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1h15 IN~JiNTU3E. Aiade ~ha.._~~t~l day of _T_:.~~~Y;1- i..D. 19~_7.~~, bet,,~.en
.____~_-_~_---~ocly_L. Railev ~~nci C.1rc~lyn_:1. _It~iley:_ his ~cife
of ^ ~__~1U~ 1SK' CouMy Floric'e, :~ereina(fer des~~nated as tl~e '/.10RiGAGJR." end FIR~I FE~ERAI SAVINGS At:D IOAN
~ ASSOCIATION OP FORT PIERCE, a corporot:en organizcd and ezittin~ undrr Ih.e laws ~af ~he Un~ted Statos of America and having fts princip~l pijce ~f
bosiness fn the Ci~y of forl Fierce, St. l~cie County, Ftonda, here.nafte~ de~igra~eJ as ~h.a "h50RIGAGEE:'
1NNEREAS tha htORTGAGOR is jusrty incabttd to the MURTGA~3EE in the su~n oi 2~_s-~n~s_~U ~ood and ta,n~Eul money ~f the UnitzJ
S!ites auvanced by ihe R10R[G1~GE: ~~nto 1~~: ht.7kTGAGOR, as crid~nccd by a cerla~n prcmiisory nae oi eveii datr hereHith, 01 wh~ch the (ol;owing in .
~.vords and fi~ures is a Irue cup~, to-wih
s ??~200.OG _ . ,~0100?.I~Q4'
Fort P+erce, Floridt, - ~~~r ~1 2f' ^--~9 ~ 5 .
for value recaived, 1, or either of us, prom;se to pay, ~.ithou+ defalcaron, to me ordr. of FtFST fEDERAt SAVIPiGS AND IOAN A550CIATIe:V OF
FORI PIfF~E at fe;t Picrcr, Fl~riia, the sum ef S~?!_?.~G•~~-_ __~~;~h in!rrest fro~i da~~ et !he r*';~ of ~!_S',;, pe~ a~•^.um, in mcnthly install•
m:nts ~s folto.tis: f 22~_'~~ ~ on th.: ?nthclny of ___~~~n~ _ 1y--7
S anJ a Gke _um on tha correspond~ng day ot each r:ionth there- -
aiter ~~u~l thc who!e bc f„Ily paid. .
Each ins~ailment first shall be apptied in payme~i of the intecest and then on the u~paid balance of the princ+pal sum. If default is made in ihe
payment of any insta:~men~ wnen due, and such default <ontuives 30 days, then at the ept~on of Ihr hoider, and withoul any other mtic~, all :he remain:rg
in:taltments shat! tv,: due anJ payab'e a? oncr. .°~ivileg~ is given to p~epay th~s not~ in whofe or, in parl at any t~me withoui penahy. Ne]ine~ iorebearance,
nor acceptancc by the .holder there~F airer any. defauit in any payments hereo~, shall he deemed extension. A late p~yment charge af S-Z 1•~~ shall be
addcd to each installment rernaining ~~npa~d 7 days after its dua da!e, and a like sum sha!I be added to each such insiallment re+naini~g unpaid 7 days after
each succeeding pa~•rt:ent date. _
Each maker, svrety ana endors^r hereof, joindy and aeverally, w~ives demand, presentn;ent pro!esi and not-ce of arolest for nenF+aymeni, ar,d furlher
agrees to any eatension of tim~ of payment, eitner befo~o or after maturity, witl:out r.ot~ce t~ any of ua; an:! to pay a:1 ccsts of coll~aion, includ;ng a
reas~naute a+'arney's iee in Ihe event o! any defauls hercunder, and hereby severally waives a!I benefit of hamestead and exemption u~der the constitulion
and la.vs of ~ach S~ate of the Un~ted $tates, as a3air.st this ebligalio:~ or any extension or renev,al l.a~eof, - .
Witness ~he hand and seal of each pairy. • ~
. s/Cody L. Railey ISEA.I) _ i
_ _ _ (SEAIy
. s/f:~rolyn -A. Raile~ _ ~sEti~~
~ ~ (SEAI)
( CdiCl _Rl~ 5?ate Revenve_ ' _ . _ . - `
(S~arr~pr eewce!kd e~r e~el-nets) . •
~lp'.V, THEREfOkE, ths MORTGAGOR for ~he purpose of seturing payment of said sum of S_27 }2l~ • UL , and the performar,ce o~ the
- cov~naPts and agrear•ier.ts hereinalter expressed, and for divers good and ~aluabte ceasidaralions, by these preseat?; ~!ces graN, bargain, sell, remisa, .
release, coo-_ey and con`.rm unto the 1.10RTGAGEE, its sur_essors an~ assigns, a!I that certa~n lar- piece or parcrl cf land, situate, lying; ar:d being en the
' Covnty af St . I. UC le _ and State of Flcrida, de~cnbed ei foll~~vt: _ +
. - 6
' _ - ;
The South 12.5 feet of Lat 7., all ~f Lot 3 and the North 22.5 feet of Lot 4,
- f2lock 26, SAN LI1C'?E ('LA7_t> S(7RDIVISI(~iV, 1!~fIT 1, :?cr.orclinc~ to the pl,~t the:eof _
recorde~l in Plat Roo~c 5, pa~e 57 of the puhlic recorc~s . of .St , Luc ie Cowity,
F 1 o r i cl a ~ ~'S~a ~U~ • o~ni -~no/3 ,
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together with all and singufar_ the tene:nents, heradl:aments and appurtances ihereunto belonging or ~n anywise aFpertain:ng thereio, and all rcnts, isives,
procQed~ ano profits accruing 6nd te accrue irom said prem+ses, all of which are Encluded in the ab~ve and foregainy description and habend~m.
~ TO HAVE AND TO H016 the above dsscribed and granted premises unto the iaid MORTGAGEE, it• svccessors and assignt forever. And the sald _
MORTGAGOR {or he'us, executors, ndministrators and auigns, hereby covenants wilh the said h10RTGAGE% its s~cceisora tnd as~ignt,
the + are
that lawfully seized of ~he ~aid premises in fee simple; that tha same ars free, clear and discharged from al! liens and encum- ~
brances in law or in equity, and that thS.1L- w;ll and -~~.Lr heirt shall warrant and deferd the r;tle to the same to the ~aid ~
MGRTGAGEE, ~rs ;vccess~rs and assigns, forever againi! the lawfui claims and demands of aH persons; _
~ PROVIDE~, ALWAYS fhat if fhe /JlC)RTGr1GQR shnll p~y unto She MORTGAGfE the promissory note hereinbefore descr~bed and sheU truly, promptly ~
and. tutly perform, d~scharge, execute, complete, carnply with and abioe by each and ~very the :tipulations, agre~meMS, conditiens and covenaMs cf ~aid ~
promissory r.ote and of hhis Martgage, then this Mortgn~e and the E:tate hereby crealeu :hnll ;ease and be null a~d void. ~ G~
IT I5 UNDEDSTOOD tha? the word "hlortgagor" whetP~er in the singular w plurat anywherz in th~s Mortgage, shall be singular it one oniy and x~ ;
shall 6e pl~ral j~intty a::d severally if n~oro than one, and ~hat the viard "their" as used anyv.•hete in this thortgage shall be taken tu mean "his;' "hera;' ~
- or `:1s;' wherever the context so implief or admits. Also, thal whereve~ there is a referfnca in the covenants and agreernents F~ereir. tonteine~ to any of ~
the pa:ties hereto, the same shall be construed to mean as well as the heira, legal representativei, successors and assi9ns {either vo?untary by att of the ~ 3
partiES or invaluntary by operrtien af the law) of the same ond tha~ the covenanrs herein confained shall bind and tha beneFit• and advanteges inure ;
!o the :e3pective Feirs, legal rrpresentai~ves, s,ccessors and ass~gn~ of the parties hereto. - ~ ~
And said Mortgagers, for themsetves and their he+rs, legal representatives, svt:=ssors and assignt, F.areby joinHy and se~•erolly covenant and rg~ce ny -
t~ and wi~h tne ~aid P.10RTGAGEE, its seccessors and ass~gns: _ _ - I
- To pay al! and iing~lar tfie printipal ar.d interest and the var~cus and sundry sums uf ineney p~yabte by virtue of said promissory note, and ttiis ?
mor~gag~, ea.h end every, prcmptty on the days respe%t;ve!y the same severolly betome dre. _ ~ ~
_ 2. To psy all and ~ingula; 1F.e taxes, assessmeMS, levies, Iiabi:iYsts, obligations and mcurr.brantes of evety ~rturo ana kind navir on said desuibed ~ _
praperty, or that heteafter may ba impoted, suffered, pla;esi, levied, or assessed ~hereon, or that hereafter may be levieri cr asseised upon this Morig• "
- a~e, or ths indebted~ess secured he~eby, each and every, when d:,e and payable, according to law, beiare they become definquent, and before any interei~
auaches or any pznaity is incurred; kND INSOfAR AS ANY iHERE~F IS UF RECCRD IHE SAh1E SHAiI SE PR011lPtl'! SAi15fIE0_ AND DISCHARGfU OF _
~ RECORu ANU THE OR!GlhAt OFfICIAI DOCUti1EN3 (SUCH AS, FOR INSTkRCE, THE TAx RECEI?i OR THE SATISFACTIGN PAQ,EP. OfFIClAtIY ERDORSED
OR CERTif1ED) SHACt BE DIACED IN TNE H4N~JS Of SAID MORTGAGEE 1+lITHIN TEN DAYS NEXT Af:tR PAYMENT; and in ihe eva~t that any lFereoE is not
Faid, sa~'sfied and discha~ged said A10RTGAGEE may a~ any time pay the sarr~ or sny parl thereoS without waivir;3 or affeUing en~l o~fion, lien, equity or
riqht under or'by virtue of th~s martgage and the full amcunr of each and every suh payn~ent shai! Fie immedinte(y due and payable ~nd shal) bear inte:est ,
~~o~n the date thereof until paid at rate of nine per tentum per annum and together w~tF. such interest shall be setu:ad by the lien of Ihs mOt~t~yp_ f
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