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THI5 INDENTURE. M+d~ tl~~ 1~~ w day of ~cember /?.D. 19?6 betwee~? ~
ersc e . o son an a~~i "Cober~jrL r~l~o ktlo~rlit as 3eth CQbelr~ly ;
o{ St. T.t1C~~ Counry Flwida, hNeinaffK detignafed the "MORTGAGOR;' snd fIRST fEDERAI SAVINGS ANO IOAN ~
ASSOCIATION OF fORT PtERCE, ~ cwporation wyanized a~d existiny under tM laws oi tha United S~at~t of Americ~ and havinp ia pri~cipal pl~c~ af ~
busirass in ths City of fwt Pitres, St. lucie County, florid~, baeinaHer desipnatad as tFw TGAGEE." ;
WHEREAS tM MfNtTGAGQR is justly indebred to the MORTGAGEE in the wm of S I"Z~~'~ good +nd ~ewful ma+ey of th~ Un~ted ~
States adv~rxed by t!x MORTGAGEF unto the MOR7GAGOR, as evidenced by a cert~~n p?omissory note of evsn date herewith, of which tM folbwinp in t~
words u~d fiyvres is a t~vs copy, lo-wit: . ~
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6,000.00 , No. O1-230~995 ~
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Fort Pierce, Florida, December 10 , 19 ~76 ~
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For valug received, I, we, or either of us, promise to pay, Hitho+iic defalca~ion, -
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to the order of FIRST FED~=RA.L SAVI~iGS AND LOA~ ASSOCIATIO:~ Oc FORT PIE~tCE at rort ~
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Pierce, Florida, tl:e sum of $ 6,~•~ ~rith interest fram date at the rate of ~
9•~ per anmus, fn monthly installments as £olla~rs: ??•00 0~ ~'•~e
lOth day of .yebruary ~ 19 77 and a like suni o;z the corres~onding day of '
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each ~onth therea:'t,e ar until thz ~'hole be ftilly pa id. ;
Each installr~nt first shall be applied in pa;~rr~nt of the interest and thsn o:e
tt!e ur.paid balance of the p: incipal sum. If defa~lt is made in the pay-r~ent of arq -
in~tall-~ent xhen due, and such defat:lt continues 30 da~s, then a~ the option of thp ;
h•~lde r, and without any other notice, all tt~ renaf.nin~ insta~lm~~Ls ~hall b~ due and
pa,vable at once. Privilege is ~iv~n to prepav this no~e in ~hotF ar ir. part at any
tirr~ t,rlthout psn~lty. tJeither fort.earar.ca~ nor acceptance b,y th~ h~~?der thareof 3
' a£ter any @e~ault in any paytr.ent herAOrt, shall be d^e~r. d Pr.tsnsi or.. ti late pa,-y~nt :
charge of ~ 3,8~ shall be assessed the ?bth d3y o£ the r~.onth, if a z~ful~r ~
bu~iness day, or, if nat a regular busin~ss day, then t?:e r.ext busfness day, on e~~h %
m~nthlv insta?].a~ent not then reczived. ~
Eaeh m32ter, surety and endc+rsar h~reo£, jointly anci severally, uai~es ~sr3;~d,
, pit~ssatmQnt protest and notice of protest for nonpaynent, and further agrees ~o any
' ~;xter.sion of time of pa;rment, either before or a£ter ~?aturity, wi~hou~ notice to a~if
o~ us; and to pay all co~ts of collection, includ~ng a reasonable attorn~q's fee in
I the even~ of any c~fault hereundsr, and hereby severally xaives all bansfit o:' ho:-~-
I st^ad and exer~pti~n und~r ths constitution and laas of each State af the L'nit~d
i ~t3tes, as against this obligatian or any extrnsion or renaxal her~of.
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'i S/ Herschel D. Johnson
, (....A~.)
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Statp dccL.~~ant.axy stamp~ in th~ (~LAi,) '
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~ ar..o~~?t of ~ 9.00 ars g/ g,dna Beth Coberl also knot~n(g~~)
~ af:ixed to ~~ie r.:ortgzge sect~red ~ e~. „o~I~/
~ he relr,~, 0 ~ _ ~.S !(.-C'`~-~~ ( SEAT. )
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