HomeMy WebLinkAbout2770 /
22651'7 ~ ~
FHA Cdse 094-066~33~~35 (i)
STATE OF FLORIDA
~ Walter E Davis This form is used in connection
FHA FORM NO 2110 m THIS INSTRU!MENT PREPAR_ p EiY• • with mortQages insured under the
Revised May 1971 . AesTRACT ec TtT e coRP. or= F~A. one- to tou~-family provisions of
zos 2ND PT. FORT PI[RGE. FIORIDA the National Housing Act.
~
MURTGAGF. ~
;
THIS :1tORTGAGE, datctii the 30th. day of M~Ch , A. D. 19 72 , by and
bciM~ren Harold David lIelras and Betty S. Iie]ms, his wife ,
hereinafter callcd the m.xtgagor, anJ
J. T. ST?~+IART M~tTGAGE CO2~SPANY, INC .
, a corporation o~ganize~i and existing under the lavrs uf StBte Of
F10Yidd , hereinafter calltd the mortgagee.
WITNESSE'TH, that for divers gooJ and valuable consiJerations, a~xi atso io consideration oi the aggregate sum named in the
p~omissory note hereinafter described, tAe said mortgagor ckxs hereby grant, bargain, xll, alien. remise, relase, conve~, and confirm unto
the said rtwrtgagee all that certain piece, parcel, or tract of lanJ of which the said mortgagar is now seixed and possessed and in actual
possession, siluatc in the county of St. LLICie
a?Ki State of Florida, describai as fotlows:
Lot 1, Block 3, CARDIt1AL GLADES, according to the Plat thereof as.
recorded in Plat Book 11, page 19 of the Public Records of St.
Lucie County, Florida ~
~a°t*G-~-:~ p MYY~f ~
~ ~C' pttAip~ }ERSOl1Al f~p~ry
~~M~'tER 7I•131? JICTi Of tpl. i»~ ~
'°o~'~ p~ ~ ~i ~ w~ a A,, ~
i
i State Documentary Stamps affixed to the original note and cance2led
~
i 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 premiset. all of w•hich are includc«i within the foregoing description and the
habendum thereoL also all ga~, titeam_ eleclric. water. and other heating, cunking. refrigerating. lighting, plumbing, ventilating, irrigating.
and power systems. machinec, appliancec, fixtures, and appurtenance~, uhich now• are ur may hereafter pertain to, or be used w~ith. in. or
un said premisec, even thuugh they be detached or detxhable.
; TO H.AVE :\~fD TO Hnl.D Ihe same, togethtr w•ith all and ~ingular the tenements, hereditaments aad appurtenances thereunto
belonging or in anyw ise appertaining. and the revenion anJ reversions, rcmainder or remainders. rent~. issues, and profits thrreof. and
alw all the ~tate, right. title. interest, homrctead, dow~er and right of dower, ~eparate eslate, possession. claem anef demarx! whatsuxver. as
wetl in law a~ en eyuity, of the ,aid mortgag<x in and to the same, and e~~ery part thereof, with the appurtenances of the said morcgagor in
i and to ihe tame, anJ every part anJ parcel there~if unto the said murtgagee in fee simple.
And ihe mortgagor hereh} convenant~ w~iih the mortgagee that he is indefeatiibly seizrd of said lartd 'en fee simple; that he has full
po~ver and lawful right to cunvey the same in fee simple as aforesaid; that it shalt be lawful for the mortgagee, at all times peaceably and
quietly tu enter upnn, huld, occupy, and enjoy said land. anJ every pan thrreof: that the fanJ es arxf will remain free from all
encumbranees that caiJ rrx~rtgagur w ill make such further atcurancec to pruve the fee simple tiUe to said land in said mixlgagee as may be
` rea..mabl~~ reyuired, and Ihat said rtx~rtgag~~r d~xs hereby fully w•arrant the tiUe to said I~nd, and every part thereof, and w~i11 dcfend the
~ same agam,t ~he lawfut claims of all perwn. whom~ver.
PROV IDED AI.WAYS. ancl Ihex presents are executed anJ deliverrJ upon ihe following conditions, to wit:
The mortgagur agrees to pay the mortgagee, or order, the principal sum of EIGF~lEEN THOUSANa FIVE IiU?dDFtED ~?ND NO/100
Dollan IS 1$ ~500.00 as evidenceJ by a rtote of even date herewith, with interest from date at the
rate of Severi per centum 1 7~%r ) per annum on the unpaid balance
until paid. ihe said pri~cipa! rnd ~nterest ~hall tx payable at the office of J. T. STEwART MORTGAGE COMPANY, INC.
Suite 300 - 100 Miracle irlile, Coral Gables, Florida
ur at tiuch olher place as the holJer of the note may designate in writing, in monthly installments of Ori@ Hundred ~aenty
Three and 21/100-------------------±~-----..pollars IS 123.21 , com
) mencing on
the first day of riay , 19 ']~,and on the first day of each rtwnth thereafter until the principat
and interest are fully paid. except that the final paymeni of principat and intarest, if not sooner paid, shall br due and payable on the first
day of April, 2002 •
And shall duly, promptly, and fully perform, dixharge, eaeccute, effect. completo, and comply with and abide by each and every
the stipulations, agreements, conditions, and covenants of said prumissory note and of this mortgage, then this mortgage and the eswte
hereby created shall ceax and be null and void.
;~nd the rtx~rtgagor further c«venanis as folfows:
1. ~fhat he will pay the inJebtedne~s, as hereinbefore providecl. Privilege is resen~ed to pay the debt in whole, or in an amount equal
tu one or rtuire rtwnthly No;:~ents on the principal that are next Jue on the nute, on the first day of any month prior to maturity: Iro~•idrd,
huwever, that wntten r.utice ~f an inteotion lo exercist such privilege is given at leatt thiRy 130) days prior to prepayme~t; anJ, pro~•ided
further. that in the ~vent th~: debl is paiJ full prior to mawrity and at that iime it is insured unJer the provisions uf the National
Housing Act, ne will pay to u~~ m,. ~da¢e,: an :uiju~ted premium charge of one per cenwm (1 of the original principal amoum thereof.
except that ~n rxr ecrnt ahall the aeljusteJ ~remium exceed the aggregate amuunt of premium charges which would have been payable if the
rrwrt~age haJ cvnlinued to be inwreJ unt~l maturity; such payment to be applied by the mortgagee upon ~ts obligation to the Secrelary of
Housing arxi Urban [kvelopment on a.:count o( mongage insurance.
~
- ~