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HomeMy WebLinkAbout2430 . . . . _ FHA 094-073642-235 STATE OF FIORIDA fHA FORM NO Z110 m atiis INBTRUME'fT PRF.~ARED nv• ls This form is used in connection with mortgages insured unde~ the Rsvis•d Morch 1972 /?BSTRACT & TlT: ~ CORP OF F~A. png- to tou~-family provisions of ~pb Y. sN0 ~'f. fORT PIERCE. F?vai~w` the National Housing ACt. MORTGAGE THIS htORTGAGE, dated the 28~ day of September . A. D. l972 , by and betwcen HENRY C. SINGi.BY, JR, ~t1d DIANB SINQ.BY~ h1s t~ife . hereinafter called the mortgagor, and J. T. STBHART I~RTGAGB WI~ANY, INC. , a corporation organizod and existing under the laws uf St8te Of Florida , hereinafter called the mortgagee. WITNESSETH, that for divers good and valuabte co~iderations, artd also irt consideration of the aggregate sum named in the promissory note hereinafter describod, the said mortgagor does hereby grant, bargain, xll. alien, remise, relase, convey, and confirm unto the said mortgagce a!1 that cenain piece, parcel, or tract of Iand of which the said mortgagor is now seized and possessed and in actual possession, situatc in the county of St. Lueie and State ot Florida, described as follow~s: Lot 28, Blocic 39, LAREW~OOD PARR UN~T NO. 4, according to the Plat thereof recorded in Plat Book 1!, page 2 of the Public Records . of St. Lucie County, Florida. ~ ~ . ~ ~ ~n~.a n-s~ ~as ar ~n. 1 ~ ~,~t p~ ~r, t~~ a0. N~ STATE DOCUML'NTARY STAI~S AFFIXED TO THE ORIGINAL NOTE AND CANCSLLED. Together with all structures and improvements now and hereafter on said land, and fixtures attached thereto, and al! rents, iswes. proceeds. and profits accruing and to xcrue from said Premises, all of w~hich are included within the foregoing description and the habendum thereof; alw 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 penain to, or be used with, in. or on said premises, even though they be detached or detachable. TO HAVE AND TO HOI.D the same. tog~ther w~th all and singular the tenements, hereditaments and appunenances thereunto helonging or in anywise appertaining. and the reversion and reversions. remainder or remainders. rents, iuues, and profiis thereof, and also all the estate, right, tetle, interest, homestea.i, dower and right of doKer, separate estate, possession, claim and demand whatsoever, as well in IaN as in equity, of the said mortgagor in and to the same. and every part thereof, with the appurtenances of the said tnungagor in anJ to the same, anci every part and parcel thereof unto the said mortgagee in fee simple. And the mortgagor hereby convenants with the mortgagee that he is inJefeasibly seized ~f said land in fee simple: that he has ful{ power and lawful right ~o convey the same in fee simple as aforesaid; that it shall be lawful for the rtwrtgagee, at all tima peaceably and quietly tu enter upon, hold, occupy, and enjoy said tand, anci every part thereof: that !he lar~ is anJ will remain free from all rrkumbrances: that saiJ mortgagor w~ill make such further assurances to prove the fee simple title to said land in said murtgagee as may t+e reawnably required, and that ~aid mortgagor does herebg fully v?~arrant the title to said land. and every part thereof, anJ will deferxi the came against the IaMful claimc of ali persons whomsoever. PROV IDED AI_WAYS. and these presents are executed and delivered upon the folbwing conditions, to wit: The mortgagor aBees to pay the mongagee, or order, the principal sum of SIXTEE~1 THOOSAPID FCIUR HUND$ED AI1D II0~100 Dollars 1516~lrQQ.Q~ l. as evidenced hy a note of even date herewith, with interest from date at the ~ rate of 8e~n per centum ( per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of J. T. STE~TART I~OR~GAGE ~1~P~1Y~ jj~jC. Suite 300 - 100 Miracle t4ile, Goral Gables, Florida or at such other place as the holder of the note may designate in writing, in monthly installments of QIIg aundred Nine 8IId 22~1~ Dollars (S 109 ~ 22 commencing on the first day of Nove~ber . 1972 , and on the first day of each month thereafter ur:til the principal and interest arr fully paid, except that ~he final payment of principal and interest, if not sooner paid, shall be due and payable on the first day of p~tober, 2002 • And shall duly, promptly, and fully perform, discharge, execute, efTect, complete, and comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mongage and the estate hereby created shatt cease and be nul! and void. And the rtwrtgagor further covenants as follow•s: 1. Th•rt he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whnle, cx in an amuunt equal tu un~ or more rrx~nihty payments on the principal that are next due on the note, on the first day of any month prio~ to maturity- I'r~~~•idrd. huNever, that Nritten notice of an intention to exercise such privilege is given at leact thirty~ 1301 days priw to prepayment: and. provideJ further, that in the event the debt is paid in full prior to ma[urity an.! at that time it is irtsured under the provisions nf the National Housing :ict, he will pay to the mortgagee an adjusted premium charge of one per cenwm 11'"i 1 of the original principal amcwnt thereof. except that no adjusted premium charge shall be due or pa)able ~~here payment in tu:l ~s maAe after the nue dat~ oi tne i20th srheduledpa ti ment aad in no event shall the adjusted premiuR, exceed the agqregate amouot o( premium charRes »hich would have beFn pa}~able if this )tortgage had continued to be insured until maturity, such payment to be applied b~• the mort~a~ee upon its ubiiRatiun to the Secretary o( flousinR and l~rban l)ecelopment on account o( mortRaRe insurance. i.~/V ~it ' _ s : _ - _ ~ _ ~~i,~~. ~ ~ ~~b _ . . . ~ s _ -