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Home My WebLink About0451 TNIS INDENTURE, trtade the _?3rd... . Day of ~_~y. J_._ „ A. D. 19 73 , beh~etn VICTOR F. MASTRIANNI and MARY L. MASTRIANNI, hi~s wife . _ . . _ Palm Beach of _ Caunty, Fto~ida, hereinafter designared as the "MOR7GAGOR," a??d FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIpN OF INDIAN RIVER CCUNTY, a corporation organi:ed and existing undc~ the laws of the United States of Amcrica and havi~g its prinupal place of business in the City of Vero Beach, Ind~an R~ver County, florida, hereinafter des~gnated as ~he "h10RTGAGEE." WNEREp~ the pg TGACOR ~s usN d ~p the MORTGAGEE ~n ~hc sum of Thirty-five Thousand Five Huadred 8Rd_ riO~QU--------~5 y3~a~~•u~ pollars, good and tawfu! m:;ney o! the United States advanced by the ti10RTGAGEE unto the MORTGNGOR, as evidenced by a tertain promissory notc of eve~ date herewith, of wh~th the follow~ng in worAs and figures is a true topy, to-wir S 35,500.00 No. . . Vero Beach, Florida, . _ . MSy 23 _ ~q 73 For value received 1 or we jointly or severalty promix to pay to FIRST FEDERAL SAVINGS AN~ LOAN ASSOCIATION OF ItVDIAN RIVER COUNTY, the sum of S_ ~S.~QQ._QO_ at its office in Vero Beath, Florida, with interest at tF?e rate of 8s25 per cent per annum, in the followi~~ manner: ~ s__ 296 , 94__ _ upon the fi?st of each and every month hereafter until the full principal sum, with interest, has been paid; said ma?thty payments shall be applied first to the payment of interest on the unpaid balance, and then to the payment of principal. This note is negotiable and if defautt in payme~t otcu~s, may be placed in the hands of an attorney at law for collecrion, in which evenf 1 or we agree to pay the tosts of tollettion, incfuding a reasonabfe attorney's tee, and each of us, whether maker, guarantor or endorser, hereby severally waives demand, notite of non-pavme~t and protest of this ~ote. " ~sJ_ _ Victor_. F, Mastrianni__,___ _ _ ~ ~sj---.Mary_ L,_ Mastrianni - cs~au 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 9. 2 5 9(~ from the date any such payment became due and throughuut the period of such delinpue~cy. State stamps paid and tantelled on original of this note in the amount of s_.53.?S . NOW, THEREFORE, the MORTC,AGpR for the purpose of securing the payment of the said wm of S.--~Sa~-OQ•VQ.-~_ and the ~ ~e: formance of the cove~ants and agreements hereinafter expressed, a~d for divers good and valuable considerations, by these presents, does grant~ bargain~ sell, remise, release, co~vey and tonfirm unto the MORTGAGEE its successors and assigns, al! that certain lot, piece w parcel 04 land, situate, lying a~+d being in the Cou~ty of St._ LuC1EE and State of Ftorida, deuribed as follows: t i ~Q~s ~ Q~ N A parcel of land in the Southeast corner of Lot 34, ' v, ~ INDUSTRIAL SUBDIVISION, as recorded in Plat Book 9, ~ page S, St. Lucie County, Florida: Beginning at the ()'r,4 Southea~t corner of said Lot 34, run North along the East line of said Lot 34, 150 feet; thence run GTest parallel with the South line of said Lot 34, 120 feet; thence run South para11e1 with the East line of said Lot 34, 150 feet; thence run East 220 feet to the Q~ point of beginning; LESS AND ERCEPTING therefrom the ; ~z'~ ~ South 20 feet for road right-of-way. rn~5 ~~Sl.~:~:°~~ ~v,~ P.«,rp~, s, u+ ~ ~ JOH;~I .A. ~`_ST~C~ Qa'S First Fe::_ra, .r,r., t ~ ~.n L_ ~jc As:'n Of lr~::~tn 'r~.~r Ccunlr r v ~ - ~ _ ~~~5-Ia~~ At~e. P.O. B~Y t?G9 Vc•~ g, _.c. - - • together with all and singular the tenements, hereditaments and appu~tenantes thereunto belonging or in anywise appertaining thereto, and all rents, iswes, proteeds and profits accruing and to accrue from said premises, all of which are inctuded in the above a~J foregoing de- scription a~d habendurtl_ TO I-fAVE AND TO HOLD the above described and granted premises unto tFw said MORTGAGEE, its wccessors and assigns forever. And rhe said MORTGAGOR for their ~~n. ~~tors, administrators and assigns, hereby covenants with the said MORTGAGEE, its succes- sors and assi ~ tt,ar___. they are _ iaWf„n seized ~of the said p ; g, y p?emises in fee sim le; that the same are free, clear and dis- ~ ' charged from all ~ie~s and e~tumbrantes in law or i~ equity, and that th£y.__ wiil and theit _ he+rs shall wa~rant and ! defend the title to the same to the said MORTGAGEE, its suctessors and assign;, forever against the lawful claims and derrwnds ot all perso~s; PROVI~ED. ALWAYS tlwt if the MORTGACAR shall pay u~to the MORTGAGEE the promissory note hereinbefore described, and shall truly, promptly and fully perform, distharge, execute, complete, comply with and abide by each and every the stipulatio~s, agreements. ' conditions and'covenants of said promissory note and oE this Mortgage, the~ this Mortgage and the Estate hereby created shall cease and be i null and vnirl ~ IT IS UI~DERSTOOD that the word "Mortgagar" wi~ether in tho singutar or plural artywhere ~n th;s Mo.tgage. shall be singular if one ; only and shall be ptural jointly and severally if more than one, and that the word "Their" as used anywhere in this Mortgage shall be taken } ro mean "his," "her," or "its," wherever the context so implies or admits. , Also, thaf wherever there is a refere~ce in the covenants and ~ agreemenfs herein contained to any of the parties hereto, the same shall be tonstrued to mean as well as the heirs, legal representatives, wc- cessors and assigns (either voluntary by act of the parties or involuM.ary by operation of the law) of the same and that the covenants he~ein ( c.nfain2d shall bind and the benefits and advantages inure to the respective heirs. legal representanves, successors and assigns of thc ~ parties hereto. ~ And said hlortgagors, for themselves and their heirs, legal representatives, successors a~d assigns, hereby jointly and severally cove~ant ~ and agree to and with the said MORTGAGEE, its successors and assigns: ~ l. To pay all and singular the principal and interest and the various and sundry sums of money payable by vi:ru° of said promi;s~ry ~ ~ote, and this mortgage, each and every promptly on the days respect~~e(y the same severally become due. i 2. To pay alf and singuiar the taxes, assessments, levies, lia5ilities, obligatiorts and intumbrances of every nature and kind now o~ said described prcperty, or that hereafter may be imposed, suffered, placed, levied, or assessed thereon or that hereattcr may be lev~ed or _ assessed upo~ this Mortgage, or the indebtedness secured hereby, each and every, when due and p~yabte acwrding to faw, befo.e they be- c~me delinquent, and before any interest attaches or any penalty is incurred; and ~nsofar as any thereof is of record the same shall be promptly p sat~sfied and dixharged ef retord and the original officia~ document (such as, for instance, the tax receipt or the satisiaction paper officiatly endorsed or certifiedl shafl be placed in the hands of said MORTCAGEE within ten days nexf after payment; ar+d in the event that any thereot # ~s not paid, satisfied and dixharged, s,aid MORTGAGEE may at any time pay the same or any part thereof without waiving or affetting any ! eption, lien, equity, or right under or by virtue of this Mortgage, and the fuli amount of each and every such payment shatf be immediateiy : due and payable and shall bear interest f?om the date the~eof until paid at the rate of 2S per centum per annum and tcgether ? .v~th such interest shali be secured by the liers of this mortgage. ' 3. To place and continuously keep on .tF~e buitdings now or hereafter situated on said land and on all equipment and pe~sonalty cov- ~ ered by this mortgage, with ail premiums thereon paid in full, fire insurante in the usual standard pol~cy form, in a sum approvcd by the - ~.10RTGAGE~, and tornado insurante in'the usua) standard poliq form,in a sum approved by the MORTGAGEE, in sucF~ company or companies ~ : s the MORTGAGEE rttay dirett; and all fire and tornado insurante policies on any of said buifdir.gs, any interest therein or part thereof, in the ` aggregate sum aforesaid or in excess thereof, shall contain the uwal standard mortgagee clause er such- other ttause as the Mortgagee may ~eauire, making the loss under said policies, each and every, payable to said MORTGAGEE as irs interest may appear, and each and every ~ such polity shall be promptly assigned and delivered to and held by said MORTGAGEE as fu~ther security to said m~rtgage debt, and, not > !^ss than ten (10) days in advance of the expiration of each policy, to deliver to said MORTGAGEE a renewal thereof, together with a reteipt ~ for fhe premium of such renewal; and there shall be no tire or tomado insurance plated on any of said buildmgs. any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any wm of money becomes payable under wch 1 AC.1 Y-~-1l-1~~ ~ ao~K2i5 PACE 449 a t i ~ - - - ~ , ~ ~ ~ ~ ~ ~ Iu ~ ,~'~`3~, r ~ - ~ -b ~ -~~m~~~~: v, ~ _ , ~