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iHlS INDENTURE, IYlads the day of NOVBAIb@r p.D. 19?6., batwee~ '
. 8 ~ . e
of `St. ~1Cie Countr Florida, he~einafte~ designsted as the "MORTGAGOR," and FIRST FEDERAL SAVINGS AND IOAN ~
ASSOCIATION OF fOR? PIERCE, a cwporation «ganized and exitting under the laws of the United Stat~s of America u+d having in principa) place of
bu~inesi tM Ciry of Fort Piares, St. lucie Counry, Fbrida, hersiaafter .desiynated as ths "MORTGAGEE."
WHEREAS the MORTGAGOR is justly indebtcd to the MORTGAGEE in the sum of : 16~~~.~ „ g~ and lawful money of the United
States advanced by the MORTGAGEE ~nto the MORTGAGOR, as evidenced by a certain promissory oote of even date hcrewith, of which thc following in
wwds and figures +s s true copy, fo-wit:
w 16i~.00 No. O1-?3003542
Fort Pierce, Florida, November_~ , 19 76 "
F~r va?u? rncei:-~~?, I, :,r~e, o: ?~ithsr o£ us, promisP to pzy, :~rzthout aefalc3tion,
to the order of FIRST FEL~RAL SAVIl~iGS A.'!JD IAA.N ASSOCIATION Or FORT PIERCE at Fart ~
Pierce, Floriaa, the swre of $ 16~000.~0 ~rith interest fron date at the rate of
9.0 ~ per annum, in rronthly installments as follows: ~ 1lt1t.Q0 on the
1Qth day of Janu ary , 19 7? and a like sum on ~ the corresponding day of
each n~nth thareafter until th? uhole be fully paid.
~1ch install~nt first shall i~e applied in payir,~nt of the interest and then on
the u.~paid balan~e of ths princigal sur.~. If default is made in the payrr.ent of ar~r
installment When dus, and such default continues 30 days, then at th~ option of ths
holder, and without any other notice, all the remaining installrr,ents shall be due and
pasab?e at once. Privilege is given to prepa,y this note in whole or in part at any
ti~ ~,ri.thout penalty. Neither forbearanca, nor acceptance b~r the holder thereof
after any default in any pa;~:nent hereon~ shall be deened extsnsion. A late paqment
charge of $ 7.2~ shall be assessed the 26th day of the month, i£ a regt;lar
business day, or, if not a re~lar business day, then the r.ex.t business d~y, on each
m~nthly installrxnt not then received.
Ea~h maker, snrety and endorser hereof, 3ointly and several]y, waives ~mand,
pressntrrent protest and notice of protest for nongayment, and £urther agrees to ar~p
extpnsion of tine of payraent, either before or a£ter maturity, Without ~natice to anp
of us; and to pay a21 cosLs of col2ection, including a reasonable attorney's fee in
tr.e evant of anp dsfault hereunder, and hereby several~y Waives all benefit of ho~r~-
st~ad and exemption under tha constitution and la~~•s of each State of the United
Stat,es, as against this obligatio:~ or any extension or renet~al hereof.
S~ Larrs? Hilliarc3 (SEAL)
Stats docur.iantary stamps in the (SEAL)
ar~~ant of $ 24•~ are S/ Cora J. Hilliard (SEAL)
aP?`i~rPA tn thR r..orta~vg secured