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3TATE O!' f1.OR10A This to~m is us~d in connectio~
fNA fO11M NOl11011 with mortyap~s insurtd unde~ tM
~~O» ons- to lour-ismily provisions of
tM N~tiw~al Housin~ /1Ct.
MORTGAGE
THIS MORTGAGE, da~ed ~he 12th day ot September . ~y78 . n~ ~na.
t,c~ween Tim E. E. Webb and Dorothy Charline Webb, his wife
hereinatlercalledthemortgagor.and Southern Mortgage Associates, Inc., licensed to do business
in the state of Floric~a .
. a corporation wganizcd a~xl eaistiog urnler the laws of Arkansas
. hertinattcr calkd Ihe mongagee.
WITNESSb°I'H. that for diverc good and valuabk conciderations, and alu? in comideratiun of ~he a~rcgate wm n•rmed in ~he promi.~o-
ry note hercinatte~ Jeccrihnl. ~he said mortgagor d~xs hereby grant. t+argain. ~tll. alien_ remice. relta+e, convcy. and cunfirm unto the ~.~iJ
morlgagee rll tlwt ctrtain pic~:e. parcel. ur uact o( lan~i o( which the said mongagor is now~ ceizeJ and p~nses~ed and in xtusl ~x~..r..iun. .itu-
ateintheawntyut St. Lucfe.
anJ Sta~e o( Fkxida. JeuribeJ as follows:
Lots 3& 4, Block 2, Fleetwood Acres Subdivision, as per plat thereof on
~ file in Plat Book 10, Page 78, of the Public Records of St. Lucie County,
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; Ttiis is a purchase money first Mortgage executed for the express purpose of
3 securing a portion of the purchase price of the above described property.
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~ Togetlxr with all structure~ and impro~emeott nuN anJ hertafter on w~iJ land_ anJ fi~turr~ •rtlached Iherctu. anJ aU rentc. i~~uei. pro-
i cceds. a~td profits accruing and to accrue from ~aid premixc, all uf which are included w ithin thr foreguing Jescripliiln anJ Ihe hahrnJum Iherc-
uf; alw all gas, steam, riectric. water. anJ other heating_ cixiking. refrigeraling. tighting. plumhing. ventilating_ irriga~ing. :md M~wer .p,trm..
' machine~. appliances. fi~tures. and appurtenances. W hich now are or may herc:dtrr pertain to. or he u~ed with, in. or on .:~id premi+rc. rvrn
_ ~h.wgh they be detxhnl.x detachable.
~ TO HAVE ANDTO HOLD the came. togelher with all and singular the Ienrmenhh. IxreJitament~ anJ appurten:mce~ lhereuntu I+elonging
~ ur in .m~ wice ap{+rrtaining. anJ the rr~~er.ion and rever.~~~nc. remainder ~~r rcmainJrr.. ren~.. i..ue~. anJ profit~ thereu(_ :mJ :Jw all ~he r.iate.
~ right. title. imrrr,t. fx~me.tead. Jower :~nd riFht o( Jower..rp~ratr e~latr. M~..~~:i~.n. rlaim and JrmanJ whal.aevcr. a. Nrll in I:~w a. in ryui-
~ ~y. ut ~hr .aiJ murlg:~gur in anJ to thr .amr. :mJ rvery p:ut ~hereut. w ith ihr appurtzn:m~e. u( the .aiJ morl~:~~or in :md t~~ ~hc .am~. anJ e~ en~
~ parl anJ p:irrel Ihercof unlo ~he.:~iJ murt~get in fee ~imple.
~ AnJ Ihe mort~:~gor hrreby co~•rnant+ with 11?e mortgaget that hr i. inJefr:i.ihl~ .rierJ uf ,aiJ I:inJ in frr .implr: that hr h:~. (uN puwrr
~ and lawful right to c~?nvty the wme in fee simple as afore~aid; that it ~hall t+e lawful for the mort~gee. at all ~imtc {+earrahly anJ yuietl~~ to rn-
`5 ter upon. Mdd. occupy. anJ enjoy caid land. and every p•rrt thereo(: Ihat the land i, anJ will rem:,in frce from all encumbrancr.: Ihat wid murt-
~ gagor will makr such (urther acsur•rnces to prove the tee tiimple titk to said land in .aid mortgagee a. may hr rea.unahly reyuirrd. anJ that .aiJ
- mortg,agor d~x~ hereby tully uarrrnt tlx titk to said IanJ. anJ every part thcreuf. a~d will defend Ihe 4ime agaim~ thc I:~w(ul claim~ uf all pnr-
wn4 whom~oevcr.
PROV IDED ALWAYS. -rnJ theu pre~enl~ are euruted anJ JelivereJ uEwn the (olluw ing cunditiana. to a it:
- 'il~e mort~gor agrct+ tu pay thc mor~gagee. or orJer. the prirkipal wm of Twenty Nine Thousand ~hree Hundred and 00/ 100
Ibllars lS 29 ~ 30~ . ac evidenced by a ncue ot even d•rle hercwith. with intere~l from Jate at thr
-a rate o( Nine and One HSlf per cealum 1 9. S ~%1 per annum on the unpaid balance
unlil paid_ The wid principal and intere.l sh•rll tx payahk a~ the office o( Southern Mortgage Associates, Ine 1999
Southwest 27th Avenue, Miani, Florida 33145
` ~x at wch.xher place as tFx hoider ut the nott may Je~ignate in writing. in monthly imtallment~ uf TWO Hundred Forty Six
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j and 37/100------------------------------------------[A~IIdn~S246.37 I.commenc~nFun
= tF~e first day of OCtOber . ~9 anJ on the first day o( each monlh thereatter until the principal and
'sz interest ue fuliy paid, except that the final paymcnt of principal and irtterest. if not scwner paiJ. shrll tx due anJ payabk on the firtit day of
September, 2008 • .
_ AnJ shall duly. promptly. and lully perlorm. di~charge. execute. eBect. complete. and cumply with :+nJ abide hy earh anJ every the stipu-
latiuna, a~ueements. conditionc. ~nd corenrnts o( ~aid prumis~ory note and of Ihi~ m~xtgage. then Ihi~ murlg:~ce and IF~c e~~:~te hereby crealed
~hall ce~u ~nd lx null and void. ~
~ And the mortgagor further covenant. as fullows:
' 1. "fh~1 he will pay the indehteJnes~. at hercinbefurc provideJ. Privilege ic re~er~ cd to pay Ihe debt in whi~le. or in an amount equ•rl to une
i or mnre montbly payment~ on the principal that are nczt cluc un the nute. on ~he fir~t day of any month prior to maturiry: I'tovided. Fawever.
thal ~?'riueo notice o( ao imention lo cterci~c wrh pri~ ilege i. Fivrn al Ira.t ~hi?ty~ ~?(11 Jay ~ priiir t~~ prcpaymeet.
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