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Home My WebLink About1748 ',.1\. tl'J 15 PAGt 298 July his wife 61 . A. D. 19 . ~ THIS INDENTURE, Made the 25 Dey of nm ... E. C. Collins~ Jr. and Marilla G.Collins. of Sl. Lucie ~ty. Florida. hemnett.r daI'l\IIted AI the "MORTGAGOR:' and FIRST FEDERAL SAVINGS ^':'ID LOAN AS'.ocIATlON OF INDIAN RIVER COUNTY. . corponltlon o,.~jzed and .xlltlne under the a.WI of the Unlted Sbtes of Amerta .nd ~,"n~ .a pronciPAI place of business in the City of Vera Beech, Indi.n RiYef County. Floridll. hereiNfter ~i.".ted u the "MORTGAGEE." WHEREAS the MORTGAGOR il justly~~ ~,jh. I..AORTGAGlE in the sum ofFarty_Thousand.--~-~.:..=..:..:..::....--~ - - - - - - - - - - - - - - - - - - ~ ~ - - - ($ 40, UUU. W ..J DoII11rs. aood and I.wful money of the United St.tes lldv~ by the MORTGAGEE unto tho! MORTGAGOR. .. ..,idencsd by . e>>rt.ln promissory not. of even dlIte ~th, of which the foIlowinc In words "nd ',.ures is . true copy, to-wit: $40,000.00 No. 7~~l'i . Vwo Bueh, Floridll. July 25, 1961 - For v.l_ received I CK _ jointly Of lie'....11v DrOmIM to DeV to FIRST FEDERAL SAVlf;oIGS AND LOA..... ASSOCIATION OF !NDIAN RIVER COUNTY, the sum of $ 40,000.00 , .t its office in Vero Beach. FICKidll. with internt .t the rllte of 6 per cent-per .nnum. in the followin. manner: $314. 00 upon the first of eKh .nd every me ,th he,ufter until the full princiPAl sum. with Int.rnt. N~ been PAid; said mon:r.ly payments s~1I be apolied 'irst to the Pllvment of internt on the unPAid blla.nce. .nd then to the payment of prlnC'PAI. This note is negotiable .nd if debult In Pllyment occurs, may be plllCed in the hands of an .ttornev lilt I.w for collection. in W+-Oich e>ent I cO" we _lIree '0 PllY the costs of collection, includin. . reasonable .ttarney's fee, .nd eac,", of us. whether maker, ,Uollulntor or endoner. herO?Cf se'llt"rally w...es demand. notice of non'Pllyment .nd protest of this note. s/E. C. Collins, Jr. (Sun s/Marilla G. Collins .(Seal) In the event "ny payment is not made prior to the 20th dlly of the month when due. then this note shall bur Interest at the r.te of 8" % from the dllte any such Pllyment became due .nd throuahout the period of such delinq.JenCy. :'tatc ,lampl paid .nd cancelled on ori.inal of this not. in the ..mount of $ 40.00. ROW. THEREFOR{. the MORTGAGOR for the purpose of securing the Pllyment of the Sllid sum of $ 40.000.00 .nd the perfo'man(.e of the cO\lenanh "nd ".reements hereinafter expressed, .nd for divers .ood .nd v.IUllble considerlltions. by these presents. does 5ranl. wrl",n. sell, remise, reluse, convey llnd confirm unto the MORTGAGEE its successors .nd ..si.m. .11 ....t e>>rtain lot. r-iece Of' PArcel of I~n.j, s,tUdte. Iyine "nd befnl in the County of St.. Lucie. _ ... llnd State of Floridll. described u follows: Lot 2 of PETSAS Sr VIVOUDIS RE-SUBDIVISION of LulS 2. 3 and 6 of Block 1 of Carlton's Addition according lO PIal lhereof recorded in PIal Book 4, page 11 of lhe public records of St. Lucie County, Florida. CJ 0 ?; ~ -) ro. 0'> ' "'0 Q f't. ~; ~. ;- ..,' 0:... And \\ Beginning at a point \=.here lhe South line of 0 range Avenue intersects the Wesl ighl of way line of lhe Florida East Coast Railway Sr, which is 25 feet at ight angles from center of Y track; thence in a Westerly direclion along the South line of Orange Avenue 62 feet; lhence in a c SOUlherly direction al right angles to the South line of Orange Avenue l~ 114 feet lO a point on the right of way line of said Florida East Coast II Railway Y; thence in aN.. ,rtherty direction along righl of way line of sai i: Y lO place of beginning, containing approximately 3600 square feet of land': together with all "nd sln",l.r the t-..nts. ho!reditaments and appurtenllnces thereunto belon.ln, CK In .nywi.. llppef'talnlnl . end .11 rents. iuues. proceeds .nd profits llCCruin, .nd to accrue from said premi_. .11 of which .... Included in the IIbove .nd foretoine de- scription and Nbendum: TO HAVE AND TO HOlD the above described .nd ,ranted premises unto the said MORTGAGEE, its suc:ceuon and uslans forever. And the said MORTGAGOR for their ..hein. .xecuton, adminlstr.ton and ..si,M. hereby coveNnts with the said MORTGAGEE. III IUCaIS- SOtS llnd ..si.ns. tNt tlley at t:... lawfully Ii.zed of the said premises in fee simple; tNt the same .re free, deer end ell' char led from all Iiem .nd encumbrllftCes in a.w CK in equity. .nd tNt. ~Vh ..- will and n their ___. heirs shall _rnnt end defend the title to the same to the said MORTGAGEE, III suc:cesson .nd ...I.,lS.lor.....r .Iainst the lawful c1.ims and dem.1lnds of.1I perICInI; PROVIDED. ALWAYS tNt If the MORTGAGOR INII pay unto the MORTGAGEE the promissory not. herelnbefcY.e descrlbed. end shall t",ly. promptly and fully perform. dlscherle. execute. complete, comply with and .bide by uch .nd eYery the Itipul.tions, .,reemMts. conditions and COYenllnts of said promissory note and of tNl Mortple. then this Mo...... .nd the Est.te hereby c....ted INII c.... .nd be null and void. IT IS UtlDERSTOOO tNt the word ..MOf....CK.. whethet' In the Ii"lua.r Of' plur.1 .nywhar. in thil Mortp,., shall be Iin","r if one only .nd shall be plural jointly .nd severlllly if more thIIn one. and th.t the word "Their" .s used anywhere In this ~ortpae shall be t.ken to me"n "his." "her," or "its," wherever the context so implies or lldmits. Also. that wherever there is E ...ference in the cOYtINlnts .nd .greements her.in contllined to .ny of the ..rtin hereto, the same IN II be construed to me.n .s _II .s the hein. Iepl r~tatlWlS, SUC. cessors- and assi.ns (either volunt.ry by llCt of the Pllrtles CK Involunt.ry by operation of the a.w) of the same and that the COVenlll\ts herein cont.ined sNIl bind and the benefits and adv~t.... ..,.".. to the r.spectlve heirs. Icpl nlptesent"tives. successors and usians of the Pllrties hereto. "'.J ""id Mo'tll"gors. fer themwlves llnd their heirs. 1...1 repr~sont"li\les, successors "nd .ulignl, ~reby jointly "nd SIlver.lly c~nt and .'SIt'e I') .nd with the said MORTGAGEE. its succnsors .nd assi",s: 1: To poly "II .nd sin.ul.r the princiPllI .nd interest .nd t.... v3rious "rv.l ,undry sums of money pay.ble by virlure of Sllid promissory note, "nd this mort.ale, each "nd ev.ry promptly on the dllys respectivelv tt,e Sllm~ w'lIer.:ly become due. 2. To pay all and si"",l.r the tues, .ssesSftWnts, levies. Illlbilities, obliptions .nd incumbrllnCeS of every Nture .and kind now on said described property. CK that hereefter mllY be impoMd. IUff.red, piKed. levied. CK .ssessed thereon or tNt herufter mllY be levied CK .ssessed upon this MortPle. CK the indebte4nnl MCUred ~reby, each .nd .....ry. when due and pe)'llble KCOrdinl to law. befOf. they be- come delinq.,.nt, .and before ~y ;..t-feSt .ttaches Of ~y penalty Is incurred; and insofar lIS any thereof is of record the same shall be promptly Slllisfied and dlschllraed of record .nd tho! ori,iNlI offici. I doc:urnent (such lIS, for inst.nce, the tax receipt or the satisfllCtion PAper offlcl.11y endorsed or certified) shall be placed in the hands of said MORTGAGEE within till' dllys next .fter PAyment; "nd in the event tNt llnY thereof is nOt pllid. satisfied end diSCNraed. said MORTGAGEE IN'f .t lltry lime plly the same CK .ny part thereof without _ivinl CK .Hectin. .ny option, lien. equity, Of rlaM under Of by Yirtue of this Mort..... end the full .mount of uch and every such ..yn"" _".1I be immed1.t.ly due ar,d Pllyable and INII bear interest from the dllt. thereof until peid at the r.te of Iix Jf~1I1IhI pet" centum pet" llnnum end :~ with such interMt INII be MCUred by the lien of this mortp... 3. To place and continuousl}' keep on the buildinp now or herMft.r situated on said a.nd "nd on .11 equipment .nd penonalty cov- ered by this rnot'!P,e, with .11 premiums thereon pllid In full. fire Insurllncll in the unlolll stand.rd policy form, in a sum approved by the MORTGAGEE. ana tornado insurance in the usu.1 stllridllrd policy fOfm,in " sum .ppro-ted by the MORTGAGEE, in such c~ny Of' companies as the MORT~ mr( direct; end .11 fire and tomlldo Insur~ policies on .ny of yid buildlnp. .ny interest therein or part tMrllOf, in the ...regate sum "foresald or in ex.ceu ~~eof. sNII cont.in the _I stand.1rd mort.a'e<! cl..use CK such othe, c1.usa lIS the MortP3" may require, makina the ~ under ,,!Id poliCies. "Kh and every. payllble to Sllid MORTGAGEE .s its inlerest m.ay .ppgr, and each and f/V~ such policy shall be ~Iv HSl."ed and ~1i~e<J to .nd held by said MORTGAGEE .1 further security to said mortP.. debt. .nd. not less thIIn ten (10) ~ III lldv~ of the exptr.tton of eKh policy. to deliver to Sllid MORTGAGEE. r-.I ttwreof. topther with. receipt for the premn"" of such _I; and .ther. shall be roo fI... Of tornado in\ur.nc" plac~d on _ny of laid buildinl!s. any interest therein or part ther~f. unless ,n the form ~nd WIth the loss PAysble as .fcr....d; .nd in the ~vent any sum of MOney becomes ......bl. under such 2M-2-60 a. c- . <T .. -