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298
ST-l,7l4
LO.\N NO.
ST:. .~UCIE COUNTY, FLA.
.... ----. -...-.
_,_ _____u_____
FLORIDA
MORTGAGE
THIS IHDE.NTURE, made this
, A D 19 61
Cor!Joration
20th day of March
COWLES REAL ESTATE CORPORATION, a Florida
of the County of St. Lucie. . in the State of Florida Mortgagor, and l:ereinafter 10 designated and McCAL'GHAN
MORTG,"GE COMPANY, I~C., a corporation of the State of Florida. h:\Vinl( its principal office in the City of Coral (;ahl~s,
State of Florida, Mortgagee. llnd hereinalt~r 10 desil!nated:
by and between
WIIFREAS the .aid Mortgagor i, justly indebted to th(' '-lid Mortgal({'t" in the principal ".m of
TEl THOUSAND TWO HUNDRED and 00/100- ~~~ - - - - - -
_ - - - Dolb...
April 1, 1981.
,~ evidenced by a certain promiuory not... of even date herewith. the final pa\ Illt"nt of which is due on
executed by the Mortgagor
and deli,'ered to th't" Mortgagee. COPl' of which is attached hereto and made a part h('reoL
~
PIXID MONTHLY PAYMENT NOli
. 10,800.00 __,_.JOrl Pi.~,'Florida, ~c.A 20 ,19.6l-
F"'r value received, the undenilJled j.:. ll, .1...4 _.~..dI, promu1 to pa7 to the order of McCAUG~N MORTGAGE
COMP."NY, INC., a Florida corporation, the principallum of!eD ....,.,aAftil 'rMo lInnilred "'}~O/1.00- - [\Ollan
($ lO,IOO.QO ), with inte1'(;lt thereon from date, pAyable monthly at the rate of ___~, per cent,
per annum; the interut and prinr.ipal of this note payable in inltalmenu as follows:
Belinnilll on the ld. day of UV -0 19.-6L the lum of
and ~e same amount on .ne =;; ;:-7 u: caUl month thereafter until the - 1..'" day of
when t.I-.e balance of the principal il due and payable,
16.09 ~an,
~l"1.l. _,19 ,
.. The aforeuid monthly parmenu are to be applied fint to interest at the rate aforesaid due monthly upon the principal lurn
01' 10 much thereof all thall from time to time remain unj)4id, and the bal"n('e or ~ach I'n9nt.bly payme1lt Ihall be appli~Q on a~count
0{ principal This note may oe prepalQ at any trme LD wnole or LD part WIthout
pen~w uSJimPnx;.e~~~~t and principal are payable at the office of the payee in the City of Coral Gables, Florida. or
at such other place all the holder hereof may desisoate in writinft, in lawful money of the United States of America. If any
of laid inatalments of intereat &rid principal IhaU not be paid when due then the entire princip.u sum and Hcrued interest tha!I
become due &rid payable at once, at \he option of the legal holdu of this note.
Each maker and endorser waives the right of exemption under the Conatitution and laws of Florida, and "ach maker and
endorser waiv~s demand, protest and notice of maturity, non-payment or protest and all requirement. neceuary to hold each "f
them liable all maken and endofUn_
It is further ..reed that u.ch maker and endorser, jointly and aeveraUy, shall pay aU cosu of collection, includinl a reason-
able attorney'l fee, on failure to pay the principal of thiJ note or any interest thereon at maturity. Thil note and aU I'.lfiU due
Lhereunder ahall bear interest at the r.te of ten (10) per cent, per annum from due date until paid.
It i. further agreed that each maker and endorser jointly and Ie.er.uly hereby consent to any extenliop.s or renewals or
modifications of this note or &rIY part thereof without notice. and each maker and endorser agreel that he will remain liable as
IIIch during any extel\Jion or renewal or modification herfflf until the debt repreJented hereby il fuUy paid.
Thil note it secured by mortga.. upon real property in
be r.onatrued accordinlf to the laws of Florida.
.t.c= ~B C~~~il f~)
By _ Gardner Cowles (SEAL)
President
~
(SEAl.)
(Sl.A1.)
Secretary
(SE.t.L)
By _ -.D..an.- W a H n b f\.r.
I
.... -~.- -- -. ---'-"
NOW THIS INDENTURE WITNESSETH, that the said Mortga!l;or, to better aecure the payment of the princip:u IUIn
Irt o\'t in said promiSlCiry note, and interest thereon, and in con.ideration th~reof, and for other valuable considerations hall
cranted, barr:ained and IOld and by these pr-etenu does gant, barg;.in and sell to aaid Mortgagee and to ill IUC~lIOn and ~igru
forn'Cl', all that ceruin parcel or piece of l.1.nd lying and being in the County of st. Lucie and State of
florida, more pattjcu1ar1y described &I:
Lot 18 in Block 15 of South Port St. Lucie,
Unit " aocordins to ths_ ~lat thereof a8
recorded in Plat Book 12, Page 4 of the
Publio R~cnrd8 of St. Luc~. Oount7, Plorida.
state dooua.nta~
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ets.mp'. ~it1x~~~~' ~~~i;:
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, Florida
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