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Home My WebLink About5538 I~i~3a7v.1~ ~ i ~ THIS INDENTURE, h1a.le the . 21St Day of December , A. D 19 ~2 , ber~.e~n JAMES E. WARD and FLORENCE A. WARD, his wife ; f County, Fl~nda, hereinafter designared as the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN ASSCCIATIO'~ OF 1!~!DIAN RlVER COU~~TY, a torp~ration organized and ex~st~ng undcr the ia.~s of the Unlted States of AmeriCa and Fwv~nti ~ts prinupa~ platc of t:usinc:s ~n thc Gry of Vera Beaeh, Ind~•~~ R~ver County, Flonda, hcrcin~ftcr des~gnated as the "~tORTGAGcK." WHEREAS thc ~tORTGAGOR_ s ~ustl~ ir~tle~t~,(o the MORTGAGEE ~n the sum of Five Thousand and rio~ 1~0--- ,UU . U ) po;lars, E:ooci and 7awful m.ney e! rhe Unitcd States adv:.nce.-! by the h10RTGAGEE unto the t~lORTGAG~R, as evidenced by a certain prom~ssory note ot e~e~ Jate h~r~~w~th, of wh~ch the fo!lo.ti~ng m words and f~gures is a true Copy, to-wit: 5 5~~~0.~~ No• - Vero Bea[h, Florida. December 21~ ~q 72 ___u.. c~ACT ~rnrcei ca~~~Nr.c Ar.in i ~ar~ ACtcK~ATtnN OF INDIAN ~ur V3iuf9 t.e..e~.~.~ . ;,i v:~ i~,..:y sc.~,..,~ ~_j , ~ _ . _ . :IVER COUNTY, the sum of S 5~000•~0 , at its office ir~Vero Bexh, Florida, with inte~est at the rate of 7• 5 ~er tent pe~ annum, in the followi~g manner: - S 69.~+2 upon the first of Qach and every month hereafter until the full princ~pal sum, with interesr, has been pa~d; sa~d m;nthly payments shall be apD~~ed f,rst to the payment of interest on the unpaid batance, and then to the payment of principal. This note is neg~tiable and if default in pavment occurs, may be P~aced in thQ hands of a~ attorney at law for tollecti~n, in evhich e~ent 1 or we agrez to pay the cests of colfection, including a reasonable attorney's fee, and each of us, whether maker, guarantor or endorser, hereby sever~lly waives demand, noiiCe of non-oavment and protest of th~s note. /s/ James E._Ward ~~ai> /s/ Florence A. Ward ~5ed~~ In the event any payment is ~~t made prior to the 20th day o: the month .vhen due, then this note shall btar interest at the rate of ~ from the date any such payment became due and throughout the period of such delinquency. `g . S~o State stamps paid and cancelled on ori3inal of this note i~ the amount of S 7• 50 . ~;OW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said sum ef S S,~Q~.~O - and the ~erformance of the tovenants an~ a~reements hereinafter expressed, and for divers good and valuab?e considerations, by these prese~ts, does g~ant, bargain, sell, remise, release, cen~ey and confirm unto the MORTGAGEE its successors and assigns, all that certain lot, piece or parcel of land, zituate, lying and being ~n the County of St. LuCle and State of Flo?ida, dezcribed as follows: Lot 2, less the East 65 feet of South 3 feet and South 10 feet of Lot 3, Block 2, of KILLER'S SUBDIVISION, as per plat thereof on file in Plat Book 3, at page 43, of the public records of St. Lucie County, Florida. Tfiia lnstcument Was Prc:.~-~7 ~ ~ 1. D. BAKER, JR. First Federal Savin~s and Loan qss'n of Inciian River County ~ 2045-14th Ave. P.O. Box 1209 RECEIVEp ~H P~~EM ~ T~ Yero 6eath, Florida 32960 ~UE ON C(ASS •C INT/WGIB(E ~tfSpIVAL pRppER(Y, ' PURSIMNT TO CtiAPTER 71-134, ACTS OF 1911. i ROGER POITRAS ; CLERX ClRqlIT COURT Si. LIICIE 0p~ FU, - j j r~gether with all and singular the tenements, hereditaments and appu~tenances thereunto beicnging or in arsyw~se appertain~ng thereto, and ! a!I rents, issues, proceeds and prof~ts attruing and ro accrue from said premises, all of which are inc~uded ~n the abo~e and foregoing de- : scription and habendum. 5 TO HAVE AND TO HOLD the ab~ve described and granted prem~ses unto the said MQRTGAGEE, its successors a~d ass~gns Forever. ~ And the said MORTGACAR for their he;~s, exetutors, administrat~rs and assigns, hereby tovenants wiTh tF.e said A~ORTGAGEE, its suttes- s ~ >crs and assigns, t?.ar . they are iaWf„nY seized of the said premises in fee simple; that the same are free, clear and d~s ~ c~arged from all [iens and encumbrances in law or in eqwty, and tha; they ~,,;ii ar~d their F.eirs shall warrant and ~ ,:~fend the tiNe to the same to the said MORTGAGEE, its successors and azsigns, forever against the la~vful claims and demands o± all persons; ~ PROVIOEO. ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note here~nbefore descr~bed, and ~ s~all truly, promptly and fully perform, dreharge, exetute, complete, comply w~th and abide by each and every the st~pulations, agreements. c~nditions and tovenanis of said promissory note and of this hlortg~ge, then ~F.~s Mortgage and the Estate hereoy urated shall ccasc and be null and vr.iA ~ IT !5 U~~DERSTGOD that the +y~rd "hlortga3~-r" wfiether in the s~ngular or plural ar.ywhere ~n th~s Mortgage. shall be singular if one _ ~ ~'y and s~:al! bc p!ural ~~inNy .~nd s_•.c~:iily tf more than one, and that tre ~vord "Their" as uscd ~nvwh^rc m m~s ~~1~rtgage shall bc takcn ~ m•~an "his," "her," er "~ts." ~vtu'r•'ver the c~ntext so implies cr admits. A~so, that where~er there is a refere~ce ~n the covenants and ~ ~,,,reemcnts herein rntained to any o` the part~es herelo, the same shall be eomtrued to mean as v.e'1 as the h~irs, Iegal representahves, suc- ~ ~s~r, nnd assigns !e~ther vciuntary by act of the p3rties or mvoluntarti• bv operat~cn of the ~aw? ot the same an~ tnat the ccvenants herein " - nt~m_;1 stia!! b~nd .~nd t~e b~~n_'~r: ..~;d aG:antages inure to the respeehve heirs, lega! representat~ves, succes>>rs ond assigns of the ~ .:;,rt~es her~tO. " And sa~d Atcrtsacers, for •F.r~n~ei:e; and their he~rs, legal repiesentahves, successors and assiSns, hereUy j: inily an.l se.eraily c~venant w~ _ agree ro an i..1th the said \10K7Gi,GEE, its suceessors and assigns: ~ 1. To pay all and singuiar ttie p•mc~pal and interest and tne varieus and sundry sums of money payablc br ~'~~i~^ ~f s:id pr~m~ss:ry ~ -_tc, an•~ th„ mxtg.;r,e, each ar~ every p~omptly on thc days respect~~:efy the same seve~al;y become due. 2. To pay at! and s~n3ul<~r tne taxes, asse>sments, tevies, lia~ilities, obligations and incumbrances of every nature and kind now en -•~d ~?~:cri;-ed pn p^rt•:, or that hercajcer m.~y be ~mposed, suffered, p~aced, lev~ed, or assessed i'~erc~~n or that nc:eattcr may 5e le.~ed or up,n t~us h.~~rt.;3ge, or tt,c in;;cDt^dness secured hereby, each and every, when due an~ pa•:able acc~•ding t.~ taw, before they 5e- _ _~~e del~n~uent. and ~e`;~e anv ~n'erest a'!ac'~es cr any pena~ty is inturred; and ~nsofa~ as any therc ~4 is of •ee%-d tne >arne sh ~I! be p:ump!I~ " ~hsf:ed anJ d~scha~~e~.'. ~f r~~c..-d ar.d t'~e cngma! off~cial dxumeni !such as, fer instance, tFe tati receipt or t~,e satufact~~n p~per ~f4~~ia!I: • ~'~~;ed or cerr~4~cd' ~~.~!I ;.~e p~aced ~n t'-e F~ands -f said MORTGA:EE wirhin ten C~3~5 next af!cr payment; and in thc e~ent f'~dt dny th~r~^~ . n-~t paid, setiz:~cd and d:scharged. sa~ f 410RTG4GEE may at any time pay ihe same or any part thereof wi:h~ut wa~v~~: cr affectin3 ai , y~~n, I~en, equitv, o~ ~~ght under ~r hy wrtue of t~is Mo•tgage, and the full amount of eac!+ and every such payment s'~.,II be immed~ate~y :.e and ~a~ab'~ and shatl be,r interest f~om t~e date thereof until pa~d at the rate of per ceniurn per annum and together ti ,v~th such iMerest s'~all be ~^cured by the licn ef th~s mortgage. SeVeri and OII@-half - 3. To place and C:ntinu :~slv keep cn the buildings now or hereafter situated en said tand and on a~l eGu~pment an~ pers~nait~ c~v- - ~•cd by this m~:sgaqe, w>ti .l~' 7'?n~~um5 there~n paid in full, fire insu~ante ~n tF.e usual s!:in~fard p!iCV f~rm, tn a sum app.;.cd by rr `."vRTGAG~E. and to:nad ~~-~,ur,~nc•, in the usuat standard poliey form,in a sum approved by the MORTGAGEE, i~ such company ^r eompan~es - .s the MORTGACEE ma~~ d~~ect; an:~ a~l fire and to+ned~ insurance ;,olicies on any of said buiidirgs, any inte~est th~.ein or part thereof, in tF.a ag:;re3ate sum af~resa~~! or m exce.s thereof, shatl contain the usual stand~rd mortgagee c~ause cr sucn other c~auie as the Mortgagee may ~equi:e. maki~g the t: ss under ,a~d p~;~c~es, each and e~ery, payable to said MORTGAGEE as ~fs inseres~ may appear, and each and every ,uch p~~~r~ shall be prcmpt!y as~~gne ; and delivered to and held by sa~d MQRTGAGEE as fu~t~.er secuniy to said mortgage debt, and, not than ten (10? da~s in ad~.ance of she expiration of each poliey, to deliver to said MORTGAGEE a~Cnewdl therecf, 1~SCthCr w~th a receipt r~r the premium ~f such renewal; a~d there shall be no fire or tornado insurance plated cn any o~ s~~~ bu~l:f s. a~~y ~nte~~st therein or :"i ~art tnereOf, unless !n ine tocm and w~th the Io55 pay0bte a5 atoresaid: and in tne event any sum ui r~wnBy txCO~~~ei yayable urd2r ;uth .c <o~-R e ~,rr~ lU~~ ?'At,~ 'J " ` 2~~'~ ~ ~ ; ~ , ~ x; _ - ~ ~ s.~ ~ _ _ ~ . ~ . ~ ~~~a~ _ _