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Home My WebLink About0377 .~...-=v~v , THIS IthDENTURE, Made the ~~SY_ . Day of . _ .,january._ . , A D. 19 7~. , between { S.TEWART G. BARKLEY and JEANNE L.. BARKL.EY, . his wif.e, . _ ; of St. ~.UCle County, Florida, hereinafter designared as the "MORTGAGOR," and FIRST FEDERAI S/1VINGS AND ~ ~OAN ASSOCIATION OF INDIAN RIVER COUNTY, a corp~.atic~ organized and existing under the lav~s of the United Srates of Amcriu and having ~ts princ~pal plate of business in tho Ciry of Vero Beath, In~ian River County, Florida, hereinaltci desig~alt~d as the "MORTG/1GEE." WHEREAS the MORTG/1GOR i; just ?~tp,~ he MORTGAGEE in the sum ofEleven T.housar~d and..no/100- (S W1~• W. ) Da.~••~c good and lawful m~ney oi the United States advanced by the MORTGAGEE unto the MORTCAGOR, as evidenced by a certain prorn~;a :ry note of eve~ date hCrewith, of which the foltowinQ in words and figures is a true copy, to-wit: sl l, 000. 00 tso. ve.~ BC+Ch, FIO~idi, _ _ January_31,. 1972__ _ . ~x__ . For value received I or we jointly or severally promise to pay tc FIRST FEDERAL $AVING$ AND LOAN ASSOCI/1TION OF INDIAN RIVER COUNTY, the sum of : l ls at its office in Vero Beach, Florida, with interest at the rate of _ 7• 25 per cent per an~um, in the followin~ manner: 3~4+~_9,~ . upon the first of each and every month hereafter until fhe full principal sum, with interest, has bee~ paid; said m~nthly payments shal) be applied first to the payment of interest on the unpaid balance, and then to the payment of printipal. This note is negotiable and if default i~ payment xcurs, may be placed i~ the hands of an attorney at law for collection, in which event I or we agree to pay the costs of collection, including a ~easonable attorney's fee, and each of us, whether maker, guara~tor or endwser, hereby severally wai~es demand, notite of non-pavment and protest of thls note. /s/ Stewart G. Barkley_ - - - --ckan /s% Jeanne L. Barkley ~~a~~ In the event any payment is not made p~io~ to the 20th day of the month when due, then this note shall bear interest at the rate of from the date any sixh payment became due and throughout the period of such delinquency_ g' 25State stamps paid a~d tancelled on original of this note in the amount of S 16. 5~_ NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said wm of S11.~-0-~~.~.. aod t1+e Nerformance of the tovenants and agreements hereinafter expressed, and for divers good and valuable considerations, by these presents, does grant, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE its successors a~d assigns, a!1 that ceriain lot, piete or parcet of land, situate, lying and beirtg in the County of ?St. I.UCle _ and State of Florida, desuibed as follows: Lot 13, Block K, MARAVILLA ESTATES SUBDIVISION, according to plat thereof filed in the office of the Clerk of the Circuit Court of St. Lucie County, Florida, in Plat Book 8, page 77. THIS INSTRUMENT Wu PREPARED BY f JEROME D. QVINN W S•1 A I' ~~F r L O F~ ( V A 3MITH. FiEATH, SMITH AND O'HAlRE v-; ooCUMEVTaop _Sra~~P TAX P•o. eox sie ~ U = _ ~ Z = - dn VERO BEACFI~ FLORIDJI 32960 ~ ~:rE,~ ~ _ I 6 5 0 = pe.~~o~~: " together with all and singular the tenements, hereditaments and appu~tenances thereunto belonging or in anywise appertaining thereto, and al! rents, issues, p~oceeds and profits accruing and to accrue from said premises, all of which are included in the above and foregoing de- j uription and habendum. TO HAVE AND TO HOLD the above destribed and granted premises unto the said MORTGACEE, its wccessors and assigns forever. And tie said MORTGAGOR for tt].el~. heirs, exetutors, administrators and assigns, hereby covenants with the said MORTCAGEE, its wcces- E sors and assigns, that-_ L~'1e~/._are_.___ ____-____._lawfully seized of ihe said p~emises in fee simple; that the same are tree, tlear and d~s- E charged from all liens and entumbrances in law or in equity, and that they._ ~;u a~ their___ ~;n wa~rant and ~ ~ ~iefend the title to the same to the said MORTGAGEE, its sucteuors and assigns, torever against the lawful claims and demands ot sll persons; PROVIDED. ALWNYS that if the MORTG/1CAR shall pay unto the MORTGAGEE the promissory note hereinbefore desCribed, a~d ; shall truly, promptly and fully perform, discharge, exetute, complete, comply with and abide by each and every the shpulations, agreements. ~ ccnd~tions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and vniA ~ IT IS U~iDERSTOOD that the word "Mortgagcr" whether in tho singular or plural anywhere ~n this Mortgage. shall be singular if one ~ ' cnly and shall be plural ~ointly and severally if more than one, and that tne word "Their" as uscd anywhere in this Mortgage shall be takcn ~ !o me~n "his," "her," or "its." wherever the context so implies or admits. Also, that wherever there is a refere.~Ce i~ the toverwnts and ~ acre¢menis F?e~ein conta+ned to any of the parties hereto, the same shafi pe conscrued to mean as wrll es the hei~s, irgai re~re:^nta*~~es: suc- ~ = cess~rs and assigns (either ~oluntary by act ot tF+e parties or invelun:ary by eperat~on of the (aw! of the same and that the tovenants herein ~ c~nta~n:d shall bind and :he ben_hts ~nd adYantages inure to the respective he~rs, legal represe~tat~ves, successors and assigns of th~ part~es hereto_ ~ And said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, here5y jointly and severally covenant ..a , o ~..,t . .z... ._:a ~,innrr ercc . _ ' ~o~ . . . ~ ~..v +..:6: i. ~ `l. To pay all and singular the principai and~interest and the various a!id sundry wrrK of mGney p~yaSle by virtue of s~id promiss~ry ~~ote, and th~; mortgage, each and every promptly on the days respett+~ely the same sewera~ly become due. z 2. To pay all and singular the taxes, auessments, levies, 1ia:;ilities, obligafions and in:txnbrantes of every nature a~d kind now on ~ ~aid desuiped prcperty, or that he.cafter may be ~mposed, wffered, ~'~~.ed. lev~ed, or assessed thcreu~ or that hereahcr r.~ay be levied or _ a:sess.~3 up~n th~s Mortgage, or the indebtedness secured hereby. eac'~ .a~d every, when due an~ payable acc3~d;ng to faw, before they be- t - c.me del~n~uent, and bef~re am• anterest atraches or any penatty is sncurred; and insofar as any there~f is of •ecord the same shatl be promptly ; <.at~sf~ed a~d d~scharged of rec~rd and the onginal offiual documens iz as. for ~n;tance, the tax receipt or t~~ satisfxt~on paper offitially _ •,ndorsed or certificd: shall be ptaced in the hands of said MORTGA"EE w~:h~n ten days next after payrnent; and ~n thc e.ent that any the.eof ~s n?t paid, sahsiied and discharged, sa~~ MORTGAGEE may at any time pay the same or any part fhereof without waiving or affetting any Y cphcn, l~en, equity, or right under or yy virtue of this Mo+tgage, and the full amounf of ~ h v r wCh payrrtienf shall be imrteediate:y .i:.c ana payab!e ard shall b^ar interest from the date thereof until paid at ti~e rate of per centum r annum and togethrr ~ ~ .,,~rh ;~c?+ interest shall be sewred by the lien of this mortgage. SeVeII SIl Oll@-quar~er 3. To place and c~nr~nuo~,sly keep on the buildings now or hereafter situated cn sa6d lard and on att equipment an~ persona!ty cov- _ ered by this mo:tgage, w~th ~i premiums the~eon paid full, fire insurante in the usual stand~*d p~f~ty form. ~n a wm approvcd by ttw~ '~iORTGAGEE, and tornad~ insurance in the usual standard poliq fwm,in a wm approved by the MORTGAGEE, in such company or companies ~ .~s the MORTGAGEE may direct; and alt fire and tornado inwrante policies on a~y of said buiid~r.gs, any in.terest therein or part thereof, in the agRregase sum aforesaid or in excess thereof, shall contain the usual standard mortgagee c!ause e~ such othe~ clause as the Mortgagee may ~ requue, making the loss under said aolicies, each and every, payable to said MORTGAGEE as ~ts inrerest may appear, and each and every - such policy shall be promptty assigned and Aelive.ed to and held by sa~d MORTGAGEE as fu•t~.er security to said mortgage debt, and, not ~ ~ess than te~ (10) days in ad~ance of the expiration af exh poliq, to deGver ta said MCRTGAGEE a renewal the.eof, together with a reeeipt ~ fo. the premium of suth renewal; and there shal! be no fire or terna~o msurante pfaced on any of said bu~Id~ngs. any mte~est therein w r part thereof, un{ess in tF+e form and with the loss paysbk ss aforesaid: and in the event any wm of money becomes paysble under such «~RC-f00•h7t-v~~ . l; 8o3K ~0 V . ~~A ~ • . t..~ ~z:c - - ' - - ~ - -~-e`~: _ . _ . . . . . .t.__,