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Home My WebLink About0530 • 2C 0'7~ THIS INDENTURE, M~ tn. __5zh a„ of Novemher__.___ , A. D. t9 7O, between _ . _ JOHN _P. ..SVEC, a_ single_pe~son_ . . of t. ~UC~E' County. Florid~, I+~~ein~fter desl~.uted u the "MORTWIGOR," and FIRST FEDER/1L SIWINGS /W~ IOMI /1550CIATION OF INDIAN RIVER COUNTY, a corpaation orQani:ed and existin~ unde~ ths Iaws of t1» UNted St~tes ol M~crica snd I+~vi~ its printipal plate of business in the City of Vero 8each. Indian River County, Florids, hereinafter designa~ed u the "MORTGAGEE" j~T~~pR is just ~~~Q,,~h~ MORTGAGEE in the sum of Fitteen 1'housand, . Seven HurK~~~/ ~.W"""(i /l~J. l~-.•----) Oollars, good and Iswful money of the United Ststes advanced by tM MORTG/1GEE unto tM MORTG/1CAR, as evidenced by a tertai~ promissory note of even date herewith, of which the folbwin~ in vwrds snd fi~ures is a frue topy, to-wif: . s ~rJ.~ 7~..~ No. 1O November 5, ~ Vero Besch, Fbrid~. . . • - - - - - - - 19 - • Fw v~lue received 1 or we ~antly or severally promix to pay to FIRST FEDER/1L SAVII~tG$ MIO LO/1N ASSOCI/1TION OF INDIMI RIVER COUNTY, the sum ot S.~Sa ?~Q~ ~ . at Ifs o(fice in Vero Bexh, Florida, with i~terest at the rate of pK cent per annum. the followin~ msnr~?: =~~2~5,~_.__. upon the first of exh a~sd every month hereafter until the full principal wm, with interest, has been paid; said nqnthly paymer~ts shatl be applied first to the psyment of interest on the unpaid balance, and then to the payment of principal. This ~+ote is ne~oHabk and if default in payment xcurs. m~y be plxed in the hands of an attorney at law for collection, in. which event I or we agree M pay tF+e oosts of tolkttion, including a reasonable attaney's fee, and each of us, whethe+ maker, gwranto? or endaser. hereby severally wiives demand, notice of na?-wvment and protest of this note. v /s j _ . n P. _ . - ._ck~u ~s - - _ck~n le the eve~t ar+y payn+ent is not made pria to the 20th dsy of the mon due, t1+en this note shsll bear interest at the rate of ~li~b ftan the daM any wth psymn+t bttams due and throughout the ptriod of h delinquency. `l. J Shte sta~r~ps psid and cancellcd on wiginal of tNs note in the anwunt of s Zs~._S~_ . NOW. THEREFORE. the MORTGAGOR for the purpose of seturing the payment of the ssid sum of s_ iS,_?~•_~~ snd tM ~Mimanoe of tha covenants a~d agreeme~ts he?einafter expressed. and for divers good snd valwbk conside~stians, by these presents, doa grsnt. ba~b+. stll. roenise. mlesse. oonvey and confiRn unto the MORTG/~GEE its wctessors and suigns, all th~t certain lot, piece w puul of ~ Is~d. sitwt~. lyin~ ~d bei~g in the County of Indian Riv_er------- ,~e st~te of Fb.w~. dacribed as follows: Lot 17, B1ock "J", MARAVtL.LA ESTATES, 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 8, page 77. - - - Sl'A~' ~ ~F U ~ 1 l~ - v } . .~~nctu~arA~~sr~~r~ ~ ~ ~_z = Q ~ = eoviz'~u - ~ 235~=~ ~~~~T~~ 'C If~(iMlGIBIE ~ PAYMENf OF tA~ ~ - _ CHAP'iER 20724, A~CTS~~ l94l~~~ .-.~.i9~134. - ROGCR PoRRAS, Clerk Circuit Court ~~°r.t i~r L'"~lf;l N. KP!~JWLfS, 1R nia ~rvsTRU~unrr wws ~w~ St C~c;~ Co~rty J~ ~ MICHAEL O'HAIRE . ~wn~. s~,~rH a o~rw~ . - gy ~ P. o. eox sia VERO BE~1CH. FLORIDA 32960 °~n a~r ; ~ toeether with sll and singular ttie tenements, hereditaments and appurtenances thereu~to belonginq or in anywise appertaining thereto. snd all renK, iswes, Proteeds and profits actniin~ and to atctue from uid premises, all of whith are included in the above and foregoing de= i uription and habendixn. E ' TO tUVE MID TO HOLD the above described snd granted premises unw the said MORTG/1GEE. its wccessas snd sssi~na forever. Md the said MORTGM'AR for _~S_____heirs. executors, administrators and assigns. hereby covenants with the said MORTGAGEE. in suaes- sors snd sssi~ss, that---.t1E 1S_ -------`Iawfuly seized of the said premises in fee simpk; that the ssme sre free. clea~ and dis- chuged from all lieru and enaunbrancss in taw a in equity. and that ~le will and --.--~8-_- - heirs sh~ll warnnt and defend the title to the same to the said MORTGAGEE. its suocesso~s snd assi~ns. forever agsinst the Iawful tlaims snd demands of sll persons: PROVI~E~. AlWAYS that if the MORTGAGOR shsll pay unte the MORTG/1GEE the p~omissory note htreinbefore dascribed. srd shall truly. ao~h ~,d ~,ity ~fw~,, discharQe, execute. complete. comply with and abide by each and every the stipulations. agreerr~enn. c~tio~u and coven~nts of said promissory note and of this MortQage. then this Mwtgage and the Estate hereby crqted shall cesse and be nuU srd voiA IT IS U) /DERSTOOD that tF+e word "Mortgagor" whether in tFr. singular or plurat a~ywhere in this Mortgage, shall be singular if ons o~ly and shatl be plunl jantly and severalfy if rrare than one, and that the word "Their" as used anyw!?ere in this MortQage shall be taken fo mean "his," "her." or "its," wherever the context so implies or admits Also, that wherever there is a refere~ce in the twenants and agreert~ents herein to~tained to any of the parties hereb. the same sh~ll be construed to mean as well as the heirs, le~al representatives, suc- cessors and assigns leither voluntary by xt of the parties w involuntary by operotion of the taw) of the sa:ne and that the cbvcnants hercin contained shall bind and the ben~(irs and advantages inure to the respective heirs, legsl representat~ves, sutcessws and sssigns of the ~artieS heret0. . Md said Mortgagors, for themselves end their heirs, legal ~epresentatives, successors and assigru, hereby janNy and severally covenant and agree to and with the said MORTG/1GEE, its wccessors ard assigns: ~ 1. To psy all snd singular the principal and interest and the variaus and wndry wms of money psyabk by virtua of said promissxy rrote, and tF~is mortgage, eath and every promptly an the days respective~Y the same seventy become due. 2 To pay all and singular the taxes, assessrnents, kvies, liab(lities, obHgations snd Inaxr~brances of every nature and ktnd naw on said desc~ibed property. or that hereafter may be imposed, wffered, placed, levied. or assessed ti~reon or that hereafter msy be levied or assessed upa~ this Mortgage, or the indebted~ess setured hereby, each and every, when due arxl payable attording to Isw, befwe they be- ~ ~ cort+e delirpuent, a~d before a~y interest attxF+es or any penalty is incurred; and insofar as any thereof is of record the same shall be prornptly ~ ~ satisfied and distharged of record and the o?iginal officiat docume~t (wch as, for instance, the tax receipt or the satisfaction paper officially ~ endorzed or tertitie~ 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 u~d dscharged, sai~ MORTGAGEE may at ar~y time pay the same w amr part thereof without waiving or aftetting srry : option, lien, equity. or right under or by virtue of this Mortgage, and the ful) amount of each and every wch payment shall be immed'~ately { due a~d payable and shall bear interest from the date thereof until paid at the rate o~ and s~1E~K~f~s pqrfcentum per annum and together ~ with suth interest shall be secured by the lien of this mortgage. elb[ll C)1C16- Ral 3. To plste and continuously keep o~ the buildings now or herwfler situated on said land and on alt equipment and personatty cov- ~ ered by this mortgage, with all premiums thereon paid in full, firc inwrante in the usual standard poliq form, in a wm appraved by 1he MORTGAGEE, and tomado inwrance in the usu~l standard policy form,in a wm approved by the MORTGAGEE, in wch oompany or compsnies as_the MORTGAGEE rtwy direct; and all fire and tornado inwrsnce policies on any of said buildings, any interest therein or part thercof, in the aggre~ate wm aforesaid or in excess thereof, shall contain the uswl shndard mortgagee clause o~ such other clause as the Mort~agee may require, makin~ the lou under said policies, each snd every, payabk to said MORTGAGEE as its interest may appesr. snd exh snd every - such policy shall be promptty auigr~ed and delive~ed M and heW by said MORTGAGEE as ~fu?ther security to said mortgage debt, and, not less than ten (10) dsys in adva~ce of the expiratian of each polity, to deliver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of wCh renewal; and there shall be no fire or tomado inwrante plaCed on any of said build~ngs, any interest therein or part thereot. unless in the fam s~d with the loss paysbk as sforaaid; and in the event any wm of mo~ey becomes payable urder wd+ FFino-sao-9-~o-w ' S~.t~ - e~K 1b8 ~ ~ ; . m~ . - ~s ~~~~Y' ~ ~ _ _ _ _ , ~ _