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THIS INOENTURE. AAade r?M_ '7th _ d,Y of _ March A.D. 19 7? between
_ _ Henrv Schroder and Virginia Schroderl his wif~ _
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of 1.LLC1Q`~ Cpunty ilorida, hr:eir+a4rcr dcsyRated as the "A10kiGAGpR," and fiR51 fEDERl~I SAVINGS ANp IOAN
ASSOCIATION OF fORi PtERCE, a corporaf~on aganized ind ex~sfing under t1» laws of the Un~~ed Stat~s of America ~nd haviry iq principal place of
bvs~ness in th~ City oi Fort P~erce, St. lucie Counfy, Flwid~, hereina(ter des~pnatetl as the "MORiGAGEE_'
WHEREAS the MORTGAGOR i~ justly indebred ro ths MORTGAGEE in tM sum of S 24;_~.QQ-^ good and ~awfut moe+ey ot the U~it~d
Statcs adra~xed by the t~!pRTGAGff ~nto ~he SItiJ21GACaQR, as ev~denced b~ a certaln promnswy note of even date he~ew~th, of wh~ch tt~ following in
wwds aod ~~ywes is e trve copy, to wir.
g 24.800.00 No. 04-2300831Q, ,
Fort Pie rce, Florida, Ma rch 7 , 19 ~ 77' " ~
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For value received, I, ~ra, or either of us, promise to pay, tirithout defalcation,
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to the order of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIOSV OF FORT PIERCE at Fort
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Pierce, Florida, the sum of $ 24,800.00 ~ ~ith interest from date at the rate of
g~75 per annum, ~n month~y fnstallments as follaas: $ 204.00 on the
lUth day of Ac,ri 1 , 19 77 an@ a like s~un on the corresponding day of
each ~~nth thereafter until the xhole be fully paid.
1' Each installment first shall be applied in paymQnt of the intcsrsst and then on
~ the ur:paid balance of the principal sum. If default is made in the payrent of arry
~ installu~nt When due, and such default continues 30 days, then at the option of ths
~ holde r, and ~ritho~ut any other notice, all the rem3ining installments shall be due and
payable at ance. Privilege is given to prepay this note in whole or in part at any
j tir~.~ without penalty. Neither forbearance, nor aeceptance by the holder thereof
~ after any default fn any pay~asnt hereon, shall be deertpd c~xtensio~. A late payu~ent
~ charge of $ 10.2o sh~ll be assessed Lhe ?6th day ot' the month, if a regular
~ business day, or, if not a regular business day, then the next business dap, on each
~onthly installrr~nt not then rece~.ved.
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~ Each maker, surety and endorser hereof, joir?tly and severally, ~raives demand,
~ pressnt~rent protest and notice of protest for nonpayr~ent, and further agrees to any
~ extension of time of payment, either before or after maturity, xithout notice to aqy
of us; and to pay a21 costs of collection, including a reasonable attorney's fee in
i the e vent of any de fau lt he reunde r, and he reby ss ve ral],y Wa fve "s a11 bene f it of homP -
~ stead and exerr.ptioZ under the constitution and laus of each State of the United
Statss, as against this obligation or any extension or renewal hereof.
~ s/ Nenry Schroder (SEAL)
~ Sta~s documentarq stamps in ths (S~AL)
s
~ arrount of $ 37.20 are
~ affixed to the ~:c~rtgage -secured s/ Virginia Schroc3er {SEAL)
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~ ~~~Y• ' (SEAL)
~ ' r t ~ ~rt71
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