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Home My WebLink About0984 , J~, a~• QU ' . Vero Beath, Florida.._..__Apl ll LG i9' l . t~ ti UC10\V Sl~t',Clf 1LC~ . attcr da~J, i, wc or ciihcr of us aromiu to pay to ~hc ..r,:,:r ~i "1_i tL,INDIAN IZIVER CITRUS.I3.?1~K, a I?lori~i:t. bankin~_cur~oration___. _ -----1-~rr~' THOUSAND ANDNO/100-_-~--,-----------------------------.-._ ;.~~n~s _ _ . . . . - . - . . . _ a~ ~or va~ue rece~ved ~he Indian River Citrus E3ank, Vero Iieach, Florida ~ . PaYable at . . . . . ~ - - . 'h' . - . r?,t ~ntcrest m ~ aS ~'10\V S c":C1I1CC: ~ ~ _ . a~te__._ at the rate of .7~3~.`}~Q per cent per onnum uMii ~.iid; intcrest payable - . . ' - Md ca:h of us wM~fhe? rtuike~, s~~tor or erxiorser, hereDy sev~:ralty wa~ves and rc*wur.ces any and att hemestea~ ezem, t,on n;,F,f; ~c m~y t•, ~~rxS~v N.e Co+~slitution or Laws of Iho Stata ol flo?ida, or any otiur Statc or Un~tcd 51at~s, as ada:nit this notc; an0 each furfh~~ K•o~ves ckr.»nd, i„e ut oon ~w;~nent and protest, and in Ihe ovsnf it breomss necessary fo catcct thes noto tNough ~n attwney. a~r~v:s to pay all eost~ of co~i~-d~.,rti ~,.:.:.l~n~ reasor+abte stfo~noy's tee. • "l'l~e principal and intei-ese of this note sh11I bt; due az~d p~lylble in sia~ty (60) mwzthly . iuStall»>ents of ~600.00 each, commenci~~b o» jui~c 1~, 197i, 111C~ COlltl~lltlll`~ on tiic :>th d~y of each and every month therezfter u~~til 60 monthly LTiSt~lI111ZCiltS hlve la:en ~~aid, and that on Nla}~ t5, 1976, the en~ire r.~m~inin~ tinpuiu ~:zi:~c;re oi E~rii~ci~~al : :ind interest shall then become due 1nd payaUle. All p.~yments to bc ~nplied fi~•st ~ acci•ueci interest and the remainder to ~rincipal. In the eve;nt of a default in any ~ ,~:z}~i~~ent oi principal or interest which dc:f~ult Sjltill 17tX I~ C02-tected within 30 ~ays F :;~creafter, tl~en the entire remaining unpaid baiance ~liali imme~iiztely bccome ~iuc : ~ ;~:~d pa~?ablc at the option of the holder of this note. ~'iny payment or any part ~hereof may be made on or before its due date without penalty, ~75.00 State Documentary Starnps ~ affixed to original note and PA ItA 1~OUNr AQUA RI[3~1,. I.\C. (Corp. cancelled. ~ = G / • 1 •/rS~t`~• ~`C V~.i~~ L V~.~G_~/ rC~ ~/L.i:~C~~~/ aY ~ . . J~ ~ SEAL : I~erdinaiic~-CoCiiii; ~Y~resiilcnt ~ __._...----o~.__..~.____.__..._____~..~----:---- Attest:~s~. ~arla Schnelle-------- . s~+L ~ Carla Schnelle, Secretazy ~ _ _ _ _ _ . . _ . . and ahall duly. promptly and tully perform. di~charge, execute, effect, complet~, comply w~th and abide by each ` and eti•erv the siipulation~, agreements, conditiuns and covenants of snid promissory note and of this mortgage. then thia mortgage and the estate hereby created shall cease and be null ana void. It is underatood that each of the wonis, "noie: '"mortgagoY' and "mortgagee" respecUvely and the proa- ~ ouns reterring thereto, whether in the singular or plural anywhere in this mortgage. ehal! be eingular ft oae onl ~ and ahall be plural jointly and severally, if more than one, and shall be masculine, feminine and/or neuter~ wher. f ever the context so implies or admit~. - And safd Mortgagor for himeelt and hia heirs, legal representatives, successors and assigns. hereby coven- ants ana agrees to and weth said ~fortgagee, his legal representatives, successors and asslgns: 2. To pay atl and aingular the prIncipa! and Intereat and the various and eundry suma of money payable b virtue of~aaid promissory note. aad ihis mortgage~ each and every, prompUy on Lhe days reapec4vely the same ° aeverally become dua ~ 2. To pay all and aingular the taxes, ~sessments, levies, IiaDitities, obtigations and incumbrances o! every nature and kind now on said described property. and/or that hereaiter may be imposed, auffered~ placed, levied ¢ or assesaed thereupon, andlor that hereafter may be levieci or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, xhen due and payable according Lo lew. before they become delinquent, and before any interest attaches or any penntty is incurred; and in so far as any thereof ia of record the same shall be promptly satisfied and discharged o! record nnd the originai officiat document (auch na, tor in~tance, the tax receipt or the satiafaction paper officially endoraed or certifiedl shall be placed in the hands of said Mortgagee within ten days next after payment; and in the event that any thereoi is not so paid, satisfied and dischatged. said 1lfortgagee may at any time pay the same or any part thereaf v?~thout wai~nng or affecting any option, lien, equity or right under or by ~•irtuP of this mortgage, and the full amount of each and evetq such payment shall be immediately due and payab~e and shall bear intemst from the date thereot uniil paid at the rate oi Len per centurn per annum and together with such interest shalt be aecured by ihe lien of this mortgage. 3. To glace and continuously keep on the buildinRa now or heteafter aituate on said land flre and windsiorin lnsurance in the usual standard policy form, in a ~um not less than ;..~S~~lE-' V3IUe , in auch com- - pany or comp^nies as may be approved by sai~l 111orfRa;,ce; and all such insurance policiea on any ot aaid buiid- inga, any intrrest therein or part thereof, in the a~grYgate aum a[oresaid or in excess thereot, ~hall contain the usual standard mort~agee clause making the lu~s ur.dPr said policies, each and every, payable to said Aiortga- gee as his interest may appear, and each ar.d. e~•ery surh policy shall be pmmptly delivered to and held by aaid 1?Iortgagee; and, not less than ten days in ad~•an~e ~f the expiration ot each policy, to deliver to snid btortgagea a renewal thereof. toAether w-ith a receipt tnr the premium of ~t~h r~newal: and there ~hall T?e no auch insur- ance placed on eny of sald buildings, any interest therein or part thereot, unless in the focm and with the loss pavable aa aforesaid; ar?d in the e~•ent any sum o[ money becomes payeble under such policy or policies said Mort~agee shall ha~~e the option to receire and apply the same on account of ihe lndebtedness secured hereby or ' to permit said ~iartRagor to receive and uce it or any part thereot for other pucpo~ without thereby waiving ~ or impairing any equity, lien or ri~ht under ~r by virtue of this mortgage; and in the evea[ said Morigagor_~hal! for ar,y rexso~ fail to kerp the said premises so ineumd, or fail to dellver promptly any of said policiea of = insurance to sa~d rtortgaRee. or fail promptly to pay fl~lly any premium theretor. or in any resypect fail to per- form, diachar~e, execute, effect, complete, comply w~th and abide by thla covenant, or any part hereof, said Mortg- agee may place and pay for such insurance or nny part thereof without v~aiving or a[feeting any opiion, lipn. equity or right under or by ~•irtue of this mort~age, and the futl arpoimt of each and every auct~ payrrtent shall be immediately due and pa3able and ahaU bear intPrest from the date thereot unt11 paid at the rate of ten per centum per annum and together with such interest ahall be aecured by the llen ot thls mortgage. - 4. To permlt, commlt or autfer no v?aste, tmpairment or deterioration ot ssld property or anq pact thereot. 6. To pay all and singular the co~ta, chargea and expenses, lncluding reaaonable lewyet's feea and cost o! abatracta of t1Ue, incarred or patd at any time by eald Mortgegee because and/or 1n the event of the tallurs on the part ot the safd Mor[gngo~ to duly, promptly and [ully perforrq dfecharge, e~[ecute, effect, complets~ comply with and ablde by each and every the stlpulaUons, agreements, condlUona and covenanta o! said promis- iory note, nnd Ws mortgage, any or elther, and said costs. charges and ~xpenses, esch and every, ahall be Im• mediately due and payable. whether or not there be notice, demand, attempt to coliect or sWt pending; and ths tWt amount o! each and every auch pnyment ahuli bear intereat from Lhe date thereof until patd st the nte ot ten per centum per annum; and all satd coate, ehargei and e~cpenaes eo /ncureed or pald, together wlth such in- terest, ~ha1l bs aecared by the lien ot thla mortgage. . ~ ; ino~19,Z o~F~~~ ~t,,~~r_ ~ 383 ~acf 9I29 ~ ~ ~ ~ ~ ~ ~ Y ~.-a ~ ~ :iw"~ 3c c ~ ,5~'"~jg- y~ ,.ye,.ss . ~,~~~~~~a ,~~"~~~k ~ . . ~ - r,fa~~XCx... i~ .,c.>, ~