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ST-18,711`
~ S~iD ~ 959914- ' L
STATE OF FIORiDA This torm is used in connection
FHA fORM NO 2110 m with mat~ages insured under the
Revised May 1971 one- to fou~-family provisions of
P~~t1f ~ the National Housing Act.
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~ l'~ MORTGAGE
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at~~
THIS MORTGAGE, dated the igt day of July • A• p• 19 ]Z , by and
between BMlN LUB COL&!AN ~ a s1[igle Sdult .
hereinaQer call~d the mortgagor, ar.d
sTOCtcrox, wxa~t, n~nvix b co~nxY
, a corporation organizcri and existiqg under the laws of
$t8Ce of Florida , hereinaRer called tht martgagee,
WITNESSETH, that for divers good and valuable cunsideration~, and also in co~ideration of the aggregate sum nam~d i~ thc
promissory note he~eiaafte~ described. the said mortgagor does hereby grant, bugain, sell, alien, remix. relau. convey. and con6rm unto
the said mortgagee al) that cenain piece, parcel, or tract of land of which the said mortgagor is now seized and pos.ussed and in actual
possession, situate in the county of
St . Lueie and State of Florida, described as follows:
q Lot 167, Sheraton Plaza, Unit Three, Beplat,
according to the Plat thereof as recorded in Plat
Book 16, page 12 of the Public Records of St. I.ucie
County, Florida.
Together raith the following items of property which are located in and permanently
installed as a part of the imiprovements on said land:
RANGE: COLU!ffiUS, I~DDBL 34G, SERIAL NU1~ER 43854
RANGE ~OOD: MIAMI CAREY, MUDffi. 3730
SPACB NSAT~: FORSAIRB, MODEL 465F .
The express enumberation of the foregoing items shall not be deemed to limit or
restrict the applicability of any other language describing in general terms
other property intended to be covered hereby.
~ State Documentary Stamps affixed to the original note and cancelled.
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i Together with all structures and improvemenu now and hereafter on said land, and 6xtura attached therew. and all rents, issues,
~ proceeds, and profits accruing and to accrue from said premises, all of v~;hich are includal within the [oregoing description and the
E habendum thereof: also all gas, steam, electric, water, and other heating, eooking, refrigerating, lighting, plumbing, ventilating, irrigating,
~ and power systems, machines, appliances. fixtures, and appurtenances, which now are or may hereafter pertain to, or be used with, in, or
on said premises, even though they be detachai or detachable.
~ TO HAVE AND TO HOLD the same, together with all and singular the tenements, hereditaments and appurtenances thereunto
belonging or in anywix appertaining, and ihe revenior. and reversions, remainder or remainders, rents, issues, and profits thereof, and
aiw all the estate, right, tiQe, interest, homestead, dower and right of dower, separate estate, possession, claim and demand v?hatscevcr, as
well in law as in equity, of the said mortgagor in arwl to the same, and every part thereof, with th~ appurtenances of the said rtwrtgagor in
and to 1he same, anJ every part and parcel thereuf unto the said mortgagee in fee simple.
And the mortgagor hereby convenants with the mwtgagee that he is indefeasibly seized of said land in fee simple; lhat he has full
power and lawful right to convey the same in fce simple as aforesaid; that it shall be lawful for the mortgagee. at all eima peaccably and
quietly to enter upon, hold, occupy, and enjoy said land. and every part thereof; that the lanci is and will remain free from all
encumbrances; tFiat ~aid mortgagor will make such further assurances to prove the fee simple title to said land in said mortgagee as may be
reasonably requireJ, and that said mortgagor does hereby fully warrant the tiUe to said land, and every part thereof, and w~ill Jefend the
same against the lawful claims of all persons whomsoever.
PROV IDED ALWAYS, and these presents are executed and delivcred upon the following conditions, to wit:
The mortgagor agrees to pay the mongagee, or order, the principal sum of SEVFI~TPEEN THOUSAND FI~TB HUNDR.ED bc FIFTY
Dollars lS 1] ~SSQ.QQ as evidenced by a note of even date herewith, with interest fror.~ date at ihe
~ rate of seven per centum ~ 7%) per annum on the unpaid balance
until paid. The said principal and intc~est shall bt payable at the o(fice of $TOCIQON ~{~THATLSY ~ DAVIN & COMPANY ~
~ 100 t~est Bay Street, Jacksonville, Florida
~ or at such other place as the holder of the note may designate in writing, in monthly installments of Qrj$ ~j~NDRSD Sll~l'$F.N
~ AND $8~100 -----g------------------- Dollars tS 116 .88 commeP ingP n
~ the first day of Au uSt . 19 72 and on the first da of each month thereafter until the rinci al
a~xi interest 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 July ~ 2002 •
~ And shall duly, promptty, and fully perform, discharge, execute, etTect, complete, and comply with and abide by each and every
ihe stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate
hereby created shall cease and be null and void.
~ .And the mongagor further covenants as follows:
1. That he will pay the indebtedness, as hereinbefore provided. Privilege is recerved to pay the debt in wholt. or in an amount equal '
~ to one or more mon~hly payments on the principal that are next due on tbe notc, on the first day of any month prior to msturity: /'ro~•iJ~d, ;
~ however, that written notice of an intention to eaerciu such privilege is given at least thirty 1301 days prior to prepayment; and, provided ~
further, that in the event Ihe debl is paid in full prior to maturity and at that time it is insured under the provisions of the National
~ Housing Act, he will pay ro the mortgagee an adjusted premium charge of one per centum 11 ~Xr• ) of the original principal amount thereof.
~ except that in no event shaU lhe adjustcd premium exceed the aggregate amount of premium charges which would have been payable if the ;
~ mortgagt had continued to be insured until maturity; such payment to be applied by the mortgagee upon its obligation to the Secrctuy of =
~ Housing and Urban Devebpment on account of mortgage inwrance. •
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0 R "'j~~ TM~s ~NS*au~ov~ pRp/~pEp s~, kTalter E. Davis
:^nr ~Q~ ~AGi i A~~ACT ~ TITLE CORP. OF F~^
` sOS i. 2ND aT. FORT PI<RCE. iLA1t~DA
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