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FLORIDA MORTGAGE
T}IIS I~iDEVTURE, made this 3!d day of ~1811dt , A. D. 19 7'Z
by and between ~Z(;~ ~ 1'~ ~~C •
of the Cuunty of $ti. Lucie , in the State ot Ftorida 1ltortgagor, and hcreinafter so designatnl and r1cC:1t:G1I:~\
~iORTGAGE CO:~iP~1Y, I1C., a corporation o[ the State o( Florid~, having its principal o(tice in the City of C:ural Cables,
State ot Florida, biortgagee, and heceina(ter so desig~atcd:
WHEREAS thr said Mortgagor is justly indebtcd to the said ~lortqagee in thc principal sum of
~ ~~1~ Dollan.
as evidenced by a cenain promissory note of e~•en date herewith, thc fin~l pay~nent of which is due on ~tl$tlBt 1 19 97 ,
cxecuted by the 1liortgagor ~
a~d deli~•ered to the Mortqaqee, copy of which is attached hereto and made a part hereof.
FIXED MONTHLY PAYMENT NOTE
~~~~M ~e Florida, ~ ~ , 19~_
_
For value received, the undenigned joindy aad sevenllp pmmise to pay to the order of McCAUGHAN MORTGAGE
COMPANY, INC., a Florida corporacion, the principal sum of ~llan
~.~.r wit6 interest thereon Erom date, payable montWy at the rate of ~ per cent.
per annum; the intcrest and principal of thu note payable in instalments as folbws:
Bogianing on the ~ day of lN~, 19~ the sum of ~ Dollars,
and the same amount on the same day of each month thereaftv until t6e l~ day of ~ 19~
when the balance of the principal is due and payable.
The aforesaid monthly payments are to be applied ~nt to interest at the rate a[oresaid due monthly upon the principal suro
or so much thereof as shall irom time to time remain unpaid, and t6e balance of each monthly payment shall be applied on account
of principal.
All instalments oE interat and principal are payable at the office of the payee in the City of Coral Gabla, Florida, or
at such other place as the holder hereof may daignate in writing, in lawiul money of the United Stata of America_ If any
of said instalmenu of interat and principal shall not be paid whea due then the entire principal sum and accrued interest shall
become due and payable at once, at the option of the lcgal 6older of t4is note
j Each maker and endorser waives the right of exemption under the Constitution and laws of Florida, and each maker and
~ endorser waives demand, protat and notice of maturity. non•payment or protat and all requirements necusary to 6old each of
~ them liable as maken and endonen.
It is turther agre~d that each maker and endotser, jointly and severally, shal) pay all rnsts o( collection, including a reason-
~ able attorney's fee, on failure to pay the principal of this note or an~ interat thereon at maturity. Thu note and all sums due
thereunder shall bear interat at the nte of tm (10) per ceat. per annum from due date until paid.
It u further agreed that eac6 maku and endorser jointlq and xverally hereby ~onsent to any eutensions or rcnewals or
modifications of this note or any part thereof without notice, and each maker and endorser agrea that he wiU remain liable as
such during any extension or renewal or modification heteof until the debt repraented hereby u fully paid.
Pricilege is given to prepay in full after one year from the date ot the mortgage upon papment of a sum equal ta 37c during
the 2nd year; 2%z5e during the 3rd year; 2~lo during the 4th year; 1%:r/e during the 5th year; 1:'~ during 6th year to maturity. All ~
are based on the original amount of the mortgage. ~
This note is secured by mort8a3~ ~P~q P~P~~7 ~ ~M Fbrida, and this note u to
be construed according w the laws~of Florida. `
(S~) ~ )
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XO~~' THIS I\DE\TURE ~VITNESSETH, that the said Mortgagor, to better ucure the payment ot the pnncipal sum i
set out in said promissory note, and interest thereon, and in consideration thereof, and [or other ~•aluable considerations, has
granted, birgained and soid and by these presents does grant, bargain and sell to said Mortgagee and to iu successors and auigns
~ fore~-er, all thzt certain parcel or picce of land lying and being in the County of $t. I.ueie and State of
; Florida, more particularly described as:
~ The East 75.0 feet of and the W st 10.0 feet of ~t 16 of Blo k 20 of Lakew od
Lot 17, Block 20, T.ake~ood Perk,/Unit No. according to the Plat recor~ed ~ark
thereof in PZat Book 10, page 63 aad 64 of the Public Secords of St. Lucie
-County, Florida.
Stste Doaumez?tary S~amps affix,ed to the original note and caacelled.
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