HomeMy WebLinkAbout0742 ~-~~w~~J~
_ THIS INDENTURE. hlade tha ~ttl , d~~ oi ~1~`-~ ' A.D. 19?S . between
_ Kenneth L. Drumm~nd, a sin~le adult ~ -
of - St. I_~~,~ County Ftor~da, hereinaher desicanare:l as the "MpRiG~GOR," and F;RST fEDERAI SAVINGS AND IOAN
ASS4ClRTION OF fORT PIERLE, a corpo.at~on organiied and rzisting under Iha laws oi the Un~ted Staroa oi America and having it• principai place of
bvsiness fn ihe City of fort Pierce, Sr. lucie County, florida, I.ereina(ter des~gnated aa ihe "M.ORiGAGEE: ' . ~
' WHER~AS 1he h10RTGAGOR is jusfly indabtad to 1he AIOR:GAGEE in Ihe s~m of S 1G~~~D.J_~Q_____~_, good and la~~ful money of the Unlted
States advancad by the MORii~AGEE untu the h10kiGAGOR, ai evidanced by a<erra~n prorn~ssory note af eve~ datc herewi~h, oF wh:rh the following in ±
w•ords nnd (i~ures is a true copy, to-wil: ~
; ~6~QOO.QO ~ No 13QU0033 '
Fort Piercc, Florida, ~~a Y 6s _ 19?
S ~
For valur ~eceived, I, ~ve or either of us, prom~se to pay, ~vithCVt defa!cation, to tha order oi fIRST fFJfR1l SAVINGS AND LO:~N ASSOCIP,TiON Of ?
' i
FORT PiERCF. at Fort Pi•:rce, Flo+ida, the scm or t_~16sQ_QQ~QQ_____ ~ti,th intcrest (rorn date af the rate of 8-a.2~ per annum, in monthly install-
m_nts as ror~w:: S- 142 ~QQ~ on ~ha _?Qthday of ____n~_St ;0_7~ and o like sum on 1ha cor~espond~ng day of each month thera- ~
a(Ier until the who!e be futty paid.
Eath installment lirst shall be appl~ed in paymenl of Ihe inte:est anJ tl~en on ti~e unp~id balance of the principal sum. If default is made In the •
_ paymeM of ~ny instatlment v~her~ due, and such d=fault continues 30 days, 1F.?n at th~ opti~n of thz holder, and without any other notite, al) Ihe temaining
ins?al!rr.~nt: shall be due anJ payab'e at once. Privilege is given ta prepay th~s note in vrhote or in par~ al any tirrie witfiout penalty. Neqithe~r ~lorebentance,
nor acceplante by the hofd~r thereof after a~y dzfault in any paymer,ts hereon, sh~~l be dcemed extension. . A lats paymenf tha~ge of S- 1~! sha11 bc-
added to each~instalhnent remain~ng unpa;d 7 d.~ys afrer its due dale, and a IiRC svm shall ba added te each such installmen! remaininn unpaid 7 days after
each succeedin~ payn:ent date. .
Eath maker, svrety anJ endorser hereof, joEntiv and saverally. vfaivcs demand, presentment protest and notice of Frotesf for nonpayment, and further
agrees to any extension of t~me of paymcm, eithu before or aFter r~iatucity, ~vith~vt notke to any of us; and to pay all c~sts of cc~llection, inctud~ng a
' reasonabie atiornay's fee ~n the event of any d~fautt hereander, and hereby severally ~vaives~all benef~t of homestead and exemption under the constitution -
and laws ef each S~ate of +he United Statzs, as againsf this obl~ga~ion cr any extension or renewa~ hcreof.
~
ltiitness the hand and sea: of each p~rty. _ - -
• • . s/'Kennefh ~ L. Drummond ~ ` (SEAL)
~ ~ a single adult ~SEAL)
. • (SEAI)
~24 00 - _ (SeAI)
~ • ) State Reverue ~ - _ • _
(Sr1~aw'p~+Nnc~1Fe~ ~~r rri9i~sf-nete) _ .
NOW, THEREFORE, the MORTGAGOR ior the purpose of securirtg payment of said sum of S lb ~ ~OO and the performance of the
- covenants and agreements hereinafter expressed, and for divers good and valuabfe cens+d~rrtions, by these presents, dces grant, bargain, sell, remise,
releasr, comey a.^.a cont:rm unto ~he MORTGAGEE, its s~<cessors and assigns, a!I that ceriain lot, piece or parcel of land, tituate, lying, and being in fhe
Co~nty of Sf' . j,i~~=14? , and State of- Ftorida; des:r;bed as follows: - . .
Lot 5~ .Unit- 4~ PINAR .SUIiDIVISION as recorded in Pl.at [io~kl6 _ -
Page 9, oF the pub2ic re~ords af St. Lucie County~ (<lorida _
- _ _ ayos` -86a-doas"-ao%
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~ ~~-~~,vN`~,~,;~ _~;~~d i,:~.J.:~ f_ ~
•r ~ ~=s? ~ ~ : ~ - . _ . _ ~ . ~ - -
~ ~ : _ - T OF Th:*.c:
-rZfGEf'YE[~ IN PAYME
- < ~ Fg,, / - - ° - L PRO~En~r~ - - -
- _ - DUE ON_GLASS 'C INTANGISLE PERSOt1A
G ~ ~ ~ ~:.if -
~ " - FURS~l1MIT Ttl GNAPT~R 7i•134, ACTS Of ly/1~f:-~y -
o - ROGER POfiRAS /
CIEftK ~iRtXJR COUlCi; ST. f~UCIE C0~ FLA,
. ~
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togeiher w~th afl and s~r,gular th~ tenements, hereditaments and appurtances thereunto oe~ongi~s3 ar in anywisr appertaining thereto, and all rents, issues, ~
prcceeds ar,d pro(its accruirg and to accrue from said premises, all of which are included in the above and foregoirx~ description artd habend~m. ;
.
, TO }tAVE AND TO NOLD the above described anc granled premises ~nto the said MORTGAGEE, ifs successors and atsiges forever. And ihe said x
MORTGAGOR for heirs, exetutors, administrators and assigns, hereby covenanis with the said MaRTGAGEE, its waes~ors and sssignf, ~
ehat lawfully se+zed of the said premfses in fee simple; that the iame are tree, dear artd discha~ged from all liens. and enrvirr
brantes in Ijw er in equity, and that~___ will and h15 - heirs shall warrant and defend the title to the same to the said
MORTGAGEE, its wccessors and ass:gns, forever against the lawf~! dai~~s a~~d demands of sl! persona; ' .
PROYIDEC, ALYJAYS that if tF.e 1~tORiGAG02 shal!_pay unto the MORTGAGEE the pranissory note hereinbefcre dtsuibed and shall trvly, promptly '
' and_ i~ily perform, disch3rge, exec~tz, comptele, comply with ar,d ab~de by cach and evesy ihe stipolatiar.s, agreements, conditions ar.d covenants of said
promissory note and oi this Mo-tgage, then this 1'Aortgage and the £srote hereby created shall cease and be nufl and void. Q,`
IT IS UNDEfi"sTOOD !hat the word "Mortgagor" whethec in the singular or plura) anywherG in this Mortgagp, shall be sinyular if one only and ~°yp
shali be plural ~r.intly and sevzrally if more than or.e, and that the word "their" as used anywhere in this Mortg~ge thall be taken fo mean "his;' "hers," ~
or "its;' whereve: the context so implies or admits. Also, that wl~erever ihere is a referense in the tovenants and agreertier.ts hertin contained to any of
i the parties hereto, the same shall be con3trued to mean a: well as the heirs, legal representalives, tuccesso:s and assigns (either volunfary by act of tna ~
~ parties or involuntary by operation of the faw) of the same and that the covenants herein contained shall bind and the bertefits and advanteges inure ~
~ to ihe respective heirs, le~al. reoresentatives, successors and ass~gns of the parlies hereta ~ ;
• And.said Mo-tgago~s, for tF.emselves and fheir heirs, legal represenlatives, successors and assigns, hereby jointly and severally cnvenant and agree ~ ~
to and with the said h10RTGAGfE, its wccessurs and assigns: - ' - ~
1. To pay all and singular the prirxipal and interest and the various and sundry svms of money payable by virtoe of said promissoty ~ote, and fhii ~ ~
~
morigage, eac an every, prompily on fhe days ~esp2cfively ihe same severally becoTe due. ~C
- 2. To pay ail and singular the taxes, assessments, levies, liab~tities, oWigationi and encvmbrances of every natore and kind now on said deu~ibed
property, w that hereaiter may be impoted, suffered, piated, levied; or auess~ ~ thereon, or thai hereafter may be levied or assessed upon this Mort¢ ~
sge, or the indebtedness secured hereby, each ar.d every, whs~ due and payable, accarding to law, before thEy become delirquent, and before any interest ~
attaches o~ any penalty is incurred; AND INSOFAR AS ANY THEREOP IS QF RKORD THE SAME SHAII BE PROMPTIY SATi~fIED ANU DISCHARGED OF ~
RECORD AND .THE ORIGINAL OFfIC1Al DOCUMENT (SUCH AS, fOR INSTANCE, 1HE TAX RECEIPT OR THE SATISFACiION PAPER OFFICIAIIY ENDORSEC~
! OR CERT:FIEDJ SMAIL BE PLAC~D IN THE HA~ipS Of SAIO_ MORTGA(iEE WITHIt~ T[N DAYS NEXT ~FTER PAYMENT; and in the event that any fhereof is not ~
, paid, satsfie~! and discharqed sa;d MORTGAGf€ may at any time pay the same or any parl thereof withoul weivin~ or alfecting any option, lien, rquity w ~
.igfit under or by v~rtue of this mor~gage an~ th=_ tull amo~n! of each and every such pa~•ment shall be im=nediately due and payable and shall bear interest
~ From the date thereof untii paid at rate of nine per cemurr. per annum and together w~th wch interest shal! be secured by the lien of th:s morgtage_