HomeMy WebLinkAbout0884 EM d_E~~,~~. ST-18,918
STATE OF FLORIOA ~s
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-.~~0 ~y~' `M~" , ~A, ~ ~ This fam is used i~ tonnection
FHA FORM NO Z110 m 1~"'~ ~~E'~ ~t~ with moctgages insu~ed under th~
R~vls~d More!? 1972 ~ p y~i~ 1~ one- to four-family provisions of
~ ~ the Nationa~ Housing Act.
2;35600 ~ MORTGAGE
THIS MORTGAGE, datod the 16t day Al1gUBt . A• D. 19 72 . by and
~~W~" TOM!!Y LSB HINTON and BLYSB C. HINPON, His Wife .
hereinafiei called the mortgagor. and
STOCRCON, WHATLSY, DAVIN 6 OOk~ANY
. a corporation organited and existing urtder the taws of
State of Florida . hercinafter catted che morcgaace, ~
WITNESSETH, that for divers good and valuable considerati~ns, and also in considcration of ihe aggregate sum named in the
promissory note he~eiruftrr dacribed, the said mortgagor does hereby grant. bugain. sell, alien. remise, relue. convey, and confirm unto
the ssid mortgagee sU that certain piece. parcel. or tract of land of which the said mortgagw is now seiud and poasased and in acwal
possession, situate in the cou~ty of
St. Lueie and State of Florida, descritxd as follows:
Lot 215, Sheraton Plaza, lhtit Three, 8eplat
according to the Plat thereof as recorded in
~ Plet Book 16, page 12 of the Public Records
of St. Lucie Countq, Florida.
Together With the following ite~?s of property which are located in and permanently
installed as a part of the improvement$ on said land:
RANGS: OOLUI~US, MOD~ 34G, S~YAL NU1~BB 42040
RANGB HOOD: MZAKI CARSY, MDDBL 3730
SPACB I~AT~: FORSNIRS, NODffi. 465F
The express enumberation of the foregoing items shall not be deemed to limit or
restrict the applicability of aay othex language describing in geneal terms other
property intended to be covered hereby.
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State Documentary Stamps affixed to the original note and cancelled.
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Together with all structures and improvemenu now and hereafter on said land, and fixtures attached thereto, and all rents, issues,
proceals. and profi~s accruing and to accrue from caid premises, all vf which are included within the foregoing description and the
habendum thoreof: alsa all gas, steam, electric, water, and other heating, cooking. refrigerating, lighting, plumbing, ventilating, irrigating,
and power systems, machina, appliances, fixtures, and apQurtenances, which oow are or may hereafter pertain to, or be uud with, in, or
on said premises. even though they be detached or detachable.
TO HAVE AND TO HOI_D the same, together with all and singular the tenements, hercditamenu 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, right, title, interest. homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever. as
well in law~ as in equity, of the said mortgagor in and to the same, and every pan thereof, with the appurtenances of the said mortgagor in
and to the same, and every part and parcel thereof unto the saed mortgagee in fee simple_
And the mortgagor hereby convenants with the mortgagee that he is indefeasibly seized of said land in fee simple; ihat he has full
power and Iawful right to convey the same in fee simple as aforesaid; that it shall be Iawful for the mortgagee. at alt times peaceably and
yuietly to enter upon, hold, occupy, and enjoy saiJ land, anJ every part thereof: that the land is aixi will remain free from all
encumbrances; that said mongagor w•ill make such further assuranca to prove the fee simple title to said latxi in said mortgagee as may be
reasonably required, and that said mortgagor does hereby fully warrant the titie to said land, and erery part thereof, and will defend the
Same against the lawful claims of al! persons whomsoever_
PROVlDED ALWAYS, and these prqents are executed and delivered upon the folbwing conditions, to wit:
The mongagor agrees to pay the mortgagee, or ordcr, the principal sum of BIGHTBBN THOUSAND ~TO HUPiARBD 6~ NO/100
Dotlars (S ~$s2~•~ as evidenced by a note of even date herewith, with interest from date at the
rate of B~VeA per cenwm ( 7 ~'v) per annum on tho unpaid balance
until paid. The said principal and interest shall be payable at the office of SCOCjCtOII ~ 1~18t1~1 ~ DBV~tt 6c CO~Sri~? ~ +
100 Weat Bay Street, Jackaomille, F2orida
or at wch other place as the holder of the note may designate in writing: in monthly installments oi ONS HUNDRBI~ T{~1EN1~-0N$
and 21/100 Dollars (S 121.21 commencing on
the 6rst day of September . 1972 , and on the first day of each month thereafter until the principal '
and interest are fully paid, eacept that the final payment of principal and interest, if not sooner paid, shall be due and payable on the first ~
day of AtlguBt ~ ZOO2 . • ;
And shall duly, promptly, and fully perform, discharge, execute, effect, comp(ete, and comply with and abide by each aad every
the stipulations, agreements. conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estatc -
hercby created shall cease and be nuli and void.
,4nd the mortgagor further covena~ts as follows: ~
I. That he witi pay the indebtedness, as hereiebefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal
to une or more mvnthly payments on the principal that are next due on the note, on the first day of any month prior to maturity: /'rovided.
however, that written notice of an i~tention to eaercise such privilege is given at least thirty (301 days prior to prepayment and, provided
further. that in the event the debt is paid in full prior to maturity and a~ that time it is insured under the provisions of the IVational
Housing Act, he will pay to the mortgagee an adjusted premium charge of one per centum 1 I n~ ? of the original principal amount the~eof.
e~cepl that no adjusted premium charge shall be due or pa~~able hhere payment in tu:I is made a(ter the due date oi the 120th
sc6eduied pa~~mentaad in no erent shall the adjusted premium exceed the aggregate amouot of premium charges ~hich would have
becn payable i( this ~lortgage hud continued to be insured until maturity, such payment to be applied by the mongagee upoo its
obliRation to the Secretar}~ of NousinR and l~rban Development on account oi mottga~e iosurance.
~ ~+~s INSTRUMENT pREp/~/ZEp By! Walter E_vis
a(~'~ ~ p~(~' ABSTRACT & TiTLE CORP. OF fiLA
20$ g 2Np gT_ FOI~ PI;RCE. F'4ER,py
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