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Home My WebLink About160518290 • THIS INDENTURE. Made the______19Lh____ Day of _-__ AUF;USi_______~--_------•_-_-- -_---.-__-- -_ _-- A. O. 19 -69, between _ HILLIARD GROVES,- INC.-,_- a._Florida- corporaton____ ____ _____ ___ _--__ _-.- -__._-__- ___________--~~ St Lucie _____ __________ __ County, Florida, hereinafter designated as the "MORTGAt;,OR," and FIRST FEDERAL SAVINGS AND of - _ -_ . LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the laws of the United States of America - and having its principal plate of business in the City of Vero Beach. Indian River County, Fkxida, hereinafter designated as the "MORTGAGEE." y~ nn~~qq~~ ---- _.- --- ------- ---- ---- ---- ----- - REAS the MORTG!-t;AR is just MORTGAGEE in the sum of TWenty-Nine Thousand and NO~1.'--_--'-----_--'--'' (Z ~~_,_!1[llJ._ ---__a Dollars, good and lawful money of the United States advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain promissory note of even date herewith, of which the following in words t and figures is a true Copy. to-wit: 1U6C~~ s 29 QQO ~ Nor ---- --- -- --- - - Vero beach, Florida. -----_- --AUg.LISC _ 19:-- ----- ----------- - - ----- -- - 19 .~?9 For value received 1 or we jointly or severally promise to pay to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN 29 000 00 RIVER COUNTY. the sum of S ___ :___.____ •______ -_______ _- ___. at its office in Vero Beach, Fkxida, with interest at the rate of _~lgbt ~8~. per cent per annum, in the folbwirtg manner: s_?iZ7_~?.4____ upon the first of each and every month hereafter until the full principal sun-,, with interest, has been paid; said monthly payments shall be applied first to the payment of interest on the unpaid balance, and then to the payment of principal. T~j=,tpjq b negotiabb and if default in payment occurs, may be placed in the hands of an attorney at law for collection, in which evenL4`dr ~~ ~Arto pay the costs of collection, including a reasonable attorney's fee and each of us, whether maker, guarantor or endorser, here6y~er~311~~Jtg~demard, notice of non-oavment and protest of this note. fiilliard Groves, Inc• By_:__1s~_,j____ B ___Brewer,~jr.-,__ President_--_. _(seal) . ~- ' ` •• ~tb~4rate Seal) ~ecretary- Attest:_~sf Florence H.___McClure~_T-reasuref~au then this note shall bear interest at the rate of ., ., . ' In~thi event aQt~payment is notes Pry ~ roughout the period of hsuc delittq~uency. 8.4~ frc~tpQ,date ~rt11 sfjclt paymen . -. tote sta . and cancelled on original of this note in the amount of s ______ ~ • ~:••s ~;w~• 4 5Q----- ---- • ~W; ~fiiEREt'ORE, the MORTGAGOR for the purpose of securing the payment of the said sum of S 29:.~0~ ~--- and the g ant, bargain. se~remise. release, aconv~ey annd confimn untohe O TGAGEE~ts suaessors and asstbgr-s. allithattce ain loh pets or parcel~of t land, situate, lying and being in the County of _______ ___St. 1rUCle -and State of Florida, described as folktws: j From the Northwest corner of the SW 1/4 of Section 24, Township 35 South, Range 39 East, run East 25 feet to the East right of way of Kings Highway, thence run South 25 feet to the South right of way of Andrews Avenue for the point of beginning. Thence continue South along the East right of way of Kings Highway a distance of 616.00 feet, thence run East along the centerline of an existing ditch a distance of 352.81 feet, thence run North and parallel to Kings Highway a distance of 617.33 feet to the South right of way of Andrews Avenue, thence run West along the East right of way of Kings Highway and the point of beginning. TOGETHER WITH all of the furniture, furnishings, fixtures, appliances and equipment now in the buildings located on the above described property, and which may hereafter be placed in the buildings located on said property, while any sum due remains unpaid hereunder. THIS INSTRUMENT WAS PREPARED BY CHAS. E, SMITH SMITH, HEATH, SMITH 6 O'-tA1RE P. O. 60X 518 VERO BEACH. FLORIDA 32060 together with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining thereto, and all rents, issues, proceeds and profits accruing and to accrue from said premises, all of which are included in the above and foregoing de- scription and habendum- TO HAVE AND TO HOLD ~the.~b~.~ttd 8ranted Premises unto the said MORTGAGEE, its successors and assigns forever. And the said MORTGAGOR for_it°[____X1ii4Y.}fexecutors. administrators and assigns, hereby covenants with the said MORTGAGEE, its succes- sors and assigns, that__-__-_____lt 1S -lawfully seized of the said premises in fee simple; that the same are free, clear and dis- successors charged from all lieru and encumbrances in law or in equity, and that -._.__ It __ will and lt$f ___ __._ 1~}p{shall warrant and defend the title to the same to the said MORTGAGEE, its wccessors and assigns, forever against the lawful claims and demands of all persons: PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and shall truly, promptly and fully perform, discharge, execute. complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and void IT IS UtJDERSTOOD that the word "Mortgagor" whether in the singular or plural anywhere in this Mortgage. shall be singular if one only and shall be plural jointly and severally if more than one, and that the word "Their" as used anywhere in this Mortgage shall be taken to mean "his," "her," or "its," wherever the context so implies or admits. Also, that wherever there is a refere:tce in the covenants and agreements herein contained to any of -the-Qarties hereto, the carne shall be conttnied to mean as well as the heirs, legal representatives, suc- cessors and assigns (either voluntary by act of the parties or involuntary by operation of the law) of the same and that the covenants herein contained shall bind and the benefits and advantages inure to the respective heirs, legal representatives, successors and assigns of the parties hereto. And said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jointly and severally covenant and agree to and with the said MORTGAGEE, its successors aril assigns: ). To pay all and singular the principal and interest and the various and sundry wins of money payable by virtue of said promissory note, and this mortgage, each and every promptly on the days respectively the same severally become due. 2 To pay all and singular the taxes, assessrrtertts, levies. liabilities, obligations and incumbrances of every natwe end kind now on said described property, 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 attaches or any penalty is incurred; and insofar as any thereof is of record the same shall be promptly satisfied and discharged of record and the original official document (wth as, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said MORTGAGEE within ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, said MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of six and per annum and together with such interest shall be secured by the lien of this mortgage. ~1 t per CentUm 3. To place and continuously keep on the buildings now or hereafter situated on said la and on all equipment and personalty cov- ered by this mortgage, with all premiums thereon paid in full, fire inwrartce in the usual standard policy form, in a win approved by the MORTGAGEE, and tornado inwrartce in the usual standard policy form,in a sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may direct; and all fire and tornado insurance policies on any of said buildings, arty interest therein or part thereof, in the aggregate win aforesaid or in excess thereof, shall contain the uswl standard mortgagee clause or such other clause as the Mortgagee may require, making the loss under said policies, each and every, paysbb 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 ss further security to said mortgage debt, and, rat less than ten (10) days in advance of the expiration of each polity. to deliver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of strth renewal; and there shall be no fire or tornado insurance placed on 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 becorrtss payable tinder sucl- FFIRC-251-250-3-69-M ° Is 1,~ 1~ BUOK fiiGf