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C1.Ei;i( CIi;CSti (..:u:;i, ~~::~E C0, Fu MORTGAGE
1~iIS lpRTGAGB DEED, executed this ~~_day of Auguat , A. D., 19~2 , by
JffitALD G. I~IcI~BH!!N and CAROL McRBBHAN, Hia Wifa
hereinafter called the Hortgagor, wh~ch terna as used in every instance shall in~lude the
Mortgagor's heirs, executors, administrators, successors, legal representatives and
assigns either voluntary by act of the parties, or involuntary by operation of law, and
shall denote the single and/or plural, and the masculine and/or feminine, and natural
andior artificial gersons, whenever and wherever the cont so requires or admits~ party
of the first part, to SOUTHERN MORTGAGE ASSOCIATE~~(~~drporation organized and ~cist-
ing under the lavs of the State ofArkansa~ereinafter called SMA, which term as used
in every instance shall include SMA 's successors, legal representatives and asaigns, party
of the second part.
WITNESSETH: 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 confirm unto SMA, in fee simple, the following described property, of vhich
t~e Mortgagor is now seized and possessed and in actua2 possession, situate in the
County of st. Lucie , State of Fiorida. to Mit:
Lot 37, Block "K", MARAVII.I.A ESTATffi, according to the Plat
thereof as recorded in Plat Book 8, page 77 of the Public
Recorda of St. Lucie County, Fbrida.
TOGETHER with all structures and improvements now and hereafter on said land and the
fixtures attached thereto, and all rents, issues, proceeds and prof~its accruing and to
accrue from said premises, all of which are included within the foregoing description and
the habendum hereof; also all gas,. stear~, electric, vater and other heating, cooking,
refrigerating, lighting, plumbing, ventilating, irrigating, and pover systaas, machines,
appliances, fixtures and appurtenances, including air-conditioning, ducts, machinery arid
equipment. which are now or may hereafter pertain to or be used with, in nr 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 nov or shall hereafter be used ;
for commercial purposes, then the furniture and furnishings and any replacements thereof
which may be ovned by the Mortgagor and which are nov or may hereafter be loeated upon
the above described property.
TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and
appurtenances, unto SMA in fee simple.
AND the Mortgagor does hereby covenant with SMA thatt~ ortgagor is indefeasibly
seized of said land in fee simple; that mortgagor has full power and Iawful right to
convey said land in fee simple as aforesaid; that it shall be lawful for SMA at all
times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said
property is free from all encumbrances; that mortgagor will 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 wfll defend the same
against the lawful claims of a21 persons whomsoever.
NOW,THEREFORE~ the condition of this mortgage is such that if the Mortgagor shall
vell and truly pay unto SMA the indebtedness evidenced by that certain promissory note
of even date herewith, made by the Nortgagor and payable to the order of SMA , in the
principal sum of T6iF~Y-SIR~TRQUSAND ONB HUNDRED AND NO/100 DpLIARS
26,100.00 together with interest (while not in default) at the rate of 8~ X,
repayable in equal monthly installments of S 196.27, including interest, the first of
such payments being payable on September 1, 1972
and shall perform, comply with and abide by each and every the stipulations, agre~ents,
conditions, and covenants contained and set forth in thfs mortgage and in the promissory
note secured hereby, then this mortgage and the estate hereby created shall cease and
be nu22 and void.
AND the Mortgagor does hereby covenant and agree: E
1. To perform, comply vith and abide by each and every the stipulations, agreements,
coaditions, and covenants ia this deed set forth, and in the above referred to
promi.ssory note.
2. To pay all and singular the principal and interest aud other.~uas of ~oney payable
by virtue of said promissory note and this mortgage, or either, prompt~Y on the
days respectively the saae severally cose due.
NOTE: S?ATE DOCI~ENTARY STAFPS AFfIXED TO ORIGINAL NOTE Aa1D CANt~ILED.
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