The URL can be used to link to this page

Home My WebLink About1617 ~vvv . ~ TH~S 1I3DENTURE. Made tha~lS[-----•-- OaY of ~C@fll~r.____._..----•--------------_ n. o. ~9 66 . between • _ ___.JUSEPH H. _ MARTIN_and ADDIE._ETMARTIN~ _his wife_ _ _ 1 of •-SL. -~LLGlf'._-- . Gounty. Florida. I+trein~fte~ desi~nated u the "M~RTG/1CAR," and FiRST FE~ER/1L S/WFIVGS MIO ~OMi I~SSOGIATiON OF INDIAN RIVER COUNTY, a corporscion or~anized a~d existins undx the i~v?s of M» United States of /1me~iu snd having its principal ptace of busi~sss io the City of Vero Beach, India~ Riv~er County. Fl~~rids. hereinafter desiQnatcd u the "MORTG/1GEE•• WHER the MORTGAGOR is justIy i~,~ed, ~tR the MORTt;HGEE in the wm ot _'~!o_'I~?ousand~_Six. Hundreci _ : ~J t~p[ ~-_T (S Z! OUt1.-l1U ~~K, B~ and lawful rtwney of the United Statas advu~ted by tht ~ ; MCN~~G~AC,eE unw the MORTGAGOR u evide~ced by s certaio promisscry nota~ of even dsts herewith. of wt~ich the followinQ in ~wrds ~ and fi~ures is a hue topy. to-wit: - 9"~'98 2 600. 00- f s - ~ - ~ v~ se~. F~~~. . December 1, i9__~ ; Fo~ value reteived i or we jantiy cr severally proniisc to pay to FIRST FEDER/1L S/WINGS M1D LOMI /ISSOC1AT10N OF IN~I/1N RIVER COUNTY. the sum of s.2.a.,!u!!: at its offioe in Vero Beach. Florlda. ~~,r~.~r ~r ~.~a of-_--- 6-9 per tent per annum, in the foliowin` n?arx~er. s__s~~2~ upw? the first of each arxi every mo~th hereaftzr until the full princepal wm. with intercst, has been paid: said monthly payments sha~l be apptied first to the payment of interest on the unpaid balance. and tF~en w ths payme~+t of principal. = This nots is neYotiable and if default irt payment otcurs, inaY be Placed i~ the ha~ds of a~ attrxney at law for oollection. in which eve~t 1 or ws ag~ to pay the costs of collettion. including a reasonabk attomey's fee. a~d esch of us, whetl~ maker. guarantor or endorser. ~ heroby s~wenlly waives demsnd. natice of rwn-pavment and protest of this note. Islloseph. H _Martin - ---------------~u --~~~~~die_ E L_~Vlartin ---cs~o - In the event any payment is not made prior to the 20th day of the mo~nth when due, then this note shall bear intersst at the rate of 8.d~ from the date any wch payrrw~t betame due and th~oughout the psriod of such delinquency. State stamps paid ~+d cancelled on original of this note i~ the arnau?t of s3. NOW. THEREFORE, the MORTGAGOR for the pu~pase of securing the payrnent of the said wm of s 2.a_6~~ ar?d the performance of the covenants a~d agreements hereinafte? e~essed. and for divers good and valuabk cauide?ations. bY fhae Prc~r+n. does grant. bargain. sell. Rrnise. release. convey and confirm unto the MORTGAGEE its waessors and sui~s. sll that certain lot. piete or parcel of land. situate. hdc~8 and being in the Couny of $C._ I,.UCle . and State of Florida. dacribed as folloMrs: _ , a~ Lot 7, Block 1, according to plat of ; _ ~;.',FO `FO PARADISE PARK ADDITION, a subdivision ~ s, `s`2 0 of the SW 1/4 of the SE 1/4 of Section 33, `:~.,°~ti ;~>4i ~ Township 34 South, Range 40 East, which plat ~`F~ ~,Aic ~,y has been filed and recorded in Plat Book 8, By ~ l/,s/~~-~ AFRS r~ page 36, public records of St. Lucie Cbunty, _ ~ y T ,y cr~, ~y Ep - ~ ~i l,q,~`-'•' • ~ ~0~ ~IOT1C~ . - - . . . C Ph ~s ``'~~''!~0'°E xb W tr~) ~ Lur;t.~~ o~ A~' c~ ~ DOCUMENTY~=T~TaNiP T!-.X Z ~ :~~~:1 \y ~ p ~ = DEC-b'66 zi„t=~• ` = t ~ - ~390= ' ry~ v, " CO*lP7RCLlER o _ ~ P.S.~Qo~_s ~ together with all and singula~ the te~?ts, hercditarnents snd appurtenances thereunto belo~ging or in snywise appertaining ifiereto. and all rents. iswes. Proteeds and pro:i:s zttruing a~d to atcnie from said premises. all of which are included in the above and foregoing de- SCripti0n and hibenduT. TO HAVE /WD TO HOLC~ the aEiwe described and granted premises unto the said MORTGAGEE. its waessors and assiBns forever. And the said MORTGAGOR for_thelr heia, exewtws. adrt+;nistators and sssigns. hereby covenants with the said MORTG/1GEE. its wcces- sors and ass~gns. ~r~r------~eY--a-~e -------___.~M?~,n,? ~e:~a ~~a f~ that the same are free. clear and dis- charged from all lieos and enaunbrantes in law or in equity, a~,a t~t-------_Lh_e~t ,Mu ~,a ---Ll_~eix--- shall warrant and detend the title to the same to the said MORTGAGEE. its woceuors and assigns. forever against the lawful claims and demards of all persons; PROVIDED. ALW/1Y5 that if the MORT,,/U'AR shall pay unto the MORTGAGEE the promissory note hereinbefore dexribed. and shatl truly. e~b a~d fi,ib ce~o~+. discF?arge. execute. oorrWlete. comP~Y with and abide by each and every the stipulatiorn~ agreements. conditions and oo+renants of said promissory note and of tfiis Mortgage, then this Mortgage and the Estate hereby ueated shall cease and be ~ null arfd vOw~. IT IS UIJDERSTOOD that the word "Mortgagor" whether i~ the singular or plurel anywhere in this Mortgage. shall be singular if one only and shall be plural jantly and severally if rtrxe than one, and that the word "TheiP' as used anywF+ere in this Mortgage shall be taken ta mean "his." "her," or "its,' wherever the context so impli~s or admits. Also, tlvt wherever there is a refe~ence in the oovenants and agreerr~e~ts herein contained to any of the parties hereto, t}~e same shall be corutnied to mean as well as the heirs, legal representatives, wc- cessors and assigns teither wluntary by act of the parties o? involu~tary by operation of the taw) of the same aod that the tovena:~:s herein contained sF?all bind and the benefits artd advantages inure to the resQective heirs, legal representatives, wccessors and assigns of the parties hereto. Md said Mortgagors, for themselves and their heirs. legal representatives, suctessors 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 printipal and interest and the various and wndry wms of money payable by virtue of said promissory note, and this mortgage. each and every promptly on the days respective~Y the same severally become due. ~ 2_ To aay all and singular the taxes, assess+nents, levies, liabilities, obligatioru and intumbrantes of every nature and kind now on said described property. or that hereafter may be imposed. wffered. Placed, (evied, or assessed thereon or that hereaher may be levied or assessed upon this Mortgage, or the indebtedness secured hereby. each and every, when due and payable according to law, before they be- ceme delinquent, and before any interest attathes or any penalty is incvrred; a~d insofar as a~ry ti~ereof is of record the same shall be promptiy satisfied and discharged of record and the original offitial docurt~ent (wch as, for instance, the tax receipt or the satisfaction paper officially endorsed or certifie~ shall be placed in the hands of said MORTGACEE within ten days next aher payment; and in the eveni thai any thereof - is not 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. or right under or by virtue of this Mortgage, and the fu~~ amount of each and every wch pay~rnent shal! be irtrnediately due a~d payable and shall bea~ interest from the date thereof until paid at the rate of six and}fi~f~-tenths per centum per anrwm and together with such interest shall be secured by the lien of this mortgage. nlne 3. To place and continucusly keep on the buildings now or hereafter situated o~ said land and a: all equipment and personalty cov- ered by this mortgage, with all premiurm thereon paid in fu~l, fire inwrance in the uwal standard poliq form, in a sum approved by the MORTGAGEE, and tor~ado inwrance in the uswl standard policy torm,in a wm apRroved by the MORTGAGEE, in wch toapany or compan'~es as the MORTGAGEE may direct; and all fire and tornado inwrance policies on any of said buildings, any interest therein or part thereof. in the aggregate wm aforesaia or in excess thereof, shall oontain the uwal sta~dard mxtgagee clause w wch other clause as the Mortgagee may require, making ths loss under said pol6cies, eath and evary, payable to said MORTGACEE as its interest may appear. and each and every wch policy shall be promptly auigned and delivered to and held by said MORTG/?GEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the expiration of eac~ti policy, to deliver to said MORTGAGEE a ~enewal thereof. together with a receipt for the premium of such renewsl; and there shalf be ra fire or tw?wdo inwranoe placed on any of said buildings, any interest therein or part thereof. unless in the form and with the loss payable as aforesaid• and in the event any sum of money beoomes payable under such FFIRC-251-IM-5-64-M ~QOK1,6O PACE 4~5 ~ ~ - . 4 i,~,~- ~..F _ ~x- L .Ti., ~e:E:~*3r~'~i~< ~~~4~... ~.s _ Y~*c?^~"+rY `y' , _