HomeMy WebLinkAbout1567 i . 13~~3~
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TNIS INDENTURE, M~ t~,s._____~~1_,~ o~y of`~
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i of_....,.. Co~ny, Florida, t:efc'rn~~; dest~r~ated at tite "MO~2TG11C;OR." and ~IRST PFDERftL SAVINGS AND
LOAN ASSOCiAl'ION OF INDlAN RIVER COUN7Y, ~ co~pu:~~lon organl:rd and existing under th4 {aws of tM United States of Ame~iw
; ~nd having its princtpal place of business in the Cly of Verot~e~F`, fridisn Rlver County, Florida, heretnahar deslgnated As the "MORTCACEE" ~
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WH g the MORTGACOR I: ~ust 1 ~~,~q~ rK~ i~k~`~~~E •~m wm of. ~L~~IQUHStl~,~.EI.Y~ Hundred ~
~ and.no~l~.--=-~.•. (S~-~~(lU..-LlU--'1,.; Oaj~~~ gp2+d r.(awful mo~ey of the United Stat~ advanced by the
; MORTGAG E unto tha MORTGACAR, as evlckncad by a urtatn arpmis ry~ noia of ,3ven date herewlth. of which the following j t~~ '
snd flgures Is a true topy~ tawit: ' ( 1 ~
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~ s-'?a--~J--~~ A No.-----_..._~_____...
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i•~ . Vero Beash, Flo~ida, Noy.ember 24,'._,.._.-~-----,----- 19 64-- i
~or value raelved 1 or we Jolntly or sevenlly promise to pay to FIRST FEDERAL SAVINCS AND LOAN 11550CIATION OF INDfAN
~ RIVER C4UNTY, t~ u,n, o~ s2 ~QQ._t~_______:__.... 6 6
~ et its office In Vero Beach. Flortda, with intarest at ths rnte af.____.~____.~
per cent ptr snrxi~n, In tM foilowl~~ msru~ar:
S_25..-.~• j upon ±he frrar of each a~d everj+ month hereafter u~rii ~he fuil principal sum, arith Mterost, has been pald; satd
~ j month~y Wyments~sF~) tss,sppfled first M the paymertt of Interost on the unpald balance~ s~d thon to tfie payment of principal.
~ This no~o.{a~o~lab"t~ and if default In payn~t ocwn~ may ba placed in~the hands of sn attomey at !aw for mlletHon, In whlc~t~
E Qvent t w w~a igrce to p+y'1~hi~ costs of colMctlon~ includtnQ a re~sonable attomey s fee, ~rui esch of ~n~ whether maker, Qwrantor or encioner,
R hereby ser~erally wa~~res deinand. noNta of no~-payment ~nd protest of this ~ete.
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f -._..._.~.~~~»~--~'_""~~.'....~.~.-•"~\.70Y~ ~
~ ~ ~ fa t ~f ~a.L`J 1~ 1' - : = _._~$~LMar~aret H. Norris~__ c~,q
J~+~he even~ any pajyisx~t is ~ot rrwda prlor ta M~e 20th dsy of the mor~th when duo. then this rwM sF~ll bsaT Interoat at the r~te of
~ ~ 8.4% fro~tta~~jla ~e ~~i~ ~eh •payment became c~e ~nd throu~hout the pariod of sUch delinquency.
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i ti State s mpa patd and uncelled on orl~lnal of tfiis note ln the ainow~t of s---~ -~-•M_._,_._____. ~ ~ ~
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' . NOW, THEREFORE, the MORTGACAR for the purpose of secwing th~ payment at tha tald s~un of $~y~Q~.uQ~ •nd the
' puformanco of the covenants a~d agroements herelnaker expressed. a~d for dtven ~aod and yslwbk cortisidefations. by ifiese pr~sts, does
grant~ bargsln~ sell, remlu~ release~ convay and confirm ~to the MORTGAGEE its w~ccdssors and asstans~ al! tfiat cerbtn lot, piete or p~trtel of
{ . land, sltuste~ lying snd beln~ tn. the Cou~ty of St•__LUCl@ and Ststs of Florlda~ descrtbed ss folbws: ~
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~ - ~ ~ ~ . . Lot lfi, Block 5, LAKEWOOD PARK UNIT . - _
8A, as per plat thereof recorded in Plat . ~ . ~
~ . . Book 11, page 47; of the Public Records , _ . ~ ~ - - ~ . ~ ~ ~
~ of St. I~ucie County, Florida.
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4 . ; • ' R~CEIVED g
~ ' . , . DUEOH CU13S'C~ tNTAN~IBL ~N PAYME'i~1TOPT
PURSUAkT TO CHAPTER yp~2~ ~CT~S
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~ . . • , . : > . _ : . , . . . oOA nf Olt~tAS, Cfark Ctrcuit Ccvrt ~
~ - . - _ - . . . _ . . . ~ _ . _ _ _ _ 9 for CUTQ~S ~ ~~`S ` :
~ , ~ St. Lu~d~
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Y . ~ .,f'. . . . .
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. ~ - . ~ . . . . , . . . . . . ~~urr~
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1n[~ther with ill snd =t~~ular tFw tenert~enh~ hereciitaments snd sppurtertsr~s tFNC~unro belon;ing or tn sr~yyrtse appsrtatning Htsreto. and
~ sll rents, tawss. Aros~s and proHts sccruln~ ud to accrw from sald pr~lsa. al{ of whlch aro Ir~cluded In the abova snd fore~olns de- ~I
~ . strtption and F~at~end~ur~. •
. TO HAVE ~lt~lD 70 HOL~ rhe abave described and ~n~red pnmis~s unro tho s.td MOR7GAGEE~ tb u~e~o~s sr~d sssly~s forsvrr.
~ Md the satd MORTGACOR for_~~ir hein, executors~ admintsNaron a~d assigns~ heroby covenants with the satd MORTCAGEE~ tts s~eccas-
~ors and assi~ns, thst._.._._~ ~~%y are Iswfully slazed of the satd ~prernlses in fee slmpb; tfiat the same sro fre~~ clar and dls-
char~ed frorn aN Ilens and encurnbr:ru,~,t tn (aw or In equity. and that__ will sr~d ~eir ~II wansnt and
defend tiie Ntb b tfie sams ro the satd MORTGACEE, Ih s~x.cessors and asstgns. forever agalr~t the lawful clalmsind cien~snds of all p~rsorts;
~ PROVIDED. /U.W/1YS ttwt If tha MORTCal1GOR sha(1 pay unto tt~a MORYGACEE ti~e promiuory note hereinbefore descr16ad. and
~ shall truly~ promptlY ~nd fu11y perform, discharge~ axewie~ cAmplete, tomp}y with snsJ aWde by each and every the atipulations, sgreer»ents.
condltlons snd wvenants of sstd promiuary note and of thls Mortgage, then this MortQaQa snd the Estate hereby created shaU cease and be ~ ~
null and vo1r~.
k~ ~ IT IS tJNDERSTOOD char rhe word "Mortgngor" whather 1n the singular or plunl tnywhere in this Mort~aQa, shall be stngular if on~ ~
~ only snd shall be plural jolntly a+~d severally If more than one, and that the word "Their" ss used snywher~ ln t6~ls Mortgage sFwll be tske~
to mean "his," "her~" or "its." wherever tfie cor~text so impttes or admtts. Atso, that wherever thore ts a referencs fn the covenants and
; •preert~ents hereM coe~talned to sny of the psrttes hereto. the same shall be construed to mesn as well as the helrs, kgal representatives, suc. ~
eessors and assigns (elthe~ voluntary by ~ct ot the parties or tnvaluntary by operotion of the 4w) of the aaane and that the oovena~h-hereln
~ • contained shall bind and tfie benefifs and ~dvanta~es inu~a to tP~e respective helrs, lega! representatives~ suttessors and ssslgns of tha
. p~trttes bereto, - , _
~ Md sai~i Mortgagors, for themselves and tlxt~ helrs, legal representatives, waessors and asslgns, hereby jotnNy and severoly covenant
and agrce ro and with the said MORTGAGEE, its successors and asstgns:
. 1. To pay al) snd singular the prirxipal and i~terest and the various and sundry wms of mor?ey paysble by virtue of said promissory
note, and thts mortgage, each and every prompfly on the days raspectively the same sevenlly becorns du~e.
l 2. To pay all ~nd sln~ular the taxes, sssfssments~ levies, Itabilitlrs. obti~aNo~ ~nd tncwnbraMes of ~
~ ~ sald dacqlxd prop~rty~ or th~t F+tre~her twrY n+itun and klnd now ~
r+++Y ~~mPaed, wffersd, pl~cad. fwt~d, or as~s~od tt~ereon ar ttwt h~e~safttr rrfyr be twl~d or
~ : assessed upon thts Mortgsge. or the tndebtedrwess securod hereby~ esch and every. w!~ due snd payabb aaardir~ to t~w. beioro they bs-
s come dettnquent, and before sny Mterast attach~s or any pe~~alry is incurrod; and insofsr ss my theroof is of raoord the ssms shall b~ promptly .
~ i sstisRed snd.disdiarged of record and the orl~tnsl officlal document tsueh as, for insts~ce, tfie~ tsx rcceipt ar the satisfactia~p~par affidaly
endorsed or cenifie~ shall be placed In the hands of ssid MORTGAGEE witfiin ten days next aftar paymer~t; ~nd t~ tM eMOn~ tlnt sny ttwr+eof
is not pald~ ~aNsftad a~d dl~char~d, sald MpRT~J1GEE may a~ any ttme psy ths s~me orany part tfiefeaf wlthout walvMg or a attiy
~ optbn, Uen. squiy~ or rlQht under or by virtue of this MortgaBe. and the full amount of e~ch and every such payrnent sh~tl be hn~isbly
du~ md psysbb s~d shafl besr Intarest from the date tfiereuf w~ti( paid at the rate of six ~tnd stx-tenths per cantum per arw~n srtd tagether
4 with wch Interes! shall be securod by tfie Ilen ot thls mortgs~e. . • -
: 3. To pl3ce s~d continuously keep on ths bulldi~s now or hereaher sitwted on said Isnd and an afl equlpment and personalty tov-
` ered by this mort~sge. with all premturtu tha~ ps{d in futl. firo insuranca in the usuai stae~dard poliry form~ in a sum approved by ths
~ ~ MORTGAGEF, ae~d torr»do Mwrs»ce In the uu+~l stsndsrd polky form,in a wm app~oved by tfis MORTCACEE, i~ uKfi comps~y or cyompsnles
~ ss ths MOR7GAGEE may direct; and all fin and tornado k~uarxa polkks on sny of ssfd buildinis. snY Interest tMrain o~p~rt tfienof, t~ tfie
~ aagregate wm aforsaaid or tn excess tf~are~f, shall cantatn the uws! stardard mort~sgae cla~as or auch othar elause a: tF~ Mo~tssieee• msr
! requlro, mskln~ ths :ass und~r ssld polkies ~~ch a~dewry pay~b to stk! NIORTGA~GEE as Its int~srast may aPPeH~ and each ard every
~ wch poltry shail be Pon~ptb +ssiP~d snd iMUwnd b and ~FxW by
s~ld MORTCACEE as fixtF~ec security to sNd mort~art dsbt~ a~d~ not
kss ttrsn ten (10) d~ys ih adva~cs of ths e~cpiration of a~ch pofkY. to d~11~ to atd MORTC~ACEE a r~wsl tt~sreaf~ tos~ttxr with s reoNpt
~ 4 for the premlum of wch r~newat; a~d tfi~re sfi~ll be no Hrs o? torndo t~uwsnc~ P~d on amr of sald Ma1Wi~s~ s~r k?tenst tt~ein or
part thereof, unkss in the form and witfi the loas poiyaWe as aforesstd; snd M tM ewnt ~ny wm of morwy bscornes p~yal~N ia~dar such
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