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Home My WebLink About0679 THIS INDENTURC:~ MA<Ie the__ 6th__ ~.._ o.v ~.__ ,~J~t:~h..,_. ~,_.._m_~.r.-'J..ltl'=.COUM.Y~.rt~~t t>.~ _.~.Willie-Wade.Mnllardj.mdlivelynI?Iee.man MAlla"'d.hia~wifeT ~ --.---~- of. ..St. Luc.ie ~ ~ Cour.ty, FIoridIl. henliNfter dMl.,-.Nd .. the "MORTGAGOR." end FIRST FEDERAl. SAVINGS AND LOAN ~1^!I<?N OF INDI^N RIVC:R COli NTY , a corporation ors8l\iJ:.d ..-.d exJstlftt under the 1.- of the UnlNd States of Amer\Q and NV",g Its pllncl~1 plac.c cf tJuslness In the City ;>f Vero e-J\, IndUn R'YeI' County, F~id8. ~r";Nfter da1iNted Ai the "t.4ORTCfo,GfE." d WW~ the MORTc.ACOR is just~ ~~~ I'M MORTG^GEE In the sun, of Six. Thous.and.Eive H11Odred- an' nO/lWn--~--n:-.~~~~.~,=--{$ O,.~.,..IJl)..,_J Dol!.rs. &ood end I8wful money at the Unl:-* Stet.. .ctv.nc.d by thlt MO;:{TGAGEE unto tn-- MORTGNX>R. .. e-vtdenced by a certain promissory nm.. of even date ~th: oLwhich the foIk>wina In WOt" and filUres is a true copy, to-wlt: . . ?OR~ No. .,._'~'_.__n_ ~ . V.ro Beach, FIorkb, _____h~_.M<1X,Ch, 6L.~~_ ______....._.______ 196.1. For value f"8Cltived I or _ jclr:tly or severallv promise to pey to FIRST FED~RAl SAVINGS AND ~ ~:^TION Of INDIAN RIVER COUNTY, the sum of $ 6. 5.00. OO_~ __~..n.'__...__~. ..-t Its cHice in Vitro Buch. FIorlde, with Interest at the rete of._6. 6__.___ per cent per .nnum. in the followin, manner: ' $ 65. 0() U?O" the first ~f uc:h and every month her..ftt'r until the fuil prlnci~1 Wm;w1th InteNSt, has bMn ~Id; ..id monthly ~'yments sMII be aPQlled first to the ~vment of Int.rest on the unpakJ b4il8nce. and then to the payment of p<lnci~f. This note is negotiable and if default in pa~t occurs, /NIY be piKed in the hands of an .Horney at law for collection, In W+>ich event I or W('. agree .to pay the costs .of collection, including a reasoruble aHon.ey's fee, end uc:h of l'S, whether /NIker, cuarantor or endo<wr, hereby severally Willves demand, notice Ilf non-DilV.-nent .nd prutest of this note. $6~500.00 ,..s L,W ~~lli~ ._V(~de- M~l~!,cl__..____ __h. ...,___...lSeao .6/.Evely.n.Fr.eeman..Mallard.---.lSeao In the event any payment is not /NIde prior to the 20th day of the month ~ dult. then this note Iha!! boar Intee..t at the rete of 8.-4 % from the date .ny such payment beume clue and throuano..Jt the period of such delinquency. State stamps ;>aid .nd cancelled on orialnal of this note In the amount of $ 6..5.0 ,..~.--....~..-~ . . NOW, TH~REFORE, the MORTGAGOR for the purpose of securlna the payment of the said ~m of ;-O;~;;O().J)Q.----n and the performance of the coven.nts and agreements ~e~nafter expressed, III\d for divers aoad arod valUlble considerations, by these presenh, does grilnt, bilrga.n. sell, rt'm'5e, release, convey and confllm unto the MOR rc,\GEE its successors and aWllns, an that certain \of, piece or percel of lanJ, situate, lyinS and beif>ll in the Coun!)' of St. . Lucie . __.~, -- ----... and State of Florida, dest:ribed as follows: ' '-----. Lots 6 and 7. Block B, West End Addition. in the City of Fort Pierce, Florida. according to plat thereof recorded in Plat Book 2. page 5, puhUc records of St. Lucie County, Florida. , r) ~fl-- . '. . Received \' ...? -,-_in p3)mer,t ol taxes oue on CI3~ "C" Intan~:ble Personal Prop€rty pursuant to ChaP!~' La....s of fiorlda, A~t~l. . .J ~ax Collector, St lUcii~, ty, f"lr~ together with all .nd sln,ular the tenements, heredit.ments and appu,tt'Nnces thert'unto belonging or In anywise appertalninll thereto, and all rents, issues, proceeds and profits accruinll ilnd to .ccrue from wid premises, all of w+>ich .re includc-d in the above end foresolna de, scription end habendum. TO H^VE AND TO HOLD the above described and ,ranted prerT,ises unto the said MORTG^GEE, its successon and assil"S forever. And the said MORTGAGOR for thetr_heirs, executors, administrators .nd usigns, hereby covenants with the said MORTG^GEE, Its succes- sors and ..silins, that __they .are.___, ~m__._._~ lawfully slued (If the ~iC; premises in fee simple; that the same are free, clear ..,d dis, CMraed from all liem .nd encumbrances in law or In equity, and that ~ ~ they~ u ~.u will and their.. --..~. hei" shall warrant and defend the title to the s.arn<< to the said MORTGAGEE, its successors and usians, fc,rever .j;ainst the lawful claims and demands of 1111 peBOl"IS; PROVIDED, ^LW^YS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, .nd shall truly, promptly and fully pertorm, discharge, execute, CO'nPlete, comply with and abide by each .n~ every thfo stipulatl~, allreements. conditions and covenants of said promiSSOry note and of his Mortpge, then this Morteage and the Est.te hereby created shall cease and be null and void. IT IS U/jDERSTOOD that the word "Mortpgor" ....nether in the singular or plutal anywhere in this Mortplle, shall be ,insul.r if one only and shAll be pl'.Jral jointly and sever.lIy if :nore than one, and that the word "Their" U used ilnywhere in this MortPlle shall be t.ken to mean "his," "her," or "its," wherevt'r the conte"t SO i~plies or ;admits. ^Isc, that wherevt'r there is II referenct' in the covel'lilrts i1nd ag'eements herein conteined to any of the ~rties hereto, the same sha II be construed to mun a~ _II as the heirs, 'epl revresentatives, suc- cessors and assigns (either vo1untilry by act of the parti~ or invo:u.,tary by operlltion of the !.w) of the same and that the covenants herein contained shall bind and the benefits and advant.aes inure to the respective heirs, lap 1 ~t.tivtl!o, successon .nd assisns of the parties hereto. And said Mortgai>ors, for themselves .nd their heirs, legal repr~nt.tives, S'.Jccessors .nd usigns, hereby jointly ilnd severally CO~""\4nt and agree t;) and with the said MORTGAGEE. its success:>rs and ~ssigns' 1: To pay all ..rod singular the p'incipal and interest and t'-le various and sundry sums of money pay.ble by virture of said promissory note, and this mortgage, each and every promptly on tr", days respectively the same severally become due. 2. To pay .11 and sinlulill the taxes, assessments, I....ies, liabilities. oblieations and incumbrances of ....ery nature and kind now on Solid described property, or that hereafter m.oy be imposed, suffered, pl.ced, I.vied, or .ssessed thereon or that hereillter /NIY be levied or i1sseso..ed upon this Mortplle, or the i"deotedne5S secured hareby, NCh and ev~ry, when du'l .nd payablt' Kcordinll to law, before they be. come delinquent, .nd bt.fore any interest attac~ Or .ny penalt-i Is incurred; and insofM as any tt>t'reof is of record the same wll be prorroptly S<ltisfied ..-.d discn.rged of record an<..: the C'riginai official document (such as, for instance, the tax re-;:~ipt or the S<'!isfKtion pa,..er oHlclally endorse<J or certified) shall be piKed in >he hands of said MORTGAGEE within ten days next after payment; and in the ""ent th.t any thereof is not paid, SAtisfied and discharged. said MORTGJ'.G[E m.oy at llny time pay the same or any pilrT thereof ....ithout WAiving or affecting any option, lien, equity, or right under or by virtue of this Mortaagt', and the full i1mount of oach and every such payment shall be Immediately due .nd payable and ,....11 bear interest from the date tMr~f untlf paid at the I.te of $ix and siy',tentns per centum pe, i1nnum and together with such intcr"t:st shall be securEd by the lien of this mQrtpg-:. 3. To piKe .nd continuously keep on the buildings now or hereafter sitlated on SOlid land .nd on all equipment and personalty cov ered by this mortgage, with all premiums there~n paid in full, fire insurilnce in the usual sta,lddrd poLcy form; in , sum approved by the MORTGAGEE, and ft,rnado insurance In the usual standard pullcy 'orm,in a sum approved by the MORTGAGEE, in such company or compante; a, t~ MORTGAC.EE may direct: i1nO -ill fire and tornado insur~nce polir.ies on any of said buildings, any interest thErein or p.Irt thereof. in. the agareg.tt' s...m ilfo<es.ald or in excess thereof, shall contilin the usual st..~rd mortgagee clauSt; or sud, other clalJ5e itS thf! Mortgagee rnay require, makin, the Iosa ynder said policj~, uch and ~.ery, pilya!;:e to said MORTGAGEE .5 its inter~t may appeilr, and each and ....ery such policy sha:l bfo promptly usigned .nd delivered to and h.!ld by said MORTGAGEE u further security to Solid mortgage debt, and, not less tn.n t'!n (10) days in advance of the expir.tion of each p.)licy, to delivt'r to said MORTGAGEE 01 r_....al thereof, totether with a receipt for the pre:nium of such renew~l; llnd there shali be no fire Of" tornado insurance placed on ilny of said buildings, any interest therein Or part thereof, unles> in the form and with the lo~ pay.ble as afores&id; end in the t'vent i1ny sum of rr<>ney becomes r.a~ble under such ;M-L-6'l