The URL can be used to link to this page

Home My WebLink About1864 • r . ~~~7VC7S 23rd_.. o,,, af ,lanuary._--- . A D. 19 70 THlS INDENTURE, Made the . _ , between _ TYL~1N.p~.R L.I.JMB~R COMPANY, a_ ~lorida. cp~poration _ of St. Lucie ~~~y, Fiorida, hereinaiter designated as the "MORTG/1GOR," and FIRST FEDEW~L SAVINGS AND LO/1N ASSOCIATION OF INDiAN RIVER COUNTY, a corporation organi:ed and existing undc~ the ~aws of the Un+ted States of Amcrica s~d having its pri~tipal plxe of business in the City of Vero Beach, Indian Rive~ County, Florida, hereinafter designated as the "MORTGAGEE." ,1~/~~EREAS the MORTGACAR is juzt1~ '~j~ ~q,,~he MORTGAGfE i~ the sum of Seventy- Five Thousand and NO/1W'~-'.""""'-"'.' lS Vl1u.-VlJ- Do~~ars, good and lawful m~ey oi the United States advanced by tF+e MORTGAGEE u~to the MORTG/1CAR, as evidenced by a certain promissory note of even date herewith, of which the following in worAs and figures is a true copy, to-wit: s ~s, aoo. ~o . No. . .10811 ~ Vero Beach, F~o«e~. lanuary 23, ~p ' - 19 - ~ For value received 1 or we jointly or seve~ally promise to pay to FIRST FEDERAL SAVtNG$ MID LOAN ASSOCIAYION OF INDI/1N ~ RIVER COUNTY, the wm of S 75:_~~• 00 at its office in Vero Beach, Florida, with interest at the rate of .g~ 7J - per cent per annum, in the followinQ manner: S 750•_ upon the first of eath and every month hereafter until tF+e full principal sum, with interest, has been paid; said monthly payments shall be applied fi?st to the payment of interest on the unpaid balance, and then to the payme~t of printipal. This note is negotiable and if default in payment octu?s, may be placed in the hands of an attorney at law for tollection, in which # eve~t 1 or we agree to pay the costs of collection, including a reasonable atto~ney s fee, and each of us, wF+ether maker, guarantor or endorser, } hereby severally waives demand, notice of non-oavment and protest of this note% ~~/la admrri 1 landermpany ~ ~ ls v~r ~i~ . Y---- President__~s~a~~ ~ - - - (Corporate Seal) Attest: /s/Errol _S._ Willes, Secretary _ «a„ ; In the event any payment is not made prior to the 20th day of the month when due, then this ~ote shall bear interest at the rate of ~47i96 from the date any such payment became due and throughout the period of wch delinpuency. 75 State stamps paid and cancelled on original of this note in the amount of S 112. 50 NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said sum of S?S~ ~ _ and tF+e performance of the covenants and agreements hereinafter expressed, and for divers good and valuable considerations, by tF+ese presents, does grant, bargain, setl, remise, release, convey and confimn unto the MORTGAGEE its succeszors and assigns, all that certain lot. piece or parcel of la~d, situate, lying and being in the County of ..___St. LUC1@ _ and State of Florida, described as follows: j Lots 2 and 3 of INDUSTRIAL SUBDIVISION, according to the Plat thereof as recorded in the office of the Clerk of the Circuit Court of St. Lucie County, Florida, in Plat Book 9, page 5. TOGETHER WITH all of th~ 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. ` _ ~ ~~au~~ wws va~~s ~ sY CHAS. E. SMITH s~~n+. HEATM, sn~un+ a o~+~uaE v.o. eox sia VERO BE/1CH, FLCRID/? 32960 i together with a~l and singular the tenements, hereditaments and appu~tenantes thereunto belonging or in anywise appertaining thereto, and all rents, issues, proceeds and profits accruing and to attrue from said premises, all of which are intluded in the above and foregoing de- xription and habendurr~ TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its wttessors and assigns forever. successors = And the said MORTGAGOR for _ 1tS/ 7GXii~, executors, administrators a~d assigns, hereby covenants with the said MORTGAGEE, its wtces- 1 , sors and assigns, that____ 1C 1S_ __~aM,fully seized of the ~id premises in fee simple; that the same are free, clear and dis•• ~ successors tharged from all liens and encumbrances in law or in equity, and that . lt will and .1tS~ shall warrant and defend the title to the same to the said MORTGAGEE, its successors and auigns, forever against the lawful claims and demands ot all persons; PROVIDEO. ALWAYS that if the MORTGAGOR shall pay unto the MORTG/1GEE 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 cwenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be ~ull and vo~~l IT IS U?IDERSTOOD that the word "Mortgagor" whether in tFv! singular or plural anywhere in this Mwtgage. shall be singular if o~e 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.-xe in the covenants and agreements herein contained to any of the parties hereto, the same shall be construed to mea~ as well as the heirs, legal representatives, wc- 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 ~nd advantages inure to the respective heirs, legal repre~tatives, wtcessors and assigns of the ~ parties hereto. ~ And said Mortgagors, for themselves and their heirs, legal representatives, suctessors and assigns, hereby jointly an~ severally cAVenant and agree to arr! with the said MORTGAGEE, its successors and assigns: 1. To pay al! and singular the principal and interest and the various and wndry wms of money payable by virtu~ of said promissory ' note, and this mortgage, each and every promptly on the days respettively the same severally become due. 2_ To pay all and singular the taxes, assessments, levies, lia5ilities, obligatio~s and incumbrances of every nature and kind now on said described property, or that hereafter may be imposed, wffered, placed, levied, or assessed thereon or that hereatter may be levied o~ 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 penalry is incurred; and insofar as any thereof is of record the same shall be p~omptly satisf~ed and discharged of record and the original official document lsuch as, for instance, the tax receipt or the satisfaction paper offitially endorsed or tertified) shall be plated in the hands of said MORTGAGEE within ten days next after payment; and in the event that any thereot is not paid, satisfied and dixharged, sai~ MO4TGAGEE may at any time pay the same or any part thereof without waiving or affetting any option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every wch payment shall be immediately due and payable and shall bear interest from the dare thereof until paid at the rate o and]~}(~~~( r te tum r annum and together with such interest shall be secured by the lien of this mortgage. elg~ LRY'eG-~uar~ers~ 3. To plxe and continuousty keep on the buildings ~ow or hereaher situated on said land a~d on all equipment a~d persona~ty cw- ~ ,ered by this mortgage, with a!I premiums ihereon paid in full, fire inwrante in the usual standard polity form, in a sum approved by thc MORTGAGEE, and tornadu insurance in the usual standard poliq form,in a sum approved by the MORTCAGEE, in wth company or companies as the MORTGAGEE may dirett; and all fire and tornado inwrante poticies on any of said buitdin.gs, any interest therei~ or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the uwal standard mortgagee clause or wch other clause as the Mortgagee may require, making the loss under said policies, each and every. payable to said MORTGAGEE as +ts interest inay appear, and each and every such policy shall be promptly assigned and delivered to and held by sa~d MORTGAGEE as further security to said mortgage debt, and, not less than ten (!0! a~ys in advar+ce of the expiration of each poliq, to deliver to said MORTGAGEE a renewal thereof, together with a receipt for the p~emium of wth renewal; and there shall be no fire or tomado insurarxe plated on any of said build~ngs, any interest therein or part the~eof, unless in the form a~d with the loss payable as aforesaid; and in the event any wm of money betomes payable under wch iFIRC--2S1-S00~9~69~A 4 go~K1~2 PA~E1860 ~ _ n~-.. w ,_.w _ - = r~_~ ~