HomeMy WebLinkAbout2827 i ' ~ ~ ; ST-19,611 ~ ~
SWD # 962043
STATE OF FLORIOA ~9~r~+4
This to?m is used in con~eCtion
FHA FORM NO ~110 m . - with mortgages insu~ed under the
R~rls~d Motch 1972 one- to four•family provisions oi
the National Housing Act.
MORTGAGE
THIS MORTGAGE, datod the ~gt day of AugttBt . A• D. 19 72 , by and
between Dpl~l?LD gAK~ aud D~A~I,gNg gAKgR~ Nis W1fe •
Aercinafter callal thc mortgagor. and
STOCRTON' WHA
,T a~o~orUatAionloigw~iuaand ezisting u~de~ the laws of
Stete of Florida , hereinatter callod the mortgagee,
WITNESSETH. ihat for divers good and valuabl~ considcrations, and also in consideration of the aggregate sum namod in the
promissory note hereinafter dexribed. the said mwtgagor does t~ereby grant, bargain. sell. alien, remise. relau. convey, and confirm unto
the said mortgagee all that certain piece, parcel, or tract of land of which the said mortgagor is now uized and posxssod and in actual
possession, siwate in the county of ~
St. Lucie and Stato of Florida, describai as follows:
Lot 178, Sheraton Plaza, Uait Three, Replat
according ta the Plat thereof as recorded in
Plat Book 16, page 12 of the Public Records
of St. Lucie Couaty, Florida.
Together with the following it~ns of property which are located in and permanently
installed as a part of the improvemente on said land: .
RANGS: OOLUI~ffiUS, M(?D~ 34G, SffitIAL NUMSBR 43859
RANGB HOOD: MIAMY CASBY, MODffi. 3734
SPACB NBA'~R: FORSAIRB, MODffi. 465F
The express enumberation of the foregoing items ehall 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 Docwueatary Stamps afffxed to the original note and cancelled.
Together vrith all structures and improvements now and hereafter on said land, and fixwres attached thereto, and all rents, issues,
proceeds. and profits aceruing and to acerue from said premises, all of w•hich are included within the foregoing description and the
habendum thereof; also all gas, steam, electric, water, and other heating, cooking, refrigeratiag, iighting, 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 detached or detachable.
TO HAVE AND TO HOI_D thc same, together with all and singular the tenements, hereditaments and appurtenances thereunto
belonging or in anyw•ise appertaining, and the rcversion and reversions, remainder or remainders, rents. issues, and profits thereof, and
also all the estate, right, tiUe, interest, homestead, dower and right of dower, separatt estate, possession, claim and demanJ whatsoever, as
Nell in law as in equity, of the said mortgagor in ancl to the same, and every part thereof, with the appurtenances of the said mortgagor in
and to the same, and every part and parce! thereof unto the said mortgagee in fee simple.
And the mortgagor hereby convenants with the mortgagee that he is indefeasibly seized of saiJ land in fee simple: that he has f~Il .
power and lawful right to convey the same in fte simple as aforesaid; that it shall be Iawtal for the mortgagce, at all times peaceably and
quietiy to enter upon. hold. occupy, and enjoy said land, and every part thereof: that the land is and will remain free from all
encumbrances: that taid mortgagor will make such further assurances to prove the fee simple tiUe to said land in said mortgagee as may be
reawnably required. and that said mortgagor dors f~ereby fully warrant the tiNe to said land. and every pan thereof, anJ will defend the
same against the lawful claimc vf all persons whomwever.
PROV IDED ALWAYS. and these presents are extcutod and delivered upon the following conciitions. to wit:
The mortgagor ~grces to pay the mongagee, or order, the principal sum of SBVffid1'BSN THOUSAND NINE HIINDRBD ~ NO/100
Dollars (S 17 ~900.~ as evidenced by a note of even date h~rewith, with interest from date at the
rate of seven per centum ( ] ~'c i per annum on the unpaid balance
until paid. The said principal and intcrest shall be payable at the officc ot StOCiCtOA~ Whatleq, Davin ~ CO~DQBAy~
100 West Bay Street, Jacksonville, Florida
or at such other place as the holder of thc note may designate in writing, in manthly installments of ONB ~IUNDRED
NINETfiBN AND 21/200 Dollars IS 119.21 commencing on
the first day of Sept~IDb6r . 19 72 , and on the first day of each month thereafter until the principal
anJ interes~ are fully paid, eacept that the final payment of principal and interest, if not sooner paid, shall be due and payablc on the first
Jay of August ~ 2002 •
And shall duly, promptly, and fu{ly perform, discharge, execute, efTect, complete. and comply with and abide by eacf~ and every
the stipulations, agraments, conditions, and covenantt d said promissory note and of this mortgage, then this mortgage and the estate
hereby created shall cease and be null and void.
And the rreortgagor furiher covenants as follows:
1. That he witl pay the irxlebtedness, as hereinbefore provided. Privilege is reserved to pay the debl in whole, or in an amount equal
to one or more rrWnthly payments on the principal that are next Jae on the note, on the first day of any month prior to maturity: Movided.
however, that written notice of an intention to eaercise such privilege is given at least thirty (30) Jays priex to prepayment; and. proviJed
fur~her. that in the event the debt is paid in full prior to maturity and at that time it is insured under the provisions of the National
Huusing Act, he will pay to the mortgagee an adjusted premium charge of one per centum (1 ~ 1 of the original principal amount thercof.
except that no. adjusted premium charge shail be due or payable ~.here payment in tutl i~: made alter the duF date ot tbe 130th
scheduled paymentand in no event shal) the adjusted premium e?cceed the aggregate amouot ot premium cha~ges ~rhich would have
been pa}'ablP if this ~1ortRaRe had continued to be insured uatil maturity, such payment to be applied by the mortgaRee upon its
obliRation to ihe Secretar~• o( Housing and (;rban De~elopment on accouot of mortgage insurartce. W81ter g. Davia
SO~K~.+~~ F'ACF~~~'FrV THK A~RACT & Tln-E~CORP. OF FL'~
ZO6 G. 2ND ST. FOR7 Pl£RCE. FLO:: uA
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