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Home My WebLink About0817. ~ -~ it ~'' r I ~L~~ THIS INDENTURE. Alsea'N» -__. 5.th'.--_--- Day ot------- --...---- •-.NUY~c'nlber-----._------- --- - - - , A. D. 19-bL., batveroart __----- _-. DAVID G. E..I~LQE~AIS_Ql~l.-and.MARY_B. I~riORRI.SC?I~l~ _his_wife,.---------~~__~_-~____- af - --_ -St,t .I,,,~1sri~_ -- _-- _. County, f:lprida, hara;nsfter deeigrutvd as ttta "MORTGAGOR," and FIRST FEDERAL SAVINGS /rND LOAN ASSOCIATION OF INDIAN RIPER COUNTY. a corporation organized and existing tmddr the laws of tM United States of Ameriu and having Its principal place of business In the City of Vero Beach, indtan River County, Florida, hereinafter designated as the "MORTGAGEE." W S ttta MORTGAGOK is -ua y, I ~Q(~tt» MORTGAGEE In the sum ofTweLY~-ThQUFii311Lt__F1YE-_~L'.11~£d and -Il0/ ~~--- _ _ _ _ _ _ ~ - ~ •-~ ~ fj~~-""""__--_) Dollars, good and lawful money of tfw United States advanced by the G _ _ _ ---- ---- MORTGA EE unto the MORTGAGOR, as wldancad by • certain prrmissory note of aver data hera:vlth, of ~vhlch the following In woe s and figuCres Is a try copy, to-wit: ~0~~ j 12,.500. ~- _ No. --- _. --- - -- - Vato Beach, Florida- ---- - -- ---------- --- ---- l~C2Yi:111bEr 5,__-.-_-- 19 ~ - For value received ! or vve ~olntty or sawrally promise TG wv to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S12r5~•~- -- - - ---• --- ~ at Its office In Vero Beach, Florida, with interest at the rate of. _.6:__~___- _-. - per cent per annum, in the following manner: j125. DO __ -_- uyon the first of each and every month hereaher until the full prineipal sum, with interest, has been paid; said monthly payments shall be applied first to the payment of Interest on the unpaid balance, and then to the payment of principal. This note is negotiable and If default In payment otcurs, may be placed In the hands of on attorney at law for collection, in which event I or vve agree to pay the costs of collection, including a reasonable attomey'S fee, and each of us, whether maker, guarantor or endorser, hereby severally waives demand, notice of non-payment and protest of this note. s~ -David_G_.._E. _MorrisQn - .. - __- -- _ _ - ---(sego ~~..M~ryR.- Mo~risan---------- ---------------__..fSaan In the event any Fayment is not made prier to the 20th day of trio month when due, then this s,ota shall bear Interest at the rate of 8.4% from the date any such payment became due and throughout the period of such dellnQuarxy. State stamps paid and cancelled on orlg:~ul of this note In the amount of ;12~5Q_.-_.. -.__-.. NOW, THEREFORE, the MORTGAGOR for the purpow of securing the payment of the said sum of jl~,_500.-~ ------ a^d the performance of the covenants and agreements hereinaher expressed, and for divers Good and valuable considerations, by these presents, does grant, bargain, sell, remise, release, convey and conf!rrr: unto the MORTGAGEE its successor and assigns, all that certain bt, place or parcel of land, sitwte, lying and being In tna County of -- . - - . St. - LLLCl@- -.. .- - _ and State of Florida, described as followsas o Ie . ~ ~- ro Commencing at the Southeast corner of the Northwest quarter of Northwest quartet ~; :~ ,,, of Section 33, Township 35 Souti:, Kange 40 East, run West 7 chains; thence run ~ ~ = ~ 'ii North 20 chains; thence run East 1 chain; thence run South 5 chains; thence run Lit: ~ - thence run South 15 chains to point of beginning; containing 11 acres, 6 chains; r ,- ., . ~~~ more or less; AND ~-~`-` -t ~~ ALSO: Commencing at the Northeast corner of the Northwest quarter of North:~Lsi ~~ .; quarter of Section 33, Township 35 South, Range 40 East, and run South 5 chains; ';, ~ ~_ thence run West 6 chains; thence run North 5 cridins; thence run East 6 chains to~~~ ~; `~ -, -~~~ point of beginning; containing 3 acres, more or less; ~- J EXCEPT the North 150 feet of the South 990 feet of the East t25 feet of No: theses quarter of Northwest quarter, Section 33, Township 35 South, Range 40 East, in ~;~'~ ~-- St. Lucie County, Florida, which said property is otherwise described as Lots 5 ~Id 6 according to unrecorded Sketch of Survey made by T. H. Deakins, fir. , Registe>(~~ Land Surveyor, March 7, 1957. together •writh all and s(:tgular the tenomsnts, heradltaments and appurtemntes thereunto belonging or In anywise appartslntng thereto, and all rents, issues, proceeds and profits aaruing and to aurae rrom said premises, all of wfiith are included In the above and foregoing de- acriptfon and habendum. TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its successors and assigns forever. And the Bald MORTGAGOR ftw.-~hC~Y' _heirs, executor, adminlstrators and assigns, hereby covenants with the said MORTGAGEE, its succes- sor and assigns, ihat ____-___-.t~~}!_.a~.1:_..----_.--_ ---- lawfully siezed of the satd premises in fee simple; flat the same are freo, clear and dis- charged from all (lens and encumbrantas In law or In equity, and that-.-_.- ..~r~y---- . will and .- _th~ir .-__- hale shall warrant and defend the title to the same to the sold MORTGAGEE, Its successor and assigns, forever against the lawful claims and demands of all persons; PROVIDED, ALWAYS tint if the MORTGAGOR :full pay unto the MORTGAGEE the promissory note herelnbefore described, and shall truly, promptly and fully perform, discharge, execute, complete, comply with and abide by each and every the stipulatioM, agreements, conditions and covenants of Bald promissory note and of this Mortgage, then this Murtgago and tF.e ~stata hereby created shall tease and be null and void. IT IS UtiDERSTOOD that the word "Mortgagor" w/hetlter in t`re singular or plural anywhere in this Mortgage, shall be singular if one only and shall be plural jointly and severally if mots flan one, and that the word "Their" as used anywhere ir. 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 in the covenants and agreements herein contained to any o'r the parties hereto, tfis same shall be ccxutrued to mean ss wel: as the heirs, legal repreuntatives, suc- cessors and assigns (e=ither voluntary by act of the parties or involuntary by operation of tM law) of the same and that the covenants herein contained shall bind and the benefits and advantages Inure ro the respeetivr,helrs, legal ropresentatives, successor arc, assigns of the parties hereto. And said Mortgagors, for themselves and their Fwlrs, legal representatives, successors and assigns, hereby jointly and severally covenant and agree to and with the Bald MORTGAGEE, its successors and assigns l: To pay all and singular tine principal and interest and the various and sundry sums of money payable by virture of said promissory note, and this mortgage, rock and every promptly on the days respettiveiy the same severally become due. 2. To pay all ar-r! singular tfta taxes, asseasrnants, levies, Ilabllltles, abllgatlons aid incumbrantes of Query nature and kind now on Bald described property, or that ite.eafter may be imposed, suffered, Plated. I~„ied, or assesacd tf-,ereron or that hereafter may be levied or assessed upon this Mortgagee, or the Indebtedness secured hereby, each and every, when due and payable according to law, before they be- come delir~uent, and bofore any irrterea attaches er any penalty is incurred; and insofar as any thereof is of record the same shall be promptly satisfied and discharged of record and the original official document (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 after payment; and in the event that a:iy thereof is not paid, satisfied and discharged, sold MORTGAGEE may at any lime ply the same or arty part tttnreof without waiving or affecting any pptiar, lien, equity, or rigfit under or by virtue of this Mortgage, end the full amount of each end every such payment shalt be immediately due and payable and shall bear interest front the date thereof until paid at the rate of six and six-tenths per centum per annum and together with such interest stall bo secured by the lien of this mxtgage. 3. To place and continuously keep on the buildings now or hereafter sitwted on said land and on al! equipment and personalty cov- ered by this mortgage, with all premiums thtireon paid in full, fire Insurance In the usual standard policy form, in a sum approved by the MORTGAGEE, and tornarb insurance in the usual standard polity form,in a earn approved by the MORTGAGEE, in such company or companies as the MORTGAGE may direct; and all fire and tornado lnwnnce policies on any of said buildings, any interest therein or p_rt thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard ,nortgagee clause or such other clause r.s the Mortgagee may require, making the Era under Bald policies, a th and Every, payable to said MORTGAGEE as its interest may app°ar, and each and every such policy shall be promptly sulgned a M and held by said MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the exp f each policy, to deliver fo said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and chars no fire or tcrrtado insurance placed on any of sail buildings, any interest therein or part thereof, unless in the form and with th^_ loss as aforesaid; and in tare event any sum of money becomos payable ureter such 2 M-2-60