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MORTGAGE
THIS MORTeGAGB, dated the 12th day of September , A.D. l9 79 , by sad, between
TOMMY D06SON ~ ~ o MARY A , 008SON, ff ! s M ! F E hemiuafter
called the mortgagor, and SOUTHERN MORTGAGE ASSOCIATES, INC . , autl7~orized b~ dD business in
the State of Florida , a corporation organized and exhtiug under the laws of Arkansas
hereinafter called the mortgagee.
'IiRTNBSSBTH, that for divers good and valuable coaddetatloat, and ala in eoaddention of the aggregate sure named m the pro.
missory cote hereinafter described, the said mortgtgor does hereby gent, bargain, sell, alien, rembe, ukase, convey, and oottfirat unto the
acid mort~ee al! that certain pteos, parcel or tract of Laud of which the said atortgagar is now seined sad posseaed and its actual poa-
sessioa, dtuate is the county of ST. LUCtIE
and State of Florids, described u follows: ~ ~
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a» of, c~.. lrw.~l~r.IMrronftl ti.r«a.
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N~lill ~~yD CENk Cirgrlt L'e1ML >t. i'~tt0liw, C0. hN. PLC
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<<zm The North 20 feet of Lot 14 and all of
?sv ~ Lot 15 and the East 6 feet of vacated
~ alley on the West, 81ock "2, SANDRA COURT,
n
- as per plat thereof as recorded in Plat
Book 8, page 45, of the Public Records
• * of St. Lucie -Count Florida.
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THIS IS A PURCHASE MONEY FIRST MORTGAGE
N ~ ' ~ EXECUTED FOR THE EXPRESS PURPOSE OF
V E ~ SECURING A PORTION OF THE PURCHASE PRICE
~ " OF THE ABOVE-DESCRIBED PROPERTY .
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Together with all structures sad Improvements now area ltereatter on sass aura, an6 irxrures aiia~aicu uicici~, ;wu w ;fib, issues,
proceeds, sad profits accruing and to accrue from :aid premises, all of which are included within the foregoing description and the haben-
dum thereof; also all gu, steam, electric, water, and other heating, cooking, refrigerating, lighting, Plumbing, veatr7ating, irrigating, and
power systems, r...w.+~es, appliances, fixtures, and appurtenances, which uow are 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, hereditaments and appurtenances thereunto be-
longiag or in anywise appertaining, sad the reversion and reversions, remainder or remainders, rents, issues, and profits thereof, and also all
the estate, right, title, interest, homestead, dourer and right of dower, separate estate, possesrdon, claim and demand whatsoever, as well is
law as in equity, of the said mortgagor iA and to the same; and every part thereof, with the appurtenances of the said mortgagor in and to
the same, and every part and parcel thereof unto the said mortgagee in fee dmple.
Md the mortgagor hereby covenants with the mortgagee that he is indefeasibly seiud of said land err fee simple; that he has full
power and lawful right 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, sad enjoy said land, and every part thereof; that the land it and will rernaiu free from all encum-
brances; that said mortgagor wip make such further aaarrrauors to prove the fce simple title to said land in said mortgagee as may be reason-
ably required, sad that said mortgagor does hereby fully warrant the title to said land, and every part thereof, sad wr71 defend the same
against the lawful cla6rr: of all peno~ whomsoever. -
PROVIDED ALWAYS, and these present: are executed and delivered upon the following conditions, to wit:
Th4mortgagor agrees to pay the mortgagee, or order, the principal:rrm of Twenty-three thousand five hundred dol-
lars and 00/100--------------------------------------------------Dollars (S 23,500.00
as evidenced by a note of even date herewith, with interest from date at the rate of ------------------Ten-----------------
per centurrr ( 10 96), per annum on the unpaid balance untr~ 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 plarx as the holder of the note may designate in writing, in monthly installments of Two hundred six dollars
and 33 100-------------------------------------------------------Dollars (S 206.33
commen~g on the first day of October , t9 79 ,and on the first day of each month thereafter until the
'principal and interest are fully paid, except that the feral 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, discharge, 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 mortgagee, then this mortgage and the estate hereby
created shall cease and be null and void.
Md the mortgagor further covenants as follows:
l .That he wlll pay the indebtedness, >s 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 day of any month prior to maturity:
Provldtd. however, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment.
R~ptaas Form FHA-21 tOM, which is Obsoltt~ aQ~)! 3~~ ~~~1~ sTATE OF Ft.ORiDA
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