HomeMy WebLinkAbout2905 _ J ~
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461583 ~ tom a w.e M oa+nactlon
wlt1+ mort9spea Insured ur~r an
Itrs~yent or+e- b four-hmtN Prabtone of
S C. Fro et+e t~tbnat Ibuslrq Act.
P. p ~ AtEorney
_ ~
~°,e MOI~.TGA~L _
THIS MOR'rGAGB. dated the ~ ~ day of Oe toter , A.D.19 79 and between
by ,
JONATHAN LEACHMAN and : FPANKLES F. LBACl3MAN, h_is wife, hereinafter
~ ~ • ~ SOUTIiERN MORTGAGE ASSOCIATES, INC . , aut3yorizad bo do business in
the Stabs of Florida . a oorporatloa orgartiaod and exlstind under the Lws of Arkansa s
herder tailed the rnort~ee.
wi s r~S~TH, thst for dtveta Good and valuable oonaideratlosts, and ale is oondderatlon of the to sum named in the pto-
irote h ~intt~er~d~ ed, the acid moor dce: heroby? ti~rant, barpin. w1l.lien. rattdae; nde~~oa
voy, aa~d con~na ~mto #~e
P .1 tract lmd of which the aa3d mortpsar tt now eelaed and poaessed tend m actual poa-
se:don, alfi~ ootmty of ST . LUC I8
and State of deacdhed s: follows: tsliilltl~~Q(n'
v oo C
" flu ° 3D
~ m--~
ZfT1
Lot 1, and the West 5 feet adjacent m ~~,Ao
,sru
of Vacant Alley East, Block 6,_SUNNY ~
V r
ACRES SUBDIVISION, according to the -
c~°~ Plat thereof as recorded in Plat Book ~ _ ~
8, Page 25, public records of St. ~r
2J~ Lucie County, Florida. _ I rtt ~O
3ZJ
- -o.
- v+ Dpi
**THIS IS A PURCHASE MONEY FIRST MORTGAGE ~ ~vA'
- EXECUTED_FOR THE EXPRESS~PURPOSE OF
SECURING A PORTION OF THE PURCHASE PRICE '
OF THE ABOVE-DESCRIBED PROPERTY.
MNIM18 • ~ b Nrrlrwrt Of Tasraa
01N 011 CIM NMargibM Pss~oasl Property. ,
Ptl1~1.IrItN ell.Mar 71.1 i~„ Aals a w».
~oana ~oa~s
gtlMtttilt~tlttotnllb trtllrlatDs.wa -
Together with all structures andimprovements now and hereafter on said land, and fixture: attadkd thereto, and alt rent:, laws:,
proceeds, and profits accruing and to accrue from said premises, all of vrhich are included within the foregoing desctiptlon and the haben-
dum thereof; also alt gas, steam, electric, water, and other heating, cooking, nfiigenting, lighting, plumbing, ventilating, irrissting, and
power systerrn, machines, appliances, fixtures, rnd appurtenanoe~s, which now an a may hereafter pertain to, or be used with, in, or on
said premises, even though they be detadud or detadtabk.
TO HAVE AND TO HOLD the same, togiether with all and :jugular the tenement:, hereditament: and appurtenances thereunto be-
lonEing or in a~rwise appertaining, and the reverdon and nvenio~, nmaiader or remainder:, rent:, issues, and profits thereof, ued alse:>1
the c=lefs, right, title, interest, homestead, dower and right of dower, separate estate, potsesdon, claim and demmd whatsoever, a: well is
.law as is equity, of the said mortgagor in and to the same, and every part thereof, with the appurtenances of the acid mortgagor in and to
the same, and every pout and parcel thereof unto the said mortgagee in fee sjmple.
Md the mortgagor hereby covenants with the mortgagee that he is indefeasibly seized of said load in fee simple; that he has full
• power gad lawful right to convey the same in fee simple u aforesaid; that it shall be lawfuj for tht mortgagee, at all times peaceably and
quietly to enter upon, hold, occupy, gad enjoy said land, and every part thereof; that the land b and will remain free from all encum•
trances; that said mortgagor vvID make sudt further assurances to prove the fee simple title to aid Imd in said modgagee as may be reason-
ably required, and that said mortgagor does hereby fully wamnt the title to said land, gad every part thereof, and wdl defend the same
against the lawful claims of all persons vvhomsoevsr.
PROVIDED ALWAYS, and these present: are exacted and delivered upon the following conditioru, to wit:
The mortgagor agras to pay the mortgsgee, or order, the principal wm of ztaenty--five tlxxLSard and 00/100------
25 , 000.00
as evidenced by a note of even date herewith, with interest from date at the rate of --------R~en and one-half---_--___~-__
per antum (--_--10.50------`b), Per annum on the unpaid balance until paid. The said priadpal and intercat shall be payable at the
offioeof Southern Mortgage Associates, Inc., 1999 SW 27th AVE., Miami, Florida
or at such other place as the hdder of the note may desrgnate in writing, in monthly installrrknts ofTw~o hundred twen
ty-eight
and 75/100-_~.__~~.~~~_~.-------------------------------------Dollar: (s 22x.75
commendag on the first day of November ,19 79 , and on the first day of each month thereafter untfl the
principal and interest are fully paid, except that the final payment of prindpal and interest, if not sooner paid, shall be due and payable on
the first day of Oebober, 2009.- .
And shall duly , Promptly. and fully perform, discharge, execute, effect, complete, and comply with and abide by esc6 and every the
stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, they this mortgage and the estate hereby
crated shall cease and be null and void.
And ilk mortpgor further covenants a: foIIow::
1. That he iviji pay the tndebtedn~, as hereinbefon provided. Priv&gc is rzservedto-pry-the~ebt in whole, or in an amount equal
to one or rtioi~ monthly payments on tie piintlp~l that are next due on the notb, o$ tll~ flirt day of my month prior to maturity:
t~oyTdtd. 1io~revl;r, that drritten notice o!" Sir intentidh to exercise wch priv b given at least thirty (30) days prior to prepiynient.
i Ripi~bi~ Form FHA-2110~1a, wtiieh is Obsoleb BVi~ STA~01o1N (012`78)