Loading...
HomeMy WebLinkAbout2489 ~ ~ . 5 . THIS INDENTURE, Made the ~~Rd Day of . ~y- - , A D. 19 between • . . _ . S~A~RON .8. ,JOHNSON , JR...and CAROI. A. _,~ObN&QN,:_ his _~i,f~ . _ of St. Lucie ~a,r,ry~ Flwids, he~a(nafter desia~ated as the "MORTWIGOR," 'and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDI/1N RIVER COUNTY, a torporation organised and existing undcr ~he laws of the United States of Amcrica and having its printipal place of business in the City of Vero Beach, Indian River Gounty. Florida, hereinafter designated as the "MORTG/1GEE" WI-iER~~S ~he MORTGAGOR is justlx L+de~t~~p~, the MORTGAGEE in the sum of N~.riete~p ~'hous~nd _N~n~ _Hundx'ed and no/tuu__ (s }9~yUlls~1~1__.__ Dottars, good and tawful money o1 the United States advanted by tFw MORTGAGEE unto tF+e MORTGACAR, as evidenced by s certain promiuory ~ote of eve~ date herewith, of which the fotlowinQ in words and figures is a t?ue copy, tawit: - S 19, 900.OQ t~o. _ _ _ . . . Vero 8eath, Florid~. . . - --~Y_ 22a - - _ . 19 73. Fo~ value ?eceived I or we jointly or severally promise to pay to FIRST FEDERAI SAVINGS /1ND LOAN ASSOCI/1TION OF INDIAN RIVER COUNTY, the sum, of S 19?~QO.~__ at its office in Vero Beach, Flaida, with interest at the rate of 8- pe~ cent per arnum. in the followin~ manner. . s.__._?66.57 ~p~ the Hrst of each and every month hereatter until tF+e full principal wm, with interest, has bee~+ paid; said monthly payments shall be applied first to the payment of interest on the unpaid balance, a~+d then to the payment of printipal. This note is negotiable and if default i~ payment otcurs, msy be placed i~ the ha~ds of an attorney at law fo~ colfettion, in which event I or we agree to pay the costs of collection, intluding a reaw~+able attwney's fee, and each of us, whether maice~, guarantor o~ endorser, here~y severally waives demand, notice of non-oEVme~t and protest of this note. _ /s% _Seabron B. Johnson,~__Jr. __~~ap _-_/s/---Carol_ A._ Joht~son-- - . _(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 the rate of Q_96 from the date bny suth payment became due and throughout the period of such delinquency. State~stamps paid ahd tancelled on wigi~sl of this note in the amount of s.__~~..85 . NOW~ THEREFORE, the MORTGAGOR ~fo~ the purpose of securing the payment of the said wm of S___.19:900.00_____ and the Nerfomnance of the covenants and agreements hereinaher expressed, and for divers good and valwble considerations, by these presents, does grant. bargai~. sell, remise, release, convey and tonfimn W?to the MORTGAGEE its successors and assigns. all that certain I~, piece o? parcel of land, situate, lying and being in the County of .___$t. .Ii1C~.£ - and State of Ftorida, described as folbws: Lot 13, Block 162, IAKBWOOD PARK, UNIT # 12, as per plat of same recorded in Plat Book 11, Pages 26A ~ 26B, Public Records of St. Lucie County, Florida. Said land now lying and being in St. Lucie County, Florida. i ,3 q . ~ _ ir. o,f - ~ •~'«r~ This Irutr~nf W;,S preparcd By ~ INIANGIBLE ~ f ' - " ty! i. p~ o~ c~ q~1Ea na~. ~~s oF ~ J. BAKFR, JR. P~j ~l rORW?S ~ Fir>t F:~:'c,;t _ . C-~n / ~ $T. ~ A,s'n ^~r I- _ . '6 ~ 2n~1.~~ . f~'. ~ Vcr_ _ , , . _ . f together with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining thereto, and ~ ali rents, issues, proceeds ar?d profits accruing and to accrue from said premises, all of which are included in the above and foregang de- scription and habendum_ ~ TO HAVE AND TO HOLD the above described and granted premises unto the said MORTCAGEE, its wctessors and assigns f~rever. And rhe said MORTGAGOR for . their ~~n, executo?s, administrators and assigns, hereby covenants with the said MORTGAGEE, its succes- ttl@ are _ ~ar„~,i~ premises in fee sim , sors and assigns, that_____________._ y seized of the said ple• that the same are free, clear and dis- charged from all liens and encumbrances in law or in equiry, and that . _-tll~y will and th@~Y'._._ . heirs shall warrant and defend the title to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful claims and demands of all persons; PROVIDED. ALW/1Y5 that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and shall truly, promptly and fully perform, discharge, execute, comptete, compty with and abide by each and every the stipulations, ag.eements. conditions and covenants of said promissory note and of this Mortgage, then this Mortgage and tF+e Estate hereby created shall cease and be null and vo~~1 IT IS U~IDERSTOOD that the word "Mortgagor" whethe~ in tFr~ singular or plural anywhere in this Mortgage. shall be singular if one only and shall be plural joi~tly and severally if more tha~ one, and that the word "Their" as used anywhere in th~s Mortgage shall be takcn ro mean "his." "her," or "its." wherever the context so implies or admits. Also, that wherever there is a refere.-~ce in the covenants and agreements herein contained to any of the parties hereto, tF+e same shall 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 tf~at the covenants herein c^ntainzd shall bind and the benefits and advantages inure to the respective heirs, legal represe~tat~ves, successors and assigns of the parties hereto. And" said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jointly and severally covenant and agree to and with the said MORTGAGEE, its suctesso?s and assig~s: 1. To pay all and singular the pri~cipal ar?d interest and the various and wndry wms of money payable by vinus of said promissory note, and this mortgage, each and every promptly on the days respect~~ely tF?e same severally become due. 2. To pay all and singular the taxes, assessme~ts, levies, liabilities. obligations and incumbrances of every nature and kind now o~ said described property, or that he?eafter may be imposed, wffered, placed, levied, or assessed thereon or that hereafter may be levied or ~ assessed upon this Mortgage, or the i~debtedness secured hereby, each and every, when due and payable according to law, before they be- ~ c~me delinquent, and before any interest attaches w any penalry is incurred; and insofar as any thereof is of retord the same shall be prompNy satisfied and dixharged of record and the original official document (such as, for instance, the tax reteipt or the satis(action paper officially endorsed or certifiedl shalt ~e placed in the hands of said MORTGAGEE within ten days nezt after payment; and in the event that any thereof is not paid, satisfied and dixharged, said MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting any optian, lien, equity. o? right under or by virtue of this Mortgage, and the full amount of each and every such payment shatl be immediate~y due and payable and sha~! bear interest from the date thereof until paid at the rate of 8 per centum per annum and together ~ with such interest shall be secured by the lien of this rtwrtgage. 3. To place and continuously keep o~ the buildings now or hereafter situated on said land and on all equipment. and pe~so.?a~ty cov- ered by this mortgage, with all premiums thereon paid in full, fire inwrante in the usual standard polity form, in a wm approved by IF+~ - MORTGAGEE, and tomado insurance in the uwal standard poliq form,in a wm approved by the MORTGAGEE, In such tompany or companies as the MORTGAGEE-may dirett; and all fire and tornado inwrante poticies on any of said buifdir.gs, any interest therein or part thereof, in the aggregate wm aforesaid or in excess thereof, shall contain the uwal standard m~rtgagee ciause or such other tlause as the Mortgagee may require, making the lou under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every such poliq shall be promptly assigned and delivered to and held by said MORTGAGfE as fu~t~,er security ro said mo.tgage debt, and, not less than ten (10) days in advante of the expiratio~ of each poliq. to deliver to said MORTGAGEE a renewal thereof, together with a receipt for the premium of s~th renewal; and there shall be rv~ fire o? tomado insurance placed on any of said buildings, any interest therein Or part thereof, unless in the form and with the lou payabk as aforesaid; and in the event any wm of mo~ey becanes payable under such I/IIIG-tM-~.11-t/~~ d lp ~~0! ~~'t ~AGt ~ `i ~ ~ ~ _ y : ~ . z ~ s ; `a',`~'~__.