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FLORIDA MORTGAGE ~
T1IIS INDENTURE, made this 7th cay o( D@CelubeY , A. O. 1970
by and be~wee~ FRAI~IS J. RYAN ~ted CATI~RINB G. RY~N. hi8 ~tife, .
o( the Gountr of St. LLICl@ , in the State o( Florida Mortgagor, and hereinafter w designatecl and McCAUGIIAN ~
~iORTGACE COIIIPANY. 1NC., a corporation ot the State o( Florida, having iis principal o([ice in thc City o( Coral Cables. ~
State o( Florida, Mo~tgagee, and he~einafter w daignated: • i
WHBR&~S thr said Mo~tgagor is jmtly indebted to the said Mortgagce in thc p~incipal sum ot ~
TNENPY~FOURTHOUSAADand00/100---------------------- Dollars,
as evidenced br a cenai~ pmmiswry note of evcn date herewith, the (inal payment o( which is due on D@Ce1RbE:r 1St ~19 95,
executed br the Mortgago~ `
~ and delieercd to the Mortsagee. copy of. which is attached hereto and made a pa~t hereoE. .
~ FlXED MONTHLY PAYMENT NOTE
,
= u~~~~ l~MS Florid~. M~i 7. ~ 19~- ~
For value received. ebe underai~cd jou?elp and uveralhi promi~e to pay to ebe order ot ~IcCAU(3HAN MORTGAGE
COMPANY, INC.. a Florida corpontion~ the prinapal ~um of r~ ~•~u~
m with interat thereou twm date, payable monthly at ehe rate of ~M per cent.
per annum; tbe interat and principtl of thit note payaWe in instalments as tollov~n:
Besinnins on the ~ dar ot ~ , 19.~_ the sum of +~~M Dollan.
and the same amount on the ume day oF each meat6 shereaftu uaW t}ee 3~ dar af r~ , 19~_,
wl~en tl~e balance of the principal 'u due aad payable.
The aforaaid monthlr paymenb are to be applied Gnt to inte~at at the nte atoraaid due aanthly upon the principa) sum
or :o mucA t6ereof as thaU trom time to time ranain unpaid, and ehe balance ot each monthly paycneat shall be applied on account
of principaL
All instalmena of interot and principal are payabk at the o(fice of the payee in t6e Cit7r of Coral Gables, Florida, or
at tucA other place as the holder hereof ma daisnate ia writina. in lawlul monep of the United Stata ot America. Ii anr
of ~aid inst~mtnts of interat and principa! ~all aot be d whm due then the entire pf1RCIpiI sum and ucrued interot ahall
m
become due asd payaWe at once. at the option oI tLe l~oldu o[ t!w nota
Each msku and rndorser waiva the ria6t of exemptioa unde~ the Constitution and lawr of Florida, and each mal~er and
endor~er waiva demand. protat and notice o[ maturity, ~wn•paymeat or protat and. aU requiremrnts aecaury to 6oW each of
them Gable a~ makers and endorsers.
It u further asreed that each maker and eadorser, joindr and tevertUr. sbaU pa~ aU coata of coUection~ including a reason-
j able attornry's fee, on (ailure to par the principal d thi~ note or anr interat thereoa at matwit~. Thi~ note aad all swas due ~
't thenunder s6all bear interest st the rate of ten (10) per omt per anaum from due date uatil paid.
It u turther asreed that eac6 maker and endoner joiatl~ and ,evennr herebp coment to anr acten:iom or renewals or
` modificatioas of this note or an7r part thereof without noticq and each maker and endoner aarea that he wiU remain liable as
~ nrch durina an~ e~ctension or reaewal or modification hereo[ until the debt repreaented 6ereby is fullp M~
~ : . ,
~ original amount of ehe mortga6e.
~ ~Lu note u xcured br mortaase apon ral propert~ ia , Florida, aad this note is to
be cauwsd acoordina co tLe laws of Fbcida
(S~) /I~/ l~i~ ~~11 (Sswz.)
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N.12~ •
10W THIS I1DE;~ITURE WITNFSSETH, that the said Mortgagor, to better secure the payment of the principal :um
~ set out in said pmmissory note, aad interut tAereon, and in considention thereof, and tor other valuable considerations, has _
rt granted, bargained and sold and by thae presen;s does grant, bugain and sell to said Mortgagee and to itt succeuon and assigns ~
~ forecer, all that certain pucd or piece oE land lying and being in t6e County of St. L11Cle and SWte of
' Fbrida, more particularl~ dacribcd as:
~
~ Lot 17, Block 6 of SOUrH PORT SP. LUCIS, [TNIT OAII:,
~ according to the Plat thereof as recorded in Plat
~ Book 12 , at Pages 1& 2 of the Public Iaecords of
~ St. Lucie ~unty, Florida. ~
~
~ ~
~ ' State documentary stamps affixed to the oriqinal note and cancelled.
~
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~ Bi,GK189 ~~A~E i~
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