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Home My WebLink About2530 r~ jy~'= , • . °~THIS IVDENTURE, Made ~he 14 Day of November , A_ D 19 ~2 , between J. PATRICK lQtELLER end HELEN M. KRELLER, his wife of St. Lucie County, fiorida, her~inafter design.,ted as thc "MORTGAGUR," and FIRST FE~ERAL SAVINGS AND LOAN ASSOCIATIO~~ OF INOIAN RIVf.R COUN7Y, a corp~ration 0~6'3r1~ZE'~ anJ ex~sr~ng under the ta.+s oi the Umted States of America and h:~~~~ng its prinupal p}ace of ~usiness ~n the C~ty of Vero Beath, Ind~an Rivcr County, Florida, hereinattcr des~gnated as the "MORTGAGEE." __~__NHEREAS the f~tORTGAGOR ls justly indebted to the ti10RTGAGEE in thc sum of Tw?enty Thousand and no/ 100 lS 2~~~~~.~~ 1 Dolta~s. E:ooci and tawful m~ney of the United States advanced by the MORTGAGEE unto the MOR7GAG~c2, as evidenced by a cert3in prom~ssory nutc o! cven J~te harc.v~th, of which the folluwing in wordt and f~gureS iS a truC Copy, to-wit: S 20,000.00 N~ Vero Beach, Flo~ida. November 14 ~ 19 72 Fo~ va~ue received 1 or we jointty or sever~lly prom~se to pay to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF INDIAN RIVER COUNTY, the sum of S 20s00~•~0 , at its officc in Vero Beach, Flo~~da, with intcrest at the ratc of 7•25 pcr cent per annum, in the following manner: s- 1~F~F,~7 upon the first of each and every month herealter until the full pnncipal sum, w~th inlerest, haz been paid; said monthly payments shall be applied first to the payment of interesf on the unpaid balance, and then to the payment of principaL This note is neg~tiable and if de(ault in payment occurs, may be placed in the Iwnds of an attorney at law for coflection, in which event I or we agree to pay tl.e tosts of cotlection, including a reasonable attorney's fee, and each of us, whether maker, guarantor or endorser, hereby severa:ly waives dema~d, notice of n:,n•oavment and protest of this note. /s/ J._ Patrick Kreller tseai> /s/ Helen M. Kre2l.er ~~ai~ in the eve~t any payment is not made prior to the 20th day of the month when due, then this note shall bear interest at the rate of ~~I~~rom the date any such payment became due and throughout the pe.;od of such delinquency. State stamps paid and cancelled on original of this note in the am~wnt of S 3~.00 NOW, THEREFORE, the MORTGAGOR for the purpose of seturing the payment of the said sum of $ 20s000•~~ and the Uerformance of the covenants and agreeme~ts hereinafte~ expressed, and for divers good and valuable considerations, by these presents, does grant, bargain, sell, remise, release, tonvey and confirm unto the MORTGAGEE its successors and assig~s, all that certain lot, piece w partel of ia~d, situate, lying and being in the County of St._ LL1C~e _ and State of Florida, destribed as follows: ~ a~ ~ SEE ATTACHED SCHEDULE "A" ~ ~ ~s ~ ~ D C~0 o?' o~ cuss ~ ~M ~ a~'~ ~ oE ~c~q T~ ~?~urr To c~~F4";" ~~RSOnu P~ry~ p ~ j~~~ rNlqR ~ C~ERK C~ ~E~~POITqA,ACiS QF t911M! q`. EiyV Y J~j ~1R OOURT. ~r. tuciE Cp t/ ~p '=t-. ~w "-r ,r `O ~e~ BY ? 6•; f~: S rniz Instrumr~t ~ as Prep: ~ ~ r~M~~O 5. H. GREER _ ~ ` I~'g ~ rst Fed° vir. ~ and L-~~^ + ' ~i rat Sa g" e ~ ~ O oo ' /l>s'n of Ind~an River Co~''•.~ 24n5-14th P.e. P.O. B~x 12`vS ~ ~/~.rc Eeach, f I~ridi 32~~~=~` ~ together with all and singular fhe tenements, hereditaments and appuifenances fhereunto befonging or in anyw~se appe?faining thereto, and all rents, issues, proceeds and p?ofits accruing and to accrue from said prem~ses, all of which are included in the above and foregoing de- xription and habendum. TO HAVE AND TO HOLD the above descr~bed and granted premises unto the said MORTGAGEE, its suctessors and assigns fo~ever. And the said MORTGACAR for thei~eirs, executors, administrators anc' assigns, hereby covenants with the said MORTGAGEE, its succes- ' sors and assigns, tt,ar . they are Iawfully seized of the said premises m fee simple; that the same are free, clear and dis- charged from all liens and encumbrances in law or in equity, and that they W~~~ a~ their ~;~5 s}~!I warra~t and defend the title to the same to the said MORTGAGEE, its successors a~d assign>, forever against the lawful claims and demands of aN persons; PROVIDEO. ALWAYS that if the ti10RTGACOR shalt pay unto the MORTGAGEE the promissory note hereinbefore destribed, and ; shall truly, promptty and fully perfo.m, d~scharge, execute, comptete, comply w~th and abide by cach and every the stipulations, agreements. corr3itions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and 5e ~ nuil and vn~rf IT IS U~/D[RSTOOD that the word "Mortgagcr" whether in ShP singular or plural anywhere in this Mortgage. shall be singular if one t cnly and shall be plural jointfy ~nd sevcrally if more than one, and that t~e word "TF.eir" as used anywhere in this Mo~tgage shall be taken ~ so mean "his," "her," or "its." ~vhere.er the c~ntext so implies or admits. Atso, that wherever there is a~eference in the eovenants ar?d ~ agreements herein contained to any of the parties hereto, the same shatt be construed to mean as we!! as the heirs, legat representatives, suc- - cess~r; and assigns leither voluntary by act of the parties or involuntary by ope~at~cn of rhe Iaw; of the same and tiwt ;he covenants herein c-nta~ncd shall b~nd and the 5en^f~rs ~nd advantages inure to the respective heirs, (egal representanves, successors and assigns of thc ;,arnes hereto. And said tilortgagors, for themselves and their heirs, lega! rep~esentatives, successors and assigns, hareby ~o~ntly an~ severally eove:+ant ~ and agree to and .~ith the sa~d tr10RTGAGEE, its successars and assigns: l. To pay alI and singular the principal and interest and the various and sundry sums af mo~ey payable by vi:tu~ of said p,omiss~ry ~ote, and this mortgage, each and every p.omptly on the days respect~vely the same severalty become due. 2_ To pay all and s~ngular the taxes, assessments, levies, lia5ilities, obligations and incumbra~tes of every nature and kind now on said dexribed prcperty, or that he~cafter may be ~mposed, suffered, piaced, ~ev~ed, or assessed thereon or thai hereaftc~ may be tevied or ; a~setsed upan this Mortgage, er the indebtedness sewred hereby, each and every, when due an~ payable acc~rding t~ I~w, before they be- c~me del~nquent, and before any interest arfathes or any penalty is incurred; and insofar as any ihereaf is of record the same shall be promp[ly :atisfied and dischargrd ef record and th~ original official document tsuch as, for ~nstance, the tar receipt or the satiifaction paper officially endorsed or certified) shall be placed in the han~s of sa~d MORTGAGEE within ten days nezt after payment; and in the event that any thereof is n~t paid, satisfied and dixharged, sai~ M`JRTGAGEE may at any time pay the samc ar any part thereof without waiving cr affetting any eprion, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immed~ateiy due and payable and shall bcar interest 4ran the date thereof unti~ paid at the rate of s~pq~Xpp~ per centum per annum a~d together with zuch inte~est shall be secured by the lien of this mortgage. 6eV@ri eiid one quarter 3. To plate and conr~nu,usly keep on the buildings now or hereafter situated en said land and on all equipment and persenalty cav- rred by this mortgage, w~th ai! premiums thereon paid in full, fire insurante in the usual st,~ndard p~l~cy form, m a sum approvcd by 11x: ' MORTGAGEE, and tornad~ insurance in the usual standa~d polity form,in a sum approved by the MORTGAGEE, in such compa~y or companies ! as the MORTGAGEE may direct; and al) fire an~ tornado insurarxe ~olicies on any of said buiidirgs, any interest therein or pari thereof, in ihe f aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee c~ause c. such other clause as the Mortgagee may .equire, making the loss under said policies, each and every, payable to sa~d i~10RTGAGEE as ~ts ir.:erest may a~~ar, and each and every such policy shall be promptly assigned and delivered to and held by sa~d MORTGAGEE as ~u•t~,er seturity to said rrtortgage debt, and, not Iess than ten (10) days in advance af the expiration of each policy, to del~ver to said MORTGAG~E a re~ewal thereof, together with a receipt for the premium of such renewal; and there shal) be no fire or tomado insurance placed an any of sai~ build~ngs. any interest therein or part tnereof, untess in the form and with the loss payabte as aforesaid; and in the event any sum of money becomes payable under such FFlRG-25 9-70-A ~lp 6~~1~y ~U~ Yl~i,~ r~•_?1 ~ c~ ~ ~ ~ ~`~g = ~ ~ ~ , ~,~c - ; ~ _ ~