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35J$ti9 OORRBCTYVB MORTGAGB
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7Hl5 iNDENTURE. ~d~ 23zd day or ~ Noveober A.o. 19 ~6
Sernie 2hanes and Ale~ndria Thaai~: ~~,is ~i fg
of .T St. j.NC~e , ~ Cp~nty fluida, hereinaiter desgnated as the "MORTGAGOR." snd FlRSi FEDERAI SAVINGS AND IOAN
4,~^~'~Ai1Ci1 OF fpRT PIERCE, a corporatian organized and eaitting undc~ the laws of the Un~ted Statas of Amerite and Mving its principal pl~te of
~usiness in the City of fwt P~erce, St. Lucie County, florEd+, Ixreinaiter designated as the "MORTGAGEE:' -
, iNHERfAS the M~RTGAGOR is justl~ ~nde~tcd to the MORTGAGfE in the sum of S 4~ good and lawful moneY of the Un~ted
,fatrs ad+e~:-rd by ~he ~h~,RiuAGEE ~roo ~he tAURTGhGOR, as e+~drnced by a cerfain promfssory note of even date herew~th, of wh~ch the folbwing in
~ ~•ds e~.d fi ~+~s :a a rrue co
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$ 30.400.00 ' No. 04-23003930
i Fort Pierce, Florida, Noveabez 23 , 19 ~ 76.
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For value received, I, ~re, or either of us, promise to pay, Without defalcation,
to the order of FIRST FEI~RAI, SAVINGS AND IAAN ASSOCIATION Or FORT PIERCE at Fort
Pierce, Florida, the sum of $ 30,400.00 xith interest from date at the rate of
8.75 per annum, in monthly installments as follows: 250.00 on the
lOth day of March , 19 77 and a like sum on the corresponding day of
each month therea£ter until the xhole be fully paid.
Each installment first shall be applied in pay~nt of ths interest and then on
the unpaid balance of the principal sum. If default is made in the payrent of any
install~ent When due, and sueh dafault continues 30 days, then at the option o!' the
ho].der, and withaut anp other no~ice, • all the remaining installments shall be due and
p3yable at once. Privilege i3 given to prepa;; this note in Whole or in p~rt at any
tit~ ~3.thout penalty. t~either forbAarance, nor acceptance by the h~.der thereo£
after arry default in any pa,yr.~nt ~:ersan~ shall be deemed extensi6h. A late payment
charge of $ i2,54 shall be assessed the 26t,h d3y of the month, if a regular
: business d~q. or, if_not__a rep,ulnr business day, then__the next business day, on each
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~r.~:tthly fnsLalltr~tlt not then ~caived.
Each maker suret aad endorser hereoP • ointl and several ~
~ Y y ly, xaives demand,
presQntment p~ot~st and notice of pratest for nonpayment, and further agrees to any
extension of time of papment, either before or after maturity, Without notice to anp
ef us; and to pay all costs of collection, includit~g a reasor.able attorney~s fee in
the event of any de fault he reunde r, and he reby se ve ral Zy xaive s all bene f it of ho~r.e -
stead and exen:ption under the constit~~tion and laws o~' each State of the United
States, as against this obligation oi~any extensi~ or renewal hereof.
s/ Bernie ?haRes (SEAL)
Stats docuumPntary stamps in the (SEAL)
amount of $ are s/ Alexandria ?hanes (SEAL)
affixed to the r.:ortgage secured
hereby. (SEAL)
~~~r 2~3 PM~~ 2~
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