HomeMy WebLinkAbout1506 ~ ~ ~ ~r~dT~ ~ ~
N~ M p~ ~C MI~IIMMIE ~RfOMAI Mpl~~A. ft, 77 r~ ~
IIM~tMM110 GiIM1ER T1•1~1? ~p Oi 1Vl. ~
~tQK G~IIR ~ ~ Oq, R~ ~pRTGAGE~`a3~OS I _
1~1IS M~RTGAGB DEED, executed this ?2~<-• . day of ~rn~ s~ , A. D. , 19_„ 7_~~ by
~2C~1?~"L7 :;t:~'~(,.'S 7:1C1 ~~'1ZlZ:?j~ :itO~:CS~ }1_'.S L•71_'~
hereinafter called the Mortgagor, Which tera as used in every instance shall include the
Mortgagor's heirs, executors, administrators, successors, Iegal representatives and
assigns either voluntary dy act of the parties, or involuntary by operation of lav, and
shall denote the single and/or pZural, and the masculine and/or feminine, and natural
and/or artificial persons, whenever and wherever the co text so requires or admits, party
of the first part, to SOUTHERN MORTGAGE ASSOCIATE~;a' corporation organized and exist-
ing under the laws of the State of Arkansas~?ereinaf ter called SMA, which tena as used
in every instance shall include SMA 's successors, legal representatives and assigne, party
of the second part.
WITNESSEIH: That for divers good and valuable consideration , and also in consid-
eration of the aggregate sum of money nam~d in the promissory note of even date herewith,
hereinafter described, t6e Mortgagor does grant, bargain, se11, alien, remise, release,
convey and confirm unto SMA, in fee simple, the fo22owing described property, of which
[he Mortgagor is now seized and possessed ~nd in actual possession, situate in the
County of =~1Ci- , State of Florlda, to N1t:
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TOGETHER with all stru~tures and improvements now and hereafter on said land and the
flxtures attached thereto, and all rents, issues, proceeds and profits accruing and to
acerue 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, ligh ing, plumbing, ventilating, irrigatinq, and power systaus, machines,
appliances, fixtur~ and appurtenances, incluaing air-conditioning, ducts, machinery and
equipment, which are now or may hereafter pertain to or be used with, in nr on said
pre~ises, even Lhough 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 coimaercial purposes,~then th~~.furniture and furnishings and any replac~aents thereof
which may be oWned by the Mortgagor and which are now or may hereafter be loeated upon
the above described property.
~ TO HAVE AND TO HOLD the same, together with the tenanents, hereditaments and
appurtenances, unto SMA in fee simple.
AND the Mortgagor does hereby covenant with SMA thatnlortgagor is indefeasibly
seized of said land in fee simple; that'inortgagor has full power and lawful right to
convey said land in fee simple as aforesaid; that it shall be lawfu2 for SMA at all
times peaceably and quietly to enter upon, hold, occupy ared enjoy said land; that said
property is frEe from all encumbra~c~s; that mortgagor will make such further assurances
to perfect the fee siu~ple title to said property in gMA as may reasonably be requfred;
and that they do hereby fu11y warrant the cic~g to said 2and and will defend the same •
against the law€ul claims of a~2 persons whamsoever.
NOW,THEREFORE, the condition of'~Lhis mortgage is such that if the Mortgagor shall
well and truly pay unto SMA th~ ir?debtedness evidenced by that certain promissory note
of even date herevith, made by the Mortgagor and payable to t~he order of SMp?, in the
principal sum ofT:: ':~Y ~ ~L•-, ~,iOL'~~_._'~ - _v~:r' , p^----------- DOLLARS •
. ~ together with~.interest (while not in default) at the ra[e of X, ~
repayable in equal monthly installments of $ 1~2.0~ including interest, ttie first of
such payments being payable on ~3~-'..,,:~er
and shall perform, comply with and abide~by each and every tfie stipulations, agreaaents,
condit~ons, and cpvenants contained and set forth in this mortgage and in the promissory
no~~'9ecured hereby, then this mortgage and the escate hereby created shall cease and
be nu11 and void.
A~1U the Mortgagor does hereby covenant and agree: r
1. To perform, comply with and abide by each and every the~stipulations, agreements,
cot~ditions, and covenants in this deed set forth, and in the above referred to
prom{.ssory note.
2. To pay all and singular.the principal and interest and other 'suss of noney payable
by virtue of said promissory note and this mortgage, oT either, promptly on the ~
days respectively the sane severally come due.
NOTE: STATE DOCt~IENTARY STAt+PS AFfIXED TO ORIGINAL NOTE AND GWCELLED.
BOOK~O~ YAGE1506 ~~s M~"~ ~°"`RL° Walter Ej Aavis .
1 ABSTRAGT & TITLE CORP. OF FLA.
20S S. 2lYD ST. FORT PlERCE. iIORIDA
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