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3~0722 .
1--• J111~I'ati A.D. 19
76 betw~en
THIS IN~ENTURE, Mede-the 22nd day of r+. ' -
Carl J Reddish and Jean G. Reddiah. his wi-fe
of St. Lucie ~p~~~y Florida, FN~s~~+fter desiyn+ted as tF+e "MORTGAGOR;' snd FIRST FEDERAI SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, a corpwation orga~ized and existi~g unde~ 1he lews of the United S~~tos of Arneric~ ~nd havinp it~ princip+~ Pl~t~ of
bwinsas in ths City of Fort Pierce, St. lucie County, fiorida, hereinaiter design+ted sa the "MORTGAGEE."
WHEREAS tF~t MORTGAGOR is jvstly indebted to the MORTGAGEE in the sum of 5-~12~ gocd eRd lawful mor~ey of the United
States advanced by the MORiGAGEE unto the MORTGAGOR, as e~idenced by a certain Fuomissory note of even date herewith, of which the idlowir~ in
words and figures is a true copy, towit:
t
~ 31,200.00 Mo. 1300035~
Fort Pie rce, Florida, July 22 ~ 1976
For valu~~ received, I, w~, or either of us, pronise to pa,y, ~~ritho~it da fa2catien,
tc ~t:~: ord~r o;' FIRST rE^~?.1•.L SAVL~I!3S A`1D LOAN ASS~'CIATIC~:I ON FOR`I' PZER~E at ~o:t
Piercn, ~lorida, the sum of $ 31,200.00 ~rith interast fram dats at the rate of
Ii 8.75 ~ per a:~m:m, in m.~nthly installme~t,s as follo-~rs: ~ 257•~ on the
~
1Cth cla3~ of Nove~nber , 19 76 and a like su~-n on the correspor.di.ng day of
j eac~: rr.cnth th?r~aft~r ur,til the ~hole ba fully paid.
' r.ach in~tallr.~n~ first shall be applied in pas,~pnt of ths interest and then on
the u.~^paid balanc~s of the principal sum. If default is made in the pay-~nt of any
insta??r.~nt when due, and such default contirn~es 30 days, then at the option o~' the
holde r, and F~ithrnzt an,y other notice, alI the remaininP install~ents shall be du~ and
paya`~?e at once. Privilege is given to prepay this not~ in whole or in part at anX
tzTMe w-ithout p~nalty. Neither for2~arar.ce, nor acceptancP b.y the holder thereo~' -
after any default in any payr•:ent hereon, shall ba dee~ned extensien. A late pa,ynent
chaz•~e of ~ 12.85 shall be assessed tha 26th d~,y o!' the ~ronth, if a regular
b•~air_eJJ day, or, if ndt a regular business day, then the next business day, on each
r~~zthl~ installr.:~nt not th~n received.
E~r.h r~a;cPr, s~.~f•aty ar.d en~nrser hereof, jointly and sevei•ally, zaaives c?er?nc'.,
_ pr~~.;c:r:t:~r~r~~ prates~ an3 notice of protest for nonpay:nent, and further agzees to any
exte:.sio~ of tir.n of payrr~er~t, either before or after r~~aturity, irithout notice to any
e~ ii:,; ~~nc3 to pay all costs of cel'Lection, including a rea.~or_able attornsy's fee in
tyF: e~-ent of any c~-~fa~zlt h~reu~±~I~r, and hereb3• s~~:arally Haives all b~n°fit of ho::~-
ste~c; an~ exe:r:gtio- undr.r th~ ccr.stituLio:~ ar.~ laws of each S'catz of the Uni:ted
S~al~~;;, as a~ains~ th~:~ obligation or any extension or renawal hereo~.
s/Carl J. Reddish (S~AL) .
StatP docur9antaty stamps in t~~ ,y (SEAL)
az:oan; of $ 46.80 are S/Jean G. Reddish (gg~,)
affixed to the r.:~*t~ z;° securad ~
h~~rav;~. (SEAL)
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