HomeMy WebLinkAbout1209 ST-40,085
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8TATE OF FLORIDA
FHA FORM N02110 ta• This form is used in connection
Rev. Jonuaryr 1977 rttlseMlrttB+arrrev' ldw with mortgages insured under the
Af38TRACT • TfTLE C R?. OF FU one- to four-tamiy provisions of
~ s slt0 ~ Pour RHO' the National Housin0 Act.
MORTGAGE
THIS MORTGAGE, dated the 1st day of March . A. D. 1979 , by and.
between JOHNNY C. McDUFFIE AND BRENDA GAY McDUFFIE, his wife
hereirratter called the mortgagor, and
SOUTHERN MORTGAGE ASSOCIATES, INC., authorized to do business in the State of
Florida . a corporation organized and exiuing under the laws of the State of Arkansas
• , hereinafter caned the mortgagee,
WI'17VESSETH, thu tot divers good and valuable considerations, and also in rnnsidention of the aggregate sum named in the promisso-
ry note hereinafter described, the said mortgagor does hereby gent, bargain, sell, alien, remise, release, convey, and confirm unto the said
mortgagee all that crrtain piece, parcel, or tract of land of which the said mortgagor is now seized and possessed and in sctw! possession, situ-
ate inthe county of S t. Lucie
and Mate of Fbrida, described as tolbws:
Lot 146 of SHERATON PLAZA, UNIT THREE, REPEAT,
according to the plat thereof, as recorded in
Plat Book 16, Page 12, of the Publicecords of
St. Lucie County, Florida.
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- ~ Received 8 v ~ / In Pain...., is a
C r Due On Class "C" tntanyibte Porso~ gat ProC.arty.
~ ~ ptxsuant To Chapter 71, 134, Acts Ot 197 ,
ROGER POITRAS /
Cbtk Circuit Cotut. St. Lucie. Co., Fla.
~ Together with all stnfMures and improvements now and hereafter on said land, and fixtures attached thereto, and all rents, iswes, pro-
i coeds, and profits accruing and to accnfe from said premises, all of which are included within the foregoing description and the habendum there-
Y of: also all gas, steam-electric, water, and other heating, cooking, refrigerating, fighting, plumbing, ventilating, irrigating, and power systems.
~ machines, appliances, fixtures, and appurtenances. which now are or may hereattsr pertain to, or be used with, in. or on said premises, even
} though they be detsched or detachable. "
TO HAVE ANDTO HOLD the same, together with all and singular the tenements, hereditaments and appurtenances thereunto bebnging
or in anywise appertaining, and the reversion and reversions, remainder or remainders. rents, issues, and profits thereof, and also all the estate.
right. tick. interest. homestead. dower and right of dower, separate estate, possession, claim and demand whatsoever, as well in law as in equi-
ty. of the said mortgagor in and to the same, and every part thereof, with the appurtenances of the said mortgagor in and to the same, and every
part and parcel thereof unto the said mortgagee in tee simple.
And the mort~tor hereby covenants with the mortgagee that he is indefeasibly seized of said land in tee simple: th:~t he has full power
and lawful right to convey the same in fee simple as atoresard: that it shall be lawful for the mortgagee, at all times peaceably and quietly to en-
ter upon. hold. occupy, and enjoy said land. and every part thereof: that the land is and will remain [rce from all encumbrances; that said mort-
gagor will make such further assurances to prove the fee simple title to said land in said mortgagee as may be reasonably required. and that said
mortgagor does hereby fully warrant the tick to said land, and every pari thereof. and will defend the same
against the lawful claims of all per-
sons whomsoever.
PROVIDED ALWAYS. and these presents are executed and delivered upon the tolk?wing conditions, to wit:
The mortgagor agrees to pay the mortgagee. w order, the principal sum of Eighteen Thousand Six Hundred and no/100
_ Dollars (S 18, 600.00 as evidenced by a note of even date herewith, with interest from date at the
me of Nine and One Half oar centum t 9 ~ 5 per annum on the unpaid balance
until paid. The said principal and interest shall be payable at the office of
- Southern Mortgage Associates, Inc.
1999 S.i~. 27th Avenue Miatai, Florida 33145 "
or at such other place as the holder of the mote may designate in writing, in monthly installments of One Hundred Fifty Six and
43/100 Dollus(S 156.43 commencing on
the first day of April • 19 79 . and on the lust day of each month thereafter until the pnncipal and
- interesMtaue thuNy paid, except that the final payment of principal irrd interest, dnol sooner paid, shall be due and payable on the first day of
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mptly, and tally perform, discharge. execute. effect, complete, and comply with and abide by esch and every the stipu- -
lotions. agreements. conditions. and corenants of said promissory note and of this mortgage. then this mortgage and the estate hereby created
shall cease and be null and void.
And the mortgsgor f urther covenants as tolbws: -
y I. That he will pay the indebtedness, u hereinbstore prow?dad. Privilege is reserved to pay the debt in whole. or in an aanornt equal to one
y
or raore monthly payments on the principal that are next due on the note. on the first day of any month ppor b rnaturi~•;~'rovided, however.
rhat written notice of an intention to exercise such privilege rs given at least thirty (30) days prior to preoaymen[. `O~