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STATE OF FLORIOA , ' y
This form is used in connection
FHA FORM NO 2110 m wich mo~tgages insured under the
Rev~sed hlay 1971 ' • ' one- tu tour-famity provisions of
the National Housing Act.
2c~2038 ~IORTGAGE
TNIS ~IORTGAGE, data! thr ~ a~y or November , A. D. 19 ?Z , by and
n~t"CZ" Roy J. Roberts and Jeanette E. Roberts, his wife •
hrrrinal[tr calltd the mortg:?gor, and
SOUTHERN INORTGAGT ASSOCIATES, INC.,
, a corporatiun organiznl and existing under tha law~ of Arkansas
, htreinafter called the m~xtgagte,
~~'If\ESS[TH, that fi+r divccs gaxl and valuabtt cunsiderations, and also in considrration uf tha aggregate sum namtd in tht
promi;wry nott h~reinafter dtxribrJ, the said murtgago~ dues hereby grant, bargain, srll, alirn, ~emise. relsse, convey, and confirm u~to
the s:iid murtg~gce all that certain piece, parcel, ur tract of IanJ uf whith tht said mortgagor is now s~izrd and poutsstd and in actual
poa~s~ion. ~ituate in the county uf $'t. I,UC1@
• arxl State oC Flurida, drscribtd as folluws: •
Lot 7 and the Southerly 12.49 feet of Lot 6(as measured
along the front and-rear lot lines), Block 6 of PALM HAVEN
SUBDIVISION, UNIT 1, as recorded in Plat Book 8, Page 44,
St. Lucie County, Florida.
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Together with all siructures and improvements now ae?d hereafter on said land, anJ fixtures attached therero, and all rents, issues.
proceecis, and profits aceruing and to :.ccrue from said premiies, all of which are irtclud~l within the foregoing description and the
habtndum thertof; also all gas, stram, electric, water, and uther heating, cooking. refrigtrating, lighting, plumbing, vzntilating, irrigating,
;~rtd power systemi, machin{s. •rppliances, fiatures, and appurtenancrs, which now art or may her~after pe~tain tu, ur be uxd with, in, or
, on ~aid premi,es, even thuugh they be detached ur detachable_
"f0 HAVE AVD "tU HUI.U the aamr, togtther with all and singular ihr te~ements, heraJitamznts and appurten:u~ces thtreunto
brlunging or in anywi~ appertaining, anJ the reversion and rtvrrsions, remainder or remaindtrs, rents, issues, and profits thtreof, and
a!~~ all the estate, right, tidr, interrst, homestrad, dowcr and right oi' dower, separate estatt, possession, claim and dtmand whatsoever. as
.~tll in law as in eyuity, uf the said mortgagor in and to che sama, and every part thereoF, with the appurttnances of the said mortgagor in
snd to the same. and every part and parcel thereof unto the saiJ mortgagee in [e~ simple.
And the mortgagor hrreby convenants with the mortgagte th:?t he is indefeasibly seized of said land in fee simplz; that he has full
power and lawful right to convey the same in fee simple as aforesaid; that it shall be lawful for tha mortgagee, at all timas peaceably and
I quictiy to enter upon, hu1J, acupy, and enjoy said land, and every part thereo(; that the land is and will rrmain free from atl
enc~mbrances: that said mortgagor will make such further aisurances tu prove the fee simpl~ tid~ to said land in said mortgagee as may be
i rea~unably requirrd, and that saiJ rtwrtgagor dues hertby fully wa~rant the iiila to said lan~1, and every part thereof, and will defend tht
~ samr against ihe lawful claims of all penons whomsoever.
r PROV IDED ALWAYS, and these presents are executecl and delivered upon the following conditions, to wit:
~ The mortgagor agrtes to pay the mortgagee, or order, the prinCipal sum of Twenty Thousand Four Hundred Fi f ty
' Dollars (S 20, 450.0~ at evidenced by a note of even date herewith, wiih inttrest from date at the
rate of seven per centum ( ~ :'c ) pz~ annum on the unpaid balance
unti~ paid. The said principal and interest shall be payable at the office of Sout hern Mortgage Assoc iates , Inc .
Miami, FZorida
or at such other ptace as the Aolderoithe note may designate in uriting, in monthly installmCnts of ~ri8 Hundred Thirty
S1X and 20/200---------------------- ~~~~rs (S 136 . 20 commencing on
' the first day of Deeember . 19'j2 , and on tht first day of each month thereafter until the principal
and interest are fully paid, except that the final payment of principal and interest, if not sooaer paid. shall be due and payable on the first
~3r ~f November 2002 .
, AnJ shall duly, promptly, and fully prrform, discharge, execute, effect, complete, and comply wi[h and abide by each and every
the stipulations, agreements, conditions, and covenants of saed promissory note and of this mortgage, then this mo~tgage and the estate
he~eby created shall ceax and be nul{ and void. _
, And the mortgagor farthe~ covenants as follows:
1. That he will pay the indebtedness, as hereinbefore provided. Rivilege is reserved to pay the debt in whole, or in an amount equal
to onr or awrt monthly payments on the principal that arc next due on the note, on.the first day of any month prior to maturity: /'ruvided,
howrver, that written notice of an intention to exercix such privilege is given at least thirty l30) days prior to prepayment; and, provided
further, that in the event the debt is paid in ful~ prior to maturity and at ihat time it is insured under the proviciom of the tiatiunal
Hou~ing Act, he will Pay to the mortgagee an aJjusted premium charge of one pcr centum (1 ~'i ) of the original principal amount thereof,
eacept that i~ no event shall the adjusted prrmium eacead thz aggrrgate amewnt of premium chargcs which wou1J have been payable if the
rtwrtgage had continued to be inwred uncil maturity; such payment to be applied by the mortgagee upon its obligaaon to the Secretary of
Housing and Urban Derebpmtnt on aocount of mortgage insurance. ~0i
Boo~ zos FA~~
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