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LO,\N NO,
ib!i ~ 27]
\ , \
ST, LUCIE COUNTY, flA.
8f-1,707
..."..~
FLORIDA
MORTGAGE
THIS INDENTlJRE, made thi, 20th day of llaroh , A. D. 19 61
hy :lnd betwe~n COWLES REAL ESTATE CORPORATION, s J1C1"id'1 Oorpora't1oD
of the County of St. Lucie . in ltIe State of :Iorida Mortgagor, and hereinafter 10 desi&'nated and McCAUGHAN
MORTGAGE COMPANY. I~C" a <orporation of the' State of Florid3. havinlt its principal o/lice in the Cily nf Coral GabJ~I.
Stat,. of Florida, Mort~ag~e, and t.er~inafter so design..ted:
WIIFREAS the said Mortgagor i, jmtly indtbted to thr nid Mortgage~ i,. the principal 111m of
NINE THOUSAND THREE HUNDRED IIlTI and 00/100- - - - - - - - - Dollars.
::u evidenced by a certain promiuory note of even date herewith, th~ final payment of which is du~ on
e""cutru b)' the Mortgagor
and d,.li""red to the Mortgal(ee. copy of which i, attarheQ ~.ereto and m..d~ a parI hNt'<lf,
April 1, 1981,
J
RXID ~ '~::'= .-. m ...1
For value received, the uild~nigned ;";..Ii~ .. II ,,~ ~.s to pay to the order of McCAUGHAN MORTGAGE
CO~,,,,,'j..,, fiF" a Florida corporation, the principal lurn of ~ ~..-.. ...- ......~ . &>ollan
(~~~-). with interest thereon from date, payable monthly at the rate of . __ per cent.
per annum; the interest and principal of thia note payable in imta1menta &I foUowa:
Beginning on the tat day of .... --. 194k the IWD of
Md the lame amount on the lame day of each month thereafter until the _ day of _
when the balance of the principal il due and payable.
$. 9,350.00
f:;iL, 19~
The aforelaid monthly payments are to be applied fint to interell at the rate aforesaid due monthly upon the prlncipallU!D
or so much ther~of al Ihall from time to time remain unpaid, and the balance of each monthly payment ahall be &Pplied on account
of principal, This ~ote may be prepaid at any time : in whole or in part without
penalty. or prem~um. . . '"
An InllalmentJ of In;eI'C1t and prmclpal a.-e payable at the office of the payee In the CIty of Coral G&blet, FJonda, or
at such other place aJ the holder hereof may delignate in writ;n/{, in lawful money of the United Statea of America. If any
of laid imtalmenll of inter.:1t and principal ahall not be paid when due 1Jen /.he entire principal lum and accrued interest ahall
~~;;;:T.;: due and pa)'able at once, at the option of the lela! holder of this note.
Each m~ker and endol'ler wai\'es the right of exemption under the ColUtitution and laWl of Florid", and each maker and
endorser wai\'es demand, protest and notice of ma.turity, non-payment or protest l\nd all requirementa neceaaary to hold each of
them liable as makers and endor~n,
It is further agreed that ~ach maker and endoner, jointly and severally, Ihall pay all COlts of collection, induding a relUOn.
able attorne)", fee, on failure to pay the principal of this note or any intereat thereon at maturity. This note and .all .UITll due
thereunder ,hall ~ar interest at the rate of ten (10) per cent. per annum from due date until paid.
)
It ;, further a~reed that each maker and endoner jointly and se..erally hereby consent to any extension. or renewals or
modificatioll' of this note or any part thereof without notice. .tnd each maker and endoner alfees that he will remain liable ..
,"ch ourin,\, any extemion or renewal or modifiCAtion hereof until the debt represented hereby is fully paid.
Thi, note i, ,ecured hy mortgage upon real property in ft. f.ut!ia Cmmt.7 .Florida, and thil ne:e i. to
1;(0 rOn5trued accordi",\, to the law, of Florida, CC8tZ8 RIAL BI!AB ~ (SIAL)
By
By
l
(SEAL)
GAT'nnAl' Cow) Al:J (~EA.: L)
Freside~
Don 'Ii. HubAl' (S )
Secretary
(SEAL)
:'o:O\\" TillS I:'o:DF.~Tl'RF. WIT:'o:F.SSF.TH, that the said Mo:t~agor, to better secure the payment of the principAl aum
,('I Ollt in "lid promi"ory no(l'. :md in~ere't therron. and i:-l comitieration thereof, and for other valuable considerationJ, has
'\'r.\nll'd, lur<;,linl'd and ,old and In' these pr~senu does grant, bargain and ,~Il to laid Mortgagee and to its luccelK'''' and assigm
fnr('\'rr, all that certain pared O' piece of land lyin" and ~ing in the Countv of St. Lucie anti State of
F1o..:rla, mor~ p,lfticularly descri~d :u:
Lot 16 in Block 16 of South Port St. Luoie,
Unit " according to the Plat thereof &s
recorded in Plat Book 12, Page 4 of the
Public Records of St. Lucie County, P1orida.
Re~e\,,';j !!f~z Q. in p'ym?nt of taxes due
on c: ~ . C . In c1g:b!e Persor.ai Pro;oerty p~rsuant to
Chap,er ~a. cts c! 19
~id
Tax Collector, St. Lucie County, lor a ____
State documentary stamps affixed to the original note and cancelled.