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THIS 21st ,",-, of March
. ,. INDENTuRE, ~ade the.n ... ...., .__,n.
" _Jr;.. . C.~l'?~~ _~~Je_~.~~_~~.._~.'?~r!'_n~!.~.)Vif~!- .
(>f .n --- St. Lucie ... .n_ Cwnty. Florid., huelnett.r deIl'Nll'ed AI the "MORTGAGOR," "nd FIRST FEDERAL SAVIt~ AND
LOAN ASSOCIATION Of INOIA~~ RIVER COUNTY, . corpoTltion orpnized and nistin, under the I."" of the United St.tes of Amer1w
and havinll its principii piKe 0' buslnesa In tha City of Vero Beech, Ir~n River County, Florida, hereinafter deslanated as the "MORTGAc:EE."
H ndWHjR~.4tl1f_~ is J~tlK~.d tAA"'-:a MORTGAGeE In the sum of Twenty ::nine Tnous.and.FiYe._
u reUnan(.A 00/ lW - .:":_- ~_~. ('$6.Y...))W._W ___) Oollar$, aood and I.wful money of the Unit~ St.tM adv.nced by the
MORTGAGEE unto the MORTGAGOR, .. evt<Senc:.d by . cert~ln ~iS$Ory note of even date herewith, of wnich tM followin, In words
.nd fllUres Is . true copy, to-wit:
., A. O. 19 61
~n
711 n
No, . __0'_._.. _
Vero Beach, Florid., 'm_ . Mar.ch.21. 1961
For ....Iue received I ~ _ jointly IN ..........lIy promise to DIY to FIRSf FEOf:RAL SAVINGS AND LOAN ASSOCIATION OF INDIAN
RIVER COUNTY, the sum of $ 29;__~~~_QQ__.n.. n__ m., .t Its oHice In Vero Be.ch, Florid., with Interest .t t"* r.te of . 6L 6.
per cent per .nnum, In the followin, manner:
$ 2~.2.00.. .. upon the first of e..ch .nd every month hereafter "ntll the full principal sum, with Interest, has been paid; said
monthly payme"ts shall be .pplied first to the payment of inter..st on the unpaid b.1.nce, .nd then to the payment cf principal.
This note is negoti.ble .nd If def.ult In payment occurs, may be pl.ced in thfl holnds of .n attorney .t I........ for collection, in which
event i or we a,'ee to pay the costs of collectbn, Includina a reason.ble .tto;ney's fee, an<' each of us, whether ~ker, auarantor or endorser.
hereby severally wai...es demand, notice of non-OIvment .nd protest of this note. .. '"' '
.s/K~. C.Sl().an .,e Cli( ....f..:.'. _. ,Se.n
In the e,/Q1lt any plyment is not made prior to the 20th ct.y of the~;!:~-::~ Sl:-:;:t;~::~~~~:7;:! ~::~:
8.4 % from the date any wch plyment Mcame due and throulhout the period cf-suc:h de Ii nquen<.y,
St.te it.mp$ paid and ~elled on oriainal of this no'e In the amount of $ . ~9.. 59..._ ,
NOW. THEREFORE, the MORTGAGOR for the purpoK of Mcurina the payment of the said sum of $ 29, ~OO. 00 ..nd the
peorlormance of the c:ov~ts .nd 'Ireements hereinaft.. expr_~. and for divers aood and valuable considolrations, by these presents, does
,r.r.t, barpin. sell, remise.. release, COfwey and confirm unto the MOR fCAGEE its successors .nd assians, .11 tNt cert.ln lot. piece or parcel of
$ 29, 500. 00 _
land, si'.J'lte. Iyln, and belni In the County of
St. . Lucie . p. _
... . n .nd St.te of Florida, described as follows:
Lots IS and 16, Block 1. according to Plat
of Sunrise Estates Subdivision, as per plat
there of recorded in Plat Book 8. page 75,
public records of St. Lucie County. Florida.
LJ"
Received $Z - in \X1~mellt C: 'd'CS due
on Class "C" InlanRI Ie Personal Prc;>€r:1 fJt.:r$uan: \0
Cha~e( 20724, l 0 Florida, Act~ of 194 L
Lucie County. Florida
tot.ther with .11 and s1nrular the ~ts, heredlt.rMnb and appurtenancas thereunto belonsin, or in .nywise .ppertainlna thereto. and
.11 renb, i~. p~ .nd proflb ac:cruln. and to accrue from wid premises, all of which are included in the above and foretoins de-
ICriptlon and haI>>ndum.
TO HAVE AND TO HOLD the above described and ,ranted premises unto the said MORTGAGEE, its succeuors and ,uSiSrlS forever.
And the said MORTGAGOR for_~~Jr_helrs, .~. adminlstr.tors .nd ASslans, hereby covenants wi", t.... said MOPTGAGEF., its succes.
sor: and .ssllN. thlt___mthey..&J:e....____n.____.__lawfully slued of the said premises in fee simple; that the same are free, clar and dls,
th · .
chll,.,ed from .11 liens and encumbr.nces In l.tw ~ In equity, and thit u ley_ _mnm_. will .nd_ t.i1elI'._ .____ heirs shall warr.nt and
de-fend !toe title to the ume to the uld MORTCl,CE::, Its suc:cason .nd .ssr.....s. forever aa..inst the I.wful claims .nd demands trlall persons;
PROVIDED, AlWAYS tNt if the MORTGAGOR ".,.11 ply unto the MORTGAGEE the promlS$Ory not. n..relnbefore dacri~, wld
shall tnlly, promptly and fully perform. d1sc:harse. eMCUta. crvnplete, comply with and auirie by each .nd every the st;pulaiions, a.reemenb,
conditions .nd COWNnb of wid premiaof)' not. and of this Mort,.,e, then this MortiB.e .nd the Estate hereby created shall cease and be
null and YOIci
IT IS UtlDER..<:TOOO tNt ttM word "MortPlIlN" whKher In the singul.tr or plural anywhere in this Mortaalie, sNIl1 be sinsular if one
only and sNlI be plural jointly .nd sever.11y If more than one, and that t~ word "Their" as ",W<! .nywhere in this MOf1~.clle shall be t.ken
to mean "hi,," "her," or "its." wherev.r the context so Implies or admits.. Also, that 'Nherever there is . reference in the cover.ants and
agreemenb herein Cf.lnt.lned to .ny of the plrties her.to, the same shall be construed to mean as well as the heirs, lelll representatives, wc-
cessors .nd .ssllN (either voluntary by act of the partl", or Invo!unyary by operation of the law) of the same .nd that the Covenan" herein
cont.lned shall bind .nd the benefib .nd adv.nt..., Inur~ tQ the respective heirs. Ie.. I ..-presentatives, successon and .sslans of the
p. rties heotto,
And said MortPIlOfS. for themselves and their heifl, I...' represent.ti...... successors .nd assians, hereby jointly .nd severally covenant
.nd .iree to .nd with tho said MORTGAGEE, its succesSjrs and assigns:
1: To pay JIll and sinfular the principal and interest 3nd t"e various .r.d sundry sums of money plyable by virture of szid pror.,issory
note. and thI. mort..... MCh and every promptly OM the days f~'1YeIy !toe ume .....,.11y become due.
2. To pey ell and ........' the ~ 1I1f1l".,ts, ......... llablllt.... obllptions .nd Incumbrances of ~ nature and kind now on
uld ~ property. 01' !hit .....fter In5y be Impoeed, lUff.red. plac:ed, levied, or ISMSIed thereon or tNt he....ft.r may be levied ~
a-.-f upcItI tNa Mortpge, 01' "" "t<MbtC>dl_ _..:I '-'.by, _h and every, wtW'l due .nd p.;y.ble aco;ord"" to I.w. before they be-
come de~t, &In:l befor. ""'" Irttwe:st ~ ~ arry pene~ 'S Inc:unwd; ~ lneofar as arty thereof Is of record the ~me shall be promptly
satisfled and dls.c.w'" of record end the oria;filll offlda! cIocum<<rt lauch Ill, for Instance, the tax r~lpt ~ the wtisf.ctlon paP'"' oH,cl.lly
endonecI or CMttfled) wll be placed :n the hands of said MORTGAGEE within t~ days next .ft.r payrMtnt; .nd in the event that .ny thereof
ill !'lOt pefd. u"stied arid d!st:herlied, sald MORTGAGEE may lit .ny tlM. ply the \11'1>> Of any pI.t thereof without .waivi", Of .ffectin, any
option. 1'-. equity, ~ n~ ~ or by virtue of this Mort..... and the full amount of uch and ~ such paYrMnt 5h.1I be j~iat.ly
due .nd payabM &nd NIl bear ~ from the Glte ""reof until plld at the rat. of six and six-tenths per centum per .r.num .nd tcaether
with IUCh In~ shall be MCured by the lien of this mortp,..
J. To place a.'ld c:ontlnucully keep on tn. bulldir.p now ~ her.tafter situated OM saId I.nd and on .11 equlp;nent and personalty cov-
ered by ihls mort,.S-, with .11 premiums :her<JOl'l p;l1d In full, fire insurance In the usual st.nd.rd policy form, in . sur.'! approved by tht!
MORTGAGEE. ~ tornado ,iilsuranee in tf:'e _I !tandard policy form,in,' I'JfTI appr~ by the MORTGACEE, in 5'JCh com~ny or companje~
as the MORTCA...EE mll'f direct; 1.'"Id .11 ,lr. and tornado Insurance poliCIes on any of uld bulldtn", .ny Interest therein or part thereof, in the
..,......te IUm af..vau14 Of In ex_ t!~~f, oihall contain the _I st~rd mort..... clause IN such other c1.u.;e as the Mortaagee m.:ly
require, tMkintI thtI So. uncMt ~kf ~IQ,'S, NCh .net ..,.,. ~ t? said MOR'f:.C^GEE as Its interest may appear. .nd each and every
wd1 pollc, .....11 be promptly ~ and ~Ivered to and M,d by said MORTGAr..EE IS furf!-'" security to said IT'Ortsage debt, .nd, ~I
... then 1M (0) daYl'In advwv:..of the oIXf:~rattOr'l of uc:h poIk:y. to deliver to uld MORTGAGEE a r~1 thereof, loaeth"r with. receir.t
fIN the .".mi..-n of such --. and tt-e shall be no fire or tornado Insurar.ee ptaced on .ny of uld buildings .nv interest there,., or
part therwof, un:- In the form and with th. low payable .. .fCK~ld; and in the hent .ny sum of money ~. ply.ble under such
2M-2-40
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