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THIS INDENTURE, Msde the23rd day of Julv , A.D. 19_~. beMreen ~
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Cecil W. Starnes and Jacc~aeline Blaine Starn~s. his wile s/k/s ~
Jacqueline B. Starnes ~
of _ $t. L.UC~@ Couny Florida, Ixreir.after designated a~ fhe "MORTGAfiOR;' and FIRST FEDERAL SAVINGS AND IOAN ~
ASSOCIATION OF fORT PIERCE, a corporat~an organized and ex~st~ng undrr the laws of the United Statfs of Americ~ snd Mving itt prirKipal plsce of !
business in the Ciry of fo?t Pierce, St. lucie County, Ftwida, hereinafter des~ynated aa the °MORTGAGEE." ;
WHEREAS the MORTGAGOR is justly indebted to the MORTGAGEE in tfie sum of S 14+~~•~ good and lawful money of the Un~ted i
States advanced by tF~e MORTGAGEE unro the MORiGAGOR, as evioenced by e tertain promisso~y note of eve~ date herewifh,., of which the foilowinp in
wwds and figures is a true copy, to-wit:
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a 14,000.00 No. 10022059
Fort Pierce, Florida, _ July 23 , 19 76 ~
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For value receive~, I, we, or either of us, promise to pay, without defalcation,
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to the ordsr of FIRST FEILRAL SAVIt~'GS A'tD L0.'!N ASSOCIATIG~I OF FORT PIERCE at Fort ~
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' Pierce, Florida, the sum of $ 14,000.00 with interest from date at the rate of ~
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~ 9.0 ~ p°r annu:-n, in r.t~nthl,y installmsr.ts as follows: $ 126.00 on ths
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1Qth day of _ September ,~_9 76 ar~d a like sun on the correspo:tding day o£
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m each r.:onth trereaft~r until th? ~.-i~ole be fully pazd.
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~ Each installr.~ent first shall be applied in payn:~nt of ths interest and then on _
the u::paid balance of th~ principal sum. If default is made in the pay-rent of an,y -
ir._:tallr.ient when dua, and such dafault continues 30 days, then at the option o£ the • ~
holde r, an3 ~~ithout any other notice, alI th~ remaining installMPnts shall be due and ;
pasable at oncP. Privilege is given to prepaX this nots in ~,*hole or itt part at any =
~ tir.:e k-ithout pzn~lty. Neithsr. forbsarance, nor acceptance b,y the holder thereo: . ;
~ afier any ~e~'ault in any pa~~:ent hereon, shall be deetaed extensien. A late payr±ent
~ charge of ~ 6.30 shall be assessed the ~6th da,y of the month, if a regular ~
~ ba~iness d3y, or, if not a rep,ular businsss day, th~n the r.ext business day, on each ~
~ r:~~r.thly installr.~r.t not then receivsd. ~
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~ Each m~.iker, surety and en~orser hereof, jointly and sevei•ally, waives d~rrtand, ~
pre~~ntr.Pnt prot~st and notice of protest for nonpayr~nt, and further agrees to any
~ er~er.sion a`' tir~ of paf,;~rt, either before or after Maturity, without notice to any ~
~ of us; a*td to pay aIZ costs of c~ll?etion, includ~n~ a reasonable attornep's fee in
~ the event of any ~fa~,tlt hpreundar, and hereb3• severaily Kaives a7.1 b~nefit of h~me-
steac3 and efer~~tion under the constitutic,n 3T2G1 13t+S of each State ~o£ the Lnited
~ Stat~s, as again~t this obligation or any ext~nsio:~ or renewal her~of.
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~y
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~ s/ Cecil W, Starnes {SEAL)
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Statp doc~.zn~n ~a ry s tanps in th~ ( SLAL
d;~rnant of ~ 21.00 are
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JacauQlin~ R~~;~e Starn_Q (SFAL)
affixf,d to th~ ::ort~a~e seciire~
a/k/a Jacqueline B. Starnes ;
~r hereby. _ (SF.AL) ~
F:`~ ~55 ~ ~3
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