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Home My WebLink About0713 258632 ~ TNIS INDENTURE, Made ~?,e _ 3rd.. _ oay of . Ju_ly , A. 19~j , bet..cen IRMA T. BEEDY, a single adult o} St; Lucie County, Florida, hereinaiter designated as ihe "MORTGAGOR," and FIRST FEDERAL SAYINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a coiporatio~ o~gan~zcd and existing under the la.vs of the Unlted States of America and having its pnntipal plate of business in the City uf Vero Beath, Ind~.~n River County, flonda, hcreinafte~ designa~ed as the "h10RTGAGEE." W~1ERE~1S the TGAGOR is justl in tgd to the MORTGAGEE in thc sum of 1~renty-five Thousand Five. tiundre 8II ItO~~ ~~~~~~~~(s ~5 ~~j~p.~~ ) Dollars, good a~d lawful m~ney oi the United States advanced by fF+c MORTGAGEE unto the MORTGACAR, az evidenced by a tertain promisso~y notc of cven date hcrewith, of which tbe following in words and f~gurci is a true Copy, to-wit: ~ S 25~5~~.00 ~ No. . Vero Beach, Florida, July 3, _.~9 73 For value reteived I or we jointly or severally promise to pay to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN FIVER COUNTIf, the sum of S 25:SOO.~O , at its of(~ce in Vero Beach, Florida, with interest at the rate of $•25 per cent per annum. in the following manner: s 2~1.Q6 upon the first of each and every month hereafter until the full pnncipal sum, with interest, has been paid; said monthly paymenfs shall be applied first to the payment of interest on the unpaid balance, and then to the payment of pri~cipal. This note is negotiable and if detault in payment otcurs, may be placed in the hands of an attorney at law for collection, in which event 1 or we agree to pay the tosts of collection, including a reasonable attorney's fee, and each of us, whether maker, guarantor or endorser, hereby severally waives dema~d, notite of non-oavment and pro~est of thls note. ~ /s/ Irma T. Beedy - - (Seau - _ _ _ _ . lSeaU 1~ the event any payme~t is not made prior to the 20th day of the month when due, then this note shall bear interest at the rate of 9. 2S 9b from the date any such payment became due and throughaut the period of suth delinquency. State stamps paid and tantclled on original of this note in the amount of s 38, 25 . NpW, THEREFORE, the MORTGAGOR for the purpose of seturing the payment of the said wm of S 2S ~ SOO .00 a~ the Nerformance of the covenants and agreements hereinafter ezpressed, and tor divers good and valuabte considerationz, by these presents, does grant, bargain, sell, remise, release, conrey and tonfirm unto the MORTGAGEE its successors and assigns, all that certain lot, piece or partel of land, situate, lying and bei~g in the County of St. LuCle and State of Florida, deuribed as follows: ~~TATE aF F1~.0 R I D~ Lots 38 and 39, Block 4, Indian River ~ v^OCvMFNTARY,i~~ °~,STAMP j~~?• gstates, Unit ~1, as per plat thereof _~ir I.Of REYENUf ~t' ` ~z y~ t- on file in Plat Book 10, page 43, of ~ _ ~.~+~~z3 ~ ~ 3 8. 2 5 ~ ea - the public records of St. Lucie County, - ^ ' ~`2 Florida. Th~s Ins~~.cn-r.t L\ ic D•i'cr= ]:?y RECfJVFA ~.`S/~ - IN PAYMEM OF TAXES J.^,}~;~: ~~~r', Dl~ ON GASS INTAM6 (BLE PERSONAI PROPERIY~ F ~ r-, t r_ ' ~ r. t c r r PI3RSUA81i TO CIWTER 71-134. ACTS OF 19)1. :f ieos~t roRw?s /7"~` ~~~.~~-r.,::. r.~. ~~cv C~ERK WRCUIT ~OIIRT, ST. WCIE 00, F{~ v~r~ c_-•~. F,••:-!, ~~9b~ ~ together with afl and singular the tcnements, hereditaments and appu~te?~ances thereunto belonging or in anywise appertaining thereto, and all rents, issues, proteeds and profits accruing and to eccrue from said premises, aIl of which ~re intluded in the above and foregoing de- ~ scription and habendum. TO HAVE AND TO HOLD the above described and granted premises unto the sa~d MORTGAGEE, its sutcessors and assigns forever. € And the said MORTGACAR for her _ heirs, ezecutors, administrators and assigns, here~y covenants with the said MORTGAGEE, its sutces- ~ sors and assigns, that she is _ _~a,,,,fulty seized of the said premises in fee simple; that the same are free, clear and dis- ~ charged from all liens and encumbrantes in law or in equity, and that _ $he will a~d her ?,e;.s shall warrant and ~ c!efend the title to the same to the said MORTGAGEE, its succeuors and assigns, forever against the lawful tlaims and derrands of all perso~s; ~ PROVIDED, ALWAYS that ~f the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore dexribed, and ~ shall truly, promptly and fully perform, dixharge, execute, complete, comply w~th and abide by each and every the stipulations, agreements. conditions and covenants of said promissory note and of this Mortga~e, then th~s Mortgage and the Estate hereby created shall cease and be ~ null and voirl IT IS U~~DERSTOOD that the word "Mortgagcr" whether in the singular or p!ural anywhere in th~s Mortgage. shall be singuiar if one ~nly and sF.all be plural jointly and severaliy if more than one, and that the .vord "Their" as uscd anywh~re in ih~s Mortgage shall be taken ~ r~ me~n "his," "her," or "its." wherever the contezt w implies or admits. A:so, that wherever there is a refere~ce in the covenants and agreements herein contained to any of the parties hereto, the same shall be construed to mean as we~l as the heirs, legal representatives, wc- ~ ces~~r; and aszigns (either voluntary by act of the parties or involuntary by operat~on of the law) of the same and tnat the crn•enants herein c~nta~n~d sha'.I bind and the uen_fits and advantages inure to the respective heirs, legal representat~ves, successors and assignz of thc ~arties hereto. ~ And said Mortga~~rs, f~r themselves and their heirs, legal representatives, successors and assigns, here5y jo~ntl~ and severaily cove~ant ~ ;nd agree to and with the said MORTGAGEE, its suttessors and assigns: 1_ To pay all and singular the principal and interest and the vari~us and sundry sums of money payable by virtu~ of said promi~s::ry ~ ~~te, and this mortgage, each and every promptly on the days respect~yely the same seve:alty become due. ~ 2. To pay all and singular the taxes, assessments, levies, lia~ilities, abligations and incumbrantes af every natuc and kind now on k~~d described prcperty, or that hereafter may be imposed, suffered, ptaced, lev~ed, or assessed thereon or that hereafte~ may be lev~ed or a~sessed upc~ th~s Mortgage, or the indebtedness secured hereby, each and every, when due and payable according to law, before they be- - c~me dellnQuent, and 5efore any interest attathes or any penalty is incurred; a~d insofar as any thereof is of record the same shall be prompNy _ -at~sf~ed and discharged ef record and the original official doc~ment (such as, for instance, the tax receipt or the satisfaction paper ofticiatly c~dorsed or certified) shall be placed in the hands of said MORTGAGEE within ten days next after payment; and m the e~ent that any thereof ~ ~s not paid, satisfied and distharged, said MORTGAGEE may at any time pay fhe same or any part thereof without waiving or affetting any cption, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immed~ateiy d.,e and payable and shall bcar interest from the date thereof until paid at the rate of 2S per centum per annum and together w~th such interest shall be sew.ed by the lien ot this mortgage. 3. To place and continuously keep on the buildings now or hereafter situate~! on said land a~d on all equipment and personatty cov- ered by this mortgage, with aif premiums thereon paid in fu~~, fire insuranCe m the uzual st~ndard policy form. ~n a sum approved by 1h~ h!ORTGAGEE. and tornado insurante in the usual standard poliq form,in a sum approved by the MORTGAGEE, in such company or tompanies u; as the MORTGAGEE may dirett; and all fire and tornado msurance ,~olicies on any of said buiidmgs, any interest therein or part thereof, in the ! aggregate sum aforesaid or in excess thereof, shall contain the uwal standard martgagee c~auze er such other clause as the Mortgagee may ~ reGuire, ma~ing the loss under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every ~ s.xh policy shall be promptty assigned and delivered to arr,f held by sa~d MORTGAGEE as fu~ther security to s~id mortgage debt, and, not ~ ~ess than ten (10) days in advance of the expiratio~ of each poliq, t~ de~iver to said MORTGAG:E a renewal thereof, togesher with a receipt f;. the premium of such renewal; and there shall be no fire or tornado insurance placed on any of said buildinGS, 0ny ~nterest lherein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum of money becomes payable under such ~ I/IAC-IY.~-7~-Y~? ~ L • 7~.3 ~c~~ ~a~t ~ - ~ _ - - _ .3_~ . . _ ~ . _ _ . ~