HomeMy WebLinkAbout1884 251242
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THIS IN~ENTURE, Made the ..27th Day of . . _ ~rCh ~ • ~ ~
- - - . /1. 19 73. . between
CHARLES I~SER and VALkDA HESBR, his wife
a} $t. Lucie County, Florids, F+ereinafte~ designated as tf+e "MORTGAGOR," and fIRST FEDERAI SAVINGS AND
LO/1N ASSOCIATION OF IN0111N RIVER COUNTY, s corporation o~gani:ed and existing undcr the laws of the United States of Arncrica
snd Fwv~ng its pri~+c~pal plxe of business in fhe City of Vero Beach, Indian River Cou~ty, Flo~ida, he~einaftcr designated as Ihe "MORTG/1GEE."
WHEREAS ~he MORTGAGOR is 'usN ~p~ ~p ~he MORTGAGEE i~ rhe sum of Fifty Thousand and no~100
---------------------~----~(s ySUiUU~.U~_. pp~~ars, good and lawful money oi the United States advanted by the
MORTGAGEE unto the MORTG/1GOR, as evidenced by a certain p~omissory note of even date herc.virh, of which the followinQ in words
and figures is a true copy, tawit:
S 50,000.00 ~ No. _ .
Vero Beach, Florida, _ MSrCh 2~, ~q 7~
For value received I or we joi~tly or scverally promise to pay to FIRST FEDERAL SAVINGS /1ND LOAN ASSOCIATION OF INDI/1N
RIVER COUNTY, the sum of s_ SQ,~OO.QO at its office in Vero Beach, Fbrida, with interest at the rate of 8 _
per cent per annum, in the followin~ manne?:
385 91 _ ~ p.~~~~i sum, with interest, has been paid; said
s.._. _ pon the first of each and every month hereafter until the full
monthly payments shall be applied first to the payment of interest on the unpaid balance, and then ro the payment of principal.
This note is ~egotiable and if default in payment xcurs, may be placed in the hand of attorney at Iaw for collection, in which
event 1 or wc agree to pay the costs of collection, including a reasonable attorney's fee, a ct us, w ther ~r, guarantor or endorser,
hereby severally waives demand, notice of non-oavme~t and protest of this note.
~s~.. Charles_Meser . I~~" . c u
- - - - - -
l s/ _ Yalada.Mese~'_ _ _ . ,l _ seau
In the event any payment is not made prior to the 20th day of the month when due, then this note shall bear interest at tF+e rate of
9
96 from the date any such payment became due and throughout the period of such delinquency.
State stamps paid and cancelled on original of this note in the amount of s-._ _7S.~Q .
NOW, THEREFORE, the MORTC,AGpR for the purpose of securing the payment of the said wm of S_ SO~OOO.O~ _ and the
Nerformance of the covenants and-agreemer?ts hereinafter expressed, and for divers good and valuable conside?ations, by these presents, does
grant, bargain, sell, remise, release, convey and co~firm unto the MORTGAGEE its successors and assigns, all that certain lot, piece w parcet of
land, situate, lying and being in the Couny of St. _LuCie _ and State of Fto~ida, described as folbws:
The East 15 feet of Lots 3 and 4, all of Lot 5, and the ;
West 30 feet of Lot 6, Block 8 of Dixieland Subdivision, f
as recorded in Deed Book 152, page 403, of the Public ~
Records of Saint Lucie County, Florida. `
;
' This tnst:urnen? WM Pr~~~ed dY i
m.S ~ t~ I! o0 10HN A. LESTER -
~,x ti 0 ~~/~~Y TAjNQ_ TQX ~ ~ v ~ t~Xf.S Firsf Fcderal $avings and Loan
DEP .OF REYEMHE ` j ~ IN ~M ~Rn~ /~ss'n of Indian River Ccunty
a~
1~"., ~ t.s. ` f S ~ O D1E ON CU1SS 11RA1161~1F ~ NJ11- 2045-11 th Ave. P.O_ Eiox 120~7
o = lt10! ~ ,~~i jp Cl1AP~ER 71-13~1~ Yero B~: ch. Fl~rida 3^950
. . ! ~IItl~ ~T ST~. ~WC~E a0. .
~ together with all and singular the tenements, heredit~ and appu~t~~ reunto belo~ging or in anywnse appertaining thereto, and
all rents, issues, proteeds and protits accruing and to atCrue from said premises, atl of which are included in the above and foregoing de-
uription and habendum.
TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its wccessors and assigns forever.
And ~he said MORTGAGOR for their~;n, executors, administrators and assigns, hereby covenants with tFx said MORTCAGEE, its wctes-
the are __iaWf~ii premises in fee sim , ~
sors and assigns, that. _ y__________ y seized of the said ple• that the same are free, clear and dis-
charged from all liens and encumbrances in law or in equity, and that they _ a~ their ~;~s shall warrant and
defend the title to the same to the said MORTGAGEE, its wctessors and assigns, forever against the lawful claims and demands of all persons;
PROVIDED. ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory r+ote hereinbefore described, and
shall truly, promptly and fully perform, discharge, execute, complete, comply with 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 hereoy created shall cease and 5e
null and voiA
IT IS UtIDERSTOOD that the word "Mortgagor" whether in tiw singular w plural anywhere in this Mortgage, shall be singular if one
only and shall be plural jointly end severally if more than one, and that the word "Their" as used anywt~ere in th~s Mortgage shall be takcn
to mean "his," "her," or "its." wherever the to~text so implies or admits. Aiso, that wherever shere is a reference in the covenants and
agreements herein co~tained to any of the parties hereto, fhe same shatl be construed to mean as well as the heirs, legal representatives, suc-
cessors and assigns (either voluntary by act of the parties or involuntary by operation of the law) of the same and tiwt the covenants herein
c~ntained shall bind and the be~eiits and advantages inure to the respective heirs, legal representatrves, suttessors and auigns of tlx:
aarties hereto.
And said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, h2reby jointly and severally cove~ant
and agree to and with the said MORTGAGEE, its successors and assigns:
1. To pay all and singular the principal and interest and the various and sundry wms of money payable by vi:tue of said promiss~ry
~ note, and this mortgage, each and every promptly on the days respett~vely the same severally become due.
~ 2. To pay all and singular the taxes, assessments, levies, lia5ilities, obligatiorK and inturnbrantes of every ~ature and kind now o~
said described property, or that hereafter may be imposed, wffered: p~aced, levied, or assessed thereo~ or that hereatter may be levied or ,
assessed upcn this Mortgage, or the indebtedness secured here6y, each and every, when due and payable according to law, before they be- ~
c~me delinquent, and before any interest attaches or any penalty is incurred; and insofar as any thereof is of record the same shalf be promptly •
satisfied and discharged of record and the original official document (wch as, for instance, the tax receipt or the satistact~on paper officially
endorsed or certified! shall be placed in the hands of said MORTGAGEE within ten days next aiter payment; and in the event that any thereof
is r?ot paid, satisfied and distharged, sai~ MORTGAGEE rtfay at any time pay fhe same ot any part thereof without waiving or affettietg any
opt~on, tien, equity, or right under or by virtue of this Mortgage, and the full amount of each nd every such payment shafl be immediateiy
due and payable and shall bcar interest from the date thereof until paid at the rate of ~ per centum per an~um and together
with such interest shall be secu?ed by the lien of this mo.tgage.
3. To place and ccnt~nuously keep on the buildings ~ow or hereafter situated on said land and on all equipment and persona~ty cov-
ered by this mortgage, with ail premiums thereon paid in full, fire insuranCe in the usua) Standard poliCy form, in a Sum appr~vcd by 11u:
MORTGAGEE, and tornado insurance in the usual standard poliq form,in a wm approved by the MORTGAGEE, in wch tompany or companies
~ as the MORTGAGEE may direct; and all fire and tornado inwranCe policies on any of said buiid~rgs, any interest the?ein or part thereof, in the
aggregate sum aforesaid or in excess thereof, shatl contain the uwal s~andard mortgagee ctause e? such other clause as the Mortgagee may
require, making the loss under said policies, each and every, payable to said MORTGAGEE as ~ts interest may appear, and each and every
such policy shalt be promptty assigned and delivered to snd held by sa~d MORTGAGEE as fu•t+,er security to said mwtgage debt, and, not
iess than ten (10) days in advance of the expiration of exh polity, to deiiver to said MORTGAGEE a renewal thereof, together with a receipt
for the premium of such renewal; and there shall be no fire or tomado inwrance ptated on any of sa~d bu~ld~ngs. any ~nterest therein w
part thereof, unkss in the form and with the loss paysbk as aforessid; a~d in the event any wm of money becomes payabk under wch
r?~wt~fOO-~.fl-vN
a~~ 2~2 P~~18~4
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