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HomeMy WebLinkAbout1047 2464'76 " THIS IPIDENTURE, Made the ..~8th . oay oF _ January , q_ p_ ~9 73, bet~neen ~nSEPH A. CIMINO, SR. and LILLiAN M. CIMINO, his wife • of It~dian River County, Flwida, hereinafte~ designated as the "MORTGAGOR," and FIRST FEOERAI SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUtVTY, a corporation organ~zed anci existing urtder the laws of the United States of Amcr~ta and hawng ~ts print~pal ptace of business in thc City of Vero 6eath, Ind~an River County, Florida, hercin3ltcr designafed as the "MORTCAG~E." HEREAS the MQRTGAGOR is justly y'~~ t e MORTGAGEE in the sum ot 1~enty-five Thousand and no/10t~ (S 15~~~.~, pollars, good and lawful m~ney of the Unitrd States adv~nced by the ti10RTGAGEE unto the MORTGAGOR, as evide~ced by a certain promissory notc of cve~ date herc.v~th, of which the following i~ words and f~gures is a truc topy, to-wit: . q 25,000.00 No. Vero Beach, Ftorida, .TariuBY')1 1$~ ~q ~3 For value received I or we jointly or severatly prom~se to pay to FIRST FEDERAI SAVINGS AND LOAN ASSOCIATION OF INDIAN ~IVER COUNTY, the sum of S.~S,~DD.QQ , at its office in Vero Beach, Florida, with interest at the rate of ~.25 per cent per annum, in the foltowing manner; s.- _ 18Q• 71 upon the first of each a~d every mo~th hereafter until the full pri~cipal sum, with interest, has been paid; said monthly payments sha71 be applied first to the payment of interest on the unpaid balar~ce, a~d then to the payme~t of prinupal, This note is negotiable and if default in pav~'+ent otturs, may be placed in the hands of an attorney at law fo~ collection, i~ which event I or we agree to pay the cos!s of cottectio~, including a ~easonable attorney's fee, and each of us, whether maker, gu~rantor or endorser, : hereby severally waives dem~nd, notice of ~on-oavment and protest of thls note. ' /s~ Joseph A,_ Cimino, Sr. ~~,i~ /s( _ Lillisn.M. Cimino_ _ _~~ap > tn the event any payment is :+ot made prior to the 20th day o: fhe month when due, then this note shall bear intcrest at the rate of i 78~~ from the date any sucfi payment became due and througF»ut the period of such delinquency_ 8.25~ 37 SO ' State stamps paid and tancelled on original of this note in the amount of r i NOW, TFIEREFORE, the MORTGAGOR for tF+e purpose of securing the payment of the said sum of S.?S 1000. ~0 _ and the ~ Nerformance of the covenants and ag~eements hereinafter expressed, and for divers good and valuable considerations, by these presents, daes g~ant, bargain, sell, remise, retease, convey ar?d confirm unto the MORTGAGEE its successors and assigns, all that certain lot, piece or parcel of - j land, situate, lying and being in the Counry of _ ,$t. Lu~~@ _ . _ and Slate of Florida, deuribed as follows: ~ Lot 8, Block 4, Coral Cove Beach, Section One, according to the Plat thereof recorded in Plat Book 11, Pages 30A.and 30B, Public Itecords, St. Lucie County, Florida. i ~ i This Instr~t Wm Pre~a~ed •O1 # O. O~ nF =axES 1- D_ BAKER, JR. ! REC~IYED S lu ' Fint Federal Ssvings and 1A•7~ ~ [k1E 0?~ C' S~.i ~....~..:.~o~_ :iY. Ass n of Indian River CotXMi~ ` pUR$Zi;.,~T TO CFIAP~'`' 71-134, AC1S OF 1'J/1. ~'JT! 2045-14th Ave. P.O. Box 1269~ ~ ~~T~ ` Vero Beach, Flwida 32960 ~ CLEIOC CIRql17 OOURT. ST. UlCIE OQ~ NA~ ~ ~ ~ 3 ~ together with all and singular the tenements, hereditaments and appu~tenances thereunto belonging or in anyw?se appertaini~g ihereto, and ~ ail rents, issues, proCeeds and profits accrui~g and to accrue from said premises, all of which are incluc,+ed in fhe abnve and foregoirg de- a stription and habendurn. TO HAVE AND TO HOLD the aMve described and granted premises unto the said MORTGAGEE, its successo~s and assigns forever. And the said MORTGAGOR for their he;,s, executo~s, administrators and assigns, hereby covenants with tF.e said MORTGAGEE, its wctes- s~rs and assigns, that they are .~aWf„uy se~:ed of the said premises in fee simple; that the same are free, clear and d~s- charged from aIl liens and encumbrances in law or in equity, and that they r,,;i~ a~ their he;.s shall warrant and ~efend the title to the same to the said NIORTGAGEE, its suctessors and assigns, forever against the lawful claims and demands of all persons; PROVIDED, ALWAYS that ~f the MORTGAG4R shal~ pay unto the MORTGAGEE the promiswry note herei~before described, and shall truly, promptly and fuily perform, discharge, execute, complete, cariply w~th and abide by each and every the stipulations, agreements. conditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereoy created shall cease and 5e ~ null and vc:ir~ IT IS Ut~0ER5TOOD that the wo~d "Mortgagcr" whether in the singular or plural anywhere in this lvlortgage. shall be singufar if one i ~n!y and shall be plural jointly ,~nd seve~ally if more than one, and that t~e .wrd "Their" as used anywhere in th~s Mortgage shall be takcn co mean "his," "her," or "its." ~vherever the centext so imp(ies or admits. Aiso, that wherever t!fere is a~efere~ce in the covenanis and ac,reements herein tontai»ed to any o` the parties hereto, the same sfiall be eonstrued to mean as we!1 as the heirs, legal representatives, suc- cess~rs and assigns leitker voluntary by act of fhe parties or involun;a~y by operatian of fhe law! of ihe same an~ that the covenants herein c nta~ned shafl b~nd and rhe be~_i~ts und advantages inure to the respective heirs, legal represe~t~!~ves, successors and ass+gns of th.: ~;:rnes hereto. , And said R1~~tgagors, for them=_elves and their heirs, legal representatives, successors and assigns, hereby jointiy anJ severally C~venant :.~d agrce to and •tiith the said MORTGAGEE, its successors and assign;: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by vi:tu~ of s~id promiss:,fy n~te, and this mortgage, each and every prornptly on the days respect~~ely the same severally become due. ' 2. To pay att and singular the taxes, assessmenrs, tevies, lia5ifities, obligations and incumbrantes of every nature and kind now on k~id described prcpertv, or that hereafter may be impesed, suffered, placed, levied, or assessed thereo~ or that hereatter may be tevied or - a>;e»ed up~n this MortgaRe, or the irtdebtedness secured hereby, each and every, when due an~ pavable acc~~ding t~ !~w, before they be- c;me dcl~nquent, and bef~re any i~terest attaches or any penalty is inturred; and insofar as any thereof is of •ecord the same sh3tl be p:omptly -.aasfied and d~scharge~ ef record and t~e orig~nal official dxument (iuch as, for in;tance, the tax receipt or tne satisfaction paper offitiall~• •^ndorsed or certi~~ed' shatl Ee ptaccd in the hartds of said MORT~AGFE within ten days next after payment; and in thc event that any the~e~~ ~s not paid, satisfied and discharged, sa~~ MORTGAGEE may at any time pay the same or any part thereof w~thout warvin3 or affecting ar., : ption, lien, eauity, or right under or by viriue of this Mortgage, an~ the full amount of each and every such payment shall be immed~ateiy d~e and payable and shall be~r interest from the date thereof until paid at the rate of per centum per annum and togethe~ s .v~th such interest shall be secu•ed by the lien of this mortgage. 8eVeII and OII@-quarter 3. To place and c^nnnu ~us~y keep on the buildings ~ow or hereafter situated en said land and o~ all equ:pment and personatty cov- ered by this m~rtgaqe, ~ti~irh a~! premfums the~eon paid in full, fire i~suranee in the usual standard p~l~cy ~orm, in a sum approved by !?~e ti40RTGAGEE, and tornad~ 6nsurance in the uzual standard poliq form,in a sum approved by the MORTGAGEE, in such c~mpany or comparnes .:s the MORTGAGEE may di~ect; and a~! fire an~ torrado inwrante ,~licies on any of said buitdir.gs, any interest therein or part thereuf, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mo?tgagee uause cr such other clause as tfie Mortgagee may require, making the Ioss ur.der sa~d poticies, eath and every, payable to said MORTGAGEE as irs interest may appear, and each and every >ucn policy shall be promptly assigned and delivered to and held by said MORTGAGEE as fu~t%~er security to said mortgage debt, and, n~t 'ess than ten (10) days in adva~ce of the expiration of each poliq, to deliver to sait! MORTGAG=E a r~newal thereof, tvsether with a receipt tor the premium of such reRewal; and there shal! be no fire w tornado insurance placed o+? any of said bw~d~n~s. any inte.est 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 : e.AC~50J-6-)i-'.9o ~oa zso ~~1a45 ~ ~ - ~ ~ ~ __~s ~ ~ ~ . _ .