HomeMy WebLinkAbout2392 ~ - 25'7'~SS ~D ~
THIS INDENTURE, Made the 25th _ Day of . - . . . ..June---- - - . - , D. 19 73~, between
JOHN A. LESTBR and CHRISTIE R. LESTBR, his wife
of St, Lucie County, Florida, hereinafter designated as the "MORTC,AGOR," and FIRST FEOERAL SAVINGS AND
IOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation o~ganized and existing undcr IF+e laws of the (Jnited States of Amcrita
and hav~ng its princ~pal place of business in the City of Ve~o Beath, Indian River County. Florida, hereinafter designated as the "MORTGAGEE."
y/HEREAS ~he MORTGI~CAR ~s juscly indebted to the MORTGAGEE i~ ehe wm of Forty-three Thousand_ and
ri0~1~0~-~~-~~~~~~~ ~~(S43~D~Q.~Q --1 Do~~ars, good a~d lawful money of the United States advanced by the
MORTGACEE unto the MORTGAGOR, as evidenced by a certain p~omiuory note of eve~ date herewith, of which the followinQ i~ wo.ds
and figures is a true copy, to-wit:
s 43 , 000 . 00 tvo. . _
vero Beach, Fio?~ds, _ _ . June 25, 19 _73 ~
Fo~ value received 1 0~ we jointly or severally promise to pay to FIRST FEDERAL SAVINGS /1ND LOAN ASSOCIATION OF INDIMI
RIVER COUNTY, the sum of : 43~000.00 at its office in Vero Beach, F~orida, with interest at the rate of $..25
per cent per annum. in the followin~ manner:
339.04__ t?~ first of eath and every m~th hereafter until the iull prinzipal sum, with interest, has been paid; said
monthly payments shall be applied first to the payment of interest on the unpaid bala~ce, and then b the payment of pri~tipal,
This note is negotiable and if default in payment octurs, may be p~aced in the hands of an attomey at law for col~ection, in which
event 1 or we agree to pay the costs of collection, including a reasonable attorney's fee, and each of us, whether maker, guarantor or e~dorser,
he~eby severally waives demand, notice of non-oavment and protest of fhis note.
~s[----John__A._ Lester . ._l5eau
/s/_____Christie_ R,__Lester_ _ _ . __c5eau
tn the event any payment is not made prior to the 20th day of the month when due, then thij note shall bear interest at the rate of
9. 25q(~ from the date any such payment became due a~d throughout the period of such delinquency.
State stamps paid and cancelled on original of this note in the amount of S._ 6~!.5~ -
000 _00._--__
NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said wm of S-- snd the
Nerformance of the covenants and agreements F+ereinafter expressed, and fw divers good and valuable considentions, by these presents, doos
grant, bargain, sell._remise, release, convey and confirm unto the MORTGAGEE its successors and assigns, all fhat tertain lot. piece or partel of
land, situate, lying and being in the Counry of ._$t• LuC~e and State of Florida, destribed as follows:
Lot 30, Block 31, Un3t 4, Lakewood Park Subdivision,
as per plat on file in Plat Book 11, Page 2, of the
Public Records, Saint Lucie County, Florida._
1t~N ~rtsrrument was P.eparcd Ey
J. D. BAKER, JR.
0 First Ftderal Savings and Lwn
~ ~ r~~ Ass'n of India~ River Ccuntv
~ ~ ~ ~ 2045-14th Ave. P.O. Box 12G~ ,
n~~„ ~is ~ l~~L y~, Vero Be:ch, Ftorlda ~~;60
'
' ~OQ /'OI~ItlIS
i aHl~ ~ tiOUitT. ST. t~IC1E D0, FUb
k .
~ together with all and singutar the tenements, hereditaments and appu~tenances thereunto belonging or in anywise apperiaining thereto, and
E all rents, issues, proceeds and profits accrui~g and to accrue from said premises, all of which are inctuded ~n the above and foreg~ing de-- _
i scription and habendum.
9 TO HAVE AND TO HOLD the above destribed and granted premises unto the said MORTGAGEE, its suctessors and assigns forever.
And ~he said MORTGAGOR for their~~~, executors, administrators and assigns, hereby covenants with tFx said MORTGACEE, its wcces-
scrs and assigns, char __.__they_.are_ ____________iar„f~uY se;Zed of the said premises in fee simple; tFwt the same are free, clear and dis-
4 charged from all liens and encumbrances in law or in equity, and that they r,~;~~ a~ . their _~;,s ~11 warra~t and
~ defend the title to the same to the said MORTGAGEE, its suttessors and auigns, forever against the lawful claims and demands of all persons;
~ PROVIDE~. ALWAYS tFwt if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and
~ shali truly, promptly and fully perform, discharge, execute, tomplete, comply with and abide by each and every the stipulations, agreeme~ts.
conditions and covenants of said promissory note a~d of this Mortga~e, then this Mortgage and the Estate hereby treated shall cease and be
~ null and voi+1
IT IS U~~DERSTOOD that the word "Mortgagcr" whether in tt?w singular or ptural anywhere in this Mortgage. shall be singular if one
~ only and shall be plural jointly and severally if more than one, and that the .wrd "Their" as used anywhere in th~s Mortgage shall be takcn
to mean "his," "her," or "its." wherever the co~text so implies or admits. A1so, tFsat wherever there is a reference in the cwenants a~d
agreements herein contained to any of the parties hereto, the same shall be construed to mean as weli as the heirs, legal representatives, wc-
~ cess~rs and assigns leither voluntary by act of the parties or involuntary by operation of the lawl of the same and that the covenants he~ein
c~ntained shall bind and the benefits ~nd advantages inure to the respettive heirs, legal representat~ves, successors and assigns of thc
~ part~es hereto.
And said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jointly and severally covenant
and agree ro and with the said MORTGAGEE, its sucsessors and assigns:
~ 1. To pay all and singular the principal and inte~est and the various and sundry sums of money payable by virtu~ of said promissory
rote, and this mortgage, each and every p?ort?ptly on the days respectively the same severally become due.
- 2. To pay all and singular the taxes, assessments, levies, lia5ilities, obligatioru and i~umbrantes of every nature and kind now on
said dexribed property, or that hercafter may be imposed, suffered, placed, levied, or assessed thereor? or that hereaftcr may be levied or ,
assessed upon this Mortgage, er the indebtedness secured hereby, each and every, when due an~ payable according to law, before they be-
= c~rrM delinquent, and before any interest attaches or any penalty is incurred; and insofar as any thereof is of +etord the same shall be promptly
~ satisfied and discharged of record and the original official document (such as, for instance, the tax receipt or the satisfaction paper officially
endorsed or certified) shall (se placed in the hands of said MORTGAGEE within ten days next after payment; and in the event that any thereof
is not paid, satisfied and discharged, sai~ MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting any
~ eption, lien, equity, or right unde~ or by virtue of this Mortgage, and the full amount of each and every such payment shall be imm~ateiy
due and payable and shall bear interest from the date thereot until pa~a at the rate oi a.Lj per cenium per annurr, e~~u iogc:~Kr
r=~ wrth such interest shall be secured by the lien of this mortgage.
3. To plate and continuously keep on the buildings now or hereafter situated on said land a~d on all equipment and personalty tov-
ered by this mortgage, with all premiums ihereon paid in ful{, fire insurance in the usual standard policy form, in a sum approved by tl.~
MORTGAGEE, and tornado insurance in the usual standard policy form,in a sum approved by the MORTGAGEE, in suth tompany or Companies
~s the MORTGAGEE may direct; and all fire and tarnado insura~ce policies on any of said buiidir.gs, any interest therein or part thereof, in the
aggregate wm aforesaid or in excess thereof, shall contain the uwal standard mortgagee ciause or such other tlause as the lVlortgagee may
require, making the loss under said policies, each and every, payable to said MORTGAGEE as its inrerest may appear, and each and every
such policy shall be promptly assigned and deliJered ro and held by said MORTGAGEE as fu~rhe~ security to said mortgage debt, and, not
~ ~ess than ten (10) days in advance of the expiration of each poliq, to deliver ro said MORTGAGEE a renewal thereof, together with a receipt
~ for the premium of such renewal; a~d there shall be no fire or tomado insurarxe placed on any of said buildings, any interest therein or
F:
part thereof, u~less in the form and with the loss payable as aforesaid: and i~ the event any wm of money becomes payable under wch
~
rruc.~w.s_».v~~
~ S~C! ~.t5 r^r t'~
~ -
; ~
~ _ . . s - - . _ ~