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Home My WebLink About1545 _... _~........_.........,._..... .'_' ,__ ._._.__..-,.....___.._....._____,;.,...---"'___.W-._4..'__~~...:.........: .......-'--.....-.....- ..... o. R:' ~ '/: A 114075 59 i^Sf 142 THIS INDENTURE. M.de the ,9th, ,.. o.y oL_._...._.Marchm_...._..:n.-.,..., ...,n, ^ D. 196;:L. bm\~ u." EAEHORN,YATES .and.LENORA-Y.A.TES" his wife,.....--...... .., ..,..,--.-- of ,. .5t. Luc.ie.. ......._. .. County, FIorick. ....reI".,tt.r dIII.neted AI the "MORTGAGOR," and FIRST FEDERAL sAVINGS AND lOAN ASSOCIATION Of INDIAN RIVER COUNlY, . cOrporation ofJM'!ztd .nd exlstlnC swJer the Ia~ of "- United St.tes of America and havine its prlnclpel place of buslnflS In the City of V.m Beech. IndiAn Rivet' County, Florid., hereinafter desllN,ed Is t.... "MORTGAGEE." _:- _ _ _ ~~~~~t~~_~~~)J)i$tJft)jXy~,.ffl~~:~ .~ =lulof~~-1~~~n~~.~~~~~-t~- MOiHGAGEE unto the MORTGAGOR, as Mdenced by . cenaln promlSfory no~ of _ d.te herewith. of which the foIlo.....ln. In words and f1eures Is . true copy. to-wlt: 8150 s8, 000. 00 No. ,.,_.n.." Vero Such. Florid., '._,..........,_ ,... ....Mar.ch..9 ,. --, .--.. 1963, For ..alue received I or we Jointly or ~.!.11y proml.. to pey to FIRST FEOiRAL SAVINGS AND LOAN ASSOCtATlbN OF INDIAN RIVER COUNTY. the sum of $8.000a.Q(L__n......... .m' .t In office In Vero Such, Florida. with Interftt .t the rate of....,6.~f:L.... per cent per iinrnJm, In the followln. manMf': $ 71~ 00. ..'" upon the first of each and .....ry motlth here.fter until the full ~Inclpel sum. with Inter.m, hes be<<t paId; said monthly payments shall be applied first to the p.tyment of Interest on the unpaid balance, .nd then to the peyment of Qrlndpel. This note Is neeot!!ble llnd If default In p.tyrMllt occurs, ~y be placed in the hands of an .ttorney .t law for collection. In which event I or we aeree to pey the COSB of collection, includint . fNlONIble attorney'l 1M. and each of 1.1I, whether maker. .~rantor or endorser, hereby severally waives demand, notice of non-pavnwnt and protest of thll note. . ....IS/-E.<<phQ.tnYst:a ~.~ ,../S/.._J..enor.a..Yare. '~,~S-I) In the event any payment Is not made prior to the ~Oth day of the month when clue, then thll note shall be~r I~ .t th. ...te 'Qf 8,.4 % from the date .ny such p.<syment became due and throuchout the period of such delinquency. ' Stde stamps paid and cancelled on orl,lnal of thll note In the .mount of $tL.OO.___u...___...,. . ,..... NOW, THEREFOR~. the MOIlTGAGOR for the purpose of Ncurln, the plyrnetlt of the said sum of $ 8.JX)I). 00. ...'.. .nd the performance of the covenantl and .llreemenB herei.,..fter expressed. and for divers eood .nd v.luable considerations. by these presenB. does grolnt, bargain, sell, remise, release. convey and confirm unto the MORTGAGEr in succeuors and .sslsm. .11 that cert.ln lot, piece or pernl of land, sit""te. Iyins and belne In the County of . St...Lucie... ,. ,..., and St.te of Florida. described .1 follows: The West 2 acres of the NE 1/4 of the SW 1/4) lying North of State Road 8, in Section 28, Township 35 South) Range 39 East, EXCEPTING therefrom all rights of way for Drainage Canals and Public Roa~l}, / ( 0..>- RE~rlV~D S , IN PAYMI'.:NT OF TAXE!} DUE ml CLASS 'C' INTANGIBLE PERSON .\L PROPERT" PURSU,I,NT TO CHAPTER 20774. At T5 OF 194\ .. ROG.R PC'i1r-AS, CICHk Circuit C-urt ' cs f.c:~nl f-;.r '::U~.TIS M, JAMES 51. lu~unty Tox C~ By . ~~--_ DEPUTY CLE,,/( tocether with .11 and slnlJUlar tM tenements. heredlt.ments and .ppurtlrl\8ncet thereunto belonllln, or In anywise appertalnln. thereto. and all rents, ISSUM, proceeds .nd profits accruln, .nd to accf\HI from said ~eml_, all of which are Included in the .bove and fore,oIntl de. scription and hlben<Nm. TO HAVE AND TO HOLD t.... .~ dctcribed .nd .ranted pntmlaes unto the said MORTGAGEE. in auccessors .nd .ulgns forever. And the said MORTGAGOR for,their.._heirs. executors. admInlltrators 4nd aiSillnl. hereby covet\Intl with tht. said MORT~.GEE. In succes- soa .nd asslllns. that,........., ....the}[_are_--.._..,..lawfully tlued of the said premises In flHl Ilmpi.; that the same are free, clear and dis, charfed from .11 liens .nd encumbrances In law or In equity. .nd that,.... . the}!_.._.__ will .nd "their. ...-- heirs shall warr.nt y.d defend the tltl. to the same to the said MORTGAGEE. Its successo... .nd .Hlans, forev6r allalnst the lawful c1ainu end demAnds of .11 persons; PROVIDED. ALWAYS that If the MORTGAGOR shall pey unto the MORTGAGEE the promissory note hereinbefore described. and shall tnJly, promptly and fully perform, dlscharp, execute, complete, comply wHll .nd .blde by each IlId every the Itlpulatlom, allreements, conditions and cownants of ..Id promissory note .nd of thll Mort..... then thll Mortpge and the Estate hereby created lhall celse 1M be null a.-.c:t void. IT IS U'IOERSTOOO that the word "Mort..p" whether In the t1n.ul.sr or plural .nywhere In this Mort,llle, shall be slncul.r if one only and shall be plural Jointly and severally If more than one, .nd that the word "Their" as used .nywhere In this Mortlale shall be taken to me&" "his," "her." or "IB," wherever the context so Impll.. or .,dmlh. Also. that wherever there II . reference in the covenants and agreements herein contal~ to any of the p.trtles hereto. the same shall be construed to mMn as _1115 the heirs. '-PI repre.sentatlves. suc- cessors and Issiens (either '.-olunt.ry by act of the parties or Involuntary by oper.tlon of the I&w) of the same arxi that the covenantl herein contained shall bind and the banefin and advent.les Inure to the> respective hel.... 1...1 ~t.tlVfl, succeuors .nd ....lifU of the perties hereto. And said Mortgagors, for them~elves and their heirs, lapl ropr_t.t1...... w<<es,sorl .nd nslllN. hereby jointly and severally covenant and agree to :Jnd with the :>aId MORTGAGEE, its succeSS';)rs and assigns: 1: To pay all and singular the principal and Interest and the vlrlous .nd sundry sums of money payable by virture of uid promissory note, and this mortgage, HCh and every promptly on the days respectively the same MVerally beeome due. 2. To pay .11 .nd Ilngular the taxes. UIe$IIMl'Its, levies. liabilities, obll..t:ons .11<1 Incumbr.nces of every nature and kind now en uid descrll>ed property, or that hereafter may be ImpoMd. suffered, placed, IlfYled, or aiMSaed thereon or that he.-fter may be levied or liss.oued upon thll Mortl."'. or the Indebtedness aecu~ hereby, each and every. when due .nd peyable accordinl to law. bef-.:;re they be. come de Iinquan t. and before any Intereat .ttaa- or .nr penalty Is Incurred; and Insofar as .ny thereof Is of record the same shall be promptly satisfied .nd dlsch.arsed of I'6COrd and the orl.,.,..! offlcla document (such as, for Instance. the tax receipt or the satisfaction pllpet' officially endorsed Of cert:fied) ahall be piKed In the h.tnck of said MORTGAGEE within twn da)'$ next after payment; .nd In the event thAt any thffeof Is not peld, ..tjsfled .nd dlSCNr,ed. IlIld MORTGAGEE may .t 4l\Y time pay the same or .ny pert ther'JOf without w.lvlng Of' liffectlng any option, lien. equity, or rI.ht under or by Ylrtue of this Mort...e, and the full .mount of each and every such payment sNII be Immediately due .nd payable and rhall bear interest from the d.t. thereof until paid at the r.te of a1x and six-tenths pet' centum Per .nnum and together with such Interest shall be HCUred by the lien of this mort....' 3. To place .nd continuously keep on the bulldlnp now or hereafttl' Iltuated on ..rd land .nd on .11 equipment .nd personally cov, ered by this mortgaee. with .11 premiums thereon paid In full. fire Insur.nce In the usual standtrd policy form, in . sum approved by the MORTGAGEE, .nd torNdo Insurance in the USUlII Itandard policy form,ln a ~m .pproved by the M(lRTGAGEE, in such company or companies as the MORTGAGEE may d,rect; Ind .11 fire .nd torrwtdo Insurance policies en Iny of said buildings, .ny Interest therein QJ part thereof, in the alUrog.te sum aforesaId or in excess th6reof, shall contain t1W1 usual Itandard m:>rt,aIN cl.sUS'J or suet. other c1auw .s the Mortgalllle may require, makin, the IoIiI under ..Id pollcl.., each and r#KY, payiIlble to said MORTC^Gt:~ as Its Interest may loppear. and each and every such policy Iha\! be promptly aulcrwJ end delivered to .nd h4t1d by ,.Jd MORTGAGEE as further Jecurl~ to said mortllage debt, Ind, not leu tNn ten (10) da)'$ In advance of the explrc.-tlon of MCh policy, to deliver to said MORTc:..-.GEf . renewill thereof. totether with. rl'OJipt for the premium of such renew.l; .nd there shall be no fire or tornado lruurance pI.ced on .ny of "Id bulldines, .ny interest therein or part thereof, unleu In the form and with the Joss p.yable as aforMald; and in the event any sum of money becomes p.tYlblo under such 2M-2-60 '.