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TNIS IP}OENTURE. Macie tl?e 28th ~ay of 1UliC , A- G 19 ~ i , t;ct..rrn
_ wc~o?~, a~~~t:r~ ~~Nn ~lssoc.tt~~r~s, t?~c:. . . _ . . .
St. I.UCIe County, Florida. 1:e~eina(ter desiqra~~~cf as the "MORTGAGOR," and fIRST FEDER/ll SAVI~;('.S ANI~
IOAN ASSOCiATIOh OF INOlAN RIVER COU^lTY, a c~~rporat~e~ o~gan~i~~ ancf ex,snng under the ~a..s.of the U~~~tcd Statet ol AmcriCa
and hawng ~ts Frmapal place of business in thc Gty of Ve.u Beach, Ind~a~ e2~vrr County, Flonda, her~~~nafter dCSignatt~ ai 1he "MORTC'.AGEE."
~y~~~q~ t p~~,/~GOR~s justl 1~10RTGhr.~EE ~n the sum of ~eve~teen Thousa~~d Six
1(lllh.~l1Ell iii1C1 ~~IVII ' ~s I/~ (~W V4 ) p~i:,~rs. sa~c1 snd;~a~vtu! m~~eY of tne Un~tcd S;ates ad.anr~d by th~
A10RTGAGEE unro the MORT~,/1G.7?Z, as ev~denced by a certain orom~is~~y no:c uf c.co Jate hcr.~.v~th, of wh~ch the to~lo•n.,,e ~n wo.As
a:~d f~gu~es ~s a t~ue copv, to-w~t:
S 17, 600. 0(i N~.
Vero E3each, Ftoriw. ~UnE' 2~~ 19 71
Fur value recei.•ed 1 or we jointly or seYeraily prom~se to pay to F~RST fEOERAL SAVIf~GS MID LCAN ASSOCIATION OF INOIAN
RIVER COJNTY, the sum of S 1 7a 6~• ~ , at i2s oft~ce ~n Vero Beath, Flwida, with interest at tha rate of 7• S/J
; er cent per annum, in the followinQ nwnner:
S 1'~1. g6 upen the fi?st of each and every month hereaftar until the full p:~ncipal sum, with ~n"terest, has t.een pa~d; said
monthly payments shail be appl~ed fint ta the payment of mterest on the ur.pa~d balance, and tt?t •o the payment of principal.
Tnis n~te is negotiable an:! if default ~n pavment occurs, may be p~aced ~n t?~e hands of an attorney at law for collecf~on, ~n wh~ch
°.•ent t or we agree to pay the costs of cotlection, includmg a reasonable atromey;t.f p~~+ ot - taF~~~i?dl~c~ gy~ ~r~q~,qr `q;~~
hereby severa:ly waives dem~nd, notice of no~•pavme~t and protest of this notE j lJl t~l) f\JJll~ltl [ L'J, 1NC,
~ ~ ri ur F,~~~~ ~ cs~a~~
E3_y , s h .
P,resident
- .r\ttes W ? ~ ~~~n•~ ~
er
ary-Tr ~e~l~rer
In the event any payment is not made prio~ to rhe 20th day of the ~~w 21ue,~~1S~1~7S7+~~iTbear interest at the rate o1
~.~8~6 frem the date any such payment became due and through~ut the penod of such delinquency.
State stamps paid and cancelled on ong~nal ef this note in !he amount of S 2~•. 4~ .
~ of boo, a~
NOW, THEREfORE, the MORTGAGpR for the r g the payment of the said wm of S ~ and tF+e
y~.formance oF the c:venants and a3reeme~ts hertinafter expressed. and f~ divers good an~ vatuabte considerations, by these presents, does
grant, bar~gain, sell, remise, release, convey and conf~rm unto the MORTGAGEE irs s~,ccessors and ass~gns, aIl that certain ~ot, piete w parcel of
Iand, situate, lyi~g and being i~ the County of St. I.UCIe and State of Flarida, described as follows:
l.ots 6 and 7 of Qlock "E", in Mr1RAVILI~A TERRr\CE, according
t~ the Plat thereof recordeci in Plat Book S, page ~0 of the public
:
e.~Qrds ~f St. Lucie County, Florida.
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Q'.!E ON CIJISS 'C IN?A'iC'M_r fSS;7;y~L P?OPER;Ir,y
S I A r~~F F- U Ft I u A P~' ~'-~~~+i ro cruP~a : r~~.,. Ac
vOCUNEN7A~~ STA~1P TAX f,OC~R PO(tF rs oF I9~t~.
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~o,,, ~IS. Cltrk CIfCU!= COYft
o = .~11a71 s:~~' 4, ~ ~ = ~ ~?t fot OANIEL N. ~
• s-'• ?LtOWIES, 1R
~ U UF~i.Cf CE?E[tl[~' •1~ ~`T O~ C0~ Tu CiOIICLtQ(
P.B.~9o~~z _
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' DEPIl1Y CIERK
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r~gether witn all and singular the tenements, HerP~~taments and appu~tenances thareunto belonging o. in a~ywlse appertami~g therero, and
~ a:~ rents, issues, prcceeds and p.~i:ts accru~ng ,nd to accrue from sa+d prem:ses, a!I of vrh~ch are inci;,~ m tl:e a~-fe and fore~~rtg de-
i stript~on 2nd habendum.
~ TO HAVE AtVD TO NOLD the abo~e v a g~anted prem~ses unro the sa~d iNO~iTGAGEE, its successo.s and ass~gns Forever.
~ SU~ `..SY~OY'~ ~ ;
And the said MORTGAGOR far 1tS 1~~ e~ecutors, administrato~s and ass~gns, hereby covenants w~fh tF.e sa~d MORTGAGEE.
~ts wcces-
~ ss.s and auigns, that . lt 1S _ lawfully se,zed of the sa~d prem~ses ~n tee simpfe; that the same f d~s
SYfcL~S~PdY~
~ c'u.ged from all liens and encumbrances en iaw or in eQwry, and that lt w~ll and 1tS X~~C shal! warrant and
,:efend the t~tle to the same to the said MORTGAGEE, its successors and au~g~>, forever against the ~awful claims and demar~s of alt persons;
~ PROVi~ED. AIWAYS that if the MOit7GAGOR shall pay unto the MORTGAGEE the prom~ss~.y note here~nbefo.e descr~bed. and
z~~'I t:uty, promptly an~ fully perform, d~scharge, execute, complete, comply w~th ano ab~de by each and every the shpulanons, agre~ments.
~ c~ndi!S:+~s ar.~ covenants of sa~d prom~ssory note and of th~s f~le.tgage. then fh~s Mertgage and the Es*are hereoy created shall cease a:~d be
null and vn.~1
~ IT I$ U~~DERSTOOD that t~e w~rJ "!~'.~r:ga3~r" whether ~n t~w singular or pfural artywhere m th~s Mortgage. shall be singuia~ ~f o~e
-n!y and shaU oe p!urat ~~~nti~• ..nd s~:erat.y ~f m~re tnan ene, and that t^e wcrd "Their" as used inrwhere m t.^.~s M~.tgage shalf be rakcn
mean "h~s." "~er," or "its." w'~erc:er the c.~ntext so ~mpbes o. admits. Ats^, that where~e? there is a refere.-tica :n the tovenants and
~ d:,rP2TC~1t5 herem c~tained !o any o` the pa~t~es hereto, the Same ihd~~ be Con;trucd to mean as we~1 as the he~rs, legal representat~~~es, wa
=css~rs and assigns le~ther .:oiuntary bv act o` the p~~t~es ~r ~n~cfunsary b~ operat~on of the eaw~ ot the same and tnat the co.enants here~n
~ _~r3~ne:i sha'1 b~nd and tne ;:en^t~rc ad~anta3es inure to tne respechve heus, legal representat~v~•s, successors and ass~5~s cf th~
~ :~3rt~c'S ~eret0.
And sa~d 11o-tgagors. for themse~.es 3n~ their heus, tega! :ep~esentat~~es. ~uccesio.s and assigns, fierehy ~~~ntiy an.~ s~.eraily c~ve^ant
' ~~d agree to and .~~t~ the sa~d MORTGAGEE. ~ts w:t~isor5 and ass~gns:
~ 1. To pay ali and s~ng~~ar the pr~napal and mterest and the various an~ su.~dry wrtts o~rsaiey
W
3ble br +.i:tua o} s~~d prorrt~;s_ry
_ _~te. and th~s m~rtgage. each and every p~xnptly o~ the days respect~~~~y the same severally t,ncorr~e due.
2. To pay atI ar.d singu!er t~.e taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on
wa~d described prcpertv, ar that herea~ter rtw~ '~e :mpox~, suffered, ~!aced. Sev~ed, o+ assessPd me~een oi that hrreatrer may '~e le.~ed or
` c>ed u~n th~s hScrtgage, o. the mdebtedness secured Fereby, each and e~e.y, when due an~ ~avab!e acc~~dmg to '~w, befo~e they be-
:f
~ deLn,uent, a~d before any ~nterest d2tnChCS or a~y pe~alty is encu•red: and mwfar as any thereof is cf •ecord the saru! snall be promptly
' it~st~ed and d~sc~a~ge•~ ef re~~zd an~+ the or~q~nal cffiual docume~t 'suc~ as, fer in;tar+ce, t!~e !aY rete~pt or the sat~slac~~cn paper off~ualt~•
;'a e^~~rzrd or tert~f~ed) s~+a11 be placr.~ m the ~.~nis ~t sa~d MQRTGA'~,EE w~rh~n ten days next after paymrnt; arxS ~n thc e~ent that anv there~f
: s ~~r pa+d, sa+~sfted and d~xtiarged_ sa~~ MORT~AGEE may at any time pay tF+e same or any part the~eof w~tt,~t wa~Y~ng cr affecting a~y
's e~~, ~-en, eduity, er right u~der ~r by v~rtue ~f thts Mortgag~, and !he full amount of each and eYery such payrrwnt shall be~mmed~ateiy
'~t .;~e and a ab~e and s~all 5car mtcrest fro-n the .fare thercof until at the rate ofy j~ r c y~p~p annum and to et^.er
such ~nterest shall be secured by the hen ef th+s mortgagr. ~ •'~~~~~[~~C' ~IIZ[l~ 8
j 3. To plxe and to~'mu~~usly keep on the bu~~dmgs now or herea(tcr sft~.ated cn said iand and o~ alt equ,pment an~ pe.s~na~•~ c~y-
e~ed by th~s m.rt3age, w'h prem~unis tbere~;n Fa~d ~n full, fire insuran~e ~n the u;ual st.-~n;!~rd po!~CV f~rm, in a sum appr,:.cd uy th~•
~ `.'Oic:GAG:E. and tornad~ :r.su~~nte +n the usuel standard po~ity form,~n a wm approved by the MORTGAGEE, ~n ~uth tornpany c+r comparnes
~ ~s the MORTGAGEE r~ay d~rect; and a!1 f~re ar.;.a t~r~ad~ inwrance ;r~fic~es on any of sa~d buud~egs, any mrerest there~n or part thereof, m the
~ ageregate sum aforesa~d or exces> the~eof, shal~ conta~n the usual standard mor!gagee c~ause ^r ce.ch othe• c~ause as rhe Mo.tgagee may
~ •evu~re, making the ~css unde. sa~d po6r.es, exh and every, payable to said MQRTGAGEE es ~rs ~nteres! may a~pear, and each and every
~ wch poltcy shall be prompt!y assigned an6 dehvered ro and held by sa~d MQRTGAGEE as 1u~~her secunrS• to s.~~d murrsage debt, and, n~t
'~ss than :en ( l OJ Aays ~n ad~ance of tl+e expiratio~ of each pct~cy, ro del~ve? to sa~d MOR ~.r,AG`.~ a renewa? thereof, hser:.er w~th a rece~pt
rhe prem~um of such reneWal; anA there sha~~ be no fire o~ !w.na:io ~nsurance placed c,n any o! sa~~ hv~id:n~s a~~~ ~~•te~est tFrrC~r or
y; ~art fhereof, unless in the fo:m and with the loss payabk r aforesa4d: and in thr event any surr. of mone~ becomes payab~e ur?drr wch
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