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Home My WebLink About1705 THIS It\:DENTURE, Made Ihe, 11 th .~ p ::'" ~ Day of __h'.... j tl'~J7() '5U ; ,I,: 302 March J. L. &~. . INC. . a Florida corporation, . of St. Lucie County, Florid., hereinafter <*Iinated al the "MORTGAGOR." Ind FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVfR COUNTY, !l corperallon orllanlzed ,nd exlstlnll under the laws of the United Stites of Amerl~ OInd h~ving ils prirv:ipal place of business in the City of Vera Beach, Indiln River County, FloriO., herelnlft!:r deslgNlted as the "MORTGAGEE." .... .., A. D. 19 6.3" between .~ W~EIU^S the MORTGAGOR is ju~tlY...JnQop..t~ ~~the MORTGAGEE in the sum ofTwelve.Thousand..Two_Hundred anu no lW-:------------:--l.$l.l..LUU.W..l ()')!II'S, good arv.lllwful money of the United Stites advlnced by the MORTGA EE unlo Ihe MORTGAGOR, as evidenced by a certlin promissory note of even date herewith, of which the followinll In words and f,gu,es is I true copy, to,wit: 8 $12.200.00 No. 154 Vera Beach, Florida, ' March 11" 1963, Fo, va'u~ ,<'Caived I or we jointly or save,allv promi$(! to oev to FIRST FEDERAL SAVINGS ANO LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of $ 12, 200.00 , at its olfice in Vero Bea<:h. Florida, with Interest at the rate of .6~.6, ~, cent pe' annum, in the followinll manner: $ 92. 00 upon the fi,st of ea,h and every month hereafter until The full principal sum, with Interest, has ~n PAId; said monthly paymenls shall be applied fi'st to the pavment of Inte,est on the unpaid balance, and then to the payment of principal. This note is nego;;able and if de/aull in payment OCCU'S, may be placed in the hands of an attorney at law for collection, In which event I or we ag'~e to pay the costs of collection, including a ,easonable attorney's fee, and each of us, whether milker, gua,anto, or endor~r, he,ebv seve..lIy wOIives dem~nd, notice of non,pavment and protest of this note. J, L. & S,. INC. (Corp, Seal) By: /s/, Louis J.Sambaw9sident . . (Se"n Attest: ., /s/. Jas.eph.J.. Sa~ffi-etarn_,~,'(SuI) In the event any payment is not made prior to The 20th day of the month when due, then this note shall bear Int.....lI1 ~ rete.of 8.'1 % from the date any such payment became due and th,oughout the period of such delinquency. Slate stamps paid and cancelled on original of this note in the amount of $12.,20,.... NOW. THEREFORE, Ihe MORTGAGOR for the purpose of securing the payment of the $.lId sum of $12,.200.00 ..' and the perfo'mance of the covenants and ag,eements hereinafter expreued, and for divers iood and valuable considentlons, by these prMer'lt$. does g,ant, ba'gain. sell, ,emise, felease, convey and confirm unto the MORTGAGEE its successors and uslSN, all thar certain lot. piece or PArcel of land, situ 'Ie, lying and being in the County of St. Lucie and Stlte of Fiorlc:", described as follows: Lot 5, Block 5, PARKW AY GROVE EST ATES, UNIT ONE, according to Plat thereof on file in Plat Book 12, page 30, public records of St. Lucie County, Florida. fi~eEi~:D $ ~~~. ,'{'i PAYMi"H'M'rA~~4 DUE ON ClASS'C' INTANGIBLE PERS0NAl PROPERTY. PURSUANT 10 CHAPtER 2012". ACTS OF 1941, R.OC~R POiTRAS, Clark Circuit Curl 01 Agent for CURTIS M, JAMES SI. Luc' ounlY TOK Coll~" ,~-LJ. 75'~-:t; DEPUTY Cl~HI( ll~~ ' '1;'.'~~~.J P;('. . (r l~'P ~ I h..~:~~,~ ',' ~ '! (~llWL ~~~~~.;.;.:.:" .ii - . . _ '. . 4 ~ _.. . together with all and slnll'-l13' the tenements, hereditamt''1n Ind appu,tenances thue\lnto belonging or In anywise appertalnl", thereto, and . all renn. issues, p,oceeds and profits accruing OInd to accrue from $.lId premises, all of which ue included In the above Ind for..oIn, d&- sc,iptlon and lulbe<1dum. TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, in successors and asalgns forever. And the said MORTGAGOR fo, ,H? f3~~OQtlO~and assigns, :lereby covenanls with the said MORTGAGEE. In SUCCe!>- sea and assigns, that it is .m. ....' lawfully siezed of the said premises in fee simple; that the !:lime are frlle, clear and dls. L~ ed f . I . , nd L. l't '11 nd its succes~rs L_I nd c..arg rem all liens llnd l'ncumbrances in aw or In eqUity, a t....t .,. WI a . u.... u... "s.... I warrant a defend the title to the same to the said MORTGAGEE, In successors and assigns, forever against the lawful cI!llms and mands of all pe,sc.ns; PROVIDED, ALWAYS that if the MORTGAGOR sh4Il1 pay unto the MORTGAGEE the promissory note hereinbefore described, aOd shall truly, promptly and full) perform, discharge, execute, complete, comply with and abide by each and every the stipulations, agreemenn, conditions and c~venants of $.Jid promissory note and of this Mortgage, Then this Mortgage and the Estate hereby created shall cease and be null and void. IT IS UIJDERSTOOD that the word "Mortgagor" whether in The singular or plu,al anY""nere in lhis Mortgagll, shall be singular if one only and shall be plu,al jointly and severally if more than one, and that the word "Their" as used anywhere in this Mortgage shall be taken 10 mean "his," "her," 0' ";ts," whe,ever tilt: context so implies or admits. Also, that wherever there is a reference in the coven.Jnts and sgreements he,ein conlained to any of the parties hereto, the samo slulll be construed to mean as W1!1I as the heirs, leial 'epresentatives, suc~ cesso,s and assigns (either voluntary by act of the parties Or involunta ry by operation of the lawl of the same and that the covenantl herein con/ained shall bind and the benefits and advantages inure to the ,espe<:Tive heirs, legal representatives, successors and Issigns of the parties hereto. AnJ s.lid Mc'Clgagers, br themselves and thei, hei,s, legal ,epresentatives, successo,s and assigns, he,eby jointly and seve,ally covenanl and .lg,ee 10 anJ with the said MORTGAGEE, ils successors and dSSlJns: ! : To pay all and singula, the principal and inle,esl and I"e va,ious and sundry sums of money payable by virtu'e of said pronlissory note, and this morlgage, each and every p'omplly on the cloys ,especlively the same severally becomt! due. 2. To pay all and singular the Taxes, ll~ssments, IlIVies, IIlbilities, obligations and Incumbr.mces ~f every nature and kind now on said described prope,ty, or that hereafter may be imposed, suffe,ed, placed, levied, or assessed thereon or that hereaftar may be levloo or assessed upon This Mortgage, Or the indebtedness secuced hereby, each and every, when due and payable acco,ding to law, befo,e they be~ come delinquent, and before any Interest att3ches or any penalty is incurred; and Insofar as any Thereof is of record the same !hall be promf>tly satisfied and discha'gcd of record and the o,lginal official document (such as, for instance, the tax receipt or the satisfaclion paper officially er.do,sed or certified) shall be placed in Ihe hands of said MORTGAGEE within ten days next after paymen/; and in the event thaT any the,eof is not paid, salisfied and discharged. said MORTGAGEE may at any time pay the same or !lilY part thereof without waiving or affecting any option, lien, equity, or ,ight unde, or by vi,tue of Ihis Mortgage, OInd the full amount of each and every such payment shall be immediately due and payab'e and shall bear interesl from the date thereof until paid at the rate of six and six-tenths ~r centum per annum and together with such interesl shall be 5e<ured by the lien of this mortgage. 3. To place and continuously keep On the buildings now or hereafter situated on said land and on all equipment and personalty cov, ercd by this mortgage, wilh all premiums the'e'~n paid in full, fire insurance in the usu.11 standa,d policy form, in !l sum app,oved by th~ MORTGAGEE, and tornado insu'ance in the usual standard policy fo,m.in a sum approved by the MORTGAGEE, In such company Or companies as Ihe MORTGAGEE may di'ect; and all fi'e and tornado Insu,ance pol icies on any of said buildings, any Inte,est the'eir, 0' pa,t the,eof, in the agg,egate sum aforosaid or in excess the'eof, shall contain the usual stand...d mo'tgagee clause or such o/hc, clause as the Mo,tgagee may ,equire, making the leu under said policies, e~ch and every, paYOlble to S<!id MORTGAGEE .s its inte,e-st may appear. and each and every such policy shall be promptly lisigned and delivered to and held by s3id MORTGAGEE as fu,ther security to said mo,tgage debt, and, root less than ten (10) days in advance of the expiration of co<:h policy, to deliver to said MORTGAGEE a renewal thereof, together with a receipt for the p'emium of such renewal; and there shall be no fire or tornado insurance placed on any of said buildings, any inte'est the,ein 0' pa,l Ihe,eof. unless in the fo,m and wilh the loss pdyab!'3 as aforesaid; and in the event any sum of money be<:0ffiM payable under such :<M-2~6J