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Home My WebLink About2679 . 21~4~)V2 TNIS INDfNTURE, Mad~ tM 2~h ar o~ 1al:?~~x e. , w. o ~9 71 .M.II.FOR[? S.~ PURC~I. and 1DA COPL.AI~I. PUI~C~L, hia wite _ of SL. I..UC~4 Cax+ry, Flor~da, her~inaftN dai~nued as tM "MORTG/1GOR," a~?d fIRST fEOEWLL 5/1V~~~GS /1N0 LOAN ASSOCIATfON OF INDIAN RIVER COUNTY, a cwpaation o~~a.?~ied and •x~st~n~ unde~ tM Iaws ol th~ Urnted Sut~s of Amc~iu and hsv~na ~tt princ~pal plau of busin~ss in tho City uf VKO 8eath. Ind~,~ R~ve. Cow~ty. Fta~d~. F+~reinal~c. dcsi~~a~ed as ~M "MORTG/1GEE•. ~~F1 jt ~h. MoaTC.~coR j~{~ ~p~!~~ro~~i MORTGnGEE o~ Two Hundred Fifty 'Iliousand Alld lVO~j~ ls L.~U~ l~Jl).. W.) Ooilars. eood ar?d fawful ma+~y of the Unfted Statcs aMae+c~d by tM MORTG/1 E unro the MORTG/1GOR. as ~videnced by a cKtsin promissory• note of cver~ date hercwith, of which tF+~ folbwin~ in words ~nd fi~uret is a frtx Copy, to-wit: : 250, 000. 00 rvo. ~~3 v.ro eeKh. Fb.~~. JanuarY. 25~ . ~9 71 Fw value .eceived 1 0? wr ioi~tly w sever~lly promix to pay to FIRST FEDERAL S/?VINGS AND LOAN ASSOGIATION OF INDIMI RIVER COUNTY, the sum of ~.~~QQO..~ at its of(ice in Vero Be~ch, Fiorids, with interest at the .,n of nine (9) p~t cent per anrwm. in the folloMrir~ mane~r: . s--Z~~~7~JQ upo~ the first of exh snd every mo~th hereafte? until the full prirxipal uxn, with interest, has bee~ paid; said monthly payments shall be applied first to the payment of i~terest on the unpaid balance, and then to the payment of principsl. ThIs noro is ne~otiabk and if defsult in payment occurs, may be placed in the hands of a~ attorney at law for coliection, in which ~ event I o? we s~rce to pay tF+e costs of tolkction, including s rcasonable attwney's fee, and exh of us, whether maker, guannror w erdaser, hereby severally waives demand, notice of non-uavment and protesf of this rwte. s Milford S. Purcel . - . . / l_----------------- . - - _ /s/Ida C__op_lan Purcel------- - - - --cs~~u In the event any payment is not made p?io? to the 20th day of the ma+th when due, then this note shalt bea~ intercst at the nte of 17~~ from the date sny such psyment became due and througF+out the pereod of such delinquer+cy. U~ Stste stamps paid and tancefled on wiginal of this note in the amount of f..~7.~2• - NOW, THEREFORE, the MORTGAGOR for the purpose of seturing the paytnent of the said wm of S~~Qs and tM performsnce of the cwenants and agreerne~ts hereinaher expressed, and for divers ~ood and valwble ca~sideratiaes, by these presents, does g?ant. bargsin, sell. remise, release, convey and ca+firm unto the MORTGAGEE its suctessors and assigns, sll that certsin lot. piece w psrcel of land, situste. lying and being in the County of St. LUCle and State of Florida, described u follows: 1 -3 4 See Legal Description attached. STAT E pF ~ s A R~~~ , _ } D., ? z _ _ o ~ ' J; 7800- ~ ~ ~v = - - . . ~ ~ ~ ~ L . _ .~TAT~ ~ ~=Lt?~ ~ ~ +Jt~lDA 3i~li~A _ ~l2.. :=:3~it~ TAMPi~ ~~AMP TA:: =t1MP TA" . 1?+is ir~sTRUr~?~r w~ PreEVwaEo ~ =s .t~ltt~'ri - ~ sr CHAS. - - ~ 9900= ~9900=~ = E• sMrr ~ 9 9 ~fl 0= ~,~TM s ~ . - . _ P. o. eox sia ~ VERO BEACM. FLORIDA 32960 ' togethe? with al) snd singular the tenernents, hereditaments and sppwte~antes thereunto bebnging w in anywise appertaining thereM. snd aU rents, iswes, proceeds and profits actruing and to attrue fram said p?emises, all of whith are includcd in the sbove and foregoing da j scription and habendixr~ i TO HAVE AND TO HOLD the above described a~d granted premises unw the said MORTG/1GEE, its wctasors and assigns forever. ' Md the said MORTGAGOR fw...~~~r _heirs, e~cewtors, administratoa and auigns, hereby covenants with the said MORTG/1GEE, its suttes- sors and assigns, that___.__Z~}l ~r~------------------Iswfully seezed of the said•premises in fee simple; thst the sama are free. desr and dis- charged trom sll lie~ snd encumb~ances in law or in equity. ar+d thst - theY--- w~11 ,~,a their _~~n shall warrant ar+d deferd the title w the ssme to the said MORTGAGEE, its wocesso.s and auigns, fwever against the lawful claims snd de.r+ands of all persons; PROVIDED, ALWAYS that if the MORTG/1GOR shall pay unto the MORTG/1GEE the promissory note hereinbefwe desttibed, and sF+all truly. prar~ptly and fully perfo~m, dischar~e, exetute. complete. comply with snd abide by esch and every the stipulatio~s. sgreernents. conditia~s and tove~ants of said promissory note and of this Mort~age, then this Mortgage and tF+e Estate hereby created shall cease and be rwl) and voi~1 IT IS UIJDERSTOOD that the word "Mortgagor" whether in tFvs si~gular or ptural anywhere in tfiis Mortgaae, shall be singular if one only and shall be plural ja~tly dnd severalty if more than one, and that the word "Their" as used anywhere in th~s MortQaQe shall be hken to mean "his," "her," or "its." wrF~erever the context so implies or admits. Also, that whereve~ tF+ere is a refer~ce in the covenants and agreements herein contained to any of the parties hereto, the same shall be construed ro mesn as wetl as the hein, te~al representatives, wc- cessors and assigns (either voluntary by xt of the parties or involuntary by opbration of the law) of the same a~d that the covenants herein contained shall bind and the beneiits and advantages inure to tF?e respettive heirs, legal representahves, sutcessors and assigns of the airtieS hereto. Md said Mortgagws, for themsetves and their hein, legal repiesentatives, successors and auigns, hereby jantly and severa{ty covenant and a~ree to and wlth the said MORTGAGEE, its successors and aui~ns: 1. To psy all and singular the printipal and intetest and the various snd wndry wms of money psYable by viriue of said promiss~ry note, and this mortgage, exh and every prcxnptly on the days respettively the ssme severslly become due. 2. To pay sll snd ;ingular the tsxes. sssessments. fevies, Itsbllitl~s, obli~ations and lnCUmbrsnCes of ev~ry natun and kind now on said describcd property~ a that heresfter may be imposed, suffercd, placed, Itvied, o? assessed thereon or that hereaNer may be levied or sssessed upon this Mortgage, or the indebtedness secu?ed he.eby, exh and every, when due and paysbk sccording to tow, before they be- come deJi~quent, and befae any interest attaches w sny penalt~r is incurred; and iruofar u any thereof is of record the same shall be prompNy satisfied snd d~xharQed of record and the oriQinal official document (wch as, for instance, the tax reteipt or the satisfxtion paper offitially endorsed or certifie~ shall be plxed in the hands of said MORTGAGEE within ten days next after payment; and in ehe event thst any thereof is not paid, satisfied and diuhs.ged, sai~ N{ORTGAGEE may at sny time pay tFx same or any patt thereof without waiving u sftettin~ a~y option, lien, equiry~ w right under w by virtue of this Matgs~e, and the tull amount of exh snd every wch payment shall be irrmediately due snd paysble snd shsll bear interest fram the date thereof until paid at the nte ofgp[)j~ per cmtum per amum and to~ethe~ • with wch interest shall be setured by the lien cf this mortp~e. nine 3. To plate snd continuanly keep o~ the buildinQs now or heresfter sitwted on ssid land and on stl equipment and penanaity tw- ered by this mortgage, with aIl premiums thereon paid in full, fi?e inwrsnce in the uwsl standard poiicy form, in s wm approved ~y tt+e MORTG/1GEE, snd tansdo inwnnce in the uswl stsndard poliq fwm,in a wm spproved by the MORTCAGEE, in wch campany w tompsnies as the MORTG/?GEE may dirett; a~d all fire and tornsdo inswante policies on srry of said buildinas, any interest therein or psrt the~eof, Pn the ~ sagrrQate sum sforesaid w in excess thereof, shsll contsin the ususl standard mortgagee clause or wth other clause as the Mortga=e~ msy ' r re. makin the loss unAer satd policies, exh snd tve s equ~ e ry. psysbk to said MORTG/1GEE as its interest may appear, and exh and every ; wch policy shall be promptly sssi~ned and delivered ro and held by said MOitTG/1GEE as fu?ther sec~rity to said mort~a~e debt, ~nd. not ` less than ten (10) dsys in sdvance of the explration of ~xh polky, to deliver ro ssid MORTGAGEf a re~ewal thereo~, toRether with s reuipt fw the premiun+ oi wch renewal • ard there shsll be no Hr~ or twnsdo inwrance plated on a~y of sa~d buildmqs. any inte.est there~n w psrt th~rwf, unl~ss in th~ fwm snd with the loss paysblt as afaaaid; snd in the went sny wm of money bscwrw: payabl~ vder wch ?I H~C~ 231-SOO-f-N~A . ' a~189 7~671 ~ . _ ; ~ . ~~'~~,~~~~~~,'a~~{~~x__._