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Home My WebLink About2381 1 ~ ~ ~ ~ _ r T1-fIS INDENTURE, Madc the..----1.`~C~1_ Day of ._..-----re~1TU~lI;y- C)C) ~ - . A. D. 19-------, behvicen~~ ..l-1~~LL J. SMI'i'f-1 ~ncl R4~E 1~1t~~1hL,LY_SMITl1, .;?is ~vife ; . _ - . . . _ - - of _ SC. . LUC1E: . County, Florida, hereinafter designated as the "MOR7~GAGOR," and FIRST fEOERAL SAVINGS AND L~AtV ASSOCIATION OF INDIAh! RIVER COIJNTY, a corporation organized and existing under the la~vs of thQ United States of Ame~~ca and having its pr+ncipal place of business in the City of Vero Beach, Indian River County, Florida, hereinafter designated as the "h10RTGAGfE." ~ ~VHE A the MOR7GAGOR is ~ust i ~ted Rthe MORTGAGEE in the sum of~~.~VE'.r~lOUS811C~,__Five I-lundred ~ _ . - - - ~ i111C~ 11O ~~_--_-----.°--_--_--(5.~~~Ul~.~t1____._,_.) Dollar, gooc! and lawful money of the United States advanced by the MOR~~GAGE~unto the MORTGAGOR, as evidenced by a certain promissory note of even date l~erewith, of ~vhicl~ the following in words ' and figures is a true eoay, to-~vit: s 5, 5Q0. QO___ ~j5~~ No. . _ _ Vero Baach, Florida, ~eblll~lT~~ 1~ 66 • ' - - 19------ - For value rece+ved 1 or we jointly or sevarally promise to pay to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of $_~J~ ~QQ. QQ.. at its office in Vero 8each, Ftorlda, with inte~est at the rate of___..._6. 3_ per cent per annum, in the following manner: . ~-SJ.'-~_____.___ upon the first of each and every month hereafter unti! the full pr;ncipal sum, with interest, has been paid; said monthly payments shall be applied first to the oayment of interest on the unpaid balance, and then to the payment of principal. This note is negotiable and if default in payment occurs, may be placed in the hands of an ~ttorney at law for coll~ction, in which event 1 or we agree to pay the costs of collection, including a reasonabte attorney's fee, and each of us, whether maker, guarantor or endorser, - hereby severally ~vai.es demand, notice of non-payment and protest of this note. ./sJ~-iall_ J , _SI111L~1 .______(Seal) ; - - - - /s~Rose_Brinkley__Smith _ _ _ cs~au ' In the event any payment is not made prior to the 20th day ot the month when duQ, then this note shall bear iMerest at the rate of ; 8.4% from the date any such payment became due and throughout the period of such delinquency. State stamps paid and cance!!ed on original of this note in the amount of 8_• 25 ~ NOW, THEREFORE, the MORTGAGOR for the purpose of securing the payment of the said sum of ~ st_sSQQ,._~Q_.______ and the ~ pe~formance of the covenants and agreements hereinafter exprecsed, and for divers good and valuable considerations, by these presents, does grant, bargain, sell, remise, release, convey and confirm unto the \+tORTGAGEE its successors and assigns, all that certain lot, piece or parcet of land, situate, lying and being in fhe County of ..___SC._ _L1UC1~_._.________ and State of Florida, described as follows: The West 60 feet of dle East 300 f~et of Lot 10 of MARAVILLA GARDENS, UNIT ONE, as per ~lat thereof on file in Plat I3ook 6, at Page 55 of the Public Records of St. Lucie County, Florida, Tt)GETHER ~vith all `impi•ovements tliereon and together ~~vith all furniture, fixtures and equipment l~cated in ~lie dwelling ]iouse situate upon the above described property. ALSO start at the NW c.orner of above described property. Thence run V4'est along North line of said Lot 10, . 12 feet to a point; tl~eilce xun Southerly to a point on South line of said Lot 10 that is 'l. 25 feet West of the SW corner of above described property; thence ~ run East on South line of said Lot 10, 2.25 feet to the SVV corner of above described property; thence run Northerly on West line of above described property to the point of i - be innin The ro ert hereb described bein a stri 12 feet at the North and 2. 25 ~ g• P P Y Y g P• feet at the South lying immediately West of and adjoining the West boundary of the West 60 ; feet of East 300 feet of said Lot 10. The Lot hereby conveyed having a South boundary lines j measurement of 62. 2'5 feet, a North boundary line measurement of 60. 12feet and East and ? West boundary line measurement of 135. 25 feet. together with all and singular the tenements, hereditaments and appurfenances thereunfo belonging or in anywise appertaining thereto, and all ~ents, issues, proceeds and profits accruing and to accrue from said premises, all of which are i~cluded in the above and foregoing de- scription and habendum. TO HAVE AND TO HOLD the above described and granted premises unto the said MORi'GAGEE, its successors and assigns forever. their_ ~ " And the said MORTGACAR for___.___ heirs, executors, administrators and assigns, hereby covenants with the said MORTGAGEE, its succes- sors and assigns, fhat.______~1~}~__3~~____________.___lawfully siezed of the said premises in fee simple; that the same are free, clear and dis- ` charged from all fiens and encumbrances in law or in equity, and thai.___Z]le~._________ will and ___~lr_..___._ heirs shall warrant and , defend the title to the same to the said MORTGAGEE, its successors and assigns, forever against the lawful claims and demands of all persons; PROVIDED, ALWAYS tF?at if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and shall truty, promptly and fully perform, discharge, exE*cute, complete, comply with and abide by each and every the stipulations, agreements, conditions a:~d covenants of said promissoy note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be null and voi~1_ - IT tS UPJDERSi~OQD that the ~vord "Mortgagor" whether in the singular or plara! anywhere in this M~rtgage, shall be singular if one only and shall be plural jointly and severally if more than one, and that the word "Their" as used anywhere in this Mortgage shal~ be taken to mean "his," "her," or "its," wherever the coniext so implies or admits. Also, tFiat wherever the:e is a reference in the covenants and agreements herein contained to any of the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, suc- i cessors and assigns (either voluntary by act of the parties or involuntary by operation of the law) of the same and that the covenants herein ~ contained shall bind and the benefits and advantages inure to the respective heirs, iegat representatives, successors ancl assigns ot the f parties hereto. t 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 MORTGAGEE, its successors and assigns: 1. To pay all and sing~~lar the principal and interest and the various and sundry surr~s of money payable by virtue of said promissory • note, a~d this mortgage, each and every promptly on the days respectively the same severalty become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on ~ said described property, or that hereafter may be imposed, suffered, placed, levied, or ass~ssed thereon or that hereafter may ba levied or ; assessed upon this Mortgage, or the indebtedness secu~ed hereby, each and every, when due and payable according to law, before th~y be- i ceme delinquent, and before any interest attaches or any pena(ty is incurred; and insofar as any thereof is of record the same shaN be promptly satisfied and discharged of record and the original official document (such as, for instance, the tax receipt or the satisfaction paper officially endo~sed or certified) shall be placed in the hands of said MORTGAGEE ~vithin ten days next after payment; and in the event that any thereof is not paid, satisfied and discharged, said MORT'GAGEE may aY any fime pay the same or any part thereof without waiving or affectJng any option, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall~bear interest from the date thereof until paid at the rate of six and~c~E enths per centum per annum and fogether ~vith such inierest shall be secured by the lien of this mortgage. Ulree 3. To place and continuously keep on the buildings no•,v or hereafter situated on said land and on all equipment and personalty cuv- ered by this mortgage, with all premiums thereon paid in full, fire insurance in the usual standard policy form, in a sum approved by fhe NORTGAGEE, and tornado insurance in ihe usual standard policy form,in a sum approved by the MORTGAG£E, in such company or companies ' as ine MORTGAGEE may direct; and all fire and tornado insurance olicies on an of said buildin s, an interest therein or P Y 8 Y part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause or such other clause as the Mortgagee may F require, making the loss under said policies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every ' such po{icy shall be promptly assigned and delive•~J to and held by said MORTCAGEE as further security to said mortgage debt, and, not 3 less than sen (10) days in advance of the expiretion of each policy, to deliver to said MORTGAGEE a renewal thereof, togethe~ with a receipt x for the premium of suth renewal; and there shall be no fire or tomado ins~~rance placed on any ot said auildings, any interest therein or part thereof, unless in the form and with the loss payable as afcresaid; and in the event any sum of money becomes payable under such FfIRC-251-1M-5-64-M _ R ~ ; 5~t~x~~8 57~ ~