HomeMy WebLinkAbout1986 ~ y ~ ~r ~
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THIS INUFNTURE, hlada ihe-~~h - day of `januar A.D. 19 between
L].2y~ Ta~1or and Clotilde F. Taylor, a w~ e
of ~asu I'uC~.ie Co~nty Flotid~, hereinaher deskjnated es the "A10RTGAGOR." an~ FIkST FEDERAL SAWt~GS AND IQAN ~
ASSOI:IATiON Of fORT PIERCE, e torporation orga~izzd an~ ex~~tir,g undar tha laws of the United Statas o( America and hnving ita principal placa of
businets in ths Ciry of for? Pierce, St. lvcic CouMy, Flc~ida, hereinafter designated aa Ihe °MORTGAGEE." ~
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WHEREAS ihe MORTGAGOR is jvstly indebted to ths ~d~RTGAGfE in ih. svm of 5_`~~ gooa and iawiui money oi ihe tin~ieo
States advanced by the MORTGAGEE unto Ihe h10RTGAGOR, as evidenced by ~ teriain promis~ory no!e oi cvan date herewith, o( which the (ollowinfl in
words and {ig~res is a trua copy, to-wit: ~ 3~ 2(~ 3
s~ . ~~OQ.00 ~ r,o ;
, ~ Fort Pierca, Florida, JanuarY 2~.,~ 19 ~n ~
For value received, 1, wr or eithe~ of us, promise to pay, without defatcation, to the order of fIRST FEDERAL S~1VI~G AND IOAN ASSOCIATION OF ~
FORT PIERCE at Fort Pierce, florida, the sum~ o~!F S 00~ ~ ~0 -.+rth intcrest from date at the rate of b• '3'o per annum, in monthly install• a
meNS as fol!ows: 3_~.~a~Q- on tha ,6~ ~~a day of Marah 1966 3nd a like sum on the correspond~ng day oF each month there-
after umil the whole be tully paid. ~
Each in:talf~nent first shall be applied in paym~nt of the interest and then on the unpaFd balanca of the princ~pnl sum. If detault is made in fhe
payment of any installment ~vhen due, 3nd su,h defautt continves 30 day~, then et the option of tl~e holder, and without any other notice, all the remaining ~
insia;imer+ts sh~ii tn iiue a~:~ ab~e 8T =tir c. Pi:Vi.2yc 's; g;.rz 3~ Y:E+.B~ !h:: t:~!e in wh~!a er in ~a+t =t any l+~t8 ~vithou! nanalty. •N>i+her fore6er!ance,
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nor acceptance by the holder theteof aftei any default in any payment~ hereon, shall be deemrd extensicn. A late payment charge of S4~!_~--, ahall be :
added to each installment remaining unpa~d 7 days afler its due date, and a like sum shall be added Io each such inslallment remaininy unpaid 7 days a(ter
each s~cceeding payment date.
Each maker, surety and endo~ser hereof, jointly and severally, waives demand, presentment protest and notice of protzsl for nonpaymenl, and further ;
agrees Io any extension of tlme of payment, either before or after maiurity, without notite to any of us; and to pay all costs of cotlection, induding e ~
reasonabte attorney's fee in the eveni of any default hereunder, and hereby severally waives all benefit of homestead and exemption ~nder the cnnstitution ~
and Inws of each State of the United 5tates, as against ~his obl~gation or any extension or renewal hereof. ~
Witness the hand and seal of each party. . ~
s Lloyd Taylor ~sEA~~ -
s / d ' • y csEA~~
(SEAL) S
(SEAI) ~
6 ' ) State Revenue ~
(Stamps cancelled on original note)
NOW, THEREFORc_ the MORTGAGOR for the purpose oF securing payment of said sum of ~~+~00~~~ and the performence of the
covenams and agreement~ hereina(ter expressed, and for divers good and valuable considerotions, by these presents, 'dces gronf, bargain, sell, remise,
release, convey end confirm unto the MORTGAGEE, its successors and a?signs, ell that certain Io1, piece or parcel of land, situate, lying, and being in the
County of ~~int LL1C1A , and State of Florida, de~uibed ai foliowi:
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Lot 13: Block 1, BUNCHE PARK SUBDIVISION, as per plat thereof recorded z
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in Plat Book 10, page 18, publia records of Saint Lucie County, Floridas ;
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~,,.~~p !llOMAL Py~PItfITY=
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DUE~ G~ CH~,PTER 2072~. 1~GY~OF 1i41~
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~ together with a~l and singvlar the tenements, hereditamentt and appurtancet fhereunto belortging or in any:iise appertaining thereto, and sll rent~, itsues,
prxeeds and profits atcruing and to accrue from said premises atl of which are inttuded in the above and foregoing description and habend~m.
TO HAVE AND TO HOLD the above dascrib~d and granted premises unto the said MORTGAGEE, it~ succetsort and aisigm forever. Md tM said
MORTG~AGOR for heirs, executors, administroiors end assigns, hereby tovenants witfi tho •aid MORTGAGEE, its s~tcessors snd aa~~yn~, ;
that -~++~-3--~-8--- lawfully seized of the said premises in fee simple; that the same are free,. clear and ditcharged fran all liem and entvm- f
bronces in la~rr or in equity, and that thgY will and their heir~ ~hall warrant and defend the title to the same to ths iald ~
MORTGAGEE, its iuccessors artd aisigns, forever against the lawful claimf and demands of all partonst ~
FROVi~7'ca, i,tY~;.YS thet if ihe !.',OR?G~G4° :ha4! Fay unto 1ht MORTGkGEE tha promisiory note hereinbefore described end thall truty, promptly
and f~lly perform, discharga, execute, complele, comply with end abide by each and every Iha stipu~ations, agreements, condilions and covenantt of faid
promissory ~ote and of this Mortgage, then this Mbrtgage and tfie Estate hereby created ~hall ce~se snd be n~ll and void. -
IT IS UNDERSTOOD thst the wwd "Mortgagor" wbNher in the singular a plural anywhere i~ this Mortgage, ~hall be singular if one only and
shall be plural jointly and aeverally if more than one, and that the wwd "thcir" a: used anywhere in thii /V~ortgage ahall be taken to mean "his," "hers,"
or "its;' wherever the context so irr.plie~ or admits. Atw, thst wherever there it a reference in the covenenti and agreements herein contained to any of
tho parties hereto, the ~ame shall be construed to mean at well as the Fxin, leyal reprsssntativei, successorf and aisigns (either volVntary by act of tha
partiei or invotuntary by operation of ihe law) of tha same and that the covenant~ he~ein contained ~ha11 bEnd and the benefits and adventepes inuts
to the respeciiva heiri, legsl representatives, iucce~sora and a~f?gns of the parties he~eto.
And •aid Mortgayor~, for thsmsel~es and their heirs, legal repreuntatives, tvccessori and assigni, hereby jointlY and severelly covenanl and sqres ~
to ~nd with the said MORTGAGEE, iti succetsors and ai~igni: ~
1, to pey all and ~i~vlar the prirxipal and interest end thi vario~s and t~ndry tums of money payable by virtue of :aid promisaory note, and thia
mortgage, each +nd every, promptly on the dey~ rtspectively the ~ame ievuelly become due.
2. To pay all and •ingvlar the taxe~, acseuments, levies, liabilities, oblig+tions ~nd encvmbrancst of every nature and kind now on said deicribmd
property, or that hereafter may be impwed, •uffered, plated, levied, or +s~rssEd thercon, a that hereafler may ba lavied or aasesstd v~ ihis Morty- ~
age, or tM tndebtedrtess iecured her~by, s+ch end every, wh~n due and psyable, sccordiny to law, b~fue they txcome delinqvenl, and before any interes~ ~
attathes or any penalty is intvrred; AND INSOFAR AS AN THEREpF IS OF RKORD THE SAME 5HAtl BE PROMPTLY SATISfIE~ AN~ ~ISCHARGED OF
RKORD AND THE ORIGINAI OFFICIAL DOCUMENT (SUC~ AS, FOR INSTANCE, THE TAX RECEIPT OR 1HE SATISFACTION PAPER ~OfFIC1ALlY ENDORSED
OR CfRTIFIED) SNAII 8E PtACED IN TNE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event that any thercof is rmt
paid, sat'sfied and discharqed said MORTGAGEE may at any time pay ifie iama or any part thereof without wsivin9 or affecting +ny opfion, lien, sq~ity o~ ;
+ipht ~nder or by virt~e of this mortgaye and the full emovnt of each and every svch payment sh~ll be immediately d~e and payabte and ~h~ll be~r interest
~rom the date fhereof until paid at rate of nina per centum ptr ennum and togNhsr with ~uch interest ~hell be secured by the lien of th:s marqtagt. '
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