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THIS INCENTURE, hlada ihe_ 4th dey ot June . n.~. ~9 75 be:Wee~ .
Joseph L. Watts and -Patricia L. Watts~, h~.s wife ~
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of St• ~'UCIe ~~County Floride, hereinaiter designaied as Ihe "h10RTQAGOR;' and FIRST FEDERAL SAVINGS ANO lOA!d
ASSOCIATION OF fORT PIF.RCF, a corporation organized and ezis?in9 vnder tha larvs of ~ha U~ited Statas of America and having i~• principal plue of
busines• in Iha City et Fort Pierce, S~. l~cie County, Florida, he~einafter designated as 11~e "MORTGAGEE:' , ,
~ WHEREAS tha MURTGAGOR i~ justly indebted to Ihe h!ORTGAGEE in iha suni ot S. 3O ~ SOO " ~0 , 9ood and lawful rnaxy ot Iha Un:ted
States a~vaoced by the h1'JRTGAGEE u:ito the h10+:TGAGOR, as evidenced Ly a cerla;n promissory r.ote of even data herewith, of wh~ch. tha foila~vinq In
words and tigures is a trua copy, tawit: 11000321
s 30,800.00 ~ June 4, No _19 75 ~
. Fort Pierce, Florida,
For valua reteived, I, we er e~~her of us, ptomis~ to pay, withnur de;a!caiion, to ~he order of fIRST fEDERti: u4VlhtGS AND LOAN ASSOCIATION OF
FORT PIERCE at Forf Pierce, fbrida, tha svm of S 3~ i8~~ 00 w+~f~ intartsl from dalc af the ratr of8!
?5°.6 per annvm, in moMhly install-
ments as follows: S'~~4' - on tha?Oth day ofJUly 19_ 75_ and a like sum on tha c~nesponding day of each month ther:- :
~
~ after until the tivhu!e be futly peid. -
Each installment firs: shall ba appli~d in pa~ment of the interest and then en the u~paid balance of the prlnupal sum. If default is made tn the ~
payme~t of any ins~att~nent n,rhen due, and such defavU continues 30 days, then at the op!ion of tha holder, and withoul any other notice, all tne remaining ~
installments shall be due and p~yab~e ot once. Privileye is given :o prcpay this note in whole or in part at any time w+lhout penalfy. Neither forebearance,
nor acceptar;e by the hotder thereof aftar any default in any paymenf~ hereon, sl~all be deemed extension. A late payment charge of S-~-2~ha11 be ,
added to each instaliment rrmaining unpa~d 7 days a(ter its due ciale, and a like su:n sh~ll be added to each svch installment.remaining unpaid 7 days aiter _
each suc.eed~ng payment c!ate. :
Each maker, surety and endorser hereof, joiMly and_ severatly, waives drmand, presentment protest and notice of pratest for nonpayment, and further .
• agrees to any extens~on of lime of payment, either before ~r after maturity, ~vithout notica to any of us; and to pay alt costs of collection, including a -
~easonable attornay's fee in the event oF anv default hereunder, and hereby se~erally waives all benefit of homestead and exemption under the constitufion
and laws of each Stata of the United States, as ag~inst this obllgation or any exten:ion or renewal hereoF.
Witness the hand and seal of each party. - ~ S~ Jo seph L. Wat t s _
(SEAL)
~
- ~ ^ ~ ~ atricia L. atts cs~~)
. (SEAI)
. . ~ . _ (SEAL) f
~4~. ZD 5tate Revenue ` ' s
_ ~~t~~s~~s~i - : _ . .
- NO'N, THEREFORE, the MORTGAGOR for the purpose of secu~ing payment of.sald svm of S 30z8o0•~ and the performence of iha _ -
covennnts and agreements kereinaiter expressed, and for divers good and val~a6le considerations, by these presents, dces grent, bargain, sell, remise,
release, comey an onfirr~~ unte, the MORTGAGEE, its wccessors and assigns, a:l that certain lot, piete or parcel- of land, situate, lyin9, and being in the
County af • LL1C1E ~ • ~
, and State of Florida, described as follows:
Lot 6, Block 1, LAKEWOOD PARK i1NIT 8A, according to the Plat thereof on fi2e
in Plat Book 11, Page 47, Public Records of St. Lucie County, Florida. ~
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_ . . . _ . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . REt~IVf~ D iN PAVIAQtT OF TAX~S -
p~ pH ~(pSS ~C' INTANGt8LE PE9SOi~tAl- PRQPf.RiY~
PURStJAN? 10 CW~PiER 71•134, ACTS Uf lytl. ~1~
' . _ - ROGER ~{317RAS
q.fRK C1kCt11T CDUR~~ Sj. LUClE G?., F4n
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:ogether with all a~d singular the te~ements, hereditaments and appurtances the~cunto ixfonging or in anywise appe?tainir~g thereta, and all ronts, issues,
proce~ds and profits accruing and ~o accrue from sa9d premises, all of which are included in the abor-e and for~going dexriptioti and habendum.-_
~ TO tlAVE ANU TO HOLD the above desu: -ed and granted premises unto the u7d MORTGAGEE, its succesiors and auigns forever. A•?d tM said
their
h10RTGAGOR (or F~eirs, execvte~s, administrotors and as:igns, hereby covenants with the said MORTGAi,EE, iti su:<essors and assiyru,
_the aYe
° that - lawfully seized of the said prem~ses in fee simple; thal the same are frr;e, ckar and discharged irom all liens and encvrtr "
t their
~ brances in law or in equi!y, and tha~th~y- w~~l and heirs shali warrant and dafend !he title to the same To the said
~ MORTGAGEE, its s~ccessor~ ar.~1 assigns, (o:er•er against the la~vfvl ctaFms and demands of all pcrsoni: - -
f _ PR7VIDEU, AI~YAYS that if tF.e MORTGAGOR shall pay unto the MORTGAGEE the promisswy note hereinbefore destribed and shsll truly, pronptly asp
' a~d {ully perform, d~scharge, execute, complete, comply with and abide by each and e+ery the stipulalions: agreementi, tonditions and tove~anfs of ssid
~ prom~ss~ry notr and of ~his lAort4age, then tt~is Mwtgage and the Estate hereby created shall cease and be n~i) and void. - ~ -
i I~s~
' IT i5 UNDERSTOOD tha? the word "Matgagor" whether in thc singular or plural anywhere in this lVlortgage, shall be siog~lar if one only and
- shalt be pSurai jointly and severally if more than one,~end thar the word "tFeir" as used anywhere in this Mwtgage shall be taMen !o mean "his;' "hen," #
o~ "ets;' v~6erever the contezt so 7mplies or admits. Also, that wherever there is a teferente in tl?e tUVenanb and agreements herein contained to sny of Q
II, - tF.e parlies hereto, the :ame shall be construed ro mean as well as the heirs, legal representativei, successon arsd as~igns (either volontary by ad of the
; parties or invol~ntary by operation of the law) of the a~me artd that the covena~tt Ixrein con!ained shal! bind and the btnefits and advantsges inure- ~ -
` to the respeclive heirs, Irgal representatives, successors and ass~~ns of the parties herEto. -
~ And said Mortgagors, for themsetves and their heirs, te~ai ropresentatives, wccessors and assigns, hereby jointly and sever~lly torenant and s~ree ~
to and wifh tha said MORTGAGEE, its successors and assigns: , -
~ l. To pay all and singular the prirxipal and iNerest _artd the various and svndry s~ms of money payable t• virt~e of said pranitsory note, snd this ~
- rtwrtgage, each and every, prcrmptlr on the days re;pectivety the same severa8y become dve.
~ 2. To pay a!I a~d singular the tazes, assesvnents, levies, liabiliiies, obligations and e~tt~mbr~nces of every natLra and kind now on said ~escribed
property, or that herea"tter may Ee imposed, suffeted, plated, levied, or auessed thereon, or that heresfter may be levied tx assessed upon this Mort¢
~ age, or tfie indebtedness secvred hereby, eacFi and every, when dve and payable, actordir~g to law, before they Excome delirtq~ent, and before any int~resl
attaches w any penalry is i~curred; AND INSOFAR A'• ANY THEREOf IS OF RECORD THE SAiIIE SHAII BE PkOMPTIY SATISf1ED AhD DISCHARGfD QF
RECORD AND THE ORIGIPiAI OFfIC1AL DOCUMENT iSUCH A5, fOR InSTANCf, iHE TAX RECEIPT Ok THE SATISfACiION PAt'ER OFFICIAlLY ENUORSED _
{ OR CERTIfIED) SHAII Bf PLACEO IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS.NEXT AfTFR PAYMENT; and in the evenf that any theteof is rto!
i- paid, sat's(ied and diuharged sa:d /hORTGAGEE may at any time_ pay the same or any part thereof without waiving or affecting sny option, lien, equity or
right under or by vi~tue of fhis morrgage and the fuli amount of eath and every such payment shall be immediately due and payable and shall beu interest
srom the date tnereof ontil paid at tate of -~~ne per centvm per annvm a~d togeth~r w~th sxh intereat shall be secured by the lien of th:s mw~4ye.
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