HomeMy WebLinkAbout0878 ~ ST•17,489
~ , ~ ~i~t f ~;9S~307 ~ ' '
STATE OF FLORIDA '
v tiN~ This fwm is used in connection
FHA FORM NO 211Q m with mortgages insured u~der the
Revised May 1971 ~ ~ one- to four-famity p~ovisions of
---.,~t ~ t~ the National Housing Att.
di1E°M~ ~
r~`` ~ MORTGAGE
a~ 229323
THIS MORTGAGE, dateci the l~t day of ~T~l , A. D. 19 7'1 ` , by and
between ~ $'rQY~S ~ i •~D$1! il~lilt .
hereinafler c:llod the morlsagor. and
~ ~ il~i~Tf.~aY. IuQII~1 8 C~~Y
, a corporation organiud and eaisting under the laws of
8tat~ of ~lorida . hereinalier called the mortgagee.
W ITNESSETH, that for divers good and valuable considerations, and also in consideration ot the aggregate sum named irt the
promissory note hereinafler describod. the said mortgagor does hc~eby grant, bugain, sell, alien. remise. ~elase. convey. and confirm unto
the said mongagee aU that certain piece, parcel, or tract of land of which !he said mortgagor is now uized and possessed and in actual
possession, situate in the county of
$t. Lucie and State of Florida, describod as follows:
Lot 159, Sheraton Plau, Unit i~tcse, ~eplat,
according to tha PLt thar~of as recorded in
Ylat Boot 16, page 12 0! the lnblic lecords
of 8t. Lucia Couat~, Flosida.
Together vith the ~olloving itsa of proparty vhich are ~ocat~d in and per~nently
inatalled as a part of tht inpravwfnta on said land:
BAIiGB: 00?.jRm08, ~EL 34G, S~IAL 387i6
~NGE HOOD: ~il~ti C~lY, MQDII. 3730
SY~CE ~T~: F~811I~E, I~EL 46'S1~
The es~ree• en~eration of the foregoing itess sball not be dee~ed to liait or
reatrict the applicability of any othar language describing in general teres other
P=oP~=t9 inteadsd to be cavered hereby.
State Docss~entary Staeps affi~ced to the original nota and cancalled. ,
Togeiher with all siructures and improvements now and hereafter on said land, and fixtures attached thereto, and all reats, issues.
, proceeds, and profits accruing anef to accrue from said premius, alt of which are includai within the forcgoing description and the
habendum thereof: alxo all gas, steam, electric, water, and other heating, cooking. refrigerating, lighting, plumbing, ventilating, irrigating.
and power syslems, machines, appliances, fixtures, and appurtenances, which now are or may hereafter pertain to. or be used with, in, or
i on said premises. even though they be detached or detachable.
TO HAVE .4ND TO HOI.D the same. together with all and sirtgular the tenements, hereditaments and appurtenances thereunto
belonging or in anywise appertaining, and the reversion and reversions, remainder or remainders, rents, issues, and profits thereof. and
also all the estate, righl, title. interest, homestead, dowcr and right of dower. separate estate, possession, claim and demand whatsoever, as
~ well in law as in aquity, of the said mortgagcx in and to the same, and every part thereof, with the appurtenances of the said mortgagor in
~ and to the same. and every pan a~xi parcel thereof unto the said mortgagee in fee simple.
~ And the mortgagon c~reby convenants with the mortgagce that he is indefeasibly uizni of said land in fte simple; that he has full
power and lawful right to convey the same in fee simple as aforesaid: that it shall be lawful for the mortgagee, at all times pexeably and
~ quietly to enter upon, hvld, occupy, and enjoy said land, and every part thereof; that tht land is and will remain free from all
f encu:nbrances: that saiJ mortgagor will male such further assurances to prove the fee simple tide to said land in said mortgaget as may be
i reasonab(y requiretif. and that said mongagor does heret+y fully warrant the title to said Iar~J, and every part thereof, and will defend the
j same against the lawful claima of all persons whomsoever.
~ PROV IDED AI.WAYS, and these presents are eaecuted and delivered upon the following cunditions, to wit:
~ The mortgagor agrees to pay the mortgagee, or order, the priacipal sum of $~T T~~ND $u F~
~ Dollars IS 17 ~(~SD.OQ as evidencrd by a note of even date hcrewith, with interat from date at the
rate of S~rp per centum f 7 ~c 1 per annum on tlte unpaid balance
until paiJ. The said principal and interest shail be payable at the offict of .~i~ ~~'l~~Y ~
` I00 West Bay Stra~t, Jack~omrille, Florida 32202
~ or at such other place as the holder of the note may dssignate in writing, in monthly installments of
t
' aad SS/100 oollars (S 117.55 commencing on
s
the fint day of ba~1 , 197Z ~ and on the first day of euh month thereafter until the principal
; and intercst are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and payable on the first
day of Apri~, 2002 ~
` And shall duly, prompUy, and fully perform. discharge. execute. effect. comptete. aad compfy with and abide by each and etiery
~ the stipulations, agreements, conditiorrs. and coveeants of said promiuory note and of this mortgage, then this mortgage and the estate
" Aereby created shall cease and be null and vad.
€ And the rrwrtgagor further covenan~c as follows:
~ t. ~ha~ he wiH pay tAe indebtalness, as hereinbcfore proviJai. Privilege is raervod to pay the debt in whde. or in an amount equal
to one or rrkxe rtwnthly payments un the principal that are neat due on the note, on the first day of any month prior to maturity: I'rmidad.
~ however, that written nutice of an intention to exercise such privilege is given at least thirty (30) days prior to prepaymer~t: and, provided
further, that in the event the dcbt is paid in full prior to maturity anJ at that time it is insured under the provisions of the National
Nousing Act, he will pay to the mortgagee an acijusted premium char~e of one per centum 119b ) of the original principal amoum thereof,
eacept that in rw event shall the adjusted premium exceod the aggregate amount of premium charges which wouid have betn payable if the
mortgage hae! continued to be insored until maluri~y; sucb payment to be applied by the mortgagee upon its obliaauon to the Secretary of
Nousing and Urban Developlnent on aaount of mortgage insurance.
Walter E. Davis
O R 7 Q~JQ TMI{ IN9TRUMWT M[rAR[O SY:
BOCK~F,.? PACE V/ V ABSTRACT ~ 7lTLE CORP. OF FLA.
20D S. iliD R. FORC rliRC~l. fLOP11DA
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