HomeMy WebLinkAbout4755 " STA E flF FLOF2IGA. ~
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- clORTGAGE .
THIS MORTGAGE DEED, executed this ~ day of December , A. D. , 19 ?2 , by
BENJAMIN D. EMERSON, JR and ELLEN S EMERSON his wife
hereinafter called the Mortgagor, yhich 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 invo2untary by operation of law, and
°ti~1~ a°^^r° fF,o c~nnlo ~n.i/nr nle~ral~ ,And the masculine and/or feminine, and ik1t11Ta1
and/or artificial persons, whenever and wherever the context so requires or admits, party
~f the first part, to SOUTHERN MORTGAGE ASSOCIATE~,a corporation organized and exist-
;~g under the laurs of the S[ate of Arkansas~ereinaf ter called SMA, which term as used
:r, every instance shall include SMA 's successors, legal representatives and assigns, party
of the second part.
WITNESSETH: That for divers good and valuable consideration , and also in consid-
eration of the aggregate sum of money r.amed in the promissory note of even date herewith,
hereinafter described, the Mortgagor does grant, bargain, se12, alien~ remise, release,
convey and confirm unto SMA, in fee sirople, the fo2lowing described property, of which
[he Mortgagor s ow ~eized and possessed and in actual possession, situate in the
Count of id~si #m~l~ ,
Y State of Fiorida, to Nit:
Lot 10, Block 2, SOUTH PORT ST. LUCIE UNIT ONE,
according to the Plat thereof recorded in Plat
Book 12, Page l, Public Records, St. Lucie
County, Florida ~ ~
t
TOGETHER with all structures and improvemen[s now and hereafter on said land and the
fixiures attached thereto, and all rents, issues, proceeds and profits accruing and to
acerue from said premises, all of which are included within the foregoing description and
the habendum hereof; also all gas, stear~, electric, water and other heating, cooicing,
refrigerating, lighting, plumbing, ventilating, irrigatinR, and power systens, machines.
appliances, fixtures and appurtenances, including air-conditioning, ducts, machinery and
equipment, which are now or may hereai ter pertain co or ne useu wit or Soi~
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
:or commercial purposes, then the furniture and furnishings and any replac ~nents thereof
which may be oac?ed by the Mortgagor and which are now or may hereafter be located upon
the above described property.
TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and
appurtenances, unto SMA in fee simple.
AND [he Mortgagar does hereby covenant with S MA thatm ortgagor is indefeasibly
seized of said land in fee simple; that mortgagor has full power and lavful right to
convey said land in fee simple as aforesaid; that it shall be lawful for SMA at all
tim~s peaceably 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 varrant the title to said land and wfll defend the same
against the lawful claims of all persons whomsoever.
NOW,T'HEREFORE, the condition of this mortgage is such that if the Mortgagor shall
well 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
principal sum of Zwventy Thousand Six Hundred and no/100------ DoLU~RS
;
i (S 20,600.00). together s~ith interest (while not in default) at the rate of g X,
i repayable in equal monthly installments of $ 1 51.1 7 including interest, the first of
` such payments being payable on February 1~ 1973
and shall perform, comply with and abide by each and every the stipulations, agreanents,
conditions, and covenants contained and set forth in this mortgage and in the promissory
note secured hereby, then this mortgage and ihe esta[e hereby created shall cease and
be nul2 and void.
A,~ID the Mortgagor does hereby covenant and agree:
1. To perform, comply with and abide by each and every the stfpulations, agreements,
conditions, and covenants in this deed set forth, and in the above referred to
prom{ssory note.
' 2. To pay all and singular the principal and interest and other su~s of noney payable
by virtue of said promissory note and this mortgage, or either, promptly on the
days respectively the sane severally co~ae due.
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RECEIVEd S~~-~ IN PAYMENt OF T~
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