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Home My WebLink About0389 :~3(r'~58 . 7H~S INDENTUft~, Made the__._~.13~ uay of ' _ NOVGmbe~ ~_,n_, A. O. 19 b`~ between ! . ~ 1 1 ~ , ,_._.JOHN_~...McGOWAN and~IviARY_E McGOWAN,,_ hi~ Hrife ; of.._.._t~~,.__~-sL1~~4'-_.__._..___..._. County, F{oHda, hereinakar cksignated a• tha "MOR7CACdR;' ~r~d FIRST FEdER/1!. SAVINGS AN~ ~ LO/1N ASSOCI/1710N OF INDIAN RIV~R COUNTY, a corporation organized and exlsting under the lawst of ths Unlted Statas of America ~ •nd having its principal place of bustness in the City of Vero Beach~ Mdlan Rlver County, Florida, herelnaftar desi~nated as tha "MOR7GAGEE." WHERFRS the MORTGAGOR ts JusNy i o tfie MORTGACEE in the sum of_ F41~r 'I`~~Q~s~nd_.~nd.L~La~1QD.~ ; » - - - - - - - ~ - - - - - - - - R - - - (S_!¢T~j~Q_~...a Dollars. good and Ibwful money of the United Statea advanced by the ~ - MORTG/1GEE unto the MOR7GACAR, as evidenced by a certain promissory note of even date h~rawith, of which the foltowing in words ! and figures Is a tnie c~y. tawit: + ~ t_~,.QOQ..Q~? . rvo.------ ~1.~.~ ; Vero Beech, Fio~~e~, ---November 13,--._.:___..._---~. i9_f~~._ For value received 1 or we jol~tly or severally promise to pay to FIRST FEDEttAI. SAVINGS AND t0/1N ASSOCIA710N OF INDIAN ; RIVER COUNTY, the sum of S_ 4~ at Its offica fn Vero Beach. Florida~ with interest at the ~ste of.~~~L_~2_~_ t per tent per annum, in the followi~Q manner; • ; ; 40~~_~ upon the first of each and every month hereafter untll the full princtpat wm, with i~terost, Fws been paid; safd ; monthly payments.shall be sppHed first to tho payment of Interest on the unpald balance, and than to tha payment of prir~ciRai, ~ " Tht~ note I: ~ogotiablo and if detault !n psyment oceun, mey be placed in the hands of an attomey at law fo~ coilection~ 1~ which ti went 1 ar we agree to pay the costs of collectlon~ including a reasonable attocrey's fee, and each of us. wfiether maker~ gua~antor or endorsar, i t~reby severally waive~ demand, notice of nor?-psyment and protest of this note. • " ~ ~ ' S O~lll _ - ---~--l~j- J-.---McGcawan ~ : . . ____..._________._____...._--_-_ck~i~ ~ - ~ ' ~ ; ` -~~~~3~-E..._&ic~~can :._.cse~~) ; ~ ~ ~ In tha event aqy payment is not made p~ior to the 20th day of the mo~th when due, then thts note shstl baar interost the rate of ' 8.4Q6 from tFie datq sny such payme~t became dua and throu~hou[ the perlod of such delinquency. Stata stamps patd and cancelicd o~ ariginsl af thts note in the amount of ~~?~_QQ._=_.___.._.. N~OW~ THEREFORE, th~ MOR7G11GOR for the purpose of securing the payment of the ssid sum of i-~?.-~%~----- and tha parformsnce of the covenants and agrrements herelnafter exprosud, a~d for divers ~ood and valwbb tw~sidarations, by these presents, does gnnt, bargatr~, sell, remise, relaase, convey and confirm unro the MORTGAGEE it~ succeswrs and assi~ns, sll that certaln lot~ piece or parcel of land, sltuate, lying snd bein~ In the Ceunry of St. LUC~(:_ ind State of Florida. described as fallows: . - ~ ~ . • . i The East 38.4 Feet of the South 70 Feet of Lot 10, ~ ~ and the South 70 feet of Lot 11, Biock #2, ~1VVYLDWQlJD I , PARK SUBDIVLSION, as per plat thereof on file in - ~ ~ Plat Book 5 at a e 54 of the ublic records of , r Pg , P ~ St. Lucie County, Florida. . ~ ~ ; . . R~CEtVEO= ~ IN PAYMENTOFTAXES : t;~;, . DUEpN CLASS'C' IWTANGIBLE pEFiSOMAL PROPERTY, ~ PUNSUANT TO CHAPTER 2072<, ACTS CF 1941, , ~ , . RGG. R PO1TR- C.urt . . . > . , Cisrk Circuit . ; ~ " ~ ~ as A~ent fot CU TIS M. JA.'AfS . , . . . . , . ~ ! ~ . ~ : ' ' . St. Lucis ~ountr Tax Cotlscror _ . : . . . , ~,.C l/ ~ . . . . ; gr ~ -~'~:.~r~' : : . . , . . ~ ~ - . ~ DEPUTY . ~ . . ; . - C~ERK . _ , . . . , . . . . . . . _ ' toEetF~ with ali ar~d sJn~ubr the trnemanrs~ heredit.ments .~d s~urc~ ch.r.~?ro bea~tn~ or t~ .nyw~~ aPpsratn~~ therero, and - j all rents. fswes~ procss~s and profitt sccruln~ and to aarue from ~Id premises, all of which ~ra inciudsd l~ ti~s atwvs ar+d fore~oir+~ de- ~ suiption and Fwbar~durn. TO h1AVE AND TO HOLD t~s sbovs destribed and g~anted premtses ur~to the sald MOR7GI~GEE~ (ts waes:ora and ssil~ra fortver. P~nd ths uld MORTC/IGOR for_._.~e~r r,e~~, exewtors, administrators and assigns, hereby cover?snts with ths said MORTCJIGEE, ih wttes- ~ the are M rt,~r .ro f.~ sors ~nd assl~ns, that__ y .Ylav+rfully sie:ed of the ssid premises in fee :impb; , clear and dis- char~ed from aU Uens snd entumbrances in law or tn equity, and t?~t.__xtl~~_ _ wili snd __5.~1~~_~ ~heta ahail warrsr~t ar~d ~ ~ . defe+td the titk to tfie same ro the sald MORTC/1GEE~ tts sucteuors and assigrts, farevar sgainst the lswfui tlatms and demands of all porsons; ~ PROViDED. ALWAYS tfiat If the MORTG/1GOR si~all pay tmto the MORTGAGEE tfie promissory note hereinbefore described. and i st~all lrulY, promptly and fully perform. discharge, execute, oornplete~ compty with and abide by each s~sd every tfie stiputattons~ sgrcements~ ~ conditior?s and covcr~snts of satd promissory note ind of tfits Mortgage, then this Mortgage aad N~e Estate hereby created shaU cease and be # ~ull and votd. . ~ IT IS UNDERSTOQD that the word "Mongagor' whether in the sing~ular or piursl snywhere in this Mort~a~e. shsif.be stngular tf arN ~ oniy and shall be plura! jointly and severa~ly if moro than o~~ ar?d that the word "Thair" as used anywhere 1n tfils Mortg~~e shall be taken j to mean "'his," "her." or "its," wherever the confext so implles or admits. Also, that wherever thsre Is a referenc~ in the cavenants and i agreements he~ein contalned M any of the parties hereto, the same shall be constn~ed to mean as well as the heirs~ legal represantatives~ suc- ~ cessars and assigns (either volu~tary by act of the partles or involuntary by operstion ot tha law) of the ssme ar~d that the cove~ants herein tontained shall bind and the benefits and advantages tnure to the ~espective {xirs, Isgs) ropresentativas, ~~successors and assigns of the ~ > parties hereto. ~ • And saic# Mortgagors, for themseives and thef~ heirs, tegal repres~ntatives, successors and assigns, hereby jointlY and se~-a1ly cove~ant and agree to and rerith the astd MORTC~?GE~. its successors and assigns: ~P~ 1. To pay all and stngutar the prirxipal and interest a~d the various and wndry s~s of ma~?ey payabb by vtrtue of said pranissory . note. and this mortgago, each s~d every promptly on the days respect+vely the same severally become due: ; 2. To pay all and stngular the taxes~ assess~~entsr-kvtes, Itsbllitia. obli~ations mnd tnam~br~nces of avery natu~s and kind naw on taid d~scribad proptrty~ or th~t heresft~r may bs irnpoad. wffe~ed. plsced, {~v1ed. or sssessed th~reon or th~t hsrs~ker msy be levied ot assessed upon thts Mortgsge, or ths (ndebtecir?~ss sowred hereby. each and every, wl+an due srx! paysble according to law, before they be- ~ COf~16 f~CII~IQLM1, md beforo ariy interat attaches or sny penaity is incurred; and insofsr as smr thereof (s of retord the same shall ba prompHy ~ satisfied ar~d dischsrged of record ared tfie ori~inef offkial ducument (wch as~ for (nstance~ the tax raceipt ar ths satisfaction p~par offldally andorsed or certified) shall be piated in the hands of sald MORTGJ?GEE within ten days nsxt after payma~t, ~rd i~ the ~vent thst any tPxsroof ts rwt pald. satisfkd and discharged, smid MORTGAGEE ~ay at any time pay the same or ar~y pa?t therwf vrit}tiout walvl~g ar affecttng sny ; opNon~ IiMr equity, or right under. or by virtue af this Mortgsge. snd the fuii amount of esch snd every wd~ p~syn~ent s,h~ll be Irtwnedi~tely due snd payabte and shall bear interest trovn the dato thereof uniil paid at tfie rate of six ar~d six-tmths per ceotum per ar~mxn and togetlxr ; with such i~terest shali be secured by tfie lien of this mortgage. 3. To plsce ~d continuo~~sl~e keep on tha buildings now or hereafter sitwted o~ sstd land and on aN e~qulpment arM person~lty tav- ' ered by tfiis mortgage, with all pr~mtums thereort paid in full, firo insurance in the uswl standard po}icy form, tn s wm approved by ths . ' MORTGAGEE, and tomado inwrance In the uswl stand~rd poiicy form,in a wm spprorec! by ttx MORTGACEE. in wd~ tomp~sny or cvrt~psMes as the MURTGAGEE may direct; ar~d al! fire snd tomado insursrKe polictes on any of said bu~Win~s. any i~fterest tfiaretn or rt tlxreof, in the ~ , s pa i aggregate sum atoresafd or in extass thareot~ shall contsin tfie usual standard mortgagee ttsuse ot wch other ctause ss the Mortgagee may requlre. making the {oss under said polkks, e~cfi andewry , paYsble to said MORTGAGEE as its t~tercst msy appes~, ~ndesv(? snd every ; such policy shall be promptly sssignad ~nd deliverod to and heid by sald MORTCJIGEE u lwther sewrlry ro s~W morry{a~e debt, and, ~ot ~ ~ • kas ths~ ten (10) days fn advsncs of ths expfntion of each poiky, b detiver to said MORTGJIGEE s rerseyval tt~eaf. toartfier with a rocet - for tfis promtum of wcfi rer~eMrai; snd tt~e shall be no fire a tornado inwranae pisced on any of said buiWin~s~ eny Mte~ast therein o~r part thereof, unless tn tf?e fortn snd vrith t~e -loss payable ss aforesaid; ar~d in the event any wr» of n~~ay bacar~ss pay~bk w~der wch i fFIRC-2S1-iM-S64-M n• R~ ~O~ , ' ~ S 1'~~t'~l~Jt„~ . t.