The URL can be used to link to this page

Home My WebLink About1215 ~ ~ THIS INDENTURE. M~d. *n.._ 27th...-- - wr of March /1. D. 1972 . betwesn ..~TA~I I.~~Y _R. ._BQR~I~N .and ~TH~I.~EBBA BQRGMAI~, ~ ~i~ .wi~e.;. of -~t. --~~lG~.~.'-.•• Camb. FIaFd~. F~etnahe? d~sijnated u the~ ••MORTWIGOR:' ~nd FIRST FEOER/U. SAVINGS /1N~ LOMI /~SSOCIATION OF INDIMI RIVER COUNTY. s capaation oreanised s~d existin~ under tM 4ws of tM United States of M+erica snd Fuving its p~intipal plxa of busineu in the City of Vero Besch. Indian River County. Fto?ida. hereinafte? designsted u ths "MORTGAC,EE'• WHERE/15 ths MORTCJICAR is ~ust ,,~n~~p,~h~ MORTGI~GEE in the ofEigbtee~t.1'hous~nd_ aQ~__~pf 1Q0- ~lS~ Vlll~ V!!_..__J Dollars, good and lawful ma~ey of the Unitsd Ststas sdvanced by tM • - - - • MORTGAGEE unro tM MORTWGOR, as widencod by a certain promissory note of cven date herewith, of which the followin~ ie? words and fi~ures is a true topy~ to-wit: s1~~ ~Q, ~Q Na - - v~ e~~. F~.~~, ..Mar~h ~7~ - . ~9 .7_~_ Fo? valus received 1 0? we jointly or sevenlly promise b psy b FIRST FEDER/lL SAVINGS MfD IOMI /~SSOCIATION OF INDlMI RIVER COUNTY, the surn of =~.$s QQQ._Q.Q_--------. af ih offite in Vero Beach, Fbrids, with interest st the rste of _..----7• 5--_- per cent par arrwm, in the followtr~ msnntr: =133._ O?~- ~ p~ of each snd every month hisreafter until tF+e full principal sum, with interest, has been psid; said monthly payms~ts s?±~11 1~e aaplied first to tM payment of i~tercst on the unpaid bab~ce. and then to the payn+ent of principal. Th1s note is ne~otisbk and if defsult in payment oocurs, nnay be placed in the hands of an atto?ney at (aw fo? colkction, in which event 1 w ws agrce to pay tF+e oosts of colkction. including s roasorwbk attorney's fee, and each of us, whethe? msker, guanntor w endorser, hereby severaily waives dee~nd, norice of rwn-wvme~t ~nd protest of this note. /._sL, Stanley__R. ,_Borg~man------------ ._ck~n ./sj_ Ethelebba Bor~man---------------- ----._cs~u In the event am psyment is not made prior ro the 20th day of the monM when due, then this note shall bear interest st tF+e nte of 7~M96 from the date any such payment became dus and throughout the period of wch delinquency. 8• 5 State stamps paid a~+d cancelkd on original of this note in the amamt of S 27~. . NOW, THEREFORE, the MORTGAGOR for the pur~ose of seturing the payn+ent of the said wm of s 18s_O~t and tha ~erformance of the covenants and ag~eements F+ereinafter eup?essed. and for dvers good snd valwble considentions. by these presants. doa grsnt. ba~gain. xll, remise, rekase. convey arxl oonfimn unro the MORTGAGEE its wcceswrs and auigns, all tFr~t certain lot, piece or parcel of land. situate, lying and being in tM County of ____._.___St.. LLLCl@________ _ and State of Florids. desc~ibed as follows: Lot 16, B1ock 93, LAKEWOOD PARK, UNIT 8, according _ to piat thereof filed in the office of the Clerk of the Circuit " Court of St. Lucie County, Florida, in Plat Book 11, page 19. i s~~a~r~~F r~o~i~,A -~4 U~ DOCUME9V7Ap~ STtaMP TAX DUE OM ~ASS ~M. INTAI~IBLE'ER~NAL PR~ERIY~ THIS tNSi~2~F,SE~T WAS VREPARfD BY ~ z _ = d 'k«~` _ PBRSiIANi TO l~iAPifR 71-134. ACiS OF ]871. JEROME D. QUINN n ~ = MTi6'?2 Y - ROGER PORRAS yri~~ sMini. HEnn~, SMITH M1D O'M/11RE ~ ~ = s l j Z~ ~ Cit~U1T OOUICf. ST. WCIE 00.~ FlA vEao e~icH ~Ft~ortioa? 32960 • f~0 CEi~.OF [LYI?YE w~ p~ ilOl lt together with sH and singular the tenerner?ts. hereditamenfs and sppurtenantes thereunb belonging or in anywise appertaining thereto. snd ail rents. iswes. Proteeds and profits attruing and to actrue fratn said premises, all of whith are included in thc atwve and fore~oing de- stription and habendurn. - TO HAVE AND 70 HOLD the above datribed and gnnted prcmises unto the said MORTG/1GEE. its wcceswrs and usi~ru foreve~. ~ Md the said MORTG/1C'AR for__Y~1I__F+eirs. exeartors. sdminisiraro~s and auigns. hereby covenants with the said MORTG/1GEE, its wttes- F sors and assigns, ~„t---- they__are ___~__~w~,~ti seized of the said premises in fee simple; that the same are free. clear and dis- ~ charged from ali lie~ ard enanr~bra~es in Isw or in equity, ~~a rwt theX _their ~N warrant a~d ~ defend the titk to the ssme w the said MORTGI~GEE, its wocesso~s snd assigns, forever against the lawful ctaims snd de+rwr~ds of sll persans; PROVIDED. NLWAYS that if the MORT('~/1CAR shall pay unto the MORTGACEE the promiuory note hereinbefore dastribed. and shall truty. Promptly and fully perfam. dstharge. execute. complete. comply with and abide by each ard every the stipulations. a~reements. cor+ditions and covensnts of said promissory rate and of this Mwt~{age, tl~en this Mortgage and the Esbte hereby created shall cease snd be null and va~i IT IS UNDERSTOOD that the word "Mortgagor" whether in tlr. singutar or plu~al anywhere in this Mortgage, shs!! be singular if one only and shaH be plural jointly and severally if more than one, and that the word "Their" as used anywhere in this MortgaQe shall be tsken to mean "his; '"her; ' w"its," wherever the tontext so implies or admits. Also, that wherever there is a refer~+te in the covenanK and ag?eemenK herein tontained to any of fhe parties hereto, the same shsll be tonstrued to mean as well as the heirs. legal re~sr~entatives, suo- cessors and assigns leither wluntary by act of the parties or inwluntary by operation of the law) of the same and that the tove~snts herein contained shall bind and tF+e benefits and advantages inure to the respective heirs, iegal ~epresentatives, wccessors and assigrts of the ,~artie5 hereto. And said Mortgag<m, for themselves and their heirs. legal representatives. successors and assigns, hereby jointly and severally covenant end agree to and with the said MORTGAGEE, its s~xcessors and assi~ns: 1. To pay all and singular the principa! and interest and the various snd wndry wms of money payabk by virtue of said promissory ~ note, and this mortgage, each and every p.omptly on tFie days respectively the same sevently become due. 2. To pay all and singular the tsxes. ssxss~nents. levies. lisbilities. obli~atians anQ incvnbrsnces of evary nahxe snd kkd naw on ` said described property. or that he?eafter may be irr~osed, wffend, plxed. levied, o? assessed thercon or that hereahcr may be levied or . ~ assessed upon this Mortgage, or the in~ebtedness secured hereby, each snd every, when due and payabk sttor~ng to law, before they be- ~ come deli~que~t, and befae arry interest attxhes or sny penslty is intur~ed; a?~d insofar as any thereof is of retord the same shall be prort~ptly sat;sfied and discharged of record and the original officisl docun+ent (wch as~ for i~stance. the tax receipt or the satisfaction paper officially endorsed or certified? shall be placed in the F+ands of said MORTGAGEE within ten days next after paymenr; and in the everit that amr thereof ~ is not paid, satisfied and distharged, sai~ MORTGAGEE msy at sny time pay the same w any part tF~eof without waiving or sffettln6 sMr ! option, lien. eQuity. a right under w by virtue of this Mortga`e. snd the full amount ~ such payment sF+all be imn+edisteiy ~ due and payable and shalt bear interest from the date thereof unHf paid at the nte ot cq?~ r snnum and to~ether ~ with wch interest shall be secured by the lien of this mort~a~e. eeven a D~ [la~ 3. To place and continuously keep on the buildings now or herwfter situated o~ said land and on all equipment and persona~ty cov- ered by this mortgage, with a([ premiwns tf+e~eon paid in fufl, hre irtwrance in the usw! standard policy form, in s wm approved by the MORTGAGEE, and tomado insurance in the uswl stsndsrd policy iwm.in a wm spproved by the MORTG/1GEE, i~ such oompany ot corrpsnies as tF+e MORTGAGEE may fiirect; and sll firo and tansdo ins~xance polkies on sny of ssid buildings, any interest therein or part thereof. In the aggregate sum aforesaid w ir? excess ti~ereof. shall conbin ths uswl stsndard mortgagee clsuse or wth other clause ss the Mort~sgee msy - require. making the bss under ssid policies. each and every. paysb4 to said MORTGAGEE ss its interest may sppear. anA each snd every such policy shall be p?ortptly sssig~ned snd detiverod to and held by ssid MORTG/?GEE ss fu?ther seturity to said mortgsge debt. snd. not less than ten (10) dsys in advance of the acpiration of esch poliqr. to delive? ro ssid NWRTGAGEE a.~~+ewal thereof, together with a ntsipt fo~ the premitxn of wch renewal• ~nd there shsll bs no Hr~ o~r tornatio inuusnce plated on an~r of said buildings, any interest therein a part thereof, unku in the form ind with the lo~ p~syabl~ ss afo?~sstd: ud in the event sny swn of money becon+a paysbls under sud~ rn~c_soo_,:-».... 600K PAGE12~.5 _ ;i - -