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Home My WebLink About2947 /VVV~, ~ v ~ J ` / ~ THIS fNOENTURE, Made the 318t paY of . _ . _ _JUly--- _ ~ , A. D. 1973 , between OSCAR T. MAIN and MILDRED L. MAIN, his wife of . St. LUC1e . _ C~nty. Florida, herei~aiter cksignated as thc "MORTGAGOR," and FIRST fE0EW1L SAVINGS AND ~ l4AN ASSOCIATtON OF UVDfAN RIVER COUM7Y, a torporatio~ o~ganised and existing undar the laws o( the United Ststes of Amc~iCa and Fvvi~g its p~incipal place of business in tFw Ciy of Vero Beath, Ind~a~ Rivar County, Florida, hereinaftcr designa~ed as the "MpRT(;ACEE." WHEREAS ~he MORTG/~GOR ~s justi i~ t~d ~o ihe MORTGnGEE ~n ~he sum of Sixteen Thousand and no/100-- ' -~'(S ~6,u~.U.QO.-_.._) potlars, good a~d lawful money of the United States advanced by tlwe MORTCAGEE uoto the MORTG/IGOR, as evedented by s.tertain promissory note of cve~ date herewith, of which the followinQ in wouis ~ and ligures is a true copy, to-wit: ~ S 16 , 000 . 00 No. . . . Vero Beach, Florids. _ _ . _ - - - July 31, . 19 73 Fo? va!ue received 1 or we ~ointly w uverally promix to pay to F~RST FEDERAL $AVINGS M1D LOAN ASSOCIATION OF INDIAN RIYER COUNTY, tt,e sw~ of s.. 16~~~~•~~ at its office in Vero Beach, Fbrida, with interest at the rate of 9 . per cent per annum, in tF+e followin~ manner, ` =___143,, 96 ~p~ the first of each and every month hereafter until the full p.incipal sum, with interest, has been paid; said manthly payments shall be applied first to the paymer?t of i~terest on the unpaid batance, and then ro the payment of principal. This note is negotiable and if defaul! in payment otturs, may be plated in the hands of an attomey at law for collection, in which event 1 or we agree to pay the tosts of tollection, including a reasonable atrorney's fee, and each of us, whether maker, guarantor or er+do.ser, hereby severally waives demand, notice of non-Davrtte~t and protest of this note. ~8/ Oscat T. Maiu - --ISeaq ~8~- ---M~.~~~d--~-•- ~~Il------- - --(Seap 10 the eveM any payrt?ent is not made priw to the 20th day of the month when due, then this note shall bear interest at the rate of _~'i from the date any such payment became due and throughout the period of such delinquency. State stamps paid and cancetfed on originat of this note in the amount of s.._24.00 _ NOW, THEREFORE, the MORTGACpR for the purpose of seturing the payment of the said wm of S.._.16_tOOO.~O_ _ and the ~.ierfomwnce of the covenants and agreements hereinaher expresxd, and fo? divers good and valuable cor+siderations, by these prcsents, docs grant, bargain. xll. remise, release, convey and confirtn unto the MCRTGAGEE its successors and assigns, atl that certain lot~ piece or parcel of St. Lucie land, situate, lyi~g and being in the County of _ and State of Florida, described as folbws: Lot 3, Main Subdivision, as per plat thereof recorded in Plat Book 14, page 30, of the Public Records of St. Lucie County, Florida.~ ° o ~ IN PR~IMEN~ ~ T~ in:s Insr ~.~,c-:r t:~i: Prep~red 8y w~n~ JOI-i~; A. ~_~ST~R q~'C 1lIi/IN61Bl.E ~ l9)~. Fins Fcc3-...; a;~d Loan P1IRSUN~ ~ ~E~ p~RRAS Ass'n et i,.-;,..n r :er Cccntv ' - ST. ll1C~E 00. FLlI 2~- 5- t...h ;~.0. 1209 q,fRK CIRCUIT ~RT' GL~_ Ve~a B; e:. f'. : i aa fl / C ~il~~ ~ together with alt and singutar the tenements, hereditaments and appurtenances thereunto betonging w in anywise appertaining thereto, and all rents, issues, proceeds and profits accruing and to acc~ue from said premises, all of which are intluded in the above a~d foregoing de- scription arxl habendum. TO HAVE MIO TO HOLD the above destribed and granted premises unto the said MORTGAGEE, its wccesso?s and assigns forever, r Md the said MORTGAGOR for their heirs, executors, adrninistrators and assigns, hereby covenants with the said MORTG/1GEE, its wcces- g the are _____~awt~nY se~:ed of the said premises ih fee simpte; that the same are free, clear and dis- , sors and assi ns, that.-- ------------y - - - - ~ charged from all liens and encumbrances in law or in equity. and that - theY_- will and their_._ .~irs shatl warrant and ' defend the title to the same to tfie said MORTGAGEE, its successors and assign;, fwever against the lawful claims and demands ot all persons; PROYIDED. ALWAYS tFwt if the MORTGACAR shall pay ur?to the MORTGAGEE the promissory note hereinbefore destribed, and j shall truly, promptly and tully perForm, dixharge, execute, complete, comply with and abide by each and every the stipulatians, agreements. ~ conditions and covenants of said promissory rate and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and voirl ~ IT IS U~IDERSTOOD that the word "Mortgagor" whether in the singular or plurat anywhere in this Mortgage, shatl be singular if one F only and sFa(I be pturat jointly and severally if more than one, and that the word "Their" as used anywhere in this Mortgage shall be Taken ~ to mean "his." "her," or "its," wherever the context so implies or admits. Atso, that wherever there is a refere.-xe in the covenants and ~ i agreements herein tontained to any of the parties hereto, the same shatl be construed to mean as well as ihs hei?s, legal representatives, wc- cess~rs ar~d aszigns (either voluntary by act of the parties or involuntary by operation of the law) ot the same and that the tovenants herein E c~ntain~d shall bind and the ben~fits and advantages inure to the respective heirs. legal representat~ves, successors and assigns of th~: ~ ;,artiei hereto_ F And said Mortgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jointly and severally covenant and agree to and with the said MpRTGACEE, its successors and assigns: F 1. To pay all and singular the printipa! and interest and the various and sundry wms of money payable by vi:tus of said promissory note, and this mortgage, each and every promptly on fhe days respect~~ety the same severally becorr~e due. 2. To pay aIl and singular the taxes, assessrt?ents, levies, lia4ilities, obligations and intumbrances of tvery nature and kind now on i said destribed property, or that hereafter may be imposed, wffered, placed, levied, or assessed thereon or that hereaftcr may be levied or assessed upon this Mortgage, or the indebtedness secured hereby, each and every, when due and payable according to law, before they be- ~ c~me delinauent, and before any interest attaches or any penalty is incurrod; and insofar as any the~eof is of reCOrd the same shall be promptfy satisf;ed arttl distharged of retord and the or;ginal official doCUment (wch ai, fo. instante, the tax reteipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said MORTGAGEE wi?hin ten days next after payment; and i~ the event that any thereof ~ is not paid, satisfied and dixharged. sai~ MORTGAGEE may at any time pay the same or any part thereof without waiving or affetting any 3 option, lien, equity, or right under or by virtue of this Mortgage, and the full amcunt of each and every wth payment shall be immediateiy due and payabte and shall bear interest from the date thereof untii paid at the rate of 9 per centum per annum and together : with wth interest shall be se[ured by the lie~ of this mortgage. ~ 3. To plate and continuously keep on the buildings ~ow or hereafter situated on said land and on all equipment and personaity tov- ered by this mortgage, with a(i premiums thereon paid in fult, fire inwrante in the usua! standard polity form, in a sum approved by the MORTGAGEE, and tornad~ inwrance in the usual standard policy form,in a wm approved by the MORTGAGEE, in wch compa~y or companies as the MORTGAGEE may direct; and all fire and tornado inwrance policies on any of said bui(dings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess the~eof, sha!! contain the usual standard mortgagee clause or such other ~lause as the Mortgagee may ~ require, making the loss under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every ; such polity shall be promptly assigned and detivered to and held by said MQRTGAGEE as !u•ther secu.ity to s~id rtwrtgage debt, and, not less than ten (10) days in advance of the expiration of each polity, to deliver to said MORTGAGEE a renewal thereof, together with a receipt 5 for the premium of suth re~ewal; and there shall be no fire or tornado ~nsurance placed on any of said buildings. any interest therein or part thereof, unless in the form and with the lou payable as aforesaid; and in the event any wm of money becomes p~yable under wch s~IRC.tMJ-71-Y~~ ~ - ? - Q c`l~~~~U 'n;. 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