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tMA FOIIY MO=110 M Thk form h used In conrNCNon
Rov. ,Newry 197J with mortpapa Insured undor tM
ot>? b tour-hmly provblons of
the Nadortal Housirtp Act.
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MORTGAGE
THIS MORTGAGE. deed the 21st day °t February • A. D. 1979 , by aid.
Lenten German and Sarah Iline Burse E
hereitatter called the tnortgaRor, end - ~
Southern Mortgage Associates, Inc. ~ ~ ~
. a corporation orRanired and existing under the laws of ~ The State of Arkansas
. hereinafter called the mortgagee.
Wrl'NESSE77f, that for divers Rood and valuable oonsidsrations. and also in consideration of the appcpte sum named in the promisso-
ry note hereiratter described. the :aid mortgagor does hereby grant. bargain, seN. a8ea. remise. release, convey. and confirm unto the said
ntortgagea aq flat certain pies. parcel, err tract of bad of which the :aid mortpiRor is taw seized and possessed and in actual possession. situ-
ate inthecounty of
atW State o[ Florida. dessribed aLi [olTows:
- - Lot 108, SHEBATON PLAZA, UNIT TWO REPEAT, •
according to the plat thereof as recorded
in Plat Book 16, Page 2, of the Public
Records of St. Lucie County, Florida. -
~ L.~a
Rtsoelved s In P~YtrtsM ~ Taxes
Ous On Cuss "C" Intargiblo Psnortsl ProPsrtll.
_ Pursuertt To Chaplet' 71.134. Acts a 1871. ~
Roc~ll Po1TRAS 9
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c. ~ ~ f-a. E t -
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j Together with all stntcturcs and improvements now and hereafter on said land, and fixtures attached thereto. and all rents, issues. pro-
coeds, and profits secruittg and to accnre from said premises. s8 of which arc inchrded within the foregoing description and the habertdum there-
E ot: slso all gas. steam. electric, water. and other heating. eootcirtg, rctriReratit4t. fighting, plumbing. ventilating, irrigatirtg. snd power syuems.
~ machines, spplianees. fixtures. aid sppurtenartces. which now arc or may hereafter pertain to. or be used with. in, or on said premises. tutu
~ though they be detached or detachable. ~ -
7'OHAVE ANDTO HOLD the same, together with all and singular the tenements, hereditaments and appurtenances thereunto belongit~
or in anywise appertaintttg, and the reversion and reversions, remainder or remainders. rents. issues, aid profits thereof, and also all the estate.
right, title. interest, homestead. dower and right of dower. separate estate, possession, claim and demand whatsoever, as well in hw ss in equi-
ty. of the said mortgagor in and to the same. and every part thereof. with the sppurtenances of the said mortgagor in and to the same, and every ;
part and parcel cheroot unto the said mortgagee in fee simple.
And the mortpytor hereby covenants with the mortgagee that he is indefeasibly seized of said land in tee simpk: that ice has full power
and lawful right to convoy the same in fee simpk as aforesad; that it shall Ice hwful for the mortgagee, at all times pesceably and quietly to so-
~ ter upon, hold, occupy, and enjoy said brd, and every part thereof; that the lard is and will remain free from all encumbrances; that said molt-
' gagor wiN make such further aswrartces to prove the tee simpk title to said land in said mortgagee as may be reasonably required, and flat said
mortgagor does hertby tugy warrant the title to:riid lend, and every part thereof, and wiq defend the same against the lawful calms of all per-.
sons whomsoever. t
PROVIDED ALWAYS, and these presents are executed and deNvered upon the following conditions, to wit:
~ The mortgagor agree to pay the aortgagee. or order, the principal wm of Eighteen Thous and Four Hundred and no/ 100
(t 18, 400.00 ss evidentxd by a note of even date herewith, with interest from date at tLe
rate of Nine and One Half ver centum t 9.50 `A) Pa annum on the unpaid balance .
until paid. The said prittcipat and interest shall be payable u the ofllce of Southern Mortgage Associates , Inc.
1999 S.W. 27th Avenue, Miami, Florida 33145
tx at such other place a: the holder of the note may desigrate in writing, in mouthy installments °tOne Hundred Fifty Four and
74/100 Dollars (f 154.74 ).commentangon
the fast day of Anri 1 . l9 79 . and on the Ent day. d each month thereafter until the pnncipal and
~ interest are tuBy paid except that the final payrtara of principal and interest. drat sooner paid.:haU be due and payable on the first day of
March 2009. ~ ;
3 And shat) duly. promptly. and tu/y perform. discharge. execute. etTect, complete. and comply with and abide by each and every the stipw
lations. agreements. conditions. and covenants of said promissory note and of this mortgage. then this mortgage and the estate hereby seated
~ shaN case snd be nWl and void.
And the aaAgsRor torther covenants as [olbws:
1. 71st he win pay the irtdebtedneu, u hereitsbeforc provided. Privilege is reserved to pay the deb in wlak. or in an amouru tqusl to one
or scare asontltly wvments on the princyal that are next due on the note, oa the first day of any ssonth prior to maturity • Rorided. however.
that written notice of an intattioa to exercise such privilege is given at least thirty (30) days prior to 262Q
prevaymcnt. U R ~ j QQ
BUO!( Marc" ~
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