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STATE OF ffLORiOA ~~UIYleftt Thb form is utted in connection
Stephen C. Frasier Attpr~ with mortgages insured under tha
p, 0. Box 2210 , ons• to tour-tamiy. provisions of
~ ~p penver Avenue the National Housing Ad.
StUg~r Florida 33494
MORTGAGE. gHA ~094~1°'a9s-221
a~oss~
THIS MORTGAGE. dated the 12th day of AQ~ ~ 1 . A. D. IY 7 9 , by and,
between JAMES C. GRIMES and BERNADINE S. GRIMES, his wife ~
nertit>srtercalkdtnemortsasor•ana Southern Mortgage Associates, Tnc. , authorized .t0
do business in the State of Florida
, a corporation organized and existing under the laws of Arkansas
hereinafter called the mortyigce. .
Wt'INESSETH. that for divers good and valuable considerations, and also in consideration of the aggregate wm named in the promisso-
ry mote hereinafter described. the said mortgagor does hereby grant, bargain. seN, alien, remise, release. convey, and confirm unto the said .
mortgagee all that certain piece. parcel, or tract of land of which the said mortgagor is now seized and possessed and in actual possession. silo-
ate in the counter of S t . Lucie
and State of Florida, described as tolbws:
SUBDIVISIQ~I
Lot 5, _ Block C, PLEASANT VIEW,/ according to the Plat thereof
recordtad in Plat Book 8, Paqe 53, of the public records of
St. Lucie County, Florida. .
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THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED FOR THE EXPRESS
PURPOSE OF SECURING A PORTION OF THE PURCHASE PRICE OF THE ABOVE
DESCRIBED PROPERTY.
Together with all structures and improvements now and hereafter on said land. and fixturcc attached thereto. and all rents, issues. pro-
ceeds, and profits accruing and to accrue from said premises. all of which are included within the foregoing description and the habendum thcre-
of: also all gas. steam, electric. water. and other heating. cooking. refrigerating. lighting. plumbing. ventilating. irrigating. and power systems. ~
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machines, appliances. fixtures. and appurtenances. which now are or may hereafter pertain to. or be used with. in. or on said premises. even
though they be detached or detachable.
f TO HAVE ANDTO HOLD the same. together with all and singular the tenements.fiereditaments and appurtenances thereunto belonging
fit ur in anywise appertaining. and Iht reversion and revenionc. remainder or remainders. rents. issues. and profits thereof. and alto all the estate.
right. tick. interest. homestead, dower and right of dower. stparrte estate. po++ecciun. claim and demand what+rxver. as welt in law ac in equi-
ty. of the said mortgagor in and to the +ame. and every pan thereof. with the appurtenances of the +aid mortgagor in and to the +ame. and every
~ part and parcel thereof unto the wid mort~gte in fee +imple.
Arn1 the mortgagor hereby covenanh with the mortgagee that ht i+ indefea+ibly +cized of +aid Ia11J in fee +implt: that he ha+ full power
and lawful right to convey the same in fee simple as aforesaid: that it shall be lawful far 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 free from all encumbrances: that wid mort-
gagor will make stick further assurances to prove the fee simple title to said land in wid mortgagee ac may be reasonably required. and that said
mortgagor does hereby fully warrant the title to wid land. and every pan thereof. and will defend the wme against the lawful claims of all per-
sons whomsoever.
) PROV IDED ALWAYS. and Ihexe presents are executed and delivered upon the following conditions. to wit:
- The mortgagor agrees to pay the mortgagee. or order. the principal sum of ~y~~ eight txuldred aril 00100 ,
Dollars IS 27 r $00.00 :ix evidenced by a note of even date herewith. with interest from date at the
me of c'i~ ~htllf per centum t 9 5 rX) per annum on the unpaid balance
until paid. The said principal and interest shall be payable et the office of StXIthEril M~rbgage A380CiateS, II1C, 1999 SW
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' ~ 27th Avenue, Miaani, Florida 33145 t
or at such other place as the holder of the note may designate in writing. in monthly in+tallmentc of ~ Ttao 1~]IIt$'ed thirty-I~Be aT)d
I 80/10 Do11ar+ tS 233.80 1. commencing on
the fine day of May . 1979 . and on the first day of cash month thereafter until the princip:d and
a interest are fully paid, extxpt that the final payment of prinripal and interest. if rat sooner paid. shall be due and . payable brt the fine day of
April, 2009
And shall duly. promptly. and fully pcnorm. discharge. execute. effect. complete. and comply with and •rbide by each and every the ctipu-
lations. agreements. conditions. and covenants of said promiswry note and of this mortgage. then this mortgage and the c+tate hereby created
shall cease and be null and void.
' And the mortgagor further covenants as folbws:
I. That he wiN pay the indebtedness. as hereinbefore provided. Privilege is reserved to pay the debt in whole. or in an amount eyual to one
or mare mouthy payments on the principal that are next due on the note. on the tint day of any month prior to maturity: Provided. however.
t
that written notice of an intention to e~ercice such privikFe i, given at lea+t thirty 1411 Ja + nor to prep~ymcnt.
Q ~ FHA 2110M (5 77
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