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THIS I~RTGAGB DEED, executed this ?2th. day of July , A. D., 19 72 , by i
JIt•4~1Y CARROLI, and MARY A.'~Ii~' CARROLL, his wife
hereinafter called the Mortgagor, vMch term as used in every instance shall include the
I~[ortgagor's heirs, executors, administrators, successors, legal representatives and
assigne either voluntary by act of the parties, or involuntary by operation of law, and
shall denote the single aRd/or plural, and the masculine and/or fe~ninine, and natural
and/or artificial persons, vhenever and wherever the con~t so requires or admiLs, party
of the first part, to SOUTHERN MORTGAGE ASSOCIATES,a corporation organized and exist-
ing under the laws of the State ofArkansa~erefnafter called SMA, which term as used
in every instance shall include SMA 's successors, legal representatives aad assigns, party
of the second part.
WITNESSETH: That for divers good and valuable consideration , ac~d also in consid-
eration of the aggregate sum of money named 3n the promissory note of even date herewith,
hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise, release, ~
convey and confirm unto SMA, in fee simple, the following described property, of which ~
the Martgagor is now seized and possessed and in actual possession, situate in the
County of st. ~u~ie , State of Ftorida, to-wit: ;
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• South I5 feet of Lot 14 and all Lot 15, Bloc}: 5, WILBira'E, according to
the plat recorded tnereof i.n Plat Book 6, page 24 of the Public Records
o~ St. I,ucie County, rlorida ~
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TOGETHER with aIl structures and improvements now and hereafter on said land and the ~
fixtures attached thereto~ and all rents, issues, proceeds and profits accruing and to '
accrue from said pre~nises, all of Which are included within the foregoing description and }
the habendum hereof; also all gas,. stear~, electric, water and other heating, cookiag, ;
refrige~ating, lighting, plumbing, ventilating, irrigating, and power systeas, machines, '
appliances, fixtures and appurtenances, including air-conditioning, ducts, nachinery and
equipment, which are now or may hereafter pertain to or be used arith, in or on said
premises. even though they be detached or detachable, and together with the abstract of
title thereto, and, if the above described property is now or shall hereafter be used- •
for com~nercial gurposes, then the furniture and furnishings and any replacements thereof
which may be owned by the Mortgagor and which are now or may hereafter be located upon
the above described property.
TO NAVE AND TO HOLD the same, together with the tene~ents, hereditac~ents and
appurtenances, unto SMA in fee simple.
AND the Mortgagor does hereby covenant with SMA that~R.ortgagor is fndefeasibly ' ~
seized of said land in fee simple; that mortgagor has full power and lawful right to , ~
convey aaid land in fee simple as aforesaid; that it shall be lawful for SMA at all ~
times peaceably and quietly to eater upan; hold, occupy and enjoy said land; that said `
property is free from all encumbrances; that mortgagor wi11 make such further assurances
to perfect the fee simple title to said property in SMA as may reasonably be required;
and that they do hereby fully Warrant the title to said land and will defend the same
against the lawful claims of all persons whomsoever. f
NOW,THEREFORE, the condition of this mortgage is such that if the Mortgagor shall ~
well and truly pay unto SMA the indebtedness evideaced by that certain promisaory note ;
of even date herewith, made by the Mortgagor and payable to the order of SMA , in the ~
' principal sum of I'OiIR~'EE:v THOtTS1~ND SEVEN HUAtDR..r'D AN~J NO/100-------------DOLIARS ;
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14,700.00 together aith interest (while not in default) at the rate of 8~ X,
j repayable in equal monthly installments of $ 110,54 including interest, the first of ;
such payments being payable on August 1, 1972 '
and shall perform, comply ~rith and abide by each and every the stipulations, agreements,
conditions, and covenants contained and set forth in this mortgage and in the promissory
note secured hereby, then this mortgage and the estate hereby created shall cease and
be null and void.
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AND the Mortgagor does hereby covenant and agree: '
1. To perform, comply with and abide by each and every the stipulations, agreements,
coAditions, and covenants in this deed set forth, and in the above referred to
prom~ssory note.
2. To paq all ac~d singular-the prin~ip~l and interest and other-suss of 4oney payable ~
by virtue of said proa~issorq aote and this mortgage, or either, pro~pt~y on the ~
aaqs respectively the sane severally coae due.
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NOTE: STATE DOCI~IENTARY STAhpS AFFIXED TO ORI6INAl. NOTE AND CANCELLED. ~
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YNi~ INffRUM~ft~ P1t!*AR[D SYt ~~`1" V ~
i ABSTRACT ~ T17i-E CORP. OF FU?.
aos s. ~o ~r. /OIl~ PILRCt. FLOtItDA U R 204 Vl1tJ
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