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Home My WebLink About2571 r . 253809 ~ ~ . ` THIS INDENTURE, tv~ade ~ne 26th. . Dsr of . . . . . APril . . . . , A D. 19 73 . between ~ SDGAR H. KLUEPPSLBBRG, JR. and SNARON KLUBPP$~BBRiG,__ his__wife _ of . $t._ Lucie . ~au,y, Flo?id~, he~einsfter designated as the "MOitTC/~GOq," and ~litSi~ FEDEWIL S/1VINGS /1ND L0/1N ASSOCIATtON OF INDIAN RIVER COUNTY, a torporotion o~gani:ed a~+d existln~ under the bvis of: ~e United Stata of Americs snd havi~g its principal plato of business in the Ciry of Vero Beath, Indian River County, Flortds, hereina(ttr designated as the "MORTG/IGEE." WH~REAS tF+et~Q IG/1GOR is justly indebted to the MORTGAGEE in fhe wm of 1~qt~1-t~,ro .Thausand F~ve . Iiundre and.. no( i~U---r--• (S Z2~5~.~~- Dollars, good and lawfui money o~ the United Statcs advar~ced by tl~e MOR7GAGEE unto the MORTG/1GOR, as evide~ced by s certain promiuory note of even date herewith, of which the foltowin~ in words and fiQu~es is a true copy. tawit: s - 22,500.00 r~o. - - Vero 9each, Fiorida. _ _ - - - - -April__26,_ ~9 ._73 ; For value ~eceived 1 0~ we jantiy or severally promise to pay to FIRST FEDERAL SAVINGS MID LOAN ASSOCI/1TION OF INDIAN i RIVER COUNTY, the wm of s 22_a.SOO.~Q at its office in Vero Beach, Fb.ida, with interest at the rate of ~•~5 per cent per amum. i~ the follovvin~ manner. - 169.95 upon the first of each and every month hereafter until tF+e full princi 1 sum with interest has been monthly payments shall be applied first ro the payment of interest on the unpaid bala~ce, andpathen to the payment of ~'d; said principal. This note is negotiable and if default in payment otcurs, may be placed in the hands of an attomey at law for cellettion, in which event I or we agree to pay the costs of collection, including a reasawble attorney's fee, ar?d each of us, whetF?e. maker, guara~tor or endorser, hereby severalty waives demand, notice of non-oavment and protest of this note. . /s/___.8dgar__H, Rluepp~lberg:_Jr._ . _ _ __~~aq ~ /s/.---Sharon R1uePPslberg.------ - - --(Sea!) In the event any payment is not made prior to the 2ath day of the mo~th when due, then this rwte shall bear interest at the rate of i3. 75 ~ from the date any such payment became due a~d throughout the period of such delinquency. ~ • State stamps paid and cancelled on wigina! of this note in the amount of ;__.33.75 NOW, 'fHEREFORE, the MORTCAGOR for the purpose of securing tF?e paymenf of tF+e said wm of S--- 22a500.OQ.__ and the performance of tF+e covenants arxf agreements hereinafEer expressed, and for divers good and valuable considerations, by these presents, does grant, bargain, aell, remise, release, convey and cor?fimn unto the MORTGAGEE its successors and assigns, all tF+at ce~taio lot, piece or pa~cel of land, situate, lying and bein~_in the Couny of . St._ LuCie and State of Flo?ida, described as follows: ~ 3 1 The West One-Half of the 8ast Z~ao-7l?irds of all the combined Lots 20, 21, 22, 23, Block 3, i~lagner Subdi~rision. Said land ~ lying and being in Wagner Subdivision as filed in Plat Book 9, Page 74, Public Records of St. Lucie County, Florida. ~ ' ~ IN PA1fIY1p~1T pF TI~ D!E ON (`,lASS ~C' INTMI616tE PER90~~L11 PRppq~~ This tnsrnxnenr was Preea.ee sy P11RSlMNi TO CIiMTER 71-134, ~s oF i97L J. D. BAKER, JR. tE06ER PORWIS ~'!1(~/j CIFRK CIRq1R OpURT, ST, WCIf qt! ~ U First Federal $avings and loan , Ass'n of Indian Rirer C'vnsv 2045-14th Avc. P.O. Bc.~c I2C,~7 Vero Bcach, F~aid~ '2400 rogether with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertairting thereto, and all rents, issues, proceeds and profits actruing and to atCrue from said premises, all of which are included in the above and foregang de- scription and habendum. . TO HAVE AND TO HOLD the above dexribed and granted premises unto the said MORTGAGEE, its wctessors and assigns forever. And the said MORTGAGOR for theirheirs, exeturors, administrators and ass;gns, hereby covenants with tFx said MORTGAGEE, its wcces- th@ Ar@ __~wfull seized of the said p, + sors and assigns, that___ ___y___.._.____~__~._ y premises in fee sim le• tFwt the same are free, clear and dis- charged from all liens and encumbrances in law or in equity, and that . theY_. will and thei7~ shalf warrant and defend ihe title to the same to the said MORTGAGEE, its wctessors arxi auigns, forever against the lawful claims and demands of all persons; PROVIDEO, ALWAYS that if the MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore described, and : shall truly, prorriptly and fully perform, discharge, execute, complete, comply with and abide by each and every the stiputations, agreements, i I conditions a~d cove~ants of said promissory note ar~d ot this Mortgage, then this Mortgage and the Estate hereby created shall cease and be ~ i null and veirl ~ IT IS UtIDERSTOOD that the word "Mortgagcr" whether in tiw singular or plural anywhere in this Mortgage. shatl be singular if one t ; only and shall be plural jointly and severally if more than one, and that the word "Their" as used anywhere in this Mortgage shall be takcn ; ~ to mean "his," "her," or "its," wherever the context so implies or admits. Atso, that wherever there is a refere:ice in the tovenants and agreements herein contained to any of the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, suc- ; cessors and assigns (either voluntary by act of the parties or involuntary by operation of the law) ot the same and that the tovenants herein ; contain2d shall bind and the benefits and advantages inure to the ~espective heirs, legal representat~ves, successors and assigns of thc j aariies hereto. i And said Mortgagors, for themselves and their heirs, lega! representatives, successors and assigns, hereby jointly and severally covenant and agree to and with the said MORTGAGEE, its successors and assigns: 1. To pay all and singular the principal and inferest and the various and wndry sums of money payable by virtus of said promissory note, and this mortgage, each and every prpmptly on the days respectively the same severally become due. 2. To pay all and singular the tazef, assessments, levies, lia5ilities, obligations and irKUmbrances of every nature and kind now on said dexribed property, or that hereafter may be imposed, wffered, placed, levied, or assessed thereon or that hereaftcr may be levied or assessed upon this Mortgage, or the indebtedness setured hereby, each and every, when due and payable according to law, before they be- come detinquen~, and before any interest attaches or a~y penalty is incuned; and insofar as any thereof is ot :ecord the same shall be promptly satisfied and discharged of record and the original official document {such as, for instance, the tax receipt or the satistaction paper officially endorsed or certified) shall be placed in the hands of said MORTGAGEE within ten days next after paymenr; and in the event that any thereof is not paid, satisfied and discharged. said MORTGACEE may at any time pay tF?e same or any part thereof without waivi~g or affecting any option, lien, equiry. or right under or by viriue of this Mwtgage, and the full amount of each and every wch payment shall be immediateiy due and payable and shall bear interest from the date thereot until paid at the rate of ]~7S per centum per annum and together with wch interest shall be secured by the lien of this mortgage. ; 3. To place and continuously keep on the buildings now or hereafter situated on said land and on alt equipment and personalty cov- t ' ered by this mortgage, with aN p~emiums thereon paid in full, fire inwrante in the usual standard policy form, in a wm approved by tlk MORTGAGEE, and tornadu inwrar?te in the usual standard poliq fwm,in a sum approved by the MORTGAGEE, in suth company or companies as the MORTGAGEE may dirett; and all fire and tornado insuranCe poticies on a~y of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall ca+tain the usual standard mortgagee ctause or such other ctause as the Mwtgagee may require, maki~g the lou under said policies, each a~d every, payabk to said MORTGAGEE as its interest may appear, and each and every ~ such policy shall be prompNy assigned and delivered to anc! held by said MORTGAGEE as further security ro said mortgage debt, and, not ~ Iess than ten (10) days in advante of the ezpiration of exh poliCy. to detiver to said MORTG/1GEE a?enewal tF+ereof, together with a reteipt for the premium of wth .enewal; and there shall be no fire or tomado insurance ptaced on any of said build~ngs, any inte?esr tl~erein or part thereof, unless in the form and with the bss paysbk as sforesaid; and in the event any wm of money betomes payabk urder wch ~ ~ •n~e-wo_~a.at-r~r i i ~~tf.2~3 ~ 5f~7 - - --:.v: .w-:~