HomeMy WebLinkAbout2742 . . 3. •
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No..-_~
~s~!~_ VERO BEACH, FLORIDA, _ ~ , 19
For ~alue r~ceived, undersi~ned jointly and sererally promis~ to pay in law•ful money of the United Statea of America
'rHE INDiAI`T RIVI+:R CITRUS ~3ANK
or order, at its otfice in Yero lieach, Florida,
the aum of OLLAIt3
in inatallmenta aa foliuwa: bionthly payment (a and . paymenta _
com~nencinR ~ -
with Intereyt ~fter maturit~ at tlee nq ot t~a pee tent ptr annum until pwid. la cw t!w wid in~allmenu, or an~ o! tbem, ar~ not pa~i wMw dw.
th~ wAole ot uid ~um then etmatnin= unpaid ~ha11 twthwith bsoaa~e duc snd pa7~hla ~t tb~ optbn ot tl~ lalder oi thfa nab. AAd K b~irssd !7
•!1 panies Ii~Dle h~rator or hereon that ~bould tsu note 6e oollett~d L7 lapi D+a~ or 61 ~ttorne7. W P~~ ~11 easta ot tS~ ~ame r1d a»YOY~M~ 1p
ne~•r tee. Thc 6ank ~t ~hlela tAis nota ir Wab~e is her~b~ autborifrd w apDb ~ o~ dter auturit~, to the pr7mrnt ot thi~ ~M~ . FT~
~a~d b~nk bebnYine W the m~lcer, ~ut~, ~ndorte~. Narantor or an~ oae ol tsam. And earA o[ u~, ahether mak~r, ntrKT,
henb~ ~everallr wai~s~ all rishL ot ~omeats~d eumptioo, and ot pre~sntnxnt and demand for paywent. protNt. notia~ al ~ ~
di~ho~or, ~nd con~ena that tAi~ not~, or aa~ part 6enoL ma7 b~ ertended without turther notiR. J i J
Address:-- ~i+ _~i - • ~=-;,~Y=-=~g~'j;f, _
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CHATTFI. ?170RT(~AG~F _ '
nstructi n - '
KNOw ALL YF.ZY BY THESE PRRSY•N'TS. Thac -~-~i_~.a--Sr-d 5~.--5~1- , -
of ~hc Cic~ ot _ ~t. pi@rGQa-= and Coant> ot ~ Y+UC~t' ~ei[;8,t/~M ~if a~I~o~iisl`.•`
hereinafter co~kd Borrower, for securinp fhe poy ment of money hereinafter mentioned ond in Eurther tonsiderotion of the wm of T~n 001i~~1E1~0.~10) ~
and other valuoble cons~dtrot~ons duN Deid by TME ~NDI/?N RIVER CITRIlS 6ANK, o FlwEdo Banlcinq Gorpo~etion. Danic~led in Vao 8~ach, Ind~o+
River Cour~ty, florida, hereinofte~ wtkd Bonk, at ot before ihe en~eolinp ond delivay of fh~se presents .he receipt whereof ia 1+erabr ocknowk~ed, _
has 9ranred. borypined, sold, ond by tMse ptes~nts does yront, barpo in, s~Cll ond convey unto the said ~ank, its wctessors and ostiq~ t1+t ft~,~irq
described property, of which he is fhe lawful owner ond in unqual~fied possessSon in tha obove county and state: ~ ~1
one used Caterpillar motor graded ~todel 12 Serial $T-20662 cn c: r
one Bucyrus Erie Dragline Model ISB Seri.al 117546 ~ m ~ rn
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wiCh 1- 3J4 yd Hendrix bucket 5erial 2257Q -r~ c-~: • ~ D
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TOGETHER with all p~rts, e4uipment and scceuories now or Fxn~ft~r atticMd to w conr~actsd with t~id prop~tty. ~ ~ O C7
70 HAVE AND TO HOLD ~11 and sin~ular ihe uid personal properiy abow b~r{~in~d and sold, or infrr~dtd w to bro, unto tF+~ said Bmk, ifs wtteaon ~nd ~
assiQrn lorever.
And the s~id Bwrowec covenanfa with said Bank, its succeasors and aui~ro, thet said p~nonal p~o~+trty is frw from all erxumbranc~s. liens +nd ad-
verse clsims, that he is t1x owner snd has Qood riaht to ae~l the :ame u afOres~id. and that hs ah~ll and will wxrant ~nd dsfard the same uMO said Bank,
its sutcessors and assigns, against ihe lawful claims of each snd every ptrson, w Wrswu whOmsoevtr, that he will, durin~ fhe coniinuerxe hereot, ketp itw
mort~+ged prooeAr in `ood condition snd repa~r: tha~ he will plxe. paY fw ud continuouslr kN0 the s~id persona! w~NY +~aesaid insweQ ag~ir+sf loss by
f1re, thett and collision, in the usual standarci policy fwms, in ~ sum of rwt bu than the smount of indebtadness herc~n secured in uxh compsny, w com-
panies, as may be approved by sa~d 8ank, and such polfty, or policies sha~! cont~in fho usual atandxd mortQase ctsuye makir.Q lou under said polity, or
policies, psysble to said 6snk as its interesis may appcu, ued shsll promptly deliver said policy, oe policies, to~athtr with receiptect bill for premium to said
Bsnk.
PROVIDED ALWAYS, ar+d thes~e prtsenfs are uporr 4he exprrss cw~dition that if the said Baruwsr shdl wall aind tr~fy pry unto uid Bank, its successors
a„a ,u;Q~, ,n~ ,rr«~,te af T~n 'Thousand Three Hundred Sixty and 00/100-------------------
Dotlara, rep~eu~ted by w~e ( Worrussory note of even date herewith, executed by Borrower, p~yable in mo~thly installnxnts over a period of
3,(+ months from date, mxk paYaWe to said Bank by ihe Borrower, said rate bein~ the uswl iratallment f«m note in uss by tha
8ank, as v.alt as all eatensions and renewals of said note w notes, in whole or in Dart. snd ~nY note w notes faksn in addition ar arnandment thereto, w in lieu
thereof, whether ~mon like icrms and terwr or otherwise, and also sll experts~s ih~t may or shsll xcrue in the event of the fweclosure of this mortQs~e,
reasonable attorneys' fees and cosYs of court includcd, then these presenis sMsll be void; otherwfse to remain ~n full force and viAUe.
ArYJ tix said Borrower dors covenant and agree to and with ihe said Bank, its wccessas seid ~ssi~rn, that irt cose default shall be made in the pry-
ment of said sum above men!ioned or any instslment thtreof, o+ in the payment of t!x whote ~x any part of the iMerest thereon ~f the times end in the
manner provided in said promiuory note: or in cax the said Borrower shsll rcrtave the said soods, chattela s~d penonsl property or +nY of thrm without
written pe~mission of saiG Bank; or permit or suffer any attachment o~ other process to be levied upon ssid property or any part thereof; or permit w wff~r
any juc~Rment to be entered up agsinst him, ttxn the said aggregate sum of money hersin mentiwxd shall become instantly due and Dayabla st the option of
sa:d Bank, and then it shall and mav be lawful fw this mort6agt to be immedi~tely foroclosed fw the whole of said money, intere:t, costs, fees, chx~es tnd
exptnses aforesaid: or it may af its option, and it is hereby empowereA w to co enter uaon the premisrs where ihe aaid rrwrfQaee vehicle or property msy be
and take posseuion tlxreof: s~d remove and sell and dispou of the same at p~•blic or wivata ule without any previous demand of perform~nce or notica to
the bwrcwer o` any such sale whatsoever, not~ce of salE and dema~d of perforn•~nce snd every other notite w demand whatsoever beir.g Fxreby ezprhsly
waived bv said bcrrower and from the praemds of sa~e reta~n all costs and chcraes incurred by i4 in the said takin~ or sale, incluCing reasonabk attorney's
fces incurred: also al! surc~s due from ho¦rower to Bark ~rx1 interest thereon, and any wrplus af wth Woceeds rerruininq sh~ll be paid to the borrower, or
whoeve~ mav tx lawfully enfit~ed to rcceive the same; if ihere be e deficit, rte bonower sarees immediately to pay tha same to Bahk.
That ~n ihe event at the beginning of or at any time pending sny suif ~ppr. this mort8a~e, or to foretlo~e it, or 7o refam it, snd/or to eniorca pay-
ment of a~v claims hereunder, said Bank may spp~y to the Court havinQ Jurisdiction thereof for the appointment of a Receiver, such Courf shall forthwith
appoint a Receiver of said morigaged prope~tY all and sin~ular, without notice, fa the purpose af oreservinQ said property durinQ the pendency of said fae-
c!osure prxeedings, and such aopointment shall be made by such Court as an admitted equity a~d a matter of ebsolute right to aaid Borrower and without
reterence to the said ~puacY or inadequacy of the value of the property rnorfQaged w.the solvencv or insolvency ot said Bwrawer andior the deftndants,
it beinR excressly understood ancl agreed that said vroperty dateriorates through usaRe a„d that the Durpose of tF+e tppo~ntment of such Receiver is to hold
sa~d oroperty intact and save same from dete.ioration du•ing the pro~ress of fwclosure.
7}x Borrower agrees rsot to sell. IoAn, del~ver, vledge, moAgage or otherwix dispose of the above personal property, and a~rees to keea said proverfy
free from ai3 Taxes, liens, rrxumbrances, and aRrees rrot to use the same illeQally, improperly or for hire; or remove same from the County aforessid. or
purchase under tontrKt .etdininR tif:e frcm any third party e~uipment or st-essories to be atTacMd w to be used with said property without the wriYten
c~nsent of ihe 8ank. 11 vio~ation of this clause, or any af ihe foregoin~ provisions herr~ si+all, at the option of the Bank cause the indebtedness her~in
secured fo become immed~a'ely due snd peyable.
It ~s understood and aqreed ihat a~1 remedies allowed the morigagee un3er thr law ard under 4he terms vf thls mwigage are and shall be concu~rent
and cumulaTive and may be exercised ~nd tnlo~ced aJ hereinabore and by law Orovided.
The covenants of this mortgage shall bind ihe berrcwer, his heirs, executors and assiRnx:if rwre than o~e ioin in the execut~on of ih~; inctru-n=nt a:
Borrower, or e~the~ tc bt of the feminine sex, or a curporation, the pronouns and re~stive wurds herein ~sed shall be resd as if v.ritten in ~lural frm ninr. o~
neuter, respsctive~y.
IN 'Pi~ITN~SS WHER~OF, the Borrower ha,a hereuntn set h~s hand and seal, this_ 24 day of___ June
~ J ~~S~C`rIO~~CG.
198~_, at t9~e City of Vero Beach, Cuunty of Indian River, State of Florida, i
. Si~ned, sealed a d de~red 3
~ • ~-{'---(SFAL)
in th~`presenc~f:/ J - .
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~ _ - B - - - - ------~.(SE;L)
/ 'r`~ ys_=~ s._+..... l~'
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STATE OF FLORIDA. ~ ' ~ ,
COUN1`Y OF INUTAN RT~R,:.•`• 1 '
Pet`gonally Sppeetreid~~fe
,at°e +n~. ~ ~ E'- y~` ' ' f' i _-~l
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te me well kno:vn se .t2f~ indi~'i~stl.-:~ ae8tfribed in and who eaecuted the fe'regoing inattument, and acknowledged that ~e-
ezecuted the sume for~tke purpos~ t~reiR ~P~ssed, whereupon it is prayed that the same may be recorded.
' _~r__..z.~s~,
fIv' 'G~IT1dESS WHE~iEOF, I Mav~~heriunto alCized my hand and sesl this_-_.~~ daq of__-
A. D. 9 1 j ~ J'=
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'k T'e.~ Na+l~?tY PubFic. Stats o1 ~'Isrtda at [.srge
r'~~ pp~1~;p~ e'res usust 21, 196g
~~..~1.~ ~iy commiesion ezpirea_._ ~
¦owr~ - 5M-9-M-A ~ ~