HomeMy WebLinkAbout2443 ' y r
~Qf~'73'~ ~
22nd M , A.D. 1975~ between
1HIS INOENTURE, Made chr day of -
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- _~a~_~21Xt1 4a-M~~~~_aCld
C,l~Y1~8_Aa_~'1~~4Xf3~_h~LhllSbs311d~ ~ i
of St. Lueie CouMy Florida, hcreinafter desgnascd as Ihe "A10RTGAGOR;' ar~d FIRST FEDERAI SAVINGS AND IOAN 3
ASSOCIATION OF fORi PIERCE, a corporation organized and existing unJer the laws of the United StatQS of Americ+~ and having its principai place of
b~niness in the Ciry of Fo:t Pierce, St. lucie Co~My, Florida, hrreinaftet.designated as the "h50RiGAGEE:'
WHEREAS tha h10RTl~AGOR is jusNy indebted to ~he h10RiGAGEc in thF~ wu~ of t_ 4~ S~' ~ood and la~vful money of thr Un~ted
S~ates advancrd by ~he 1AORTt~*.rE[ unto the MORTGAGOR, as evid~no_d by a<rr!a~n Nromissory note ot evzn date herewith, of which the following in ~
words and figures is a rruo cop~•, to-~v~~:
= 44 , 800. 00 _ No_ 1.002 ].966
Fort Pierce, Florida, Ma 22 19~~
fur valua received, I, ~ve or eithcr af us, E~remise to pay, without defaScation, to ~he order of FIR51 FEDERAL SAVINGS AND IOAN ASSO~IATION OF
FORT PlEkCE ~t Fort P~crce, Horida, the wm of ;_44z800~~0 ~v;ti~ interest from date at ~ho rata of8!?5OO per annum, in monthly install- f
mznts as foi!ows: 3_369l~Q~ on th? 2ath day ef -~SePtembeY 19~5 and a like wm on the correspond~nfl day of each month there- 'f
alter wNil tF.c who'e ~e fully pa~d. j
Each installment first shal? be applied in payment of the intarest and then on the unpaid balance of tha p~inc;pal sum. If default is made in the j
paylnent of any installn:e~v when d~e, and wch defaufl <ontinues 30 dnys, then at rha option of the holder, and ~viihout any other nc~tice, all the remaining - ~
ins!a!finents shail ba due and payabie at once. Privilege is c~+ven !o prepay ti~is note in whote or in part at any time witl:out penalty. -~Veither torebearance, ~
~or acceptance by ihe hoider thereof aiter any default in any paymems hereon, :h3ll be dcemed extens~on. A late payment charge of S-~8~~Sshall be f
addsd to eech installment remaining unpa;d 7 days afrer its due date, and a iike :um sha!! be.added to each such installnient ramai~ing unN~id 7 days aFter ~
. each wcceeding payn:eht date.
Each maker, surety and endorser hereof, joinlly znd severelly, u~~ivei deman.l. presentment p:otest and natice of protest for nonpayment, and furlher ' ;
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agrees to any extension of tin,e ei payment, either before er aher n~arur~ty, vriti~aut no!;ce to any of us; and to pay all costs of collection, including a
reasonjb~e atterney's fee in tha e~•em of any dc'au;t hereur.der, and hereby sevcrally w;aives ali benefit ei homes!ead and exemption under 1he constitution
and la.vz of e~ch St,;te oF the United S~ates, as a~c~r.st this ob;igation or any e,~t~ns~on or renewal hereof. . .
Witness the hand and seal of each ~3r~~,. _ . - s/Jaeolyn L• MCCOYtS (SEAL)
• s Charles A.' McCorts csEAi~ '
(SEAU • i
$ 67 ~ Z O _ - , (SEAL) - ~
( $tate Rrvznu_ ~
(Staw~?r Mw~Fei~ ~ ~ri~j'w~~l ~vte? t
NO'J'I, THEREfORE, the MORTGAGOR for the purpose of ~curing paymem of sa~d sum of S~s800~O0 , and the pe?formancr of_the ~
covenants and agreemcr~ts he:cinafter expressed, and for divers geod and vatuable :ons~derations, by these pre3ents, dces grant, bargain, sall, rem~se, ~ -
refease, convey a~:d conf;rm uNo Ihe 1,AORTGAGEE, ifs successors and assigns, alt t},at certain lot, piece or parcel of Iand, situate, lying, and being in the -
tovnty of ~_~~a_1.e13G1~ end State of Florida, de~u~bed as follows: . t
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Lot 23, Block S~ 4AK8WOOD PARK UNIT_8-A, according to the plat thereof on file ~
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i~ Plat Book 11, Page 47, Public Records of St~ Lucie County~ Florida, ~
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. ~ti~ Gii GA~ `C I~T~h61$LE P~R~Y~L PRO~fR''Vc ~
. ~ }J~S17E3.T TG C!~P~ER 71-1~. A~iS Of 197~r,,., ~ - ~
- . - ~'O:3ER F'OITF'AS ~ ~
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together with alt and singular the tenemenls, h<_reditaments and appurtances theceunto belonging or in anywise appertaining thereto, and ail rents, issues, ~
prxeeds and profit: accruing and~ to accrue from said premises, all of which are inciuded in the above a~d foregoing descriqtion and habendum. ~
TO HAVE AND TO HOLD Ihe above described and granted prem~ses unto the said MORTGAGfE, its successon and assigns forever. And ihe ssid ~
hSORTGAGOR for --t~leiY_-__- heirs, executors, adminisrrators and assigns, here6y covenants with the said MORTGAGEE, its s~tcessors and aiiigni,
that -~h~x-~~g--- lav~fu?ly~ seized of :he said premises in fee simple; that the same are free, cleat and discharged from a0 liens and encvm- ~
bronces in law or in equity, and that tfle~ will and he~-r he:rs shall warrant and defend the title to fhe same to the said ~
MORiGAGEE, its successors and assigns, forever against the lawful daims a~d demands of atl persons; ~
PROVIDED, ALV'~AYS thar.if the 1~tORTGAGOR shall oay unto the MORTGAG"cE the promissory note hereinhefore desuibed and shall ttuly, promptly
arid fuSty perform, discharqe, exetufe, comp!ele, tomply with and abide by each and every the stipulatiens, agreements, conditions and tovenanls of said
prom;s:ory note and of this Mortgage, then this lAortgage and the Estate hereby created shall cease and be null and void. o~
IT IS UNDERSTOOD that ihe word "Mortgagw" whether in the singular or plural anywhere in this Mortgage, shall be singu!ar if one only and x
shatl be piural joiMly and severally if more than one, and that the wcrd "their" as used anywfiere in this Mortgage shall be t~ken to mean "his; "'htn;'
- or "its;' rnrhere:rer the con~ext so i:np!ies or admits. Also, that wherever there is a reference in the covenants and agreementt herein contained to sny of
the parties hereto, the same shall be construed to mean as well as the heirs, legat repre:entatives, sutcessors and assigni (either voluntary by ad of the
parties or involuntary by operation of the law) of the same and that ihe cove~ants herein contained shall bind and the benefits and advanlages inure
to the respective heirs, legal representatives, successors and ass'gns of the parties hereto. ~
And said Mortgagors, for themselves and their heirs, legal • represenfaiives, successors and assigns, hereby jointly and sevzrally covenant and sgree +Ti
to and with the said MORTGAGEE, its aucce:sors and assigns: ~ '
1. To pay ali and singular the principal and inter~st and the various end sundry sums of money payab!e by virtue of said promissory note, and this ~
mortgage, eac6 ar~d every, promptly on ihe days respectively the same severally become due. ~ ~ ~
2. To pay all and singular ?F.e taxes, assessmeits, levies, liabilities, obligations and enc~mbrantes of every nature and kind now on said desttibed
properry, or that hereafter may be imposed, suffered, place~, levied,_or assessed ihereon, or thnt hereafter may be levied or assessed vpon this Mortg- _ ~
age, or the indebtedness secvred hereby, each and Every, when due and payable, according !o law, !x(ore they become delinquenf, and before any interest ~
attachrs or any penalty is incu~red; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHAII BE PROhAPiLY SATISFIED AND DISCFI.IRGED OF ~
RECORD AND THE ORIG1hAL OFfipAl DOCUMENT (SUCN A5, FOR INSFANCE, THE TAX RECEIPT OR TNE SATISFACTI~N PAPER OFfIC1AllY ENC~ORSEO
_ OR CERTIFIED) SHAIt BE PLACED IN THE HANDS OF SAI~ I~ORTGAGEE W:iHIN i~N DAYS P~cXT AFTER PAYMENT; and in the event that any thereof is nat ~
paid, satsfied and dis:harged sa'd 11tORTGAGEE may a: any time pay the same or any part thereof withovt waiving or affecting any option, lien, equity or
•~Qht vrsder or by virtue of this mortgage and the iull amount-of each and every such payment shall be immediately due and payable and shall bear inierest
?rom the date thereof until paid at rate of nine per ~entum per annum and together w~th such interest sfia!I be setured by_the lien of th:s morglage.
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