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HomeMy WebLinkAbout0888 235602 ~ ? ~ ~zu, cz~e o~ =:-o; ~i~o-?.c, ~ STATE OF FLORIOA ~9alter r. navis ~ n+ia iNS*au+.E.._ . This form is used in connection FMA FORM NO Z110 m Aesrc:: ' c~".:'. oF F~A, with mortgages insured under the R~vls~d Mwch 1972 s0~ ~ 2NO Si, f Ofil P:ERGF~ j~a~, one- to four-family provisions of ~ the National Housing Act. MORTGAGE THIS MORTGAGE. daced ~he l~t!i. day d AU~lla~: . A. D. 19 ?2 , by snd between J4.nes C. Adk~n~ anu Sue A. Ad';ins, hi~ ~~rifc • ~ hereinafter callod the mongagor. and .7. T. b~~JART I•;OR'.[`GAGE COi•SPAI~Y, II3C. . a corporation organized and eaiiuing u~der the taws of State of FZorida , hereinafter calted the martgagee. WITNESSETH, that tor divers good and valuable considerations, ard ~so ia consideration ot the aggre~ate sum namcd in the promissory note hereiaaRer describod. the said mortgagor does hetebY 8~~. ~~0. sell, aliea, remise, relue. convey. and oonfirm unto tht said mortgagte all that certain piece, parcel, or tract of land of which the said mortasgor is now seized and possased and in actaal posscssion, situate in the county of St . L•acie and State of Florida, describod as folbws: Iat Z2, 310;:;; 29, 3ILT.:Oc2E PI~E'.i:, acco-r::incf to ;:iie plat recorded t,ie°co~ ~n Plat 3ook 4, page 52 of i:ne Public Recor~s of St. Lucie County, F1or~.c:a ~ U ~ ti?~ar ai ~ ~ cuE oN a~as ~c ~ ~o~atr, n~r ~o crur~ n-:~ or ~n.~ a+~ac a~owr oodin. s~. u~aE oor, ~ 4 State Docuema:itary St~~.mps ~f~;;;ed te :!2e or~rinal no~e and canceZlea . ~ Togethtr with all uructures and imptovements now and hereafter on said land, and fixtures attached thercto. and all renu, issues, proceeds. and profits accruing and to acerue irom said premises, all of which are included within the foregoirtg dacription and the habendum thereof: also all gas. steam. electric, water, and other heating, cooking, rcfrigerating, lighting, plumbing, ventilating, irrigating. ? and power systems, machines, appliances, fixtures, and appurtenances, which now are or may hereafter pcrtain to, or be used with, in, or on said premises, even though they be detached or detachable. ~ TO HAVE AND TO HOl_D the same, together with all and singular the tenoments, hereditaments and appunenances thereunto ~ belonging or in anywise appertaining. and the reversion and reversions, remainder or rcmainders, rents, issues, 3nd profiu thereef, and also atl the estate, right, title, interat, homestead. dower and right of dower, separate estate, possession, claim and demand whatsoever, as i well in law as in equity, of the said mortgagor in and to the same, and every part thereof, with the appunenances of the said mortgagor in and to tho same, and ev~ry part and parcel thereof unto the said morigagce in tee simple_ I And the morigagor hereby convenants with the mortgagee that he is indefeatibly seized of said land in fee simple; that he has full ; power and lawful rigf~t to convey the same in fee simple as aforesaid; that it shall be Iawful for the mortgagee, at all times peaceabty and quietly to enter upon. hold. occupy, and enjoy said iand, aad every part thereof; that ihe land is and will remain free from all encumbrances; that said mortgagor will ma~e such further assurances to provt the fee simple title 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 eeery part thereof, and will defend the same against the lawful claims of all persons whomsoever. PKOViDED A[.WAYS. and these praents art executod and delivered upon tbe folbwing conditions, to wit_ The mongagor a~ea to pay the mongagee, or ordor, the principal sum of SIXs.~ :I Ti;~U:~?ID SEVLti IN2IDRI'd1 AiID ;~O/100 Dotlars (S Au , 700. 00 as evidenced by a note of even date he~ewith, with interest from date at the rate of seven per centum ( 7%) per annum on the unpaid balance until paid. The said principal and interat shall be payable at the offict of v. ;;1~ JAR'~' I;OF 1'r'.,AGE COI'.I'AI:Y, INC. :>.i:_~e 300 - 100 I-.i_ac~e tlile, Coral Gaales, r^lorzc3a or at such other place as the holder of the note may designate in writing, in monthly installments of ~C :hxndzed ~lever. ~:1c3 ~2/Z00--------------------~-•------------- Dollan (S ].11. 22 comme~uing on the fint day of Srpte.*n:3er . 1972 , and on the first day ~f each month thereafter until the principal and interest are fully paid, except that the final payment of principal and interest, if nW sooner paid, shall be due and payable on the first day of iau~us 2002 • And shall duly. promptly, and fully perform, discharge, execute, effect. complete, and comply with and abide by euh and every the stipulations. agreemenu, conditions, and cmenants of said promissory note and d this mortgage, then tdis mortgagc and the atate hcreby created shall cease and be null and void. And the mortgagor further covenants as follows: I. That he will pay the indebtodness, as hereinbefore provided. Privilege is reserved-to pay the debt in whdt, or io art amouni tqual to one or more monthly payments on the principal that a~e ncxt due on the note, on the first day of any month psior to maturity: /'rorid~d, however, that written notice of an intention to exercise such privilege is given at least thirty 130) days prior to prepayment; anJ, provided further, that in ths event the dcbt is paid in full prior to maturity and at that time it is insured undcr the provisions of the National ~ Housing Act, he wiN pay to the mortgagte an adjustod premium charge of one per centum (1 ~ 1 of the original principal amount thereof, except that ao adjusted premium charge shall be due or payable ~.~here paymeot in tull is made aiter the due date ot tne 120th scheduled payment and in no event shall the adjusted premium exceed the aB6regete amount of premium charges which wonld have t,een payable it this ~lortgage7ead continued to be insuted until maturity, such paymeet to be applied by t6e mortgagee upon its obliRatioa to the Secretary of Housing and L~rbao De~elopment oa account ot mortgage iosurance. ` ~ - - - ~ - ~ ~ z,,.~.s..,-~ v...k~5%:, i' ~ . ~ . . . ~ _ . . ~.."~L.r`n.'