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THIS INDENTURE, Made the 29th Day of Deeember , A. D 19 72 , beh~een
GARY C. WHEELER and DONNA ~ELER, h1s wife •
vf Indian River County, Flor~da, here~na(ter designar~vi as the "MORTGAGOR," and fIR$T FEOERAL SAVINGS AND
~OAN A$SCCIATIO~J OF INDIAN RIVER COUtiTY, a corp~ration o~gan~zed anJ c~~snng undcr the 1a..s of the Unitcd States of America
ar,d h3~~~ng its pnntipal p!~~c pi business ~n thc Gty ~f Vero Beath, Indi.~n R~ver C~unty, flonda, he~cin~ftc~ dciiEnaled'as thc "',~1rJRT~,AGcE."
Twenty EighC Thousand Three
H R MO TGA y~ ustt pde,•~ tp he MORTGAGEE ~n thc sum of
Hund~e~ ~fE~ij an~ RO~U ~ts Y~8~3~.Ud ) po;;~rs, good ~n,~ ta~vful m:ney o! t~e Unired ~tatcs advanced by thc
ti'~ORT~'iA(',EE unto the MORTGAG~R, as evidenced by a certain prom~ssory notc ~f cre~ d.itc h~r:,v~tn, Of whiCh 1he foUn~ving ~n v~ords
and f~gures ~s a true copy, to-w~t:
3 28, 350. 00 .
ve.o Seach, Ftorida, December 29, ~q 72
For vatue received 1-or we joirtily or se~erally promise to pay to FlRST FEDEFAL SAVIt`GS AND LOAN ASSOCIATION OF IN~JIAN
:1VER COUNTY, the sum of S 28~35~.~~ , at its off~ce in Ve.o Seach, Flo,~da, w~th interest at the rate of ~.75
~•_r cent per annum, in the following manner;
S 214.33 upon the first of each and every month hereafter until the full pr~nc~pat sum, w~th interest, has been paid; said
monthly pa~~ments Shall be ap~l~ed first to the payment of interest on the unpa~d balance, and then to the payment of pri~cipal.
This note is negutiable and if default in pavment otcu?s, may be ptaced ~n the hands ot an attomey at law for collect~on, in w~hich
event ~ or we agree to pay the tosts of tollection, including a reasonabte atto~ney'S fee, and each of us, whether mal.er, guarantor or endorser,
!:ereby severally waives dem3nd, notice ot non-oavment and protest of this note.
/s/ Gary C. Wheeler ~~a~~
/s/ Donna Wheeler _ _ ~5~;ai~
In the event any payment is n~t made prior to the 20th day of the m~th when due, then th~s note shall bear interest at the rate of
~X;~from the d~te any such payment became due and througF+out the per~od af such d~:linquerxy.
State stamps paid and cancellecl on oriainal of this note in the ~mount of S 42 . ~S .
NOW. THEREFQRE, the MORTGAGOR for the purpose cf securing tfie payment of the said sum ef S 28, 350. QQ . and the
~erformance of the coven3nts and agreements hereinafter expressed, and for d~vers good and valuab?e considerations, by these presents, does
grant, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE its succeszors and assigns, all that certain lot, piece or parcel of
land, situate, lyi~~g and being in the County of St. L~cie and State of Florida, deztribed as follows:
Lot 2, b2ock 28, LAK~.i~l00D PARK, Unit No. 4, as per plat thereof
recorded in Plat Book 11, page 2, Public Records of St. Lucie
County, Florida.
sT~4TE ~F FLOR~Da~ ~ RE~"~ ~Q-
ox ~ DOCUMFNTAR STA M i~ i t. 's_ I pUq~~T~ IN1~G
B 1N PAYME~ OF T
~ u..PT_ Oi REYEAUE +`~.a::= ~ Tp ~p, j~E PE'.4~ AX'~`
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together with all and singular the tenements, hered~taments and appwtenances thcrcunto belonging or fn anyw~se appertainmg thereto, and
a~l renis, issues, proteeds and profrts actrwng a~d to accrue fiom sa~d prem~ses, all ef ~n•hlch are inciuC~d in the above and foregoing d~-
sc-ipt~on and habendum.
TO HAVE AtJD TO HOLD the abo~e described and granted prem~ces un;o the sa~d MORTGAGEE, ~tz successors and ass~gns forever_
And the said MORTGAGOR for thelrhe~rs. executors, admmistrators and assigns, hereby covenanrs w~th tF.e said MORTGAGEE, its succes-
s~.s ar.d assigns, that they are - iaWf~nv ~~=ed of the s~3~d p~emis~s m fee simpte; that the same are free, tlear and d~s
c~arged trom alf liens and encumbrantes in law o~ in equity, and that they ~v;ll and their heirs shall warrant and
.;Cfend the title to the same to the said t~10RTGAGEE, its successors and assign;, forever a~ainst the ta.vful claims and dema~ds of all persons;
• PROVIDED, AIWAYS that if the h10RTGAGOR shall pay unto the MORTGAGEE the prom~ssory n~te here,nbefore descnbed, and
s`,all t~uly, promptly and tuNy perforrrt, d~scharge, execute, cumplete, c~~mply w~th and ao~de by eacn and every the snpulations, agree.~nents.
:~nditions and covena~ts of sa~d promissory note and of th~s t~lortga,~,e, then th~s ~~f::rtgage and the Estate hereuy created shali cease and be
null and vriA
IT i~ Ut~DtnSTOOD Shat the ~vord "hlortga~:.r" whethcr in ;hP singu~ar or p!ural ar.4•w~cre in th~s Mo.tyage. shall be singuiar if ene
;n1y and s~:ail be p'ural jointfy ,,nd se~crilfy ,f m~re than one, and that tre w:rd "The~~" as uze_S ~nrwh~ve th~s ti1~rtgage shaN he taken
t~ mean "h~s," "her," or "it>," where~er tiie c::ntexr so ~mpl~es or admits. ~1~s~, that where~cr t!~ere ~s a reference in the tovenants and
I agr~errsents herem e~ntained to any o` the parhes hereto, the same shai~ be construrd ro mean a~ w~~S as the heirs. legal representatlves, suc-
tess~r; and assSgns ie~thc~ veiuntary by act a4 the part~es or 1nv~(un:~r~~ by eperanun of the law} of the sa~ne an~ rnat the covenants herein
c nta~n_~ 5!~alf b~r.~ ~nd !^e ::en~.f~i; .:~,d ad~anta3es inure 1~ the respect~ve heirs, le3al repre;entat~ves, succ~~se~rs ~~d assigns Of thc
,~rt~es hereto.
And said A1~rtga.~ors. for th~msel;es and the~- he~rs. legal re~~esentatrves, success~rs an~ assrgns, here5y jcinth~ an 1 severa;ly e~venant
~^d agree to an;} ..,tn the said A.10RTGAGE"c. its succe;sors and assi3n;:
1. To pay all ar.d singular ihe prin~ipal and intecest and the various and sundry sums of money payabEe by vi:!u~ of s~id prcmi;z~rv
-~-:tr_, and thr, mortgage, each and every p•omprly cn ihe days resnett~tiely th~ same se~era~~y become due,
2. 7o pay ~t! and sin3uler t`~e tazes, a>sessment;, levies, lia~ilities, obligations ar.d incumbrances of every nature and kind now on
,a~d ~aescr~!~ed prcpe:ty, cr th,~t he~eaEter may be ~mpesed, suffered, p~aced, lev~ed, or .»zeszed fhere. n ~.r tr,~ t hereafter may be te:+ed or
;r,.~•~ up~n th~s Mort~age, or the ~nd!~o!~~~iness secu~ed hereby, each and e~er~, whert due an:j pavable acc~rding i? f; w, before they be-
;~me d•~I~nqu^_nt, and be~~re any ~nterest attac~es cr a~y penalty is incurred: and insofar as an~ ther~ ~f is of •ec_ ~d the sa:ne sh3f1 be prornpthy
~.at~shed and d~>c~+arged ~f reco-d and t~e cr~g~nal off~uai dxument 'sucn as, fo- ~nsrance, tne tati rcce;pf or the sati,fac!icn paper offitialty
end~rsrd or certif~cd~ s~-all be piaced ~n tF.e han fs ~f sa~d MORTGr~GEE w~thm ten ~1ays next after payment; and in the e~ent +hat any there~f
n,i paid, sat~slied and d~scharged. ia~.~ tvSORTGAGEE may at any time pay fhe same cr any part fh^_reof w~thout waivinc or affecting any
: at~on, iien, eyuity, er nght under ~r by virtue :lf ttiis Moitgage, and : he tull am.:unt of each and e.ery sucF payment shalt be immed~ateiy
<:~c and papab!e and sha!1 bear inte~est from the date thereof unt~l pa~d at the rate of ~~~~pp~~per centum per annum and together
~v~fh such interest shall be secured by the fien of this mortgage. SeVeri and L~ee quarters
3. To pIaCC and C'rt+~nu ;u5lv I:ecp on the bu~ldings now cr hereafter situated cn said nd and on all eqwpment and pe~s:;na~ty c~v-
ercd by this TO~L~dF,C, \Y~f~: .7~~ p«miums there:n pa~d in full, fire inswanCe in the u~~al s!3n-i,~.d ~..:~icv form, in a sum approved by !hc
~'ORTGAG:E. and tomad~ in;urance in tF~e usual standard policy form,in a sum apprnved by the D.10RTGRGEE, in such tompany cr companies
.:s the MORTGAGEE may direct; and all fire and tomad~ insuran~e ~olicies on any of sa~3 bui;d~^SS, any mteres! therem or part thereof, in tF.e
aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee c~~use c. such other c~.~use as the Mortgagee may
rcq~ire, making the toss under sa+d p~l~cies, each and every, payable to sa~d A10RTGAGEE as ~es inserest may appear, and each and every
•>uch p~licy shall be p~omptly assig~ed and delivered to and held by sa~d h1CRTGAGEE as fu~t~.er sewnty to so~d mortgage debt, and, not
'ess than ten (10~ days in advante of the expiralion of each poliq, to del~ver to sa~d MORTGqG`_E a renewal therc+~;4, t~sether with a reeeipt
fo~ the premium of such renewal; and there shall be no fire or tornado ~nsurance p'aced ~.n any ot s:~i~ ou~!A~n;;s. a~~y uiterest there~n or
part thereof, unless in the form and with the loss payable as aforesaid: and in the event any sum of money becomes payable under such
FFIRC-250-9-70-A
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