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THIS INDENTURE. Mad~ tFie 25th day of J~O~'ry _ 19 "
jie~ a*+~ 8 11IichC~lsnr? anc~Bl3,~a.b~±b 1?ZiChn~ ~.on.~ his w~~fo
p( St. Lucie - c~,„,~„ H,,;a,, hereinaher design+fed as ths "MORTGAGOR," arw! fIRST FEDERAL SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, • corporaYwn w~anized ~nd exii~inp unde~ ths laws of tM United Sr~tes of America ~nd havirq its pr~nc:Wl pisc~ of
b~skwsa in tFw Ciry of fort PiKa. St. Lucie Covnty, Florida, her~inaher despnated u tM "INORTGAGEE.••
WHEREAS the MORTGACaOR Is juitiy indebted to tM MORTGAGEE in the sum oi* Q~ good and iawtul money of the Un:ted
States ~dvsnced by the MORiGAGEE unto the NiORTGAGOR, as ev~denccd by • certa~~ pombsory note of even date herew~th, t~ wh~ch the fotlowinp in
words and figures is • trw copy, to-wit:
44,000.00 , Na. 02-23005729
Fort Pierce, Florida, Janua?ry 25, ~ lg"77 -
For value receiv~ed, I, ~re, or either of us, promise to pay, r~rithaut defalcation~
to the order of FIRST FEIl~RAL SAVINGS AND IAAN ASSOCIATIO?J OF FORT PIERCE at Fort
Pierce, Florida, tha sum of $`~4~~•~ xith interest fro~ dats at the rate of
9• 0 S6 pe r annum, in monthly installments as folloxs 396' ~ on thQ
lOth day of March , 19 77 and a like su.~n on the corresponding day of
each month thereafter until tha xhole be fully paid.
Each installment first shall be applied in payn+ent of the interest and then on
the unpaid balance of the prir.cipal sum. If default is made in the pay-~ent of az~
installment Hhen due, and such default continues 30 days~ then at the option of the
helder, and withaut any other notice, all the renaining installments shall be d~se and
payabZe at once. Privile~e is given to prepap this note in uhole or in part at aryy
tir.ie without penalty. Neither forbearance, nor acceptance bp the ho2der thereof
after any default in anq payrn:ent hereon, shall be deer.~ed extension. A late p3pment
charge of $ 19.80 shall ba assessed the 26th day o£ the month, if a regular
business day, or, if not a regular business day, then the ne~ct business d3y, on each
monthly installment not then raceived.
Each maker, surety and endorser hereof, jointly and severally, xaives dam~nd,
pressntment protest and noticE of protest for nonpaqment, and further agrees to any
ex_tension of tire of payment, either before or after maturity, ~thout notice to a~
of us; a~d to pay all costs of collection, includfng a reasonable attorney's fee in
the event of aay dsfault hereunder, and hereby severally Waives a11 benefit of ho~rz-
; stead and exemption uncter the constitution and laks of each State of the L'nited
~ States, as against this obligation or any extensivn or r~neWal hereof.
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~ S/Roland B. Nicholson (SEAL)
~ State docum~ntary stamps in ttr~ ~SL~)
~ amovnt of $ 66•~ ' a~ S/filisabeth Nicholson (SEAL) _
affir.ed to the z:ortgaga secured
~ henjby. BCRK GUc7 PAGE (SEAL)
~ 595 .
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