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THIS INDENTURE, M.d. 3Oth a~y of September ` ,~,p, ~9?b , b.,,w..,,
Raymond M. Lowe and Norma G. L.owe, his wife,
of St . 1.i1C1@ ~W~~y F~a;~, ~einafta designated as tM '~MORTGAGOR;' and fiRST FEDERAI~ 3AVINW Ah~ LOAN
ASSOCIATION OF fORT PIERtE, a corporation apanind and existinp unda tM isws of tht Unitad Stata of /bmrica +nd hwinp its printipa) plau o4
businc~s i~ ~M City of Fort Pisrce, St. l~cis County, F{orida, her~inafte~ desiynated ~s tM `MORTGAGEE."
WHEREAS the MORTGAGOR is jvstly indrbted to tF~e MORTGAGEE in the sum of i 2 5~~~' ~ 9ood +nd ~+wfui ma+~y of the United
S~ates advanced by the MORTGAGEE unto the MORTGAGOR, ~s evidenced by a cNtain promiuory note of ewn d~te herewith, of wtuch tM followinp M
words and figures is a true copy, to-wir: ~
~ 25,040.00 , No. 01-23001819
Fort Pferce, Florida, September 30 , 19 76 "
For value received, I, we,or either of us, promise to pay, wtthout defalcation,
to the order of FIRST FEDERAL SAVINGS AND IAAN ASSOCIATIO:Y OF FORT PIERCE at Fort
Pierce, Florida, the sum of $ 25L0oo.o0 ~rith interest from date at the rate of
; 9. 0~ per annum, in monthly installments as follo~rs 210. 00 an the
f
~ lOth day o£ ~ove~ber , 19 ~6 and a like sura on the corr~sponding day of
i
f
eac~ month thereafter until ths ~rhole be fully paid.
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~ Each installment first shall be applied in payment of the interest and then on '
~ the ur.paid balance o£ the principal sum. If default is made in the paynent of atry ~
instalLnent When due, and such default continues 30 days, then at the option of_the
~ ho2de r, and Withaut any~ other notice, alI the remaining installments shall be due and
' payable at once. Privilege is given to prepaF this note in whole or in part at anp
~ tirxs k-ithout penalty. Neither forbearance, nor acceptance by the holder thereof
~ after any default in any payment hereon, shall be deemed extension. A late paymen~C
~ charge of $ 10.5o shall be assessed the 26th day of the tuonth, if a regular
~ business day, or, if not a regular business day, then the next business daq, on each ;
~ monthly instalLrent not then received. ;
~ Each maker, surety and endorser hereof, ~ointly and several],y, waives demand,
~ presentment protest and notice of protest for nonpayment, and further agrees to any
~ extension of time of payment, either before or after maturity, without notice to at~r
: of us; and to pay all costs of colleetion, iacluding a reasonable attorney's fee in
the event of any default hsreunder, and hereby several~jr xaives all benefit of home-
o stead and exenption under the constitution and laws of each State of the IInited
; States, as against this obligation or anq extensian or reneWal hereof.
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~ S/Raymond M. Lowe (SEAL)
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~ Statg documenta stam in the ~5~~)
~ r9 Ps
~ ar.ourlt of $ 37. SO are S/Norma G. Lowe (SEAL)
~ affixed to the ~ortgage secured ~
k
hereby. (SEAL)
~ R ~~~;h ~ ~~n .