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Home My WebLink About0873 ~ ~3~ ~ ~'3; i ~P THIS INDENTURE, AMd~ th~ 25th d,,, of ' June A.D. 1976 b~tw~e? Jae~es R. Ottesen and Beth Allen P Ottesen, his wife of SL . L.uc ie ' co„~uy Fio.~a.. Mr~inaftK du~ipn~ted a• tM "MORTGAGOR," ~nd FIRST FEDERAI SAVINGS AND IOAN ASSOCIATION OF fORi VIERCE, ~ oapor~tan orya~iud ~nd exislinp v~dsr ~he lav~n o/ 1M Unit~d St~~q of Am~rica ~nd havinp its principal plap of businas in tM Gty of FoA Pi~ra, St. luci~ Counry, florida, hereinah~~ dniyn~ted u tM "MORTGAGEE:' WHEREAS 1M NIORTGAGOR k juttly indeb~~d to tht MORTGAGEE in ths sum of i 43~~Q•~ , good ~nd lawf~l morNy of tM Unifed Sf~N~ advaoc~d by the MOR~ClAGEE unto tFk MORTGAGOR, as avidenced by a ceruin p~omiuory note of eve~ da!e her~with, of which tM fdlowinp In ' words ~nd fipurp h a trw copY, to-wit: = 43, 400 .00 r,y,13000336 s - ~ P~~n. Fi~;d,. June 25 19 76 For v+iw receiv~d, 1, wa or eitFw of us, promise to pay, without dafalcat~on, to the order of FIRST FEDERAt SAVINGS AND LOAN ASSOCIATION OF FORT PIERCf at fwt Pieres, Florida, tAe sum of j 43+ 4~ with Enterest from date at the rate of8 • 75 % per +nnurt4 in mo~thly inslall- mems as (ollows: ~ 357•~ on the 2~th day of ~CtO~Z , 1976 and a I•w6 5::~: the cwrespondinp day of each month therr after until the whole be fully paid. . E~ch installment (irst shall be applied in payment of the interest ~nd thcn on the unpaid bal~nc~ of the princ~wl tum. If defauh is msde ln the paymem of any in~tallmcnt when due, and such default conti~ues 30 days, then at the oprion of the holde~, and withovt any other notice, all the r~maininq installmsnts shall be due and payable at once. Privileg~ is given to prepay thia note in whole or in pan st any t~me without penalty. Neitl~er forebearanp, not uceptante by the holder thereof afte~ any default i~ any payment~ hereon, shali be deemcd extension. A late payment charqe of = 17 • 85 aFwll be added to each installment remaining unpa~d 7 days aher its due dats, and ~ like avru shell be added ~o each such installme~t rtmaining w~paid 7 days ahe~ e+ch succeedinQ paYment date. Each maker, su~ety and endwxr hereof, joinlly and severally, waives dema~d, preseniment protest and no~ice of protest fw nonpayment, ~nd fvtthN agrees ro any extensio~ of t~ma of payme~t, either before w atte~ maturity, without no~ice to eny of us; and to pay all costs of collection, includirq a reasonabie attauey's fn in 1he event of any dafau~t he~~under, and hereby xverolly waives all beneiit of homestead and exemption urtder the tonatitvtan and laws of each State o( the United Stales, aa against this obli~ation.or any eate~sion or renewsl FKreof. Witneas the h~nd and ttal of eath party. • , ' s/Ja~e.s~ R: ~ Ottesen ~ 'iflr ~ ? Sg t;4 ,1~- cs~?u s/~eth Alien P. Ot~,eg,gn _ ~ . ~ $65.10 ) sur.-Rewnue ~u c~.~. ~.~.~a a+ ~.r,A~r ~ - NOW, THEREFORE, the NtORTGAGOR fw ths purpose of securinp payment of taid s~,m of t 43 s 400 , ~nd tM pef{ormance of th~ cov~nanri and ay~eemenq hereinaiter expressed. and for d~ven good.a~d vsluabl~ considentioro, by thess preseMt, does yrant, barysin, ull, remiss, releas~, convey ~~d confirm unto the NIORTGAGEE, its successors and ~ssipns, all th~t cert~in iot, piete w parcel of land, titu~te, lying, and beinp in ths County of St . Lueie ~nd State of Flwida, described as follows: L~t 2Q: R~~ck 40i RIVER PARK UNIT 4, according to the plat thereof on file in Plat i3ook 11, page 9, Public Riecords of St . Lucie County, Florida . n~~T'C! - 3~/~i - 5 3~~ • Ca - ~'E~'~ / By aqreeaent ot Mortgagoz and Mortgagee on file aith Mortgagee, the within ~ortgage secuzes not only an ~ ~ existing indebtedness, but also ADVANCES to be HF~tE- ; i AFTER made by Mortgagee to-~fettgagor, the aggregate ~ ~ of which will equal the principal atsount specified E in the promissory note secured hereby. ! ~ s ~ ~ M STATE ~F FL~R;~~- 1 p ~ ~ ' `t DOCUMENTARY~- STkM F T A~ ~ ~J ~N pAYMEt~ ~ ~.Z - ~ GEPt. OF i?EVcNUE .aF~ ~ ~~~E ~R~n~i ,so~A~ - PB. = JUL - t'76 6 5. ~ 0 ~ 01E ~ Cll?O ~~~R 71-134. II~S ~ o - ~ i ~ ot ,.~;:a~_ , ~yll(~ 1 pplT 00, ftti . q1~Ifi OO~IiR, Si. ~ ~ ~ to~tther with all and siryul~r tM tenements, heredit~menri and appurtarxei thereuMO belongirg w in ~nywite appertaininp thereto, ~nd ~U rent~, isiu~, ~ ~ proceeds and profiri sccruinp and ta s:u;;a from :sid premises, all of which ue inclucled in tF~e abovt and foreqoirg descriptan ~nd Mbe~dum. ~ ~ ?O HAVE AND TO HOW ths ~bove described and gnnted premises ~nto tM ~aid MORTGAGEE, its succeswrs and sssiyro for~vK. Md fh~ uW ~ ~ MORTGAGOR for ~Y-- heirs, executas, sdministratas s~d assigns, hereby covtnanb witfi the t~id MORTGAGEE, ih wttesso~~ and astiprr, ~ rMt t~CV a re_ ~,,,~„~~Y ,~;:~d of the said premises in fee iimple; tF?~t 1M same sre frae, clear end dixharyed from ~11 li~ns and ~ncum~ ~ brancei ~n law w in equ~ry, ~~d ths? they will and theiZ heirs shall w~rrant s~d defsrd th~ titb to the sams to tFr saW ~ ~ MORTGAGEE, ib successors snd assiyns, fuever agairut the Iswfu! claims and demar~d~ of ~II persora; ~ > - PROVIDED, ALWAYS thal if 1Fta MORTGAGOR shsll pay unto the MORTGAGEE the promiuory note F~ereinbefor~ desuibed and ihall truly, promptly t R and fully pe~fwm, dixharge, execute, compkte, comply wi~h ~nd ab~de by each snd every the sNpulations, ayreements, conditio~s and wven~nb of said f = promiuory ~ot~ snd of fhis Mortgsge, then this Mortgaye and fhe Estete hertby aeeted shall ce~se and be nvll ~nd void. € ~ IT IS UNDERSTOOD tMt the wwd "Mwtgsgor" whethe~ in the sing~:ar a plu?al ~nywhere in this Mortgsge, shall be sinyular if orn a?ly u~d ~ sMll b~ plur~l jointly ~nd sevaally if more than ont. ~nd that the word "theN" ~s used anywhere in this N1o?tg~ge sF?~II be uken to me+n •'his,•• •'hers" ~ w••its," wFrorever tM tontext w implies w ~dmits. Alw, that wherever the~e is a reference in the covenann a~d syraemeMS Frorein oontained to ~ny of .'-`i : rM puties he?eto, the um~ shall be cw~strued to mem ~s well as the hein, kpal representatires, successon and usigns (~ither volunqry by ~ct of th~ s, b ` p+?ti~s a involuMary by opention of the law) of the same and that the coven~MS herein contsined shall bind ~nd ths b~ne4iri and advant~b inw~ ~ to the r~spective hsin, leyd represenfatives, successon and ~ss~yrq oi the parties hereto. • ~ Md ~aid Mortqsgon, for themselves and their hein. leyal rep~esent~tives, iuccessa~ and ~uiyro, hereby jointly and sev~rally covemnt ~nd prk to and with ihs said HIORTGAGEE, its succ~ssws and ~uiyro: ~ 1. To pay ~11 ~nd sirg~Ia tl+~ princ+pat and imerest and tM wrian and sundry ~umt of mo~ey paYibl~ by virtue of sak! promiuwy nof~. ~nd thit ~ ~ mort9aye, eath ~nd evKy, pomptly on tM days respectively the same stv~rally.betorr» due. ~ ~ 2. To pay all and sinyulsr tlk taxes. ~uessmemi. Isviet, liabiliries, obtiyatiwu and erKUmbranus of ~very n~tw~ snd kind now on said deavib~d g bd prop~rty, a that he~eah~r may b~ impo~ed, :uffered, pl~ced, levied, or ~u~s~ed thereon, a thst Mereafter may b~ levied or assessed upon this Mortp. ~ ay~, a tht indebtedn~ss ~ecured hereby, tad~ and ev~ryr, when dw and payable. ~ocadinp ro bw, befor~ they becan~ delinquent, and b~fq~ a~y int~r~st ~ ertathes a any penaity is inturred; AND INSOFAR AS ANY THEREOf IS OF RKORD THE SAME SHAII BE PROJNPTIY SATISf1ED AND DISCHARGED Of ~ RE~ORD AND THE ORIGINAL OFFICIAI DOCUMENT iSUCH A5, FOR tNSTANCE, THE TAX RKElPT OR TME SATISFACTION PAPER OFfICIAIIY ENDORSED ~ OR CERTIfIED) SHAII 6E PLACED IN THE NANDS OF SAID MORTGAGEE WITHIN TEN DAYS NFXT AFTER PAYMENT; ~nd in tM event tF?af any fher~of ia no1 s paid. saYsfied and discharged sa:d MORTGAGEE may st any time p~Y the tame w any part thereof witFwvt waiviny w affetling a~y option, li~n, equity or j ~ •iQht under or by virtue of this mortgaye and the full amount of each and every such paymcnt shall be immediately due ~nd payable ~nd ~hall bea~ int~rpt ~~om the dNe thereof until paid at rate of nine per centum per annum ~~d toyether with suth interest ihall be s~cured by th~ lie~ of th:s morytapa ~ ~ & ~ ~ ~~~-G~ ~ 3 _ .