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304
ST-l,7l6
LO."N NO.
ST, LUCIE COUNTT, flA.
FLORIDA
MORTGAGE
nlls INDENTURE, made this 20th day of K~ch ' A, D 1961
by :md betwe~n COWLES P...EAL ESTATE OORPORATION. a lPlorida Corporation
of the County of St. Luci e . in the State of Florida Mortgagor, and htreinafter 10 designated and McC:'I UGH:\N
MORTGAGE COMPANY, I:\C" a (orporation of the State of Florida. havinll; its principal office in the Cit), nf Coral (;;\bl~.
Slatt of Florida, Mongagee, and htreinafter so dtsignattd:
WIIF,REAS tht said Mortgagor is justly indebted !o thl' l.1id Mnrtll:altl'(, in tht' principal ,"m of '
TEN THOUSAND TWO HUNDRED and 00/100- - - - - - - -
Ai evidenced by II certain promillOry note of even date herewith, the Ii ""I payment of which is d'Jt' on
executed by the Mortgagor
and dt'livered to the Mortgagee, cc,Py of which is atu.chtd hereto and mad.. :l pl\l't hereof.
[)oll." .,
April 1, 1981.
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FIXID MON1HI.Y PAYMBfT NOlI
\
, lC,onn.CO _____ J'Drt. pi.W".A, Florida, Ma.na ao 19~
For value recei~, the undenisned j-j,....y Aft.! .- ,-liT ..Eromisl'to pay to the order of McCAUGHAN MORTGAGE
OOMP...NY, INC., a Florida corporation, the principallWD of ~ ~I.~~ IfIrl in~""4 "'-:JJO/loo- · DollAn
(, 1.0,anft.ao ). with intereat thereon from date, p:a~..ble monthly at the rate of ----..bt per cent.
pet' annum; the interest and principal of this note payable in instalments Ai follo",'s:
Besinninlon the 1Jt day of __ ......_, 19~ the lurn of
and the :~me amount o!\ the ..me day of each month thereafter until the - lAI-t. day of
when the ~Iance of the principal i.t due and payable.
76. op Dollars,
AlJril . 19--8l.-,
The afol'CSloid monthly paymenu are to be applied fint to interest at the rate aforesaid due monthly upon the principal lum
or 10 ml!ch thereof Ai shall from time to time remain un~id, and the balance of each monthly payment IhaU be applied on account
of principal. This note may be prepald at any time in whole or in part without
penal~ i~faIJ?e~fP't\L\iWrist and principal are payable at the office of the payee in the City of Coral Gablel, Flor:da, or
at IUch other place as the holder hereof may de,isnate in writin!l, in lawful money of the United States of America. If any
of said instalmenu of interest a."Id prU.cipal shall not be paid '."hen due then the entire principal lum and accrued interelt sha.ll
become due and payable at on.:e, at the option of the legal holder of this note.
Each maker and endoner waives the right of exemption under the Constitution and lAWS of Florida, and each maker and
endorler waiws demand, protest and ootice of maturity, non-payment or protCll and all requir~ments necessary to hold each of
tl.em liable as maken and ~ndorlen,
It is further agreed that e~~h maker and endorser, jointly and aeverally, Ihall pay all COIU of collection, includinl a re&JQn-
able attorney'l fee, on failure to pay the principal of this note or any i.:terell thereon at maturity, Thil note an.:! all IUrns due
thereunder ahall bear interest at the rate of ten (10) per cent. ~r annum from due date until paid.
It il further agr<<d that each maker and endorser jointly and ae..trally hereby consent to any extensions or renewals or
modifications of this note or any part thereof vithout notice. and each maker and endorser agrees that he will remain liable &I
auch during any exterWon or renewal or modi6ution hereof until the debt ~preJented hereby is fully paid.
This ....ote il ~cured by mortga,e upon real property in
be C'.onatrued accordin~ to the laws of Florida.
ft. lltTM ee.a'J .Florida, and thi, note il to
COIUI8 DAL IBtiB COllJlORAfiCll (au,)
(SEAL)
By
By
Gardner Cowles (SEAL)
.President
Don W. Hub~r
(S!.AL)
5ecre tary (SEAL)
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NOW THIS INDENTURE WITNESSETH, that the ..id Mortg~.gcr to better aecure the p4;ment of the principal aum
act out in s.Ud promiwory note, and interest thereon, and in c.oMid~ration thereof, and for other v.uuable conliderations, has
sranted, barpi,:ed and sold and by theae presents does grant, barlain and lell to sa.id Mortgage~ and to its IUCCCllOn ar.d assigns
forever. all that certain parcel or piece of land lying and being in the County of St Lucie and State of
Florida, more particularly delCribed &I: ·
Lot 20 Ln Block 1, of South Port st. Lucie,
Unit 3, according to the Plat thereof as
r0corded in Plat Book 12, pcge 4 of the
Publio Reoorda of St. Lucie County, Plorida.
Re~~'''ed $(..."J (3) I L..f(j in pJyment of taxes ~u.
(0;', 5 "C~anajb~nal Properiy pursuant to
U1ap.fr 20 24. Laws oi Florida, Acts of 1941.
TII.,( CoUtctor, - liicit Co ~r:ida -~ ' .. ~
state. doouaentarJ .tamps affixed ~o the origin:! note and cancelled.
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