HomeMy WebLinkAbout0981 ~ ~ , ~'~."F `
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' 35.2~?13
THIS INDENTURE, /Nad~ lbth day of ~8C°I~1beI'
, A.D. 19~ betwean
Jaines C. Sr~~th and Pauline r.. ~mi~h~ his wif~, ^ .
of _ Cti . I,i1C ~@ ,~~~~y Fbrid~, hereinafter designated as the "MORTGAGpR;' ~~d FIRST FEDERAL SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, a co~poration ay~nizrd and ex~iting under the laws of the United SNtQS of America ~nd Mvjny i» principa) place of
businsaa in th~ Ciry of Fort Pisrc~, St. lucie County, Fiuida, hereinafter desipnated as ths "MORiGAGEE." .
WHEREAS the MORIGAGOR is justly ir+d~bted to the MORTGAGEE in the sum of S ~ ~ good er.d lawful money of the Un~ted
S+ates adv~nced by tt~e MORiGAGEE unto the 1NORiGAGOR, as evidenced by s certam promiuwy note of even d~te herew~rh, of which the foilowinp in
words and figures is a true copy, ro~wit: ~
~ 32,l1~0.00 No. ~1-2300~1~ ~
,
Fort Pierce, Florida, ~ce^~ber 16 , 19 ?6 -
For value received, I, We, or either of us, promise to pay, Without defalcation,
to the order of FIRST FEI3~RAI, SAVINGS AND LOAN ASSOCIATIOY OF FORT PIERCE at Fort
Pierce, Florida, the sum of $ 3~s~Ofl•~ with interest fron date at the rats of
9•0 ;6 per annum, in n~onthly installments as folloxs: g ?>2•~~' on the ~
f
~ lOth day of rebru3r'3t , 19 and a like sum on ths corresponding day of
~
~ each tnonth thereafter until the Whole be fully paid.
~ Fach installment first shall be applied in payrr~nt of the interest and then on
~ th~' unpaid balance of the principal swn. If default is r.iade in the payment of any
instalLaent xhen due, and such default continues 30 days, then at the option of the
~ ' holde r, and without any other notice, all the remaining installments shall be due and
~ payable at once. Privilege is giver to prepap this note in Whole or in part at any
i tiuu~ ~,rithout penalty. Neither forbearance, nor acceptance by the holder thereof
€ after any defa~t any payment hereon, shall,be deemed extension. A late payment
~ charge of $ 1•6~ shall be assessed the 26th aay of the month, if a regular
~ business day, or, if not a regular business day, then the next business day, on each
; monthly install~aent not then received.
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; Each maker, surety and endorser hereof,-jointly and severally, Waives demand,
; presentment protest and notice of protest for nonpayts~ent, and further agrees to arur
~ er.tension of time of payment, either before or after maturity, without notice to any
; of us; and to-pay all costs of co2lection, including a reasonable attorney's fee in
; the event of any default heraunder, and hereby severally Waives all benefit of hcme-
' stead and exempticn under the constitutior? and laws of each State of the United
f States, as against this obligation or any extension or reneWal hereof.
~/Ja.^~es C. S~i~h (SEAL)
~
~ State dxws~:ntary stamps in ttw S/Pauline S,~i+.,!~ (SEAL)
; amount of $ !~°.50 are ~SE~~
affixed to the ~ortga~e secured PAGE
6G~OK ~
hereby. (SEAL)