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MORTGAGE
THIB AlORT(lAOE, dated the 29th. day ot' November ~ A. D. 19 72 ~ by and
between Edward Farl McGlon and Katherine McGlon, his ~?i fe
,
6ereinafter called the l~lortgagor, and .
SOUTHERN MORTC'.AGE 11SSOCIATES, INC.
~ a corporation orqanized and existing under the laws
o[ State of Ar'~cansas ~ hereinafter called the Aiortgagee.
NrrNSSS~, that for valuable considerations, the said \Iorlgagor does hereby graat, bargain, sell, alien~
remise~ release. convey, assign~ And confirm unto the said rlortgagee all thut certain parcel of land of which the
said Diortgagor is now seiaed und po.ssessed and in actual possession~ situated in the oouuty of St. Lucie ~d -
,
State of Florida, described as follows: {
That part of Lot 78 lying East of a 15 foot vacated alley and the East ~i ;
of 15 foot vacated alley of i~.ARAVILLA SUBDIVISION as recorded in Plat Book
7 on pagP 31 of the Pub2ic Records ~f St. Lucie Cbunty, Florida.
The m~rtgagor covenar.ts and agrees that so long as this mor*_gage and said !
note-secured hereby are insi2red or guaranteed under the grovisions of the
Servicemen's Readjustment Act, as amended, he will not execute or file
for record any instrument which imposes a restriction upon the snle or
occupancy of the mortgaged property on the basis of race, color or creec3.
Upon am• ~-iolation of this andertaking, the ~artgagee may, at it~ option
declare the unpaid balance of the debt secured her.eby itrsnediatel~~ due and
payable.
T'~e mortgagor further c~ovenants that should the Veterans Ad~:in~_stratzon
Fail or refuse to issue its ,~aranty of the loan secured by t*:e rr~rtgagP
under the Provisior of the Ser-~icemen's Readjustr~ent Act of 1944; in the
su-n of $8,10~.~?~ ~rit~ir. sixt}• days from the date of tre ].oan w~~~ld nerc^.ally
hPCOme eligi':le foY s,~cr c,n~arart4r, the ~rtga~ee herein may, at itr option i
CecZare a~i s~~cr.s secsrec? ny t~is nortgage immediateZj~ dce and palah~e.
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c^~~mo np^L}~?r7I'A?tY STA.A'FS .'~r:`IF,FD TO T'aF QRI~2V11:. ?dOTE AIQ^ !AN!'.EI._T~'C :
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p Together with all structures and improvements now and hereafter on said land, and the rents, issues, and profits
~ of the above described property (provided, however, that the ~iortgagor shall be entitled to collect and retain
the said rents, issues, and profits until default hereunder); and all fixtures now or hereafter attached to or used
; in connection with the premises hemin described and in addition thereto the following described household applianoes,
~ which are, and shall be deemed to be, 6xtures and a part of the realty, and are a portion of the security for the
indebtedness herein mentioned:
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~ TO HAVE AND TO HOLb tb6 49MC~ together with all and singular the tenements, hereditaments and appur-
~ tenances thereunto belonging or in anywise a~pertaining, and the reversion and reversions, remainder or re-
mpinders, and also all the estate, right, title, interest, homestead, dower and right of dov~er, separate estate,
~ possession, claim and demond whatsoever, as well in law as in equity, of the said ~fortgagor in and to the same,
~ and every part thereot, H ith the appurtenances of the said ~iortgagor in and to the same, and every part and
~ parcel thereof unto the said ~iortgagee in fee simple. .
THIS tN6TRUMEKT PREPARCD BY: ~~`~~tnY r ~aV2~
^ ABSTRACT & TIT'l_E CORP. OF FLA.
.~i~n~`,~~1." (,iCk_~V~ ' , c~ t,.~T P~ERCE. FLOR:OA
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