HomeMy WebLinkAbout2542 ~ 3~•0~ ~1~c~ .l'729~4 ? ~ b,
THIS INDENTURE. r~+~ae tr~~~~__._---- uw af---__~~mber n. a i9 68 .~n~+ e
~~g~~_ ~Q$~g~,Q.~V~__ a_ sin_gle~person and_'PQMMIE _LEE _NOBI~B,._ a sing,l~ ~erson
of-----•--•- -I11S~IL_~1/.e~~ Cax~A?. Floridt. h~inaftK d~sl~nstd u tM "MORTCJICOR." snd FIRST FEDER/1L SIWIPIGS M1D
LOMI /15SOCIATION OF INDIMI RIVER COUNTY, aco~po~ Hon o~+is~d s~d exini~ under the laws of tM Unit~d Ststa of M~ka
and havin~ its pri~+cipal plaoa ~f busl~ss in th~ Clty of VKO BWCh. Indiu? RivK Co~x+ty. Florid~. Mretnsfter des~~natsd u ths "MORTCAGEE••
~a~s t~ r~oRTC~coR u ~+d~ c~.~Fr MORTGAGEE in ~r,. ~ of.'~±en~r-Six_'Thousand and
NQ .LN!_-_'_- cs~---`~~-`~!`~-~--W odars. ~ood .~e awru~ ma»;; of th: u~~t.a st~t~ :d~?;~aa b,? th.
~TG/1GEE unto th~ MORTG/1GOR, ss ~vW~nced by a osrhin promissay note of even daro herowith. of whid+ ths folbwin~ in words
and fi~uns is a trus copy, to-wit: 1~~~~
=_26, 000, 00_. Na _ _ -
VKO 8~ad?. Florids. __.~~_4'.IYI~~--s3~- 19.~_
For valw ~eceiv~d 1 or vw jointly a severally promise to psy to FIR~T FEDER/1L 5/1VINGS MID IOMI /1SSOCI/1TION OF INDIAN
RIVER COUN'TY. tM sum af S~F~~QQ-------•-----~ at ib ofNos M Vao 8~sch. Fforids. with interost ~t th~ iat~ of_?• 5-
per oent psr arrwrn. in ths iollowin~
; 25~. upon the Hrst of sad~ and avery mo~th Mroaftar unHl the iull principal sum. with i~Mrost. his baen Wid; ssid
monthly psyments shsll be spplied first to the WYment of iet~rat on tM u~psid babnos. and Men to ths paynMnt of pri~tipd.
This rah is nesotiabk ud if dshuh in p~yment oaun„ nyy 6s placed in ths hinds of an attorney at bw for aoliactio~. in which
event 1 or wa s~roe to psy ths costs of aollection. inclu~n~ a rssso~sbi~ attaney's fee. and sach of us. whether msker. gwrantor o? endorser.
hereby sevenly waivas demsnd. notice of non-psvment and protest of this note. . •
~ s ~urman Roberson _ _ _
1_.1_---- - -
~s/_TQmnn~e_ 1.,ee_ NQb~..e----------- ---------~_cs~n
In the event any payment is not msds priar to th~ 20th day of tM month when dus. then this note shall bsar intsrost at the nte of
8.4 % fram the dats sey such payment beame due and throughout the period of wch deli~.
Stat~ stampa paid and cancelled on orl~ioal of this note in the sRwunt of ~4._QQ_ 1
NOW, THEREFORE, the MORTGAGOR for the purpose of sewring the payment of the ssid sum of S_~~~•--~ and t'~s '
performanos of the oova~anis ind sareements hereinafter exprss~d. snd for dive?s ~ood snd valwbk ooruidentions. b'Y these Presents. does
grant, bargain~ seil. romiss. ?e~ease. convey snd confimn unto the MORTCAGEE its wooessors and assigns. all that oertsin lot. piete or paroel of
land. situate. hdng and bein~ in ths Couny of __S~~_.C~~~S~1~2~1,_UA~L~~~eC~nd Stats of Florida. desc~ibed ss follows:
Legal Descriptions attached. `
THIS lNST~UwtE~:T WqS NREp,~R~p 6Y
GEORGE HEqT1~
R~~ s 5~. E c^ In Payme~t ot T~xe~ due on Cles~ SMITH, HEIItH, SI~~TH~ & 0,~~
C Intang~ble P e~
n a
1:"
r o p
ech t~~rs;~ant o~:'~aptes 2::724. laws ATTORN E
Y
S A
T f. A
W
of Flori~e, Acts ot 19~1. _ 220U -14 th AVE. YERp gEq~ .
~
ti~~
jax Collector. nd~an River Couaty~ F~ '
,
j together with sll snd singular the teneme~ts. hereditaments and appurtensrKes thereunto belonging or in anywise appertaining thereto, and
; all rents, iswa~ proteeds and profits atuuing and to accrue from said pranises, all of which are incl~ded in tF?e above and foregang de-
striptiOfl ind Ffablr~m
TO HAVE MID TO HOLD the above desc~ibed and gnnted premises unto the said MORTGAGEE, its wooessors snd assigns forave?.
j Md the said MORTCJIGOR for__~Le~heirs. exewtors. administntors and assigns~ hereby oovenants with the ssid MORTGAGEE. its woces-
3
sors and assigns, that-----L~3l--r`il'~----- lawfully seized of the said premises in fee simpk; that the sama aro free. clear and dis-
charged frem aii liuis and encumbrances in law or in equity, ~,a ~+,~r----------~hex-- ~i~ ~,a ---the.u r~~ ~n warrant and ;
defend the titb to the same to the said MORTGAGEE. its waessors and assigns, forever against the lawful claims and de~r~ands of alt persons; ~
PROVIQED. ALWAYS that if the MORTGAGOR shall pay unb the MORTGAGEE the promissory note hereinbefore destribed. snd
shall truly. P~P~~Y and fu11Y Pe?form. discF+arge, execute. oorr~P~. ~~P~Y with and abide by each and every the stipulations, agreements.
eondiHons and cavenants of said pramissory note and of this Mortgage. then this Mortgage and the Estate hereby created shail cease ard be `
null snd wi~1 ~
IT IS UNDERSTOOD that the word "Mortgagor" whether in the singular or plural anywF~ere in this Mortgage, shall~be singular if one
only and shall be plunl jantly and sevenlly if more than one. and that the word "T'heir' as used anywhere in this Mortgage shall be taken
to mw~ •'his.'• •`her.•• or ••its,•• wfierever the oontext so implies or admits. Also, that wherever there is a reference in the tovenants and
agreements herein oontained to any of the parties hereto, the same shall be caatn,ed to mean as well as the heirs. legsl representatives. suc-
ceuors and assigns (either wluntary by att of the parties w involuntary by opention of the law) of the ssme and thst the toverwnts herein
contained shall bind and the benefits and advantages inure to the respecfive heirs. kgai representatives, wocessors and suig~s of the
parties Ffereto.
Md said Mortgagors. for the~nselves snd their heirs, legal representatives, wct.euors and asslgns. hereby iointly and severatly oovenant
and agree to and with the said MORTGAGEE. its succeswrs and asslgns:
1. To pay all and singular the principai and interest and the various and s~mdry sums of money payabb by virtue of said promissory
~ note, and tMs mortgage. each and rvery promptly on the days respectively the same severally become due.
~ 2 To pay atl and singular the taxes, assass~nenfs. levies. liabilities, obUgatiora and incumbrances of every naturo and kind now on
said desc~ibed P~~Y, or that hereafter may be imposed, wffered. Placed. levied, or assessed thereon or that hereafter 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- ;
come delinquent. and before any interest attathes or any pe~wity is inwrred; and insofar as any thereof is of record the same shall be prompNy i
satisfied and discharged of retord and the origi~al offitial document (such as. for instante. the tax receipt w the satisfattion paper officislly ~
e~dorsed or tertifie~ shall be plated in the hands of said MORTGAGEE within ten days next after payme~t; and in the event that amr thereof
is rwt paid, satisfied and distharged, said MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting any
optian, lien, equity. w right under or by virtue of this Mortgage. and the full amount of each and every such payment shall be imrnediately
due ard payable and shall txar interest fram the date thereof until paid at the rate of}flfc a tenths pe~ centum per annum and together
with wch interest shall be setured by fhe lien of this mortgage. seven Ve
3. To place and continuously keep on the buildings raw or hereafter situated an said land and on all equipment and personalry cav-
ered by this mortgage. with all premiums thereon paid in full, fire inwrance in the uwal standard policy form. in a wm approved by the
MORTGIIGEE, and tomado insurance in the uswl standard policy form,in a wm approved by the MORTGAGEE, in wd~ oanpany or cornpanies
as the MORTGAGEE rriay dlrect; and all fire and tornado i~urance pollcies o~ any of said buildings, am interest therein or part thereof. in the
aggregate sum aforesaid or in excess thereof, sF?all oontain the t~susl standsrd mortgagee clause or wth other ciause as the Mortgsgee m~y
require. making the bu under said policies. each and every. payable to said MORTGIIGEE as its interest may appear. and each ~nd every
uxh policy shall be promptly assigned and delivered to and held by ssid MORTC/1CEE as further security to said mortgsge debt, and, not
less thsn te~ t10) days in sdvance of the expirsHon of esth polky~ to deliver to said MORTGAGEE a n~newal thereof~ together with s receipt
ior the pr~r?iun of such renewal; ~d tt+ene shali be no flr+e or tomado ir~urance plaoed on any of said buildings, sny interest thercin or
psn thereof~ unless in the form and with the loss psysbk as aforesaid: and in the event sny wm of money beoorr~es paysbk wde~ wd?
FFIRC-251-1M-667- ~ '
~o~x 1Y~~ ~~t£Z~~7 OFFICIAL RECORC, ~~K ~~1 PAcE 393 ~ ` ( ~ "
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