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THIS INDENTURE, Made tl~rc 26th day ot Julv IlD• 19?6., betwstn
Lloyd Tavlor and Clotilde R. Taylor. his wite
of St LuC ~e Co~nty Ftw~da, hereinafter designared as the "MORiGAGOR;' ~nd fIRST FEOERAI SAVIkGS AND IOAN f
ASSOCIATION OF FORT PIERCE, • torporation wganiscd and existing unde• the l+ws of the U~ited Sutes of M+eric~ ~nd havinp iri PrMt'P~ P~~ ~ (
~usirKU in the City of Fort Pierce, St. lucie County, Flo~ids, hereinafter detignated as the "NWRTGAGEE:' i
`lYHEREAS the MORiGAGOR is justty indebted to the MORTGAGEE in the sum af S 2Os ~0• ~ good a~+d lawful money of the United E
5!ates advanced by the fAORiGAGEE vnro the MORTGAGOR, as evidented by a certa+n promissory nate of even date herewith, of wh~d+ the fol~owing in i
NOfdS and figures is a true copy, to-wit: -
y 20s 400 .00 tdo. 10022060 -
, Fo:-t Pierce, Florida, J~v 26 , 19 76
For valua received, I, a-e, or either of us, promise to pay, ~~rithout de£alcation, `
to the order of 1~'IRST FEB~RAL SAVIItCS At~1D LOAN ASSOCIATICh1T OF FORT PIERCE at Fort
Fierce, Florida, tha sum o£ $ 20,400.00 xith interest from dats at the rate ot
~ 8.75 ~ per anni.;r.~, in nonthly installr~ents as follo,rs: $ 168.00 on ths
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~ lOth day of _ Novesober , 19 76 and a like sum on the corresponding day of ;
j each nonth thereafter until the ~hole be fvlly paid. 1
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e Each installment first shall bs applied in payiwnt of the interest and then on ~
r tye unpaid balance of the prir.cipal sum. If default is nade in the pay-ment of any
~ installr.ient Khen due, and such dsfault continues 30 day-s, then at the option of the
~ holder, anii Without any other notice, all the remaining installments shall be due and ;
payable at once. Privile~e is given to prepa,v this nots•in whole or in part at any
tiur.e ~,rithont psnalty. r:either forbearance, nor acceptance by the holder thereof
~ after an,y de~'ault in any payr.:er.t hereon, shaZl be deer€~d extension. A lats gayr~ent
~ charge of ~ A.dn shall be assessed the ~6th da,y of the month, if a regular
; business day, or, if not a regular business day, t~en th~ nex.t business day, on each '
~ r.:~nthZy installn~nt not, then :eceived.
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~ Each r::~cer, surety and endorser hereaf, jointly and sevei•all~, Wai~es Cemand, ~
prc;sentmm~nt protest and notice of protest for nonpayment, and furthFr agrees to any
; eft~~?.sion of tir.,e of payr~nt, either before or after maturity, without notice to arty
~ of us; and to pay all costs of ccllection, in^lud~ng a reasor.able attorneq's fee in
~ the event of any c~fa~llt h~reunder, a~d hereb, s~verally ~aives 311 ~:r.efit a~ hc.,~- '
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s s~ead anJ exerptian under t ccnstitution and laws o£ each State of the United
~ Stat,PS, as against this ob~~on or any extensim or rensHal hereof.
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~ ~ c~'~, ~l'~ s/ Llo~d TaYlor (SEAL}
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~ Sta}e docun~ntar-,~ stamps in thJ ~l"~! A~H~~? ~ (SEAL) `
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~ : ::ount of $ 30.60 are s~~,o ~ ~
~ f'~~IL_ Clotild F 2a ler (SEAL) ~
affixed to the :aort a~~ seaured yi~'~~
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~ hereby. F`'-r PACE ~ ~k 7' • f J (SE~)
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