HomeMy WebLinkAbout0333 TNlS iNDENTIIRE. \Aads ~?~e_....3.~~t . o~Y o~ --~[s2hh~t.__.___w_.._ .__...~~4~
u~9.66. bstween,
AGNES HIBSHhiAN, . a_ free de~lerL . - - -
of _SC. ~..r4lC1~'... Co~ty, Floridi. hereinafta dr~i~~+atad u the "M~RtGAGOR," ud FIRSY FE~ERAL SAVI[VGS ~V~lD
LOMI ASSOCIATION OF iND;MI RIVER CWN7Y. a corpocuion oreani:ed and existins under t1+e !aws o! t~+t United Stst~ss of /4++eriu
snd hsvinQ its p~inciqat pltte o; busintu in t#~e City oE Vero Seacl . tnd~an Rrver County, floiida, he~einafie~ desitnateJ as the "MORTGAGEE"
~ne ti~r~coa n;~: 1 tM i~".~RT.;nc~ ~r~ ~ of FiY~_Thuusand_FiY.~~iundr~i_
a r~d _ no - - - - - - - - ct ~ Dol.•~. eood and ~awiul ~norisy of tha lh~ited Ststes adra~+od by ths ;
MORTGA~E unro the MORTGJIGOR. a evidK+ced by ~ certain promiuory note of even date herewith. of which the followi~ tn won~s ~
and ~i~ures is s trw Capy. fawih ' ,~i I• V t
s 5,.~00. QO----- ~`b- . ~
v~ ee~?. F~~a~. -----Qctober 31_~___._.._. i9-~?-
For value receive~ 1 0~ we jointly o~ severally p.wnise to pr~ w FIRST FEOER/1L SAVINGS /1ND I,IOMI ASSOCIATION 4F INOIMI ~t
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Riv~t eourrtir, r~ of s5j. 5~~~ at its affics in Vero 6ead+. Fbrid~. with interast at tF?s rate of--- 6. 9 ~
per oent per anrwm. in the followir~ manrx~: ~
=~+rT,~QQ upon the first of each and every month hereafter until the full principal wm, with interest. has bee~ paid; sald ~
monthy paymants shall be applie+d first w the payrnznt of interest on the unpaid batance. and the~ to the piyn+ent of princip~l.
Thit nots is negotiable snd if dehult in payment occurs. may be Plx~ ~n the hands of an attaney at law for collection. in which ~
event 1 or ws agroe to pay the ooats of collection. i~iuding a reaswwble attwney's fee. arw each of us. whether maker, pwnntor or eodorser.
hanby severally wsives demand. notice of rwn-paYment u+d Protest of this ra:e. }
Agrie.~ Hibshman------------------c~,p ~
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In the event amr payment is ~+ot made piwr to the 20th dsy of the month when due. then this note shall bear Intc?est at the nro of
8.49G ftom the date a~?y wch payment betame due and throughout the period of wch delinpuency.
S~ate stsmpa paid and w~celkd on originsl of this note in the amount of 5~~--~s5-_~_________.. i
NOW. THEREFORE, tM MORTG/1GOR for the purpose or secwing the payment of the said wm of ~_~J.,_J~Q .Q~__ and the
performaoce of the oavenants ard agreements he?einafter e~essed. and for divers good snd valuable coruiderations. bY these Prosents. doos y
grent, bargain. sell, re~nise. ?elease. convey and confirm unto the MORTGAGEE its wccessors and assians, all thit certsln kr~. piece or paroel of #
e
land, situste. lying and being in the County of SL._
I..UCIe J_-.------.~~._ ~nd Staro of Florida. dacribed u folbws: ~
,
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,
Lots 8 and 9, Block 6, according to Plat of South 25th ;
Street Subdivision, which ~aid plat was filed September ~
13, 1954, and recorded in Plat Book 10, page 19, public ,~a
records of St. Lucie County, Florida. DO pA~K~KjO~PE~~. ~
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~ together with all and singular the tenemenis. hereditaments and appurterrnces there~a~to belonginQ or in anywise appertaining thereto. srd '
all rents. issues, proceeds and profits accruing and b atcrue from ssid premises. all of which ar~e inchded in the above arsd foregoing de- -
scriptian and habendurn.
TO HAVE AND TO HOLD the above described and granted premises unM the said MORTGAGEE, its worxssors and aui8ns forever.
Md the said MORTGAGOR for~ IleY_~~~ administrators and auiSns. herebY oover~ants with the said MORTG/1GEE. its woces~
sors and assig~u. that------ Sile__l_ S-----------lavifuly siezed of the said premises in fee simpk; that the same are free. clea~ and d~s-
charged from-a0 liern and errumbran:.es in law or in equiy, and that---__- She----- will and ----_her_ hars shall wamnt and
~ defend the titk to the same to the said MORTGAGEE, its wtce.ssors and assig~s. fotever against the lawf-~I claims and demands of all persons:
~ PROVIDED. ALW/1Y5 that if the MORTG/1CAR shall pay unb she MORTGAGEE the prornisxory note hereinbefore described. and
sh311 truly. promptly and fully perform. discharge. execute. c~omplete. comply with and abide by each and er~ery the stipulations, agreements.
cond;tions and coverwnts of said promiuory rate and ot this Mortgage. then this Mortgage and the Estate hereby ueated shall cease and be
null and vael_
IT IS U!lD~RSTOOD that the word "Mortgagor" whether in the singular or plural anywhere in this Mortgage. shall be singular if ons
only an~ shall be plural jointly and severally if more than aoe, and that the wwd °Their' as used anywhert in this Mortgage shall be taken
to mean "his,•. ••her or ••its.•` wherever the context so implies or admits. Also, ihat vvl~erever there is a reference in the tovenantt and
agreernents herein contained to any of the parties hereto, the same shall be construed to mean as wel) as the heirs, legal represe~tatives, suc-
cessors and assigns (either wluntary by act of the parties or invol~tary by operation of the law) of the same and that the cov~ants herein
centained shall bind and the benefits and advantages inure to the respective heirs, legal represeritatives, successors and assigns of the
parties hereto. `
And said Mortgagors. for thernselves and their heirs, legal represmtativu, wccessors ard assigru, hereby janily and severally cavenant
and agree to and with the said MORTGAGEE, its suctessors and assigru: '
1. To pay all and singular the principal and interest and the variau and wndry wms of rtwncy payable by virtue of said promissory
r~ote, and this mortgage. each and every promptly an the dayc respect~vely the same severally becom~ c~ue.
2. To pay all and singular the taxes. assessrnents, levies. lia5+lities, obfigations and incunbrances of every nature and kind rww on
said cl~stribed p.-operty. o? that hereafcer may be imp~sed, wffered. Placed. levied, er assessed thereon or that l~ereaker rtwy be levied or
~ assesxed upon this Mortgage. or the i~debtedness sewred hereby. each and every, when due ard payable xcording to law, before they be-
~ ccme ~!::~quent, and before any interest attathes or any pe~?alfy is incurred; and iruofar as any there~f is of retord the same siull be promptly
~ sati~fied and discharged of retord and the eriginal official dotument (wcF: as, for instance, the tax receipt or the satisfaction paper offitially
endorsed or certific~ shall be p{aced in tfie hands of said MORTGAGEE within ten days next afte~ payrt~er?t; and in the event ihat any tF~ereof
~ is not paid, satisfied and disci~arged, said M(NtTGAGEE may at a~y time pay the same of arry part thereof without waiving or affetting any
option, lien. equity. or right unde~ a by virtve of this Mortgage, and the full amount of each a~d every such payrr~ent shall be imrnediately
, due snd payable and shall bear interest from the date thereof ~til paid at the rate ot siz and +~tentfis per centum per annum and together
~ with wth interest shall be secured by ti~e lien of tfiis mwtgage. nine ;
3. To place and co~tinuanly keep on the build'ings now or hereafte~ siruated on said land and cn ali equipment and perw~alty cov- ~
ered by this mortgage, with all premiums thereon paid in full, fire inwrance in ihe usual sta~dard policy form, in a sum approved by the
~ h40RTGAGEE, and tor~ado inwrance in the uswl standard policy form,in a sum approved by the MORTGAGEE, in wch company a+ oornpanies
as the MORTGAGEE may direct; and all fire and tornado iruu~ance policies o~ arry of said buildings, any interest therein a part thereof, in the
aggregate wm aforesaid or in excess thereof, shall contain the uwal standard mortgagee cbuse or wch other clause as the Mortgagee may
require, making thx bu v~der said policies, each snd every. payable to said MORTGAGEE u its interest may appear, and each and every
~ such policy shall be promptly assigned and delivered to and heW by said MORTGl1GEE as furtF,er sewrity to said rrartgage debt, and, not
less tF~ ten (10) days i~ advance of the expiratia~ of each poiicy, to delivtr w said NlORTGJIGEE a renewal thereof, together with a reoeipt
for the premium of such renewal; and there shall ba no fire o? tornadr~ inwnnce plated any of said buildings, any interest therein or
_ part tl~eof. ~less in thc i?xm and with the bss payable as aforesaid; a~d in the event any wm of money beeomes payabk ~x~der wch
F F IRC-251-1 M-S64-M .
600K 158 PAGf 333
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