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ST-14,997
VA Loan Number 191355
. v,? r~.~,. x~. ~.o.~? ~48~ Fort Pierce, ~`l,p~DA
R~vbed Au~. 196?. l'w optbn~l.
Aectloo 18f0. TIIM ~ l'.8.1'.
An~Mt~t.y~ W R~teti! I~~tbn~l
\torts~ Asocbtlon
. MURTGAGE
~118 MORT(3AQE~ dated the 24th. day d AuBust ~ A. D. 19 71 , by and
bCt~i'feA
Rpbert T. Pennington and Alice Rupp Pennington, his wife
hereinaiter called the Mortgagor~ aad
Southern I~brtgage Associates, Inc. ~ s corporation organised aad exiating under the lsw+e
oi State of Arkansas hereinaiter called the Mortg,agee. }
Wtrtvses~, that fgr valuable consideratione, the said 1ltortgagor doee hereby grant~ bargain, sell, alien~
remise~ release, convey~ assign~ aad confirm unto the said Mortgagee all that certain parcel of land of which the 1
eaid 1liortgagor ia now seir~.ri and posse~ecl and in actual posses~ion, situated in the county d St. Iucie aad
State of Florids~ deecribed as followa:
I.ot S, Block "C' of PONCB De LSON PARK, N0. 2, as recorded in
Plat Book 11, page 23, public records of St. Iucie County,
Florida. .
1he mortgagor covenants and agrees that so long as this mortgage
'"w and said note secured hereby are insured or guaranteed under the
provisions of the Servicemen' s Read justment A~ct, as amended, he
will not execute or file for record any instr~mment which imposes
~ a restriction upon the sale or occupancy of the mortgaged property
on the basis of race, color or creed. Upon any violation of this
undertaking, the mortgagee may, at its option, declare the unpaid
~~~i~~ balance of the debt secured hereby i~ediately due and payable.
~ ~ ~
~ 1fie mortgagor further covenants that should the Veterans Administration
t~ fail or refuse to issue its guaranty of the loan secured by the
~ ~ mortgage under the Provision of the Servicemen's Readjustment A~ct
Q=~ of 1944, in the sum of $12,300.00 within sixty days from the date
of the loan would no~oally became eligible for such guaranty, the
~ W J mortgagee herein may, at its option declare all sums secured by
m this mortgage inmediately due and payable.
~ .
~
~ STATE DOCtJI~NTARY STAMPS AFFIXED TO T~ ORIGINAL NOTE AND CANCEI.LED.
Together w~ith all structures and improvementa now and hereafter on said land, and the rent$, issues, and profits
of the above described property (provided, however, that the Mortgagor shall be entitled to coUect and retain
the said rents, issues, and pro6ts until default hereunder); and all fixtures now or hereafter attached to or used
in connection with the premises herein described and in addition thereto the follo~ing described hougehold appliaaces,
~hich are, and shall be deemed to be, fixtures and a part of the realty, and are a portion of the security for the
indebtedaess herein mentioned:
' - .
(1) COUN'i~R TOP: WESTINGHOUSE lrbdel P L 9
(1) OVEN: WESTINQiOiTSE Model OL 24-6, Serial U 111710
(1) REFRIGERATOR: SEARS COLD SPOT Model 106-6655601
(1) DISFOSAL: WESTINGHOUSE Model 13 G7CX111, Serial JG 1012871
(1) VEATP FAN: Mudel 830631 Serial None
(1) SPRINKLER SYSTEM WITH S,IEI.IrP'[1I~ PERFECTO Model #15, Serial 93471
TO HAVL AND TO AOLD Ltle ttsR18~ to~ether with sll snd singular the tenemente, hereditaments ~nd sppur-
tenances tt,ereunto belor?ging or in, anyw45e sppertmini~~g, and the reversion and rerecsions, remainder or ra
anaindera, and a1~ all Lhe ~tate, nght, t,itle, tnterest, homestead~ dowe~ andrt~ht of dower, eE+pen?te eatste~
poaa~sion, claim and demand w6atecever, sa well in lsw sa in eyuity, of tho said 1lorlgs~oc in and to tbe some
aad every psrt thereof, with the appurtenancee of the said Mortga~or in and to the ssme~ and every p~rt an~
parcel lhereof unto the said :ltortgagee in tee simple.
Walter E, t~avis 6~Z~ ~ ~
Tifi~ INfTRUMENt MCrAP[O ~K
~ ABSTRACT Ec TITLE CORP. OF 'LA
20s s 2N4 iT. IONT riLItCL. /LORIDA