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HomeMy WebLinkAbout2614 'I~is Instrument was prepared by George Heath of Smith, Heath, Smith & O'~j,~~,.Attorneys at Law, 2205 - 14th Avenue, Vero Beach, Florida. 1b'r b1 THIS INDENTURE, Msd~ tF~e_.._ 7th~..__._ Uay of ._~_._MA~?~-------_------ •__T__~T__. D. 1~8 . b~tweea _ _West.Side_Bapt~t..~hurch_of Fort Pierce~a_Non~Profit_.Florida_corporation____.__..____~.....__~_ of _~U~~e._---- • Couny. Florida. heninafttr d~si~natod as the "MORTWGOR.•• and FIRST FEOER/1L SAVINGS MID ~ LOMI ASSOCIATION OF INDIMI RIVER COUNTY~ a corpontion o~,x?ised and existin~ und~~ the laws of tM Unihd Stat~s of M~s~ia ~nd I+~vin~ its principal plste of busin~ss i~ the City of Vero 8sstt?. Indisn Riw~ Cownty, Ftorida, he~Nnsker dasi~nated as the "MORTG~?GEE" ~1{~tE~~F~ MORTG/1GOR is just!~y tq~~ MORTWGEE in the o~__Ele~en .'Iho~~a~t~,__.~~~._~_~~lred ---anCi-No~1Ul1----_-- . cs-~11';~~.-L)!.1'_a oalan, ~ooa .,+d awl~,~ mon.v of th. u~~r.d ststa .d~?~e~! b~? th. MORTG/?GEE to tM MORTC/1GOR~ u evid~nced by s certain pomissay note of wan dste h~rowith, of which ths folbwin~ i~ words snd fisuros is s true copy. f0-wit: 10225 + S ~~,_~_Q0._QQ.-- No. - f Vuo 8exh. Florid~- I11~8~ 7: 19_~. For value rcceived 1 or we iaetiy or seve?ally promise to pay to FIRST FEDEit/U. SAViNGS AND LOMI /ISSOCI/1T10N OF INDIMI R1VER COUNTY. the wm of S_~ ~a-~~1_~ st its affios in Vero Bsach. Florids. with t~t~rut at th~ nb of 6s~---------.. per pnt psr amum. in the follorvin~ r~ner: ?:ursi=QQ___._ upon the Hrst of ead+ and every month henesher until the full principal wm, wiM intemst. hss baan paid; said ma+thty ts• "sh~ll be applied Hrst to the payment of interest on the w~paM balsnce, and then to tM payment of pri~cipal. i'~~ 1~{:T~tQotisbk and if defsult in WYme~t oocws. msY be Plaoed in the hands of an attorney at Isw for coitection. in whith every~` os tK1e~.{o~y tF,e tosts af collection. includin~ a reasonabk attomey's fce. snd h of whether ker, rantor w ?~eb~~.~rally wsive~, ds~i~yrtd, notice of ~-~~r p~~ of ~r,~: ~te. West S~de ~'aptist C~urc~i of Fort ierce ' M - = - - By~~s-/~llilliainp~_ Ke11~Y- --cs~n ` : :•.~(~~o~ate Seal) -Pre~~dent ~ . - Attes.~ ~s_/_Floy.d G.._YQUng ts~n "~n thp evant uq1~ piya~ent is not made pNor to ths 20th day of the month whe~ due. tF~ this note shall~ te esa t~it the nte of 8.49(~ frqh.ths dste.~i~y'auch DaYn+ent betame due and throughout the period of wch delinQue~cy. ~"St}te ad+1'?ps ~iid and car+celkd on ai~inal of this note in the •mount of ;1Z_s~~~----.- NOW. THEREFORE, the MORTG/IGOR for the purpose of secuNng the payment of t1~ said sum of =~_SQQ~ QQ snd ths performance of the covenants and agreeme~ts Frereinaher expressed. and for divers good and valusbis cansiderations. bf? these Prosents. does grant, bargain~ sell. remise. release. convey and confirm ~ro tfie MORTWGEE its wocessors and assip~s. aN that certain lor, piece or parcel bf land, situate, lying and bein~ in the Couny of -----...?5~... ~,..UGle._------- - and Sbt~ of Florida. described u folbws: Parcel #1: Lots 1, 2, 3, 4, 5, 6, 7, 44 and 45, of Block C, EXCEPT the West IO feet of Lots S, and 7, of Block C, according to Plat of West End Addition, Fort Pierce, Florida, which said plat was filed March 18, 1912, and recorded in Plat Book 2, page 5, public records of St. Lucie County, Florida, Parcel #2: Lots 8 and 9 and the West 8 feet of a vacated alley adjoining thereto, and Lots i 4 an and the East 8 feet of a vacated alley adjoining thereto, all in Block C, according = to plat of West End Addition, Fort Pierce, Florida, which said plat was filed March I8, 1912, recorded in Plat Book 2, page S, public records of St. Lucie County, Florida, AND TOGE'II-~ER with all the furniture, furnishings, fixtures, appliances, utensils and equipment now in the buildings located on the above described property and all the furniture and furn- ishings, fixtures, appliances, utensils and equipment which may be placed in said buildings while any sum secured hereby remains unpaid. This is a second mortgage~as to Parcel #1, s~ubJ' ec~t to mor~~e13 xecua ed b Mortgagor to Mo tgagee, dated Februar 11, ~66, recorded ' O. R, rc $ p~e ~~3, public records ~ of ~t, uci Coun Flo 1 an by a ement tween the parti~s, ai two mortgages are ~ e~~~ a~~~At1S~~e 3~llS~ilell OTI S~~pY~Y'L~I 8 8 nYwise appertaining thereto, and 8 gu ar t~r~er~n~ reditartxnts a appt~r es t~ietee~to belon ln a in a all rents, issues, proceeds and profits actruing and to aocrue from said premises, alI of which are included in the sbove and foregoing de- scriptian and h~iber~un, TO HAVE AND TO HOLD the above described and gra~ted premises unto the said MORTGAGEE, its wcce~ors snd usigns forever. successors And the saiA MORTGACOR for_1~~.__~¢~ executors. administrators and assigns, hereby oovenants with the said MORTGAGEE. its succes- sors and assigns, that . 1C_1S ______.________~~~lawfully xized of the said premises in fee simple• tha t re free c(wr and dts- . ~u~~s~ors ' charged from all lie~s and entumbrances in law or in equity. and that---- lt will and _1tS1 F~,shall wamnt and defend the title to the same to the said MORTGAGEE, its wccessors and auigns. forever against the lawful claims ard demands of ail persons; PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbeforo described, and shall truly. Promptiy and fully pe?form, discharge, execute. complete. comply with and abide by each and every the stipulatiorn„ agreements. conditions and covenants of said promissory note and of this Mortgage, then this Mortgage a~d the Estate hereby treated shal! tease and be null and va~l IT IS UNDERSTOO~ that the word "Mortgagoi ' whethe~ in the singular w pluial anywhere in this Mortgage, shsll be singular if one only and shatl be plunl jointly and severally if more than one, and that the word "Their" as used anywhere Fn this Mwtgage shall be taken to mean "his," "her," or "ifs," wherever the context so implies or admits Also, that wherever there is a refere~ce in the covenants ard agree~r~ents herein contained to any of the parties hereto, fhe same shall be construed to mean as wep as the heirs, tegat representatives, suc- cessors and assigns (either voluntary by att of the part+es or involuntary by operation of the law) of the same and that the tovenants herein conta~ned shatl bind and the benefits and advantages inure to the respective heirs, legal representativa. wccessors and assigns of the partieS hereto. Md said Mortgagors, for themselves and tFKi? heirs, lega! representatives, succeuors and assigru. hereby jointly and seve~ally coverwnt and agree to and with the said MORTGAGEE, its sutcessors and assigns: - 1. To pay all snd singular the printipal and interest a~d the various and wndry wms of money payable by viMve ot said promissory nore, and this mortgage, each and every p?omptly on the days respectively the same severally become due_ 2. To pay all and singular the taxes, sxsessrt~ents, leries, liabilities. obligations and incumbrances of avery nstun and kind now on said described property, w that hereaher msy be imposed, wffered, placed, fevied, or assessed thereon or that hereaher may be levied or assessed upo?? this Mortga~e, w the indebtedness secured hereby, exh and every, when due and payabk according to law, before they be- ceme delinquent, and before any interest attxhes w any penalty is incu~red; and insofar as any tF~ereof is of record the same shsll be promptty satisfied snd discharged of record and the w7ginal offecia! docuresent (wch as, for ;rutance, the tax reteipt o~ the sntisfaction paper officially endorsed or certified? shall be plated in the hands of said MORTCAGEE within ten days next after payrnent; and in the event that any thereof is not paid, satisfied and distharged, said MORTCAGEE msy at any time p~ay the same or any part thereof without waiving o~ affett)ng sny op!ton, tien, equity, or right under or by vi?tue of this Mortgage, and the full amount of each and every wch payment shall be immedisteiy due and payabk snd shall bcar intercst from the date thereof until paid st the -ate of siz and~tenths per tentum per annum and together with such interest sh:U be secured by the !im af this mortaage. ~ne 3. To plsce and continuously keep on ths buildings now or hereafter sitwted on ssid b~d a~d on all equipment anA personalty cov- ered by this mwtgsgs, w3!fi all prem;ums thereo~ paid 'en full, fire inwrante in the usual standard poliq form, in a wm approved by the MORTG/1GEE, s~d tomado i~wrance i~ the uwal stsndard poliq fo.m,;n a wm approved by the MORTGAGEE, in wch cary~sny or cornpanies as tF?~ MORTGAGEE msy direct; snd all fire and tornado iruursnce polities on a~r of ssid bui{din~s, smr i~terest therein or parf tfiereof, i~ the aggreeate wm sioressid o? in e~ccess tF+ereof, shall tontain the uwal sbndsrd mo.tgagee clause or such ofher clause as the Mort~a~eee maY ~equiro. n+skir~ th~ loss under ssid policies. each ana every. paysbb to said MORTG/1GEE ss ifs interest may sppear, s.id exh and every wch pot~cy shsll be promptty +ss;p,ed snd delivered ro s~d hetd by said MORTGI~GEE as fu.the~ security to ssid mort~ag~ debt. ard, not ~eu tMn ten (10) dsys i~ advance of ths e~intian of each pdic~, to deliver ro said MORTGJIGEE s renewal thereof, tojtthtr with a noeipt - to M. H+~ Wrmium of wch ?i:~ewsl; and there shall be no fire w tomado inwrsnce placed on sny of said buildings. any interest therein w part the.~of, ~mkss in the (am snd with tF+~ bss payabk as aforessid; snd in the ~vsnt ~r?y wm of money becanes psyabk ~x~der such ~F~RC-2S1-1M-6-67-M ~rr~~ vw~ ~~~K - a. - - - - ~ . . . , x.w:~