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THIS INDENTURE. M+d~ th~ 27Lh day of Ma A.D. 19?6 b~~wMn .
~io~gan M. Ravl~rsan. J~. a sing ~ a~uit and
Besnice L. Baker; a single adult
af St . L.YC1@ ~yMy Florida, hereinafla d~siynated at th~ "MORTGAGOR," •nd FIRST FEOERAL SAVINGS AND tOAN
:+:a;iOCiA?ION OF f0£i at[RCt, ~ w+~.ow~l~w~ wy«.+cs:l •w:st:..y v~ww tt~ la~t o( the t1~~:;td Sfati~ oE Atr.erl:a a.^:d havirp its ptindpal plau of '
busirnu in tM City of Fort Pi~rc~, St. l~~ Caunty, Fbrida, Mrtinaf~~~ d~si9n~~~d at ~M "MORTGAGEE." •
WHEREAS tM MORTGAGOR is (ustly indebted ro ~ht MORTGAGEE in tM sum of : 17 ~OO•Q.Q 9ood ~nd I~wful monsY of the United ;
Stat~s ~dvanced by ~Ke MORTGAGEE unto tM MORTGAGOR, ss evide~ced by a cerlein promiuo~y note of even date fxrsw~fh, oi which the (oliowinp in '
word~ ~nd fiyvrp is ~ hue copy, to-wit: `
: 17.600.00 ~ 10021948 I
fwt Pi•rc~. Flwida. ~'y 27 19 76 t
fw value ~eceivad, I, we or either of u~, p~omise to pay, without def~lca~ion, to ~he ordar of FIRST FEUERAL SAVINGS AND LOAN ASSOCIATION Of
fORT PIERCE at forf Pierc~, Fbrid~, ?he sum of s__ 17 2_600. ~0 _ w;~h Interes~ I~om date at the rata of 9!
0% per annum, i~ monthly instel4
menrs u followi: S 159. ~ 2OLF1 d+y of _-`~u ly , Iq_76_ uid a I~ke sum on th~ co+respw~d~ny day of each month tMre-
af~cr uMil the whole be fully paid.
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E+ch inst~llme~t (irst tMll be appliad in payment of ~he imeresl and then on the unpaid balance of the prinupal sum. If defiult is mad~ in tht
payment of any i~staitment when dus, and such deiauh cominuas 30 dayf, theo ~t the opr~on of the holder, and without ~ny other not~ce, ail tt~e r~malninq
installmenri shall be dve and payabls at once. Privilefle is given to prepay this note in whole w in pa?t at a~y time without penalty. Neithe~ forebear~nct,
nor accp?anc~ by ths ho1dK thereof a(tN a~y default in any paymew~~ hereon, shall b~ deemed extt~uion. A late p~yrt+~nt c1wr~ of S_~a.Qr2, sMl) b~
edded to ~ath imlallment remainirg unpa:d 7 dars •(ler ils dw date, ~nd a Iike sum shsil be edded to each such instaflment tetM+nirg unp~id 7 days aftar
esch svcceedirg paYment date.
Each maker, wrety snd endorur hereof, joinlly and severa~ly, wa~ves demand, presentment protest and noiice of protest fw nonpeymenf, ~nd fu~ihtr
agrees to sny exten~ion of time of ryaymeM, eithe+ before w a(ter maturity, without nol~ce to any of us; and to pay all costs of collection, includirg •
reasonable attorney i fes in th~ evem of ~ny defaulr hereunder, and hereby teverally waives all benefit of homestead ~nd exemption under th~ comtitWion
and lawi of each State of ~hs United States, as againat this obliyariw~ a any extensio~ o~ renewal heteof.
Witnea tM hand u+d seal of each party.
~?^y 1 •1 ^a f.. S~ MOF~~~•3Raulerson, Jr.
- ~ ~ a s ingle adult ~U
_ (5~?U
S/ Bernice I.. Baker, a singl~q
~ $26.40 i State Rev~nw adUlt ~
(6arep? «w~rllsr ~w rriyirwF-no~e) - . •
NOW, THEREFORE, ths MORTGAGOR fw tM purpose of securiny payment oi sa~d sum of S 17 ~ 60U _ 40 ~M ~orm+~x. of ~1r
covsnants and ayreements hcretnaftcr expreued, ar.d fw divers good and valwbl~ cons~de~at~ons, by th~se prssents, does prant, bar~~in, sell, remise,
reiease, convey and confirm unto the MORTGAGEE, its tuccessors and auigns, •II tMt cerain IQ4 p~«e or pucel of land, iituate, lyiny, ~nd beinp in fFN =
Counry of St . WCie ~nd Sr~t~ of Florida, desuibed u folloMrs: }
Lot 14, RIO VISTA SUBDIVISION, as per plat thereof on file in Plat f
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Book 9, page 6 of the public records ot St. Lucie ~ounty, Florida. ~
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By agreement of ?Nortgagor and Mortgagee on file with Mortgagee, €
the within mortgage secures not only an existing indebtedness, ~
but also AD~ANCES to be HEREAFTER made by Mortgagee to Mortgac~, ~
tho ~nnro~~to nf vhii+l+ vi Tl on»al tho .+rin~inal a~nunt cna~`ifioA i
in the~promissory note secured hereby.~ ~ ~
u?rw?~R~ 07~0~ ln C~G'l~ ~~~'0 7
:wE en~r
v ` ST~^!'E ~LCO~{~~;~':1 '
, ~ r DC~UMEt~TAvv;.-:-- ;~$T~M~ I RF~R~
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together with all ~nd •int}ul~r ths tenemems, . hereditaments snd appurtances thereunto belonging or in anywise ~ppert~inirq the~~to, and all ttnri, itsws,
~ proc~eds ~nd prof~ri xoui~y snd to acaue from said premises, all of which are included in the above and foreyoirg descriptan and habendum. ~
TO HAVE AND TO MOLD th~ ~bove dexribed and yranted premises unto the s~id MORTGAGEE, its suaessors and auiy~s fw~wr. Md th~ safd
~ MORTGAGOR fa t he i r executors, adminisrraten and usigni, hereby covenanb with the said MORTGAGEE, its wctesson ~nd asfipro, s
th~r ---th~are ~aXF~uy seized of tM uid premisss in fee ~imple; that tFw sama are fres, clea~ end dixMrged itom all liens and ancveo- ~
~ brances in I+w a in equity, and that thQ~L- w;ll and their heiri shsll wsnsnt ~nd defend 1M ritl~ ro tM same to tM said
MORTGAGEE, in successws snd sugns, fweve~ aflainst ~he lawful cl~ims a~d demands of all perwns;
- PROVIDED, ALWAYS that if the MORTGAGOR ihall pay unto the MORTGAGEE tF?e prorr.iuory r+ote her~inbefwe dewibed and shall truly, pramptty ~
and fully per(wm, dexl?srpe, execute, tomplete, compty with and abide by each and every the Nipulations, a9reemanq, ca+di~ions and cownann of sa~d ?
promissory rate ~nd of this Mortgage, then this Matysye and the Estate hereby ae+ted thall ce~se and be null and void. .n ~ }
IT IS UNDERSTOOD that the wwd "Mortgagor" whether in the singvlar w plu?al •nywhere in this Mwtgaye, fFull b~ sinpul~r if on~ only u+d i~ ~
ahall be plural 'pintly ~nd severally if mor~ tMn one, and that the wo~d "theii ' as used anywhere in this AAaty~ye shall be t~ken to mesn ••his •'h~rs,•• ~ ~
or "i»" wherever the context w implies o~ admits. Also, th~t wherever the+e it a reference in the covenann •nd ayreemenn he.e~n ooma~n.d to ~ny of :
~ ~he parties hereto, th~ same shall be consrrued to mean a~ well ~s the hei.s, kgal r~presentstives, successws ~nd aui~in (either vol~nbry by acf of tM
? panies w involuntsry by oper~t'an of tFx lew) of the same snd that the covenants herein contsined shall bind and ~he benef~n and ~dv~ntap~s inun ~ i
~ to tM respaetive hein, lega) representativea, successors and au'9ns of the p~ni~s hereto. ~
Md said Mortysqws, iw themselv~s and their heirs, legal represenratives, successon snd aui9ns, he~eby joimly and s~vu~lly cov~nant ~nd ap~K ~ ;
ro and with tM said MORTGAGEE, its s~ccessors and auigra: `
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~ 1. To pay all and iinpul~r the p~ix~pal and imere~t snd the varian ~nd iundry sums of money psyable by virtue of said promiswry note, and fhi~
mwtps~e, eacl~ snd ~vtry, promptly on tl+~ days rsspectively the same severally become due. •
~ 4. To pay ~11 and a~n~ula the taxes, esseuments, kv~es, li~bilities, obliystani and encumbrances of every natu.~ and kind now on said d~wib~d
prop~rty, a that hereafter . rryy be imposed, suffe~ed, plated, levied, or ~ue~sed thereo~, or tMt hereaher may be levied p~~ses~sd ~rpo~ fMs Morf¢
sq~, a th~ ind~bt~dneu tecured hereby, esch and every, whsn due ~nd payable. +ccordirg to law, befw~ they become delinquenf, ~nd befw~ any intK~st
~ stt~ches w any penalty is incurred; ANO INSOfAR AS ANY THEREOF IS OF RKORO TME SAME SNALL SE PROMPILY SAi1SFIE0 AND DISCHARGED OF
" RECORO AND TME ORIGINAI OFFtCIAI DOCUMENT (SUCH AS, fOR INSiA~~=E, TME TAX RECEIPi OR TF!E SAi15FACTION PAPER OffICIAUY ENDORSf~
OR CERTIFlED) SMAII BE PIAGED IN THE HANOS OF SAIU MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that sny thtrwf is rw/
paid, sat'sfied a~d dixharged ~a:d MORTGAGEE may at a~y fime pay the same or any part thereof withour waiving or •ifectiny any optio~, lie~, equity a
•iqAt under w by virrue of this morrgaye and the full amount of each and every such payment ~hall be immediarely due and paysbk and shall bear iM~rq~
~ ~~am the date thereof until paid st r~te of mne pe~ cent~m per ~~num •nd toyether w~th such interest shall be tecured by tAe litn of th:s mwqtp~.
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