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Home My WebLink About0029 . i . ~~~5z OORRBCTIVS MOR'fGAGE , • ~ ~ THIS ItJOENTURE. Mid~ the 17~ day oi .seDtB=~Ar A.p. 19~ betwee~ Sdxard R. Langel and Jean H. Langel a/k/a June H. I,~~, hia rrite o{ .St• L1lC~A Covnty-Florida, hereinafter de~ignated aa the "MORTGAGOR;' and FIRST fEOERAt SAVINGS AND IOAN ASSQCIATION OF FOR1 PIERCE, a co~puation aganized and exisi~ng unde+ the lawi of ths United Sf~~oa of Amtriu and luviny itt principal pl~t~ of busin~t~ in ths City of fwl Pierce, St. luue County, ilaida, hereinafter des~gnated as tM "MORTGAGEE:' WHEREAS the MORTGAGOR is justly indebtcd to the MORTGAGEE in the sum of s_ 32 s~0 good and lawful money oi the U~itcd Stales adva~ued by the MORIGAGEE unto the MORTGAGUR, as ev~Jenced by a certa~n promissory note of even date herewith, of whlch the iollowirp i~ words and ligures is a true cupy, to-wi~: =32,000 00 ~11000161 € ~ Septeaber 1? 19 ?3 ' Fort Pierce, Flaida, _ Fw value ~eceivrd, 1, we or eithrr of ~s, prom:se( ~toy~~y, without deta;cation, to the order oi FIRST FEOERAI SpAV~INGS AND LOAN ASSOC~ATION OF ~ORi PIERCE at Fort Pimce, Florida, the sum of s32!"_'_'_'_~ with interesl from date at the raM of I~v °!o pe~ annum, in moMhly instalb mems as tol!ows: 5288!~ ~ ~t'h day of _~Cen~r_ 19~- and a like sum on the corresponding day of each month there- a4rer umil ~he whole be fuliy oaid. Eath i~stallment (irst ahall be appfird in paymrnt of th~ interest and then on the unpaid balance of the p~indpal sum, tf default is made in the E•armeM of a~y ins~allment wheo due, and wch detauN CJiIhfUBt 30 days, then at Ihe opti~n of the holder, and withoul any other notice, all the remaining ~nstallments shail be due a~d payable at once. Pr,v:tege is g~ven to prepay this note in whole o~ p+rt at any Gme withoul penalty. Neither forebearsnce, r.or acceplance by the ho(der thereof afrer any defau;t in any payments hereon, shatl be•deemed extension. A late payment charge of S • shall be added to each instal;meot remaining unpa~d 7 days aher its due date, and a tike sum shalf be added to each such instaliment remaining unpaid 7 dsys after each succeeding payment date. Each maker, surety and endorser hereof, jo~n~~y and seve~ally, wa~ves den~and, preuntment protest and notice of pfotest for nonpayment, and further agrees to any extens~on of tim~ of payment, either befo~e w after matu~ity, wirhout not~ce to any of us; and to pay afl costs of collection, including a r~asonable atrwaey's fee in the event of any defautt hereunder, and hereby severally waives all benefit of homestead and axemption under the co~titution a~,d laws of each Srate of the United States, as against this obGgation or any extension or ~enewal hereof. Witness the hand and seal of cach party. . S/~ Bdvard R. I,anqel ~Aq cs~?u . 3 rs Jean H: r~ei 8 g June H: Lan¢el ~nu 1 Sta!! Revenue , ~ . i~i~ . (STamps uncelled on wiginal note) l '•:^t . Q~ c . NOV11, THEREFORE, the MORTGAGOR {or the purpose of :ec~~~iv11%~~~~lsym of S 3~~~~'~ and the perforrtwnce of fhs covenants a~d a 9~eements hereinafter ex pressed, and ior dive~s gobb f~d W~C'b0(~illerations, by these p~esents, dxt 9~ant, barysin, tell, remix, -~lease, convey and cw+firm unta the MOR7GAGEE, ;ts succeswrs and ssagns, all that certain lot, piece w parcel of land, situate, lying, and being ln the Counry of St. Lueie and Stats of Fbreda, desuibed as follows: The South one-third of the North t`ifteen (15) acres of the Uiest one-half of the West one half of the NF~{ of Section 7, Township 35 5~~, ~e 39•Bast, St. Lucie County, Florida. LBSS rights-of-way for drainage csnals and sub~ect to ease~ents of record. TpGETHSR ~?ith 4 right-of-~ray easeaent running parallel to the West boundary line of the N~ of aaid Section 7, Toxnship 35 South, Range 39 ~st, a iore particular description being: Starting at the NW corner of the N~{ of Section 7; thence run Bast 52 feat; thence rua aouth 330 feet for a point of beginning; thence run Bast 20 feet; thence run South appro~ciaate~}r 2310 feet to Orange Avemie bcteneion; thence run Yeat 20 feet; , thence run North appro~cinately 2310 feet to the point of beginning, aaid eaaesent ~ being for ingreas and egress to~the property hereinabove described.? i By agree~ent o! Mortgagor snd Mortgagee an tile x~th Kortgagee, the vithia iortgage ~ aecurea not only an ezisting iadebtedness, but also ~DY/INCSS to be H~tSAFTBR aade by Mortgagee to Mortgagor the aggregate of Which xill equal the principal asaunt speci- ; T~hiea is i co~rrective~ioi~g gee~~e~~oY~orrect an erroneoua legal description appearing in those certain nortgages of even date herexith recorded in 0. R. Book 219, p~age 20Lt, and 0. R. Book 222, page 2109 of Lhe public records of St. E Lucie County, Florida, and upon xhich intangible taz has been paid as evid~enced by receipt ~310318. together with all and singvlar the tenements, hereditaments and appurtances thereunto belo~ging w in anywiu appertaining thereto, and all rents, iuue~, proceeds and prof~fs +ccruir.g and to acaue from said premises, all of which are included in !he above and foregang dewiption and habendum. TO HAVE AND TO HOLD the above descr~bed and,gc;nlgd p?emises unto the said MORTGAGEE, its svccessors and auigns forever. Md th~ said AAORTGAGOR for -~~Z---- he~rs, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, iri suttpsors and ~ui~ro, rhat g~ Iawfully se~zed of the said prem~ses in fee simple; that the same are free, clear and dixharged from alf liero ~nd encum- brances ~n law or in equity, and that ~gy wiil and ~eir heirs shall wsrrant snd defend the titls to the same to the s~id MORTGAGEE, its successora snd assigns, forever against the lawiul claims and demands of atl persons; ' ~ PROVIDED, ALWAYS that if thc MORTGAGOR shall pay uoto the MORTGAGEE the promissory note hereinbefore described and fh~ll truly, promptly ti ~ and fully perform, d~scha~ge, execute, complete, comp~y with and ab:de by each and every the stipulation~, sgreements, conditions and covenanri of said prom~sso~y note and of this Mortgage, then th~s Mwtgsge and the Estate hereby ueated shall cesse and be null and void. ~ IT IS UNDERSTOOD that the word "Mortgagor" whether in the singutar or pturol anywhere in this Mwtg~ge, shall be singulsr if one only ard w shall be plural jointly and severally if more than one, snd that the wwd "their" ss used anywhere in this Mortg~ge shall be tsken to mean "his;' "hers;' d or "its;' wherever the context so implies w admits. Also, that wherever there is a reference in the covenanta and agreements herein tontained to any of rhe parties hereto, the s~me shall be construed to mean ss well as the heirs, legsl representstives, sucFessors and auigns (either voluntary by sct of tM partia o~ involuntary by operation of the law) o( the same and that the coveoants hertin comained shall bind and the benefits and adr~ntayes inw! • v ro the respective heirs, legal representatives, successors and au'gns of the parties hereto. And said Mwtgagws, fw themxlves and their heirs, legal represenqtives, successors and suigns, hereby jointly and severally covenant and ~yree to and with the said MORTGAGEE, its successors and assigns: ~ 1. To pay sll ~~d singvlar the principal and interest and ti~e various and sundry sums of money payable by virtue of said promi~sory note, and ihii mwtgag~, eech and every, promptly on the days respectively the same uverally become due. ~ 2. To pay sll and i~ngvla? the ta:es, assessments, levies, liabili~ies, obligations and encumbrance~ of every nature and kind now o~ said de~cribed property, a that Fxreafter may be ~mposed, suffaeA, placed, fevied, or sssessed thereon, w th~t he?eafta may be levied a assessed ~pon tha Morl¢ ~ age, w the indebtedness secured hereby, esch and every, when due and payable, xcording to law, befwe tF~ey become delinquent, ~nd befwe any interat artaches or any penalty is incur~ed; AND INSOFAR AS ANV THEREOf IS OF RKORD THE SAME SHAIt 8E PROMPiLY SATISFIED AND OISCHARCaED OF RECORD AND TME ORIGIhAI OFFICIAt DOCU~YSENT (SIKH A5, FOR INSTANCE, iHE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAILY ENDORSED OR CERTIFIED) SHAtI BE PLACED IN THE HANDS Of SAID MORTGAGfE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event tMt any thereof is ~ot ~ pa~d, sai sfied and discharged sa:d MORTGAGEE may at any t~me p+y rhe same a any psrt thereof without wairing or sffeding any optio~, lien, eqvity or •+qht under w by virtue of this mortgage and the full amount of each and every such payment shall be immediately dve and payable and ihall besr interest i.om the da~e thereo( until pa~d at rate of n~ne per centum per ann~m and toge+her w;th such interes~ shall be secur~ by the lien of th's morgtage. 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