HomeMy WebLinkAbout1443 I
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26ZQ46
LOAN NO.
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FLORIDA MORTGAGE ~
THIS INDEIV'TURE, made this 7}~ day ot ]~ygugt . A. D. 19 y3
by aad becween ~lI~EtIC71Ii HOl~S 11I~1D I'~K11G~G8~ INC.
of the Count~ o( St. I~t1C1@ , in the State oi Fbrida Mortgagor. and hereinafter so designatcd and McCAUGHAN
MORTGACE COMPANY, INC., a corporation of tne State of Florida, having its priacipal otrce in the City of Coral Gabla,
Scate of Fbrida, Mortgagee, and hereinafter so designated: _
WHEREAS the said Mortaagor is justtp indebted to the ~aid Mortgagee in the prinapat sum of ~M ~
'~iOt~ID NI11E H~ I1I+ID 1~0/104-----------------------------------------------nollars,
u evidenced bp a cenain promissory note of even date hernvith, the tinal paymrnt o~ which is due on p1@}~~a~ j ~ 2~p3
exccuted by ehe Mortgagor
aad deGvered to the Mortgagee~ copy oE which is attached hereto and made a part hereof.
FIXED MONTHLY PAYMENT NOTE
~ 11.900.00 ~b~'! ~1~C0~ Florida, ~ 7 , l9 7~ • - -
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For value received, the undersigned joiatlq aad severaltp peotnite to par to the order of McCAUGHAN MORTGAGE
COMPANY, INC., a Florida corpontion, the principal sum of ~~~~~'~"~o~
i
(=Z~~9~•~ with interat thereon from date, payable monthlr at t6e nte of ~ per cwt
pe~ annum; the interat and principal of thi: aote payable in instalments aa folbwi:
Begianing on t6e H~t day of ~r~ „ 19-.~._ the sum af `1~•~ Dollars,
and the same amount on the same day oE each month therea[ter uatil the ~t day of i
whea the balance of the prineipal is due and payabla
1'he aforaaid monthly payments are to be applied Grn to interat at the nte aforesaid due mo~thly upon the principal sum
or w much thereof as shall from tiine to time remain unpaid~ and the balance ot each monlhly payment s6aU be applied on account
of princip~.
All ~nstalmenb of interat and principal are papable at the office of t1~e payee in tbe City of Coral Gabla, Florida, or
at such other place as the holder hereot mar daignate in writing, in lawtul money of the United Stata of America. I[ any
of said instalmenta of int~rut and principal shall not ix paid w6en due thea the entire principal sum and accrued interrst ~hall
become due and payable at once, at the opdon of the legal holder ot this notn ~
Each maker and endoner waiva the riaht of acemption uader t6e Conititution and lawt of Florida, and each maker and
rndorser waives demand, protat and aotice of maturity, aon-paymeat or protat and all requiremmts necessary to 6old each of
them Gable as maken and endorsers.
It is further agreed that ~ach maket aad endorser, joint}y and ieverally, shall pay all coau of collection, induding a reason-
able attomey'~ tee, on failure to pay the principa! of this note or anp interest thereon at maturity. Thi~ note and aU suau due
thereunder s6a11 bear interat at the ~te of ten (10) per cent, per annum from due date unW paid.
It is funher agreed that each- maker and endorser joiatlp and severapy hereb~ content to any extetuions or renewals or
modJcations of thi~ note or anr part thereof without notice, and each maker and rndorser agrea that he will remain liable as
sucb during an~ actension or renertral or modi[ication hereof until the debt npraented henby is fully paid.
Prieilege is given to prepay in (ull after one year from the date o[ the mortgage upon payment of a sum equal ta 3rlo during
the 2nd year; 2%s7o during the 3rd year; 2~1'o during the 4th year; i%:`~o during the Sth year; l~k during 6th year to maturity. Al!
an based on the original amount of ~the mortgage.
This note is secured br mortgage upon real pmpertp in S!• Fbrida, and thia note is to
be construed uoording w the laws of Florida.
111RRT~ l~fs IMC.
WE HER:BY ~ERTIFY THAT TflfS j5 ~S~~ /s~_ Villiu A_ ~nder=en (5~,~
MI~Li:L~N 1?. 111~OM
~?bSTJtACT 8 ~iTLE CORPORATIQN ~S~) !a/ Varna L. Anderaon (S~,) •
Vi~ L• ~
M.,2~, - d R 237 1437
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