HomeMy WebLinkAbout0034 ~ ST-20,586 •
~ ~4~` ~ SWD # 162050
STATE OF FlORIOA ~W~~,'~~,~~,
~ ~ This form is used i~ connection
FHA FORM NO Z110 m ~C with mo~tgages +nsured unde? the
R~vls~d Morch 19)4 ~ On@- t0 four-family provisions of
M~'__~~ the National Housing Act.
MORTGAGE , r
,~3938~
THIS ~fORTGAGE, dated the jgt day of September . A. D. 1972 , by and
between J08 TOM S8$ASTIAN and RHODA 8. SBBASTIAN ~ his wife •
hereinafter callcd the mortgagor, and
STOCI~PON, WHATLSY, DAVIN ~ COi~Q'ANY
, a corporation organized and existing under the laws of
State of Florida , hercinafter called the mortgagee.
WITNESSETH, that for divers goai and valuable considerations, and also in consideration of the aggregate sum oameri in the
promissory note hereinafter described, lhe said nwrtgagor does hereby grant, bargain, xll, alien, remise, relase, convey, and confirm unto
the said mor~gagce all that certain piece, parcel, or tract of land of which lhe said mor~gagor is now seized and possessed and in actual
posxssion, situate in the county of
St . LuCie arni State of Florida, described as follows:
Lot 185, Sheraton Plaza, Unit Three, Replat, according
to the Plat thereof as recorded in Plat Book 16, page
12 of the Public Records of St. Lucie County, Florida. '
Together with the following items of property which are located in and permanently
installed as a part of the improvement,s on said land:
RANGS: COLUt~BUS, 1~Dffi. 3kG, SBRIAL NUlYIDBR 43806
RANGB HOOD: MIAI~II CARBY, MADSL 3730
SPACB HEAT~t: F~tSAIRB, 1~DSL 4GSF
The express enumberation of the foregoing items shall not be dee~ned to limit or
restrict the applicability of any other language describing in general terms
other property intended to be covered hereby.
State Documentary Stampa affixed to the original note and cancelled.
Together aith all strucwres and improvemtnts now arxi hereafter on caiJ land, and fixtures allached thereto, anJ all renh, issues.
proceecls, and profits accruing and to xcrue from ~aid premiset, all of Hhich are included within the foreguing deseription and the
hat+endum thereof; also all gas, steam. electric, water, and other heating, c~wking, refrigerating. lighting, plumbing, ventilating, irrigating.
and poKer sytitems, machines, appliancec, fixtures, and appurtenances. which now are ur may hereafter pertain to, or be used with, in, or
un said premities. even though they be detached or detachabte.
TO HAYE AND TO HOLD the same, together with all and +ingular the tenements, hereditaments and appurtenances thereunti~
t~lunging or in an~•w~is~ appertaining. and the reversion and reverxions. rrmainder or remainders, rents. issues, and profits thereof, and
also all the estale. reght, tide. interest, homntead, dower arnl right of doKer. sepdrate estate. ~ces~ion, claim anJ demand whatscever, as
well in law as in equiry. of thg wid mortgagor in anci ta the same, and every part thereof. with the appurtenances of the said rrwrtgagor in
and to ~he same. and every part and parcel thereof unto the said mortgagee in fee simple.
And the mortgagor hereby comrnant~ w~ith lhe mortgagee that he is inJefea~ibly seited of s;~iJ land in fee simple: that he has full
power and lawful right to convey the same in fee simple as aforesaid: that it shall be lawful for the mortgagee, at al! times peaceably and
quiedy to enter upon, hold. occupy. and enjoy said land. and every part thereaf; that the larxt is anJ will remain free from atl
encambrances: that ~aiJ rtxxtgagor will make such further assurances to provr the fee simple tiUe to saiJ larxl in said mortgagee as may t+e
reationably reyuired, and that saiJ mortgagor does hereby fully Karrant the title tu saiJ land. and every part thereof, and will defend the
~~n.;? ao:iinct the lawful claims of alt persons whomwever.
PROV IDED Al.WAI'S. and these presents are executed and delivered upon the following conditions, to M•it:
TAe mortgagor agrees to pay the mortgagee, or order, the principal sum of NINETEEN THOUSAIID FOUIZ HUNDR$D 6c NO/100
Dollars IS 19,400.«1 as evidenced by a note of even date herewith, with interest from date at the
rate of seven per centum 1 7 `r~ ) per annum on the unpaid balance
u~til paid. The said principal and interest shall t+e payable at the office of Stoekton, T~18tiBSI ~ Davin 6~ COtDpBBy ~
100 West Bay Street, Ja~ksonville, Florida ,
or at such other place as the hotder of the note may designale in wrilirtg, in monthly installments of Qj~ ~jt$j~ ~j$[~Y~pij~j$
AND 20/100 ~Ilar~ IS 129.20 commencing on
the first day of NO~Vemb67~ . 19 72, and on the firct day of each rn~nth thereafter umil the principal
and interest are fully paid. except that the final payment of principal and interrst, if not suoner paid, shall be due and payable on the first
day ~~t October, 2002 •
And shall daly, promptly, and fully perform, dixharge, exccute, effect, complete, and comply with and abide by each and every
the stipulations, a~eements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate
hereby created shal! cease and be null and void.
And thr rrwrtgagor further covenants as follows:
1. That he will pay the indebtedness, as hereint+efore providc~i. Privilege is reserved to pay the debt in K~hole, or in an amount equal
i to one or mure rnonthly payments on the principaf ~hat are next due on the nrne, on the first day of any monih prior tu mawrity: /'rn.•iclyd.
huwe~•er, that written noticr of an intention to exercise such privilege is given at Ieast thirty 1301 days pri~x to prepayment: and. pru~•iJeJ
t further. that in the event the debt is paid in full Qrior to maturily anJ at that time it is insured under the provisions of the Natiunal
~ Nousing ,get. he will pay to the mortgagee ao aJjusted premium charge of one per centum I 1: 1 of the ~xiginal principal :imount ~hereof.
~ except that no adjusted premium charRe shall be due or pa}able ~~here papment ~n tu~i ~s m~de~ a(ter tAe duF dat~ oi tne• 130th
k scheduledpa ~•mentand in no e~•ent.hatl ~he adjustcdpremittm eiceedthr a€Rrehate amount of premiam charRes which would have
~ bc~n pay-ablF i( ~his ~1ort~aRe had cnntinucd to be insured until maturitq, such payme-nt to be appiicd h~• the mort~aRee upon it~
obligatiun to the ~ecretaty of Hou~inR and (~rLaa De~clopment un account of mortRa~e insurancP.
E W ter E~ Davis
(t 4 ~nns !ltSTRUMEPff Pa~waEO Br~
gOGK ~O~ "rnLE ABSTRACT & TITI.E CORP. OF FI.A.
20!S S. Sr pORT PfERCE. FLOR CA
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