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Home My WebLink About0711 ~ 0 ~546~9 A ril . . THIS INDENTURE, Made the 3.----. Day of , A D. 19 73, between , - . ~IILLIAM. H.. HEARN _and __MILDRED__J.. HEARIY, ._h3,s__v~t~,f'~- - - . . - ~ . , of ?St. Lucie-- c.a,~ti. Florids; hereinafter desi~nated as the "MORTG/1GOR," a~d FIRST FEOEftAI. S/1VttVG$ /?ND. LOMI /1SSOCIATION OF INDI/lN RIVER COUNTY, a torporation organi:ed snd existing under the taws ot the United Ststes of /lmerita and having its printipal plxa of business in the City of Vero 6eath. Indian Rivar County, Florids, hereinafter desig~ated as the "MORTC/1GEE." WHEREAS the MORTG/~GOR is ju~tlY indebted to the MORTGAGEE in the wm of Twenty. One_ Thousand Three._Hundred ~and no/~i1.V~-- 'c~1..r3~Q~Q~llars, good and lawful ma?ey oi the Urited States advanced by the MpRTGAGEE unto the MORTGACOR, as evidenced by s certain promissory note of even date he~ewith, of which the followi~~ in words and figures is a true Copy, tawit: s 21, 300 ..oo No. - - - - Vero Beach, Ftorida, . . April _ 30 19 . 73 • - - - - - For value received I or we jantly or severally pranise to pay to FIRST FEDERAL SAVINGS MID LOAN ASSOCIATION OF INDI/1N RIVER COUNTY, the sum of 21 i_~OO ._QO at its office i~ Vero Beach, Florida, with interest at the rate of _ 7.. 7~j - per cent pe~ annum, in the followin~ manner s.a.7~...5,7_5,2._,___ upon the first of each and every month hereafter until the full principal sum, with inte~est, has been paid; said monthly payments shall be applied fi?st to the payment of interes~ on the unpaid balance, and then ro the payment of principsl. This rwte Fs negotiable and 'ef default In payment occurs, may be placed in the hands of an attorney at law fa collection, in which event I w wa agree to pay the tosts of collection, including a reasonabte attorney's fee, and each of us, whether maker, guarantor or endorser, hereby severally waives demand, ~otite of no~-oavrtient and protesf of lhis note. lsj_ William H_. __Hearn--- -t~aq ~s~--Mi.1~r~d~-~---~~?'??-- - -.cs~a~~ ~ I~ the event a~y payment is not made prior to the 20th day of the mo~th wt~eo due, then this note shal! bear inlerest at the rate of ~.~~Xi from the date any such payment became due and tfiroughout the period of such delinquency. State stamps paid and cancelled on original of this note in the amount of s__._~1 e~r? . NOW, THEREFORE, the MORTGAGOR for the purpox of secu.ing the payment of the said wm of S-_21 ~.3~Q~ QQ___ and the ~serformance ot the cove~wnts and agreements hereinaher expressed, and fw divers good and valuable cortsideations, by these presents, does grant. ba~gain, seU, remise. rekase. convey and tonfi?m unto the MORTGAGEE its wccessws and assigns. alt that certain lor~ piece or parce! of land, situate, lying and being in the Couoty of I,~j,~---------- - and State of Florida. destribed as foliows: From the intersection of the North line of Lot 9,Russell Estate, Plat Book 1, page 7, as recorded in the public records of St. Lucie County, Florida, and the West rigk~t of way line of U.S. Highway No. l, run Southeasterly along said West right of way 13ne 182 feet to the point of beginning; thence continue Southeasterly along West right of way line of U.S. No. 1,70 feet to a point; thence on a back angle of 88 degrees 30 minutes run Southwesterly 136.2 feet to the East right of way line of Ridgehaven Road;~thence run North- westerly along said East right of way line 65 feet; thence run Northeasterly 1~1.6 feet to the point of beginning; said land lying and being in Section ~ 28, Township 34-South, Range 40 Ea,st J~~ This instrument was prepared by: ~ RECEiYED •'""':~iT OF TAXES pUE p11 CLASS'C tNTANGIBIE PER80YAl PROPER(Y. Joann M. Locke ~u~T To c~?fa ~l-l~t. ~s o~ lyil~~ First Federal Savings & Loan Assn. tc~ocm rotrw?s ~ of Indian River County p,~wc c+~curr cou~, sr. tucif oo. tu 2045 - 14th Avenue, Vero Beach~~l~,o together with atl and singular the tenernents, hereditaments and appurtenantes thereunto belonging or in anywise appertaining theret rid' all rents, issues, proceeds and profits accruing and to accrue from said premises, aIl of which are included in the above and forega~g de- scription and habendum. TO HAVE AND 70 NOLD the above dexribed and granted premises unto the said MQRTGAGEE. its wccessors and assigns forever, And the said MORTGAGOR for .txl~,~~?ieirs, execuYors, administraton and ass+gns, hereby tovenants with the said MORT(',AGEE, its wcces- ' sors a~d assigns, r?~r____ ~1~ey__ ,a~x~________~____~w~,~y seized of the said premises in fee simple; that the same are free, clear and dis- charged from all tierts and encumbrances in law or in equiy, and that thBy____. w~ll and _._~".rLP.3T_ - heirs shatf wanant and ; defend the title to the same to the said MORTGAGEE, its successors and ass;gns, forever against the lawful claims and demands of all persons; i PROVI~ED, ALWAYS that if the MORTGACAR shall pay unto the MORTGAGEE the promissory note hereinbefwe destribed, and ; shall truly~ promptly and fully perform, discharge, execute, complete, comply with and abide by each and every the stiputations, agreements; ~ conditions and covenants of said promissory note and of this Mortga~e, then this Mortgage and the Estate hereby created shall cease and '~e ` null and veirl ; IT IS UtJDERSTOOD that the word "Mortgagor" whether in tFw singular or plural anywhere in this Mortgage, shaN be sFngular if one ~ onty and shall be ptural jointly and severally if more ihan one, and that the word "Their" as used anywhere in this Mortgage shall be taken ~ to mean "his," "her," or "its," wherever the context so implies or admits. Also, that wherevec there is a refere:~te in the cove~wnts and ~ agreements herein contained to any of the parties hereto, the same shatl be construed fo mean as we11 as the heirs, legal representatives, wc- ~ cessars and assigns (either voluntary by att of the parties or involuntary by operation of the law) of the same and that the covenants herein c~ntain2d shall bind and the be~efits and advantages inure to the respective heirs, tegal representat~ves, successors and assigns of the j aartie5 ltereto_ ~ And said Mortgagors, for themselves and their heirs, legal representatives, stxcessors and assigns, hereby jointly and severally covenant i and agree to and with the said MORTGAGEE, its suctessors and assigns: ~ To pay a!I and singular the p~irxipal and interest and the various and wndry wms of money payable by virtue of said promissory r.ote, and this rtwrtgage, each and every promptly on the days respectively lhe,same severally become due. 2. To pay all and singular the taxes, assessments, fevies, lia5ilities, abtigatiau and i~cumbrances of every nature and kind now on ~ said desc?ibed prcperty, or that hereafter may be imposed, wffered, placed, levied, or assessed thereon or that hereaftcr may be le~ied or assessed up~:n this Mortgage, or the indebtedness setured hereby, each and every, when due and payable according to taw, before they be- c~me definquent, and before any interesr attaches or any penalty is incurred; and insofar as any thereof is of record the same shall be promptly ' satisfied and diuharged of retord and the original offitial dotument twch as, for instance, the tax receipt or the satisfattion paper officially ~ endorsed or certified) shall be plated in the hands of said MORTCAGEE within ten days next after payment; and in rhe event that any thereof ' is not paid, satisfied and distharged. said MORTGACEE rtwy at any time pay the same or a~y part thereof without waiving or affecting any ` option, lien, equi or ri ht under or b virtue of this Mort a e, and the full amount ot each and eve sucF+ ; tY.. B Y 6 B ry paYment shatl be immediateiy s due and payabte and shall bear interest from the date thereof until paid at the rate of 7~ 75 per centum per annum and togethe. f with such interest shall be secured by the lien of this mortgage. ! 3. To place and co~tinuously keep on the buildings now or hereafter situated on said lsnd and on all equipment and persona+ty cov- : ered by this mortgage, with alt premiums thereon paid in full, fire inwrance in the usual standard polity form, in a sum approved by thc a MORTGAGEE, ar?d tor~ada inwrance in the uwal standard policy form,in a wm approved by the MORTGAGEE, in wch canpany or companies as the MORTGAGEE may dirett; and all fire and tornado inwrance poticies on arry of said buiidin.gs, any interest lhe~ein or part ihereof, in the ; aggregate wm aforesaid w in excess thereof, shall contain the uwal ;randard mortgagee t{ause oS wch other clause as the Mortgagee may ` .equ;re, making the loss under said policies, each and tvery, paYable to said MORTGAGEE as its interest may appear, and each and every ; such policy shafl be promptly assigned and de6vered to ar+d held by said MORTGACfE as further seturiry to said mortgage debt, and, not ~ !ess than ten (10) days in advance of the expiration of each policy, to celiver to said MORTGAGEE a renewal thereof, together with a reteipt for the premium of wch renewal; and there shall be ~o fire w tomado insurance placed on any of said buildings. any interest therein or 4 part t.`~ereof, unless in the form and with the loss payabk as afaresaid; and in the event an wm of mon betomes y ey payable under such i . s r~ereG-tu-1-7f.~~? ~ ~ ~ BOOK r~~,;t ! 3 ~ _ ~ ~ v ~ ~ , z ` ~ - ; ~ ° ; . _ ,#~,>h:~