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Home My WebLink About0797;, ~n~ Ir~_i~f~ THI$ INDEh17URE, Made the __ $lh _ --.-- t7ay of _.-_---- ----- --- --.Nflvem~2•----------...---- --•- -._, A. D. 19 ~Z ., lyrtween - - - - - .131LLY N(]RMAh anal E~AN~ES_Y...I~1C?RMAN, _his .x'zfe~--..-. -.-.-- -- ----____- -. of _-- - St.. Lucie.-.- -. . _ . County, Florida, Mrelnafter deslxncted as the "MORT~.AGOR," and FIRST FEDERAL aAVItJCS AND LGAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organised and e+cisttng urtdar tFse taws of tM Urtlted States of Arrwr-u and having its prirxipal place of business in the City of Vero Beach, Indian River County, Florida, hereinafter designated as tfw "MORTGAGEE." WH g~,~S the MORTGAGOR is }ust i ~}~ tM iviORTGAGEE in the sum ofTllrf:E-Thaufian~_Ei~it_~1lll.L~LECj and no! ~ UU- - - - " - - - '-- ' - - - (5 +~-. • ~ ---- --> ~ilars. good and (awfiri morwy of the Unltsd States advancer! by the MORTL'~A EE unto the MORTGAGOR, as evlderv;ed by a certain promissory Hots of even data herewith, of wfilch the fo!lowing tr. words and figures is a true copy, to-wit: v.ro seath, Florida- ---- ---- --------------- hlovemher- $, -- --__-_-- 19 62 . For value recelsrd I or we }olntty or severally prcxnlse to pav to FIRST FEDERAL SAVINGS At~D LOAN ASSOCIATION OF'INDIAN RIVER COUNTY, the sum of S 3. $~. ~-_._ --___ ____ __-, at its office In Vero Bexh, Florid,, with 'nterest at the rate ef_.-_ 6•.9_.____ per cent per annum, in the following manner: Sag. QQ . upon the firsr ,ri ~a'`t and every month hereafter until the full principal wrr, with Interest, has bean paki; said monthly payments shall be apulied `.first to the ,wvment of Interest on the unpaid balance, and then to the payment of prircipal. This note is negotiable and if default In ptyment occurs, rvy be plated in the hands of an attorney st law for collection, in which e.•ent i or we agree to pay the costs of collection including a reasonable attorney's fee, and each of us, whether maker, guarantor or endorser, hereby severally waives demand, notice of non-~,avment and protest of this note. - -- /s/- Billy.I~iorrrian- ------ ---- ---- -- - ---- - --(Seep - - -~~/.---Frances._V_ -Nflrmau______.-_---_____-___t5aap In the event any payment is not made prig to the 20th day of the month when due, then this note shall bear interest at the rate of 8.4 % from the date any such payment became due and throughout the period of such delingve+scy. State stamps paid and cancelled on original of this note in the amount of s3..8D __-_-__.- ._-._ NOW, THEREFORE, thn h:ORTGAGOR for the purpose of securing the payment of the ,aid wm of s 3,-BQU. LSO-- ----- and the performance of the covenants and agreements hereinaher expressed, and for divers good and valwbleg~con'i ~ritiorss,in i theseepresents,~does grant, bargain, sell, rensise, release, convey and confirm unto the MORTGAGEE its successors and aui Pa land, situate, lying and being in the County of -- . - .rJt. l..LLGte -- -. - .- . --__ and State of Florida, dexritxd as follows: The West 116 feet of the East 336 feet of the North 94 fee[ of the South 142 feet of the South one-half of the Southeast quarter of the North- east quarte><° a~ Section 24, Township 35 Stauth, Range 39 East. !~ -_~-- in i,wi""nt of taxes aU8 heCeitied ,• ; , f . on C,~SS '~ ~ . ..., {olilia ~~ ~ together with all and singular tM terwments, hereditamenri and appurtenances tttereunro belonging or In anywise appertaining thereto, and all rents, iswes, proceeds and profits accruing and to active from sold premises, all of which aro included in the above and foregoing 3e- scription and habendum. TO HAVE AND TO HOLD the above described and granted promises unto the said MORTGAGEE, its successors and asslgm forover. And tttc said MORTGAGCQ for--shear-_heirs, executors, administrators and suigns, hereby covenants with the said MORTGAGEE, iri succes- sors and auigns, that._-_-------thBX--~~~- -------------- lawfully siezed of the said premises in fee s(mpla; that the same are free, clear and d~s- charged from all liero and encumbrances in law or in equity, end that-- - -.- the- _- will sad ._ xhelr_ ___.. t,elrs shall warrant and defend the title to the samR to the Bald MORTGAGEE, iri twccesson and assigns, forever against the lawful claims and demands of all persons; PROVIDED, ALWAYS that If the MORTGAGOR s)toll pay unto the MORTGAGEE the promiuory note ttersinbeforo described, and shall truly, promptly and fully perform, discharge, exen.~te, complete, comply with and abide by each and every tits stipulrtlons, agreemanri, condit(ons and covenants of said promissory note and of tfiis Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and void. IT IS Uf IDERSTGOD that the word "Mortgagor" whether In the singular or plural anywhere in this Mortgage, shall be singular if one only and shall be plural }olntly and severally if more than one, and that the word '?hair" as used anywhere in this Mortgage shall be taken to mean "his," "her," or "its," wherever the context so implies or admits. Also, that wherever there is a reference to the covenants and agreements herein contained to any of the parties hereto, the same shall be construed ro moan as well ss the heirs, legal representatives, ttuc- cessors and assigns (either voluntary by act of the parties or Involuntary by operation of the law) of the same and that the covenanri hsrtin contained shall bind and the benefits and advantages inure to the respective bets, legal representatives, successors and assigns of tfvs parties hereto. And said Mortgagors, for themselves and their heirs, legal representatives, successors and auigns, hereby jointly and severally covenant and agree to and with the said MORTGAGEE, its successors and assigns: _ l: To pay all and singular the Pri~cm tlanon the da a~eshpettivelu the samedseverall obecome ~eyable by virture of said promit~ry note, and this mortgage, each and every p P Y ri Y Y 2. To pay all and singular the taxes, assessmenri, levlss, liabilities, obligations and irttumbrsrtces of every mature and kind now on said described property, or that hereafter may be imposed, wffered, placed, lovied, or assessed thereon or that hereafter may be levied or assessed upon this htortgaga, or the indebtedrteu secured hereby, each and Cxry when due and payable atcordin6 to law, before they be- come delinquent, and before any interest attaches or any ponalty is incurred; and insofar a ary thereof is of record t{te same shall be promptiv satisfied and discharged of .rcord and the original official document (wch as, for instance, the tax racei;,t or the satisfaction paper offidalFy endorsed ar certified) shall be placed In the hands of said MORTGAGEE within tan days next after payment; and in the event that any thereof is not paid, satisfied and discharged, sold MORTGAGEE may at any tams pay the same or arty part thereof without waiving or affecting any optics, {ion, equity, or right under or by virtue of this Mortgagb, and the full smamt of each and Pve~y such p:y=rent she!! '.>r immedia+ely due and payable and s'r+al! bear interest from the date thereof until paid at the rate of six and 7~ test'i's par centum per annum and together with wen interest shall be secured by the lien of this mortgage. n~~e 3. To place and continuously keep on the buildings now or hereafter situated on said land and on all equipment and personalty cov- ered by this mortgage, with all premiums thereon paid in full, fire inwrancs In the usual standard policy form, in a sum approved by the MORTGAGE"c, a~td tornado insurance in the usual standard policy form,in a sum approved by the MORTGAGEE, !n ;:xh company or companies as the MORTGAGEE may direct; and all fire and tornado inwrsnte policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the wwl pt~ndard mortgagee clause or such other clause as the Rlortgrgee may require, making the loss under said policies, ea:.h and every, payable to said MORTGAGEE as in interest may €pppar, and each anti every such policy shall be promptly aulgned and delivered to and held by s:.a. MORTGAGEE as fwther security to said mortgage debt, and, not less than ten (10) days in advance of the expiratlort of each polity, to delver to said MORTGAGEE a renewal theret~f, together with s receipt for the premium of such renewal; and there shill be rto fire a lomado Inurranta placer( on any of said buildings, any interest the.eir, ar part thereof, unless in the form and with +he loss payable as aforesaid; and in the event any ssm of mossy becomes payable under such 2 M--2-60