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HomeMy WebLinkAbout2016 251341 ~ ~ . , K~„` THIS INDENTURE. N+,d. tn....3Q.~h.._ ar o~ March . A. 19 , between . _ ci.~ c~ aBrrror~, JR. , a Sin&ie _ aauic of $t. LuCi@ Cp~~y, F~;~, hereina(te~ desi~nated ss the "MORTC~110pR," and FIRST'FEOERAL SIIVINGS /1ND LO/?N /15SOCIATION OF INDIAN RIVER COUNTY, s corpaation o.Qani:ed snd existin~ undor the Iaws of tM United States of M+erica and F+~vin6 its p~incipal plate of business in ths City of Vero Beath, Indian River Cou~ry, Florids, he~einafte? dcsignated as tl+e "MORTG/1GEE" VN~1E F~$ ~he M RT:l~jt~~ is )usty i~+d~j t~ iM MORTGAGEE in ihe sum of Th~.rkeeR Thous~nd. Seven . Hundred ~lIL~I _8I1~ IIC~/ LVtJ~~ (S /]~•S1Q•.•----) Ool~a.s, good and lawful money ot the United Ststcs advanted by tF+e MORTCAGEE unto the MORTG/1CAR, u evidanted by s Certain promiuory ~ote of even date herewith, of whith the followin~ in wouls and fiQu~es is s trus copy, to-wit: s 13 , 750.00 . No. . . ~ Vero eeach, Florids. - . - _ March _30 73 . k • . s . . 19 Fo? vatue received 1 or we jointly o? sevenlly promise to pay to FIRST FEDERAL SAVINGS MID LO/~N AS50CIATtON OF INDIMI i , RIVER COUNTY. the sum of S-- ~~:750.~00_____ at its office in Vero Beach, Flwida, with interest at the rate of _~.25 per cent per arxwm. in the foltowin` manner: 1S0 S4___ t~ fi.st of each and every month he~eafte~ until tF+e full p?incipal wm, with interest, has bcen paid; said ' monthly paymer?ts shall be applied first to the payment of interest on tF+e unpaid balance, and then to the payment of principal. This note is negotiable and if default in paymmt occurs, may be placed in the hands of an attomey at law for collection, i~ which , event 1 or wc agree to pay the costs of wllettion, including a reasonabie atrorney's fee, arxl each of us, whether maker, guarantor or endorser, hereby severally waives demand, notice of rwn-Davmer?t and protest of this note. ~8/---- Cl~__C. Benton~_ Jr. . --tseai~ - --(Seal) - In the event any psyment is not made priw to tF+e 20th day of the mo~th when due, then this note shall bear interest at tt+e rate of 9. 25q6 from the date any such payment became due and throughout the period of wch delinquency. ~ State stamps paid and cancelled on original of this note in the amount of S------ 20•-70 NOW, THEREFORE, the MORT(',AGOR for the purpose of securing the payment of the said wm of S---13a7SO.Q0_____ t~ ~ performance of the covenants ar+d agreemenK hereinafter enpressed, and for divers good and valuable considerations, by these p.exnts, docs grant, barBain, sell, remise. release. convey and confimn ~to the MORTGAGEE its wttessors ar?d assigns. all that certain lot. piete or partel of ~ iand. situate, lying and being in the County of . S~~ .~+.~1.Ci.~ - and State of Florida. described as follows: t ~~~i~~ ~ '~a d Lots 12 and 13, and the South 20 feet of Lot 14, Block 6 of the revised plat of Lincoln Park No. 2 [)a r~ as recorded in Plat Book 4, page 77, of the Public Records of St: Lucie County, Florida. R~ ~ , . - , t~ y - ~f~ r ~ S _ 7h~s Ir#truz.~;M ~y~, _ ~1= ~~aa ~ M MIrYflR OF Tl~ P^~vto s. - JOH,~1 A. LESTEi~ ~ F s~ D~ 0(f C1~ASS'6' II~jA~l~lalE ~ER90P1A1 p~ppEQ First Fede?aI F Q~'~ 1111 ~~i TO pY1P1ER T1-134. ACiS Of 1971. ~`jr /1u'n ot ~:avings and ~oan O06ER ~OITRAS 2W5-14th Av~e. PR1~r C~~Y ~ v~ .t~ . C~n[ CIRCWI OouR~ sT. WCtE v o. ew~ ~ 209 ~0, F1A, Ve~o Beach, Fbrid~ 3296p ~Itli~Hlt ',i j together with all and singular the tenerr~ts, hereditaments and appu~tenances thereunto belonging or in anywise appertaining thereto, and t E all re~ts, issues, proCeeds and profits atauing and to acCnie from said premises, all of whith are i~tl~ded in thc above and fwegang de- ~ E scription and habendum. ~ ~ TO HAVE AND TO HOLD the above destribed and granted premises unto the said MORTGAGEE, its wctessors and assigns forever. , I And the said MORTGAGOR for_._hiS ~n~ ~~tors~ adrr?~nistrators and assigns, hereby covenants with the said MORTGAGEE, its wctes- sors and assigns, that____ ____.________he__ is _~____~aW~~~y of the said premises i~ fee simple; that the same are free, clear and dis- ; ~ charged from all liens and encumbrances in Isw w in equity, and that - he----- will and .._t?~$ he~rs shall warrant and defend the title to the same to the said MORTGAGEE, its wccessors and assigns, forever against the lawful claims and demands of all persons; PROVIDED. ALWAYS that if the MORTG/1CAR shall pay unto the MORTGAGEE the promissory note hereinbefore destribed, and shall truly. promptly and fully perform, discharge. exeaite, complete. comply with and abide by each and every the stipuletioru, agreements. conditions and tovenants of said promissory note and of this Mortgage, then this Mortgage and tF+e Estate hereby created shall cease and be ~ null and voi.1 ~ IT IS U~JDERSTOOD that the word "Mortgagoi' whether in ttw singular w plural anywF+ere in this Mwtgage, shall be singular if one only and shatl be plural jointly and severally if more than one, and that the word "Their" as used anywhe?e in this Mo?tgage shall be taken ~ to mean "his," "her." or "its." whereve~ the tor?text so implies or admits. Also, that wherever there is a refere.~te in the tovenants and ? agreements herein co~tained to any of the parties hereto, the same sF?all be construed to mean as well as the heirs, Iegal representatives, wc- ~ cessors and assigns (either wluntary by act of the parties or involuntary by operation of the law) ot the same and that the covenants herein containPd shall bind and the benefits and advantages inure to the respective heirs, legal representatives, wccessors and assigns of the parties hereto. . And said Mortgagors, for themselves and tF?eir heirs, legal representatives, successors and assigns, hereby jointly and severally cover+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 wndry wms of money payable by virtue of said promissary note, and this mortgage, each and every promptly on tF+e days respectively the same severaly becorne due. ~ ~ 2. To pay atl and si~gular the taxes, assessments. levies. liabilities. obligations and incumbnntes of every nature and kind now on ; said desCribed property, w that hereafter may be irt+posed, wffered, placed, levied, or assessed thereon or that hereaftcr may be levied or ~ assessed upon this Mortgage, or the indebtedness secured hereby. each and every, when due and payable according to law, before they be- come delinquent, and before any i~terest attaches or any penalty is incurred; and insofar as any thereof is of record the same shall be promptly • zatisfied and discharged of record and the original official'document (wch as, for i~sta~ce. the tax receipt or the satisfaction paper officially ~ - endorsed or certified) shall be plated in the hands of said MORTGAGEE within ten days next after payment; and in the event that any thereof ~ ~s not paid, satisfied and dixha~ged. sai~ MORTGAGEE may at any time pay the same or any part theteof without waiving or.affecting any ; eption, lien, equity. or right under w by virtue of this Mortgage, and the full amount of each and every such payment shall be immediatefy ; due and payable and shall bear interest from the date thereof until paid at the rate of 25 per centum per annum a~d together 4 with such interest shall be secured by the lien of this mortgaga 3. To place and continuously keep on the buildings now or hereafter situated on said land and on all equipment and penona~ty tov- ered by this mwtgage, with all premiums thereon paid in full, fire inwrante in the usual standard policy form, in a wm approved by tlx~ % MORTGAGEE, and romado inwrance in the usual stsndard poliry form,in a wm approved by the MORTGAGEE, in such company or companies ~ as the MORTG/1GEf may direct; and all fire and fornsdo inwrarKe policies on any of Said buildings, any interest therein or part thereof, in the ~ aggregate wm aforesaid w in excess thereof, sF?all contsin the uswl standard mortgagee ciause or wch other clause as tF+e Mo.tgagee may require, making the toss u~der said policies, each and every. payabk to said MORTGAGEE as its inte~est may appear, and each and every such policy shall be prwnptly auigned snd delivered ro and held by ssid MORTGAGEE ss fu?ther security to said mwtgage debt, snd, r+ot Iess than ten (10) days in sdvance of the explntian of ssth policy, to deliver to ssid MORTG/1GEE a renewal thereof, together with s receipt for Ifie premium of wth ~enewal; s~d the~e shsll bt no fire Or tOrnsdO insunnte plated on any of said buildings. any interest therein or part thereof, unkss in the form snd with the loss psysbN ss aforessid: and in the eve~t sny wm of money bccanes payabk under wch , .nwc-~oo-~-»•r~. } ~ooK 212 ~yL~ ~0~.6 '