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ST-20,580
STATE OF FIORIDA ~~oo~ d~. StriD # 96204k
C~~ This form is used in connection
FHA FORM NO 2110 m p~ 1~''" ~ with mortgages insured unde~ thg
Revts~d A~te~e6 1972 S ~'~~5~ ~ one- to four-fam~ly prowsions of
~ the Natianal Housing Att.
`~.~1VIORTGAGE
~
THIS MORTGAGE, dated the 18t day uf September D. 19 72 , by and
HA1TI$ l~lAB BISLI. ~ 8 single adult `
hereinafter called the mortgagor, and
STOCKTON, iJHATLBY, DAVZN b OOI~Q'ANif
, a corporation organized and cxisting under the Iaws of
State of Florida . hereinafier called the mortgagee,
WITNESSETH, that for divcrs good and vatuabie considerations, a~ also in co~uideration of the aggregate sum namod in the
promissory note hereinafter describod. the said mortgagor does hereby grant, bargain, sell, alien, remix. relase, convey, and confirm unto
the said mortgagee all that certain piece, panel, or tract of land of which the said mortgagor is now seiud and possessed and in actual ~
possession, situate in the county of
St. Lueie and State of Fl~xida, described as follows:
Lot 179, Sheraton Plaza, Unit Three, ~eplat, according to
the Plat thereof as recorded in Plat Book 16, page 12 of
the Public Records of St. Lucie Countq, Florida.
Together with the following items of property which are located in and
permanently ittstalled as a part of the improvements on eaid land:
RANGB: OOLUI~US, I~OD~ 34G, SSBL~L NUt~~ 42009
RANGB HOOD: MIAMI GRBY, MODBL 3730 ~
SPACS 1~ATffit: FORSALRB, MODffi. 465F ;
The eacpress enumberation of the foregoing items shall not be deemed to limit
or restrict the applicability of any other language describing in general
terma other property intended to be covered hereby.
. ;
State DocumenCary Stampe aFfixed to the original note and cancelled.
Together with all structu~es and improvemems now and hereafler on saiJ land, and fiatures attached thereto, and all rents, issues. -
proceeds, and profits accruing and to accrue from said premises, all of which are included within the fortgoing description and the
habendum thereof: also.all gas, steam, electric. water, and other heating, cooking, refrigerating. light:ng, plumbing, ventilating. irrigating,
and power systems, machines, appliances. 6xtures. and appurtenances, which now are w may hereafter pertain to, or be used with, in, or
un said premises, even though they t?e detached or detachable.
TO HAVE AND TO 3~IOLD the same, together with all and singular the tenements, hereditaments and appurtenances thereunto -
belonging or in anywix appertaining, and the revenion and reversions, remainder or remainden, rents, issues. and profitt thereof, and
also all the estate, right, title. interest, homestead, dower anJ right of dower, separate estate, possession, claim artd demanci whatsoever, as
N~ell in law as in equity. of the said mortgag~x in and to lhe same, and every part thereof, with the appurtenanca ~f the said mortgagor in
and to the same, anci every part and parcel thereof unto the said mortgagee in fee simple.
And the mortgagor hereby convenants v?•ith the mortgagee that he is indefeasibly seited uf said land in fee simple: that he has futl
power and lawful right to convey the same in fee simpie as aforesaid; that it shal~ be lawful for the mortgagee, at aU times peaceably and
quietly to enter upon, hold, occupy. and enjoy said land, and every part thereof; that ~he land is and will remain free from all
encumbrances: that saiJ mortgagor w•ill make such further assurances to prove the fee simple tiUe to said land in said mortgagee as may t?e
reaw~abty ~eqwred. and that said mortgagor does hereby fully warrant the 3iUe to said lanJ, and every part thereuf, anJ will defend the
~ same ~gainst the lawful claims of all persons whomsoever.
PROVIDED Al_WAYS. and theu presents are executed and delivered upon the folbwingcanditions, to wit:
The mortgagor agrees to pay the moRgagce, or order, the principal sum of SECVBNTEffi~I THOU$AIdD $BVEN HUNDRED 6~ FIFTY
Dollars IS 17 ~750.~ as evidenced by a note of even date herewith, with interest from date ai the
rate of g~/ep per centum f ] `k ) per annum on the unpaid balance
until paid. The said principal and interest shall be payable at the office of $tOCtCtOTI~ Whatley, Davin & Co~pany,
100 West Bay Street, Jacksomiille, Florida
or at such other place as the holder of the note may designate in writing, in monthly installments of OIdB HUNDRED BIriHTBBN
and 22/100 ~Ilars (3 118.22 l. commencing on
the first day of Nove~mber . ~9]2 . 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 October, 20Q2 •
And shall duly, promptly, and fully perform, dixharge, execute, effect, comptete, and comply with and abide by each and every
the stipulations, ageements, conditions, and covenants of said promissory note artd of this mortgage, then this mortgage and the estate
hereby created shall cease and be null and void.
And the mortgagor further covenants as follows:
1. That he wilt pay the indebteclness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal
I' to one or more rn~nthly payments on the principal that are next due on the note, on the fint day of any month prior to maWriry: I'ruvided,
however, that written nutice of an intention to exercise such privilege is given at least thirty t 30) days prior to prepayment: and, provideJ
" further, that in the event the debt is paid in full prior to malurity and at that lime it is insured unde~ the provixions of the Natiortal
Housing Act, he will pay to the mortgagee an adjusted premium charge of one per centum t 1~: ) of thc original principal amount thereof.
except that no adjusted premium charge shall be due or payable i.here paymeat in tutl ~s made after tAe du~ dace oi the 120th
th a re ate amount o( remium char es w~hich hould have
scheduled pa)'ment and in no e~ent shall the adjusted premium exceed e gg g p R
been payable i( this ~1ort~age had continued to be insured until matarity, such payment to be applied by the mortgagee upon its
obliRation to the Secretary oi 1lousing and ('rban Development on accuunt o( mort~age iosurance. Walter E. Davis
1yy~ flfSTRUMENT PREPARED BY~
~ BGCK~~ PAGE ~ y ABSTRAC7 & TITI.E CORP- OP FI.A.
2pII fr, 2ND ST. FORT PIEtICE. F40RIOA