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FHA Case 094-0733II9-221
STATE OF FLORIDA
mis INaTRUMENT PRCPAR[O ev= ~'~alter E. DBVis This form is used in connection
FHA FORM NO 2110 m ABSTf2ACT ~ TRLE CORP. OF FLA with mortgages insu~ed under the
Revised May 1971 ~ ~p ~ ~p~ p?aRCS. FwR~ow one- to four-family provisions of
the National Housing Act.
I~iURTGAGE
.
THIS MOR"TGAGE, dated the 13th. day of Mr1rCh ,.q. D. 19 72 , by and
be~ween William R. Martin and Sharyn H. Martin, his wife '
h~reinafte~ calla! the mortgagor, anJ
J. T. STS~iAR'P M~TGAGE CO[~ANY , INC .
, a corporation organizt~l and existing under the lawe of' Stdt@ Of
Florida , hereinafler called the mortgagee,
WITNESSETH, that for divers good and valuable consideration+, and also in consideration of the aggregatt sum nama! in the
promiswry note hereinafter described, the said morlgagor d~ts hercby grant, bargain, sell, alien, remiu, rclase, convey, and cunfirm unto
the said mortgagtt all that certain piece, parcel, or tract of la~xi of which the said mortgagor is now seized and posxssed and in actual
possession, siwate in the tuunry of $t. L~1Cl@
and State of FlorWa, describai ac follows:
The South 55 feet of Lot 3 and the North 25 feet of Lot 4, Blxk 1,
of WILBUW~, as per plat thereof recorded in Plat eook 6, paq~ 24 of
the Public Records of St. Lucie County, Florida.
State Documentary Stamps affixed to the original note and cancelled
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~ Together with all structures and improvements nuw a?x1 hereafter on said land, and fixtures attached ihereto, and all rents. itsues.
p~uceeYis, and profits accruing rnd to accrue frum wiJ prrmisrs, all of wfiich are incluJed within the foregoing descript~on :~nd the
; habenJum thereof: alw all ga~. +team. elcYtric. water. anJ uther hrating, awl.ing. refrigerating, lighting, plumhing, ventilating, irrigating.
i and Ewwer syctem,. machi~e.. appliaxrs. fixtures. and appurtrasrxr., which nuw arr or ma~• hereafter pertain to, or t+e used with. in. or
~ on wid premice.. evrn thuugh they be detached ix detachable_
3 TO HAVEi •~ND Hnl D thr ,ame. togethrr uiih all anJ ~ingular the tenements. hereditamcnts and appurttnances thereunto
~ hrlonging or in anyNix .?p~rtaining. ~nd the revrniun and rt~~ersiuns, remainJer .x remainden, rents. i~sue+. and profits thereof, and
alsc~ all the eaatc. ?ight. tiUr. intrrc~t, homr.traJ, dower arxi right uf duwer, separste estate. p~se+siun. elaim and demareef whats~nver. a~
~ aell in !a~ ss in equity, uf thr .aiJ murtgag~x in anJ to ~he ,amr, and every part thereof. w•ith the appurtenances of the ~sid rtx~rtgsgor in
~ anJ to the wme. anJ every part and parcel there.~f unto the wid mortgagc e in fee cimplr.
~ :~nd the mortg:+gur hrrchy :omenants with the m.x~g:~gee th:+t he i. indefea.ibly ,eired of tiaiJ land in fee tiimple: that he hac full
~ power and lawful right to ~onvey the same in fee simple as aforesaid; that it shall be lawful for the mortgagee, at all times peaceably and
yuieUy tu ~nter u{x~n, hulJ. ~xcupp. and rnjup wiJ land, arxl c~~ery part ihereof; that the la~x1 it ancl ~i11 remain free from all
~ rncumbranceti; Ihat utid m~xtgagor Nill m~L.e .uch further a,wrances to prove the fee ~imple tiUe to ~aid I~nJ in caid mortgagee as may be
~ rraurnahly reyuireJ. ~nd th:~t .aiJ rtx~rtgagur d~ hereby~ full} warrant the titie to ~aid land. and every part thereof, anJ w iN defend ihe
~ wme :+guimt the lawful cla~mc of all peru~n~ v?•homwever.
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~ F'KnV IDFD Al WAYS, and these prescnts are executed anJ Jel?vereJ upun thr follow ~ng wnditiuns. to w ir.
~ The mortgagor agees to pay the mortgagee, or order, the principal sum uf SIXT~N THOUSAIZD 'i~10 iitJNDRED AND NO~100
~ Dollan IS 16,200.00 1. ac ev~denceJ by a note of even date herew~~th, w~ith interest from date at the
rat~ uf seven per centum 1 7 ~i 1 per annum on the unpa~J balance
unul pa~J. The sa~d principal anJ ~ntercst shall be payable at the uffice of J. T. STF.WART MOKI'GAGE CO~ANY~ INC. ~
~ Svite 300-100 Miracle Mile, Coral Gables, Florida
ur at such other place as ihe holder of the note may daignate in writing, in monthly installments of ~g ~dred Seven dtid
89/100----------------------------------- ~Ilars IS 107.89 commencing un
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- the first day of AQY'il . 19 72 . and on the first day of each month thereafter until the pnncipat
and ~n~ereu :.re fully paid. except that the hnal payment of principal and ~nterest. if not xxmer paid. shall tx Jue ~nd payable on the first
: iley of March ~ 2002 .
- And shall duly, promptly, and fully perform, discharge, eaecute, effect, complete, and comply with and abide by each and every
~;r the supulatiuns, agrtements, conditions, and covenants of said promissory note and of ihis mortgage, then this rrWrtgage and lhe estate
- hereby created shall cease and be null and void.
anJ ~hr rrwrtaagor further covenants as follows:
l. lhat he will pay the indebteclnca~, as hcreinbefure providrJ. Privilege is reser~~ed to pay ~he debt in whole, or in an amuunt equal
to unc ~?r rnure nwnlhly payments on the principal that are next due on the note, on the first Jay of any moNh prior to mafurity: %
ro?~ided.
;4 huwrver, thal wntten nuuce of an intention to exercise such pnvilege i~ given at lea,t thirty (301 days pricx to prepayment; and, provided
- furiher. tha~ in the event the Jebt ~s paid in full prwr tu mawnry anJ at that time it ~s insured under the provisions of the Natiunal
~ Huusing Act. he w~ll pay to the martgagee an adjusted prtmium charge of one per cenlum I 1 ~i 1 ot the original principal am.ount thereof,
= except that ~n no e~ent ahall the adjwted premium exceeJ the aggregate :+muunt of premium charges which would hsve been payable if the
nwrtg:?ge had wntinued tu be ~nsured unti~ maturity; such payment to be applied by the mortgagce upon its obli~ation to the Socretuy of
Housing and Lrban Development on account of morlgage insurance_
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