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THIS INDENTURE. lNsd~ tF» 1?th ,~y of DeCe~hh~r A,p. 19 b.nn..n •
Walter H. ~1cKenzie and i~oris D. McKen~ie. his wife °
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of ~ St . l.«c ie c~+n? Fw.~d.. MreinsftM dagnsted aa tl+e "MORiGAGOR." ~snd FIRST fEDERAt SAVINGS ANO IOAN ~ a
ASSOt1ATtON OF FORT PIERCE, a oorpa~tan or~anized and exiitinp w+dK tiw bws ot th~ lh?iad Sta~a of M+arka aed h~vinD P~~P~~ P~ ~ '
bu~awss in tM City of Fut Pi~rc~. St. luw Cak~ty. Florid~, ha~einafter desiynatd as tM "MORTG/?GE~"
WHEREAS tht MORTGAGOR is jvstly indebtet! w th~ MORiGAGEE in the wm of ~7 4~•~ pood u~ I~wfui mw+~y of the United
Statcs adv~nced by the MORTGAGEE unro the MORTGAGOR. +s evidenced by a certain prom:uwy rate of ~ven' I~M~rith, of which IM foliowinp in ~
wpds aod iigwea is e trve copy. to-wit:
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$ 3z, _t00.00 ?to. O~s-230052~0 ~
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Fort Pience, Florida, Dece~ber 17 , 19 ~ ~
For value received, I, We, or either of
us, promise to pay, ~,rithout defa~.cation,
to ths ordar of FIRST FEB~RAL SAVINGS AND IAk~'V ASSOCIATIOY 0~ FORT PIERCE at Fort
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Fierce, Florida, the sum of $ 3%.t00.00 ~rith interest fram d3te at the rate of . j
F s. ~ 5 ~ per annum, in ~nthly installments as follocrs 30t3.00 on ths
1Ct~? day of ADril 19 anc? a like suri on the corresponding day of ~
each n:onth thereafter until ths ~rhole l;~e ftillg paid.
~ F.3ch install~nt first shall ~ applie-d- in payrpnt of the interest an~ then on
` the ur.paid bal.ance of the principal sum. If default is r.~ade in the pay-rent of arty
~ in:ta2lment Hhen due~ and such dsfault continues 30_days, then at the opti.on of ths
~ holder, and withaut any other notic~, alI the,remaining install.r:ents shall be due and
~ payable at once. Privilege is given to prepay this note in whole or in part at any
~ tir.~e crithout penalty. t3efther for~arance, nor acceptance b,y the holder thereof
~ after any default in any payrr,ent hereon, shall be deemed extQnsion. A late payment
~ charge of $ 1~. ~t0 shall be assessed the 26th d~y o£ the month, if a regezlar
bLSiness d3y-, or, if nnt a z~egular business day, then tha ner.t business day, on e3ch
~or.thly instalLnent not th~n :eceived. ~
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~ Each ~aker, suretq and en3orser her~of, 3ointly and severally, Kaives denar.d,
pms3ntmen~ protest an~ notice of pratest for nor.gayment, and further agrees to ar~y
ext~r?sion of time of payment, either before or after r~,aturits, without notice to a~
ot us; and to pay all costs of eollection, including a reasonable attorney's fee in `
the event of any default hsrennder, and hereby severally ~?aives all banefit of hor.P-
stead and exen:ptian under the constitution an~ lahs of each State of the United
States, as against this obligatian or any extension or renaWal hereof.
s/ Walter '-tcYenzie (SEAL) _
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State dxu:n?ntary starr;~s in ths l / )
amuunt or $ =~5•~ S/ Doris D. :~icY.e 3~ (SEAL)
af~'ixed to the rortgage secrred _ . ,
harsb~. _ ~:t~~~ .111r ti-~:~,~, (SEAL)
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