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THIS INDENTUkE, hlade the 1 t th day of Fehrtjal' A~. ~v66 befwEen
~ _ Theodore_0. nreschQr xnd •o~iige A. nrPSCher, }:is wife ;
_ - ;
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of _~~~r1t I~I~Gj 6 Counry Ftoridj, here+nafter det~nated as the "A10RiGAGUR," an~ FIRST FEDERAI SAVINGS AP~D IOAN `
ASSOCIATION OF fORT p1ERCE, a corporation organized and ezisting ~nder Ihe laws of tha United Statas of America and havine~ its pri~:cipal place of j
businesi in the City of Fort Pier;e, 5t. lucie County, florida, htreinaftet designated as the "h10RTGAGEE:' }
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WNEREkS the MORTGAGOR is usth indebted to the MORTGAGEE in the sum of 3- 1~~-~~~, 00 ~ ~
1 ~ gooJ and fawFul moncy nf 1he Jn;ted
States advanced by the ~dOR)GAGEf unto the MORiGAGOR, as evidtnced l~y a ceriain promissory nota of even date her~,r:ith, af wh~ch the following in
worda and liguras is a trua copy, to-wii: ' f
sl,loo.00 13,329
H~_-----~-
Fort Pierce. florlda, ~'~ebru~ry ~9 ~O
For value receivecl, I, we or either nf ~s, promise to pay, wi~hout defelcation, to the arder of FIRST fEOfRA! SAVINGS AND IOAN A550CIATION OF
FORi PIERCE at Fort Pierce, F(oridn, the sum of S-~~,L~-~0:"SC__.~ with int~rzst from d3te at 1he ?a1c of 2~o per annum, in monthly install-
menu as fo~!ows: Sl~ _ on the ~ th dey of APri 1 ,966 ~r,d a like sum on tha corresponding day of each moNh there-
after unti) ihe whote be fully paid.
Each initallment firlt shall be appGed in paymeN of the interest and tfien on the unpaid balance of the princ~pal sum. If default is made in tha
paymrnt of any installmem ~vhen due, and wch defauh continues 30 days, lhen at Ihe option oi the holder, and without any othe~ nutice, aU the rem~ining ~
installmenu shall be due anJ payable at once. Privilege is given to prepay this note in whole or in pnrt at eny time without penatty. 'Neither forebearonce,
nor acteptante by the holder thereof after any defaull in any payments fiereon, shall be dremed extens~on. A late payment charge of ; 1~ ~0 , shell be
added to each installment remaining unpa~d 7 days after its due dnte, and a like sum iha~l be added to each such insiatlment remaining unpaid 7 days aftzr
each sutteedinq paymenl date. , ;
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Each maker, svrety and endorse~ hereof, jointly and severelty, waives demand, presentment prote~l and ~otice of protest for nonpayment, end furfher 1
agrees to any extension of time of payment, either beFore or after maturily, without notice to any of us; a~d to pay all cos~s of collection, indud~ng e
reawnaUle attorncy"s fee in the event of any defautt hereunder, and hereby severatly waives aN benefit of homestead and exemption vnder the cnnstitulion
and laws of each Slate of the United 51at2s, as against this obligation or any eztension or rene~val hereof.
Witness the hand and seal of each party. •
s,/ Theodore 0. Drescher ~sFAi~
g/ L~uiss A. _~escher . ~sEA~~
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(SERL)
S 1~ E'~ Stete Revenve - (SEAL) ;
(Stamps cancelled on original r.ote) ;
NOW, THEREFORE, the MORTGAGOR for the purpose of ~zcuring payment of said sum of S- 1~0 * 00 and the performa~cc of the '
covenant: and agreements hereinafter expressed, and for divers good and valuable considerations, by the~e p~e~ents, dxs gron1, bargnin, sell, remiee, '
retease, tonvey and corifirm unto the MORTGAGEE, ifs succ~ssor~ and assigns, a!I that certein lot, piete or parcel of lend, iituate, lying, and being fn the
County of SRln~ LuC~A end Stete of Florida, deuribe~ es follows:
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Lot 20, B1ock 5, Fort Pierce His~hlands, Unit #1, as aer plat thereof reror- ~
deci in rlat book 10, pa~e 2q, public records of Saint Lucj_e County, Florida~ s
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~ REGEIYED f"""" 1NTA!iGIBLE PrR:,~`?'~' '
tjt'Z~U~ DUE_ONCIASS"C' ~-(S:;ct:a~1.
~ v L_ ~ ~~A:{ PU.~SU~NT TOCHAPIER 2072t. C. vrt ;
~ ~ N,~Ac~ S~A~ G;~ ?r~~:i;, G{-rk Clr~
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c~ r ~~CVM~ = ~ for CU:7{S M. 3A~
~ Z fE6~8'65 i~'1:~;~ ' 6 5w a~ A"?~ ~aX Colloctor
J ~ _ - St. Lucie ' -
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h- U CeMPTROLtE ~ ~~,i•,'~-----"" ;
~ ~ ~9D133 - - ~ QfPUTY CL6'RK ,
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together with aii and singuler the tenemen?~, hereditaments and appurfances thereunto be:onging or in anywise appertaining thereto, and all rent~, i~s~et,
proceeds and profits accruing and to accrua from said premises all of which are included in the above and foregoing description r~d habendum.
TO HAVE AND TO ~O10 the above described and granted premises unto the ~aid MORTGAGEE, itt successwt and assiyns forever. And the ~aid
MORTGAGOR fcr ---}r8-r---_- heirs, executors, administrotors and assigns, hereby covenant~ witF? the said MORTGAGEE, it~ svtces~ors and etslpn~,
the are ~
that lawfully seized of the ~aid premisea in fee iimple; that the same are frea,. clear and d~scharged from all lieni and entvm- s
brances in law or in equity, and that~_ will and ~he~-Z' _ heir~ shall werrant and datertd the title to the same fo the said '
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MORTGAGEE, its successor~ and as~igns, forever egainst tha (awful claims and demands of all personi; }
PROVlDfD, AIWAYS that if fhe MORTGAGOR ~hsll pay unto the MORTGAGEE ihe promissory note hereinbefore deicribed and zhall truly, promptly !
ansl fully perform, discharge, execute, complete, tomply with snd abide by each and every the stipulations, agreerhenti, tondittons and covenanls of said ~
pramlisory no~e and of this Mortgege, ~hcn this Mortgege ar?d the Estate hereby created shaU ceeie end be null and void. ~
iT t5 UNDERSTOOD that the word "Mortgagor" whethe~ en fhe ~ingulai or plurel anywhere in this Mortgage, ~hall be singular if one only and E
shall be p~urol jointly and uverally if more than one, end that 1he word "thzir" as used anywhere in thi~ Mortgage :hall be taken to mean "hit;' "hen;' ~
or "its;' wherever the contezl to implies or admiti. Alw, that wherever there is a referente in the tovtnants end agreemrnti hetein tontained te nny o!
the pentes hereto, the same shall be construcd to mean a~ woll as the heirs, leyal r~presentatives, tuccestori and as~igni (nithEr voluntary by act of tM
partie~ or involvntary by oparation of the law) of the ~ame and that the covenants hetein conteined shsll bind ansi the benefitf and advantafles invre }
to the re~pectiva heirs, legal reprosenlative~, •~cces~ors and au?gns of the parties hereto.
And seid Mortgagors, for themsetves and their heirs, legal representatives, s~ccessora and assigns, hereby joinlly and severally covenant and ~gree ~
to and with the taid MORTGAGEE, its iuccessors and assigns: ;
1. To pay all end tirtgvlar the prirxipal and interest and the varioua snd ~undry sums of money payable by virtue of said promissory note, and this €
mortgefle, each and every, promplly on the days respectivety the ssme :EVerally becorne d~e. '
2. To pay all and singu(ar the taxes, assessments, ievies, ti~bilities, obfigations and er.cumbrances of avery nature and kind now on said de~uibed ~
properry, o~ that hereafter may be imposed, s~ffered, plaeed, levied, or suessed thereon, w that hereafter may be levied or asse~sed vpon this Mort~-
age, or the indebtednes~ secured he?eby, each and every, whan due snd payaule, sccordiny to law, befora they brcome delinquent, and before any inferest ;
attaches or any penatFy it incurred; AND INSOFAR AS AN THEREpF !S OF RECORD THE SAME SFIAIt BE PROMPTLY SATI$FIED AND DISCHARGED OF i
RECORD AND THE ORIGINAL OFfIC1Al OOCUMENT (SUC~ A5, fOR INSTANCE, THE TAX RECEIPT OR THE SA1ISfACTION PAPER •OffIC1AlLY ENDORSED ~
OR CERTIFIED} $HAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN OAYS NFXi AfTER PAYMfNT; and in tha event that any thereof i~ not
pe,d, saCsfied and diccharged sa;d MORTGAGFE msy at any time pay the ~ame or any part thereof withovt waivi~g or effecting sny option, Iten, eqviry or '
.iqht under or by virtue of this mortgage and the fvll amovnt of eath and every such psyment shall be immedialely due and payable and shall ba~r interest
From the date thereof until psid al rate of nine per centum per annum and toyether w~th svch interest shall be securrd by 1he lien of th:s mo?9r.ys. ~
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