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FLORIDA MORTGAGE
THIS INDENTURE, made ehis 3rc? , day of *;ovea't}:e2' , A. D. 1972
by and betwern W?LLIi~.`•1 A. A~ID~25G~AI ~nd VERI~A ANDF~2SCp, h i s V: z f C
of the County of St. LuCiC , in the State of Flo~ida Mortgagor. and hereinafter w daignated and McCAUCHAt\'
MORTGACE COMPANY, INC., a corporation of the State of florida, having its principal oECce in the City o( Coral Gables,
State of Ftorida, Mortgagee. and hereinafter w daignatcd:
~ WHEREAS the said Mortgagor is jiesdy iadebied to the said Mortgagee in thc principal sum oi
E.T_^,HTY SE~I~•: THO~.'.C.AND Ar!b NO/3C0----------------------------------------------~°llan,
as evidenced by a certain pmmissory note o[ even date henwith, the final payraent of which is due on r!~.reh I 19 9~,
ezecuted by the Mortgagor
and ddivered to the Mort~aaee, copr o[ whicb is attachcd 6erew and made a put herrof. '
RXEO MONTHLY PAYMgVT NOTE
Florida, ~ ~ , 19~-
For value received, tEie undersigned joiatty and severally ptvmise to pay to the ordcr of McCAUGHAN MORTGAGE
COr~~I~, a Florida corporation, the principal sum of
(.f with interest thereon from date, payable monthly at the rate of per cent.
per annum; We interat and principal of this note payable in instalments as follows:
Beginning on the j~~ day of ~ , 19 ~ the sum of ~ Dollar,
and the same amount on the same day of ~ach month thereafter until the day of 19 ~ „
when the balance of the principal is due and payab!e.
The aforesaid monthly payments are to be applicd fint to interut at the rate afor~said due monthly upon the principal sum
or so much thereof as shail from time to time remain unpaid, and the balance of each monthly payment shall be applied on account
of principal.
All instalments o( interest and principal are payable at the ofCct of the payee in the City of Coral Gabla, Florida, or
at such other place as the holder hereof may daignate in writing, in lawful money of the United States of Ameriw. If any
of said instalmenu of interat and principal sha11 not be paid when due then the entire ptincipal sum and accrued interest shall
become due and payable at once, at the option of the lcgal holder of this note,
Each maker and endoner waives the right of exemption under the Constitution and laws of Florida, and each ma4er and
endorser waices demand, protat and notice of maturity. non-payment or protest and all requirements neceuary to hold each of
thrm liable as maken and endorsen.
It is further agreed that each maker and endoner, joindy and severally, shall pay all costa of collection, including a reason-
able attomcy's fee, on [ailure to pay the principal of this note or any interest thereon at maturity. This note and all sums due
thereunder shall bear interat at che rate of ten (10) per cent. per annum from due date until paid.
It is funher agreed that each~ maker and endoner joindy and severally hereby conxnt to any extensions or renewals or
modifications of this note or any part thereof without notice, and each maker and endorser agrea that he wiil remain liable as
such during any extension or reneWal or modification hereof until the debt rcpresented hereby is fully paid.
Pri~•ilege is gicen to prepay in full after one year from the date of the mortgage upon payment o( a sum equal ta 3rlc during
the 2nd year; 2%z7n during the 3rd year; 2C/c during the 4th year; 1%:% during the Sth year; l~lo during 6th year to maturity. All
are Lased on the original amount of ~the mortgage.
, This note is secured by mortgage upon real property in , Florida, and this note is to
be rnnstrued according w the taws of Florida.
(SgwL) ~ ~ ~ (S~L)
(Skwz.) ~ ~ ~ {gani,)
N-12~ •
NOW THTS JNDENTURE WITNESSETH, that the uid Mongasor, to better xcure the payment o( the principal sum
set out in said promissory note, and interest thereon, and in consideration thereof, and tor other valuable considerations, has
granted, bargained and sold and by thex presents does grant, bargain and ull to said Mortgagee and to its successors and assigns
forever, all that cenain parcel or piece oE land lying and being in tht County of . TdIC3P_ and State of
Florida, more particularly described as:
Ir`_ 6, ^lock 1, TROrIC~'1L BEAiCH, acco~di:~g '~o the F.Iut re=orde~' ther~of in P? at
~~eo}: r~go 26. I'+~bli~~ Reco~ds St. Lucie Countl~. Florid~; LFaS part weeded
to at. T.ucie Co~~nty and St. Lt:cie Co~nty Erosion D: stric`_.
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;TA^_'E DOC[J:+SE:~Tl`ARY S"AMPS ?'sFF~`.CFr.J TO TEIF.' ~4IGI^11~L ?~TO'PF AtPJ CA''CEI.L..F.D
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~4116 IN81'RUMENf PRF°ARED PV: '
ABSTRACT & TIT_E CORP. OF FLA
'I 20S S. 2ND ST. FORT PIERGE. FLOR~~A
' ° R 2O? 2856
600K PAGt
; M~99
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