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Home My WebLink About0486 . . , f ~ -i~LSV4..i ~ I ; . THIS INDENTURE. M~ t~_~~1h_.~._ av ~_.T._-~ i9_b6., b.n~, , ---FRANK Kt _ NEME~_anc~ ~~i~C~i~_.~..._11~M~C,_~ vstif~.,__-------_. - of ------_$L, _ Lucie ~+n?. Florida. herai~fta dssl~~ated a: ths "MORTGAGOR: ' and FIRST FEDEWIL. 5/1VINGS M1D ; LOMI ASSOCIATION OF INDIMI RIVER COUNTY. a corPoration organi:ed and existi~g unde~ the Isws of the Unitad Sqtes of /1mxi~ta and having its printipal plaos of busineu in the Ciy of Vero Beath. Indian River Counfy. Florida, hereinafter desiQnated ss the "MORTWGEE" ths MORTG/?GOR is~ust~ ~~yp the MORTG/~GEE in the sum of~~X ~14115$IIi~'iYL'r.~ltndre[~ _ and _n~~_'_-_'_",'_ V~~~W_4!~~~ Dollus, good and lawfu! nwney of the United States advsnad by tFr MORTGAGEE u~ta the MORTG/1GOR. as e~ridaxed by s ce~tain pranissory note of even date herowith. of whith the followi~ t~ wads and HQures is a tnis CoPY. to-wir. 9'~29 ' s 4~~~.-QQ----- i . ~ vero 8e~c1+. Florids. -----..._-,F~X--~~---------~ 19_~2 . : For value reteived 1 or we jointly or sevenlly promise to pay b FIRST FEDER/1L SAVINGS M1D LOMI /?SSOCI/1TION OF INDIMI RIVER COUNTY. the sum of =~?s.~~'•-Q~ at its office in Vero Beach. Florida. with tnterost at M~e ate of_~_.~Q---.__' per oent pe~ arrwm. in the folk~rlrtg rr•!!+~~: S~~QQ~___ upon ths Hrst of esch and every month hereafter until the full principal wm, with interest, has been paid; said monthly payrnents shail be spplled first to the payment of interest on the unpaid balance. snd then to the payment of printipal. This nots is negotiabk snd if dshuit in psyment otairs. m~y be Placed the ha~ds of sn atto?ney at law tor collection. in whith event 1 or ws s~ree to pay tF+e casts of oollettia~. intluding s reasor+able atmrnay's fee. and each of us. whether msker, guanntor or endorsar, : hereby sevenily waives demand, notioe of nor?-WYnb++t and protest of this note. ; ~$~---~Y'~~~~el~e~ --_________--_(Seap i _ ~s/_ Ph~llis _C.__Nemec _cs~n ~ In the eveM any paYn+ent is not mack prior to ths 20th day of the month when due. then this note shall besr interest at the rab of ! $.496 hvm the dats any such payment became dus snd throughout the P~od of wch delinQuer+cY• ~ State stamps paid and tancellcd on aiginal of this note in the amax~t of =9~~~--~-------~~ NOW~ -TNLREFORE, the MORTGAGOR for the purpose of securing the payment of the said wm of Z6~.~~=_~-- snd ths ; periormante'of ths oovenants and agreements hereinafter e~ssed, and tor divers good and valwble oonsidersttaa. by these presents. does i grant. barQain, sell. remise. release. convey and oonfirm unb the MORTCJIGEE its wa~ssors and sssiQns. a(1 thst certain Iot, piece or p~roel of ~ land, si1wM. lyin= and beina in the CaxNy of ----------_-St._LUC1E-- a~d State of Florids. desc~ibed u follows: Commencing at the Northeast corner of Lot 174, MARAVILLA GARDENS, UNIT 'II-IREE, as per plat thereof recorded in Plat Book 6, page 62, of the public records of St. Lucie County, Florida; thence run West along the North line of said Lot 174, 400 feet to the point of beginning; thence continue West along said North line, 200 feet; thence South with an interior angle of 87 degrees, 32 minutes, 100.28 feet; thence East with an interior angle of 92 degrees, 28 minutes 200 fee~ thence North 100. 28 feet to the point of beginning; TOGE'IHER with an easement over the following described property: From the Northeast corner of said Lot 174, run South-along the East line of said Lot 174, ~ 44.14 feet; thence run West parallel with the North line of said Lot 174, 10 feet for the point of beginning; thence continue West along the same line, 390 feet; thence South 12 ~ feet; thence East parallel with said North line, 390 feet; thence North 12 feet to the ~ point of beginning. ~ i . . together with all and singular the teneme~ts. hereditaments srd sppurten~ntes there~to belonging or in strywise sppeltainin~ thereto, snd sll rents. iuues, proceeds and profits sccruing and to aocrue from said premises. all of which aro incl~tded in the sbove and ioregoir~ da- t { striptian and haber~dum. f ~ TO HAVE AND TO HOLD the above described and aranted premises unto the said MORTGI'?GEE. its wooessors and sssiB~a forever. ~ f And the said MORTG/1GOR for_ ~lelT ~rs~ execvtors, sdministntors and aui6ns. herobY covenants with the said MORTGAGEE. its wcces- ~n ,~,d the are gns. thst_~_~--~--- _--_}L----_~~_lawfully siezed of the ssid premises in fee sir.~pk; that the ssme aro frce. tlesr ud ~s- charged from all I'~eru and er~cwr~brantes in law or in equity. and that-_--- 1e~C~_____ will and ~1~ heirs shall warnnt and defend the title to the same to tF+e said MORTG/?GEE, its wocessors snd assig~s. forever agairut the lawfui cWims and demands of ~II persons; ~ PROVIDED, /LLWI~?YS thst if N,e MORTGAGOR shsll pay unto the MORTGAGEE the promissory nore heroinbefora descn'bed. ~d shall truly. a~ompry and tuiy ~m. dixharge. execute. torr~plete. comply with and abide by exh and every the stipulations. agreeme~ts. conditions and covenants of said Rramissory note and of this Mortgage. then this Mortgage and the Eshte hereby created shall cease and be null snd voiA- IT IS UNDERSTOOD that the word "Mortgago?" whethe~ in the singula~ or piural anywhere in this Mortgage, shali be singular if one o~ly and shall be plural jointly and severally if more than one. and that the word "Their' as used anywF~ere in this Mortgage shall be taken to mean ••his,•• •'her.•• or ••its; ' wherever the context so impfies or admits. Aiso, that wherever there is a referente in the coverwnts and agreements herein tontained to any of the parties hereto. the same shali be oonsirued to mean as w~ell as the heirs. (egal represe~Mtives, wc- cessors and assigru (eithe~ wl~tary by act of tfie parties or invol~tary by ope~ation of the law) of the same and that the aovenants herein contained shall bind and ihe be~?efits and advantages inure to the respective heirs, legal representatives, wccessors and auigns of the ~ parties he~eto. ~ Md said Mortgagors. for thert~selves and their heirs. legal representatives~ successors 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 principal arxl interest and the varian and wndry wms of mo~eY Payable by virtue of said promissory : note, and this mortgage, each and every promptly on the days respectively the same severaly become due. 4 ~ 2 To pay all and singular the taxes, assess~nents, Isvies. lia5ilities, obligations and incumbrances of every naturc and klnd now on ` said described property. w that hereafter may be impased. wffered. Placed. levied. or assessed therean or that hereafter may be levied or assessed upon this Mortgage, or the indebtedness sewred hereby, each arid every, when due and payable according to law, before they be- come delinquent, and before any interest attxhes or any penalty is inturred; and insofar as any thereof is of record the same shall be promptly satisfied and distharged of reoord and the origintl offitial dotument (such as, for instante. the tax reteipt or the satisfattion paper officialFy ; endorsed or certifie~ shall be placed in the Fwnds of said MORTC,AGEE within ten days next aher payment; and in the event that am? thereof s is ~ot paid, satisfied and discharged, said MORTG/?GEE may at a~y time pay the same or any part tfiereof without waiving or affetting any ~ cption, lien. equity, or right under or by virtue of this Mortgage, and the full amount of each and every wch payment shall be imrt~ediately : due and payabk and shall bear interat from the date thereof until paid at `t~e rate of six a n~~enths per ce~tum per anrxxn and together ~ with wch +nterest shall be secured by the lien of this matgage. ~ 3. Ta place and continuously keep on the buildings rww or hereafter situated on said land and on all equipme~t and personalty tov- ered by this mortgage, with all premiums thereon paid in ful1, fire inwrance in the uwal standard poliq form, in a wm approved by the F MORTGAGEE, and tomado i~surance in the uswl standsrd policy form,in a wm approved by the MORTGAGEE, in wch tort~pany or corripanies ' as the MORTGAGEE may fiirect; and all fire and tarwdo inwrance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the uwal standard mortgagee clause or wch other tlause as the Mwtgagee may require. making the loss under said policia, each a~d every. payabk to said MORTGAGEE as its interest may appear, and each and every wch policy shall be pr~omptly assigned and delive~ed to snd heW by said MORTCAGEE as further sewriy to said mortgage debt. and, not fess than ten (10) days in sdvance of the acpiration of esd+ policy. w del~:s: tc ~*sa I.Al~DT!'.ArFF a renewal thereof, together with a reteipt ~ for the premium of wch renewal; snd thero shall be no firo o? tornade inwr+nce D~aced a+ any of said buildings. any interest therein or ~ part thereof, unlas in the form snd with the ~ss payabk u sforesaid; and in the event any wm of monq beoomes payabb under wch ~ fFIRC-251-1M-S6~-M ° R 153 486 BOOK _ - ~ ~ - -~~~..x.~~~~;-~ ~,:a - ~~Y=,