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Home My WebLink About1517 THIS It~DEtJTJRE, Ma.fe ~ne. 6th ~ay of Novembez_ _ , A. D. 1972 , between . THOMAS E. PAYNE and MARY V. PAYNE, hi.s wife ~ of Brevard County. Ftorida, hercinafter designared as the "MORTGAGOR," and FIRST FEOERAL SAVINGS AtVD IOAN ASSC~CtATiO": OF INDIAN RiVEF COU'~TY, a c~rp~ratian orgamze:~ and existing under t!x taws of the Unitcd Sfates of America and h~v~ng ~ts prinapal p!~ce of hu~ines ~n tha City of Vero Beach, Indwn River County, Flo?ida, hereinafter designattd as the "MORTCAGEE." WHEREAS ~hc titORTGAGOR ~s ~ustly indebted ~o ihe h10RTGAGEE thc sum of Seventeen Thousand and no/100 iS17~~~0.~~ ) Doitars, good and +awful m~ney ot the United States advanced by the MORTGAGEE unto the MORTGAG~R, as evidenced by a certain promissory note ot even date here~vith, of which the fo{lo.vine in wor~is and f~gurcz is a true topy, to-wit: S 17~ UUU.OU No. . Ve?o Beach, Florida, November 6 19 For value received I cr we jointly or se~erally prom~se to pay to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the surn of 5 1~~00~•~0 , at its off~ce in Vero Beach, Florida, with interest at the rate of 7t~ _ per cent per annum, in the following manner: 120 16 S • upon the first of each and every montF~ hereafter until the full prinCipal sum, with interest, has been paid; wid monthly p3yments shall bc appl~ed f~rst to the payment of interest on the unpaid balante, and then to the payment of printipal. This note is neg~tiable and if default in pavme~t otturs, may be placed in the hands of an attorney at law for collettion, i~ which event 1 or ~ve agree to pay the ccsts of coltection, including a reasonable attorney's tee, and each of us, whether maker, guarantor or endorser, hereby sevcralty w~a~vcs dem.~nd, na!ice of non-oavment and protest of th,s note. - ' /s/ Thamas E._Yayne csewl~ ~s~ ~rY--V~--pg-Xne . - _ _ _ tseau In the event a~y payment is not made prior to the 20th day of the month when due, then this note sha~l bear interest at the rate of i~71~b from the d.:te any such payment became due and throughout the period of such delinquenCy. 8~~ State stamps paid and canceUed on original of this note in the arm~unt of a 25.5~ . NOW, THEREFORE, the MORTGAGOR fur the pu•pose of securing the payment of the said wm of S-1]~ QOO.~QQ_._ and the Nerformance of the co~•enants and agreements hereinafter expressed, and for divers good and valuable tonsideratio~s, by these presents, does grant, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE its suctessors and assig~s, all that certain lot, piece o? partel 04 land, situate, lying and being in the County of St._ T.uC~e . and State of Florida, described as follows: Lot 33, Block 5, CORAL COVE BEACH, SECTION NO. 1, according to the Plat thereof recorded in Plat Book 11, Pages 3QA and 30B, Public records of St. Lucie County, Florida. ~ cR Ft~o MP ?lA i ~~Ep. pRr~iC`-~•~, ~.~--~..t----' : ~ ~Pt.~ R~,~K~ 3 - ~ 3 O t, . . _ ! ~N c7 . " } " • ~ ~ IN PAYMENT OF TAXES " ~ ~s. w ^ ~ tl~ot OIiE ON CUSS 'C INTANGIBLE PERSONIIL PROPERIY, 7h~s Inst~ument ~Vas Prep+red BY p(1RStIAtIT TO CHAPTER 71-13~, ACTS OF 1911. y~ p H. gLAIR ROGER POITRAS CIERK CIRq11T COURT, St. Ll1CIE 00. Flll F~rst Fcdcral Sav~ng~ an~ Loan /L~s'n of Ind:~n River C 1`a9 ^..p45 14th P..:: Q O e: x ~~~r~, ,i .~~y:~J together with al! and singuiar the tenements, hereditaments and appu~tenances thereunto belonging or in anywise appertaining thereto, and ` all rents, issues, proceeds and pro?~ts accruing and to accrue from said prem~ses, all of which are included in the above and foregoir.g de- F script~on and habendum. j TO HAVE AND TO HOLD the ab~ve destribed and granted premises unto the said M0~2TGAGEE, its SuCCessors and assigns forever. f ~ And ihe said MORTGAGOR for theil' heirs, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, its suctes- ~ ;~rs and assigns, it,~r . they are __iaWt~uY seized of the said premises in fee simple; that the same are free, tlear and dis• . ~ charged frem a~l Gens and encumhrances in law or in equity, and that they a~ thefr t,e;.s sha~~ ~,,,arrant and c}efend the title to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful claims a~d derrwnds of ail persons; PROVIDED. ALWAYS that ~f the MORTGACAR shall pay unto the MORTGAGEE the promissory note hereinbefore desuibed, and snall truly, prcmptly and fully perform, discharge, ezecute, complete, comply with and abide by each and every the stipulations, agreements. conditions and covenants of sa~d promissory note and of this Mortgage, then this Mortqage and the Estate here~y-created shall cease and be null and vnirl • IT 15 U~:DERSTOO~ that the word "hlortgagor" whether in the singular or plural anywhere in this Mortgage, shall be singular if one oniy and s^atl bc plural joi~tty .,nd scvcralfy if more than one, and that tne .vord "Their" as used anyw!~ere in th~s Mortgage shall be taken to_ me~n "his." "her," or "~t>." ~vherever the c~ntezt so implies or admits. Also, that wherever there is a refere~ce in the Covenants and ac,reemcnfs herein t~ntained to any o` the part~es hereto, the same sha~l be construed to mean as we~l as the heirs, legal representatives, wc- cer~r; ,,nd as~~gns (either vcluntary by act of the parties or imolun:ary by operation of the law) of the same and that the covenants herein rntam~d s~a!i b~nd a~,d the :,enc's~t~ ,.~,d ad~antages inure to the respective heirs, legal representanves, successcrs and assigns of the r~ri~CS hefefo. , And sa~d A+.~rtgar.or;, for themselves and their he~rs, legal representatives, successors and assigns, hereby ~ointly and severally covenant :,^d agree to and ~hith the sa~d h30RTC,AGEE. its sueeessors and assigns: l. To pay all and singular the principal and interest and the various and sundry wms of money payable by virtus of said prcxniss~ry ~~tc, and this m~rtgage, each and every prompNy on the days respectively the same severally become due. 2. T~ pay all and singulzr the taxes, assessme~fs, levies, lia5ilitie5, obligations and inCUmbranCes of every nature and kind now an ~ ~id dexribed prcpertv, cr that F.crcaf;er ma~ be ~mposed, suffered, ptated, levied, or assessed thereon or that hereafter may be levied or j _ p_ y, payable according to I.:w, before tF+ey be- a.sc;-ed u n this Mort~age, or the ~r.d~bt^dness secured hereby, each and ever when due and c ~me :lel~nque~t, and bef:~re anv intere>i attaches er any penaity is incurred; and insofar as any ihereof is of reeord the same shall be prompNy ~.at~sfied and dr,c!~arged ef r~-cvrd ar.d t~e orig~nal otficial dxument tsuch as, for instance, the taz receipt or the satisfaction paper offitially ~ endorse~ or cert~fied! s~all be p!aced m the hands of said I~tORTGAGEE within ten days next after payment; and in the event that any thereof ~ ~s n~t paid, sat:s~~ed and d~schargcd. sa~~ MpRTGAGEE may at any time pay the same or any part thereof without waiving or affecting ar - ~phon, iien, eqwty, or right under or by virtue ~f this Mc~tgage, and the full amount of each and every such payment shall be immediateiy ~ ::.~c and payab'e and shall b^ar interest from the date thereof until paid at the rate of per centum per annum and together ~ w~th such interesf shall be secured b~• the I~en of this mortgage. SeVeII 3. To p~ace and c:nsmu .ush• I:eep on the bu~ld~ngs now or hereafter situated en said tand and on all equipme~t and perwnalty cov- ~ ered by th~s m~rtgaSe. ~v~th .i~' prerr.ium; 1Ferccn paid in full, fire insuranee in ihe usual standard p~fity form, in a sum approved by tl.c ~ `.?ORTGAG:E, and tornad_~ ~oiurance in the usual standard poliq form,in a wm approved by the MORTGAGEE, in such company or companies ~ : s the h10RTGAGEE mav direct; and atl fire and rornad~ insurance ~olicies on any of said buiidirgs, any interest therein or part thereof, in the aggregate sum af~re~id or ~n excess the.eof, sha~l contain the uwal standard mo.tgagee c~ause er ssxh other clause as the Mortgagee may ~ requ~re, making the loss under sa~d po}ir.es, each and every, payable to said MORTGAGEE as its interest may appear, and each and every ~ ~uch p~licy 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 trn f 10) davs ~n ad~-ance of the expiration of each policy, to deliver to said MORTGAGEE a ~enewat thereof, toFether with a receipt f~r the prem~um ef'such rencwal; and there shall be no fire or tornado insurance ptaced on any of said bui~d~nGs. any i~ite.est therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any wm of mo~ey becomes payable under such . 6Ut~li ~O PAtiE 15j,~T , d1p _ ~ ~7 ~ ~ ~ ~ ~ ~ r ~ ~~f ~ ~ :