HomeMy WebLinkAbout0424 ' 360i16 -
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ittlJ INUtNiURt. Ntaa~ tne day of ' ~abl Uary . A.D. 19~ bNwNn
Leland G. McCollough and Norma J. MeCollouqh, his wife
of _ St • I+uCl@ ~~~~y Fiaids, herein~fter designated ~f the "MORTGAGOR," and FIRST FE~ERAL SAVINGS AND IOAN
ASS(KIATiON OF FORi PIERCE, a corpw~twn oryanlzed and exist~ng undsr tM laws oi th~ United Sut~s of Amarica ~od Mvirq its princip~l pl~u of
bus~n~as in ths City oi Fort PiNU, St. tuci~ County, florida, herei~after desiq~ated ~s tM "MORiGAGEE."
WNEREAS tM MORTGAGOR is ju~tly indeb~cd b eh~ MORTGAGEE in 1he sum of ? 400 ~ 00 good and lewful money of the Un~ted
5!ates ad+arxed by the MURTGAGEE unto ths MORTvAGOR, es ev~denced by a certsm promfsuxy note of even dtle herew~th, oi wh~ch tM foflowinp in
no.d~ and 6yures is a true ccpY. to-wit:
$ 22,400.00 go~ 04-23007782
Fort Pierce, Florida, February 28 , 19 "
For value received, I, tire,or either of~us, promise to pay, without defalcation,
to the order of FIRST FEIERAL SAVINGS AND IAAN ASS~CIATION OF FORT PIERCE at Fort -
Pierce, Florida, the swn of $ 22,400.00 ~rith interest from date at the rate of
g• 5 ~ pe r annwn, in month~y installments as follo,~rs 181. 00 on thp
lOth day of April , 19 and a like su~ on the corresponding day of
each month thereafter until the Whole be fully paid.
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Each installment first shall bP applied in payment of the interest and then on
; the unpaid balance of the principal sum. If default is made in the payn~nt of atry
~ installr.~ent When dus, and such default continues 3Q days, then at the option o£ the
~ holder, and withaut any other notice, all the remaining instaliments shall be dus and
E payable at once. Privilege is given to prepay this note in Whole or in part at any
~ ti.mP ~ithout penalty. Neither forbearance, nor acceptance by the holder thereof
k after any @efault in any payrr~ent hereon, shall be deer~ed extension. A lats paqment
~ charge of $ 9.05 shall be assessed the ?.6th day o£ the month, if a regular
~ business daq, or, if not a regular business day, then the next business day, on each
monthly install~rPnt noL then received.
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Each maker, surety and endorser hereof, 3ointly and severally, waives damand,
present:~,ent protest and notice of protest for nonpayment, and further agrees to any
exter.sion of time of payment, either before or after maturity, xithout notice to any
# of us; and to pay all costs of collection, including a r8asonable attorney's fee in
~ the event of any ~fault t~raunder, and hereby severally waives all benefit of home-
; stead and exemption under the cortstitution and lati~s of each State of the United
t Statss, as against this obligation or any extensia~ or renexal hereof.
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~ s Le and G. McCollou h .(SEAL)
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~ Stats documentarq ~tamp3 in tfw ~ (SEAL)
~ amount of $ 33.bu are s/ No ma J. McCollough E~
affix~d to the a~ortgage secured ~ ~
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