HomeMy WebLinkAbout0541 ~ ~ :~~t~6S0`7 n ~
i~, 30 ~y of November ~p. ty77
Jack L. Mor~an and ~taxine L. Morgan, his w~fe, ~-f {
of St . l.l1C 1Q ~~y f~~~ ~~~~M dN;qMted a~ Ay "~pRTGAGpR," a~d fIRST FEOERAI SAVINGS ANO IOAN
AS5pC1AT10N Of FORT NERCE, a aapa~lion orpani~d ~nd ~xuti.g undw tM lawt of tM Umted Sutq of Ams:~ a~d h~vinp N~ principal plap of
buainas in tM ~i1p o1 FoA ~ipa. St. luc~ Ga~nty, fiakM. hK~ha d~aqn~ted u Mr "MO1tlGAGfE."
WHEREAS tM MORTGAGOR i~ ju~t~y ind~bNd b 1h~ 1MORTGAGfE M tM su~ of i 24 • 0O ~pod ~nd lawful niwNy oi 1!r lMibd
Srat~s ~dv~~c~d by th~ JNpRTGAGEE unro tM MORTGAGOR, u~vid~nc~d by • cena~n p~om~uo.y nw~ oi ev~n d~a Iwrwi~A, d wAicA 1h~ INNwie~ M
word~ ~nd fgwN i~ • trw s+opy. towit:
S 24,000.00 ~ 01-23021452 _
Fo:. a:~.~s. .t«,d~. `~4veeber 30 ~ t922_._
Fw v~lw nc~iwd 1. w~. w eithe~ ol us. pran~se ro paY. wiehouf de(alcstion. to fh~ o?der of fIRST fEDERAt SAVINGS ANO IO~AN ASSOCIATION
OF F(SRT PIFRCE a~ foA Pi~ro~. florida. t!K awn o/ f 24 ~ 000. 00 . w~*h :meres~ from da~~ ~r ~ r~» of 8. 7 5 % pM ~
mo~r1+ly :~statlnrm~ a foUows: f 197 . 3 2 on the lOrh day of .~anUdl Y 19?~ ~nd a 1~ ~wn on
rhe correspa+dirq d~y of ~ach mw~th Hwr~ahK until the whol~ be fvlly paid- .
Each insultewm /~nt shall b~ ~ppti~d i~ payeneM of ~he inf~re~t and ~Mn on t!r unpa:d balance of tNt p:~6ps1 sven. !i detavh is ~n+de .
~he p~ymtnt of any ieatdu+w~+t when dut. and u,ch dtf~uN continues JO daya, M+en at ~he opran of th~ holdN. and wi~l+ou~ M+y otM~ notice.
,tl ~he rem~+n'w~p imtat4~n ~MII 6~ dw N+d payable at once. P~lvilp~ is ~iwe~ to prepaY ~s m~e in w1w4 w in pwt ~t ~ny tin~ witho~f
pena~ty. td~itl+u fwb~ar~nce. na acc~pru~ by the hotdN M~rwf ~fw a~.y defavh in anr v+r~? he.~an, shalt b~ dw+~ed ~xe~mion. A t~r~
paymMf cMrp~ d i 9. b6 slwll be asusred Hr ~8M d~y of M» rnonth. ~f a~ego~ar bvsine~ d~Y, w. if no~ • tpular bus~nsss d~y.
then r!K n~at busMSSS d~y. on e~cl+ ~+a~tF?ly insr~llen~nt no~ Nwn t~ee:wd.
Esch make~. aw~ty ~nd ~ndwssr henof. joindy w~d sev~raA1?. w~ives deMnd. p~esenr~nenr praes~ u+d naio~ oi pw~at for ranP~Ym~nt. and
f~reher ~grep ro any ~ntt~man of tin~ of paym~nt, eitM+ befw~ o~ ~fia maturny, wirhwt noric~ ro ar~r oi v~,; and w pay aN ooats of colkctiw+.
~~c~ud~nq a.ea~w~abl~ atforney's fN in tir ~wnt of ~ny d~fwlt hereunde~. ~nd he.cby seve.~ll~ w~ives sll be.yfit of FwmeqNd ~nd ~x~mption w~d~r
rhe cons~~r~nae snd laws of ~acl+ Sat~ of tM Unit~d Stafts, as p~uat N+is oblg~t:on a ~~y earMSion w nnewd Mreof.
- r. ~ (SEAII
. ..-r-
S+ere docvmenrary tbenp~ in rh~ anwuM Sl )ack __~prnan ~A~y
of : 36.00 u. S,/ Maxi~o L. ~b~gar ts~tl
affixed b MN enOnq~p~ NWI~d 1~nbY• _ (SEAU
NOYV. TMEREiORE. rtr AAORTGJ?GOR fa tln P~uves~ of secwYi! ~iyw~ent of' ~a+d ~ of i 24 ~ 000 _ 00 .~nd th~ p~rfanw+c~ af tFr
cov.nan~s ~nd pns~r~s Iw~itN ~xpressed. ar+d fw d~re.s yood and valwbk can+Aerar~o.n, by th~s~ pn~nts, doM pnnt. b~rp~Y~, NII. nenis~.
reless~, oonvey and aonPwn uMO th~ MORTGAGEE, its wcceason and auyns, z11 ~hat cena~n Iw, pieu w~wal d I~nd. titua~. I~rinp, ~nd b~inp M tM
Ca,nty of St . I.uC lE ~nd St~ of Fbrida, dewib~d b iotlowa_
Be9in at the NE corner of the North 375 feet of the South '
of the NE~ of the SB{ of Section 5, Township 36 South, R~nqe ~
40 Bast, turn and run West 1093.4 feet for a point of begin-
ning; from said point of beginning, contirue West 100 feet
J to a point, thence turn and run South 162,5 feet to a point;
~ thence turn and run East 100 feet to a poirst, thence run
Notth 162.5 feet to the Point of Beginning, said Iand also
being described as Lot 16, of an unrecorded Plat of t~ANIELS
SUBDIVISION, Iying in the Nor th 375 feet of the South of
' the NEi4 of the S6'~, of Section S, Township 36 Soutb, Range ~
- 40 fiast .
By agreement of Moztgagor and ~tortgagee on file Nith Mortgagee, the within moztgage
secures not only an existing indebtedness, but also ADVANCES to be HEREAFIBR made
by Mortgagee t~o Mortgagor the aggregate of which will equal the principal anount
specified in the proaissory note secured hezeby. g~~
- - R~c'w°d s M+ P+~? Of taias
; _ ~ - _ ~
. - f, _ . . ` . _ ~ ~ Ous On Cla~ "C' IM~npbMPlN~oerlProp~rq?.
~ ' ~ - _ , . . ~ • ~ ~ Pursusm To Chap~ 71.13~1, A~ 071.
~ ~ - - _ ~ . . _ ; .:-3 _ 3 6. 0 ~ i Roc~R PatMS q~
f' ^ " ~A
~~e~her wnh di ~nd sinpvi~t tIN ?~ewrrNnt~, l+v~diunrnls w+d • C~ CrrCUi/ ~1~,~
o~oc~eds ~nd PPw~NKes th~reu~fo belonyinp a in M~ywiN ~PPMt~g 1h~?M0. Mfa~ iNUM.
profita accr~inp ~nd to ~ocw~ fran s~id pr~mis~s, all of whid~ m indud~d in th~ ~bow ~nd totpoi~ dMOriptfon ~nd h~bM~ww.
TO HAVE ANG TQ HQL4 tM ~bov~ dNCr~d ~nd pwm~d p?~mi~ unro tM wid MORTGJ4GEE, Ns w+a~won ~nQ ~wfOn~ forwM. Md /M s~id
MORTGAGOR fo? the ir M~, ~x~Man. ~dminish~bn ~nd ~a~iym, h~r~bf~ oor~b wi~h the aid MORTGAGfE. Ns a+~oowon ~nd ~Iprr;,
,naf _ thCy e~Z¢ t~wfvlly wis~d d tM wid pr~miws in fK aimplr, tMt tM wn~ vs frN, dNr aed df~dwp~d fraw ~ li~ M~d M~n~
o-e~ce~ i~ law or ie ~q~iry, a+d Ni.t Lh@y wiq and the ir htin ~MII w~n~ ~nd d~t~nd th~ tNh to IM p tM ~Nd
!~!ORTGAGEE. Ns tuecn~on ~nd Nripm, for~v~r p~inat tlr I~wful d~inM snd dwernd~ d ~N PanoeM:
PROVIOEO. AIWAYS thN If th~ MO~TGA60R ~hal! p~y umo tht MORTGAGEE th~ pra~nia~orr ~oa l~aeinbdon d~tWd and dwN frvly. P~P~~Y
e•~:d FuIIY P~?~qfin,. dq~, st~p+H. ~O~p{~1~. ~1Y with ~nd abidf ~ eKh Md ~wry tIM sfipNl~f101f~. ~ OOf1~Ifi01M NId COr~fWN~ Of ilid
nrom~sso?y not~ ~nd d lhis Morfq~. lh~n fhi~ Mortpp~ ~nd ti~ bt~t~ henby etMt~d ~MII eNN and b~ ewM MM1 v0id.
IT IS UNGERS?OOD th~t tM wwd "Mortp~por" wMtMr in th~ sinpular or phKd ~nywlw~ in tAis Morlpp~ dNM b~ ~M~pubr If oir onfy and -
t h~ I I b~ p1w11 joinfly ~nd ~twrdlr if nwn tlw+ on~. ~nd Mwt tl+e wwd "11+eir" ~w~d anywlrr~ in lhis Morqp~ ~IyN b~ takln b en~an "f+l~," "Iws„°
a+c
o, ..~n;' wMr~wr fh~ caa~:f w lmpltu a~dn~fs. Aho, tMt wMrrw? th~r~ t~ ~ r~fKw~o~ in tAe oe~w~a ~nd p.~a Iw~h aomdmd b~ry of o
tn. p.na~ M.MO. N» w~v d?dl b~ eanstrwd ~e nn~n N vwll M Nw Mirs. bpa! npra«aariv+~, wawon ~ad wfpe~ (,~Nfw? vokKN~'1? M ~et o/ th~ ~~o
DartiN OI ~f1Y'O~IM1f~ ~~/r/bf1 O~ I~M ~~1M~ Of }~N /M7M M1d t~Nt 1~N C01/M1M1b ~1N~111 OOf1f~jlMd ~Mp ~111~ M1d 1~1~ ~~Ild ~Y~M~M MW?~
t0 thf fM~Kt1V'~ ~Mlft~ ~ f~fMMM~f~1/~fr NIOO~MOH M1d ~M~1N O~ t~N PMtN~ ~Mf~fO. l V
And M11~ AAO?1ppOt1. ~Of t~NfAMh/N M1~ 1FMir ~M1~f,. f~p?~Mn1~tNM. WK~sW?~ M1~ pi~M• If~?~ IOM~tIy N1d MrMi~ OOweMM MI~ ~pfN ~
±o •nd with tM wid M~ORTGAGEE its wocMwrs ~nd Nsipes: v~ ~
I. To pry di ~nd sMqu4r th~ prlndp~! ~nd int~na and tM vu;ous ~nd wnd.y iwna of nwn~y p~y~bi~ by vinw of s~id
~~ony~, ~ch ~nd ~wtr, paaptlp on N!v dar ?wPw~vdY fh~ wv~r~Ny b~conw dw. aO11~r ^oM, and thlt ~ -
Z. To p~y ~p ~nd ~YqYla~ tl~ taxM. ~s, brfN. WbilhiM. oblip~tiona ~nd Mawnb~anas d rNry Maw~ aid klnd eow on Wd dnvb«! ~
~~~Pe~Y• OI 1hM f1MNffM 1Mr 6~ 611pOMA. WHM~, P1~0~. MVi~Q. 0/ ~M~N~ lhM1014 p I~Mt h~?~IftK /11~ bf My~ Of M~MMd Yp011 1~ MOfIP
:9e. w tM ind~badrwM Mow~d Mnb~r. ~ach ~nd fv~ry, wMn dw ~nd p~y~blt. ~cWrdino b Mw. b~Fot~ Nry 6~c0an~ ddY~qwn~ Md b~i~on Mh? MMMNf ~
e}tachd p~IfY P~MhY M If~qMf~O: ANO INSOFAR AS ANIf 1HEREOF IS OF RKOR~ TME SAJNE SHAU Ef IROAA?Ttlf SATtSf1E~ /llVC DISdiAlGED Of
~ECURD ANp THE ORIGINAt QfiK1Al DOCl1MENT lSUCN AS FOR INSIANCE, THE TAX RKEI/T OR TI# SATISFACTION ~AfER ORICIALLY EtiDORSEp
OR CERTIFIED) SHALL bE ?tACE~ IN TME MAHpS pf S/?ID MORTGAGEE WITHtN TEN DA1f5 NEXT AFTER IAYMEN?; ~nd in t}r ~MnT tl~M ~ th~~pf p ~q
o,~d. ~at sfi~ ~nd d'adwrp~d M:d MORTGAGff nwy ~e u~y tinw p~y tF~ ~arM a anp pNt Hwswf withow wa'n' w~
'^0 ~~11 ~M ~~on. li~n. ~quih? or
.,~nr under a by vinu~ oi rhis mortpap~ ~nd tM full ~nove?t of ~~d+ ~nd ~v~ry we!? p~yrn~m shatl b~ ~diaMly dw ~nd phr~bb and ~h~N bNr MNMq+
~•c•,~ rhe dn~ tl~wf untii p~~d N i~t! Ol niM pM CMfwn p~? annwn ~nd fOQNhM wifh such w++~r~sr ~hatl be ~ecv~~d by tA~ 1i~n of Mu w~oe~pq~.