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~0 ~t Itie sama. fopelhK u~i4~ tl~~ bnar~enfs. hertdllom~nls and up~~u?fr-
nuncea Il~~relo 6elougtnp, and Il~e re~b, ttsusa an~ proj(la t{ie?iw~. unto fh~ mortgaet+. !n ~ee simp~.
~ ~IId ~he ~~9ago. cownana wt~l~ el~e ~o.~A~e. ~hae ~h. nw.~eo9or ta tnd./.a,j6ly .~is~d o/ sotd
land In J~ iimple: that 11~~ mo?t~ugor haa good ?t9ht and lawju! authority to eonwp aatd lan d w a(o~+t-
aolcl; ehat ~hA ~o~e9~w wttl mn~. s~h /urtk.. ~w~n.«.s lo ptr~rct tht ~N simp~ fU~ to aald ~and ta
mo.tga9es as n~oy n~a.ono6[y 6...qut?+d: Ikae th. mo.tgugo. h~nby /u!!y wwranb th• 1t~b eo sald land
and wtll de%nd Ihs samv agntntt tl~~ Inw~ul clatnu o/ all penona u~l~omaotwr and ti~at iaid land ta /nt
and clenr o/ alI encum6r~wiees
~ , .
` ~~s~ that t~ saicl mortgagor s~a~~ pnr unto snid mortgag~e t~e certain promia-
( sory nole ~ereina~le~ suhsfnntin~~y copted or k~enti(iec~. fo-u~if:
$ 16.60~.00 Na. 22000234
. . . ~
. • Fort Pierce, Florida Au9ust 24, , 19~`6
For value recexved, I, M•e or either of us, promise to pay- with-
out defalcation, to the order of CITIZENS FEDERAL SAVINGS AND LOai3
:SSOCIATION OF ST. LUCIE COUNTY, at Fort Pierce, Florida, the sum
o= $ 16,600.00 _ with interest from date at the rate of.
_ 8.75 $ per annum, payable as follows:
2ionthly payments to be calculated -accordinq to a ten (].Oj year •
~-aor~ization schedule, with the first such payment in the amount of
$ 208. 05 being dne on the ~1 oth day of ' ~ October r
19 7, an -a li -e sum on the correspon...~i
q
day of eac mont there-
a f~= until the 1 oth day of " Octob~r - , 19 , at which tine
a final BALLOO~1 PAYMENT shall be due ec-iualling the en~ire unpaid
principal balar_ce of $ ~ plus accrued interest, i.~
zny, unpaid Iate charges an all advancesnents owing under the terms .
o~ tnis--aote or the mortgage of even date herewith which s~cures it.. ~
~ Each installment first shall be applied in payment of the .
~ ~nteres~ and then on the unpaid balance of the principal swa. If
%~eiault is made in the. paynent of any installment wh~n due, and -
such default continues 30 days, then at the option of the holder, •
znd with out any other notice, all the remaininq ~nstallments shall '
Y,e du~ and payable at onc_e. Privilege is given to prepay this note _
in r?;nole or in part at any ti~e ~~ithout penalty. Neitheac fore- ~
Ae~~ar_ce, nor acceptance by the holder thereof ~ after any dcfault -
~n~ any p3y.^.ents .hereon, shall be deemed extensior_. A late paymeat "
cr?rge of $ 10.40 , shall b:: added to each instal2ment renzin-
~ ng unpaid l~ days a ter its due ~ate, ~ and a like s~-a shall be
ac:c:ed to each such installment re:~aining unpaid 15 days after each
su~ceedir_g payraent date. - - . . , -
Each~naker, surety and endorser h~reof, jointly~and severallyf :
~ waivzs de.3and, preseatment protest and notice o~ protest for r_or.- . ~
~ ~^~~er_t, and further agrees to any e~:tension of time of payment,.
~ e~ ~~i~r before or after maturity, without notice to any of us; and ~
~ ~o ~zy all costs of collection, includinq a reasonable attorney's
-~.ee in the event of any default here~:nd~r, and hereby severally
~~ps all benefit of hon~stead and exe~~2~ion und~r. the constittt~o:i ~
~r_s iaws of e~ch State oi the ~United States, as against -this ~obliga- -
t~ on or any .extension . or renewal. hereof . ~ .
jti~ness the hand -and seal of each par . i~ - -
b00K ~5~ FA6E ~6~J ?E ~ - .i . ~ (Sy~I.)
~'"J F. Krah~Ser - -
. ~ ~ ~Sx'..~L)
- Dianne E. Krahnert ~ . '