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THlS lNDENTURE, IM~d~ t~ 26th ~y of h{~iCh . A.p. 14
73
- b~twNn
Willias D. Kobusch, a single adult ` _
of St. LUCi@ County Fbrida, he?tin~hN detiynated ~i 1M "MORTl3AGOR," and FIRST FEDERAI SAVINGS AND IOAN
AS50CI/lT1pN Of fORT PIERCE. • owpor~tion orp~niud and ~xistlnp w~d~. tM I~ws of th~ United S~~ta of Am~rka ~nd havinp ht priocip+t plau of
bu~~s in tM City o~ Fat. PiKCe, St. luci~ County. Fbrid+, Mr~inehK d~~ipn+t~d as tM "MORTGAGEE." .
WHEREAS th~ MORTGAGOR is justly ind~bt~d to th~ MORTGAGEE in tM sum of = 22 • 2~ yooil ~nd I~wful mw?ey of the United
Stste~ advanced by tM MORTGAGEE unto tha MORTGAGOR, as ~vidsnced by ~ cerlain p~omiuory noq of even date herewith, of which tM followinp in
wordt u+d f~w q is a trv~ topY. towit:
: 22,200.00 . ~ 10019638
P~., F~«~., March 26 19
~ fa v~lue received, i, we or athtr of us, promiss ro pay, without def~tcstion, to the wder of FIRST FEDERAL SAVINGS AND IOAN ASSOCIATION OP
FORT PIERCE at Fat Pierce, Flaidi, tM tum of = 2'Z M•~ with intere~t from dats at tlw rate of 7• 5 Xo per anrsum, i~ monthly install-
mentt ss followu ~ 179 • on ths lOth day of AuSuS t 1q73 ~nd • Iik~ sum on ths correipa~dirg dsy of each month the?r
afte~ until ths whole_bs fully p~id. -
~ pp payment of tM interost aod ~hen on the unp~id balsnce of the principal sw~. ff defauk & made in the
\ E~ch iesbilmenf fint sMll bs a liad in
payment of sny initallment when dus, and such ckfwlt continues 30 days, ther~ st the option.of the iwldcr, and without any other notice, ~II the remaini~p
~ ;nsullmsnfa shail be dw snd payable at axe. Privile~s is 9iven to prep~Y this oote in whol~ or in pin ~t ~ny time witl?out peitilry. Neither forebearance,
~ nor ~aeptanu by the hoWe~ thsreof aher sny default i~ any paymenri hereon, shall be deemed extenian. A late payment ch~rye of s 8• 95 shaN ba
~ added fo eath irotsllmeM remaininp uopaid 7 days affer ib due dafe, ~nd a like wm shall be added to exh suth installmenl remainirg unpaid 7 days afta
each succaederg piyment date.
L Eath make~, w?ery aod endorser hereof, jointly and sevenlly. wsives demand, presentment protest and notice of protest fw noe~payment, and further
agrees to sm ~xte~ioe~ of time of payment, either before or aRer maturity, without notKe to any of vs; ared to pay al! costs of colledio~, includ~np a
~ reason~bk •ttwaey's f~e in the eveM of sny defauit hereunder, ~nd he~eby xverally waives all benefit of homestead snd exemption under tM ca~stitution
~ ayd laws of each State of the United States, as against this obligation ot any exteniw~ w renewal hereof.
\ ~tness the hand and sesl of each party.
~ g~ W~l liam D~ KAhLCr~h ~ ~+n.+t~~
~ . _ '-ad ul t'~ cs~?U
~ (S~?U
~ ~ 33.30 ? Stat~ Revenve ~u
~ ~ ~Sra~npr e~na~N~d ~+eelyirnhnwe~
NOW, THEREfORE, tha MORTGAGOR fw ths pwpose of securing psyment of said sum of i 22 ~ 2~ ~~?d tM pe?form~nce of tM
covenanb and ~greemenri herein~fter expressed, and for divers yood aod vsluabk consideratioro, by thes~ p?esants, do~s gr~nt, bu9ain, sefl, remise,
release, convey and tonfirm unro the MORTGAGEE, its successws and euigns, all thst oertain lot, pieoe w pucel of land, sitvate, (yirg, and beirg in tM
Covnty of St . LUC 16 u~d Stat~ of Florids, d~scrib~d ~s follows: . -
I.ot 8, B1ock 3219, PORT ST. L~IE. FLORESTA PINES~ ZA~RT NO. l, as per
pl~t thereof on file in Plat Boak 16, Page 35, of the Public Recozds
of St. Lucie County, Florida,
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N . ~ E~s~~''` 191Z-
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ST'A oR FL ~.zs ~ w
I' gy ,~,a _ DOCUMEN ARl' O R I Q.,C~ I ~ z ~
, ,r,. _ ofar.of R~vE~ tAMP TAX j ~y:yi~~.;pt°~t~~~,;~~
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~ together with all snd sinpular the tenemen», hereditsmenb snd ~ppurtances the?eunro be{aginp or in ~nywise ~pperiiinirg theraro, and d! renta, is~ws,
~ proceeds ~nd profiri acvuing and to acuue from said premiaes, all of whid~ ~re indudad in the abo+r~ and forpanp deacription and habeodwn.
~ TO HAVE AND TO HOW tl+e above deuribed and grsnted premisea unto the taid MORTGAGEE, its waessws and mgro for~va. Md th~ wid
€
~ MORTGAGOR for h15 hein, execufon, administraton ~nd auigr~, hKeby ooveMnfs with tht said MORTGAGEE, its wass~ots ~nd arsiprn,
thaf he i 5 lawfully seized of the said premises in fe~ simple; that tl+~ ~ame ar~ fr~e, clear and diuhsr~ed from sll Ikns and ~ncwm
~ brences in bw or in u~ snd that he will and h1S heirs thall warrant and d~fsnd tlr titt~ to tl» ~aen~ to the said
~ MORTGAGEE, its s~rccessors and assiyns, faever ayaiast tM f~wful claims and demsnds of a!! pnsorat ~
PROVIDEO. AlWAYS tMt if th~ MORiGAGOR shall pay vnto the MORTGAGEE the promiuwy not~ her~inbefon d~wibed and sMll truly, promptly
` snd f~lly perform, dacMr~e, execute, compkt~, comply witF~ snd abide by esch ~nd every the stipulations, apre~n~ents, conditions ~~d cov~nanri of s~id
€ promissary note and of this Mort~~pe, then this MortQpe and tM Estate h~r~by aested shall cea~e and b~ avll and roid. ~
; IT IS UNDERSTOOD thst tfw wwd "Mortyayor' wl+ether in the singvlar or plwal anywher~ k~ this Mwtp~e. ~II b~ sinpula :~f on~ only ~nd
e .hall be plu~d jolntly ~nd wverally if mor~ thao on~. ~nd that the word "theu" u~ned ~nywhen in thia Mwtpape shdl b~ t~ken to m~an "his," "i~rs:',~ y
€ or "its;' whaevN tFr oont~at w implies o? admita. Also, that wherewr there h a r~fer~nu in tM cov~nrs and aprt~rtNnh lwsln ooMai+Nd ro arhr of
~he p~rties h~nto, thr sun~ rhal! be construed to rrw+n ~s w~ll as tlw Min, ley~l ~presenruives, suaasson a~d as~ro (~itha volunury by act of t!~ ~ (
parties a involuntary by~ opKatan of the I~w) of tM iame and that ~F~e coven+nn he.•in c«n+i,wd slwtl bind and rM b.Mfin and adv.orpea inun I~" ~
~ ro th~ rapectiw Mirs, I~pal rtprese~t~tivet, wcces~on and aa~y~s of th~ parties haeto. ~ ~
~
And satd Mortyapon, for tMmselvn a+d their h~in. Ipal t~pr~enratives, svaesson and ~uipro, i+~reby jantly and ~evNally caven~nt and pne v
~ ~o ~nd with the said MORTGACsEE, its ~uccesiws ~nd ~uiyra:
~ 1. To pay dl ~nd sinpular tFw princ;p~l and int~rest and t1k v~rian and wrd~y sums of ma»y paYaW~ by vktw of said
€ mo~ty+pe• ~ad~ ad rwry. WomPtly on tM daya re~p~ctiv~ly tfw s«rM sswr~lly b~corrk d~r~e. P~omissory not~, ard tfds rr'
g 2. To pay ~11 and sirgulw tks r~xes. ~srauewnt~.- Iwies, l;abil~ti~s, obliyatiwn M~ lflCWr~~rKy Of fvfry MhN~ N1d k1M~ now on aid dnalMd ~
~ p.op~rtr, a that hK~ahN m~Y b~ in+Powd, wffa~d, pl~cad. Iwi~d. a ~~seswd tha~on, a th~t h~r~aH~r may b~ Iwi~d a u~sss~d vpon M~is IlAortp~ ac
y~, a t1M indsl~~dn~ss ~~d her~by, e~ch ud way. wMn due ~nd pay~ble. ~owrdinp ro I~w, b~fae thty b~co.rr ddM~qwm, and b~fon any Maat aro
att~tht~ or any penalty is Inc~rrr~d; AND INSOFAR AS ANY TMEREOF IS OF RKORD TME SAME SHAII dE PROAAPTLY SATISFIEO AND ~ISCNARGEC Of ~
~ RECORO AND TME ORIGINA~ OFfICIAI DOCUMENT (SUCH A5, fOR INSTANCE, THE TAX RECEIPi OR THE SATISfACT10N PItPfR OffIC1AtlY ENOOfSED
OR CERTIf1E0) SHAII dE /l/IGED IM THE HAMDS Oi SAID MORTGAGEE WI~HIN TEN ~AYS NEXT AFTER PAYAAENTf +ed In tF~t weM that ~ny tMr~of it not
p~id, ut'~fi~d ~nd d7fcha~q~d s+:d NtORTGAGEE rnay ~t ~ny timr pay th~ iam~ w~ny part thNeof whi~ovl w~ivinq or ~f(tctinp q~y option, li~n, pvitp or
•iph~ undN a by r'utw of this mwtyap~ ~nd tht (ull ~mount o/ e~ch ~nd rvery wch payment ahall b~ imm~diat~ly dw and payablt ~nd shalt ba~ intsrqt
i.o~n ~h~ dN~ thM~of ~ntil p~~d r~i~ of n~ne per t~ntum per ~newwn ~nd toq~~Mr w~th wch intMNt ~MII b~ wtwed by tM li~e~ ol ~b:s mw9tap~.