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HomeMy WebLinkAbout1702 , . ( .~1 i . THIS INDENTURE, Made th~ ~2n~ dev of ' ' J8tlL1A2'\' , A.D. 19 ~ 6ctwean ~ C.L.,A.Ct, INCnRI'ORATED~ a Fl:rida Corpor~tion _ ~ ~ 1 ' e r in ft r il nattd as the "h50RTGAGOR " and FIRST FEDERAI SAVINGS AhD IOAN ~ of _ S~c . I~ c i. e County Flond he e a e dc g . ASSOCIATION OF FORT PIERCE, a corporalion organized and exisring under the laws of the United Stetc~ of America and heving it~ principal plrce of businei~ in ihe City of Fort Pierce, St. tucie County, Florida, hereinafter designaied es the "MORTGAGEE." ~ WHEREAS the MORIGAGOR is ju~tly indebted to the MORTGAGEE in the sum of 1___ 7 ~ 12 ~_Q___, good and lawful money of tha United 5lates advanced by tha h10RTGAGEE unto Ihe MORTGAGOR, as evidenced by a certain promiuury note of even date herewith, of which the following in ~ words and Figures is a trve copy, to-wit: = 7, 1?~.00 No 1 ~ ?~1 Fort Piercr, Fiorida, J8Y1t181'V 19 ` For value received, I, we or either of us, promise to ay, without defalcation, to the order of f~RST FEDERAI LSAVINGS AND tOAN ASSOCIATION OF fORT PIERCE af Fort Pierce(~ Florida, the svm f S 7' 1?~' with intcr~3~from date at the rate ofL~9o per annv:n, in monthly (nftall- ments as follows: S~2' on thel~~'h day of _ ~1~~~ 19 nnd a like sum on tha corresponding day of each momh there- after until the vihole be fully paid. Each installment firat ihall be applied in paymenl of the interest and then on the unpaid balance of tl~e principal sum. If detault it made in the payment of any installment when due, and such default continues 30 days, then at the option of the hofder, and wit}~out any other notice, all Ihe remeining ins~allments shall be due and payable al onct. Privilege is given to prepay ihis note in whole or in part at eny t~me without penalty. •Naither tore6earance, ~ nor acceptance by the holder ?hereof a(ter any defauit in any payments h;reon, shall be deemed exlension. A late payment charge of S , shall be added to each installment remaining unpaid 7 days aiter its due dale, and a like sum sha~l be added to each such inslatlmenl remainin9 unpaid 7 days after each succeeding payment datr. Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment protesf and notice of protest for nonpayment, and further agrees to any exten;ion of time of payment, either betore or after maturity, without notite to eny of us; and to pay all costs of collection, inctuding a reasonable attorney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the cnnstitution and laws of each State of the United States, as again~t this obl;gation or any exleniion or ren~,r~. IIhergo:-G . INC ORP ORATED Witness the hand and seal of cach party. H B,y S/ Edwa rd L, Durhem. P re s i c~~~t~ . ~i t t• e C t ~ ~'r P. Q T',g,~_H _ W 9 l t: P. T` V* (SEAI) . ~G'CI''P.{:8T'V-Treasurer (SEAI) ~ _ (SEAt) ~ Lv . vi~~ ) State Revenue (Stampa cencelled on origlnal nole) 7 12 NOVV, THEREFORE, tha h10RTGAGOR for tha purpose of securing paymenf of said sum of s • - and the ptrFormance of the cove~ants and agreements hereinaftes expressed, and fer divers good and valuable consideretions, by these presents, dces 'grant, bargain, tell, rem;te, release, tonvey a~d tonfirm unto tf~e MORTGAGEE, its svccessors end asfigns, ell thet certain lol, piese or parce) of land, situate, lying, ena'bsin~ in the County of S t LU C 1 e , and State of Fforida, de~cribed as follovrt: ` . ~ Lot 8, WHIDDC~N~S SUBDIVISI~N, eccarding to a plat t2~ereaf on file ~.n ~'~at, . - , ; Boak 9, page 17, puhlic records of St, Lucie Count~;~ Florida,/ , k ~J yM~IS ~flpER~~ j~ D C MIEN Ao,~ L AMpf A~X P ~ e z oo r9 ~ / , ` `E ~R ~4~~~'`q,~1. o = FE8°4'66 _`~;i:~:•, ~ _ : " ~ Q ` " At~G~R r 4 T.i. ~ ~ f" C~ -Z ~ Q v O: f ~C~~~~`'S~~ ~P Zp U~ r:,ui y P.S.190138ER~ R~ ~ _ ~ pv~ u~~tnZ'~ ' G\e`M• ~~~,45 ~ PuR , g Q~ ~V :~~5 C 1tac.t°c RpG= ~ {,:c ~ax ° ~tK ~s Abe~ ur~`I ~D~P~j'f GL(c ~ LL~~ Sy•`UL ~v : ~ ~ 3 ~ ~ together with all and singvfar the tenements, he~editaments and appurtances thereunto balonging or in any~:iise eppertaining thareto, and all rents, tssues, ~ p?oceeds and profits accrving and to accrue from said premises alt of which are included in the above and foregoing desaiption and habertdum. ~ TO HAVE AND TO HOLD the above detcribed and granted premises vnto tha said MORTGAGEE, its •uccetsort and aisigns forever. And ths wid MORT~AtGOi sfor -i t~ heirs, executors, adminiitrators and assignt, hereby covenants with the said MORTGAGEE, H~ tuccessors and auiqn~, ~ that i lawfully se+zed of the said premises in fee iimple; that the same a+e free,. clear and discharged from all liens and encvrtr ~ brances in law or in equiry, and that i t will and i t S heir~ thall warrant artd defend the titls to the same to 1he utd f ~ MORTGAGEE, i?t sutcessors and assign~, fcrever againit the lawful tlsims and demandt of all perswu; ; PROVIDED, ALWAYS thet if the MORiGAGOR shall pay vnto the MORTGAGEE the promitaory note hereinbefore de:uibed and shetl truly, promptly a and fully perform, discharga, execute, complete, comply ~vith and abide by each and every the stip~lations, sgreements, conditions and covenant~ of s~id promiuor~ note and of this Mortgage, ths~ this Mortgaga and the Eitate hereby created shall cesie and ba n~ll and voiA. iT IS UNDERSTOOD that the word "Mortgagor" whether In the ~ingular or plurol anywhere in thii Mortgaye, shall ba •ingular if one o~ly and •hsll be plurol jointly and severally if more than one, and that the wwd "their" ai vsed •nywhere in tfii~ Mortgage :hall be taken to mean "his," "hen," w"its," whereve? the context ~o implies or admits. Alio, that wherever there is a reference in the covenants and agrcements herein contained to any of the parfiei hareto, the same ~hall be construed to mean at well ai tha heirs, legal representativa, successort snd assiyni (eithtr voluntary by an of the partia• or involuntary by operation of the law) of the same and that Ihe covenanti hs~cin contained thall bind and the benefitt and advantages inura to the respective heirt, legal representative~, successots and ais~gni of the parties hereto. And iaid Mortgagor:, for Ihemselvet and their heirs, lega) representatives, successors and a~figni, hereby joinlty and severally covenant and a9ree to and with tFye taid MORTGAGEE, itt successors and assigns: 1. To pey all and singular the printipal and interest and the variovs end iurxlry svms of money pay~ble by virtue of said promis:ory note, and thi~ murtgage, each and every, promptly on the days retpectively the same severalty betome due. . 2. To pay sll and singular th~ taxes, asiessments, levies, liabilities, obligationi and encvmbrorxet of every nature and kind now o~ taid desuibad property, or that hereaftet msy be impased, suffered, plxed, levied, or autsud thereon, w th~t hereafter may be levied or assetsed vpon thit Moriy ~ a9e, w the indebtedneis setvred bereby, e~ch and every, when due and payabte, accordin9 to law, before they betome delinquent, and before any intere~t at?eches or any penalty i; inturred; AND INSOFAR AS AN THEREQF IS Qf RECORD TNE SMAE SHAII BE PROMPiLY SATISFIED AND DISCHARGED OF RE~ORp l.ND THE ORIG1NAl OFFICIAL DOCUh1ENT (SUC~ A5. FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER •OfFICIAIIY ENDORSED OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE V1ITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event thaf any thereof i• rtot paid, ~aYsfied and discharged sa:d AtiORTGAGEE may at •ny time pay the same or any part thereof without wsiving or affecting any opNon, lien, equiry or .iyht under ot by virtue of this morlgage and the f~ll amo~nt of eath and evrry svcF? payment shall be immediately dve and p~yable and shall bear interett f From the date thereof ~ntil paid at rate of nine per cent~m per a~num and together w~th •vch interest ~hall be secured by the lien of th:s morgtage. '