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HomeMy WebLinkAbout0495 . . . / r~ ~ ~~4140 4 THIS INDENTURE, Mad~ th~ ? 1 S t d.y ,r Apr il ~.p. 19 7 b~tw~+n ' . @S an . rpA•w RQ eS, g W . ~ of St. ~I1CiA Caunty Flwid~, Fur~inaftN dtsignat~d ~t tM "MORTGAGOR;' and fIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE, • oorporation orp~niud ~nd ~xatinp wsdN IM laws of tlw Untt~d Su~~s of Artwrfu and h~vlnp Ns princlpal pl~a of bwi+was h tM Gty of Fort Pi~rc~. St. lucA Couory. flwid~. Mr~iMfta d~sipnatd a tM "MQRT~I~CLEE.~ . WHEREAS tM MOitTGAGOR is iustFy iod~bt~d ro tM MORTGAGEE In tM wm of = ~ U~ ~~ood ~a~+d I~wful rna»y o( tM• Uoit.d Staqs ~dvanc~d by tM MORTGAGEE ~n1o th~ MORTGAGOR, ~s evidenced by a ctrl~in promiuofy o`b of even date Mr~with, of wtiich ths followinp i~ wada ~nd fipwq i~ • trw oopy, to-wit~ s_ ?0,1100 00 N, ~l-~3O103~i9 • Fat Pieas, flaid~. --~R~1 ?1 19.~.~ fw valvs received, 1, ws, o~ either of us, promise ro pay, w,i~•hout d~i~tcalion, to th~ wd~r of FIRST FEDERAI SAVINGSp AND IOAN /?SSOCIATION OF fORT PIERCE ~t forl Pierce, Florid~, the aum of s-_ ~ ~i~ a~ _ with interesl from date ~t th~ r~tt ol _sZ.al~-96 ptr a~nun?. t~ monthly insqllments ~s fdlows: i 1~1•~ on the lOth day of J~ 19 and •(ike wm on rhe corre~pa~dinp day of each ma~th there~fter until the whole be fully p~id. E+ch installment firit shall be applied in ~ymMt of the inre~e~t •nd tha+ on the unpaid balarx~ of tM pr~ncipal ium. If dtfault is made in the payme~t of any instaliment when due, and wch defauh continue~ 30 dayt, fhen ~t the op~an of tM holder, and without, any other notice, all the remai~irg installments shall be due and paYable at once. Privilege is ylv~n to prepay this note in whols a in p~rt ~t sny tirtr without penalty. Natha forbearaoce,t ucept~nce by the holder Me~eof aN~ any d~fault in anY payment hereon. shatl be doert~ed extenian. A late paYment chsrge of = 9• V-~ sMll be ssxsstd th~ 26th d~y of the month, if e reputar bwineu dsy, a. if not a~ulat busi~eas dav. +hen the next busirKis day, on e+ch ma+thly imraliment ~ot M»n hceived. Each maker, surety and endwse? hereof. jantly and uwrally, waive~ demsnd, prese~tment protest snd notioe of praest for nonpaymenl. snd further aprees to eny exteniron of time of p~yme~t, eithe~ befwe w afte~ matwity, without notice to s~y of us; snd to psy all co~b of colkctioo, including ~ rNSO~abk attorney's fee i~ the event of sny dafwlt hereundet, and hereby sevaatly w+ivp all benefit of homestcad ~nd exemption under the oonstitution and law~ of each State of tFs U~ited States. +s ap+inst this obligatan or any extension a ~e~ewal hereof. (SEAI) . • . • 1g~16S ($EAl) State documentary stamps in the amou~t af s ?~.60 - cs~?u sffixd fo tM moApap~ Htur~d Mr~by. • rgare g~ G S NDW, iHEREFORE, the MORTGAGOR for the purpose of secvriny payment of s~id s~m of ~nd tM p~tiwm~ncs of ths coven~~ts and ~Qrsements IIlfflMfllf expreued, u~d fw divers good and valwbls consideratiau, by tlwse preseMS. dws yrant, barysin, sell, rsmise, releas~, oonwy and confirm unM the MORiGAGEE, its successo?s snd assigns, all that ccrtain bt, pkte or pucel of land, situaM, tyirg, u?d being N ths ~ ?t . Luc ie and Sute of Florida, describ~d ~s fdbwr. est $9.7C °eet o`_' the E ~;t 93.7K feet of Lot Block 7, o° the Fi~:plat or PAL~S GAR^L"i~ 'U3DIJI"'I~ti a., per p3a ~ the reor on ~'i1Q i n P'lat Dook 1?, at °ake !t?, o° th~ public rec- or~~ or 5t. Lucie County, `.~orida ~ By agr3er.yent nf i~.ortgagor and ;~rtgagee en °ile with l~,o:-t~agee, the within mortgage sec•.u~es not only an exi:.ti:~g indebtedness, but also ADVA~tCES to be HEREA~'T_.:~ *~3dF b;~ ,'•fortgagee to Mortgagor the aggre- ' gate ~of which Will equal the principal 3r~oun, spe.cified in the pro- ~ missory no+,~ ~ecured herehy. ; . f ~ ~TATE FLCR?D!, ~ ~ ~ - . ! DO!~UMENTARY.~' SiAM~ Tl;~. ~ ~ t~ ~ ~E?T. vi itEVE"/UE~ i f O 111 PA~ ~ ' ~ = PB. - arK2~'77 '~x=c'~=' w 3 ~ 0 { R ~'C IKTAN618LF ~~s ~ 19~TM, ~ a i ie2 ~ ` ~1 70 CHAP~ER 71-134. l1C 9 ~ ROGER POItRAt CIERK CiRCUIl COURT. yT. ~uc~E e0. `t11~ rogctMr with all and sinyubr tF~e t~nements, hereditaments snd appur?arxes therevnro btlonpirg a in ~nywis~ ~ppat~inirq thsrNO. ~nd all r~nts, issua, proceeda and profiri acuuirg and to ~arue from said premiies, all of which are included in the ~bov~ and forpoinp dewiptio~ and hab~ndwn. TO HAVE AND T HO~D tM abov~ desuibed +nd y.~nted premi~es unto the ~sid MORTGAGEE, ib svcces~on and ~ssiyns for~ve?. Md tM s~id 4~.ORTGAGOR for lr heirs, ~:ecuton, sdminutraton u~d auigni, he~eby cov~nanb witl~ tF~e uid MORTGAGEE, it~ wa.hwrs ~rd aqipn~, rhat t~'le a re y I~wfully seized of ths tsid premiies in fee umple; that ths sams ~n free, d~ar and ~acharged fran ~II (i~ns and ~ brances in law w in equity, and that they will ~nd their hein shall war~ant ~rtd dtf~nd t1N titb b the s+me to the a+W titORTGAGEE, ita successors and auipns, fonver aQ~imt the lawful claims and demands of all peno~u; ~ k PROVIDED, ALWAYS that if ~h~ MORTGAGOR shall pay unto fhs AAORTGAGEE tta promiuory r+ote hereinbsfwe deavib~d ~nd ~II trvly, p~anptfy ~ and f~lly p~rform, diuMry~, ~xecute, compl~te, canply with •nd abide by exh and wery the stipulatiau, ~preements, conditian a~d ~nn of said ~ ~rom~swry not~ and of this .Mortyspe, then tlw Mortyay~ u~d the Estate her~by veated ~hall ceaw and null aod void. IT IS UNDERSTOOD fhat tM word "JKo?typor" whether in tiw ii~gular w plwal anywhert in this Mortyspe, shall b~ sinpula S on~ only and ~ shall be plural iointly snd ~eveally if mw~ than one, and tFiat the wad "th~'n" a~ used anywhere in this Mwtya~ ahall be taken to me~n "ha,•• •'hen,•• or "its:' wherever the cont~xt w implies or ~dmits. Also, that whereve~ there is ~ reference in the covenanb and ~yreemenri her~in co~t~inad to ~~r of t she partfes hereto, th~ sam~ ahall bs consnued to mesn a~ well as the heirs. Ipal reprssent~tives, succ~+wn and utipns (aither voluntary by aq of th~ a°~ partiea or invduntary by opention of the law) of the same and that the covensnn herein contained sh~ll bind and tM berwfib and advsntap~s inun ~~p ro tlu resp~ctiw heirs, Ipal r~presenf~tiws, s~cceswn and au°grn of the parties hereto. Md ~aid Mortya~on, for thems~lves a~d th~i? heirs. I~yal r~pre~enutives, wueuon a~d assi~r~, hereby jointly snd s~wrally cov~nt and sp~N iw ro and with tM said MORTGAGEE, in succeswts and suigm: `Ji 1. To pay •II and •topula? rM pr~nupal snd inta~st snd the v~rious ~nd sundry wrns of money paY~bk by virtue of said p~omuwry note, and N~b mortyape, ead~ and ewry, pomptly on tFw daps respsctively tFw ~ame s~wr~lly becon+~ dw. ~ 2 To pay all ~nd sirgula the ta:es, asseumena. Iwi~s, liabilities, obligstions and ena,mbanus of ~very n+tvr~ and kird now on said d~wibd P+op~rty, a that IfKNffN m~Y b~ imPwd, wffersd. P~+ad. I~ried, w~sHSUd ther~oq, or th~t IwsahN may be levi~d a~d upa~ thi~ Mortp~ age, a tiw lnd~bt~dness ~sevr~d hereby, tad~ ~nd werY, when dw and pay~ble. +ccwdinp ro I~w, b~fore thty becane ddlnquem, w+d befat ury intaal ~ artaches w ury penalty h incvr~ed; AND INSOfAR AS ANY THEREOf IS OF RKORO THE SAME SHALL 8E PROMPTIY SA~ISfIED ANp OISCFIARGfC OF ~ RECORD AN~ THE ORIGINAL OFfIC1Al OOCUMENT (SIKH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SAT!SFACTION PAPER OffIC1AlLY ENDORSED OR CERTIFIED) SHALL 6E PIACED IN iHE HANOS OF SAID MORTGAGEE WITHIN TEN OAYS NEXi AFiER PAYMENT; and in th~ ewnt rMt airyr tMr~of h nw pa~d, saY.sfi~d u~d discharped tatd MORTGAGEE m~y ~t any time p~y tM san+~ a a~y put thenof without waivirg or ~ffedinp any option, IiM, pvity or i •;Ght vnd~~ w by vi?tve of tF~is morryayt and the full ~mo~nt of e~ch ~nd wery wch payment shall b~ immedistely dve and payable ~nd ahall btu Fina~st ' <.om tFK datt ther~of vetil paid ~t r~t~ of nin~ per centum per an~wm and topethe~ with tuch interest ahatl be secured by the litn of th:s morqtpe. ~