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261291 ~~1Q~0
LOAIY NO.
FL4RIDA MORTGAGE
THIS INDENTURE, made this 7}~ day o[ ~u~gt D•. 19 73 ~
by and between ~IGN ~S ~ I~~
of the County of St. Iueie , in the State of Fbrida Mortgagor. and hereinafter so designated and McCAUGHAI~'
MORTGAGE COMPAIYY, INC., a corporation of the State of Florida, haviag it~ principal otCcc in the City of Coral Gables,
State of Florida, Mortgagee, aad heninafter w daignated:
WHEREAS the said Mortgagor is jusdy indebted to the said Mortgagee in the principal sum of '1TIiffi~1TY SBVI~i
THOt~SArID ]1AID NINS HUNDRSD l~ID N~/100------------------------------------------- Dollan,
as evidenced by a certain promissory note of even date hercwith, the final payment of which is due an P'+BbYL18~ 1 Yf 20p3
executed by the Mortgagor
and delivercd to the Mortgagee, copy of wtuch is attathed hento and made a part hereot.
~ FIXED MONTHLY PAYMENT NOTE ~
~
~ .
;
; ; Z~.900~00 ZOtL r~.~tOS Florida, ~L ~C21~ , 19 ?3 i
.
For value meived, the undersigned jointly and sevcrally promise to pay to the order of McCAUCHAN MORTGAGE
COMPANY, 11\C., a Flarida corporation, the principal sum oE 8E~$~ '~Q(~~ i~~
Z7~9~~~~ with interest thereon from date, papahle monthly at the rate of a 1~4 pu cent.
per annum; the interest and pri~cipal of this note payable in instalments as follows:
Beginning on the Mn~ day of _ 1974 the sum ot s21i.~~ Dollars,
and the same amount on the seme day of each month thercafter until the ~~~t day of T~~~ ZY ~~3
when the balance o[ the principal is due and payable. -
The aforesaid monthly pa~ments are to be appliecl (irst to interest at the rate aforaaid due monthly upon the principal sum
or so much thereof as shatl from time to time remain unpaid, and the batance of taeh monthly payment shall be applied on account
of principal.
All instalmenu of interest and principal are payable at the office of the payee in the Citp of Coral Gables, Florida, or
at such other place as the holder hereof may designate in writing, in tawful money of the United Statea o! America. If any
of said instaiments of interrst and principal shall not be paid when due then the entire principal sum and accrued interest shall
become due and payable at once, at the option of the legal holdtr of this note.
Each maker and endorser waiva the right of exemption under the Constitution and laws of Florida, and each maker and
endorser waives dema~d, protest and notice oi maturity, non-payment or protest and ail reqairements neceuary to ho]d each o(
~hem liable as makers and endorsen. -
It is further agreed that each maker and endorser, jointly and severally, shall pay aU costs of collection, including a reason-
able attorney's fee, on failure to pay the principal of this note or any interest thereon at maturity. This note and all sums due
thereunder shall txar interat at the rate of irn (!0) per cent. per annum from due date until paid.
It is (urther agreed that each maker and endorxr jointly and severally hereby consent to any extensions or renewab or
modifitations of this note or .any part thereof without notice, and each maker and endoner agrees that he will remain liable as
such during any extension or renewal or modification hereof until the debt rcpresented hereby is fully paid.
Pri~•ilege is gi~•en to prepap in full after one y~ear from the date of the mort¢age upon payment of a wm equal ta 3S'c during
the 2nd ycar, 2%i`,~ during the 3rd ycar: 2!: duri~~q the •Ith year; I%zr/c during the Sth ycar; 1~'~ during 6th year to maturity. All
are based on the original anwant of the mortqage.
'Il~is note is secured bq mortgage upon real property in at• L~~ , Florida, and this note is to
be construed ucording W the larn o[ Florida.
vV~ H~~Y c~anFlr TH~?T TM?s ~s ~sEAL~ ~cna eo~s ~n Hosic~sca ~c~~,~ -
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rITLE CORPORqTlUN ~ ~ S!t /s/ Willia~ A. Anderson ~L~
e~ ~sn~n. SEAL
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