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TEtZS ~:O~T~~:G~ DEED, e:c~cutec~ thls 28th~day of Auqust , A. A. , 19 72 , by
FRANK J. PERINO a~?d JgNNIg IC~ pgRlNp, his wife •
^e:aina:ter called the :torct;a~or, c:ii~;~ t~~rn as used in every instance shall ine2ude the
i~;ort~;a;or's heirs, executors, administr:itors, successors, tegal rpp:esentatfves and
assigns clther voluntarv by act of the p:irties, or involuntary by operatfon of lau, a~d
si~all denote the single and/or plura~, ar.d the n;,scuZine and/~r fc.~ninine, and natural
aa~Jor artifieiai persons~ whenever and wnarever the co te~ct so requires or admits, party
or t~ie f irst par[, to SOUTIif:RN MORTGA~E ASSOCIATE~~corporaEion organized and exist-
i~:? ~;tdc: the laws o~ ttee State ofArkansa5,`~ereinafter called 5,~, which term as used
f:: e~.cry in;.tance shall include SMA 's successors, Zehal rcpresentatives and assi~ns~ party
o: the secoad part. '
ldii'~1c:5S~Ttl: .haL for divers good :tn~ valuable consiacratioa , and also in consi~-
eration of the ag~,re~ate s~t~ of money named in the pro:.~issory note of even date T:erewiti,
h~reir,a:ter desctibed, the Mortga~;or does gr~nt, hargain, sell, alien, rc:~ise, release~
convey and confirr.~ unto S:lA, in Eee sinple. the following described property, of a~hich
che ;tor~gagor is now seized and possessed and in actual possessioa, situate in the
County of st, rrucie , State of F]orida, to wit:
Lot 5, Block 11, RSVISED MAp FORT PZERCE BEA~CH, accordinq to the plat
recorded thereof in Plat B~ok 8, paqe 29 of the Public Records of St.
Lurie County, Florida
TOGETttES with all structures and unprovements now and hereafter on said land and the
iiatures attached chereto, and all rents, issues, proceeds and profits accruing ar.d to
accrue f rom said premises, all of which are incl~ded within the foregoing descriptioa and
the habzndus~ hereof; also all gas,. stear~, electric, water and othet heating, cooking,
rerrigeratirtg, libhting, plumbing, ventilating, irrigatin~, and powe: systens, raachines,
a~~2iances, fixtures and appurtenanc.es, incl.uding air-conditioning, ducts, nachinery and
e~uip~~nt, uhich are now or c~ay hereafter pertain to or be used crith, in vr on said -
;.:~r.is_s, even thaugh they be detact~ed or detachable, and together with the abstract of
citle [hereto, and, if the above described property is now or shall hereafter be used
for co:r~ercial purposes, then the furniture a~d furnishings and any replac a~ents thereof
:~hic}? may be owned by tne rtortgagor ared whici~ are now-or may hereafter be loeated upon
the above described property.
TO HAVE AND TO HOLD the same, together with the teaements, hereditan.en[s and
appurtenances, unto SMA in fee si~pie. .
:~~D the Mortgagor does hereby covenant with S:L~ thatm ortgagor is indefeasibly
s~!zec! ~+f said 2ar.d in fee simple; that mortgagor has full poc:er and law:ul right to
conve~ 5aid 2and :n €ee sim~+le as aforesaid; that ic shaii be ~a»:u? fer c*.~a_ at all
cic~es peaceably and quietly to enter upon, hold, occupy and enjoy said Ia:td; [haL sai~
pro~erty is free from all encumbrances; that mortgagor ~ill make such further assurances
to per:ect the fee simple title to said property in S~SA as may reasonably be required;
and that they do hereby fully s+arraat the title to said land and s+ill de:e:~d the sarae
against the lawful clains of all persons c+housoever. o
IrOt.J,TNEREFORE, the condition of thfs moYtgage is sucn that if the Mortgagor shall
uell and truly pay unto SMA the indebtedness evidenced by that certain pronisso:y note
of even date herewith, made by the Mortgagor and payable to the order of S~lA, in the
principal~sum of N~~N THOUSAND AND NO/100---~~-----------------_-~___ DOLLARS
19,000.00 together with interest (while not in default) at the rate of 8~S h,
reaayable in equa2 monttily install~aents of $ 142.88, including interzst, t~:e first of
such ~ayraents being payable on October 1, 1972
and s~?all perform, comply with and abide by each and every the stipulations, agreersents,
,conditions, and covenants contained aad set forth in this mortgage and in the pro~issory
note secured hereby, tt~en this r~ortgage and the estate hereby created shall cease ar.d
be null and void.
A.YD the I~ortgagor does hereby covenant and agree:
1. To perform, comply with and abide by each and every the stipulatians, agreesnents,
canditions, and covenants fa ihis deed set forth, and in the abovz referred to -
pro:na ssory note.
2. To pay alt and singular the principal artd interest and other•su~s of taoney ~ayable
by virtue of said promissory note and this mor[g,age, or either, pram~tly on the
days respectively the saoe severally come due.
«07~: STAYE DOCUy~NTARY STAMPS AFFIXfD TO ORtGINA1 NOTE AND CA,'lCELL~O. ~
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