HomeMy WebLinkAbout1480 i
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i__~a~.~~~~___ VERO B~ACH. FLORIDA, ,~il~w~..~.~ l9_~...
For ~alur mceived, undersigned jointly and severally promiae to pay in laM•ful money of the United States of Amsrica to
'1`HE INIJIAIIT RIVFR CiTIt1JS BANK
or order, at its oQice in Vero Beach, Florida,
the sum of ar ~ ~ ~i~t~ =""M~~"'~~."«""".~"~"""~N~~Z10LI.ARS
in installments as followa; Monthly payment <d, ~~a~~-J and paymenta = _ _
commencin~ O~t~~t 1~. I~_.._.--- - -
w~ith Intercat ~tter maturity ~t the rat~ oL 4a per cent per aaaum until paid. In ca~s rl~s y,d lnsta0meata, or •ny ot them, acr aot p~! w6sn itw.
th~ whole ot ufd sum t!?en remtininQ unpaid ~l+all toi~thwith beeaa~e due aod payable at tM optfon oi the holdee of t6b aob. And it ts ast'+ed E7
a11 partiea Ii~Dle herefor or beeeoa thac sAoutd thi~ note br aolleeted b~ lesal prr?osu or 67r attorne~, w pa~ all ca~tr ot the ~me ~nd a re~wnaDh auor-
~ey'r fee. T6e bank ~t whieh thf~ note i~ pa~~ble i~ hereb~ ~uthoric~d W~DD~7 on or ~f4r matueit~, to ths pa~ment of tiis debt an~ tueds 3a
~aid bank beton~in¢ to t6e maker, ~uret7. endorxr, auanntor or ~nr oae of them. And cuh of ua. ~rhether anaksr, wreqr, :wtanWr or ~odotwr,
hercbr severally ari~re~ ~11 ri~hL ot lwmeste~d ezemption, and ot pre~entment and drmand far paresent, protest, icN ot ptotest and moUce ol
dishonor, Rnd rnnsenU !h+?t tDls not~, o~ an~ Dut hereof. ma~ De extended without her notice. ~ /
L~i'Ls W~'/ ~
Address:_--- - ------(SEAW
tt• i~+w. T ~c'iit _ ~
- - 1C - t C ~ - - 1SF,'AL)
UHA7`TFI. '~~t~IiTC AGF
Earnest 0. & Annie_E. Rowe
KNOw ALL MEN BY THFSE PR~SENTS, Tha; - -
oC the Cit7 0[ Ft • Piarce , and Cornt~ ot SC' L'uCiC and Stata of Florida,
herei~after called Sorrower, fw securinp the poyment of money hereinafter mentioned ond in turther consideration of the wm of Ten Dollors (f10.00}
, and other vuluoble consideratio~s duly poid by THE INDIAN RIVER CiTRUS BANK, o Florido Bonkinq Corporation, Domicil,d in Vero Beoch, tndion
River Gounty, Ftorido, hereinoftrr called 8onk, af or betore the ensealinp and delivtry of these preunts the rece~pt whereof is hercby acknowkdped,
hos 9ronted, baryoined, 3old, o~d by these prexnts does grent, bo~qoin, yell oruf convey unto the said ~ank, its sutteuors and ossiqns, the followinq
dcscrrbed properiy, ot whlch he is the lowful owner ond in unqualified possession in ihe obove counry and stofr.
'S7 ChevroZet, V/$, 2 ton Cattle Truck, Serial V6B57S119537
'61 Major Ferguson (Ford) Tractor, Model FMD, Serial 1362635
` '60 Viking 16' Boat, Seria~. 115A
'S7 Mercury 40 H.P. Motor, Serial $75016
G~tor Trai~er 3__ ~tace ~'uc~:,~,~•:;~a,~} ~i ,ct~
~ Jfu~d t~ ~ri~d aad cancelkd
70GETNER with ell varte, equipmer.t ar.d accessories now or hereett~r ~ttxMd to or eonn~cted with s~id propevty.
70 HAVf AND TO HOLD ili snd aingular ihe said perwnal prepxrty abovt b~rgairwd and sold, or i~t~nded so to bs, unto th~ s~id Bank, its succeuon ~nd
sssi~ns forever,
Arrd the ssid Borrowar covenants with ssid Bank, ifs succhsora a~+d aaai~ns, th~t said personal prvp~rty i: frae irom ~II encumbrancea, lieru and aG-
verse clsims, lhat hs is the owner and has ~ood right to sell the samo ~s aforaaid, and that he shalf ~nd wifl wsrrant snd dafend the same unto said Bank,
its successors and assigns, ag~inst Yhe lawfu~ claims of each and every person, w psrsoro whomsoever, th~t he will, durin¢ the corNinuance hereof, keep thc,
mortgaQed property in good cond'+tion and repa~r, thar he will ptace, pay for and coniinuously keep tFx t~id perso^sl property aforastid insured sgairnt loss by
fire, iheff and collision, in the usual stendard policy forms, in a sum of not less than iha ~mount of indebtrdness herein secured in such company, or com-
panies, as may be approved by said Bsnk, ancl such po~icy, or policies shait confain the usual tfandxd mori~aQe clause makir,a loss undcr s~id policy, w '
policies, Daynble to srid Bank as its interesfs may appear, and shall promptly deliver ssid policy, w policies, to~ether with re<eiqted bill for premium to s~id
Bank.
PROVIDED ALWAYS, and these presents are upon the express condition that if the sa~d 8orrower shall well and truly pay unto said Ba~k, its wccrssors
and a:si~ns, the aQaregate aum of Thousand One HLndred ~ixteen and NO/100~~---~"-~--~-^-------~~---
Oollart, represented by one (1) promissory note of even date hercwith, executed by Berrower, DaYable in monthiy installments over s period of ~
18 months from date, made payable to said Bank by the Borrower, said ~ote bein~ the usual instdtment form note in use by the
Bsnk, as well as al~ e~tensions and rerxwals of said note or rwtes, in whcle o~ in D~rt, and any rqte or nptes taken in sddition or amendrntnt thereto, or in lieu
ihereof, whether upon like terms and tenor or otherwiu, and atso a(i expersses that may w shalt accrue in the eve~ of the toieclosure ot this mort~a~e,
reasonable attorneys' fees and costs of court included, then these prrsents :halt be void; otherwise to remain in full foree snd vir4ue. •
And the said Borrawer does covenant and agree to and with the said Bank, its successors and nsigns, that in case default shall be made in the psy-
menf of said sum abov~ mentioned or ~ny instalment thareof, or in the payment of tfie whple nr sny part ot the intertst thereon at the times rnd in the
manner v~ovided in said vromissory note: or in case the said Borrower shalt remove ihe said goods, chatlNs and persansl propeMy a any af them without
written permi:sion of saiG Bank: or permit or suffer any attxhment w o!her prxess to be levied upo~ said property or any part thereof; or permit or wff~r
arty judgment to be entered up against him, then the said aggregate sum of money heroin mentioned shsll betome instsntly due and payeble aT the option of
said Bank, and then it shall and may be lawful for this mortQage to be immediately foreclosed for ihe whole of said money, interest, cosTs, fees, charQes and
expenses aforesa(d; or it may ai its ootion, and it is hereby empowered so !o [o enter upon ttx premises where the said mort~age vehicle or prpp~rty may be
and take possession thereof: and remove and sell and dispose of the sam~e at qcblic or privsle sale without any prnvious demand uf performarxe or rqtke to
rhs borrower ofi any such sale whafsoever, notice of sale and demand of perForn•ance snd every otFxr notite or demand whatsoever bNing hereby expressly
waived bv said borrower and from the praeeds of sa~e reta~n afl costs and chrrQes incurred by it in the said taking w sale, including reasonabte attorney's
fees incurred: also a!I surr~s due trom L+orrower to Bark ~rx1 interest thereon, and any surDlus of such prxeeds remaining shall be paid to the borrower, or
whcever mav be lawfully enti4led to receive the same; if ihere be a deficit, rhe borrower agrees immediately ~o pay the ssme to 8ank.
7hat in the event at the beginning ot or af any time pending any suit ~n this mortgage, or to foreclase it, or to refwm it, andior to enforce pay-
ment ot any claims hereunder, said B~nk may avP~v to the Court having Jurisdiction thereof for ihe appoiniment of a Receivee, such CouR shal~ forthwith
appo+nt a Receiver of said ma~tgnged property all and singular, wiThout ~otite, for the p~rppse uf preserving said property during ifie penderxy of said tore-
closure proceedings, and such appointment shall be made by such Court as an admitted equity and a matter oi absolute iight to said Borrowei and wifhout
reference to the said adequacy or inadeQuacy of the value of the property morfQaQed o~.the solvency or insolvency of said Borrower andlor the defendants. ~
it being expressly understood and agreed tfiar sa~d orot~erty deteriorates ihrouph usaRe and that the purpose ot the appo:ntment of such keceiver is to hotd
sa;d nroperty intact and save same from deterioration du•inq ihe progress of fordosure.
The Borrower agrees not to sell, ~oan, deliver, pledge, mortgage or otherwise dispose nf fhe above personal property, nnd a~rees to keep seid property t ,
free from ell laxes, liens, encumbrances, and aK~e~s not to uze ih~ same illegally, improptily or for hi~e; or remove same from the County aforesiid, or
Rurchase under contracf retaininq title from anj th'vd party equipment or ac.essories fo 6e aitached or to be used with said Droverty withot,it t}te writiM
consent of the Bank. A violat:on of ihis clause, or any of the foregoing provis:ons herein shall, at the option of the Bank cause the indebtednesi ,htreia .
secured to become immed~a~ely due and ~syable.
U~< understood and aRreed iNat all remedies allowed ihe mortgagee un~er ihe law and under the terms of ihis mwtgage are and shall be co
and cumulative and may be exerc~xed and enforced as hereinabove and by law provided.
7he covenanrs ot ih;s mortgage shall bind the berrower, his heirs, executprs and ass~Rns:'rf more than one join in the execut~on of th~; ;n~tru-nent`
Bcrrower, or either te be of the feminine sex, or a corporation, the pronouns Md ~elative words herein used sha;l be raad as if wriften ;n pKiral~ ~ar~:~fin;, a
neuter, respectively. , , • w
FIL D aND REC RD D t*+~
IN WITNESS WHEREOF, the BorFO}v h~ ~ eeal, thia_ ._15_th -__day of~ptp~~E~..~.._..:;. ~4 t:
196~2.._, at th~ Ci of Vero Beach. Count n ian ' r, tate of ~ . : x•
ty . • ~ ) ~ ` ~ ~
Siqned, sealed and delivered ~~~wy~~~ ~ '~~v.' w y"
in the preaence of: ! D~~ i S A~,,~ ~0 Earn~st 4 ow ~ ~---~%~r .r~~.~ s~ ~ Q
, l W{`I ,
~C ~ ; r . ; 4 ~ ' r~ r- ~ ~ ~;..~l~E~.~. } ~
• • ' - fL --~l~~~.~~~=Y
- - - ^ Annie E,;:~Rowe . ,1:~,' ~ „
RUG~-: i~l f~:;S. c,LERK • • ~
-ST. LUCI~ COUS~TY, ''j~-
STATE OF FLORIDA, ~
COUNTY OF_.IiJDIAD~,T~IYER F~~I~Ir1~ " o
Earnest Annie Rowe "f'-
Perwwttt9ly:s,pylea!~~~Fv~t_ me, , _ - U
to me w~ll ~itiq~ as't~tg'~pdivjdtiall~ described in and who executed the faregoing inatrumen~, and acknowledg~d ths?t ?C.he.}~ ~
execu±ed tt~e', e~l~f~`~Iar ~r-'partqase therein ezpressed, whereupon it i~s prayed that the same may be recorded, ~
IN Fi~~'I'N'~ %~Id"HSRI?dF, -I ~sve here~nto alfixed my hand and seal thi~-15
tn-day of_ 5~~~~~r
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