HomeMy WebLinkAbout2497 ~ ~.,A~l :1~1.1 •
~~a i~u~a+T ~srw~`E~OR~ 01~ RLI?. DasT'18.OOS
.M.~ ,H,... c~.a?ss~cr s Tm. vA Loan ~04774
R~rMd A 1t1?. UM eptls~p~ !NO R. FOI~ M~11C~. ILAII~DA F~~DA
X~~itioebtlei. x Ntt~~
MQRTGAGE ~
~ia Mo~rw?os~ dst~ed ths 17th. ~q at MaY , A. D. 19 7?, by aad
~~R Charles M. Balter, Jr. and Margaucet Ann eaker, his wife
hereinafter called the Mortgsgor, and
SOtTtt~!!RN I~I~'~GAG~ ASSOCIATSS, INC. ~ a oorporation organised aad existing under the Lwa ~
ot State og Arkaasas . heoeinafter called the Mortgagee~.
WrrN~seesa~x, thst foc vatusble oo~sideratians, the asid Mortg,~gor doee Ler~ebY 6ra~?t, b~u~gain,
remiae~ releaee, oonvey~ essign~ and oonfirm unto the said Mortgagee all that certain paroel of lewd d which the
said Mort~asr ie now aeised and po~eeeeeed and~in ~atual poseeeeioa, atusted in the ocunly aE St. Lucie and
State of ~'lorids, desaribed aa fdlo~wa:
Lots 1 and 2, Block A, TROPICAL BSAiCH SO~ZVISION, as per plat recordea thereof -
in Plat Book 10, paqe 9 of the Public Records of St. I,~cie Cour?ty, Flor3da, IBSS
So~utherly 12 ~eet of said Lot 2 as mea?sured perpendicularly to the Sa~uth line
of Lot 2 and parall.ei thereto.
T'he mortqaqor covenants and aqrees that so long as this mortqage and said note
secured herelay are insured or guaranteed under the provis~Lons of the Serviceman's
Readjustment Act, as azaended, he wi11 not execvte oz fils for record any instxuiaent
which imposes a restriction upon the sal,e or occupancy of the mortqaqed groperty
an the basis of race, color or creed. Upon any vioiation of this undertaking.
the mortqaqee may, at its option, declars the unpaid balance of the debt secured
hereby imaediately clue and payaible.
The inortqagor further covenants that should the Veterans Ac~ainistration fail
or refuse to issue its guaranty, of the loan secured by this mortqaqe under
the Provision of the Servicemen's Readjustment Act of 1944, in the sum of $8,575.00
WitYtin sixty days fran the date of the losn woulc3 nornc?al.ly became eliqible for
such quaranty, the mortgaqee herein may, at its op~ion declare all sums secured
by this mortgage immediately due and payable. ~ ~
5tate Docw~a~entary Stamps . afrixed to the original nate . and ca~ace11ec1
Together with all etnicturea and imgmvemente now and hereafter o~ esid lsud, snd the renta, iasues, and profita
' of the above deecribed property (provided, 6oRever, that the Mortg,agor ahaU be entifted to coltect and retain
the said rents, iesues, and profite until default hen~under); and ail fixtur~ now or heree?fter attached to or ueed
in connection ~vith the p~+emisee Qerein deecribed wd in additioa t6ereto the folbwing describeci housetio~d aPP~~.
j which are, and shall be deemed to be, 6xtu~+ee and ~ part of tbe i+ealty, and are a portion of ~ie eecurity for the
' indebtedness hec+ein mentioned: - ~
~ . .
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f (1) Westinyhouse Range Model_ ~I~'~30~C~(~,/~? ~ Q~ _
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` (1) Westinghouse AYt~hFta~bex t~~3. ~S~I1~3~ ~ .
f ~1) Westinqhouse Refrigerator Hodel RT173LLA3
~ (1) Nutone Vent Fan Model ~3083
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~ TO HAt/E AND TO HOLD ~A SLiDB~ to~ether with sD snd singular the tenemante, hereditamente ~?nd sppur-
tenaaues tbereunto belonging or in any~n.9e sQperf~ining~ and the reveraion ewd revetsions~ nmainder or rs-
maindera, sad also aU the estate, right, title, interest, homesf~esd, do~ver and ~t oi dower, separate eetste~
possession, clsim u?d demand rvhatsc~ever, as well in lsw s~ in equity~ ot the said iortgagor in snd to the same
and every pa~t tl~ereof ~ with the appurten~nces ot t6e ssid Mortgagor ia ~nd to the asme, and every part an~
parcel thereoi unto t6e said biortgagee ia fee simple.
$001l~~V~i ~ ~i
~495
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