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T'his Ins:~ument Prepared b~T: 2~49'7
Stephen C. Frasier, Attorney, '~K~~~+~~~x~ 4
P. 0. 6ox 2210
310 Denver Avenu~ ~
stue~, 334~ MORTGAGE ~
THIS :IiORT(~A(~F i~ ~nade this 1~ ~dny of June , 1973 ,
I?et~~•~~~n the \iortgagor, CARL L. OAKS and RETA 8. OAKS. h]~S wife
- - - - - - - - _ (herein '~Borro»•cr"),
~u~~l tiic~ ~iortgn~;ee, Southern Mortgage Associatea, Inc. -
~ Arkansas , n corpor~?tiou ~
oi• ?iuiixed and existin~ uncier tl~e 1ii~~•s of , whosr iuldre~• ~
i, 19~9 S.W. 27th Avenue ~ Mismi ~ Florida 3311+5 (herein "i.endc~r"). ~
«''IiF.RF.AS~ R~rro~i~~r is inclebteel to I~endc~r in thr prineip~il sinn of Forty Two Thousatl$ i
and _ 00/100--.--------- Doll~rs, Khieh indebtechu~,s is ~~•idencc~d b}- Rorro~~er'~ not~~ of ev~~n ;
clate liere~citli (hemin "Zotc"), ~~ro~~idi», tor niantlil~• i~i~t~lhne>>its of principal imd i~rt~~r~~~t, ~~•itl~ ~
tl~e balance of the indebted~~~~,s, if »ot sooi?er ~riid, ~iu~~ iutd ~?tt~~:tble o~i August l, 2003. ,
ToSFC~T~~} to Le~ider (a) th~~ rep~~'ment of tlu~ iu~lc~i?teclu~~,~ e~•i~l~nrrd b.• th~~ ~ot~~, ~~•illi int~r~~~t
tl~ereo~i, t)~r pn~ment of all other sunis, ~~itli intc~re.t tli~~reon, aul~•.~nred in ileeordau~•e Lc~rc~~eitli to
~~rotect. thc sccurit;v of tl~is ~iort~a~e, un~l thc~ ~~erform:ux~~ ~~f tL~~ com•~n.rnts ,~nd ~~rec•iu~~?t~ of'
Rarro«er herein coutained. .~n~l (h) the repa~iuent of am• futin•~~ udru~?cec, tcith i~it~~re~i thrrnon,
~uude to Borro~~er br Lender pursuant to p:~ra~~rui~l~ `?1 hc~reof (her~~iu •`1+'uture A~h•.uiri~~"),
Borro~ser does ltereb~• u~urtrit~m, ~r~uit ~~n~l ~•o~~~~~~~• to I.~~~?der tlu~ follu~~•i~?r cle~~~i•iln~~l ~~ro~x~rt~-
lucated in tLe Count~ of .-St. Lucie , State of I~'lori~l.i :
All of Lot 5, Block 10, SURFSIDE, UNIT ONE, as per plat thereof recorded
in Plat Book 10, Page 17,-Public Records of St. Lucie County, Florida,
EXCEPT the following described parcel:
BEGINNING at the corner common to Lots 5, 6 and 8, of Block 10,
SURFSIDE, UNIT ONE, as per plat thereof recorded in Plat Book 10, Page
17, St. Lucie County, Florida, Public Records, run thence Northwesterly,
along the line between Lots 5 and 8, 3.4 feet; thence Northeasterly
parallel to and 2.5 feet North of the line between Lots 5 and 6, 102.17
feet to the Westerly line of South Ocean Drive; thence Southeasterly
along the Westerly line of South Ocean Drive; 2.5 feet to the line
between Lots 5 and 6; thence Southwesterly along the line between
Lots 5 and 6, 100 feet to the point of beginning.
~ STAT flF ~'LC7 R i D A~ iN ~?,n~Ear o~ ~
DO~UMENI~ARY~ S1bMP Tb x~ ~ ~~oaERn.
° UfPT.OF RE~£MiiE,~!' . • : ` pt1E ON CU1SS'C lNiAN6 ~
~ ~ 19/1.
~ RB. =•,u'~25`73 ~ fi 3. Q Q ~ P!)RSUANT 1~ ~ER PO(iW1.C
= u~~z _ ' q„ERt( CIRdiR COURT. ST. L1iCIE C0, Ft11.
This is a purchase money first mortgage executed for the express purpose
of securing a port~on of the_ purchase price of the property encumbered hereby.
NOTE: STATE DOCUMENTARY STAMPS AFFIXED AND CANCELLED
ON ORIGINAL NOTE. -
ToceTxt r~~ ith ~ill the impro~•en~eiit~ ~io~~• or l~ere.~ftei• er~cted on ti?c pi•o~e~~t~-, .tnd .z1) e~isements,
ri~l~ts, appurtenances, rents, ro~~altics, mineral, c~il .uid ~as ri~;l~tc anci ~~rofits, ~~•s~tet•, i~'Q;tE'i' 1•i~hts,
and ~~•ater stoek, ~nd 11I fixtures ~io~~ or hereafter attaeh~d tc, the propert}-, ~11 of ~chich, i~icluc~i~i~
repl~ceu~~nts:ind additions ti~ereto, ~hall lx cieen~ecl t~ be aiid remain R part of the propert~- eorered
1>}• tLi~ .1[ort~a~e; a~id all of Hie Fnre~oin„ to,cthc•i• ~~•itl~ ~:~id propert}- (or the lea~~iiol~l c~~tate
in the e~ent thi~ ~[ortTa~e is on 1~aseliold) ~rc• lieirin ref~rred to r~~ the "Properti•"
Borrower covenants that Rorrou•er is la~~~fulh• seis~~l ~?f th~ e~tate h~reb~- conti et ecl find ba4 t1~c~
?•i~ht to iuort~agc~. ~r.~nt .incl c•rnTrei- th~~ P~•opei•t~•. th~~t th~ Propert.}- is ~~nencnmbei•ed, an~l that
Borroi~•er tivill ~varrznt and clef~i?~] ;;eii~r~~ll}- th~ titl~ to the Propert}- aaainst ,~ll claims and demanrls.
~i~bjeet to anti~ ease~neiits <n~cl irstrictions liste~l in ~~h~clulc~ of exce~~tions to co~~er~~~c~ in an}• titlc~
I11Stli'ZIiCC pOIIC~" iilSUl•in;; Le~ldc~r'~ intere>f in thc~ Propert.}-.
UNIFOIiDf COVF.NANTS. Rorro~ser aTid Lendei• co~•enant an~l agrcc as follows :
1. Payment of Principal and lnterest. Borro~ver ~l~all i~romptly pay when due fhe ~irincipa( of and interest
on the indebtedness evidenced by the ?`'ote. prepayment and late char~es as provided in the Note, and the princi-
pal vf and interest on any Future Advaaces sectireci by this ~iort~age.
2. Funds for Tmces aad lnsurance. Subject to l.ender'~ option ~inder paragrap6s 4 and 5 hereof, Botrower
shall pay to I.ender on the day monthl}~ instailments of ~irincipal and interest am l~nyahle under the Note, until
the Note is paid in full, a sum fherein "Fimds"1 equal to one-t«•cifth of the yearly taxes and assessments which
may attain priority over this ~lortgage, and ground rent~ on thc Pro~~erty, if any, plus one-tnelfth of yearly pre-
mium installments for i~azard insurance, plus one-t~velfti~ of ~earl~ rremium installments for mortgage insarance,
if any, .~il as reasonably estimateci initially anc! from timc to time h~~ I,ender on the basi~ of assessments and bills
an~ reusonable est.imntes thereof. The Fund~ ~h311 hc~ hcl~l in an in~titution th ~depos' ~}~ccounts wh~ch are „
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~'I.~~A-FF~.MC-12/71-1 to 4 Famii~
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