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HomeMy WebLinkAbout2188 ~ li~~ 8r•17,~8Z SMD • 958290 sT~r~ of f~oR~o~ ~1'13 This fOt+n ~s usb in to~n~ttior~ fHA FORM NO l110 M wiM nwrt~apa insund undN tM Revi~d Mhr 1971 0~,.- co tou~aanwy p.o~s~«+s a the National Housin~ Att. MORTGAGE THIS MORTGAGE. datod the l<t day of April . A. D. 19 ~2 . by and between EDOIB ~ slt~d RATHI~II1~ lQTC~~ H1• Wife . hereinafiter calted the mat~or, and ~ STOCR1nN, pH?TI.~C. DilVYti 6 QOl~AI~ilY . a corporation o~~ized and existin~ under tAe laws d State of Florida .~~~af?er cal~ea tne mort~ee, . WITNESSEI N. that fo~ divers sood and valuable considerations. ancf also in consideration of the a~rc~ate sum namod in the promissory note haeinafter described. the said mongasor does hereby ~aa~ barpin, sell. alien, rcmix. nlase. convey. and oo~firm ueto the said mortgs?see all that certain pieco, parcel, or tract of land of which the said monsa~or is now uiud and poasessed and in actu~ posussion. situate ia tAe county of St . Iueie and State of Florida, dacribed as follows: Lot I~, Sheraton P2ua, Unit Tfi~cea, ~eplat acoording to the Plat thereof aa recorded ia Plat Book 16, paga 12 of the Public ~ecords of St. I.ucie Couaty, Florid~. Together vith the folloving ite~a of property vhich are located in and per~snently inatalled as a part of the inprova~ent• on said land: ~ANG~B: QOLUl~OS, 1lOD~ 34G, SBtW. NUMBBR 43852 BANGS HOOD : tRAI~lI C11itSY, MO~EL 3730 SPACB ~l1T~t: FO~SJ~B, 1~8I. 465F The express enuoerati~on of the foregoing iteas shsll not be deemed to liait or reatrict the applicability of sny other language deacribiag in general tarsa other property inteaded to be cavered hereby. ~N ouE ot~ c.e~ss ~ ~Nru~sie~E ~~so*~;i ~o~ir, PfIRS11AN~ i0 Ct1APtER 71-I3t, ACTS O~F ly/l. l~6ER POlTRAS ~j'l ~11~ 1~l1[ C01ltCf~ Si. WCIE 00~ 1`1~ STATB DOCUl~TrQBY STA1~3 QFFI7~D TO Tt~ 01tIGINAL NOrl'B AND C~Cffi~. Togethsr with a!! suucwres and improvements ~ww and hereafter on said land. and 6xtures attuhed thereto. and all rc~ts. issues, praceods, and profits accruing and to accrue from said premises, all of which are included within the foregoing description and the habendum thereof; also aIl gas, steam, electric, water, and other heating, cooking, rtfrigeratiag. lighting, plumbing, veatilating, irrigating, and power systems, machines, appliances, fixtures, and appurtcnances, which now ue or may hereafter pMain to, or be used with, in, or on said premises, even though thty be detached or detachabla TO HAVE AND TO HOLD the same, together ~ith all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining, and the reversion and reversions, remainder or remaindcrs. rents, issues, and profits thereof, and aLso all the estate. right, title, interest, homestead, dower and right of dower, separate estate, paasession. ctaim and demand whatsoever, as well in law as in oquity, of the said mortgagor in and to the same, ared every pan thereof, wilA the appurtenances of the said mortgagor in and ro the same, and every part and parccl thereof unto the said mortgagee in fee simple. ' And the mongagor hereby convenants with the mortgagee that he is indefeasibly seited of said land in fee simpte; that he has full ~ powu atd IawfW right W convey the same in fee simple as aforaaid; that it sAall be lawful for tht mortgagee, st all times peaceably and ; quietly to enter upon, hoW, occupy, and enjoy said Ia~d, and every part thereof; that the Iand is and will remain free from all ~ encumbrances; that said mongagor will make such furthu assuranca to prove the fee simpte tiUe to said iand in said mortgagee as may be ; reasonabty required, and that said mortgagor doa hereby fully warrant the title to said land, and every put thereof, and will defend the ~ same against the lawful claims of all persons whomsoever. PROV IDED ALWAYS, and these presents arc exautod and deliverod upon the folbwing conditions, to wit: ~ The mortp~or asras to paY the mortpgee. or order. the principal sum d SEV~ITSE~I '1R~OIISAND FIVB HIINDBBD FIPTY Dollars (S 17 ~5~.00 az evidenced by a oote of even date herewit6, with intuest from date at the - ` rate of Sg{/~ per centum 96) per annuni on the unpsid balance f until paid. The said principal and intaest shalf be payable at ihe office d $tpC~Ctpn ~ j~latjl~ ~ jkyia ~(',p~py s 100 iiest Bay Street, Jackaoaville, Florida or at such other place as the holder of tt~e note msy daignate in writit?~. in monthly installments of OD6 HllAdt~ S~Zte6R AIId ~ 88~100 Dollars (S 116.88 commeacing on the first day of J~le , 19 72 , and on the first day of each month thereafter until the principal and interest are fullr paid. eacept that the 6nal payment of principal and interest, if not sooner paid, shall be due aod payabte on the first ` day of ~y i 2(~Z , And shall duly. ptomptly, and fully perform. discharfe. ezecute, ef1'ect, complete, and comply with and abide by ach and every = the stipulaUoris, a~raments, conditioiu, and covenaats d said pmmissory aae and d this mortgase. then this mortsase and the estate ~ haeby cruted shall ceaae and be null and vad. ~ And the mortga~or furiher covenants as totbws: 1. That he'will pay tht indebtedness, u hereinbefore provided. Privilege is rexrved to pay the debt in whde, or in an amount equal to 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_ Fiovided. however, that written notice of an intention w eaacise wch privilese is `iven at Icast thirty 130) days prior w prepayment: and. provided further, that in the event the debt is paid in full prar to maturity and at that timc it is imured under the provisioas of ;he Nstional ; Housin~ Act, he will pay to the mortgaaee an adjusted premium char~e d one per esMum 119~ ) of the ori~inal principd amouni thatof. eacept tbat in no event shalt the adjusted premium exceod the a~re~ate amount d prsmium chujes whicb would fuve been payable if the ~ mortiaRe had continuod to be inwrcd until maturity: such payment to be applied by the mat~ee upon its obliption to the Saretuy of ; Housin~ and Urban Devebpment on aocount of mor~~e inwrance. ~ TMi 1MeTRUMlNT /R[rAR[D sYt _ 1~1alt~i' E.. DtV~• ! dO(~K~ ~AGE~~ ABSTRACT Q TITLE CORP. OR FLA =OS 8. ZNO fT. FORT P~[RC[, ~LORiDA > : . - - y;- ~ "~-~r-~~ : ~ .;j ..~.,e. . ,~.."`~r~'~ ,F,.. ~~rt