HomeMy WebLinkAbout0975 L'
~ 3~6492
- THIS INDENTURE, lNad~ th~ 16~ day of . A.D. 19~ betwesn
AAR~S 00l~iST~CTI01~ CORPORIlTIOI~i: A Florida Corporatioa _
of ~1Cie , CouMy ilwid~, F~tinaftM de~ipn+~ad as fhe "MORTGAGOR,' and FIRST fE~ERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PtERGE. ~ cwpaatan ap~ni:~d ~nd sxiitinp unda tM laws of ~M Un~t~d S~~e~s of Am~riu and havlnp h~ pti~cipal pl~t~ of
bu~in~w tn tM Clty of Pwt Pi~ra, Sf. lvci~ County, Flaida. Mninaft~r d~~ipnaad a tM "MORT GEE."
WHEREAS tM MORTGAGOR b ~ustly ind~bt~d to ths MORTGAGEE in th~ ium o( = 13~~~' ~ ~ood and lawful money of th~ U~ited
Sutn ~dwnced by tM MORTGAGEE umo th~ MORTGAGOR. •vidsnced by • cer~~in prom;»wy no~e of aven da~e harew+th, of wh;ch tM (olbwiny in
word~ ~nd fipwN b• t~w copY, to-wit:
z 13,lt4~.00 No d1-230r11lt20
Fort Pi~rce, Flwida, +~9T 16 19..11_
Fw value r~caved, 1, we, w e~ti~er of us, p~omiu ~o ~y~ without defalcation, to the orde? of fIRST FEOERAI SAVINGS AND IOAN ASSOCIATION
Of FORT PIERCE at Fat Pierce, Florida, the sum of S 13~"~•~ w;rh intsreit from d+te at the rate o} q~ 9G pe~ +nnum, in
montMy installments as (ollowi: f- on tM lOth day of ~er 19_11- u~d a lik~ wm oe?
rhe carespond~ng day of each month ~hereafta unt~l 1he whok be fully paid. -
Each installment firtt shall be applied i~ payment of the inrerest and tl+en on the unp~id balante o( the principal sum. If deiault is mad~
~n the payment of ~ny instaltment when due, and such default continue~ 30 days, then N ths option of ths holder, ~nd withoul any olher notic~.
all the remaining installmentt shsll be due and payable at o~ce. P~ivilege ii yiven to prep~y this note in whole w in part at any time without
penalty. Nather fabe~rans,e,4n9r accepunce by the holder thereof ~N~r ~ny d~fault in any payment herew?, shall be deamed eatens~on. A late
~
payment chatqe of = S~V~ shsll be assessed the 26th day of the month, if a regulsr buiiness day, w. if nor ~ reyulx builnes~ day,
then the oexf busineu day, on e+ch monthly in~ta~iment not t1+tn nteiwd.
Each mske~, surety and endwx? hereof, jointly a~+d uverolly, waive~ demand, pre?entment protett and nWios of protest tor nonpayment, and
furthe~ sg~eea to any extension of time of payment, eithe~ befae or aha maturity, without notice ~o any of ~s; and to pay all cosn of colkction,
inciudi~?g a reasonable sttorney't fea in the event of a~y default hcreunder, and hereby sever~lly waivet atl benefit of homestead ~nd exemptio~ unde~
rhe constitution and laws of tath Sute oi the Un;ted States, ss ayeinat this obligation or any extension or reoewal he~eof.
Corporate Setl Jlt!`is~d ~ CORPOR~?IOR
By: ~/~se~ J. garrig~ Preaident ~nu
State docvm~ntary stamps in the amounf Atrti93ti ~~'g~7
ir ~S-1~'i 9~ S~l~Ht.al9 (SEAI)
of = 20~10 aro - (SEAI) ~
sffix~d to tM rtwrtpay~ tKU?~d h~rtby.
MOW, THEREfORE, ths MORTGAGOR fw the purpose of wcurinp payment of Nid wm of : 13s~~•~ . u+d tM pNform+nc~ of tM
cov~e?~nts and a~reema+ts herein~fter ~xpressed, and for divers 9ood and valwblt coroider+tam, by tl+ese presants, does 9rant, buy+in, sell, ramwe,
relcas~, oonvhr and confirm unro tM MORTGAGEE, its iuaeaon and auipna, dl tMt certain bt, pi~a or parc~l of lu~d, situ~t~, Irinp, and b~inp in the
C~~y ~ $t• and State of Fbrid+, d~scribd as followr.
A part of t6e Horth 82 feet of the $aat ~ of I,ot 7, Blcck 3s ~~s~'S 30BDIY~3ION as
recorded in P1at Book 4, p~a6~e 37, St. I~ucie Connt~, Florida, Being aare particnlarl~
described as lallows z • -
Begin at t2~a Na~theast carner o! aaid I,ot ~ Sartii 37.0 feet, thance rim T~iesterlT
11t7.25 teet to a point os~ the ii~est line of tM Ea~t ~ of aaid Lot 7, aaid poiat being
50.2 feet Saqth oP the North line o! said Irot 7, thence rma North 50.2 fest, thence
rtm East 1L~7. ~ feet to t~e point of beginning
SIIBJSCT TO that certain Decla~ation of Part~ FaciliLies dated l~[aay 17 ,
1977, racorded in 0. R. Book page of the Pnblic Records of
St. Incis CountT, Florida. ~
j By agree~aent of Pbrtgagor and Iiortgagee an file xfth Mortgagee, the vi~hin aortgage -
E secures not only an e~dsting iadebtech~ess, bnt also AmIA1~iC8S to be ~RBAP?BR sade
' by Nortgagee to I~rtgagor the aggregate of ~hich Will equal the principal amount
~ specified in ttre pramissory nate secnred hereby. '
;
~ - -
~j"~~?'~ F L_ ~ : __i ~ • IN PAYMEIIT OF T11XES
~ " ~~j!_,JiV',EIV?ARY:< ST~+~'~1P.t~. , i . RECEIYED +w T } ~ ~ ~
` L ~ DiIE ON CLaS 'C' Ik.A.IG16lE . E L°0 ER(Y,
r_-` :~Ei'~ uF i~EY~hUf ;=r f;~ i pUR$UA1i1 i0 Cii.la:t~ 7i.1'.1. AC~i Uf 19/1• :
i"-~-- tret e'J7 k O G E R P
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i O` 1 COURT, SL WI:IE~
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~ogether with sll uid sinpulu tM t~nem~nts. hereditamenb and ~ppurtances the?wnro b~lagirg or ie ~nywise ~pp~rt~ininp th~reto. ~nd all rents, issws.
p.oceeds and profits ~acvuiny snd to acuw from ssid premises, all of whid~ ~re indvded in the ~bove and fwpoinp daxription and h~bend~rm.
TO HAVE AND TO HOLD the abow described ~nd yranted premises unto ths s+id MORTGAGEE, in successors ~nd aaipiu for~vM. Md th~ wfd
MORTCAGOR fw it'8 he;n, executon, adminis~ratus and auipn~, hereby cov~nsnb with the uid MORTGAGEE, its waeuws and ~ssipn~,
rhat it ~ lawfully seized of the said premiset in iee simple: th~t th~ same ue frN, clesr and disch~r~ed from all liens ~nd ~nt~m-
~ brances in law w in eq~iry, ud that it will and i~ hrin sMll warrant end d~fend the tkl~ to tM ~am~ to tM satd
MORTGAGEE, its successors ~nd ~ugm, fuewr ~ysinst the lawful cl~ims and demands of dl persoro;
pay unto the MCRTGAGEE the promiuwy rate her~inbefor~ describsd ~ad ahall truly, promptly
~ PROVIDE~, ALWAYS th~t if the MORTGAGOR sMll
~ a~d fully perform, discM~ye, exacute, complete, comply with ~nd ~b~de by each and every tFN stipulatiaa, apreaments, conditian and oovenanb of said
promi?sOry nott and of this A6ortqape, then this Mortyyt and the Eatste hereby ve~ted ~hall uase ~nd b~ rwll and void.
~ IT IS UNDERSTOOD that tFw wwd "Mwtyspw" whether in the si~yubr w plwal anywhsre In this Mortpap~. ~hall b~ sinpulu if o~e only ~nd c=
shali be plural jointly and Nverdly if more than one, snd thst the wwd "their" as ~sed anywwhen in this Mwtyags shall be t~ken to m~~n "his,'• •'Mn;• ~x%
or "iti;' wi~aver the coMext w implies u admits. Atso, that wherever there is a reference in the covenartri a~d apreerne~b herei~ comained to any of ~
~ rhe parties hereto, the werw shall be corutrued to msan as well as the hein, byal repnsentatives, successors ~nd assgra (eitMr volvntary by ~ct of the ~ :
~ parties or invol~ntuy by operation of th~ law) of the s~ and that the cov~nsnts herein contained slull bind ~nd the benefib and ~dvant~Qa inw~ ~
to the rapectiw h~in, Ipal represenqtivd, succeswn and asi'yns of the parties hereto. ~ ~
~ Md said Nlortyayws, fo~ themstlvq and their heirs. Isysl representativ~s, succttwrs and aaipns, hsreby jointly and stver~lly cov~nanf ~nd apr~t ~ ;
~o and with the said NWRIGAGEE, in tuccessors ~nd ~ugns: n
1. To all ud lar the ~nci I u+d interest and the wrian ~nd sv svTS of ~
P+Y P~ P+ ^d?Y ~Y wr•~ bY vinw of said promitsory note, •nd this
mortgsQe, ~~th and wKy, promptly on th~ d~ys respetlively the ume sev~rally becane dw.
_ 2. To p~y all sed sinpvlar tM t~:es, asseumenn. Iwies, liabilities. ~bliyatiaa s~d ~ncumbrances of w~ry narirr~ ~nd kind now on ~aid drsuib~d
Property, a tF~t he~e~fier may be impwd, svffaed, plat~d. Iwied, w as~ased therwn, a tMt he~eaN~r may M kvi~d a~s~ud upon thb Mortp- ~
sge, w tM fnd~bNdness sscured ha~by, sad~ and wery, when dw and payabl~, accordinp to Iwv, b~ion they becant d~linqvent, and beia~ any 6+1K~st
a~tachet or ~Mr pen~lty is i~curred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SNALL dE PROMPiIY SAi1SFIED AND DISCHARGE~ OF
RECORD AND THE ORIGINAt OFfIC1Al OOCUMENT ISUCH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SATISPACTION PAPER OFfICIALIY ENDORSEO
OR CERTIfIED) SHAII 6E PUCED IN 7HE MANDS Of SAI~ MORTGAGEE WITHiN TEN DAYS NEXT AF?ER PAYMENI; and in the ~wnt that any tFwr~of b no1
paid, s~CSfied ~nd discharped u~d MORTGAGEE m~y ~t any tim~ pay tM same a a~y part thereof withovl waivinp w affectirg ~ey optan, li~n, puity a
•~aht v~da a by virtw of this mort9ape ~nd the full amovnt of each ~~d ~very wch p~yment shall be imm~diately dw and payabk ~nd shall b~ar int~rnt
~•om the dat~ thereof until paid ~f rate oi nine per tentum per annum and toqethe~ w~th such interest ihall b~ secured by the li~n of th:s morptapa