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1HIS INUENTURE. h4adr 1'r,e `^'$th__ d~y uf ~-~l An. 14_7_~_, brth~ecn
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- ~ DouUla~ C~_P2?yQtte and A~rmond P~}~~t~~.._his__wi~c:~__ -
of ______~.~s._~1~~.`~B Cour.Yy floiida, horeinait~r desi7ne~eJ as tha "1,tiORTGAGOk," and FIRSi FEaERAI SAVINGS Ai~O IOAN
ASSOCIATION Of fORT PIERCE, e corporatipn orga^.ized and rxisling und:r fhe la.+r~ oi the Untted Stat.t ef Amerita and having its principa! pleca ef
~vsiness tn the Citv oi Fo~t Pierce, St. iucie Coumy, fla`da, hereinafler de~t~nated es rhe ';MJRTGAGEE:' ~
Y~'HERiA$ tha l~10DTGAGOR is ivatly ~~debted to ~he MORTGAGEE in the sum of S_ 11 f!__0~! Q~ , good and lawfvl money of t'r~e Un:ted
$tates advarced by the /.10Rit;AGEE u~vo Iha h10RTGAGOR, as oviderced by a cNrtoin prom~uory nele o( elen date here.~ith, of which the iol~o.ving in
words and figureo is a true copy, to-wiL
sl l, 000• 00 No_ 1 U021305
- Fort Plerce, Flo:ida, ~ A~Y~1 28 _i9 75
For value rcceivrd, I, ~xa or eith~~r o( us, promise to pty, ~vithout deiatcalion, ~o the ~rder of fIRST FEUE~AL S:.VINL'.5 ANU LOAN ASSOCiATIC~N O~ ~
_ FOl:T PIEFCE at Fort Pierce, Flc.,rida, the wn: of S_ Z1 ~~0~~~ vvith ir~tt~est irom da!e at iha ra:e ~f g! per annum, ire cnunth~y install-
men~s as fol!ows: S_112~ ~U _ on the .?Q`'h day of JUIiP. ~g~5 r and a like sum on the carespond~ng day of eacn month ~here-
aiter until the ~rhola be fvliy paid. _ - °
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Eac~ install:;:er.F fint sF.all be applied in peyinrnt of the i~terest and then on the unpaid balance of the ~rinc:pal sum. If default is mada in the
pr~mrnt of ar,y installmznt when due, and such default continues 30 days, then at the option of the ho~der, ~nd w~thoul anv c+ther no~~ce, all ihe remainin j
~ ~ instalhnenls shall be duz and payab!e at once. P:ivilega is given to prepay thi~ note in whole or i~ part at any firne wilhe~t penalty. Neither forzbearante, ;
nor acceptance by the ho!der thereof affar any defauit in any payments heieon, shall be deemed extension. A late payment charge of S'S~ 60 shall be
added to ezch instaL'ment remair.ing unpaid ~ days after its due date, and e tike wm Shall Le ad~ed to each sucn installment remaining unpaid 7 days aiter - ~
each succeeding payment dare. - , -
Each maker, svrety and endorser hereof, jointly and severally, ~,~raives demar.d, pre:A~tment protest and notice o4 p:atest for nonpayment, and furiher
agrees to any extension oi lin;e of payme~t, either befora o• a(ter rnafurity, ~vitt~out not~ce to eny of us; and to pay all tosls o( collection, i~ tiud~ng a -
reasonable attomey's fec in the evem of any defaul! hereunde?, and hcreby te+erally waives all benefit cf homestead and exemption ur.der the constitution
and ?aws of each State of ~hc United States, as against this obligation or any extension or renewal hereof. .
Witne:s Ihe hand and sea! 4i each party. g~DOL1i~~a,3 C• Payett~ ~
. _ - (SEAI~
- - ISEAI)
s/Armond Fayett~ fseAiy ;
~ $16 ~ 50 j Staie Revenve - , {~EAL) :
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(S~uw~ts°wwalki ~ ~ri~iw~i.r~ - ~ ;
NQ`.Y, THEREFORE, fhe /AORTGAGOR for the purpose of securing paymenf of said sum of S 11 , and fhe performar.ce of the ;
_ covenants and agreements hereinefter expressed, and for divers gocd and valuabl: cons~darotions, by these pretents, do~s grant, bargain, sell, remise, :
release, conv~y ar.d concirm unto the ~dORiGAGEE, its au%cessors and assigns, all that ce.+ai~ lot, piece or parcel of land, situata, ~ying, and beEng in the . `
County of $t. Lueie _ Y and State bf Florida, de~c:ibed as follows: ' ~
Lo~s 7 and S, ~~ock 23~ LAWtit~iCOD ADDITION~ ~to the Ci~y of ~ort Pierce~ F~orida~ `
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as per p~at thereof on file in P1at Book 2, Page I6, P+iblic Recoxds of St~ Lucie - ~
Coun ty, Flor ida 9 ~~i /(o - 5-D'~- - f~dp/~p ~ ~
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tcgether with atl and siagula: the tenements, ~ereditam~nts nnd appurtances thrr~unto belonging or in anyv~ise Fppertaining thereto, and all rents, iisues,
( procee~s and prof:ts accruing and to accrue from said p:emises, all of which are included in the above ancl foregoing description and haber:dum: t
TO HAVE AND 70 H04D the above described tnd granted premises unto the said MORTGAGEE, its svccess.ars and ass~gns forever. Md the said ~
I . their ~
MORTG~,GOR for heirs, exccutori, administrators ar~d assigns, hereby covenants with the said MORTGAGEE, its s~ccessari a~d eiiign~,
that --=-th~( dre_ tawfully teized of the said premises in fee simple; that the :ame are fr~e, dear and discharged from all lie~s and Erw-urtr ~
bran:es in I~w or in equity, and thar the~ ,Ni~~ and heirs shatl warrant and defeni the title fo ihe tame to the uid
~ MORiGAGEE, its sucassors and assig~s, forever against the la,~vfvl tlaims and demar.ds of all penons;
PRO\°IDfD, ALWAYS that iE :he M7RTGR3t?R shali pay vnto the MORTGAGEE the promisscry nat3 hereinbefore described ~n~# she!1 truly,f promptly ~
and fuily perfo:m, dlscharga, execure, complete, comply with and abide by each and every the atipulaticx;s, agreements, conditions and cove~ants of taid
prum~ssory nota an~ of this MartQage. then this Mortgage and the Esiate hereby ucated shafl ceaae ~nd be null and vaid. ~
IT i5 UNDEkSTOOD thal the word "h5ortgagor",whether in the s~ngula~ or pfural anywhere_ in this Mortgage, ihall be singular if ona o~ly and p~ ~
aha11 be plural jointly aiid severolly if more th~n one, and that the word "tEtie:r" ai used anyv:here in this P~lortgage shall be taken to mean "fiis;' "hart,"
oy "i1s;' v~hero~er the eantext so irripfie~ or admits. Also, that wherever there is a referer~ce in Ihe covenantt an~' agreemeMt `~ertin corttair.ed to sny of
she parties hereto, the same snall be conitrved to mean as well a; ?he heirs, legal representatives, successars and atsigns (eitt ;r volemtary by art of the ~ v
" parties ~r involuntary 6y operat~cn of the law) oF . tke sanie and that- the covenants herein contained shall bind and the ?.enefits=and advantages inare ~ ~
ro the respective heirs, legal representatives, succea:ors and ass~gni of the oartiss hereto. ~
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And said lr.ortga~ora, for IhPmselves and their heirs, ~egal representatives, successas and assigns, hereby joinH. ard severallj~covena~nt and_agree ~ ~
to and with ihe said h10RiGAGEE, its successar3 and ass~gns: ' t~ ~
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1. To pay a!! and singular the principal an~ interest and the various rnd svndry s~~mi of money payable by virlue of said Qromissory note, and ihis ~
rr.aNgage, each and ~every, promptly on the dayi respecfively the :ame severally become due. _ F
2. Ta pay all arsd sing~lar the taxes, assessments, levies, liebilities, o5ligations and enc~mhrancei of every nature and kind r.ow on taid descr?bed !
property, or that herealter may be: imposed, suffered, plactd, ievied, or suesied thereon, ot that hereafter may be levied ot assessed ~pon fhit Mortg- _
age, _or the indebtedness secure~ hereby, each a~c~ avery, when dua and payable, according. to law, before Ihey be:ome delinoven~, and befare any interest ~
altzches or any peoalty is inc~rred; r>ND ~NSQFAR AS AN'/ IHEREQF 1S Of RKORD THE SAMf SHAlL BE PROA'PTLY SATISfIED AND t~ISCHARGFD OF
RECORD AfVD THE ORiG~NAI OFFiC1Al DOCUMENT (SUCH ~15, FOR I~iSTANCE, THE TAX RECEIPT OR THE SATISfAC110M PAPER nFFIC1ALlY ENQORSED
OR C[RTIFlED) SHAII BE PLACED IN THE HANDS CiF SAID 11tORTGAGEE WITHIN TEP~ DAYS NEXT AFTER PAYMENi; a~d in ~he event Ihat any thertof is ~ut
paid, sat'sfied rnd d~sc!~arged sa"d MORTGAGEE may at any t+me pay thz same or any pa~t thereof without waiving or affecting any option, litn, eqvity or ;
.iafi! unde: or by virlue of th;; mort~age and the full amount uf ea:h and every such payment shall be immed:ate~y dur and payable and shall ~ear interest !
;ro:n the date thereaf ue~il paid at rate of nin~ per centum per 8nnum and together with suc{~ interest shalt be aecured oy the lien of th:s morgTtge. - ~
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