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FLORIDA MORTGAGE
TfilS I\DE~ITURE, made this j9t?1, day o[ D@C~Y' 19 72
by and bctween !?MSRICI~N HOMES AND NqR'1~C'a~?GE ~ INC.
uf the County of St. Lucie , in the State o( Florida ~tortgagor, and herein~fter so desiQ~ated and \tcC:~l.'C,l{.\\
~10RTGAGE CO\tPA11', I:~C., a corporation of the State of Florida, ha~•ing its principal oflice in the City of Coral Gablcs, -
State of Florida, 1lfortgagte, and hereinatter so designated: ~
WHEREAS thr said rio~tgagor is justly indebted to the said !1lortcagee in the princip~l sum of
ZWEATl'Y 1dIN8 THO[xS1~ND '!WO HLJNDRF.fl AND NO/100----------------------------------- Dollan, ~
as evidenced by a certain promissory nnte of even date herewith, the tinal payment of which is due on j~~/ 1 19 98 , ;
c<ecuted by the blortgagor
and deli~~ered to the Mortqa¢~e, cop~ of which is attached hereto aiid ~uade a nirt h~r~nf
FIXED MONTHIY PAYMENT NOTE
a
s 29, 2~0.00 F~rt Pierce Fl~rida, Decemoer 19 tg 72
For ~•a:uz received, t5e uadrrtigned jointly and sevcrally pmmise to pay to the orde~ of ~icCAUGHA~i tiORTGAGE
CO~iP.a\Y, I\C., a Flori~+a corporation, the principal sum of T.~1F.~~t1'Y NLIE THOUSAND TAO HLi~IDR.~~O_Opollan
~S 29,200.00 with int-r~st thereon from date. payabte monthly at the rate of eight per cent. ~
per annum; the inte~est and principal of.this note payable in instalments as follows: ;
Beginning on the 1St. day of '7~e 19 73 the sum oE $225•42 Dollars, ~
and the same amount on the same day of each month thereafter until the 1St. aay of ~''~ay , 19 98
w4en the bal~nce of the principal is due and papable.
Thr zforesaid monthly payments are to be applied first to interest at the rate aforesaid du~ monthly upon the principal sum
or so much thrreof as shall from time to time remain unpaid, aad the balance of each monthly pay~:nent shall be applied on account
of principal.
a!1 instal:nents oE intere~t and principal are payable at the oFfice of the payee in the Ciry of Coral Gables. Florids, or
at such octi?r piace as the holder hereof may d~signate in writing, in lawful money of the L'nited S:ates of America. If any
of said i^stalrnrnts of interest ~nd principal shall not be paid when due then the entire principal sum and accrued interest shall
bccome duc and payable at once, at the option of the legal holder of this not~. .
F.ach mik-r and endoner waivh the right of eaemption under the Constitution and iaw~ of Florida, and each maker and
endorser wai~ a der.~and, protcst and notice of maturity. non-payment or protat and all requirements necessary to hold each of
them liable as ma4ets and endorsen.
It is further agreed that each maker and ertdoner, jointly and severally~ shall pay all costa of coflection. incIudin¢ a reason-
ab1- atto-ne;'s fre, on failure to psy the principal of thi~ note or any entetest thereon at maturity_ This note and ail sums due
t?:ereunder shall bear interest at the rate of ten (10) per cent. per annum lrom due date until paid.
~ .
i! is further agreed that each maicer and endorxr jointlq and severslly henby consent to ~ny extensions or renewats er
mociifications o` this note or any part the~eof without notice, and each m~ker and endorser a3r~es tnat he will remsin liable as
F s~2ch duri~g aay extension oi rcna~'val or modification hereof until the debt represented hrreby is fully paid.
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; This note is secured br mortg~ge upon real property in T»~`~P , Florida~ and this note is to
f be coastr~ed according to the laws oE Florida. p,MERIC~i HOMFS AND t".ORTGAGE, INC.
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~ ~
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~ _~SEAL~ /s ~,]~~~am A. Anderson (S~.~L)
;~~iam~r~nders~n, Presi ent
~ ~
r ~S~L~ /s/ verna L. Anderson ~5~.~?L)
~ Eerrower may preoay .e mortgag in whole Verna L. lnderson, S~c'y & Treas. !
~ „q~y~in part in the following manner and under the ~
~ following conditions; 2$ first 4 years, 1$ thereafter. All are based on the original
~ air.oun~ of the r:~rtgage.
~ ~0~~' TNIS I\DE\TURE ~tiIT\ESSETH, that the said Mortqagor, to bctter secure thc pa}~ment of the principal sum
srt out in said promiuory note, and int~rest thereon, and in consider~tion thereof, and Eor other ~-aluable consider:?tions, has
cranted, b~r¢ained and wld and by these presents does grant, bargain and scll to s~id ~tortgagee and to its successors and assigns
- fore~•er, all that certain parcel or piece of land lying and being in the County of St. LLiCl@ and State o(
" Florida, morc particularly describcd as:
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_
` I,at 1~, BUck 19, L~KEWOOD P1~RK? UN1IT NO• 3, acc~rding to the plat
- rec~rded thereof in Plat HMk 10, pages 63 and 6d of the Public R~eeords
of St. Iucie deunty, Fl~rida. , =
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