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Home My WebLink About1413 ~ 22345y THIS INDENTURE, Made the ~~_f1 . Day of . ,jc'1I11,Is`lY1l._. . , . . O. 19 72 . betv.een OSCr1R y1r1lN and M1L,DR~D MA IN, his ~tife~ _ . . _ . . . _ . _ of S~. Lucie Cp~ry~ Fiwida, hereinafter desianated as tF+e "MORTG/~GpR,•• and FIRST FEDEWIL S/1VINGS /1ND LO/~N /1SSOCIATION OF INbIAN RIVER COUNTY, s corporatio~ o~gani:ed and ezisti~g undc~ the tav.s of the Umted States ot Amcrip and hav~ng its printipal plate of buziness in the Ciry of Vero 8eath, Indian River County, Florida, hereinafter clcsigna~eA as the "MORTC,AGEE." WNEREAS the MORTGAC,OR is just "~Q~~~Q~j he MORTGAGEE i~ the sum of ~V E'D~y- six Thousand and . no/ 100- . - - - - - - ~ - - - - - - - - (S ~~s yW 1N. ~oiiars. Bood and tawful mx?ey oi the United States advar+ted by the MORTGAGEE unto tF+e MORTG/1GOR, as evidmced by s certain promissory note of eve~ date t+ere.v~th, of wh~th ~he follow~np in word: and fiQu~es is a true copy, tawit: s26, 000. OQ ~ No. . . s Vero Beach, ftorida. . January 18~ . l97z Fo~ vafue received t or we jointly o~ scve~ally promise to pay to FIRST FEDER/1L SAVINGS M1D LOAN ASSOCIATION OF INOIAN RIVER COUNTY, the sum of S 26~.~0• ~ . , at its office in Vero 6each, Florida, with interest at the rate of 7• 25 per tent per ar~rxur~. in the followin~ manner: 205. 50__ _ S_--- upon the first of each and every month hereatter unril the full piincipal wm, with interest, has been paid; said t monthly payments shall be applied first to the payment of interest on the unpaid balance, and the.~ ro tF+e payment of principal_ This note is negotiable ar+d if default in payme~t occurs, msy be plated in tF+e hands of an attomey at law for coilection, in which event t or we agree to pay the eosts of tol}ettivn, including s reasonable attorney's fee, and each of us, whether maker, guarantw o~ endorser, hereby severalty wai~res demand, notice of non-wvme~t and protest of th~s nota /s/ OSC~~'_~~1D. cSeaD /s~ Mildred Main ~ - - - _ _ - - - In the event any psyment is not made priw to the 20th day of the ~~onth when due, thcn this note shall bear interest at the nte ot ~ R.X96. from the date any such payment became due and throughout the period of such delinquency. ~ 2J State stamps paid and cancelted on original of this note in the arr?our+t of S 39. ~ NOW, THEREFORE. the MORTGAGOR for the purpose of seturing the p~yrttent of the said sum of S 26s snd the ;,e.formance of the covenants and agreeirents hereinaher expressed, and for divers Qood and vatwbte co~siderations, by these p~esents, daes grant, bargain, sell, remise, ~elease, co~vey and tonfi.m unto the MORTGAGEE its successors ar+d assignz, all that certai~ bf, piete or parcel of t land, situate, lying and being it? the County of , . St. ~-.UCle and State of Flwida, destribed as folbws: ~ Lots ~ and ~ of MAIN SUBDIVISION as per plat thereof on file in ~ Plat Book 14 at page 30 of the public records of Saint Lucie County, ; Florida. ~ r ;J~ . ~ - ~ `~i C( A i~-t 1~~~..:~ ~,i- i _ ~ j - FES-:i72 f :c;~3 9 0 tr,~5 i~sT~. ~..a; ~~E~nRE~ er C~ - 1E.i;r.tE t, ~GIhN f F"' U ` SMITH, NEATH, S~IITH AriQ O'HAIRE ~ N t!:1.P.~ tiiixYl P.O. BOX 518 P.B.1e0 ~ T z v~o afwcr+, F~o~+aK a29ao ~ rn ~ c~ ~~rv~o - a ?a~ o~ t~s oc~ a a~ ~c rrt~ ~ nov~Rr~ j ~UA'~1~ T0~'1~ Tbl~1. ACfS Of 14I1. 3 Ia06E7t ~OtIRAZ q~rR Cirtalt C~rl. SL L~ae Cn FL. ; 39~ ~ together with sll and singular the tcnemenn, hereditaments a~d appuitensntes thereunto belonging or in anyw~st appertaining thereto, snd all renrs. isuxs. proceeds and profin ucru~~a ar~d to accn,e iram said premises. all of which are included ;n the abore and foresoins de- ~ SCription and habtndurn. TO HAVE /1N0 TO HOLD the sbove destribed snd gnnted premises unto the said MORTGIIGEE, its wccessws and assiQns fwever. ~ And the said MORTGAGpR fw Ytl~lr. heirs, ezetutors, administntors ar+d assigns, hereby tovenants with tF:e said MORTGAGEE, its wtces- ' i~'le are _ uw~,~ Se;zed of tF,e said mp , ' sors and ass+gns, that_•- y. - 1y premius in fee si le: that tF+~ ssme are free. dear and dis- cFwrged from ali liens and entumbrantes in Isw or in equity. ,.,d r?~r ..they-_. r,,;,, sr+d ~t1e_lx_._ ?,e~n shill warrsnt and ' ~iefend the title to the same to t1+e said MORTGAGEE, its wcceswrs snd auiQns, fo~ever sgsinst the lawful claims and demands of all persons; i PROVIDEO. AlW/1Y5 t1+~t if the MORTGAGOR sF+all pay ~u+to the MORTt',AGEE the promiuory note hereinbefwe des~ribed, and _ ' shatl truty, prornptly and fully perform, discha?ge, execute, tomptete, cwnply w~th ~rxl abide by each and every.the stipulatiwu, aQreerr~ents. ~ conditions and covenants of said promissory note and of this MatQage, then this Mongage and tF+e Estatr her~oy ueated shall cease and be null a~+d vnir/ I IT IS U~~DER$TOOp that the word "Mwtgagor" whether in tiv! singular or plural anywhere in this Mwtgage. shall be singulsr if one only and shall oe plural ~ointly and severally if more than one, snd that the wo?d "Their" as used anywhere in this MortQaQt shall be tskrn to mea~ "his," "her," or "its.'" wherever the tontezt so implies or admits. Also, that whe~ever thera is a refere.-+Ce in the Cove»ants asd agreements herein contained to any of the parties herero, the same sha11 be cw+strued to mean as we~l as tne heirs, legal representatives, suc- cessors and assigns (either vo~untary by act of tF+e parties or involuntary by operation of tF,e law) of the same and that the cwenants herein - r,nta~nzd shalt bind and the benei+rs and advantages inure ro the respettive he~rs, legal rep?esentat~ves, wtcessors and assigns of the ~art~es hereto. Md said Mortgago.s, for themselves and their heirs, legal represenqtives, successors and assigns, hereby joinNy and severally covenant and agree to and w+th the said MORTGAGEE, its sutcessors and assi~nr. 1. To pay all and singubr the principal and interest and the various snd wndry wms of mw~ey payable by virtur of said promissory ~ ~ote, a??d this mortgage, each and e~ery prompNy o~ tl+e days respattively the same severally becorne due_ ~ 2. To pay all and singular the taxes. sssessments, levies, liabflities, obliptions snd incumbrances of every nature and ktnd now on ~ said dexribed properry, or that herea4:er may be ;mposed, wffered, plxed, Ievied, or assessed thereon o. thar hereaftcr may be levied or assessed upon this Mortgage, or the indebtedness se~cured he~sby, exh and every, when due and payable acc~.ding to law, betore they be- c~me dehnquent, and before any interest attxhes or a.+y penalty is i~cur~ed; and insofar as any the.eof is of retord tF+e same shall be prompNy sat~sfied and distharged ef record and tfie original offitial dotument isuch as, for instance, the tax receipt or the satisfxtion paper oftic+ally endorsed pr cert;tied) shalt be p:aced in the hands af said MORTC/1GEE within ten dsys next after payment; and in the event that any thereof ~s not paid, satisfied and distharg~. ~i~ MORTGAGEE may at any time pay the same w any part thereof without waiving or affetting any epnon, lien, equity, or right urtder or by virtue of this Mortaa~e, snd thl~ full amount of each and ~e~~v~ery wth p,iyr»ent shall be imer~tdistety due and payable and shall bear interest from the date thereof until psid at the rate ofX~X~t~oXt~F~e per cmtum per annum and togethe. w~rh such ~~te~~~ ~?,a~~ b,, ~;e„ of ,h;s ~,~~,~e. seven and one- quarter 3. To place and co~r~nuously keep on the bu;lG+ngs now a he~eaher sitwted on said land and on all equipment anO persona~ty cov- ered by this mortgage, with all prem~ums thereon paid in full, fire inwra~te in the usual standa.d policy twm. in s wm approved by t1+~ ~10RTGAGEE, and rornada insurance in the usual standard polity form,in a wm spprwed by the MORTGAGEE, in wch tompany or tumpanies ~s the MOR7GJIGEE may direct; and ail fire and tornado inwrsnte polities on uty of sald buildir.gs, sny interest therein or part thereof, i~ the aggregate wm afo.esaid o. in excess the.eof, shall contain tF+e uwal standard m;xtgsgee ciause o? such other clause as the RAwtgagee may ? require, making the toss under said policies, each and every, paysble to said MORTGAGEE as its inreresr may appear, and exh s~d every ; such poliq shall be promptly assigned snd delivered M snd held by said MORTG/1GEE as fu~r?,er security to said mortgage debt, ar+d, not - iess tha~ ten l10) days in advance of the expiratio~ of each policy, to delive~ to said MORTG~IG~E a renewal thereof, rogerher with a receipt for the p?emium of such renewal; and tF?ere shall be no fire w tomado insurance placed on any ot said build~ngs. any interest therein or part thereof, u~less in the form and with the bss psysb~s ss sfwessid; and in the eve~t sny wm of nwr?ey becornes payabk under wch ef1AC-700-Ij_]I-Y~• a~~~ 199 n~c~14~,2 - - - -