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HomeMy WebLinkAbout1509 a ~ - - - 4, ( r . prc i~T F ~ [ 3.'4i ~ TFIIS INDENIURF, Made the 3rd dey of JKnuarq A.D. 19 66 between _ C~yde WQ Cato, Jr., a sin~le adult~arid Adrisn Hi. Striak]_and~end Honnie _ Ce~to Striokland, hia wife ~ of Sa int Lucie County F!orida, hereinaftet deflgnated as Ihe "h10RiGAGOR," anJ FlRST FEDERAL SAVINGS AND tOAN A$SOCIATION OF FORT PIERGE, a corporotian organ+zed and ex]itir.g under the (aws of ihe United States of America and having ih ptirttipal plate of bv~inesi in 1ha City of Fort pierce, St. lucie County, Florida, here~na(ter designated es the "MORTGAGEE:' WHERfAS Ihe h10RTGAGOR is ju~tly indebted to ihe R50RiGAGEE in the sum of S 8 ~ 00~ , good end IawFul money of the lln~ted Siates advanced by the h10RiGAGEE unto ~he h10R1GAGOR, as evidenced by a certain promissory note of even date hereKith, of whfch the foilowing in words and r'gur~s is a true copy, to-wit: t2 n n r~ ~ f v~vvv~~ 1 2 8 N~ 3,___5_~ Forf Pierce, Ftorida, _JaliU&I'Y 3, 1966 Fo. value received, 1, v.e or either of us, prompise to pay, without defaica!ion, to the order of FIRST fEDERAI SAVINGS AND tOAN ASSOCIATION OF fORT PIERCE at Fort Pierce, Flprida, the sum o S U! 000 ~~0 v~ith in~1erest irom date at the ra12 of 51~~ per annum, in monthly install- ments as (ollows: S- bv ~ on the l~~h day of Febi'UA.T'~t` _~9"6 end a like sum on tha corresponding day of ench month there- after unlii the whole be lully paid. Each installmeN firat shait be appiied in payment of fhe interext and tl~en on the unpaid balance of the principal sum. If d_fault is mnde in tha payment of any installment when due, and such default continues 30 days, then at the option of the holder, and wifhout any other noTice, all the rErnrining installmc-nts shall be due and payable at once. Privilege is g~ve~ to prepay this note in whole ot in parl at any timc without penally. 'Neithtr fo~ebeararsce, nor acceptance by the holder thereof aFter any default in any payments hereon, shalt be deemed extension. A late payment charge of S~, sha!! be added to each installment remaining unpaid 7 days after its due date, and a like sum shall be added to each such inslallment remaining unpaid da/s after each svcceeding pay~r.en1 dare. . ~ Each maker, surety and endoraer hereof, jointly and severalty, waives demand, presentment protest and notice of pro~est for nonpayment, a~d further agrees to any eztension of time of paymenf, either before or after mafur'~ly, wilhou! not;ce to any of us; and to pay atl msts of collection, incl~~ing a reasonable attorney's fee ~n the event of any default hereu~de~, and hereby severally ~vaives all benef~t of homestead and ezen,ption under the canstitution rnd laws of each Siate of ihe United States, as aoainst this ob~igation or any extension or renewal hereof, Witness the hand and seal of each party. ` ~ s/ C].gde W, Cato, Jr. (SFAI) a r an . rlc an s onn e a o tr c c an cseai~ (sE~?i) SEAL ( 2 ° ~O ~ State Rtvenue ~ ~ (Stampi cancelled on originel note) ' NOW, THEREFORE, the 1~10RTGAGOR for the pvrpose of secvring paymen} of seid sum of S S~ ~ QO and tha performance of the covenants and egreements hereinaiter expressed, and for divers good and valvabte consideralions, by these presents, does grant, bargain, sell, remise, release, tonvey and confirm unto tf~e MORTGAGEE, its ~uccrssors and assigns, alt fhat certain lol, piece or perce) of tand, tituatt, lying, and being in the County of Saint Lucie end State of Ftorida, deccribad ei follows: Lot 14: Block 1, SANDRA COURT, accordinR to the plat thereof on file in Plat BQOk page 45, public recorda of Saint Lucia County, Florida, . ST , - . • ; L J~.'''_ T i . CQU`~i 1 ~1 . . ~ Cf ~prtV~ 1p *AVlr?A~ QR~pffiqC'(Ye ;t~~~l~llllli(~d~!~ ' Rsox o FIL RECE{YEDLA~S•~'''' £Hioa24.~tsoF~9'?~• z c~~ tN EC~ D~D puE c~~~ i S ~p ` h"PS n k C t f P 1l1 ~y[t x W Pu~ Cl..r , ~ TM ~ :i~~' ~ ~,R~S w r o, Rl j ~dOk r_ , r~ jy~. ~A' ' ``~~a.'• ~ '1~~/CS~G%~L~C/ as l.:,Ynt f' ~ ~ax Gollsttof l~/~-';%`~I~ i~ L~_~~ w =:j: s JAN 3 I P~ 3: 30 `~/,~"G"-t~ DEPt1N ' "_~tl_'=~`~.,, ~ j~ ~ `/~'/tl S ` •~~~~_i~` -1 ~ ~l O V i ~ ~ ~ ~ 'yC Ef~ f-C,~rr:aS. CLER}( ~ S7, LUCIE COUN . o j~~ ~~ORIOq TY'. ~ ~ O ,,~LCti" '07+'~r, ~ .i~~li~~~j:{iiii/~s~ ~1.• ~ f• ' . ~ ~ , i together wiih all and singular the tenements, htreditaments and appurlantes thereunlo belonging or (n anyivise appertaining t&efetO.,i~`~ttf~ttj itwe~, i prxeeds and profits accruing and to acc~ue trom ~aid premises all of which are incfuded in the above end foref7oing descti~tion lnd 4i~sbindum: TO HAVE AND TO HOLD the ebove oescribed and granted premiies unto the said MORTGAGEE, its succeisors and aisi~'ny~~¢reysr.,.And'the%yaid'.'- ' MORiGAGOR for hein, executors, administrators and a~signs, hereby covenant~ with the said MORTGAGEE, ltr~t~tcestori ~ s~si~nr,~ _ that -~+~+~d-g1-'8-- lawfully seized of the said ptemites in fee simple; that tha iame are free,. clear and diitharged frQm al~ Ikr?~~ihd anqur~F ~ ; ` brances in law or in equity, an~ that t+ e~ will and their heir{ thall warrant and defend thc tit)s-to thd ta~n~..fO~ihO~s~tid: ~ MORTGAGEE, its s~tcessors and assigns, forever egainst the lawfu( claims and demand~ of alt pertons; ~ - ~ f ~ PROVIDED, ALWAYS that if the MORTGAGOR ~Fall pay unto the MORiGAGEE the promi:tory note hereinbefo?e desuibed=nnd•thal( tSuly~•ptom~tly and tuNy perlo~m, discharge, exec~fe, tomplete, tomply with a~id abide by eath and evety tha stipulations, agreernents, conditiohs~and cdvenarits af said ~ promissory r.ote and of this Mortgage, thtn this Mortgage and the Estate hereby created thall ceate and be nu~l and voiQ. `'j'~+~i~~+'`~~ ~i IT IS UNDERSTOOD that the word "Mortgagor" whether in the singula~ or plural anywhere in thii Mortgage, shall br •ingulsr if one only and ~ thatl be pturol jointty and :everaHy if more than o~e, and that tha word "thair" as uted anywhere in this Mwtgage ihall be taken to mean "his," "hen;' i or "its;' wherever the tontext so implies or admits. Also, that wherever there i• a refe?ence in the covenant• and agreemants herein cantatned to a~y of the partie~ herelo, the same shall be constru-d to mta~ at weli as the heirs, iegal represantative~, s~ccesswt and as~ig~i (e;rher voluntary by act of the perties ot involvntary by operotion of 1he !sw) of the same and that the covenanls herei~ contnined shall bind and the benefitt and advantages inure to the respedive heirs, leyat representativet, s~cce~sors and ass~gns of the partie• hereto. And •aid Mortgagors, for themselves and their hei?s, legal representatives, succestors and assiym, hereby jointly and severnlly covenant and a9ree to and with tF1F said MORTGAGEE, ita successors end assigns: ~ ~ 1. To pay all artid •ingular ~he p~irx+pal and interest and the variovs and sundry s~ms of moncy pay~ble by virtue of said promiisory note, and this mortgage, each and evety, promptly on the days respectively tht sams sevarally become d~e. ~ 2. To pay ali aRd ~ingular the taxet, as:euments, levie:, liabilities, obligations and entumbrarxes of every nature end tcind now on said desalbed property, a thst hareaftar msy bo impoted, :~ffered, ptaced, levied, or aues:ed thereon, or thar hercafte~ may be lev~ed or aise:aed upon thii Mortg- age, a the lndebtednest iecvred hereby, each and avery, when due and payeble, according to law, before they become delirtquen~, and before any interest attaches w any penalty is incurred; AND INSOFAR AS AN THEREOF IS OF RECORD THE SA41E SHAII BE PROl~hPTIY SATt5F1ED AND DlSCHARGED OF RECORO ANO THE ORIGtNAt OFFICIAL UOCt1MEtYT ($UG~ AS, FOR lNSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER •OFfICIAIIY ENDORSED OR CERTIFIED) SHAII BE PIACEp IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thereof ii not ~ f paid, sat'sfied and discharyed said MORTGAGEE may at any time pay the ssme or any part thereoi without waiving or effecting any optio~, lien, equity or ~ ~ •iqht under ar by virtue of thii mortgage a~d the fvll amount of each and every 3~ch payment shall be immediately dve and payable and shall bear interett From the date thereof unlil paid a? rate of nine per centum per annum and toyether with iuch i~terest thall be secured by the Iien of tf~:s morytaye. ~ ~ . ; i aook 4 ~03 ~