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THIS INAENTURE, Mada the. 1Sth day oi ~ , A.O. '9~75~ between ~
Marian G~__DtcCormick~ forcner~_ Fiarian Gs_ Bruc~g~xna~_and
- _ _ - Ar~hur B„ McCormick~__h~r_hu~b~d _
of _ St~~+U____C~. County Flor~da, hertinaftar des~gnatrJ as the "h10RTG~GOR," and FIRST FEDERAt SAViNGS AND IOAN y
ASSOCIATfON Of fORT PIERCE, a corporat~on organizrd end ezis~ing unda? Il~o laws• of the United Statas of America and havlnfl its p~incipal plete of
ovsiness in Iha Cit f of Forl Piarce, St. lutin Covnty, florida, hereinafter desig~~ated as tho "MORTGAGEf." -
WNEREAS the MOP,TGAGOR is jwtly ind~bted to tha MORiGAGEE in the ~cm ~t s.39~_500i00.,V__, ~oed and la~vful money uf Iha Unlted 9
States advanced by Ihe 1J;GRT~AGEE unio the 1,tORTGAGOR, as ev~denc_d by a cerfa,n pramissory note of ~ven Jate hrre~vi~h, of vlh~ch the following in ~
words and figures is a trua copy, to-.ait:
, s 39, 500. 00 No 1002134~
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fort Pierca. Florida, hSdy ~.5 19 'I5 ~
for valua retaivett, 1, ~vic er either of ~~s, pro~r.ise to pey, v~ithout delalt.~~ion, to tt~e erdCr af FIRSi FEOERAL SAVINvS AND IUAN ASSOCIATION OF
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FORT PIERCE at Fcrt Piercr, Flurida, the s~~m of 5-___ • '
39 SQ~' ~OT____ .~:th ~nt~rest (rom Jate at the rate of 9
0,~ per annum, in mon~hty install•
mznls as fol!u.,,s: ~ 356~ ~ . on the?~th day or J~e ;q. 75_ and a like sum o~ the correspcnding day of cath moNh there- ~
after until ihe who!e !,a (uHy p3~t1. , _ '
Each installment first shall ha anp~icd in pay~r.ent uf the interest and then on the unF:aid ba!ance o( Il~e prinunal sum. If default is mada in the ~
paymznt of any >nstaUmenr when d~e, ar.d such d°faull coN~nues 30 days, th~n at the uplion of the holder, and ~vithout any olher noiice, all the remaining
installmen!s shall be due and p3yab'e at once. Vrivi+ege is grven to prepay th~s note in who!e or in pa~t at any tlme without penalty. . Neither forebearance, z
nor acceptance 6y the ho?dcr Ihereof after any default. in any payments hereon, sh.ti he dremed extens~on. A late payment charge of S_17 ~ 8O, Sha11 be ~
added Io each ~nstal6nent remainfng unpa;d 7 da•~~s after its dve date, and a lit~e s_~m shafi Le added to each sudi irstaUment tema~ning ~npaid 7 days after i
a
each succeeding P3ynl2nl C~3tB. ~ ~ Y
Each maker, surety and cnd~rser, hcreof, jointly and sevetally, •xa~ves dr~nand, presentment protest a~d notite of prolest for ~onpaymeni, and furthet ~
- agrees to any eztens~on of time of paymrnt, eit6er before or after maturity, vrifh~ut not;cc to any o1 uz; and to pay all costs of calRecticn, indvd~ng a j
reasenable attor~~y's fae ~n the evenr of any d•~(au~t hereunder, and hemby seve~atly ~vaives a!t benef~t of homestea~ and exemption under the constitufion ~
and la„-s of each S+ate of the Un:!ed St1*rs, as againsl ihis obligation or an~ axfension cr renewal he:eof.
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- ~vitness the hand and seal of each ~~arty. ~
_ ' ' ~ • . _ „ ~ s/~iarian G. M~Cormick, formerly Marian ~GA~> `
- ~ ~ ' Br uggeman SSEAL)
s/ Arthur B. McCormick - ~sEAi~ ~
SEAL) f
~S9~ZS ) Stjte Reven::e . ~ ' ~ ~
Ktr~f~+ ~~weY~.~ .ori ~i ~L. ~k: ) .
39 500 00 '
NO'JV, THEREFORE, the htORTGAGOR for thc purpose of securing Fayme~l of sa~d sum of S ~ • , and the performance of the -
covenants and agreements herain3fter expressed, ano for drvers 9ood ard valuable co~s~d:rat~ons, by these presems, dces grant, bargain, sell, remise, ~
release, convey and confirm unto the MORTGAGfE, its sutc~ssors and assigns, all t},at certain lot, piece or parcel o( land, situate, lying, and being in fhe
~St Lucie
- CouMy of • and State of Florida, desc.ibed as fo!lows: , 1
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'Lots 24 and 25~ Block '7~ SILVBR LAKB PARK ADDITION~ as per plat thereof on file
in Plat Book lO,.Page 8, of the Public Records of St. Lucie.County~ Florida~ ` ;
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RECEfVED ~ - dZ~ . ~
. DUE ON . ifi 'r~;::;_:i; C.- ;-i~±'a ~
CIASS 'C' t4LA1lGi4iLE r~?a;~,•.;E t-._~; t•=, ~
~ _ PURSUftNT TO CNAPT~R 7I-13~, q^t, ~ ` ~
• ~ GF L.t,
. RocEx ~a~T?•~;; ~I~ q
- _ _ CLfkK CIRC111T COURT, Sf. LUCIE f,r~, / ?
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together with ai{ znd sir,gu!ar the ter.err,en~s, hered~Saments and apFurtances thereunto belenging or in anywise appertaiaing thereto, and all ren9s, issues~;' -
proceeds and profitz aaru:r.g and to acr.ve from sa:d prem~ses, a11.of whi:h are induded in the above and foregoing das:ription and habendur.~. g
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i0 HAVE AtJD TO HOLD the above described and granted premises unto the said MORTGAGEE, its sutcessors and assigns forever. And the saTd }
their - #
MORTGA OR for heirs, executors, admin~strators_and assigns, her.by covenants :vith the said MORTGAGEE, iti svcceisas and assigru, ,
- ~h~~ _'t~ey are ia«•i~i~y seized of the said premises ir. fee simple; that the same are free, dear and discharged itom all liens and enturtr
brances in law or in equity, and that they will and thei.r t,e;~: shall warront ~nd defend the title to the same fo the said
' MORTGAGEE, its sutcPssors znd assigns, forever against the la~vful c!aims aro demands of all persons; . •
PROVIDED, ALWAYS that iF the MORTGAGO.°. shall pay unto the MORTGAGEE the promissery note herefnbefore desuibec; and shall 1ruly, promptly ~
anc3 fully perform, d~scharge, execvte, complete, comply with and abide by each and every the stipulatians, agreements, conditior~s and covenanis of said '
promissory note and of thii Mortgage, then this 1Aartgage and the Estate hereby created shal) cease and be null and void. -
- IT IS UNDERStOOU that the word "Mortgagrr" whether in the s~ngutar or plural anywhere in lhis Mortgage, ihall be singular if or.e only and - !
shall be plural jointly and severally if more than one, and that the word "their" as used a~ywhere in ihis Mortgage shall be taken to mean "h+s," "hers,". clcfr,.!"
or "its," .wherever the context so impties or admits. Also, that wherever there is a reference in the cover.an7s and agreementi herein contained fc+ any of px ;
the parties hereto, fhe same sF.a:l b•_+ canstr~ed to mean as well zs the heirs, Iegal representatives,- successas and assigns (either volvntary by aci of ihe ~
- parties or involuntary by aperation of the law) of the same and that 1he covenants herein contained sha~l bend and the benefiti and advantages inure ~ ~
to the respecti~e heirs, legal representativei, svcce<_sors and assgns of.the paities hereto. •
And said Mortgagors, for themselves and their heirs, legal ?epresentatives, svccessors and assigns, hereby jointly and severally covenanl a:~d syree ~
to and with the said MORTGAGEE, its svccessors and assig~s: -
1. To pay ell a~d singular the prirxipal and interesl and the variovs and sundry sums of r.wney payahle by virtue of said promissory .note, and this ~ '
mortgage, each anrl every, promptly on the days respect~vety the_ same severally become due. _
2. To pay ali and singvlar the taxes, assessments, :evies, liabilities, obligations ar.d encumbrances of ev-ry nbiure and kind now Qn said desctibed ~
properly, or that hereafter may be impotrd, suffered, plated, levied, or assessed tFxreon, or that hereafter may be levied o? assessed vpc~n ihis MortQ- ~
age, or the indebtedness secured hereby, each and every,.when due and payabte, according to Itw, before they become celinquent, and befo?e any interest ~ q
attaches or any penalty is incurred; APJD IN$OFAR AS AhlY THEREOf 15 Of RECORD THE SA1NE SHAIt 8E PROMPTLY SATlSFIEO AND DISCHARGED OF L
RECORO AND THE ORIGINAI OFFICIAL f1GCUMENi (SUCH A5, FCR INSTAhCf, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFfICIALLY ENDORSED ~
' OR CERTiFIED) SNAII $E PLACED IN iHE HANDS OF SAID lAORTGAGEE VJITHIN TEN DAYS NEXT AFTER PAYIAENT; and i~ the event tfiat any thereof is not -
, paid, sar'sfied an~ discharged sa:d 1.10RTGAGEE m~~ a. an time a the sarr~ or an art th r f itn
Y e eo w oul waiv~ or affedi an
' •iqh! under or by virtue of this mort a e and the (uli amount of each and ever tuchy P ~ ^9 Y option, (ien, eqvi~y or ~
9 9 y payment shalf be immediately due and payable and shall bear iniereit
Erom the date thereof until pa;d ar rate of n~ne per cenn~m per annvm and !oge~her w;th soch interest shall be secvred by the lien of th's r..t,ig!age.
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