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HomeMy WebLinkAbout2595 `l~, / 25993~ LOAN Nn. FLORIDA MORTGAGE ~ THIS INDENTURE, made this 25th day ot ~Tlily . A• 19 73 by and between B. KR[J.SY aild JANICS P. Xffi.IrRY~ HIS NZFS . o( the County ot $t. IA1C~@ . in the State oi Florida Mortgago~, and hereinatter so daiqnatec! and I~icCAUGIIAN E MORTGACE COMPANY, INC., a corporation o! the State of Florida, havirtg iu principal ot[ice in the City of Coral Gables, State o( Florida. Mortgagee, aad he~einatter ao daignated: WHEREAS the uid Mortgagor is jwdy~ndebted to the wid Mortgagee in the principal sum ot 'j~II~'1'Y SIX j ~ 'I~IOUSAND AI~ID I~10/100------------------------------------------------------------ Dopars. t as evidenced by a certain promiswry note o[ tven date herewith, the tinal payment of which is due on .htly SlC2~~2 ~ executed by the Mortgagor ~ and delivered to the Mortgasee. copy of which is attached hereto and made a part hereof. ~ ~ FIXED MONTHLY PAYMENT NOTE ~ ~ = K~°a''~ ~ Florida, ~ ; l9 i~ { For value recei~ed, the undersigned jointly and severally promise to pay to the order of McCAUGHAN I?10RTGAGE CObiPA.NY, ING., a Florida corporation, the principal sum of ~a ~~~~11an . ~~0~~~ with interest thereon [rom date, payable monthly at the rate ot ~t per cent. per annum; the int~rest and principal o( this note paYable in instalments as tollows: Beginning on the ~t day of 19 » the sum of Dollars, and the same amount on the same day of cach n:onth thereafter until the day of ~Y ~ ~ when the balance o[ the principal is due and pa~•able_ ~ The aforesaid monthly papments are to be applicd fint to interest at the rate aforesaid due monthiy upon the principal sum or so much thereof as shall from time to time remain unpaid, and the balance ot each monthly payment shal! bt applied on account 3 of principal. ~ ~ All instalments of interest and principal are payable at the office of the pa>ee in the City of Coral Gables, Florida, or = at such other place as the holder hereof inay desiSnate in writing, in lawful money of the L'nited States of America. If any ~ of said instalments o( interest anct principal shall ~ot be paid when due then the entire principal sum and attrued interest shall s become due and payable at once, at the option of the legal holder of this note. ~ Each maker and endorscr waices the right of exemption under the Constitution and laws of Florida, and each maker and s , endorser wai~•es demand, protest and notice of maturity, non-payment or protest and all requirements necessary to hold tach of ~ them liable as makm and cndorurs. ~ i It is turther agreed that each maker and endorser, jointly and severaUy, shall pay all costs o( collection, including a reasan- ~ ! able attorney's fee, on [ailure to pay the principal of this note or any interest thereon at maturity. This note and all sums due k thereunder shall bear interat at the rate of ten (10) per cent. per annum from due date until paid. ~ ~ It is further agrced that each maker and endorser jointly and se~•erally hereby consent to any extensions or ~rnewal~ or r ~ modifications of this note or any part thereof without notice, and each maker and endorser agrees that he will remain liable as ~ ~ such during any e~ctension or renewal or modification hereof until the debt represented hereby is fully paid. ~ Pricilege is giren to prepa~• in full after one year (rom the d:~tc of the mortqaqc upon payment of a sum equal ta 3 c during ~ ~ the 2nd ~ear. 2'/:Sz during the 3rd year, 24: durinq the ~th ycar; 1%r`..~ during the 5th ycar; I!f during 6th ~•car to matunty. All ~ are based on the ori ginal amount ot the mort gaqe. ~ This note is secured by mortgage upon real property in , Florida, and this nott is to ~ ~ be construed according to the laws of Florida ; ~ ~ 1NE HERE8Y CERTIFY THAT TH1S tS ~chard a, xelley ~SEAL~ ~SEAL~ ; t ~ ABSTRACT 8 TITLE CORPORATION • ; c ~AD~_ ~SEAL~ /s~~~i~ P,., _ g~lley ~$EAL) j ~ ~,i ~ ~y-~z~`1 4 ~ ~ t ~ NOW THIS INDE:~ITURE WITNESSETH, that the said Mortgagor, to better secure the pa~ment of the principal sum ~ ~ set out in said promiuory note, and interat thereon, and in consideration thereof, and for other valuable considerations, hu granted, bargained and sold and by these presents does grant, bargain and sell to said Mortgagee and to iu succusars and auigns ~ forever, all that certain parcel or piece of land lying and being in the County oE St. LLiCl@ and State of Florida, more particularly described as: y~ Lot 15, Block 1, IAI~OOD PAItIC LIrTIT NO. EIGHfiB e 48 of as recorded thereof in Plat eook 11, pag ~h the Public Records of St. Lucie aounty, Florida a` . ~3 ~ ~ Equipmsnt specifically included. `~Qr~~1~'~~ ~ y,~- l. Central air and heat. ~ ~ 2 . Ranqe and hood . ~ ~ 3. Water we11 and pump. ~~s~'~' ~ A~~~~~, . 4. R,etaining tank. ~ ~ ~1?~~~-E~~`S r u ~a^' t~'~ ' ~ ?~~.i5 INST~.VME':T P~iE:'.f'Ft) P.Y i1~'nC ~~V ~1} -~C~ ~ • ~ ABSTRACT u T? ~%O~P. OF FLA. ~uv , . f `r ~ ZO6 8. 2ND SL FORL PIERGE. /L+~RIDA i ~ - - , ~ ~ ` ~ `~~'II.. ° . : .