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Home My WebLink About2776 10 PAGfti~ri THIS INDENTURE. M~ the 18th Dey of " August John \\. Black. Sr. and Thelma Black. his wife of ~t. Lucie County. FlOrida. hereinafter desl,nated u the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY. a corporation or,aniled and existina undM the laws of the United States of ^,-rlca and ~ving .ts principal place of business in the City of V.ro Beach, Indian Rivet' County, Florida, hereinafter designated as the "MORTGAGEE." WHEREAS the MORTGAGOR is justw iRdtWe~Uo the MORTGAGEE in the sum of FourTbousand,-~,,:- '::-.-:::.:'-_::'~ _ _ _ - - - - - - - - - - - - - - -: - - -, - ($1. '-^JV.. W ,.) Dollars. good and lawful money of the United States advanced by the MORTGAGEE unto the MORTGAGOR. _ evidenced by a certain promissory note of even date herewith, of which the followin, in words and fllUtes is a ~ copy, to-wit: ~ , A. D. 19 6.1 . ~ 7329 V.ro Beach, Florida. August 18, 1961 For value received I or _ jointly or severally I)rOmlse to DaY to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of $4.000.,00 . at its office in Vero Beach, Florida. with interest at the rate of 6. 6 per cent per annum, in the followin, manner: $4.000.00 No. HO. 00 ' upon the first of each and every month hereafter until the full prillCipal sum. with Interest, ~~ ~ paid; said monthly payments s~1I be aPOlied first to the pavment of interest on the unpaid balance, and then to the payment of Prlnc'pal. This note is neaotiable and if default in payment occurs, may be placed in the ~nds of an attorney at law for collection, In wl1ich event I or _ agree to pay the costs of collection, includin, a reasonable a"omey's fee. and each of us, whether maker, I'Jarantor or endorser, hereby severally waIves demand, notice of non-pavment and protest of this note. a/John W. Black. Sr. (Sean s/Thelma 81~ck (Seal) In the event olny payment is not made prior to the 20th day of the month when due. then this note shall bear int_t at the rate of 8," 'l6 from the ddte any such payment became due and throughout the period of such delinquency, State sta~s paid and cancelled on original of this note in the amount of $ 4. 00 NOW, THEREFORE. the MORTGAGOR for the purpose of securing the payment of the said sum of $4.000.00 and the performance of the covenants and agreements hereinafter expressed. and for divers good and valuable- considerations, by these presents, does grant. bargain, ~ell. remise, ,.Iease, convey and confirm unto the MOR TGAGEE its succes...cors and aul.ns, all t~t certain lot. piece or parcel of land. s.IUJle, Iyin, and beinll in the County of St. Lucie and State of Florida, described as follows: The South Half (S1/2) of Lot 8 and the South Half (S1/2) of Lot 9, of Sunset Park. as per Plat thereof recorded in Plat Book 6. at Page 18 of the Public Records of St. Lucie County. Florida. O;;'~"i"::rj.$ cr Cics,; "C ,--' ~ ~~ Ch<JP~er 20 1"!.J;'~'bl --- - in, 124 l' ';.' p"{ '. /. 'l'~~" · " . g''''',,, - S<.;,'''' " ". , z.,) ", Of~' 'L, , . " .,. I Ie,,); .' ~, .-:r ~ . - 'j ~~~ <..c:.. J . . '.' ~ : ,...t_' ,,'I I TaxC~ ~ "'J.I:J ,0 u"e"I,~, ,.-~ J-;) ~. . \oJ I ,'~,... _ c t.......:..r.,......__ 't_, ' r ", ( ~, together with all and sinllular the t~ts, hereditaments and appurtenances thereunto belongln. or in anywise appertainin. thereto. and all rents. issues. proceeds and profits accruin, and to accrue from said premises, all of which are included in the above and foreaoInc de- scription and habendum. TO HAVE AND TO HOLD the above described and ,ranted premises unto the said MORTGAGEE, its successon and asai.ns forever, And the said MORTGAGOR for ,tbel1'he1rs, executors. administraton and assi.ns. hertby covenants with the said MORTGAGEE, Its succes- sors ~ assians. that .they.are . u __, lawfully siezed of the said premises In fee simple; that the same are free, cIMr and ells, chtr,ed from all liens and encumbrances in law or In equity, and that they will and ,theil;", heirs shall warrant and defend the title to the same to the said MORTGAGEE, its sllccessors and a.l.ns, forever agaimt the lawful claims and 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. dlschar... execute, complete. comply with and abide by each and fNery the stipulations. a,reements, conditions and covenants of said promissory note and of this Martp,e, then this Mort...e and the Estate hereby created shall cease and be null and void. IT IS U'~DERSTOOO that the word "Mortpp" whether In the si"",lar or plural anywhere in this Mort,a,e, shall be sinaular If ane only and shall be plural jointly and severally If more than one. and that the word "Their" as used anywhere in this Mort.... shall be taken to mean "his," "her." or "its," wherever the context so Implies or admits. Also, t~t wherever there is a reference in the covenants and agreements herein contained to any of the parties hereto. the same shall be construed to mean as _II as the heirs, ....1 repres<<\tatives, suc- cessors and assigns (either voluntary by act of the parties or involunta ry by operation of the Iawl of the same and that the covenants herein contained shall bind and the benefits and advantaaes lnura to the respective heirs. ....1 representatives, successon and assi,m of the parties hereto, Anj sai,] Mortgagors. for themselves and their heirs, ....1 repr~sent..tives, ~ucces~ors and assigns, hereby jOintly and severally covenant and .lgree to and with the said MORTGAGEE, its successors and assigns: I: To pay all and singular the principal and interest and the vari",,,; and sundry sum~ of money payable by virture of saId promissory note. ..nd this martlAge, eech and every promptly on the days respectively th~ ;ame severally become due, 2. To pay all and sin.ular the taxes, assessments. levies, I~bilities. obliptions and incumbrances of every nature and kind now on said dnc:ribed property. or thet henltfter may be impoled, suHerod, placed, .....ied. or assessed thereon or that hereafter may be levied or asseued upon this MortJa... or the indebtedrwu MCUred her.bv. etCh and eYery. wt--. due and payable accordin, to law, before they be- come delinquent, and before any interest attaches or any penalty Is incurred; and insofar as any thereof is of record the same shall be promptly satisfied and discharaed of record and the orI,inal offlc~1 ~t (such as, for instance, the tax receipt or the satisfaction paper officially endorsed or certIfied) shall be placed in the hands of said MORTGAGEE within ten days next .fter payment; and in the event that any theqof is not paid. satisfied and discharJed, said MORTGAGEE may at any time pay the same or any part thereof without waiving or affectlnc any option, Ii.." equity, or rlaht undM or by virtue of this Mort..... and the full amount of each and every such payment shall be immedlately due and payable and Ihtll bur interest from the date thereof until paid at the rate of six and six-tenths per centum pei" annuon and totether with such int_t shall be secured by the lien of this ~..... 3. To piece and continuously keep on the buildi"" now or hereafter situated on said land and on all equipment and personalty cov. ered by this mortp.., with all premiums thereon paid in full, fl,. Insurance in the usual standard policy form. in a sum approved by the MORTGAGEE, and torNIdo Insurance in the usual standard policy form. in a sum awroved by the MORTGAGEE, in such company or companies as the MORTGAGEE may clrect; and all fi,. and torNIdo Insurance policies on any of said buildinas, any interest therein or part thereof. in the a..r.ple sum aforesaid or in excess thereof, shall contain the usual standard mortgasee cl..use or such other clause as the Mart..gee may require. makin, the _ under said policies, each and avery. ~Ie to said MORTGAGEE as its interest may appear. and each and every such policy shall be promptly asianec:J and delivered to and hetdby said MORTGAGEE as further security to said mort...e debt, and. not less than ten (lOl days In adv.- of the expiration of each policy. to deliver to said MORTGAGEE a renewal thereof. toCether with a receipt for the premium of such renewal; and there shall be no fire or tornado insurance p!aced on any of SAid buildings. any interest therein Or part thereof. unless in the form and with the loss payable as .forn.i(i: and in the event any sum of money becomes payable la'lder such 2M-2-60