HomeMy WebLinkAbout0728 • ; ~ ~ • ~ 3'725~2 ~ ~O
THIS INDENTURE, N4cb th~ 19 d~y of JV ly A.D. 19' 7 betwhn
Ch~ries A ~1cCort~ and Jacolvn Ly ~1cCott~ _ • ~ •
o/ SL . 1.LlC 1C ~~~~y Flw;d~~ M~einaftN d~apnsted aa the "MORTGAGOR," and FIRST FEDERAI SAVINGS AND IOAN
ASSOCIAiION OF FORT PIERCE. a corpa~~~on orpa~~ied ~nd •x~uiny unda tM lawf oi ~M Un~~ed Sah~ of Arn~rka and havinp Ns princlpd pl~u of
b~?~i~wa~ In tM City of foA Pi~rt~, St. lvti~ County, Fiorid~~ M~~iMltff d~siyn~t~d tM "MORIGAGEE.••
• WHEREAS IM MORTGAGOR is kn11y i~bt~d 1o th~ MORTGAGEE in the ium of Z_~4_40e~ yood •~+d l,wfvl ~non.~ of ~M Un~ted
Stst~i adwnc~d ~y th~ ;iciGAGEE uroo th~ MOR(GAGOR, as evldenced by •«~tam prom~isw~ note o~ da~~ her~with, o( whlch ~M followinp in
wpds W?d fpurN is • 1rw topY. to-wit:
s 44,400,U0 No 01-23014556
Fo.~ P~~~ce, F~a~da. July 10 19~~
Fw valw recavcd, 1, we, w•:the~ ol us, prorti~~e ~o pay, witAout defalcation. to tM wder of FIRST FEOERAI SAVINGS AND IOAN ASSOCIATION
Oi FORT PIERCE at Fat Pierte, Florida, the fum o( s. _4414~Q.OO__ _ _ with inte~t~t from d~tt a1 tAe ~~ts O~_~_'1G per annum, in
monthly installmeMS ~i follows• 35~ • . on thF IOth day of VOVe[tlber 19~_ and a lik~ sum on
~he torresponding day of eath month thereafte~ until the whole 1x fully paid.
Each inftallment firsr shall be applied in payment of the inr~rest snd ~hen on tht unpaid bala~ce oi the principal sum. (f default is made
~n Ins p:y~~~r„t of any instalimen? when due, a~d auch defaub conunuef 30 dayf, thcn ~t th~ option of the holdtr, and withovt any othtr ootice.
aIl the remaining ins?altmenti ~hall be due and pa~able et once. Prfviley~ is 9iven to prep~y this ~ote i~ whola o~ in part ~1 any tima without
penslry. Neither forbea?ance. nw ~cceptance by ~he holder thNeof afta any d~f~ult in anY paYmem hereon. shall be deemed eaten~ion. A late
payment tharfle of s 17 • 9O shall be a~seased the 46~h day of the mo~~h, if s reg~lu buiineu day, or, if rwf • ~egular bu~ineaf day,
then 1he neat buiiness day, on esch monthly insrallmcn~ not tMn r~c~Fved.
Eech maker, surety and endwser hereof, jo~ntly and severally, wa~ves demend, presenrment protes~ and not~ce of protesr fw noopayment, ~nd
further +g~eea to any exte.~sion of t~me of payment, cither beio.e or afte? matur~ty, wi~hout nor~ce to sny of us; •nd ~o pay all cwts of colkction, ~
including a reaso~able anorney's fes ~n the even+ of any de(~ui~ Mereunder, and he.eby u~erally waive~ +11 benefit of homestead and e:emption under
rhe constirution ar.d tews of each State of the United States, as against this obligation w a~y extenswn or renewal hereof.
~L ~hs~LLe~ A. ~1eCc~rt~ (SEnU
State documentary atamps in the ~moun~ Jaeolvn L_ McCnrte (~q~)
of ; 66.60 (se~tf
affi:~d to the mortp+~ s~cvr~d ht?~by. _ (SEAI)
NOW, ?HEREFORE, ths MORTGAGOR for ~he pu.pose oi securin9 p~yment of said sum of = 44 ~OO_~~ , ~r~ the pNfpmarK~ of tlw
ccvN+ants a~d apreements he~eina(ter ~xpressed, and tor divers good and valu~ble cons~derstiom, by th~ae presents, dws 9r~nt, baryain, sell, remtse,
rele~u, conv~y and confirm unro (M MORTGAGEE, its succes~ors and ~uigns, ell Ihst certain lot, pieu or pucsl of I~nd, situatt, lyiop, and b~iop in tIN
~ St . Ll1Cle ~ Stah of Florida, deur~b~d ~s follows:
Lot 17, Block 15?, LAKiiWO~D~j PAR~C UNIT 11, according to the Plat thereof as
recordecf in Plat Book 11, pages 32 A_D, of the Public Records of St. Lucie
County, Florida.
By agreement of {?fortgagor and ayortgayee on file with
:~ortgagee, the within rnortyage secures not only an
existinq in~ebtedness, but also ADVANCES to be HERE_ ~
AFTER ma~!e by +~ortgagee to Mortgagor the aggregate of
which will equal the principal amount specified in the
promissory note secured hereby.
~I
! - - - - - _ - , - RECEIYE9 ~--i1-0 • ~ V iN PAYMEN'f OF TAXES
~ c~ T AT F F- L- r! ' i_:'t•. ~ pUE ON CIASS 'C INTA!:GIBIE FER9~?9I41 PROPER(Y.
J ~•:,Et.{'AF ~ ' ~ '1 134. 11CIS OF yl .
f - ~ r r-~,_,'E y ~ : , ~ . ~ ' PURSUAD~T T~ Gt °
~ ~ Rii° : ~ ?QlTFA~
n
~ ~ _ ~ ~ O G 0 O 3 CLER!( GIRCtiI? CO:RT, ST. lUC1E C0,
a o _ G 8 ~ - ;;djt,. ' ~ ` ~
c. +
~ 11 - ~ .
~ !ogeth~r with all and sinyul~r ehe t~~nts. Aeredibmenri +nd appurtances thereunto belaping or in anywis~ ~pp~rt~inirq thereto. ~nd ~II nnts, iuup,
~ a~oceeds and profin acvuinp ~nd to accrw from uid premiie~, •11 of which ~re included in the abov~ and fwpoinp dacription and habendum.
TO HAVE ANO TO HOLD the above describ~d and yranted premises unto the said MORTGAGEE, itt sucteuors u~d auipm fw~v~r. Md th~ s~id
~ h10RTGAGOR fa ~ he 1 r ~~n, ex~~, ~,~,~~~~~~~~as ~nd suigns, hereby covenants with tht s~id MORTGAGEE, its wcceuors and ~ssipns,
rhat - th~Y ar~ Iawfully se;zed of t1» said premises in fee sim le; that the same ~ro free, ckar and dischar
P ~ed from ~II laro and ~
brencea in I~w w in puity, and tMt LhEY W;~~ the ir hein ihatl viesrrant and d~fend tlw titlt to tM sun~ to tM s~id
vtORTGAGEE, It~ successon and ~st~ym, foreve~ syainst the lawful claim~ ~nd demands of all persons;
PROVIDE~, ALWAYS that if the MORTGAGOR shall p~y unto the MORTGAGEE the promiaswy note hereinbefw~ d~taibd ~nd th~ll hvly, promptly
and fully p~rform, dischary~, e~cscvte, compl~te, canply with •nd abide by e+ch ard every the itipulations, ~ynemenri, tonditiom and townants of said
c*omfiwry not~ ~nd of fha Morfga~e, then this Mwtyay~ a~d the btat~ hereby u~~fed ih+ll uas~ ~r+d b~ null ~nd wid.
' IT IS UNDERSTOOD that the word "Mortyspor" whetF~er in tFk sirguln or pl~ral anywhere in ~his Mortpape. ~hall b~ sugulx if a» only and
shall be plwal joinNy ~nd ~everatly if mort thao one, and tha~ the word "~heir" as used anywhere io thu Mortgpe aMll bs taken to m~an "his;' "hKS," ;
or "iti;' wherever th~ conteat w impliei or.adm;ts. Also, that whereve~ there is s refe.ence in the cwenanb ~nd ayrsert~enh Mrein oonlain~d to uqr of >
' ~he rtie~ herNO, th~ wrrw sMll be co~utrucd to me~n ~s well aa tFw heirs, al r DO
p a ky epresentatives, sucussa~ ~nd uiipro (~ither voluntary by ~ct of th~
~ panies w involunt~ry by~ optr~Ywn of the law) of the same and that the covenants herein contained sMll bind ~nd tFr b~nefib ad advanta~s irwre
F ro the nsp~ctive F~eirs, le~al rep~esentatives, successon and ~ss'yns of the parties hereto.
~ Md ~aid Mwtyapwt, fa themselve~ ~nd their h~irs, leyal r~p~esem~tives, successors ~nd ~uiyro, hereby jantly ~nd s~venily cov~nanf and aprte ~
~ to and with fM iaid MORTGAGEE, it~ wcteswn u+d auiyns; ~
~ 1. To p~y all ~nd sirgular tM printipal and i~ter~st and the vario~s and sundry wrta of
~Y P+Yable_ by virtw oi said promissory not~, and thi~
,,ro*rg+Qe, ~+ch and ~very, prompNy on th~ dayt respectively the same sev~rally becom~ dw. ~
~ 2. To pay all and sinpvtu tM taxn, as~~nn, leviss. Ii~b~Iiti~s, obl~atio~s and erKVmb~ncea of every MTYf~ and kind now on said d~salb~d ~
~~oW~Y, a that iwreaher may b~ imposd, suf(~+ed. P~+ced, lwied, a ausssed thereon. w th~t hereahK ma~ be Iwi~d w asses~ed upon Mis Mwp~
+ge, o~ tM irdebt~drKa s~curd hsreby ead~ u+d ~very, when dw ~nd pay~bl~, acco.dinp a I.w, before they b~cane delinqwnt, and befon any k?t~rN~ ~
dttLCFtlf 01 M~I ptMlfY is incwred; AND INSOFAR AS ANY THEREOF i5 OF RKORD THE SAME SHAtI dE PROMPTIY SATISFIEO AND DISCHARGED Of ~
RECORO AND THE ORIGINAI OFFICIAI DOCUMENT (SUCH AS, fOR INSTANCf, THE TAX RECEIVT OR THE SATISiACT10N PMER OFFIUALLY ENDORSED
OR CERTIFIED) SHALL 8E PUCED IN TME HANOS OF SAIp MORTGAGEE WITHIN TEN DAYS NfXi AfTER PAYMENT; and in tM tr~nt th~t ~nr th~r~o( ii na '
paid. ~at'~fi~d and dischary~d sa:d MORTGAGEE may at any time pay ~h~ same w~ny part thereo( wi~hout w~iviny w affectieq ~ny option, li~n, pvity a
.iqht unde~ d by virtw of this mo~t~~ye ~nd the full amount of e~ch and every iuch p~yment shall be immediately dve and payabk and shall b~ar ir?tKpt
F~om tM datt rhereof until pa~d at rate of n~ne per centum per •nnum and toyether w,th such interest shall be secured by the lien of th"s mor9ta9e.
- - ~ r,,,z:-~ ~ _ ~ " - - -
RP:::;d
'~z:,ti