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THIS INOENTURE, Made the 2~n~j day of June AD. 1972 between
R. Sherrod and Claudia Sherrod, his wife ~
of $t . Lucie Camty Florida, hereinifta desg~ated as tM `MORTGAGOR;' snd fiRST fEDERAI S/IVtNGS AMD LOAM
ASSOCIATION Of fORi PtERCE, a earporatan organized and existing under lhe laws of fhe United Stat~s of America and Mvirg in principal place of
busi~eu in ths City of fort Pierce, St. l~cie Cou~ty, Florida, herein~fta desiynated as the "MQRTGAGEE."
WHEREAS tM MORTGAGOR a justly inckbted to the MORTGAGEE in the sum of = ~'9 ~ , good and Iswful money of the t/n~ted
Srates advanced by the MORTGAGEE unto the MORTGAGpR, as evidenced by a cenain promiuory note of even date herewilFr, of whith the followinp in
worda and figures it a trw copy, to-wit:
; 19,000.00 ~ 3-1g,49~1
. ~ Pk.~. F~o.~d,. June 2?, ~ i9 72
For value received, 1, we or either of us, p~omise to pay, witho~t defalca~~on, to the order of FIRST FEDERAt SAVINGS AND IOAN ASSOCIATION OF
fORT PIERCE at Fwt Pierce, Florids, the sum of S 19 ,~0. ~ w;th inrerest from date at the rate of 7• 5 96 per snnum, in monthly install• t
~,ents as follows: 1•~ on the 1 St ~y of Oe tobe r ~~9 72 and a like sum on the carespw+diny day of each month the~e-
after until the whok be fulty paid_
Each i~stallment first shall be applied i~ payment of the interest and then on the unpaid balance of the principal sum. If d ault is made in the i
Fa~ment of any installment when due, and such defautt continues 30 days, then at the opti~n of the holde~, and without any other notice, all the remain;ng
~~tstallments shall be due and payabk at ooce_ Privilege is given to prepay this rate in whole or in part at sny time withovt penalty. Neither forebeara~+ce,
nor acceptance by the holder thereof after any default en any payments hereon, shall be deemed extension. A late psyment charge of =
7•~$ shall be
a~ded to each installment remaining ~npaid 7 days after iri due date, snd a like sum shall be added to each such installment ~emaining u~paid 7 days after
each succeeding paymenf dafe.
Each maker, surety and erxlorser hereof, jointly and severally, waives demand, presentment protest and notice of protest for nonpayment, and further ~
agrees to any extension oF time of payment, either before or after maturity, without not~ce to any of us; and to pay all costs of collection, includ,'ng a
re~sonabte attorneyb fee in the event of any default hereunde~, and hereby severally waives all benefit of homestead and exemptio~ under the constitutan
a:~d laws of each State of the United States, as agsinst this obligation or any e:tensio~ or renewal hereof_ ~
Witness the hand and ual of each party.
~ (SEAL) ~
RE~;t~~ s• a' ° S R. lti'. Sherrod ~t)
Oi~ ON C(p;s ~C JlyiAfYGlBIE PERSp~ ~ I~FS l
csF.?u
~1lRSUIWi TO CHApTER 71.~3,~. ~~+r. S Claudia Sherrod ~U
( 28. S~ i State Revenue NOGER p0t~~~ i
cs+arnp. ea~eeNea-a+-o.+gin.F-nwe) ~ CtQCUR 00(~RT (y~ ~T~
NOW, THEREFORE, the N10RTGAGOR for the pu~pose of securi~ ~nf ~ ss~+d sum of s ~9 aod the performsnce of tM
covenants and agreerrKnn hereinafter expreued, and fo? divers good snd vsluable considerations, by these presents, does grant, baryain, sell, remise, ~
retease, ca?vey and co~firm unto the MORTGAGEE, its wtcessors and ~ssigns, all thst cert~i~ ioL piete or parcel of land, situate, lying, and being in the
County of St . LUC 1E~ and Srefe of Fbrida, desuibed as fo!lows: ~
~:lF?CEL ~ ~
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The North 28 feet of the following described property: ;
,
F'rom the Southeast corner of Tract C-1 of TAYLOR~S Subdivision, as per plat there-
of recorded in Plat i3ook 9, page 12, St. Lucie County, Florida, Public Recards,run
thence i~torth 13 deg. 16 min. West, along the west line of Old Dixie Highway, 381.5
feet b the Point of Qeginning of the parcel herein described:
~rom sai~? Point of Beginning run thence South 80 deg. 06 min. blest, 150 feet; thence
':orih 13 deg. 16 min. ~ti'est, 65 feet; thence North 80 deg. 06 min. East, 150 feet to
the west line of aforesaid Olc~ Dixie Highway; thence South 13 deg. 16 min. East along
the west line ot said Old Dix~e Fiighway, 65 feet to the Point of Beginning, said
~~rcel being a part of_ aforesaid Tract C-1 of TAYLOP'S Subdi~~ision.
:~:~r,CFL 2.•
''rom the Southeast corner of Tract C-1 of TAYLOR'S Subc3ivision, as per ~lat there-
o` recorc'ed in Plat Book 9, page 12, St. Lucie County, Florida, Public Records,
run thence `Jorth 13 deg. 16 min. l~Iest, along the west line of Olci Dixie ![ic~h~vay,
} 16.-i feet to the ?aint of Beginning of the p%~rcel herein described: ?
;
i
~rom said Point of Bec~inning run thence South $7 deg. 05 riin. t~lest, ISO feet; thence ~
':orth 13 deg. ~6 min. ~~1est, 82.6 feet to the South Iine of Taylor Drive; thence
':~'+5ter~v. alonct_ the so•ath.Iipe of T,ay2o~ D~ive, ,1~0,2 feet to th~_we,~t_,lir3e,~of 1~' ;
Q_~.--
~~xi~ i'i~h~vay; t}~enct 4outh 13 c:.•r~, lh r:in. East, alor.g ti~e west linc~ o.` :,`1~_i i:ixie x
i~Jh:~~~y, 1~?~ fe~t tn :h~ Point ot i,ec~ir~nir,3, saiG ~arcel bei~g ~ part o.` : f~~-c~~~:i~' ~
4_~ T:1Y:.^." ' . :,~~b~'.ivision. ~
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