HomeMy WebLinkAbout0586 CORRECT I VC ~:OF'iTGAG6 38t1442 ~
THIS INOENTURE. Mad~ 15th d,y of ' June - A.D. 1977 y b.~w..n
_ IGenneth R. Drew and Bve2ye~4L: Dreir~„ _6is wif
~ SL . I.UCl@ ~o~nty FiwW~, ha~inaftw-d~~ipnatsd ~s tM "MORTGAGOR," and FIRST fEDERAI SAVINGS AND IOAN
1?SSOCIA?ION OF FOitT PIERGE. a oapor~tion ap~nisad u~d ~xb~inp w~da ~he bvr~ of th~ Un~t~d Sat~s of Ar~ka and Mvinp Ns p~incipal plaa of ~
bv~irwas In tl» G1y of Fo~t Pi~ra. St. lutl~ Co~etry. Flaida, htr~4+~hN dttipn~t~d a tM "MORTGAGEE."
WFiEREAS 1M MORTGAGOR ia ~atly iniMbd w th~ MORiGAGEE in tM sum of = 3Q~ 4QQ _ Q~ yood ~nd lawfvl mon~y of tM Unit~d ~
Sata adv~nud by tM MORTGAGEE +x+to th~ MORTGAGOR, ~vid~nced by a cNt~in prom~ssay ~oq of eve~ date her~with, of whkh tl+~ (diowinp fn
word~ ~nd fipwM 4• trw copy, to-wit:
s 30, 400 . 00 _ - 23013~ ~
F,., v;e,d. F~w;d,. June 15 .~9~.Z_
fw valw r~c~ivsd, 1, w~, a eithe+ of us, promiie to p+y, without def~lcet~on, to the wdK oi FIRST fEDERAI SAVINGS AN~ L0/1N ASSOCIATION :
OF FORT PIERCE at Fort Pi~ru. Florida, the twn of i_ 30 + 40~ . ~0 witA int~rest from dat~ ~t th~ of S % pa annum, in ~
monthly installment~ p followr. :2 SO. DO an the lOrh day of -Skt
i2~e r 19_ZZ_ and a lib swn on j
rhe correspondirg d~y of sach month thaeafter until tM whok be fully paid• ~ t
E~d+ iruqllm~m firs~ ahalt b~ appGed in payment of the interest and Men an the unp~id balanc~ of the princip+l wm. If default b mad~
~n the paYmsnt of ~ny instatlme~t when dw, and such defauh continue~ 30 day~„ tMn ~t ths optioa+ of th~ holdar, and witho~t any othp notiu.
all tM ram~ie?Ng inst~llmenfs sh~l~ b~ dw and p~ysbk at axe. Privile9~ is ~iven to pr~p+Y N~is rare in whols a in ps~t at any tims without ;
Pe+~+hY. N~ifFwr forb~sr~noe, na ~cupta~ by the hold~r tM«of ~fbr any d~(aulr in a~Y WYr^e^f haea+. sMll be de~rned ~xtention. A!~M
P+Y~~ ~ i 12. SD shall be ssseued th~ 2Mh d~y of N» month, if a reputar b~rsineu day, a. if nw •?epular business d~y.
then tiN n~xt business day. on each monrhly Huall~ewnt nW tMn no~ivad.
Each make?, wrery aad enda~ i»rwf. jointly a~d severally, wsives demand, presentment proteat and ratioe of protest for nonp~ymar+t, u~d
furtM~ ~rea ro ~ny extension of time of p~yment, either befor~ w afte~ maturity, without ratice to +ny oi vs: and ro p~y all coab of collection.
inctudiny a reswnable attorney's (ee in tl+e ~veM of any def~ult hereunder, and hereby f~verally w~iws all benefit of ho+neste~d ~nd exemption ~nder
rhe oonstitution and laws of tach Staro of tM United St~tes, as +p+iro~ this obligation or any extension a re~ew~l Fwreof.
~
i ~ P
. . . S/ Kenneth R. Drew ' ~ty
st~t~ ao~em~.~? st.~s ~+s +~w~,~t ~ ' 3~ S/ Eve lvn L Drew ~s~
of ~ --T-+---- ~re .
I
affix~d b tht nwrpp~ s~cw~d I~~bY• , (SEAL)
NOW. THEREfORE, the MORTGAGOR fot the Pu?Pos~ d se~w~~p MYn~nt af ssid wm of i 30 ~ 400. ~O , u~d th~ pNforenaer+~ of th~
c
o
v~ m ros x~d a
prwmN+b Ikrei~ftN ~x p res~ed, u~d fw diwAs y o o d aind wlwble caaid~r~tiaw b
Y t!~ P r~ nts. dws q ram, bar pah?, s~ll. rem;s~,
relea~, oonwy ~nd to~firm unb tl+~ MORTGAGEE, its waessors ~nd ~ssipns, dl thst oe~uin bl, pieq or puql of bnd, situah, lyinp, arw! b~inp in fM
~~y ~ St. L.L1ClE ~nd Stat~ of Florida, describ~d as fdbws:
~i
The South 40 feet of Lot 6~ the iVorth 40 feet of Lots 4 and S and the
North 40 feet Qf the East ~ of Lot 3, Block 59, SAN LUCIE PLAZA SUB-
DIVISION~ according to the plat thereof on file in Plat Book S~ page
S'7, Public Records of St. Lucie County, Florida.
By agreement of Mortgagor and Mortgagee on file with Mortgagee,
the within mortgage secuzes not only an:existing indebtednessy
but also AOYANCES to be t~REAFTER ~ade by Hortgagee to Mortgagor
the aggregate of ahich will equal the principal amount specified
in-the promissory note secured hereby.
I
f This is a corrective mortgage designed to cozrect an erroneous legal
description appearing in thqx certain mortgage dated June 15, 1977,
~ and recorded in O.R• Sook 270, page 132 of the public'records of St.
~ Lucie Caunty, Florida and upon which intangible tas has been paid as ~
evidenced by receipt No. 3161~a.
R~~ ~'n h"~-~ IN PAYMENT OF j~ES
pUE pM ,p..ASS ~C' I;t~AHGIBIE PE~iSQtW. P~OPEAr~
p~~IANT Tp CFIAPIE4 71-134, ACTS OF l97L~ ~
RO~ER PORRIIS
CLE1tK CIRWR OOUIIT. A. WCIE ~ lu
rog~~F»r with all and ~irgula? tFr t~enann, huedn~mems ~nd sppurqnces tl+ereunto bdorgirg ar in +~Yw~ ~PO~~ tMnto, and ~11 ?~nts„ iwws.
proceed~ and pofifs ~onvinp and to aarw from satd prMni~es, all of whi~ m indodd in ths abov~ and fa~poinp daoriptlon and h~bN~dun~
TO HAVE AND TO FiOID th~ abore describ~d and prantad pramiwa unto the s+W MORTGAGEE, its woaswrs snd usipnt fanwr. Md th~ Mid
nnJa AGOR tor t he ir hetn. •~uanon. .dminisman and .ssi~ns, he..by eawnana wHh ~h. said MOrtTG/?GEE. ta s~oowso.s and .wipn.
~~iey are
rhat I~wfvlly s~iud of th~ s+id pruni~s in fe~ sirnpb: th~t th~ wmt ar~ hM, clw and ~Ciwpsd frae al) IiMS ~nd ~
brarxes in Ihw w M puiry, ~td th•* thev ~ their Min sh~ll warrant and dtftnd th~ titb to th~ saeew }0 1M wW
MORTGAGEE. Ns wocesw~s ~nd ~ssipm, forwK +Qsinst th~ lawfv) d~ims and demands of all pasoms p ~
~ PROVIDED. /1LWAYS that ff th~ MORTGACOR shall p~r wao th~ MORTGAGEE tM promiaory not~ Mninbefon d~scribad and sMll twly, promptly ~~d "
€ snd futly pKlwery disdM~. ~xscvM, eompl~tt, oomply with and ~biJe by tath and ewrr the stipul~tions, apn~rN~„ oonditiom ~nd aovwnb of ~aid
promissory noh and of tlas Mo~tpap~. tMn fhis Morlpa~e ud the btd~ hsnby erqNd iMll cNw and b~ null and void. ~
IT IS UNDERSTOOD tFwt th~ word "Morty+pa" wh~tF~ h th~ sirgular ot pluwl anywhK~ in this Morty~ ~lutl b~ ainyvl~r tf on~ ady ~nd
shall b~ p{unl ~obny and tewrall~r if mon thsn on~, and tMt tM wud "their" as us~d anywtw« in thia Mo~fQ~p~ sh~ll b~ tak~n ro en~an "his" "Mn,° ~ ~
w"its." wMrrva th~ cant~xt w implies or ~dmin. Alw. that whsr~vK thae is ~ refuence in the oov~n~nb and ~~anMt» Mrtfn oomaimd to anp of ~
sM partla MrNO, th~ s+rn~ shall b~ aomtrued w mean as wdl as tM Mia. Ipal npr~santatiws, auco~swn and aaipn~ (eith~? voluM~rp by ~ct of th~ '
pania or Invol~x~tM? b~r opa~tion of tln law) of tM s~ and th~t tF~e wwn+nt~ hatin conta4nd sh~ll bind u~d Nr b~ntfita ~nd ~dvaroapa lmx~ !
ro tM rapKtiv~ Irin, bpa) ~epnia+tatiws, wa.esfors and asvpro of th~ putia Mnta - f
~ Md uid Mortp~por~, for tl~nwlves and tMir Mks„ npns~nt~tiva, wa~stas and ha i
to and whh th~ wd MORTGAGEE. ~ts waa.ors and assipnu +u~• ~ i°~MM and wwwlly oo~wn«» and p.~e (
1. To p~y all and sinp~rtar th~ princip~l ~nd imvest and tl» vuious and sund~Y +ums d mornr P+yabl~ by virtu~ of ~W praniww~ not~, and thb
~ mortpap~, Mtb ~nd ~wry. P~on+Pth? on th~ d+Ys nipact?wFY tIN sam~ stwrdiy b~oonr dw.
To p~y afl and ~qular Nr axa. +~wwn~n~, twi~s, liabilit~s, obUpatiaa and ~ncumbranoa of ~y n+tw~ and kind now an sNd dMaib~d
w~h, a 1Mt h~fbr awy b~ impowd, wff~?~q. P~aad. Iwi~d, a ~wswd ~Mnon, a tl~at hareaftK mqr b~ Iwird a~d upo~ tNs Matp~
~ye, or th~ M~d~bl~dma s~aw~A I~u~bY, wch «+d way, wlNn dw ~nd p~yabls ~eoordinp fo law, btfon tMp b~caM ddYpwM, and b~fon aeh? YN~nq
•ttacl+a or any p~nalh h Mcwredt ~'~1D tNSOf/1R AS ANY THEREOF IS OF RECORO THE SMY{E SFIAIt 6E PROMPTIr SAiI5f1E0 ANO OISp1AAGEp Of ~
RKORD Ati~ TF~ ORIGINAL OffIC1Al DOCWNENT tSIKM AS. FOR INSTANCE, TlIE iAX RKEIPT OR THE SATISfACT10N PAPER OFfIC1AllY ENDORSED
OR CfRTIf1EC) SHAII !E PLACEb IN TME HANDS Of SAIp MORTCsAGEE WITHIN TEN OAYS l~XT /1fTER PAYMEN?s ~nd in the ~wM thaf anp M~p~of is no1
p.id, sat:sfi~d and d'adw~d s+id MORTG/1GEE m~y at ~ny tirn~ p~y wm w any pa.t therwf whhow waivinp a ~fi~etieq +np oprioe• li~, p~riy~ w
?~pM w~ or by virtw of thi~ morlQ~ and IM full anauM of each a~d every wch psyment sh~ll be immediat~ly dw and payabM and shall btar iM~rat
~rom fh~ d~te fMnof unNl paW at nM of ew~~ per untwe~ pu ~m~wn and iopNh~r with wch imtNest sh~ll b~ secw~d by tM IiM of th:s mwptap~.