HomeMy WebLinkAbout0358 _ _ ~ ,
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~ i~RTGAGE .
TiIIS I~O~T~AG~ AEED~ e:cecuted thls 25th day of Aus~ust , A. D. , 19~_, by
GREGORY A. MacKEQ1 and CAROL L. MacKEEN his wife
h~:~ina:ter called the :~orc;aryor, uhich tern as used in every instacice shall include the
u~rt~a~or's hei.s, ~xecutors, administra[ors, successors. legal representatives ar.d
assigns cither voluntary by act oE the p<zrties, or involunt.lry by operation of lav, and
s~~ail denote the sing2e and/or p2ura2, and tl~e r.;.scu2in~ .Znd/or fc.~ainine, and natural
z;~~/~r artificial persoas~ whenever and wnzrever the con[c~ so requirES or admits, party
oi t~~e flrst part, ta SOUTHERN t•lORTGAGE ASSOCiAiE~/,a corporation organized and exist-
i,:; ~::der the laws o: the State of Arnansa~'~ereinaf ter cal led Si•fA, Which'term as used
evcry in,tance shall include 5lU~~'s s~~ccessors, lehal representatives .~nd assigns~ party
o't the seco;id part. '
L~IT;1~'SSE1ll: Tnat for divers ~;ood an3 vatuable consideration , and also in consid-
Cr~t1UR of the ag~,regate suz of ~^oney nac~eJ in the pro:~issory note of e~~en date herewith,
h~~reir.after descrioed, the MortKa~or da~~~ ~rznt, bargain, se12, alien, rcr~ise, release,
c~:ive}~ an3 conEirn unto St:A~ in fee sinple, the follu~aing described property, of which
ctie MurtEagor is now seized and possessed and in actual possession, situate in the
C~un ~y of st p , State of F1 ori da, to Ni t:
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Lot 9, Block 2, SUNSET PARK REPL4T, according to the Plat th ereof as recorded '
in Plat Book 11, page 28 of the Public Records of St. Lucie County, Florida.
TOCETtiER vith all structures and improvements now and hereafter on said land and the -
~ixtures attached [hereto. and all ren[s, issues, proceeds and p:ofits accruing and to
~ccrue from sa.id pre~ises, all of which are included within the foregoing descriptioa and
c~-~e habendur~ hereof ; also all gas,. steaM, electric ~ water ancl other heating, cooking, _
reirigeratin~, libhting, plumbing, ventilating, irrigacin~, and powe: syster~s, raachines,
appliances, fixtures and a~purtenances, inclu~ing air-conditior.ing, ducts, nachinery and
equip~nent, ~,rhich are now or may hereafter pertain to or be used s:ith, 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 proper[y is now or Ghall he:eafter be used y
fc,r co ~~ercial purposes, then the furniture and furnishin~s and any reptac.~raents thereof
wt:ich may be oaned bv tne rfortgagor aad uhich are now or ~ray hereafter be located u~*on f
c~~c: ab~~v~ described property.
TO tWVE AND TO IiOLD the same, together Mith the teneme:~ts, hereditaraents and
a~ rur~enances, unto SMA in fee sic~ple.
~~`:D [he Mortgagor does hereby covenant with S:~L~ tnatm ortga~or is indefeasibly
s~~izeci of said lar.d in fee simple; that mortgagor has full power and lawful right to
;~:,~e~ ~a~~' Za.^.~ in fee simple as aforesaid; that i[ shall be lavful for S'~.A at all
tices peaceably and quietly [o enter upon, hold, occupy and enjoy saiu Iand; t~aat said
p:o~~rty is free from all encumbrances; that mortgagor will make such further assurances
c~: per:ect the fee simple title to said property in S!~IA as may reasonably be required;
that they do hereby fully Warrant the title to said land and Will defezd the sarae
against the laWful clai~s of all persons whomsoever.
~O~a,THEREPORE, the condition of this mortgage is sucn that if the Mortgagor shall
weil and truly pay unto SMA the indebtedness evidenced by that certain proaissozy note
of even date herewith, made by [he i'(ortgagor and payable to the order of SMA , in the _
pr~ncipal sum of SIXTEEN THOUSAND SIX HUNDRED AND NO/100 DOLI.ARS _
(S 16,600.00 together With interest (~hile not in default) at the rate of~g~ h,
rep3yable in equal mont;~ly installr~ents of $ 124.83. including interest, the first of
such paycaents being payable on October , 1972
aad shall perform, comply With and abide by each and every the stipulatians, agreer~ents,
conditions, and covenants contained and set forth in this mortgage and in the promissory °
no[e secured hezeby, thea this r~ort~age and the estate hereby created shall cease ar.d
be null and void. -
4YD the Mortgagor does hereby covenant and agree: ~
1. To perform, comply with and abide by each and every the stipulations, agreesnents, .
conditions, and covenants in tl~is deed se[ forth, and in the abov2 referrec3 to
pro:n±ssory not~.
2. ?o pay ali and singular the principal and interest and other~sums of money payable
by vir[ue af said promissory note ~nd this mortgage. or either, promptly on the
days respectively the sane severally come due.
~~0~~: STATE DOCUN:NTA~Y STAMPS AFFIXED TO ORiGINA1 NOTE AI'!D CA~`ICELLEO.
~/IS 1!flf7lUM~tiT ~I!'~AR~D tilh Walter Davis
ABSTRAGT 3 T17iB CORP. OF FI.A.
!05 d. !ND 1lT. FORT PIEAC[. 1?LORiDA ~QQK2~6 PACE 35 .
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