HomeMy WebLinkAbout1487 TN1~ It~uwu~ ~~wwro sr: Walter E. Davis
LOAN NO. AOSTRACT a TiTLE CORP. OR FtJR.
:oa a. :~c ~r. ~o~rr naRC~. ~w~uow ST-17.997
229'745
FLORtDA MQRTGAGE
THIS INDENTURE, inade thu day of 1Kdy , A. D. 19 72
by and between Bobby pgqe Harqett and Jane H. Harqett, his wife
of the Countp of St. ~l1Ci@ , in the State of Fbrida Mortgago~, and hercinatter so desi
gnated aad McCAUGHAN
MORTGAGE COMPANY, INC., a corporation of the State oI Fbrida, havi~g its principal ofGce in the City ot Conl Gabta,
State of Fbrida, Mortgagee, aad hercinatter so daianated:
WHEREAS the said Mottgagoc u jusdy indebted to t6e said Mortgagee in the principal aura of
T(~IIaAfl'Y '1W0 THOUSAPID '!WO HUNDI2FD AND NO/I00--------------------------------------Dollars,
u evidenced bp a ceetain promissorp note o[ even date herewith, the final payment of which i: due on ~ng 1 19 97 ,
cxccuted br the Mortgagor
sad ddiver~d to the l[oct~eq oopp o[ wl~ic6 u atbched bereto snd made a part 6ersoE.
~7~
RXED MONTHLY PAYMEIVT NOTE
~!!•~.M ~Ili[! N~ N~~ i~ ly 7!
For value received, the undenisaed joinelp and :eva~allr promise to Wr t~ the orda oE McCAUGHAN MORTGAGE
COMPANY, INQ, s Fbrida oorporation, the principal wm of 4~.
vrith int~rat t6ereon frona date, WYaWe monthlp at the nte of ~ per cent
per annum; the interat and prinapal of this aote payaWe in insWrneab as Eoqown:
Beginains on the dar of 19 » the amn oE Dollus,
and the ume amount on the same day of each month thereaEur until the da~ af ~ 1g
when the balance of the priacipal is due and payable,
T6e aforesaid monshy pa~mena are w be appl;ed fusc co iaeerac ae che race aforaaid due moachy upon ~he pr;ncipal sua,
or so mucb thereof u shall from time to time remain unpaid~ and the balance of eac6 moathlp paymeat s6all be applied on aocount
of principal.
All iastalmenn of interat and }xinapal are payabk at the oftice ot the pa~ce in the Cit~ of Coral Cabla, Fbrida~ or
at wc6 other place as the holder 6ereof mar d~ate in writing, in 3~wiuS r, i~:;;~~: ~:~e~ A:::.:::r: . If
of said instalmenq of lAtWdt 3D(~ j1tlMtp3l 361I~ OOt b! d when due thw the mtire principal sum and accrued interat shall
become due and parabk at once, at the option of the ~hold~ of this nata ~n
Each maker and eadorser waives the riaht of acanption under the Coasdtutioa and taws of Fbrida. and each maker and
endorxr waiva danand, protat and notice of maturiqr, nw?-paymwt or protat aad alt requ'uemwb nccasary to hold each of
tLem liabk as mal~en and eodorsen.
It i~ further asrecd that each maker and eadorier, joindy aad ~eva+lip. ~6a11 W~ all oosts of collation, includin~ s rcason-
aWe attorary's fee, on ta~'lure to par theprmc~~1 of thii Aote or aa7 intaat tLereoa at msturity. This nou and all sums due
thereund~ shall bear interat at the rate of ten (iti) Per omt pa aanum Emm due date until paid.
It is further asreed that each maker aad wdoner joint}~ and severaD7r hereb~ ooment t~ an~ exteasions or renewals or
modificariom of thi: note or wr put thereof without nodce. and each maker and endoner aarees that he w~71 remain fiable as
such duriaa an~ acten~i~ or reaewal or modificstion hereot until t6e debt repebeated h~eb~ is fulir paid.
Privilege is aiven to pcepay in full alter one year from the date of the mortaaae upon payment of a sum equa) ta 3% during
the 2nd year; 2~/s96 during the Srd year; 2°6 duuing the 4th pear; 1%,96 dw;ng che 5ch rc3r; 1% during 6t6 year to maturiq. All
are based on the oriainal amount of the mort6age.
be oonstrued acaording to tbe l~aws~of Flto
'~°Ada. P~'oP~7 m Florida. and tbis aote is to
.
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M-12i •
NOW THtS INDE.'YTURE WITNESSETH, that the aaid Mortgagor, w better secure the payment of the principal sum
xt out in said promissory note. and interat t6ereoa, and in consideration thereof, and for other valuable considerations, has
grantcd, bargained and wW and by these presents doa grant, bargain and sell to said Mortgagee and to its succason and assigns
torever, all that certain pareel or piece of land lying and being in the County of St . j,i1Ci@ and State ot
Florida, more particularly describcd as:
Lot 8, Block 105, LA1~rtO0D pARK, UNIT 9, according to the Plat thereof
as recorde8 in Plat Book 11, at pages 27A thru 27D, Public Records of
St. Lucie County, Flori.da.
~ State Documentary Stamps affixed to the original note and cancelled
~
~ O NI PJ11f1iEilf OF Tl~
~ GM ~U14S ~C' NITN~IE rER90NAl rROPEAiY,~
8001c~V~ P118~~~~7 ~ ~ ~oootn~r+at~as ~ ~ ~O
6~c cnQanr oaiar. sr. u~aE oo, AI?
M•99
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