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3~C~2'79
THIS INDENTURf, Made the 2~th day of JU19 , A.O. 19 between
ELgene C. Sutton and Joan L. Sutton, his wife
of ?S~ • LLlC ~ 9 County Flwida, hereinafter desgnated as the "MORTGAGOR;' and fIRST FEDERAI SAVINGS AND LOAN
ASSOCIAT!ON OF FORi PIERCE, a corporat;un organized and existing under tF.e laws of the Un~ted Statos of Amerita and Mving iri principa{ placa of
businsss in ~he Ciry of Fort Pierce, St. l~cie County, florida, F.ere~naiter designated as the "MORTGAGEE_"
WHEREAS the MORTGAGOR is juatly indebted to the MORTGAGEE in the sum of =~8 , good and lawful money of the United ,
State: adva~ced by the MORTGAGfE unto the MORTGAGOR, as evidenc:d by a certain promissory note of even date herewith, of wh:ch the following in
words and figures is a true copy, to-wit:
; 78, 200. oo :r~. ~0022055
k'or± °i~rce, Florid.~, _ July 2C~ ~ 1~ ~ 76 '
For value receivsd, I, ~,r~, or eiLtier of us, promise to pay, without defalcation,
to ~he ord2r of ~'IRST F'r.B
:RAL SAVIhGS AP1J LO.~!?+1 ASSQCIATlG~I 0:' r OF?T PIE~Cr, at Fort
f'ie rc- ,~'Iorida, ths su~ of $ 7~, 2Q0. 00 with interc~st fr~m dats at t1:Q rate of
i 5 ~ p~ r annt:~-n, in r;onthlv installments a., fol~ov,.~ :
~ $ ~i7.OC on th~
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1C;.~ day o_° Se: te:^.ber 19 76 anc3 a like sU.-~ ~n th~ cortr.spo:.dino day of
~
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e~cl^ mont~ thareafter t:nt1 thz ~=nole b~ fu1.1;~ paid.
~ ~ Fx~ch ir.:~ta~lr.~n~ fir~t sh-~11 b-~ anplied in p~>y-r.~nt o£ th~ interF:st and tt~~:~ cn
~ ThN u,.;~;~id b~lan~a of th:~ prir.cin~1 sur.i. If dnfailt is nad~ in tha pay~nt of any
~ ir:~:~3~_7.r.~~nt. w:~~n dus, and suc:h c'efa~:lt continues 30 days, th~n at the option o~' thp
~ t.clder, ana withoat a*,y o~h°r notica, aII th~ remaininn inst~Il~:Fnts sha11 be due and
~ pav~~1_e at once. Privil.e~e is giv~n to prepa,y this no~~ in ~rhole or in part at any
~ tiTM~ ~rit?~au~ Fenalty. t:either fcrbearance, nor acceptance by th~ holcipr th~reof f
~ a~er ar,y d~f~ult in any payl;•~nt h~reor., shall L•e deer.:Ad extensio:~. A late payraent ~
~ ch~rge o`' $ 4Q, 3~, sha11 be assessec3 the ?bth da,y o!' th? month, if a regttlar
~ - oa~iness day, or, if not a re~~ilar business d?,y, then tne next b~ss iness d3y, on each
~ r;?nthl;~ installr.Fnt r.~t then rec~iv~d.
;
~ Eaeh m~_'~c:~r, surety and en~?or:~er har~of, jointly and SE:cgl•ai.ly, w.3~ve~ c?er,*:and,
f
_ pi~ssntrr:~r.~ pro+,.~st and notice of protast fo: nonpayt~er.t, and furthei• a~ipes to any ~
` ex_~~:~sion o° tirr. o~ pay-:~nt, eith~~r ~~efore or a£ter maturity, without notice to any ;
~ ~~.,-'~oP us; and to pay aIl costs of collection, incltiding a reasor~ble attorr.ey's fee in
~ the ozznt on ar.y drfault h~rei~n:iar, and hereb3? sPverally uaives all bsn°fit af hc~r,e-
~ steact and ex~:,
ptior. u:?d~r the cor.stitut~o:~ an~ 13:,•s of each SEate o° the L`nited
~ r
~ Stat~~ , a,~ aE;ainst this o~li~atia:~ or an,y exter.sio:t or rena;;al hereof.
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~ L:_ '~~~o~s~:~~,~~ Sl Eu~er.e Sutto:: (~E?I.) :
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~ :~:~;c: d~cS~=:.~ntary sta:zFs irf ° '~~Bf ~ A SF?~L)
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~ ar2;~tl~ev Or ~-~7• ai'e at~,r'~il ~#L'~~~ l l
s~'~!r Sqr ~tr,~oan L. Sutton (S~AL)
~ af t'i:c.~d to ths T:r3L't€,T1o~ securad -~ry~ ~y
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h" f~s~~ E".L, _ l PAf;c ($EAL) I
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