The URL can be used to link to this page

Home My WebLink About0397 % . : ~ ~oas~s TFiIS INDEf1TURE, Made the 17Ch Day of MarCh , A D 19 71 , between Z. F. \'ANC~ and FRL'DA M. VANCE, his wife _ ~f ST. I.L1C1E' ~p~nty, Flor~d~, hereinafter designated as the "A10RTC,,/1GOR," and FIRST FEDERAL S/1VIfVGS AND LOAN ASSOCIATION OF INDI/1N RIVER C~U'~lTY, a carporati~ o~gan~:ed and ex~st~ng undcr t?+e taws ot t?~e Umted States of Amcrica and hav~ng ~ts prinapat plate of busineu ~n the ~~ty of Yero 6each, Ind~an R~vrr County. ftar~da, here~naftcr des~gna~ed as the "MORTG/1GEE." R MORTG/1GOR ~s .us~}~ i ~}Q ~he MORTGAGEE m ~he sum o4 Nine Thousand~ Nine Hundred and~~ s 7i Vl/ ) Do~ ~ars, gwd ~nd tawtu! m~ney e~ the Umted Statcs advanced by fhe MpRTG/1GEE unto the MORTGAC,OR, ss evidenced by s terfa~~ prom~ssory~ n~te of e~e~ date herew~th, of wh~ch the follo~.~nQ in words and f~Cures is a true Copy, to-wif: ~ i 9' March 17, N~~S~~ ~ i s~ Vero Baach, Flonda, 19 . . ~ Fo. value rece~ved 1 0? we jointly or severaily prom~se to pay to F1RST FEDERAL SA\~INGS AND L011N ASSOCI/1TfON OF IN~IAN ~ RIVER COUNTf, the sum of S 9~ 9~• ~ , at its offece m Vero Beach, florda, w~th Interest at the ?ate of g• 5 xr cent per annum. in the fol~owin~ rtw~ner: ~ S 85. ~.4 upon !he first of each and every month hereatrer unc~l the tull pnnc~pat sum, M~th ~nterest, hss been pa~d; sa~d ~ monthty payments shall be appi~t~ f~rst to the pavment nf interest on the unpa~d ba~ance, and then to the payment of printipal. This note is negot~a5le and if defau!t in pavment otcurs, may be placed ~n the hands of an attomey at law for co~lechon, in wiiich t event I cx we agree to pay the casts of co~lecr~on, including a reasonable attorney's fee, and each of us, whether maker, guaranror or endorser, here5y severally ws~ves demand, nor~ce ot ~~-~avment and Drotest of th~s n~te. /s/Z. F. Vance ~ /s/Freda M. ~rance In the event any payment is not ma~e prior to the ~Oth day o4 the month when due, tfien th~s note shall bear interest at the rafe of from the date any such payment became due and throughout the per~od of such delinquency. , ~ State stamps psid and cancelled on or~ginal of rhis note in the amount of S 14..8J . NOW, THEREFORE, the MORT,r,AGOR fot the pu?pose of seturing the payment of tF+e said wm of S~s-9~•.~.- snd the Nerformance of the covenants and agreements hereinafter ezpressed, and fo? divers Qood ar?d valwble tons~derations, by these presents, does g~ant, bargain, sell, remise, release, tonvey and tonfirm unta the MORTGAGEE its wccessors and suiQns, all thst Certain lot, piece or p~rttl of land, s~tuate, lying and being in thc County of St. LUCle and State of Flwida, described ss follows: ~ Lots 22 and 23, Block 14, LAKEWOOD PARK, UNIT ~ 2, -according to the plat thereof as recorded in the office of St. Lucie County, Florida, in Plat Book 10, page 56. ; ~ ~ , ~ Prr"'»'1. Q 9~ t~ t,~~r ao t~uc~s t~:,E c, c,~?~ ~ Hrr~wc~ Pe~K l~~n, Pl~ti~::A.Mi TO CiiI1P'TCR 20T2~1. ~TS ~ 19i1. P,OG~R F'OITiiIIS, CIlfi t~ra~ Q~t THIS It~STRuA•.ENi K'A$ pQFVARED s; ~ert fa ~RtEL R IQrO*LQ 1R w~ eY Chas. E. Smith ' LUCk CpYI~ T~ Me~ SM~TH, tiEA7M . ~ ~ ~ • ~~0~- SMITH b O'HAlRE ~ P.O. BOY ~1g ~_Ln~ VFRO BE/?CH. FIORIDA 329b0 ~ ~ /y ~s oay~r a~ ~ ~ ' ; t~gethe? with slt and singular the tenements, hered~taments snd appu~tensntes thereunto belonging cr in snyanse apperta~ning thereto, sr+d ; € a~! .ents. iuues. proteeds and profits accrwng and to accrue from said p.em~ses, al! of wh~th are inc~uded ~n the abo~e and forego~ng ar- ~ scription snd haDendum. ~ TO HAVE AtJD TO HOLD tfie above described and granted premises unto the sa~d MORTGAGEE, its wctesson and su~gns forever. " their g ~ And the said MORTGACAR for htirs, exetutors, administrators and assi ns, hereb covenants w~th the said MORTGAGEE, its wcces- ~ $ ;ors and assi~ns, r?~r.. _ they are _,,wf~,,,, ~ized of the sa~d premises m fee simp{e: that the ume are free, deir snd d~s ~ charged from all liens snd tnCUmDra~ces in law or in equ~ty, and that t~e}~ _ w,Il and LhQelX_ heirs shall warnnt and detend the titk to the sasne to the said MORTGAGEE, its wccessors and auigns, forever against the Iswful claims md demanCs of all persons; PROVIDED, ALWAYS that if the MORTCJIC.OR shall pay unto the MORTC.AGEE the promissory note hereinbefore descnbed, and ~ shall truly, promptly and fully perfo.m. d~scharge, execute, compfete, complY with snd abide by each and every the st~pulations, aQreemer+ts. ~ cond~tions and covenants of sa~d pr~rmssory note and of this Morteagt, then this Mortgage and the Estate hereby treated shall cease and be , nul{ snd vcHA iT IS U~/DERSTOOD that the word "Mortgagcr" whether in tM singular or plural anywhere in th~s Martgage. shaq be singular if one } ~ :,»!y and shat! be piurat ~ointly and se~erally ~f m~re than one, and that the word "Their as uscd anyvvtiere in th~s Mortasge sFull be taken ~ ro mean "h~s," "her," or "its." whe:e~er tne c~ntext so imphes or admrts. Atso, that whe.e~er the.e is a refere:?ce in the tovenants and ~ agreemenis herein contained ta any of the partles hereto, the same shall be ca+strued to mean as we!i as tfie ?~eirs, legal representatwes, suc- ~ ~ cess~rs and ass~gns 1e~ther volunrary by act o.' the parties or mvoluntary by eperanon of the law! ot the ssme and that the covenants here~n " c~:a~ned sha11 b~nd and t!x bene=~t5 ~nd ad.anta~es inure ta tht reapeCtive hl~rs, kgal reprCSer+tat~vts, successo~s and aiSisns of thC ~ ;,a~t~es hereto. ~ And sa~d Mortgagors, f~r themsel.•es and the~r he~rs, Iegal representat~ves, succsssors ark! ass~gns, hereby jo~nNy and seve~atly covenant ~ a~d agfee to and ~~th rne sa~d MORTGAGEE. ~rs successors snd ass~gns: F _ 1. To pay all and s~ngutar the pnnupal and mterest and the various and wndry wma of money psyable br virtu- of s3id prom~ss~ry . - ~:~te, and th~s mortgage, est?+ an0 eve?y D~«nDtly on the days ?espett~~eiy tne same severally become due. - 2. To pay aH snd s~nguier the taxes, assessments, levies, IisDilities, obtiQations snd incurt+brances of every nature snd kind now w+ ` Se~d descr~bed p?opertv, or that he•eaFSer ma> be ~m~zed, wf4ered, placed, lev~ed, o. assessed thereo.~ o. that hereatter msy be te.~ed w ~ asses;N' upon this Mortgage, or the ~ndebredness secured herzby, exh snd rvery, when due and pavable acc~~dmg t~ !aw, befo~e t?.ey be- ~~me delmquent_ and beiore anv mterest attaci,es or any penalty is incu..ed; and ~nsofsr as any thereof is of retord the same shall be prompNy ~ ~ zatr,t~ed and d+scha~ged ef rc~curd dnd thB One~na~ att~c~al dxument (such as, tor ,nstance, the tax receipt ar rhe satiilxnon paper otfiualty ~ ;;Y e'~do~sed O? cerhf~ed: shall be plxed in the Hanas of sa~d MORT~,/1GEE w~th~n tCn days next after payrr~nt; and in the e~ent rh~t ~ny ther~f ~ ~s not pa~d, sar~sfleC snd d~xharged. se~~ MORTGAGEE may at sny time pay the same or a~y part thereof w~thout waiwng or aftectinQ any ~ ~ o~t~on, I~m, eqwty, u? nght under o. bY v~rrue of t~is MortQaQe, snd the full amou~t of each and every such payment shati be ~mmeA~ateiy ~ d,.e and payable and shall bear ~nterest from the dart thereof until pa+d at the nte o~fxx and ~(Q(~ per centum per annum and toQethe~ - w~th such interest shall bc secured by the t,en of this mortw~~. ei ht one- half 3. To plsce snd tont~nuously keep un tne bu~~d~nas .aw or hercafte~ s~twted a~ said tand a~d a+ a~~ equ~pmeret and pe~son~ity cuv- ~ e~ed 'oy th~s m:,rteage, w~tti r~' p~em~ums the~e~n pa~d ~n tull. fire inw~ance ~n the usual stan~.d pol~cv ~orm. ~n a sum appro~eA by ~;k ~ MGRTGAGEE. and rornado ~nw~ance ~n the usual :::.+da.d policy form.in a sum spproved b~ +he ~aORTG^GEE. ~n wc?+ companY o. compan~es as rhe MORT~AGEE msr d~~ect; a~d stl fi+e a.~d tw*+ado ~~wn~ce pollaes on any of ss~d build~nQs, any ~nterest the~e~n or part thereuf, ~n the 3 a~greQate wm ~fo+ess~d o* in excess thereof, shall co~ta~n the uwal sta++dard mort~agee ct~use o. such other cta~se as rhe Matp`ee may ~ ` ~cquue, makin` the loss under sa~A pohaes, exh and every, payable to sa~d MORTGAGEE ~s ~rs ~nterest may appear, and ex?+ and every ~ ~ such pol~cy shsll be promptly ass~enr! anG deliver~d to and held by ss~d MORT(',/1GEE as fu•r-,er securety to sa~d mcxt~aQe debt, and, not ~ess thsn ten ! 10) davs ~n ad~ance of the expirstio~ of each poliey, to delrver to sa~d MOR7GAGEE a~enewal tnererf, together w~th • rtteipt 2~; lo. rFx prem~u•n of such renrwal; and ?here shall be no fi?t or Mnudo ~nsurante ptxed on any of sa~d bu~ld~ngs any ~nte~est there~n w = ps.* therr~f, unfess in the fwm a.~ with tF?e loss pay~bl~ as afores~id; and in th~ ~vent any wm of mo~ney bccomes payabl~ undsr wd~ ' rr~Mt~t6/-lUO-MN-? " ;~K ~91 3s6 : - ~ E . _ . . _