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Home My WebLink About0270T - lit;~ . . - ~t~ r'Q~r ~,! - 25th Qctober ~~~ THIS INDENTUkE, Mad;, the - - Day of_.-_--.. -- -- - -- --- -_ __..---- -.--, A. D. 19- .-~, br<tvtien - - - -- --_- ;vi, R, MELTON and KATj~ = NIE~TON, his wife. - -_-- -- - - _ . --- -- - --- ----__--- - of SI• L11CiC County, Florida, hereinafter daslgrwte•~+ as ttsa "MORTGAGOR," and FIRST FEJER,~L SAVINGS AND LOAN AS~OCrATION OF !~fDIAN RIVER COUNTY, a corporatim organised and existing un,far the laws of the United States of MieriCa and having its principal place of business in the City of Vero (3tach, Indian River Cou icy, Florida, hereinafter designated as the "MORTGAGEE." W E~5_the MORTGAGOR is J(St~~I-AJ\l~ the MORTGAGEE in th, sum of -~iX.~O~,lg$IIC~~---Fives-~ull~.~d-- and no~ _ O -X1l! S!V _) Dollars, good and !awful money of the United States ar}varxed by the MORTCA EE unto the MORTGAGOR, as evidenced by a certain promissory note of even 2iato herewith, of which the following In words and fi~~guMMres is a true copy, to-wit: ~7~~~~3 S6, JVS/. UU No. - .. -- - - -- - October 25,------ - - ------ - 19 62 - Vero Be ash, Florida. _--- -- --- For value received I or we Jointly or severally promise to gory to FIRST FEDERAL SAVINGS AND LGAN ASSOCIATION OF INDIAN ---- ._ , at its office In Vero Beach, Florida, with Inh;rest at the rate of -.- ~-____-- ____. RIVER COUNTY, the sum of S6: ~,.~ -- - , per cent per annum, in the following mane°r: s rJS. UU u,>on the fir-: of each and every month hereafter until the full prirxfpal sum, with imenMUf ha ^cuetn paid: said neonthly payments shall be applied first to the payment of interest on the unpaid balance, and then b the pay D Pa This note is negotiable and if default in payment occurs, may be placed in the hands of an attorney et law for collection, in which event I or we agree to pay the cysts of collectirn, including a reasonable attorney's fee, and each of us, whether maker, guarantor or endorser, hereby s^verally waives demand, notice of non-payment and protest of this note. S/M.- R. -Melton- ----- -- - - -- ---- - ---- . ---(Sean - S/Katie,`--Meltoni-- ---- - ------- - --------clean In the leant any payment is not made prior to the 20th day of the month when due, then tfils note shall bear interest at the rate of 8.4 % from the date any scch payment became due and throughout the period of such dellnquenoy. --- - State stamp. paid and cancelled on original of this note in the amount of ~ . ! - --- ec~~yy~~ MM J~iv slN_- . NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said sum of S ~, , - -- arxf the performance of the covenants and agreements hereinafter expressed, grid for divers good and valuable considerations, by these preserr:s, does grant, bargain, s^II, remise, release, convey and confirm unto the MORTGAGEE its successors and assigns, all that ce•taln lot, pieta or parcel of land, situate, lying and being in the County of _ St• LUCIe and State of Florida, described e: folbws: Commencing at the Southeast corner of 'Pratt A, as lyhown on the ~'lst of Meltons Riverview Subdivision, as recorded in P'ia: Book 9, page 43, public records of St. Lucie County, Florida, run Northerly along the Eaat boundary line of said Tract ~, a distance of 65 feet to the point of beginning, thence run Westerly on a line parallel to the South boundary line of said Tract A, a distance of 17U feet to a point, t`-once run Northerly on a line parallel to the East line of said Tract A, a distance of 3U ieetr thence run Easterly parallel with the South boundary li-;e of said Tract A, a dista~zce cf_ 17U feet to the East boundary line of said Traci A, thence run Southerly 30 feet to point of beginning. o~ !,n ~ay~ent,of ~asoant,~o t piOGnt~) ~' ReCel~ed ~ tntan~' to petson~ pcis ct :9~1 on Class '~~ r C~aP1et 2012, ~2' _ --Flu(ida -_ ie County, together with all and singular the tenements, hereditaments and appurtenances thereunto lxlongi~er t rtaining thereto, and all rents, issues, proceeds and profits accruing and to accrue from sold premises, all of whiCF~~i are ~~~ In the a e and foregoing de- scription and habendum. TO HAVE AND TO HOLD the abcrve described and granted premises unto the said MORTGAGEEc, its successors and assigns forever- And the said MORTGAGOR for-___~e1rheirs, executers, administrators and assigns, hereby covenants with the said MORTGAGEE, Itc succes- the are lawful) sleza:7 of the said premises in fee simple; Yrut fire same are free, clew: ant dis- sors and assigns. that .--.- y---- -------- -- - -- -- - y th8ir they- __ _ . will and - - -- --- ------ help stall vvarrart and charged from all liars red encumbrances in law or in equity, and that ___- .. defend the tills to the same to the said MORTGAGEE, its stlrtessars and assigns, forever against the lawful claims and demands cf all ;,arsons; PROVIDED, ALWAYS that if the MORTGAGOR shat: pay unto the MORTGAGEE the promissory Hots heroinbefore described, and shall truly, promptly and fully perform, discharge, execute, complete, comply with and ebicle by each and every the stipulations, agreements, conditions and covenants of said promissory rwte and of this Mortgago, then this Mortgage and the Estate hereby created shall cease and be null and void. IT IS UiJDERiTOOD that the word "Mortgagar" whether in the singular or plural anywhere in this Mortgage, shall be singular i one only and shall be plural jointly and severally if more than ons, and that t'ne ward "Their" as used anywhere in this M^~?a:.;e shall be taken to mean "his," "her," or "its, ' wherever the context w implies or admits. Also, that wherever there is a reference in the Covenants and agreements herein contained to any of the parties hereto, the same shall be co^sfa~,.eodn of the law) oflthe samehend thatlthe rcovenanits herein censors and assigns (either voluntary by act of the parties or involuntary ~t~heirs, ie al esentatives, successors and assigns cf the contained shall bind ano the benefits and advantages inure to the respetY 8 ~ parties hereto. And ~,~d tvlortgagors, for themselves and thsir heirs, legal representatives, successors and assigns, hereby Jointly and severe y covenan and agree to and with the said MORTGAGEE, its successxs and assigns' 1 : To pay all and singai~r the principal and interest and the various and sundry wms of money payable by virture of said promissory note, and this mortgage, each and every p:ornptly en tl~e days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, Ilabflitles, obligatlorts and inCUmbrantes of every nature and kind now on said described property, or that hereafter may be imposed, wfferrd, plated, levied, or assessed thereon or that hereafter may be levied or assessed upon Isis Mortgage, or the indebtrdnest secured hereby, each end every, when true and payable according b law, before they be- come delinquent, and before any interest attaches cr any penalty Is incurred; and insofar as any thereof is of record the same shall be P~PtIY satisfied and discharged of record and the original ofrlcial document (such as, for instance, the tors receipt or the satisfaction paper official+y endorsed or certified) shall be placed in the hands of said MORTGAGEE withi heesname orean•aftertpa~m~f;va; ~Jttw ivi'ngtor~affecttng any is not paid, satisfied and discharged, said MORTGAGEE ma; at any time pay y ~ meet shall be imrnedlstely option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each ant °very such pay due and payable and small bear interest from the date thereof until paid at the rate of six ~~73~Jft~j1'~4s per centum per annum and together with such intore:i shall be secured by the lien of this mortgage. To place srtd continuously keep on the buildings Haw or hereafter situated on said laid and on all equipment and personalty Cov- ered L•y this mortgage, with all premiums thereon pai<; in full, fire insurance in the usu;sl standard policy form, in a wm approved by the MORTGAGEE, and tornado insurance in ttie usual standard poll;,y farm,in a wm approved by the MORTGAGEE, in such company cr companies as the MORTGAGEE may direct; and all fire and wrnado insurance policies on any of said buildings, any Interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee Clause or such ether clause as the Mortgagee may require, making the loss under said policies, each and every, payable !o said MORTGAGEE as its interest may appear, and each and ovary such policy shall be prvmptfy assigned and denvered to End hf:ld by said f!10RTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the axpiratlon of Baas polity, to deliver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be rto faro or tornado insurance placed art any of said buildings, any interest therein or part thereof, unless in the form and with tits Ibss payable as aforesaid; and-in the event any wrn of moray becomes Payable under such 2~1-2-60