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' THIS~INDENTURE. Made the.._ .~S~
t. O~y of QCX.QbeL-.--.----~V~~~ , A. D. 19 73~tween
_ _JAMES..H..BUCHANAN/an8_MARY~BUCHANAN,. his wife.._
of , St_,_ Lucie__,. . ~a„~~y~ Fio?ida, herei~fter designated as the "MORTGAGOR," and FIRS1' FEDER/1L SNVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, s torpuntion o~gani:ed and existing undcr the laws of the United States of Amc~lca
snd having its principal place of business in tho Ciry of Vero Beach, Ind~an Rive~ Cou~ty, Flarida, hereina(ter designaied as the "MORTCAGEE."
WHEREI~S the MORTGAGOR is justl i~debted ro the MORTGAGEE in the wm of Five ThouSand and. no/1~Q_..
(s 000._QU. Oollars, good and tawful money oi the U~ited States advanted by tFw
MORTGAGEE unta the MORTC/1GOR, as evidenced by a tertain promissory note of even date herewith, of which the followina in words
and fiQu~es is a true topy, to-wit:
S 5, 000 . 00 No.
Vero Beath, Florida. _ - -~C~Q~~T ~I, . - - _ • - - • _ 19 .73.
For value reteived 1 or we jointly or severally promise to pay to FIRST FEOERAL SAVINGS /lND L0/1N ASSOCI/1TION OF IN~IAN
RIVER COUNTY, the sum of s_~aQOQ.00._. at its office i~ Vero Beach, Flwida, with i~terest at the rate of . 9
per te~t pe? annum, in the followin~ manner.
s___ 6~ upon the fint of each and evary month herwfter until the fu11 p?incipal sum, with i~terest, has been paid; said
monthly payments shall be appfied first to the payment of interest on the unpaid balance, and then to the payment of principal,
This note is negoiia'u'a and if default in payment occurs, msy be ptaced in tF+e hands of an attomey at law for collection, in which
eve~t 1 w we agree to pay the costs of tollection, including s reasawble attorney's fee, and each of us, whether maker, guarantor or endorser,
hereby seve~ally waives demand, notite of na~-cavment and protest of this note.
/.s.~_ J.~m~~_ Buchanan,.-Sr ~ - - - - ~Seau
./s-~ - Mary1~uchanan - - - - --cseai~
In the event any payment is not made prior M the 20th day ot the month when due, then this note shall bear interest at the rate of
?096 fran the date any such payment became due and throughout the period of suth delinquerxy.
State stamps paid and tancelled on original of this note in the amount of s__. 7.?5Q_
NOW, THEREFORE, the MORT(;AGOR iw the purpose oi securing the payment of the said wm of S_ S_: ~00.00_,__ t~
~e.formance of the covenants and agreements hereinafter expressed, and for divers good and valwble tonsiderations, by these presents, does
grant. bargain, xll~ remise. release, tonvey and confirm unto the MORTGAGfE its successors and assigns, a!I that certain lot~ piece or parcel of
land, situate, lying and 6eing in the County of ____5~.. Lu~~,e_..._ . and Ssate af fl~:i~, destrebed as fo~laws;
Lot 23 and the North Half of Lot 22, Block 49 of Biltmore Park,
a Subdivision according to the plat thereof, recorded in Plat
Book 4, at Page 52, of the Public Records of St. Lucie County,
Florida.
7hi5 Instiw~r.~c: '~~'a: P:c^rcd By l
o. snKE~, ~R. `
RlGEIYlD (i. (J~ 1N PAYIIENT OF TI~ ~irst Federal Savintis and Lean
~~~$$'C' INjANGIdLE YE=90~1A1 PROPEIIIY~ l~ss'n of Ina~an F:iver Cou~tY
jo ,~.n:r~ 7t-l~. ACZS Of 191L ` 2045-14tfi /1ve. P O. Eox 1:09 z
PU~UA~7 ~~T~g Vero BcacF~, Flw~da 32?50 ~
(~RK C![tCUt~ CWa7. S1. UICtE 00. ~
z
together with slt and singular the tenemer?ts, heredita^~ts and appurte~ances thereunto belongeng or in anywise appertaining thereto, sr?d
atl ~ents, issues, proteeds and p~ofits actruing and to accnx from said premises, atl of which are inc(uded in the above and foregoing de-
i scription and habMdunl.
TO HAVE M1D TO HOLD the above destribed and graAted premises unto the said MOR7GAGEE. its wccessors and assigns forever.
F And rhe said MORTCAGOR for ___.theiT~„~~ ~~tors~ administraton and assigns, hereby covenants with the said MORTGAGEE, its wcces-
; sors and assigns, that__.___.._________they___.___~______~awfulfy seized ot the said prem+ses in !ee simple; tFwt the same are free, clea~ and dis-
; charged from all liens and encumbrantes in law or in equity, and that -they-- ~~t a~ their- -~;n s~l! warrant and
Cefend the titk io the sartre to the said MORTGAGEE, its successors and assign;, foreve~ against the lawful claims and demands of all persons;
t PROVIDED. A~WAYS that if tF+e MORTGAGOR shall pay unto the MORTGAGEE the promissory note hereinbefore describe~, and
; shall truly, promptly and fully_ perform, discharge, exetute, complete, comply with and abide by each and every the stipulations, agreements.
~ conditions ar+d tovenants of said promissory note and of this Mortgage, then this Mortgage and the Estate hereby created shall cease and be
; nul) and voirl
5 IT IS U~~DERSTOOD that the word "Mortgagor" whether in tFr! singula~ or plural anywhe~e in this Mortgage. shall be singular if one
~ only and shal! be plura! joinrly and severally if more than one, and that the word "Their" as used anywhere in this Matgage shalf be faken
to mean "his," "her," or "its," wherever the contezt so implies or admits. Also, that wherever the~e is a refere:~ce in the covenants and
~ agreements herein co~tained to any of the parties hereto, the sar»e shall be ce^s!~u~+ to ~ean as wPll as the heirs, leqal representatives, suc-
~ cessars and assigns (either wluntary by act of the parties or involuntary by operation of the law) of the same and that the tovenants herein
contain2d shal! bind and the benefits and advantages inure to the respective heirs, tegal representat~ves, successors a~?d assigns of the
~ ~arties hereto. ,
- And said Mortgagors, for themselves and their heirs, legal representatives, sutcessors and assigns, hereby jointly and severally covenant
~ and agree to and with the said MORTGACEE, its successors and assig~s:
, 1. To pay all and singular the principal and interest and the various and sundry wms of money payable by virtue of said promisso.y
rote, and this mortgage, each and every promptly on the days respectively the same severally become due.
" 2. To pay all and singular the taxes, assessments, tevies, lia5ilities. obligations and incurnbrances of every nature and kind now on
said desc~ibed property, or that hereafter rtwy be imposed, wffered, placed, levied, or assessed ihereon or that hereatte~ may be levied or ~
- assessed upon this Mortgage, or the indebtedness secured hereby, each and every, when due and payabte according to law, before they be-
- come delinquent, and before any interest attathes or any penalty is incurred; and insofar as any thereof is of reco?d the same shall be promptly
satistied and dixharged of retord and the original offitial document (wch as, for instance, the tax reteipt or the satisfattion paper officialiy ~
endorsed or certified) shall be placed in the hands of said W(ORTGAGEE within ten days next alter payment; and in the event that any thereof
# +s not paid, satisfied and discharged, said MORTGAGEE may at any time pay the same or any part thereof without waiving or affetting any
{ optio~, lien, equity. or right u~de~ or by virtue of this Mortgage, and the tull amount of ea~ch and every such payment shalt be immediatety -
due and payable and shall bear interest from the date the?eot until paid at the rate of y per Centum per annum and togeiher
with such interest shall be secured by the lien of this mortgage.
- 3. To plxe and continuously keep on the buildings now or hereafter situated on said land and on all equipment and persona~ty cov-
ered by this moctgage, with alt premiums thereon paid in full, fire insurance in the usual standard policy form, in a sum approved by the
MORTGAGEE, a~d tornado insurance in the uwal standard poliq form,in a wm approved by the MORTGAGEE, in such company o~ companies
as the MORTGAGEE may dirett; and alI fire and tornado inwrance poticies at any of saed buitdirtgs, any interest therein or part thereof, in the
aggregate wm aforesaid or in excess thereof, shall contain the usual standard mortgagee clause or such other clause as the Mortgagee may
',E repuire, making the loss under said policies, eaCh and every, payable to said MORTGAGEE as its interest may appear, and each and every
' such policy shatl be prompdy assigned and delivered to snd F+eld by said MORTGAGEE as fu.t%~er secu•ity to said mortgage debt, and, not
~ tess than ten (10) days in advance of the expiration of each policy~ to deliver to said MORTGAGEE a renewal thereof, togethe? with a receipt
for tlx premium of wch renewal; and there shalt be no fire or torn3do insurance placed on any of sa;d build~ngs, any interest therein or
~ part thereoE. unku in the form and with tF+e loss paysbk ss aforesaid; and in the event any wm of money becomes payable under such
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