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This form is uNd in connaclipn
with mortpa9~s insurrid under IM
one- to four-family provisions of
tM National Housing Act.
MORTGAGE
THIS MORTGAGE, dated the 12th day of October ~ A.D. 19 79 , by and, between
JACKIE J. BEA and JESSICA L. BEA, his wife, hereinafter
called the mortgagor, and SOUTHERN MORTGAGE ASSOCIATES , INC . , authori2jed do do business in the
State of Florida , a corporation organized and exiuirtg under the laws of Arkansas
hereinafter called the mortgagee.
W[TNESSETH, that for divers good and valtubk considerations, and also in cortsideratioa of the aggregate sum named in the pro-
missory note hereinafter described, the said mortgagor does herby grant, bugain, sell, alien, remise, release, convey, and confirm unto the
said mortgagee all that certain piece, parcel, or tract of land of which the said mortgagor is now seized and possessed and in actual pos-
session, situate in the county of ST. LUCIE
and State of Florida, described as follovlR:
The North 37.5 feet of Lot 2, and the South 25 feet
of Lot 3, Block 6, ALAMANDA VISTA SUBDIVISION, accord-
ing to the Plat thereof as recorded in Plat Book 5,
c"t~e ~Q, P=?bliC ;:?OCCrr~c ref T.t~r_ z P f n:tniti j F1 nri r
together with the East 5 feet of vacated alley adjacent
on West of above-described property. .
***THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED FOR
THE EXPRESS PURPOSE OF SECURItJG A PORTION OF THE PUR-
~~,'~O CHASE PRICE OF THE ABOVE-DESCRIBED PROPERTY.
~ECe~~o t 53 0 ~ ~ _ .;,~,n is ~ ~ h - _ . . ~
_ • _ tH FAYS?.E'ti OF TAIt:`S
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Together with•all 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 traben-
dtlm thereof; also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and
power systems, machines, 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 detached or detachable.
TO HAVE AND TO HOLD the' same, together wilt. all and singular the tenements, hereditaments and appurtenances thereunto be-
tonging of in anywise appertaining, and the reversion and reversions, remainder or remainder, rents, issues, and profits thereof, and also all
f the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, as well in
law as in equity, of the said mortgagor in 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 simple.
And the mortgagor hereby covenants with the mortgagoe that he is indefeasibly seized of said land in 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, and enjoy said land, and every part thereof; that the land is 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 wurant 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 tieiivered upon the following conaitions, to wit:
The mortgagor agrees to pay the mortgagee, or order, the principal sum of Twenty =six thousand six h u n d r e d
a and 00/100--------------------------------- --Dollars (S 26,600.00
as evidenced by a note of even date herewith, with interest from date at the rate of -----Ten and one-half-----------------
per centum ( --------10 1/2- per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
_ office of Southern Mortgage Associates, Inc., 1999 SW 27th Avenue, Miami, Florida
.,r at such other place as the holder of the note may designate in writing, in monthly installments of Two hundred forty-three
a.zd 39/100------.---------------------------' ~ --------Dollars (S 23.39
~ ~c~mmencing on the fiat day of November 19 79 and on the first 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 October, 2009.
And shall duly ,promptly, and fully perform, dischuge, execute, effect. complete, and comply with and abide by each and every the
stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby
created shall case and be null and void.
And the mortgagor further covenants as follows:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal
t~~ 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:
r ft,~vided, however, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment.
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Rsplacls Form FHA-2110M, which is Obsolete 318 FMGE viii STATE OF FLORtOA
HUD•92110M 112-781