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Home My WebLink About1977 2~sss ~ Tii15 INDENTURE, Made ihe 2.18t. Day of . September , q. p. ~q ~2 , between ANDRE4I NLITLES and CLEO NETTI.ES, his wife, ot ~t. Lucie C~ny, Florida, hereinafter designated as the "MORTGAGpR," and FIRST' FEDERAI SAVINGS AP~D IOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation o~ganized and existing undcr the la.,~s of the United States of Amerita and twv~ng its princ~pal pface of business in thc City of Ve?o Beath, Indian River County, Florida, hereinaftcr designated as thc "MORTGAGEE." WHE~~~~the MORTGAGOR is justl~inde~tec~~ the MORTGAGEE in thc sum ofFive Thousand, Seven Hundred and no -~S , iuu. ) Ooilars, good and lawful m~ney oi the United Statcs advanted by th~ MORTGAGEE unto the MORTGAGaR, as evidented by a tertain promissory notc ot even date Fx:rcwith, of whith the folla.ving in wor~ts and f~gures is a true copy, to-wit: S 5,700.00 No. _ ve~o B~~ch, F~orida, September 21, 19 72 For value received t or we jointly or severatly pramise to pay to F1RST FEDERAR SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S S~~Q~.Q~. , at its of(ice in Vero Beach, Florida, with interest at the ratc of ' per cent per annum, in !he following manner: S-67 • 72 upon the first of each and every mor+th hereafrer until the fu!! principal sum, with interest, has been paid; said monthly payments shall be applied first to the payme~t of interest on the unpaid balance, and then to the payment of principal. This ~ote is negotiable and if default in payment otcurs, may be placed in the hands of an attorney at law for coftecti;x~, in which e~•ent 1 or we agree to pay the costs of co!lection, including a aeasonable attorney's fee, and each of us, whether maker, guarantor or endorser, hereby seve~ally waives demand, notice of non-oavment and protest of th~s note. ~ /s/ Andrew Nettles _ ~~ai~ /s/ Cleo__Nettles _ ~~ai~ In the eve?it any payment is not made prior to the 20th day of the month when due, then this note shall bear interest at the rate of E?146 from the date any such payment became due and throughout the period of such delinquency. $.S $ SS_ State stamps paid and cancelled on original of this note in the amount of a.•_ . NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said sum of s-5 s.70Q• Q~ and the ,~erformance of the covenants and agreements hereinafter expressed, and for divers goc.d and valuabte consideratio~s, by these presents, does grant, bargain, sell, remise, release, convey and confi.?n unto the MORTGAGEE its successors and assigns, all that certain lot, piece or parcel of land, situate, lying and being in the County of _ St. LuCle _ a»d State of Florida, destribed as follows: ~ TA`f' flR LORIDA ~ o= N D UMEN ARY STAMP tAx ~ ~fPT.OF REYFNlIE ~ • ~ _ = ~.:~•n = 0 8~ 5 51 ~ - _ ~ n~ox _ ~ , Lot 7, Block 13, Sunny Acres Subdivision, as per plat thereof on file in Plat Book 8, page 25, public records of St. Lucie County, Flor-ida. ? , \ Th~s Ina~~um.nt ~va, ~~:,.a~eu t: ~ S. H. GREER - ~ ' ll' ~ ~N ~MEI1( ~ TA~ Fi?st Federal Savin~s and Loan I~~~ /1ss'n of I~dian River County ~~~R~~` 2045-14th Ave. P_O. Box 1209 PURSIMMT TO 1~111PTER 71•13t, ACiS QF Vero Beach, Fbrida 32960 R06ER PO(jql?S CLFJII( I~ECWT Qpl~~a ST. WCIE COz P!A together with al! and singular the tenements, hereditaments and appuitenances thereunto belonging or in anywise appertaining thereto, and all rents, issues, proceeds and profits accruing and to actrue from said premises, all of which are incluc.'ed ~n the above and foregoing d~- scription and habendum. 70 HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its suctessors and auigns forever. And the said MORTGACAR for their he~~s, exetutors, administrators and assigns, hercby covenants with the said MORTGAGEE, its suttes- sors and assigns, rha~ they are ~aWf~liy seized of the said premises in fee simpie; that the same are free, ctear and d~s- c~,a.ged from all tiens and encumb~ances in taw or in equity, and that they r,,;~~ a~ their ~;~s shall warrant and ~efend the title to the same to thc said MORTGAGEE, its sutcessors and assigns, forever against the lawful claims and demands ot all persons; PROVIDED, ALWAYS that if ti~e MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore destribed, and s~alt truly, promptly and fully perform, discharge, execute, complete, tomply w;th and abide by each and eve?y the stipulations, agreements. conditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and 5e null and vnirl IT t5 U~IDEi2STOOD tha~ the word "Mortgag~r" whether in the singular or plural anywhere in this Mortgage. shall be singular if one ~ cnly and shall be plural jointly and severalfy if more than one, and that the word "Their" as used anywhere in ttus Mortgage shall be takcn to me~n "his," "her," or "its." wherever tF:e wntezt so implies or admits. Also, that wherever there is a refere.~ce in the eovenants ~nd agreements herein crntained fo any of the parties herero, the same shall be construed to mean as weU as the heirs, legal representahves, suc- ces>ars and assigns (either voluntary by act of the parties or involuntary by operation of the law) of the same and tiwt the covenanfs herein c nta~ned sh~t1 b;nd and the ben~f;tc ~.,d adrantages inu?e to the respective heirs, legal representatrves, successors and ass~gns of the ;,,rt~es hereto. And said t~1ortgagors, for themselves and their heus, legal representatives, successors and assigns, F~reby jointly an3 severaNy covena~r i .;nd agrce to and with the said MORTGAGEE, its sexeessors and assigns: ~ 1. To pay all and singular the principal and interest and the various and sundry wms of money payable by vi:tu~ of s~id promi;s~ry ~ete, and this mortgage, each and every prompt(y on the days respetNvety the same severally become due. 2. To pay all and singulrr the taxes, assessments, levies, lia5ilities, obligations and incumbrantes of every nature and kind now on ka~d described prcperty, or that herea{ter may be imposed, suffered, p!aced, levied, or assessed thereon or that herea4tcr may be lev~ed or a,ses ed up:.n this Mortgage, or the indebted~ess secured hereby, each and every, when ~ue an~ payable atcording t~~ I~w, before they be- c;me delinquent, and bef~re any ~~terest attaches or any penalty is incurred; and insofar as any the.eof is of record the same shall be promptly -ansfied and d~scharged ef reco:d and the original official dxument l;uch as, for instance, the tax receipt or tne satisfaction paper officially endorsed or certified) shall be placed in rhe hands ~f said M4RTGA ;EE within ten days next after payment; and in the event that any thereof not paid, satisfied and discharged, said MORTGAGEE may at any time pay the same or any part thereof witFr~ut waiving or affecti~g any cpt~on, lien, equity, or nght under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immed~ateiy clue and payabte and shall bear interest from the date thereof until paid at the rate of ~GKIk'lE~C~WC2{aXlEiii per centum per annum and togeth2r ~ ~vith such interest shall be setured by the lien of this mortgage. SeVeil flIId O11EE-half ~ 3. To ptace and ce~t~nu~usty keep on the buildings now or hereafter situated on said land and on all equipment and personatty tov- ered by this mort~aqe, ~vith ait premiums thereon paid in full, fire insurante in the usual standard poliCy form, m a sum approvcd by thc !~10RTGAGEE, and tornado insurance in tne usual standard poliq form,in a sum approved by the bAORTGAGEE, in such company or companies : s the MORTGAGEF inay direct; and al! fire and tornado inwrance polities on any of said buiid~ngs, any interest therein or part thereof, in the aggre3ate sum aforesaid or in excess the.eof, shall contain the uwal standard mo?tgagee c~ause er such other ciause as the Mortgagee may require, making the loss under said policies, each and every, payable to said MORTGAGEE as ers inte~est may appear, and each and every such policy shall be promptly aszigned and delivered to ar?d held by said MORTGAGEE as fu•ther secu.ity to said mortgage debt, and, not iess than ten (10) davs in advance of the expiratio~ of each poliq, to deliver to said MORTGAGEE a renewal thereof, together with a receipt = for the premium of such aenewal; and there shall be no fi~e or torn3do insurance placed on any of said buiid~ngs, any interest therei~ or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any surtt of money betomes payable under such • ~ ~RC SOO~a-r1~veF ~ 6GtRlK~OU rAt;t ~t~ . ; _ v ; , ~z n,_~. . _ . _ , . L . . . ~ . ` ' 3~.,