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HomeMy WebLinkAbout2595 . ~~78~~ ~ THIS INDENTURE. Made the ..22__. _ ~ay of . . _ --.-_`~E•_ . D. 19~T3 , berween _ _MI~DRED J. TAUB, . PAUL L. THOt~SON_ AND SUSIE C, THOI~'SON, his wife _ of ~t ~,ucie Cou~ty, Florids, hereinafter desiQnared as the "MC?RTGACOR," and FIRST FEDERAI SNVINGS AND l0/1N ASSOCIATION OF INDIAN RIVER COUNTY, s corporatio~ organi:ed and existing undcr the taws of the United States of Amc.ica and lwving its printipal plate of busi~est in the City of Vero 6eaCh, I~dian Rive~ Cou~ty, Florida, hereinaftC~ designated as the "MORTGAGEf." WHEREAS the M R GOR is justly i~e,~ zed t ths MORTGAGEE in the sum of `~Y'ee T!'10LiSetlld TWO H1111(~Y'ed -8Y1C~ -IIO~1~----- (s 3~GW_.~ poltars, good and lawful money of the United States advanced by the MORTGAGEE unto the MORTG/IGOR, as evidenced by a tertain promissoryr note of eve~ date herewith, of which the follo.vin~ in words a~d fiQures is a true topy, to-wit: 53.,200.00 No. . Ve?o Beach, Florids, - - . ~N~ 22 . - - . . 19 ~3 , For va~ue reteived 1 or w~e jointly or severatly promiu to pay to FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S_3i2Q0•QQ-__ at its office in Vero Beath, Florida, with interest at the rate of ?.5 _ per ce~t per annum, in the followin~ ma~ner: 5----~~ upon the first of eaCh and every rtwnth hereafter until the iull print+pal sum, with interest, has been paid; said monthly payme~ts shall be applied first to the payment of interest on the unpaid balance, and then to the payrr?e~t of principaf. This note is ~egotiable and if default in payment occurs, may be ptaced in tF+e hands of an attomey at law for tollettion, in which event ! w we agree to pay the costs of collection, intluding a reasonable attorney's fee, and each of us, whether maker, guarantor or enciorser, hereby severally waives demand, notice of non-oavment a~d protat of this ~ote. Ls~ PAUL L. THOMPSON (Seal~ ~S~_ MILDRED- `T'-- TA[TB---- _ - - - (SeaU !S~ SUSIE C. THOMPSON (Seal~ - - -t5eau In the event any psyment is not rtwde p~ior to the 20th day of the month when due, then this note shall bear inte~est at the rate of $.~96 from the date any such payment became due a~d througtaut the period of such delinquency. State stamps paid and tancelled on origir+al of this note in the amount of S~-~ - NOW, THEREFORE, the MORT'GAGOR for the purpose of securing the payment of the said wm of S-.~s2~•~_ and the ~~erfomwnce of the covenants and agreements t+ereinafter expressed, and for divers good and valuable tonsiderations, by these presents, does grant. ba~gain~ sell, remise, release, convey and tonfirm unto the MORTGAGEE its successors and assigns, all that certain lot, piece or parcel of land, situate, lying ar+d being in the County ot $t~ l.?]1ClB and $tate of Florida, described as follows: Lot 3, according to Plat of Re-subdivision of the West half of Block 1 of a Re-subdivision of Fairmaur Park, which said ~ plat was filed May 10, 1946, and recorded in Plat Book 8, page 8, public records of St. I,ucie County, Florida. . ~ ~ . ,t.~ sY ~ _ t~R.~:EiH ~U ~ r - M1 t~' i.itS: F_ .R~t SA'JINGS AND l0/?N ~ Ayy~ pF tttOUW RIVER COU1i[Y 01~ ON C~JI,~S 'C' IIQAINIM~ ~110P~1 ~ ~S(WiT W dl~ER 11-134. AI~S Of 1471. 40aS-1tM~ w~ flORlpl~`OX 1409 ~6ER PQfTRAS vqt0 ~EACN. 31t~Q, w~lM( f/V~l~s ~ WY ~ Mi~M ~ together with all and singular the tenements, hereditaments and appuitenantes thereunto betonging or in anywise appertaining thereto, and atl rents, issues, proceeds and profits accruing and to accrue from said premises, all of which are included in the above artd foregoing de- striptiorf and habe~dum_ TO HAVE ANU TO HOLD the above described and granted premises unto the said MORTGAGEE, its succeuors and assigns forever. Md the said MORTGAGOR for .t,~1T_-heirs, exetutors, administrators and assigns, hereby covenants with the said MORTGAGEE, its succes- ~ sors and auigns, thar___ ___they.._are___ ___________,___~,WfuuY se;:ed of the said premises in fee simple; that the same are free, clear and d~s- I~ cha?ged frwn all liens and encumbrantes in law or in equity, and that they r,,;ii a~ their _~;~s shall warrant and j defend the title to the same to the said MOR7GAGEE, its successors and assigns, forever against the fawful ctaims and demands of alI persons; PROVIDED. ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and shall t?uly, promptly and fully perform, discharge, exetute, tomplete, comply with and abide by each and every the stipulations, agreements. canditions and covenants of said promissory note and of this Mortgage, then this Mortqage and the Estate hereoy created shatl cease and be ~ nu{I and voi.l IT IS U~JDERSTOOU that tF?e word "Mortgagor" whether in tFw singular or plural anywhere in this Mortgage, sF+all be singular if one only and shall be plural jointly and severally if more than one, and that tne word "Their" as used anywhere in th~s Morrgage shall be taken to mean "his," "i+er," or "its." wherever the context so implies or admits. Also, that wherever there is a refere~ce in the tove~nants and agreements herein contained fo any of the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, wc- cessors and assigns (either vofuntary by act of the parties or involuntary by ope.ation of the law) ot the same and that the covenants herein contain~d shall bind and the bene}its and advantages inure to the respettive heirs, legal representat~ves, successors and assigns of th~: part~es hereto. ~ And said Mortgagors, tor themselves and their heirs, lega! representatives, successors and assig~s, hereby jointiy and severally covenant and agree to and with the said MOR7GAGEE, its successors arid assigns: r 1. To pay all and singular the principal and interest and the various and sundry sums of nwney peyabie by virtue of said promi;s~ry E note, and this rrartgage, eath and every promptly on the days respectively the same severally become due. ~ 2. To pay all and singular the taxes, assessments, levies, liabilities, obligatia~s and intumbrances of every nature and kind now on t said described property, or that hereafter may be imposed, suffered, placed, levied, or assessed thereon or that hereatrcr may be lev;ed 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 interest attaches or any pena{ty is incurred; and inso~ar as aRy thereof is of record the same shall be promptty satisfied and diuharged of retord and the origir?al off'rc+al doturt'?en! tsuch as, for instanCe, the tax receipt or the satizfaction paper oflicially endorsed or certified) shall be 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 distharged, sai~ MORTGAGEE may at any time pay the same or any part thereof without waiving or affecting a~y option, l;en, equity, or right under or by virtue of this Mortgage, arr,f the full amount of each and every such payment shall be immediateiy due and payable and shall bear interest from the date thereof until paid at the rate of 'l ,~j per centum per annum and togethe~ ~ with such interest shalt be secured by the lien of this mortgage. t 3. To place and continuously keep on the buildings now or hereafter situated on said land and on all equipment and personaity co~- ered by thii mortgage, with all premiums thereon paid in fult, fire inwrance in ihe usual standard pol~cy form, in a sum approved by thc ~ i~tORTGAGEE, and tornadu inwra~xe in the usual standard poliry form,in a wm approved by the MORTGACEE, in such company o. companies ~ as the MORTGAGEE may direct; and all fire a~d tornado insurante policies on any of said buiidirgs, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, sFwll co~tain the usual standard mortgagee ciause or such other clause az rhe Mortgagee may ?equ;re, making the loss under said policies, eath and every, payable to said MORTGAGEE as its interest may appear, and each and every suth policy shall be promptly assigned and delivered to and held by said MORTGAGEE as fu•ther security to said mortgage debt, and, not ~ less than ten (IQ) days in advance of the expirafion of each poliq, to deliver to said MORTGAGEE a renewal thereof, together with a reteipt ~ for the premium of wch renewal; and there shall be no fire or tornado insurance placed o?~ any ot said build~ngs. any interest therein or part thereof, unless in the form and witfi the (oss payable as aforesaid; and in ti~e event any wm of mvney becomes payable u~der such IIIlGAF1-1l.Y~~ ` ~a~ - ` _ 21~; ~ ~ ~_7 ~ ~ i ~ _ - n . _ . . 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