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. 261Q5S - .
I.QAN NO. ' •
~ 261284 .
FLORIDA MORTGAGE
THtS iNDENTURE, roade ehis 7th day of 1luquet , a. D. l9 73
by and betweca ~S ~ I~•
ot the County o[ St. I~iCig . ia the State o[ Fbrida Mortaagor, and htreinafter so daignated and McCAUCHAN
MORTGAGE COMPANY, INC., a corpontion of the State oE Fbrida, having ib principal office in the City of Coral Cables,
State of Fbrida~ Mortgaaee, and 6ereinaitv so daignated:
WHEREAS t6e said Mort~a6or is justty u?debted to the said Mortgaaee in the principa! sum of
'1~1it[~1Z7C Fbt1R
T~71t~ID TH~ AONDRaD 11t~ID NO/100----------------------------------------------.D°ltus,
u evidenced by a certain p~omiswry note of even date herewith, the [inal paya?rnt of which u due on 1Mbll12lly 1 ~200~
executed br the Mortgagor
and ddivered to the Mort6agee~ copy of which is attached hereto and made a part hereof.
' FIXED MONTHtY PAYMENT NOTE
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' ~ 24 ~ 300 . 00 Fb1't PierCe Florid~, Auqust 7 , 19 73 ,
i
For value receivad, the undersigned joiattp and severall~ poomise to pay w the order of McCAUGHAN MORTGAGE
CO~iPANY, INC., s Florida wrporation, t6e principal sum of ~~T~ THO~D T~~~ Dollan
~a24,300.00 with interat thueon Emm date, payable monthlr at the rate o! per cmt
per annum; the iaterat and princip~l of this note payaWe ia instala~eats as tolbws:
Bcginning on tbe Fi~CSt day of I~reh 19 74 the sum of $184.19 ~1~, ~
and the same amount oa the ume day of each uwntb t}iereafter until the ~ r4t day of p'_~ri~a~ , l~L~~ ~
when the balance o[ the principal is due aud payable. F
The atoresaid monthlr payments ue to be applied first to interest at the rate a[oresaid due monthlr upon the principa[ sum ~
or so much thereof u shall from time to time remain unpaid, and tbe balaace of uch monthly paymmt shaII be applied on account
of principal. -
All instalments of interat and prinapal are payable at the office of the payee in the Citp of Coral Gabla, Florids, or
at such other piace as the holder hereoE may designate in writing, in lawEul monrr oE the United Stata ei America. II anr
oE said instalmenu of intuest and principal shall not be paid wfien due thea the eatin princigal sum and accrued interat shall
becomr due and payabie at once, at the opqon of the legal holdu oE this nota
Earh raaker and endorser waivea the rig6t of acemption uoder the Constitution and larvs of Florida, and each maker and
endorser waives demand~ protat and notice of maturiq, non-payment or pmtest and all requirements neceasary to ho]d each of
them Gable as malcen and endorsers.
It is further agreed that each maker and rndorser~ joindr and stverallr, sha11 pay aU cosb oE collection, including a reason- ~
able attorney's tee, on failure to pay the pzincipal oE this note or anr interat thereon at matwitr. Thu note and aU sums due
thereunder shall bear interat at the r.~te oE ten (10) per cent ger anaum EroQe d~e date unW paid_
It is turther agreed that each maker and endocter joindr ac?d severatl~ htreb~ conseat to anr extensions or renewal~ or
modifiracions of this note or any part thercof without notice, a~d eacb maker and endorser agrces that he will remain liable as
such during any extension or renevral or modifiution hereoE until the debt repreae:?ud hercb~ is tullr paid.
Pri~•ilege u given to prepay in full a(ter one year from the date oE the mortgage upon payment of a sum equal tv 3~'lo du~ing
the 2zd yeat; 2'/•~/o during the 3~d year; 29o during the 4th year; 1 i~i"o during the Sth ycar; l~io during 6th yeac to maturity. All
are ba;ed on the original amount of ~the mortgage.
This note is secured bp mortgage upon real propectp in St. Lt1C~@ Florida, and this note is to
be construcd accordiaa to the law~ of F{orida. ~y~I~N HOMES AN~ MOIt1C's~$ ~ INC. •
iNf H~R~SY CER'TiFY THqT TMg ~
A TQ~,~ , ~ nF nc~~~~~.. (Sr.~.) /s/ Mi2liaa l~. Anderson (Ssws.)
ABSTIZv?:.1 6, i 1 r~E CO ~ WILLI1~li~! A. ANOF.~[ZSON
RPORATl:~N ( ) (Se~r.)
g~, /s/ Vertia L. 1lnderson
' ' i/SRI~1 L. a1.~IDSRSON
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