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THIS INDENTURE. Madt the 7th day of C~~~z ' A.O. 19 76 be~w~en
Peter C. Smith and Do~ores Ann Smith; his ~rife, •
af rJt . ~.VCIe ' _ _~~~ty Fiorida, hereinafter dssign~ted as the "MORTGAGOR;' and FIRST FEDERAL SAVINGS ,AND IOAN
ASSOCtl1TtON Of FORT PlERCE. + corpo~~t;on aga~i:cd +nd ex~stin9 unde? ~h~ laws of tfie Un~ted 5tat~s of Amcrica and hav'up in principal plac~ of
busines~ in the C~y of fon P~a+cs, 5~. lucK County, flaid~, F1fflIM~tN des~ynated as tM "MORTGAGEE."
WHERE}?5 the MORTGAGOR is i~+stly i~debad ro th~ MORTGAGEE i~ the s~m of : 67, 900. ~ g~ a~ lawful money o( the Un~ted
S~at~s ad+anced by tfie ti110RiGAGfE unto the MORiGAGOR, as evidenced by a ctrtain promisso~y nWe of e~en date herewifh, of which tht followinp in
wo~ds and fi9ures is a trw copY, towit:
67,900.00 ~.jo~ OL-23004805
Fort Pierce, Florida-, ~cember 7 ~ 1976
For value received, I, ue,or eitiher of us, promise to pay, without defalcatfon,
to the orci~r oF FIRST F~L?FAL SAVII~GS A:`JD LOAN ASSOCIP.TI01I 0~' FORT PIERCE at Fort -
Pierce, Florida, the sum of $ 67,900.00 xith interest frorn date at the rats of
7 5~ Fe r annu.~, in r.:~nthly installnGnt s as folloas 559 . 00 oa the
IOth c~ay oP ,Ianuary , 19 and a 1i1=^ sun on the correspondi~ng day of
'
~ eacl: r•.onth thereafter ~ntil tY:~ whole be fully paid.
~ Each installr~nt first shall be appliec3 irt pay'mrnt of the interest and thQn on
~ th? unpaid balance of the princiual sum. If default is mada in t}:e pay-ment of arry
ir.~tallnent when due, and such default continues 30 days, then at the option of tha
holde r, and without any other notice, all tY?Q renaining installments shall be dus and
payable aL oace. Privile~e is given to prepav this nots in whole or in part at any
ti~T.~ ~.-ithaut penaltip. h`eithsr forbearance, nor acceptar.ce by the holcier thereof
a:'tor any default in any payr..ent hereon, shall be dset~ed extension. A late payinent
charge o~' $ 2'7.95 sha7.1 be assessed the ?6th day a~' the month, if a regular
b~,:singss day, or, if not a re~ular business day, then the r.ext businass c3ay, on each
nonthly installne.nt not then received.
Each maker, s~~rety and endorser hereaf, ~ointly anci severally, uaives der.fand,
..~~•:-c~i:tr.:-•n~ pretp~t :.:~s3 r?c~ti_cc of protest for nor.payr~ent, and further agrees to any
~•~,.sion o: tir.~ o: p~yl.-c:nt, either before or a£tsr naturity, Without notice to any
~ of us; and to pay all costs of collection, including a reasonable attorney~s fea i.n =
the event of any default hereund~r, and hereby severally Kaives all benefit of hor.e-
~ stead and exer:ption under the constitutian and la•~s of each State of the Unit,ed
States, as against this obligation or any extensian or reneWal hQreof.
S Peter C. Smith (SEAL)
Sta~e docunentary s~amps in t~ ~SF~'~
ar;~o~znt of $ 102,y00 are 5/polores Ann S~aith (SEAL~
s
affixed to the :^ortgage secur~d' . ~
h~reby. (SEAL)
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