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THIS INCENIURE, hlade the 29 t1~ day o1 ~~ri 1 _ ~ A D. 19_ 7 S, between~
_ ^ , i,awrence F.. ,i#ostetler ~litCj Annett~ ltostetler~ hi~ N'lfP ~ ~ _
of St. ~..UCl@ County F~oride, hereinaftrr des~~naicJ as tha "A10R1GA3QR;', ~~d FIRST ~EQERAL SAVINGS AND LOAN `
ASSC}CIATION OF fORT PIfRCE, a corporahon organi:ecf and exist~ny under the lews of the United Stares of Americe and havir.g i!s prin~ipal place of
bu~iness in the Ciry of F~N Plerce, St. lacie Cou~ty, florida, hereinaftcr d'esig~ated as ~he "MORTGAGEE:'
WHEREAS ~ha h10e~TGAGQR it juitly i~debted to tl:e h1l~Ri,riAGEE in il~e ~wn of 3~__ 1~~~~Q•~~~~_, good artd lawfu~ money o( tl~e Unlted
Stetes eclranced by the hlpR~GAG.E unto the A'.CRTGf~GGR, as a~id~r~ced by a ter`a~n promissory ncte of e+en datc herewith, of which tha (ollow~r.g in
~ ~Yerds and (ipures is a tru~ copy, to-wit: -
:~~QQO.OU " N, 130~OU27
Fort Pia:ce, Florida, ____~~ril __29 19 75_
For v:,l,;e received, I, we or either of us, pra~~iise 1o pay, v~i~heut de}:Icatian, » th~ order oi FIRST FEDERAI SAVINGS AND IOAN PSSGCIATION ~F
.`JRT PIERCE at Fort Pkvtr, florlda, the svm ot s_ 43lU00.~0 with iNereet (ro~n Jate at the rata of _Q!?~ per annum, in monthly ins7a11-
ments as ro~!ows: s~35~ •O~ Qn thc ?~t`tlay of _____~~U~e l9. ~
5_ and a like avm on tha torrespondi~g day oi eath moMh therG-
after ~nti! Ihe whole be fully paid. . , '
Each inslallment (irst shall be applied in payment of the ir,rerest~and ~hcn on :he unpaid 'ualance of the princ~pal sum. If defauU is made in the
payment of any instaUmenl when due, and svch dafault tont+nues 3Q daya, then a1 the o~~tion of ihe ho?der, and without any other ~osice, all ~ha remainin9 -
ins~alLii~~ts shat! be dve and payab!e at once. Privileqa is given te prrpay this note +n who~a cr rn part at any Hma wilho~l penaity. Nei~het forrbearanca,
nor acteptance by the hotdcr thereaf after any deFault in any paymer.ts hereon, shaU be deemed exlansion. A tate paymcnt charge oi 5-17 • shal: be
added to ezth inslatlme~~t romaining unpaid 7 days afte~ its duz c~ate, and a like sum sf;all be added to each such instalbnem remaining unpa~d 7 dayt ~tter
; each succeeding payment dare. , ' -
Each maler, w~eiy and endorser hereqf, jointly and severally, waives demand, ~resantmenl protest and nolice of protes~ t~or nonp~ymenl; and furtker -
° agrees to any txtension of tima of paym~m, either be(ore or aftrr malurity, witt,out notice to any of us; and to pay all cosls of cotlection, includir.g a
reasonable a;ro;n~y's fee in the e~ent of any default here•mder, and hereby se~erally ~n•ai~•es all benefiit of hamestead and eRemption under 1he c~nslitulion
and laws of eash 5?aie of the United States, as agj~~u! Ihi~ obliga~ion or a~y ex~ensiu~ or, renev:ai F.ereaL ~
Witness the hand and seal or ea;h p~rrJ. , '
_ . ~ s/ I.awrenGe E. I?a~tetlQr ~SEAL)
, ,
- (SEAI)
~ s Anne~tte t~ostetler _ ~sEAt~
{ d~ • $rate Revenur , (SEAI) -
(SfeT~s-~enceliet~'orrorig~rraf' T.Ct~? _
NQ'N, THEREfORE, the MORTGAGCR for the purpose of secvring payment of sa:d sum ef 3 43,~~D•~p , and the performance ^f the _
- tovenants and agreemeros herein~i!_r exp•rssed, and for diven gwd and vAluab!e ccns~dera!ion~, by these presents, does grant, bargain, sell, remise,
relea~e, convey and conf~rm unto the 1hORTGAGEE, its successo~s tsn~ assigns, all ti,at certa~ ;(ot, piece or parcel of land, situate, (ying, and being in the
County of _ St , Lueie and State oi ~totida, described as fGllonrs: . - ~
The South. 165 fee~ oF th~ S t/2 0~ the t~E 1/~i of the VE 1/~ of the Ma 1/~1
- of-S~ctian 30, Tow;iship 35 South, Range 40 Eastf consistinc7 of ~ 1/2 _ -
- _ acres, more or less, LESS the East 33 feet for rcac~ riqht-of-way, -
- - ~ a.y3~ ~ ~ `~0~3 ~ ooo~~ - -
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• ~ \ ~P~Y ~ - RECEIYED ~--E~s~" ~ - IN PAYMENT OF T}IXES ~
,'~r,Y~jj~~~?~~',: rsZ,~: DUE ON CLASS'C' IKTAfVGIBIE PERSO!tAl PROPERiY '
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v~ ~Q,
~ ~4 j . : ` - '°r' _ QURS11APfT T9 CliAFTER 71•134. _ ACT3 OF 1911. ~
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CiiLM {i1RVVR WUR~~ .7F. ~.V~i~C liQ.~ ~aJ4
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t~gether with all and singuiar :he tenements, hered~taments and appurlances thereunto belonging or in anywise appertaining thereto, and alf rents, iss~ts,
proc2cds and profits accruing and to acc•ue from said premises, all of which are inciuded in the above and ferrgoing destription and habendvm.
_ TO HAVE AND TO HOtD tha al.ove descrihed and _granted prPrr.ises unto the seid MORTGAGEE, its succasors and assigns forever. And the saW • `
their
MORTGkGOR fw fieirs, exetutors, admiriisfrat~rs and assigns, hereby covenants with the saiti MORTGAGEE, .its svcceuors and •siign~, ~
th~ are s ,
that lawfuUy seizeci of the saici"premises in fee simple; ihat ihe :ame are free, clear and discharged rom sll liens and encum- ~
: b~ances in faw or in equity, and that they ~Y~~i a~~ thelr - hein shall warrant and defend the title to the same to the said ~
_ 11nORiGAGEE, its successars and assigns, forever against the lawful dain:s and demandt of al! penons; - ~
~ PROV~DED, ALWAYS tF~at if the MORiGAGOR shap pay vnto the M~RTGAi'iEE the promissory mte hereinbeiore de~c?ibed end shsll fruly, prornptly . ~
and fuity perform, d~scharga, execute, complete, comply with and ab7de by eath and every the stipu!atio~s, agreements, conditions ~rtd tovenants of said ;
From~ssory noie and of this 1Aortgage, ther~ this Mortgage and 'he Estate hereby created shall cerse and be null and void. - _ #
IT IS UNOERSTOOD that the word "Morfgagor".vihether in the singular or plural ar.ywhere in th~s Mortgage, shall be tingvlar if ane only and ay~ '
- shal) be plural jo:~tly and sAverally if more than one, and that the ++crd "their" es.used anrv:here in this Morlgage shelt be taken to mtan "his;' "her~" C~ ~
or "irs;' wherever the centext so im~fies or admi~s. Also, that where,rer there is a+eference en the covenants and agree:nentt herei~ containcd to any of ~
the parties hereto, the same shall be construed to mean as well as the heirs, legal representatives, s~ccessa-s and assigns (either v~lvntary by ad of the
par0ies or invol~Nary .by epera~ion of the law) of the same and that the cavenants here~in cont;ined ~hall bind and the benefits a*~d advantrges invre
to Ihe respective he'us, legal represenlatives,.successois and ags°gns of ihe parties he!eto. -
Aed seid 1~1.ortgagors; for themaelves and tneir heirs, legal representative3, s~ccessws rnd assigns, hereoy jo:nNy and teveraily cover:ant and agree _
- fo and with the said MORTGRGEE, its successors and assigns: _ - ~ . ~
1. To pay all rnd sirvj~lar_ Ihe principal and interest and the vari,ous and s~ndry sums of money payable by virtua of said promitsory~ no9e, and this rF -
mortga~e, each and evary, promplly on the days re~pEitively the same severally become dua ~
_
2. To pay ati e~~ ~ir?gvlar the tazes, ~i~essments, ~evies, liabilities,-otligations and e~combrancea of e+ery natwe and kind now on iaid daxribed !
r_ pregerty, or that_hesea~rc~ may be imposed, suffered, placed, levied, or aiseu~d thercan, m 1ha1 hereafter may be levied or assesscd upon shis Ma-!g- ;
sge, cr the indebredness secured hereby, each and every, when ~ue and payabte, actot~ing to law, before Ihey become delinq~ent, ind befora any 7ntersst -
- altaches or any penaliy is incurred; AtdD INSOfAR AS ANY THEREOF IS Uf RE~ORD THE SAN,E SNAtI BE P~TOMPTLY SA~ISf1ED AND OIKHF.RGED QF 'y
F RECORD Ahtp THF ORlGIRtAI OFFfCIAI DO~UMEI4T iSUCN la5. fOR ~?`STANCE, THf TAX RECEIPT OR THE SATISfACT1ON PA~`4 OFfIC1:~lLY ENDaRSEO
~ OR CERTIFIED) SNALL BE P11ktEU Ih THE HAND~ OF SAID MORTGAGfE YlITHIN TEN DAYS iJ£XT AFiER PAYMENt; er.d in iht ev_nt that any thereof is not ~
paid, sat'sfied and ditcha:ged sa:d 11tORTGAGEE may at any t~me pay the ~arne or any part ihereof witFwvt wairing or aFfectirg any option, lien, equiry pr ~
~ !iqht vnder oc by virtue of this morrgage artd the ful: amount of eacn and every wch payment sha~l be immediately due and payabie a~d shall bear interest
~rom the date thereaf unt7f pa:d a1 rate o( nine per centum per annam and rogether w~th svch interest shall be secured by the I~en oi th:s morgt~9e. s