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Home My WebLink About2952 24'~'7'76 ~ . THIS INDENTURE, Made ~t,e 9th O~y of February . A. p. ~973 , be~~nirr; JERRY WAYN~ MOBLEY and EULA MOBLEY, his wife of Indian River Co~nty, Florida, hereinafter designateci as the "MORTGAGOR," ~nd FIR~T FEDE::AI SnviNGS Ar1D LOAN ASSQCIATION OF INDIAN RIVER COUNTY, d Gorporatio~ o~gan~zed an,1 ezisting under the ta~.s cf the Unrt~•c; Statcs cf Amcrita and hawng its principal place of business in the City of Vero Beach, Ind~an R~ver County, florida, hereinafter c!ci~En~ted as the "~,?ORTGAGcE." W Ef~~ S~he MORTGAGOR ~s ius~ly ~ t ~o he MORTGAGEE ~he sum of Fifteen Thousand Five Hundred and no71UV (s Doilars. Ewd and (a~vfu) m;~ey cf »~e Uni!ed Statc; adv:~nted by thC MORTGAGEE unto tFk MORTGAGOR, as evidented by a certain prom~ssory notc of cven datc hcr~~.Y~t:~, of wh~ch the foll~.r~ng in worrts and figures ~S a true COpy, t0•wit: S IS~S0~.~0 h~ Vero Beach, Flo~ida. February 9~ ~q 73 For value received 1 or we jointly or severally promise to pay to FlRST FEDERAL SAVI1~!GS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of s_15~5~0.~~ _ , at its office in Vero Bexh, Flcrida, vvith intcrest at th~ rate ef ~.75 per cent per annum, in tF+e following maoner: 117.~8 rY P Pa paid; said 5--- upo~ the fint of each and eve month hereafter until the full rinci I sum, w~th interest, has been monthty payments shall be applied ~~rst to the payment of interest on the un~aid balance, and then to the payme~t of prinupal. This note is negotiable and if default in payment occurs, may be plated in the hands of an attorney at law for co:lecti~n, in which event 1 or we agree to pay the eosts of collection, including a reasonable attorney's fee, and each of us, whether maker, gu~rantor or endorser, hereby severally waives derrwnd, notice of non-pavment and protest of th~s note. /s/ Jerry Wayne Mobley (5cau /s/ Eula Mobley ~~aiy (n the event any payment is not made prior to the 20th day of the month when due, then this note shall bear interest at the ratc of 8. 75 ~ from the date any such payment became due and throughout the period of such delinquency. State stamps paid and cancelled on original of this nofe in the amount of 5 23.25 , NOW, THEREFORE, the MORTGA(',pR for the purpose of securing the payment of the said sum of S 15,$U0.~0 a~ Nerformance_of the tovenants.and-agrcetn~nTs Fiereinafter expressed, and for divers good and valuable cons~derations, by these presents, docs grant, bargain, sell, ~emise, release, tonvey and confirm unto the MORTGAGEE its successors and assigns, all that certain lot, piece or parcel of land, situate, lying and being in the Counry of _ St. Lucie and Stare of Florida, deuribed as follows: Lot 3, Block 43, Unit 8, Lakewood Park Subdivision, as per Plat thereof on file in Plat Book 11, page 19, of the public records of St. Lucie County, Florida. f RE~CEIVED IN PAYAIENT OF T/~ TAis infrn,.~,r..t wa, P~epa.ed Dy DUE ON CLASS'C INTANGIBLE PERSOk~I P-'07fRIY, J. D. BAKER, JR. PURSl1ANT TO CWIPTER 11-134, ACTS OF Lyll. First Federal Savin~; and La~n ROOER POITftAS - U Ass'n of I.x~ian .r.ivcr C:un`y t ~{,EIR CIRGIIT COUIiT, ST. UICIE C0, FU~ ' 2045-14th A.•c. P.Q. G~x 1~vy ~ ! Verc Sc~eh, F;cnJ~ 32960 ) ~ i ti3 ; together with all and singular the teneme~ts, hereditame~ts and appu~tenances thereunto belonging or in anywise appertain~ng thereto, and all rents, iswes, prcteeds and profits accruing and to acc?ue from said -premises, all of which are inclucied in ehe above and forego~ng de- scription and habendum. ~ TO HAVE AND TO HOLD the above destribed and granted premises unto the said MORTGAGEE, its success~rs and assig~s forever. i ~ And the said MORTGAGOR for their executors, administrators and assigns, hereby covenants .v~th the said MORTGAGEE, its succes- € so.s and assigns, ir,~r _._they are _ iaWf~n,, seized of the said premises in fee simpte; that the same are free, ctear and dis- t ; charged from all liens and encumbrantes in law or in equity, and that they ~,,,;ii and their heirs shatl warrant and x uefend the title to the same to the said MORTGAGEE, its successors and assign;, forever againsr the lawful claims and demands of all persons; ~ PROVIUED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the prom;ssory note hereinbefore dexr~bed, and shall truly, promptly a~d fully perform, distharge, execute, complete, comply w~th and abide by each and every the st~pulations, agree.~nents. ~ conditions and covena~ts of said promissory note and of this Mortgage, then this Mortpage and the Estate hereoy created shal~ cease and be null and vnirl ff IT IS U~IDERSTOOD that the word "Mortgagcr" whether in tFw singular or plural anywhere ~n th~s Mortgage. shall be singufar if one ~ only and shall be plural jointly and severally if more tha~ one, and that ti,e word "Their" as used anywhere ;n th~s Mortgage shall be takcn ~ t:, mean "his." "her," or "its," wherever the context so implies or admits. Atso, thaf wherevcr thcre is a referente in the tovena~ts and ~ agreemenss herein tonfained to any of the pacties hereto, the same shall be construed to mean as we!I as the he~rs, legal representat~ves, wc- ~ cess~r; and assig~s (either voluntary by act of the parties or involun:ary by operation of the Iawf of the Same and t'rwt the covenants herein ~ c:nta~n~d sha!I bind and the 5en~hts and advantages inure to the respechve heirs, legal representatwes, suCC~ssors and ass~gns of thc " ;,arnes hereto. ~ ~ And said 1~1ortgagors, for themselves and their heirs. lega) representatives, successors and assigm, hereby j:::ntly and severatly c~venant a^d agree to and w~th the said MORTGAGEE, its successors and assigns: ~ 1. To pay all and singular the printipal and interesf and the various and sundry sums of money payable by virtu~ of s~id promr,s-.ry ~~te, and this mortgage, each and every promptly on the days respect~vely the same severally become due. 2. To pay atl and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on k+id described prcperty, or that hereafter may be ~mposed, suffered, placed, levied, or assessed therecn or thet hereatter may be lev~ed or a~sessed upon this Mortgage, or the ]ndebtedness secu.ed hereby, each and every, when due an~ pavable accarding ti I.~w, before they be- ~ _~me delinquent, and before any i~terest attathes or any penalty is incurred; and ~nsofar as any thereof is of •ec~rd the >ame shall be p,-ompHy sahzfied and d~xhargc~ ef record and the orig~nal official documeni (such as, for lnssance, the tax receipt or t~,e satislact~o~ paper o(ficially endorsed or certified) shall be placed in the hands of said MORTGAGEE within ten days next after payment; and ~n the event that any thereof ;s ~s not paid, Satisfied and discharged, said MQRTGAGEE rtWy at any time pay the same or any part thereof without waiv~ng or affecting any cpt~on, lien, eQuity, or right under or by virtue of this Mortgage, and the full amount of each and every such payment shail be immed~ateiy - d~e and payable and shall bear interest from the date thereof until paid at the rete of 7~]S ~er centurn per annum and tcgerher - with such interest shall be secured by the lien of this mortgage_ 3. To place and cont~nuously keep on the buildings now or hereafter situated en said I.~nd and on alI equ,pment and personalty cov- - cred by this m~rtgaqe, with all premiums thereon paid in full, fire insurante in the usual siinda•d p~hcy form, ~n a sum approvcd by !he `.":ORTGAGEE, and tornado inwrance in the usual standard policy form,in a sum approved by the MORTGAGEE, in such company or companiez ~s the MORTGAGEE may direct; and all fire and tornado inwrance policies on any of sa~d bui~d~ngs, any Interest therein or part there~f, in tFa aggregate sum aforesaid or in extess thereof, shall contai~ the usual standard mortgagee c~ause er such otner cl.use az 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 assigned and delivered to and held by said MORTGAGEE as fu~t~,er security to sa~d mortgage debt, and, ~ot ~ ~ess than ten (10) days in advance of the expiration of each polity, fo deliver to said MORTGAG~E a renewal thereof, t~Sether ~vith a reteipt ~ 4or fhe premium of such renewal; and there shall be no fire or fornado insurance placed cn a~y of s~~d bu~~;l~n~s. any ~nterest there~n or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum of mo.~ey becomes payable under such - - - s~o~2~.~ ~~~E~949 ~ ~ ' ~ - , ~