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FLORIDA MORTGAGE
THIS INDENTURE, made thu 8th. day of November , A. D. 19 ?2
by and between p~ERICAN HOMES AND MORTGAGE, INC.
of the Counry of St. Lucie . in the State of Florida Mortgagor, and her-:^s~~~~ ~o dcsignated and I?icCAUCNAN
MORTGAGE COl?iPAn! :r, INC., a corporation of the State o[ Florida, having its principa) otGce in the City of Coral Gables,
State of Florida, Mortgagee, and hereinafter ao daignated:
WHEREAS the uid Mortgagor is jmtly iadebted to the said Mortgagee in the principal aum ot
'14+TEN'I'Y FIVE '14i0USAAID SEVEN HUNDRED AND N~/100------------------'--~--~-"------Dollan'~.
as evidenced by a certain promissory note oE e~•en date herewith, the final payment of which is due on Febru82y 1 19 9Q tA
executed by the Mo~tgagor
and delivered to the Mortgagee, copy of which is attached hereto and made a part hereof.
~ FIXED MONTHLY PAYMENT NOTE ~
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_!~•7~O.M ~I1~et M~ ~,~a~ Mrrt • , 19 7! ~
For value received, ehe undenigned joindy and sevenlty pcomise to pay to the order of McCAUGHAN MORTGAGE
COMPANY, INC., a Florida corporation, the principal sum of Dollars
with interat thereon from date, paya6le monthly aE the rate oE ~ per cent.
per annum; the iaterat and nncipal of this note payable in inswlmrnu as follows•
Beginning on the ~ day ot ~ 19 ~ the swm of Dollar
and the same amount on the same day of cach month thereaRer until t6e day of , 19 ~8 `''A
when the balance of the principal is due and payable.
The aforesaid monthly paym~nts are to be applied ~rst to interat at the rate aforaaid due monthly upon the principal sum
or so much thereof as shall from time to time remain unpaid, and the balance of each monthly paytttene shall be applied on account
of principal.
A11 insulments of interat and principal are payable at the office of the payee in the Citq of Coral Gables, Florida, or
at such other place as the holder hereof may daignatt in writing, in lawful money ot the United Stata of America. li any
, of said instalments of interat and principal shall not be paid when due then the entire principal sum and acerued interat shall
become duc and payable at oncc, at the option of tlie fegal holder of this nota
j Bach maker and endorser waives the right of exemption under the Constitution and laws of Florida, and each maker and
~ endorser wai~•es demand, protest and notice o; waturity, non-payment or protat and all cequi~ements neceuary to hoW eacL of
k them liable as maken and endonen.
~ It is iurther agreed that cach maker and endorser, joindy and sevenlly. shall pay all costs o[ collection, including a reason-
~ able attorney's fee, on failure to pay the principal of thit note or any interat thereon at maturit~. This note and all sums due
; th~reunder shall bear interat at the Rdte of ten (10) per cent. ptr annum from due date until paid.
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~ It is further agreed that each maker and endorser joindy and xveraUy hereby consent to any extensions or naewals or
~ modifications of this note or anr part thtreof without notice. and each maker and endorser agrea that he will remain liable as
g such during any e~ctension or reneK+al or modification 6ereo[ unW the debt npresented heceby it fuUy paid.
~ Pri~•ilege is giren to prepay in full after one year (rom the date of the mortgage upon payment ot a sum equal tv 3r/c during
~ the 2nd ~car; 2%z`,''c during the 3rd year, 2r/r during the 4th year; l~r/o during the Sth year; 1~/n during 6th year to maturity. Al!
~ are based on the original amount of ~the mortgage.
~ This note u secured by mortgage upon real property in , Fbrida, and this note is to r
~ be construed according to the laws of Flonda. ~ `
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~ ti0~~' THIS I.VDE:v'TURE WITi~1ESSETH, that the said Mortgagor, to better secure the payment of the principal sum
set out in said promissory note, and interut theteon, and in consideration thereof, and for othv valuable considerations, has
sranted, bargained and sold and by thae presents does grant, bargain and se11 to said Mortgagee and to its successors and assigns
' [ore~•er, a11 that certain parcd or piece of land lying and being in the County of St. Lt3C~.E' and State of .
Florida, more particularly described as:
~ Lot 13, Block 167, IAKEwOOD PARK, UNIT 1?A, according to the plat recorded in
Plat Book 11, pages 35 thru 37 of the Fublic Reoords of St. Lucie Cbunty, Florida
THI5 MORTGAGE IS BEZNG RE-RF7(-'ORDID 1~0 SHOW ~RRHC-'T FINAL PAYMEi~ UATE ~
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