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Home My WebLink About2767 ~O14g ~ ~ . THIS INOENTURE. Made the _ lst.. Wy of IL1UE~ . _ • ,/1. D. 19 71 . bttw~~n ALEXANDER H, _ FRASER and MARTHA j. FRASER, his wife of St. Lucie Cp~My~ Flaida. MrtinahN d~si~nated as 1he "MORTG/1GOR," snd FIRST FEDERAL SAVINGS MID LOMI /~SSOCIATION OF INDtAN RIVER ~OUNTY, a corporation or~anized snd existin~ und~~ the bwt of tM tlnitsd Stat~s of Mnerka and having its printipal place of busineu in the Ctty of Vero Be~ch, indis~ River County. Flo~ida, hereinaher daiQnateA as the "MORTG/?GEE" wa j~~ he MORTWGEE ~n o+ Nine~~en Tho~usand._Fiy~~_ NUIK~~~~~~---• (s~ pollan. Qood and lawful nw~+~y of th~ United Stat~s advanc~d by tF+~ MORTGACEE unro the MORTG/1GOR, as evid~ncsd by a urtain promiuory note of even dste herewith, of whith ths folbwin~ tn vwrds and ti~ures ts a tn~s copy, tawit: 111~~_ S 19, 500. 00 No. v.ro eexh, Fb?~~.. June 1, _ _ - - . ~9 71 _ ~ For value received 1 or we iantly w severally promix to psy w FIRST FEDERIIL SAVINGS /WD LO/1N /1SSOCI/1TION OF IN~IMI ~ RIVER COUNTY, the sum of s 19~. J~• ~ , at its offke in Vero Bssch. Fbrida. with inbrost st the nts of .el~ht__l$~ per pnt per anrwm. in the foilowin~ m~nr~: #~~it~ - t~{7~~ i~'w~ {ita~ 'vi c's~~i o:av c.s:~ .~~w+...~`. ~:~`~~~2i !l~t2e~ 1}1E ~13'fr:~r@! Sih'i!. *X~~4i lst~jf~;s ~t ~CLY1 Qe~~ 33ed m«?rt~h wv~+~+n s?+au be ~DD~~ed fi.st to the payment of inte~est on the unpaid balance, snd then to the psyment of principal. ~ This ~ote is ~eQotiable snd if default in payme~t occun, m~y be p~aced in the har+ds of sn attorney at taw iw collection. in ~which ~ event I w we agrce to pay the costs of collectior?, i~cludin6 s reaso~able attorney's fee, and eath of us, whether maker. guarantor or endorser, _ hereby sevenlly waives demand, rwtice of rwn-wvment and protest of this note. ~ /s/Alexander H. Fraser _~,p . /s/Ma~c'th~_,I. . F~as~r_-- - __cs~u In the event any payment is not made p.ior w ths 20th dsy of the month whe~ due, then this note shall b~ar interost st the rste of $Ci~6 f?an the dats s~y wch payment became due and throughout the period of such delinque~cy. y. U State stamps paid snd cancelled on ori`ir?al of this nots in the amant of = 29. ~5_. . NOW. THEREFORE, the MORTG/1GOR fo~ the purpose of securing ths p~y~+t of the said sum of = 19~ S~Q! snd the ( perfo.mance of the cavenants and agreen~enn heroinahe~ exp?~ssed. snd fw divea Qood and valwbk co~siderations. by M~ess p~sents, does grant. bargsin, sell, remise, rckase, convey and ca~firm unto the MORTGAGEE its wocesson snd assl~RS. all thst certain lot. piece or psrcel of land, sitwte, lying and beir~ ie th~ County of St. L-UCle . a~d Stste of Florid~. dex~ibed as folbws: ~ h Lot 3, Block 3 of the Airport Industrial Park, Unit 1, according to the plat thereof as recorded in the office of the Clerk of the Circuit Court of St. Lucie County, Florida, in Plat Book 12, page 40. 'I'OGETHER WITH all of the furniture, furnishings, fixtures, appliances and equipment now in the buildings located on the above described praperty, and which may hereafter be placed in the buildings located on said property, while any sum due remains unpaid hereunder. THIS INSTRUMENT WA3 PREPARED .Y jerome D. C?uinn swuM ~?n~, sMm+ a o~ruu~u P.0. 60X SI• ~ ~IFIb YEAClii, f1+ORIW1 nli0 ~ together wiM ali and singubr the ter~arnents. heredihments and sppurtensnces thercunto belonging w in anywise sppertaining thereto, u+d ~ ' atl rents, issues, proceeds a~d profits aocruinQ and to san~e from s~id premises. all of which ars inci~ided in the above and fore~ofn~ de- ~ ~ sCription a~d habendum. ' ; TO HAVE M!D TO HOLD the sbove described and annted premises unto ths said MORTGAGEE. its wor,essors and auigns Mrover. ~ ~ And the said MORTGAGOR for _Ltl@lr_heia, executors, adminis!•alors and assig~s, hereby tavenants with the ssid MORTG/1GEE, its wotes- ' the are ~ sors and sssigns, that --y_--- lawfully sie:ed of ti+e said premises in fee simple; that the same are free. tlear and dis- ~ s c!urged from all liens and encurr~bnnces in law w in equiry, and that-- ~~y will and __--~1~1~__ heirs shall waRant ~nd ~ defend the title ro the same w the said MORTGAGEE, its six.cessors and suigns, forever agai~ut the lawful claims and demands of alf penons; PROVIDED, /1LW/1Y5 that if the MORTG/1GOR shall pay unto the MORTGJIGEE the promissory note hereinbefore destribed, snd ~ shall truly. promptfy and fully perfom~, distharge, execute, tornplete, comply with snd abide by each and every the stipulations, agreements. ~ cond~tions and cwerwnts of said promisswy note and of this Morigage, then this Mortgage and the Estate F+ereby created shall tesse snd be ~ null 8nd voiA IT IS UTIUERSTOOD that the word "Mortgagor" whether in the singular w plunl anywhere in this Mortgage, shall be singular if ont , g ~r.;y and shall be plural join:ly and severally if more than one, and that the word "Their" as used anywhere in this Mortgage shall be taken E mean "his," "her," or "its,' wherever the conte~ct so implies or admits. Also, that wherever there is s reference in the oovenants and ` ~ aRreements herein contained to•any of the parties hereto, the same sha II be construed to mean as well as the heirs. tega{ representatives, suo- cessors and assigns (either voluntary by att of the parties or involuntary by operation of the law) of the same and that the tovenants herein c~ntained shall b~nd and the benefits and advantages inure to the respective heirs, legal represe~tatives, sutcessws and assigrt~ of the partieS herero. ~ And said Morte,sgors, fo? N+emselves ud their heia, legal representatives. successors and auigns. hereby jointly and severslly covensnt - and a~ree to and with the said MORTGJIGEE, its s~xcessors and assigns: ~ 1. To pay all and singular the p?incipal and interest and the variaus and wndry wms of money payable by vi?tue of said promissory ~ note, sr?d this mortgags, otch ard every promptly on the d~ys respectively the ssrtx severally betome due. ; 2. To pay all and singular M+~ taxa, sssessma~ts, kvies, Ilsbflities, obfigatian and incumbrx~s of ~wry n~turo and klnd now an ~ said described property. or that heresher msy be imposed, wffered. Plxed, Isvied. or sssessed thereon or thst hereafier may be levied w ~ assessed upon this Mastgast, or the irdebtedness secu.ed hereby, esth and every, when due and payabk sccording ta bw, before they be- 4 come drl~~quer?t, and before sny interest attxhes w s~y ps~~slty is incurred; and insofar as arry tfiereof is of recwd the same shall be promptly ; ~ sat~sfied and distharged of record and the ori~insl offitisl document (wch as, for instante, the tax reteipt w the satisfaction paper offitially f endorxd o~ cenifiedl sh~ll be plst~d in thi hsnds of saiA MORTG/1CEE within ten days next after payment; snd in the event tF~t any tMreof ~ ~ is not paid, satisfied disd~sr`ed, sstd MORTG/1GEE msy st any time pay the same w any part thereof without waiving w sHettlns any ~ ~ oqri«,. I~en, equtty, or right und~r or by virtw of this Mort~a`e, snd the full ama.~t of exh and every wch payrr+ent shall be iernsdiatety ~ dve and payabte and shall besr int~resf fram the datt tF~eof until psid at the nte of](p( ~xJ(~s per centum per snnwn a~d to~tl~? ~ w~th wch interest shall be saCw~d by the lien of this nwrtp~e. elg ~ 3. To plsce snd ca+tirwously k~ep on tF+e buildin~s now a hereafter situated on said land snd on sl) equipme~t snd personalty cov- ~ ereA by this mortgage, with all premiums ths.~on paid in full, fire inw?ance in the usual standard policy fwm, i~ a wm spprwed by tht ~ MORTGAC,EE, s~d tornado insunnte in t1+t us~~sl stand~rd policy 1orm.in a sum approveA by the MORTGI~GEE, in wch tomany w tompanies t ~ ss tt+e MORTG/1GEE msy direct: ard ~II fir~ ar+d twnsdo Insurance policies o~ am of ssid buildings. sny interest therein or part theraof, in th~ m s`g~egate wm aforesaid O~ in txCest tfi~reof, shall conbin the usual standsrd mwtgagee clause or such other clause n the Mort~aga~ n+ay reQu~re, mak~ng the bss ~w+A~r s~iA polic+es, esch and ev~y, payabb to ssid N{ORTGAGfE as its interest msy appear, a~d e~sth u+d ~wry ~ sutF. polity shall be promptly assi~rnA and deliver~d to and held by said MORTG/1GEE ss fu?the. security to said mwt~ags debt, and, not ~ kss thsn tm (10) days in sdvsnu of the eupintion of tsch policy, ro defiver to said MORTGJIGEE a renewsl ther~of, fo~etMr with s nc~ipt ~ fo+ the premium ol su~h re~ewsl• and thsre shsll be r+o fire o~ tornsdo insurance plxed on any of said buildings, ~ny interest therein o~ - part the.eof. unt•_~ss ~n tF~ form and with the loss payable as afor~said; snd in the event any wm of mo~ey becomes p~yable under ~uth ~ ifIRC-ZSI-1M-Ip-63-M u k ~ • . ~ 6001t v ~i ~C ~ ~ . . . 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