Extra Census Bulletin No. 55

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Increase of 1889 over 1880, 820.20 per cent.
Averages. — The average amount of each mortgage on acres made in the state during the decade was $849; on lots, $955. Each mortgage on acres covered 243 acres on the average; each mortgage on lots covered 2.48 lots; mortgages not stating amount of debt are included in these averages. A debt of $3.50 was placed on each mortgaged acre on the average ; of §384 on each mortgaged lot.
EXISTING INDEBTEDNESS.
Table 2 shows that the existing mortgage debt of
... Florida is $15,505,119, of which $10,629,142, or 68.55 per cent, is on acres and $4,875,977, or 31.45 per cent, is on lots. Of the 20,681 mortgages in force, 14,094, or 68.15 per cent, are on acres and 6,587, or 31.85 per cent, are on lots. Mortgages in force cover 2,329,359 acres and 17,366 lots. Mortgages have an average life of 3.529 years ; on acres, 4.274 years ; on lots, 2.685 years. The partial 3 4 FAEMS, HOMES, AND MORTGAGES.
payments adopted for this state are 7.64 per cent of the face of the existing mortgages on acres; 22.97 per cent on lots ; total, 13.


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