HomeMy WebLinkAbout2839 -~s.~~ . _ . . _
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~us u~oEHrur~. N+.d. ei,..._..~~.~i.._ o~.,? ~ A..P.r.~ w a i9.6~... e.~w:«
. ~ _..._.._..I3C18FRT.C..1?IXQl~LBnd I11 ARY A_ DIX~N.~hig-1~ti#~.,------- ~
of.._..._.,~L._.LllCl~._.._~......_ Ca+nty. Florid~. h~nln~it~ drst~n~ted u tM "MORTGI~OOR." and FIRST FEOER/?L SAVINGS MIO ~
LOMI ASSOCtAT10N OF INDIAN RIVER COUNTY ~ caPa~~ o~nind snd ~cistins und~~ th~ iaws of tM UMt~d Stata of M+erka
and htvin~ its pHncipal plsta of buslness In th~ pt~t of V~o 8~ach. Indian Riv~ Ca~nty. Flaid~. MhitiftK d~sip+~t~d at ths "MORTWGEE"
tM MORTGI100R b j t~ i~q~ tM MORTCACEE in ~Fourteen Thousan F V@ ed ~
and.nQ~~.~.:-~.--~ ------'t`s•1Y4.-?LN~~.._a oo~a~s. e~d •~a aM?f~,~ m«+w of M» uniad sat~s .dva~cee b~? th.
MORTG/1GEE unto th~ MORTWCOR. as evidw+cd~'f? • oKhM p~antsswY ~o» of wa+ dst~ herowlN+. of whkh tM foilqwin~ 1~ words
s~d it~u~es is a tru~ oopy. to-wir. .
t~..'~..SQQ._9Q_. Na __.__R"~'St~
V~ro 8~sth. Flald~. _._,.-_A~l1"~~s------------ 19.~ _
r-o. ~?aa,. ~we o. w. tanth? ar ~.w.,iy? ao~s. eo ar to Fiasr F~r~ snvit~cs ~rro ~,o~w ~?ssoci~rot~ oF iNOiMt
. . RIVER COUIVI'Y. tM w~n of t~•~~•~.___.~_._ at ita oftia ln v~o BMCh. Fla~d~. wiM i~trnst ac tht rat~ of._....~2...~~_.
pN oent psr snK~m, i~ th~ ioilowin~ ewnw?: .
=1~.Qn--- uPa+ th~~fi~st of pd+ and ~wry nanth MnaftK unNl th~ iutl prinNW~ with Int~nst. h~s M~n pNd: sNd ~
monthly Psy~nenis sh~ll be aOP~ied first to ths WY~~?t of inteoest on tM unP~W bibno~. snd th~n to tM pry~+na+t of pincipal. ,
• This not~ is ne~otisbl~ and if defwh in payment oowrs. m~Y be Placed M tM wnds of an stton+ey at bw for tolkttion. h+ whith .
~va~t 1 or ws a~n~ to pay tM oosts of oollectlon. tnclwii~ a re~so~+~bk atto.~ry's fe~. and wch of us. wF+stM? m~lcer. ~uan~+to? a Mdorser.
henby s~waly waiws d~nand. notia of non~avmw+t and P~t of this rate.
_~~/~iu~ct_~.~~xoaa_ _a..a
~s Mar A~ix~n cs~.4 _ ~
~ . ~n d,..r«+t ,n~? o•y~n.M is na ~n.a. vrio.lo N» Zoth d.~? of th. month wF~n du.. N+.i+ ehb ~or. d,~.n e... Int~na at N+. .m of .
5.4~ from tM dat~ any such psyn~+t betams dw snd tFro~t~out th~ PKiod of wd+ dslin~cy. ~
Stat~ stan~ps P~id snd canoslled on orisinsl of tNs nots M the anwunt of i~i~s~..... •
NOW. THEREFORE. th~ MORTGAOOR for tM purpose of s~axir~ th~ payewnt of th~ sdd win of =-~y~~-~ ind ths
pKfosmw+o~ of th~ covenants and s~re~nients MntnaftK ~pnsssd. a~d for ~vaes ~ood and v~iwbb oonsidMaMons. bf? tMse P~+ts. does
trs~t. bs?Bsin~ sell. re+++ise. rela~sse. oa+vaY snd oonfimn unto the MORTWGEE its suoossso~s and sssip~s„ all thst certain lot. P~~ a-PirCel of
; tand. situ.t~. hrins .nd b.+es in th. Ca.++r of-..~----...~L.w~u~l~_~..~ ___r._ sna st~t. of Fbr+a...daaib.a as fotwws:
'
~ Begin at the NE corner of the North 375 feet of the S 1/2 of the NE 1/4 of ~
o~ . ~the SE 1/4 of Section 5, Township 36 South, Range 40 East, run South
W~~ 254 feet to a point; thence turn and run West 275 feet for a point of
~ o o t ` beginning; from said point of beginning continue West 125 feet to a_point;
~ W ~ c~ o thence turn and run South 121 feet to a point; thence turn and run East
125 feet to a point; thence turn and run North 121 feet to the point of
m~ v~ beginning; being also described as Lot 3 of ari unrecorded plat of DANIELS
o~$ SUBDNISION, lying in the North 375 feet of the S 1/2 of the NE 1/4 of
=d ~ o the SE 1/4 of Section 5, Township 36 Soudi, Range 40 East. ~
. t N oc f- • ~
• V ~ V ~ ~ i
Ho ~ ~
OV=~ « I
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V W~ JC <
tO<v ~ ~
~t1Qr wlMl~ all and sin~u4r tM tawrnsnb. t~bn~nh and aPPurtenr+ps tMnu~?to btior~in~ o~ M arrywis~ appKhinin~ N+uNO. and
all rents. issues. Procaeds s~d Profits aocrufni snd to ~otnw fram ssid prornitas. sll of whtch aro incl~ded In the abow and faa~olns ds-
scriDtion and I~abandum.
TO H/?VE NVD TO HOLD th~ ~bow dauibd snd ~ran»d pnmises unto tM saW MORTGt?GEE. ib suoassors and assi~ns for~v~er.
- Md ths ssid MORTGIIGOR for
~~'_.hairs. ~xeu+tas. adndnistntors and assip~s„ hereby oov~nsnts with tM said MORTGl1it'EE. its woces-
sors and assitns thst~ ~-e~- _bwfully sie:ed of the ssW premis~s in iee stenpb: th~t ths ssn» sn fre~s. ckar and dIs-
thsrged from all liens and ~ in law or in equity. snd that~~_5~1~ wt11 and _ ir he~rs s!»II wa?rant snd
defend the titie to the ssme to the ssW MORTGAfiEE. tts suoosssors and auigns. fo
w against tht I~wful tlaims and darnsnds of sll pe~sons;
PROVIOED. ALWAYS thst if the MORTWI~OR shall psy unto ths MORTGAGEE the promissoey note hsrcinbefore described. and
~ shsll truly. Pwmpt~Y snd fuly per(wm. d'ischarge. exewte. oornPkte. comPb with snd abide by e+ch snd eMery the stipubtio~s, sgreements.
oonditions snd oo~vensnts of said P~~+iss4+Y note and of this Mortgsge. then this Mortgage and the Estste heroby aested shsll cesse and bs
rwli snd voN
IT IS UNDERSTOOD that ths wad "Matsa~or" wF~ethe~ in the singular w plural anyvvF~xe In this Matss~s, sha11 be singub~ if ons
; only snd shall be plunl jointiy and severaily if more than one. snd that the wad 'Their' ss used anyviA+ere in this Mortgage shall be bken
! w mean ••hi;•• ••he.; ' or "its." wherever the oontext so implies or sdmits. Also. that wherever there is s referanca in the ~nts ar+d
~ agreements herei~ contained M sny of the parties hereto. the same shall be oonstnied to msan ss we~1 ss the heirs, kgst represenhtiv~es. suo-
cessors and assigru (either voluntsry by sct of the parties or involuntary by operation of the law) of the ssme snd that the cove~~nts herei~
oonhined sF?all bind snd the bensfits and advsnts~a irwre w the respective hein. IeQsl representaHves, watessors and sssiBns of ths
~ psrties heret0. .
/4d ssid Mort~sgas, for tMms~Ms and tF~sir Mlrs. lesal representstives, suocessors snd +F~SM. ~+~Y Ia~tly and s~v'snlly oovenant
and agree ro and with the said MORTGAGEE. its wocesso~s and assiW~s:
1. To pay all and sin~ubr the printipal snd interest snd ths various and sundry s~xns of ma~eY WI?~bk bY Wrtus of said promissQry
noe~.. u+d thts mo~rsaae. e~.d+ a~,d.ere.y w~~wb a+ rhe d+rs nsv.ct~~~y ~,e s.~+~s ssv.n~y beoo~N d~,..
~ ~ 2 To psy ~II ~rd sineulsr th~ taxes„ ass~nts. levi~s. Iisbilities. cbNptio~s and Mwnib~snas of ~wry rotun and kind now on
s~W describcd prope.ty. o? tF+~t Mr~ah~r msy b~ irt~?os~d. suffend. D~+oed. lavied. or sssessed thercan w thst hae~her ms~? b~ levied or
a:sessed upon this Mortpp. a tM ind~btedness sxu.sd herebY. each and evary. when due and p~syabk aooo~di~ to Isw. before they be-
oane detinquant. and befor~ sny interest attstha a any pa+~lry is inturred: and tnsohr as any thersof is of reoord ths ssms shsll bs p~omptly
satisfied a~d dischsrged of record and the ori~insl offidsl docurnent (wch +s. for fnstanoe, ths tax ~eoeipt or the sattsfsctian pape~ offkislly
endwsed w tertified) sMll bs plsc~d fn ths F~ands of ssid MORTGIIGEE within hn dsys next sfter psyment; ard tn the event that srry thereof
b nor wW. s~tisNed and dis~ch.rpd, s~id MORT~'rA(',EE m~y at se+~r time pay the same or any w~t thereof wtrhout wstving or sffecnns +n~?
option, lien. equity. w right under o~ by v(rtw of this Matp~e. and the full sma~nt of esch erd every such paynx.~nt shail bs immediately
due and payabk and shal) bwr int~rest fran the dsts tl~eroof until psid st ths tste of six a~~7~i'e.~enths per oentum per arrnxn and togetF~er
with such Interat shsll b~ seoix~d b~? tht Ilen of thb mo.tpp. ~iii e .
~ 3. To ptsee and aontinuously ksep on tht buildin~s ~ow w Mr~ak~r sitwted on ssid Isnd ard on all equipena~t and ps~sona~ty oov-
~ end by thts mortQa~e. with all prreniuens M».~on psid In 1u11. fin inwrsno~ in the ususl sbnda~d policy form, in a wm aDD~oved bY t~+e
~ MORTGJIGE~. and tornsdo inwrar~ in eM ususl stand~rd polky form,in a sum ~pprov~d by ths MORTC/1GEE. in sud~ oon'ipsny a? oornWnles
~ as th~ MORTGAGEE rnay direct; aed all Hn and tortido baurano~ polides an anfr of s~~d buildini:. +n~? interest the.efn o? p~rt thereof. in the
~ ag~regate wm a~ores~id or N~oass tfiKeof. sh~il oontain tM u~wl stsedsrd enortp~u claus~ or wch other elsuse as the Mort~s~es msY
~ rsquire. rrwkin~ th~ loss uedM said policies. exh and~y
, pay~bit to ssid MORTGA'GEE as its interest nn~Y appN~. and eath a~d ev~ry
wch D~licy sh~tl bs pranptiy aai~r»d and detiwr~d to and heW b~r ssid MORTGII~EE as furtF~s? sew~ib to said - na~tpse debt, and. not
~ less th~n tao (10) d~ys in advanc~ of th~ ~xpiration of ~eh Pak~?. to deliv~ w s~id MORTC~EE s nn~ral tlwr~wf. to~eths? with a reoeipt
for th~ premium of wd~ r~wal; and tMr~ sholl b~ ra fir~ a t~onnado inswana pisosd on any of said builJMs. ~ny. interest therein or ;
~ psrt thsreof. unl~ss fn th~ ionn and with tfie lo~ paysblt as afa~es~id; and in tFr ~vent a~+y wm of n~pr+p~b~oon~s_gsysb~s u~nder wd+ -
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