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MORTGAGE
THIS IdORTGAGB, dated the 12th day of September , A.D.19 79 , by and, between
CHARLES O. WALCOTT and ANN WALCOTT, his wife heniruRer
caibd tt~ematt+~~ay.~a~ad~ SOUTHERN MORT~G~AGS ASSOCIATES, ~I~~NC . , authorised b~ tb busit~essin
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herelnatter gUed th0 mottp~gee.
W17T1ES56TH, that for divan good and vatuabb oonsideratlofis, and also in ooslddentiaa of the sggre6ate elm Honed is the pro-
missory note herelrlafler deaet~ed, the said mortgagor does hereby pant. harpies,sell, albs, remise, rebase, convey, and confirm unto the
said mortgagee all flat oertaia piece panxl or tract of Lad of whkh the :sid mortgagor b saw seized and possessed and in actual poe-
sesslon, situate is the county of S'~. Li}CIS
and State of Florkla, deserlbed as foliose:
Lot 7, Block 1, SABAL PALMS SUBDIVISION,
as per plat thereof on file in Plat Book
10, page 16, 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 BROPERTY.
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OCUMfNTARY~= STAMi' Tt~ ? N~~~T~
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Together with all structures and improvements now and hereafter on said land, and fixtures attached thereto, and all rent:, issues,
proceeds, and profits acccuirlg sad to accrue from said premises, aU of which are included within the foregoing description and the haben-
dum thereof; also all gas, stearrr, electric, water, and other heating, cooking, refrigerating, lighting, Plumbing, ventlgating, irrigatir?g, and
power ry:toms, madrLies, 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 detadled or detachable.
TO HAVE AND TO HOLD the acme, together with an and singular the tenements, henditaments and appurtenances thereunto be-
longing or in anywise appertaining, and the roversion and reversions, remainder or remaiaders, rents, issues, and profits thereof, and also all
the estate, right, title, interest, hornestead, dower sad right of dower, separate estate, possessIon, claim and demand whatsoever, as well in
law as irI equity, of the said mortgagor in and to the same, and every part thereof, with the appurtenances of the said mortgagor m and to
the same, and every put and parcel thereof unto the said mortgagee in fee simple.
Had the mortgagor hereby covenants with the mortgagee that he is Indefeaaibty seized of said land in fee simple; that he ha: full
power and lawful right to convey the same in fee simple as aforesaid; that It shall be Lwfui for the mortgages, at all times peaceably and
quietly to enter upon, hold, occupy, and enjoy said sand, and every part thereof; that the land Lt and will remain free from all encum-
brances; that said mortgagor will make such further assurances to prove the fee simple title to said land in said mortgagee as may be reason-
ably required, and that said mortgagor does hereby fully warrant the title to said land, and every part thereof, and will defend the same
against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, and these presents are executed and delivered upon the fottowing conditions, to wit:
The mortgagor agrees to pay the mortgagiee, or order, the principal sum of Thirty thousand and 00/100
-------------------------------------------------------•flollara (S 30 , 000.00
t!' f~t
as evidenced by a note of even date herewith, with interest from date at the rate of -------------Ten---------------
per centum ( 10 9G), per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
offlceof 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 installments of Two hundred sixty-
three and 40/100--------------------------------------Dollar: (S 263.40
commencing on the first day of October ,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 fast day of September, 2009 .
And shall duly ,promptly, and fully perform, dischuge, execute, effect, complete, and comply with and abide by each and every the
stipulations, agreement:, 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 mortp~gor further covenants as follows:
1. That he will pay the indebtedness, a: hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal
to one or more monthly payments on the principal that are next due on the note, on the first dry of any month prior to maturity:
Provided, however, that written notice of an intention to exercise such privilege is given at kart thirty (30) days prior to prepayment.
Rplacw Form FHA-ZitOM, whkh is Otxobt~ B ~~s ~~1~~ sTATE OF FWRIDA
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