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LOAN NO.
261286
FL-ORIDA MORTGAGE . ~
i~ THIS INDBNTURE, made this 7~ dap of ~u~gt . A• 19 73
by and between ~gRICAN HOMbS 71ND I~pRT('s~i~GE ~ II~.
of the County of St. Lueie ~ ia the Stzte of Fbrida Mortaagor. and hereina(ter so designated and McCAUCHAN
MORTGAGE COMPANY, INC.. a corporation of t6e State of Florida, haviag its priacipal oEfice in the City of Coral Gables,
State of Florida, Mortgagce, and hereina[ter ~o daignated:
WHEREAS the said Mortgagor is justly indebted to the said Mortgagee in the principal sum of 'IWBN1'Y SSVffi~1
'1~OUS~II~ID I~iINB HtINDrR~ l1ldD NO/100-----------------------------------------------Dolla.s,
as evidenced by a certaia promissory note of even date herewith, the (inal payment o( which is due on FebZ'u8ry 1 ~AC 2Q03
executed by the Mortgagor
and delivered to the Mongagee, copy of w6ich u attached hereto and made a part hereof.
FlX~ MONTHLY PAYMHVT NOTE
= 27,900.00 Pbrt Pierce ~rid~ August 7 19 73
For value reeeived, the undecsigned jointl~ and :everallp po~mise to pa~ to the order oE McCAUGRAN MORTGAGE
CO\iPANY, Il~'C:, a Florida corpocation, the psincipal swn of S~~ '~~~D Dollars ~
F
~ ~~27,900.00 vvich interat tl~ereon frea~ date, payable mont6lr at the nte of 8} pa cent
~ per annum; the interest aad principal oE thia note payable in insulmenq as foUows: ~
a ~
~~;~,;,,g ~~e First d,r ~ I`larch 19 74 the sum of 5211.48 - ~11ars.
and the same aaaunt on the same day of eac6 month thereaftv until the day of ~~an? 1 „~c
2003
whw the balance of t6e principal u due and ps~abla
~ The aforaaid moneblr papmenq an to be applied first to interat at t6e nte aforesaid due monthl~ upon the principal sum
or so much chereof as shall Imm time to time remain unpaid, and the balaate of eub monthl7r papmeat ahall be applied on attouat
of principal.
All insulments of interat and prindpal ue papable at the offite of the psree in the Ciq d Coral Gabin, Florida, or
at such other plue aa tlte 6older hereof mar daigaate in writing. in laMrEul moner of the Uaited Scaca of America. U anr
of said instalmenq of intuat and principal s6all uot be d when due then the entire prinapal sum and ucrued iaterest shall
become due and parab4 at once, at the option of eha l~olda of this eate
Each maker aud rndorser waiva the riaht of exernption under tbe Coastitution and law~ of florids, and each mal~er aad
endoner waiva demand, protest aad aotice of maturiq, noa-paymeat or protest and all reQuiremmq necasary w hold acb of
them liable at makvs and endorsers.
It is furtber aareed tbat each maket and a~doexr~ jointlp and severa[h?, ahall par all cosb of copection~ induding a rcawn-
able attorne~~ tee, on [u7ure to pay thepnnu ot thi~ note or anr intaest thermn at roaturitr. T6ia note and all sums due
thaeunder s6a11 bear intemt at ehe ~te oE tea ~1~0) per cait pa anaum trom due date until paid.
E It is further aareed tl~at each~ maker and endoner jointl~ and uve~aDr herebp consent w an~ acten:iwu or renewab or
s modificatiom of thi~ note or anr part thaeof without aoNce. u?d eac6 maker and endorser asrea t6at he will remain Gable as
~ such during aar e~ctmsion or rme~i?al or modiEicatioa hereof until the debt npre~ented herebr iu fuUr paid.
' Pri~•ilege is given to prepay in fuU after one year from the date of t6e mortaage upon payment oE a sum equai ta 3°1o during
~ the 2nd year• 2'/a5~o during the 3rd year; 2~Xo durina the 4th year; 1%:~Xv durina the 5th year; 1'"io during 6th year to maturity. AU
~ are based on ~the oriainal amount of ~the mortgage.
~ ?his note u secured St. LIICie
br mortgage upon e+eal peopert~ in Fbrida, and this aote i~ to
be construed accordins w the laws of Flonda.
~ AI~RIGIN HOMPS AND -MOR'~GAiGE ~ INC.
~
~ _ ($a,u,) /s/ Willi~ A. Andersen
~ A TR:~ _..~s 'Jk1GItJA! NOTE wrra.rlw A. ~nax~
~ _
• ~ /s/ Verna L. Anderson (S~,)
~
OF FLC)RIDA Vffi~ L• •
M.,z, e k; eo~~ ~17 440
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