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fl~is {t~~wnent Prep~re~
STATEOFFLOIIIOA Stta'•~f~n ~ Frasier, A~~(n~y ,
p, p, Ei~X 2210 This torm is used in co~nection
~lQ penver Avenue with mortg~~ss insured under ths
Stua?t. Florid~ 3~~ one- to tour-iamiy provtsions o1
ths Nalional Housin9 Act.
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MORTGAGE
THIS MORTGAGE, dated the ZH ~'1 Jay ot JLll1@ . A. D. 19 79 , b~ :u~J.
r+etw«n DONALD A. RHODES 811d GAROLYN RHODES~ hfS wife
hereinatter calkd the mongago?, and SOUTSERN MORTGAGS ASSOCIATES ~ INC authorized to d0
business in the State of Florida
. a corpor~lioo urganizcd and exiating u~xler ~he law~ ut Arkansas
• , hereinetter c~lkd tAe morlgagee.
WITNESSETH. that fur diver~ good and valuat+k concideralicx~s, and alco in cuntideratiun of the aggregate wm ~amed in tlx promisw-
ry note hereioatter descrilxd, the wid morlgagor doec hereby gr.nt, twgain. sell. alieo, remiu. releau. convey_ :?nd confi~m unto the +aid
mongagee aU tlwt certain piece. parcel, or tnet of IanJ of which the wid mongagor ic now ~eized and {w~sesced and in actual ~~cescian. citu-
ate in the county ot S t. Lue ie ~
and Statt o( Florida, describtJ a~ fullows: .
North 51.5 feet of South 151.5 feet of
Lot.3, Block 5, of Dittmar's Addition to ~ ~
~ Edgartown, as per plat thereof on file fn ~
Plat Book 1, at page 161, of the public ~
records of St. Lucie County, Florida; said
Lots also being shown on Assessor's map of e~~
North part of Fort Pierce, as per plat book ~ O
1, at page 164 of the public records of St.
L u c i e C o u n t y, F l o r i d a~. c~ ~ ~
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~ * THIS IS A PURCHASE MONEY FIRST idORTGAGE ~ ~ ~
' ~ EXECUTED FOR THE EXPRESS PURPOSE OF SECUR- ~ S i
~ T~ ING A PORTION OF THE PURCHASE PRICE OF THE ~
ABOVE DESCRIBED PROPERTY. k ~ ~ ~
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f ``'~_~'MEtvil~P~ ~~_:-h1~ , ( ~ i
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Together with all cttuctures and improvementc now and hernfler on ceid land_ anJ 6xture~ allached tlxreto. and all rtntc. is~uec. pro- ~
~ceds. and profits accruing and to acerue from wid premiuc. all of which are included within Ihe toregoing deccriplion ~nd ~he hat+enJum ~here-
~~f: also alt gas. steam, ekctric. water, and other heating. cooking. refrigerating, lighting. plumbing_ ventilating. irrigatiag, araf power eystems. -
machines, appliancex. fiaturcs. and appurtenances. which now are or may hereattcr pertain to. ix Fx u~ed with. in. ~ on wid premisec. even -
~ chough they be delached w detachabk_
TO HAVE AND TO HOLD Ihe wme. l~elher with all anJ ~ingular Iht tenements. hereditamentc and appurtenance~ thrreunto helonpjr?g
~ ~~r in :mywi~e apperlaining. anJ 1he rever~ion arn1 reveni~m~. remainJrr ur rem:iinJer.. rrnt.. i.,uc.. anJ profit. ~hercoL :~nJ ah~~ :dl the t.~alc.
riFht. ti1k. intert+t. homt~ltaJ. Jower :~nJ right of J~~v?~er..ep:~r:~lt e.lat~. M».e..iun. cl:iim ;mJ Jtm:mJ M hatwxver. wel! ~n i.~w~ a, in rqui-
~ iy . u( Ihe..~iJ mort~gur in anJ to the .ame. :mJ every p:~rt tMercnL with 1he appunen:~nce. ~?t 1he .aiJ murtgaF~x in anJ 1~~ IF~e .:ime.:mJ e~ery '
~ p.~rt anJ parrtl Ihertof unto Ihe ~aid murl~agte in (tt ~impk.
~ AnJ Ihe murl~e~x hereby ca?ven:ml. wilh Ihe murtgaEce Ib:d he i. inJefca.ihly ,ciieJ i.f ,.~iJ In~J in (ce .imple: th.~~ hr h:~, full M~wer
~ and lawtul right to convey the same in (te cimple a~ aforccaiJ: Ihat il shall 1x Irwful for the mon ~ ec. at rll timc~
P F {xacc~bly anJ yuitUy to cn-
ter upon. hotd. ixcupy. aruf enjoy ~aiJ land. and every pan thercof: that ~he IanJ i~ and will remain tree (nrm :~11 enrumbrance,: that w~d mort-
~ ~gix will makt wch further acwrrncee lo prove the fet ~impk litk to ~•rid IanJ in tia~d morlgagec a~ may hc rcawnably « yuired. and that wid
mortg.~or Joec hereby fully warrant the litk to wid land. anJ evcry part 1lxreot. anJ will JefcnJ the wme aFaimt ~he law(ul rlaim. of all pcr-
~ u~m whumsoever.
~ PROV (DED ALWAYS. and Ihe~e prtuntc are eiecuted :~nd JtlivereJ upon the fnllowing conJitione. to wit:
" Thc mort~eagor agreea to pay ~he mong:~eee. or nrdcr. the principal .um of Twenty-f ive thousand and ~ 0~1. ~0
~ [bllars IS 2 rj ~ 0 0 ~ ~ a~ eridenceJ by a nde o( even date herewhh. with intcre.t from Jate •rl thc
; rate of
r centum 1 1. ~
5 en pe ~ per rnnum o~ ~he unpeid 1~alar?ce
~ unlil paid. "[?~t +aiJ principal ~nd intert~I ~hall Mc payaMk at Ihc office of Southern Mortgage Assoeiates, ZI1C . i
1999 SW 27th Avenue, Miami, Florida 33145 ~
u: al wch olher place ~s Iht holder ot IAe note may Je.ignate in writing. in'monthly in.tallmemt uf Two hundred forty-one
~ w c-
' and 25/100----------------------------- tw~~r.is 241.25 l.rommtncingun .`-~~~e
the fint day o! August . i9 79and un the brst day of e~ch m~m~h ihereatter until ~he prirxi~al and
~ interest ue tully paid, ezcept that the fiml payment of principal and iMerest. if rat sooner paiJ. shali tu due ar?d payabk on Ihe 6n~ day ~
July 1999 ~
~ And sha0 duly. prompt~y. and fully pertorm. dicchargt. taecutt. eftecl, complete. ara! comply with anJ •rbidt by eacA anJ every Ihe c~i~w-
~ lations. agreemeMs, conditions, and covenanl~ of aaid promic~ory rmlc •rnd of thi~ morl ~z%
m gage. then Ihi~ murtp,age anJ the e.lrtc hereby creatrJ
~ ~hal! ccau and be null and vad. -
~ And Ihe mort~gorlurther covenantt as tolbws:
~ I. 7bat he will pay tht indeMedne+s. n htainbcforc provideJ. Priviltge i~ re~ervcJ w pay ~he debl m rhide. or ~n an amuum equa) to unt
t or nwre monthly p~ayments on the principe{ Iha~ are ne~t Jue on Ihe n~t. on tht first Jay of any month priix to ma~urily ProviJed. howcver. ~
that wriltcn notict ot a~ imention w exerci~e wch privik~e i• ~ei~en al k:+.t Ihmy 17(11 J:~y. nri~x la nrtnavmertt ~