HomeMy WebLinkAbout0705 ~.~~3'3~~•'~
THIS INDENTURE, MaJe the 21 S~ Day of Septembex , A. D. 19 70, betwc~n
_ WII_LIAM J. S1'RONG and RUBY S, STRONC, his wife _
of ~t. I.UCle County, Flor~oa, hereinafter designa~cci as thc "MORTGAGOR," anJ FIRST FEDERAL SAVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a tu~poratiu~ o~gar~~:ed and ex+sting undcr the laws of the Unlted Statcs uf :.m~~;~a
and Fwwng its p~inc~pal ptate of business in the C~ty of Vero BeaCh, Ind~.~n Rwer County, Flond.i, hercinaftcr dcsi~nated ai thc "MORTGAGEE."
E F~~r~ he MORTGACAR is justly i~~j~
the MORTG/1G'cE ~n thc sum of S1X Z'~IOUSc`iIK~, Three Huncired
and~o~1W"""""" 6~ JW. W ) Ooilars, goocl and i3wful m~ney of the United States advanted by the
MORTGAGEE unto the MORTG/1GOR, ai evidenccd by a tertain prom~iiory notc of cvc~ ditc 1~crc~~v~th, of wh~ch the following in wordt
and t~gures is a true topy, to-wit:
S 6, soo. oo N~. 10~5~
ve~o Beach, Florida. September 21, 19 70
For value received I or we jointly or scvcrally promise to pay to FIRST FE~EFAL SAVINGS /~N~ LOAN ASSOCINTION OF INDIAN
RIVER COUNTY, the sum ef S 6~ 3~. QD , at its off~ce in Vcro E1exh, Flor~,fa, w~th ~nterest et :hr rate o} eight (8)
pet cent per annum, in the followinQ manner;
S 6~. ~3 upon the }irst of cath and every month hereafte? u~til the }ull pnnc~pal sum, w~th iMerest, has bcen paid; said
monthly payments shall be appl~ed f~rst to the payment of inferesf on the unp~~rl b~lance, anc~ then te the paymenf of principal.
This note is negotiable and if default in pavment occurs, may placed ~n the hartds of an attumey at !aw for collection, in whlch
evcnt I o? we agree to pay the coses of collectior?, including a reasonal~te attorney's fee, and each of us, whether maker, guarantor or endorser,
hereby s~verally waives demind, notice of ncx~-oavment and protest of fhis nntc.
/sJWilliam J. Strong «a„
js/Ruby S. Strong . «a„
In the event any payment is not made prior to the 20th day of the month when due, then th~s note shall bear interest at the rate of
from the date any such payment became due and throughout the period of such delinquency.
y• Q State sTramps paid and cancelled on original of this note in the amount of S 9. 45 .
NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said sum of S 6? QQ - and the
Nerformance of the covenants and agreements hereinafter expressed, and for d~vers g~od and valuable considerations, by these prese~ts, does
grant, ba~gain, sell, remise, release, tonvey and co~firm unto !he MORTGAGEE its successors and assigns, all that certain lot, piece w partel of
land, situate, I~ing a~d being in t!x of St. L-UCle and State of Florida, described as follows:
1_ots 9 and 37, of HILLVIEW, 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 52. _ _ _ . . .
~
Sl/~l t oF 1-LC)KIU/~
W
~~N QArMt?lT OF TaXES Z p~~NTApw STAMP TA~
i ERSCNit P;~UPERN. - 9
RECE.+V!!1 ~ ~y-~':..:BIF 19,;1. ~ = SEP27'TO i
U~E L't1n ~ T- 2:;7'_4. ACtS `7F O = • i,~: 9 4 5~
P~~._; i;.: hav, s~ `
i S f'k ~1(CU;t Q~Jtt N V ' COyATliOLLER ~ ~
^ ' ~,l9~1i8- - -
as Age:.t tci Ct?t1El N. K1~OWLE~ 1R .
St Lucie Cou~.tt i~ ~~Icctot THIS Ih57Rl,~~AENT WAS PREP/1RED
_J_~ BY jEROME D. QUINN
By ~Iy CI.ERK SMITM. MEATH. SMITH 3 O'FfA1RE
o.o. eox s~a
VEkp BEACH, FLORIDA 32960
i
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~ together with all and singular the tenements, hered~taments and appu~te~ances thereunto belong~ng o. in anywise appertaining therero, and
~ a'I rents, issues, proceeds and pr~fits accru~ng and to accFue from said premises, all of which a~e included +n the above and forego~~g de-
~ script~on and habendum.
TO HAVE AND TO HOLD the above destribed and granted prem~ses unto the sa~d MQRTGAGEE, its wctesso?s and assigns fcrever.
~ their 8
~ Md the said MORTGACAR fo. heirs, executors, administrators anc! ass~ ns, hereb covenants w~th the said MORTGAGEE, ~ts wttes-
~ sors and ass~gns, ~~t . they are ,awf,,,,Y seized of the sa~d premises ~n fee simple; that the same are free, tlear and d~s
€
~ charged from all Gens and entumbrances in law or in equity, and that they w~11 and thelX heirs shall warrant and
~ defend the t~tle to the same to the said MORTGAGEE, its successors and au~gns, forever against the lawful cla~ms and demands of all perso~s;
~ PROVIDE~. /1LWAY5 that ~f the MORTGAGOR shall pay unto the MORTGAG"cE the pr~xniswry nate hereinbefo~e described, and
s~all truly, promptty and fully perfo+m, d~scharge, execute, complete, comply w~th and abide by each and e~ery the shpulations, agreements.
c~d~tians a~d covenants of said prc,missory note and of this Mo.tgage. then th~s Mortgage anJ the Estate hereoy ueated shall cease and 5e
n~ii and vniA
IT IS U~~D[RSTOOD that ihe word "Mortgag~r" wt~ether in the zingular or p'u~al anvwhcre in this Mortgage, shall be singu~ar if one
~^ly and shaH be piural ~ointly end seYerally ~f more than one, and that tre w.:rd "Theu" as uscd anywh~rre ~n th~s I~r1.:rtgage shall be takcn
~ r~ mean "hls," "her," or "~ts." wherc.•er the contex; so ~mpi~es or adm~ts. Also, that wherevrr there is a referc~ce in the tovenanfs and
a~.oo.,,~•.,:c t,...P~r, r-mtained to any of the parties fiereto, the same sha~~ be cor.s:rued to mean as we~l as the he~rs, legal representatwes, wc-
~ ~ess~rs and ass~gns te~ther voluntary by act of the pa~t~es or mv~luntary b~ operat~cn of the law' ot the samc and tnat the covenants here~n
c ~ta~ned s~a;i b~nd and the 'c•en=~~ss a~d ad.anta3es ~nure to the respectwe hei:s, legal representatwes, succesiors and ass~,'sns ef the
~ ~arnes he~eto.
~ And sa~d A1ortg~gorg, for themse~ves a~d the~r he~rs. legal rep~ esentahves, successors and ass~gm, hrreby ;<nntly an f se.eraliy c~ve~ant
~gree to an~ w~th The sa~d tv10RTGAGEE. ~ts successors and ass~gns:
~ To pay all and singular the pnncipal and ~nterest and the ~arious arxl sundry sums of muney payab~e bv vi: tu~ uf s~id p~om~>s .r~
~ ~,te, and th~s m~rtgage, each and every p.anptly on fhe days respect~~•ely !he sartze severatly become due. ~
- 2. To pay all and s~ngu~ar tne taxes, assessmenrs, levies, liabilities, obligations and incumbrances of every nature and kind now an
~~d dexn,hed pr:perty, or that he~ea+ter may be ~mpcsed, wffered, p~aced, lev~ed, o. assessecl therec.n or thaf hereatrer may be ~e:~e~ or
r a.~e5-,~~~ up~n ~h~s fvtortgage, o~ the ~ndebt~dness secured hereby, each and every, when due ~n~ pavable acc~~d~ng to faw, before they be-
~ :'.me Cei~n~uent, d~d before any ~nterest attathes cr d~y pcrulty ~s ~ntun~-J: anrf ~nso4ar as any thcreof ~S of •et'vrd thc same zhali be prumptly
~ sat~sf~ed and d:uharged cf reccrd and t~e orig~nal affic~al dxument ~sucti as, for ~ns~ante, the tax receipt or thc sat~,fact.~n paper ofhc~e:i.
~ end,;r;ed or cert~fied' sFall be pl~ced ~n the han~s of sa~d MORTGAGEE wrth~n ten days next after payment; arui m the e~ent rhat any there~f
~ ,s n~t ~aid, satrsf~ed and d:uha~ged. sa~~ MORTGAGEE may at any hme pay the same or any part thereof w~thout waw~ng or aftecting any
pr~on, I~en, eqwty, or nght under or by vutue ot t~+s '.lortgage, and ?he tult amount of each and~ ~e~~v~e~r~! such payment shall be immed~ateiv
~~e and pa~ab!e and shall '3car inte~est from the lare thereof unt~l pa~d at the rate of ~C~}~~4li~per cenium per annum and togethrr
~ w~rh such inte~est shall be secwed by :he lien of th~s mortgaQe. e1gI1C
ty~' 3. To plxe and c:nt+~u`.us!y keep c~ the buildings r+ow or hereaftcr situated rn said i.ind anA on a~l equ~pment 3nJ pe~u;na~ty Cov~
~ r+rd by th~; m.rTgaqe, w+th prem~ums thereon pa~d in full, f~re ~nw~a~ce ~n the uiual st.+nd.~rd p:hCy furm, ~n a sum appr, ~ed by ~'~a
~ ':~O~TGAGEE. and tornad~ ~nsu~ance in t~e ~sual standard policy form,in a sum approved by the MORTGAGEE, in such Company or tompames
.-s rhe MORTGAGEE may d:rect; and all fire and rornado inwrance ~~~t~es on any of sa~d t.w~:lmbs, any ~nterest the~e.n or part thereof, in the
~ aggreg~te sum aforesar~ o. in excess thereof, shsll contain the usual standard mortgagce c~.juse c. such other clauu as the Matgagee may
requ~re. mak~nq the I;,ss ur+der sa~d palic~es, each and every, payable to sa~d MORTGAGEE as ~rs ~nrerest may appear, anA each and every
;uch pohcy shalf be prcxnptly ass~gned arsd delivered to and held by sa~d MCRTGAGEE as fu•t~er sewr~ty ?o sa~d mo~tgage debt, and. not
'rss than ten ! l0i days m ad~ance of tF?e expiratio~ of each poticy, ro de~~ver to sa~d MORTG/~GEE a renewat ti~e~cr.f, rogether with a rete~pt
Ipr t~e prem~um o/ such renewal; snd there Shall be no fire or tornscfo insurante piaced on any ol s.~~~ bu~~:l~nCS, a~~r ~~~te.ecf ihere~n or
ps.t thereof, unkss in the form and with the loss payable as aforesaid; and in the event any sum of money betomes payabte unde? wth
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