HomeMy WebLinkAbout2491
THiS l'-mFNTURE,
~'}~r fjO i ,',:~ 3SS
Day of , __
'1 t ' r'r .,
" 'f. ).,
M.,de the
25th
!\ICHAgnS ,.lOll MACIL ~-1.
.t\larch , ^ D. 1963 , between
!\ICIl AI\!)S. his \\' if('. ___._________
Kt::;\~I:Tli ~,
of ;;t, Ll'C it..' County, Florida, hereinafter d.tllgn.:lted "' the "MORTGAGOR:' and FIRST FED:RAL SAVINCS AND
LOAN AS~OCIATIOrJ OF INDIAN RIVER COUNTY. a corporation organized and existing under the laws 01 the United States of Ameri':a
and ha.",,: It, principal place of bminess in the City of Vera Beach. Indian River County, Florida, hereinafter designat('J as the "MORTGAGEE."
W~1[J\L-\S the MORTGAGOR is jusUy \qOOQte\i,,lp the MORTGAGEE in the sum of Five Thous~lnd T\"l) LIumircLi
1 n. t 'lU. ,~){) - - - - - - - - - - - - - - ($J. ,tW. VV ..) DoII.rs. good and lawful money of the United States advanced by the
"'.10RIGACFE unto th(' MORTGAGOR, as evidenced by a certain promissory note of even rute herewith, of which the followirg In Vo'Ords
and tl~url..'\ is. d true copy, to~wit: H_173
$~, 2()(I, (l(t
No.
Vero Beach. Florida, i\'1:1 !'ch 25, 1963.
F,,, .'alu" received I or we jointly or se.erally promise to pay to FIR~ FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN
at its office in Vera Beach, Florida, with inter~t at the rate of
6.6
!
RiVER COUNTY. the sum of $:1, 200.00
per cent per annum, in the following manner:
$:;2. (to upon the first of each and every month hereafter until the lull principal sum, with Interesl, has been paid; SIlid
rn :n'I1:, p.lyments shall he applied first to the pa.ment of interest on the unpaid balance, and Ihen 10 the payment of principal.
Th" note is negoll.,l.Ie and if def~ult in payment occurs, may be placed in Ihe hands of an attorney at law for collection, in which
e, <,,,t I or we ,lbre,~ to pay the co,ts of collection, including a rea<enable attorney's fee, and each of us. whelher maker. guarantor or endorser,
t-I..l(....~" ').~"('r.]lly \'0',)1"('\ ck"nllnd, notice of non-payment and protest of this note.
is
.S
Kenneth N. fUchards
Macil :-"1. P.icharJs.
(Seall
__(Seall
In the e,unt olny payment ., nDt made plior to the 20th day of the month when due, then this note shall bear interest at the rate of
8 4 % fr,-'m the date any such pa)ment became due and throughout the period of such delinquen<:y.
State stamps p"id and cancel/ed on original of this note in the amount of $ 5. 20
NOW. THEREFORE. Ihe MORTGAGOR for the purpose of ~:!curing the payment of the said sum of $,). 200. O~) and the
pello.mance of the covenants and agreemonls hereinafter expressed, anu for divers good and valuable considerations, by these pr~ents, docs
~ranr. bargain. sell. remose, ,elease, convey and confilm unto Ihe MOR fGAGEE ils successors and assillns. all that certain lot, piece Or parcel of
land. Sltu.lle. Iv 0,.- ~ and being In the County of
St. Lucie
and Slate of Florida, described as follows:
Lot 10 nf Foqer's :{evision of I3Iock :3, of Cran,cl"s
Ac!ditiol' to Fnrt Pierce, being a subdivision of a pan
of the \: 1/2 of SF III of SF 1 4 of '-)cction 9, Township
~:) South, l{.lnge 40 I~'ast, according to a plat ther('of
rf'corded in PLlt Book 4, pClge 41, pubI ic rccc)!"rJs of St.
Lucie COlll"'tV. !'!cvida. /;Lt;J
IH"([lvrb S / tJ.L ---- -IN PAYMENT OF TAXES
DUE ON CLASS'C INTANGIBLE PERSONAL PROPERTY.
Pllll5UANT TO CHAPTER 20JZ04. ACi S OF 1941,
~CG R P<:ITR~~. Clerk Circuil Coort
os A:;enl L r CU TIS M. JAMES
51. L.:'.c~jovnIY Tax ~'or
B ..{-,,-<~ u::,~~.cC
Y DEPUTY CLEU -.
together with all and singular the tenements, hereditaments and appOltenances thereunlo belonging or in anywise appertaining thereto, and
ail rents, issues, proceeds ~nd profils accruing and to accrue from said premises, all of which are in<:luded in the above and foregoing de-
scription and habendum,
TO HAVE AND TO HOLD the above described and granled premises unto the said MORTGAGEE, its successo~ and assigns forever.
And Ihe said MORTGAGOr: for thei r heirs, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, its sut:ces-
sors and assigns, Ihal
th~y <l!'C
lawfully siezed of the s.aid premises in fee simple; that the SAme are free, c:lear and dis-
charged from all liens and encumbranc~ in law or in equity, and that they _ will and thei r .... heirs shall warrant and
defend Ihe title tu the same to the SIlid MORTGAGEE, its succeSSQrs and assigns, forever againstlhe lawful cleims and demands of all persons;
PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, imd
shail 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 Ihis Mortgage and Ihe Estate hereby created shall cease and be
nuil and void.
IT IS U/iDERSTOOD tlklt Ihe word "Mortgagor" wnelher in the singular or plural anywhere in this Mortgage, shall be singular if one
only and shail be plural jointly and severally if more than one, and that Ihe word "Their" ..s used anywhere in this Mortgage shall be taken
to mean "his," "her," Or "its," wherever the conlext so implies or admits. Also, thaI wherever there is a reference in the covenants and
agreements herein contained to any of the parties hereto, the sam9 sha:1 be construed to mean as well as the heirs, legal represC'flt-tives, suc-
cessDrs and assigns (either volu'ltary by act of the parties or involunla ry by operation of the law) of the ~me and that the covenants herein
ro.-,tained ,hall bind and the benefits and ad..antages inure to the respective hei~, legill representatives, successors and assigns of the
parlies herelo.
Ivd '.11<! Mo:tgJi:ors. for themselves and their heirs, legal repres~ntatives, successors and assigns. hereby Jointly and severally cO'..enant
,'nd .1gree ILl and with the said MORTG!\GEE. Its success~rs and ,,,signs
1. To p,'y all and singular the principal and interest ,lnd he various and sundry sums of money paYilble by virture of s~id pr~missory
note. and this mertgage, each and every promptly on the days respectively the same severally become due.
2. To pay all and singular the taxes, ilssessments, levies. lIi1bilities, obligations and in<:umbranc~ of every nature and kind now on
said described property, or that hereafter may be imposc-d, suffered. placed, lavie<!, or assessed thereon Or tNt hereafter may be levied Or
assessed upon this Mortgage, Or the ir.debledness secured hereby, each and every, when due and payable according 10 la,,,, befole they be.
come delinquent, and before any interest attaches or any penalty is incurred; and insofar as any thereof is of record the same shall be promptly
satISfied and discharged of record and Ihe original official document (such as, for instance, Ihe tax receipt or Ihe salisfactiun paper officially
endensed or certified) shall be placed in the hands of said MORTGAGE E within ten days next after payment; and in the event lhat any thereof
IS not paid, salisfied and discharged, said MORTGAGEE may at any time pay the same Or any part thereof wilhout waiving or affecting any
option, lien, equity, or right under or by virlue of this Mortgage, and the full amount of each and every such payment slklll be immediately
due 2nd payable and shall bear interest from the date thereof until pa id at the rate of six and slx-Ienlhs per centum pcr 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 hereafter situated on said land and on all equipment and personalty ccv-
ered by this mortgaRe, ,..ith all premiums theleon paid in full, fire insurance in the usuill standard policy form, in a 5um appro...ed by the
MORTGAGEE, and tornado insurance in the usual standard policy form. in a sum approved by Ihe MORTGAGEE, in such company or companies
." the MORTGAGEE may direcl; and all fire and tornado Insurance pol icies on any of said buildings, any interest therein or part thereof, in Ihe
aggregate sum aforosaid or in excess thereof, shall contain the usual stand3fd mortgagee clause or such other clause as Ihe Mortgagee may
require, making lhe loss under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every
,uch policy shall be promplly auigned and delivered to and held by said MORTGAGEE as further security to said mortgage debl. and, not
Ie;, than ten (10) days in advanco of Iho expiration of each policy, to deliver to said MORTGAGEE a renewal thereof, together with a receipt
for the p,emlum of such renewal; and Ihere shall be no fire or torr,ado insuran<:e placed on any of said buildings, any interest Iherein Or
p.,r! thereof. unle" in the form and with Ihe loss payable as aforesaid; and in th~ event any sum of money becomes payable under such
2M-2-6'J
'"
~~ .
..'. .
. ~
........IV.... _t...J__ ~K",-___.""'" - _':; ~- -.--. -- ~,...--