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TkIS INDENiURE. J1Aad~ the lOth d~y or _ Februa ry ~ A_~. 19
77
- between
Rexford b Madsen Builders, Ir~c.~ a Rlorida Corr~ration
of St. Lucie ~q~~~y Flw:d~, hKeinalter de~ignat-d ss tAa "MpttTGAGOR;' and FIRST FEDERAI SAVINGS AND IOAfY
ASSOCIATION OF fORT PIERCE, • corporar~on orpa~ired a~d ea~tting vnder ti~e lavvs of the Un~tcd S~at~s of America +nd FuvinD ib principal plsce of
hvs~ness in eM Gity ot fa~ Ptares, S~. lucie County, florida, here~naftcr des~qruted af tM "MORTGAGEE:'
WHEREAS th~ MORTGAGOR is justly indcbted to the MORTGAGEE in ths wm of s 54,~Da~ , good and ~aw(ul money of fhe Un~ted
;ra~es adva~~ced by the f~1uRTGAGEE uroo the MORfGAGOR, as ev~dencrd by a certam p~omJsswy note of even dste herew~th, ol wh ch tne foltow~oy in
wcrds and I~yurcs is a tr~e copy, to-w~t:
$ 54,000.00 . No. 04-23007238
Fort Pierce, Flori,da, February 20 ~ 1~-
For value receiv~ed, I, ~re, or either oP us, promise to pay, xithout defalcation,
to the arder of FIRST FE~RAL SAVD+lGS APtD IAAN ASSOCIATIOY OF FURT PIER~E at Fort
Pierce, Fiorida, Lhe sune of $~q~~_oa irith int,srest from date at the rate of
g.s ~6 per annum, in monthl,y installments as follaas: $ 435.00 on the
lOth day of June , 19 ~7 and a lil:e sune on ths corresponding day of
each month thereafter until the irhole be fully paid. -
Each instal2rrront ffrst shall t~ applied in paymgnt of th~ interest and then on
Lhe t~~paid balance of the principal su~. If default is made in the payz~ent of arry
insta]1r~ent When dus, and such default continues 30 days, then at the option of ths
holde r, and Without any other notice, all the re~aini.ng installmenLs sha11 be due and
payable at once. Privilege is givan to prepay this note in khole or in part at any
t~ir:e ~,rithout penalty. Neither forbearance, nor acceptance by tha holder thereof
after anp ~efault in any pay~nt hereon, shall be deemad extension. A late pay~ent
charge of $ 21.75 . shall be assessed Eha 26th day os the month, if a regular
business day, or, if not a regular business day, thsn the next business day, on each
~onthly instalvaent not then received.
Each maker, surety and eredorser hereof, jointly and severall,p, ~aives demand,
preser.trrent protest and notice of protest for nonpay~c~ent, and further agrees to any
extension of ttrag of payu~ant, either before or after maturity, ~rithout notfce to any
of us; and to pay all costs of collection, fncluding a reasonable attorney~s fee in
the event of any c~fault h:~reundar, and hereby severally Waives all benefit of hcaze-
stead anci exetr.ption under the constitution and laWS of each State of the Cnited
States, as against this obligation or any extensivn or reneWal hez+eof.
RE3CFORD & MAOSITYV gUILDERS, INC. -
. ,
BY:_'s/ Richa~i Madsen~~,residg~,_(SEAL)
Stats da^unentarv stamps in t~ (SEAL)
a.~ount of ~y 81.00~ are pM~T: s/ Betty Madsen~ SQOretary (SEAL
affixed to the ~rort~"~cured ~
he~~. 4 csE~) .
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