HomeMy WebLinkAbout2232 v,? r...~ x~,e. ~u~~» i...~~ FLORIDA
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MORTGAGE
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~1I8 MORTOAtIS, dated the .T' ~-'lt~ day of March ~ A. D. 1972 , by and ~
between
Charles Sugene Mace and Shirley I,ouise Mace, his Wife
~ hereinatcer called the riortgagor, and g~8t Federal 3avings and I,oan Association oY
Indian River Oot~ty , a corporation organiaed and existing under the lawa
~ Florid,e , hereinafter called the Mortgagee.
WrrxESS~rH~ that for valuable considerations~ the said Aiortgagor does hereby grant, bargain, sell, alien~
remise, release, con~~cy~ assign~ und confirm unto the said l~lortgzgee all thut certain parcel of land of which the
said hlortgagor is now seized and possessecl and in actual possession~ situated in the couuty of St. I,i~cie a°d
State of Florida, described as follows: '
I,ot 12, Block 47, RIVffit P~flRK ~IT FIYS, as pe~r plat
thereof recorded in P1at Book 11, page 31 of the
public records of St. Lwcie County, Florids.
The mortgagor covenants and agrees that so long as this mortgage and the said note
secured hereby are insured or ~iaranteed under the provisions of the Serviceqnen's
Read3ustment Act, as amended, he rrill not execute or file for record any instrLmnent
which imposes a restriction upon the sale or occupancy of the mortgage property on
the basis of race, color, or creed. Upon ar~y violation of this undertaking, the
~rtg~gee msy, at its option, declare the urYpaid balance of the debt secured here- '
by immed.iately due and payable.
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~ The mprtgagor flaxther covena.nts that should the Veterans Administration fail or re- \
flxse to issue its guaranty of the loan secured by the mortgage under the provision
~ of the Service~nen' s Read~ustment Act of 19~4, as amended, in the sum of $ 16, 500. QO ~
within sixty days f~om the d.a.te the loan s,rovld normally become eligible for such 8
~ guaranty, the mortgagee herein may, at its option, d~c].are a11 swns secured ~y this
~ mortgage iffinediately due and payable. .
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~ ~ ~ This mort ~
gage is being re-recorded to include the above 2 paragraphs Which
~ ~ Were o~tted previously. ~ ^ ~
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Together with all structures and improvements now and hereafter on said land, and the rents, issu~, and profits ~ '
( of the above described property (provided, however, that the riortgagor shall be entitled to collect and retain ~
the said rents, issues, and proSts 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 folloazng described house6old appliances~
~ which are, and shall be deemed to be, 6xtures and a part of the reslty~ and are a port~on of the secunty for the
g indebtedness herein mentioned:
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~ TO AAVE AND TO AOLD L~le 38R18~ to~ether with all and singular the tenements, hereditaments and appur-
tenances thereunto belonging or in anywi~e appertaining, and the reversion and revecsions, remainder or re-
~ mainders, and also all the estate, right, title, intrrest, homesteaci, dower and right of dower, separate estate~ _ _
z posses.gion, claim and demnud whatsoever, as well in law as in equity, of the said ~fortgagor in and to the same, ;
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~ and every part thereof, H•ith the appurtenances oi the said Mortgagor in and to the same, and every part and
- parcel thereof unto t6e said ~iortgagee in fee simple.
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