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HomeMy WebLinkAbout1950eo~f ~.il f~'.CE THIS INDENTURE, Made the. _. ~~.~~ ---- Day of___-- -- 1~IoYetnber.~ I~-t ~f~!~-{'-=-?~1:, y,_rt ~. D. 19.2, b.eween ---_i'viAR V1N_ G. -.COMB.S_.and_LOLIENE.Y ._ CL~-MBS,. his_~rife-,.---------- ----------- ----- ----- - - -- _of _ __._ ,SC•..I.UC1Lf: _- ---- -- County, Florida, hereinafter deslgnstud as the "MORTGAGOR,,, and FIRST FEDERAL SAVIt•K,S AND LOAN ASSOCIATION OF INDIAN RIVER COUNrIf, a rorporatlon organi:ed and existing under the lam of the Unltyd $ta*.es of An+erica and having its prrw.'•pat niece of Iwainess in the City of Vero Beach, Indian Rl.ror County, Florida, heralnaher designated as tFre "MORTGAGEE." HEREAS the MORTGAGOR is Justl 1 t the 7J.0'itTGAGEE in the sum of Fault-T.)7C11tsailC~-~1X-~~LiAt~P.d-~21nd _ - _ - (;~~_ _____-~ Dollars, good and lawful n+oney of tM United States advarxed by the no 1Q~---__----_----.-_-_ --- MORTGAGEE unto the MORTGAGOR, as evider-ced by a certain promissory note of even drrs-herowith, of which tt+e following to wards and figures Is a trw copy, to-wrt: ;4, 600.E __. ~< No. _----~~;~~ Vero Beach. Florida, _-- ---- ----------- ----NQYeI111~ex_2L,_--_-- 19 - For value received I or we jointy or severally promise to pay ro FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S `}~ ~QQ• Q~_------------- ~ ----, at Its office !n Vero Beach, Florida, with Interest at the rate of____fJ.-~-------- per cent per annum, in the following manner: ;46_00_ _ -_. upon the first of each and every month hereafter until the full principal wm, with Interest, Fus 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 negctiable and if default In payment occurs, may be placed in the hands of an attorney at law for collection, In which event I or ore agree to pay the costs of collection, including a reasonable attorney's fee, and each of us, whetF-ar maker, gwrantor or endorser, hereby severally waives demand, notice of non-payment and protest of this note. - ~s/-- Max_vin_G.:Combs-- ---- -- --- =- - - -(seau 1_s~-- ~ouen~-YL__Combs------------------------(s..l) In the event any payment is not made prior to the 20th day of the month when due, then this note shall bear interest at the rate of 8.49b from the date any such payment became due and throughout the period of such delinquerxy. State stamps paid and cancelled on original of this note In the amount of S'4.6~1-._________-____.. NOW. THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said wm of S'~r ~i~•~-- --- -- and the e arnormbaa gen,fse Ieremisea release, convey and confirmhunto~hee ORTGAGEEdits successors and assbgru~ a Ilthattcae~rtaln lot piecerw~parct~f land, situate, lying and being in the County of ___. _ _ ~t._ _LYlilfY__- .. -- __ _- -and State of Florida, described as follows: (~ Lot 4, Block 5 of WESTWOOD MANOR SC1gDIVISION, as per plat thereof on file in Plat Book 6, at page 26, public records of St. Lurie County, Florida, pt`r~+~ ^;f i j(1~_i'I r^, --,1 ~r r, "3 t!tt9 Chi- _t"'~~1~t, L~~:~,\s of FI~i ~,t, - ~. 1:~1 \'~ Z~.~ ax u~!r;~tor, 5t. LL'~12 CUUi~fy, F!ori ~~ together with alt ens slnm~lar the tenements, heredltamsnts and appurtenaxes thereunto belonging or In anywise appertaining thereto, and all rents, iswes, proceeds end profits aceruing and to accrue from said premises, all of which aro Included In the above and foregoing do- scrtptlon and haberxlum. TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its surxesstm and astlgns forever. And the Bald MORTGAGOR for__Lll£'1L_heirs, executer, administrators and assigns, hereby covenants with the said MORTGAGEE, Its surXes- sors and assigns, that ____--_----tI7L'~-are----------------_lawfvlly slezed of the said premises in fee simple; that the same are free, clear and dis- ty, and that.-_----they-___-- win and ._.their__ ___-- charged from all liens end encumbrarxes In law or In equl belts shall warrant srtd defend the title to the same to the said MORTGAGEE, Its successors and asslgru, forever against the lawful claims ar-d demands of all•psrsons; PROVIDED, ALWAYS that If tfie MORTGAGOR shall pay ants the MORTGAGEE tlx promissory note hereirtbefore described, and shall truly, promptly and fully perform, discharge, exewte, complete, crxnpty with and abide by each and every the stipulattons, agreements, conditions and covenants of Bald promissory mote and of this Mortgage, then this Mortgage and the Estate hereby created sF+all cease and ba null and void. iT IS UtiDERSTOOD that the word "M.,rtgagar" whether in the singular or plural anywhere in thin Mortgage, shall be singular If one only and shall be plural jointly end severally if more than one, and that the word "Their" 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 in the covenants and agreements heraln contained to any of the parties hereto, the same shall be construed to mean ss well as the heirs., legal representatlvd, suc- cessors and assigns (either voluntary by act of the parties a involuntary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and advantages inure to the respective hairs, legal representatives, successors and assigns of the parties hersto. And said Mortgagors, far themselves and :hrlr heirs, legal representatives, successors aril assigns, hereby jointly and severally covenant and agree to and with the said MORTGAGEE, its successors and assigns' 1: To pay all and singular the principal and interest and the various and wrxlry sums of money payable by virture of said promissory note, and this mortgage, each and every promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, Ilabllltiea, obligations and Irtr:umbnnces of every nahrre and kind row m said described property, or that hereafter may be Imposed, wifared, placed, lavlcd, or asse~`ed thereon or that hereahsr may be Iwled or assessed upon this Mortgage, or the Indebtedness secr5red hereby, each and every, when due and payable according ro law, before they b~- come delinquent, and before any interest attaches or any penalty is incurred; and insofar as any (hereof Is of record the samo shall be pr~ntptiy satisfied and discharged of record and the original official document (wch as, for instance, the tax receipt or the satisfaction paper officlrlly endorsed or certified) sha!I be placid in the hands of Bald MORTGAGEE within ten days next after payment; aril in the event that any thereof is not paid, satisfied and discharged, said MORTGAGEE may at any time pay the ssme a any part fhereof without waiving or affecting any option, Ilan, equity, or right ~nrler or by virtue of this Mortgage, end the full amount of each and every such payrtxnt shall be Im~atelY due and payable and shell bear Interest from the date thereof until paid at the rate of six and six-tenths per cerium per arnum and together with such interest shall be secured by the Ilan of this mortgage. 3. To place and continuously keep on the buildings now or hereafter sltwted on said land and on all equipment and personalty cov- ered by this mortgage, with ell premiums thereon pall in full, fire Inwrance ir, the uswl standard policy lam, in a sum approved by the MORTGAGEE, and tornado Inwrarxe in the usual standard polity form,in a sum approved by the MORTGAGEE, In such company or companies as the MORTGAGEE may direct; and all fire and tornado inwrance policios on any of said buildings, any interest therein or part thereof, in the aggregate wm aforvsald or in excess thereof, shell concar-i the usual standard mortgagee clause or such other clause as the Mortgagee nuY require, making the toss under said poncies, each and every, paYrble to sail MORTGAGEE as its interest may appear, and each and every such policy shall be promptly assrgner~ and delivered to and held by said MORTGAGEE as further se=urlty to said martgags debt, end, not less than. ten !10) days In advatxe of the expiration of each pocky, to dellvar to Bald MORTGAGEE a rcnevral thereoF, together with a receipt for ttse premium of such ranawal; and there shall ba no fire or tornado insurance placed on any of said buildings, any interest therein or part thereof, unress in the form and with the IOSS payable es aforessld; end in the event any sum of money lwtomas payable under such 2M-2-60 -