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1~iu~y~~rs ~jiilf~ ~nsure~nc.c (~~r~~r~~tion 5183bibi ~° ~
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"THIS IS A BALLOON MORTGAGE AND TNE FINAL PAYlIENT OF THE BALANCE DUE UPON ~3~00
MATURITY IS $ 42,3$5.00, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL
ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE" ~
Executed the 26th day of Pebruary A.D. 1981 by
Thomas F. Deese, Jr. and Jacqueline D. Deese, his Wife
hereinafter called the mortgagor. to
George R. Landsaw and KathYyn Landsar+~ his Wife
hereinafter called the mortgagee :
1 K'Aere~•er u.ed A~rein l4e terau "enurtt~sor" ~nd "mort~a~ee" inelude all the yarties lo tAia initrument ~nd tA~
Atin, IK~1 represe~utires ~~d assitns of iadiriduals, and th~ ~uectrwn and asai~ns of corpurations: •nd the tern
"oute" ieeluJes ~11 tLe notea herein desctibed if more than uo~.-
WlTNESSETH, that for good. and valuable considerations. and also in consideration of the ag-
gregate sum named in the promissory note of even dafe herewith. hereinafter described, the mort-
gagor hereby grants. bargains. sells, aliens, remises, conve~•s and confirms unto the mortgagee all
the certain land c-f which the mortgagor is nov~ seized and in pox4esgion sitnate in
St. Lucie Count~~. Florida. viz:
Lots 6 and 7, Block 5, LANNi~100D ADDITION SUBDIVISION, as per Plat thereof in
Plat Book 6, at Fage 6 of the Public Records of St. Lucie County, Florida.
M'~~~, OiO. 0 0
fr-: •~:-~. S ~'~.OU tM PA:'~!_~T OF TAXE~
L _ : C i U = - ; '~' . '.t.:: P. :: :.. .L P.ifl7EA1Y~
f ~: ~::1ii TJ •:~ ... 7~- 3, R~TS Of il11.
. _~:i PUT~.AS
uLaK axcu.t cca:cT, sr. uu~ oo, ~R -
This mortgage may not be assumed by a subsequent purchaser without consent of
mortgagee and mortgagee reserves right to require payment in full of principal
and accrued interest in the event of sale to a subsequent purchaser if
mortgagee is not satisfied with the credit report obtained on the proposed
subsequent purchaser. Permission to assume this mortgage would not be unreasonably
with-held.
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This instrument prepared by: --
Cheryl S. Miller
Lawyers Title Insurance Corporation
P. o. sox 3845
Ft. Pierce, Florida 33u54
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Incident to the issuance of a title insurance contract.
#~~~RETURN TO LTIC~~~#
1810162
TO HAVE AND TO HOLD the same, together ~~•ith the tenements, hereditamen~g and appur-
tenances thereto bel~,nginR, and the rents, i~.sues and profits thereof, unto the mortgagee, in fee sim-
P~e•
AND the mortg<<K~-r cu~•en;~i~t. H•ith the mortgagee that the mortgagor is indefeasibl~~ seized
of sxid l:ind in fee sim~-le; that the mortgagor has good right and laK~ful authorit~~ to conve~• said
land as afore~aid : that the mortgagor will make such further assurances to perfect the fee simplc~
title to said l:~nd in the mortgagee as may reasonabl~• be required; that the mortgagor hereb~• full~-
~+•arrants the title to ~aid land and ~vifl defend the same againat the la~~ful claims of all p~~rsons
K~hom~oe~•er: ~ind that said land is free and clear of all encumbr~nces except as other.~•ise noted
herein, and an~• re~trictionQ, reservations, limitation~, eaaements, and other such covenan~g of rec-
ord.
PROVIDED ALWAYS, that if said mort~agor :~hall pa~~ unt~ said mortga~ee the certain pro-
misgor~• note, a copy of same being attached hereto and made a part hereof ; and shall perform,
compl~• ~~ith ancl abide b~ each and every the agreements, stipulationg, conditions and cnvenan~g
thereof, and of this mortgage, then this mortgage anci the estate hereb~• created. shall cease, de-
termine and be null and void.
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a~i~K349 P~~E~442