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"T, LUCIE COUNTY, rl~.
FLORIDA MORTGAGE
TillS I~DENTl'RE. madr th;s 27th
MARCH
. A. D. \9 61
da)' of
to)' '10" betwrrn GENERAL DEVELOPNEN'l' CQRPQP.ATIJN, a D~lawar~ corporat ton
uf t~~_,~;~l&"ty of Da?~, '. in lhe State of Flori~" Mortgas-or, and hereinafter 10 deJisnated llml McCAUGHAN
>,{O... ..AGE COMPA:"'t, I~C, a corporation of the -5t?,te of r\orida. h:winlf iu principal office in the Citv of Coral GAblr..
St.\t~ of ~ le'rlda. Morl'lagre. and hrrrir,after 53 dr!ignatrd: .
WIIF RF.,\S the .aid Mortl(agor i. ju.tly indebted ,':) the ..1id MnrtlPl(ee in the principal '"m of
l'WENT'r- THOUSAND AN!) NO/lOa _ _ _ _ _ - - _ - - - - - - - - - OoHm.
a. evidenced by a crrtain promiuol)' nolr of even date herewith, thr fin,,1 payment of .....hich i. due on September 1 1971
exeClllrd hy the Mort,(a,!or . .
2nd delivered to 'lh~ >'forll!;agre. copy of which i. allachrd hereto and made a part hereof,
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ReceMd $ 'io - In ptymtnt 01 t.xt~ dut
on Dass ..C'. intangible PenoNl Property pu~an\ \0
i'20, 000. ooChapter 20724. \'IS 01 Flotida, Acts c.I 1141.
.... 27. 1N1
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For ualu. reOl!tved, tM underslgn4t1 pro.'.e. to paV to tM ord.r -I
McCAUGHAN ,l!ORTG."tG" COMPANY" INC., CI 'lorlda oerporatlo", tM prf7'UllpCl.l .UJi;
ot TWENTT TH') SA/Ii'>> AND NO/lOO _ _ - _ - - - - - - .. - - - - - - DOLLJ.R8,
($20,000.00) wl'h Intere.' th4r~on Iro. dat., pavable ~"thJV at .hI ra'.
of . Ix (6) p.r cent~ per cPS,""" 'M Intere.' and priM IpCll .1 .hl. X.,.
payable In In8ta1l~nt. a. followel
Beg 1m Ing eM lit'" .f Oetekr. 1N1 , eM ..... .~ "0 1I1JNDRE1J f'Jl8N'1'T-
TWO AND 20/100 DOT~A.HS (1222.20) a7td 'M .aM CPIOIQI' OJl eM Sa_ dav 01 .ao1&
manth thereaft.r until the let"''' "'t~-. llVl , --n 'M bCllaM. .1
principal ts payabl.. In'er~5' o~y .halJ ~ payabl. fro. da'. un"l .
October 1, 1961. .
Tn. ~or.sald .onthly pay..nt. Gre '0 ~ appll.tI 11r.' .e In'.r~.' a'
tM rate aloresald dU4 monthly upon tM principal..... or .e 11&&01& .ure.1
as shall from t tm. to time r.tnal'l'l unpa ItI, and tn. balano. .1 ea." ,.on.hI y
payment shall be a'lll ied on account 01 principal.
All Inr: tallllUnts of int. res' and prine 'pal arll JJGJlGbl. at 'M ollIe.
of t~ payee In the .,,~ 01 Coral Gable., 'lorltla, er a' ...- o.her 1'1".
as tM hold.r Mr~of llaydlBlgnate 1'1'1 ~rltlng, In ltJlDjllJ. "JN~ 01 eM Un'..II,
Stat.. of A..rlca. If any 01 saltl I"stall.."ts 01 '''..,.... 4UtfJ l~rl'NItpd ;
shall not be paid wlun dIU tMn tM en,'ra priM/pal SUII aJ'ld ac_rwtl IJlt.r..'
shall b~CON du.. and payable at onc., a' thl optlo" 01 tM l~gCll Ilold.r -I
thIs Not~.
prlvil~qe Is ref:erued to pr~pay thl. Note In lull 4/t.r OM V.ar fro-
the date /ureof unon paYIMnt to McCAUGHAN MORTGAGE COJ/PANT, INC., ,e.
.ucl'e:-;,~or8 or assign. 01 a fce 01 one per cent~ (1"') 01 tM original
principal amount 01 thi. mortgag8 note.
}.'aoh fr.:;ker and endorR6r walue. eM right 01 e.x~srpe Ion und.r tll. COM-'
tut i on and 1 awe of Florida.. and each mak.r and ertdor.er WCJ/I1~. dMIIfClM, proe.. t
and notlc~ 01 maturltv, non-pay~ne or prote.' ana all requlre._nts .-cessarv
to hold each 01 them I iabl. as malur. and endors.r..
It Is furtiur agr..d that ecch malur an4 .ndor.er. jointly and ..tHlralIJl,
shall pay all cost. 01 collection, Inoluding a rea80nabJ. Gtiorra.V'. lee. on
failur. to pay th~ principal of thl. not. or any '''*.~8~ t,h4r.oJl a& ~.urley.
'This not~ and all .i.UIUI dIU eMl~Ulld.r sh411 kar Int.res' ae tM rat. 01 t.n
(l0'f,) pe r cent,UIJ p~r annu.w Iro. du. riat. unt tl pa Id.
It Is lurther ag~..tI eha~ .aoh Mak.r and endor..r Jolnely and .ep.rol1v
n.reby cons.ne to any ~xtenal01l8 or r.n.~l. or .odll'oa"ona 01 jlll. not.
or any pare tMr~ol wl:~ou' not Ie.. and ea.1I 1IItIur aM endors.r ogrees .lIGe
he will remain 11ab1. a. euell durl", a"Y B~e..,..'o" .r r.,..~ or .odllloa&lo"
Mreof until th~ d~bt JlHpres.ne_tJ Mreb, I. fully paid.
This Not. Is Bcoured by mortgage upon r.al prop.r*JI In S~. Lucie COUII'V,
Florida, and e~t. Note Is to be eon.t~d Goco",lng eo th4 L~ ol'lorlda.
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" , aENE.'iAL DFYELOP/riEJ/T CORPORATION" '.
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A t t~8td/ \ ~~")",,, ~~lf _I ~. BPj /s/ R., ~ Mack1e i oJ__ "';''- ft/, .,
, '. >.',,"': J~rct(Jry 'f~ Pre.IIl.,.. ~~ "':: ,~,\':'.'
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Har:ch 2f? 1~61...~_:,.~,~\.,;'~~?-' entify t~at this is a confoJ:III.ad co;'ly with regard t.~~ r u't\';-.:.:,
:. ~ ..\~ OOUQRATlON. Holtry Pwbli<,~.~,~~,~.ur\~\.
, '." .,~~-j .f; .... L~~~ L> .. ~ ~ 4 1!jy (oramiss:h- r~ ~"iO, l~..
_...~i~ ...:.-.~ My commission exp~reSr .....-..otfW..~f~.
, . Notary 'p lie ~ ,..... ::..\ ' -,- "
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