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V"7528 This instrument waa prepared by:
Stephen_C.._Frati.er, A~torney
SOhYNER. 8~. FRAS.I.~R: P.A~.
P.O. Box 2210
MORTGAGE Stuart, Florida 33494
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THIS MORT(~A(~}E is made this 3~ day of October , 1973 ,
between the Mortgagor, JAMES R. CHAUNCEY and_ ~OY _ C. CHAUNCEY,._b7S--W1fE
- . (herein "Borrower"), ~
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and the :~iortgagee, _ Southern _ Mortgage _ABSOCtatee, Inc. , a corporation ~
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orRanized and eaistin under the laws of Ar`kansas , whose addres~ ~
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is - iy~y w._. ~ th _Avenue, Mtami ~ F'iorida 331t+5 - (herein "I.ender") `
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Wr.~n:;.;e R~*r~wPr ia indebted to Lender in the principal sum of Twenty ThrEe Th4usdnd Seven
iiui?u~`eti F~fty. &--~t0/100----Dollars, which indebtedness is evidencecl bv Borrowei•'s note of even
date herewith (herein "Note"), providinR for monthl~~ installments of principal anci intei•est, witl~ x
the balance of the indebted~~ess, if not sooner paid, due xnd payable on November-1, 2002 ;
To S$cux~ to Lender (a) the repayment of the indebteduess e~~idenced b~~ the Note, ~?•itl~ n~tei•c~~t
thereon, the payment of all other sums, w ith interest thereon; t~dv~nced in accordanre l~ereK itl~ to
protect the security of this Mortga~e, and ttm performance of the convenanls and a~ree~uents of
Borrower herein contained, iind (b) the i'C~IRVtti('llt O~ ttiil" tUtUTF ti(~~'ances, with interest th~reon,
made to Borrower b~ Lender pursuant to para~rapl~ 21 hereof (herein "Fnture Ad~•ances"),
Borrower does herebr iuort;a~e, grant and ecm~ey to I.end~r thc follon•ing described ~i•opert~•
located in the County of _ St. lucie _ , State of Florida:
East 1/2 of Lot 2 and all of Lot 3, Block 57, SAN LUCTE PLAZA,
UNIT ONE, according to the plat thereof as recorded in Plat
Book 5, Page 57, of the public records of St. Lucie County,
Florida.
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~ STATE ~L.JR~DA 1
~ OOCUMENTAltY,.~~:°;,~STAMP st>>~ I
_ UE?i_ Ui REVENUF f;~ ~hr-~ss ~j~ ~N pA~(t~El1T 0~ T~ .`'f,e
~ _ ~s _ Kov-~•»~:~. ~ ~ 3 5. T 0 j ~E~ ~c~t~+c~ ~P;°i~~ ~ ~
o ~ iito? ' 01~ ~ ~ ~ZER 71-13~1• ~ ~
~ Cl/i~1~j
~URT~ ~tlG{E ~ ~ `
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This is a purchase money first mortgage executed for the express purpose
of securing a portion of the purchase price of the property encumbered herebye
NOTE: STATE DOCUMENTARY STAMPS AFFIXED AND CANCELLED
ON ORIGINAL MORTGAGE. ~
Tf~F.THER ~~itL all the impro~•en~ents iio~s or hereafter erected on the prope~•t}-, and all easements,
right~, appurtenances, rents, ro}~altie~, mineral, oil flnd ras ri~hts a»d profits, ~~ater, ~ratec ri~;hts. "
:~nd water stock, and all firtures no~~ or hereafter attached to the propert~, all of «hicl~, including
?•eplacen~ent~ and additions thereto, shall lx~ deemed to be aud rem~in a part of the propert~- co~•erecl
b~• tl~is ':lfortga~e; and all of the fore~oina, to~eth~r H•ith said propert~• (or the leasehald estate
in the event t~?i~ `iort~aTe is on leasehold) ~re herein r~ferred to as the "Propert~-".
-Rorrower covenants that Rorroaer is lx~~fullr seised of the estate hereb~ con~•e~ed aud h~s the
right to mortgag~, Qrant and ~mn~e~- the ProPerh~, that the Propert}- is unencumbered, and that
Borro~rer ~~~ill ~varrant ancl defencl ~en~ralh- the title to the Propert~- a~ainst all elaims and demands,
~uhject to any easements ancl restrictions lisied in a~chedule of exceptions to co~~era~e in anr title
insurance polic~~ insurin~ Lender's interest in the Propert.~.
UN1FORh1 COVF,NANTS. Borrower and I.ender covenant and agrce as follows :
l. Payment of Principal ~d lnterest. Bormwer shall promrtlp pay when due the nrincipal of and interest
on the indebtedness evidenced by the Note, prepayment and late charges us provided in the Note, and the princi-
pal of and interest on any Future Advancea secured by this ~tortgage.
2. Funds for ?axes cmd Insurance. Subject to I.ender'~ option nnder paragraphs 4 and 5 hereof, Borrower
shall pey to Lender on the day ~nonthly installments of ~~rincip~l and interest are payable under the Note, until
the Note is paid in full, a sum (herein "Funds") equsl to one-t~elfth of the yearly taxes and assesaments which
' may attsin prioriLy over this l~Iortgage, and ground rents on the Property, if any, plus one-twelfth of yearly pre-
mium installments for hazard insurance, plus one-tweifth of yearly nremium instaNments for mortgage insurance,
if any, all as reasonably estimated initially and from time to time by I.ender on the basis of assessments and bills
and reasonable estimates thereof. The Fundc ~I~all !?e held in un institution ti~e de~its or accounts of whieh are
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~oo~ 220 P~c~ 12Si • '
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