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Home My WebLink About2612 -t4~~ TNIS INBENTURE. Made the.-14~ _ Day of______~LO~I ~ ~ __~M. A. D. ~966 . betMreen . - - F~EII.V..- BALLQLI__and_~ALLY_.YV_-BALLQ[I..--his.~tif~.----------------_----- - af___St. _Lucie__.____ ~,,,r,ti~ Florid~. hereinafter desi~~ated u the "MORTWOOR." and FIRST FEDEIt/1L SAVINGS MIO LOMI ASSOCIATION OF INDIMI RIVER COUNTY~ s corporaHon organi:ed u?d ~xtstin~ unde~ tFk Isws of tM Unlted Shbs of M~ic~ and having its principal plaos of b~uiness in the City of Vero Beach. Indian River Cou~h. Florida• herei~after desi~nsted ss the "MORTG/~GEE." WF1 the MORTGAGOR k jusf~? ths MORTGNGEE in t~ ~~t.??lree. 'Ihou~and _'I~vo Hundred ~_pp. _ (S~a~----~ Dollan. good and lawful money of tM U~?ited States adv~no~d by ths MORTCJI E unro the MORTG/~GOR. as evi d s ~ t e d b y a certa in promiuory r w t e o f e v e n d a t e h e ro w i t h, o f w h i t h t F+ e followi n~ in words and fi~ures is a true topy. to-wit: 1•;. 1~ r i r . . s 3.,_2QQ.. (~0_---- . - . , t~o.-----___,___ _ , , . Vero Beach. F~td~. -----Octobe~ ~4,~~_ - ' -~T~--------_.__ i9_66_ For value received I o~ we jointly or severally promise to pay to FIRST FEDERAL SAVINCS M10 LOMI /15~SOCIATION OF INDIMI ~ RIVER COUNTY, the sum of S.-~y-2~--~---------------- ,t its office in Vero Beach, Flo~id~. with int~rest at.sl~t rste of~~2~___ oer ca?t per aruw~n. in the folbwin~ m~nner. i,' J~' ~ r a~ ~,'i i..i : i r e~r°~~~~ ;~z-:-_Q_Q__--- upon the Hrst of eath and every month hereaher until the full principal sum, `witli ~rttlMsf: F+as bee~ Wid; said rr,onthy payments shall be applied first to the payment of interest on t h e unpa i d b a l ante. a n d t h e n t o t h s p a y r n e n t o f p r i n c i p a l. This rafe is negotiable snd if dehult in payment oowrs. msy be Plxed ~n the hands of an attomay at law fw colk~ction, in which event I w we agroe to pay tF+e costs of tollection, including s reasonable attomey's fee. and e,ad+ of us, whsthe~ maker, Quanntor or endorser. hereby severally waives den+and, notice of ran-payment and protest of this note. ~ f s~Fred V,_.Ballou---- ----------------------------cs~u --1~ 1~ W ~Ballou - ~cs~a In the event any psyment is not made prior to ths 20th day of the month wFan due. tF~en this note shall besr interost at the nM of 8.496 from the dab anY wch PaYment became due and throughout the periad of wch delinquenc~r. Shte stamps paid and cancetled on originai of this note in the ama~nt of 5--4:80 NOW. THEREFORE, the MORTGAGOR for the purpose of securing the psyment of the said sum of s___~.,..~..~~_ and the perforrnance of the coveMnts and agreements hereinafter e~essed. arxf ior divers ~ood and valusbk co~sidenNa~s. bY tF~ese D~e~?K. d~s grant. baRaln. sell, remise. release. corney and confirm unro the MORTGAGEE its wccessors snd sssi~ns. all that certain lot, pieoe or parcel of , land. situate, lying snd bein~ In the County of ~~._~ru~iG'_---~---------_-----~-- and Stste of Florid~. desc~ibed u foilows: Lot 1, Block 3, according to plat of LA FOND SUBDIVISION, which said plat was filed July 15, 1946, and recorded in ! a 12 ublic records of St. Lucie County, Plat Book 8, p ge , p Florida . ~ tescErvEa : , ~ ~w M?~taw'r ort w ~ 1/a f~ ~F t" L U~t 1 u A OUE ON ClA4S C' INTANGIdLt ~EIl~pMA< ~ ~ DOCUytENTAp~STAMP 7AX pL~UANTTOCNArTER20721„ACTSp~~M4 ~ z _ 6oo ;t .SG - _ R c:, c~~ P a T S Z S S, u. r k d r e ~ i f Cow~ ..-i ~ = Oi.T19'66 A 8 0= os /~pMf ~ CUiCTIS M. ~MII~ r ~ F- ~ _ 1 ~`t = S~. taci~ Toa v~ ~ cor?.~rnouFa `~oQ,c ~ ? P.B.+9~~sa = - . e~ ~~n i ~ together with all and singular the tenements. hereditaments and sppurtenu~ces therew?to belonging or in snywise sppertaining tt~ereto. snd sll rents. iswes. Pmceeds and profits aocruing and to aocrue from said pranises. all of whith ane includod in the above and foregofnB de- uripHon snd IwbendiAn. TO HAVE MID TO HOLD the above described and granted premises unto the said MORTG/1GEE. its w~ors and usiB~s forever- And the said MORTGACAR for_ ~e.~__heirs. executors. administrators and assigns, hereby cwenants wiN+ the said MORTG/1GEE. its woces- sors snd auigns. that.-~eX_ 1re -----------tawfuly siezed of the said premisa in fce stmpk; that the same aro frce, clear and dis- ; charged fror» all liens and encumbrantes in law or in equity. and that----~~---_------ will and ~e~----- heirs shall wamnt a~d defend the title to the same to the said MORTGAGEE. its wttessors and assigns. forever against the Iswful clairra and demsnds ot all persau: PROVIDED. ALW/1YS that if the MORTGAGOR shall pay tmto the MORTGAGEE the promissory note hereinbefore destribed. and ; shall truly. promptly and fully perform. d'ischarge, execute. oomplete. comply with and abide by each and rvery the stipulations. agreements. i cenditiau and covenants of said promissory note and of this Mortgage. then this Mortgage and the Estate hereby created shall tease and be nul) and wirl. IT IS UNDERSTOOD that tF+e word "Mortgagor" whether in the singular or plural anywfiere in this Mortgage, shsli be singular if ont only snd shall be plurel jantly and severelly if more than one. and that the word "Their" as used anywhere in this Mortga~e shall be taken to rtiean "his," "her." or "its,' wherever the context so implies or admifs. Also, that wherever there is a referente in the tov~ants and agreements herein contained to any af the parties hereto. the same shall be oorutn~ed to mean as well as the heirs. tegal representatives. suc- cessas and assigru (either wiuntary by act of the parties or involuntary by operation of tfie law) of the same and that the tovenants herein contained shall bind and the benefits and advantages inure M the respective heirs, kgal representatives. wccessoa a~d assigns of tfie parties hereto. Md said Mortgagors, for themselves and their heirs, legal represenhtives. wctessors and assigns. hereby jantly and severally aovenant and agree to and with the said MORTGAGEE. its successors and assigrs: 1. To pay all and singular the principal and interest and the variau and wndry wr»s of money payable by virtue of said promissory note, and this mortgage. each and every pr~omptly on tFie days respectirely the same severally become due. ~ 2 To pay all and singular the taxes, assessrnents, levies. liabilities. obligations and inc~nbrances of every nature and kind now on said described property. o? that hereafte~ may be impaaed, wffered. Placed. levied, w assessed thereon or that hereaher may be levied or assessed upon this Mortgage, or the indebtedness secured hereby. eath and every, whe~ due and payable according to law, before they be- come delinque~t, ard before any interest attaches w any penalty is incurred; and iruofar as any thereof is of record the same shall be prompily satisfied and discFwrged of record and the originsl officlal docurt~e+~t (wch as, for instance, the tax receipt or the satisfaction paper offitlally ~ endxsed or certific~ sl~all be placed in the hands of said MORTGAGEE within ten days next aker payment; and in the event thst a~? thereof , is rw~t paid, satisfied and discharged, said MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting any : option, lien. equity. w right under or by virtue of this Mortgage, and tF+e full amount of eath and every such payrnent shall be Immediately due and payable and shall bear interest from the date thereof until paid at the nte of six and six-tenths pe? cenhxn per annixn and togett~ wi:h such interest shall be setured by the lien of this mortgage. 3. To place and continuously keep on the buildings now or hereafter situated on said land and on all equiprt~ent and personalty cov- ered by this morigage, with all premiums thereon paid in full, fire inwrance in the uwal standard policy form, in a wm approved by tfie MORTGAGEE, a~d twnado inwrance in the uswl standard polity form,in a wm approved by the MORTGAGEE, in wch company or companies as the MORTG/1GEE may direct; and all fire and tornado i~ursnte policies on arry of said buildings. arryr interest therein or part thereof, in the aggregate sum aforesaid or in e~ccess tt+ereof, shall conhin the usual standard mortBagee clwse or wd~ other clause ss tfie Mortgsgee maY requiro, making the loss undsr said policies, each ard every. paysbb to ssid MORTGAGEE as its interest may appear. and each and every such policy shall be promptly assigned and delivered w snd heW by said MORTGAGEE ss further security to said mortgage debt. and. not less than ten t10) days in sdvsnce of the expintion of esch polic~r. to deliver to said MORTGAGEE a renewsl thereof~ together with s receipt for the promium of wch renewal; snd thero shall bs no fire or tomsdo inwnnce plated on any of said buildings, sny interest therein o? n part ther~eot, unless in the form and with the loss payabb as aforesaid; and in the event any wm of mor~ey becomes payable unde~ wch - FfIRG-251-1M-S~64-M BOOK~S~ PACE 21„1 ~ ~ - ~ t-,~,: _ ~~~~„~x-~ _ < - . wv~~:_ _ _ a