HomeMy WebLinkAbout1954 ~ ,
THIS INDENTURE, hlade ihe_ lf)t}1 d~y of '~~1~' , A.D. 19 7~, between .
D~vid P. l:ellv__and ~:usan S. !_el~, hi.s tivife~
of St • t-uC7~e , Counfy Flor;da, hereina(ter designatecl oe tha "MORTGAGOk," and FI(25T fFOERAt SAVINGS AND IOAN
ASSOCIA?ION Of FORi PIERCE, e corro~ation organi:ed and exiiti~g under tha la•.~s of the U~iled St~tt~ of Amarita ~nd' having it~ principal place of
business in tha City of Fort Piercr, St. lvcie County, Florida, hereinaher des:g~ated ai the "A10RiGAGEE.'~? } t~•
~ WHEREAS the h10RTGAGOR is justly indebted ta the h1QkTGACEE in the sum of 5--~~1~~Q-eQn-___, good and la~viul money of the United
States advanced by the MORIGAGEE unto ihe ~!ORTGAGOR, as eviilanced by a car~a~n promissor~• note oi even datc fiare.vith, of v~n;~h the iollowing in
words and Figures is a true copy, to-~.it: •
s 32~~00.00 _ ~0 13000n~7 j
Forl Pierce, Flerida, ,t`~ V ln __19 75 - ~
For value ~eceived, I, ~~e or ei?her of us, prom~se Io pay, without defalcaNon, to ~he ord~r of fIRST FEDEkAI SAVINGS AND IOAN ASSfJCIATION OF
_ FORT PIERCE at Fort Pi¢rce, Florida, the su~n of 3~~ _..;;th ;n,arest from date at th~ ratc of 4s~ °o pe~ annum, in monthly install• ~
ments as fol!ows:-S- 272 _ on the ~~th day eF ~ JunE'- lq_?S _ anJ a like sum on Ihe ~o~respondl~g.day of each month there- ~
after until the wlw!e be fu~Iy pa~d. ~
Each installment first shall ba app~ied in payment of the inter~st and ihen on ttie unpaid balance of the princlpal sum. li default is made in the =
pay~nent ot a~~y ~nsrallment ~vhen due; and such dcfavit cont~nues 30 days, Ihen at the option of Ihe hoider, and ~vithout any other i~otice, all the remain.~g i
t
installmenis shall be due ~nd payab!e at once. Privilege is giv~n to prepay this r~ote in whole or in part at any time without penalty. Neither forebea~ance, ~
nor acceptance by the haldcr the~e~f after any deiault in any paymeMS heteo~, shaU be d~erned exter.sion. A tate payment charge of $_13 ~ 60 shall be
added to ezch instailment remaining ~npa~d 7 days after its due date, and a I~ke ~um shall be added to rach s:rch i~stallment reinaining unpaid 7 days after ;
- each suaeeding payment dare. ' - ;
Eacn maker, svrety and endorser hereof, jointly and severa!!y, ~vaives de~nand, p~esen?meM prolest and notice of protest for ~onpayment, and further ~
- agrees to a~y eatenson of time of payriznt, either 6=fore or after matvriry, wi~hovt notice to any of ur, snd to pay all costs of collettion, indud~~g a
reasonabfe atlomey's Fee in the event af any defavlt ficreunder, and hereby severally ~vaives afl benefit of homestead and ezempfion under thr constitufion .
and laws of each S~ate of ~he Uri~ted Sratcs, as agalr.sr this obl~gation or any extersion or rene~val hereof.
Wimess the hand and sea) of each parly.
~ ~ ~ . , s/ David P . Ke~l.y ISEAL)
~ ' lSEAI)
" ~ _ s/ Susan' S. Kell~v cseAi) #
( 48 • ~ ) State Revenue . (SEAL)
f5remps teneE•MetF-antTigirrar rnm+} - . - .
NO`N, THEREFORE, the A10RTGAGOR for the purpose of securing payment of said sum of S 32! `~O0 , nnd the performance of the ~
covenants and agreen:ents here~na(ter expressed, and for u~ve~s good and valuable cunsiderations, by ihese presents, dces gront, bargain, sell, rem7se, ~
retease, convey and confirm unto t1~e h10RTGAGEE, ils suc~essors and assigns, all tl~at certain lo?, piece or parcel of land, situate, lying, and being in the :
" CouMy of St . L'uCle and State of Florida, described as follows: ~
Lots 20 and 21f F?lock 13~ SILVFR LAKE PARK fi1~DITION~ as per plat fihereof on file
in Plat Fiook 10, Pa~e 8~ of the public records c?f St. I_uc? e County~ rlorida
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' tegether with all and singular t5e tenements, ~ereditaments ~nd appurtances thereunto be!onging or in anywise appe?taining lhereto, a~~d al! reNS, issuef,
p:oceeds and profits accruing and to accrue from said prem~ses, all of which are irtcluded in the above and foregoirtg desuiption and habendum_ _
TO HAVE ANa TQ t{OLD the above desc.~bed and granted premises unto the said MORTGAGfE, its svtcessors end assigns fotever._ And ihe said ~
their
650RTGAG02 for heirs, execvton,.administrators and assigns, hereby covenants with tfie said MORTGAGEE, its successors and asiign~, ~
'_they are
that - lawfully seized of the said prem~ses in fee~s~:nple; tFat the snme are free, clear and discharged from a!I liens ar,d encum-
brances in law or in equity, a~d that they wi0 and thelr heirs shali warrant and defend the tille. to the same to the said ~
MORTGAGEE, ifs successors an~ assigns, forever againsl the lawEu) claims and demands of all pe~sons; ' - - ~
~ PROVIDED, AlY~AYS that if the MORTGAGOR skall pay unto the MORTGAGEE the promissory note hereinbefore desciibed and shall truly, promptly
and fully perfocm, d~scharge, execute, comptete, compfy with and ab~de by each and every the itip~lations, agreements, conditions and covenants cf said ~
promissory note and of this ilortgage, then this Mortgage and the . Estate hereby created shall cease and be nvll and void.
IT IS UNDERSTOOD that the word "Mortgagoi' whether in the s~ngular or plural anywhere in this Mortgage, shall be sinyular if one only and o~ ~
sfiall be plural jointly and severally if more than one, and that the ivord "their" as used anywhere in this Mortgage sha11 br taken to mean "hi~; "'hers;' Q~
or "its;' wherever the context so implies or admits. Also, that wherever there 's a reference in the covenams and agreements hetein contained to any of ~
1he parties hereto, the same shall be construed to mean as well as the heirs, legal representativ_es, sutcessors and assigns (either voluntary by att of the ~
parties or involuntary by operaYan of the law) of . the same and tl~at 1he covenants herein contained shall bind and the benefits and advsntages inure ~
to the respective heirs, legal representatives, successors and asrgns of the parties hereto. ~ ~
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. And sa?d Mortgagors, for themselves and their heirs, legal ~epresentatives, successors a~d assign~, hereby joiMly and severally covenant and agree
to and wiih the izid MORTGAGEE, itf successas and assegns: ~
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' 1. To pay all and singular tha principal and interest and the vareous and sundry s~ms of money payable by virtue of said pramissory nole, and this 'T'
mortgage, each and every, promptly on the days respectively tha same severally become doe. _ ~ ~
- 2. To pay a!1 and singvlar the taxe:, asse:smenfs, levies, liabilities, obiE~ations and encvmbrances of every nature and kind now on said destribed ~
property, or thaf hereafter may be impoted, suffered, plated, fevied, or assessed thereon, or thai F?ereaffer may be levied a assessad upon this Nkxty-
age, or the indebtedntss secvred hereby, each and e~ery, when due and payablc, according to Iaw, before they become delinqvent, snd before ~~y interest ~ ~
attzches or any penatty is incurred; AND INSQFAR AS ANY THEREOf IS Of RKORD -THE SRASE SHAtI BE P4~!MPTtY SATISFIED AND DISCHARGED OF _ ~
RECORU AND THE ORIGIhAt OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SA~lSFACTION PAPER OFFICIAILY ENDORSED ~
OR CERTIFIEO) SHAI.L BE PLACED IN THE HANDS Of SAID MORTGAGEE YJITHIN TEN DAYS N'cXT AFTER PAYMENT; and in the eveM that any thereof is not ~
paid, sat"sfied and d:stharged sa'd h10RIGAGEE may at any time pay the same or an~r part thereof wilhoi~t waiving or affecting any option, lien, eqvity or
?iqht under or by virtue of th~s mortgage and the fu?1 amount of each and every s~ch payment shall be immediately due and payabte and shal) b~tar inferest
~•an the date thereof until paid at rate of n~ne per centum per annum and sogether w~th si~ch interest shall be secured by the lien of th:s,morgtaga
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