HomeMy WebLinkAbout2573 RECEIYED t-~_..LlL~! tN MYMOR p~ T~Xp c,
OuE 011 CtAS4'C' ~y`++~^iB~.F PF~ts~tiAl PROREAn,
PURSIiI1NT ~0 pW*~ER 71•131~ ACfS Of 1971. JltC `
~E~ 1~ITW?S~ qltt Okwlt GwL i~ WaM C0. Fb~
ST-17,391
1.0A:~ 1U.
- - I
FLORIDA MORTGAGE ~
TF{IS I\DE~1'I'URE, made this 21St. day of rsarch , A. D. 19 7z
by and bctween AMERICAN HO~IIa.S AND MOFM'GAGE~ INC.
o[ the County of $t~ j~Cle , in the State o( Flo~ida ~Sortgago~, and hereina(tcr so designated and A1cC:~L'C!{:l\
~tORTGACE CO\iP:l\Y, IKC., a carporation of the State ot Florida, h~~•ing iu princip~l of(ice in the City of Goral Gablrs,
State o! Florida, Mortgagee, and hereinafter so designatcd:
~~'HEREAS thr said Mortgagor is justly indebtcd to the s.~id ~tortgagee in thc principal wm o( NINEI'b'fi~T
THOUSAPID EIGHT HUND~I2~ AND NO/100----------------------------------------------- Dollan,
as evidenced by a certain promissory note ot e~~en date herewith, the fin~l payment of which is due on ~3Ylj j 1997 ,
exetuted by the Mortgagor
and deli~•ered to the Iliortgagee, copy of which is attached hereto and ~iiade a part hereof.
.''~7~~
_ _ - - FlXED MOMHLY PAYMENT NOTE. . ~ . . _ ~ Y ~ .
~ b~~~ ~t ~ Florida, ~ ~ 19 ~
For value raeived, the underaigned jointlp and uvvalhr promise to pa~ to the ordtr of McCAUGHAN MORTGAGE
CO3M'P~ INC., a Florida corpontion, the principal sum ~
with interat thereoa from date, payable awnthl7 at the nte ot per cmt.
per aanum; tbe interest and principal of this note payable in icutaLnents as tolbws:
Beginning on the day of , 19~_ the sum of Dollin,
and the same amount on the ~ame day of each month thereaiter until the ~ da~ oE 1~
when the balaace of the principal u due and payable.
The aforaaid monthlr payments ue to be applied Grst to interest at the rate aforesaid duc monthly upon the principal sum
or so much thereof as i6a11 from time to time nmain unpaid, and the balance ot each awnthly payment shall lx applied on aceount
o[ principal.
AU instalments o[ iaterat and principal are payable at the of6ce of t6e payee ia the Citp of Coral Gabla. Florida, or
at such other place as the holder hereof may daigaate in writins, in lawtul money of the United Stata of America. If any
of said instalments of interat and princ~pal shall not be paid when due thw the entire prinapal sum and xcrued interat shall
become due wd payable at oace, at the optwn oE t6e kgat 6oldu of this aota
Each maker and rndorser waiva the rig6t of e:emption under the Comtitution and laws of Fbrida, and each maker and
eadoner waiva demand, protat and notice of maturity, twn-paymeat or protest and all requirements nccessary to twid each of
them liable as makua and ondorsen. -
It is further agreed that each maker aad endoner, jointi~ aod trverallr, ahall par all cosa of rnlfectioa, inciudina a reason-
abla attomey'i fee. on [ailure w par the principa! ot thi~ note or an~ mterest tLereon at maturitq. This aote aad all suma due
thereunder shall bear intemt at tLe nte of ten (10) per cent. pa annum from due date until paid.
It u further asreed that eac6 maker and endoner jointlp and xverally hereb~ conseat to anr eztauiom or renewals or
modificatioas oE this note or an~ put thereof without notice. and each maker and endoner agrecs that he wiU remain liable as
such during any extension or renewal or modifiution hereof ~u?til the debt represented herebr is fully paid,
Pri~~lege u given to prepay in full after one year from the date of the mortgage upon payment of a sum equal ta 3°k during
the 2nd year; 2%:`''!o during the 3rd yeu; 2`yo during the 4th year; 1%z% during the Sth rear; I% during 6th yeu to maturity, All
are based on ihe original amount of the mortgage_ ~
T'his note is sec~ued bp mongage upon real propert~ in Florida, and tbis note is to
be construed according to t6e law~ of Flonda.
' (Srr?t.) ~1/ ~~i~ ii~li~1~~ ~
~L3ii~ l~¦e~¦w~. ~e~ii~r!
~ (sani.) /~l/ ~ ~e~. ~
~ .
M-~23 B
\011' THIS ItiDE~iTL;RE K'ITi`ESSETH, that the said Mortgagor, to betta secure the payment of the principal sum.
set out in said promissory note, and interest thereon, and in consideration thereof, and tor other ~•aluable considerations, has
granted, barqained and soid and by these presents does grant, bargain and seli to said Aiortgagee and to its successors and assigns
fore~•er, all that certain parcel or piett of land lying and being in the County oE and State of
Florida, more patticularly described as:
Lot 17, Block 1, RIVER PARK, UNIT 2, according to the plat thexeof recorded
in Plat Book I0, page 72 of the Public Records of St. Lucie County, Florida.
State Documentary Stamps affixed to the orzginal note and cancelled
'•1.99
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