVAIVCES
to be HEREAFTER made by DSottgagee to Mortgagoz
i the ae~gregate of which tivill equal the principal
amount ~pecified in the pror~issory note secured
~ hereby.
~
if
I
~ topether with all u~d sinyul~r the tenememi, hered~tamem~ and appurt+nces thereunto belonging or in anywise sppert~inirg thereto, and ~II r~r?ts, iswy,
proceeds a~d profin ~ccruirg and to acuve from ssid premises, all of which ue included in Ihe above and faeyoirg dtscription and h~bendum.
~ TO HAVE AND TO j1010 tha above dexribed ~nd yr~nted prcmises umo tM s~id MORTGAGEE, its successws u~d auiyns for~vK. Md th~ ssid
MORTGAGOR fpr -h 1 S - heirs, executors, sdministrators and ~isigns, hereby covena~n witF~ th~ s~id MORTGAGEE, its suottaso~s and assipns,
th~t he 15 lawfutl se~:ed of rhe taid
Y prem~ies in fes simple: th~t tF~ same ~re ires, c{ear and dixh+ryed from all Ikro and KKwn-
~ b~ncts in law w in equity. ~nd thst he will and h 15 heirs shall warrant and d~fsnd t}» titl~ to tM sam~ to tM a~id
€ MORTGAGEE, ib sucussort snd suipn~, forever ayainst ths Iawful claims and demands of •II pe~wns;
? PROVIDEO, ALWAYS thtt if the MORIGAGOR shsll psy unro the !N(~RTGACsEE the promiuory note hereinbefore dewibed u~d sh+ll ttuly, promptly tip
E and f~lly perfam, disdNr9e, e:ecute, compkte, comply with and abide by each and every the stipulaYwns, yreementf, caxlitions snd tovenanb of ssid si ~
~ promiswry not~ ~nd of this Mwtgs~e, then this Mortgsge and the Eaqte hereby cre~ted shall tease ~nd be null ~nd wid. ~w
~ IT IS UNDERStOOp that the wwd "Mort w" whether in the si ular a lur~l an htre in this Mort
~+s ^s a rM' 9+~t, .h,~~ b. sirgv~.. ff ons w+N .nd i"rJ~
~ shall b~ plw~l iointly snd sw~rally if mor~ than ~s, and that the wwd "theu" ~s vied ~nywhae in this Mw19a~~ ihall be taken to me~n "hb,•• "Mn,••
f or "ib;' wherave~ the context w implies a admits. A~io, that wherever there ii a ref~~ence in the covenants snd ~p~eement~ I~rein tont~irnd to ary of `w
f tia parties hereto, the same afull be construed to mean ~s well as tF~e heirs, kqd rtpresentativei, succeuon and ~ssipru (ekha w~lvntuy by ~d of tl» ~
parti~s a fmolunt~ry by op~ratia~ of ~he law) of the sune and that the cove~+nts F+en~n con~•~~xd ahall Wnd and rM b.n.fin .r?d .dv.nt.p., inun
i to th~ rap~ttive hsirs, fpal representativ~s, successo?s ~nd ~u~9ns of the parties hereto.
f
~ And said Mwty+pon, fw themselves snd their hein, legal rep?e~entatives, sucussors ~nd auipm. Fxreby jointly ~nd ~vaalfy cov~nant and aprw
i to and with tFw ~aid MORTGAGEE, its svccetsors ~nd a~sig~s:
~ 1. To pay dl ~nd sirgula tFk principal snd imesest and tht variax and sundry iums of money paY~bb by virtw of said promissory nof~, u~d fhb ~
mortyapt. ~ach and ev~ry, promptly on the days respsctivety iFw s~me stwr~lly betome dw.
i 2. To •II ~nd ~i
i pap rpvlsr the taxes, assessment~, levie~, liabilities, obliystions ~nd encumbr~nas of wery oatwe and k'uK! now on yid d~wib~d
propaty, o~ th~t he~eaher may b~ imposed, wff~red. Plated. levied, a~ueased thereon, or that her~aftK may b~ levied a au~sttd upon thi~ Morq-
; pt• a fM ind~btedn~u secvred hereby, each and every; when d~e •r~d payabk, ~ccordinp ro law, beiw~ tMy become ddinqwnt, and b~fa~ a+y b~arat
~ attaches w sny penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII dE PROMPTIY SATISFIEO AND DISCNARGEO OF
RECORD AND THE ORIGINAL OfFICIAI OOCUMENT (SUCH AS, Wft INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OffIC1AlLY ENOORSE~
; OR CERTIf1E~) SHAII BE PIACEU IN THE HANOS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; ~~d in the went that any thenof is nol
p~id, s~t'sFied and disth~rped ia:d MORTGAGEE may ~t any time p~y the same a any p~A thereof without w~iviny w affectinp any op/ion. 1'Mn. pviry a '
i •iqht unde? p by virtue of thii mortyaye and the full amount of each and eve~y such payment sMll be immediately due ~nd payabl~ and ~hall b~at intK~st
; <<om the d~te thereof until paid at rNe of n;ne per centum per •nnum snd to9ethe. w~fh ~~ch interesr shall bt secured by the lien of th:s morytpl.
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