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3TATE OF fLORiDA
~ i~~pt ~Y, Walter E. Davis Thia fam is used in conn~ction
FHA FORM NO Z110 n~ a~t ~w'. with awrt~a~es inswed unda the
Revised May 1971 w one~ to four-familr p~ovisions of
the Nationsl Housin~ Act.
MORTGAGE
TH1S MORTGAGE. ~iated the 5th. day of May , A. D. 19 72 . by and
be~w«n V3rqinia Peterson a~/k/a Peqgy Alberti, a single wanan .
hercinatler catled tAe mortgagor, and '
J. T. ST~TART MORTGAGB COi~lt~ANY, INC .
. a cotporatio~ or~izad and existins under the laws of ~dt@ Of
Florida . hereinaRer cdled the mortgagee,
WITNESSETH. that for divers good aad valusble considerations. and also in consideration of the aggregate sum r?ameai ir~
pmmis~ry note hereiaafter deacribed. the sad mortsayor does i~eby aanl. iw~rs,uh. ,Kil. alieo, remisa. sclasc. couvey. SIl~ M!!R!*!~ U~to
the said mortgagee all that certain piece, parccl, or tract of Iand of which the said monga~or is now seiud and paasessed and in actual
po~cssioa. sitwte in the county of St. L11C1@
and State of Florida, desc~ibed as fdlows:
(
The West Half of Lots 17 and 18, Block L, NAIiMONY ~IGHTS ADDITIO~I, according
to the plat thereof as recorded in Plat Hook S, page 38 of the Public Records
of St. Lucie County, Florida
State Documentary Stamps affixed fio the original note and cancelled
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Toeether with all structura and improvements now aod haeafter oo said iand. and fixtures atqched thercto. and all reots, issues,
proceads, and profits aocruing and to accrue from said premises, aN of which ue includod withia the fors~oing description and the
habendum thereof: also all gac, sttam, electric, water, aod aher heating, cookina, rdrigeratins. lithtin~, ptumbing, ventilating, irrigating,
and power systems, machines, appliances~ fixwres. and appunenances, which now arc or may hereafter pMain to. or be used with, in, or
on said prcmises, even though they be detachod or detachable.
TO HAVE AND TO HOLD the same, together with all and singular the tenements, hereditaments and appurtenanca thcreunto
belonging or in anywise appertaining, and the reversion and revpsaiu, remainder or remainden. rents, iswes, and profits thtrtof, and
also all the atate, righ4 title, intercst. homestead, dower and right of dowtr, separate estate, possession, claim and demand whalsoover, as
weN in !aw as in equity, of the said mortgagor in and to the same, and every part theroof, with the appurtenances of the said mortgagor in
and to the same, artd every part and parcel thereof unto the said mortgagee in fee simple.
And the mortgagor hereby convenanu with the mortgagee that he is indefeasibly seized of said land in fee simple; that he has fuU
pow~a and lawful right to convey the same in fee simple as aforesaid; ttwt it shap be lawful for tht mortsageG u all tima peaceably and
, quietiy to enter upon, hold, occupy, and enjoy said land. and every part thereot; that ihe land is and will rtmain free from all
e~umbrances: that said mortgagar will make wch turther aswranca to prove the fee simple title to said land in said mortgagee ss msy be
reasonably requircd, and that said mortgagor doa hereby fully warrant the title to said land, and every part thereof, and will defend the
same against the lawful claims of all persons whomsoever.
PROV IDED ALWAYS, and thae praents are e:auted and deliverod upon the fdbwing conditions, to wit:
The mort~asor a~rees to pay the mortgasee, or order, the prinapai sum ofSIXTEEN THOUSAND EIGHT HUNDRED AND NO/100
Dollars (S 16 , 800 . 00 as evidenced by a rwte of even date herewith, with intucst from date at the
rate of seven per centum ( 7 96) per annum on tl~e uapaid badance
until paid. The said principal and interest shall be p~yable at tht office of J. T. Sl'~IART MURT(',AG$ C~1r~Ny[ ~ INC .
Suite 300 - 100 t~firacle Mile, Coral Gables, Florida
or at such other plxe u che holder of the note may daignate in writina, in montidy installments of ppg Htirid7Ced 81@Veri vld
E9~100---------------------------~__------ Dollars (S 1~1..89 commencing on
the first day of J~g . 1972 . and on the first day d each month thereafter untit the principal
and interest arc fully paid, except tf~at the 6na1 psyment of principd and interest, if not sooner paid, sha11 be due and payabk on tl~e 6rst
day of May, Z002 ,
And shall duly. promptiy. and fully paform, disct~arge. execute, effecl, complete, 'nd comply with and abide by qch and every
the stipulations, asreements, coaditions, and c~enants d said promissory note and d this mat~e, thea this mort~e and the utate
haeby created shall cease aad be aull and vad.
And the mortgagor twrther covenants u follows:
l. That he will pay the indebtedness, as hereinbefore providod. Privilege is reservod to pay the debt ia whok, or in an amount equal
to one or more monthly payments on the principal that are next due on the note, on the fust day of any month Qrior ta maturity: Provrdad,
however, that written notice of an intention to ezercise such privilefe is given at least thirty 130) days prior to prepayment; and, provided
' further, that in the evcnt the debt is paid in full prior to mawrity and at that time it is inwred under the provisions d tlie National
Housin~ Act, he will pay to the mortgaget an adju~ted premium charge of one per centum (19f~ ) d the oriainal prineipal amount dKroof,
ezcept that in no event shall the adjusted premium exceed the ag`regate amount of premium cbarga which would have been payable if the
mortssge had continued to be insured until maturity: wch qyment to be applied Dy the martsafee upon its obliption to the Secretary of
Housins and Urban Devebpment on aacount of mat~e insurance.
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