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STATE OF FLORIDA This lorm is used in connection ~
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with mortgages insured under the
one- to tour-tamiy provisions of
the National Noosing Act.
MORTGAGE
THIS MORTGAGE, dated the 19th day of March . A. D. 19 79 , by and.
txtween WILLIAM E. TAYLOR and GLENDA G. TAYLOR, his wife
hereinafter caled the mortgagor. and
SOUTHERN MORTGAGE ASSOCIATES, INC.
. a corporation organized and existing under the laws of the State of Arkansas
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hereinafter called the mortgagee.
WITNESSETH, that for divers good and valuabk considerations. and also in consideration of the aggregate sum named in the promisso-
ry note hereinafter described. the said mortgagor doec hereby grant. t?argain. sell, alien. remau. rekaxe. convey. and confirm unto Ilte said 1
mortgagee all that certain piece. parcel. or tract of land of which the said mortgagor is now seized and possessed and in actual possession. situ-
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ate in the county of
and Stale of Fbrida-described as follows: ~
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Lot 27, Block 1, AMY ANNA PARK, according to the Plat thereof
as recorded in Plat Book 4, Page 72 of the Public Records of
St. Lucie County, Florida.
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REI~IYED = 9d It1 PAYIfEfIT OF TAXIS
DUE ON CLASS •C' 1?ITANG'BlE PfR:GHRI. PRQ?FkTY~ - '
PURSUAJIT TD [HAFT=1 }ti-..4, ACTS OF 1!)1,
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i AL,~ER Pi.ITkAa
CLFInt GwGUtT COi16T, Sf. CU.:IE C>a. F1A. z
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Together wdh atl structures and improvements now and hereafter on wid land. and fixtures attached thereto. and all rents. issues. pro-
coeds. and profits accruing and to accrue from said premises- all of which are included within the foregoing description and the habendum there-
oL• also all gas. steam, electric. water. and other heating. cooking. refrigerating. lighting. plumbing. ventilating. irrigating. and power systems.
machines. appliances. fixtures. and appurtenances. which raw are nr may hereafter pertain to. or tx used with. in. or on said premises. even
though they be detache6 or dctachabk. '
~ TO HAV E ANDTO HOt_D the same. together with all and singular the tenements. hereditament. and appurtenances thereunto belonging
or in anywise appertammg. anJ the reversion and reversions- rem:cinder ur rem;unden. rents. issues. and profits thereof. anJ aho all Iht estate. ~
° right. title. interest. humesteaJ. Jower and right +~t dower. separate c.tatc. p+~sse..iun. ~I:aim anJ demand wh:Nsutver. a. well in law as in equi-
ty. of the sail mortgagex in anJ to the same.:mJ every part thereof. with the :~ppurten:races of the sail mortgagor in and t+. the samc.:md every
part anJ parcel thereof unto the sail mortgagee in fee simple-
And the mortgagor hereby covenants with Iht mortgagee that ht is irulefeaahly scizcJ of saiJ Ia1+J in rte simple: that Ire has full power
~ and lawful right to convey the same in fee simple as aforesaid: that it sh:dl I+e lawful for the mortgagee. at all times peaceably and quietly to en-
ter upon. hold. occupy. and enjoy said land. and every part Ihertot: that the land is and will remain free from all encumbrances: that said mort-
gagor will make wch further aswrances to prove the fee simple title to saiJ land in wiJ mortgagee as may I+t reasonably required. and that said
mortgagor does hereby fully warrant the tuk to said land. and every part thereof. anJ will defend the same agaimt the lawful claims of all per-
sons whomsoever-
PRnVIDED ALWAYS. and these presents are executed and JelivereJ upon the following conditions, to wit: '
- The mortgagor agrees to pay the mortgagee- or order. the principal wm of TWENTY THREE THOUSAND NINE HLTNDREDFIFTY---
_ Dollars IS 23 , 950.00 ).:n eviders+:ed by a note of even date herewith. with interest from daft at the ~
raft of NINE ~br ONE HALF per centum 1 9.5 ~l1 per annum on the unp:+id t+alance
until paid. The said principal and interest shall tx payabk at the office of SOUTHERN MORTGAGE ASSOCIATES, INC .
1999 Southwest 27th Avenue -Miami, Florida 33145
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ur at such other place as the holder of the note may designate in writing. in monthly installments of R -
TWO HUNDRED ONE and 42/100-------------------------~+r1lar.tS 201.42 l.cummencin on
the firs) day of May .1979 ,and on the hrst day of each month thereafter until the principal and
interest are fully paid. except that fete final payment of principal and interest. if not scxintr paid. shall be due and .payabk on the first day of
April, 2009.
And shall duly. promptly. and fully perform-discharge- execute. effect. complete. and comply with and abide by each and every the stipu-
lations. agreem-nts. conditions. and covenants of saiJ promissory rate and of this mortgage. then this mortgage and the estate hereby created
shall cease and be null and vad-
Andthe mortgagor further covenants as follows:
1. That he will pay the indebtedness. as hereinbefore provided. Privilege is resen•ed to pay the Jeht in whole. or in an amount equal to one
or more monthly payments on the principal that arc next dot on the note. on the first Jay of any month prior to maturity. Ptovidtd. however.
that written notice nt an intention ro etereist such privilege is given at least thirty 1111 Jays prior to prepayment.
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