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Home My WebLink About0005 254139 ~ p ~ ~ ~M cru:L,r~: . . . _ . . ~.~r THIS INi)ENTURE. Made the _ 8th_ . Day of ---MaY._....... D. 19 73. betvvec~ William_J. Pfaffenberger and Janice F'. Pfaffenberger, hi$:wife, of Palm Beach ca,~ti, Florida, hereir+after designated as the "MORTGAGOR," and ~IRST FEDERAL SAVINGS AND LOAN ASSOCtATiON OF It~lDIAN RIVER COUNTY, a co~poratia? organized and existing undc~ the laws of the U~~ted States of Amcrica and having its printipal place of business in thct City of Vero Beath, Indian River County, Flo~ida, he~einafte~ designated as the "MORTG/IGEE." WH EREAS the MORTGAGOR is just~,y ~nc~ t~d to the MORTGA(',EE in the sum ofTw~nty Thczusa~d ~ight._ _ H undr ed- ---------------(S 44 ~ iS~ V. QD ....1 Do~ tars, good and lawful money of the United States advanced by the MORTGAGEE unto the MORTGAG~R, as evidenced by a cartain promisso?y ~ote of eve~ date herewith, of which the followinQ in words and figures is a true topy, to-wit: ; L0, 800. 00 No. . _ . . Vero Beach, Florida. . - - - . May 8j-- - • 19 .?3 Fo~ value received f or we jointly or severally promise to pay to FIRST FEDERAL SAVINGS /1ND LOAN ASSOCI/1TION OF INDIAN RtV'ER COl1NTY, the sum of S 20s.800•- 00 - at its office in Vero Beach, Florida, with interest at the ~ate of _ 7_e per cent per annum, in the fol~owing manner: s_i_ST.~_25__ , ~pon the first of each and every month hereafter until the full principal wm, with interest, has been paid; sa+d ~ monthly payments shall be applicd first to the payme~t of interest on the unpaid balante, and then to the payment of principal. ~ This note is negotiable and if default in paymen~ occurs, rrwy be placed in the hands of an attor~ey at law for collection, in wh~ch event 1 or we ag~ee to pay the costs of co~lectio~, including a reasonable attorney's fee, and each of us, whether maker, guarantor or endwser, hereby severally waives demand, notice of non-oavment and protest of this note. /s/ William_J._ _Pfaffenberger _ _ _ ..~~ai~ / s / Jan~.~.~--E.---~'f_~f~er~h_~rg~r - - . _cseai~ ; In the event 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 ~ 8.4?6 from fhe date any such payment became due and throughout the period of such delinquency. ~ State stamps paid and cancetled on original of this note in the amount of s__ ~ : NOW, THEREFORE, the MORTGACAR for the pu~pose of securi~g ihe payment of the said sum of S----- and the ~ ~erformance of the covenants and agreements hereinafter expressed, and fo~ divers good and valuable conside~ations, by these presents, does ` grant, bargain, sell, remise, release, convey and confirm unto the MORTGAGEE its successors and assigns, all that tertain lot, piece or parcel of ~ land, situate, lying and being in the County of . St. I-UC1@ a~d State of F(orida, described as follows; Unat 9, Tract 2, according to the Amended Plot Plan of ~ Villa Del Sol, a condominium, recorded in Condominium ~i Book 1, pages b through 10, of the Public Records of `i "r St. Lucie County, Florida, together with an undivided ~ ~ share in the common elements appurtenant thereto. } r , - . . . . . . ~ ~ . ~ ~ ~ b STATE ~F FLC)R1~A~ ~ DO~U1NfN1AR~Y ~STAMP 1l~X ~ c~ " OE~T_Of f~Y~IiUE.'r RECEI~ c 1pEApSO,~~'fRir, 1 .,,L P:~~ - Y\ °r Y°- PQ. -...~Y 10'73~~-,• ~ 3 f. Z ~ ~ ~ pN Cl1SS'~~R ~ 1,~4. ~S ~ lyl2. . ~ - : ; ~ ot ' ~ PURrfANT ~ MRW?S ~ ~ qfRK ClfiClll~ ST. 111~?E 00. ~ ~ ~ , . . Q ~ ~ together with all and singular the tenements, hereditaments and appu~tenantes thereunto belonging or in anywise appertaining thereto, and ~ all re~ts, issues, proceeds and profits accruing and to accrue from said premises, all of whith are intltwed in the above and foregoing de- ~ scription and habendum. ' TO HAVE AtVD TO HOLD the above described and granted premises unto the said MORTGAGEE, its suctessors and assigns foreve~. ` ~ And the said MORTGAGOR fo? their_ ~,e;~s, exetutors, administrato~s and assigns, hereby covenants with the said MORTGAGEE, its suctes- ~ ~ sors and assigns, ~r~r .they are. ___iaWr~nY seized of the said premises +n fee simple; that the same are free, clear and dis• ~ ~ ~ charged from a11 liens and encumbrances in law or in equity, and tt,~r they.__ r,,;n a~ _ thei~r___ he;,s shall warrant and ~ ~ defend the title to the 5ame to the said MORTGAGEE, its successors and assigns, forever against the lawful tlaims and demands of all persons; 3 ! ~ PROVIDED. AlWAYS that if the MORTGACAR shall pay unto the MORTGAGEE the. promissory note hereinbefore deuribed, and ~ j shall truly, promptly and fully perform, discharge, execute, complete, comply w~th and abide by each and every the stipulations, agreements. ~ conditions and covenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and 5e - ~ null and vnirl . ~ IT IS U~i~ERSTOOD that the word "Mortgagcr" whether in iF?e singutar or plural anywhere in this Mortgage. shall be singular if one cnly and shalt be plurai ~ointly and severalty if more than one. a~d ihat the word "Their" as used anywhere in th~s Mortgage shal{ be taken ~ to mean "his," "her," or "its." wherever the context so implies er admits. Also, that whe?ever there is a retere~ce in the covenants and ~ agreements herein contained to any of the parties hereto, the same shall be tonstrued to mean as well as the heirs, legal representatives, suc- , cessars and assigns leither voluntary by act of the parties or involuntary by operation of the law) of the same and that the covenants herein c^nta~n~ci shall bind and-the ~en~fits and advantages inure to the respective heirs, legal representat~ves, successors and assigns of thr ~ ;,arties hereto_ s t` And said Alortgagors, for themselves and their heirs, legal representatives, successors and assigns, hereby jointly and severatly cove:+ant , and agree to and with the said MQRTGAGEE, its successors and assigns: ~ i. To pay all and singular the principal and interest and the ~arious and sundry wms of money payable by virtus of said promi;s~ry _ r.ote, and this mortgage, each and every promptly on the days respectively the same severally become due. 2. To pay atl and s~ngular the taxes, assessments, levies, lia5itities, obligat+ons and incumbrances of every nature a~d kind now on ' said described prcperty, or that hereafte. may be imposed, suffered, ptaced, levied, or assessed thereon or that hereatter may be levied or assessed up~~n this Mortgage, or the indebtedness secured hereby, each and every, whe~ due an~ payable accord'+ng to l~w, befo~e they be- ° come delinquent, and before any +nterest a~taches or any penalty is incurred; and insofar as any thereof is of retord the same shall be prompNy ; >at~sfied and d~scharged ef record and the original official dxume~t (such as, for insta.xe, the tax receipt or the satisfaction paper officially F endorsed or certified) shall be ptaced in the hands of said MORTGAvEE w~th~n ten days next after payment; and in the event that any thereot is not paid, satisfied and d;stharged, s.~i~ MORTGAGEE may at any time pay the same or any part thereof witM..ut waiving or affetting any ~ cps~an, lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every such payment s?vtt be immediately t due and payabfe and shatl bear intcrest from the date thereof ~nti! paid at the rate of six and six-tenths per centum per annum and together ; with such interest shall be sewred by the lien of this mortgage. ~ 3. To place and ccntinu;usly keep on the buildings now or hereafter situated cn said tand and on al~ *quipment and person y-c<rv- ~ ered by 1Fis-morlgap,,e.,with ait prem.~ums thereen paid in f~ll, fire inswance in the usual standard pohcy form. ~ pproved by the ; '.40RTGAG`.E, and tornado ~r~3~r~+nce in the usual standard policy form,in a sum approved by the MS$I6A , m such company or companies ~ ~s the MORTGAGEE may direct; and all iire artd iecna~~ insurance yiolicies on any~£sa" mgs, any interest the.ein or part thereof, in the ~ aggregate sum aforesaid or in excess thereof, shall contain-the-vsuaLitandarQ mortgagee uause or such other clause as the Mortgagee may ~ require, making the loss under said policies, each and avery, payable to sa'i~-irSARI~GEE as its interest may appea?, and each and every ; such policy sha!1 be promptty assigned a?~d detivered to and held by sa~d MORTGAGEE as fartswc urity to said mortgage debt, and, not ~ ? Iess than ten (10) days in advance of the expiration of each poliq, to deliver to said MORTGAGEE a renew together with a receipt { ~ for t~,le premium of sucfi renewal; and there shall be no fire or tornado insurance placed on any of said build~nqs, any therein or_ ~ part thereof, unless in the form and with the loss payable as aforesaid; and in the event any wm of money becomes payable un er ~ € ~:~nc-soo-s-n~.e. : ; p s ` OR ~j s +~~~r r~,r•`_ ~,J . n 1 ~ ~~y,,~ ~ ~,4~. ' ~ 5 II *"~"",~,~a`~.. a . '~~~~~,Y~~`~.,~~~r S ,~._;,--j s -