HomeMy WebLinkAbout2603 . _ ~ ~ : ~ '~:~1 1."71063
TMis ~NO~vaE. M.e. ~+»_._23rd__. o.,, o~ ~.Ptember , a~96$. ~w.«+
-_~L.AUDF_A.__CL.EF1'~tnd_I~tLARj~RIE G~_C~~I~I.,_ h ~ w~
of_~Z. ~UC~4'~~_ Cam1y. Florid~. l~+~fta d~M~t~d as tM "MORTGA~OOR" ard FIRST FEDERAL. SI?VINGS IW~
L0/1N /1SSOCI/~TION OF INDI/1N RIVEJE GOUNTY. aoo~pot tia~n af~r+lad ard ~xktin~ undK 1M Isv~ of th~ ~kdt~d Stat~s of /~m~rka
and htvl~ ib P+~WI pl~w of butinps i~ th~ Gty of Veto BMd~. Indlsn Riv~ Ca~nty. F{orid~. htrNn~ft~ d~si~nabd as th~ "MORT~('il1f~EE.••
_ wH~?s Moa~r,~ooR a~ MaeTC~ ~.~~~--~.~_'~-~~ns~.I~l_00
c_ :.L~_~._a od~.a. e~d «?a awfu~ ma,.,? o~ 1+,. unn~.a saR.. .er«+o.a a,? N»
MORTW1~iEE unto fM MORTGNOOR a~vW~nod bf? • oKtaie Orani~aY not~ of w~n datt h~nwith. of whkh ~th~ folbwin~ in wadt
ard A~u?~ is a tew aopy. to-wih T~,~
, . • _ 10L'~6~
:_14.~S1U.p._Q~ .
V~ro 8~a~h. Florid~. 19.~
Fa va!w ~~csiwd 1 or wt i~ntly or s~wrslyr proeNss to p~? to FIRST F~ER/1t. SAVIPKiS /11~A LA/1N AS90CIATION Of It~OUN
R~vet ooui~rnr. eh. a.n ot s14.,_,_._000. 00 at ns off~o. i~+ v«o e..d~. Flor~d.. w~th intwwt at eh. ~se. oi
oK a~nt Pu ~nrwn. in ttr iollo~wi~y nwew»r. - ,
~.1.].1..-(~-- ~Pa+ th~ 8~st of esch ~nd ~y month MnaftK untii th~ tull princ~al wm. with int~r~st. h~s b~+ pNd; ssid
monthly psynwnfs shdl b~ aDPINd fiat to the payrnent of int~t on !h~ unpsid balano~. and th~n b th~ p~ynNM of ~p~l.
This nol~ is neQotiabN and if d~isult in p~y~mnt oocu~s. m!Y.b~ P~+~ in th~ F~ds of an sttarey at Isw for aolbetion. in whkh
ewnt 1 or vw s~n~ to psy th~ ooats of oolNeNo~. M~ck+di~ a nsso~bi~ atta~ey's 1+~. snd ~ad~ of us~ wt+~th~? m~1cK. N~rsntor or ~dorsK.
?~enb~? t~wr•Iy w.tws dM++a~+d. nottw of non~o~vnNnt aed prohst of th4 ~ot+. -
_~s~Qaude A~ _Qefton --------------------cs..n
• ~s.~ltarjorie _~'Z_._ Clefton cs..u
In tM wu?t any p~yn?ent is not ~nds prior to th~ 20th d~y of tM month wFMn dw. tMien this rats s1~11 bar intenst at ths nb of
8.~~ fian th dat~ sny such psym~nt bec~nr dw and t1~ou~aut th~ pariod of weh delinqu~.y.
Sbt~ stamps D~ld a~d cancelkd on ori~ioal of tfiis no» in th~ smamt of =21: -
NOW. THERffORE. tM MORTGNOOR for the p~uposs of seaxinQ tM WYment of th~ ssid sum of ;_~.4s.~Q- ~ and th~
perto~m.not of the cov.nants and atro«n«+n t~aretnattar and for diwfs e~d and vak~sbi. ao~idsntto~s. by tt~ p+sa+a. does
arant~ bsrain. sdl. remise. rols~s0. ~~?eY and oonfimn unto~
TCIIGEE its woosssas and asst~ns, sll that osrtab+ lot, pleos or psral of
lana. situs~. hr~r+g ana bNns N d,. counn? ~f ~__~t. _
LuC~ie - .~a stsb of Flo~ia.. ~rib.a as follovrs:
Beginnit~g on the West shorc3 of the Indian River and the so4th- line-of the southerly 200 feet
of ohe Northerly 380 feet of that part of Section 4, Township 3~ South, Range 41 East, as
described in Deed Book -149, pages 73-75; thence Southwesterly along said South line
225 feet, more or less; thence Northweaterly parallel witti Indian River Drive 86. 89 feet;
thence Northeasterly parallel with said South line, 225 feet, more or less, to the West
shore of the Indian River; thence meandering the West shore of the Indian River South-
easterly to the poin~of beginning, LESB AND EXCEPT right-of-way for State Road 707 or
Indian River Drive.
Said above described land comprising Tract "B" and a part of Tract "O" as per Survey
reoorded in Deed Book 222, page 198, Public Records of St. Lucie County, Florida.
'ltsis iastrument vas prepared bq Michael 0'Haire ~
of
I~ Smith~ Aeath~ Smith 6 0'Haire, Attorneqs at Law~ P. 0. Box 518~ Vero Beach, Fla. 32960
~ to~eth~r with all and sk~ulsr the tensnwnts. Mre~bments and appntenanoes thereunto belo~tn~ or in snywiss sppe~tainin~ thereto. snd
~ all ~ts„ issws. pi+ooeeds snd pofib saruin~ md to aarus fian said pnmises. all of which sro inckded in fhe above and iwe~oin~ df-
scription and I~berKliNn.
TO H/1VE /WD TO HOLD th~ abovs desuibed and ~~M~ed Pr'~mises unto ths ssid MOR7GIlGEE. its suowssors ard assi~ns fotever.
Md th. said MORTGIIQOR fortheir t.~^ ~as. adeMr~ators and assi~ns. hereb~f? oovananrs with the ssid MORTGAGEE. irs wooss-
so.s and sssipns. thst--~._~y~.~e Iswfuly seiied of tM said pr~mises in fse~ simpk: that ths ssms sro fros. clsu ard ~s- .
chs?Nd f~om sll Uens snd ~nan+bnnoes 1n Isw or M equitY. snd thit----I~;t_-----_ wili ard ---~lell ~ heia shall wsnant snd
defend tht titb to ths sarr~ !o th~ said MORTCJ~CEE, its woo~ssors and assi~ru, iwawr sair~st the lawful cisims and danr~dt of sll ptrsons:
PROVIDED, ALWAYS thst if the MORTGJ1fiOR slwll pay unto the MORTGACEE the prorrdssory nols hereinb~fon desuibed. and
ca+dit
o
n~ of~ p~i~o~nisson? n
h~ an~~tNs Mort~e~
,~tF~ Mds Mortp~e a
d the Estste~F
eiby cnat~id sh~it
tesse~snd
bt
rwll and wtA
IT IS UlIDERSTOOD tFnt the vwrd "MaiQa~or" wF~ethet in the sie~ubr orpI~rsl anywhere in this Mort~s~s. shall be sk~ubr if ont
ony and sFisll bt plural jointly ~nd sevenlty if more than one. and that the word "Their' ss used snywhero in this Mortp~e shall bs tsken
ro rnan ••his.•• ••Fw~ • w"Hs." MA~eraver tfie oonMxt s~ implies or sdmits. /11so. th~t wherewr thsrr is a rofere~o~ in tM ao+renants and
a~reements h~rein oontsin~d to arry of tM p~rties 1+ereto. th~ same sFall be oonstrusd to mean as well ss ths heirs„ {epl rpresenbNves. wo-
cessors snd sssip+s (~iMer voluntsry by att of ths w~s or inwiuntary bY op~r~tion of the Isw) of tt~ s~rrr and thtt th~ oovenann herein
oo.~tstrwd shsli blyd snd th~ ben~fits and advantsps inure to the rospectivr hsirs. i~~ rqx~essntati~res. wooessors and a~i~u of th~ .
partias hantn. .
Md ssid Mort~asors,, ior tl~ms~lvas and tF»ir hsirs. IKa~ ropr~athr~s. woo~ssors snd aait~ l~h and s~wrally oov~nant
ar+d a~roe to and with tht ssid MORTC,AC,EE. its suocesson s~d assi~ns:
~ 1. To p~y all ard si~ular th~ p~ineipal a~d inhnst snd ths va?ious and wndry s~xeis of er~a+~Y D~ bY D~1~
notr. and t1~is mat~. ~sch and ~very p?aenptl~r on a~ d~ys resv~tv~iy tM san,e s~wraly b~oorr» dw.
2 To psy ail ~rd sin`ular th~ tnas. ~na~ts, levi~s.lisbfUtla. obilptions and Inaanbr~w of rwrl? ~rtun +~d kind now a+
said d~scrib~d vrooe~b. or tMt Mre~ftK n+~Y b~ M+Pasd. wffwd. Plxad. bvi~d. or sssessed /M~eon or that hKwfter mqr b~ Iwi~d ar
assess~d ~~on this Mortsap. a Nr ind~bt~drNSS ~csrsd F~~b'f~. ~ach and ~very~ wFien dw ~nd paysblt aooordi~ to law. befor~ tF+~y be-
conr dtli~xnt. and btiw~ sny inf~nst attscl~es or~n~rpanaIty is incurnd; and insohr as ~ny thefwt is of noord tM samt shail b~ p~omptly
saHsfid snd diseh~i?~d of reoord snd th~ ori~iryl offkial oa cu~r~e+t Lweh +s. for inst+no~ ths tax ?eoMPt or tM sttisfattloe P~P~? offkislt~l
endorsd or artifi~ shsll b~ pl+c~d N th~ hands of ssid M~MTGNGEE within ten dsys ~ct after p~ynwnt; and in th~ awM that any Nrrwf
~s not pW. sstisfi~d and ~d. ~d MORTGAGEE msy ~t any tim~ pay tM s~e wa~? part tMrwf without vwivin~ w af~~+r+1? ~
optior+. Ua+. puitY. o~ ri~htd~~ur+d~r a b~r virtw of this Mat~ap. and ths iull smount of ssch and even? wch Wyn~nt shdl b~ i tely
due and pa7rabb and sF+~lt bea~ inbnst fron+ tM datt tMrrof umil p~id ~t th~ rste of qc and ~ PK antun pa ~ruwrn ~nd topthe.
with ~uch inhnst shdl b~ t~px~d b~? tM lia~ of Ihis mortpp. BeVeD Oil@-(~USZL6T
3. To plso~ and aontir~aey? k~sp on tM buildi~p now a ha.~rfbr s~tuat~d a+ ssid la~d ~nd on all ~ and p~norn~t~r co+?-
~rsd b~r tMs ~ap. wIM+ all pnn~iums tlrnon p~id M iuil. 1ih insu?ana~ In th~ uwsl standa~dp ky fo?m. in a s~wn approMd b~r th~
MORTGI~GEE.~and tanado Imwsna in tF» uswl stsr~ed Pdit~? farn.in a suen approwd b'Y tM MORTdGAGEE, t^ ~ueh oomP~e+y a oon+P~+ia i
aa tM MORTCIIGEE n~r ~hcti and ail fl~ and fOrnsd~ Mq~+r~ poliNa on a~y of sdd buil~np. arM? int~nst tMrNn or p~~t 11w~ro/. in th~
a~~nph sum slwwald or in t~oou~ tMnof. ~Ii oonbin M+~ u~usl to s~id~MORTGl1~GEE~ a~i
ib M+hn~t aPPw. and N~d+ ar~id
NwY
e~puh+. n~kh+/ M» las u+b? ~Md pa~lkla. wd+ and and ~hNd b~? a W MORTGNGEE as turtlw srwrMY to aid d~bt. sed. not
wch-:Oolk~r ~II b~ promptl~r a~i~d and d~liv~d 10
Iw thr+ hn t10) dhrs M adv~ of tM apiMia+ of Md+ polky. b d~+~r to sNd MORI'G~GEE a~1 tFwnof.
la M» ~~n+Mnn of ~ud+ r«Mwd: and M~ra ~I»M b~ no Rn a toen~de ~ana v~d as N+y of ssld buUdkKt. . n+~r M+t~at tM ~o?
VMt thrsol. unl~ in th~ ~oen ~nd with t!~ lo~ p~bl~ a~ atawid: aed in eM ~wrK +nf? w~n of nar»y b~oomw p~b ur~ iuch
fo~i73 ~~~~~5