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HomeMy WebLinkAbout0973 , , ~y ~ ' ST-20,584 ~ Z4~ S~iD # 162048 G ~ STATE OF FLORIDA d ~ ~ 1 ~ This form is used in coru~ection FNA FORM NO 2110 m • with mortgages i~sured under the R~vis~d Moroh 1972 onc- to four-family provisions of ~ ~~r1~`,~}~~~ the Natio~al Housing Act. ~ . ~~`~o`'`~'~~~~•~y MORTGAGE ~ a~' THIS MORTGAGE, dated the 18t daY ~ September , A. D. 19 ] j , by and between g~pggRT L. W~LLIAMS and DOLI.SNB WILLIAMS, his Wife • hcreinaftcr calicd the mortgagor. and S'i~OCKTON, WHATLBY, DAVIN 6~ OOMPANY , a corporation organiuvi and existi~g under the laws of $t8te of Florida . hereinafter called the mortgagee, WITNESSETH, that for divers good and valuable considerations, and also in consideration of the aggregate sum namod in the promissory note hereinafter described. the said mortgagor does hereby gaat, bargain, sell. alien. remise. relase. convey, and confirm unto the said mortgagee all that certain picco, parcet, or tract of Iand of which thc said mortgagor is now seiud and possessed and in actual possession, situate in the county of St. LuCie and State of ~iorida, desc.ribed as fo1lows: Lot 183, Sheraton Plaza, Unit Three, Beplat according to the Plat thereof aa recorded iz Plat Book 16, page 12 of the Public Records of St. Lucie County, Florida. Together with the follo~ing items of property Which are located in and permanently inatalled as a part of the im~rovements on said land: RANGS : QOLUI~US , 1~DBL 34G, S~IAL NUt~ffit 43880 RANGB ~~OOD: MIAMI CARSY, MUDffi. 3730 _ SPACS ~ATffit: FORSAIBB, MODffi. 465F The expreas enumberation of the foregoing items ehsll n~t be deemed to limit = or restrict the applicability of any other lengwtge deacribiag in general terms other property intended to be covered hereby. State Documentary Stamps affixed to the original note and cancelled. Together with all structures and improvements now and hereafter on said land, atni fixtures attached thereto, and all rents, issues. - proceeds, and profits accruing and to accrue from said premises, all of which are included w+thin the foregoing description and the habendum thereof: also all gas, steam, electrec, water, and other heating. ccx~king, refrigerating. lighting, plumbing, ventilating, irrigating, and pow~er 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, together with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining, and the reversion and reversions, remainJer or remainders. rents, issues, and profits thereof, and also all the estate. right, title. interest, homestead, dower arxi right of dower, separate estate, possession, claim and demand whatsoever. as well in law as in equity, of the said mortgagor in and to the same, and every part thereof, w•ith the appurtenances of the said mortgagor in f a~d to the same, and every pan and parcel thereof unto the said mortgagee in fee simple. And the mortgagor hereby convenants w•ith the mortgagee that he is indeteasibly seized of said land in fee simple; that he has full ~ power and lawfut right to convey the same in fee simple as aforesaid; that it shall be Iawful for the mortgagce, at all times peaceably and E quietly to enter upon, hold, occupy, and enjoy said land, and every part thereof; that ihe land is and w•ill remain free from all r encumbrances: that said mortgagor will make such further assurances to prove the fee semple title to said land in said mortgagee as may be s reasonably required. and that said murtgagor does her~by fully warrant the title to said land. and every part thereof, and will defend the ~ s:ime against the lawful claims of all persons whomx~ever. ~ ~ PROVIDED ALWAYS, and these presents are executed and delivered upon tho to~towing conditions. to wit: ~ The mortgagor agrea to pay the mortgagee, or order, the principal sum of $IGHPSffid THOUSAND Ti~10 HUNDRED 6c NO/100 ~ Dollars li ZH ~ZOO.~ 1. as evidenced by a note of even date herewith, with interest from date at the ' rate of seven per centum 1 ~ ~?c ) per annum on the unpaid balance i until paid. The said principal and interest shall be payable at the office of $tOC1CtOA~ Whatley, Davin ~~:0~18iI~/~ 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 ON8 HUNDRBLI ~ Ti~iLrNPY-ONS AND 21/100 Doltars ~S I21.21 commencing on ! the first day of November , 19 ~2, and on the first day of each month thereafter unti! the principal ~ and interest are fully paid, eacept that the final payment of principal and interest, ii not sooner paid, shall be due and payable on the first ( day of October, 2002 ~ 3 And shall duly, promptly, and fully perform, dixharge, execute, effect, complete, and romply with and abide by each and every ~ tht stipulations, ageemeats, conditions. and covenants uf said promissory note and 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: . l. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole. or in an amoun qual to one or more monthly payments on the principal that are next due on the note, on tne first day of any month prior to maturity: l~o?•eAed, ~ however, that written notice of an intention to rxercise such privilege is given at least thirty 1301 days prior to prepayment: and, provideJ further. 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 Nousing Act, he will pay to the mortgagee an acf~usted premium charge of one per centum 11 r'~ ) of the original principal amount thereof. except that no adjusted premium charge shall be due or payable ~.here payment in tutl is made a(ter t6e due date oi tne 120th scheduled pa~•ment and in ao event shall the adjusted premium exceed the aggreRate amount ot premium charges which would have been pay'able ii t6is ~1ortRage had continued to be insured until maturit}', such paymeat to be applied by the mottgagee upon its obliRation to the Secretary of Housin~t and Grban Development ou acco~nt of mottgage insuraace. G R r+is 1NSTRUMEN'T pREPARED av: Walter E. Devis aVdY ~~7 TAr,E 9~3 ABSTRACT & TtTLE CORP OF FLA 205 S. 2ND ST. FORT PtERCE. FLCt,:;A