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THIS INDEMtJR~ MaJe tl,e ~1lt ~y of ' D!ClOb@! . A.D. 19
76
_ betvr~~n ~
_ Ka~nne~h L. Drw~~nd, a sin ~ adalt
' of _ St. L1Cie ~ Carnty fbrid~, h~tein~ffN des' nated as tM "MORTGAGOit;' ~nd fIRST _FEC'cRAI SAVIN AND L AN ~
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ASSOCUTION OF FORT PIERCE, ~ cor~pwalion orqanized and exiiting under the laws of the U~ired St~t~s of Ameriu and havir~y its principal pl~ of -
j^ ~+H ~~+f Pieru, St. Lucie Co~nry, fbrida, Ixr~in~fter desipnated n tM "AhORiGAGFE."
WHFREAS the A~tORTGAGOR is justiy indebted'to the MORT6AGEE in fhe wm'of S~A~.~~.~ ~ood and lawful mwxy of the Un~ted
Ststes advanced by the MORTGAGEE unto ths MORiGAGpR, aa evidenced by a ccrta~n promissory note of evc~ date herewith, of wti~ch the fdiowinp in
, wwds and figures is s trw copy, lo-wit:
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$ 30.OOO.Q~_ . No. Od-23005620
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~ Fort Pierce, Florida, neceober 31 , 19 ~6 " ~
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For value receiv~ed, I, Ne,or either of us, promise to pay, xithout defalcation, ~
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to the order of FIRST FEI~RAL SAOINGS AND~IAAN ASSOCIATION OF FORT PIERCE at Fort
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Pierce, Florida, the sum of $ 30,000.00 xith interest from~ date at the rate o£
8.75 ~ per annum, in aanth~y instalLnents as follows 24'7.00 on the ;
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' lOth day of A ril , 19. and a like sum on the corresponding day of '
each month thereafter until the ~hole be fully paid. ~
Each installment first shall be applied in payment of the interest and then on
the unpaid balance of the principal sum. If default is made in the pay~ent of arry _
installment When due, and such default continues 30 days, then at the option of the
holde r, and Withaut arry other notice, all the remaining . installn~nts ~ shall be due and ;
payable at once. Privilege is given to prepa~r this note in whole or in part at ar~y - ~
time irithout penalty. Neither forbearance, nor a~ceptance b,y the holder thereof
after arYy default in any payment hereon, shall be deemed extension. A late payment ~
charge of $ 12.35 shall be assessed the 26th daq o£ the month, if a regular
business day, or, if not a regular business day, then the next business dap, on each
monthly installment not then received.
Each maker~ surety and endorser hereof, ~ointly and several~y, ~raives demand,
presentment protest and notice of protest for nonpayment, and further agrees to arqr ~
extension of time of paqment, either before or after maturity, irithout notice to an~
of us; and to pay all costs of collection, including a reasonable attorney~s fee in
the event of any ciefault hereunder, and hereby severally xaives all benefit of home-
stead and exemption under the constitution~and lah•s of each State of the United ~
States, as against this obligation or any extension or reneWal hereof.
s/ K nneth L. Drumoond, (SEAL)
s~ n t
State documentary stamps in ths ~~1~ ~ ~AL)
amount of $ 45•~ are (SEAL)
affixed to the mortgage secured
hereby. (SEAL) _
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