HomeMy WebLinkAbout1012 CORRF;CTI V~: M~RTGAGE
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TH{S IPlDEN1UQE, Made the ,;I'C~ .lay of ~._S~~I~~Z.'~ _ _ A.U. 1951~, ber.reen
l'Y • Ne ~8~n~~,~li~.L~~ I [iilii~I-~ i3~ ~ :i_3..LLi - '
of ~~i~~ ~u~+iv_ (,ouniy tlot~UD, nereinaiibr udiij~-~aic~ as ~:c . c~ocT ccncp4l c~JIn7~:G G:~:fl t(~AN
ASSOCIATION Of FOR.T PIE~2CE, a corporation organized and existing vrtder the laws o(, Ihe Un~tad Stat~s of America and having its principal place of
business in the City of forl Pierte, St. lucie County, florida, hereinaiter des~9nated as the "~M~OR~TGA~G~fE."
INNEREAS the MORTGAGOR i~ j~stly indebted to the A10RTGAGEE in the sum of ~-?_1~_t_~L~ ~~Q , oood and lawful money of ihe United
States advanted by Ihe h10RTGAGEE unto the ~~IORTGAGOR, as evidenccd by a certain promissory ~ot~ of even date here.v~th, of •nh~ch the foilowing in
~vords and Fi ures is a true copy, to-~vif:
S 19 00.00 No_ 1~, 2'SL~
Fort Pierce, Fio~;d3, _ Januarv ~ ~ _~p~_
for value received, I, we or ei~her of vs, prom~se to pay, without defa!carion, to the order of FIRST fEDERAI SAV`INGS AND IOAN ASSOCiAT10N Of
fORT PIERCE at fort Piert~e, fb~ida, thc svm of S__~~~ v~[~[.~ vr~th inter~si from date at 1he rate of ~L__;o per annum, in monthty inste~l-
r-~ents aa foI!ows: S-~ L~J___~s ~0 on thz l~th de,, nf Febru~r~__, ~9~6 and a like svm on the corresponding day of each month there-
after untii Ihe who~e be fully paid.
Fach insta!lment first shall be applied in pnyment of the imerest and then on the unpa~d balance of the prindpal sum. If detauh is made in the
payment of any installment when due, and such defavh comin~es 30 days, then at the optien uf Ihe holder, and ~ti•ithout any other notice, a~i the remaining
installments shall be due and payable al once. Priviiege is given te prepay fhis note in whole or in part at any time without penalty. •i~leither fo~-!rebearance,
nor acceplanca by 1he hotder thereof after any deFault in any payments hereon, shnll be deemed extension. A late payment charge of S~i75/shall be
added ~o each installment remaining unpaid 7 days after its due date, and a like sum shall be added to each suth installment remainin9 unpaid 7 day: after
each succeeding payment dare. . ,
Each maker, swety and endorser hereof, jointty and severai(y, waives demand, presentment protest and nolice of protest for nonpayment, and further
agrees to any extensi~n of time of paymem, either bafore or after malurity, without not~ce to any of us; and to pay al~ costs of collection, indud~ng a
~easonabfe atromey's fee in the event of ar~y defauh hereundzr, and hereby severally waives aIl benefit of homesiead anc! eaemption under .he cnnstitution
and laws of each Statg of the United States, as against this ohligation ot any extension or renewal hereof.
W~~ness the hand and seal of each party. ' '
s ~r~ r A Palmer~ (SEAI)
s L ot~ i s e P al mer (SEAI)
(SEAI)
~ 2g~ . 55 ) State Revenue - (SEAL)
(5tamps cancelted on original note)
NOVI, THEREfORE, the h50RTGAGOR for the purpose of securing payment of said sum of S- 197 . 7~0 ~ 00 , and tfie performa~ce of the
covenants and agreements hereinafter expressed, and for divers good and vel~abte consideralions, by these prese~ls, does grant, bargain, setl, remise,
release, tonvey and tonfirm unto t~e MORTGAGEE, its svttesson and auigns, aU that tertain lot, piece or partel of land, situatc, lying, and being in the
County of S.~~nt LU `(~~A , nnd 51afe of Florida, deuribed ea follows:
(Le~al Description Corrected)
Lots 1 and 2, less the West 76 feet thereof and less the South 5 feet of
lot 2, WASHINGTON HEIGHTS SUBDIVISION, as per plat thereof recorded in
" .a e ,.4~ .C ; TnK nt v _ F+'1
['lAL DUUK / t ~J~Ka i~,v~ uiiuiii: ici:vT'u.~ •..u~,... G~~ ,1l1~~ ~ C~~'jCIA=
This instrument is executed by mortgagors for the purpose of correcting the
leRal description to the above-described propArty, which was inadvertentlY
described in the mortRaRe ta whicki this is corrective, (the same being of
even date herewith and recorded in 0, R, Book 135, page 316) wherein the
hsreinabove mort~a~ed premisea was erroenousl~t described as beinR:
The East 1~2 of Lots 1 and 2, less the ~ti'est 76 feet of the South 5 fa8} of
Lot 2, WNSHINGTON HEIGHTS SUBDIVISIOiJ, as per plat thereof recorded in Plat
Book 7~ pa~e l~.6, public records of Saint Lucie County, Florida,
Except as hereinabove corrected, all other terms, conditions and covenant~
of the mort~a~e to ~hich this is correative remain and shall continue in
full force and effeet,
together with all and singular the tenements, Feredifaments and appur~ances therevnto belonging or in any.vise appertaining thc:eto, and all re~t~, +ssve~,
proceeds and profits nccruing and to accrue from said premises all of which are included in the abo~e and foregoing description end habendum.
- TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its successors end assigns forever. And the •aid
MOQTGAGOR for thA~ t~+ heirs, executors, administrarori and assigns, heroby tovenants with the said MORTGAGEE, its svccessors and af~igm,
that ~g~ lawfully seized of the said premiies in fee simple; thal the same are free,. clear and dischargeo from all iiens and encvm-
brances in law or in equity, and that the~j will and heir} shall warranl and defend the ti11e to the ~ame fo the said
MORTvAGEE, its sutcessors and assigne, iorever against Ihe lawful claim~ and dernands oi all persons;
PROVIDED, ALWAYS that if the MORTGAC,OR sha!! pay vnto the MORTGAGEE the promissory note hereinbefore described and thall truly, promptly
and fufly perform, d~scharge, execute, complete, comply with and abide by each and every the s~ipulations, agreeme~ts, conditio~s and covenants of said
promisiory nate and of this Mortgage, then this Mortgage and the Estate hereby created shaN cease and be nul! and voiB.
IT IS UNDERSTOOD that thc word "Mortgagor" whe~her in the singular or plural anywhere en this Morigage, ~hall be singular if one only and ~
ihall be plu~al jointly and severally if more than one, and that the word "their" as used anywhere in this Mortgage shall br taken to mean "his," "hers;' `
- or "its;' wharever the context so implies or admits. Also, that wherever there ii a reference in tF~e covenants and agreemenrs herein conrained to any of
the parties hereto, the tame •hall be construed to rc:ean at wet! ai the hei~s, lega) representativet, successors and assigns (ei~her volun?ary by act of the '
parties or involuntary by operation of the law) of the same and that the covenants herein cor.tained shall bind and the benefits and advamages inure ~
• to the respective heirs, legal represen~atives, successors and as~~gn• of the partiei herelo.
i
~ And taid Mortgagon, for themselves and their heirs, legal representativei, tvccessors and assigns, hereby jointly and severaUy covenant and`egree ;
to and with the aaid MORTGAGFE, its successors and assigns: ~
; 1. 7o pay all end sirtgutar the printipal and interesl and the variovs and tundry s~ms of money payable by virtue of said promissory note, and thii x
F
~ morrgage, each and every, promptly on the days respettively the same severally become dus.
t 2. To pay all and ~ingular the taxes, assessments, levief, Iiabilities, obligations and encumbrances of every natur@ and kind now on said described
~ property, w that hereafrer may be impoted, suffrred, placed, levied, or auesied thereon, or that hereafter may be levied or assessed vpon thit Mortg• ;
~ age, or the indebtedness iecured hereby, each and every, when dve and payable, actording to law, before they become delinquent, and before any tntereu ~
attaches or any penalty is incvrred; AND INSOfAR AS AN~( THERfOF IS OF RKORD TNf SAME SHAI! BE PROMDTLY SATISFIEU AND DISCHARGED OF i
RECORD ANp THE ORIGINAL OFFICIAL DOCUMENT (SUCH AS, FOR INSiANCE, TNE TAX RECEIPT OR THE SATISfACTION PAPER •OffICIALIY ENDORSED '
i OR CERTIFIED) SHAII BE PWCEU IN THE HANDS OF SAID MORTGAGEE °NITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof is no~ ;
pa~d, sat'sfied and discharged sa:d /iRORiGAGEE may a~ any time pay ths tame or any part lhereof witho~l waiving or affecting any option, lien, equity or ;
; •iqht ~rder or by virt~e of this mertgage and the full amount of each and every suth payment ihall be immediately dve and payable and shali bear interest
~rom the date thereof u~til paid at rate of nine per centum per annum and together with such intereit ~hall be stcvred by the tien of th:s morglage.
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