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Home My WebLink About0973 22113'7 7H1S INDE~JTUFE, ~1a.ie the 21St . Oay of I.~ecember . n ~ 19 71 , betwaen MICHAEI. A. BUTT and I..INDA BL)TT, his wife, - ~f St. I.UCle Caunty, Fi~r~da, here~na?ter design~Ted as the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND LOAN ASSOCf•AT:O'~ OF !NDtA~d RIVER COU'~TY, a c~rp~rati~n aga~uzed a~d ex~st~ng under the ta~.s of the United Ststes of Amerlca and !u~~n~ ~!s p~~nc~pa~ D~~ce o4 bus~ness in t!~e Gry of Vero Beach, Ind..~n F~ver C~~unty, Flar~da, here~nafter ~es,gnaied as the "ti"ORTGAGEE." ~ Thirtv-two Thousand and no 100- WHEREAS the MORTGAGC~R is ~ustly2'de( b~ted• to~the MORTGAGEE ~n t~c sum of . ~ - - - - - - - - - - - - - - - - - - - - - - - ;S 3 1 Qoi :a~s. ga~d . ~nd ~aw'.u! m ~ney ot rhe Uni!rd Statet advar+ted by the MOFTGAGEE unio the MORTGAGJR, as eYidenced by a CCrtain prom~is~ry note .:t c~~e~ d~~e h~ri•.v~th, Of wh~ch t~~e follo~~n~ m wor~ts an~ figu~cs is a true copy, t0-wtt: S 32, 000. 00 . vero Beach, Fl~~;da. December 21, ~9 71 F:r value rece~ved I or we ~ointl~ or se.~erally prom~se to pay to FIRST fEDEnAL SA~~It~tGS AND LOAN ASSOCIATION OF It1~tA~l Ci\~ER COUNTY, the sum of S 32, ~Q. ~ , at its off~,e in Vero Beach, Florida, w~th intcrest at the rate cf 7. 5 aer cent per annum, in the followinQ manner: s236. upon the first ot each and every month herea~ter un~ii the full pnncipal sum, wilh iMerest, hai bi~cn pa~d; said monthty payments Shall be appl~ed first to the payment of interect on the un~~d balance, and then to the payment of prinCipal. This note is negotiable and if default in pavment occurs, may be p!aced in the hands of an attorne~• at law for collecn~n, in ~vh~ch event 1 or we agree to pay ttie eests of eollec!ion, including a reasonai:le atromey's fee, and each of us, wherher ma~.er, guarantor or endcuser, ~ereby severally waives demand, nocice of non-oavment and protest of this n~te. /s/ Michael A. BLltt (~a~~ j s~ Linda Buti cs~at7 In the event any payment is not ma~ie pr~or to the 20th day of the m~nth when due, then th~s note ihall bear ~nterest at the rate of ~X9b from the date any such payment became due and throughout the pe~~od of such deGnquency. ti, j o M State stamps paid and cancelled on o~ig~nal of this n;te in the am~unt of ~~o. w . iVOVV, THEREFCRE, the R".ORTGAGOR for the pu.p~se of securinq ihe payment of the sa~d sum of S 32~ ~0. w and the ~erformance of the covenants and agreements hereinafter expressed, and for d~~ers g~d and valuable tonsiderations, by !hese presents, doe.`s grant, bargain, sell, remise, release, convey and confirm unto !he ti10RTGAGEE ~ts successo:s and ass~gns, all that certain lot, piete w psrcel of land, s~tuate, lying and being m the County of St. Lueie and State of flonda, described as follows: 1'arcel 8: T= rom the Northwest corner of Lot 1, Block F of MARAVILLA HEIGHTS, as recorded in t'lat Book S, page 1, Saint Lucie County, Florida, run South 87°54'40" East along the tiorth line of said Lot 1, 130 feet; thence run South 0°17'43" West parallel with the West line of said Block F a distance of 700 feet to the point of beginning; thence continue South 0` 17'43" West 95 feet; thence run South 89°42'17" East to the West right of way of Sunrise Boulevard; thence run Northerly along said right of way to a point that is 95 feet due North c 1,.. C~..._.~L la~.. t l. ~1........-, hl....•*1. QA~A7~1'7" \lToc.t t~ ~l~o rv~ir~t ~F l~nnin»inrr l>t il1G .)IJUIU 1111C Ut L111A l.lall.C~1~ Ll1Gl1\.l. iuit trvllU V7 Z~. t/ ri~,o~ ~ar~. ~vaai~ v• u~.baa?auub. i THIS INSTRU~'IENT WAS PREPARED BY s 1FR0!~E D. QUINN ¢ SMITH, HEATM, SMITN AND O?iAIRE r P. O. BOX 5 VERO BfJ1CH, FLORID/1 32960 a p t~gether with all and singu~ar the tenements, hered~taments and appu~tenances thereunto belonging or in anyw~se appertaining the?eto, and ~ aif rents, issues, proceeds and profiss accru~ng an~ to a~crue from sa~d prem~ses, all of which are induded ~n the above and foregoing de- ; scnpt~on and habendum. ` TO HAVE At~D TO HOLD the ab~~e described and granted prem~ses unte the sa~d MORTGAGEE, its successors and assigns farever. ~ ~ And the said MORTGACAR for their heirs, executors, administrat~rs and assigns, hereby covenants w~th thx said MORTG/'~GEE, +ts surces- ~ s~rs and ass~gns, that they are ~awf„nti ~~Z~ of the sa~d p~em~ses ~n fee simple; that the same are free, clear and d~s ctia~ged from aIl liens and encumbrances in law or in equity, and that they a~~+ their ?,~,n s1,a11 warrant and ~ ,iefend the t~tle to the same to the sa~d MORTGAGEE, ~ts successors and ass~gns, forever aga~nst the ~awful claims and demands of all persons; ~ PROVIDED. ALWAYS that ~f the MORTGACAR shall pay unto the MORTGAGfE the promisSOry note hereinbefore dexribed, a~d ~ shall tru~y, p~ornptly and fully perform, d~scharge, execute, complete, comp~y w~th and ab+de by each and every the st~pulations, ag~ee:nents. c~nd~tions and covenants of said prom~ssory mte and of th~s Mortgage, then th~s Mortqage and the Estate hereay created shall cease and 5e ~ nufl and vn~A IT IS l)~:DEnSTOOD that the word "Mort a'r" whether in tno sin ular or 'ural ar. where ~n th~s M•~rt a e. shalf be sin u~ar if onC ~ Bg- g D~ v BB B ~ :~nky and shail be plural ~ointly end sr.-e:a11y ~f m~re than one, and that tre word "The~r" as usc~ anvwhere in tnis h1xtgage shal{ 5e taken ~ •o m^3n "h,,," "her," or "~ts,~ whe~^~er the c~ntex: so impl~es or admits. A~so, that where~e~ rhere ~s a refere~ce ~n the covenants and a~reemcnts herein c~ntamed fo any o~ the pa:t~es hereto, the same sha~~ be consrrued to mean as we~I as the he~rs, legal representafrves, wo- ~ cess~r, and ass~gns leithe- vciuntary bv act of t~e part~es or inv~lun:an• by operat~cn of rhe iaw! of the same an~ tnat the cotenants herein - c:nt3~r_,d sha':i b,~d and !~e ::en_*~ts ~~~d ad.antages m~re to the respectrve he~:s. fegai represe~t~t~ves, succ^ssors and ass~gns cf thr ;,art~es '~e~eto. ti= And sa~d M~ngagors, for themsetves and ihe~r he~rs, legai rep~esentatives, success~rs an~ ass~gns, tie~e5y ~c•~nily an~ se~eralty c~ve~ant :~-~d ag•'E'B 10 d~l~ ,n~th the sa~d MORTGAGEE. its successors and ass~gns: ; t. To pay all and singular The pnnupal an~ interest and the various and sundry sums of money Aa~abie tv virtu_ cf s.id prem~>~_rv n~te, an~ th~s m~~tgage, each and every p.omptly cn the days respect~vely the same se~•e~a!ly bee~me due. 2. To pay alt and singu~z. the taxes, assessments, levies, I~a~ilities, ob{igations and incumbrances of every nature and kind naw on ' ,<,~d dc~sc~ihed pr;;pertv, or that he~ca+ter may be ~m~sed, suffered, p~aced. ~ev~ed, or assessed tnereon or tnat nrea`tcr may be le:~ed ~r ` ~r.se,.c~d up~n th~s Mort3age, or the ~ndebtedness secured hereby, each and every, wtien duc an~ pavabfe acc~~o~ng to '~w, bef~~e they be- c:,me del~nquent, and before am~ ~nteres! aTtaches nr a~y penalty +s incurred; and ms~`a~ as any there~f IS OI •ecord the same shall be p~omptiy ;a >at~sf~ed and d:xha.ge~ ef record and t~e or~g~na~ otfiual dxument (such as, for mstance, the ta. receipt or tne satisiact~o~ pape~ off~uallv - endorsed or tert~fied! shatl be ptaced m tfie han~s of said MORTGAvE[ w~tn~n ten days next after payment; and ~n the e~ent that a~y the~ecl " ~s n~t ~a~d, sat~sfied and d~scharged, sa~j MORTGAGEE may at any time pay the same or any part thereof w~ihout waivin~ or affetting amr ;c~ o~t,on, hen, eqwty, or .ight under or by virtue ~f t+~is M.ortgage, and the tull amount of eacfi and e~erv such payment shalt be immediateiv ~~e and pa~ab!e and shalt bear intere>t from :he dase thereof until pa~c' at the rate c£}~C7~dMCs~CXt~(3fXe per ce m per annum and tcget~er w~•h such interesr sha11 be secured bv the fien of th~s m~~Tgage. seven anc~ one-ha~l~ ~ 3. To place and c~n'+-~u~ush ~eep on the tu~ldmgs now or hereafter situated cx~ said !and and on a~~ equ:pment ana persor.a!t~ rv- ered by th~z m~rtgage, w~t~, a~'. prem~ums there~n pa~C in full, fire insurante ~n the usual s!anda~d p_.I,~~• fo;m, in a sum ap~~::.ed by t'~e !,•:O~T~aG:E. and to.nad~ mwra~ce in the usual standard poliq form,in a wm app.oved by the MORTGAGEE, in such compar.y or companies " : s the MORTGAGEE may direct; and all fire and t~rnado inwrance p~:~t~es cn any of sa~d bu~id~rgs, any ~nterest there~~ or part thereof, in the - aggrr.gare sum aforesa~d or in excess thereof, shall contain the usual standard m~rtgagee c'ause c~ such other clause as the Mortgagee may - ~equ~re, mal:ing the I~ss under said p~l~cies, each and every, payable to said h~ORTGAGEE as its interest may appear, and each and every ;uch p,;,~~~ shall be promptly assigned and delivered to and held by sa~d MCRTGAGEE as fu•!~er secunty to sa~d mo.tgage de5t, a~d, not •ess than ten (i0'~ days in ad~~ance of the expiration of each policy, to deirver to said MORTGAG~E a~enev~a~ thereof, t~Se:her with a receipt f~r the premium o{ such re~ewal; and there shall be m fire or tornado inzurance placed on any oi sa~~ bu~~d.n¢s. a~r ~~~ferest there~n or f part tnereof, unless in the form and with the Ioss payable as aforesaid: and in the event any sum of money becomes payable under wth FFIRC-300-3-71-A O R 198 V~zi - aoor PAC~ . h . - _ -