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• TH15 INl~ENTURE, Made the l~~l- Wy of-,--.----•----AU~USt_. _ . ./1. D. 19 65., b~tws~r+
,_jOHN_ M. McGARTY_ ~nd .LOUISE .F.__ McCARTY~ his wife .
. . -
of St.. _Lucie _~,ti~ p~~, ~nirvftsr desi~nated st the "MORTGI~GOR," and FIRST FEDERAL S/IYiFKS MI~
LOAN ~ISSOCtNTfON OF INDIAN RIVER COUNTY, a torpontion or~ani:ed and existin~ under the laws of the United Ststes of Ameriu
and having its prinCipal pt~ce of busineu in H+e Ciry of Vero Be~th, Indian River County, Florids, herairwfte~ desi~nsttd ss t1x "MORTGAGEE"
Ei ht Thousand, Nine Hundred
the MORTCd1GOR is just i tha MORTGhGE@ in the wm of _
a..nd__t~4 (S ~s Dollars, gc~od and lawful money of tha United States advannd by the
MORTG/1 EE unto tht MORTC.l1('AR, as ~evidrntsd by a certsin promissory note of even date herewith, of whith tha folls~winQ in wo?tb
and fi~ures is s true topy, to-wit:
S 8, 900. 00 - ~-~~.1
- No.
Vetv Beath, Flarid~. . - ~ - 6rJ
Au st 17 _ _ ~9 -
~or value received I or w~e jointly a severally promise to pay to FIRST FEDER/1L SJIVINCS MID LO/1N /h$50CIATION OF INDI/1N
RIVER COUNTY, the sum of g~._ at its affise in Vero Beach, F{orida, with interest at the rate of.__.~7,
0.- .
per ctnt per annum, in Yhe fotlowin~ manner.
S 8~' _ upon the first of each and evary mc~nth hereaher until the full principal sum, witfi tntercst, F?is been p~id; said
monThly payments shall be applied first to the payment of interest on the unpaid balance, anc~ then to the payment of printipai.
This note is negotiabie and if default in paymenf accurs, may be placed i~ the hands ot an attomey at law for coltection, in wWich
event 1 or we agree to pay the costs of collrction, including a reasonable attemey's fee, and each of us, whether maker, guaranror or endorser,
hereby severally wa+ves demand, notice of non-pavment :nd prctest of this nate.
~s/,John.M. _,McCaxt~ . _ _ . . cse,~
- - -
1s/Louise__F. _ McCarty_-----_- - -_...__cs~n
In the event any payment is not made prior ro the 20th day of the month whcn due, then this note shall bear Inter~st at tF?e rate of
6.4 q(~ fmm the date any suth payment became due and throughoui the period of such deli~quency.
5t~te stamps paid snd cancellyd on original of tfiis note in the amount of s~2.•,35_ .
NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the sa+d wm of s.$.~ 9~• ~
snd the
performance of the covenants and agreements hereinafter expressed, a~,d for divers gaod and valuable considerations, by lhese presents, does
grant, :.argain, sell, rertiise, reltase, co~vey and confirtn unto the MQRTGAGEE its successors and auigns, all that certsin lot, piece or partel of
land, situate, lying and being in Hx County of _ st. I~L'Cie and Stat~ of Florida, described as follows:
The SE 1/4 of the SE 1/4 of the SE 1/4 of Section 11, Township 37 South,
Range 38 East, containing 10 acres, more or less,
`I'OGETHER WITH:
An Easement for ingress and egress and road right of way, over and across
- the East 1/2 of Section 11, Township 37 South, Range 3$ East, which said easement
, runs from the easterly right of way line of the Florida East Coast Railway
in a southeasterly direction to the SE 1/4 of the SE 1/4 of the SE 1/4 of
~ Section 11, Townshfp 37, Range 38 East, along the course of a presently
existing road located in the said Section 11, Township 37 South, Range
,38 East, St. Lucie County, Florida,
together with al~ and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining thereto, and
all rents, issues, proceeds and profits accru+ng and to accrue from said premises, al! of which are inc(uded in the above and foregotng de-
scription and habendum.
TO HAVE AND TO HQLD the above described and granted premises unto the said MORTGAGEE, its successors and auigns forever.
And the said MORTGACAR tor ~l~-'l~__hein, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, its succes-
sors and assigns, that _~le~+__aIe ~awfulty siezed of the said premises in fee simple; ihat the same are fres, clear and dls-
charged fram all liens and sncumbrances in law or in equity, and that. ~1~~(__ wi(I and __.~l.f'l,r heirs shaH warrant and
defend ihe title to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful daims and den~ands of all persons;
PROVIDED, ALWAYS thah if the MORTGACAR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and
shaf! truly, promptly and fully perform, discharge, execute, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall teas~ and be
null and vaic~
IT IS U~1bERSTdOD that the word "Mor.gagor" whether in tFe singutar or plurat anywhere in this Mortgage, shall be singular if one
only and shall be plural joinrly and severaily it more than one, and that the word "Their" as used anywhere in this Mortgage shall be taken
to mean "his," "her," or "its," wherever the con~ext so implias or admits. Also, that wherever there is a referente in the covena~ts and
agreements here~n tontained to any of the parties hereto, the same sha II be tonstrued to mean as well as the heirs, legal representatives, sue-
cessors and assigns (~itfier voluntary by act of the parties or invotun;ary by operation of the law) of the same and that the covenants herein
ccntained sha!I bind and the benefits and advantages inure to the respective heirs, tegaf representatives, successors and assigns of ihe
partie5 hereto.
And said Martgagors, fur themselvrs and their heirs, legal representatives, suctessors and assigns, hereby jointly and sevsrally covenant
and agree to and wiih the said MORTGAGEE, its successors and assigns:
1. Ta pay all and singular the principal and interest and the various and sundry sums of money payable by virtue o~ said promissory
note, and this mortgage, each and eyery prompt{y o~ the days respectively the same severally betome due.
' 2. To pay all ana singutar the taxes, assessments, levies, liabifities, obiigations and incumbrances of every nature and kind now on
said destribed property, or that hereafter rnay be imposed, wffered, piaced, levied, or assessed thereon or that hereafter may be levied or
assrued upnn this Mortgaga, or the indebted~ess setured hereby, each and every, when due and payable according to law, bef~re they be-
come delinquent, and before any intertst sttathes or any penalty is incurred; and insofar as any the.eof ;s of record the same shall be promptly
satisfied and discharged of record and the original official document (suth as, for instance, ihe tax receipt or the satisfaction paper officially
endorsed or certified) shall be placed in the hands of ssid MORTGAGEE within ten days next after payment; and in the event that any thereof
is rrot paid, satisfied and distharged, said MORTGAGEE may at any Pime pay the same or any part thereof without waiving or affecting any
option, lien, equity, ar right under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately
due and payab(e and sha(I bear interest from the date thereof until paid at ~he rate ofi six a~ per tentum per annum and together
with sUCh interest shall be secured by the lien of this martgaga
3. 7o plate and Continuously keep on the buildings raw cr hereafter situated or~ said land and an all equipment and personalty cov-
ered by this mortgage, with sll premiums thereon paid in fuN, tire insurartee in the usual standa~d policy iorm, in a sum approved by the
MARTGAGEE, and tornado inwrance in the uswl stse~dsrd policy form,in a sum approved by the MORTGAGEE, in wch company or companies
as the l~IORTGAGEE may direct; snd all fire and tarnadu ir~rance policies on any of said buitdings, any interest therein or part ihereof, in the
aggregate sum afaresaid or 'rn excess the~~f, sha!! ta?tsin the usual standard mortgagee clause or such other clause as the Mortgagee may
~equirc, makir.g the loss under ss+d polaties, each and svsry, paysble to said Mt7RTGAGEE as its interest may appear, and each and e.wery
such policy shall be promptly suigned and detivered to snd heid by said MQRYGAGE~ as further security ta said mortgage debt, and, not
less than ten t i 0) days in sdvancs of the expiration of eath poltcy, to deliver to said MORTGAGEE a renewal thereof, together with a rere+pt
for t}~e premium of such rer~ewa~; and ttwsrc shall be no fir~e cx tomado insurance placed on any of said buifdings, any interest therein or
part thereot, unless in the horm and w;th the loss payable as aforesa+d; a~d in fhe event any sum of morwy b~comes payab!e undor such
FFIRC-251-1M-10.G3-M sal~1~ .L~,~I~