HomeMy WebLinkAbout1729THIS INDENTURE. Made the ---.2$th- --- Day of--------------~4Yf:A1~]~------ -------------- ---• A. O. 19~t~_-, botMwon
a to Ida cor ratonl____-- -___ - - - - ---- -- ---
J --
of --.._-$C.- Lucie__-. ------ _- t;,ou,ty, Flori~a, heroin.fter deelgnated as tf>s `jV1URTGAGOR," and FIRST FEDI:(:/.L SAVINGS AND
LOAM ASSOCIATION c~ INDIAN RIVER t:OL1NlY, a corpo:atlon aryanlzeti and sxl~!lrsg ~~der the laws of 4fw Unlt~sd Stalls of Amerlu
and having its principal place of businrsa In the City of Vero Beech, Indian River County, F;orida,~ reiruher deslsp-ated as tMi "MORTGAGEE"
WHEREAS the tvfOItTGACAR is Just ~ MORTGAGEE In the sum ofT-1bi'eT "
_ _ _ _ _ _ _ _ _ _ _ _ _ _ -- - - - - - ^ - -(S-~~ VU____-~ Ddlars, good and lawful ma>•y of United States adva by tFw
- rtoto of even drts hertwith, of whkn the following in wordy
MORTGAGEE unto the MORTGAGOR a ~ ~'' a urtaln sorry
and figures is a trw copy, to-rvit: - ~n
512, 000.00 -- No..--- -- ~~) ~G
Vero Beach. Floritie. --- .---------- -----Naveml~.r~$.__-- _,---- 19 ~ -
For value received 1 or rye jdntfy or severally promise to oav to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIONi 0;= INDIAN
000 QQ_-_- _ -__, at Iri office In Vero Beach, Florida, with interest at the rate of-____-_b...l1-------
- RIVER COUNTY, the sum of 512,- •- --- --- ~b -
per cent per annum, in the following runner.
Sq~•-QQ-- .._ ___ upon the first of sash and every month hereafter until the full principal purrs, with Ir-terest, has bean 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 occurs, may be placed In the hands of an attorney .at law for collection, In which
her rsaksr, g,rara~tor or endorser,
event I or we agree to pay the costs of collection, including a reasonable attorney's fee, and each of us, whe:
hereby severally waives demand, notic3 of non-payment and Protest of this note. J• L, gt S. ~ 1NL.
--may:_ ~s~ Louis J •- -s atar -- -_._cse.u
Cor Seal) esi~~it
~ P• Attegt:. -~s~ --JQ~~-J----S . arn_~ _(s.au
In the event any payment is not made prior to the 20th day of the month when due, then this note steal Yet the rats of -
8.4 % from the date any such payment became due and throughout the period of such delinquency. _
State stamps paid and cancelled on original of this note in the amount of 5-12«~0--------------- • - '
NOW, THEREFORE, the MORTGAGOR for tho purpose of securing the payment of the said wm of 512,_D00.~0----- and the
performance of the covenants and agreements hereinafter expressed, and for diver good and valuable considerations, by these presents, due
grant, bargain, sell, remise, rnleau, convey and confirm unto the MORTGAGEE its successor and assigns, all that certain (M, piep or parcel of
- ~ ~ ' ~ - -.- .and State of Florida, described as follows:
land, situate, lying and beicg in the County of ____.- - _ ,~t._ L11C1@.__. -_ - -
East 60 feet of Lot 11, and West 40 feet of Lot 10,
Block 4, PARKWAY GROVE ESTATES, Unit One,
according to the Plat thereof on file in Piat Rook 12,
page 30, public records of St. Lucie County,
Florida.
Re^nr•!E.~ !~-~.~,QU - !n ~?vt*"~t ~` taxes due
C~~:,;.~ `tli; ~ ~, Lr~; ; c` :~,~... .. ; 1'.' it
together wiih all end singular the tenerr:mri, heredltamenri and appurterursces thereunto belonging or In anywise appertaining thereto, arsd
all rents, !sues, Proceeds end Profits aan:ing and tc accrue from sold premises, all of which ~re included in the above and foregoing de-
scription and habendum.
TO HAVE AND TO HOLD the above described and granted Premises unto the said MORTGAGEE, Iri successors +nd assigns forever.
1tS Sll and assi ns, hereb covenants with the said MORTGAGEE, Iri succes-
And the said MORTGAGOR for-------- ------ g y
sore and assigns, that.-----------1~- ~~------ - ----------- -lawfully sieved of the said premises In fee simple; that the same are free, clear and die-
. 1CS SUCCe81~slull warrant and
charged from all lietu and encumbrantts In law or in equity, and that_.__.- ___ It- .------ will and _
defend the title ro the same to the said MORTGAGEE, Iri successors end assigns, forever against the lawful claims and demands of all persons;
PROVIDED, ALWAYS that if the MORTGAGOR dull pay unro the MORTGAGEE the promissory note hereinbefore described, and
shall truly, Promptly end fully perform, discharge, execute, complete, comply with and abide by each and every tine stipulations, agreements,
conditions and covenants of said pror.:issory note and of tfiis Mortgage, then this Mortgage and the Estate hereby created shall tease and be
null end void.
IT IS Uf10ERSTOOD that the word "Mortgagor" whether In the singular or plural anywhere in this Mortgage, shall be singular if one
only and shall be plural Jointly and severalty If more than one, and that the word 'Their" rs 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 in the covenants and
agreements herein contained to any of the parties hereto, tM serrsa shall be construed to mean as well as the heirs, legal representatives, suc-
cessors and assigns (either voluntary by xt of the parties or inwluntary by operation of the Irsw) of the same and that the covenants herein
contained shall bind and the benefits and advantages inure ro the respective_ heirs, legal representatives, successors and assigns of the
parties bereft.
And said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jointly and severally covenant
and agree to and with ilea said MORTGAGEE, its sutcess~rs and assigns: ably b virture of said romisso
To pay all ar:~ singular the principal and interest and the various area wndry soma of money pay Y P ^'
rwte, and this mortgage, arch and every promptly on the days respectively the ;ame severalty become due.
2. To pay all and singu!ar the taxes, assessments, levies, Ilablllties, oisltpations and inwmbrances of every nature aid kind now on
said described property, or that hereafter may be imposed, wfferod, placed, levied, or assessed thereon or that hereafter may be levied or
assessed upon this Mortgage, or the indebtedness secured heretry, each and erar~, when due and payable according to law, before they be-
come delinquent, and before any Interest attaches or any penalty is inc>~rred; 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 br, placed in the hands of said MORTGAGEE with?-. ten days next after payment; and in the event that any thereof
is not paid, satisfied and discharged, Bald MORTGAGEE may. et any time pay the same or any part thereof without waiving or affecting any
optics, lien, equ1N, or right under or by virtue of this Mcrtgsge, and the full amount of each and every such payment shall be immediately
due and payable and ~sall btar interest frtrrs the date thereof until paid at the rate of six and six•renths per ce^tum Por annum and together
with ;uch interest shall be secured by the lien of this mortgage.
3. To p!au rnd continuously keep on the buildings now or F>°reafter situated on said land and on all equipment and personalty cov-
ered by this mortgage, with all premiums thereon paid in full, fire inwrance In the usul standard policy form, in a sum approved by the
MORTGAGEE, end tornado inwrance in *:~e usual standard policy form,in a sum apprrn~ed by the MORTGAGEE, in such company or companies
as the MORTGAGEE may d'.:ect; end all fire and tornado inwra+xa 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 other clause as the Mortgagee may
require, making the loss under sold policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every
such policy shall be promptly ssslgrsed and delivered to and fold I>y said MORTGAGEE as further security to said mortgage debt, ar-1, rapt
Secs than ten (10l days cif advar~a of the expiration of each pocky, To deliver to said MORTGAGEE a renewal thereof, together with a receipt
for the premium'of such renewal; and tfsero shall be rso fire or tornado insurance paced on any of Bald buildings, any interest therein or
part thereof, unless in the form and with the loss payable r.s aforesaid; arsri in the event any wm of money becomes payable under such
2M-2-60 ~_