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Home My WebLink About0906 ~ ;~15~rs9 lG ~ ~ • . ~ THIS INDENTURE, Made ~?~e . 3~h. . Dav of . AU~uSt , A. D. 19 71 , betwcen , SHEFFIELD T. ABOOD and ANNE_ E, ABOOD, his wife ` of St• ~ucie County. Florida, hereinafter desiQna~cd as the "MORTGAGOR," and FIRST fEDERAL SAVINGS AND ~ l0/1N ASSOCIATION OF INOIAN RIVER COUNTY, s torporation organiicd and cxisting undcr the lav.s of the Unitcd States ol Amcriw ! and having its printipal plaCe of business in the City of Vero Beath, Indian River County, Flunda, here~nafter designaled as the "MORTGAGEE." , RE/1S the MORTGAGOR is ustl indebted to the MORTGAGEE in the sum of ~Y'ty- Five 'I'~ousand.and NO~ ~ - - ~ ~ ~ ~ ~ ~ ~ ~s 5 ~ _ . ) Dollars, good and lawful m~ney o1 the Unitcd Statcs advanted by tFxt MORTGAGEE unto tF+e MORTGNGOR, as evi~n~ed by a certai~ promissory note ol even date her~w~th, of which the followinQ in wor~tti and figures is a true copy, to-wit: S 35, 000. 00 rvo. _ Vero Beach. Florids. ,~4~ t..~~~ 19 71 i For value received 1 or we jointly o~ severally promise to pay to FIRST FEDERAL SM/INGS ~?ND LOAN /?SSOCIATION OF INDIAN ~ RIVER COUNTY, the sum of s3s5s QQ _ , at its office in Vero Beach, Florida, with interest at the rate of 7. 75 per cent per annum, in the followin= manner: s-287. 3~ upon the firsf of eath and every mo~th hereaftet unlil the full principal sum, with intcrezt, has been paid; said monthly payments shall be appl~ed fint to the payment of interest on the unpaid balante, and then to the payme~t of p~incipal. This note is negotiable and if default in payment occurs, may be placed in the hands of an attorney at law for coltection, in which event I w we agree to pay the eosts of collettion, intluding a reasanabte atto?ney's (ee, and cach of us, whether makcr, guarantor o~ endorser, hereby severally waives demand, notice of no~-wvment and protest of th~s note. /s./Sh~.f_field. T. (Seal) ~ ~S~Alllle__F. AbOOCi _ (Seau In the evmt any payment is not made p.ior to tF+e 20th day o4 the month when due, then this note shall bear interest at the rate of ~x96 from the date any such payment became due and throughout the period of such delinquency. 8• 75 State stamps paid and ca~celled on wiginal of this note in the amount of a.52..5~. . NOW, THEREFORE, tht MORT(',AGOR for the purpox of securing the payment of fhe sa~d sum of S 35~ snd the ~erformante of the covenants and agreements hereinafter expressed, and for diven good and vatuable considerations, by these prese~ts, dw.~s gra~t, bargain, sell, remise, release, ca+vey and confirm unto the MORTGAGEE its wccesso?s and assigns, all that ce~tain lot, piece or parcel of land, situate, lying and being in the County of _,SY. L.L1C1@ and State of Florida, dexribed as follows: ` See attached. REl~NED i~~! • 0~ IN rAriEIQ Of TNfi Dl1E ON CLASS 'C INTM161BLE rEfSONAL Pt10PER'11~ h1~UANT TO CWIrT"R P072~, ACTS OF 19/1. ROGER 'OITRAS, CIEi~ C~Ir fCYI~ COU~ + THIS INSTRUMENt WAS PREPARED s l~ent hr DANIEI N. KNOWLES, 1 eY Jerome D. ~l~~~tE J ~~IIC~! ~i01Kih T~X ~iOIICC~f SMITH. N p BO `TM e ~ y~Rp. gE/?CH, FLORIOA 32960 y' ~ • ~ ; together with sll and singular the tenements, hereditarr+e~ts and appuitenantes thereunto belonging or in anywise appertaining thereto, and ! ali rents, issues, proteeds and profits atCruing and to atCrue from said premises, all of whith are included in thc above and foregoing de- f script~on and habendum. ~ 70 HAVE AfVD TO HOLD the above dexribed and granted premises u~to the saed MORTGAGEE, its wtcessors and assigns torever. ; Md the said MORTGAGOR for ~hei,r executors, administrators and assig~s, hereby tovenants with the said MORTGAGEE, its suctes- s ~ scrs and assigns, ~~t th~y. are _ ~awf~u,, ~~Z~a of the said premises in fee simple; that the same are free, tlear and d~s- ~ charged from all liens ar?d encumbrantes in law or in equity, and that they r,,;,, a~ their _ r~;~s s?wll warrant and defend the title to the same to the said MORTGAGEE, its successon a~d assigns, forever against the lawful claims and demands of all persons; PROVIDED. ALWAYS that if the MORTG/1GOR shall pay unto the MORTGAGEE the promissory note here~nbefore destr~bed, and shall truly, promptly and fully perform, discharge, execute, complete, comply with and abide by each and every the stipulations, agreements. canditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereoy created shall cease a~d be null and v~ir1 IT IS l/t+DERSTOOD that the word "Mortgagcr" whether in tFw singular or plura~ anywhere in this Mortgage. shall be singular if one cnly and shall be plural jointly and severally if rtwre than one, and that the word "Their" as uscd a~ywhere in th~s Mortgage shalt be takcn to mean "his," "her," or "its.' wherever the context so implies oi admits. Also, that wherever there is a refere~ce in the covenants and agreements herein c~tained to any of the parties hereto, the same shall be tonstrued to mean as we~l as the heirs, legal representatives, Sut- cess~rs and assigns leither voluntary by att of the parties or involuntary by operatio~ of fhe law) of the same and that the covenants herein c ~ta~ned shall bind and the ben~f~ts ~nd advantages inure to the respective F?eirs, legal representat~ves, successors and assigns of the ;,;rt~es hereto_ And said Martgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jaintly an;l severatly covenant and agree to and with the said MORTGAGEE, its wccessors and assignst ~ 1. To pay alt and singular the principal and interest and the various and wndry wms of money payable by vi:~us of s~id pramiss~ry ~ete, and this rruxtgage, each and every promptly on the days respect~vely the same se~erally become due. - 2. To pay all and singutar the taxes, asseurr?ents, levies, liabilities, obligatio~s and intumbrantes of every nature and kind now on ~ sa~d dexribed property, or that hereafter may be imposed, wffered, placed, levied, or assessed thereon or that hereaficr may be lev~ed or a~sessed upan this Mortgage, or the indebtedness setured hereby, each and every, wfien due a~~ payable acc~rding to I~w, before they be- ~ c;me del~nQuent, and before any inte~est attaches or any penalty is incurred; and insofar as any thereof is of record the same sFult be promptly sat~sfied and discharged of record and the original official document (wch as, for instante, the tax receipt or the satisfaction paper ofticially ; - endorsed or certified) shall be placed in the nands of said MORTGACEE within ten days next aftcr payment; and in thc event that any thereof ~s not paid, satisfied and disCharged, sai~ MORTGAGEE rtwy at any time pay the same ot any part fhereof without waiving or affetting any cpt~on, lien, equity, or .ight under or by virtue ot this Mo~tgage, and the full amount of each and every such payment shall be immediatety :.'ue and payable and shall bcar interest from the date thereof until paid at the rate of ~{and~ per centum per annum antl together w~th such interest shall be secured by the lien of this mortgage. SeVell LRree- quarters ~ 3. To plate and cantinuously keep on the buildings now or hereafter situated an said land and on all equipment and pe.sona~ty cov- ered by this mortgage, with all premiums thereon paid in full, fire inwrante in the usual standa.d policy fo~m, in a s~m app?ovcd by 11x MORTGAGEE, and tor~ado insurance in the usual standard poliq form,in a wm approved by ihe MORTGAGEE, in such company or companies ~s the MORTGAGEE may direct; and all fire and tornado inwnnce policies on any of uid buildings, any interest therein w pa:t thereaf, in the aggregate sum aforesaid or in excess thereof, shall contain the uwal standard mortgagee ciause or such other clause as the Mortgagee may ~equire, making the loss under said policies, each and every, psyable to said MORTGAGEE as ifs interest may appear, and each and every such policy shall be promptly aszig~ed and delivered to and held by said MORTG/1GEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the expirafion of each policy, to deliver to said MORTGAGEE a.e~ewal thereof, fogether with a reteipt for the premium of wch renewal; and there shall be no fire or tornado insu?ance placed on any of said buitd~ngs. any interMt therein or part thereof, unless in the form and with tF?e loss payable as aforesaid; and in the event any wm of money becomes payable under wch cnac-soo-s->>-vsv BAAy~~ ~rr ~ V{~11 fAVC = ~ ~