HomeMy WebLinkAbout1776 21'7668 ~ ~
THIS INDENTURE, Madc thc 18~h. Day of October , q. D 1971 , bet~~aen
ALEXANI~L'R RUSSEI.I. RANACh and ETFiL'L JANL BANACK, his wife, _
of St. L~UCIe Counry, Florida, hereina(ter design.,±eJ as the "ASCRTGAGOR," and FIRST FEDERAL SAVINGS AND ~
LCAN ASSOClAT'O"1 OF It~iDIAN RNER COUNTY, a corp~ratiun o~Far~~.ed an~ ex~st~ng undcr the ta..s of the Un~t~d States of AmcriCa l
an~ FW~•m~, itS pnnC~p~~ V!~tc of N~sin~ss ~n t`~e Ci!y of Vero Be~ch, In,i~.,n R~.c. County, Flor:da. herc~n~fter dcs~gr.a~ed as the "MORTGAGEE." <
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WHEREAS the titORTQAGOR_s ~uSrjy,j:c1,~W~•S,q,,the MORTG~~GEE ~n thc sum of'~enty Thousand and no/100 '
ll~ l1UlJ Vl1 ) Do'.i:~s. E:cti~ci ::nd ~aw.ul m:ney of ~~:e Un~ted States adva~ced by the ;
MORTGAGEE unto the A10RTGAG.7R, as e~idc'nced by a tertain prom~:;ory note ot eve~ date hefc,~~th, of wh~ch the foU~~~ving in words ,
and figures ~S a true C~py, t0-wit: r
520, D00. 00 N~. -
ve,~ F3c:.Kh, Florida. October 18, ,971
for value rece~ved 1 or we joinNy or severally prom~se to pay to F!~ST FEDEFAL SAVlNGS AND LOAN ASSOCIATIC~N OF ~NDIAN S
~:IVER COUNTY, the sum of 520~ ~Q. ~ , at its office ~n Vcro Beach, flo~~da, w~th ~nterest at !he rate of 7• 2~J
per cent per annum, in the following manner:
sl`}`~• 57 upon the first of each and every month hereafte? ur,til the full pnnc~pat sum, ~~th interest, has been paid; said
monthly payments shall be aDP~~ed f~rst to the payment of interest on the unpa~d balance, and ihen ro the payment of principal.
This note is negotiable and if default in Davment occurs, may be pl~ced :n the hands nf an attomey at law for collect~on, in which
e.ent ! or we agree to pay tHe ccsts of eollectien, ~ndudinq a reasonaL>Ie atr,rn~y's fee, and each of us, whether maker, guarantor or endorser,
nereby sevcra~~y wa~ves dem3nd, nonce of n~n-oavment and proteit of th~s n~te.
/s/ Alexander_ Russ_e~l Iianack cs~a~~
/s/ Ethel j~ne Banac~C cs~an
~ !n the event any payment is n~t made prior to the 20th day ot the m~nth when due, then this note shall bear interest at the rate of
\~(°.b frem the d..te any such payment fxcame due and through~ut the D~~~'~ ~f such delinquer,cy.
~ 25 State stamps paid and c~nce~~e~1 on ori3~nal ef this n~te in the ~rn~unt ot $3~• 00 ,
4 `O WO VV
+ NO`V, THEREFCRE, the MORTGAGOR for the pu~pose of secunng the payment of the sa~d sum ef S : • and the
; Nerfarmance of the covenants and acreements hereinafter express?d, and f~r d~~ers geod and vatuab~e conciderations, by these presenis, does
; grant, bargain, seil, remise, release, cunvey and con!~rm unto the R70RTGAGEE ~ts z~eccesscrs and ais~gns, all that certain lot, piete or parcel of
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tand, s~tuate, lying and being in the County of St• LUCle and $tate of Florida, dezcribed as follows:
3
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~ The North 1 j 2 of the Northwest 1; ~ of the Southwest 1/4 (less the
` South 100 feet and less the West 40 feet for road right-of-way) of
`j Section 19, Township 35 South, Range 40 East; said land lying and
~ being in St. Lucie County, Florida.
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} ` f : ~ ` - L t.: t 1 ' ~ 1-~
~ r L.. , . _ _ . . THIS INSTRUAIENT WAS PREP/?Ft~p
' ' - = B'' Michael O'Haire
; ~ = i sr~~rH, rH. SMITH a
~ j ar~},~
':3 ~ L' O O HEP.O. BOk S18
~ : i:• i i.. _ ~;,.a:~,~ - VERO 8
{~??~.19Ji:? - ~CH, fIORIDA 329Sp
=s~~ . }
t~gether weth all and singu~ar the tcr.ements, hered~taments and appwtenances thereu~to be~ortging r:r in anyw~se apperta~n~ng thereto, a~d
a~l renss, issues. prcceeds and pr:,f~ts accrucng and to accrue from iaid prem~ses, all of ~.h;ch ~re ~nc~u~ed m the aw~e and forego~ng de-
- sCr~pt~an and habendum.
- TO HAVE AitiD TO HOLD ti,e abo.e dexnbed and granted prem~ses unto the sa~d MQnTCAGEE, its succeuors and ass~gns forever.
- And Ine said MCRTGAC'AR tor I•+elr hCUS, exBCUtOrS, administrat~rs 2~1G~ dSS~~~1S, F18tPbY C:%vPI1d~115 w~th tFe said MORTGAGEE, its suCces-
~;j scrs and ass~gns, that they are ~awr~~~y se;zed of she sa~d p~em~ses ~n Eee sim~le; that the same are free, dear and d~s
_ charged from a~t l~ens and encumb~ances in taw or 1n eqwty, and that they w~N and their heirs sha~~ warranf ancl
- ~efcnd the ntle to the same to the sa~d MOR?GAGEE, its successors and assigns, forever aga~nst the ta.vful cla~ms and demands of all persons;
- PROVtDED. AL\~/AYS that if the MOt2TGAGOR shall pay unto the MORTGAGFE the prom~sscrv ncte here~nbefore desc~~bed, and
' s'~all t:u!y, promptly and fully perform, d~5charge, exeCute. Complete, comply w:th and ab~de by ea.h and e.ery the st~pu~at~ons, ag~eements.
_ cond,ti~ns and :~.enants of sa~d prcm~sso~y note and :;f th~s hlortg~,o,e, thcn th~s h1..rtgage a~d r^e ~sf~re hereoy created shall cease and be
null dnd vr,~(1
IT !S U'~C=nSTOCO that the ~.r "~'~rt3d5-`~ ~ wheiher in ihe sing~tar or p'ura! anov.~c~e ~n ~h~s h4~~t~~ge. sha~l be s~ngu~ar ~f one
- ~.n?y anc] ;`a~~ Ee p';:•al ~~mt~. .,^d ;~.era!;~ ~f m:,re than cne, and t!~ar t•e w~~c: ..T~e~~" as .::.,1 :n.•.,~^:':c ~n i!~~s tilxtgage shall be takrn
tv m.3n ~s.'~ "her,~~ u~ '+t:." F:.er tne c: n!e+ct so ~mpf~es or a~m~t5 A>>. that where.c• :~:ere is a r~fereace in ihe eovenants and
~5r~~~men'; he~ein c:nt.+med t_~ an~ o` rhe pa~r~es hereso. tne same sha~~ e=~>>i~ued to rr~ an as w~ ~ as the ~e~rs, legai representahves, we-
cess=r, :nJ az;:,n> 'c."'• •.=;untary acr ttie p.3rt~e> ~r mv ~luncar~ ~pera;~:.n of tn~ ia~' c,t the same a-~~ ;nat tne cevenanrs here~n
C_~i.i~r`.~: s^_i:; ~,~~:1 .^~.f .~~e .~•n: .~.T .+d.a~:age> ~^.~re t~ t~~=e re~aeet~~e he~r;. ~esa! rep.~•~~en;,~~;.es. ;ucr:~~,.~s an,~ ass:sns cf thc
~,a~l~GS `'.C ~i
~ h!~,•~g:,ge~s. 4~r t~em;~ I.~•s and th~~~r he~rs. ~egal rep~eientat~~es, wccess.~z and as~,5ns. ~~e~.•~v ;~;:ntly an i;e~e~a!IV e~ve~ant
An,_ ;a~~ .
a^d ag~c,~ t, an.! ..~oh ri,e w~d'~SCRT":,G:c. ~ts su~ce~snrs and asz~g~i
1. To pay al! and s~ngu!a~ the p~mc~pai and ~nterest and t'ce ~ano~s and sundry sums of m~ney pa.ao~e 5t ~~~'u' of i~id p~cin~;s:~~
h r:_.tc an~ t+n~. m,•tq.~ge, eaCti ~nd e.ery p..;mptiy on the dayz respect~'•~•~v t~.e same sc~e~aliy :,crme :i,;e.
- ? T• ~•a~ a~:i s~ne.u~_ r t~e taYez. a>ses:men~s, lev~cs. I:a, ~lities, obligahons and ~ncumbrances of every nature and kind now on
~,:,3 ~~c~r~P;~j pr pp;;v cr rt.it he^r3"er ma. bP ~mp~s~•~. Su~fered. ,_e.1. ~°v~ed. , ~ t~;_ r,. .~_+t ~~~re:ttrr m3y ~`e !evied or
a~ 1 u n•-„S • t;.age. ttic ir.'.r .;n~~>s ;ecu~ed ~`e~eb c r_^ ,~1 e.e ~ v~en ~ue .~n 1,pa,.~!~ ~+CC ~;~-,3 t. w, bef_.e ihey be-
c J , ~ as t^.. , , t t~e 3 .e s'~.,I! hc p~omptl~.
~m_ ! r,;u,nt. a~f ~e',r~ .,m. .~r~rt~t a t,c7:~> d-~y pena:I ~
;Jtr.}~c.l dr.~ ~~~C~-~d,G', . 1 r:C dnij t"( .:r.b~nd~ ~~~tiC'.l~ u~JCUrtSi~ : ~:_r ~.i . rCC•':~t .:r . , S.ih~~rec•~:;n paper O}~~C~~i~~.
i.nc'_•_..j .;r :er~:+~c.i t~e p'a:e..' ~n r^e h.3~+. -f :.a,d 1,10F ~ ,~:,n ten .;~yti n~~.t .zf•~ . ",mer•; .^_!~,n tnc e,ent rtiat a~y ihereof
" r_t pa:d. ia• s.`ied an:? d~>c~a~3ea. w,.i hS;;kT~4"EE mar ~t a~~ t~m.e p~r t~e s.~me .:ny p.ut t~v~~e,t w~:ti.ut vv.a~v~n: or affeenng any.
ca: ~ ,tn, equ~t~ . r~ht un..'er -r b, ,~•!;,e ~f t+~s ti1:~r!gage, and t'~e +..i! am unt ~f cach and~~~ccc ]]]eLLL.~~~e~ zuch paym~~~ s~.+'t he imme~~a!eiy
~^.,~.~ab~^ 3na S~~~~ `,'.vr ~ntereSt 4ri~n 'hp ,i+~e 'hC.n-.f unt~l adr..' at Tt:^_ rat_ •,•f ~~i~~~~ pe r CC~^•tum per annu:n and to~2t~@r
- w~ . ~ s~..'~ ~~terest >~ai! :,e >ccu~ed b~ the ~f rtns mo~tgage. SeVe? c`1 one- quarter
" 3 To place an,! c. ~~~.wlv ~ecp m,e ~,u~~dingi n~w or ne~eaher s~tuated ;n sa~d . , ~ a': e::u pmenr an~ DCrSi n3~ty C~v +
_ er~d 'U. th~s m;•tGaSe. ! p~.,r- un. :n in full. f~rC in•,u~arCc' ~n thc u°.:.ai s' ~n.~ ~,~C; } 5rm, in 0 S~m .:pp•. .^_d Gy tb~_ ~
ti'vRTG.4G;E an~ t~~na•.i> .^>..r.~nce ~n the usuat standard p~l~cy form,in a sum ap~~~ved bv thc h!ORTGnGEE, in ,uch e:mpany or eompan~es ~
the h10RT ;AGEE mar ~~rect, ar.d a!I fire and t~••nad_ inswa~ce p^~~c.es ~n anv of ~i ~,:i:d~^~s, a^.y ~nteres! the~e:n or part thereof, in the
' agK~eyate sum af~resa~d o~ in exces~ there.-:f, zh:~li c~nra~n the usua~ srandard rri~rtgagee : au,e ' ~~th ~rher ~l:~use as the IvSorigagee may
,-~a reqwre, mak,ng the I?ss u~_ier •a~d p.~Lc~es, e.ach ard e~erv. Dayable t~ sa~d !ttQRTGAGEE as 15, ~nrr~est may appear, and each and every ~
such p~'~c~ s~a!1 oe prompr!y ass+gne:.+ and dehvered to an~ hefd by sa~d ~1~RTGAGEE as fu•'-.er secunr~• to s-.~d mu~tgage debt, and, not ,
'ess t!~an ten ;i0' da~s :n a~1~.+nce ~f t?+e expiration af eath polky, fo deir:er to sa~d hfCRTG~GEE a rene~al therec;t. h:~e!her with a reteipt
- for the prem~um of such ~c^r:•.al a~d t~c-e shal! bc fire or torn~:'o msurana~ p'acci .~ny c~ 5?~i _,u~~.:nc,s a~~, ~~~te~ezt Thcre~~ or
: part tnereof, u~less ~n the fo~m and with the loss payable as aforezaid: and in the e~ent any surr of monev becomes payabte under s~ch
- .•.AC.Yw-~-t'..~•
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