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Home My WebLink About2614 1 ~ 1 THIS INDENTURE. M~ tne_._---13th----- wr of------- October_~_______~_____ /1. D. i966 . between ~ ~ C~AR~..ES..1K_._ ~ITE_ and__RACHEL E.--WHITE,_his_ wife__._.____.~._~_-----~ of._____.__St...Lu~ie c«,~ti, Flaids, he~etnaft~? dai~nated u the "MORTGA~OR;' and FIRST FEDER/U. SAVINGS /WD LOMI /1SSOCIATION OF IN~I/W RIVER COUNTY, a corpontion o?Qani:ed snd existinQ under the lavvs of the U~ited Ststes of Amerka and having its principal plate of busineu in ths City of Vero ae~ch. Indian River County, Florida, hereinafter designated as the "MORTG/1GEE" WHE MORTG/1GOR is just4y i ~the MORTG/~GEE in ths sum of_~KD__~1QlLS$Il~ o Hundred SII~.110 (S 6~ ~~d lawful money of the United tates advs~oed by th~ MORTGAGE~ MORTGAGOR. ss evi.i~nced bY s certain p~omissory note of even date h~re?~tF} .3f which the followin~ in words and fiaures is a true copy, to-wit: ' : _z,~oo. oo---- , t ~ ~ : ~ 9r"'~3 v~ ee~. FloricL. ------(3ctober--13=-- ~~66 - ~ For value ~eteived 1 w we jointiy or severally promise to pay to FIRST FEDEWU. S/1VINGS M1D LOAN /\SSOCIATION OF INDIMI , . : RIVER CWNTY. the wm of ~y.ZQQ~_~ at its affioe in Vero B~acF?, Florid~. witl~ I~t~nct itr t~is nte of_~_~_ per cent per anrwm. in tM folloMrin~{ msnner: _ :«C: G' t.~..:.~'.~ =~~.QQ_,_~ upon the first of each and every month heroafte? until the full .principal wm, with interost. has been paid; said monthy paymer?ts shall be applicd first to the payment of interest on the unpsid balante. and the~ to ths payment of principsl. This nota is negotiabk ~nd if defsult in paymnnt occurs. msy be Plsced in the hands of an atto?ney at law for collecNon. in which event I w vy~ sgree to psy the coats of ooilection, including a reasonabk attorney's fee, snd each of us. whether maker, guaranto? or endorser. heroby se~r!?sly waives demand. notice of non-payment a~d protest of thls note. ~sfCharles_W,_ _White ----------------------------------cs~a /slRachel E~White~__~_~___ ~,p In the event anY payment is not made prior w ths 20th dsy of the month wF~sn dus. then this note shsll bssr interest ~t the rate of 8.44G from the date a~y wch payment became due and throughout the period of wch detinque~xy. StaM stsmps paid snd cancelled m originsl of this note in the smamt of S-+~~ NOW. THEREFORE, tM MORTGAGOR for the purpose of securing the payment of ths said swn of =_2~?~- snd tM performance of the covenants and agreements hereinafter e~sed. and for ~vers good snd valwbk oornideratic+ns. b'Y these Pr~nn. d~s grant. bargsin. sell. nYnise. rclesse. convey and confirm unto the MORTWGEE its wocessors snd auip+s. ail th~t certain lot. piece or paroel of isnd. situate. lying snd bein~ in ths County of ------$~:.~r~..Cie_~--~-:---- and State of Florida. described u foliaws: i 'Ihe West 15 feet of Lot 6 and all of Lot 8, of OLSON'S SUBDIVISION, as per plat thereof on file in Plat Book 8, at page ~ 59, of the public records of St. Lucie County, Florida, i ~ qiCEtYED S ~ ' IN PATMENTOF~AXES ` . 7••1 ~:Ll~;•C' INTANG19lE rER50YAl PA~~ERTY. 41 ~ I~ I L Qr r L U~ 1 U ri •'J .a~ :'~T TV =HA?TEit 2G~2t. AGTS OF 19t1. ~ U OOCUMENTAo" STAMP TAX ~ ' • • ' . ~ij~k Cires•! ~rt ' = F" _ _ 'op"'~~ _ . _ s f r.. ;!5 M. JA.V1°i ~ = OCT19'66 _ • • Tox ~clor ~ o = - - ~ 3 3 0= ~t. ~+r N V COMATAOLLER - P~.190138 ~~-0-~ ` r o~n,n cuQuc t together with sll snd singubr the tenements. hereditsments and sppurterwnces the~eunto belongin~ or in snywise sppertaining thereto. snd all rents. tssues. Proceeds and profits sccruing snd to aocrue from sstd premisas, all of which aro included in the above and foregoing ds- w : scriptian and habendixn. TO HAVE MID TO HOLD the above destribed and grantod promises unto the said MORTGAGEE. its wccawrs a~d assi~ns iorever. Md the said MORTG/1GOR for ~eir_heirs, executors, administntors and assigns. hereby covenants with the said MORTG/1GEE. its wotes- ~ sors and sssians, ~r,~r------- ~?ey_ are__~_____---~M?r„~h? ~~r,~ ~~a fee simpk; that the same are free. ckar and dis- ~ charged from all liens and enairnbrances in law or i~ equity, and that----_-- ~~l witl and __.___~f%~._ _ heirs shall warnnt and f defend the titie to the same to the said MORTGAGEE. its suctessors snd assigru, foreve~ against the lawful claims snd dert~ands of all persans; ~ PROVIDED. ~ILWAYS that if the MORTWGOR shall pay unto the MORTGAGEE the pmrniuory note hereinbeiore described. and shall truly. promptly and fully perform. discharge. execute. oanplete. comply with and abide by each ard every the stipulations, agreements, corditions and oavenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be ' null and wirL ` ; IT IS UNDERSTOOD that the word "MortgaBor" whether in the singular or plural anywF~ere in this Mortgage. shall be singular if on~ 1 only and shali be plurai jointy and severally if more thsn one, and that the vwrd ' Their' u used anywF~ere in this Mortgage shall be taken ~ to mean "his,•• ••her.•• or ••its,•• wherever the oontext so implies or admits. /?Iso. that wherever there is s refererxe in the covenants and agreements herein contained to any of the pa?ties hereto. the same shall be oonstrued to mean as well as the heirs, legal representatives, suc- cessors and auigru (either voluntary by act of the parties or involuntary by operatron of the law) of the same and that the tovenants herein contained shsll bind and the benefits and advantages inure to the respective heirs, legal representatives. wccessors and assigns of the parties hereto. And said Mortgagors. for themselves and their heirs, legal representatives, sutteuors and assigns, hereby jointly and severally tovenant and agree to and with the said MORTGAGEE, its successors and assigns: ~ l. To pay all and singular the principal and interest and the va~ous and wndry wms of money payabte by virtue of said promissory ; note. and this mort8a8e. each and every pranptly on the days respecYively the same severally become due. ? 2. To pay all and singular the taxes. assess~r~ents, levies. Iiabillties, obligations and inwrt~brances of every nature and kind now o~ said described property. or that hereafter may be irnposcd. wffe~ed. Placed, levied, or assessed thereon or that hereaker may be levied or assessed upon this Mortgage, or the indebtedness sew~ed hereby. exh and every. wF~ due and payable according to law. before they be- ; tanc delinquent, and before amr interest attaches or ae~y persalty is incurced: and insofar as any thereof is of retord the same shall be prornptly satistied a~d dixharged of record and the original official document (wch as, for instance, the tax receipt or the satisfaction paper officialy endorsed w certifie~ shall be placed in the hands of said MORTGAGEE within ten days next aher paymeot; and in the event that a~r thereof ~ is not paid, satisfied snd discharged, said MORTGAGEE may at amr time pay the same or arry paR thereof without waiving or affecting any option, lien, equiry. or right under or by virtue of this Mortgaga. and the full amount of each and every wch payrt~ent shall ba imrr~edlately due and payable and shall bear interest fran the date thereof until paid at the rate of six and~(-te~ths per ce~tum per annum and together with such interest sF?all be secured by the lien of this mortaa~e• ni]]e equipment and personalty tov- ' 3. To place and continuously keep on the buildings now or hereafter situated on said land and on all ered by this mortgage, with all premiwns thereon paid in full. fire inwrance in the usual standard poliq form, in a wm approved by the MORTGAGEE, and tornacb inwrance in the usual standard polity form,in a wm approved by the MORTGAGEE, in wch oompany or oompanies as the MORTGACEE may dirett; snd all fire and torrwdo inwnnce poliaes on any of said buildings, arry interest therein or part thereot. in the aggregate wm aforesaid or in excess thereof. shall tontsin the uwal standard mortgagee clause or suth other tlause as the Mortgagee may require. making tha loss under saW polities. exh and every. payabls to said MORTG/1GEE ss its interest may appear. and each and every such poliq shall be pr~omptly assigned and delivered to and held by said MORTG/1GEE as further sewrity w said mortgsge debt, ard, not less than ten (10) days in advance of the expiration of each polky. to deliver to said MORTCAGEE o renewal theroof, together with a receipt for the premium of s~xh renewal; snd thero shsll be no firo or tornado inwnnte plated on any of said buiWings. any interest therein or psrt tF~.wf. unless in the fam snd with the loss payabk as aforcsaid; and i~ the event any wm of rtwney becomes payabk under wch FFIRC-251-1M-S-64-M . G r, ! 800K ~5~ PACE 213 u ~ " , - z w.~;~" ~ „ "-nf~ ~ ~ ~;.v ~ ~ a :s: ' _ _ ~Nf,f P ~ _