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Home My WebLink About1446 , . , . ~ . ~_~~~~~2 TH15 I~vDENTURE, l~lade the 6th day of Ju_'_~t_e ~ A.R 1975_, betwee~ l~ichard ~i. Smith andWF3etty L. • rnith his_ wi.fe of St • ~LLCle _~_v County Florida, herainat~er desiyn~ted as ~ha "h10RTGAGOR," and iIRST FEDERl~I SAVINGS AND IOAN ~ AS`-~OCIATION OF fORT ?IERCE, a corporatlon organized ar~d exist~rig under the la•xs of the Un~ted StatQS of America and having •iIS principal plnce o~ business in 1ha Ci1y of Fo~t Pierca, St. lacie County, ftorida, h:reinafter designated as ~ha4iM}ORIC~A~:EOO , _ WHEREAS the MORTGAGOR ii justly indabted to the h10RTGAGEE in the sum of 5--- ~~~U good and lawful mon~~ ~i iho lMifed States aslvanced by the ldGRTGAGEE unto tha f'tORTGAGOR, as evidrnccd by a cer~a;n promissory note of even date herewith, of v+n~ch the following in words and figuros it r true copy, to-~+iR ~44,000.00 . N1100U324 Fort Pierce, Florida, `june 6~ lq~s for valve re<eive,~, 1, wa or cither o( vs, promise to pay, ~vithoui de(alca~ion, fo if~e arder of fIRST FEPERAI SAVINGS AND LOAN ASSOCIATION OF ~ FORT PIERCE at Forl P~erce, f?oridn, ?he wm or S 44 ~~00. w.;~}, ;,~t,;~es! from date at Ihe rato oi 8• Soo pe~ annum, in monthly instaN- ments as followa: S_3SS . on the 2Ot hday of t~ eltlber 19.75_ anJ a like :um on the coiresponding day of each mo~lh there- aker until~the who!e be {ully paid. ' Each installment firs~ shal) be app~ied in paymenl of_ the inleresl and thcn on the unpaid balance of the princ~p~l sum. If defauh is made In the ~ paymen! of aiiy instaf;ment when due, and such drfaull conlinues 30 daya, then al the oplion of the hotde~, anJ without any othet notice, all the remaining insta~InteMs shaU b? due and Fayab!e a1 onca. Privilega is 9iven to prepay this note in who!e or in part at any fime without Fenalty. Neithet forebearnnte, nor acceptance Ey the ha!der thereof aite- any defauh in'any payments herec~, ::~a!! he deemed eztension. A late Fayme~r charge of Sl? shall be added tu eoch installment remaining unpa:d 7 days afler its due date, and a liAe s~m sha11 be added to each such installmen! remaining unpaid 7 days after each wcceeding payment date. - • Each maker, surety and enJorser hereo(, jointly and severally, ~vaives dcmand, prezenfinent protes~ and notice of protest far nonpaymenf, and further agrees to any extens~on of time of paynient, eiiher b:fore or after mal~~rily, •x:ihout notice to any of us; and to pay aH cosls of coflection, incl~ding e reasonah!e attorncy's fee in tha er•ent oF any default hereunder, ~nd hereby saverally waives a~l benefit of homestead and exea+ption unde~ tha constitulion and laws of each State of tha U~~ited Ste~es, as against this obligation ot any extension cr renewal hereof. • _ Witness the hanJ and seal of cach party. ' ~ _ ~ v V N ~A~lMENT~OF'Y~~! . ~ S/ Richard `S. SlIIlttl (SEAI) Ett~Y, ' (sea~) ! RECE1~ t5~?;~At P`•.0': - O~ OK C~'~' INT~~iBIE p~jS ~ 1~1~~;~~ ~'"S Betty L. Smi th tsEn~~ ~ y{APtER Tl•134. - ~$6~c~fi?~~ - Stat~~7~~u~~t C1RCU ~1~~s ~1E COy Fl~ . - ~ (SEAI) . ~ q~RK 44 000.00 NO'N, THFREfORE, the MORTGAGOR for the p~rpose of securing paym~nt of said su.m of ; ~ , and the performance of the covenants and agreements hereinafter expressed, and for divers good and valuab!e considerations, by. these presents, dces gran?, ba~gain,. sell, remise, - s - release, convey and confirm unto the MORTGAGEE, iis successors and assigns, a:l fhat"certain (ot, piece or pnrcel of land, situate, lying, and bring In the ; County ~of Sx. LL1C1@ aad State of ftorida, described as follows: . From the Northwest corner of Block 20 of RIV~RUALE YACHT CLUB ESTATES UNIT 2, as.per plat thereof recorded in Ylat Book 6, page 40, "~t. Lucie ~ County, Florida, public records, run thence North 15 feet; thence .westerly,~parallel to the north line of said Block 20 extendEd wes~erly 318.3 ~eet; thence S 23°11!. W 77 feet; thence South 24°59'W 76.7.feet to the point of beginning of the tract herein described; From said Foint of ~3eginning,.run South 29°15' W, 100 feet; thence. _ S 34°10' 10~J Feet; thence north 50°~4' West 125.8 feet to the - East bank of the North Fork of the St. Lucie River; thence meander- _ ing the East bank of the North Fork of the St. Lu~ie Riv~r, run-N ~ .36°23' East, 104.4 feet;~thence N 88°35' 140 feet to~the point of beginning; the same being a-~art pf Lot 216 of the Plat of WHITE CITY, as per plat thereof recorded._in Plat Book l, page 23, - - of the public records of St. Lucie County, Flori~3a, TOGETHER with an easemer~=: for egress and ir.grpss over, upon and across the properfiy descra.bed in that cer#ain~Warranty Deed recorded in Deed j Book 203, page 6].,~ public records of St. Lucie County Florida; ~~{05~- ~as = A~ 3 ~~o~~ - _ . Above-described property als~ being kn.own as Lot 3 of an unrecorded - ~ plat of Torulinsons Plat of part of Lots 215 and 216, White City, together with all and singular the tenements, hereditements and appurtances thereunto belonging or in anywise appertaining thereto, and all rents, issuei, ~ ' proceeds and prof~ts accruing anJ to accrue from said premises, all of which are incl;ided in the above and foregoing desviption and habendum. ~ - TO HAVE AND TQ HQID the above described and granted premises ~nto the said MORTGAGEE, its successors arxl sasigns forever. l~nd the said MORTGAGOR for ---thQlr---- heirs, executors, administrators and a:s~gn:, hereby covenants with the said MORTGAGEE, its suttessors and suigrts, - tne are - that Y------- lawEully seized of the said prem~ses in fee simple; tha! the same are frte, deer and discharged from ell licns snd enc~tsr brances in !aw or in equity, snd that they _ w;~l and thP1Y - _ heirs sha!I wnrrant and defend the title to the ssme to the said - r MOFTGAGEE, its suctessiors and assig~s, forever against the lawfu) daims and demends of all persorts; - ~ PROVIDED, AUY~AYS that ii-the MORTGAGOR shall pay unto the 1dGRTGAGEf the promissory note heteinbefore described and i!~all irvly, pro.~npily - and f~lly perform, d~scharge, execute, complete, comply with znd abide by each ar.d every the slipulation:, agreemeMS, tqn~itions and covenants of said prom~ssory mte and of this MortgaQe, then this Illortgage and the Estate hereby created shatl cease and be null and void. oG t~ IT IS UNDERSTOOD that hee word "/~lurtgagor"_ whethE~ in the s~ngular ~r plural anywhere in th;s Mortgage, shall be sSngulu if o~e only and shall be plural jointly and severatty if more than o~e, and that the word "~he~r" as used anywhere in this Mortgage shall be faken lo mean "hi~;' "hen;' ~ - or '"its," vsherever tFe contex~ so implies or admits. Also, that wherever there is a relerence in the covananls and agrrements herein coNained to any of ~ the par?ies hereto, the same shall F,e construed to mean as well as the heirs, le9al tepresen!atives, wccessors and assigni (either voluMary by ad of the ~ parties or invo!untary by operation of the law) of the same and that the covenants herein contained shall bind and the benefiti and sdvantsges inv~e Lr to the respeclive heirs, legal representatives, wccessors and asrgns of the parties hereto. ro And seid Mortaa?ors, for tfiemselves and their heSrs, legal representatives, successors and assigns, hereby jointiy and severolly covtnant snd agree ~ to and wi:h the said MORTGAGEE, its successors and assigns: - ' ~ . 1. To pay all and singular ine principal and interest and the vari~~s and sundry sums of mor.ey payable by vitfve of said p~omissory note, and ihis ~ ~ morigage, each and erery, promNtly on the days respettively the same severally become dve. . - 2: To pa~ ali and singular the saxes, as:essments, levies, liabilities, obligations and encumbranc.s of every ~ature and kind now on said descrilxd r w , property, or t~at F~~reatter ray Le ;•i~a:s~, ;.!a:ea, !c•rSc3, a. s_~ lhere!+~, er that Fxreafter may be lewied or assessed ~pon this Nbrtg- ~ age, or the indebteoness secured hereby, each and every, when due and payable, ac<ording to law, before tbey become deli-?qvent, •nd before an~r interest , altaches or any penalty is incurr_d; AND INSGfAR AS ANY THEREOF IS OF RKOltO THE 54ME SHAII 8E PRdMPiIY SATISFIED AND DISCHARGED OF - RECORD AND THE ORIGINAL OFFICIAL OOCUMENT (SUCH AS, FOR INSTANCE, TNE TAX RECEIPT OR THE SATISFAtTION PAPER OFFICIAIIY EtJDURSED OR CERTIFlED) SHAII BE PtACED fN THE HANUS OF Si11D MORTGAGEE WITHIN TEN DAYS MEXT AfTER PAYMENT; and in the event that any thereof is ~ot pai~, sat:sfied and discAarged sa'd /A~JRTGAGEE may at ary t:me pay the aame or any part thereof without waiving or affectiwg a~y option, lien, eqvity or t .iqht vnder or by virtue of ihis mortgage anc~ the full amount of each and every such p3yment shall be immediately due and payabla and shall bear interest i ~rom the datt thereof ontil ps;d at rate oi n~ne per centum per annvm and toge~her w~th such interest shall be secured by the lien of th's morgtayd_