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THIS INDENTURE. M.de rn~ 24 t h ~y of Se pt embe r ~p. ~y 76
Thomas ~J. Schrandt and Gai~ F. 5ct~randt, his wife
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of St . 1.uC1E , Covnty Fiwida, hereinafte~ desgnated as the "MORTGAGOR;' sr+d FIRST FEDERAL SAYJNGS ANO IOAN
ASSOCIATION Of FORi PIERCE, a cwporation org~nizcd and eai~tin9 under the laws of th~ United Sut~s of Amerk~ ~nd havinp its principal plsc~ of
busi~ess in tM City of fon Pitrce, St. lucie County, Flwida, hereinaher desiynated as th~ " Ri E."
WHEREAS tha MORTGAGOR is jvstly indebted ro the MORTGAGEE in the sum of ;~J , good and lawful money of the United
$ieies euvee~ru 'uy If~r fi~vRiG:.v~E u~~W iiw loS~w?vRC'i:iR. as nviu~iKe~i byi a cersa~n ~.r~.+~ciziu-j t~ute :.f e'.i:t ~3.~ Ft:e:•:i2h, o~ vh:th T~ 40!!'~`.~e^~
words and figures is a true copy, towit:
;36,100.00 ~ No. 02 23001371
Fort Pierce, Florida, September 24 ,~9~ 76 ~
For val.ue received, I, Fre, nr either of iis, promise to pay, without ;'_~fA] cati~n,
~ to ~h~: ord?r of FIRST FE~..T~1L SAVT~'iGS A~1D LOAPI ASSOCIATI~i OF FORT PIERCE at Fort
~ Pic~rc::, Florida, tre sum of $ 36 ,100.00 •~ith interest fron date at the rate of
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~ 30 3 . 00
i 9 ~ per annum, in monthl,y installr..ents as follons: ~ on the
10~.h ~'~y of ~ovember , 19 76 anc~ a like sun on thp corresponding day of
~ eac~ r::~nth thereaft~~r until tr? ~,r~iole bf: full<< paid,
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r:sch installr..~r.~ fir~t shall be ap;,lied in pay-r:Pnt of tr8 interest and then on
~ thc ur.paid balanc~ o:' ths principal sum. If defatilt is mad~ in the payment of any
ir.°.tallr.~nt wher. due, and such dafault cor_tinues 30 days, then at the option o£ the
holcle r, an~ withaut any o~her notice, all the rer~ainin~; installrnents shall be due and
payab?.a at once . Priv ilege i:, given to prepa,v this note in whole or in part at ariy
~ tir:: :rithout p?nalty. T~either forbparanc~, nor acceptance b,y the holder thereof
~ after any de£ault in any pa~~rs~nt h~rc3on, shall be ~ePned entension. A late payment
c2iar~e of ~ 15.15 shall be assessed the ~6th d~,y of' the month, if a regular
~ b~:in~ss day, or, if not a regular bssiness day, then the next business day, on each
,3 M~:.thly installr~r.t not then received.
~ Each na~c~r, surety and andorssr hsreof, join~ly and severally, Waives demand,
~ presAntr=-nt protest an3 notice of protest for nonpayment, and further agr~es to a~y
°c Qr.t~r.sion of tir~ ot payrr~r,t, either bsfore or after maturity, without notfce to any
w o~ us; and to pay all costs of collection, including a reasonable attornep's fee in
s ti:e event of any ~:ault h~reundsr, ar.d h~reb3• saverally Waives all bansfit of homs-
~ stead ar.d exer:p~ian und~rr the cor.stitiitio7 ar.d laws of each State of the United
~ St3te:,, as 2~a111~t this obligatian or an,y extension or reneWal hereof.
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~ S/ Thomas W. Schrandt (SEAL)
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~ State documentary stamp~ in the = (SEAL)
~ anount of $54. 1 S are 5/ Gai 1 F. Schrandt (SEAL)
~ af:'ix~d to th~ r..ortga~;e secured
hergby. (SEAL) ~
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