HomeMy WebLinkAbout2518 a a c ~ .
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~a~,C ly~?•~i;~ Walter i~, Davis
TM~~ iNSTRUMEPIT PREPARE~ BV~
i/ ABSTRACT & TITL.E CORP. OF FLA
~T ~ p0'J 6. 2tiD ST. FORi P'E:i: C. FLORiDA
a~ MORTGAGE
1HIS NORTGAGE DEED, executed this 2na• day of ~tober ~ A. D., 19 ~2 , by
_ avmond W. T~cketf and iGathY Tackett, his wife
hereinafter.called the Mortgagor, which term as used in every instance sha21 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
shall denote the single and/or plural. and the masculine and/or feminine, and natural
and/or artificial persons, whenever and wherever the c~onNCtex[ so requires or admits, party
of the first part, to SOUTHERN MORTGAGE ASSOCIATE~,a 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 asaigas, party
of the second part.
WITNESSETH: That for divers good and valuable consideration , and a2so 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, remfse, release,
convey and confirm un[o SMA, in fee simple, the following described property, of which
tt~e Mortgagor is noa seized and possessed and in actual possession, situate in the
County of st. Lucie , State of Florlda, LO M1L~inning at the N4~ corner of Lot 99, WHITE
~I?'Y. in Section 5, Township 36 South, Range 40 East, as per plat thereof on file in Plat Book 1,
nage 23, Public Records of St. Lucie County, Florida, run East 533.5 feet to a point; thence turn
an~ run South 375 feet to a point of beginning: fram said point of beginning continue South 145
:eet to a point; thence turn and run East 144 feet to a pointF thence turn and run North 145 feet
~o a point; thence turn and run West 144 feet to the Point of Beqinning; s~eid land being otherwise
~escribed as Lot 6 and 7 of an unrecorded plat af iNidway Groves Subdivision, said subdivision-.
lying in and being a part of Lots 98 & 99 of White City as per plat thereof on file in Plat Book
page 23 ublic records of St. Lucie County, Florida
TO~E~ER with all structures and improvements 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
che habendum hereof; also all gas,. stea~, electrfc, water and other heating, cooking,
refrigerating, lighting, p2umbing, ventilating, irrigatinR, and power systems, machines,
appliances, fixtures and appurtenances, including air-conditioning, ducts, machinery and
equipment, which are now or may hereafter pertain to or be used vith, 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 property is now or shall hereafter be used
for com~aercial purposes, then the furniture and furnishings and any replacgnents thereof
which may be owned by the Mortgagor and which are now or may hereafter be loeated upon
[he above described property.
TO HAV~ 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 thatnlortgagor is indefeasibly
seized of said land in fee simple; that mortgagor has full power and lawful 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 fs free from all encumbrances; that mortgagor will make such further assurances
to perfect the fee simple title to said property in S~ as may reasonably be required;
' and that they do hereby fully warrant the title to said land and will defend the same
f against the lawful claims of all persons whomsoever.
' NOW,TNEREFORE, 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 Mortgagor and payable to the order of SMA , in the
i principal sum ofFIPTEEN THOUSAND SIX HUNDRED SEVE[~P!'Y FI~7E AND NO/lOQ----DpLLARS
~
~ 15 675.00 together with interest (while not in default) at the rate of 8~i X,
` repayable in equal monthly installments of $ 117.88, including in[erest, the first of
~
~ such paymen[s being payable on November I, 1972
; and shall perform, comply vith and abfde by each and every the stipulations, agree~nents,
i conditfons, and covenants contained and set forth in this mortgage and in the promissory
note secuted hereby, then this mortgage and the estate hereby created shall cease and
be null and void.
ANb the Mortgagor does hereby covenant and agree:
i. To perform, comply with and abide by each and every the stipulations, agreements, .
coaditions, and covenants in this deed set forth, and in the above referred to
~ promassory note.
; 2. To pay all and singular the principal and interest and other suss of noney payab2e
by virtue of said promissory note and this mortgage, or either, promptly on the
E days respectively the sane severally came due.
; NOTE: STATE DOCUMENTARY STAMPS AFFIXED TO ORIGINAI. NOTE AMD CANCELLEO.
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