HomeMy WebLinkAbout0331 . 36402p ~ ,
THIS INDENTURE, M+d~ th~ 21 St day of A~Ti 1• , A.D. 19
77 ~ b~twNn
Kenneth L. Dr~ond. a si~ale adult
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of St ` iucie ~o„~W Fi«~d., hertir?aftN dtslpnated af tl+~ "MORTGAGOR," ~nd FIRST fEOERAI SAVINGS AND IOAN !
ASSOCIATION OF FORT PIERCE. ~ aorpor~tion oryanized +nd ~xistinp u~ IM laws of tM Unittd Sutq of Amtrka a~d Mvtnp it~ principal plac~ of , #
kwsinp~ in tM Ci1y of ipt Pi~rp, St. l~ci~ County, Flaid~, Mrtl~afttr d~sipnsqd as tM "MORiGAGEE."
WHEREAS tM MORTGJIGOR b j~ntly ind~bt~d b tM MORTGAGEE i~ ths sum of : 76 ~ 0~ , good and Iawful money of th~ United ~
StaNS adv~nc~d by 11w MORTGAGEE un~o tM MORTGAGOR, u evidenced by ~ certain promiuwy note of even date herewith, of which 1M folbwirp (n ~
wad~ ~nd fipwa b a Irw copY. towit:
s 76~ppp~pp . H, 04-23010356
Fwt Pierte, flotida, An=il 21 19ZZ
fw vatw recaved, 1, we, a either of ui, promise ~o pay, without defalcation, to the orde~ of FiRS~ FEDERAI SAVINGS AN~ IOAN ASSOCIATION
OF fORT PIERCE at Fat Pierce, Florids, the ium of s 76 with ioterest from dats st tM rate of 8• S 96 pe~ annum. in
monthly instailments as follows: i 612.~ on the lOth day of Au(~USt 1977 u~d a like wm on
rhe cwresponding day of each month thereafter yMil the whok be fully paid.
Each installment first shall be applied in paymeM of the inrerest ~nd rhe~ on the ~npaid ba~ance ol the principat sum. If de(aul~ is made
~n the payment of any instaUment whcn due, and :uch de~auH con~inuei 30 days, fhcn st the option of the holder, snd withoul a~y other ~otice, y
al! tM rernaining installmentf shsll be due and pay~ble at once: Privileye i~ piven fo prep~y this rate in whols w in psrt st any time witho~t ~
penatty. N~itha forbsara~c~, nor scceptance by the holde~ ths~eof sftK any d~fault in ~nY paYment hereon, shall bs deemed extension. A late ~
paYment- charge of- _ ~ shall be assessed the 2MA day of tAe month, if a re~ul~~ b~sinets day: oi, if ~01 ~?egulM bu~inets day.
then the next busineu day, on each monthly in~taltment not tMn nceived.
E+ch maka, surety and erxlorser hereof, jointly and severally, waives demand, presenrment protat and notiae of p?aest for nonpsyment, ~nd
further agrees to ~ny extension of time of paymem, either befwa w after maturity, without notice to sny of us; and to p~y all costs of collection,
inctuding a ~easo~able anomey's fee in the even~ of any default FKreu~der, a~d hereby seve~slly walres all benefit of homestead snd exanption under
rhe constiwtion snd laws of cad? State of 1M Uniied States, ai ayainst this obligatio~ a a~y extension w renewal hereof.
~ g/ enne . rummon , a sing e~i~
Stete document+ry stamps P~ the amount a u
of = 114.00 are - «u
affixed ro the morty~ setvnd her~bY.
NOW. THEREfORE, ths MORTGAGOR fo~ tM purpose of securinp payment of said sum of i 76 i AAA ,(1A , and tMe perforen~na of th~
covan~nb and spreemenn he~einafter exp.eued. and tor divers pood and valwbl~ coosiderations, by these presants, does ~rant, bsry~i~, sell, remise,
releass, oonvey and canfirm unfo the MORTGAGEE, iri svccessors and assigns, •11 fhat certain lof, piecs or pucel of I~nd, titwt~, ly'ug, end bsirg In 1M ~
~~~y ~ St _ LuCl@ , and Statt of Florida, dewibsd ~s followu
Lot 7, IAZY HAMMOGK SUBDIVISION, accordiag to the plat thereof on file ;
in Plat Book 17, Page 18, Public Records of St. Lucie County, Rlorida.
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By agreement of Mortgagor and Mortgagee on file with t
Mortgagee, the within mortgage secares not only an ~
existing indebtedness, but also !~DVANCES to be HERE- ~
AF1ER made by Mortgagee to Mortgagor~ the aggregate
ef which will equal the principal amount specified
in the promissory note secured hereby.
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~ STAT~ ~~F Ft_GR~(=~~-~ 1
_ ~t Y , -
' DOCUMfN'AR . i,'_~ _.:z;STA M i' ? t,9' I RECENED t~~~ IN PAYMEM OF TAXES
DEPt.r~F kEVEr:ui s: i PROPERIY~
~t ` DiiE ON CU1SS 'C INTANGIBLE PERSONAL
_ _ - RSUANT TO CHAP~E l-
_ _ M; ;i 2_•'.'7 1 ~ 0~ PL' 1 134. ACTS~ 19J~.
~ - ~e_ = ~ • ~ ROGER PORRIIS
~ r -'~~~2 ~FA1( CIRCUIT OOURT, ST. WGIE E0.
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rogether with sll and singul~r the tenemenb, hereditarnents snd ~ppurfantes fhereu~fo belonyi~p or in ~nywis~ apperqininy ther~to. a+d d) r~nb, issws,
prc+ceeds and profin scuuing and to xwe from s+id p~emises, alt of whid~ ue included in the abovt and foteyoirg desuipYan ~nd lubeadum.
TO HAVE AND TO NOID ths sbove described and granted prcmises unto the said MORTGAGEE, ib succestors ~nd auipru forewr. Md th~ said _
MORTGAGOR for hic Fwirs, executon, ~dminist~ators and auignt, htreby coveninb wilh the taid MORTGAGEE, ih six.ceswn ~nd assiyro,
that - hp ~ S lawfully ~eired of the wid premises in fee simple; thst the same are fres, ckar~ snd diuharged itom ~II liens and encum~ i
brnncet in law or in equity, and that he will and h15 hein shall warrant and defend the titl~ to tM same to th~ wW
h10RiGAGEE, ib i~ttessors and auigro, fwever against tM lawful claims s~d dem~ndt of ~II perwns;
~ PROVIDED, AlWAYS thaf if the MORTGAGOR ihsll psy unto the MORTGAGEE the promiuwy oot~ her~inbefwe described and sh+ll buly, promptlp
end fully perform, discMr9e, execute, compkte, comply wi~h and abide by each ~nd every the stipulaiw% ayreements, conditiaa and coven~~ri of said ;
~ crom~ssory not~ ~nd of this Mwtg~pe, then this Mortgsge arxi the Estate haeby aested ahall uas~ and be null ~nd void. ~
~ IT IS UNDERSTOOD that tl+~ wwd "Mwtya~w" wlxther in the s7npvlar w plwal anywhere in tha Mwtpspe, shall be sinyular if orw only and g~
~ shall be plur~l jointly and ieveralfy if more tFun one, and thst the wwd "their" as vaed anywh~re in this Mlaty~~ shall b~ f~ke~ to mean "his,'• •'hen••
or "irs;' wherever the tontext so implies or admia. Alw, tFut wherever there is a refererxe in the covenann and apreemenb herein cont~ined to any of
~ ~he parties hereto, the sam~ shall be constrved ro mean ai iivell as the hein, leysl represeotatives, waesson and ~ssipro (eitMr volvntary by ~cf of th~ ~
perties or involuntary by operatbn of the law) of the iame and tha~ the covenanti herein contained sh~ll bind and th~ benefin u~d advant~yes irwr~ ~
~ ro ~he resp~ctiw hein, kyal represe~tstive~, wcceuon and ~a°gns of the p~rties hketo. ~
~ Md said Mut9syon,. for tl+emselves and their hein. Isyal represenutivd, succeuon and assiyr~s, hereby iointly and ~srenlly covenaro aod ~pree ~
to and wirh rh~ ud MORTGAGEE, in suttesso+s +nd auiyos: .
1. To +II ~rw! si lar the inci I and interest and the wrian and sund sums of mone ~
P+Y P? P+ ~Y Y P+Yable by virtw of ssid promissory note. ~~d this
monga9e, each and wery, promptlY on the dayt respcctivety the same sewrally becorn~ dw. ~
2. To pap ol u~d sirgulu tM taxes. ~ssesurwn», twies, liabilities, obliy~tions Md encumbrsnc~s of ~very natvn and kind now o~ saW d~wibd
property, w tMt heresh~r may b~ impw~d, wff~red, plaud. Iwied, a ~ueued thereon, a tl~at hereafier may b~ levied or uHSkd upon tl~is Map-
age, or th~ GwleWedn~ss saured her~by, each ~nd wery, when dw and p+yabl~, xtordinp to I~w, befor~ they becorn~ d~linqwnt, and befon a~y iMNest
a~raches or ~rry penalty Is incwred; AND INSOfAR AS ANY THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISFIED AND OISCHARGE~ OF
RfCORD AND THE ORIGINAL OFFICIAI DOCUMENT (SUCH AS, FOR INSiAMCE, THE TAX RECEIVT OR 1HE-SATISFACTION PAPER OFiICIAIIY ENDORSED
OR CERTIf1ED) SHALL SE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN ?EN DAYS NEXT AFTER PAYMENT; snd in the sve~+t tMt any TFwreof is not
pa~~+, sat'sfied snd dixharyed satd 1NORTGAGEE msy at any time pay tM s+me or any part th~reof without waivirp a~ffectirq a~ry option, lie~, puity a ;
~~ahf und~r or by vinue of this mwtp~ye and the full smovnt of esch ~nd every such psyment shall be irtwnediately d~e and psyable a~d shall bear inferest ;
j•om the dat~ tMreof ~~ti) p~id at r~te of nioe pe~ centvm per ~nnum and tope~he~ w~th suth inrerest shall be fecured by the lie~ of th:s maqtapt. ~