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4E ON aAft ~C NtrAN61~1E r•~ ~.;,~,Y ?~n,
~IMMT TO t~lAr1ER 71J3R AG~ Of 1W1.
LOAN NO. t~ Y~T ~IQ, i~ 1~E FZA / :
26441~ ~
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FLORIDA MORTGAGE ;
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TtlIS INDENTURE, made this 29th day o[ AUgt18t , A. D. 1973 ~
by and between FRANK D. BROSiN Snd SUZANNB BRU~WN, his wife ~
of the County ot St. Lucie , ia the State o[ Fbrida Mo~tgagor, and hrreinafter ~o desig~atccl and I~icCAUGHAN ~
MORTGAGE C011iPANY. INC., a corporation ot the State of Florida, having ib principal ottice in the (:ity o[ Coral Gabies, ;
State of Florida, Mortgagee, and hereinalter so daignated; ?
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' WHEREAS the uid Mortgagor is justly indebtcd to the said Mortgagee in the principal ium of T41F.N1'Y-FIVS j
THOUSAND,SIRHNNDRBDANDNO/100---- `
~ Dollan, ~
as evidenced by a certain promissory aote of even date herewith, the (inal payment ot which ii due onS~tp,plb@r 1~ g~ 2~3
executed by the Mortgagor 3
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an el~vrred to the Mortgagee, copy of which is attached hereto and made a put hereof. ~
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FIXED MONTHLY PAYMENT NOTE
~s00---- .-~~~ww~-- Florida, , 1~_ #
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For value meived, the undcnigned jointly and xverally promiu to paq to the order of McCAUCHAN MORTGAC$
COMPANY, INC.~ a Florida corporation, the principal sum of
(~~Q„~S with interat thereon irom datq payable monthly at tLe rate of r,i~4 per cmt.
per annum;-tbe inte~at and p~incipal af this note payable in instalments as folbws:
Beginning on the day of , 19~_ the sum of Dollan,
and the same amount on the same day oE tach month therea[ter until the day of ~
when the balance of the principal is due and payable.
The aforesaid mo~thiy payments are to be appiied first to interest at the rate aforesaid due monthly upon the principal sum j
or so much thereof as shall f~om time to time remain unpaid, and the balance of each monthly payment shall be aPplied on account
of princ;pal. -
All instalments of interest arid principal are Fayable at the of6ce of the payee in the City of Coral Cabies, Florida, or
at such other piace as the holder hereof may designate in writing, in lawful money of the United States of America. If any
of said instalments of interest and principal shall not be paid when due then the entire principal sum and accrued interest shall
lxcome due and payabie at once, at tho option o[ the Icgal holder o( this notG
Each maker and endorser waive~ the right of exemption under the Constitution and laws of Florida, and each maker and
endorser wai~•es demand, protest and notice ot maturity, non-payment or protat and all requiremena necessary to hold cach of
them liable as makers and endorxn.
It is further agreed that each maker and endorser, jointly and severally. shall par all cosu of coIlection, including a reason-
abte attorney's fee, on failure to pay the principal of this note or any interest thereon at maturity. Thu note and all sums due
thereunder shall bzar interat at the rate of ten (10) per cent. per annum Irom due date until paid,
It u further agreed that each maker and endontr joindy and uveraily hereby consent to any extensions or renewals or
modifications of this note or any part thereo[ without notice, and each maker and endorser agrees that hc will remain liable as 1~
suc2r during any extension or renewal or modification hereof uncil the debt ropresented hereby is tully paid.
Pria•ilege is. gi~~en to prepay in fuU after one year from the date o[ the mortgage upon payment of a sum equal ta 37c during ~
the 2nd year; 2'/s~i during the 3r~ year, 2 io during the 4th year; 1%x~lc during the 5th year; 1',z during 6th year tu maturity. All '
are based on the original amount of the mortgage. ~ ~
This note is secured by mortgage upon real property in , Florida, and this note is to e
be consuued according to t~e laws of Florida.
~ ~ /s/ Frank D. Brown SewL i
SEwL ~ ~ ~
' A TRUE COPY OF ORIGINAL NOTE 1'r~t D. Ssrw
(gg„Lj /s/ Suzanne Bro~m ~g~,~
i OF FLO A. ) ~ s='~
M-~23 B ~ ~~t
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BY ~ ~
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:\OW THIS INDEI~ITURE WITNESSETH that the said Mort a ot to better secure the ~
, 8 S , payment of thc principal sum ~
ut out in said promiuory note, and interest thereon, and in consideration thercot, and (or other valuable considerations, has
granted, bargained and sold and by thae prexnts doa grant, bargain and sell to said Mortgagee and to its successon and auigns
forever, all that certain parcei or piece of land lying and be~ing in the County oE $t. yueie and State of
Florida, more particularly described as:
Lot 13, Block 46, I.AKA'~i00D PARR tJNIT N0. FIVE, according to the plat
, thereof as recorded in Plat Book 11, page S of the Public Records of ~
St. Lucie County, Florida. ;
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IN41'RUMENT PRFPARED ev~ Walter E;Davis ;
ABSTRACT & TI~L~ CORP. OF FLA. BGRI~~~j/ PbGE ~S ~
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20b S. 2NQ Sji FOf~I PItRGE. FLDAIDA ;
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