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Home My WebLink About0682 THIS INDENTURE. M.de the ~Qt",.. OIly of_'..'_, ,,' Plo'yd..C~, :VOu.lJg ,~D~ Q.\~,J...,Yq\lQ~_ ~is,lYlfe Jl,1I)~ 13 PACE682 " ,...... A. o. 196J,. '*- - of .'" SL,Lucie ,'...' County. FIorlcM. heninefter Mi,Nted al the "MORTCAGOR," and FIRST FEDERAL SAVINCS ...NO LOAN ASSOCIATION OF INDIAN RIVER COUNTY, . fOrpOf'atlon orpnlzed and exIatl"l under the laWl of the United Sta_ of Americ.I and havlnc ita prinel..-I place of buslneu In the City of Vera 8eKh. Indian River County, Florida. her.lnaher defllNted as the "MORTCAGU." WHEREAS the MORTGAGOR II jultW ~lQ the MORT<:iAaE In the sum of Six" Tbousand~::..~ - - - - - - - - - - - - - - - - - - -:,:, -,::,- - ~ - - - -::::: -:,~, -: ($D.,UUU..UU ,..J Dollars, iood and lawful money of the United St,t.. advanced by the MORTCAGEE lM\to the MORTGAGOR. .. ew6denced by . C*t.ln promissory note of even ct.t. herewith, of which the foIlow1nt In words and fl.". II . true copy. to-wlt: /J. 000.00 No., 726,2, Vera &.ach, Florid.. ,...,J une 30." ,'" ,..---'." 1961, For Y11lue .-.celved lor _ joIntty or _.11y proml.. to DoIlY to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATI~ OF INDIAN RIVER COUNTY, the sum of $ 6. 000. 00__ ' ..... -.t ita office In Vero Beach. Florida, with InN...t at the rate of ,6.6. ' pel cent per alV'Um. In the followin. !'TYnner: $ 60.00, upon the first of uch and lIWry month hereaher until the full principal aim. with Interest. has bMn paid; said monthly paymenta iNlI be ..pplied first to the DoIIvment of Int....t on the unpaid lMIlance. and then to the pa~ of principal. This note is n8lQtiable and if def.ult In payment occurs. n\IIY be placed in the hands of an 'attorney at I.w for collection. In which event I or _ ..... to pay the costa of collection, Includi", . reason..ble a<<arney's ,", and ecch of us. whether n\IIk.i, I\JArantor or endorser, hereby severally _Ives demAnd, noti::. of nGn-OaYl1*\t and protest of this note, s/FltJyd,G., Young, .' ,..(Seal) s/OlaJ.,_ young.".... ......,_ ,.. _____....._"...,<Seel) In the event any payment is not ...-..de prior to the 20th day of the month when due. "-' this note iNlI bur In'-' .t the r.N of 8,"96 from the date ..ny w:h payment became due .nd thlOUlhout the period of such delinquency. State stamps paid and cancelled on ori.iNI of thi; note In the .mount of $6~ 00t- ~,~~.~..~,~ . NOW, THEREFORE, the MORTGAGOR for the purpose of ..curin. the pa~ of the uld \Urn of $ 6.000.00,. and the performance of the covenanta and a.reemenh herelnah.r expresMd, and for divers Iood and v.luable conslder.tlons, by ~ pr~ts. does ir~nt, boariain, ~II, remise. relene, convey and confirm unto the MORT<;.l\GEE italUCXlllSOlS .nd asallftS, .n that cert.ln lot. piece or parcel of land, $i1u.J1.. Iyln. and beini in the County of St. Lucie and Stat. of Floride, dncrlbed IS follows: The S-I/2 of the N-l/2 of the SE-l/4 of the NE-l/4 (If Section 24, Township 35 South. Range 39 East. excepting therefrom rights of way for all existing roads. Re~c:ved t \ ~, 0 0 In P3yr.lent of taxes due on ClJss "C" Intangible Perso:!al Property pursuant to Chapter 2 24, laws of FlOrida. Acts 0 , ,\' ~ ax Collector, St. Lucie County, Flor' topther with .11 and IinJular the ~ta. hereditaments and i,ppurt-*'C. thenunto beklnll", Of' In ~ InI", tfiereto, and all ranta. 1--. proceeds and proflta IClCIUinI and to accrue from _Id preml-. .11 of which a,. lneluded In the abow and to...... de- ICrlptlon and habendum. TO HAVE AND TO HOlD the ebow dllctibed and .,.m.d pr.rniMl unto the ..id MORT<:iAaE. Its ~ and -..IIN forever. htd the said MORTGAGOR for...,thelI:heIn, eMCUtorI. aQWnlstr.tors ar.d alll.... heraby coverwnta with the ..Id MORT<:iAaE. Ita sucxes- 101I and asallftS, thaL,_,Ih~Y,J!r~_,__.."m_m' lawfully Mud of the ..id preml_ In fee simple; that the same .,. free. deer and dls. charted from .111.... and encumbr-.ncel In law Of' In equity, and that ., ,tn~y..,.., will and ,thelr ____, M!!'I iNlI ~ and defend the titl. to the ume to the SlId MORTGAGEE. 1tI1l~ .nd asallN. forever ...inst the lawful cblms and demandll of.1I penoN; PROVIDED. ALWAYS that If the MORTGAGOR INII pey unto the MORTGAGEE the promInory not. hereinbefore delcribed, and INII truly, promptly and fully pItrlortn. dItcha,.., ex8CUte, complete, comply with and .bid. by each .nd every the atIpula~ -..r-ts. conditions and ~ of uId ~ note and of this Mortp... then this Mort.... and the Estate hereby c:ruted iNII ~ and be null and wid. IT IS UtlOERSTOOO that the ~ "Mortpp" whetIwr In the Jlncular Of' plur.1 anywhere In this Mortpp, shall be slnlular If one only and iNII be plural ~ntly and scrvwally If more then one. and that the word "Thel'" IS used .nywhere In this Mort,.,. ....11 be taken to In$II'I "his," "her." or "Its," wt.rev.r the cont.n 10 impIleI Of' ~its. Alto. that wherever there Is a ,.f..-nce In the covenants .nd a'rMmeI'lta herein contained to any of the pert'" hereto. the ume iN II be construed to mean IS well IS the heirs, ....1 resw-t.ttves, IUC' ~s and assIl"I (either voIunt..., by act of the pertles Of' InvoIunt. ry by oper.tlon of the lawl of the same .nd ttwt the coverwnts herein contained shall bind and the beneflta and advanta... __ to the ,.spective heirs. ....1 ..~tatl_, successors and ....IN of the parties hereto, .. And wid Mortpcors. for themselves and their heirs. ....1 ,.,.:senlaliVfi. wccesSOr$ and a..i,M. hereby jointly and sever.lly ~t and a.r.. 10.nd with the ..id MORTGAGEE, Ita successors and assilOs: 1: To pay .11 and slnlular the principal and Interest .nd the varbus arvj sundry sums of money payable by virtur. of said promissory note, and !fob mortp.-. eech and every promptfy on the days r.npectively the ~me sever..lly become due, 2. To pay .11 and sI"",lar the t_, ~ta. levies. liabilities, obli..tloru ~ IncumbrMCel cf every Nture and kind now on ..id delcribed property, Of'thet ....fter may be ~, 1Uffered. placed. levied. Of' ISMIMd thet'lOrl or that he,..tter may be I.v'.ed Of' ......t upon this ~ Of' the 1ndlIbta- secured hereby. eech and every. wtwI due and peyabIe ac:cordi"l to law. before they be- come deI~t, and tiefore any In...... attacNs or any ..-.J:-t II Incurred; and 'NOt.r IS .ny thereof II of I'lKOId the same iNlI be promptly satllfled and dillCher.-l of rKOrd and the oriliNl official document Uuch as. for instance. the t.x receipt Of' the utllfllCtlon peper offlcially endorMd Of' certified) _II be pI.-d In the hands of said MORTGAGEE within ten ct.ys nen aher peymer.t; and In the event thet.ny thereof II not peId, IItbfled and ch:ha~ 8Id MORTGAGEE may" any tlm. pay the ..me Of' any pert thereof without -1vinI tN .ffKtIna any optkJn. lien. equity, tN ::t: .. Of' by virtue of this ~. and the full .mount of uch and every such p.yment shall be ~Iy due and peyabIe and _ ., Interest from the daN thereof until peld .t the r.N of six and slx.tenth& per c.ntum per annum and totether with euch Interest ....1 be secured by the lien of this ~, ' 3, To pIKe and ~ keep on the buildinp now or her..fter sltwted on said land and on all equipment and penor;.lty coy. lItWd by this mortpp. with all prwniums thereon paid In full. flra InIur~ In the usual stand.rd policy form. In . sum .pproved by the MORTGAGEE, and NmIdo Insurance In the usual atanderd policy form.in . sum approved b-, the MORTGAGEE. In such company Of' companies IS the MORTGAGEE may direct; and.n fi,. and tornado lnIurance poIlclea :In.ny of..id buildinp, any Int~ therein or part thereof, In the ...,... __ .tor.aId Of' In DaII tt.reof. "'11 contain the ..-I standard mort..,.. c1alae Of' such other clause .. the Mort..... may require, rnekJnc the _ under uid poIIdes. eKh and ~, ~ to said MORTCACEE II Ita Inte...t may APPMr, and eKh and every such policy ...n be promptly .....- and delivered to and held by.IAid MORTGAGEE.. further security to ..Id mort.... dtbt. and, not lea then ten (101 days In advance of the expiration of eech policy. 10 deliver to said MORTGAGEE. _I thereof, totether with . receipt for the pr",,*- of such _I; and thiN "'11 be no f1,. Of' tornado insurance .Meed on any of said bulldi",s, any interest ther.ln or part ttwr.of. unlea in tho! form .nd with the Iou peyatN IS .foreuld; and In ~ event any -.n of money IM/cornes peyable under such 2M-2-40 .