HomeMy WebLinkAbout2345 . 211 ~3~~ • ~
TMIS INOENTURE. M,d. ~h....30th_ a„ of . june - p. i9 ~1, e<<,~.,
WAYNE THOMAS RYE, JR. , and MAR1'HA EL.LEN RYE, his wife ~
- - . . . . ~ - - ~ - - .
:
of St. Lucie_ c.«,~~. Fiorid~, hereinaftK dssi~nued as the "MORTGAGOR;' and FIRST FE~EWLL SAVINGS /1N~
, L0/1N /?SSOCIATIQN OF INDIAN RIVER COUNTY, s co~paation o~Qani:ed and existine undr~ the Iaws of th~ United States ol M+c~iu
anA F~vin~ its prinupat piace of busir+ess in the Ciry of Vero 8exh, Indian River Caunty, Fbrids, he:rinafta. designa~ed ss the "MORTG/1GEE.•.
dIl(~~O hs ~AORTGAGOR 's j=!~ Vl1 MORTGI~GEE i~ the wrn of 'I~v.enty ."I~ousand . Five. Hundred
- ~ - • ~ - - - ~ • - : ~ . . ) Dollars. Bood and tawful ma+ev oi the U:+ited Statcs sdvanted by ths
MORTGAGEE unro the MORTGAGOR, s~ evidenced by s certain promisso~y ncte uf even date F+e~ewi~h, of which the foliowin= in worch
a~+d fiQures is a true copy. to-wit:
: Zo, suo, oo N0. 1.12~6it
Vero Bexh, Florida. - . ~UII@ 3~. . . . - 197~.
For vslue rcceived 1 or w~ jointly w seve.ally promise to pay to FI:tST FEOERAL SAVINGS ANO IOAN ASSOCIATION OF INOIAN
RIVER COUNTY, the sum of s i~.Di.~. ~ . at ih of(ice in Vero Bexh, Flwida, with i~te~est at the ?ate of 7. 75 ~ i
r
per tent pe~ anrwrn, in ths followin~ ~ranner. -
s_-1..1~~_ Q.~_ tpw? fhe Rrst of NCh snd every ma~th herNfter until the full printipal s~xr?, wifh interest, has been paid; said
monthly payrnents shall be applied fiat to the pavme*+t of interest o~ the u.~pa~d babnce, and then tn the payment of principal. ,
This nots is ~e4otiable and if default in wY~-'*+t an+~. ~'?~y be plxed in the ha~ds of a~ attorney at law for collettion, in which ~
event 1 w we agree to pay the costs of tolkctia?, includi~g s reasonable attorney's fee, s~d each of us, whether maker, Quaranter w endorse?, `
hereby severally waiva demand, notice of ran-wvment ar+d protest of this note.
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!s~ WayRe .Thomas_. ye,. r. - ~k~u j
= ..lSeal) ~
/~f _I~rtha._FII~R_Bye.?-- hl$--Ylllfe
In the event any payment is not made prior to the 20th day of the month when due, then this note shsll bear interest :t the ~ate of ;
,QS~, from the date any such payment became due a~d througi~out the pe~iod of wch delinquency. '
~ I~ 30..75
State stamps psid and ca~celkd on oriainal of this note in the amax~t of s___
NOW, THEREFORE, the MORTGf~GOR for the pu.po;e of securing the payment of the said sum of S-2Q~_~1_Q~.--- ~nd ths
performance of t1+e covenants a~d ag~eements hereinaher exp?essed, and (or divers eood and vatwble considentions, by these presents, does ~
~'--grant, bsrgain~ sell, remise. release. tonvey and confirm unto the MORTG/1GEE its successors ard auig~, all that certain lot, piece a parcel of
Iand. situate, lying and bei~g in tM County of I-aU~lE - and Sbte of Florida. described as folbws:
Lot 3, B~ock "Q", MARAVILLA FSTATES, according to ihe
plat thereof recorded in Plat Book 8, page 77, of the Public
Recor~s of St. L~cie County , Florida.
mo
RfCEMFD IN MYMQR OF TAXE~
DUF ON CUISS ~C' 11'fiAN6181E PER9GNRL P.ROPERIY.
Pt1~S+fANi TO ~IiAP1ER ZG724. ACis OF 19~1.
POG~R PORRASr qak Qircu~ Ccw~ ~+a ~~u~c~+s w~?s r~~n er
~EAOME QUINN
as A~tnt fot DAM1Q N. KMCWiLS. 1R SMm+. ?~?n+. swttTM w~ o~r+~i~
r.a eax s~s
- St lucie t~ouati T~t Cotlector vao e~a+. ~w? u~bo
-~o~~t _
f DfPJiY CI.ERK - . ~
~ rogether vrith s+l and singular the tenements, hereditarnents ard appuetenances thereunto belonging or in anywisa appertaining thereto. snd i
! all reois. iswes. Proceeds a~d profits attruing and to atcrue-tt0[n said p.emises. all of vrhith are intl~~ded in the above and fwegoine de- ?
~ uription and habendurrL ~
TO H/1VE M1D TO HOLO the above described a~d gnnted prcmises unto tF+e said MORTGACEE. its wccesso?s and suigns forever.
Md the said MORTGAC'AR fw ._Ill~.heirs, exercutors, sdministraton and assigns, hereby cove~ants with the said MORTG/?GEE, its wcces- `
sors and auians, tr,~t _------they_are-------_---uw~,~~„ seized of the said premises in fee simple; that the ssme are free. clear and dis- ~
charged from all lieru snd enpunbrantes in bw or in equity. ~w~ they- ~u ,,,d thei~_r r,~~~ shall warranf and
defend the titk to the sarne to the sa~d MORTGAGEE, its wcceuors snd assigns, fwever against the bwfut cbims and demands of sll persons;
PROVIDE~. ALWAYS thst if the MORTGACAR shslt pay unw the MORTG/1GEE the praniswry note hereinlxfore described. ~nd
shall truly. prorr~ty snd fully perform, dischsrge, execute~ complete. comply with and abide by each and every the stipulatiwu, agreements.
conditio~s and covenants of said promissory ~ote snd of this MortQage, then this Mortgage and the Estate hereby created shall cease and be
null and vt~iel
!T !S U~IDERSTJOD that the wwd "Mortgagoi' whetF+er in tM singular w plural anywhere ~n this Mwtgage. sF?all 6e singular if one
cn!y and s.?~all be plural jantly end sererally if more tha~ one, and that the wo.d "Their" as uscd anywfiere in th~s MortQage shall be takrn
ro mean "h~s," "he~." w"its." whereve. fhe context so implies or admits_ Also, that whe~ever there is a refere.~Ce in the tover+ants and
agreemer?ts herein cantained to any of the parties hereto, the same shall be construed to mean as well as the heirs, le~al representatives, suc-
cessars and assigns (tither votuntary by att of the parties or involuntary by operat~on of the Isw) of the same and that the covenants he~ein ,
c~v+ta~ned shatl b~nd and the bene(~ts and advantaQes inure to the respective heirs, kgsl representat~ves, sutcessws and sssigns of tF+c
;,art~es hereto.
Md sa~d Mor"tgagors. fo. themse~ves and their hein. legal representatives. wccesson and auig~s. hereby jantly a~ severally caver+ant
and sQree to snd with the said MORTG/?GEE, its successws snd.assi~nr.
1. To psy all ~nd singular the printipal and interest snd the.various snd sundry wms o~ mo~ly WYabk by virtut of said promissary
r,ote. and th~s mortgage, exh and every p?omptly on the days respett~vely the same severally become due_
2. To pay slt snd singular the taxes. sssessments, Irvies, Ilsbilities, abliptions and tnarnbrances of every Mtwt snd kind now o~
sa~d Cestr~bed properry, t,~ that heres~ter may be ~mposed, wffered, placed, kvied, or assessed thereon or that hereaftcr may be lev~ed w
a~sessed upor~ this Irtwtga`e, o. the indebtedness secu•ed hereby. exh a~d every, when due snd payable xcording to law, before they be-
c.me debrpu~+t, snd bef3re any interest attxhes or sny perealty is incu.red; and insobr as any thereof is of recwd the same shall be pron+ptly
at~sf~ed snd d~schsrQed of record and the aia~nal offiual document (wch as, for insance, the tax receipt or the satisfxtion pa~e~ oftiuafly
endo.sed o~ cM~fied; shall be ptxed ~n tF+e ha~ds of said MORTCAGEE within ten days next aiter payment; and m tF+e event that any tF,ereol
~s ~v~t paid, sat~afied and dixha.`ed. sa~d MORTGAGEE may ar aMr time paY ~ i~Y W?t thereof without wsiving or affecti~~ ai?y
op?~on. I~en, equ~tY. a right w~der or by virtw of ihis Mo.f`a~e. snd the f~~ll amount of exh and every such p,~yment shalt be immeAutsiy
d~.e ,.,d wrab'e :nd v.sll bear interest fnxn the dafe thereof until paid st fhe rate of 3(~(~ per centum per u+num and to~ether
w~rh wch i~~erest shsll be secured by the lien of this mortVe:e. seven a three c~uarters
3_ To plsc,e and cont~n~r,usly keep on tM build~n~s rww or hereafter sitwted on ssid land and on al epu~pmenr a~d pe.wnaity cov-
ered by this m~t`sse. w~th sll prem~ums thereo~ pa~d in full, fire inwrance ~n the uswl standard pol~tY form, ~n a sum spprorcA by ~Ikr
?AGitTGAG£~~nd tornado ~nwra~+ce i~ the uswl stsndard poNty forrn.ln a wm ~pproved by the MORTGAGEE. in wch cornpanY or co.nD+n~es
as rt+e MORT~'.I,GEE may direct; and stl fire and fwrudo inwtanc~ polic'es on any of sa~d buildirt~s, any ~ntertst the~e~n W plrt IMtaof, in th~
a~:.e~atc wn+ •~wess~d w in excess 1lweof, shall contstn tM usual s~~?~ds?d mwtp~e~ cliuse o~ such othe? claus~ as fhe Mo.t~a~ee may
req~~re. ?ns~~n~ ~F+~ loss under ss?d policies, exh ~nd ertry p~yabl~ to sa~d MORTGAGEE ss ~rs intwrest ~nay appear, anA txh ard ev~ry.
tut1~ po1Ky sh~ll bt p?omptly issi~Md snd delivend to and~htld by sa~d MORTGAGEE ss Iu~~Mr secu~~ty to sa~d matp`e d~bt, and, nur;
kst t1w~ ten (10) dsys in adrance o~ the e~plntion of ~xh poHcy, w delivsr ro said MORTG/1GEE • ~enewsl therec~f, to~ether wnth a nc~ipt
fw the p.em~wn of wch renew~l; anA tl+e.~ s?+sll b~ ra fir~ w to~nado ~mu.ance placed ex+ any of s~~d bu~~d~nqs. any ~nte~~st rhen~n a
psn tMr~of. unless in tM form ar~ with t!» bss p~yabb n~Iw~id: ~nd in tM ~v~~t ~ny wm of moMy b~cwnts pay~bl~ urd~r wd~
~r~w~as~-soo-r~+-•
~ ~~~~1y~ 2343