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Home My WebLink About0380 233~8g THIS INDENTURE, Made the ~t~. Day of JuIY , A. 1972 , behvee~ _ _ GEpRGE ESP9~IT0 and MARCY~_.ESPOSITO,__ his .wife, . _ _ _ _ of Saint L.ucie e«~~N, Florida, hereinafter desig~arcd as the "MORTGAGOR," and FIRST FEDERAL SAVIt~GS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the la.vs of the United States of Ame.ica and having its printipal place of busir.ess in the City of Vero Beath, India~ River County, Florida, hereinafte? desig~ated as the "MORTGAGEE." WHEREAS the MORTGAGOR is jusl~y in~g~t~d~p,~the MORTGAGEE in ing sum ofTwelve Thousand and no/100- - - - - - - - - - - - - - - - - - - - - - - - - (SJ, `Z ~ (K)O. W ) Dollars, good and lawful m~ney of the United Statcs advanted by thc Iv10RTGAGEE unto the MORTGAGOR, as evidenced by a certain promissory ~ote of even date herewith, of which the follo.ving in words ~ and figures ~S a true Copy, to-'.vit: ~ ~2~ ~W. VV t~o. . . ; Vero Beach, Florida. ~ul}~ 7s . . 1972 For value received 1 or we jointly or seve~ally promise to pay to FIRST FEOERAL SAVINGS /1ND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S12~ 4~• QQ- - at its office in Vero Beach, Fbrida, with interest at the rate of 7, 2rJ _ per cent per annum, in fhe following man~er: i4 54~.._OrJ. . upon the first of eath and every mo~th hereafter until the full principal sum, with interest, has been paid; said ~ monthfy payments shall be applied fi?st to the payment of inte~est on the unpaid balance, and then to the payment ot printipal. This note is negotiable and if default in payment otturs, may be placed in the hands of an attorney at law for collettio~, in which ! event I or we agree to pay the tosls of collectio~, including a reasonable attorney's fee, and each of us, whether maker, guarantor or endorser, ~ hcreby severally waives demand, ~otice of non-oavment and protest of th~s note. ~ ~S~ - ~'i~0~$re ~S~OSlt4_ _ . (SeaU ~ /s/_ Mar~y~ E~positQ_ _ . - - -cs~a~~ . S3 In the event any payment is not made prior to the 20th day of the month when due, the~ this note shall bear inte~est at the rate of ti~ from the date any such payment became due and ihroughout the period of such delinquency. ~ State stamps paid and cancelled on original of this ~ote in the amount of S~8. • ~ NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said sum of S 12i Q~.-~ and the ~ aerformance of the cevenants and agreements hereinafter expressed, and for divers good and valuable considerations, by these presents, does g~ant, bargain, sell, remise, ~elease, convey and confirm ~nto the MORTGAGEE its successors and aisigns, all that certain lot, piece or parcel of land, situate, lying and being in the Counry of . _St. I..UCl~ _ and State of Florida, destribed as follows: ` ~ 1 ~ Lot 2, Block 2, according to Plat of SABAL PALM ~ SUBDIVISION, which said plat was filed August 31, ~ 1954, and recorded iri Plat Book 10, page 16, public ; fecords of St. Lucie County, Florida. ~ ~ 0 THIS INSTRUMENT ~ty/~ p~ ~ t~~_ IN PAYMENi OF 7A~3 JEROti1E D. QUINN ~D BY P~. Sti~lTH. N.EATH, S':11TH AND Q'H/~IR~ Di1E ON CIASS 'C INTN1G181E / s ox s ~ 8 PI~~~T 10 ~ Ti'1~. ACTS aF 191~, _ d,~'' VER^ ~:t.~ ? c_-.Z~DA 32960 ~a,.~.~„_ N06ER P01TRA.~ /t, . . CIERK tIRCUIT QW1KT, Si. UlC~E 00~ ~ ; t ~ ; rogether with at) and singular the tenements, hereditamenfs and appu~tenances thereunto belonging or in anywnse appertaining thereto, and ~ all rents, issues, proteeds and profits accruing and to accrue frorn said premises, all of which are included in the above and foregoing de- ~ scriptfon and habendum. { TO HAVE AND TO HOLU the above described and granted premises unto the said MORTGAGEE, its successors and assigns forever. f And the said MORTGAGOR for ~lelr heirs, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, its succes- ~ sors and assigns, that _ ~leS/ 1I~e . _ Jawfully seized of the said premis~s in fee simple; that the same are free, ctear ar?d dis- charged from all liens and encumbrances in law or in equity, and that ~ey _ will and ~lelr heirs shall warrant and [ ~efend the title to the sarie to the said MORTGAGEE, its successors and assigna, forever against the lawful claims and demands of all persons; t PROVIDED. ALWAYS that if the MORTGACAR shall pay u~to the MORTGAGEE the promissory note hereinbefore destribed, and ~ shall truly, promptly and fully perForm, dixharge, exetute, complete, comply with and abide by each and every the stipulatio~s, agreements. ~ conditions and covenants of said promissory ~ote anA of this Mortgage, then this Mortgage and the Estate hereby created shall cease arsd be nul) and vnirl IT IS U~iDERSTOOD that the word "Mortgagcr" whether in ttw singular or plural anywhere in this Mortgage. Shal! be singufar if one ~ cnly and shall be plural jointly and severally if more than one, and that ine ~vord "Their" as uscd anywhere in Ihis 1Vlortgage shalt be takcn ta mean "his." "her." or "its." wherever the tontex~ so implies or admits. Atso, that wherever there is a referente in the tovenants and ~ a:.reements herein contained to any o~ the parties hereto, the same shatl be tonstrued to mean as we~l as the heirs, legal representatives, wc- ress~rs ,z~d assigns'.either voluntary by act of the parties or involun,ary by operat~on of the law) of the same and tnat the covenants herein ~ c ntaim..d shatl bind and the ben.fire snd advantages inure to the respective he~rs, legal representatrves, suctessors a~d assigns of the ~•~rt~es hereto. And said hlortgagors, for themzelves and their heirs, legal representatives, successors and assig~s, hereby jointly and sever~{!y c~ve~ant a~d agree to and with the said MORTGAGEE, its successori and assigns: ~ 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtu~ of s~id prom~ss~ry ~ ~~te, and this mortgage, each and every promptly on the days respettivelv the same severally become due. ~ 2_ To pay ali and singular the taxes, assessments, levies, liabilities, obligations and irxumbrances of every nature and kind now on ~ ;,,id dexribed prcperty, or that hereafter may be imposed, suffered, placed, levied, or assessed thereon or that hereaftcr may be le.•~ed or ~ a:>e;~ed upcn this Mortgage, or the indebtedness secured he.eby, each and every, when due and payable acc~rding to law, before they be- ; c~me delmquent, and before any i~terest attaches or any per?alty is incurred; and insofar as any thereof is of reco.d the same shall be promptly i ~ .3tisfied and distharged ef record and the original official dxument (such as, for instance, the tax receipt ar the satisfaction paper ~ffitially ~ ~ endorsed or certified) shall be placed in the hands of said MORTGAGEE within ten days next after paymeni; and in the event that any thereof i ~ ~s n~t paid, satisfied and discha.ged. sai~ MORTGAGEE may at any time pay the same or any part thereof without waiving or affetting any ~ ~.-pt,on, lien, equity, or r;ght under or by virtue of this Mortgage, and the full amount of each and every such payment shatl be immediateiy ~ cue and payab'e and shall bcar interest from the date thereof unti! paid at the rate of~j(j(rj~]~~i( per centum per annum and together .vith such interest shall be secu?ed by the lien of this mortgage. SeVeD S[1C~ Oile-Q UB.Y'Cer ~ 3. To place and cont~nuously keep on the buildings now or hereafter situated on said land and on afl equipment and pe.sonaity cov- 4 cred by this mortgage, with ail premiums there.~n paid in full, fire insurar.ce in the usual standard pohcy form, in a sum apprcved by thc ~ P-"ORTGAGEE, and tornad~ insurance in the usuaf standard poliq form,in a sum approved by the MORTGAGEE, in such company or companies E . the MORTGAGEE may direct; and all fire and fornado i~suranCe policies on any of said buiidi^gs, any interest therein or part thereof, in tF.e ~ aggregate surr. aforesaid or in excess thereof, shall contain the usual standard mo:tgagee c~ause er such other dause as the Mortgagee may ~ require, making the loss under sa~d policies, each and every, payable to said MORTGAGEE as its in*erest may app~ar, and each and every such policy shall be promptly assig~ed and delivered to and held by said MORTGAGfE as fu~t~er security to said r»o?tgage debt, and, not !ess than ten i 10) days in advance of the expiration of eath policy, to deliver to said MORTGAG:E a renewal thereof, t~ether with a receipt 'or the prem~um of such renewal; and there shall be no fire or tornado insurance placed on any of said build~ngs. a~y interest therein or part thereof, unless in the form and with the loss payabte as aforesaid; and in the event any wm of money becomes payable under wth a~.~ . ~ ~ BOOK ~O~ PAL'~ 3~'jU , r_ . - _ _ - -