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TNIS INDENTURE, hia.lc Ihe 19th Oay of Al~r~l ,/1 D 1971 , txtwecn
WOO[), fiEARI) ANI) r~SSC)C(ATL•'S ,INC. _ _ ~
of S~. ~.UC1C ~ ~~~ry, flo~ida, he~einalter desi~nat~~i as the "MORTGAC+OR," a7d FIRST FEUERAL SAVINGS AND
LOAN ASSC?CI/~TION OF INDIAN RIVER COUNTY, • to~porat~u~ o~6anized and ex~stu~ Vnder the I~ws ol the Umtcd S~stes ol Amorica
and having rts pr~nc~pat place of business ~n fhe Gty of Ve~o BeaCh, Ind~.in Rrvcr County, Flptida, hmcinaftp dclHti~ed as 1hc "MORTG/~GrE."
~y~R~/~5~1~.tv1QR~/1GOR ~~lus y in.1~j~d~p`
the MORTGAGEE in thc sum of S1XtC'en Thuusand Foux~
~~UllliTt c v~ 1W° ISY~j~ 4W. W 1 Doita~s, F;o:Yi and lawful m~ney of the United States aAvanted by the
MORTGAGEE unto the MCIRTGNGOR, as e~~dence.i by a ce~tain prom~~s~~r~• note ut eve•~ date Ikr~~~v~th, 01 whKh the follaw~nQ in word~
~,Qu«s ,s , ~~y. ~~-W,~: ii141
S 16, ~00. 00 .
Vero Bcach, Flon~fa. April 19 i ~971
For value received I o~ wE jomNy or sCverally prom~ce to pay ro F~RST FEDERAI SAVINGS AND LO/~N ASSOCINTION OF INDI/1N
RIVER COUNTY, the sum of Sib~ ~QU. at its o(hce ~n Veru E3each, Flonda, with interest at the rate of 7. 5 1
par tent per annum, in the followin~ man~er:
S 121. 2~ upon the first of exh and every mcv~th hereafter unhl the tull pnnc~pal sum, w~th mterest, has been pa~d; said
monthly payments shall be apphed f~rst to the pavment e( intcrect on the unpa~d t~alance, and then to the payment of prinNpal.
ThFi r+ot~ is r?Olotiable and if deFaulf in pavment occurs, may be p~aced in t hands of an afforney at law tes~ collect~on, in which
e~~nt ( o~~~k a~r tl? pay the costs of c~~llection, including s ~easa+able attomey's ee artd ch u, wh her e~, uaranror or endorur, f
hereD~,~?l~ r~Y ~~H~'s domand. ~once oi r?.~n-oavme~t and protest of th~s nate. ~[;E SOCIATES~ INC.
, A ?1 r~,,
~ , - BY /s/ rthur . Pr~sident `~aD '
_ : Atte ~v?d~ e i~ -
o . ~ ~ 1~ . '~'i'~~~r~ Treas'4~~r
- : .
~ie~ aiVp~lt"is not made p~io. to the 20th day of the mcx+th when due, then this note 11 bear inte est at tF+e rate of
~ ~ t~ a!~ ~~1it* syment became due a~d througFw~ut the period of such delinQ~rency.
8.
~ • ~ ~ ~ ~ ~ 24 60
,~~I~y~i~tancellcd on orig~nal of this note in the amount of s • .
r ~
~',j~l~~ the MORT~,AGOR fer the purpose of securing the payme~t of the sa~d sum of 516~~~. ~ and the
~erfo?tr?ifk~,R(~, ts and agreer»ents hereinafte~ expressed, and for divers good and valuable tonsiderations, by these presentS, dw.`S ~
grant, ba~R~in, Ye ,'iertysp, release, convey and confirm unto the h10RTGAGEE its successors and assigns, all that certain lot, piece or parcel of
!and, sitwte, lyi~g a~1d bting in the County of St. ~-.UCIe and State of Florida, destribed as (ollows:
1_ot 11, Block 2, ORANGF BLOSSOM ESTATES, a Subdivision, -
~ recorded in Plat Book 11, page 6, of the public records of St.
Lucie County, Florida.
~
3
- ~ ~~~~ra.~i~~Rn
~R~ ~C ~Nil1N~6?~.E TM~ ~raTau~ wwt N~~
jd dy~PTER 20721. IICiS OF 1411. ~'f/R/~~
sY /?1 it NA k ~
Rp6ER PORPJIS. Clert? ptwn Court ~~TM+. s""~TM a~'"`~aE
~~ept br DAtIIEI Il KNO~MLE~ 1R v_a eox s~s
~ VERO EE/~CH. FLORIDI~ 3296~ f
LtlG1E (A~t~ TQ Ci0~1K~Of ~
~ ~ ~r ~ ~
i together with all and singular tl~e tenements, hered~taments and appu~tenances thereunto belonging or in anywise appertalning thereto, and
~ a!I rents, issues, proteeds and profits actruing and to actrue from said prem~ses, alI of wh~ch are included in the above a~d foregoing de-
l uript~on and haber?durn.
~ TO HAVE AND TO HOLD rhe above desc.ibed and granted premises unto the sa~d MORTGAGEE, its wccessors and assigns forever.
~ suCCessors
~ Ar~d the said MORTGAGOR for 1iS / ~i~L~, executors, administrators and assigns, hereby covenants with the said MORTG/1GEE, its sutces-
~ . . !
~ son and auigns, that .._lt 1S _.lawfully seized of the sa~d p.emises m fee simple; that the same are free, clear and d~s-
successors
~ charged from all liens and encumbrances i~ Iaw o. in equity, and that lt w~~~ and 1tS - /76~i~ shall warrant and ~
~ detend the t~tle to the sart+e to the said MORTGAGEE, its successors and assigns, forever against the lawful claims Snd dertwnds of all persons; ~
3 PROVIDEU. ALWAYS that ~f the MORTGACAR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and i
shal! truly, promptly and fully perform, d~scharge, execute, complete, comply with and abide by each and every the st~pulations, agreements.
~ cond~rions and covenants of Sa~d promissory n3te and of th~s Mortgage, then th~s Mortgage and the Estate hereoy created shall cease and 5e
~ null and vaiA
~ IT !S U~~DERSTOOD that the wcrd "hlortgagcr" whether ~n tFw singular or plural anywhere in this Mo.tgage. shall be singufar if one
~ ^n~y and shall be p~urai jo~ntly ..nd se.erally if more than one, and that t~e word "The~r" as used anYwhere in th,s Mortgage shail be taken
~ me3n "t,~s,' "her," or "its.' whe~ever the context so impl~es ar admits. A.so, that wherever there is a refere~ce in the Covenanfs and
~ agreemen;s herein conta~ned to any of the perties hereto, the same sha~l be const.ued to mean as we~l as the heirs, legal representatives, suc-
~ ~ess~~s and ass.gns (ei!he~ vclwtary bv act of the parties or i~voluntary by operancn of the lawl of the same and tnat tF,e covenants herein
~ c:~ta~n~d sha:l b:nd and t~.e .enef~ss .,•~d ad~antages inure to the respectwe heirs, iegal representatrvei, successors and au~gns af the
~ ~~rt~es he~etc
~ And sa~d (~1~.tgagcrs, for themsel~~es an~ the~r heirs, legal rep~ese~tat~ves, successors and assigns, herebv jeintly and severally c~venant ~
; and agree to and w~th tne sa~d 1~10RT ;AGEE. ~ts successors and ass~gns: ~
l. To pay alI and singuiar the p~inapaf and interest a.?d the various and wndry wms of money payabie by virrus ot said prom~>z~ry
~ote. and th~s mertgage, each and every pr~nptty on the days respect~~ety ihe same severally become due.
' 2. To pay all and singuter the taxes. assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on
p^pe y posed, suffered, p~aced, lev~ed, or assessed ihereon or that hereaftcr may be Iev~ed or
~ sa~d dexnbed rty, cr tha! he~ea'ter ma be ~m
a~zea;e3 upc*+ th~s Mortgage, or tne indeotedness secured hereby, each and every, when due and pavable acc~+ding to law, before they be-
_~me dei~nauer,t, and 5e!~~e an~ mterest attaches or any penalty is ~~curred; and mwfar as any thereof is of +ecord the same sfiall be promptly
: s.~n;t~ed and d.schatged ~f record and t^e '~rig~nal officia~ docume~i !such as, for insrance, the tax receipt or the satis~act~on p~per ofhtully ~
e-+dorsed w cerr~f~ed) s~a~t be p'aced ~n she hands of sa~d MORTGAGEE w~thin te.+ days next after payment; and in ~he e~ent that any thereo}
«S n~t ~a~d, sat+ssied and d~scha~ged. sa~-! t~10RTGAGEE may at any time pay the same or any part thereof w~tMut waiv+ng or affetting sny #
i _pr~on, t~en, eQwty, e~ nght under ~r by virtue ~f this Mcrtgage, and the full amc,unt of each and every such payment shall be imme~~ateiy
a ~ue and pa~ab'e an~ s^ati bear irterest frorn the date thereof until paid at the rate of Y~lCand Yii~}~~er centum per annum and together
s ,~rth such ~nteresr shali oe secufed by the lien of th~s mo~tgage. SeVeil OIle~ S I
3. To pfue a~~ cc~t~~u-:us1y keep or+ t?+e bwldings now or hereafter sitwted a? said land and on all eqwpment and pe.s~na~ry wv-
e•e~ by th~s mar:gage, w~'~ a~~ Dremwms thereon pa~d m full. fire insurance :n the usual standard p.i~ci ~orm, ~n a sum app~.^.ved by ~ha
0.~;~RTGAG~E, and to•nad~ ~RSU:ance the usual standard pofity form,in a sum approved by the MORTGAGEE, m such company or companies
; as the MORTGAGfE ma~ d~rect; and alt f~re and ro+naAa inwnnce potiues on any of sa~d buiid~ngs, any ~nterest the~e~n or part thereof, in the
- agg.agate sum aforesa~d o~ in ezcess thereof, sha11 conta~n the uwal standard mo~tgagee c'ause cr such orhe. clauu as she Mortgagee may
.eQu+re. mak~ng the loss u~der sa~d pohaes, each and every, payable to sa~d MORTGAGEE as ~rs inrerest may appear, snd each and every
~ s;xh p~Lcy s~all be p•om~+tly ass~gned and delirered to and held by sa~d MORTGAGEE as fu~ttier setunty ro sa~d mo~tgage debt, and, not
'ess than ten ! 10) da;s in ad~an~e of thC Cxp+ralion Of e2Ch pOli_ry, ro del~ver to sa~d MORTGAGEE a renewat therec~t, toge~her w~th a receipt
_ for the p•em~um ol suth .enewal; and there shall be no fire w tornsJo ~nsurance plated on any ol sa~d bu~~d~ngs any n~re~est there~n or
- psrt thereof, un~ess in tF?e form and witl, the loss payabk ss aforessid; and in the eve~t any wm of money becomes payable u.?der zuch
rs:Rt-is~-serv-se-• i) k 1 u~ 29~V
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