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Home My WebLink About0123 THIS lNQEtJTURE, t~lade the 17th pa~~ of Ji11111~11~' , A D 19 ~2 , be~.._~~ JOHN L, CLYATT and GA1L. CI~YATT, his wife, St. ~...UClf.' County, Fi~r~da, here~nafter designar«i as the "A10RTGA~OR," and FIRST FEDERAL SAVIn~GS AND ~~AN ASSOC~ATlO"~ OF 1NDIAN RIVER COU'~:TY, a c~~p~~ati.~n o~ba^~zed and ex~shng u~der the Iav.s cf the Un~te~ Ssates o4 Amerita and ha~~ng ~!z pnnupal p!ace of business ~n t'~e C~ty af Vero 6each, Ind~an R~.rr County, Flonda. here;nafter des~gnared as the "'~1pRTG.AGEE." N/HEREAS the A40RtGACAR ~s ~us~Y iny~j+~df~ the MORTGAGEE ~n fhe sum of ~enty-two Thousand and no!100- - - - - - - - - - - - - - - - - - - - - - - - ~ SL2, VIJIJ. W ) D~+!ars. ga~d ~nd Iaw~ul m~~er the Unlted Statcs advanced by thc MORTGAGEE unto the MOR7GAG-OR, as ev~denced by a certain prom~;so.y notc.of eve~ date h~r~~,vuh, of wh~~h t~+e foll:~wine in wOtAt and f~gures is a t~ue copy, to-w•it: b 22~ 11W. W f~o. . ve.o se~~?,. F,~~~~, .lanuary 17~ 19 72 For value recei.-ed I or we joinily or severally prom~se to pay ro FIR$T FEDERAL SAVIf~GS AND LOAN ASSOCtATtJN OF fND1AN ~:iVER COUNTY, the sum of S22~ ~ , at its office in Vero Beach, Flor~da, w~th interest at the rate e1 7• S ~er cent per annum, in the followi~Q manner: s 162. upo~ the first of each and every month hereafter unril th~ fu~l pr,nc~pat sum, v.~th interest, has bee.+ paid; said monthly payments shaN be appl~ed first to the payment of fnterest on the u~pa~d balancP, and then t~ the payment cf princ~pal. This note is negotiable and if default in pav~ent occurs, may be p~aced ~n the hands of an artorney at law for collect~un, in ..•hicfi event 1 or we agree to pay t!+c c~sts of c~Itection, including a reasonable atromey's fee, and each of us, whethe~ make?, guaranto? or endorse., hereby S^_veralty wa~ves demana, n~!~ce of nun-navrr~ni azd ~*ateit of ih~s nor~ /s/ John_ E. Clyatt _ «a„ s/ Gail Clyatt ~s~a~~ In the event any payment is not made prior to the 20th day of the m~nth when due, then this note shall bear interest at the rate of 1~.Y 4(~ from the date any such payment became due and through~ut ihe per~od of such del~nquency. , State stamps paid and canceUed on ong~nal of this note in the am~unt o+ s 33. ~ _ - NOW, THEREFORE, the MQR7GAGOR for the purpose of secunng the payrnent of the said wm of S22: 0~• ~ _ ae~d the ,,erformance of the covenants and agreements hereinafter ezpressed, and for d~vers good and valuab~e considerations, by these presrnts, does grant, bargai~, selt, remise, release, convey and conf~rm unto the MORTGAGEE its successars and ass~gns, all that certain )ot, piece or partel of land, situate, lying and bemg in the County of St. Lueie and State of Ftonda, described as follows: . :•i, ~ , - Lots 45 and 46, RIVER OAK ESTATES, according to plat thereof v r~ filed in the office of the Clerk of the Circuit Court of St. Lucie _ E? \ Count}~, Florida, in Plat Book 16, page 5. ~ :~.~~;~4~ o ~ ~~~y, ,tt. h~G~.ii~ ~_'C7~ ~ i~• FA~'.'.r;.'? vr 'riK~ Tfil$ INSTR..!.:EtvT t~'A~ VREPAAF~ BY OJ~ GN r~.'ihSS 'C' 11'A':~+E.~ F~?.~J111` ~:~v'~(il, JERaME D. Qi;INN - r~ ' NR~i1MlT TO ~?tAP'ifR ]i-~~ A4T.~ Oi iS~l. SM:TM~ HEATH, SM.ITH A?~ta p'F{ql(2E 2 ~ a ROGER P41TiiI~S, C~act~ Cira~ii ^.oct ~e p. o. sox s~r~ 7C. ~.-c~~ VER~G BE/rCH, FLORIO~? 32960 ' _ ~ - 'p _ , ..c:1. f ~ ~ . .J ~ i - - _ "1S rogether with al! and singular the tenemnnts, hered~taments and appu~tenances thereunto belonging or in anywise appertain~ng thereto, and alf rents, issues, prot2eds and pr~f~ts accruing and to accrue from Said p~emises, alt of which are inctuded ~n the above and foregoirtg de- stript~on and habendum_ TO HAVE AND TO HO~D the ab~ve described and granted p+em~ses unto the said MQRTGAGEE, its wcceuors and ass~gns forever. And the said MORTGAGOR for their heirs, executors, admm;strators and ass~gns, hereby covenants w~th the sa~d MORTGAGEE, its wcces- ' sars and assigns, t?~t _ they are ~ar„r,;~~,, seized of the sa~d prem~ses ,n fee simpie; that the same are free, clear and d~s i ; c!Zarged from all liens and encumbrances in law or ~n eqwty, and that they wil! and t~lelY' heirs shall warrant and ;3e~end the title to the same to the sa+d MORTGAGEE, its successors and assigns, forever aga~nst the tawful claims and denwnds of ail persons; PROVIDED. ALWAYS tFtat if the MORTGAGOR shall pay unto the MORTGAGEE the promissory nore hereinbefore desc.ibed, and shall truly, promptly and fully perform, d~sCharge, ezecute, compiete, comply w~th a~d abide by each and eve.y the sirpulations, agreeme:~?s. cond~ti~ns and covenants of said prom~ss~ry note and cf this Niortga~e, then Th~s Mortgage and t~+e Estate hereoy created shatl cease and be s null and vn~rl ~ IT iS Ii~JD[RST~OD that the wcrd "Mortgagcr" whet'tier m t~ singular or p'ura! anywhere +n this Mortgage. shall be singular if one cnlp and sF~a!! pe p!ural ~oin!ly dnd severalty if m;,re than o~e, and that tne word "The~r" as ~scd anywhere in th~s hlortgage shall be takc~ _ to mean "his," "her," or "its." wherc~e~ the c~ntext s~ impt~es o. admits. Also, that where~er :here is a referer+ce i~ the eovenants and agreeme~ts here~n c~tained to any of rhe parhes hereto, t?+e same sha~l be con;trued to mesn as we!I as the he~rs, lega{ representatrves, wo- ces>~~s and ass~gns lelther ~oluntary by act of t!~e part~es or ~nv~tuntary by operat~cn of the law~ of the same an~ tnat the covenants herein r_ntamed shail b~nd and tne benet~;s ~nd ad~antages ~n~re t~ the respect~ve heirs, iegal representat,ves, successors ~nd auigns of the - ~d~t~nS flCretO. ~ And said Alortgagors, fo~ thernse~Yes and tfie~r he~rs, legal representatyves, succes»rs and ass~g~s, he~eby ~omtly an~ severatly covenant ' and agree to and v~~th the said MORTGAGEE. ~ts succeswrs and assigns: ~ 1. To pay ali and s~ngu~ar the princ~pal and interest and the various and sur.dry sums of money payable by vi:tu~ of said prom:ss~ry ~ote, and th~s m~rtgage, each and every p.omptly on the days respect~vely the same severatfy become due. 2. To pay all and singuler the taxes, assessments, tevies, lia~ilities, obligations and incumbrances of every nature and kind now on $ sa~d ~exri;,ed property, or that he~caf'er may be im~csed, suifered, piaced, tev~ed, or assessed thereon or that hereatter may be tev~ed or a~ses~ed upx+ this Mortgage, or the indebtedness secu~ed hereby. each and every, when due anj pavabie acc~•ding to law, befo~e they be- " c~rne dehnquent, and before any ~~rerest ataaches ~r er.y y~na!;y is inC;:rr~: and ensnfa~ as any there~} ~s of •ecord the same shall be promptly ? sat~sf~ed ar.d d~>c~arged ef record and the origmal offic~al dxument :such as, for Instance, the tax receipt or tne sansfaction paper offit~atty ~ endoried or cert~fied; shaH be p~aced m the han3s of said MORTGAGEE w~rh~n ten days next af!e~ ~ayment; and in the e~ent that any thereof ' ~s n~t paid, satis`ied and d~scharged, said MORTGAGEE may at any time pay the same or any part thereof wrth~ut waivin¢ or aftetting any z c.ps~~n, S~en, eauity, or right under or by vi~tue of th;s Mortgage, and the fufl amount of each a id every such payment shaN be immed+ateiy ; d~e and payab'e and sha!! bear interest from tne date thereof until paid at the rate of Yi~}1e3~~}i~f~$ per centum per annum and togesher w~th such interest shall be setu.ed by the lien of this m~.~~ge. seven and one-half ~ 3. To place and cont~nu~usly keep on the bu~ldin s now or hereafter situated on said !and and on al! ~sonait cov- 6 eGu:pment and pe Y _ ered by th~s mortgage, w,th a~! p+emiums thereon paid in full, fire ~nsurance 1n the us~al sta~d.~rd p~l~cy form, in a sum apprc~rJ by the - MORTGAGEE. and tornad~ inw~ance in the usual standard polity form,in a sum approved by tFw MORTGAGEE, in such cempany or companies _ as the MORTGAGEE may d;r~t; and all fi:e and to.nado insurance polic~es on any of sa~d buud~rgs, any ~nterest there~n or part t!tiereof, in the - aggregate sum aforesaid o+ in excess thereof, shall c~ta~n the usual standard mortgagee c~auwe er such other clause as the Mortgagee may - reawre, ma~~ng the loss under sa~d poliaes, each and e~ery, payable to sa~d MORTGAGEE as ~ts inserest may appear, and each and every such pohcy shall be promprly assigned and delivered to and held by said MORTGAGEf as fu•t~er secur~ty to s~id mortgage debt, and, not T - !ess ~han ten (10) days in advance of the expiration of eath policy, to del~~er to said MORTGAGEE a~enewal therecf, together with a reteipt 3 for the premium of such renewai; and there shaN be ne fire or tornado ~nw~ance placed o~ any ot sa~~ bu~~d~ngs, any 1nte~est therein or _ pa+? thereof, unless in she form ~nd with the loss ptyable as aforesaid: and in the event any wrr. of money becomes payable urder wth FFtRC-250-9-70-A B~~K 199 F~~E 123 ~ r- ~ _ . - : _ - ~ _t