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15L c.~~ Dec~be~ AD. 19 76-- befw.ee
THIS IN~ENTURE, Mad~ tF+e d+Y °f .
Ja~es L. Kni9h~, a sin4l~.adplt ;
of St .~.i1C~@ Cou~ty F{orid~, herein~fter dttig~uted th~ "MORTGAGOR:' and FIRST fEDERAI SAVINGS ANO IOAN "
ASSOCIATION OF fORT PIERCE, a cupo.~t~on w9anized and e~c~srin9 under t laws of tM United St~f~s of Ameriu ~nd M`n^0 m P~~'P~~ P~ ~
busin~~s in tiw City of fwt Pieres, St. luc~ County, flaida, hereinaher desiy~~d ai ~Fw "MORTGAGEE."
WHEREAS the MORiGAGOR is jusdy ~ndeb~ad to the MORTGAGEE in•tF+e ivm of~: 21 ZOO~OQ - qood ~^d ~+wful mon~y of tM Un~ted
States adranced by the MORTGAGEE ~nro the MORTGAGOR, as evldcnced by a ceruin prom~ssay note of eren d~ts l~erew~th, of whith th~ (dlow'^y i^
.
words and iigures is • true copy. town: •
t~,` ~.2~ .~Q No. ~4-23004425
~ Fort Pierce, Florida, Oecember 1 , 19 76 ~
For value received, I, we, or efther of
us, promise to pay, Without defalcation,
to the order of FIRST FEI~RAL SAVINGS AND LOAN ASSOCIATIaN Oc FORT PIERCE at Fort
. y
Pierce, Florida~ the sum of $ 21.200.00 xith interest from date at the rate of ;
8.75 S~ per annure, in ntontrly installments as °follosrs: $ 188.OQ on the
10;h day of January , 19 anc~ a like sw~ on the corresponding day of -
eacr r~ntr, thereafter ur~til th? uhole be fully paid.
F.ach installrrt;nt fir~t shall be applied in pay~nt of ths interest and then on
~ the ur.paid balance of the principal sum. If default is mada in the pay-ment of anp
~ insta2lment Hhen dus, and such defanlt cor.tinues 30 days~ t~en at the option o£ the
holds r, and withaut any other notice, all ths reriaining installme:nts shall be due and
payabl.e at once. Privilege is given to prepay this not~ in uhole or in part at ariy
tirr~ irithont penalty. tieither for~arance, nor acceptance by the holder thereof
after any default in any payrr.er.t hereon, shall be deer.~ed extensioif. A late payment
charge of $ 9.40 shall be assessed the 26th day o£ the month, if a regular
business day, or, if not a re~;ular business day, then tha next business d3y, on each
nor.thly installrent not then received.
Each maker, surety and endorser hereof, ~ointly and several~r, Waives demand,
pmsentmont protest and notice of protest for nonpayment, and further agrees to ar~r
- erte.^:sion o£ tir=~ of payr.~er.t, eithpr before or a£ter ~~turity, ~thout notice to any
of us; and to pay all costs of collection, including a reasonable attorney's fee in
thc event of any default hereundsr, and hereby severally Waives all benefit of home-
stead and exeaption under the constitution and laks of each State of the United ~
Statss, as against this obligatio:? or any extensian or reneWal hereof.
. ;
~
s/ James I.. Knight ~ a single (SEAI,) . ~
adult
Statp dxur.ient,ary stamp~ in the (SEAL)
ano•~nt of $ 31.80 are ~ , (SEAL)
affixed to the r.:ortgage secured • .
herabn,~. • 10~~~ ~E ~ (SEAL)
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