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THIS INDF`:TURE, hlede ihe 2~t~1 djy of LTAnunr__~~ _ P..D. i9 ~ bet.vtrn
.-.._~.---._~~_;,innaees E. Kel.lop~. ~nd_ Elizabet.~~ R. Kello~~z._tli~ wife _
~ t. Lue i e___, Counry Floride, here~nafter desi.~na~ed as ~he !,10RTGAGOR," and FIRST FEDERAL SAVINGS AhD IOAN
ASSOCIATION OF FORT PIERCf, a corporation organized rnd exitting under the laws of Ihe United Stat~s cf Artierica and hjving its p~~ncipal plate of
business in ihe City of Forl Piuce, St. lucie County, Noric;a, hereinaiter designated aa the "MORTG GEE."
`5'HEREAS the MORTGAGOR is {u~~ly indebted to the MORTGAGEE in ihe sum of S--r-t-~~~? 9ood ar.d lawful money of the Un~ted
States aavanced by tha N.OR(GAGEE un~o the 1::GRTGAGOR, a3 evide:ued by a certa~n promissory noie uf ~,.en date ~ie~ev:iih, of v,L~ch the !ollowing in
words and Figures is a true <opy, tawif: ~ ~
s_ ~ , t~oo . oo No ~ 3 . ~g.~ ;
. Fort Pierca, floridj, _ January 2~
Fc. value received, we or either of vs, prom~se~o a, without defalcat~on, to the order ef ~ik5i FzDEP,AL ~AV~ C35 AND IOAN ASSOCIATION OF ~
~t~0 00
FORT PIERCE al Fort Picrce, florida, the sum f 5-=-~ ' -~vith inter~ t from date at tha rafe of _ per annvm, in monthly install- ~
men~s as fol!ows: S on Ihel ~th day of M~ rCh 19_ and a like wm on the correspond~ng day of exh moNh there-
after ~ntil ttie whole be fully oaid.
Each installment firs! shall be applied in payment of the int~rest and ~hen on the unpaid balance of the pr;nupal tum. If defauit is made in the :
payment of any installment when due, and such dzfault continues 30 days, ihen at the option of the I~otder, and w~thout any other nolice, ali the remaining
installments shell be due and payab!e at onte. Privilrge ia given ta prepay th~s note in whole or in par~ at any time without penally. 'Neither forebearanct,
nor acceptance by the holder ~hereof after any default in any payments hereon, shall be deemed extensien. A late payment tharge of S 2• Q~ ~hal) be
added to each installment rernainin~ unpaid 7 days after its due date, and a like sum shall be added to each such installment remainirtg unpaid 7 days alter
each succeeding payment date.
Each maker, wrety and endoner hereof, joinNy and severally, wai~es demand, presenlment protest and not~ce of protesl fer nonpaymeM, and further
agrees to any extension of time ef payment, either before or afler maturity, without notke t~ any of us; and to pay all costs of co~lection, includ:ng a
reasonab!e attorney's fee in the eveni of any default hereunder, and hereby severally waive~ a~l benefit of homestead and exemption under the cnnstitution
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a~~V ~oWS v~ co~~i Jia~c vi ~~.c .s.v~c3 0> ::.~s ' _
Witnzss the hand and seal of each party.
s Linnaeas E. Ke1 lo _ ~sEAi~
s Eljzabeth R. Kello~x~r ~S~A~~
t
(SEAL)
8 . ,7 0 _ (SEAL)
( ) State Revenue -
(Stamps cancellea on original note) ~ ~O~ . 00
NO~Y, THFREFORE, the FAORTGAGOR for the purpose of sec~ring payment of said sum of S , and the performence of the
covenants and agreements hereinaiter exp:essed, and (or divers good and valuab!e considerations, by these presents, dces grant, bargain, :ell, rem~se, i
releasa, convey and confirm unto the MORTGAGEE, its auccessors and as~igns, all that certain lot, piece or parcel of Iand, setuate, lying, and being in the ~
County of St . I'UCie and State of Flo~ida, de~uibed e~ follows:
L•ots l~ and 20 of TRADE WINDS StTBDIVISION. a4 per ~lst thereof
~
on file in Ylat Boek G, page ~2. Public Recorda of St. Lucie f
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County, Florida,
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V • t. c^:.~.!P~ J~ = JGN21'S5 1•~
RECEf ED f .r• tNTt.'d'?~9L_ , t{. O _ i~:,'.:_ _
DUE ~N Cl_`•S ~ _ :PYE` r 1-- U - ~~~JJ U ! O =
PUi?;i3'•.?:7 ~ _I~~< ~..1['.,~ _~1 ~ CC'!riAD:.LE-t ~ _
F~".~ • . ~ pR.l°~133 . - 3
as I-•~ent Sc~ " y`Iax Co~l~ctot, ;
St. t'Kie ~ ~y <
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6p DEPt77Y CLERK ;
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together with all and singular the tenementi, hereditaments and appurtance~ thereunto belonging or in any~-vise appertaining thereto, and all rent~, issues,
proceeds and profits accruing and to accrue from said premises all of which are included in the above and foregoing description and habendum. ~
TO HAVE AND TO HOLD the above described and g?anted premises unto Ihe wid MORTGAGEE, its s~ccessors and assignt forever. And th• said ;
MORTGA for ~~ir heirs, eaecutore, administrators and assigns, hereby tovenants with Ihe said MORTGAGEE, its wtces~ors and et~Iyni, ~
that --~~e~ a re ~awfully seized of the said premises in fea simple; that the ~ame are free,. cltar and discharged from alt lien~ and encum- ?
brances in law or in equity, and that the.y W~~~ and the ir heir~ shall wnrrant and defend tha iitle to the same to the •aid ~
MORTGAGEE, iti s~ccesaors and assipns, forever against fha lawful claims end demendt of all persons;
PROVIDED, ALV'lAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promis~ory note hereinbefore desuibed and ihall truly, promptly ~
and fully perform, discharge, execute, complete, comply wirh and abide by each and every the stipulalion~, agresmonis, conditions and cevenants of seid ;
promissory r.ote and af this Mortgage, then this Mortgage and the Estate hereby created thall cease and be nvll and voiA.
IT :S UNDERSTOOD that the word "Mortgagc,r" whether in the singular or pturat anywhere in this Mortgage, thall be singular if one only and
shall be plural jointly and severally if more than one, and that the word "their" as used anywhere in this Mcrtgage shall be faken to mean "his;' "hers," ~
or "its;' wherever the co~text so implies or admits. Also, that wherever there is a reference in the covenants and agreement• herei~ contained to any ~f ~
fhe parties hereto, the same shall be constrved to mean as well at the hein, legal rspresentatives, sutcessors arsd essigns (ei~he? vol~nlary by act of the ~
partie~ or involuntary by operation of the law) of the same and that Ihe covenants herein contained shatl bind and the benefits and advantages inure ~
to the respectiva heira, legal represenlatives, successors and ass~gns of ths partias hareto. ~
And •aid Mortgagors, for themselves and thtir heirs, legal representafives, successors and assigns, hereby jointly and severolly covenant and aQree ~
to and with t}ye said MORTGAGEE, itt successors and assigns:
1. 7o pay al! and :ingular the printipal and interest a~d the variovs and s~ndry s~ms of monay payabfe by virtue of said promissory note, and thit ~
mortgage, each and every, promptly o~ the days re~pectively tha same sever~lty becoms due. -
2. To pay all end ~ingular 1he taxes, aitessmenti, ievie~, liabililies, obligaiion~ and encumbronces of every natura and kind now on taid described ~
property, or that hereafter m~y bs impoted, suffered, placed, levied, or sue~sed thereon, w that hereafter may be levied or asse~sed uFon thii Mortg- ~
age, or the indebtednesi secvred hereby, each and every, when due and payable, atcwdiny to law, before they become delinquent, and before any intereit f
attaches or any pe~alty is incurred; AND IN50fAR AS AN THEREOF IS OF RKORD THE SAME SHAII BE PROMPTLY SATISf1ED AND DISCHARGED OF
RECORD AND THE ORIGINAL OfFICIAI DOCUMENT (SUC~ AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER •OffICIAILY ENDORSED
OR CERTIFIED) SHAII 8E PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT; and in the event that any thereof is not
paid, sat'sfied and dischargcd sa:d MORTGAGEE may at any time pay the same or any part ihereof wilhout waiving or a(fecting any option, lien, equity or .
.iqhr under or by viriue of this mortgage and the fvll amount of each and every such payment shall be immediately d~e a~d payable and shall bear intereit ~
~.om the date thereoi u~til paid at rate of n~ne pcr centum per annum and together with suth inte~est shall be secured by the lien of th:s morgtDye.
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