HomeMy WebLinkAbout0217 OORRBC?IVB MOR?GAGB v
THIS INOENTURE, lN~d~ th~ ~8th day oi ~n~ _ A.D. 19~ bHwsM
aaQS C. Hu hQS and Joy A. Hughes, s w ~ _
of St . L11C f ~a,~ty Fla~da, her~ina(tK designa~sd as ~h~ "MORTGAGOR," ~ncl FIRST FEDERAt SAVINGS ANO IOAN
ASSOCIATION OF FORT PIERCE, • torpor~lio~ wy~ni:ed a~d exitti~ undN fM I~vw o1 tM Unit~d St~t~f of Am~~ic~ ~nd Mvinp in princip~l plac~ oi
bu~ie»ss in tM City of Fwt Pierc~. St. luci~ County, Florida, her~ina(tn des~pnatsd tM "MORiGAGEE."
V1fHEREAS tM MORTGAGOR is ju~Uy ir~bttd /o Ih~ MORiGAGEE in the sum of 5---12.~ 4~ yood and lawtul money of tht Un~ted
St~t~t ~dvanced by IIN MORTGAGEE unto tM MORTGAGOR, es tvidanced by • cerum promi~iwy note of eve~ date hrrewith, of wh~ch tM followinp in
wwd~ ~nd ip~ry i~ •?rw copY, to-wil:
s 22, 400.00 _ ~ 02- 23013541
Fort Pierce. Flaida. ~-___._~ung Z8 _ 19-.LL
for valua recaved. 1. we, o~ e~ther ol us, prom~ie to pay, wiihout defalc~~~on, to the ordar o! FIRST FE~ERAL SNVINGS AND IOAN ASSOGIATION
OF FORT PIERCE al fat Pierce, Flwida, the ~um of s- _-~e~es-~ with iNereft from dste ~t ihe r~te ol __~~Yo per annum, in
198 00 Au ust 77
monthly instaltmeros as follows: t. _ ! on ~he ldth day ot Q._-_--. 19 aod + lik~ sum on
rhe correfponding day of each mon~h thereafter un!il Ihe v.•hole be fully pa~d.
Each installment iirst shall be applicd in pay~nent o/ the inte~est and then on the unpaid balance of the principat ~um. , If defaull ii made
~n the payment of any instalimmt when d~e, and such default cont~nues 30 days, then at the op~ion of the ho~der, and without any other notice,
all ths rem~ining installme~ts ihall be due and payabte at a~ce. Privilege i~ piven to prepay this note in whole w in put at eny tim~ without
penalry. Neither fwbe~~ante, na acceptance by ~he holde~ thereo( aff~+ ~ny d~fault in sny payment he~eo~, shatl lx deemed eatens~or+. A late
payment cfia?ge of : 9• 9O shall be assessed the 26fh d~y of thc mon~h, i( a regular b~sineu day, or, if not • regular businesf day,
rhen the next bus~neu day, on each monthly insraliment not tMn rocaived.
Each maker, surety and Md0lSN hereof, joi~~tfy and uverally,~ waives dMn+nd, preser~tment p~arest and notice of p~o~rat fw nonpayment, ~nd
furthe~ sgrees to any extension of lime of payment, eilher befo~e or after malurity, without notite to any of us; ~nd to pay all costs of colkctian,
inctuding a rssso~abk anwney's fee in the event of any defauif he~eunder, and hereby severally waivef all benefit of homestead and exemption under
tne rnnstiturio~ ar.d lawa of esch State o1 the United Srates: as sgsinst this obl~gation or any ext~nsio~ w renewal heieof.
.Sj~_~ASe= C. Hughe~ (SEAI)
S~ate documentary stamps in ~he amount , (SEAI)
~ .70V A. Htl~l@S (SEAU
of ~ are
affiaed ro the mortyay~ _t~cur~d Mreby. (SEAU
NOW, THEREfORE, ths MORTGAGOR fw the purposs of secvrirq p~yment of s~id ium of s 22 ~~0 . ~nd th~ pe~formanu of the
covenants and agreementi he~einatte~ expreued. and fw d~ven good ~nd vslwble consider~tior?s, by t~aw prtssnn, do~s 9~~nt, baryai~, sell, rem~se,
~eless~, conwy +nd confirm unto the MORiGAGEF, its successws and asaigni, sIl th+t certain bt, piec~ or partel of land, situat~, lyiny, a~d be'ug In tha
County of $t • LuCi@ and State of Flwida, dewibed ~s follows:
Southeasterly 80 feQt of Lots 18 and 19, Block 52, BIL?MORB PARK, according
tc the plat thereof on file fn Plat Book 4 on page 52, public records of
St. Lucie County, Rlorfda.
By a?yreeaent of Mortgagor and Mortgagee on file with Mortgagee, the within
mortgaga secures not m ly an existing indebtedness, but al~o ADVANCBS !o
be HSRBARTBR aa?de.by Mortgagee to Mortgaqor the aggregate of which ~rill ;
equal the principal amount specified in the proaissory note sQCUred hereby. j
~ .
! ?his is a corrective sortgage designed to correct an erroneous legal
! description appearin9 in that certain aortgage dated June 28th 1977 and
; recorded in O. R. Book 270, page 1343, of the public records of St. Lucie '
~ County, Florida, and upon which intangible tax has been paid as evidenced ~
~ by receipt No. 316313. f
r/w 1`1 P1?YMfNT OF 1~.
~ p~E1VE0 ~,,.5 'C INTAN6iBLE PERSil" ~L PROPER
p Chpp7ER 7~-13•1• ~~S GF 1911. _ I.
. Q ppI1RA~
CLER1( QIRCUI? OWRt? Si. LUG~E GO.. ~
!c~grrMr with all u~d si~gular tF~e tenernents, hereditame~ri ~nd ~ppurtances thereunto bekxgirg w 1n anywis~ ~ppeAaini~g thereto, and atl r~MS, iuues, -
a~oceeds •nd profin acauing ard to ~ccrue lrom said premises, all of which a~e included in tM abov~ and forpoirg deuriptan and h~bendum.
TO HAVE AND TO HOLD the +bove described and grsnted prcm;ses unro the said JNORTGAGEE, in successon ~nd augns for~vK. Md th~ saTd
:"ORTGAGOR fw their ~~n, executors, +dministrators and auigns, hereby coven~nb with the said MORTGAGEE, ib wa~swrs and ~ssipm,
+hnr - thB~~B- lawfully se~:ed of the said prem~ses in tee simple: that the ssme are free. dear ~nd discharged from all li~ns and ~ncvm~
b~ances in law a in equiry, and that thev will snd their hsin sMll warrant uid deferid the titl~ to tM ~+m~ to tM said
'.'.ORTGAGEE, ib succeuors and auigra, forever ~g~inst the lawful clairra snd demands of dl perw~s; .
PROVIDED, /1lWAYS th~t if Ihe MORTGAGOR shall pay unto the MORTGAGEE the promissory rate hertinbefwe deKribed u+d shall nuly, promptly
a~d fully perfwm, d~scharye, e:ecute, camplete, comply with and abide by each ~nd every tM stipulations, ~greemenb, conditbm and cove~ants of said
;:~om~ssory rat~ and of thi! Mwtgspe, then thit Mwtgaye and the Eatate hereby ueated shall cease and be null and wid. ~c
IT IS UNDERSTOOD that the wwd "1Nortgayor" whether in the singul~r or plvral anywhert i~ this Mwtyay~, ahall be sinpulu if on~ only and
shafl be plv~d jointly and severally if more th~n one, snd that the wwd "their" as used anywhere in this Mwtyapt sMll be bken to rn~an "his;• •'htn;• ~ .
~ or "irs," wherever the context w implies or ~dmits_ Also, that wherever there is s refererxe in th~ covenanti ~nd spresments herein oontained to any of ~
~ ~he parlies hereto, the ta~n~ ihall be cautrued ro mesn ~s well ~ss the heirs, leyat rep~esentatives, wuesson and asigro (~ither vo{untary by ~ct of tFw
~ parties w imroluntary by operation of the law) of the same ard that the coven~nts F~erein contained sh~ll bind and the benefib and dv~Mapes inw~
ro the respective hein, ley~l represcntatives, succeuas a~d au'gns of t1~e p~rtie~ hereto.
~
~ And uid AAorty~yors, foi themselves and thei? hein, lepal repr~ssnt~tires, successon ~nd auiyns, hereby jointly and severally covtnaM ~nd ayr~e
~o and with tM uid MORTG/1GEE, it~ successas ard suigm:
~ 1. To p+y ~II and sinpvlu the princip~l and i~teres~ and the wriouf snd sundry wms of mwxy p~yable by virtue oi iaid promiisory note, snd thb ~
T:orrgage, t+ch and ewry, pomptly on ihe dayt respectively the same s~veratly becan~ dw. ~
2. To p~y all ~nd sirg~lW tfi~ u:es, assessm~nb. fevies, liabilities, obliyatiau and erxvmbr+nca of wery n+tur~ and kind now on uW describ~d ~
p~operry, or that here+h~r may b~ imposed, tuffered. Placed, kvied, a~u~ssed th~reon, or that her~aiter may b~ kvied or u~essed ~pon ti8s Mortp-
eg¢, o~ tM ind~btadneu secvred her~by. ~ach and every, wh~n dw ~nd payable, accwdinq to law, befor~ they becan~ delinqwnt, and b~for~ ~Mr intu~st
a~raches w~ny penalry is incurred; AND INSOFAR AS ANY THEREOf IS Of RKORD THE SAAAE SHAII 6E PROMPTLY SATISfIED AND DISCHARGEO Of
"vECORO AND THE ORIGINAL OFfICIAt DOCUMENT (SUCH I`T, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAtLY ENDORSEO
~ OR CERTIf1E0) SMAtI dE PIACED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NfXT AF1ER PAYMENT; and ir~ th~ eveM that any thsreof is nw
ue~d, sat'sfied and disthar9ed se:d MORTGAGEE may N any tirne pay the ssm~ w•~y p,n ~hereof without waivinp or affectirg any option, lien, equity or
•:~ht under a by virtue of this mortyaye +nd the full amount of esch and every such payment shall be immediat~ly due •nd pay~ble and shall be~r int~rest
'~c~.+ the date Ilxreof until paid at rate of ni~e per ce~tum per annum and toyether w~th ~uch interest fhall be secured by the lien oi tl?'s mpytsy~.
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