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Home My WebLink About2049o. ~. e°f so~•K ~1 ~ REF GAS -THIS INDENTURE. Mad. ttva -----16th. _--- ay of_______Nauemk>,er-------- -- --------=-- -------~ ----. A. D. 14-~~_, brtw~rn ----- - --- - ~.QW_ARa R,_ ANI,~.~RSQ?~l--and-_T ~ ~~S~. ,A.. ANPBA~4I~1,--fii>~.. X'if~ - -- - of.___----. St..-~..41C1~. --.-- ---- -- Courtly, ?lorida, herelruftw designated as the "MORTGAGOR," end FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a co:poratton organised and sxlsting trrtcfer the laws of the United States of America and having its principal place of busliass In the Ury of Vero Beach, Ir.diar River County. Florida, hereinaher designated as the "MORTGAGEE." ' tlx MORTGAGOR is justly I t~~~p the MORTGAGEE in the :xrt of:~XLil-T11flLi8an~ S3X ~llA~ed-- Srid ~~ .. - -_- -.- -_- - - -_- - (SI-~ -1,15.! .--_---) Dollars. Qood and lawful nxr>fy of the United States advsnad by the MOI'.TGA EE unto the MORTGAGOR, ss eviderxed by a certain p"xnlssory noh of even dots herewith, of which the following In words and figures Is a true copy, to-wit: - ~~jt~~ S 7,-b00. Q0 ... No. -- -- ---- -- - - v.ro Beach. Florid,,, ---------------__- ~-- Navetnber_ 16, - .- ---- 1962 - For value receivrd 1 or we jointly w severally prartlse to say to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S7, 6DO.170-------- - - ---- ----~ at Its office In Vero Beach, F:orid,, with InMrest at thr rate of_.__.~~~--_____.. per cent per annum, In the following manner: s(17..OQ_____ __ upon the first of each and every month hercaher until the full prlndpal wm, with Intsresr, has been paid; said monthly payments shall be applied first to the pavtnent 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 event 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 waiva~ demand, notice of non-payment and protest of this note. .--/s-/.--Edward_ R. _Arderson----•-----------. ---cse,l) -/s,/-_.Ser~a__.A~.Andnr,~~-' -----.__~__.(s,.au In the event any payment is not made prior to the 20th day of the month when d°ue, then this note shsll~bear Interest at the fate of 8.4% from the date any such payment became due and throughout the period of such delingtrency. State stamps paid and cancelled on original of this note in the amount of SL.~Q ______:___._.__.. NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said wm of S 7_,.6QQ ~------- and the performance of the wvenants and agreements hereinafter expressed, and for divers good end valuable consideration, by irhese preseMS, does grant, barg~n, sell, remise, release, convey and confirm unto the MORTGAGEE its stxtessors and assigns, all that cettairi krt, piece or percel of land, sitwte, lying and being in the County of .__ ._ . -S~.__ Luc.ie...... _.__ ._ .and State of Florida, described as foibws: The East 220 feet, LESS the South 300 feet thereof, of the following described tract: The North 15 acres of the E 1/2 of the NE 1/4 of the SVI~' 1/4 of Section 8, Township 3S South, l:ange . 39 East, LESS right of way for Orange Avenue. t.. ..'+'t, .. •~, ~ .., lY LL.., ,,-i ~~ :._ j .- '~/r/. ~. .. ,yam.. • . ~ . ~ fah ~Ui~t~i.f, ~(. LL'_._ l` :-.~.,~j~ 3' I together with all and singular the tenements, hereditamenis and appurtenances thereunto belonging or In anywise appertalning thereto, and all rents, issues, proceeds and profits accruing and to.accrve from said premises, all of which are 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, its successors and assigns forever. And the said MORTGAGOR for-.~helL__heirs, executors, sdminlstrators and auigns, hereby covenants with the said MORTGAGEE, Its succes- sors and auigns, that____.-____..__[tley-_~_re_. ________ lawfully slezed of the sold premises in fee simple; that the same are free, clear and dis- charger; f-om all liens and encumbrances In fas,r or In equity, end that._...they ___ ____-- will and __ _ Illflr ___._ heirs shall wamnt end defend the title to the same to the sold MORTGAGEE, its successors and auigns, forever against the Irwful claims and demands of all persons; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and shall truly, promptly and fully perform, discharge, execute, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and void. IT IS UflDERSTOOD 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 severally if more than one, and that the word "Theis" 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 co~anants and agreements herein contained to any of the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, suc- cessors and assigns (either voluntary by att of the parties or Involuntary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and advantages enure ro the respective heirs, legal representatives, successors and auigns of the parties hereto. And said tvlortgagors, 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: 1 : To pay all and singular the principal and interest and the various and wndry sums of money payable by virture of said promissory note, end this mortgage, each and every promptly on the days respectively the same severally become due. 2. To pay all and singular tfx taxes, assessments, levies, Ilabilitlas, obligations and irxumbrances of every nature and kind now on said descrlba,~ property, a that hereafter may be imposed, wffered, placed, levied, or sssessed thereon or that hereafter may be le.ied or assessed upon this Mortgage, or the Indebtedness secured hereby, each and every, when due and payable according to law, before they be- come de!inqu~mt, and before any Interest attaches or any penalty is incurred; and insofar as any thereof is o~ 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 any thereof is not paid, satisfied and discharged, seed MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting any - - option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every such payment shall be (mmedlatety due and payable and shall bear interest from the date thereof un:ll paid at the rate of six and six-tenths per centum per annum and together with such interest shall be secured by the lien of th?s mortgage. 3. To place and continuously keep on the buildings now or lereafter situated on said land and on all equipment and personalty cav- eyed by this mortgage, with all premiums thereon paid in full, fire Insurance in the usual standard policy form, in a sum approved by the MORTGAGEE, and tornado insurance in the usual standard policy form,in a sum approved by the MORTGAGEE, in such compan;~ or companies as the MORTGAGEE may direct; and all fire and tornado 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 s~xl. other clause as the Mortgagee may require, rtuking the roes under said nollcies, each end every, payabia to said MORTGAGEE as its interest may appear, and each and every such policy shall be promptly auigrted and delivered ro and held by said MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days In advance of the expiration of each polky, ro deliver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there scull b6 no fire or tornado insurance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any wm cf money becomes payable under such 2M-L-60