HomeMy WebLinkAbout2936 ` la,
,This Instrurrtent Prepared bY7 ~
~ephen C. Frasier, Attorney - ~
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tM Natboat Houslrt~ Act.
MORTGAGE
THIS MORTGAGE, dated the ~ 16th day of August , A.D. 19 79 , by and, between
WILLARD D. SEABEES and MARINA D. SEABEES, his wife hereinafter
called themortgagor,and SOUTHERN MORTGAGE ASSOCIATES, INC., authorized to do business in
the State of Plorida , a corporation organized and exhtirrg under the lays of ARKANSAS
hereinafter called the mortgagee.
WIINESSETH, thit for divers good and valusbk eoruideratloas, and also in oonsidentioa of the aggrogate sum Warned in the pro.
miaory sole hereinaRer daertbed, the aid nartgagor does hereby gnat. bargain, sell, alien, remise, ukase, convey, and confirm unto tha
said mortgsgee all that oertaia pkee parcel or tract of laud of whkh the aid mortgagor is now seized sad possessed sad iA actual poa•
session, sdtuate in the county of S71. LU'CIB
and S4te of Florida, described as follows:
Lot 20, Block 2, CLYDESDALE HEIGHTS SUBDIVISION,
according to the plat thereof, as recorded in
Plat Book 9, page 59, of the Public Records of
St. 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.
t'~.' ~ ! ~ I ~ ~ ~ ~ 1_ C 1 ~J i lEI:B~EO i 5 - ° o • M~I~R Oi TA1IEt
t~ U C t ?M E N ~ A_ k_~ ° : e~ S t : ~ r1A F ; t. i ~ ouE oN cuss 'C INTANOtti E ?ERINIAL PtgPER1Y.
r;F i~EV_:v ~ ( iURSUAItT TO Ui1tPTER TI•t34, Aci= Off Mj~
= 1;~ ROGER POITRAi~.~(_yep
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Together with ail structures and improvements now and hereafter on said land, and fixtures attached thereto, and all rents, issues,
proceeds, and profits accruing and to accrue from said premises, all of which are included within the foregoing description and the haben-
dum thereof; also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrimgatir~; and
power systems, machines, appliances, fixtures, and appurtenances, which now an or may hereafter pertain to, or be used with, in, or on
said premises, even though they be detached or detachable.
TO HAVE AND TO HOLD the same, together with all and singular the tenements, hereditament: and appurtenances thereunto be-
j longing or in anywise appertaiaiag, and the reversion and reversions, remainder or remainders, nsnta, iswes, and profits thereof, and also all
the estate, right, title, interest, homestead, dower and right of dower, separate estate, posseadon, claim and demand whatsoever, ss well in
law as in equity, of the acid mortgagor in and to the same, and every part thereof, with the appurtenances of the said mortgagor in and to
the acme, and every part and pucel thereof unto the laid mortgagee in fee simple.
Md the mortgagor hereby covenant: with the mortgagee that he is indefeasibly seized of said land in fee simple; that he has full
power and lawful fight to convey the same In fee simple as aforesaid; that it shall be lawful for the mortgagee, at all times peaceably and
quietly to enter upon, hold, occupy, and enjoy said land, and every part thereof; that the land is and will remain free from all encum-
brances; that aid mortgagor will make wch further assurances to prove the fee simple title to said land in said mortgagce a: may be resson-
ably required, and that said mortgagor does hereby fully warrant the title to said land, and every part thereof, and will defend the carne
against the lawful claims of all persons whomsoever.
# PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
~ The mortgagor agrees to pay the mortgagee, or order, the principal sum of Twenty-eight thousand five hun-
dred and 00/100.----------------------------------------Dollara(S 28,500.00
~ as evidenced by a note of even date herewith, with interest from date at the rate of -----------Ten-----------------
per centurn ~.-__-__10____ per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
office of Southern Mortgage Associates, 1999 SW 27th Avenue, Miami, Florida
or at such other place as the holder of the note may designate in writing, in monthly instaWnents of Two hundred fifty -dol-
lars and 23/100----------------------------------------Dollara(S 250.23
~ commencing on the fire day of OetOber , 19 79 , and on the fast day of each month thereafter until the
principal and interest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and payable on
the first day of September, 2009 .
And shall duly ,promptly, and fully perform, discharge, execute, effect, complete, and comply with sad abide by each and every the
stipulations, agrcements, conditions, and covenants 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 further covenants as follows:
F 1. That he will pay the indebtedness, as hereinbefore provided. Privilege b resernd to pay the debt in whole, or in an amount equal
~ to one or more monthly payments an-the principal that are next due on the note, on the first day of any month prior to maturity:
Provided, however, that written notice of an intention to exercise wch privilege is given at least thirty (30) days prior to prepayment.
Replaces Form FHA-Z110M, which is Obsolete STATE OF FLORIDA
aDOK~ 4 PAGE2~r,GO HUD-92110M 114.781
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