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Home My WebLink About1802 $1 TNIS INDENTURE, Made thc _ L9tt1. Day of .Iu~ ~ , A. D. 1973 , bc~w~e~, . GAIL McMANUS RHQAD$, a single adult 3~s of SC. Lucie Cpunty, Flo~ida, hereinaiter designatcd as the "MORTGAGiVet,' and FIft~7 ~t'v~icA~ SAViiJC,S A^jD LOAN ASSOCI/1TION OF INOIAN RIVER COUNTY, a corporatiur~ o~ganized and exist+ng unde? the taws of the United States of Ame.ica and having its print~paf plate of busi~ess in tho City of Yero Beath, Indian R~ver County, Fiorida, hercinafter designatt~f as the "MORTCAGEE." WHEREAS the MORTG/1COR is justly indc~t,g~ tQ the MORTGAGEE in thc sum oi ltiaenty Fou~ ThOUSerid Aqd i10~ 100 - '(S Z~?~UVV.UO _ ) Ooilars, good ~nd lawful m~ney o1 the United St+'tes advanced by thc MORTGAGEE unto the MORTGACAR, as evidented by a certai~ prom~ssory notc of cveh date herewith, of whith ihe following in worAc and f~gures is a true Copy, to-wit: ' S Za,ooo,ao Na. Vero Beach, Florida, July 19, ~9 73 For value reteived ! or we jointly or severally promise to pay to FIRST FEDERAL SAVINCS AND LOAN ASSOCtATlON OF INDIAN RIVER COUNTY, the sum of s_24~QQD.QQ at its office i~ Vero Beach, Florida, with interest at the ~ate of 9 per cent per aru?um. in the followin~ ma~~er; s_._. . upon the first of each and eve mo~th hereafter unt+l the fuN 2~1 41 ry printipal sum, with interest, has been paid; said monthly payments shall be applied first to the payment of inte~est on the unpaid balance, and then to tl+e payme~t of p~incipal, This ~ote is negotiable and if default i~ payment octurs, may be placed in the hands of an attor~ey at law for collection, in which event 1 or we agree to pay the tosts of toliectio~, induding a reasonab~e attorney's fee, ancf each of us, whethe~ maker, guarantor or endorser, hereby severally waives demand, notice of non-oavment and protest of this note. /s/ Gai_l. McManus_ Rhoads ~~a~~ - - _ _ _(Seal) tn 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 10 q(~ from the date any such payment became due and throughout the period of such de'~- -~ency. State stamps paid and cancelled on o~iginal of this ~ote in the amount of S~~~ . NOW, 7HEREFORE, the MORTCAGOR for the purpose of securing the payrreent of ine said wm of S ~~F ~ OQO~.QO and tF+e uerfwmance of the covenants and agreements hereinafter exp~essed, and for divers good and valuable considerations, by these presents, does grant, ba~gain, sell, remise, release, convey and canfirm unto the MORTGAGEE its successors and assigns, all that certain lot, piece or parcel of St. Lucie land, situate, lying and 6eing in the County of _ and State of Florida, described as follows: Lot 13, Block M, MARAVILLA ESTATES, according to a plat thereof on file in Plat Book 8, page 77, Public records of St. Lucie County, Florida. ~~Ai f~ S-j-A,-TE R~ s~~~~~ ~.1 OOCUMEN~A i T?~is Instrument Was Preparcd By DEPt-0~ REVEliUf O 0 ~ ox r -f / JOHN A. LESTER ~ ~ - ~ ~9•73 ; ~ ~ ~ First Fedtral $av;ngs ind L~a~ wn -;rg_ ~ A.55n O} Ind~zn Riv~r C' Jr,y =~1t'+2 2~45-14th A~e_ P.O. E<cx i209 ~ . . - ) Vcro S,::ch, Flo~;da 32960 y . ~ together with all and singular the tenements, hereditaments and appu~tenantes thereunte betonging or in anywise appertaining thereto, and all rents, iswes, proceeds and profits actruie,g and to accrue from said premises, atl af which are intluded in the above and foregoing de- sc.iption and habendum. TO HAVE A~1D TO HOLO the above described and granted premises unto the said MORTGAGEE, its successors and assigns forever. And the said MORTGACAR far h@Y..._- heir,, exetutors, administrators and assigns, hereby covenams with tFx said MORTGAGEE, its sutces- sors and ass'rgns, that She _is.-... _.._________lawfully seized of the said premises in fee simpte; that the same are free, clear and d~s- charged from atl lie~s and encumbrences in law or in equ+ty, and that she _ r,,;~~ a~ her _ F?eirs shall warrant and ! ~fefend the title to the same to the said MORTGAGEE, its successors and auigns, foreve~ against the lawful claims a~d demands of all persons; PROVIDEO. ALWAYS tF+at if the MORTGACAR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and ! shaft truty, pramptty and fulty perform, discharge, exetute, tomplete, comply with and abide by each and every the st~pulations, agreements. ! conditions and tovenants of said promissory note and of this Mortgage, then this Mortqage and the Estate hereby created shall ce~se and be ' null and vnirl ~ IT IS U~IDERSTOOD that the word "Mortgagcr" whether in tiw singular or plural anywhere in this Mortgage. shall be singular if one j cnly and stiall be plural jointty and severally if more tha~ one, and that the ~vord "Their" as used anywh~re in th~s Mortgage shall be taken ! to mean "his," "her," or "its." wfiereve~ the context so impties or admits. Also, that wherever the?e is a refereace in the covenants and I ag~eemenfs herein contained to any of the parties hereto, the same shall be construed to mean as welt as the heirs, legal representatives, wt- ; cess~rs and assigns (either votu~tary by act of the parties or involuntary by operat~on of the (aw) of the sarre and tFwt the covenants he~e~n ccntain=d shatl bind and the be~~firs artd advantages inure to the respective heirs, legal representat~ves, successors and assigns of thr ;,arties hereto. Md said h4ortgagors, for themselves and their heirs, legal representatives, successors and assigns, herehy jointly an:i severally c~venani and agree to and with the said MORTGAGEE, its successors and assigns: i i. To pay all and singular the printipal and interest and the various and sundry sums of maney payable by vi:tue ot s~id prami;s~ry •~ote, and this mortgage, each and every promptly on the days respectively the same seve?ally become due. ? 2. To Fay a!I and singulz? the taxes, assessments, levies, lia5ilities, obligations and incumbrances of every nature and kind now on sa~d descsibed property, or that hereafter may be imposed, suffered, placed, levied, or asseszed thereon or that hereafter may be lev~ed or a~sessed upcn this Mortgage, or the indebtednezs secu.ed hereby, each and eve.y, when duc an~ payable according to law, betore they be- c:me delinquent, and before any interest attaches or any penalty is incurred; and insofar as arty the.eof is of record the same shall be promptfy sat~;fied and d~stharged of record and the original official decume~t ts~ch as, for instance, the tax receipt or the satis(action paper officially endorsed or certified) shall be placed in the hands of said MORTGAGEE within ten days next after payment; and in the event tt,at any thereof :s not paid, satisfied and distharged. said MORTGAGEE may at any time aay the same or any part thereof without wasving or affecting any cRtion. lien, equity, or right under or by virtue of this Morfgage, and the f~l1 amount of each and every such payment snall be immediateiy ' c~e and payable and shall bear interest from the date thereof until paid at the rate of 9 per te~tum per annum and together ' ~vith such interest shall be secured by the lien of this mortgage. i ~ 3_ To ptace and continw~usly keep on tne buildings now or hereafter sifuated on said land and on all eGu~pment and personaity tov- ered by this mortgage, with ai! premiums thereon paid in full, fire insurance in the usual standard pol,cy torm, in a sum approved by tlu~ 3 "ORTGAGEE, and tornad~ insurarece in the uwal standard polity form.in a sum approved by the MORTGAGEE, in such company o~ companies ; ~s the MORTGAGEE may dirett; and all fire and tornado insurance policies on a~y of said buiidir.gs, any interest the~ein or part thereof, in the ~ aggregate wm aforesaid or in excess thereof, shall contain the usual standard mortgagee c~ause er such other ~lause as the Mortgagee may ~ require, making the loss under said policies, each and every, payable to sa;d MORTGAGEE as ;rs interest may appear, and each and every such policy shall be promptly assignec! and delivered to and held by said MORTGAGEE az fu~*.~er secur;ty to said mortgage de5t, and, not ~ess than ten (10) days in ad~ance of the expiration of each policy, to deliver to said MORTGAGEE a renewal thereot, t•~ether w'rth a receipt " for the premium of such renewal- and there shall be m fire or tornado insurance pfaced on any of said build~ngs, any u;te~est therein 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 ri~~t-tM-~-n-v~~ i ; g~~K 2is ~,~t ~.80'~ ~ - _ ~ ~ ~_s., . . . I . ..~f ~