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HomeMy WebLinkAbout2803 11ri. tonri to oeed to oomnetioti rran aw~apee tnwnd under tta an. ~ tour tan~ty aor~on. a !M Natio~at 1lousinp Ant. MQRTGAGE THi31lOR1GAGB. daled_ the _ - .6th _ - _ _ _ day of September-_ , A.D.19 ?9 , by cad, brtweea GARY R. MIEGAT$ and ALICB G. MILGATS, his wife, ~ - called ~ matp~ac, ~ SOUTRERN MORTGAGE ASSOCIATES, INC . authorized do cb busiaaess. in the Statya of FLari,R3a , a oorporadaa vrg~rrized sad under the b~?s o~Arkansas lteralnafter called the most~ee. t~Yl'I'N8SSB7TI, that for divers good and ratwebte ooasldeeatjom, and ale ~ oondderatlon of the agp~te srrm named m the pro. - misaaory note heraiaafter deeor~ed, the sold ntorep8oz does hereby pant. bargain, cell, alien, remhe. ralesss, caarey, and aoaflrm unto the - aatd mortp+gee alt that certain piece, parcel, or tract of land of wlikh the raid rraitgagoc b now seined and poaessed and in actual pow session, situate In ths, county of- ST. LtTCIE - ~ and Static of Florida, describtd s: foaows:. - _ _ ~ 1~INA0~ 31~t11 jHFrs 1 1 6 5 4 Lot 8 Block 3 r , SUNSET PARK (REPEAT), a nt~nltt~o(j~ iubdivision as per plat thereof on file ~ ~ Plat Book 11, page 28, of the Public N~ iii T cD Records of St. Lucie County, Florida. - ~ ~ v z~ - ~m ~ ~ R;,`, : ~1 g ~?t"' ~ tit tit ' 1=1 **THI$ IS A PURCHASB MONEY FIRST MORTGAGE Q _ ~ 3zJ~ EXECUTED FOR THE 13RPRESS PURPOSE OF SECUR- j' ~ a~ ING A PORTION OF THE PURCHASE PRICE OF THE o ~D i ABOVE-DESCRIBED PROPERTY. O ix~~- Togetber with all structures and improvement: now and hereafter on said land, and textures attached thereto; and all rant, Issues, proceeds, and pro$b accruing and to accrue front said premises, all of which are included within the foregoing description and the luiben- dum thereof; also all gas, steam, electric, water, and other heating, cooking, refrigetttiag, lighting, plumbing, ventilating, irrigating, and power systerrrs, machines, appNaaoes, fixtures, and appurtenances, which now 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 sane, together with al[ and smgWar the tenerneats, hereditamenb and appurtenances thereunto be- longing ~ is anywise appertaining, and the revtrsion and reversion, remainder ~ remaiadett, reab, i:aias, cad proAb thereof, sad also sll the estate; right, dtk, interest, homestead, dower and right of dower, separate estate, ~SSessiaa, claim and demand whatsoever, as wall is law as in equity, of the said mortgagor in-aad to the same, and every part thereof, with the appurtenance: of tlu said mortgagor iA sad to the acme, and every part and parcel thereof unto the said mortgagee in fee simple. Aced the mortgagor hereby coveaanb with the mortgagee that he is indefeasibly Seized of said End in fa simple; that he has full power cad lawful right to ttu same io fa simple a: aforeaid; that It shall be lawful for the mortgagees, at aII threes peaceably and quietly to eater upon, hold, occupy, and enjoy said sad, and every part thereof; that the laid is snd will remain free frown all encum=- brances; that said mortgagor wIU make such further assurances to prove ttre fee simple tills to said land in said mottg~ee as may be reason- ably required, and that said mortgagor don hereby fully warrant the title to :aid land, snd every psrt.thereof, cad wr71 defend the same against the lawful claims of all persons whanooever. PROVIDED ALWAYS, and these presenb are executed and deiirerad upon the-following ooaditlons, to wit: The mortgagor agrees to pay the mortgagee, or order, the principal sum of Thirty-six thousand and 00/100--- as evidenced by a note of avan date herewith, with interest from date at the me of-----------Ten------------------ per oentura (------10-----~, per annum on the unpaid balance untll paid. The said priadpal and interest shall be payable at the ofiice 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 iastallmenb of Three hundred sixteen and 08/100---------------------------------------------Dollars (S 316.08 commendag oa tlrs first day of October ,14 ?9 ,and oa the tlrst day of each month thereafter vadl the principal and interest are fatly paid, except that the final payment of principal and irrtere:<, if not sooner paid, shall be due and payable on the fast day of September, 2009 . And shall duty , P~PUY, and fully perform, discharge, execute, effect, complete, cad comply with and abide by each and every the - stipulation, agroeraenb, cmrdition, and covenants of said promissory note arm of this mortgagee, then this mortgage and the estate hereby created shalt cease and be null and road. Aced the mortgagor further oovenanb u follows: - 1.That ire wnt pay the indebtedness, s: hereinbefore prorided. Pririkge is reserved to pay the debt in whole, of In an amount squat to one or more monthly paymeab on the prlrrcipal that are next due on the note, on the first dry of any month prior to maturity: Provtdud, however, that written corks of an intention to exercise such privde8e b given at iaa:t thirty (30) day: Prior to prepayment. r STATE OF tsLOR10A R~plags Form FHA 2110M, wtrieh h Obro(fn 60~~~ P~~~ Hlltl~A2110M (i2•Tti!