HomeMy WebLinkAbout2269 Walter Davis ~"20,554
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A93TRACT R TM.6 CORP. OI~ FLA.
20S !ND s1, FORT PIiACE. FLORiDA
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MORTGAGE
THIS !lORTGAGE DEED, executed this 26th. day of September, A. D., 19 72 , by
William Max Lindsey and Mattie C. Lindsey, his wife
hereinafter called the Mortgagor, vhich term as used in every instance shall include 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
sha12 denote the sing2e and/or p2ural, and the masculine and/or f~uinine, and natural
and/or artificial persons, whenever and wherever the co t so requires or admits, party
of the first part, to SOUTHERN MORTGAGE ASSOCIATE.,~corporation organized and exist-
ing under the lavs of the State ofArkansas~ereinafter called SMA, which term as used
in every instance shall include SMA 's successors, legal representatives and assigns, party
of the second part.
WITNES5ETN: 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 conf irm unto SMA, in fee sin~ple, the following described property, of which
the Mortgagor is now seiaed and Possessed and in actual possession, situate in the
County of st, r,uc~e , State of Fiorida. to N1t:
Lot 20 less the West 280.11 feet, and less the East 650.0 feet
of MARAVILLA GARDENS, Unit One as recorded in Plat Book 6, paqe
55 , PubZic Records of St. Lucie County, Florida
TOGETHER ~rith all structures and improvemen[s now and hereafter on said land and the
fixtures attached thereto, and all rents. issues, proceeds and profits accruing and to
accrue from said premises, all of which are included within the foregoing description and
the habendum hereof; also all g3Sr stear~, electric, water and other heating, cooking,
refrigerating, lighting, plumbing, ventilating, irrigatin~, and power systems, machines,
appliances, fixtures and appurtenances, including air-conditioning, ducts, machinery and
equipment, vhich are now or may hereafter pertain to or be used with, in or on said
premises~ even thongh they be detached or detachable, and together With the abstract of
citle thereto, and, if the above described property is now or shall hereafter be used {
for coca~ercial purposes, then the furniture and furnishings and any replacesnents ihereof
~:hicti ~av ?•e ownPd hy the Mortgaeor and ahich are nov or may hereafter be loeated upon
the above described property. -
TU 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 that~lortgagor is indef easibly
seized of said land in fee simple; that mortgagor has full power and lavful right to
convey said land in fee si.mple as aforesaid; that it shall be lawful for SMA at all
cimes peaceably and quietly to enter upon, hold, occupy and en3oy 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;
an~ th~t they do hereby fully warrant the title to said land and will defend the same
against the lawful claims of a21 persons whomsoever.
~OW,THEREFORE, the condition of this mortgage is such that if the Mortgagor shall
well and truly pay unto SMA the indebtedness evidenced by that certain promissory note
of even date herewith, made by the Mortgagor and payable to the order of SMA , in the =
principal sum of FIFTEEN THOUSAND EIGKP HUNDRED ANb NO/100------------.._~OLLARS
15,800.00 together with interest (while not in default) at the rate of 8 x,
repayable in equal monthly installments of $ 115.97, including interest, the first of
such payments being payable on November 1, 1972
and shall perfurm, comply vith and abide by each and ~very the stipulations, agreements, ~
conditions, and covenants contained and set forth in this mortgage and in the promissory ~
noie secured hereby, then this mortgage and the estate hereby created shall cease and
be null and void.
ANJD the Mortgagor does hereby covenant and agree: ~
I. To perform, comply With and abide by each arid every the stipulations, agreements,
conditians, 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.auae of money payable
by virtue of said promissory note and this mortgage, or either, promptly on the
days respectively the sane severally cane due.
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NOTE: STATE DOCUMENTARY STAhPS AFFIXED TO ORI6INAL NOTE AND CMtCELLEO.
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