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Home My WebLink About2586 • 216122 1~' , THIS INDENTURE. Made the ZUC~l. . Oay of _ _ ._-S~pL~1T1~'L-..-- . , /1. D. 197~ , between ` EDEN_ LAWN PLAN'I'ATION, _INC._ - - - . . . . ' of St: Lucie_ c«,~n?, Florida, he~elnafte~ designated as the "MORTGAC,OR," and FIRST FEDERNL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation o?ganized and existing under the taws of the United States of Amcrica and having its p~intipal pixe of business in the Ciy of Ve?o Beath, Indian River County. Florida, herei~after designaled as the "MORTGAGEE." WNEREAS the MORTGAGOR is iustl t F+e MORTGAGEE in the sum of Forty.-six_ Thousand. and no/100 ~(s ~~j~~.~ Dollars, good and Iawtul money of the United States advanced by the MORTGAGEE u~to the MORTCACOR as evidenced by s certat~ promiuory note of even date herewith, of which the followinQ in words and figures is a t~ue COpy, to-wit: S 46, 000. 00 No. - - . Vero 8each, Florida. .Sept~mb~r 20, . . . _ . 19 7~ For value received 1 or wc jointly or severally promise to pay to FIRST FE~ERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S4~1s.~Q0..QQ_ at ifs office in Vero Beath, Florida, with interest at the rate of 7. S _ per cent pe~ annum, in the foflowin~ manner. '4l6 43 _ upon the first of each and every mooth hereafter until the full ~nci I sum, with i~terest, has been paid; said s-- ~ _ P~~ Pa monthly payments s1a11 be applied first to the payment of i~terest o~ the unpaid balance, and then ro the payment of principal. Thi5 tWfe,ris~~S~ tisble and if default in payment occurs, msy be placed in the hands of an attorney at law for collection, in which event 1 or wa'~gro~ lo peqr the costs of tollection, including s reasonable attorney's ~ee, and each of us, whether maker, guarantor or endorser, hereby_a~ver~qy.vir~~~w~d, notice of ~•w~~t ar?d p~acesr of ~h~: ~?ote. EIIEN LAWN PLANTATION, INC. ' " ' s A,_. Merwin, President_ cs~au ~ ' ~ r~ .e / ' ~ (Cor~3o~8~ Sea1) /~~.Ar~hur.H.---Phillips~ .Secretary_ ..cs~a~~ . ~ ,~o~.., ,~;~.the.event shy ~tsyment is not made prior M the 20th day of the ma+th when due, then this ~ote shall bear interest at the rate of ~}1~; the date sn~r such payment became due and throughout the period of such delinquency. .fi~~ . t3 StA p~id and cancelled on wiginal of this note in the amount of s~9•_~_ NOW, THEREFORE, the MORT(',AGOR for the purpose of xcuring the payment of the said wm of S44s-0~~-~ ~~+d tF+e Nerformance of the covenants and agreeme~ts hereinafter expressed, and for divers good and valuabte considerations, by these presents, does grant, bargain, sell, remiu, release, convey and confirm unto the MORTGAGEE its successo?s and auigns, all that certain lot, piece or parcel of land, situate, lying and being in the CounTy of _.~t• ~11C1B. _ and $tate of Florida, destribed as follows: - SEE ATTACHED SHEET FOR LEGAL DESCRIPTION. 0 ~ - IN PA~(Mf1'11 ~ T~~ k~ r,=ju$ 'C INTAN6IBLE PERSOIUI P:tOPERlIf. 7H15 INSTRUMENT WAS PREPI1REo p~Si;11NT TO CFIAPTER 20724. II~TS Of 1941. BY~,ic.~~~ o1rc~~•~-•`~ P.OG: R POItR11S~ Cier~ Cirwit Cowt , H~?TM, sti+iTM a on+niari ~R v. o. eox s~ e ~{~e~ for DANIEL N. KNOWLE veao s~wcH. FLOa1DA 329bU St Lucie Cow.tf Tax Cullecta ~ ~ By p~{~ir C1~+t~t ` ~ `8 Ik gt eo~ther wtth sll and singular the tenements, hereditaments and appurte~ances thereunto belonging or i~ anywise appertaining therero, and ~ all rents, issues, proceeds and protits accruing and to atcrue from said premises, all of which are included in the above and foregang de- ~ scriptio~ and habe~dum. ~ TO HAVE AND TO NOLO the above dexribed and gnnted premises unto the said MORTGAGEE, its wccesson and auigns forever. successors s And the said MORTGAGOR for _1tS__._XX~U, exetutors, sdministrato?s and assigns, hereby covenants with the said MORTGAGEE, its wcces- sors and assigns, that_. ._.lt._L~ .._.___..___________Iswfully seized of the said premises in fee simpte; that the same are free dear and dis- succe~sors ~ • ~ charged from atl liens and encvmbnnces in law or in equity, and that ---(IleY---- wiu and 1tS KoYrY shall warrant and defend the title to the same to the said MORTGAGEE, its wctessors and assigns, forever agsinst the lawful cfaims and demands ot sll persons; PROVIDED, /1LWAY5 that if the MORTG/1GOR shall pay unto the MORTGAGEE the promissory note hereinbefore dest.ibed, and shall truly, promptly and futly perfam, discharge, execute, tomplete, tomply with and sbide by exh and every the stipulations, agreements. conditions and covenants of said promiuory note a~d of this Mortaage, then this Mortgage and tF+e Estate hereby created shall cease and be null and vnirl ~ IT IS U~IDERSTOOD that the word "Mortgagor" whether in th~s singula~ w plural anywhere in this Mortgage. shsll be singular if one only and shall be plural jointly and severally if more than one, snd that the word "Their" as used anywhere in th~s Mortgage shall be takcn to rr~an "his," "!~r," cs "6ts," w~erever !he context ss 9rttplits er admits. Also, thst whe?ever tF+ere is a refere.-~ce in the covenants and agreements herein contained to any of the parties hereto, the same shsll be construed to mea~ as well as the heirs, legal reprcsentatives, sut- cessors and assigns (either voluntary by act of the parties or involuntary by operation of the law) of the ssme ar.d that the covenants herein c:ntained shatl bind and the benafits and advantaQes inure to the respettive hein. (egsl representat~ves, successars and assigns of the ~artiCS hCrefo. ~ And said Mortgagors, for themselves and their heirs, legsl representatives, wttesson and auigns, hereby jointly and severally covenant ,~nd agree to and with rhe said MORTGACEE, its successors snd auians: ~ 1. To pay all and singular the principal and interest and ths various snd wndry wms of ma~ey psyable by virtue o( said promissary s-: note, and this mortgage, each and every promptly on tF+e dsys respectively the ssme severally become due. ~ 2. To pay all and sinQular the tazes, as:essrnents, Isvies, (fabUtti~s, abliptions and intwnbrances of evtry nsture snd kind now on ~ sa~d described preperty, or thst he?eafter may be impose~, wffe~ed, plsced, Ievied, w assessed thereon or that hereafter msy be le~~ed o~ aasessed upcn this Mongage, or lF+e indebtedness secured hereby, esch snd every, when due and payabl~ accarding to law, before they be- c~me delinquent, a~ before any interest sttsches w sny penalty is incurred; and insofar ss any thereof is of reco?d the same shall be p*ompslr ~ sar~sfied and d~uharged of record and the ori`~nsl officisl dotvment (wch ss, fo~ instance, the bx recelpt or the satisfxtio~ pape? af4icialty endarsed or certified) shall be placed in the Fands of ssid MORTG/1GEE within ten dsys next aher psyment; and in the event thst any the.eof ~s not paid, satisfied snd distharQed. said MORTG/~1GEE rtuy st any time pay the same o~ any part thereof without waivi~g ot affetting any epi~orf, lien, equity, or right under or by virtue of this Mort~s~e, and the full amount of each snd every such payment shatl be immediately d~e and payable and shall bear interest from the date thereof until p~id at the rate of YYYd~filh)f~per tentum er annum and togethar .~ith such interest shall be secu~ed by the lien of this mort~s~e. SeVeII SIl ive-tent~is 3. To plsce and continuously keep o~ tF+e buitdings now or heresher sitwted on sald land ~nd on alt equipment snd pe~sonairy cov- e~ed by this mortgage, with a!1 premiums thereon psid in full, fi?e inwrsnte in the uswl standard policy form, in a wm approved by tt+e M10RTGAGEE, s~d tomadu insurante in the ususl stsndsrd poHty fwm,ln a sur» spproved by the MORTGAGEE, in such comptny or companies ~ as tF+e MORTG/1GEE msy dirett; snd all fire snd twn~do insunnc~ polities on sny of said buitdirtQs, sny interest therein or psrt thereof, in the aggregate wm aforesaid o~ in excas tMreof, shall ca+t~in the usw) shndard mo.tpgee clause or such other clavse ss the Mortpgee may ~equ~re, mskin~ the bss under satd policies, esch ~nd ~very, psysbl~ to said MORTGAGEE ss its inte.est r.~sy appesr, a~ exh and every such policy shall be promptfy aui~ned and delivered to and h~ld by ssid MORTGAGEE as fu•the~ security to said matgaQe debt, and, not ~ess than ten (10) days i~ sdvsnce of the expintion of each policy, ro deliver to ssid MORTGAGEE a renewal thereof, togethe. with s reteipt for the premium oi wth .enewal; snd tF+ert shall bt ~o fir~ or tomado insu?ante plxed on any of said buildings, sny interest therein or part thereof~ unless in tF~ form and with the loss p~yabls ~s afonsaid; snd in th~ ~v~nt sny sum of money becom~s psysble w+der such ~ ~ F/fI1C-)OO~S~71-V~• 600K1t~J PACE~~04 - . . ` ~Y ~,~j : - - _ : ~