HomeMy WebLinkAbout0722 f~~+y t ~ { ~
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THIS INO~NTURE. Ma~dir th~.. Z6~.- D~y of___JU~'~ A. t>. 19 b~tw~n
._.MARY _M.__ NEIL~ _a. Widow _and MARY M. BORCHFRS, a widow
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of._ S!~. .~l~~le....••-- tq,~e~b~ Florld~. h~r~ein~ft~ d~ti~tihtd aa th~ "MORTGACAR,~• and FIRS'f FEDER/ll S/1ViP1G5 11Nf)
LOAN ASSOCI/1TION Of INDIIW RIYER tOUNTY, a corporiHa+ oKani:~d and ~xistin~ under the laws of th~ Unit~d Ststas of M~nica
u~d F+avin~ in princip~l plsca of busirNas in tfit City of V:ro Bt~sch, Indisn River County, Floridi, hKeinaff~tr d~sl~nat~d rts tlwe "MORTGIIGEE'•
wr~+E~~s ~ n~TC~coa + r~oaYC~c~E in of._Six 'Ihousand and No~100
- (s-~ Dolbrs. Qood arxi !swful nx~x~y of Rh~ lMihd 5tat~s advanad by tl+~t
MORTG/~GEE unto tM MORTG/1GOR, as ~vi~rnc~d a artain ~
and it~ures is a trut copy, to-wit; ~ ss°'y ^ote of even date herewith, of whkh tM fotlowir~ in wads
f~. oao. oo Na __~3395
v.~ e..~~,, ~io~~m, ----...Jul,jr_.~6, - - - r9.6S_ _
For vslue received I or we jaintFy or severally promix to pay to FIRST FEDERI~L 511VINC5 AND LOMI /155QC1AT10N OF INDIM!
RIVER COUNTY, the sum of ;6s ~i~ at its offite in Vero Beath, Florida, witi? interast st tM at~ of_.._._.`.'14-_----__
per cent per ar~rwr». in ths fo(lowins mtnrw:
~.El_Q~.QQ_...___. upon the first of each and evary month F~¢rosfter until the fuil principal wm, with interost, has baen p~id; said
monthly paynvsnta shalf be applied first tC the payment of interest on the unpaid ba~ance, snd then b the paymer+t of printipal.
This nota Is ne~otiable and if default in payment occurs, may be placed in the hands of an attorney at law for collection, in which
event 1 or we agroe to pay tF~e costs of collectiar~, including a reasonable attomey's fee, and esch of us, whether maker, ~ssara~;tor or endorser,
herebY sevenNy waives dernand, notiee of rxxrpsvment snd protest of this nota.
f s~Mar3'- M•-- Neil. . - __cse.n
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--ls~!Mary__M. ~Borchers ---_-.-__~_.__~_~s~,n
In the evant sny psyment is rwt made prior ro the 2Qth day ot the month when du~, lhe~ this nots shsl) bsar interost at tfie rah of
8.4 % from the data any suCh payment becsme dua ~nd throu~hart the perlod of suth delinqw~ty.
5bte stamps psed and unCelled on o~iginsl af this note in the amaint of ~~a.~St---.--------------
NOW, THEREF4RE, the MORTGAGOR for the purpose of seturing the payment af the said wm of ~ 6s_QQ~: and the
peeformanca of the Coversants and ag~eements hereinafter expressed, snd for divers goad and valusble ~onsidantfons, by these presents, does
grant, bargain, sell, rrmise, ~elease, convey and ca,f~rm unto the MORTGAGEE its wcteswrs and sui~ns, all th~t oertain bt, piece or parcel of
land, sitwte, lyina snd beMQ i~ the County of ~t. LUCIe S~~ of Flo~ids, de~cribed aa foHovvs:
The North 90 feet of the North IO Acres of Government Lot 2,
in Section 1, Township 36 South, Range 40 East, said land lying
and being ir St. Lucie County, Florida.
, ~ o:~'
tL1 STA~" E~F F L O F2 ![~A RECEIVED ; IN rAYMENT OF TAXE5
C~ r DOCUMENTAp" STAMR TAX DUE ON CLASS'C' INTAKGIBLE PERSONA(. PROPERTT.
1- ~ ow • ~ PURSUANT TO CHAPTEft ::@7Zd, l•.CT~ CF 1941,
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_ R~-5~~i - ROG R POITRaS, Cferk Circuit C~:;~;
C~ ~ 9 O t fcr CIJ~:T15 M. JAr',~5
~ ~ '~„Y OS ~'.~Qfl
V COMPTROLLER ~ ~~~;e u~1ty Tax Coll Or
P~.190138 .`,t.
~y o~urr ct.~
together with sll and singular the tenements, hereditaments and appurtenantts thereunto belonging or in artywise appertaining thertto, and
a!1 rents, issues, proceeds and profits accruing and to aCCrue from said premises, all of which are included in the abova and fora~{oing tk-
scripti0n and habendum.
TO HAVE AtVD TO HOLD the above described ared granted premises unto ~he said MOR'fGAGEE, its successors and sssigns forever.
And the said MORTGAGOR for_~elr_heirs, executors, administrators and assigns, hereby covenants with the said MOR7GAGEE, its succes-
sors and assigns. that -----y----
~le a~e lawfully siezed of the said premises in fee simple; that the sartse are free, clesr and dls-
charged from all liens end encumbrances in law or in equity, and that _...~e~ will e~ _.__.~?eir__ shall warrant and
defend the title to the same to the said MOR7GAGEE, its successors and auigns, forever against the Iawful claims and demands of aN persons;
PROVtDED, ALWAYS that if [he MORTC,/1GOR shall Ray unio the MORTCAGEE the promissory note hereinbefore described, and
shall truly, promptty and Fully perform, distharge, execute, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenanti of said promissary nate and of this Mortgage, then this Mprtgage and the Estate hereby created shadf cease and be
null artd vniA
17 IS U?JDERSTOOD that the word "Mort a or" whether in the stn ular or lural an ~
6 B B p ywhere in this Mortgage, shall be singular if one a
oniy and sha11 be plural jointly and severally if more than one, and that the word "Their" as use~ anywhere in thrs Mortgage sha!! be taken '
to mean "his," "her," or "its," wherever the context so implies or admits. Also, that wherever there is a r~ference in the c~venants and
agreemenTs herein contained to any of the parties hereto, the same s6wll be construed to mean as weli as the heirs, legal representatives, sut-
cessors and assigns (cither voluntary by act of the parties or involuntary by operation of the law) of the same and that the tovenants 1?erein
contained shall bind and the benefits and advar?tages inure to the respective heirs, tegal representatives, sutcessors and assigns of the
parties hereto.
And said Mortgagors, for themsefves and their he+rs, lega! represenfafives, suctessors and assigns, hereby jointly and severally covenant
and agree to and with the said MORTGAGEE, its successors and assigns:
1. To pay all and singular the principa( and ir.terest and the various and sundry wms of money payable by virtue of said promissory
»ote, and this mortgags, each and every promptly on the days respectively the same severally becom~e dua,
2. l'o pay all and singular th~ tsxes, assessments, lavies, Ilabilities, ob{igations a~d incumbrsnces of ~wery nature and kirrd now on
said described property, or tfi~t F~ereafter may be imposed, wffered, pfxed, ievied, or assessed thereon or that hereatter may be levied or
assessed upan this Martgage, or the indebtedness secured hereby, each and every, when due and payable attording to law, before they be-
come delinquent, and before any intarest +ott~?thes w any penslty is incurred; and insofar as any thereof is of record the same shail be prornptiy
satistied and d'rscharged of record and the origlna! oificiat dotumeni (se~ch as, for instance, the tax receipt or the satisfaction paper offitially
endorsed or certified) shall be placed in tfia hands of ssid MORTGAGEE within ten days neut after payment; and in the event that any thereaf
is not paid, satisfied snd dlschar~e~d, ta(d MORYGAGEE may at any time pay tfx same or srsy part thereof withocet waiving or attect7ng any
option, lien, cyvity, or right unckr or by virtue ot this MortQs~e, and the full amount of each and eve such payment shall be immedistcly
due and payable and shall bear interest from the date thereof until paic~ at tne rate of six aji33[i~ r' r centum per annum a~d together
with wch interest shaH be setured by Lhe lien of this mortp`e.
3. To place and continuously keep on the buildin~s now or hereafter situated on said land and on atl equipment and perso?wlry cov-
ered by this mortgage, with slt premiums thereon paid in full, firc insuronte in the usual standard policy form, fn a sum approved by the
MORTGAGEE, and tornado Irtsura+xe in tht usw! stsnds?d pollcy form, in a wm approved by the MOR7GACEE, in wch company or tompanies
as the MORTGAGEE may direct; sr+d oll fln and rornsdo Iresurance policies on sny of said buil~dings, any interest therein or part thereof, in the
sggregate sum aforesaid or in e~ccess tF?ereof, shail contain th~ usual star~dard mortg»gee clause or such other clause as the Mortgagee may
requin, making the lass und~~ s~id polities, each snd evrry, payable to said MORTG/1GEE as its interest may appear, snd each •nd avery
wch policy shall be prompty sss;aned and delivered to and hsld by said MORTGAGEE as further security to said mortgage debt, snd, nat
tess than ten ( i 0) days in advante of the expiratio~ of asch poJicy, ro deliver to ssid MORTGiRGEE a renewsl theraof, togeti?er witfi a receipt
for the premiurn of suth renewal; snd ti?ere shsll b~ no fire or tomado insurante placed on any of ssid buildings, any interest therein or
part thereof, unless in the form and with the loss payabte as aforesaid; and in the event any sum of matay be~es payable under iuth
FFIRC-251-1M-10-6.3-M 6U~~
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