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Home My WebLink About1390 . • ...~..~~.~~F( ~ . THi~ INnENTURE, ~ Mada the~..!~nd Day of_~4isem~~._,.~__.._._,__..~_...~~v~~~A. D. itp betweari h~ip RV rN MEL''~'ON and SA LLX W. ME L,TON~ hi a wi fe~~_~^ ; ~ ~ r° 1--..__.----•---------...__..~--- ..~_..___Y._.._. - - ~ of~__~_i!::.~~~fe...__. Coesnty, Fforldi, heralnafter deslgnated ac the "MOR'fGl1COR;' and FIRSI` ~EOER11l, SAVINGS AND ~ . Lt~A~•ASSOCIA710N~ O~ INDIAN RIVER COUNTY, a corporatlon organized and existing undet the laws of the Untted St$tes af Ame~ica ~ , ar~.d-h~Ying jts F~ir?cipal pla~ce of business tn the Ctty of Vero 6each, tnd~an Rlver Carnry, Florlda, herelnafter dasignated as thd "MORTG/~GEE" ! . : . , . : :N~: ~~~~..th~~RT~~R~~.I~tl ,1~ t e MORTGACEE in titie sum of__..a~~'e~~R~~S~'ll_~~lQl1$~11~..~.11(i ' - (s--~I Doilars, good end lawful monoy of the United States advanced by the lGJ~GA~EE ~nro.tj~•MQRTCAGOR, as evidenced by a cerialn promissory note of even date herewith, of which the following tn words i ' arW f,j~u~ki~Is~a~itt~erdQpy~:tawih ~ , .f • • . ; ~L ~ , ~ ~ . - ~ . No..------•--•- - ~ , Vero Boach, Florlda~ --_~~C~l~~x.~..___-------.___.-- 19.__.b~ ; - For value recetved 1 0~ we jolntly or severaliy prom(se to pay to FIRST FEDERAI SAVINGS /~ND LOAN /ISSOCIATION OF INOIAN ~ . M RIVER COUNTY, the sum of ~..17.t.~~! at Its office in Vero 8each, Fio~ida, with intarest at the rate of___. 6~~~~. ~ psr cent per annum~ in tha failowin~ rnanner. ~ S 170! upon the first of each snd every mo~th hereaite~ until the full principal sum, with interest, has betn psid; satd i monthiy payn~ents shall be appited first to tha payment of tnterest on the unpaid bafance~ and than to the psyment of printipal. ' Thi; nota Is negotiable pnd if defauit in payment xtun. may be placed in the hands of sn attomey at taw for collettton, In whtch i , event 1 or ~+Je agree to pay the costs of collection, Including a reasonable attomey's feo, and each of us, whethe~ maker~ guaranto~ or endo~ser, ` hereby sev~s'aMy waives demand, notice of non-payment and protest of this note. ' . . ~ ' . ` " ~ ----~s~ _ Marvin _ E. _ Melton ----------------~__cs~~~ , , . - . . . . ~ , - - - - - ~ ~ ~ ~ ,w - ,q ._.fsJ Sall~r_W.:.Melton----------_ ___cs~i~ ~~~m49nt~ny'payment is not mado priar to the 20th day of the month wfien due, then thls note shail bear interost st the rate of ~ ~?,~:~{~fi~'rorn t aat~ sr?y- such payment beeame due and throe~ghout ~the par(od of such deNrsquensy. ~ . -IVLS ' ; t•' = 5tate s~~ paid and cancelled on original of this note in the amount of ~_~~i~Q:.~.~____ •,n/~p~7tF.ltfyEREFORE, the MORTGAGOR fat the purpose of securing tha payment of the ssid sum af S.. ~7~....~..~aQQ_~ and the perfortnarice, of the covenants and a~reemen4s hereinaher expressed, and for divers good and vatwbk eor~stderattons. by thase presents, does ~rant, bargain. selt, remtse, telease, convey and conf(rm unto the MORTGAGEE ih succeuors and aulgns, all that certain lot, pteco or pirce) of . Isnd. situate, lying and being in the Couny .of ;_i~st~! LL4C~~: a~d State of Flor~da, descr)bed as foUows: - . - ~ ~ ° ~ ' Commencing at Southwest corner af West 1/2 of Northwest . quarter of Norttiwest quarter of Northesst qu~pter, Section ~ 9 Townshi 3S Sauth, Ran e 4~ East and run East 152. . ~ . , _ . • P S 3 feet, ~ . • thence run Ncrth 30 feet for point of beginning~ thence caitinue . . ~ to run North 131.3 feet. thence run Eaet I00 feet, thence run ~ • South ~31. 3 feet, thence run V~'est I00 feet to point of beginning. All ~f the furniture furniahin s fixtures a liances and e ui ment naw ~ g, ~ PP e q P in the building located on the above described property~ and which may here- ~ . after be p~aced by the mortgagor hereunder in the buildtng located on e~id . ' ~ `~s, property while any sums remain unpaid hereunder. : ; ~ _ . , , , ; t ~ ~ ' . _ I . . . . ~I ~ . _ . . : . . _ . to~{ather with aN artd tln~ular the teriements, htreditsmenfs and sp~urtensncea thersunto b~icm~in~ or in u?ywise appertaining thereto, ~nd f all ra~ts. tswes~ proceeds and profit: accruln~ and b accruo from sald premtse~~ all of wfikh aro included tn the above snd foregofng da- scriptlon and hsbandum. ~ TO HAVE AND TO HOLD th~ above deswibad and ~rpnted ~romises unro the sald MORT~/1C~E, tts successon snd sstiQns forevar. , ~ Md the sald MORTGAGOR for__~S~~t~etrs~ executon. idministrators ar+d assigns, hereby covenants wlth ihe said MQRTCAGEE, its succes- sors ar~d asst~ns, that_~~- 8Y~'• ~__lawfully siezed of the said premlm in fee stmpb; tt~at the same are free~ clear and dis= i. - ' : charged from all I[ens and atcumbrances i~ law or in cquiry, ana t~~---.~ theY~. ~n ~a _ their ~yil vramnt snd + defend tfie titb~to the same m the said MOR7GAGEE~ its wccessors and autgns, forever against the lawtuf claims ar~d derr~nds of s!I persons; ~ PROVIOED~ ~lLWAYS that if tF~e MORTGACOR sha!! pay unto the MORTGACEE tf~e promtssory no3e hereinbefuro descrtbed, and slwll truly. Prorr,ptly arx! fullY perform, discharge, e~cute~ oomplete. comply with and sbide by eath and every the stipulatiais~ agreemen»~ cor~ditions and covena~ts of said pranissory note and of this Mortgage. tF~n this Martgage and the Estata Ftereby created shaN tease and be ~ null and votd. ; - 17 IS UNDERSTOOD that the word "Mortgagor" whether in the s(ngular :or plurai snywhere in thls MortgaQe, shatl bs singular if on~ crdy sr.~ sh.:!! bs p!z~a! ;~~tl; ?n~ ~vPrally [f more tF~an one, and that the word "Their" as used anywt~ere In thts Mortgage shall ba taker~ to mcan "his," "her." or "its." whe~ever the context so implles ar arlmlts. Alw, that wherever Nxre is a reference in the cove~ants and sgreements herein contained to any of the panies hereto, tha same shall be const~ued to mean u well as tfie heirs, legal represe~tatives, wc- . . cessors and asstgns (either vofuntary by act of the parties or invotuntary by operatton of the law) of ihe same and that the cavenants heretn ~ contained shall b(nd artd the benefits and advantages inure ta ihe respective heirs, tegal representatives, . wtcessors and ass(gn3 of tfie ~ . ~ parties hereto. ~ And said Mortgagors, for themselves and their heirs~ legal representatives, successors and assigns, hereby Joindy and severally covenant and agree to and with the said MORTGAGEE, its suctessors and assigns: _ 1. To pay all arx! si~gular the principal and interest and the varlous and sundry wms of money payabie by virtue of said promissory ~ { note, and this martgage. each and every promptly on tha days respectivety the same seve~ally become due. 2. To pay ail and sin~ular th~ tanes, astessrnents. levies. Itsb(ilties, oblf~ation~ snd Ir,cumtsra~oes of wery n~hm and kind now on ~ ~ . s~ld described proparty, or thst hereaher may ba irt?posed. suffered. placed, levied, or assessed thoreon or thst hersafter rn~y bs {evted or asseuad upon tfiis Mortgsge, or the Indebtedness setured herebY, each and every~ wfien d~te and payable aocmding !o law~ before tt~ey be- ~ ; ~ corne deltnqaient, and before any Interest sttaches or sny penalty is incurred; and tnsofar as amr ttxreof is of retord the same aF~sll be promptly satisfied and discharged of record and the ortginal o#ffcial document (wch as. for instance, the tax receipt or Hx satisfact(on pspar offidally endorsetf or certified) sha!( be placed tn tfie hands of satd MORTGAGEE wiihin ten days next aktr paymmt; and in ths s~vaft that ar~y thenof • i: not p+ld, satist~ed sr.~ dischar~d. s~id MORTC/1GEE may at any time pay the same or e~y pa~t thereof wtt~hout wstving or affettln~ a~y , option. Uen~ equiry. or ~ight u~der or by virtue of this Mortgage, and the full amount of each- and every such payrrxnt shalt be imrnedlaMly due and payabk ~and shali bear interes~ fran the date thereof unill paid at the nte of stx and ~te~ths per centum per snrxxn snd to~sther with stxh tntertst shall be secured by tix Ikn of this rrwrtgage. - - 3. To Ixe snd continuousi -~'ee ~ ~ p y keep on the buiWings now or hereafter situated on said and snd an afl equipment and pstsonsfty tov ~ ~ ered by this mortgage, with ali premtums thereon paid in full. fire ir,wrance in ihe uswl standard po)ity form, in A wm sp~oved by tfio ~ MOR7GAGEE, and tornado inwrance In the uswl standard policy form,in a sum approved by tfie N40RTG/1GEE. tn wch oompar~y or oo~nks as the MORTGAGEE may direct; and all firo ar~d tornacio ir~sursrxe policies an sny of satd buitdings, s~,y t~ter~r r~,.~esn or wrt rhetsoF, in the ~ ~ sggregate sum aforesatd or in excess thercof~ sMil eontaf~ tl~e usw) standard mortgagee dwse or wch otttier clause as tfie Mw~tEsgee msy ~ requirc, making the la~s,t w~der said politles, each and every ~ payabb to said MOR7GI~GEE ss ih irtterest may spp~a~~ a~d eath and every ~ ~ ~ sutt~ pollcy shall be p~omptly assi~nod snd delivered to at~d fxid by said MORTGAGEE as further seturity to st}d n~ortW~a debt~ and, not ~ ~ tess tt?ari ten (10) days in advance of the exptration of esch p~lky. ta deliver to sstd MORTG/1GEE a rer~ewal ther~of~ to~etfier with a recelpt ~ ~ fof tfie premtum of s~~h rertewal; a~d thero shall ba no firo or tonnado-inwnrxe placed on any of saM buildingf. any interest therein or { pari tfiereof, unkss tn the form and wttfi tf~e (oss payabb as aforesaid; and in the evtnt any wR? of rr:oney b~comes p,aysble under such ~ ~ FfIRC-251-1M-~b{-M O. R` . ~ n ' - 8A~ I( ~Q~ FA~El~l1