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Home My WebLink About1330 • i 2091.84 ~o THiS INDENTURE, Made th~ , SLfl p~, MAy- - _ _y A D. 19 71 , b~tw~s WILLIAM CUR'~'IS_ KING, Jr. and ~'ATRIC'IA. 1.. KING; :ltis wife ot SL. LUC1E' ~~ty, Florid~, I~l1'NMttM ~SI`Mtl~ as the "MORTG/~GOR." x+d FIRST FEDER/?L SIIVINGS 1W~ L0/1N /?S5CICIATION OF INDIAN RIVEit COUNTY, ~ corpwstia+ orta~,iaed and existir~ unde~ the laws ot the Uni»d St~tes of /lmerka •nd luvinQ its pnnupal plsoe of Dusiness in the Ciy of Vero B~ach. Indian River County. Fbrida, heiein~fter desi~nated as M+e "MORTGAGEE•• I~ the MORTGAOOR is justly 1~dp~ t MORTGAGEE in the of Fourteen Thousand_ and _ I~o~ 1Ull'~ cs 14 1M1. ool ~an. ~d ,nd Iswhd ma~y of H:: u~~ted st;h. .d~?~no.d ey N,. MORTGAGEE unto the MORTGAGOR, as evidN+c'ed by a o~etain promissor~• note of even date herewith, of which the followins in wwds f.~~.~ ~ . t~,~ ta~t: 11155 ~ 14. 000. 00 ~ - - ~ v.ro e.~~. Fb.~d.. May 5, i9 71, ~ Fo~ valuc rtce~ved I w we joi~tly o? sevcraty promise tn pay w FIRST FEDER/1l SAVINCS AND LOAN /1SSOC111TION OF INDIMI RIVER COUNTY, t1+e wm of s 14~.~0• ~ , at its offioe i~ Vero 8esch, Fb?ida, with interost at the rate of ~•_S - per es~t par anrwm. in the followin~ erunMr: s 1~~. -79 upon the first of each ~r?d every montfi h~eaher until the full printipal sum. with interest, has bae~ paid: said monMly payments sfwll be appl~cd first to the p~yment of interest on the unpaid ba4nce, and the~ ro the piyn+ent of principal. ~ This note is r+c~otisble and if default in payment occurs. m~y be P1xed in the hands of ~n attorney at law for rnllection, tn which ~ evrnt 1 w we agree to pay ttx costs of collection, includin6 ~ ~easonable attcxney's fee, and each of us, whether maker, gwra~tor or endorser, neroby severally wsives demand, not~ce of non-wvment snd protest of this note. /s/William Curtis King, Jr. _ ,/s/Patricia L. King _ _ _ _ _ ._~,p ~ In tF+e event any payrnent is not rrrde prio? w the 20th d~y of the n+onM whe~+ due, then this note shall bsa~ interost at the rat~ of A~ fran the d~te any wch payment becsme due and throu~hout the pcriod of wch defirquency. ~ 5hte stsmpa psid u+d csncalled on wi~in~l of Mis note in the amant of . NOW, THEREFORE. the MORTGACAR for the purpose of sewrin~ the pay~tnent of the s~id xwn of s.14~ ~0, ~ ~ th~ perMrma~ce of the coveewnts snd agroements herein+fter exPressed. and ior divers ~ood and wlwbk ooruiderations, by thes~ prosents, does g~ant, ?~a?gsin, sell. remise, rclease. cwwey and confim? unto the MORTC.AGEE its wocessors ~nd assi~ns, all that oe?Isin lot, peoe or paroel of iand. sitwte. h~l~+i and beir+~ in the CountY of ~t. I..L1C1~ . and State of Florida. daac~ibed as folbws: See description attache~d. W STq~ F~= ~ S ~,lP~ ~ ~ V ~ DOCUi+rFNTAp_-: • _ , ~ ~ Q = M'f12'71r~. ~ ~ 0 Q = ~ g ? ~ }AYIiFlI~ ~ TA~ ~ v ~+f~t - ~n' PB.,9o~ ~k = ~ ~ ~a ~~rn ~i~i. ~~wr T° a+~ ~t ~fR PORRl~S. ~ ~ b~ pAlHf 1 11, r1t~~ • a~ THIS INSTitIJMFNT WAS PitFPAAED st, t,rc;c c~~b 1~ ~ ~j BY Jerome D. Quinn C SMITN, NE/ITH, SASITH 8 O'FU~~RE V.O. B~JX S18 6Y t j 1~FR0 BEACH, fLORlUA 32960 c• ~ . ~ together with sll snd sinQular the ter~ements. F+eradit~ments and app~wterw~oes theraenw belonging a in snywise apptctainin~ thereto. snd ~ a ~ I rcnts. issues. Proceeds and p?ofits sctruin~ and to ~otsue fram sald preenises. all of whith art incl~ded in tt~e sbove and iorelWe~ de- 3 strip:~on a~d hibend~xn. ! TO HAVE M1D TO HOLD the above described and Qnnted promises unw the said MORTG/1GEE, its wocassors ud assiQns fweve~. ~ And the sa~d MORTCJIG4R for __~lelLheirs, exewtors. sdrninistntors and assigra, hereby cavenants with the said MORTGAC,EE, its wo~es- ~ s~rs md ass,gns, that t~y_ 3I'e lawfully siersd of the said pranises in ter simpk; that tfie ssme are froe, c{ea~ and dis- [ cha~ged from all liern snd entumbrances in law or in equiry, snd that _ will and .~lelr-_~._ heia shall war?snt and ~efend the titk to the same to the said MORTG14GEE, its u~ors ard assigns. forover a~ainst the lawful elaims snd demards of all persons; PROVIDED. ALW/1Y5 that if the MOitTG/1GOR shall pay ~u+to the MORTGA~EE the promiuwy note hereinbefwe described, and sna1~ truty. promptly and fulty perfwm. discharge. execute, complete. comply with s~d abide by each snd every the stipulations, sgreert~ents. ~ ,~nditioru and Covenants of said promissory note and of this Mort~age, tF~en this Mortgsge s~d the Estate F~e?eby uested shs0 cease ard be and vniA !T !S UI~DERSTOOD that the word "Mortgagor" wFxther in the singular or plural anywhere in this Mortgage, shall be singutar if one ~ ; and shail be plural ~ointly and severolly if more than one, and tfiat the word "Tt?eir" as uscd anywF~ere in tfiis Mortgage shdll bt taken mean "his." "her," w"its," wherever tfie contezt so implies or adm+ts. Also, that wherever there is a referente in the twerwnts and ~ ac-eements hereir. c~ntained to any of the parties hercto, the same shslt be construed M mean as welf as the heirs, tegal represe~tatives, we- cessors and ass~gns teitt~er wiuntary by act of the parties or involuntary by operation of the law) of the same and that the cove~ants herein ~ c_~,ta~r?e~ sha~` t~~nd ard the benefits and advantages inure to the respective heirs, {egal represe~tatives, successors and sssig~s of the ~ ~ part~lS hCrCtO. ~ An~ sa~d Mo~~ors. fw the~nselves and their he~rs, legal representatives, successors and assigns. he?eby jantly s~d severally covenant ' and saree to and w~rh the sa~d MORTGAGEE, its suCCessors and assigns: ~ l. To pay all snd sinQular the pnncipsl and interest a~d the various and wndry wms of wioneY wYabk bY virtue of said PromissorY - note. rnd this rr?ortgase. eKh u+d svery promptiy on tfie d~ys respectively the same seve.ally betane due. ~ 2. To pay all snd singulsr the taxes, ssessments. levies, liabilities. obligations snd incurnbranoes of every nsh~ro and kind raw on ; 4 sa~d dexribed Propertv. or thst he.e~fte. msy be irnpo~ed. suffered. Placed. lev~ed. or assessed thereon or thst heresher msy be levied or ~ assesssd upo~ this Mortgaee. w the indebtedneu secured F+ereby, aach and every, when due and payable saording to Isw, before they be- coR+e deLrx~uent, and before u~y interest sttsches or ar»r pen+lty is inwrred; and irnofar ss any thereof is of recwd the same shsll be p~orriptly ~ sat~sfied and d~scharged of reco.d ar+d the orisinal offitial documer~t (wch as, for instance, the tsx receipt a the satisfaction paper officially a endorsed w certif~ed~ shall be placed in the Fw~ds of said MORTGAGEE within ten dsys nezt after payrnent; and in the event t1~at arhr tF~eof ~ ~s not paid. satisfied ~nd discha?~ed. said Iv10RTG1?GEE msy ~t any timt pay the same or any psrt tF~eof witt?out waiving or sffectln8 amr r opt~on. hen, equiry. w riQFM under or by virtue of this Mort~s~e, snd tlx full amount of esch a~d every wch psyee+ent shall be irrxr~ediately ~ due snd payable arrJ shsll besr interest from the dste the.wf until p.iid at the nte of;ti(a~d cu?tum pet srxwrn and to~ethe? ~ w~~, s~u ~ ~ ~~M ~ ~ seven o~n~a~ ~ 3 To plxe and co~t~nuously keep on the bvildi~s now or hereaher sitwted o~ said land and on all eQuip*~ent and personalty tov- e*ed by th~s mortgage. vinth all p.emiurns thtreon psid in full. fire inwrance in the uswl standa.d policy fwm. in s sum approred -bp ti+~ # ~ MORTGAGEE. ~?v! tomsdo inwrsnce in the ususl st~ndsrd policy fo?en.in a wm sppraved by the MORTGAGEE, in wch compsr~r or oomP~nies ~ as ci~e MORTGAGEE msp diratt; snd ~It fire sr?d torr+sdo insw~nte polities on sny oi ssid buildir.gs, any interest therein a psrt theroof. in the ~ sggregate sum afwesa~d w in actess tfiereof. shsll cont~i~ the uswl standa?d mo~t6sgce tlause or wch other tfause as the Mortwpe m~Y : ~ rcqu~re. makine the los unds? s~iA ql?c~es. exh and every. psysbk to said MORTC,AGEE n its interest may appear. and each and ~wry ? wch poilq sMll be pranptly assi:nad and delivered to anA held by said MORTGAGEE as fu?ther sccurity M ssid mwtpge debt. and. not tess than ren f 10: days in ~vsna of the expirat~on of each polity. to de~~ver to ssid MORTGAGEE s renewsl thereof. to~ethK with ~ r~aipt ~ fo• th! premium of wci~ renewal; and ths.e shsll be no fire or to~nado insurance plsced crn any of said build,ngs. ~ny interest thenein or pan the.eo!. uniess m the form and w~th the lou psyablr as afwes~td: and i~ the event any wm of mo~ey becanes p~ysbk und~r tu~h ~ cFIRC-25i-SM-i0-b3-M ~ ~.r~. - ~ Y . ap~ .A l' - i ~ 4 4 X ~~~`"~"'A~"~ ~Y~.~'_'"~ a~ r_~.~-.. . +ur. . . ?'y wMk~~'~~