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WE OH ClAS4'C INTANGIBLE °EkS0:~G11 PROPEfliY~ ' , ~
PURSIlI1NNT TO G1APiER 71•13~. AC'TS OF 1911. • ~ { ~ ~ ' • ` ~ ~ a~~~
R06ER POiTRAS
I~EAK CI~Cl1IT OOIiRT, ST. UlC1E 00„ i1A A!((iRTGAC6
TNIS MORTCAGE DEED, executed this 4th ,~day of August . A. D., 19~_, by
Ft.nm SuF~~ and LL?CY tHSPARD,l~is_~lj,f e ~
t~ereinafter called the Mortgaror, wt;ich tern as used in every instance shall inciude [he
I~ortgagor's heirs, executors, adr~inistrators, successors, 2ega1 representatives ar~d
assigns either voluntary by act of the parties~ or involuntaty by operation of law, and
shall denate the singZe and/or glural, an~ the ~asculine and/ar f eminine, and natural
andJor artificial persons, whenever and wherever the context so requires or admits, party
of the f irst part, to SOiJTHERN MORTGAGE ASSOCTATE~/,~NEerporation organized and ~ exfst-
ing under the laWS of the State of Arkansas~ereinaf ter called S~, which term as used ~
ir. every instance shall include SMA 'S successors, legal representatives and assigns, party
of the second part.
WITNESSETti: That for divers good and valuable consideration , and also in consid- ~
eration of the aggregate sum of money named in the promissory note of even date herewith,
hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise, release,
convey and confiir.s unCo SMA, in fee simple, the following described property, of which
che Mortgagor is naW seized and possessed ana in actual possession, situate in the
County of st. Lucie , State of Florida, to wit: ~ ~
Lot 3, Block 37. LAK~i00D PARR, UNIT N0. 4, according to the
Plat thereof as recorded in Plat Book 11, page 2 of the PabZic
Records of St. Lucie County, Flortda. r
TOGETHER with all structures and improvements now and hereafter on said land and the
fixtures attached tttereto, and all rents, issues, proceeds and profits ac~ruing and to
accrue from said premises, all of which are included within the foregoing description and s
the habendum hereof; also all gas,. steafi, electric, water and other heating, cooking, i
refrigerating, lighting, plumbing, ventilating, irrigatinR, and poWer systems, machines, `
app~iances, fixtures and appurtenances, including air-conditioning, ducts, ntachinery and ~
equipment, which are now or may hereafter pertain to or be used with, in or on said ~
presaises~ even thougt? they be detache@ or detachable, and together with the abstract of ±
citle thereto, and, if the above described property is now or shall hereafter be used ~
for comvercial purposes, then the furniture and furnishings and any replacements thereof ~
uhich may be o~ned by the Mortgagor and which are no~: or may hereafter be located upon ~
th~ above described property. :
TO HAVE A.'~iD TO HOLD the same, together with the tenesnents, hereditamen[s and ~
appurtenances, unto S:++lA in fee simple. i
AND the Mor[gagor does hereby covenant with S MA that m ortgagor is indef easibly
seized of said land in fee simple; that mortgagor has full power and lawful right to
convey said 2and in fee si.mple as aforesaid; that it shall be lawful for SMA at all
ti~es peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said
~~roperty is free from all encumbrances; that mortgagor will make such further assurances
to perfect the fee simple title ta said property in SMA as may reasonably be required;
a,.d that they do hereby fully warrant the title to said land and will defend the same
aoainst the lawful claims of all persons whomsoever.
NOW,Tf{EREFORE, the condition of this mortgage is such that if the Mortgagor shall
we2l and tru2y pay unto St~IA the indebtedness evidenced by that certain promissory note
of even date herewith, made by [he ::ortgagor and payable to the order of SMA , in the
incipal sum of NINE~EHN THOUSAND NINE AUND88D AND 1~i0/100 DOLLARS ~
I'. 19,900.Q0 together with interest (whfle not in default) at the rate of 8~ x,
' repayable in equal ~aonthly installments of $ 149.65 , including interest, the first of
svch paysnents being payable on September 1, 1972
and shall perform, cotnply with and abide by each aad every the stipulations, agreements,
con~itions, and covenants contained and set forth in this mortgage and in the promissary
note secured hereby, then this mortgage and the estate hereby ~reated sha11 cease and j
~
be null and void. ;
~ $
A.~1D the Mortgagor does hereby covenant and agree:
1. To perfor~e, comply with and abide by each and every the stipulations, agreements,
conditions, and covenants in this deed set forth, and in [he above referred to
prom~.ssory note.
2. To pay aIl and singular~the principal and intetest and other.su~s of ~toney payable
by virtue of said promissory note and this mor[gage,_or either, promptly on the
days respectively the sane severally co~ae due.
~~OTE: STATE DOCU~iENTARY ST,IMPS AFFIX~D TO ORIGINAL NO?E AHD CANCELLED.
Walter 8. Davit
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