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•a w,. cu... u..~ This Instrd ,
ae sus. v,s ar
~iiw aa. ss°vMas~.' Stephen C, Frasier, Attot;.•~
~i K i°~'i?~ N"~ P. 0. Box 2210
X10 Denver Avenue
MORTGAGE Stuart, Florida 3349:'x"
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Taus Moss+w?as, dated t6a 8th day at August . A. D. i~g . by and , -
between
PAUL W. COLES and LOUISE W. COLES, his wife
ba~eiaaftec called the Martpjor, and SOUTHERN MORTGAGE ASSOCIATES, ANC. , authorized
to do business in the State of Florida
, a oocpaatioa organised and e>odiag under the Lwe
a[ Arkansas , he:+einafter called the Moct~ee.
Wrretssssrn, that for valuable ooasideratioas, the acid Mortgagor does hereby grant, bsr6ain, veil, alien,
, :'eleaes. eoaveY, sad oon5raa unto the said Mortgagee all that oertaia parcel of Lad at which the
said Moctgasa ie naw seised and possessed sad is aetusl possession, situsted is the oonnty of ST. LUCIE and
State c[ Florida, daeribed ss follows: - .
- The North 281.5 feet of the following described tract:
Begin at the Southwest corner of the SW~ of
the NWT of Section 12, Township 35 South,
Range 38 East, run thence East 467 feet; thence
run North 467 feet; thence run West 467 feet;
thence run South 467 feet to the Point of
Beginning; EXCEPTING therefrom the Right-of-
Way for Roads and Canals. _
-and-
The West 467 feet of the Southwest ~ of the
Southwest ~1 of the Northwest ~ less the South
467 feet thereof, less and except canal and
- road right-of-ways all lying in Section 12,
Township 35 South., Range 38 East, Saint Lucie
County, Florida.
*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. ~
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Together with all staucturea and improvements sow sad hereafter on said Lad, and the rents, issues, and pmFits
of the above described property (provided, however, thst the Mortgagor shall be entitled to collect and retain
the acid rea
ts„ issues, and proSta uat8 default hereunder); sad all Su~tuns now or~herea~ter attached to or used
in connection with the premiss herein described sad in addition thereto the foAowing described household sppli:aoes,
which sn, sad ahaA be deemed to be, 6:tures sad apart- of the realty, sad an a portion of the security for tbs
Indebtedness herein mentioned:
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Ilosiwe • D'`~ M~~otTrr
ou. on cae. ~c" 1awrMa ~•+soaal ~.r•~a. - -
Pursusnt To Chs/Iw 71,1ib AMA q lilt.
G' T ~T ~ l F N r, - ~ Clerlt CkOYIt COrrR >tt 1~MR Oo~
~ DG~:UMENTAR_Y { 5~~~-_
AJJ'9'75 -K. .r ~ ~
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To Hwvs sxo •ro Hosn the same, together with ail and singular the tenements, hereditaments and appur-
tenances t>bereunto belonging or in aaywsse appertaining, and the ceversion Mad reversions, remainder or re-
mainders, sad also ell the estate, right, title, interest, homestead, dower and ht o! dower, separate estate,
poesesswn, claim and demand whatsoever, ss well is Lw as in equity, of the aaid~ortgagor in sad to the same
sad every part thereof, with the appurtenances of the said Mortgagor in and to the same, Mad every pert sa~
parcel thereo! unto the acid Iliortgagee in fee simple. _
aaat~t3~.~ PasF