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ST-20 5S5
2391~6
MORTGAGE
TNIS NORTGAGE DEED, executed this 3rd. day of October , p, 0.. 19 72 ~ by
Tosenh th~Qazns and Annie th~a4ins his wife
hereinafter called the Mortgagor, Which 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 lav, and
shall denote the single and/or plural~ and the masculine and/or fe~ninine, and nacural
and/or artificial persons, whenever and wherever the context so requires or admfts, party
of the first part, to SOUTHERI~ MORTGAGE ASSOCIAT~Ca corporation organized and exist-
ing under the lavs of the State of Arkarisas~ereinaf ter called SMA, which term as used
in every instance shall include SMA 's successors, legal representatives and assigns, party
of the second part.
WITNESSE1~f: 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 confirm unto SMA, in fee simple, the following described property, of whi~h
the Mortgagor is now seized and possessed and in actual possession, situate in the
County of st. Lucie , State of Florida. to Nit: '
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The North 75 feet of the South 100 feet of the East 127.5 feet of
the t~test 152.5 feet of the h•est Half of the North Half of the SE~i
of the NW~i of the 5E~ of Section 8, T«,mship 35 South, Range
~0 F.ast •
TOGETHER uith al~ 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
the habendum hereof; also all gas, stear~, electric, vater and other heating, cooking,
refr:gerating, lighting, plumbing, ventilating, irrigatinq, and pover systens, 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 S
premises. even though they be detached or detachable, and together with the abstract of
title thereto, and, if [he above described property is now or shall hereafter be used
for cocmnercial purposes, then the furniture and furnishings and any replac ~nents thereof
wnich may be owned by the Mortgagor and which are now or may hereafter be loeated upon
the above described property.
TO HAVE AND TO NOLD the same, together with the tenenents, hereditaments and
appurtenances, unto SMA in fee simple.
AND the Mortgagor does hereby covenant with SMA tnatnlortgagor is fndefeasibly
seized of said land in fee simple; that mortgagor has full power and lawful right to
convey said land in fee si.mple as aforesaid; that it shall be lawful for SMA at all
times peaceablp and quietly to enter upon, hold, occupy and enjoy said land; that said
property is free from all encumbrances; that mortgagor will make such further assurances
co perfect the fee simple title to said property in SMA as may reasonably be required;
and that they do hereby fully warrant the title to said land and vill defend the same
against the lawful claims of all persons whomsoever.
NOW,THEREFORE. the condition of this mortgage is such that if the Mortgagor shall
we21 and truly pay unto SMA ttte indebtedness evidenced by that certain promissory note
of even date herewiih, made by the Mortgagor and payable to the order of gi~ip~, in the
' pr inc ipal sum of TWENTY ONE T~IOUSAND (J!dE HUNDRED FIFTY AND NO/100--------0OLIARS
22,150.00 together with interest (whfle not in default) at the rate of ~ Z,
repayable in equal monthly installments of $ 155.2 ~ including interest, the first of
such payments being payable on Novem~er 1 1972
aad shall perform, comply vith and abide by each and every the stipulations, agreements,
conditions, and covenants contained and set forth in this mortgage and in the promissory
note secured hereby, then this mortgage and the estate hereby created sha12 cease and
be null and void.
A,~1D the Mortgagor does hereby covenant and agree:
1. To perform, comply wfth and abide by each and every the stipulations, agreements,
conditions, and covenants in this deed set forth, and in the above referred to
promjssory note.
2. To pay aIl and singu2ar tt~e principal and interest and other suas of ~oney payable
by virtue of said promissory note and this mortgage, or either, promptly on the
days respectively the sane severally come due.
NOTE: STATE DOCIA~IENTARY STAhPS AFFIXED TO ORIGINAL NOTE AND GNCELLED. .
G R / TIIB INSTRUMENT PREPARlD er: W~~ter E. TJdV~S
ao~~K 2QU PAGf r ~ ABSTRACT & TITLE CORP. OF FLA.
!06 S. 2ND 4T. FORT PIERCE. FLORIDA
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