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' ~ ' CORRFsCTIVR ~lOR1~GAGB `Y ;
1~~~t~ ?
~
THIS INDENTURE. Mede ihe 2nd day of ~ ~ JUR@ q.p, ~q~.~, ~etween
~ Georqe tV. L~ns and Glei~da K. I.anq* his wite
of St. Lucie County F~u~ide, heteinaftet detignated as the "MCURTGAGOR;' And FIRST fEUF.RAI SAVINGS kN0 IOAN `
ASSOCIATION OF fORT PIERCE, a ce,poretior~ ory~niaed •nd existing undr~ ihe laws of the United StetQS of America an;! heving it• princ(pal place of }
buiiness in rhe City of forf Piarce, St. lu~Je County, `riorida, hereinafter de~iynated as the "h1(~RiGAGEE:' , ;
• WHEREAS Ihe MORTGAGOR is (~uly indeEted tc the MORTGAGEE in the sum of S 26 ~ OOO. flood ard law(ul a~oney oi the Unlted ~
State~ edvanced by the MORTGAGEE unto the MOkTGAGOR, aa evidancrd by a certai~ promissory nola of even date he~ewith, ~t which ihe (oilowing in
wordi and figures ii a true copy, towit: ;
f~+,Q(?O . 00 _ No lOOZ 137 7 j
fort Pierca, flalda, -1?1~1~ ~ - 1975
For vaf~e received, 1, we or either of us, promise to pay, without defulcation, to Ihe ord_r of FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF
fORi PIERCE at Fort Pier~e, FloriJa, the s~m af 926~ with interest from date at the ?ata of 8• 7_~b per annum, in monihly inttall-
men~s as follo~vs: S~14.~0 ~he ZOt~l d,y oF September ~ ~9?S and a like sum on ihe correspond~ng day of each month thero-
a(ter ~ntil the whole ba fully pafd. _
Each instaliment first shal) be applied in paymeM or Ihe tnterest and ihen on the unpaid balance of the prinupal si~m. If defeult is made in tM
payment of any ir,stallment when due, and such default tontin~es 34 days, then et Ihe oplicn oi tho holdet, and without any olher rtotite, ali Ihe remaining
instellments ~i~all be due and payabla at once. Privilege is given to prepay this note in whole or irt pnri at any time without penalty. Neither forebes~anc3,
~or ecceptance by ~he holder there~f after any defavll in any payme~ts hereon, shall be deemed extension. A lale payment charge of s1~~70
, shall be
added to each instailme~t remaining ~~p~id 7 days after its due date, and a like sum shall be added to each suth Insiallment remaining ~npaid 7 days affe~
each s~cteeding payment dete. -
Each maker, s~rety and endorser hereof, joinlly and sev~relly, waives demand, prese~tment p~otest and ~otice of protest for nonpayment, and fvnher
egrees to any extension of time of payment, either before a after maturity, without ~otice to any of us; ar.d to pay all costs of collection, Includ~~g a
reasonable attorney i fee in the even~ of any ~efau~t Fe~eunder, and hereby severally waives all benefit of homestead a~d exemption under the constitution
and laws of each State of the United States, as against this abligalion or any ~xteniion or renewal hereof.
- Witness the hand and seal of each party. ~ .
. ; ~ s/ GQari~~'W. Lonq _ (sen~y
~!i~! ~ ~ 1 ~ ~ ~ . _ ~ „ (SEAI\
~ s/ Glenda K, Loi~g (SEAL)
N C- . . cs~u
(s,an,ps-~cancelkd on-artgmat To~rd1 - _ '
NOW, THEREFORE, ~he MORTGAGOR to? the ~r g p y 26 QnO.o~ .
p pose of;tecurln a ment of. sald sum of _S- * and the prrforcnance of the
covenants and agreements heret»after expressed, and for diver~ good and valusble ~ con~iderations, by theu presents, does grant, baryain, sell, remiie,
. release, convey and confirm unto the MORTGAGEE, its successora and assigni, all that certein lot, piete or p~rtel of Ibnd, •ituate, lying~ and being in tM
` County of - Sf . I'L1Cie and State of fbride, defuibed a• foCoNr. "
. - _
Lot 45, Block 51, INDIAN RIVER ESTATfiS, UNIT 7, as per plat thereof recorded #
in Plat Book 10, pa9e 75, public records of St. Lucie County; Florida, ~ ~
~ ~ ~~c~ - ~n ~ L~7"~ ~ - ~JC~JC~~ t
: Ttiis is a corrective mortgage -designed to correct an err~neous ciate appearing -
in that certain mortgage erroneouslyc~ted September Ynd, 19?5 and recorded in ~
- O.R. Book 240, page 557, of the public records of St. Lucie County,: Florida,
-_and upon which intangible tax has been paid as evidenced by receipt~N~. 3760~9. _
C. ~ . ~ - ~ ~ . - - . - . _ .
. - .
~ ~ - . ^ CGGd~ `G ~..f - _
~ _ - _ lt~CENfD I~t PIlY61EttT OF TIE~£s . .
. DUE ON CLASS'C INTANGI$lE ~ERSOtiAL PR0?ER~Y. .
- pURSUIWT TO CFIMTER 71•I34, ACTS OF 19/1.
, ~ R06ER POtTRI~S
_ CtERK CIRCUf~ CQURT, ST. LUCIE CC., FlA
together with all and singular ihe tenemeMs, hereditamenis and appurtanas thereunto t~e~cu.d'w or in anywise appertaining theroto, and all ronts, issuea,
_ prxeeds and profits accruing and to accrue from ssid premises, all ~f which are included in ti~e : bove ortd foregoing dewiption a~d hahendum.
TO HAVE AND TO HOLP the above desuibed ar~d grsnted premises unro the said MORTGAGEt, iri sutcessc~s and aui9ns forever. And tM iaW - _
MORTGAGOR for thelr heirs, executors, administrators and assigrts, hereby tovenanb with the said MORTGAGEE, its :ucteswrs and ~uiym, `
: ~hat -thev are _~,,,,~„iry seized ~of tbe said prem;ses in fee simple; that _the iame are frre, desr •nd dischargxd from sll lieni and ertcvm-
~ brancei in law or in equiry, and that they r,,;ii rnd ~helr - heirs shall warrant and defend the iitle to the ssme to the said
- MORTGAGEE, its svccessors and assigns, forever against the lawful claims and demsnds of sll penwn; _
- PROVIDED, AlWAYS that. if tF?e MORTGAvOR shall pay ~nto the MORTCaAGEE the-promitwry note ha:einbefore detcribed snd sFull iruly, promptly
and fully Exrform, diuharge, execute, comFlete, comply witfi and abide by each snd every the stipulations, syreertKnts, tonditions and cuvensnts of uid
promissory note and of thii Mortgage, t)xn thit Morfgage and the Estete hereby uested shall cease and be null and void. _
IT IS UNDERSTOOD that the wwd "IV1oHgagor" whether in the sing~lar ot plura) anywFxr~ i~ this X.ortyaye, .shall be singvlst if one only ind .
, shall be plural jointly and ieverally if more than one, and that the ward "their" at vsed snywlxre in this Mortpaye shall be faken to mean "hit;' "hcn"
- - or "its;' wbsrever the contexl so implia or admits. Alw, thst wherever there i• a reference in tM covenanb end sQteements herein contained tb ~ny of pa _
~ 1he partics hereto, the sarrme s~all be construr.i to mean as well as the heirs, legal r~presentativa, svtcauon and auiyns (ei!!±er voluntary by ~sct of t!~
~ parties or involvntary by operation of the law) of the :ame and that the covenanri hersirt cont~ined shsll bind and the berxfit: and advant~ya~ inure
to the. respective hein, lega! representatives, successon and ast?g~s of The parfip hereto. . ~
. And said Nlortgsgon, for themselves and their hei?s, legal representatives, successo~s snd su~ns, hereoy join~ly and _ sev~rally coveriant - ~red ~yree ~
to and with the ~aid MOR7GAGEE, in succeuors and assigns: ' -
~ .
1. To p~y all and singul+r tlx p~intipsl and interest and the various snd tvndry sum: of monty payable by virtve of said promissory nate, snd ihb _ y~
~ mortflafle, exh and every. Promptly on the day~ r~tpsctive{y the samt ~vcrally become dve. ~
~ 2. To par +II snd singvlar the taxes, assasments, tevies, It~bilities, obli~~tions snd rrxvmMsntss of every nature and kind now on uid de:cribed ~
property, w th:: h.re~fter rr.ay be impvied, suffered, placed, leviev, or assessed theroon, or that htreaftsr may be kv'~ed o? asaessed upon this Mort9- Q
~ age, a the ir?dabtedneu sec~red hereby, eKF? snsl every, when due snd payable, accadinp to law, befaa they become iklinquent, a(1CI MfOff iflY IflSfflil 7'~~a
~ anathes or any penalty is incurred; AND INSOFAR AS ANY iHEREOf 1S Of RKORO iKE SAME SHAII BE PROMPTLY SATISfIEO AND DISCHARGED OF t~
RECORO AND THE ORIGIlVAL OFFICtAI DOCUMENT (SULH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OfflCiAllY ENDORSEQ ~
OR CERTIFlED) SHAII BE PLACED IN 1HE HANDS OF SAID MOf~GAGEE W1TNIt~! TEN DAYS NEXT AFTER PAYMENl'; •nd in the eve~t that any thereof is no1
paid, sat'sfied and discharged sa:d MQRTGAGEE may at any time pay the ssme or sny part thereof withov! waivinp or sffecting any optian, litn, eqvity or .
right under or by virtue of th~s mortgage and the full amount of each and every :uch payment shall be ir~mediatety due and paysble and shall be~r tntEreit
~rom the date thereof until paid at rate of ni~e per centum pe~ annum and toyether w~th svch intcrest sF~all be xcured by the lien of th:s moryts~e.