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MORTGAGE
THl8 ~IORT(iAGE~ dated the First day of Februarq ~ A. D. 19 7~ , by and
between ~
DANNY LYNN McGINNIS and KAREN D. McGINNIS, his vife
hereinafter called the `lortgagor, and
STOCKTON, WHATI.EY, DAVIN & COI~iPANY ~ a corparation organized and existing under the lawa
of State of Florida , hereinafter called the ~'Iortgagee.
~Ycrnt:.~serx, that for valuable considerations, the said ~iortgagor does hemby gmnt~ bargain, sell, alien,
remise, release~ con~ey, ~s.5i~n, and con6rm unto the said ~lortg:i(~,CQ AII tIIAL rcrtain parcel of land of which the
said 111or$t agor is now xiu~i und possessed and in actual possessiun, situ~ted in the couuty of St. Lucie and
State of rlorida, described as follows: ~
Lot 3, Block 5, PINECREST ESTATES, UNIT ONE. a Subdivison
according to the Plat thereof, as recorded in Plat Book 16,
at page 34 of tLe Public Records of St. Lucie Couaty, Florida.
The mortgagor covenants and agrees that so long as this mortgage and said
note secured hereby are inaured or guaranteed cuider the provisions of the -
Servicemen's Readjustment Act, as ameaded, he will not execute or file for
record any instrument Which iaposes a restrictibn upon the sale or occupancy
of the mortgaged property on the basis of race, color or creed. Upon any
vio2ation of this undertaking, the mortgagee may, at its optian, declars
the unpaid balance of tbe debt secured hereby immediatelq due and paqable. ~
' The mortgagor further covenants that should the Veteraas Administratian fail
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or refuse to issue its guarantq of the loan secured by the mortgage under _
the Proviaion of the Servicemen's Read~ustment Act of 1944, in the sum of
i~ $12,498.75 ~rithin sixty days from the date of the loaa would normallq become
elgible for scech guaranty, the m~rtgagee herein maq, at its option declare _
all sums secured by this mortgage iIDmediately due and paqable.
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REI~I~ s.... -~tl (R PA1fINENi OF Tll~
WE ON txllSS 'C INTIWG16lE °E"~~I+tAI PP.O°ER1T,
E PURSWI~IT TO CFIAPTER 71-131, ACTS Of 1Si i.
~ ROGER PORRAC
€ tXERK qRqfR COURT, SL WCIE 00, iU. ~
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~ STATE DOCUMENTARY STAMPS AFP'IXED TO TBE ORIGINAL NOTE AND CANCELLED
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; Together with all structures and improvements now and hereafter on said land, and the renta, issues, and profita
~ ~ of the above described property (provided, however, that the lt~iortgagor shall be entitled to collecL and retain
r fhe said rents~ issues, and pro6ts until default hereunder); and a!1 fixtures no~ or her~after 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, fixtures and a part of the realty, and are a portion of the security for the
s
~ indebtedness herein mentioned:
= BANGE: TAPPAN I~ODEL #05-05243 Series #23312829 SERIAL #570705243
' RANGE HOOD: SERIES II, LOT 5
;
§ DISH f,TASHER: TAPPAN MODEL 61-1131-11/57335-33 SERIAL N0. 61-1181-11-57335-38
~ WALL to WALI. CARPET: CORTEZ_GOLD # 0803
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The expreas enumberation of the foregoing items shall not be deemed -
? to limit or restrict the applicability of anq other language descrfbing
i in general terms other property intended to be covered hereby. ~ ~
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~ TO HAVE AND TO AOLD tt1C S8Ti1@~ to~ether with sll end singular the tenements, hereditaments and appur-
~ tenances thereunto belonging or in anyw~se aQpertaining, and the reversion and reversions, remainder or re-
; mainders, and also all t6e estate, right, title, int,erest, homestead, dovver and right oi dower, separate estaf,e,
~ possession, claim and demnnd whatsoever, as weU in law as in equitp, of the said ~`iortgagor in and to the same
and every part thereof, ~ ith the appurtenances ot the said ~lortgagor in and to the same, and every part an~ -
- parcel thereof unto the said ~lortgagee in fee simple.
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