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Home My WebLink About0934 , ~3"l94'7 'fH~S It~DENTURE, Made the . 2r?th p~y of _ Au~ust , A. D. 197~ , bet~.een JOHN FRANKLIN JACKSON and CLARA A. JACKSON, his wife ~f St. Lueie County, Fiorida, hereinafter designated as the "MORTGAGOR," and FIRST FE~ERAL SAVINGS AND LOAN /LS`,OCIAT+Ot1 OF lhD1AN R1VER COU^lTY, a corp~raticn o~gan~zed and exlst~~g under th~ taws of the Umtcd States of /1me~ic~ and ho~~n:; ~ts prinC~pal pl~~e Of busin~ss in ttie C~ty of Vero Bexh, I~d~an R~v~r County, Florida, hereinefter designaied as the "ti10RTGA~cE." Hunc~~` ~7I~ ~~~~W R~s justlygd 3ed ~cbyl~e MQRTGAGEE ~n ?hc sum of Eighteen Thousand, Five ~S 1 ~~VU v } Doitars, goocl and ia~vful m~ney oi the Unitcd States adv:~nccd by th~ h90RTGAGEE unto the MORTGAGJR, as evidenced by a cerfain prom~ssory note ot rve~ date h~rewith, of wh,~h the folln.v~ng in worrs and f~gures ~s a true copy, to-wit: j 1.8~500.00 ~V J. . Vero Beach, Florida, AUgUS't 2'rj ~ 1972 For val;,e rece~ved I or we jointly or sever~lly promise to pay to FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OF INDIA~1 RIVER COUNTY, the sum of S i8~5~~•00 , at its off~ce in Vero Beach, Florida, with interest at the rate of 7' ~5 ~er cent per annum, in the following manner; s 133 • 7~ upon the first of each and every month hereafter until the full pr;ncipal sum, with interest, has been pa~d; said monthly p~ymenis shatl be apDt~eci first to the payment of interest on the unpaid balartce, and then to the payment of principal. This note is negotiable and if default in pavment occurs, may be placed in the hands of an attorney at law for collecti~n, in which e.ent I or we agree to pay the costs of collection, including a reasonable attorney's fee, and each of us, whether maker, guarantor or endorser, ~ereby severally waives dem.~nd, notice of non-~avment and protest oi tn~s note. /s/ John Franklin Jackson «d~~ ~ /s/ Clara_ A._ JaCksoTl ~~af~ In the e.•ent any payment is not made prior to the 20th day of the month when due~ then th~s note shall bear interest at the rate of ?6}3 ao from the d.,te any s~ch payment betame due and throughout the per;od of such delinquency. 2'State stamps paid and cantetled on original of this note iR the amount of S 2 L.75 . NOW, THEREFORE, the MORTGAGOR for the purpose of secoring the payment of the said sum of $ 18 ~ 5~~ • OO _ a»d the ,,erformante of the covenants and a;reements hereinafter expreszed, and for divcrs good and valuable tonsiderations, by these presenis, docs g~ant, bargain, sell, remise, release, convey and Confirm unto the MORTGAGEE its sutcessors and aisigns, all that tertain lot, piece or partet of land, situate, lying and being in the County of St . Luc ie and State of Florida, described as follows: Begin at the NE corner of the N. 375 feet of the S. 1/2 of NE 1/~- of SE 1/~ of Section 5, ~ownship 36s, Range 40E, run W. 25 feet to a point; thence turn and run S. 204 feet to a point; thence turn and run W. 368.04 feet to the point of beginning; from said po~nt of beginning turn and run N. 20~ feet to a point; thence W. 100 feet; thence turn and run S. 162.5 feet; thence turn and run Southeasterly 108.04 feet to the point of beginning. Said land also being described as Lot 23, Unrecorded Plat of Daniel's Sub~3ivision, St. Lucie County, Florida. n~ itit.,,,,~rn w.. r.~xre e~ J. D. BAKER, JR, FIRt Federal Saviw~s and Loan /~ss'n of Indian River County 2015-14th Ave. P.O. BoY 1209 Vero Btxh Flq?ida 32960 r~3ether ~vith all and singutar the tenements, hereditame~ts and appu~tenantes thereunto belonging or in anyw~se apper4aimng thereto, and a~l renrs, issues, prexeeds and profits accrui~g and to accrue from said premises, all ef which are includeci in the above and foregoing de- script~on and tiabendum_ TO HAVE AfVD TO HOLD the above described and gsanted p~emisrs unto the said MORTGAGEE, itz successors and assigns forever. A~d the said MORTGA;AR tor ~Z'lE,'I T'heirs, executors, adminisirators and ass~gns, hereby covenants with the said MORTGAGEE, irs wcces- ,~rs and assigns, that they are i,Wr~uy seized of the sa~d premis^s in fee simpte; that the same are free, clear and d~s :~arged from all liens and encumbrances in law or in equity, and that they will and their _ r,~;.s shall warrant and .:~•fend the title to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful claims and demands ot all persons; PROVJDED. ALWAYS rhat ,t the MORTGAGOR shall pay unto the MORTGAGEE the prom~ssory note hereinbefore dexribed, and s~_stl truly, promptly and fully perform, d~scharge, execute, complete, comply w~th and abide by each and every the shpulations, agreernents. :cnditicns and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hcreny created shall tease a~d be n~ll and vr.irl iT IS U~~DEFSTOOD that the ~vord "hlortgag~r" whether in ihe singular or plural any~vhcre in this Mortgage. shall be singufar if one anJ s~ aii be p(urat ~ointly ,~nd severally ~4 more than ane, and that !ne ~v:~rd "Their" as uscd inywh~ve in this M~rtgage shall be taken ' ' ~ m_ in ' his," "her," or ";ts," wher~.er tiie c~ntext so impGes or admils. A:so, that wherever there is a retere~ce in the tovenants and - ~:.reemcn:s herein tontained so any of the parties hereto, tf,e same shall be ecn;~rued to mean as we~i as the heirs, iegal representatives, suc- _,»r, :nd asigns (either vel,;ntary bv act uf the parties or involuntary by operaficn of the iawl ot the same and tnat the Covenants herein c ~,r,~,ned s'~i'I ~md a~zd tne ;,en^4~tc ~:~~:.i ad~:antages inure to the respectwe heirs, legal represenianves, successors and assigns cf thc ,.;rnes ~e~eto. - And said 1~1ortgagors, for them~elves and the~r heirs. ~egal rearesentahves, successors and ass~gns, hereby jo~Ml•~ an:f seve~ally c~venant ~d agrec to an.:~ ,nith thc saiA R~ORTGAGEE, ~ts successors and ass~gns: i. To pay all and singutar the principal and interest and the various and sundry sums of money payable by virtu= of s.id prom;;;.ry ' •-tr, ~~n;~, th~, Mortgage, each and every pr~mptly on ihe days respech~ely the same severatly become due. 2. To pay all and sin3ul~r the taxes, assessments, levies, lia~ilities, obligations and incumbrances of every nature and kind now on u~~d dcscnbed prcpe~tti-, o~ sh;~~ he~cafier may bc ~mpesed, suffered, placed, lewcd, or ~,sess~d ihere::n cr that h~;eattcr may be le:~ed or ,,e-::•j up-.n this Mortsage, or the indebrodness secured hereby, each and every, when due an~ payable acc~~ding t~ !~w, before they be- ; me d~:linqurnt, a^d bet, re .:nv ~atere~t attaches or any penattY ~s incurr~d; and insofar as any the~e.~f i5 of rec:.rd the ;3me sha!) be promA<<Y ~h>f~~d :,n;i ds[ha~~re~ ef r~~c-rd and t~e crig~nal cffitial dxument (>uch as, for ~r„tance, tne tax rete;pt or tne sati>fact~~n paper offi~~all~~ ~'~:..~~r•,ed or cert~fied' ~~~?I! !;e pfaced in the 1~an~i ~f sa~d t.~10RTGAGEC wiihin ten days next after payment; ar.d in the event that any th~r~( , n it paid, SahSfied and discharg~d. sai3 MORTvAGEE may at any hme pay the same cr any part ihereof w~ihout waivin~ or af}etting any ~han, lien, equ~ty, or r;, hr under ~r by virtue ~f th~s Mortgage, and the futl amcunt of each and every such payment shall be lmmed~ateiy ;.,e and payab!e and shail bear intcrest (rom thc d.ate thereof until pa~d at fhe rate o~$$~~Q~~~{j~(g~ per eentum per annum and togerher lv~+h such interest shall be secured bv the lien of this fT10~igdgC. Seven ~1C~ Qne-c~uarter 3. To place and c nt~nu~;usly keep on the build~ngs now or hereafter situated cn said land ana on a t equ:p ent and pers,na~ty cov- ••~~d by iF~; m~rtga~e, ~•:~th premiums the~eon paid in futl, fire insurance in the usual stan~l.irc; p~1,~y form, in a sum appn;.cd by !!.c `.'.vRTGAG.E, and tornad~ insurance in the usual standard poliey form,in a sum approved by the MORTGAGEE, in such company ~r companies , the h10RTGAGEE may d~rect; and all fire and tomad~ insuranCe poliCics on any of sa~d buiid~rys, any interest there~n or part thereof, in the assre5ate sum aforesa~d or in excess thereof, shal! contain the usual standard m~rtgagee c~ause cr such other clause as the Mortgagee may quire, ma~ing the Icss under sa~d policies, each and every, payable to said MORTGAGEE as ~ts in:crest may app~ar, and each and every :_,ch p~hCy shall be promptlv assigned and detivered ro and hetd by said MQRTGAGEE as /u-r^er securiry to sa~d mortgage debt, and, not •.>s than ten {10) days in vdvance of the expiration of each polity, to deliver to said MORTGAG~E a renewal thereof, tosether with a receipt t_:r the premium of such renewal; and there shall be no fire or tornado insurance placed on any of sai~ builci~n.;s. any u,te~cst therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum of money becomes payable under such ~ N_ SJV • ~6: • t, ~ E~JK U F';l:r ~ . ~ r' ~ " ~ x_ . . --3..