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Home My WebLink About0995 • i V~V.~.vv ~ } . • } i ~ THIS INDENTURE. M~. rr~~ 19th ay of.-__:__Ia?~.~.r~ ----j,r~,:.--- A. 19 67 . betwcen~\ TRAUB ENTERPRISES~ INC._~a_ Florida co~oration___ ~ _ ~ of-----~I~__j..~l~~--•.-- Cqx+ty. Florids. heroinsftsr desi~nated ss tM "MORTGAC~OR.•• and FIRST FEDER/1L SAVINCS MID LOMI ASSOCIATION OF INDIMI RlVER ~OUNTY. s corpontion o?ganized snd exlstin~ under the law: of th~ Unitod States of lln~ica a~ul having its principal place of business in ths City of Vero Beach. Indian Rive? County, Florids, hereinafter designated ss ths "MORTG/1GEE" cog ~ ~ MORTWGEE tr~ ~of ~1en~T3ix_ah~and, Five Hun '~_'~~c#~id"f cs ~U~JW.`OdtQ ~ oaurs. eooa ~nd la,ufid mo~.,, of the u~~tea s~bs ~a,~,~aa b~? N+: MORTWGEE unro the MORTG/1GOR~ as evida+ced by a cerhin promissory note of even date herewith..of .whic~j~q folbwir?~ in wads and fitures is s tru~ topy. to-wit: . • S 26~544, 00--- . ~ ~ ~ . : ` • 9~4 ~ • . . - ~a---------------- - Vero 8e~ch. Florid~. ___~anuarY_.lg~ 19 67 Fa value received 1 or we ~ointly or sevenily promix to paY ~ FIRST FEDERAL SAVINGS M10 LOMI /1550C1/1TiON OF INDIAN RIVER COUNTY. the swn of ~~?~~Q, at Its offics in Vero Beach. Fbrid~. th i ~i~~of_ 6. 9 ~er oer+t per smum~ in the followin~ nanner f ~ t..t :ry . -t:U~1:~D S~e upon tF+e Hrst of each and every month hereafter until the full principal wm. with interost. hss been paid: said monthly payments shall be applied first to the payment of fnterost on the urtpaid bsbnoe. snd t1~en to the payme~t of pNncipsl. This nota is ~~egotiabk and lf dehult tn payment occura. m~y be placed in ihe t?ands of an attorney at law for colletttor~~ i~ which eve~t I or w~e sgrae to psy the o~sts of colicttion. inciuding a roasonsbb attorney's fce, snd of us. whether m~ker, guacintor or endorser. hereby severally waives de~nand, ~rwtice of non-psyrnent and protesi of this note. Traub~DCerp L~lses, Inc. -~s~-_Edward B. Traub___.~_~~~~res~a (Corp. Seal) . --~~~e1.M._Tx~~. ~ cs~.n In the event any psym~nt is not nwde priw to ths 20th day of the mar?th wtien due, thee this note shall bes~ irit'ars~s~ xite of 8.4 46 from the d~ts srey such payment became due a~d throughout the period of wd+ deitnquency. State stamps paid snd cancelled on origins! of this note 1n the amcxmt of ;3~•75 NOW. THEREFORE. ths MORTCAGOR for tha pu?pose of secu~ing ths payrrKnt ot ths ssld wm of s~ 26• 5~• ~ snd the performsnce of ths ow~ensnts and ag?eemants hereinaftsr expnss~d. and fu divers ~ood and valwbb oonsideraNons. bY these Prasmts. does grant, bargain. sall. remisa. release, convey and confimn unto the MORTGAGEE its wocessors and ssst~ns, all thst ceriain lot. pieoe or p~srcel ot _ land, situate, lying snd beir+~ in the Couny of _ St. _:LUClE-------------------,_ srd State of'Fiorids. described ~fQltows: Lots 4 and 5, Block 2, J. S. KEEN'S SUBDIVISION, according to Plat thereof recorded in Plat Book 1, page 41, Public Records , ~ ~ ~ of St. Lucie County, Florida, AND ALSO ~,i ~ ~ ~ ~ = z ~ ; 1~ Beginning at the Southwest corner of the above mentioned Lot S, 3 + -4 run West 10 feet• thence run North arallel with the west line of '-`i` + ~ P -r'`'~~' i~~~ said Lot 5, 150 feet; thence run East 10 feet to Northwest corner ~h G , ;.,1< < <t ; i" ;~r,~~ of Lot 5, thence run South along west line of said Lot 5, 150 K N o o feet to point of beginning h r~ ~ ~ • ~ ~x_; ~ ~m Less an d except t he Nor t h 2 0 feet o f property. ~ ~ ~ ~"Ifuuum~a c~ ~ y ~ ~t ~ ~1Nno~ x' :;I~tll '1S ~cn~~C 8 S~ ~ ~ togetl~ with al) snd singular the tene~r~ents. hercditaments arid sppurtensnces thereunto be(onginQ or in snyvrise sppertaining therato. and ~ att ~ents. iswas. proceeds and profits actruirtg and to stt~ue from ssld pranises, all of which ara incl~ded in the above and foregwing de- ~ ! scription and habend~pn, ~ I TO HAVE /WD TO HOLD the sbwe datribed and grantod promises unto the said MORTG/tGEE, its wocessors and aulgns forever. ~ successors ~ ~ And the said MORTGAGOR for__l~__~i~acetutors. sdndnistnton ard assigns. hereby covenants with the said MORTGAGEE, its woces- ~ ~n ~t-- - lt 18 Iawr(ully siezed of the said premisa in fee simple; that the same are free. clear and dis- ~ ` succes o s ~ ~ charged fran aN liens and enpur~bnnces In law w in equiy, and that----~- wiii and ~t~----- ~ shall wam~t and defend the title to the same to the said MORTG/1GEE. its successors and assigns, forever against the fawful ctaims and de~nands of sii perso~a; PROVIDED. /U.WAYS that if the MORTGACAR shall pay unto the MORTGAAGEE the promiuory note hereinbefore dauibed, and shail truly. Worr+Pt~Y and fu1~Y Pe?form, dlsthar6e, ex~ut~. oa+~Pkte. ~on'W~Y with a~d abide by exh and every the stipulations, agreements, conditions and covenants of said promissory rwte and of this Mortgage. ther? this Martgage and the Estate hereby created shall cease and be null and voicl. IT iS UNDERSTOOD that the word "Mortgagor" whether in the singular or plunl anyv~A~ere in this Mortgage, shall be singular if ons ~ only and sF~all be plural jantiy and severally if more than one, and that the word °Their" as uscd anywt~ere in this Mortgage shal! be taken to rnean "his,,• ••her,•• or ••its,•• wherever the context so implies or admits Also, that wt~e~e~rer there is a referer~ce in the oovenants a~d 7 q agreeme~ts Fierein tantained to any of the parties hereM. the same shall be oorutrued to mean as well as the heirs, legal representatives, wc- ~ cessors a~d assigns (either votuntary by att of the parties or inwiuntary by operatiort of ttie law) of the same and tFwt the oovenants herein : contained shali bind and the benefits and advantages inure to the respective heirs. legal representatives. wccessors and assigns of tF?e j parties hereto. ~ And said Mortgagors. for ti~emselves and their heirs, legal represe~tatives. successors and assigns, hereby jantly and severally covenant and agree to and with the said MORTGAGEE. its successors and assigns: ~ 1. To pay all and singular the principal and interest snd the various and wndry wms of rrio~ey payabk by virtue of said promisswy note, and this mortgage. each arxi every promptly on the days respectivey the same severally became due. ~ 2 To pay all snd singular the tazes. assessrnents, levies, liabilities. obligations and incumbrances of every nature and Wnd now on ~ said clescribed property~ or that hereafte? may be imposed, wffered, piaced, levied, or assessed thereon or that hereaffer may be levied or ~ assessed upon this Mortgage, or the indebtetiness sewred hereby. each and every, vvF+en due ard payable according to law, before they be- s come delinquent, and before any interest attathes or any penalty is inwrred; and insofar as any thereof is of record the same shall be promptiy satisfied and discha~ged of racord and the original ofHcial document (such as, for instance, the tax receipt or the satisfaction paper official ~ endorsed or certifie~ shall be placed in the hands of saW MORTGAGEE within ten days next aher payment; and in the event that a~y there f ~ ~ is not paid. satisfied and discha?ged, said MORTG/1C.EE msy at any time pay the same or any part thereof without waiving w affecNng any ~ option. lien, equiry, or righi under or by virtue of this Mortgage. and the fu~l amount of each and every wch payment shsll be imn~edlately ~ due and payable and shalt bear interest from the date thereof until paid at the rate of six ard~tenths per centum per annwn and together with such interest shatl be secured by the lien of this ntortgage. n e ~ 3. To plxe and oontinuaaly keep on tha buildings now or hereaher situared on said land and on all equiprnent and personalty cov- ~ ered by this mortgage, with all premitxns thereon paid in tull, fire inwrante in the tnual standard polity form, in a sum approved by the ~ MORTGAGEE, and tornado inwranoe in the usua! siar~dard polky form~Fn a wm appraved by ihe MORTGAGEE, in wch company or oompanies as the MORTGAGEE may direct; and all firo a~d torrwdo inwrance policies on any of ssid buildings, any interest therein or part thereof, in the ~ agg~egate wm aforesaid or in excoss thereof, shall conhin the uwal standard mortgagee clause or wch other clause as the Mortgagee may ~ require. maktng the lo~ iw~de~ sald polities, each and evsry, payabk to said MORTGAGEE as its interest may appear. and each and every ~ such policy shall be promptly assigned snd delivered to and held by said MORTGAGEE as further" security w said mortgage de~t. and, nat less than ten (10) dsys in sdvance of the expiration of exh poliey~ to deliver to ssid MORTGAGEE a renewat thereof. together with s reosipt for the ~emium of such ro~ewal• and thero shall be no fi~ or tomado irnunnce plsccd on any of said buildings. any interest therein or ~ part thereof, unless in the tam and with the loss payabk as aforesaid; and in the event~any wm of monry betornes p~yable ~~nder wth ~ ~F~RC.-ssi-~M-s-~-M 60QK~~ PAGE ~ `~%~a,~~' b-``~~'Ct ~ ~'c~'~~ - . • _ _ _ _ - J~~ ~ys,;s,~'u . a