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HomeMy WebLinkAbout0981 ~ ~ , ~'~."F ` - . ~ - - ~ 0/ ' 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. ~ t ; 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)