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FLORIDA MORTGAGE
THIS I:-;DE~TL'RE, mad~ this
1st
<la, of
Augus t
60
,A. D I~ ..,
by :m" ~tw~~n GENE!;AL DEVF.l.0P1.!ENT CORPORI,.T ION
vf the County of . in the SUte of florid a Mortl(.ll(Or, and h~:einaft~r SO d~sign"t~d and McC~\l'GJL\N
MORTGAGE COMP.\~Y. !~C~, a lorporation of th~ Sto.!e nf f1orid.l. h.win'{ iu principal office in lh~ City o( Cor31 G.1hl,..
Stal' of F1o. ;da, ~(orll(ag~e. and h~r,.;""ft~r so designated:
WIlFRF.~\S th,. uid MOrll(.ll(Gr i. jll\tly inu~bled toJ th.- "id ~i()rtl(.ll(~,. i" Ih,. pr;ndpal ""0 c,f
THIRTY THOL0Alv~ AhV NO/lOa - - - - - - - - - - - - - - - - -
as ~\"i';~nced by a certain promiuor)' nDle of e\"~n dau herewith, lh~ finll p~'" lI.ent of which is du~ on Fe b ruG. ry
,."ecuud by lh~ }.{ortgagor
.111d drli\"er~d 10 th.. Mortgagee, copy of which is attached hereto and mad.. a part h~rt'Or.
Dr,lI.. .
1971.
(
,
Rece:..ed $ t; c (/' In payment cI taxes due
cn Cl3SS "C" Intangible Personal Prop\:'r1)' purSU3nt to
Chapter 20724. Laws ct F1onda. Acts of 1941.
Cl" "
~ r4 J YJ) III .l.l~
Tax Collector, St. .~e C)i.Jnty. F:or~
.IIiami, Florid a Augus t 1, 1960
$30,000.00
For value rec~lved, th~ und~r8lgned promises to pay to the ord.r of
.'JCCA[JGHA~!~'()RTGAGX COMPANY, INe., a Florida corpora t Ion the prine ip(d SUJII of
T~IRTY TqO~~AND AND ^~/lOO-------------------_________~_______________DOLLhRS,
($30,000.00 wi th inte rest the r~on frolIC do t e, payo....l ~ monthl y at the rate of s tx
Ii- one-half (6i) par c~ntum p.r annUM, the Int~r~st and principal oJ this Not~
payable In tn8tall,"~nts as followa:
B.fltnnlng on the First day of F~bruary 1961, the sum of THREE HUNDI..ED FORTY
AND NO/100 DOLUL~ ($340.00) and the g~~ amoun~ on the sa~ day of ~ach month
th.reaJ"ter until the First day 01 January lfJ71, wh~n tlul balanclI 01 principal is
pavabl.. Int.rest only shall be payabl. froWl date until February 1, 1961.
~ ~oreBafd monthly paym~nts are to b~ applied firat to the Int~rest at the
rate aforesaid d~ Monthly upon the principal sum or so much th.reol as shall from
time to time remain ~aid, and tn. balanc. of each ftOnthly paYMent shall ba
appl ied In account of principal.
All installqnts 01 interest and principal ar. Hvable at the offlc. of the
payee in the r:1 ty of Co ral Gabl tJs, Florida, 0 r at such 0 tn.. r plactJ as the holde r
h.reof may designate in writing, in lawful money of the on1';4 State. of A1fI6rlca.
If any oJ 8ald install.ents of interest and principal shall not be paid wh4n due
then th4 ~ntire principal SUR 3nd accrued interest shall becoM6 due and payable
at once, at the option of th4 legal holdtJr of this Note.
Privilege is _stJrved to prepay this Not~ In full afttJr une year frOM the
date hereof upon paYlll4nt to lIeCAUGHAN JlORTGAC-E COMPANY, INC., its 8UC~..ors
07' assigns of a fee of one p.r centUII ,,~) of tM original principal a..ount 01
this Mortgage note,
Each maker and endors.r wa/~B. the right of IJx~Wlption und.r th. co~tttutton
and la.w. of'lor-Ida, and eacll IIItJk.r aM .ntl..,...r _111.. d.maM, ;:trot..t and
notice of .aturltv, non-pay..n' or prot..t and all rtJgutr~..nt. ~.c.ssarv to hold
each 01 th... 1 tabl. 4li 1141r.,.. aJ'llll .7t4or".r..
It III fur-tMr 4(!r.." '1acaf. ao1lI1114.t.r (1M e714ars."" Jotntlll and ..verall" ahall
pay all c..t. ~f oolJ~otton, Inc1udl~g G rIJa.onabl. attorT~V'S I_e. on failure to
pa" t~ prtMI;ctl of ~ht. not. or anv Int.r.st tMr.on at IIlIturlty!. 1'1&1. not. and
all Swut du. tll.r.U1I4.r s11411 b.ar tnt_rest at th. rat. 0.1 ten (l()"!,) p.r c..I"ltu.w per
annu. Iro. due aat. MntlJ ~tJtd,
It I. f\l.rth*r olr..4 elaaj.cll ..wr Gild qn4o,...,.. Jo trotl 11 ar&d ".I.J. rallll M r.bV
Co~s.n* to anv .~t."alo". or rcn.~l. .r .odlftcatlon. of tht. not. or any ~r'
tn..,..., ~tthout notte., and ~Gch aaker and ~ndors.r agr... that he ~ll1 rematn
l'al>l. u. such during anI' .xt."ston or rBMI9.U or ltIOdl.1icattDn h4r.Df until th.t
debt rwpr.s.nted h.r.by te l~lV ~atd.
1'111. >loC. t. ....mr.d. bV IItOrtgage upon real prop<1rty In St. Luote County.
71ortda, and tht~-~ot. t. to b8 conatru8d according '0 th. L~ of 'lorlda.
GliN6RAL CE'n'LOPMni!' CQRPORAT ION,
G n.lalDtl.r. corporal. tOil
Att~s' ~.J. MAckIe.
S,c r, tarv
(COBPORAU SEAL)
Bu
F aEQ Ma~kla-# Jt:,.
~r'lJ Id.nt
.
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