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THIS INDENTURE. 1Nad~ tAe 7th day of ~pt~bei ••S _ A.D. 19 76 betwsa+
~ Melvin E. Loveridne and Marv B. Loveridae,•his wife
of St . I.ucie , County Florids, he~einafter designated as the "MORTGAGOR;' ~nd FIRST FEOERAI SAVINGS AND IOAN
ASSpCIAT10N Of FORT PIERCE, s torporation ory~ni:ed and ex~stinp unde~ the l+ws of the Unitcd Stat~s of Arn~ric~ ~nd twvlny ib ptincipsl pl~or of
busi+?sss in the City of fort Pieru, St. lucie Counry, Florida, he~einafter desiynated as the "MORTGAGEE."
WHEREAS the MORTGAGOR is justty irxlebted to the MORTGAGEE in the sum of S 25~-.~O.QQ gocd and lawful money of the United
States advanced by the M.ORTGAGEE unto the MORTGAGOR, as evidenced by a certain promissory note of even date hcrewith, of which the foitowirg ln
words and figures is a trw copy, to-wir:
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~ 2SjOQO.Q4 No. 23000987
Fort PiPrce, Florida, Sentember 7 , 19 76
For value received, I, we,or either of us, promise to pay, Without defalcation,
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' tc the ord~r of FIRST FEL~RAL SAVIN
~S AND LOAN ASSOCIATI~Y Or FORT PSERCE at Fort
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` ~'ierce, Florida, the sum of $2~,00~.00 with interest frcn date at the rats.: of 4
! 8,75 ~ per annum, in rr.onthly installments as follows: 5 206.00 on the
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° lOth day of December , 19~ and a like sum on the corresponding dap of
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each month thereafter until the Wt?ole be fu12y paid.
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~ Each install~nt first shall b~ appliec~ in payir:~nt of the interest an@ then on ~
~ thc~ ur:paid balance of the principal sum. If default is made in the payment of any
§ in~:tallment uhen due, and such default continues 30 dayrs, then at the option o£ the
= holde r, and without any other notfce, all thp remaining installments shall be due and
~ p~s•able at once. Privilege is given to prepa~r this note in Whole or in part at any
~ tir~ Frithout penalty. heither forbearance, nor acceptance by the holder thereof
- after any default in any payn:ent hereon, shall be deemed e~ctension. A late payn~ent
s charge of $ 10.3o shall be assessed the ?6th dsy ot' the month, if a r~gular
~ business day, or, if not a regular business day, then the next business day, on each ~
m~nthly install.m~nt net then received.
; Each maker, surety and endorser hereof, 3ointly and several~y, waives deman~, ~
- pres~ntr?~nt protest and notice of protest for nonpayment, and further agrees to any
~ er_tension of tir:~e of payment, either before or after maturity, irithout notice to ar~y ~
of us; an~ to pay all costs of callection, including a reasonable attorney's fee in
the event of any dsfault h~reunder, and hereby several~y Waives all benefit of ho~r~e-
t stead and exemption under the constitutian and laws of each State of the United
3 States, as against this obligation cr any extensian or renewal hereof.
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~ s/ Melvin E. Loveridge (SEAL)
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~ f , . • ~ , ~ ~ ~ `j i (SSAI,)
~ Stat,e docwr~nt.ary stamps in tt?~
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* amount of $ 37.50 are s/ Mary E. Loveridpp (SEAL)
~ affixed to the t:ortgage se ure
~ csEU)
~ QoK~58 ~E 267