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Home My WebLink About2530 ti~fllri , THIS INDENTURE, Made the 16th DdY of October _ , A. O. 19 72 , between HENRY WILLHOITE and LILLIE E. WILLHOITE, his wife p{ St. Lucie County, Florida, hereinafter designated as the "MOkTGAC,OR," and FIRST fEDERAL SAVINGS AND LQAN ASSOCIAT1p1~ OF INDIAN RIVER COUNTY, a corporation o~ganized and existing under the laws of the United States of America and hav~ng ~ts pnnt~pa) plaCC of f:usines5 ~n tho City of Vero BeaCh, Mdwn River Cou~ty, Florida, he~einaltcr designated as fhe "MORTGAGEE." ~VHEREAS ~hc MORTGAGOR ~s justly i d~j J~ tQ~.( he MORTGAGEE in the sum of Thirteen Thousand 8Ild p0~ IC~O t5 l~av~v•Uv ) Uoilars, good and lawful m~ney oi the United States advanted by thc MORTGAGEE unto the MORTGAGJR, as evidenced by a certain promissory note of even date herewith, of which the followine in words and f~gurci is .l true Copy, 10-wif: g 13,000.00 No ve.o Beach, Fio~~da, October 16, ~Q 72 For vatue received I or we jointty or severally prom~se to pay to ~IRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF !NDlAN RIVER COUNTY, the sum of S 13,~~~•00 , at its office in Vero Beach, Florida, with interest at the rate of 7.5 per cent per. annum, +n the following manner: S 104•85 upon the first of each at~d every month hereafter until the fuN principal sum, with interest, has been paid; said monthly payments shall be appl~ed f~rst to the payment of interest on the unpaid balance, and then to the payment of principal. This note is r+egotia5le and if default in pavment occurs, may be placed in the hands of an attorney at law for cotlection, in which event 1 or we agree to pay the cests of coltection, including a reasonable atto~ney's fee, and each of us, whether maker, guarantor or endorser, hcre~y severally ~vaives demind, n~!ice of n:,n-oavment and protest of th~s note. /s/ Henry--~lillhoite _ (SeaU /s/ Lillie E.__Willhoite ~~ap In the eve~t any paymen! is nat made prior to the 2~Jth day of the month when due, then this note shall bear interest at fhe rate of from the d:te any such payment became du~ and throughout the period of such delinpuency. 8. , State stamps paid and canceUed on ori3inal of this note in the amou~t of s 19. S~ . NOW, THEREFORE, the MORTG r the purpose of securing the payment of the said sum of S_13~QQQ.~Q-._. and the uerformance of the co~enants and agreem einafte? expressed, and tor divers good and valuable considerations, by these presenfs, does grant, bargain, sell, remise, release, convey firm unto the ti10RTGAGEE i!s successors and assigns, all that Certain lot, piece or parcel of land, situate, lying and being in the County of St. LuCl@ and State of Florida, destribed as lollows: Lots 32 and 34, OCEA*I B~ULEVARD PARf~, "2 ~ IN PAYMENT OF TA.YET as er lat thereof on file in Plat = CUISS ~C' INTAHGIBLE PERSO;VAL PROPER~t, ~ p F :.aNi 70 CFMP7ER 71-134, ACTS OF lyll. $ook 7~ page 18, public records of tiOGER POITRAS St. Lucie County, Florida. ~~.~K CIACWi COYRT~ $T. WG1E Cp~ FU1, ~e-~t.l-c~'G This Ir~t'umtnt WM Pr~red QY J. D• ~R' ~ STA E~F I~ LO R I D A~ First FederalBSaKEe , and L:an ° QOCUMENTARY STAMP Tt.~ s DEPi_ Ui kEYENUf Ass n of Indi:n P.~v=r Gcuntp ~v - - ! ' , 2p45-l~th A~e. P.O. E~x 1=~39 ~ o _ P~ ~.,,J • i T2 ' ' 9. ~ O' Vero Beach. Ftorid~ ~"'950 ~ =ii~e2 r.~ t;;gether with all and singular the tenements, hereditame~ts and appuitenances thereunto belonging or in anywise appertaining thereto, and all rents, issues, proteeds and profits accruing and to accrue from said premises, all of which are inttuded in the above and foregoing de- script~on and habendum. TO HAVE AND TO HOLD the above described and granted premises unto the said MORTCAGEE, its successors and assigns forever. And the said MORTGAGOR for theirhe;,s, executors, adminisi~ators and assigns, hereby cove~ants with tF.e said MORTGAGEE, its suctes- sors and assigns, that they are iawtu~iy seized of the said premisas in fee simple; that the same are free, clear and dis- ; charged from all !iens and encumbrances in law or in equity, and that they_ W;i~ a~d their_._ t,e;.s shall warrant and :lefend the title to the same to the said MORTGAGEE, its successors and assigns, forever against the Iawful claims and dertwnds of all persons; PROVIOED. ALWAYS that ~f tne MORTGAGOR shall pay unto the MORTGACEE the promiSSOry note hereinbefore described, and shall truly, promptly and fully perform, d~xharge, execute, complete, camply w~th and abide by each and every the st~pulations, 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 IS Ut~DERSTOOD that the word "Mortgagcr" whether in ihp singular or plura! anywhere in this Mortgage, sFwll be singular if one cn}y and shatl be p!ura! jointly~ .,nd severally if more than one, and that tne ~vord "Their" as .,scd anywhe~e in th~s Mortgage shall be takcn ~o me~n "his," "her," or "its." wherever the c~ntext so implies or admits. Atso, that wherever there is a refereace in the eovenants end ` agreements herein c~ntained to any of thn pa:ties hereto, the same shall be construed to mean az well as the heirs, legal representatives, wc- i cess~r : nd assigns lelther voluntary by act ot the parties or invo?un:ary by operat~on of the law) of the same and that ihe covenants herein c:ntam: d stia!I bind , nd t~e :.ene~~rs .,nJ ad~anfages inure to the respecNve heirs, legal ~epresentanves, successc.s and assisns of the r3riiC5 tiCtMO. ! And Shcd I`'IOl16'df?0~5, fJf themzeh•es and their he~rs, legai re~resentat~ves, successors and assigns, hereby jointly and severally covenant and ~gree to anei with the said MORTC,AGEE, its sueeessors and assigns: 1. To pay all and singular the princ~pal and interest and the various and sundry sums of money payable by vi:tu~ of said promiss~ry note, and this mortgage, each and every prompNy on the days respectrvety the same severafly become due. ~ 2. To pay atl and singutar the taxes, assessments, levies, lia5ilities, obligations and inCUmbrances of every nature and kind now on ~id described prcperty, or that ne~eafter may be ~mpose~, suffered, placed, levied, or assessed thereon or that hereatter may be levied or a.ses,ed up;n th~s tilortgage, or the indebtedness secured hereby, each and every, when due and payable acc3rdi~g to law, before the~~ be- c;me delin~u^nt, ~nd 5ef,;re any interest attaches or any penalty is incurred; and insofar as any thereof is of record the same shall be promptly satisfied and d~scharged cf r~~~urd and t~:e origmal otfiual d•xument fsuch as, for instante, the tax reCeipt or the satisfaCtio~ paper offitially endorsed or cert~fied! sh~N be ptaced in rhe hands of said MORTGAGEE within ten days next after payment; and in the event that any thereof r, not paid, satisfied and dischargrd, sa~~ MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting ar - cpt~on, lien, equity, or ri~ht under or by vi~tue of this Mortgage, and the full amount of each and every such payment shaN be immediate+y d,,e and payable and shall be3r intcrest from the d,te thercof until paid at the rate o per tentum per annum and together ~tiith such interest shall be secured b~~ the lien of this mortgage. SE'VeII and one half 3. To place and C'.nsinu'~uSty kecp an the buildings now or hereaffer situated on said land and on aN equipment and personalty tov- i ered by this m~rtgaQe, wi!h .ai! premiums thereon paid in full, fire insurance in the usual standard pohey form, in a sum approved by the E ti~ORTGAG:E, and ro:nad~ insurance in the usual standard polity form,in a sum approved by the MOR~GAGEE, in suth Company or tompanies :s the MORTGAGEE may direct; and aH fire and tornado insurance policies on any of said buiidmgs, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard m~rtgagee ciause cr such other clause as the Mortgagee may ' require, making the loss under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every ~ such policy shall be promptly ass;gned and delivered to and held by said MORTGAGEE as fu•t~,er security to said mortgage debt, and, not !~ss than ten (10) days in ad~ance of the expiration of each policy, to deliver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewat; and there shafl be no fire or tOfR3tI0 insu.ance placed on any of said build~ngs. any interest therein or part thereof, ursless in the form and with the loss payable as aforesaid; and in the event any sum of money betomes payable under such r- W~ ~~.:Bo ' $our 20~ .~~t ~ ~=T :,rv~ . ~ ' ,y,_ Y S:Y'Ji~~ -'~n'~, L' . . 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