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HomeMy WebLinkAbout1670 ~ ' 4 ~ 1 ~Q a~ r~w~t aF~ ' ~eM~ ' ~ i~t~E ~ LOA:v ~O. ~ W f~MPi~ 71•13i. NCii Of If1L~,~. ST-20.503 ~ ~a`wcrt ao, w? '~~`~6~ ~ a~c c+~wrt ; ~ FLORIDA MORTGAGE ' ~ ~ ~ TtiIS 1\DE.~1'TURE, made this 18th. day of Sept~llb@r , r1. D. 19 72 ~ by and b~twecn Harold L. Rhinesmith and Carol R. Rhinesmith, his Wife of the Gounty of ~Cj,e , in the State ot Floricla I1lortgagor, and hereinafter so designatevl and A1cCALG11:~\ A~ORTGACF CO\iPA\1', Il\C., a corpo~ation of the State of Florida, having iu principal oftice in the City of C:orxl Gables, ! State of Florida, 111ortgagee, and hereinafter so daignated: ` ~V~IEREAS thr said Mortgagor is justly indebted to the s:iid ltortgagee in the principal sum o[ EIG~TS8l~1 THWSAND AND NO/100------------------------------------------------ Dollars, as evidertced by a cenain promissory note of e~~en date herewith, the (inal payment of which is duc on October I 19 97~ cxecuted by the Mortgagor and delivered to the Mortgaaee, copy oE which is attached hento and made a pan hereof. FIXED MONTHLY PAYM~IT NOTE = Li~~a ~ Florida, ~ , 19~- For value received, the undenigned jointly and srvenlly promise to pay to the order of McCAUGHAN MORTGAGE COMPANY, INC., a Florida corporatioa, the principal sum of ~ Dollars (j]~~~~r with interest thereoa fwm date. payable monthly at the nte o ent_ per anaum; ehe interest and principal of this note payable in instalmenu as folbws: ~ Dollan, Beginning on the Z~• day of ~ , 19~_ the sum oE and the same amount on the same day of each month therea[ter until the i~• day of ~ „ 19~, when the balance of the principal is due and payable. The aforesaid monthly paymenu an to be applied tint to interat at the rate aforesaid due monthly upon the principal sum or so much thereo( as shall from time to time remain unpaid, and the balance of each monthly payment shall be applied on account of principal. All instalmenu of interest and principal are payable at the ofGte of the payee in the City of Coral Gables, Florida, or at such other place as the holder hereo( may daignate in writing, in lawful money of the United Swtes of America. If any o[ said instalmenu ot interest and principal shall not be paid when due then the entire principal sum and accrued interest shall become due and payable at once, at the option of the legal holder of this nota . Each mater and endorser waives t6e right of exemption under the Constitution and laws of Florida, and eac6 maker and endorser wai~•a demand, protat and notice of maturity, aon-payment or protat and all requiremenn necasary to hold each of them liable as maken and endonen_ It is (urther agreed that each maker and rndorser, jointly and severally, shall par all cosb of collection, including a reason- ~ able attomey's ice, on failure to pay the principal of this note or any interest thereon at maturity. This note and all sums due ; thereunder shall beu interat at the rate of ten (10) per cent. pu annum from due date until paid. ~ ~ It is further agreed that each maker and endorxr jointly and severally hertby consent to any eatensions or renewals or ~ modifications of this note or any part thercof without notice, and each maker and endorser agrea that he wiU remain liable as such during any extension or renewal or modification hereoE until the debt represented hereby is fully paid. Pri~•ilege is gi~•en to prepay in full after one year from the date of the mortgage upon payment of a sum equal ta 3r/e during the 2nd year; 2%z7c during the 3rd year; 2rlc during the 4th ~ear; 1%z% during the Sth year; 17o during 6th year to maturity. All ~ are based on the original amount of the mortgage. This note is secured by mortgage upon real pmperty in Florida, and this note u to be rnnstrued according to the laws ot Florida. ~g~~ /I~ ii1~+M~ L. ~11r~lta (S~,+~.) ~~L 1.. ~r~tt1 ~5~~ /YI/ !¦r~ MMrsttl~ ~s~?L~ y-127 • ' \OW THIS INllE:V'1'Ult~ W111V~JJ~1H, that the sZ~d Mortgsgor, [o ottter secure me payu~rui ut u~c y~uu~Ne~ awu i sct oat in said promissory note, and interest theteon, and in consideration thereof, and for other caluable considerations, has ~ - granted, bargained and sold and by these presents does grant, bargain and sell to said 111ortgagee and to its succeuon and assigns 9 (ore~-er, all that certain parcel or piece o[ land lying and being in the County of St. I~1C16 and State of ~ ~ Florida, more patticularly described as: { ~ ~ Lot 12, Block "P", 1~ItAVILLA ESTATES, according to the plat recorded thereof ~ ~ ~ in Plat Book 8, page ?7 of the Public Records of St. Iucie County, Florida ; ~ ~ ~ ~ ~ STATE DOCU~PI~RY STANQ~S AFFZXED TO THS ORIGINAL NOTE AND C~NC~LIED ~ t ~ ~ ~ , ~ 80ilK ~w PA%t ~~l~ .~99 - - ' ~ 4,i,F u "~S..t. _ ~ i ~ _ ~ ~s~„TM.. :~.t~~'t di c'^`:5='~~..v.k5~'~ .