HomeMy WebLinkAbout0246 ~rvEO yo s~-aa,z9s
iN P,r,~~,. T,uca .
~ ~ 'C' ~MUNGIBLE Ff. • '
~RSWMr ln C11M'E4 )!•131. ACiS OF 19/LERI~~ .
LOAN NO. roR~ ~ r,,
aFRK CIRCWT OOURT. S1 L11CIE ~ q~ ~ 254320
FL- ORIDA MORTGAGE
THIS INDBNTURB~ made this llth. day of j~(~y . A. D. 19 73
by ana beeween J~~ YOONG 2lna S~1AIDR71 8. YOUNG, his wife
~~h ~ St. I~2C~.@ , in the State of Fiorida Mortgagor, and herri~aiter so designated and McCAUGHAN
MORTGAGS COMPANY, INC., a corporation of the Sute ot Florida. havin~ ib principal ofCce in the City of Coral Gables,
State of Fbrida, Mortgasee, and hereinaf~er so daignated:
WHEREAS the said Mortgagor is justly indebted to t6e said Mortgagee in the principal aum of
'I~i~l'1'Y EIGHT 7!HOUS7IND '11i~ HUNDItBD 11ND N~/100---- Dollus,
as nridenced bq a urtaia promi~wry note of even date herewit6, the Einal pnymrnt of which is due on 1~l81? 1 ?bt 2~Q2
executed by the Mortaagor
and delivered to the Monaageq copp of whic6 is attached hereto and made a part hereof.
' FIXED MONTHLY PAYMENT NOTE
$ 28,200,00 Fort Pierce Florida, May 11 „~g~
For value oeceived, the uadenisned joindp and severally psomi~e to pay to the order of McCAUGHAN MORTCAGE
CObiPANY. II~C., a Florida oorporatioa, the priacipal sum of 'n~~'j'Y 'j'HOUSAND 'It~lO HfJNDRBD
28,200.00 ~terat thereon from date, payable nwnthlr at the nte of 8 ceat
r annum• the iaterest and ru?d oE this note ~
P~ ~ P~ P~ WriWe ia insWments as followi:
Beginning on the 2st• day oE Jusle !9 73 the sum of - 5208.68
and the samc amount on the iame day of each month tlterezfter until the lst. day of MdY p~c 2002
when the b~lance of the priacipai is due and payable.
The aforesaid monthlr payments are to be apptied ~rst to interest at the mte 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 paycnent shall be applied oa account
of principaL
AIl instalments of interat and principal are payable at thr ofFice of the payee in the Citr of Corat Gables, Florida, or
at such othv plae~ as the 6older hereof may desigaate in vrriting~ in lawful money of the Unitcd Statq of America, If aay
of said instalmcnts of interat and principal shaU not be paid whea due tLen t6e enti~e principat sum and accruec! interest shall
become duc and payable at once, at tLe option of the legal hoWu oi this nota -
Each makcr aed endorser waiva the right of exemptioa under the Constitution and laws oE Florida, and each make~ and
endorser waivea demand, protat and notice of maturity, aon-payment or protat and all requuements nxesury to hold each of
them liable as maEers and endorsers.
It is funher agrced tiut eac6 malcer and endorset~ joiatl7r and severally, s6all par all to~u of colltetion. including a reaso~n-
able attorn~y s feq on failure to par the principal of this c~ote or anr interat thaeon at maturiqr. This note aad all sum~ due
thereuader shaYl bear interest at the cate of tea (10) per uat per annum from due date until paid.
It is further agreed that each- mater and mdoner jointy and ~evenllr hereb~ conseat w any extenuocu or nnewat~ or
m~cacions of chu note or u?7r part thereof without notice. and each malcu and endoner agrea that he will remain Gable as
:uch dunng anp extension or renertnl or modification 6ereof uncil the debt rep:esented hereby is fully paid.
This note is seceued bf mo~t3a3~ sspon ral P~P~~7 ~ St_ I.LCie deuntv y, Florida, an~i this note is to
be construed accor~ieg to the ia.+s af F1orid~
(Sa~w) /s/ James t~. Younq (S~)
- James , ounq
(S~.) !s/ sandra B. Youna (S~,)
an ra . oung
M*~
os rowez r prezsay -:~e ~ortgage in whole or in part in the folZowing manner and
~ unc.`ier the `c_'_~,iag ~itions: 2$ first 4 years and 1$ therea~ter. Ail are based
on the prir^=: al a-ao~ of the mortgage. '
NOW THIS INDENTURE WITNESSETH, that t6e said Mortgagor, w better ucure the payment of the principal sum
ut out in said promissory note, and interat thereon, and in comideration thereof; and [or othv valuable considerations, has
granted, bargained and sold and b~ thae presenq does grant, bazgain and xll to said Mortgagee and to its successon and auigns
forever, all that certain parcd or piece oE land lying and being in the County of St. Iueie and State of
Florida, more particularir dacribed as:
Lot 11, Block 31, I.AI~10pD p1~I~C, UNZT pp~ 4, acoordinq to the plat reaorded
thereof in Plat Book 11, page 2 of the Public Reaords of St. Lucie Gbunty, ~
Florida.
S~TB DOC[ANffi~'~RY SRlAMI~S AFFII~ ~ Tt~ ORIGINAL t~10'18 AND GNCS[T,~
TN18 INSTRUMENT PREPARED ov~ Walter E. Dt~Vl$
ABSTRACT & TITLF. CORP OF Fl.A.
' 205 S. ;:ND ST. FORi PIERCE. FLORIDA
goox 214 PACE 246 ,
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