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Tt1IS M~ATGAGE DBED, executed this 1,
day of ~y , A. D.. 19_~_. by
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.T~s W. BISCN and JANET M. BISCH, his wife
hereiaafter called the Mortgagor, i+hich terai as uaed in every it~atance shall include the
Mortgagor~a heirs, executors, administrators, successore, legal repreaentatives and
aasigns either voluntary by act of the parties, or involuntary by operation of lav, aad
shall denote the single and/or plural~ and the masculine and/or feminine, ~nd natural -
and/or artificial persons, whenever_and irherever the context so requires or adsits, party
of the first part, to SOUTHERN MORTGAGE ASSOCIATES,a corporation organized and exist-
ing under the lavs of the State ofArkansas~?eYeinafter called . SMA. which term as used ;
in every it~stance shall inc3udt SMA 's successors, legel representatives aAd assigns~ partp 4
of the second part.
FIITNESSETN: That for divers good and valuable consideration , atid also in consid-
eration of the aggregate sum of money named in the promfssory note of even date herewith,
hereinafter described, the Mortgagor does grant, bargain, sell, alien, re~ise, release, +
convey and confirm unto SMA~ in fee simple, the following described property, of which
the Mortgagor is now seized and possessed and in actual possession, situate in the
County of G,. _ r.~~~.; p . State of Fl ori da. Lo Ni t:
Lot 20 in Block 45 of RIVER PARK UNIT FIVE, according to
the plat thereof recorded in Plat Book 11 at Page 31 of
the Public Records of St. Lucie County, Florida. ~
TOGETHER with all structures and improvements now and hereafter on said land and the
flxtures attached thereto, and all rents, issues, proceeds and profits accruing and to
accrue fron said pre~nises, all of Wt?ich are included withfn the fozegoing description and
che habendu~a hereof; also all gas, steare, electric, water and other heating, cooking,
refrigerating~ lighting, plumbing, ventilating~ irrigating, and power systems, machines,
appliances, fixtuzes and appurtenances, including air-conditioning, ducts, maehinery and
equipment, which are now or may hereafter pertain to or be used vith, in or on eaid
pre~nises~ even though they be detached or detachable, and together with the abatract of ~
citle thereto, and, if [he above described property is now or shall hereafter be used ;
for commercial purposes, then the furniture and furnishfngs and any replacemeats thereof
which may be oWC?ed by the Mortgagor and whfch are now or may hereafter be loeated 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 the Mortgagor does hereby covenant with SMA that ~.ortgagor is indefeasibly
seiaed of said land in fee simple; that mortgagor has full power and IaWful right to
convey eaid land in fee simple as aforesaid; that it shall be lawful for SMA at all
times peaceably and quietly to enter upon, hold* occupy and en~oy said land; that said
property is free from aI2 encumbrances; that moztgagor 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 will 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 s
vell 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 gINA , in the ~
i principal sum of Fourteen Thousand One Hundred and 00/100 ~L~ ~
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~ 14 100.00~. together vith interest (while not in default) at the rate of g.2 5 X,
; repaya~le in equal monthly installments of $10 5.9 4• including interest, the first of
i such payments being payable on ~e first (lst) day of June, 1973 ~
; and shall perform, comply With arid abide bq each and every the stipulatioas, agreements,
coriditions, and covenants contained and set forth in this mortgage and in the promiseory
note aecuzed hereby~ then thia mortgage and the estate hereby created ahall cease and
be null and void.
AAiD the Mort a or does hereb covenant and a ree: ~
8 S Y S #
1. To perform~ comply ~aith and abide by each and every the stipulations, agreements, ~
conditions, and covenants in this deed set forth, a~d in the above referred to ~
, promtssory note. ~
2. To pay all and singular the principal and interest and other~ewrs of 4oneq payable ~
by virtue of said proaiasory not~ and thia mortgage, or either~ prospt~r oa the ~
daye respectively the sa~e severa2ly cose due. ~
HOTE: STATE DOCI~IENTARY STAt~S AFFIXEO TO ORIGINAL NOTE AND GNCELLED.
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