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261052 1~
WAN NO. 2~1~5~
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FLORiDA MORTGAGE ~
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THIS INDE,~ITURE. made this 7th day of Allgtlst , A. D_ 19 73 ~
by and between I~MSRIGN HO~ISS I1ND I~R'l~f's~1G8 ~ INC. • ~
of . the Counq of . in the State of Fbrida Mongagor, and hereinafter so daignated and McCAUGE[AI1i
MORTGAGE COMPANY, 1NC., a corpontion of the State of Florida, having its principal o[fice in the City of Cora! Cables,
State of Florida, Mortgagee, and hereinafter so daignated:
WHEREAS the said Mortgagor is justly indebted to the said Mortgagee in thc principal sum of '1W$NTY SBVffi~1
7'HOL~ND,NINB HUNDRSD AI~ID NO/100-----------------------------------------------Dollars,
as evidenced 6ry a certain pmmissory aote of tven date herewit6, the (inal payment of which is due on P~brl181"T/ 1 l9C20Q3
executed by the Mongagor
and delivered to the Mongagee, copy oi which is attached hereto and made a patt hereof.
FlXED MONTHLY PAYMENT NOTE
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` i~~~•~ ~Y'! ~~~~0! Florida, i~id~!! 7 , 19~- '
For value received, the undenigned jointl~r and severally ptomise to pay w the order oE McCAUGHAN MORTGAGB
COMPANY. INC., a Florida corpontion, the principal sum of ~~M DoUars '
(=j~~~.~_), with interat thereon from date, payable monthly at the nte of ~ per cent.
per annum; the interest and principal of this note payable in instalmenu u foUows:
Beginning on the day of , 19~ the :um of .~li•~ Dollars,
and the same amount on the same day of wch month thereaftv until the ~t day of ~ae~t~, ~.~j
whea the balance of the principal is due and parabla
The aforesaid monthly paymenn are to be applied ~nt to intcrnt at the rate aforesaid due monthly upon the principal sum
or so much thereof as shall from time to time remain unpaid, and the balar?ce of each mont!?ly paymeat shall be applied on account
of pr;ncipal.
~E
All instalmenu of interat and principal are payable at the ofGce of the payee in the Ciq of Coral Gabla, Florida, or _
at :uch other place as the holder hereof may daignate in writing, in lawful money of the United Stata of America. If any
of said instalments of interat and principal shall not be paid when due then the mtire prit?cipal sum and acctued interest shall
become due and payable at once. at the option oE tlie legal 6older of this nota
Each maker and endorser waiva the right of a~emption under the Comtitution and laws of Florida, and tach maker aad
endorxr waives demand, protut and notice of matwity, non-paymeat or protat and all requircments necasary to hold eacL of
them liable as makers and endorsen.
It it further agreed that each mak~r and endoner, jointly and severallq, s6aU pay all cosu ot collection, including a reason-
able attomey's (ee, on failure to pay ehe principal of th's note or anr interat thereon at maturity. T6is note and all :ures due
thereunder sball bear interat at the vte of tm (10) per cen~ per annum fmm due date undl paid.
It is lunher agrecd ehat each~ ma~er and rndorser. jointl7r and severally hveby consent to anr extensions or renewab or
modiGcations of this note or any part thercof Mrithout notice. and each maker and endorser agrees that he wiU rrmain tiable as
ioch during anq actension or reneK~al or modiliution haeof until the debt repruented hereby u fully paid.
Pri~•ilege is given to prepay in [ull after one year trom the date of tbe mortgage upon payment of a sum equal ta 3`yc during
the 2nd year; 2%z7o during the 3rd year; 2~/c during the 4th year; 1%zr/o during the Sth year; 1% during 6th year to maturity. All
are based on the original amount of ~the mortgage.
T6is note u secured by mortgage upon real property in st~ ~L , Fbrida, and tbis note is to
be oonttrued according to the law~ of Fbrida.
~ 1~Qi~ I/C.
~ HEREBY CER?iFY THA~ ~~15 ~5 ~SanL) /s Nilliaa~ A. Arrderaon (S~?i.)
A ~'J~ ~GPY Of 4Rl ~ .
& l1t~E CORPORATION ~S~) /s/ verna L. l~nderson (S~,) .
Of Fl0 i. Y~ L. 1N~~
M.,Z~B~ Q ~~A._~ y'~> ~VYw~7 PIWC~~~S
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