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HomeMy WebLinkAbout2568 ~ . ~ 253808 THIS IN~EN'TURE. Made ~?~e 26th. Day of . April - - . _ - . p. ~y 73 , between Bdgar 8. Klueppalberg, Jr. and Sharon Klqeppslberg, his vi~e . of SL. .LUC~@ County, Florida, hereinafte~ desi~nated as the "MORTG/1GOR," and FlRST FE~ER/\L S/1VINGS AND LOAN /?SSOCIATIpN OF INDIAN RIVER COUNTY, a corpwstion organi:ed and existing undcr tF?e taws of tM Uni~ed States ot Amcrica and having its printipal plate of busi~ess in tMs City of Vero Beath, Indian River County, Flo~ids, hereina(te~ designated as the "MORTG/IGEE." WF~ EREA~ ~he~QF ~TG/1GOR is justl n~ ~r~d ihe MORTGAGEE ~r, ihe wm of ~enty Z~io. Thousand Five Hundrea aIIa .IIO~.i~_ (S ~~~7V1t.~__ Dottan, good and lawful money of the United Statcs advanced by the . MORTW~GEE u~to the MORTG/1GOR, ss evidented by a te?tain promissory note of even date herewith, of which the followina in words and fiQures is a true topy. tawit: s _22~500.00 No. _ ~ Vero Beach, Flwida. APril.-26-,---• - - - - - . . . 19 7~ For value received 1 0~ we jointly w seve~ally promise to pay to FIRST FE~ERAL SAVINGS M10 IOAN ASSOCIATION OF iNDI/W RIVER COUNTY, the sum of ; 22.~.5~~~_. at its office in Vero Beach, Flaida, with inte~est at the rate of ___7~ 7~ i per cent pe~ annum, in the followin~ manner, ~ S___164.95 upon the first of each and every month hereatte~ until the full principal sum, with interest, has been paid; said monthly payments shall be applitd first to the payment of tnterest on the unpaid balance, and then to the payment of printipal. - This note is, negotiable and if default in payment otcurs, may be ptaced in the hands of an attomey at law for collection, in which event I or we agree tb pay the costs of tollection, including a reasonable atror~ey's fee, and each of us, wtrether maker, gua~antor or endorser,- hereby severalty waives demand, notice of non-oavment arui protest of this note. . /s/_._ &ig.ar_ H~ K1uepQelberg.--- - --tsean ~ _ /s/__Sh+aron__Klueppe.Lberg-- - . - -t5eai) ~ lo the event any payme~t is ~ot made prior to tt+e 20th day of the month whe~ due, then this note shall bear interest et the rate of ~ 7~~ tran the date any such payment became due a~d throughout the period of such delinquency. ~ • State stamps paid and cancelled on wiginat of this note in the amounf of s.___3~.1.,5_ . NOW. THEREFORE, the MORTGAGpR for the purpose of securing the payment of the said sum of S_ 22_~ SOO.00 _ and the , performance of the covenants and agreements hereinaher expressed, a~d fo~ divers good and valuable considerations, by these presents, does grant. bargai~, sell. remise. release. convey 3nd confimn unto the MORTG14GEE its successors and assigns, aN that certain lot, piete or parcel of land. sitwte, lying and being in the County of .__St. _ LuCie and State of Florida, described as folbws: The west one-third of all the coanbined Lots 20, 21, 22 and 23, Block 3 = Wagner Subdivision. Seid land lying and being in Wagner Subdivision es filed in Plat Book 9, Page 74, Public Records~of St. Lucie County, Florida ~ R~ S~'~ IN PA~ti~fE~if 6E t~IXP~ ~ ouE oN cu?ss ~ urrMtci~ ~aso=~u ~tY, r pURSlIi1NT TO d1APTER 71-13t. IYCTB OF 191L This Instnimenf was PreCa-ed By np6ER P01TRI1s ' ~f J. D. BAKER, JR. lt~EilR C~IICIIR OOIMCi. ST• LIICIE ~lA' First Ftderal Savings and Loan . Ass'n of Indian River County 2045-T4th Ave. P.O. @oY 1209 Vero Beach, Flort3~ 3295C ; t together with aN and singular the tenements, hereditaments a~d appurte~ances thereunto belonging or in anywise appertaining thereto, and ail rents, issues, proceeds and profits actrui~g and to accrue f~om said premises, all of which are inc(uded in the above and foregoing de- scription and habendurn_ - - ! TO HAYE AND TO HOLD the above destribed and granted premises unto the said MQRTGAGEE, its wtcessors and assigns forever. Md the said MORTGAGOR for their~;,~~ execvtors. administrators and assigns, hereby covenants with the said MORTGAGEE, its wcces- ~ - sors and assigns, thaL___t~t---SY.e-----------------------lawfufly seized of the said p.emises in fee simple; that the same are free, clear and dis- charged from all liens and encumbrantes in law or in equity, and that .they____ w~q a~ their shal! warrant and ~ i defer?d the title to the same to the said MORTGAGEE, its succeswrs and astigns, forever against the tawful claims and demancis of all pe~sons; j PROVIDED, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and ~ ' shall t?uly, promptly and fully perform, discharge, execute, complete, compty with and abide by each and every the stiputations, agreernents. ' canditions and covenants of saed promissory note and of this Mortgage, then this Morigage and the Estate hereby created shall cease and ue ~ null and voi~l ` ~ ' IT IS U~1DER5700D that the word "Mortgagcr" whether in tfw singutar or piural anywhere in this Mortgage. sF?all be singular if one ~ ~ only and sha!! be plural jointly and severally if more tFwn one, and that the word "Their" as used anywfiere in thls Mortgage shall be take~t ; to mean "his," "her," or "its," wherever the co~text so implies or admits. Also, that wherever there is a refere:~te in the tovenants and ! agreements herein co~tained to any of the parties hereto, the same shall be construed to mean as well as ttie heirs, Iegal representatives, suc- ' cessors and assigns (either voluntary by act of the parties or involuntary by operation of the law) of the same and tnat the tovenants herein ` containad shall bind and the benefits and adva~tages inure to the respettive heirs, legal representat~ves, successors and assigns of th~: ~ ; i aarties hereta. ~ ~ And said Mortgagors, for themselves and their heirs, legal representatives, succeswrs and assigns, hereby jointly and severally cove~ant ~ ! and agree to and with the said MORTGAGEE, its sutcessors and auigns: 1. To pay all and singular the principal and interest and the various and sundry wms of money payable by virtus of said promissory note, and this mortgage, each'and c3ery PrpmPtfy on tfie ~days respectively the same severally become due. ~ 2 To pay all and singular the tazes, assessments, levies, liabilities. obligations and intumbrances of every nature and kind now on said described property, or that hereafter may be imposed, wffered, placed, levied, or assessed thereon or that hereatter may be levied or assessed upon this Mortgage, or the indebtedness secur~d hereby, each and every, when due an~ payable acca.ding to t~w, before they be- t come delinquent, and before any interest attaches or any penalty is incurred; and insofar as any thereof is of retord the same shall be promptly i satisfied and dixharged of record and the original official document (wch as, for instance, the tax receipt or the satisfaction paper offitiatly I endorsed or tertified) shall be plated in the hands of said MORTGACEE within ten days next after payment; and in the event that any thereof ~ is not ~d, satisfied and dischar ed, sai~ MORTGAGEE ma at an time the same or an , pa~ g y y pay y part thereof without waiving or affeCting any : optio~, lien, equity, or ~ight under or by virtue of this Mo?tgage, and the full amount of each an~ every such payment shali be imme~iatefy ; due and payabte and shall bear interest from the date thereof until paid at tt+e rate of 7.75 per centum per annum a~d togethe? with suth interest shall be setured by the lien of this mortgage. ' 3. To plate and continuously keep on the buildings now or hereafter situated on said lar+d and on all equipment ar?d personalty tuv- f ered by this mortgage, with a!I premiums thereon paid in full, fire insurance in the usual standard policy form, in a wm approved by tFx~ MORTGAGEE, and tomado inwra~te in the uwal standard polity form,in a sum approved by the MORTGAGEE, in such company or companies i as the MORTGAGEE may direct; and all fire ar?d tanado inwnnce policies on any of said buildings, any interest therein or part thereof, in the ; aggregate wm aforesaid or in excess thereof, shall contain the uwal standard mortgagee ciause or such other clause as the Mwtgagee rtwy ~ require, making the loss under said policies, each and every, psysbk to said MORTGAGEE as its interest may appear, and each and every ~ such policy shsll be prwnpNy assigned and delivrred to and held by said MORTGAGEE as fu?the? security to said mwtgage debt, and, not ~ less thsn ten (10) days in advante ~f the ezpiration of each policy, to deliver to said MORTGAGEE a renewal tF+ereof, togetfxr with a reteipt C for the premium of suth renewal• and there shall be no fire or tomado insurance plated on any of uid buildings, any interest tF?erein or E part thereof, unless in the form snd with the bss psysbk ss aforesaid; and in the event any wm of money becomes payable under wch ( a Zp eo~R~2~3 ~~cr~564 _ _ .