HomeMy WebLinkAbout0740 . .
3~4.311 . `~p•
+t~ i
~ ~ ` ~„V .l
~HIS INOENTURE. IN~ ~r» ='-n'~ - d.r o~ _.~~~ril i?~. ~4_~~ c.n~.«,
Jay ~1. `~~mplc~_•in~l Fr~n~~ • R. ^~m lA, hi!~ wi~~_~~:_____
of - ~a, LjlC~iSi' , Co~nty Florid~, 1»?~in~tt~r d~~ip~ut~d tM "MORT(~AOOR." ~nd i1R51 fEOERAI SAVINGS AND IOAN
IISSOCIA110N Oi FORT ?IERCE. ~ co~pot~twn orQ~ait~d a~d ~aistinp w+d« tM lav» o/ t!w Un'rt~d S~~h~ of AmNic~ ud Mvinp i» pincip~l pl~ of
bw+n~ b rh~ Citp oI fort Piac~. S~. luc1~ Cou~+b. ilo.id~. h«~in~it~. d~~ipn~ad H» "AAORIOA EE." a
NtFiEREAS IM MORTGAGOR is jwtly ind~btd M tM MORTGAGEE 1n tM ~um of i ~ k-1---~ pood ~~+d ~~wful ma»y ol tM Un~1~d
SNt~s ~dv~nc~d by tM MORIGAGEE unto tM MORtGAGOR, ~s w~nced by a cw~~+n promnw~y no~~ o{ er~o d~t~ Mnwith, of wh~ch ~M idlowinp ln
wad~ ~nd fipwN i~ • nw oopY. ?o-wit,
?K boo e~, N, ol-??0103^~ _ _
s ' - - - H il ~7
fa1 Pi~rc~, il«~d~. ------p~ ~ . 19_'--
fa wtw rece~ved, 1, w~, o. ather ol o~, proo.~~e ro w~thov~ del~lc~~wn, to tM o.da o( FIRST FEDERAI SAVINGS ANO IOI~N ASSOCU~110N
? ~'~'cscs n~~
OF FORT PIERCE a~ Fa~ P~src~. flor~de. tM suM oi i-. - _-1.----= - w~~h iotare~? trom da~~ the ~at~ ol X Per annwn. in
montfiiy i~~r~ilrnen~~ lotlow~: S. -~07•QQ on the IO~h day ol ._.___A~1~11?~-- • 19 and ~ lik~ ~um on
rh~ cw~~spondinp d~y of fKI1 Tp~fM ehsre~ftM until tM whol~ b~ fuily paid.
E~ iroql~msnl f'au ~MII be ~pphed in p~ymem of ~he ~Fi#Zre~1 •r+d th~n on tM unpud bala~ct of tht principal tum If detauU d m~de
ms
~n tM p~Y~^t of ~ny lnat~l~menl whan due. •nd s~,c1+ def~~l~ continue~ 30 d~ys. ~hen a~ rM op~~on ol rM hotd~r, and w~~hcw~ ~ny ot}~ nw:u.
ell tlw r~mai~in9 in~rallmenlt fh~ll ba due a~~d payable at o~c~. Pr:vitp~ is piv~n 1o p~epay thif note in wtw~s a in part at ~ny 1iiM without
pen~lty. N~irMr fwbear~~ce. .wr ~ccepr~nc~ by tFv hold~r ~h~r~oi af~a ~ny d~f~ul~ i~ •ny paynxnr I,erson, sh~tl 1» de~rr~ed eatN+a~on. A I~t~
permen~ charp~ oi 3-~~~~R~----_ sh~N be +~ussaKi ~Fr 26~h d~y of tM mon~h, ~t a re9ult~ butines~ d~y, or. if nd a r~Qular busineu d~y.
rhen tht n~a~ bu~~ness d~y. w? e~cl~ mo~~hly ~nu~ICrMns rw~ tM~ e~t~w~d.
E~ch maker, wrery snd ertdw~ 1+treof, jointVy ~nd saw~ally. w+ives dsm+nd, preuntment profcf? and norice ol praesl for nonp~Ymen1, and
furrh~r ayre~s ~o any earenaion of ~~rrM of paym~nf, enMr befas w aha m•tur~ry. w~rhout nor~c~ eo eny of w: and fo p~y aU cwts of cdlecf:on.
includ~n~ ~ r~awn~bt~ anon»y't 1e~ in the event of any d*taul~ F+e~eunder, and hereby sev~r~lly waivet atl b~nefit of Fwmeste~d and eaanption unde?
rhe oonsrirution and Iaws of sach St~» of +M Unir~d S~ara~, ~s p~~nu ~hi~ oblpar~on or ~ny e:fansion a t~newal Mr~pE.
- (SEAU
S~~t~ documen3
yy y=imps in ~he amouo~ i~ S~IDn~ ~ tSEAU
~i . ! V (SEAL)
of =
~sfi,ced ro Me mort~p~ s~cur~d Mr~by. ~~rnn~p ~ R' ~
a__ mrl
a (SEAU
NpW. THEREFOltE. ~M MORTGAGOR for tM purpo+e of ~ccvrinp paYme~t of a~~d sum ot i 6~ . Q~ N+d 1M p~rfam+nu of tiw
cov~nts ~nd aprNmenq htrsinaftN tapresud. ~nd fa d~ve~s Qood a~d v~luabM consid~r~tions, by tMN p~estnri. do~~ prsnt. bar~~in, NII, r~mise,
rele~s~. conwy ~+d toofum ur+to tM M~OR~6AGEE, its ~ucceswrs ~nd ~ai9m, a1i ~fiat .certain toi, p'~eu u puu{ of land. ~Itwt~. IYinp. ~nd b~inp in tM
cow,ly of "t . Luc iF' .ed St.~. ot Ff«id.. d.wibsa fo+tow.:
?,oL C, Block !i1, L'lDI.4: :tl~'l~:R ~'STn':?`', LT?iZT 3ccor~fnp to th~ pZ~L thc~~:° on °iI~ in
:13t nook 10, pa~e publf~ rAc~rdR nf St. L•icip rn~2~ty~ ~'l~rid~.~
By agreement of !~lor±~a~-o~ a::d ~:ort~a~e~ on °ile n~Lh N'~rt~aeAP,
the ;rithin r.ior~gage secures not, only an er.isting ir.debtp~?n~ss,
; 3~yo bu~ also ~DVA.tiCES to be i:'.:~~A~T~R m~r3e b,Y ?~.orLg~gee Lo ~+b~-t~a-
E Po: ±~:e 1~*Pr~g~t~ ~..fiich ail~ e~u~l th~ princip~l ~mount SYn_
` C3`'i_'~ jT1 promi~^ory notp ^ecu:~:d rerebv.
I
I
~ ~
~
~ RECEIYEO ~ IN PAYIAFlR r~ :.axES '
~ ~ ~ ~ --:~--i }
[ ` J ~ ~ , Dfl: ON CU1SS'C' INTAN616LE PERSONAL F _~t1Y,
ST~ PURScIAM( TO CFIAP?ER 71-13~. ACTS OF l.~i.
, -z Dr)CUMEN?AR'!;-~` STl~Mi'____'~•_' AOGEA POITRAS
. ( ~
c-• cO :?s:t ~~~H~~'C~.:1E `j'~'.,;;~ ` CLERI( GpqIIT OOURi. ST. WCIE FLA -
v - a"rr17'Ti `-~.„ar!?'~;.° ~ 8. ~ ~ ~
r:
E ~ - P~ - ~ ~ ~ 1
.n = irt_,~ '-~ir
I ~
k
~
~
i
~ _
~ r~gerMr with aIl ~nd sinpvl~r tl» t~na+?~nb. F+e«dit~rr»nis ~nd +ppurlances fhetwnto b~lonpinp w in s~ywis~ ~ppMt~ininq tMrNO, and ~II r~nb, i~swa,
y•x~~ ~nd profits accruinq and to ~cuw f~om uid pr~misss. aU of wh3d? u~ incl~d in th~ abov~ ~nd fa~poinp dtxription ~nd h~bend~+m.
E TO HAVE AND TO HOID tM abov~ desuibed •nd q.amed premis~s.uMO rF» ~aid MQRTGAGEE. it~ wccessors ~nd ~ssipns fw~wr. Md tfi~ r+~d
j tJORTGAGOR ~w hein. ~Yecutw~, adminiu?a~ors snd •~siyra, hereby cov~n+nn wi~h the said MORTGAGEE, its waa~wa and asaipn, gQ
f ~.,~r ~n- liwfully s~~:~d o1 tM Nid p«m;ws in i~e simpl~: tMl tFw sarr?~ us frM. cltu and discMrped (ran all liKa w+d ~ncum- ~
~ ~~a~cei in Iwv w in equity. and that they will u+d thpi T Mein ahall warr~nt ~nd def~nd tFw titl~ fo th~ s~rtw to th~ taid N
40RTGAGEE. its a,cussors ~nd ~ssiqm. ~arwr ~p+im~ ffi~ lawfuf d~im~ ~nd dem~r?d~ of all persoroj ~
' PROYIDED, A1WAY5 IM? i~ ~ht MORiGAGOR sMll p~y unro tM NIORTGAGfE 1M promiswry not~ twe~nbtfw~ describ~d ~nd ~Aail huly, promptly
z~ d f~tly ppfam, d~scMrp~, ~xecut~, compl~t~, compiy wi~h and abide bp ~~ch ~nd way the ~iipul~tions, p?eemen», conditiau ~nd cowrw~ri of pid ~
;.rom~ssoty nOtt snd of tfia Allwfpaps. thsn ~hu Mwty~ and th~ Ea~~~ he~eby veat~d ihdl uas~ aod null u+d void.
IT IS UN~ERSi000 tMt fM word "Mwtyqor' wfie+fNr in ~M sinput~~ a plw~i a~ywhs~~ in this Morfppe. ~hall b~ sinpvi~r if on~ only ud
,ha~! b~ plwd joiMly and sevNdly if mw~ I?un on~, ~nd N~st the wad "iFw~r" a~ us~d snywhe~~ in this Mat9p~ ~hall M t~k~n to m~an "ha:' "hsn;' ~ .
;r "St~ " whKwer the tontexl w impli~s a ad~n~tf. Alw, that wher~w~ the~~ if • r~f~rcnc~ in 1M cov.nanr• •nd .y..em~nn Mre~n com•in.d 10 ~ny of '1,
rne panie~ ha~% tM ~arrN sMll be construed to m~~n ~s well p the hei~s. Ip~f r~prsae~tativ~s. sucussors ~nd ~ssipro (~NhN volumuy by act of tM
~s,rK~ w kwolunury by opM~tion oi tM law) of th~ ~r?w ~nd th~t ~M covu?~nn Mrein contairnd aMll bind .nd eh~ b.n.fin .nd .dr.nrp.s inur.
ro rM r~sp~ctiw Min. lpal r~esent~tives, wcc~sson ~nd ~s~'yro of th~ pan~s fier~ro.
Md ~aid Morf9aqa~, fa rMm~tlre~ w+d tMa h~in. Ip~! ~~~ae~ativ~s, succ~s~as a+d ~uipro, hrrsby jointly ~~d ~ewrdly ewe~ant a~d prK
?o ~nd with tM Nid 1NORTGAGEE, its wcttswts ud ~s~pro:
, 1. To par all and ~inpula Nw p.~ncip+l ar+d int~req and th~ w.ious ~nd ~und~y swn~ of mwwy p~yaW~ by virtw of said p~om7swry ~oh. ~nd N?ia
~*o.tya~, wch Md wKr. WanPtly on tM days rasp~ctiv~ly fh~ sarrw ssw~allY Mcar» dw.
! 2. To p~y ~U ~nd ~irq~rla tM axea, ~awsin»nts, Iw»s. li~li~ias, obiiq~tian and ~~cumb.~.?c~a of rwry n+?w~ ~nd k'vK! now on said d~wib~d
v~ownY, a thn IwreahN m~y b~ in~pw~d, wffa~d. P~+ad, iwi~d, a awswd tMr~on. a tha~ he.~~ftN ~r?~y t» lev?~d or ~swawd upon thi~ Maq-
:q•, o. ~h~ fnd~b~dn~a s~axd Mr~by. ~~d+ snd wNy, wMn dw ~nd pay~b4. acca.dinp ~o law, b~fw~ thsy b~can~ dNirqwm. ~nd b~fw~ ~ny MnN~u
a+t~ches o/ ~ny ptn~lry i~ incuned; ANO INSOFAR AS ANY THEREOf IS Of RKOR~ THE SMAE SMAII aE iROMPTIY SATISFIED ANO DISCNARGfD Oi
aftORD ANO THf ORIGINAI OiFICiAt DOCUJNENT (SIJCH AS. FOR INSTANCE. TME T/tX RECEIPT OR THE SATISFACTION VAPER OffIC1AlLY ENDORSED
OR CERTIf1EC) SMAII dE PtACED IN iHE HANOS Of SA~~ MORiGAGEE WIiHIN 1EN RAYS NEXT AfTER VAYAAENT; u~d in tht ~vMt ~t ~ny th~r~oi i~ aw
~s~d. ~ar ~fi~d and di~ch~rp~d ~a:d MORTGAGEE mav ~t u?y t~ p~y rhe o~ ~ny pKt ~he~eof w~tFwv~ w~ivinp or ~ff~ctinp ~ny option, lip~, puity a
.,~hi und~r w bp vinw of thit mor~qp~ ~nd ~M fu4f amoum ol each and ~v~ry ~uch p~yrn~nt ~h~ll be immed~~~~ly dut •nd payabb ~~d ~Mlt bNr intatH
~~c~+ rFw dN~ tFwto~ ~rntil pa~d n rue of n;n~ p~r cent~m pee ~nnvm ~nd ~oqe+Mr w:rh ~uch ~n~s~est ~hall b~ secwed by H+e lien o~ th:~ moryup~.
_
~ _ _
- ~"~r::s~-~-,zr'~