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THIS INDENTURE. H1ad~ the 27th day of ~y - AD 19 ~6 bO~""~^
Henry H. Sapp, Jr. and Dawn M. Sapp, h s a e
of St. Lucie Cptmty flaid~, hereinaf~e~ designated ~s th~ "MORTGAGOR." and FIRSi fEDERAI SAVINGS AND LOAN
ASSOCIAT~ON Of FORT PIERCE. • torpaation wqani:ed ~nd ~xittin9 unda~ ~M laws of th~ Uni~ed St~taa of Amsrica snd havirg its principal pl~ct of
bu~in~si ia th~ City oi fwt Pi~rce. St. luci~ County. Flaida. MfOiMFIN desipos~ed +a tM "MORIGAGEE."
WHEREAS IM MORTGAGOR is justly indeb~ed to tM MORTGAGEE in Ihe sum o( = 26 ~ 6~' ~ good and lawful mo~ey of ths Un~ted
Jtatet ~dvancW Oy 1M MUKIbAIa[[ unto IM MUItWA~atlk, ss gwoenceu oy s~enan prcuii»wr iw~r e~c~~ uaic :_~o«:t~., ~.4 :.`.8 fC:::..::.^.~ :a
wwds u~d fiyures ii a ~rw copy, to-wit:
= 26.600.00 ~ 10021949
Fort Piace. Flaida. ~Y 27 ~ 19 76
fw velue received, 1, we or either of us, promise to pay, wi~hout defalcai~un, to the order af FIRS~ FEDERAL SAVINGS ANU LOAN ASSOC~ATION OF
FORT PIERCE at Fort Pierce, Florida, the sum of S26-a-.6~' ~ w~th ~nterrst fran date at ?M rate of 9• ~°`ro p~~ ~n~um, in monthly insialh .
menn as follows: S 224•~- a+ ~he 2Oth day of `Jul~~--, lq_76 _ and a like sum oo the correspond~ng day of each month tht~r
after until the whole be fully paid.
Each installment firsf shall be applied i~ payment of Ihe interest snd then o~ the unpaid balance of the princ~pal sum. If default is msds in 1M
payment of any insrallment when due, and iuch default continucs 30 days, then at the option of the holder, and withoul any other notice, all the remaini~
installmcnts shall be due and payable at once. Privitege is given to prepay this note in whole or in part at any time without penalty. Neithcr iwebsarante,
nor ~tceptant~ by Ihe holder thercof after any default in any payments hereon, shall be deemed exteniion. A lata payment charge of S_ll!
~20 shall b~
added lo each iostaltmeM remeining unpa~d 7 days after ib due date, spd a like sum shall be added to each tuch-inataltment remaining uopaid 7 d~ys ~hK
each iucceeding p~yment date.
Each maker, surety and endo~ser hereof, jo~nlty and severally, wa~ves demand, presentment protesf and notice of protcst for nonpeyme~t, ~nd furthe?
agrees to any extension of time of paymenl, e~rher beiore w aiter matu~ity, without not~ce to any of us; and to pay all costs of collection, includ~ng •
reasonable attorney's fee in tM event of any default herevnder, snd hereby saverally weives all benefit of homestead a~d exemption under the tonstitution
and laws of each State of ~he United S~ates, as ayainst this obli9ation or any extensio~ a renewal hereof.
Witness the hand and seal of each party.
Sf HenY y~. Sdpp . Jr .
~ ~ j . ~ , (sE/?u
S/ Dawn M. SaP.p, c~?U
$39. 90 ~ ~
c ~ stare a~,rc~,»
(S~wrnR+~aneeNed~ aralgin~I ne~d .
NOW, THEREFORE, the MORTGAGOR 1w the purpose of secvring p~ymem of. said sum of S 26 • 6~• ~ and tlx pe?formarxe of tM
covenants and a9reements hereinafter exp?eucd, and fa d~vers good and valuabl~ cona~d~rations, by these presenb, does y?ant, bar~ain, ull, rem~se,
release, convey +nd confirm unto the MORTGAGEE, its successors ~nd auiyns, all thst certain lot, piece ot parcel of Iand, situate, Iying, ~nd beinp in fhs
Co~nty of $t . Lue ie and State of Florid+, dewibed a~ follows:
Lot 3, Block 115, LAKBWOOD PARK UNI?M,9, as peY plat thereof zecorded in
Plat Book 11, pages 27A, 27B, 27C, and 27~, of the Public Records of St.
Lucie County, Florida.
~ J STATE ( LO ~ ~ '`._Jl /-i'
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- . . . . . . . . . . . "'+T S> ~lf AF l9 j°fR~Y
By agree~ent of Mortgagor and Mortga9ee on file
~ with Mortgagee, the r?ithin nortgage secures not
E only an existing indebtedness, but also ADVANCSS
~ to be HBRBAF?BR aade by Mortgagee to Mortgagor
~ the aggzegate of which will equal the principal
; anount specified in the pronissory note secu~ced .
p hereby.
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~ to~elher with all and iingulsr the tenements, hered~tamcnls and ,ppurtances thereunto belongin~ w in +nywise sppertsining ~hertto, and sll renri, iuws,
g procesds a~d profits acuuing and to acu~re from s+3d premiut, all of which are included in the above and fwe9oiny dewipYan ~nd Mbendum.
~ TO FUVE AND TO HOtD the above dew+bed and gnnted premises unto the said MORTGAGEE, iri ~uucsson and assiyns forevN. And fh~ saW
~ their
MORTGAGOR fw heirs, executws, administ?ato~s and assigns, hereby coverunts with the asid MORiGAGEE, iU svccessws ~nd assipro,
they_~___
?hat - lawfully seizcd of the said p?em~ses i~ fee simple: that the same are iree, dear •nd diuharged from all (iero snd ~ncum~
~ brances in law or in cquity, and that_ thQy will and thQ1Y hein ahsll wsrr~nt and defend the title fo the um. ro rM said
MORTGAGEE, it~ svccessors and assigns, faever ~gainst the lawful claims snd demands of all perwns;
~ PROVIDEO, ALWAYS that if the MORTGAGOR ~hall pay unto the MORTGAGEE the promisso?y note hereinbefore desvibed and sMll truly, promptly
~ and fully perform, diuMrge, execute, compkte, comply with snd abide by each snd every the stipulations, ayreements, co~ditiom and oovenants of said
promissuy note +nd o1 this Morigage, then this Mwtgage and the Estate hereby aeated shall cease and be null snd void. R, ~
~ IT (S UNDERSTOOD thst the wwd "Mortgagor" whether in the singular or plural ~nywhere in this Mwtgsye, shall be sinpular if one only snd ~i;'~
shail be plural jointly and severally if mue than orx, and that t1x wwd "theii' as used anywhere in th7s Moregaye thall be uken to me~n "his; "'htn," ~
~ or "its" wF~erever the context w imp~ies or ~dmits. Also, that wherever there is a refe~ence i~ the covenann and egreemenb herein coot~ined to ~ny of
the p+Mies hereto, the ~ame shall be cons~rued to mean as well ~s the hein, legal r~esentatives, sutcessors and auiyns (eitF~e? volunt~ry by ad o( f!K
~ parties or involumsry by op~ratio~ of the law) of ihe ssme and that the covensmt henin contained shall bind and the benefib +nd ~vantap~s i~wx~ ~
; ro the sespective heirs, leyal reprexntetives, succes~ws and ssrgns of the parties hereto.
{ Md said Mortgapors, for tF+emulva and their hein, legal repreunhtives, successors and auiyns, hereby jointly and sever~lly covenanf ~nd pr~e ~
to ~nd with the ssid MORTGAGEE, its succc~sort and assiyns:
1. To pay •II and sinyul~r the principsl and i~terest ~nd the vsriovs a~d sundry sums of money payable by virtve of seid promissory rwt~, and thh ~
mwtysye, each and every. Promptly on the d~ys respectively the same severally become d~e.
2. To psy all ~nd iinyulu Ihe tsxes, a~sessments, Ievies, li~bilities, oWiystiau ~nd encumbrance~ of tvery aature ~nd kind now on taid d~wib~d ~
~ property, w thd hereift~r msy be impoted, suffered, placed, levied, a assessed thereon, or that Fxr~after m~y b~ lev~ed w aueised upon thls Mort~-
aQ~, a tht indtbtedne~t secured he~eby, esch and every, whe+~ due and pay+ble, xcordirg to law, befae they become deli~quent, ~nd b~fw~ any &itenu
~ attathef w any penalty is irxurred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHAII BE PROMVTLY SATISf1E0 AND ~ISCHARGEO OF
RKORD AND THE ORlGfhAl OFFICIAL DOCUMENT (SUCH AS, fOR INSTANCE, THE TAX RECEIPT OR THE SATISfACTION VAPER OFFICIAIIY ENDORSED
OR CERTIFIED) SHAII BE PLACED IN THE HANOS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT; and in the eveM tMt any tM?eof is r.w
paid, sat"ified •nd discherged sa'd MORTGAGEE may at any t~me pay the same a any part thereof witFwut waiving or al(eclinp any optwn, lien, puity or
~ •ipM under w by virfue of this mortgage and the f~ll amount oI each snd every such paymeM shall be immediately due ar.d payable •nd shall beu infNtst
irpn the date thereof until paed at rate of n~ne per ceMum per annum and together wlth such interest shall be secured by the lien of th:s morybp~.
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