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LO:\N NO,
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259
1!-1.701
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c;T, LUCIE COUNTY, FlA.
FLORgDA MORTGAGE
THIS I:>:DENTLJRE. maoe this 20th day of
by :lnO between OOWLES REAL ESTATE CORP<RATIOB,
Karch ,A. D. 1961
a ~lorida Oorporation
of the County of st. Luoie . in the State of Florida Mortpgor, and hereinafter 10 delignated lUld McCAUGHAN
MORTGAGE COMPANY. INC" a l'orporatior. of the State of F!orida. havinlt iu....principal office in the City of Coral Gablet.
Stat? of Florida, Mortgagec. and hereinafter so desi~nated: .\:. J~ '
WIlFRF..'\S the said Mortg<lgor is justly indebted to the nid Mortga1(ce in the prillcipal SlIm of
EIGHT THOUSAND SIX HUNDRED and 00/100 - - -~ - - -
:,s ..videnced by a certain promiuury note of even date herewith. the final paym..nt of which is due on
..x..cuted by the Mortgagor
and d..liv..r..d to the ~{ortgagee, copy of whieh is <llIached hereto and made a part hNe<:lf.
nolla....
- - - -
April 1,
19 81
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"XED MONTHLY PA YMINT NOTI,
$ 8.'00.00 ~Q1't :Pie.rce,Florida, ___ "rob 2Q 1~
For value recei\'Cd, the undersigned jailltl} ..... _ -MJ,- p..,romiles to ~y to the order of McCAUGHAN MORTGAGE
~~4.~~r"" I!ir... a Florida .co~ration, the principal.um of ~11)l~ ~OU.... 8111: ~, - DoUan
( U W.W ), WIth mtereJl thereon from date, payable monthly at the rate of __ H-- per cent.
per annum; the interest and principal of this note payable in il\italmenu &I follows:
Beginning on the 1. t day of IIA7 ' I g~ the lurn of ----"......1l. Doilln.
and the lame amount on the same day of each month thereafter until the _~ day of ~~, 19..al.-.
when the b.alance Llf the principal is due and payable.
The aforesaid monthly payments are to be applied fint to inter..st at the rate aforesaid due monthly upon the principal IUJlI
or so much thereof aJ shall from time to time remain unpaid, and the b.alance of each IDOnthly payment aha1l be applied on r.ccount
of principal. This n.ote may be prepaid at any time in whole or in part without
penalty, or prem~um. . . . .
Air mstalm~nlS of mterest and pnnclpal are payable at the office of the payee In the City of Coral Gables, Fiend.. or
at IUch other plAce aJ the holder hereof may designate in writin!{. in lawful money of the United States of America. If any
of said instalments of interest and principal shall n~t be paid when due then the entire Fincipal ~um and accrued inte'~st ahall
~come cue and payable at once, at the option of the legal holder of this note,
Each maker and endouer waives the right of exemption under the CoOJtitution and !aWl of Florida, and each maker and
endorser wai,'"s d.......and. protest and notice of maturity, non-payment or protest and sll requirements neceuary to hold each of
them liable as makers and endorsers.
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It is further agreed that each maker and endorser, jointly and aeverally, Ihall pay all cosu of collection, includinll' a re&IOn-
able attorney's fee, on failure to pay the principal of this note or any interest thereon at maturity, This note at.J all IUnu due
th..reund~r shall bear inter..st at the rate of ten (10) per cent. per annum from due date until paid.
It is further a'lreed that each maker and entlorser joir.tly and se.-erally he~eby consent to any extensions or renewals or
modificatioflS of this note or any part thereof without ~Iotice. and each maker and endorser agreel that he will remain liable &I
",ch durin,!, any cxt..nsion or rcnewal or modification hereof until the debt represented hereby il fully pal-:!,
Thi, note is secured hy mortgage upon real pro~.!.tIJ.n_
be comtrued accordillli: to thc laws of Florida, OUW~
~ ~. {(jrft~ ,~r (SEA')
(SEAL)
~~lL rBg~~~8okI~~t>>ants~L) is to
Gardner Cowles
President
(SEAL)
By_
By_~n w.
Huber
(SEAL)
1'1
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II
t
Secretary
'J
:--;o\\' THIS I~DENTL'RE WIT:"ESSF.TH, that the said Mortgagor, to better secure the payment oi the principallU!ll
,,'t Ollt in ,:>id promi,sor\' note. and int..re,t thereon, and in comicl..ration there:of. and for other valuable considerationJ, hu
"r.lntrel. b Jr<::>ineo 3ncl sold and by these preSf'nt :~s grant, bargain and sell to laid Mortgagee and to its lurceuors and auigm
forever. all that certain p;Hcel or piece of land Iyi..>: and bein1( in the County of st. Lucie and State of
F\or:,h, mar.. p,1rticularly dcscribed :u:
Lot 14 in Elock 16 of South Port st. Luoie,
Unit 3 according to the Plat thereof aa
recorded in Plat Book 12, Page 4 of the
Public Recorda of St. Lucie Oounty, Jlorida.
. t .....e
/ 2~O in PWment 01 axe~ u
Recei'ted ~ _I " ~ ' -pcrsol.a\ Property pursuallt \0
('''1 C\J)j 'C r\ "J or da ;"c1s 01 1941.
Chapter Zv72~. ~a,'I) o. 1'1 , .
State documentary
the original note and cancelled.