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TMIS INDENTURE. Nl~d~ ih• 24th _ d.y of May a. A.O. 19"• betwNe?
Mark L. payis and Patzic~a A. Davis, hi~ wife
of ~'t. LuCi@ Co~nty florid~, htr~irnffv ~~dpnated ~s tM "MORTGAGOR," and fIRST iEDERAI SAVINGS ANp IOAN
ASSOCIATION OF FORT PIERCE. ~ corpo.a~~on apanized and ~,ciuinp undM ~Fw lav~n of tM U~~hd Sua~ of Am~rip and irvlnp jf~ p~inclpa) pl~t~ of
bvain~u in tM Gty o/ Fort Piaa, St. t~ci~ C.o~nfy, Flaida, Mr~InaftK de~iyn~t~d ~s ~M "MORiGAGEE:' i~ ' ~ ~ ,
WHEREAS tM MORTGAGOR is jv~tly ind~Wd lo Ih~ MORTGAGEE in tM sum oi s 32 ~ 4n0. poo~ ind t~wtvl monay of tM Uni~ed
Stat~t ~dvant~d by tM MORTGAGEE unto IM MORTGAGOR, as avidenced by • cer~ain promiuwy nota of even date her~with, of which tF~ foliowinp in
word~ and fipurq b• trw copy, towit:
s 32,400.00 ' 02-23011636
- F«+ P~rc.. i~o.~d.. Ma~_ 24 tv 77
For valw received, 1, we, o. e~ther ol u~, prom~~e to pay, without deialcation, to the orde~ o( FIRST fEDERAI SAVINGS AN~ IOAN ASSOCIATION
Gf FORT PIERCE a1 Fort Pierce. Flqida, Ihe ~wn of :-~2 • 4~ w;th intere~l from d~te •t the nte o( 8~ 75 56 per ~nnum, in
monthly inuallments as follows: 5---2~~-..QQ------ ~he lOth day of _ `Ju~ . 1977 and a like ~um on
rhe cwrespaxlinp d~y of exh month thereattcr u~tii tfie whoie kx (ully paid.
Each instal~ment fint shall ba applied in payment of the inte~est and then on the unpaid bal~nte of /he princip~) sum. li def~ull is made
~n the payment of any instaliment when due, and svch d~fault tw+~iouef 30 days, fhen a~ the option of tht hold~r, ~od without any other notice,
all the remainiry installmeMS shalt be due +nd payable at once. Privile9e if piv~n to prepay this no~e in whole a in part at a~?y tim~ withouf
pen~tty. Neither fabearu+c~. ~wr accepance by ~he holde~ thereof ~ft~r ~ny dtfault in •nY paymem F+ereon, ihatl b~ daemed ext~nsion. A Iste
payment charye of = 13.35 shatl be asa-sscd the 26th day of the rr.xssA, if a:syu!az 6usinrsa day, o~, if rot a regula~ buiineu day.
rhen the neat busirxsa day. o~ each monthly inst~llment not thtn nuiwd-
E~th maker, surNy and endwse~ hereof, joimly and severilly, wsives demand. p~esentment protest and notite of gro'est for nonpayment, ~nd
fu+ther ayrees to ~ny exte~sion of tims of pavment. either ~etwe or ~he~ mawrity, without norice to any of us; ~nd ro p+y all cosri of cdkction.
includin~ a re~sonable aUorney's fee in the event of any defau!r he+eunder, and hereby sever~lly waives •II benefit of homestead Md axemptio~ unde~
rhe constitution ard laws of each State of ~he Unirsd Si~~et. a~ainst this obligation w any extension o? renewal hereof.
S/ Mark L. Davis ~i~
State documentary ttamps in the amount «A~~
of s 48 . 60 S~ Patricia ' A, Da i c
affix~d to fIM mwtqay~ ~atur~d M~eby. (SEAI)
NOW, THEREFORE, tM MORTGAGOR fw the purpose of ~ecvriny p~ym~nt of N~d ~wn of s 32 • 4~~ ~nd tF~ pKform~nc~ of th~
coven~nb and ayreements hereinsiter expressed, and for divers yood and valwbM considerations, by fhew p~es~nb, dw~ yrant, b~rpain, t~ll, remis~,
role~se, convty and tonf'um unro tht MORTGAGEE, ~n ivcccisors and sati~nt, •11 tMt uruin lot, piece or pucel of land, sitwte, lyinp, and b~inp in 1Fr
County d St • Lucie ~nd Stat~ of Florida, dsscribed a~ follows:
Lot 10 of PAS~ YARK, A Subdivision according to the plat thereof recorded in
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Plat Book 10, at page 61,of the public records of St. Lucfe County, Rlorida.
By agreement of Mortgagor and Mortgagee on file with Mortgagee,
the within mortgage secures not only an existing indebtedness,
but also ADVANCBS to be HBRBAFTBR made by rtortgaaee to Mortgagor
the aggregate of which ~ill equal theprincipal amount specified
in the promissory note secured hereby.
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~ .~e;h:s wish s!! sr~ s'usQulss tht ~enemenb, hered~tamcnb a~d appurt~nces thereumo bt{onyirg or in anywiw ~ppertaktinp tMreto, u~d ~U rtn», issws.
~ p,occeds and proiin xvvirg ~nd ro xcrue from ~aid premises, all of whid~ +re induded in the ~bove and farparp d~scription and habendwn.
TO HAVE AND~p HOLD 1M above dewibed snd yra~ted pem'~ses unto th~ said MORTGAGEE, i» sucusson and ~ssipns for~w?. And tht ~ald
+:.ORTGA~pR for thelr execufon, adm;nistratws and auigns, he~eby coven~nts with the said MORTGAGEE, k~ suaeswrs and ~ssiprr,
t-h-e-~7--a-re law(ull seized of the faid ~
,~ar - Y premises in f~e simplt; that the sams ~re fr~e, ck~r ~rd d'acMrped from ~II lkro ~nd encum- f
~rancei in Iwv or in equity, and that they will end thea.r hein shall w+rram and d~f~nd th~ titl~ to the sarn~ to tM wid
V,ORTGAGEE, ib svcccssors snd auipns, fwewr painst the lawful claims and damar~ds of al) persaro;
PROVIDED, ALWAYS th~t if 1Fw MORTGAGOR shsll pay ~nto 1he l:t3RTGAGfE ihe pra'niua.y nosa F.a:o:.~afcn t:~ and ah~ll truly. promptly
~ ~nd fully perform, difdur9e, execut~, tompltte, comply witF~ a~d abide by each ~nd every tht stipulations, ayreeme~ri, conditioM a~d oova~nis of s~id
~ ;:rom~iiory not~ and of tha Mortp~ye, tMen thii MatyaQe snd the Estate her~by aeated ~hsll cs~s~ and b~ null ~nd wid. ~
!T IS UNDfRSTOQD thss tho wasd "A~liwtQapas" whethe? in the sirgular w plwal anywhete in thi~ Mortpape, ~11 b~ sirgul~r if on~ only a~d '
~ sha!! be Ivrd mtl and ~ver~~ if more th~n one, and tMt the word "their" used an ys~e sh~ll b~ take~ to mean ••his•• •'Mrs;• ~L `
P lo' Y ~Y ywhere i~ this Mon
c~ "iri,•• NrF~~ver the context ~o implies or ~dmits. Alw, tMt wF?erevd there is a r~ference irf the covenann end apreemenn hetein contained to ~rty of ~~b i
~ tne parti~s h~reto, the tamt ihall bs cw?strued to m~an u well ~s the hein, ky~l rtprtsentativq, s~?uessors and ~aipro (eiths~ voluntuy by ~ct of tM x~ {
~ per~~es w involuntary by operation of tM taw) of the sam~ and thst rhs covena~n he.ein conuin.d shall bind aed ih. b.n.fin and .dwnrap.s inur. ~
ro the resp~ctiw M'vs, Ipal repr~sent~tives, waeswrs ~nd ~ss~yns of tiw p+rt~es he~sto.
Md taid AAort9a9w~, fw Ihemss{va ~nd 1F+~b M'af, i~y~l ~~pttsenulirq, wcuuon ~nd ~uiym, hereby ja~tly and Nv~rally cov~unt ud pr~t
~o and with the seid A~4URTGl?GEE, itt }+xs~xrs ~ es~m;
1. To pay ~11 ~nd sinpular th~ principal and iMe~est and tM variow ~nd t~ndry wms of ma~eY paYable by virtw of isid promiuay not~, a~d this
mortgage. ~ach ~nd ~v~ry, prompt{y on tM d~ys ~~spedivdy ths sam~ sev~rally becortM dw. •
2. To pay dl and sN~pvlr tM ta:es, aw.ssms~». I~vies, Iiabilities, obliy+tiom ~nd tntumbrances of tvery n+tur~ +nd k(nd naw on s+id daa~d
~;roaerty. a tMt MreahK may be impw~d, sufferd, placed, kvisd, o~ aueued thereon, or that hereafter may b~ Iw~sd w aase~ssd upon this IKorq~
age, w t?w ind~bqdness sawr~d hK~by. ~ae+~ and ~very, when dw ~nd payabk. ~ccordinp to law, b~fon they becorne d~linquent, and b~fa~ ~ny intw~s~
a~iachcs a a~y penalty a incurred; AND INaOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAII SE PROMpTIY SATISflED !1_ND DISCHARGED OF
RECORU AND THE ORIGINAt OFFICIAt DOCWNENT (SUCN AS, FOR INSIANCE, THE TAX RECEIPT OR THE SATISfACTION PAPER OffltlAllY ENOORSEO
Ok CERTIFIED) SFiAII bE PUCEO IN THE HANDS ~f SAID :S~RTGAGEE IA:iTli{!. TEti DAYS tJF%T AFTFR PAYMENT; a~d in tM ~wnt that ~ny tF~eof is not
_ pa:d, sa~~tfied a~d discFwyed ~aid MORTGAGEE m~y st any time pay t1u sam~ w a~y pan thereof witFa~t w~ivirq a~tfetlinp ~e?y option, li~n, tquiry or
~~qhf und~? a by virtw of this mw~9aye ~nd the full amount of e+ch and ~very such paymeM ihall be immcdistety dw and payabl~ and ~II bta~ intMe~t
f~om the date therw( until paid st rate of nine per cenlum per •nnum end top~~her w~th iuch interest shall be secured by the lien of th:t mapla~e.
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