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Home My WebLink About2771 262238 f~ ~ THIS INOENTURE, Msd~ tht ._.....12Lh_ . Mv of ALLgYS.~__.._.._r...---. _~_~._j ~1. !9 73 , ~~~e„ LEON T. BRASWELL and KAR~N E. BRA.S1dF.T.I,~ his Wifs { . . - - - - - - . . _ . . . . - . ~ ~ - of SL. .Lucie cow,ty. Flaids, heninafter dtsl~nated as the "MORTG/1GpR,'• and FIRST FE~ER/U. SAVINGS AN~ L01W ASSOCIATION OF INOIMI RIVER COt1NTY, s capontia~ or~ani:ed and existin~ undcr the laws of tM United Stites of /?meriu and hirins its p?intipil plate of business In the City of Vero Besth, Indian River County, Fiwida, hereinafter detsignated u the "MORTGA~,EE." WHERE/~S ~he MORTGAGOR is )usrly tnd~brM ro M?~ MORTG~GEE in ~he wm of Nineteen Thousand 'lrao liundred ; ~~~0----~---~~-~-~~~--19•_ 2~Oi09•••---~ ~~~ars, good and Iawful mo~ey oi t?+e United Ststes advanted by tM ± unro the MORTC/IGOR. ss wida~calfby a certatn promissory note of even dafs herowith, of whith tF+e foilowins in words snd f;su.es is a trw copy. to-wir, f s . _ 19 ~200, oo_. j No. - Vero Beach. Fbrids. __August---I7tht. . . - - _ - 19 73- ~ Fw valw ~eceivtd 1 or we jointly or severaliy promise w pay to FIRST FEDERAL SAVINGS MID LOAN /1SSOCtATION OF IND1M1 ~ ~ RIVER COUNTY. the wm of s.19~2QOaQ~_ it lts office In Vero Beach, Fbrida, with inte~est at the ate of 9.~25r. D~ tent Der arrMn?. in the followi~ manne?: a • s~.~l4aS~__ upon tM Hrst of esch snd avery mo~th he~esiter until the fuil p?intipal s~xn, with interest, has bee~ psid; said ~ monMly payments sF+a~l be applied first to the psyment of inte~est on the unpa~d batance, and tF+e~ to the p~yment af principal. This ewte is ne~oti~bk snd if detault in payment oaurs, msy be plxed in the hands oi an attomey at law for colkction, in which ~ event 1 or ~w~e a`ree to pay the costs of toliection, includin~ ~ reasonable attorney's fee, snd eath of us, whether maker, guara~tor or endorser, hereby severatly waives denwnd, notice of non-wvment and protest of this note. /s / Leon T. B raswe 11 ~~a~~ ~ - - - ~s / Karen E. BrasWe l I ~ In tfie ev~nt sny psyment is not msde prior to the 20th day of the ma+th when due, then this note shail bear interest at the nte oi 10..2~ fran tha dats ae~y such payment becams due and throughout the perFod of sucb dellnquency. Stare starnps psid snd pexelkd on ori~inal of this note in the amount of s 28,~ ~0 . NOW, THEREFORE, ths MORTG/1GpR ior the purpose of xcuring the psyment of the said wm of s19~200.00__ ~eriorn~nce of the cove~nts and sgreements hereinaher exp?essed, and for divers good and valwble co~sideratio~s, by these presents, dxs grant. bs~sin, sell, reRwse, reldsse. ~nvey s~d tonflmn unto the MORTGAGEE its successors and sssigns, sll thst ce~tain lot, piece or parcel of 1u+d. situate~ lyin~ snd beins in the County of ST. LUCIE State of Florida, described ss folbws: Lot S and the tdest 25 feet of Lot 4, Block 8~ 1~W2AVILLA PLAZA~ according to the Plat thereof recorded in Plat Book S~ Page 44, public records~ St. Lucie County, Florida. This h~stn+neM wts Prepare.y By ~ - - ~ ~ ' ~ a ~ C. WILLIAM LEWIS ~~'G' r1T~~~ ~ ~One Flrst FCaeral $avir.~s on~ ! ^r4.~ Ap~ANT Tp Q111}'TER 71-131~ JYCTS Of IYII.~ /1u'n. ef Ir+d~an R~.er C~u~ry iqBER lOR~R4 2045-14:'~ Ave. P.O. B~x l~p~ ~ ~I~qNT OOUKf. bT. LI~~ 00. NA. Vero G~:ach, Fl~r~~ ;f1950 to~ethe* with atl snd sinaular the tenements, hereditaments ar?d appu~tenances thereun~o belonging o~ In anyw~se appertaining thereto. and ; all rents, iswes, proceeds ~nd profits xtruin~ a~d to atcrue fran said premises, all of whith are included in the above and foregang de- i xription and habendum. 4 TO HAVE MID TO HOLO the sbove describod and grsnted premises unto the said MORTGJIGEE. ;rs successors and assigns forever. ~ ~d ~e sad M02TGAt',OR fo. their___~~~, ~inistrators a~d auigns, F~ereby tove~ants with the said MORTGAGEE, its sutta- sors and usigns, that.-_---------ttl~q--------------___~_lawfully seized of the said premises in fee simple; that the same are free. clear and dis- ' charged from sll liens and encumbrar~ces in Isw w in cquity. and that --th~)t- will ana their heirs shall warra~t and defend the titk w the same to the said MORTCAGEE, its wccessoa and assigns, forever against the lawful claims and demarxls of al) pe?sons; PROVIDED. /I~WAYS that if tlte MORTG/1GOR shsll pay unto the MORTGAGEE the promissory note F?ereinbefwe destribed, snd sFwll truly. promptly and fully perform, dscF~arge~ execute, complete. comply with and abide by each a~d every the stipulations. ag~eements. condtio~s a~d ewenants of said promiuory note snd of this Mort`age, then this Mortgage and the Estate he~eby ueated shall cease and be rwU and veirf IT IS U~JDERSTOOD that the word "Mortgsgor' whether in tfr. singular w plural anywhere in this Mortgage. shall be singular if one only and shall be plu?al jantly and several(y if more than one, a~d that the word "Their" as uscd anywhere in th;s Mortgage shall be taken 'r to +nean "his," "her," or "its," wherever the context so implies or admits Also, that wherever there is a refere.~ce in the tovenants and ~ agr~nts herein tontained to any of tF?e parties hereto, the same shall be construed to mean as well as the hein, I al r cessors and assi (either wlunta ~6 epresentatives, suc- ~ g~ns ry by act of the parties or involuntary by operation of the iaw) of the same and that the tovenants ~+erein c~tained shall bind and the-benefits and advantages inure to the ~espettive heirs, legal representatives, wccessors and assigns of the parties hereto. i F /4~d ssid Mortgagors, for themselves sr?d their heirs, legal represe~tatives. suttessors and auigns, he~eby jointly and severally cwenant ~ ` and agree m and with the said MORTGAGEE, its sutcessors snd auigns: 1. To pay afl and singutar the principal and interest and the various and wndry wrra of mw~ey payable by virtu4 of said promissory nate, ar~d this mortgage, each and every pramptty on the days respectively the same severally becane due. 2 7o pay all and singular the taxes, usessme~ts, kwies~ iiabilitias. obligations and incwr~bnnces of every nature and kind now oe ' said described properry~ or that heresfte~ may be ir?iposed, wffered. plxed, lev~ed, or assessed therean or that hereahcr may be levied or ! assesxd upon this Mo?tgage, or the indebtedness secured hereby~ each and every, whe~ due and payable accwdi~g to law, before they be- ; cxne deli~qucnt, and befae any interest attxhes w sny penalty is incurred; and insofar as any thereof is of record the same shall be prompNy ~ ; satisfied ard e~sthargtd of record and the o?i~inal official dotument (wch as, for instance, the tax reteipt or the satisfxtion paper officially ; endorsed or taiifiec~ shall be plxed in the hands of said MORTCAGEE within fen days next after paymenf; a~d in the event tF+at any thereof is not paid, satisfied and discharged, said MORTGAGEE msy at an~r ttme pay the same or any part thereof without waiving or affecting any ~ option, lien, equity, or right under w by virtue of this Mortgage. snd the full amount of each and every such payment shall be immed'utety i ` due and payable and shall bear interest from the date tF+ereof ~til psid at the nts of 9.25r per centum per annum and togtthei ` wFth wch entrrest siull be sccured by tFre lien oi this mort~sge. i 3_ To place and contirnausly keep on the buildings now or hereaher situated on said land and on all equipment and personalty cov- ered by this mortgage. with atl premiums thereon paid in fuU, fire inwrance in the uwal standard policy form, in a sum app.oved by fhc MORTWGEE, and tornado insurance in the uswl stsndard polity form,in a sum ~pproved by the MORTGAGEE, in wth canpany w tompanies ~ ' as the MORTG/~GEE may dirett; snd all fire and fornado i~sunnte policies on a~r of said buildings, any interest therein w part thereof. in ~e ~ : aggrepate wm aforesaid o. in excess tl+ereof, shall contsin the ~esual standsrd rrartgagce ctause or such other clause as the Mo.tgagee may ~ ~equire• i*~kN+B tF+e bts unde~ said po~icies. esth and every, paysbk to said MORTGAGEE as its interest may appear, snd exh sr~d every ~ ; wd+ poliey shall be prwnptly sssi~~ed and clelivered ro snd hefd by said MORTG/IGEE as further secu.ity ro said mortgage debr, snd, not ~ ; ~ess than ten { 10) days k~ advance of the expiration of each policy, w deliver to ssid MORTGAGEE a renewal thereof, together with a ~eceipt fw the premium of wch renewal• snd the~e siyll be no fire or twnado inwrance placed on any of said buildings. any inte?est therein or ~ ~ psrt N~e~sof. unias tn the form snd with the bu psyabk u sfwesaid: snd 1n the event any sum of mo~ey becanes psyabk under such ....s n~a_s~..r. ~ 8Q01(~1 ! PACFz~ e~ ~ - _ _ ~ ~ h.~ _ _ . a~~~