HomeMy WebLinkAbout1080 ~ ~ ~Fr ~ 1 i
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.._....HA~3.41..IZ.~...~KI~M.~..~~nd AD C,.:.._W~.~~.MS~ h~~
of._~.t.._~ucie _ cow+ty. F~«+a.. a~~•~ er~. ~~MaeTC~ooR.N .~,d Fi~ ~wu. s~wHCS ~wo
lpMi ASSOCIATION OF INDIAN RIVER OOUNTY aoaporat~lon orw+is~d and ~dstin~ unde~ th~ laws of th~ U~it~d Stst~a of An~'k+
~nd h~vir~ its principat plsu of bustewss i~ th~ City o~ VKO BWd~. I~dlae Riwr Ga+nb. Fbrida. MrMraitN daiO'ut~d as th~ "MORTC~IIGEE" i
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4!~~~..1~~~TC~ ~ ~ Fift Thr 'Ih u nd - v n _
cs oo~lsrs, n~OO~oh of ~
dah
~eh~of~'w~t~C~h SN»
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MORTG/1CEE unto the MORTC,A~OR. ss rrid~~ad b'f? a o~rtsin prom~ssory
and fi=ures is a hw ooOY. to-wir
s~.3. _?9Q,.94 ~ , ~9,'3$
Y~o 8~ach. Flori~ .j-V~ 14~--_.._._.___... . 19 64.
.
For vslue reoeired 1 or vw jolntly or sfverally promiss to WY to FIRST FEDER/11. 5/1VING5 ANO L0/1N ASSOCIATION OF INDIMI
R~vElt coelNr~r, tt,. wm cf s_ 53,~ 700. 00 .t ns off~o. un v«o e..a~ Florid., wnfi ~~te~t ~t tr,. n~t. of 6 .
' pK cant pa snrwr~t~. In tM tollowi~ nwr~a:
385:.~~ _ upon ths ftac ot ~ach .nd .v.e~? moe+th hsr.,fter unn~ th. ful~ prinNw~ wm. with Int~st, ha be«+ p.id; sNa
~ mp+thly l~Yments shill be aPPUed first fo th~ paynMnt of Mte~est on tM unpsid balanos. and then to th~ p~ynwnt of princiWl.
' TNs note is i~a~iabk and if dehuk la payn?M+t oocws. may M P~ w^~ ~ atton~y at law far aolNcNon, in whkh
e~t 1 or v~ a~ros to pay ths aosts of oollectio~. inckidi~ • rossonsbk attorrny's h+. a~d each of us. whetMr mak~r. tu~rantor or endoraer.
herob~? saveaily vwives d~mared. noNoe of ~on-wvmeet ~e+d o~est of this not~.
- ,t : , : 1s1Harold S. Williams,_ SY. ~~~„q ~
,'.i /s/ Ada C. _Williams ~,,o
~ In th~ w~nt a~r psymant b not mad~ Prior to tM 20th dy of tht nionth wF~en dw. tha~ thls note dall bWr Int~nst at tht rab of ~
. a.4 ~i fro~m tM dab any such payme~t b~cam~ dw and 1MaK~aut tM Pe~ of suth ds~ir+O~+~Y• r
san shn+vs wte .~d anoellsd o~ «+eto.~ of ifia ~,a. in th. .~na.?t of s 80. 55
' NOW. THEREFORE. tM MORTWOOR M? ths purpos~ of s~wrin~ tM P~Y~nent of th~ s~id wm of i--~.Z~L.QQ,_ and th~
pKforn~~u of ths oavaw+b and s~ts herN~aftK t~d. and ior div~s I~ood and vslwbk ao~sid~rations. bf? th~s~ P~'~+ts. does _
~nnt. bs?isin. sell~ rantse. rokas~. oon~?a~? and aonRnn unro N+s MORTG/1GEE its suooessors s~d ss:tMs. ali that o~.in lor~ pleo~ or parosi of
land. dtwb~ I~rk+~ and bNe~ in th~ Couny of ___~~.._l-+4~C~~'r_.______._._..__~_ and Sts» of FIorW~. dauib~d as iolbws: ~s<
a
0
: The North half of Lot 3, of the plat of the Subdivision
~~e;~~+~r~ n of Government Lot 3, in Section 26, Township 35 South,• ~
s, ~ o ~ ~
r° y•,~ ~ Range 40 East, as per plat of the~ property'of ~ Mosea~ D. ~
~ ay ~`~~~s'~°js~~~~s Einsel on file in Plat Book 1, on page 195, of the
'1~, o~Q'~~~~~ y P.ublic Records of St. Lucie County, Florida, EXCEPTING
~r THEREFROM the righ,ts-of-way of the Florida East Coaet
~J~yf s°~;c way and all rights-of-way for public roads.
' ~ `tl ~ AIj r - . , . .
l~'~ . .
.t; ~
, o~~ry . . ~ - .
~ . , ~ - - . ~
. s
sl~ ~isw~s. proceeds and Proffts +a~n~~ frorn
dd~pranises.
a~ll ~
wl~ich a~ Inck~d~d~th~
a~b
wa sr~d fa'eL'an~ d~-
scription and hsbardi~n. .
TO HAVE MID TO HOLD th~ abaw daaibeQ and psnt~d pron~isas u~to th~ ~W MORTG~GEE. tts wooss~as and ss~ip~s fa+~er.
Md ths said MORrG~AGOa fortheir E„~~ .xea~t«s. .dmi~stntors.na ass~~s. Mrob!? ooyannn witfi th. saw MORTGA~eEE~ Its suooss-
. .:ors .rKi .ssi~r~s, th.r______~y~re lawru~y siez~d of ehs saw p.em~s.s tn fee simpls: eh~t eh. ssms are. fn.. e~w. and dIs-
. r~ ~u ~r«~ ~,a ~w « u~ .a+~~?. ~a twr ~eY.~- ~~i ~,a. their ~n ~.u ~...~+t ~+a
defend ths titk to the ssrns to ths saW MORTCA~CEE, its suoassors and sssi8ns. forewr +~sinst ths Is~wtul daims and demar~ds of sli Pe?sons:
` PROVIDED. ALWAYS that If the MORTGACAR shall p~y unto the MORTC~AGEE th~ panlssorY no~ h~sreir~baioro desaibed? and
~ st+.u m,y. aa~b s~d ~uih ~~o~+. d+sct~~~.. e~oea,a. oomv~e+e. co~n~h ~ swd. by ~d ew~y ths sna~+4~or~s. ~~es~n.
r conditions and oaMernnts of uW pro~ntssory note snd of this Mort~sge. tt+en this Mort~s~e and ths Estats hereb~? ueated sh~tl eease snd bs
null and votrl
IT 1S U~/OERSTOOD tF?at th~ word "Mort~a~a" v~rl~ether k~ tfie stn8ular or phual snywhere in this Mortss~e. sh~il be sir~ular if orn
~ ; ony and shall be plural jointy and sevenl~y if nwro thsn one. and thst ths vwrd "Their" ss ~~sed anywl+ere in this Mortgage shall bs tsken
' to mesri ~•Ns~~• ••her•• or •~its." wherever tf~e cantext so implies or sdmits. /1bo. thst wherewr there is a referena in ths ao~reoants and
~ sgrsanents heretn oontained to sny of the parties hereto. tfie sams sha 11 be corutnud b mesn as w~ell ss tfie hNrs. {e~si represa~htives„ wc-
} ossso~s and assigns (either voluntary by act of the puties or inwlunts ry~r operatian of the law) of the sams and thst the ooverw~ts herein
oonhined shall bind snd th~ b~rwfjts and adv~nta~es inu?e to the respectivs heirs, legal representaNves. wooessors and assi~ns of ihs
~ ps~ti~s hereto.
F ' Md said Mortpsas. for tMnwives and thdr Mks, le~sl rapresantatives, wooeuors snd sssi~pns, herebY lointly and sevaally ooverant
and a~ree w snd with ths sstd MORTG/~CEE, in s~,ooasors and assi~ns:
1. To pay all and sin~ular the prb+dWl snd interost and tha varian snd sundrY sixns of ma~tf? D~Y~bk b'f~ drtw of ssid prondsaor~?
nob, and this mort~a~. esch snd avery P~ar+Pt~Y on tht d~ys respectivaly the ssms ss~reralhr b~oorrr dw.
2 To psy ali and sin~uisr th~ tsx~s. axt~nts. Mvies. Ilabiiities, obN~stiaa ard lnam~branat of rwry ~rtuh and klnd now on
raW described property. or that he.eafter ensy ti~ i~nposed. wffered. 0 boed. ~wied. er s~sed tl~eon w tMt heroaft~ msy bs Isvied or
assessed upon this Mortsap. or tM Indebtedr~ess aa~red Mraby. each ~r?d every. wF»n due and psy~bM aooordin6 to Isw. befon tf~ey bs-
oorr» delinquent, uid beton any Mtsrat attachs: ora~? p~nslty is incwred; snd insofsr ss a~r M~sraof b of reoord the ss~rw sFnli bs P~~P~h
` ssHstied ard dischsr`ed of reoord and th~ ort~ind offitisl doarnent twch as. for tnstanoe, th~ wc rooeipt o~ ths sstisfattion pspe~ oMkialN
~ endo~scd or cartiHe~ shatl b~ p4od M th~ hands of saW MORTC/1t•EE witF~in ten d~ys ~ext after payinant; and in ths evant tMt sry tMr~of
~ [s not paid. satisfied and dlsehsned. sdd MORTC~EE ~nsY st ury Hnns psy tht ssme orsny p~rt thereof without waivins or affecHe+s x+Y
option. Iten. pu1tY. or ~i~ht vder or by vtrtw of tNs Morti,s~e. ~nd tt» full amaint of esch ard ever~ wch prYmant shsll bs imnedistely
dus snd psyabb and sFyll beu inter~st from th~ dat~ tFwnof until p~id st tht nte of six]~lir7fjH~E p~r uniun per anw~n +nd to~tF~
with wch intuest sFrll b~ s~w~d by th~ tien of tNs nartpp. ~
3. To pl~n and oontinuoushr kMP an th~ buildin~s now or hensfter sitw»d on said iand and an dl ~w +nd Pa~so~~h?
u~d bY this mortBa~e. with all premlurns t1»non Wid tn full. fIn loswance in the wwl stand~a~r~d~~oIicy iam. in a surn +PP~'oved b'Y fl»
€ uMORTGl1~GEE, anA tornsdo 4qunnp !n th~ u~wl shndsrd Po1kY io+m.in a wm app~owd b'Y ths M~RTGAGEE. h wd~ oomp~ey or oomp~nias
? as th~ MORTG/1CEf m~y dlnct; and all Hn snd tansdo ir~swanoe Pdides an arrY of ssid buiidir~s, sn~r M~tK~st ttNrek~ or psrt M+~neof. M Mr
aKr~ate sun aforessid or h~xuss tf~eof. shsfl oontain the uwsl standsrd mortgs~ cla~~ ac wch oth~r daus~ st ths Morttape msf?
r nq~in. makirK the lost u+dsr ssid polkies. esth and~v~ry. payabb to said MORTC.A~('•EE as Ms {ntaest nnY ~PP~. and Ndt and ~vary
sucF+ PofkY shall b~ p~anptlp asi~rwd ard dsNvand fo and iwld b~? tsld MORTGII~CEE as furtl~ s~ourit~? to ssid ~ debt. end. rwt
~ ~ le~ than ten (1~ days h advana of tMN exptrstia~n of ~ad+ polky. w deliv~a to s~id MOR~CI~GEE • ranew~l tFw~af. w~ethK wleh a r+~oNpt
; ~ ta th~ premium of wch r~wsl; and tFrr~ shsll bt n~ Hn o? I~o~rado h~ausna P~sced on any of saW buiifiu~s. a~r tntarest tF~dn e~
~ ~ p~rt thereof. unless in th~ fonn and with tM los: p~yabM as aforesaid: and in tht ~wM ~n~? ~n of ~naM? b~oonws p„?ablt urdx wKh
~ ~oee--~st-tM-to-ss~t • 0. R:
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