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TH15 INDENTURE, Meds the 3~'~ day of J~n~,_
1arY_.~ - A.D. 19~ betwean
M. BY,Skaggs ar~d Mary Ann Skag~s, his ~i~Q,
~
of St_e LuC i 8 , County Flo~+da, hereinaftu de~lgneted as th:e "MOR?GAGOR," and FIRST FEDERAL SAVINGS ANJ IOAN r
ASSOCIAIION OF FORT PIERCE, a corporetion argenized end exiuing under the laws of tha United Statas of America a~d having iif principal piace of
buaineis i.~ iha C~ty of Fort Pierce, St. lucia County, florida, he?einn(ter deiignated as fhe "A'lORTGAGEF."
WHEP.EAS thr htORTGAGOR is ju~tly lndabied to fhe MORTGAGEE in tha ~~m of S 1 • , good and la~vfu~ moncy of Ihe United
States advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a<ertain promissory note of even date here.v~ih, of wh~ch thz following in
wordi nd ~i urst is a tue copy, to-wi~:
s 1~,0~0.00 No_ l~T~~7
Fort Pierce, Floride, J~lu~v__~r_~.19S2S2~
For vafu: receivsd, 1, we or either of us, prom~s to pay, without defalcation, to tha oider of FIRSi FEOFRAL LSAVINGS AND LOAN ASSOCIATION OF
FORi PlERtE at For1 Pierce, Florida, the sum of 5~--~~~~ • 00 with interest trom date al the rale of~L~/o per annum, in monthly insralt-
rments as folto~vs: S 1~9 • on lhe~- ttl day of Februt~r_y_ ~q
66 ~~d a like s~m on the corresponding dey of each month there-
aFter until the whcle be fully paid. ~
Each installment first shall be applied in payment of ~he interesl a~d then on the unpaid balancr. of ihe principai sum. If defaul~ is made in the i
payment of any instaltment when due, and such default continues 30 days, then at fhe opuan of the halder, and without any olher notice, all the remaining f
insrallmen?s shall be due and payable at once. Privilege is giv~n 1o prepay ihis note in wt'~ola or in part at any time wi?hout penalty, •Ne~ither'.fCorebearonce, ~
no~ acceptance by 1he holder thereof afier any default in any payments hereon, shall be deemed ex~ension. A late payme~t charge of S~, shell be ~
added to each installment remaining unpaid 7 days after iti d~e dete, and a tike sum shall be added to each suth installment remaininfl unpeid 7 days after a
each succeeding Faymenl dafe.
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~
Each maker, svrery and endorser hereof, jointly and severally, waives demand, preseMmsnt protest and nolita of profest ior nonpayme+;t, ~„d futth~r ~
agrees fo any extension of time of paymen~, either before or after maturity, without notice fq any of us; and to pay alt casts of collection, inrlud~ng a ~
reasonabte attorney's fee in rhe event of any default herevndzr, and hereby ~everally waives all ben=iit of home~tead and exemption under the cnnstitution
and laws of each State of the United States, as against this o~ligation or any extension or renewal hereof. ~
Witness Iha hand and seal cf each party.
S M. B. Sk a s ~sF~~~ 3
S Mary Ann Skaggs ($EAL) 7
,
(SEAI) ~
_ (SEAI) ~
( ~ ~2 ~ ~Q ) Sfate Revenue i
(Stamps cancelie6 on otiginai nofie3 !
Zj*~~0.~0
NOW, THEREiORE, the MORTGAGOR for the purpose of securing payment of taid sum of s and the performance of the i
covenantt and agretmenfs hereinafter expressed, and fo~ divers good and valuable con~iderations, by thete presents, dces gront, bargain, sell, remise, i
releasa, convey and tonfirm unto tf~e MORiGAGEE, ifs s~<cessora and assign~, all that certain lot, piete or parcel of (and, ~ituate, lying, and being tn the
Co~ny of St . Luc ie , and State of Florida, de~uibed ai follow;: ~
Lot !~7 less tha North 21.0 feet thereof of the Subdivision of WHITE CITY, in ~
Section 3, Township 36 South, Range 1~.0 East, as per plat of sa3d subdivision ;
r
on file in P1at Book 1, at page 23, of the publie records of St. Lucie ~
Cou.nty, Florida,~/ ;
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PURSUAVT TOCKAPiER 207
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t ether with al) and sin ular tha tenements, hereditaments and a urtnnces thereunto belo i or in an ise a rtainin thereto, and oll ron1t, itsuef, ~
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proceeds ar,d profitt atcruing and to accrue from said premises all of which are included in the above and fortgoing desuiption and hnbendum.
' TO HAYE AND TO HOID the above detcribed and granted premises unto Ihe said MORTGAGEE, itt tvcce~~o?i and atsigns forev~r. Artd 1fis said
MORTGAGyO,R for heirs, exetuton, administrator: and assignt, hereby covenants with ihe ssid MORTGAGEE, its ~ucces~ors and as~Tgru,
that -~+~~--~'g- lawfully seized of Ihe said premisei F~ fee simple; that tha fame nre fres,. clear and discharged from all lien~ end encvrtr
brancet in law or in eqvity, and that~ will and the i r heir~ :hall warnnt and defend the title to the •ame to tha tald
MORTGAGEE, ifs s~xcessors and assigns, forever sgainst 1he lawful claim! and demands of all personsJ
PROVIDED, AlWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promiisory rate hereinbefwe do~cribed and ihall tr~ty, promptty ~
and fully perform, discharge, execute, complete, comply with and ebide by each and every the ~tip~lations, eQ~e~Alent~, conditions and covenants of •aid
~ promi:sory nota and of this Mortgage, iben fhii Mortgage and the Estate hereby created :hell ceate and be null and voiA. ~
!T !S UNDFRSTOOD that the word "Mort9agor" whether in the singular or plural anywhere i~ thii Mortgage, thall be ifnguler if o~e only and ~
: shall be plvtal jointly and ieverally if more than one, and that the word "their" as used anywF~are tn thi~ Mortgage thaN be taken tv maan "hi~;' "hrrs" !
ar "ita;' wlxrever the contezt to impl~ei w admit~. Also, that whetever tbere i~ a teference in the tovenantt ant! egreemtnt~ hertin contained to any of ~
the parties herefo, the iame thall be construed ta mean as well ~s the heirs, It9a1 r~preientatives, tvtcessws artd astiiyns (ei'her voluntery by act of the ~
parties or invotuntary by opention of the law) of the tame and that tha covenants herein contained ~hall bind and 1he benefitt end advantaye• inure !
to the respective heir:, legal repreientativee, succtisors and a:~~gnt of the parties hereto. . ~
And ~aid Mortgagori, for themselvas and thei? hein, legal repretentati~e~, •uctesiort and aisign~, hereby jointly and severally cove~ent and agree a
to and with tFye said MORTGAGEE, it• tuccessors and assigns: '
l. To pay ell and iin9~lar the principal and interest and the vnrious snd :undry t~rtu of money payabte by virtue of said p~omit~ory note, •nd ihii
mortgage, eatR and every, promptly on the days resptctively fhe eame s~verally become dut.
2. To pay all and •inyvler the taxe~, asaessment:, levtrs, li~bilities, obligetions and encumbr~nces of avery nsture end kind now on •aid dssuibed
; proparty, or that hersaftrr may be imposed, tuffered, placed, levied, or aueised thareon, or that hereaft~r may be levied or assaied upoti this MortQ-
i ege, or the tndebtednea secvred hereby, sacf? and ~vrry, whan dve and payable, xcordiny to law, befwe they besoma delinquent, and befor~ any fnt~re~1
; attaches or any penalty is intuned; AND It~lSOFAR AS AN~ THEREQf IS Of RECORD THE S.4hiE SNAtI BE PROMPTLY SATISFIED AND DISCHARGED OF
E RfCORD AND THE ORIGINAL OFFICIAL pC1CUMENT (SUC AS, FOR INSTANCE, THE TAX RECEIPT OR THE SRTISfACTtON PAPER •OffICIAlLY El+1DORSED
4 OR CERTIf1ED) SNAIL BE PLACED iN TNE HANDS OF SAID MORTGAGfE WI7HlN TEN DAYS NfXT AFTER PAYMENT; and in the eve~t that any thereof is not
~ pa;d, ~at'sfied and discharged said MORTGAGEE may at any time pay the sarrx or any part thereof without w~iving or affecting any oplion, Iten, eqvity or
t •ipht vnder or by virlue of this mortgage and the f~ll amount af each and every svch payment ih~tl be immediatety dve artd payable and shsll bear Intereit
E from the date thereof untif paid at rate of nine per centum per ann~m and togelher w~th ~uch interest ~hall be sec~red by the lien of th:s morytaye.
SOOK ~~V