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Home My WebLink About0555 ~ THIS INDENTURE, Mada the 30th day of ~~`1~ 3' } A.D. 19~~~ be~we-n • • • • ; , ~ ~ Rir.hard Y. KrausP~~d Bt_heL~._KYa.us~T-ha.s=v~i~~ - - - of _ S~. LuC~~~ . County Florida, hareinafiet designated as ii~e "MORTGAGOR," and fIRST FEDERAL $AVINGS An0 IOAN ASSOCIATIQN OF Ft~RT PIERCE, a co~poration organized artd exist~n~ w~dar tha la~.vs of the Unitrd StatQS of An~crica and heving its prlndpai place of b~siness in Ihe Cit~ ai Fort Fierce, St. lucie Crvnty, Florida, hereina(tcr designated as the "MORTGAGEE:' v/NEREAS the A10RTGAGOR is justly indebted t~ the A10RTGAGEE in iho svm of S~}~~~ goo~i and lawfvl money o( ihe Un:ted States advanced by the 1.tORTGAGEE unto the htORTGAGOR, as evideiued by a ceriain promissory note of even date i,erew7lh, of wh~ch Ike (ollowing f~ words and figures ~s a trve topy, ta;wit: y S, c~00. OC~ ~ 10021374 ~ Fort Pierce, Florida, ~~v ~~0 19 75 For value receiveJ, I, wa or either of us, promise lo pay, without defatcation, to ~l:e order of FIRST FEDERAI SAVING$ AND LOAN ASSOCIATION OF FORT PIERCE at Fort P~erce, Florida, the svm of S. S~ O0~ - w;~1~ interzsl fra.n date at Ihe rate of 9• ~_'o per ann~m, in monthly instalb inents as fol!nws: S-~!OO ^ o~ ~F~ 20th d~y of _ July ~9 75 and e like sum on the coTrespond~ny day of each ma~th there- after ~nti! the whota Le fully paid. ~ach instailment tirst shaf) be appli~ in payment .of Iha interest and then oa !he unpaid balance of the princ~pal sum. If default ts made In the payment of any iostaltmenl whan due, and such defauli continues 30 days, then at ~he opt~on of the hoid:•r, and without any other nol?ce, all the remeining inotalln:ent{ shall be due and payab'e at once. Privite~e Is 9iven tu prepay lhis nme in whole or i~ part at any t~ma wilhout penaUy. Pleilher forebearonce, nor accepTarce by the hotdrr ~hereof after any de(avlt +n anr payments hereon, shall 6e deemed extensian. ~1 late payment charge of S 3•?0 , shall be _ added to ea~h i~sta~{mem remaining i+npaid 7 days aftcr its due date, and a like svm shafl be added to ea:h such installmeM remaining unpaid 7 cays affer - each succetviirtg pnyment date. ~ _ Each maker, sure~y snd endorser hereof, ;oinlly and severolly, waives dem~r.d, presentmenl protes~ and rtotice of proteat tor nonpayment, and fcrther agrees to any extension of fime of payme~t, either beFore or ~iter matcnty, •Ni~ho~t naiice to any of us; and ta pay a11 costa of collection, including a reasonable a~rorney's fee +n thc event oF any dafault hereundar, and hereby se~erally waives alI benelit of homestead and exemptio~ unde~ the constitution aiid laws of each State of the United States, as aya~nst Ihis obGc~ation or sny extens~o~ or renewal hereof. S~~ . - - Witness 1he hand and seal of cach party. ' ~ '~"s ~ ~ ~ ~ ~ ~ , s~Ftichard . p.~ Krause (SEAL) . ? . . . ' ~ (SEAL) ~ - ~ . . . . _ s/Bthel B. Krause ~sEAi~ - " . csen~~ ' $7•'SO ~ ) State Revgnue = . . (Stotflp!'tat'R2Mlc~'Otr"Ot~i~Tdt ftOte) . . ; NO'.Y, THEREFORE, the MORTGAGOR f~r the pu~posa of secvring payment oi~said sum of s S~~~~• 00 and the performance of the covenants ar.d agreemenls hereinattat expressed, and fo~ divers good a~d valuable consideraiions, "oy these presents, dxs grant, bargain, sell, remiss, release, convey and tonf;rm unto the MORiGAGEf, its successors and assigns, all Ihat certain lot, pieca or partel of land, situate, lying, and bei^g in the County of _St.- Lueie and State o( Florida, de:cribed a~ follows: - - ~ Lots 31 and 32 of MJRGAI~t S~JBDl;JISION, to the City of Ft . Pierce, accordi.ng to a ~ plat ther~eof rec~rded in Plat Book 7, ~t.page 35, of the public records of St. - Lucie Count Floriday 4 i~~~• y, ~ ~ ~C.~ U• ~"'C C` ~ « r ~TA~"~~- c:~ ~l._C~~~~?ICDA _ Y - - ~ ' ~Z . DOCUt~tENTARY~ ~STtiM P TA 1~. ~ - Z.~ . ~ ~z~~T. ~?~ti~;iu~ ` ~ _ ~ ~ - - - - .rG, '7~ ~ _ . ~~_~B -.~'~f~;~f' 0 1. 5 0 1 R' ~ -tt; ~ ~ _ • U ~ _ ' . , . . . . . . . . . _ . . - RECE(VED ~ IN PR'f1r1ENT OF TAXES - ~ DIlf ON GASS 'C INTANG{8LE PER90NAL PROPER(Y~ ~ - ~ • p~R$l{IINT 7Q CFiAPTER 71•13~4, ACTS OF 19)1. - - - ROGfR POfTRAS " ~ ~ - CLERK CIRCl11T COURT, Si. LUGIE C0, F1A r - _ . - 1 i ~ together with all and singufar the tEnements, Fered+taments and appurtances thereunto ~elonging or in anywise appertnining fhere!o, and all rents, issues, procezds a~d profits atcruin~ and to accrue from said premises, all of which are-incluc~ed in the above snd foregcing desu~ption ant) habe~dvm. TO HAVE AND 70 HOLU the above desuibed and granted premises unto the said MORTGAGEE, its succesfors arid assigns forever. And tM said t[le~.r l4lORTGAGOR for heirs, executws, administtators and assigns, hereby covenants with fhe said MORTGAGEE, its tuuessors and asiyna, " that ~-h-£'~--~L~--- lawfully seized of the said premises in fee simpte; that the aame are free, Qear and diuharged 4rom sll fient and encurrr _ ~ hran:es in law or in equity, and 1hat..thP~- will and +l'+pl~ he:rs shall warrant and defend ihe tille to the sbme to tha said MORTGAGEE, its ;~ccassors and assigns, lorever against ±he lav~ful claims and demands of all persons; - t PROVIDED, Al1tiAYS that if the h!ORTGAGOR shall pay unfo the MORTGRGfE the promissory note hereinbefore described and shsll truty, p:omp!ly ~ and tu!ly perform, d~scharge, execute, comptete, comply with and abide by each and every the s!ipula~ions, ayreemenrs, conditions and covenant: of s~id : promisswy nots and of this Mortuage, then this Mortgage and the Estate hareby created shall cease and be null and void.- IT ~S UNDERSTOOD that the word "Mortgagor" whether in tno singular or piural anyvrhere in thii /?~oeigage, shall be singular if ~ne only and sh~ll be plural joint!y and severally if more than one: and fhat the word "their" as used anywhere in tF.°s Mortgage shall be taken to mean "his; "'he-s," ` or "its," wherever the contexr so i:npl~es ~r admits. kiso, that wherever there is a reference in the.tovenants and agreements herein containtd to any of 4C` I{_ the parties hereto, the same sha11 be construed to mean as we11 as the heirs, legal represenlatives, svccGSSOrs and assigns {either voluntary by ~d of the ~~p parties or involuNary 4y oparation of the law) of the same anrl that 1he covenant:-hetein tontained s~?all bind ar~d the benefifs and advantayas irwrt ' to the respective keirs, legnl representatives, succeisors and ass~gn~ of the parties hereto. • ~i ; And said Mortgagors, for ihemselves arxi fheir heir~, legal represer,tatives, successors and auigns, ~ere6y join~ly and ieveraliy covenant and agree ~ ~ to and with the s~id k40RTGAGEE, its svccessors and assigns: - _ ~r? - e- 1. To pay a(l and singvlar the principal and intetesl and the various tnd svndry sums of mwsey payable by virtue oi said prortsiswry note, a:rd thi• ~ mortgage, each and every, promptty on the days respec~ively the same severally becomr du~. - ~ 2. To pay all and singvlar tfie taxES, assessments, feviee, iiabilities, obtigations and encvmbrarxei of every natvre and kind ~ow on ssid de:cri~ed property, or ihat hereaiter may be ~m~wsed, sufferrJ, placed, levied, o; assessed ihereon, or that hereafter msr bs (evied or ~ssessec vFon.this Mortg- sge, or the irvle5tedness secured hereby, each and every, when dce and paya5le, according to law, before they become delir?qoent, ~nd befwe any jntere~s v' ~ a?taches or any penalty is incurred; AND INSOFAR AS ANY THE2EQF 15 OF RKOR~ THE S!4ME SHAtI $E PROMPTIY SATi5F1E0 AND OISCHARGEQ Of RE~ORD AND TME ORIGIhAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE, ~NE TAX RECEIPT OR THE SATISFACTION PAPER OfFICiAtLY fNDORSED . OR CERi1FIED) SHAII BE PLACED IN THE HANDS Of SAID MORTGAGEE WITHIh TEN DlaYS NEXi AFTER PAYMENT; and in the evenl tha! t~~y ihereof is nW paid, saYsfied artd oischarged sa:d MORiGAGEE may as any time pay :he same c: any part thereof withaut waiving or afiecting any optio~, lien, eqvity or ~.iGfit under cr by virtue of this mortgage and the iull amount of each and every svch payment shall bt immediately due and payable and shail bear interest - From the date thereof vnti~ p~id at rate of nine per centum pe? annum snd togetF.er with s~ch interest shall be setored by the lien of th:s morgtaqe. . . ----_.__..___t