HomeMy WebLinkAbout0801 COFtRECTIVE MORTGIIGL' ~~~3 n J
ttat t~dvtutt ~.d. 1 ~ t h ~y ot Nov.emb~~ r n.o. t9 .b.iw.~
~1~mes rtcGil l<-~nd Ruth P1cGi11, his wi fe _
of st • L'uCle Covnly florid~, Mt~iMhK d~ugna~ed ~f ~h~ "A10RTGAGOR," and fIRST FEDERAI SAVINGS AND IOAN
ASSOCIA1tON Of fORT PIERCE. • oapau~o~ wp~~~~d ~nd •x~~ti.p undN ~M I~ws of th~ Un~ted Su~~~ of Am~ric~ Md MvMp iM prlndpai plaa of
buw»u b tM Gty of h?A ~iKa. S~. luci~ Covnty. flald~. MrNn~fta d~spn~r~d rM "MORiGAGEE." .
WHEREAS tM MOR?GA~iOR i~ iwtly ied~b?~d ro tM MORTGAGEE in tM s~m of = 36 , 000 . n~ 0~ Tp~
Sr~t~~ adwnad by th~ MORTGAGEE ueto IM MORTCsAGOR, u•vid~~+c~d by a ur~ain prom~uwy not~ of ev~n d~t~ Mt«witA, of whieh NN fNihrYy M~
wordi
a+d f1pwN i~ ~ trw aoVY. towlt: ~ri ~ :~7 5 1
S 36,000.00 ~~Q - ~
rovember 1 ~ 19 77
fcn Pierce. ~Iw~da.
for valw r~c~iv~d. 1, w~, a titFwr of us. promise to pav, wi~hout deFalcat~an. to the wde~ of FIRS1 FEOERAI SAVINGS ANQ IOAN AS50C~AT10N
OF FCMT PIERCE at fott Pi~re~, Flwid~, tM wm of = 361000 • O0 w,eh ~Merest f?om d~1~ ~t th~ r~n of SO Xi pN ~onwn, in
mon~hly ~nsr~llr?Knh a~ follow~: s 2A 9. R 9 on the I Oth day ot __i ar c h 19~~ M+d • lik~ swn on
~he co~respondinp d~y oi ~~ch month th~re~ftK un~il the whol~ be lully p~id.
E+ch insullm~m fira~ ~Fu11 k» ~ppli~d in paymem of rAe ineere~~ ~~d tMn on tM unpa~d b~l~nc~ of ~M prindp~l ~wn. If d~f~ul~ is made
the paym~m of ~ny inttalim~nf when du~. and such d~fautt continv~f 30 dayf. th~n at th~ opt~on of tFw hold~~. ~nd without ~ny other notice.
atl ~he .emainieq in~r~llen~nt~ ~h~ll b~ dw and pav~~le at once. Privilp~ is yiv~n to prepay this ~o~e in who~~ W in part ~t any 1i~ witiw~t
penatty. Nti~M~ fwbeu~nu. e+or +cc~ptanc~ EY holde~ tM.eof ~fta any d~f~ult in any pay.nem M.wn. sh~ll b~ d~~m~d ~xt~man. A late
payment charQt of a 14.49 f!u?~ b~ assets~d tM 46th diy of th~ mon~h, if a regu~~~ busin~~s d~y. a, if not a rpvlM bu~iness day.
vhen the next busin~~s day. on ~+ch ~nonthly inttallment not tMn nuived•
Esch maka, wnty aed ~ndors~+ h~r~of. joimly and ~ev~nAY. waives demand. Prosenrme.,~ protest and noticy of prote~t fo~ nonp~yn+e~t. ~nd
furfher agrces to any txtx+sian of tirrN oi p~ymant, e~tMr b~fw~ a~1~er mitunry, wirha,t rat~c~ to any of w; ~~d b pay all coah of colledion.
~ncluding • reaso~ab~e anomey't ft~ in Nu ~vent of any detault henundrr, and hereby +everally waivss ~II bentfit of homt~tt~d and ~:~mPtion unde~
~he'conftitution and I~ws of ~uh Sut~ of ~M United St~t~s. ~q~in~r thia obl~q~t~on w any eat~n~ia~ w nn~wsl haeof.
5~ .IdIRE~S ~iCCilll ~q~~
(SEAU
c..r. Anr.~.n...~a.v ftunnf in th! ~mWln~ . i- I ~__•L u../^~ 1 7 .
- - . .3~ ..L: ~ iJfAii
of S- - ~ ~r~
effi,ced fo fht mortpaQ~ t~tut~d Mnby. (SEAl1
36 0000.00
MOW, TNEREFORE, 1M MORTGAGOR for tM pu.pos~ of tecurinp p~yent~~ of a~~d :um of s ~ and tM p~iorm~ne~ o( tM
covsn~nts snd ~pr~errKnn IIlI~iMffN ~:Weued. ~nd fw d~~en pood ~nd v~Iu~ble cons~drrat~on~, by th~ pr~s~n». do~s pr~nt. b~rp~in, ~~11. r~rn~s~.
releese, conrey ~n~f tanfirm unto tM AhORTGAGEE, iri avccesson and •~s~gns, e1t +Ta+ cer~a~n lot, piec~ or pucel of land, ~ituat~, lyinp, ~nd b~inp i~ tM
~~~y ~ JL . L.UC 1 e ~nd Sut~ of Flwida, d~~crib~d ~s followr.
5outh half of Lot~ 13, all of Lot 12, and the l~orth half of Lot 11, Block 11,
tfARMONY fiEIG1iTS ADDITIOT, I~O. 4, accordinc~ to the pl~t thereof on file in Pl~t
~ook 9, ~ n Page 71, ~uhlic recor~~ of St. Lucie County, Florida.~,/
By agreement of l~tortoagor and 1~1ort~agee on fi le with tt~e ~':ortc~agee, the
within mdrtgage.secures not only an existing indebtedness, but also ADVANCES
to be HE~FAFTER mad~~ by ~lortgagee to Mortgagor, the aggregate of which will
c~c~ual the nrincip~~l amount specified in the nromissory note secured hereby.
T!~is is a corrective mort~age designed to correct an erroneous legal
i ~iescri~tion appeazinc~ in that certain mortc~age dated ~ovember 17, 1977, and
~ recorded in O. R. Book 277, page 2603, of the puhlic records of St. Lucie
E County, Florida, and upon which intan~~ihle tax has been paici as evidenced by
~ receip*_ i~o. 372033. '
(
i _
R~c+~iwd t.~~G~~~ In rayn~t OI Ti~
~ ~ ~ ~
t . Ouc On Cla~s Mtarr~bNfyno~ylh~p~~,
~ Pursu~nt Ta Cfiapte? 71, 134.~~qs~ fm_~~
z ~t)GEfi Ppii~~
a !'r:. : r"Irr~lit rOU/1. .St. ~.U .
~ •~erher w]th dl ~nd dnpular tM t~n~m~nt~, her~dit~m~nri and ~ppun~nce~ th~rew~to belonpin9 or io ~nywiw afnfrq~NO. and ~11 ?~nts, Iqw~.
~ c-«eeda ~nd profi» ~ceruinp and to ~cvw froa+ ~~id pr~miHS, sll of which ~r~ includ~d in th~ ~bov~ and forpoinp dNCr~tbn ~nd h~b«+dw~~.
~ TO HAVE AND TO HOW tM +bow d~tcrib~d ~ed pr~nt~d p?~rnisN unto ~lw s~W MORTGAGEE, Ns ~uoc~uon and aalpn~ Fo?~w?• Md tM wtd
their
~ ~.tioRTGAGOR fa h~ln, u~cwon. ~dmini~tratw~ and auiym, h~r~by cown~nts with tht ~aW MORTGAGEE, Hs wou~wn a+d ~wlpn,
~ ~haN ~-+1~--- I~wfully reis~d of tF» aid pnrniws in fN ~implr, that tM wmi u~ fr«, cl~ar ~+d dhcharp~d fran dl 11~ and ~ncvn?
~ cr~ntet in I~w o~ In ~qviy, and 11~rt thev wlll and thei r Min sMll wur~et ~nd d~i~nd th~ tkl~ b tM ~wn~ p th~ s~W
MORiGAGEE, t» ~ucaw?~ ~nd aafprw, farwr p~lrrt tM I~wfvl d~frn~ and d~manda of ~II pK~arj
' PROVIDED. ALwAYS Mwt H th. MORTGAGOR •h.ll pay unro d+. MORTGJ?GEE th. prc~niaoryr na~ h.ninb~(on d.w~d ~n/ ~M11 MdY. P?~P~M
z ~~d lully pqfwm, diah~~. ~x~cuN, somP~~. ~p++P~Y with ~nd aWd~ by ~ach and ~wry tM stlpubtfom. pn~nMU. conditior~ w~d aov~n~nb of said
;j o~om~~wry non snd d thM Mat~p~. ~Mn thh Ailortpy~ ~nd tM Est~t~ h~r~by w~hd shall cMw ~nd b~ nuH ~nd vold. -
: IT IS UNDERiTOOD thN th~ wotd "Mortypor" wh~tM~ In th~ sM+pular a plur~l ~nyw1+K~ N thi~ Mortyp~. ~11 b~ ~Mqula? If on~ onil? ~+d
~ .hau b~ plur~l ~ofntiy ~nd Nwr~tlp H nan Ma+ aa, u~d that tM wad "tMir" n uwd ~nywMr~ In tht~ Matpp~ ~MII b~ t~k~n to en~an 'hM.' "!wti" ~C
o. ..~r~ ^ wh~rwK tM oom~:t ~e tn+plfM a~6nhs. Abo, thN wlwwK th~n M~ r~hr~nt~ In tlw town~nU u~d a~~nta Fw~In aoM~lrnd b~ny of o~
- th• pan'~ ha~to, th~ ~e dwll bs ~rv~d ro n»an a vwll M tlw Mln. 1pd npes~ntarivw. wcanws ~nd aalpir (d~ volunt~rp M~et ef f!r ~
P..r~.~ or involumM~ b~r op~r~tion o1 Mw law) of tM s~en~ and th~t N» eoven~nn h~.~fn eont~kwd ~Mtl bkd ~nd tM b~fM~ and ~dv~ntpw tnw~ ~
~ to tM nsp~ctlw 1»h. Ip~l rp?N~ntNNM, woc~won wd ~!pM of tFM p~ttlN INtMo.
= Md uld Morpaoon, lw tlwnwlvN and ti»k M4s. Ipd nprwnatiw~, suttason a+d ~wipir, hu~ jointlr ~nd Nwtdly eov~ewnt and pn~ ~
~ ro ~nd wkA tIN Mld MOtTGAGEE. iM WaMwn snd Naipea: -
; to P.y •n an/ s4~pdn dN prtndpal ~nd fnt~r~n ~nd tM wrioua ~nd wedry .w+~. of ~+a+.r wr•a. by ~.+w ot ..w P.oTt..o.r ~a., and ~
~ mor+o+p~• ~~cl~ and w~~?. 0?anPth on th~ d~1?~ ~MP~ctiv~ly th~ s«n~ wwrdlr b~can~ dw.
~ Z To par .II ~nd ~kqula tM t,~, a~M. IwM~. Wb11~?iM, eblipntona ~nd ~nunnb~na~ of ~wry n„ur~ ~nd kM~d now on wld d~wbd
~ ~.op.rt~r, a M~a+ hwwh~r nwy b~ knpoN/, wffp~d, pl~ad. Iwl~d. a~~d ~h~rwn. a th~t Mn~h~? nNy b~ IwNd a~~i upen 1hY MwIP
.y~, w tlw M~d~budeMM wa+nd Mnbp. Nd? and tv~rp, wh~n dw snd p~yabb, ~otordlnp M bw. b~fan thhr b~oenr delk~qwnt. ~nd b~ton ~ ktl~?~a
' e~r~cht~ w~~y pendty ir Intwr~d~ AND INSOFAR /1S ANY TMEREOF IS Of RKORD TME SAME SHAII 6E ?ROANTIr SATISf1E~ ANO DISCMARGE~ Of
~ RECORD AND TMf ORIG~NAI OffIC1Al DOCUMEM (St/CM A3, fOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTIQN PA?ER OFFfCIAIIY ENOORSEC
OR CERTIFIEO) SHAII dE PUCED IN 1ME HANOS Of SAIp MORTGAGEE WITMIN TEN DAYS NEXt AFTER PAYMENfTt and in tM ~wnt th~t ~ny tMnof b no~
o.~d. ~a+:~fid ~nd diKhup~d s~Id MORTGAGEE may N~ny tim~ p~y th~ ~~nr a~ny p~rt tMr~of withow w~ivinp a aff~etiiq aeqr option, U~, ~qviry a
.~~?,r und~. w by vinw of thH mo?tpp~ ~nd tM fvll ~mo~nr of •~ch ~nd ~v~?~ wci~ paym~~t ~hall b~ ~~+m.dNt•ly dw •nd p.r•b~ ~nd ~11 bNr IntKen
~ t.om tM d~t~ th~r~of until paid n nf~ of nin~ p~. c~nrum p~r a,ewn+ ~nd ~oqNMr wlth wd~ 1niMNt ~MII b~ wcw~d bp 1M tNn ef Mb n~ae~~.
~
r
~=..z. - `