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Home My WebLink About2262 BJJK 8 .tHIS INDENTURE. M3de the 3r.d Dey of____..^pr:il . ,Charle.S Per,ry B.ailey.JlndBa.rb~r~ Baile)-, .his wife..- m -.-- of St. Lucie .. County, Florida. twr.lMftet deIlaruted u ti.e "MORTGAGOR," .M FIRST FfOERAL. SAVINGS AND LOAN ASSOCI...,TION OF INDIAN RIVER COUNTY, a. cor,x>r3tlon orpnized end exlstl", Lnder the '-WS of the United Sut_ of America and ~vinll its principal plKn of l>uslneu in the City {\f YItf'O a.ach, Indian River County, Florida, hereinafter desllNted as the "MQR-.-CAGEE." WHF.R~~S the MORT.GAGOR IS. justb' IcRQted~~ the MORTGAGEE in the sum of... .Fjy'~ IhQJI~al1~~n Hundred and .10 11 ~ '"'...... .. '"' _.. ~ _ .. '"' _($ ~ 700. UU _ __.",l Dotlars, lrod and lawful money of ~ United Stat.. ad't-.nc>>d by the MORTGAGtE unto the MORTGAGOR, as ,vldeoced by a certain proMissory nohl of oven datI herewith. of which the followi", In ~ and fleures is a true copy, to-wit: $5, 700. 00 ". D. 19_61:, bet-.n No. ..7.12S - Yltro Beach. Florida, _u .._. .o\pr1L3..___ '___ ,___ __________ ._~. 19.6..1. For val~ received I or we jointly or severally promise to DeY to FIRST FEDERAL SAYINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of $ 5..700. O(t .,.... , lit Its elflee In Vera Beach. Florida. with Inter",t at the nlte 01.._ 6-6___ per cent per annum. ir. the followinl manner: $ 57. 00 L_ ft I ' ~ , upon the first of each and flvery month nwrea er unti the . JII principal sum. with Intftost, ~s been paid; said montnly- payments shall be applied first to the pavment of interest on the unpaid balance, .M the.-l to the paym<<\t of principal. This note is negotiable illnd if default in payment occurs, may be placed in the harY.fs of an attorney at iaw tot- collection, in which event I or we ~gree. to pay the costs of collection, includinl a rea~ble attorney's fee, and each of us, whether n,.ker, guarantor or endorser, hereby severally waives dem "..d , notice cf n,;,n-oayment and protest of this note. sl Charles...Perry Ba~_____m __.______(Serli 8/ Ba-bara_Bailey ______._______lSwO In the Eovent any payment IS not made prior to :he 20th day of the rn<.)nth when due. t"-' this note .....11 bMr ~ at the ,.hI (Of from the elate any such payment beame due and throulhout the period of sueh delinquency. State stamps paid and cancelled on orilinal of this note In the a:nount of $ ~-','Z.9ou__......... '. NOW, THEREFORE. the M()RTGAGO~ for the purpo~ of securing the payment of the said sum of $ ,~.1}J)()..OO -.---- and the performann of the covenant. and ag'~ments hereinafter expressed, and for divers eood and valuable considerations, by t'- prM<<tts, does grant. bargain, s"II, remise, release, convey and confirm unto the MOR fGACEE its successors and assillns, all tn.t certain lot, piece or parcel of 8.4% I;md, situ...te, lying and being in the County of . St. Lucie . " and State of Florida, dMcribed IS follows: Lo ts 9 and 10, Block 8, acco nii ng to Plat of Dr earn land Park Sulx:livision, whic h said plat was file d and reorded in Plat Rook 7, pag e 38, public records of St. Lu cie COUll ty, Florida. I' !i!2- in payment of taxes dU' ?,i):e:ved $~ ,,~ wna\ p:opert'l PUfSI.lIO\ \0 ('lv< ' C' In'.angI01e r d \941 '~n V' ~~ _ ,^ 0\ frYL1I6a. r>.cl I . ;"hap.el 2\.1724. La\" . , ~ Tax Co\\cctuf, Sl. LUCll~ I ~ together with all and singular the tenements, hereditamenh and appurtenances thereunto belonging or In anywise appertalnl", thereto, and all renh. i5'ues, proceeds and profits accruinll and to accrue from Slid premises, all of which are included in the above and forecoInc de- scription and habendum. TO HAVE AND TO HOLD the above described and Cnln~<ld premises unto the said MORTGAGEE, its successon and asslcns foreo.-er. And the said MORTGAGOR for th e~irs, executors. administrators and assigns, hereby coveNnh with the said MORTGi\GEE, Its SUCC8$- sors and assigns. that they.are.. _ __..._Iawfully sie?:ed of the S<lid pre:nises In fee simple; that thll SlIme are free, dear and dls- charlled from all liens and encumbrances in law or in equity, and that t hey will ~nd their.. .--- heirs shall warnnt .M defend the title to the same to thli said MORTGAGEE. ih SUCCflSSOrS and assilns, forever against the lawful c1aims.M demands of all persons; PROVIDED. ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and shall truly. promptly and fully perform, dischargfl, execute, complete. comply with and abide by each and every the stipulations, alreements, conditiOns and covenants of said promissory l')()te and of this Mortgage, then this Mortllage and the Estate hereby cruted shall cease and b<. null and void. IT IS UI jDERSTOOD that the word "Mortllallor" whether in the singular or plural anywhere in this Mortl'll, shall be slngul,lI If one only and sh<lll be plural joontly and severally if more than one, and that the we,d "Their" as used anywhere in this Mortgale shall be taken to mean "his," "he.," Or "its," wherever ::'" context so implies or admits. Also, tmt wherever there is a referonc6 in the COYer\i:nts and 3greements herein ccmtalned to any of the p.lrties hereto, the same shall be construed to mean as well as the heirs. l4Ial represt'f\tatives, sue. ccS~O", 2n1 assigns (either voluntary by act of the parties or involuntary by operation of the Utwl of the same and that the covenants herein conta,nC'd sl,all bond and the bend,ts and advantages inure to the respective heirs, lepl representatives, successors and asslgn~ of the parties hereto. An,~ "lIl MC"!iPCo,s, kr thernse',,'s and their heirs. legal replesentatives. successors and assigns, hereby jointly and severally covenant and "gr"" t') and Wlte, th> said MORTGAGEE, its SUCCCS'""rs anoj .1Ss:,;ns: 1: To P.i) ail .1nd singu"', the prtncipal ,end inler,",t and :',e vzrious and sundry sums of money payAble by virture of said promissory note, and this mortg.lge, each anj every p,omptly on the days respectively the same severally become due. , 2. To pay all and singular tl", taxes, a~smen"s, levies, liabilities, obligations and incumbrances of every nature and kind now on saId described property. or that he,eafter may De imposed, suffered, placed. levied. or assessed thereon or ttwot hereafter may ~ levied or assessed upon this Mortgage. 0' the indebtedness s~ured hereb'" each and every, when due and payable according to law, before they ~ come delinquent, and before any interest dttaches or any penalty is incurred; and insofar as any thereof is of record the same shall be promptly satlsfiM dnd discharged of record and the original official document (such as, fa, instance, the tax receipt or the satisfactiM'l paper officidly endors,'d or certifi~) shall be placed in ~h<! hands of said MORTGAGEE withi~ ten dzys next after payment; dnd in the event t~t any thereof IS not paid, satisfied and discharged, said MORTGAGEE may at any time pay the same or any part thereof without w"'ving or affecting any r,pi,'~n. lien. equity, or rillht unde, or by virtue of this Mortg'ge, and the full amount of each and every such payment shall be immedlahlly jue and payable and shall bear inte'e't f,om the da'" therC'Jf until paid at the rale of six and six-tenlhs per centum per annum and together with such ,nterest shall be secu,ed by th' lien of 'his mortgage, 3. Yo place and continuous!. k"ep en t,e buildin~s now or hcreafter situated on said land and on all equipment and personalty cov. 'r.red by this m0rt;:a"e, wit" all pr,'rriums '...."'e0n paid in full. fire insurance in the usual stand.>rd policy form, in ;:. sum approved by th" \10RTGAGEE and torn3do ir.sur?nc' In the u,ual stand",d policy form,in a sum approved by the MORTGAGEE, in such company oJr companies 1-, the MORTGAGEE may direct; and all fi'e and t:Hr-3dj insurance policies on any of said buildings. any interest .he.ein or par~ thereof, in the 3g;lre~at" 'um aforrsaid or In exc~'s ~hel'X)f, shall con:ain the usual stand~d m~'lg3gee ciJuse or such other clause as the t.~ortgagee md)" ,,'qui.e, m.lking the loss under said policies, eitCh and every, payable to '>Zid MCRfGAG::E as its interest nay appear, and each ilnd fNery 'uch pelky shall be promptly a~signed and delivered to and held by said M')RTGAGEE as h.Hther security to said martgage debt. and, not I,,,.s th.," ten (1 Q) days in advance of the expiration of each policy. to deliver to said MORTGAGEE a ,erewa! thereof, together with a receipt i" the p.,'mlur" .)f such renewal; and the,e shall be no fire Of torrudo insurance placed on any of said bui!dings, any interest therein Or D"~ :"'" ,'.~n'e5' ,n the /(>rm and "ith tl;" In:;s papale as aforesaId; and in the event any sum of money j;,eo:ornes payable under such a' 261 ,