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lpt,h December ?6
THIS 1NDfN7URE, N1~d~ ths day ot A.D. 19~. b~twwn
Gregory H. Larrrence and Eu~enia"La~rence, his Wife
of St. ~1C1@ Covnhl florida, hNtinafta desqnated ~a the "MORTGAGOR;' snd FIRST FEDERAL SAVtNGS AND IOAN
AS$OCIAt10N Of FORT PIERCE. a corporat~on o~yaniud and existirp wide~ the I+ws of tl+~ Unit~d S~~ta of Am~riu ~nd havk~p in principal plac~ of
bu~in~s~ in tM City of Fort PiKU. Se. tuti~ County, ilaid~. hsrtirutt~r d~s~ynat~d u tM "MORTGAGEE:'
WHEREAS tM MORTGAGOR a justly Intkbted b tM MORTGAGfE in tha sum of f 26~~~•~ 9ood and law'.u1 ma+ey of tF~e United
States adranced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certa~n promissory rwte of even date herewi~h, ot wh~ch th~ fdlowinp in
words a~d figwes is a trw copy, fo-wit:
5 26,1~00.00 No. O1-230UL~987
Fort Pierce, Florida, December 10 , 19 " 76 -
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For value received, I, we,or either of us, promise to pay, Hithout defalcation,
to the ordar of FTRST FEII~RAL SAVII~SSGS AtJD I,OAN ASSOCIATIGy OF FORT P~RCE at Fort
Pierce, Flarida, the sum o£ $ 26~~+~•~ tirith interest fram da~e at the rate of
9.0 p~r a,-~num, in monthly instalL~ents as follows 222 •00 on ths
I lOth day of J~~a~' , 19 77 and a like sum an the corr~sponding day of
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~ each month thereafter unti,l the ~~ole ~be ful~y paid.
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i Each install~nt first shall be applied in payn~ent of the interest and then on
r the w.paid balance of the principal .sum. If default is nade in t}~ pay-i+~nt of arry
~ ir•stallment when due, and such dafault continues 30 days, then at the optiare o~ th~
hold~r, and ~ithout any other notice, all the renafning installr:ents shall be due and
payable at once. Privile~ is given to preps,v thfs nots in Hhole or in part at anf
ti.~e ~ith~ut panal,ty. tdeither forbearance, nor acceptance by the holder thereof
after any de£ault in any payn~nt heraort, Shall be deened extensYOn. A late Fayr~ant
charge of $ 11.10 shall b~ assessed thP 96th dsy o£ the rr~nth, i£ a regnlar
b~xsiness day, or, if not a regular business day, then the next busir.ess day, on each
~ r,~nthly installrsr.t not then received.
~ Each r~aker, surety and endorser hereof, ~ointly and sevsra7.ly, waives ~r~~nd,
; pr~sent~r~ent protest artd notics of protest for nonpayment, and further agrees to any
~ extension of tiim of p3yr.ent, either bafore or aftsr maturity, irithout noticz ta ar~y
k of us; a:~d to pay a11 costs of collection, including a reasonable attorney's fee in
~ t~a event of any dsi'ault hsreunder~ and hereby sererally kaives all benefit of hom~-
° stead and exe~ption undvr thz constitution an~ la~:s of each Stat9 of the United
~ States, as a~ainst thi_s obligatio:t or any extensia~ or reneWal hereof.
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€ S/ Gregory H. Iawrence (~EpI.) '
~
~ S+,.ats docurwntary starp_; in th~ (SEAL)
~ anount of ~ 39•60 ~ra S/ ~ugenia LaWrence (S~'4L)
~ affixed to the r..ortgage sacured .
~ hereby. ~ , .x~ , ~~r ~ (SEAL)
~ . 6GGK 4V~. fACE , f ~ ~