The URL can be used to link to this page

Home My WebLink About2701 ;~3zso4 ~ ' ~ , TNiS INDENTURE, Made the 2.Tth Day of . . cTW1E.' . , A. D 19 `T2 , between , JOSEPH P. ALAMPI and PHYLLIS F. ALAMPI, his wife, of $t. Lueie Cou~ty, Florida, he~einafter designa~ed as the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN ASSQCIATION OF INDIAN RIVER COUNTY, a corporation o~ganized and existing under the laws of the United States of America and hav~ng Its prinupal place of business in the City af Vero Beach, Indian R~ver County, Florida, hereinafte? designated as the "MORTGAG~E." s WH F,~ the MORTGAGOR is justl indebted to the MORTGAGEE in thc sum of 21~venty-~71@ Thousand and TlO~~V~------------ lS ~1~~~~.~~ ) Doil~rs, good .:nd iawful m~ney oi the Unitcd Statcs advanced by thc MORTGAGEE unto the MORTGAGOR, as evidenced by a eertain prom~ssory note of even date here.vrth, of wh~ch the foUow~ng in worris and ligures is a true Copy, to-wit: 521, 000 . 00 NO- - Vero Beach, Ftarida, . June _ 27 ~ ~q 72 For value received 1 or we jointly or sevcrally prom~se to pay to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S 21~00~• , at its office in Vero Beach, Flo.ida, with interest at the rate of 7. ~j ' ~er tent per an~um, in the following man~er: S 15~j-. ~-9 upon the first of each and every month hereaiter until the full principal sum, with interest, has bee~ paid; said mo~thly payments shall be appliCd first to the payment of interest o~ the unpaid balance, and then to the payment of principal. This note is negotiable and if default in pavment otcurs, may be placed ~n the hands of an attorney at law for collection, in ~n-hich event 1 or we agree to pay the costs of collection, including a reasonable attorney's fee, and each of us, whether make~, guarantor or endorser, ~ hereby sevcrally waives demand, notice of non-oavment and protest of thls note. /s/ JOSe~2h. P.-_.AlBmpi. tsea~~ ~S~ P~1y1.1~.5 E~ Alalri~l cSea~) In the event any payment is not made prio~ to the 20th day of the month when due, then this note shall bear interest at the rate of ?@ad7~ from the date any such payment became due and througF?out the period of wch delinquency. 8' S State stamps paid and cancelled on original of this note in_the amount of S 3~.• rj0 . NOW, THEREFQRE, the MORTGAGOR for the purpose of securing the payment of the said sum of S 21- ~ OOO.. QQ _ a~ the Nerformance of the covenants and agreements hereinafter expressed, and ior divers good and valuable considerations, by these presents, does grant, bargain, sell, remise, release, convey and confirm u~to the h10RTGAGEE its successors and assigns, all that certain lot, piece or parcel of Iand, situate, lyin6 and being in the County of St . I,UC 1@ and State of Florida, described as follows: Lot 13, Block ~5 of RIVER PARK, .IJIVIT FIVE, according to the plat thereof recorded in Plat Book 11 at page 31 of the public records ~ of St . Luc ie County, Florida . - t This ~n+n....~ w• r+ww b e ~ ~M'M~~~l. R D. KEI.LEY ~~~~lLE ~l1L~ First FNenl Svin~s and L~ar~ ~'~~p 134. Ass'n of I~dia~ River Gunt~ Ol~ yp tiew p~ ~~N~ Z045-t4tl~ Aw. RO. Box 1209 ~ y~. ~ Vero ipcA, FlorWs 32960 ~ ~ ~ 3~.s' ~ ~ ~ rogether with all and singutar the te~ements, hereditaments and appu~tenances thereunto belonging or in anywise appertaining thereto, and aIl rents, issues, proCeeds and profits accruing and to accrue from said premises. all of which are incluc.'ed in the above and (oregoing d~- scription and habendum. TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its sutcessors and assigns forever. And the said MORTGACAR for their~eirs, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, its succes- sors and assigns, cr,~r they are _ iawr~uv seized of the said premises in fee simple; that the same are free, clear and d~s- cnarged from aIl liens and encumbrances in law or in equity, and that theY w;U and their .?,~~n shal! warrant and ; ~efend the title to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful claims and demands ot all perso~s; PROVIDED. ALWAYS that if the MORTGAGOR shall pay untb--the-~IORTGAGEE the promissory note hereinbefore dexribed, and si,all trufy. Fromptly and fully perform, discharge, exetute, comptete, comply with and abide by each and every the stipulations, ag~eements. ccnditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and vo~~1 IT IS U~JDERSTOOD that the word "hlortgago~" whether i~ ihP singular or plural anywhere in this Mortg~ge. shall be singufar if one ~nly and shatl be plural jointly ond several~y if more than one, and that the word "Their" as used anywh~re in this Mortgage sha11 be takcn mean "his.'~ "her," or "its." wherever the context so implies or admits. A~so, that wherever there is a refere~ce in the eovenants and a~;reemrnts herein contained to any of the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, wc- cess~r; ind assigns leither voluntary by act of the parties or involun:ary by operatien of ihe law? of the same and tnat the co~~enants herein c:nt~~n~d stiall bind and the ben^fits ~nd advantages inure t~ the respectrve he~rs, legal represeniatnes, successors a~d assigns of thc ,;.-:rt~es hereto. : And said hlortgagors, for themselves and their heirs, legal representatives, sutcessors and assigns, hereby jointly and severally cove~ant ; .~d agree to and with the sa~d MORTGAGEE, its successors and assigns: 1. To pay all and singular the principal and interest and the various and sundry wrm of money payable by vi:tu~ of s~id promiss~ry ~~~te, and this mortgage, each and every promptly on the days respett~~•ely ihe same severally become due. ~ 2. To pay all and singular the taxes, assessments, levies, lia5ilities, obtigations and incumbrantes of every nature and kind now o~ .:,+d described prcperty, or that hercafter may be imposed, suffered, ptaced, levied, or assessed thereon or that hereattcr may be le1~ed or .::;escd up;n this Mortgage, or the indebt~dness secured hereby, each and every, when due an~ payable acc~rding to I~w, before they be- c me dcl~nqu^nt, and bef~re any ~nterest a:taches or any penalfy ~s inwrred; and insofar as any ihereof is of record tF~e sarne shall be p:omptly ~ -.3t~sfied and d~->charged of record and the original official dxument (>uch as, for instance, the tax receipt cr the satizfaction paper officially endo.sed or cert~f;edl shall be p~ace~ in the h3nds of said MORTGAGEE within ters days next after payment; and in the event that any thereof ~ ~ ~s not paid, sat~sfied and distharged, sai~ MORTGAGEE may at any time pay the same or any part thereof wittr~ut waiving or affetting any : ption, lien, equity, or right under or by virfue of this Mortgage, and the full amount of each and every suth payment shall be immed~ateiy ; ~~e and payable and shali 5car interest from the date thereof until paid at the rate of r centum per ~nnum and together ( wrth such interest shall be secured by the lien of this mortgage. S@VeYl and one-half ~ 3. To place and ccntinu~usly keep on the buildings now or hereafter situated en said land and on all equ;pment and pe.sonaity co~- ~ e~ed by this mortgaqe, ~virh .ai! premiums thereon paid in full, fire iniuranee in ihe usual standard policy form, in a sum app.oved by th~ '~?ORTGAGEE, and tornado insurance in the usual standard polity form.i~ a sum approved by the MORTGAGEE, in such company or companies ~s the MORTGAGEE may direct; and all fire and tornado inwrance poticies on a~y of said buiidir.gs, any interest therein or part thereaf, in the aggregate sum aforesaid or in ezcess thereof, shall contain the uwal standard mortgagee ciause er such other clause as the Pvlortgagee may reqwre, making the loss under said policies, each and every, payable to said MORTGAGEE as its inserest may appear, and each and' every such policy shatl be promptly assigned and delivered to and held by said MORTGAGEE as fu~ther secu~ity to said mortgage debt, and, not 'css than ten (10) days in advance of the expiratio~ of eath polity, to deliver to said MORTGAG:E a renewal thereof, together with a receipt ~ f~r the premium of such renewal; and there shall be no fire or tornado insurarxe placed on any of said build~ngs. any inte~est therein or a part thereof, unless in the form and with the loss payable as afo~esaid; and in the event any sum of money becor»es payable under suth i l Aceoo a.a:.r¦. • ~ BCGK203 PAGE~~1 ~ ~r~ ; ~