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THIS INOENTURE, IiMd~ the 8t'h day of ~brua~ , A.D. 19 7~ between '
.*,~°~.ence E. Hostetler and Annette Hostetler, his xife {
of St _ t][~~ A Co~nty Florida, hereins(~N desi9nate ~ t~+~ "MO~tTC~OR;' fIRST fEOERAI SAVINGS AND IOAN
ASSOCIATION OF fORT PIERCE, a corpaation oryanited ~nd ex~s~~n~ under tM la~ oi tM Un~red S~atN of M+e~ic~ and Mvir+p its principal plec~ of
bus~nss~ in tM Ciry o( fwt Piac~, St. lucis ~ounty, Florida, he~einafter desipnated as tM "MORTGAGEE:'
WNEREAS Ihe MORTGAGOR is ju~tly indebted to 1he MORIGAGEE in the sum of i~~ ~0•~ , good and la~v(ul money oi the Un~ted
Srates adranccd by the MORTGAGEE unto ~he MORTGAGOR, as evidenced by a certa~n promiuwy note of even date 1n:ewith, of wh;ch the fol~ow~np in
~vords and +~yurrt ia a true copy, to-w~t:
s 3!~ , 000 . 00 3-t 7 949
Fort Pierce. Flwida. Februa~y 19 72
Fw value rxeived, 1, we w either of us, p~omise to pay, without defalcaiion, to the order of FIRST fEDERAI SAVINGS AND IOAN ASSOC~ATION OF
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FORT PIERCE at Fwt Pierce, F~o~ida, Ihe sum o( 5~~.1~0•~ w~th interest from date at the rale of _L~.A'o pe? ann~m, in monthly imtall-
~~:tnu es fol'ows: S~~•~ o0 1he ~ 8t day of JUne 19.. 7~ snd + like sum on the correspond~~+p day of e~ch month there-
aftrr until the whole be fully paid.
Ea~h ~~stallment first shail be applied in payment of the interest and then on the unpaid balance of the principal ~um. If d auh is made in the
;;e~~nent of any insta~lment when dve, and such default continues 30 days, lhen at the option of the holdcr, and without any other ~otice, all the remaining
.ns~allments shall be dus and payable at once. Privilege ia given fo prepay this oote in whole or in parf at a~} time without penalry. Neit~he~r~ foMrebearance,
nor acceptance by the holder thereof aiter any default in any paymen~s hcreon, shall bc deemcd extension. A late payment charge of S-!_Y~4 sh~il be
..dded ~o each installment rcmaining unpaid 7 dayt after its due date, and a like s~m shall be added to each such installment remaining unpaid 7 daya ifter
each succeeding payment date.
Each maker, surery and endorse~ hereof, joinlly and severa~ly, wa~ves dcmand, presentment protest a~d notice of protest fo~ nonpayment, and furthe~
agrees to any eztension of t~me of payment, cither before or affer maturity, without not~ce to any oi us; and to pay sll costs of collection, includ~~g a
rr~ionable ateorney's fee irt the evenl oi any default hereunder, and hereby severally waives all benefit of homestead and exemption unde~ the tonstitution
,~,d laws of each State of the United States, as against thia obl~gation p any eztension or renewal hereof.
W+tncss the hand and xal of each party.
s/ LaKrence E. Hostetler _ ~~Ai~
ISEAI)
s/ Annette Hostetler ~~i~
cs~?u
~ 51. oo , s„~e R~~M,~
NOW, THEREFORE, the MORTGAGOR for the pu.pose of securing payment of said sum of S~a~O•~ ~nd the performance of ths
covenants and agreemenrs he~einafter expressed, and fw divcrs good and valwble considcrations, by these presents, does grant, barqain, sell, rem~se,
release, convey and conf~rm unto the MORTGAGEE, its svccessors and auigns, all that certain lot, piece or parcel of I~nd, situste, lying, u+d be~np in 1he
Covny of Sti . Lwe ie and State of Florida, dewibed as follows:
The South 165 feet of the S 1/2 of the NE t/!~ of the NE 1/!~ of the NW t/li of Section
30, To~rnship 35 South, Range !t0 East, consisting of 2 1/2 acres, more or less, LESS ~
! the East 33 feet for road right-of-way,
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~ rogether with all snd singul+r the tenemenb, hcreditamentt ~nd appurtances thneunto belonyirg w in anywise ~ppertaininy therero, and ~II rtnts, iuues,
proceeds and profits ~ccruing a~d to accrue from s~id premises, ~II of which ~re intluded in the above and forpany dtwiption ~~d Fubendvm.
TO HAVE AND TO HOID the sbove desuibed +nd qr~nted prem7ses unto the s+id MORTGAGEE, it~ iuccessors and +uipro forev~r. Md t!w said
~ MORTGAGO for ~hef r_ he~rs, executws, adminiitrators and auigns, hereby covenants with ths s~id MORTGAGEE, its wccetwrt snd u~ipro.
~ ~e are
~ rhat y---- tawfully se~zed of tF~s said premis~s in fe~ simple: that tFw same ar~ irw, cksr ~nd diuharyed from ~II lieru and ~ncunr
brance~ in law or in equity, and that Lhey will ~nd their heirs sh~ll warrant ~nd d~fe~d tiK titb to 1M tam~ to th~ said
MORTGAGEE, its successors ~nd assigns, faever pairut th~ I~wful claims and demands of all per~wu;
PiEOVIDED, AlWAYS that if the MORTGAGOR ~MI! pay unro tF+e MORTGAGEE the promiasory note hereinbeforQ deuribed and thall hufy, promptly
end fully perfwm, d~xMrge, e:ecut~, complete, comply wirh and ab~de by each ~nd every tiu ~tiputations, ~yre~ments, condi~iom ~nd cownanri of s~id
p~omisswy note and of this Mortyage, then this JlAorry~ye •nd the Estate hereby aeated thall ce~s~ and be null and void. ~
~ IT IS UNDERSTOOD tMt the word ••Mwt9sya•• whether in tM •ingula. a plw~l anywhtr~ in this Mortyay~, shall b~ ~iopula if on~ onty ~od
shdl be plural jointly and ~ever~lly if mor~ th~n on~, and tMt tM wud "tF~eir" as used anywher~ in this Mortpa~ ihall b~ t~ken to rtnan "his; ••.h~n; .
or "ib:' whcrever the conteat w implies or ~dmiti. Alw, that wherevei there is • n(erente in tM covenaMS ~nd ~yr~ementf hersin conbirnd to any of
rh~ parties hereto, the same ah~ll be comt?ued to rrK~n as well as the F~eiri, ley~l rtp~esent~tivn, successwi and auiyin (eitMr volunt~ry by act o4 tl»
~ parlief o? involunt~ry by operatiw~ o~ the law) o~ the samt and that the coven+nts ixr~in co~t~ined sMll bind and tht b~ntfin ar~d ~dvanta~q inur~
~ to the respectiv~ hei~~, le9a1 r~esent~tives, wccsssors and as~~yns of tht p~rties hereto.
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' And ssid Mortg~ws, fw themtelve~ and rheir heirs, leyal representative~, iuccessors a~d nsipns, hereby joir.tly ~nd sevH~lly cov~na~t •nd pfae
ro ~nd with the said 1NORTGAGEE, its successo~s ~id assigns:
1. To pay all ~nd ii~pulu tM prirKipal ~nd iMerett ~nd th~ variovs and sundry wms of mon~y payabl~ by virtw of f~id promiswry note, +nd this
matype, exh and every, promptly on tM dayi ~espectivdy the sam~ Hv~rally becortw dw.
`~LL~ 2. To pay dl ~nd •inputar the t~xe~. +ssesunenn. I~viei. liabilities, obliy~tioru ar~d sncwnb~nces of every rurun and kind now on said d~scrib~d
' p~operty, w th~t hereafter may be impot~d, suffered, placed, teried, o? ~s~essad thereon, a that here~fter may bt levied w~isn~ed ~pon this Mwt~-
.~a aye. a tM indebted~u ~ecur~d he~eby. fKll af1A ~VNY, when dw ~nd payable, xcudirg to law, be(ae they become detinqvent, and b~fw~ uiy int~rei~
anaches w any penahy is inturred; ANO INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAtI 6E PROMPTIY SATISFlED AND OISCNARGED Of
- RE~ORD AND THE ORIGINAL OFFICIAL DOCUMENi (SUCH AS, FOR INSiANCE, TNE TAX RECEIVT OR THE SATISfACT10N PAPER OFFICIAIIY ENDQRSE~
OR CERTIFlED) SHALL EE pUCED IN THE HANOS Of SAIO MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; and in the event tFut any thereof is nof
paid, sat'sfied •nd disch~rged sa:d MORTGAGEE m~y at any t~me pay the same w any pa~t thereof without waiviny ot a}(ectinp any option, lien, equity p
•iqht under w by virtue of ~his mortgagt and the full amou~t of c~th and every zuch payment sh~ll be immcdiately due •nd p~y~ble and shall best inferest
~.om ~he d~1e Ihereo( until paid at ratc of n~ne per tentum per ~~n~m and topether w~th ~clR~n~r~~al~beEs~`~~~tht lien of th:s mapb~.
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