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Home My WebLink About1803 . 1S()638 ~ TH15 IN~ENTURE. M~ ;r~._2nd_._.._.. wr of.------ Uecember__._..~~.----------- u. i9_66 . e.e~+ I?,Ayti~_ G, E, _ MORRIS4N and. MARY B._MORRISON,.his_ wife or _SL. LL1Gle C.ounty. Florida, hersinaher desi~nated as the "MORTGAGOR." a~+d FIRST FEQERAL SI1ViNGS Ml~ LOAN /1SSOCIATION OF IN~IMI RIVER COUNTY. s oaporatio~ organi:ed and existir~ unde~ the Iswc of the U~Itod Stata of i1~+r?srita and having it, p~ir+cipal plate of business in the City of Ve:o 8eath. Indian River Cau~ty. Florida. hereir+after designsted as the "MORTGt:GEE.•• WHEREA iF+s MORTGAGnR is iustiy,j^d~(~ t~h° MORTGAGEE :n the stsm of ~~LYf'r._~1.4LlSt`l.~~i._F.~Y~e-E~lI1~d ~ ap(~-no/ 10~---.- _ cs J.L JNl~•ii~i------) ~IN~. H~ and lawful mo~ey of the United Statos advar~eed by the ~ !.".ORTGAGeE unw the MORTG/1GOR. ~s evidenced by • ceriain pron?issorY note of ever+ date herewith, of which the foliowin~ in vwrds and figures is a true copy. tawif: ' f N,. ------~-9~!9'7 ~ s 1~, SOQ. oU ~ Vero Beach. Fbrida. • - ---~G~I11~~' ~a----- - 19_~6_ ~ For value received 1 or we jantly or severally p~omiu to pay to FIRST FEOER/U. SAVINGS MIO IOMI ASSOCIATION OF IN~IMI RIVER GOUNTY. the sum of =._12i 5~. at its offioe in Vero Beath, Flaida. with tnterest at the nte of___.6__9 ' per qnt per arv?um, in the folbwin~ manner: s._~2~~~___ upon the first of each and every month hereafte? unNl the full principal wm. with interest, has been Wid; sa~d r„onth~y payrnents shail be spplied fi~st to the payme~t of interes* on the unpaid balance. and then xo the psyme~t of qincipal. This note is negotiable and if default in payment occurs„ maY be Plxed ~n the ha~ds of an attomey at law for collection- in which event 1 w we agrea M pay the costs of collection. including s reasonabk attomey s fee. and each of us, whether maker. gwrantor w erdorser, hereby seve?ally waives dernand. natice of non-payment arid protest of this ~ote. js~David_ G.--E._-Morrison _--_--------__cs~n ` _./_~~~L~~y__~.1Y~4i'~s4n --cs~a In the event aMr Wyme~t is not made Rrio? to the 20th daY of the month when due. then this note shsll bear interest at the rate of 8.4 96 fram the date amr wd+ payment betame due and throughout the period of wth deli~quency. State stamps paid and cancelled on original of !his note in the amax~t of 5.~,~,1~----._ . NOW. THEREFORE, the MORTGAGOR for the purpoae of securing the payment of the said sum of S_--~Z~.~QQ-~-QQ--- and the : perforr~snce of the covenants and agreements hereinaftsr ~xprased. and for divers good ared valuable tonsiderations. by these presents. does ~ grant, bargain. sell. remise, rek+ase. conreY a~d confimn unto the MORTGAGEE its wccessors and assig~a, all that certain lot, piece or parce~ of land, sitwtt, lying and being in the County of ------St. L11C~1 and State of Florida, described as folbws: ' Commencing at the Southeast corner of~the Northwest quarter of Northwest quarter of Section 33, Township 35 South, Range 40 East, run West 7 chains; thence run North 20 chains; thence run East 1 chain; thence run South S chains; thence run East 6 chains; thence run South 15 chains to point of beginning; containing 11 acres, more or less; AND ALSO: Commencing at the Northeast corner of the Ncrthwest quarter of Northwest quarter - of Section 33, Township 35 South, Range 40 East, and run South S chains; thence run West 6 chains; thence run North 5 chains; thence run East 6 chains to point of beginning; containing 3 acres, more or less; EXCEPT the North 150 feet of the South 990 feet of the East 125 feet of Northwest _ quarter of Northwest quarter, Section 33, Township 35 South, Range 40 East, in St. Lucie County, Florida, which said property is otherwise described as Lots 5 and { 6 according to unrecorded Sketch of Survey made by T. H. Deskins, Jr. , Registered ~ Land Surveyor, March 7, 1957 . togetF~ with all and singula~ the tenements, her~taments and appurtensnces thereunto belonging or in anywise appertaining thereto. and ~ all rents, issues. proceeds and profits aocruing and to actrue fran said premises. all of which are inclided in the sbove and foregoing de- scriptiOn and llabefldum. TO HAVE AND TO HOLD the above de3cribed and granted prem'~ses unto the said MORTG/1GEE. its wocessors and assigns forever. And the said MORTGAGOR for__ ~e~__.F~eirs, executors, administrators and assigns, hereby cwenants with the said MORTG/1GEE, its sutces- ? sors and auigns. that__~_ ~e~/_ are -------------lawfully siezed of the said precnises in fee simple; that the same are frea, clear and ds- charged fram all liens and encvmbrances in Izw or in e~ity. and that--_------.~1~3[_---- will and -LllelL--- heirs shall warrant and ~j defend the title to the same to the said MORTGAGEE. its wccessors and assigru. forever against the lawful ctaims and dernands of all pe~sa~s; PROVID~D, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the prornissory note hereinbefore described. and snall truly. Promptly and fulfy perform, discharge, execute. oomplete. comPH with and abide by each and every the stipulations. agreements. conditions and caver~az?ts of said promissory rate and of this Mortgage. then this Mortgage and the Estate hereby created shall cease and be null and v~ad IT IS UNDERSTOOD that the word "Mortgagor' whether in the singular or plural anywhere in this Mortgage, shall be singular if one only and s.hall be plural jantly and severally if more tfian one, and that the word "Their" as used anywF~ere in this Mortgage shall be taken ro mean "his," "her~" or "its," wherever the context so implies or admits. Also. that wherever there is a reference in the oovenants and agreernents herei~ contained !o any of the parties F~eto, the same shall be construed to mean as well as the heirs, legal representatives. wo- ceswrs and assigru (either wluntary by act of the parties or inwluntary by operation of the (aw) of the same and that the covenanfs herein cmtained shall bind and the benefits and adva~tages inure to the respective heirs, legal representatives, successors and assigns of the parties hereto. And said Mortgagors. for themselves and their heirs, legal representatives, suctessors and assigns. hereby jointly and severally covenant and agree to and with the said MORTGAGE~, its successors and assigns: l. To pay all and singular the principal anc interest and the various and sundry wms of money payable hy virtue of said promissory x`~ note, and this mortgage, each and every promptty an the days respectively the same seve.ally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligatioru and intumbrantes of every nature and kind now on ~ said described property. or that hereafter rt?ay be impoaed, wffered, placed, levied, or assessed thereon or that hereafter may be levied or ~ ass~sed upon this Mortgage, or the irx~ebtedness sewred hereby, each aod every, when du~ and payable according to law, before they !~e- o~me deiinq,~ent, and before any interest attaches or any penatfy is ina~rred; ar~d insotar as arry thereof is ~t record the same shall be promptly ~ sa; ~sfied a~d distharged of retord and the original official document (wch as, for instance, the tax receipt or the satisfactian paper officially endorsed or certi:ie~ shall be placed in the hands of said MORTGAGEE within ten days next aher payrr?ent; and in the event that any thereof is not paid, satisfied and disclwrged, said MORTGAGEE may at any time pay the same or any part tF+ereot without waivi~g or affecting any cption. I:en. equity. or right uncier or by virtue of this Mortgage. and the full amount of each and every such payment shall '~e immediately due and payable and shall bear interest from the date thereof until paid at the rate of six and~tl,elneths per centum per annum and together ~ with wch interest shall be secured by the tien of this rreortgage. 3. To Qlace and tontinuanly keep on tne buildinqs r~w or hereafter situated on said land and o~ all equipmeni and personalty cov- e:ed by th:s rmrtgage, with all premiurm thereon ~wid in full, fire inwrance in the usual standard polity form, in a wm approved by the ~4iOR7GAG~E, and twnado inwrance fihe usual standard policy form.in a wm approved by the MORTGAGEE, in wch company or tompanies as the MORTGAG~E may dirett; and all fire and tornado inwrance polic~es o~ 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 clavse or wch other clause as fhe Mortgagee may ?eQuire, making the bss ~x~der said policies, each and.every. payable to said MORTGAGEE as its interest may appear, and each and every ~ such policy shall be promptly assigned and delivered to and held by said MORTGAGEE as further security M said mortgage debt, and, n~t less than ten (1 Qf days in advance ot the e~iration of each policy, to deliver to said MGRTGAGEE a renewal thereof, together with a reteipt ~ for the premium of wch renewal; and there shall be ra fire or tomado inwrance P~aced a+ 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 betomes payable unde~ wch ~t! 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