HomeMy WebLinkAbout0295 25~3~9 ~ "
THIS IhDENTURE, Made the 27th Day of _ Juri~ , A. D 19 ~3
- . befwrrn
. LAWRENCE W. WYRICK, SR._ and ALICE H. WYRICK, his wife
of St. LuC~E' County, fiorida, herei~alter design~red as the "MORTGAGpR,•' a~d FIf2ST fEOERAL SAVINGS A~~D
lOAN ASSOCIATION pF INDIAN RIVER COUNTY, a corporatio~ o~gam:ed and ex~sNng undC~ the taws of the United S?ates of Amcrita
and hav~ng ~ts pnnc~pal pl~ce of business in thc Ciry of Ve~o Bexh, I~d~an R~~er County, Flonda, hercinaftCr dcsig~aled as thc "MORTGACEE."
WHEREAS ~he MORTGAGOR is justly indebted to the MORTGAGEE ~n thc sum of 1~aenty-three Thousand and
i1o~1~~--------------------~(S 23,~~~.~~ ) Ooila~s, good and lawtul m~ney of the United States adv:,nced by thc
h10RTGAGEE unto the MORTG/IGOR, as evidenced by a certain prom~ssory note of eve~ date ~itrew~th, of wh~ch the loltow~ng in wordt
and f~gu?es is a truC COpy, t0-wit:
S 23,000.00 . N~
Vero Beach. Ftorida. June 2~ ~ ~q 73
For value ~ece~ved 1 or we jo;ntly or severally promise to pay to FIRST FEDERAL SAVIPlGS ANO LOAN ASSOCIATION OF INDIAN
tiIVER COUNTY, the sum of S 23~0~0.~~ , at its office in Vero Beach, Fbrida, with interest at the rate of
~cr tent per annum, in the fotlowing manner:
s 177 •.52_ upon the first of eath and every month hereaiter until the full principal sum, with interesf, has been paid; said
monthly payments shall be applied first to the payme~t of interest on the unpaid balance, and then to the payment of principal.
This note is negotiable and if defautt i~ pavme~t xcurs, may be placed in the hands ot an attorney at law for collection, in which
event 1 or we agree to pay the costs of collection, including a reasonable attorney's fee, and each of us, wherher maker, guarantor or endorser,
hereby sevcrally waives demand, notice of rwn-oavment and protest of th~s note.
/s/ Lawrence__W. Wyrick, Sr. ~~ap
/s/ Alice_ H,__{~lyrick_ _ _ ~~a~~
In the event any payment is not made prior to the 20th day of Ihe month when due, then this note shall bear interest at the rate of
9. 0 q6 ftom the date any such payment became due and througi+aut the period of suth delinquency.
State stamps paid and cancelled on original of this note in the amount of S 34.50 . .
NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said wm of S 23,OQD.00 and the
Nerformance of the covenants and agreements hereinafter expressed, and fo. divers good and valuable considerations, by these prese~ts, does
grant, bargai~, sell, remise, release, convey and confirm unto the MORTGAGEE its successors and assigns, all that certain lot, piece or parcel of
tand, situate, lying and beirtg in the County of . St. LuCie . and State of Florida, destribed as follows:
" Lots 32 and 34, OCEAN BOULEVARD PARK,
: TA TE aF' FLOR t D Q ~ as per plat thereof on file in Plat
~-~Jh1ENIARY,,~~,~STAMP in>~ ~ gook 7, pa ge 18, public records o f "
. v~ REYEMUE~ '
' L St. Lucie County, Florida. ~
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~ ~N PA~MEM OF Tl~ A:s', ~;t l•, .C. .
At161a1.E P~~!!AL PROPERf`f, 2Ga5-l;~S. r,,~
1NT 13~?. AGTS OF iy?~~~~ vao 8:: r::-:~.,
P~?~ ~ ~R
T PORt1AS ~ .
~y.~r,~ ~g?~ St. FU1. t
t~gether with a11~2T~-siiigu~la~ the tenements, hereditaments and appu~tenances thereunto befonging or in anywise appe?taini»g thereto, and
af! re~rs, iswes, proceeds and pr~fits actruing and to accrue from said premises, all of which are included in the above and forego~ng de-
scripfio~ and habendum.
TO HAVE AND TO HOLU the above described and granted premises unto the said MORTGAGEE, ~ts wccessors and assigns forever_
And the said MORTGACAR for theirhe~.s, executors, administ.ators and assigns, hereby covenants with the said MORTGAGEE, its succes-
' sors and assigns, that they are____.__ lawfully seized of the said premises i~ fee simple; that the same are free, clear and dis-
~ cha~ged from all liens and encumbrances in law or in equit:. a~d ttwr they_ ~,,,;ii a~ thelr_ _ heirs shal) warrant and
Jefend the titte to the same to the said MORTCAGEE, its su::essors and assign;, forever against the lawiul claims and demands of all persons;
~ PROVIDEU. ALWAYS that if the MORTGAGOR sha!! pay unro the MORTGAGEE the promissory note hereinbefore destribed, and
' shali truly, promptly and fuily perform, discharge, execute, complete, comply with and abide by each and every the st~pulations, agreements.
f conditions and covenants of sa~d promissory note and of this Mortgage, then this Mortgage and the c"state hereby created shaU cease and be
nt;H and vni~!
i IT IS U~/DERSTOOD that the word "Mortgagcr" whether in thP singula? or plural anywhere in this Mortgage. shall be singular if one
cnly and shatl be plural jointly ~nd severally if more fhan one, and that ti~e word "Their" as uscd anywhere in this Mortgage shall be takcn
; !o mean "h;s," "her," or "its." wherever the context so implies or admits. Also, that wherever there is a retere~ce in the cove~ants and
f a;reements herein contained to any of the parties hereto, the same sha11 be construed fo mean as we~l as the heirs, iegat representatives, suc-
` cess~rs and assigns (either voluntary by act of the parties or involuntary by operation of the faw) of the same and that the covenants herein
i c:ntain~d shal! bind and tne ,~,en~iits and advantages inure to the respective heirs, legal representatrves, sutcessors a~d assigns of th~
` ;.3rt~es hereto.
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And said tilortgagors, for themselves and their heirs, ~ega! representatives, successors and assigns, hereby jointly an~ severally c~ve:+ant
::^d agree to and ~.v~th the said MORTGACEE, its successors and asz~gns:
1. To pay all and singular the principal and interest and the various and sundry sum of mo~ey payable by vistua of s~id promi;s~ry
` ^ore,,and this mortgage, each and every promptly on the days respect~vely the same severally becwne due_
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t 2. To pay ~II and s+ngular the taxes, aszessments, levies, lia5ilities, obligations and incumbrantes of every nature and kind now on
x~~d destribed prcperty, or that hercafter may be impesed, suffered, placed, levied, or assessed ihe?eon or that hereattcr may be levied or
~s>essed upcn this Mortgage, or the indebtedness secured hereby, each and every, when due an~ payable acc~rding to taw, before they be-
c;me del~nquent, and before any interest attaches or any penalty is incurred; and insofar as any ihereof is of record the same shall Ee promptly
.~tisfied and discharged ef record and the original offic~al document fsuch as, for in;tance, the tax receipt or the satisfaction paper officially
i endorsed or certified! shaN be placcd in the hands of said MORTCAGEE within ten days next aftcr payment; and in the event that any the~eof
~s n~t paid, satis4ied and discharged, sai~! MORTGAGEE may at any fime pay the same or any part thereof witFr~ut waiving or affecting any
-~tion, lien, eQuity, or right under or by virtue of this Morfgage, and the full amount of eath and every such payment shall be immediateiy
d~e and payabte and shall bear interest from the date thereof untii paid at the rate of per centum per annum and together
w+?h such interest shall be secured by the lien of th;s mortgage.
' 3. To place and consinuously keep on the buildings now or hereafter situated on said land and on all equipment ano persenalty cov-
e.ed by this m~rtgage, w~tn af: premiums thereon paid in full, fire insurance fn the usual st~ndJrd p~l~cy form, in a sum appreti-ed by t1~t
~ ".'ORTGAG:E, and tornado ~nsurance in the usual standard poliq form,in a sum approved by the MORTGAGEE, i~ such company or companies
` .~s the MORTGAGEE may direct; and all fire and tornad~ insurance ~olicies on any of said buildirgs, any interest the.ein or part thereof, in the
: ag¢regate sum aforesaid or in excess tFereof, shall c~ntai~ the usual sta~dard mo.tgagee c~ause er suth other clause as the Mortgagee may
5 requ~re, making the loss under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every
>uch policy shall be promptly assigned and delivered to and held by said MORTGAGEE as fu~t%,er security to said mortgage debr, and, not
: ~,ss than ten l10) days in advance of the expi~ation of eath poliq, ro deliver to said MORTGAG~E a renewal therec~f, to~ether with a receipt
ror the premium of such ?enewal; and there shall be ~o fire or tornado ~nsurance p!aced on any of sa~d bui?d~ngs. any interest therein or
~ part thereof, unless in the form and with the loss payable as aforesaid; and in the event any surr. ot money becomes payable under such
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