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HomeMy WebLinkAbout2742 ~ / - ~.t..~-~' 260039 LO qN NO. 25913 ~ FLORIDA MORTGAGE THIS INDENTURS, made this 17th day o[ Jllly , p, p_ ~g yg by and betwecn AMERICAN HOlQES AND MORTC,AGE~ INC. oi the County of St. Lucie , in the State of Florida Mortgagor, and hereinafter so daignated and McCAUGHA\ MORTGACE COI~iPANY, INC., a corporation of the State of Florida, having iu principal of(ice in the City ot Coral Gables, State of Fbrida, Mortgagee. and hercinalter so daignated: WHEREAS the said Mortgagor is justly indebted to We said Mortgagee i~ the principal sum of TWENTY NINE THOUSAND TW'O HUNDRED AND NO/100------------------------------------------------ Dollars, as evidenced by a cenain promissory note of even date herewith, the tinal payment of which is due on January 1~ ~B 2003 executed by the Mortgagor ~ and delivead to the Mottgagee, topy of which is attached hereto and made a pan hereof. FIXED MONTHLY PAYMENT NOTE 29.200.00 ybrt li~sv~ ' .1t~Y 17 ~ 7~ , ~ Flo~ida, , 19 , ~ For value recei~ed, the undenigned jointly and severaUy promise to pay to the ordv oi McCAUGHAN MORTGAGE COMPANY, INC., a Florida corporation, the principal sum of `bollan ~~~0•~ with interest thereon from date, payable monthly at the rate of per cmt. per annum; the interat and principal af thu note payable in instalments as follows: . Bcginning on the ~t daq of ~ , l9 74 the sum of ~1'~ Do11an, and the same amount on the same day o[ each month therea[tcr until the day of J~~ wh~n the balance of the principal is due and payable. ~ The aforesaid monthly payments are to be applied first to interest at the rate a[oresaid due neonthly upon the principal suro or so much thereof as shal! from time to time remain unpaid. and the isalance of each monthly payment shaq be applied on account ~ of principal. Ail instalments ot interest and principal are payable at the office of the payee in the City of Coral Gabla, Florida, or i at such other place as the holder hereof may designate in writing, in lawtul money of the United Stata of America. If any ~ of said instalmenu of interest and principal shall not br paid whea due then the entire principal sum and accrued interat shap become due and payable at once, at the option of the Icgal holder of this note Each maker and endorser waiva the right of exemption under the Constitution and laws of Florida, and each maker and endorser waiva demand, protcst and notice of maturity, non-payment or protat and all requirements necasary to hold eac6 of them liable as makers and eadonen. ~ It is further agreed that each maker and endoner, jointlp and severally, shall pay aA costs of collection, including a reason- able attorney's fee, on failure to pay the prinupal oi this note or any interat ther~on at maturity: This note uid aU sums due thereunder shall bear interest at the rate of ten (10) per cent. per annum from due date until paid. It is further agreed that each maker and endonv jointly and severally hrnby consent to any e~ctensions or nnewals or 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 extension or renewal or modification hereof until the debt rcpraented hereby is tuUy paid. Pri~•ilege is gi~-en to prepaq in tufl atter one year (rom the date of thc mortgage upon payment of a sum equal ta 3~Ic during the 2nd year, 2%54 during the 3rd year, 2~f during the 4th year; 1%~!o during the 5th year, 1`7o during 6th year to maturity_ All are based on the original amount of the mortgage. 1'his note u ucured by mortgage upon real property in u to be construed acoord'wg co ehe laws of Fbrida. (SEwt.) (Spwi.) . (SsnL) (Sr.ni.) p-~23 B NO~Y THIS ItiDENTURE WITNESSETH, that the said Mortgagor, to bctter secure the payment oE the principal sum set out in said promi.uory note, and interat thereon, and in consideration thereot, and (or other valuable considerations, has granted, bargained and sold and by these praents does grant, bargain and sell to said Mortgagee and to its succeuon artd assigns forever, all that certain parcd or piece of land lying and being in the County of St. Lt1C2@ and State of Florida, morc particuiarly dacribed as: Lot 30, Block 8, Lakewood Park, Unit No. One, according to the Plat thereof, as recorded in Plat Book_10, Pages 51 and SlA thru S1C, . Public Records of St. Lucie County, Florida. Re-recorded to include note. ??Ils INSfRUMENT TREPAR[D 9Yt ~BI~r $~~Vj,$ • ~j ABSTR/1CT Oc TITLE CORP. OF FLA. ' ~~-n'~ ~fl~X ~~V ~'a~Fi434 ZOd i. 1ND iL FORI PIERCE. ?LaRIDA ~ R 2~s - 27~3 r.t-99 gV~~ ' - c = ~ ° ~ m ~ x ~~,e ~a, _ r.- . _ :s F" a ~