HomeMy WebLinkAbout2052 , 1~+~3~Vj.IG+1 STi +~8,116 • ~ j
Pi~'G~se 0'~`3-~Ol31~ -235 (i
STATE OF FLORIDA Wa1tQr E. Davis
!1ilfltuM~NT ~~?Rtp t~?' This fGrm is used in conr?ection
fHA FORM NO Z110 m /?~TItACT ! T17tE CORP. 0~ FtA. with nwrtQa~es i~?su~ed unde? the
Revised May 1971 aos :t~w sr• ro~ ~R~~ one- to four-fsmil ~
y provisions of ~
the Natio~al Housing Ikt. ;
MORTGAGE ~
THIS MORTGAGE, dated the 22nd. day of May , A. D. 19 72 , by and
bctwcen J~g N. Johnson and Deborah Lee JOhnson, ha.s wife .
htreinatter called the mortga6or, and
J. T. ST~RT MO~tTL',AGS CO~ANY INC .
. a corporauo~o~ganizod and existing undet the lavrs of State of
Florida , hercinafter called the mortgagce,
WITNESS~'fH, that for divers good aad valuable considerations. and also in cortsideratio~ of the aggregate sum named in the
promissory note hereinaRer describod, the said mortga~or does hereby grank bugain, se!!, ulien. rcmise, relase, convey, and confirm unto
the said mortga~ee a!1 that certain piece, pand, or tract of land of which the said mortgagor is now seiud and posses.ud and in acwal
possession, situate in the county of St. Lucie
and State ot Florida. describod as follows:
Lot 16, Block 45, ~~OOD pARi~, tm1IT 5, as per plat thereof on file in
Plat ~ook 11, page S, Public Records oE St. Lucie County, Florida.
State Documentary Stamps affixec3 to the original note and cancelled
~ - d a~ ~reir a~ ws
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M~ W pYwtar n-i3~. ~crs ~F is».~
~OCER loliNAt
!l~fNK CII~ OOURT. ~t. UIC1E C0, F1Jl
Together with all structures and improvements now and hereafter on said land, and 6xtures attached thereto, and all rents, issues.
proceeds, and profits accruing and to accrue from said premises, all of which are inciuded within the foregoing description and the
habendum thereof: also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating,
and power systems, machines, appliances, fixtures, and appurtenances, which now are or may hereafter pertain to, or be uxd with, in, or
on said premises, even though they be detachod or detachable.
TO HAYE AND TO HOLD tbe same, together with all and singular the tenements, hereditaments and appurtenances theieu~to
belonging or in anywise appertaining, and the reversion and reversions, remainder or remainders, rcnts, issues, and profits thutof, and
also all the estate, right~ title, interest, homestead, dower anci right of dower. separate estate. possession, claim and demand whauoever, as
' wdl in law :is in a~uity, of the said mortgagor in and to the same, and every part theroof, with the appurtonances of the said mortgagor in
, and to the same, and every pan a~x1 parcel thereof unto the said mortgagee in fee simple.
And the mortgagor hereby convenants with the mortgagee that he is indefeasibly seited of said land in fec simple; that be has tull
power and lawful rig6t to conrey the saau in fee simple as aforaaid; that it shall be lawful for the mongagee, at all times peaceably and
quietly to enter upon, hold, cecupy, and enjoy said land, aixl every Qart thereof; that the land is and will remain free from all
encumbranca: that said mortgagor will make such further assuranca to Qrove the fee simplt tiile to said land in said mortgagee as may be
reasonably required, and that said mortgagor does hereby fully warrant the title to said land, and every part thereof, and will defend the
I same against the lawful claims of all persons whomsoever.
, PROVlDED ALWAYS, and these presents are executod and delivered upon the folbwing conditions, to wit:
The mortgs~or a~rea to pay the mortgagee. or order. the principal wm of SEt7Ei~$EN THOUSAND FOUR HUNDF{ED & NO/100
Dollars (S 17 , 400 .00 as eridenced by a note of even dste bercwith, with interest trom dato at the
rate of seven per centum ( '7 per annum on the unpaid balance
until paid. The said principal and interest shall be payable at the office of J. .1,. ~~,iY.~FiGE C0~4~ANY ~ II3C.
Suite 300 - 100 Miracle Mile, Co:al Gables, Florida
or at such othu place as the holder of the note may designate in writing. in monthly insWlments of png Hundred Fifteen
and 88/100-------------------------------- Dollars (S 115 .88 1, commercing on
the first day of July , 19 7a and on the first day of each month thereafter until the principat
and interest arc fully paid, except that the 6na1 payment of principal and interest. if noi sooaer paid, shatl be due and payable on the f~rst
day of June , 2002 .
And shatl duly, promptty, and fully perform, discharar. ea~ecute, effsct, complete, and oomply with and abide br each and every
thc stipulations, agrceinents, conditions, and covenants of said promissory note and d this mortgage, then this mortgage and the estate
hereby created shall ceas! and be null and void.
And the mort6agor further covenants as follows:
1. That he will pay the indebtodness, as hereinbefore providod. Privilege is reserved to pay the debt in whole, or in an amount equal
to one or more mvnthly payments on the principai that are next due on the note, on the fint day ot any month prar to maturity: 1'rovided,
hovvever, that written notict of an intention to exacise such privilcge is givcn at least thirty 130) days prior to prepayment; and, provided
further, that in the event the debt is paid in full prar to maturity and at that time it is inwred under the provisions of the National
Housing Act, he will pay to the mortgagee a~ adjusted premium charge af one per centum (19fc ) of the originai principal amount theroof,
except that in rw event shall the adjusitd premium exceed ihe aggregate amount of premium charges which would have been payable if the
mortjaae had continued to be insured until maWrity; such payment to be applied by the mort~agee upon its obli~ation to the Secretary of
Housin~ and Urban Devebpment on aceount of matgage insurance.
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