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HomeMy WebLinkAbout2645 EO H:E 543 trR~ ~:d l~th ,.,-t)~y of"..___... d', \T I "' r '.-,l:h. Y, : l OLl VER LOTT. and.MARY E...t.ot1..-hu~wUa~ .April- A, t14/7:)R ., ^ 0, 1l}63 ,\;,etween THIS INDENTURE, Made the of d. St. Luc:ie ., County, Flo.-ldA, ~relnaftlH' desl.nat!l(l al the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, . corporL'tlon or.aniled and existing under the laws of the United States of America aCId havin~ Its principal pla<:e of business in the City of Vero Beach, Indian River County, Florida, hereinafter designated as the "MORTG.\GEE." WHEREAS the MORTGAGOR il justlY I~bted to the MORTGAGE6- in the "-1m of Fi ve TJlo\Jsand. F().l1LlIl!l)(k~(;LSinp no/lOO---,------------.....-..--<S5.400.QO ,.........1 Dollars, good and lawful money of the Unlt~ States advanc&<! by the MORTGAGEE unto the MORTGAGOR, al evldtmced by . certain promi!$Ory note ef even date herewith, of which the follOWing In ....,ords and figures is a true copy, to-wit: $5,400.00 No, ..... Vero Bea-ch, Florida, ... April n t 1963 to pay to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN at its oUlce In Vero Beach, Florida, with interest at the rate of 6. ;) . For value rccp.ived I or we jointly 0.- severallv promise RIVER COUNTY, the sum of S 5 t 400.00 pcr cent per annum. in the following manner: S 54.00 upon the first of each and every month herealter until the fu!1 principal sum, with Interest, has been paid; said mJClthly p.,yments shall te "pplied first to the payment of interest on the unp.1id 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, nerd,," s.~.erally waives demand, notice of non'Dlvment and pretest of this note. 15/ , Oliver Lott Js/, NaryE. Lott (Seal) ,(Seal) !n lh" event any payment is not made prior to the 20th day of the ~th when due, then this note sh..!oll be8r Interest at the rate of 8.4 % from the date any such payment be<ame due ~nd throughvut the period of such delinquency. Slate stamps paid and cancelled on origin81 of this note in the amoUnt 01 $5.40, NOW. THEREFORE. the MORTGAGOR lor the purpose of securing the ,_,ment of the said sum of S 5 t 400. OQ " .. d and the perlormance 01 the covenants and agreements hereinalter expres>ed, and for divers good and valuable considerations, by these presenh, does grant, vargaln. sell, remise, release, convey and confirm unto the MOR fGAGEE its succe>sors and assigns, all that certain bt, piece or parcel of !.md. situ,te, lying and baing in the County of . St. .Lucie and State of Florida, described as follows: Lot 3. and the North 1/2 of Lot 41 Block 3. DREAMLAND PARK SUBDIVISION. according to the Plat thereof recorded in Plat Book 7. page 38, public records of St. Lucie County. florida. ," f 1t-'kE; , ,\.'.':... It! Pt-'(lo\f.tl1,.~OPE.fl.1'. , / ..------: E.fl.SOtl~\. ~ ...r.I8\.E. P f \94\. f>f.C(~~(~\.\;ss '~;:11::~01~4, ~~~;r' ')\J~ \l"tl1 10 C Oerk C,rCU\ \'u~s \'01111./':;, JJo,M~5 ~OC, .R \);:'115 N-" , , "genl lor C 1 collector ,-:/ o~ . Counl'f o~ /: '.1 . l\lCle ' , ,'(b .- nil )1, '". I ,. [, i " DE-PUn' CLE.nn : ",,1" 'n'f~ ' ' t011ether with all and singular the tenements, hereditaments and appurtenances thereunto belonging Or in anywise appertaining thereto, and all rents. issues, proceeds and profits accruing and to accrue 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 succcssors and I!S.signs forever. And the said MORTGAGeR for the irheirs, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, its succes- sors and 8ssigns, that . they. are '. . lawfully siezed of the said premises in fee simple; that the ;arT,e are free, clear and dis. charged from all liens ~nd encumbrances in law or In equity, and that they will and ,their . heirs shall warrant and delend the title to the same to the said MORTGAGEE, its successors a nd assigns. forever against the lawful claims and demands of al! persoos, PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore dC$Cribed, and shall truly, promptly and fully perform, discharge, execute, complete, comply with and abide by each and every the stipulations, agreements. co..,ditions and covenants of said promissory note and of thi~ :.1ortgage, then this Mortgage and the Estate hereby created shall cease and be null and void. IT IS UP mERSTOOD that the word "Mortgagor" whether in the singular or plural anywhere in this Mortgage, shall be singular if one only and shall be plural jointl, and severally if more than one, and that the .....-ord "Their" as used anywhere in this Mortgage shall be taken to mean "his," "her," or "its," wherever the context so implies or admits. Also, that wherever there is a reference in the covenar,ts and agreements herein contained to any of the parties hereto, the same sha II be construed to mean as well as the heirs, legal representatives, SUC, cessors and assigns (either voluntary by act of the pilrties or involuntary by operation of the law) of the same and that the covenants herein cont~lned shall bind and the benefits and ad.antages inure to the respective heirs, legal representatives, successors and assigns of the parties hereto, AnJ S.]I<1 Mo:t"agors, hr themselves and their heirs, legal representatives. successors and ,lSsigns, hereby 10lntly and severally covenant and agree to and with the said MORTGA.GEE. Its succe":'rs "nd .'ss'>:ns' I, To p,'y all and singular the prinCipal and Inl"rest ~nd "'e various and sundry sums 01 money payable by v"ture of sad promissory ,",ate, and this mort~age. each and every promptly on the days resp<.-<:Iively the same severally become due. 2. To pay all and singular the taxes, assessments, levie$, liabilities, obligations 8nd incumbrances of every nature and kind now On said described property, or that hereafter may be imposed, suffered, placed, levied, or assessed thereon or that herealler may be levied or assessed upon this Mortgage, or the indebtedness sCC'Jred hereby, each and every, when due and payable according to l?ow. before they be. come delinquent, and before any interest attaches or any pel'\alty is incurred; and insofar as any thereof is of record the same shall be prompt I, S<'tisfied and di,charged of record and the original official document (such as, for inslance. the tax receipt or the satislaction paper officially endorsed or certified) shall be placed in the hands of said MORTGAGEE within ten days next alter P<'yment; and in the event that any thercof is not paid, satisfied and discharged, said MORTGAGEE may at any time pay the same or any part thereof without wai.ing 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 Immediate I, due and payable and shall bear interest fro:m the date thereof until pa id at the rate of six and MJe.'enths pcr centum per annum and together With such Interest shall be secured by the !ten of this mortgage, three ), To place and continuously keep on the buildings now or herealter situaled on said land and on all equipm"nt .1nd perscnalty co, ered by this mortgage, wilh all premiums thereon paid in full, fire insurance in the usual st"ncilrd policy forrr., in a sum .1pproved v'; th,~' MORTGAGEE, and tornad-:> insurance .n the usual standard policy form, in a sum approved by the MORTGI'.GEE. in such company or companies as the MORTGAGEE may direct; and all fire and tornado insurance policies On any of sa,d buildings, any interesl therein r;r partthcrevl. in the aggregate sum aloresaid or in excess thereof. shall contain the usual standard mortgagee clause or such other clause as the Mortgagee ma, require, making the loss under said policie1, each and every, payable to said MORTGAGEE as its inlNcst m"y appear, and ei'lch and ever, such policy shall be promptly a"igned and delj-,'ered to and held by said MORTGAGEE as lurther security to said m'ortgage debt. and. ""~I less than ten (10) days in advance of the expiration of each policy, to deliver to said MORTGAGEE a renewal thereof, together with a receipt lor the premium of such renewal; and there shall be no fire or tornado insurance placed On any 01 said buildings. any Int"rnt Ifv.'re'n Cr f,part thereof, unless in the lorm and with the loss payable as aforesaid; and in the event any sum 01 money becomes payable under such 2'-1-2.60 "