HomeMy WebLinkAbout1526 P~NA~ PE~'•
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?N~S INSTpU11ENt PREPARED BV
AE35TRACT & TITLE CORP. OF F~.ORIOA w~
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" ~ortgage
THIS DiORTGAGE, made Feb1t18ry lst . 1JG8. by and between
MICIiAEL J. MURPHY and ANN S. MURPHY, his wife,
oI County of St. Iucie . State of Florida. the "MortgagoN' (whether one or more), an6
J. T. STfiWART MORTGAC~ COPlPANY, INC.
a corporation ot the State of Florida, having its principal oftice and post oHice address at Coral GaDles. Florida. the
_ •'~iortgagee.••
WITNFSSF.'TH: The Mortgagor, for good and ~•aluable consideration recei~•ed, and also in constderation ot the pr[nclpal
sum named in the note hereinatter described, dces hereby mortgagc. ~rant, bargain, seA and convey unto the Mortgagee,
its successors and assigns. all ot the following described lot or lots„ tract or parcels of land, including therewith and as
a part thereoi, the buildings and improvements and all the rfghts. water rights. privileges. :~ereditaments and appur-
tenances, now or hernaiter in any~vise appertaintng or belonging thereto. and any part of
any street or alley adjacent. ~-acated or to be vacated. situated in the County of St. LuCiC
State of Florida, tawit:
Lot 7, Block 1 of SO[TrH PO~ ST. LUCIE,
t7NIT l, according to the Plat thereof as
recorded in Plat Book 12, at Pages 1& 2
of the Public Records of St. Lucie County,
Florida.
the "premises" herein. TOGh'THER WITH (a) all the estate. right. title, interest, homestead. dower and right of dow•er,
separate estate. property, po~ssion. claim and demand whatsoever. as well fn law as in equity, ot the Mortgagor in and
to the premises and every part and parcel thereot, and (b> the rents, issues and proSts of the premises, and (cl all fia-
tures, furnLshings and equipment now~ or hereafter during the term of this biortgage. belonging or attached to any build-
ing on the land. or whfch are installed or placed in or about any such building for use as a part thereoi in confunction
with the use or occupancy oi the building, including under the foregojng (but not 1lmited to. or by special or general
reference limtting or excluding any other Sictures. furnishings or equtpment as aforesaidl. the following: storm vestibules,
doors and windows• window, door and porch screening, awnings, shades and blinds; furnace. stoker. gas and oil and
electric burners and heaters, grates. radiators and registers. hot water heater and all heating equipment; motors. fans,
incinerato~s, sir conditioners and ventilators; all l~ghting i'uctures; wall, folding, roll out or diaappear(ng beds• linoleum•
ice boxes, refi3geration units and equipment; kitchen cabinets and un[ts; all utility unit sections; ~
All such fixtures, furnishings and equipment are and shall be deemed to be a permanent accesa[on to the land or buildings
thereon wherein placed or installed and a part of the premises, and real property as between the parties hereto and all
parties claiming by, through or under them.
TO HAVE AND TO HOLD the premises unto the Mortgagee and the successors and asstgns of the Mortgagee for-
e~•er, and the Mortgagor covenants: That he is lawfully seized ot the pmmises in tee simple and has good rlght to mort-
gage, sell and convey the premises• that the premises are free irom all liens or encumbrances whatsoever Pxcept ar.d
' unless hereinafter apeciflcally stated. and the Mortgagor warrants and will defend the premises unto the Mortgagee, its
; successo~s and asg[~?s against all claims aad demands whatsoe~ er.
THIS MOAI~GAGE IS GIVEN to secure complience with and the performance of the obligaUons and co~enants here-
in of the Mortgagor. and to secure the payment of a promissory note of even date herewith, the terms of which are in-
~ corporated herein by reference, ea•idencing an indebtedness of the ~iortgagor to the :?iortgagee in the prtncipal sum of
i
~ FOURTEEN THOUSAI~D SEVEN HtJAD~ and 00/100- - - - - - - - DpLLARS 14,700.00 ?
bearing interest irom date at the rate oi Seven cer ren~~ ~ 7 K ~
per annum on the unpaid balance, both interest and principal being payable monthly at the pdncipal o8ice oi the Mort-
t gagee, or at such other place as the holder of the note may designate in writing, by monthly installments [n the amount
E
s of O~ HUI~DI~ THIRTEEN and 93/100- - - - - - - - - - - - - - -~pLI,pRS ~=113.98 ti
x each, due and payable on the first ~y of each ande~~ery month, commencing MdZ'Ch lst , 1g68 -
~ •
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• except that monthly installment payments shall not extend beyond Febritax'y 1St , 19 88, on which date any
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~ principal and interest remaining unpaid shall be due and paid in full.
= Privilege is given to prepay in full after one year from date oi mortgage upon
~ the payment of a 1$ penalty based on the original~amount of the mortgage.
~
;t If the principal sum and interest are paid as in the note agreed and the covenants and agreements he~ein rnntained
are tully kept, pertormed and complied with, then this Mortgage shall be discharged, but it default occurs in the making
of any payment or as to any agreement, condition or covenant in the note or in this Mortgage required and agcred, the
= unpaid principal sum, interest, and all other indebtedness, the payment of which is secured ::~*eby, shall at the election
~ State documentary stamps affixed to the original note and cancelled.
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