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Aaeptat•~e to F~fer4 Xsuun,~l
\twt~y~e Assoc~stioo
MORTGAGE
~18 MORTQAGE~ dated the Zp~ ~ day of ~cember , A. D. 19 72, by and
between ~~~d Nubbel2 Spivey and Na~ble Spivey, h3s ~vife
6ereinafter called the ~Iortgtigor, and
SOVl'fISRN MOAIG~GB I~SSOCUTES, INC.
, a corpnrption orRanized and existing under the laws
~ Stnte of ~lrknnsas , hereinatter called the riortgagee.
Wrrrtssse~ra, that for valuable cansiderations~ the said blortgagor does hereby grant, bargain~ sell, alien~
remise, release~ con~ey~ assign, and canfirn~ unto the said Dlortg,ngee all that certain parcel of land of ahich the
said 11'[ortgagor is now scized and po.5sessecl and in actual possession, situated in the couuty oi St. Iucie and
State of Florida~ described as foUows:
The Sou~h 132 feet of South ~•f the Nw~s ~f th$ SE~ ~f the Nw~
I.SSS the S~uth 10 feet and LFSS the East 25 feet, ~11 lying
i~n Sectien 2~, ~wnship 35 South, Ranqe 40 East, St. Iucie
~unty. Fl~rida.
The mortgagor covenants and agreee that so long as this mortgage and said
~ note secured hereby are inaured or guaranteed under the provisions of the
Servicemen's Read~ustment Act, as amended, he vill not execute or file for
record any instrument vhich imposes a restriction upon the sale or occupancy
of the mortgagect property on the basis of race, color or creed. Upon anq
violation of this wndertaking, the mortgagee may, at its option, decleze
the unpaid balance of the debt aecured hereby immediatelq dne and payable.
The mortgagor further covenants that should the Veterans Administration fail
or refuse to issue its guaranty of the loan secured bq the mortgage under
the Provision of the Servicemen's Read~ustment Act of 1944, in the sum of
SI1,220.00 ~?ithin sixty daqs from the date of the loan woa2d normal2y become
elgible for such guaranty, the mortgagee herein maq, at its option declare
all sums secured by thie mortgage immediately due and payable.
STATE DOCt~lII~1TARY S74~IPS AFFIXID TO THS ORSGIIg~L NOTE AI~ID CANCELI.ID.
Together a-ith all structures and improvements now and hereafter on said land, aad the rents, issues, and pmfits
of the above described property (prot ided, however, that the ~lortgagor shall be entitled to collect and retnin
the said rents, issues, and proSts until defavlt hereunder); and all fixtures now or hereafter attached to or used
in connection with the premises herein described and in addition thereto the following described household appliances~
; 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:
~
f (1) Philoo Refriqerat~r-!l~del W7U16, Serial Ne. 9XT199328
-(1) Caloric Gas Ranqe (VZtramatic) N~ Model ar Serial Numbers
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To HevE exn To RoLn the seme, together with all and singular the tenements, hereditaments and appur-
tenances thereunto belonging or in anywlse a~pertaining, and the revet~ion and rerersions, remainder or re-
mainders, and also atl the estate, right, t.itte, interest, homestead, dower and right of doKer, separate estate,
possession, ctaim and demand x~hatsoe~•er, ss well in law as in equity, of tl,e said ~Iortgagor in and to the same,
and etiery part thereof, H-itw the appurtenances ot t6e said ~lortgagor in and to the same, and every part and
parcel thereo[ unto the said ~iort~;e~;ee in fec simpie. ~talter E. Davis
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