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FL~RIDA MORTGACE ~,.~~,e~
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'i'HIS ItvDBNTUIte, made eha 27th ~r ~ February . A. D. ~9 76
br and betwoen C. BUGSNB EOHARDS
oE the Countp at St. LuCie . ir? tLe Sace o[ Florida I~Iorcaa~. aad hcreirufar ~o daianaeed and Mc(:'~UGHAN
MORTGAGS COI~PANY, INC., s corpontion at t6e Sate ot Fbsida, haviaa in priacipal office ia ehe City ot Coral Gabla. ~
Sate a[ Fbcids. ltoct~asee, and Sereuutea a daianaced: -
WHBRBAS the raid l[ortsa~or is j~ntl~ iadebted to the said Mort6aaee in the principa! ~um o[
TNLNPY THREE THOUSAND SIX HUNDRBD FIFTY and OQ/100----
as evidaiced b~ a esrtain promirory aote of even date berewith. the (in ~W7ment ot w6ich is due ou .MSrCh 1~ NA ?.~06
eucuted br the Moctaa~or
and ddivered b die 1t~o~ee, oop~r d wl~ic~ i~ aqa~ed Lecew aad made s part he~rot.
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FIXED MONTHLY PAYMENT NOTE
= 2~~, 650. 00 Fort Pierce February 27 ~ t9 76 _
For value received, the underai~tned jointly and sevenUp promise to par to the order o( McCAUGHAN MORTGAGE
COI?iPANY, INC., a Florida corpo~ation, the principai :um otTWENTY THREE THOUSAND SIX HUNDRED FIF~~~d 00/100
23, 650. 00 with interest thcrcon irom date, payable moo~hlr ae ~he raie ot Eight and One Ha~ nnt.
pu annum; the interat and principal of this note payabte in instalmenu u folbws:
Beginning on the FI~T dar of ~Pril , 19 76 the :um of $181.85 po~~ars.
and the same amount on the same day oE each month therea(ter until tl:t FIRST dar o( March ~~}C 20~
when the balance o( the principal is due and payabie. . '
The aforesaid monthly payments are to be applicd fint to interest at the rate aforesaid due monthlv upon the principal sum
or so much thereo[ u shall (rom time to time remain unpaid, and the balance ot each monthly payment shall be applied on acrnunt
of principaL . . -
Al) instalmenb of interest and principal are payable at the of(ice of the payee in the Citr of Cora1 Gables. Florida, or
at :uch othet place as the holder hereof mar designate in writing, in law(ul money ot the United Stata of America. ]t anr
of said inswlmeots of interest and principal shall ~ot be paid wh~n due then the entire principal :um and acerued inte~at shall
become due and payable at.once, at the.option of the lesal holder of this note.
Each maker and endorser wai~a the right of ezemption under the Constitution and laws oi Fbrida, and ~ach maker and -
endorse~ waiva demand, protest and notice of maturity, noa-paymeat or protat and all require:nents necusary to hoW each ot _
them liable u maken and endorxn.
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i It is furthe~ agrecd that- each mater and endorxr, jointl~ and severallq~ shall paj aU cosb ot collation, including a reason-
t able attorney s fee. on tailure to par the principal of this note o~ anr inter~t thereon at maturitp. Ttti~ note and aU s~uns due
~ thueunder shall bear interat at the nte ot ten •(10) per cent per annum trom due date until paid. ~
' It is turth~r agreed that wch maker and endoner jointl~ and sevenllr herebp consent to an~ estenrions or renewah or
~ raodifications of this note or anr part thereof without notice, and each maker and endoner agrees that he wiU remain liable aa
! ~uch during an~ actension or renewal or moditication hereoE until the debt represented hereby is fully paid.
Pri~•ilege is given to prepay in [ull after one year (rom the date of the mortgage upon payment of a sum equal ta 35i during
the 2nd pear; 2%z5'c during the 3rd .r•ear; 27o durinq the 4th year; 1%:~le during ihe Sth ycar; 1'yo during 6th year to maturity_ All
are based on the original amount of the mortgage_ . -
'rh~s ~oce u~~~a by Rw<<aaa~ upon real ptoperqr m St. LuCie Fbrida, and this note is to
~~~~x~~~C.~~:'i'1~ ~ rida.
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A TRtI~ C::~~r ti=~ ~:;+u:z ~~i NvTE ~s~?L~ /8/c. EUGENE EDWARDS ~s~?L~
~ • '.r~v;.A7~ C. EUGENE EDWARDS ~ .
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~ NOW THIS INDBPT!'[l~E Wt11Y8SSETN, e6at tie aid ~[octp~or,'eu better soeure e1~e paymmt d the prmcipal sum
at oat ia ~id p~oaiwoqr note. aod iotere~t tieeeoa, sad ler~t: and Eor os6er valusbk oomideratioa~„ has
Panted. barPined wd wW aad by t6en preaeb doM Rant, bar~ais aod sdl b aid i[at~aset tad 6o iq a~oce~ors aod ati~
~ toetiver. a13 ehac cewin parod or pi«e ot laod t~ins and ban~ iA tbe Coaae~r d St . Lucie and sau. of
~ Fbrida~ more particularlp dacribed at:
~ LiBE O'~RS ; i (p(~r ~lo '
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Lot 19, Block 7, LAKEWOOD PARK, UNIT N0. 1, according to the plat
thereof, as recorded in Plat Book 10, pages 51, S1A through 51C,
,
of the Public Records of St. Lueie County, FZorida.
~ STATE DOCUMENTARY STA1~S AFFIXED TO THE ORIGINAL NQTE AND CANCELLED.
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