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THIS INDENTURE, Made the ~th da of y~'~h ` A.~. 19~ between
William Farrell ~nd
r~n . arre ~ h a?i fe
of -s~t.. T+'.xCl@ , Counry Florida, hereinafte~ desgnated as the "MORTGAGOR;' and FIRST FEDERAI SAVII~GS AND IOAN
ASSOCIATION OF FORT PIERCE, ~ cwpwation oryanized and exii~ing unde~ ~he Iaws of the United Stat~s of America a~d Mving in principal pf~ce of
busintss in tl~ City of fat PiKU, St. Lucie Covnry, Fluida, hereinaher desgnated as the "MORTGAGEE:'
WHEREAS ths MORTGAGOR is justly indebted to the MORTGAGEE in ~he wm of = 212_~~'~ _ , good snd lewful money of the Un~ted
Stat~s- advanced by the MORTGAGEE unro thc M.ORTGAGOR, as evidenced by a certain promisswy note of even date herervith, of which the followinp in
wwds ~nd fig~res is a true copy, to-wit: ~
g 2i,ooo.oo xo. 02-23ooso~5
Fort Pierce, Florida, March 11 ~ 19??
For value received, I, Ke,or either of us, promise to pay, xithout defalcation,
-to the order of FIRST FEI~RAL SAVINGS AND LOAN ASSOCIATIOY OF FORT PIERCE at Fort
Pierce, Florida, the sum of $ 21,0OO.OJ xith interest from date at the rate o£
I
~ 8.5 ~6 per annum, in m~nthly installments as follo~rs: $ 1?fl•~ on the
€ •
lOth day of July , 19 7? and a like sum on the corresponding day of
each month thereafter until the whole be fully paid.
Each installment first shall be applied in payn:ent of the interest and then on
the unpaid balance of the principal swn. If .default is made in the pay-rr~nt of ar~y
installment When due, and such default continues 30 days, then at the option of the
holde r, and xithwt any other notice, all thA remaining installments shall be due and
payable at once. Privilege is given to prepa,y this note in Whole or in part at any
tir~ ~,rithout penalty. tJeither forbearance, nor acceptance by •the holc!er thereof
afte r any default in any payment hereon, shall be deemed extension. A late payment
charge of $ L.50 shall be assessed the ?6th day o£ the month, if a regular
business day, or, if not a regular business day, then the next business day, on each
monthly installment not then received.
Each maker, surety and endorser tiereof, ~ointly and several~r, ~aives demand,
~ presentment protest and notice of protest for nonpayment, and further agrees to any
~ extensio;~ of tir~e of payment, either before or after maturity, ~rithout notice to anp
~ of us; and to pay all costs of collection, including a reasor_able attorney~s fee in
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~ tre event of any default hereunder, and hereby several~y Waives all benefit of hon~.e-
~ stead and exemption under the constitution and laks of each State of the United
~ . States, as against this obligation or any extensivn or reneWal her~of.
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S/William J. Farre~l (SEAL)
F State documentary stamps in the (SEAL)
amount of $ 31.5~ are S/L~llian V. Farrell
(SEAL)
a£fixed to the r.:ortgage secured
hereby. (SEAL)
~ : f i ~U~1 PaGE