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Home My WebLink About2146 . ~ 3~~~~8 THIS INDENTURE, Made Ihe 16th day of `j~e _ A.D. 19?5 between ` 6 , ` ~ 4 Howard D. Schwab and Rosalin`da `M. Schwab, hi s wife _ St Lucie of • County Florida, hereinafter desi9nated as. 11~e "MORTGACOR," and fIRST FEOERAL SAVINGS AND IOAN ASSOCIATION OF FORT PIERCE, a corporation o~ganized and existing unde~ 1ha lax•s of the United S~atQS of America and having its principai ptnte of " b~sinasf in the City o( fort Pierce, 51. lucie County, Florida, he~einaiter designnted as tho "MORTGAGEE.~' WNEREAS 1he h10RTGAGOR is justly inde6ted to tha h10RiGAGEE in thc sum oi S~tQ-~Q~-~ , cJood and Iawlul mo~ey of the Vi~ited States advanced by ~he 1~lORTGAGEE unto Ihe MORTGAGOR, cs evidenced by a ce~ta:n promisscry note of even date herev~ith, of wh~ch tho following In words and figures is a trua -op~, to-~vil: . ~ s ~ ~,Qa0.00 No 10021406 • fort Picrce, Florida. June 16 iq 75 ~ For vatue received, 1, we ar either of vs, promisc lo pay, withovt defalcation, to ihe order of FIRST FEDERAI SAVINGS At~U LOAN ASSOC~ATION Of i : with interest irom date at the rate of • o p~~ annum, in monihly install- ( FORT PIERCE at fort P~erce, Fiorida, the s~~m of S 3--r~ 8~~"' t n,ents as fol!ows: S_ 2S8•-~~ _ on the 20th day os _Se~temberl, ~9. ~5 _ and a like sum on the correspond~ng day of each m~nth there- after un1i1 the whole be fully pa~d. ' ~ Eath i~staNn~ent fin? sha4 6e applied in payment of Iha interesi and Ihen on the unpaid balance oi the principal sum. If de(ault is made in tne payment oi any instai±mcM when due, and such default continves 30 days, then at the option of ~he holder, and without any otfier nc~tice, all the remain;ng . 3 instal,ments shall be due and payable at once. Privilega is given to prepay Ihis note in whole or in part af any time witho~rt penalty. Neither {orebearance, ~ ~or acceptante by the holder thereof after ony default in any payments hereon, sh311 be deemed extension. A late payment charge of $ 14.4~ shall be added to each installrnent remaining unpa:d 7 days after its due date, and a like sum shall be added to each svch installment remaining unpaid 7 days after - ~ each succeeding payment date: Each maker, wrety and erdorser hereof, joiMly and szverotly, waives demand, presentment protest and notice of protest for nonpayment, and further F agrees to any exfension of time of payment, either before or after malurity, without nolice ro any of us; and to pay all costs of collrction, indud~ng a reasonabtc attorney's !ee ~n t!~e evero of any default hereunder, and hereby severally wa~ves r~l benefit of homestead and exemption under the constitution - # and laws of each State of the United Statzs, as against this obligation or any extension or rer.clial hereoL : Witness the hand ~nd seal of cach party. . ~ . s/Howard D. Schwab ~sEAt~ . . ~,~N ; a - u.~ : _ ~ ~ . ~s~~~ s/ Rosalinda M. Schwab (SEAI) ~ $52. SO . ~~i~ . : ( State Reven~e ~ ~ (Sr+rwp~ t~n~e#eJ-on ~wgineh ~o~e) , , . t p pose of securin a ment of said sum of ; ~ , and the perfonnance of the ~ NO'.Y, THEREFORE, Ihe M0~2TGAGOR fot the ur g p y 3S ~~0 ~ i covenants and agreemenq hereinafter expressed, and Ior drvers good and valuable considerotions, by these presents, dces grant, bar9ain, setl, rem~se, ~ release, convey and confirm unto the MORTGAGEE, its successors and assigns, all thc~ certain lot, piece or parcel of lan d, situate, lying, and 62ing in the - ~ County of St. L+UC16 - _ and S~ate of Floride, described as follows: ~ Lots 23, 24, 25 and 26, Block 11, Unit 2, INDIAN RIVBR ESTATES, as per plat, ~ - - . ~ thereof on file in Plat Book lO,~Page 46, of the Public Records of St. Lucie ~ Gount y, Rlor ida J ~GCJ~' `7 7'~~~J/lp - ~ ~ ~ a_ . - - ' ~ . . _ : - . ~ o~ F i_._G I.~ c~vm ~ L~ GO - S~AT~ ~ ~ - ~ ~ pC7CUM~NZARY~~= S TA ~l F~ x 1 - : ~N Parr~~ ox .7 ~ ~ GLASS` 'C' INTAf~IGIBIE ?E2S~:i.':Lr ^p, ER~ ~ OEPf. ~F RfYEHUE~`~~3~-- ~RS~Mfi TO CtiApTER 71- ACTS OF suKis ~ 5 2. 5 Q I - ~ ~~a, iy~,~/ t m ~ - f'.e. ~ ~ ~ . CIR(Xf(j ~ ~j~ - ~ , a ~ iiie~r . ~ UIC~E C0, F~ ~ , : . . . . _ ~ - . i together with all and singular the teneme~ts, hereditaments and appurtances thereunto belongin9 or in anywise appertaining thereto, and all renta, issues, roceeds and rofits accruing and. to accrue from said premises, all of which are included in the above and foreroing desuiption and habetidum. ~ P P TO HAVE AND TO HOLD the aEove described and granted premises unta the said MORiGAGEE, its s~ctessors and assgns forever. And the ~aid their h10RTGAGOR for heirs, executws, administrators and assigns, hereby covenants wi!F~ :he ssid MURTGAGEE, its sutcesson and sssigro, the are that - lawfuf~y se~zed of the said prem:ses in fee simple; that the same are free, clear and discnarged from al! liens and encurtr brances ir. law or in eq~ity, arw that they ry~~~ and thell heirs shall warrant a~d defend the title to the same to the ssid MORiv'AGEE, its svccessors anci assigns, forever ageinst the lawful claims and demands of all persons; - ' _ - PROVIUED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promisscry note hereinbefore deuribed and sfisll huty, promptly ` and f~lly perform, d~schargr, execute, complete, comFiy with and a6ide by each and every the stipiilations, agreements, conditiorts and tovenants of said promissory note and of this Mo:tgage, then this Mortgage and the Estate hereby ueated sha!1 cease and be null and void. IT IS UNDERSTOOD that the word "Mor~yagor" whelher in the singular or plura? anywhere in this Morigage, shall be singular if one only and ~o{„~ shall be plursl jo~ntly and severolly if more than one, and that th~ word "their" as osed snywhere in this Mortgage shaN be f~ken to mean "his,° "hen;' ~ or "its;' wherever the tontext so implies or admits._ Also, that wherever there is a refere~?te i~ ihe covenants and sgreemenh Fxrein contained to any of a~~t~ the panies herero, the same shatl be constr~ed to mean as well as the heirs, legal representatices, •uccesso~s and assigns (either wluntary by xt of the ~ parties or involuntary by operation of the law) of the same and that the covenants herein contained shall bind and ttx benefits and sdvantages inure ~ to ihe respective fieirs, lega) represen?atives, successas a~d ass~gns of tha parties hereto. And said Morigagors, for themselves and their heirs, legal representatives, successors and ass:gns, hereby jointly and severally covensnt and sgret ~ to and with the said MORTGAGEE, irs successors and assi9ns: • ~ 1. to pay all and singular the prirxippl and interest and Ihe various and sundry sums of money payable by virtue of said promissory note, and this mortgage, each and every, promptly on the days resp~ctively the same seve~ally become due. - ~~y. 2. To pay a11 and singular the taxes, as:essments, levies, liabilities, obligations and 'enc~mbtarxes af .very natvre and kind r.ow on said destribed propcrty, w that hereafte+ may be impoud, suffered, plzted, levied, or auesstd thereon, ot that hereafter may be levied w assessed vpon this Morf9- ~ . sge, or the indebtedness sec~red hereb~, each and every, wfien due snd payable, according to law, before thay Ixcome delinqur~t, snd before ~ny interest allaches or any penalty is inc~r:et;-AND INSOFAR AS ANY THEREOF IS OF RKORD TNE SAME SHAII 8E PROlNPTLY SATISFIED AND DISCHARGED OF RECORD AND THE ORIGIhAI OFFICIAL DOCUMENT (SUCH A5, fOR INSTANCE, THE TAX RECEIPT OR TNE SATISFACTION PAPER OFFICIALLY ENDORSED OR CERiIF{ED) SHAII 8E PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN, DAYS NEXT AFTER PAYMENT; and in the event that any thereof is not paid, sat'sfied and discharged sa'd MORiGAGEE may at any time pa~ the same or any part thereof without waiving or affeding any option, lien, equity w .iQht under or by virtve of this mortgage and the full amou~t of each and every such payme~t shall be immediately due and payable and shsll bear inte~at ~ From the dato thereof until paid at rate of n~ne per centum per annurn and together w~th such interes' shall be secured by the lien of th:s morgtaQe.