HomeMy WebLinkAbout0978 , ~~j' . ' . = r ST-20,5$7
~ ' ' "f S'WD # 162051
STATE OF FLORtOA ~
~ This fam is used in connection
FHA FORM NO 2110 m '~L• with morigages insured under the
R~vis~d Morch 1972 s~~' ~ ~ one- to four-family provisions of
1,~ ~ the National Housing Act.
~~'~i~` p~~ ~~MORTGAGE
~
~
THIS NORTGAGE, dated the 18t daY ~ September . A. D. 19 72 , by and
b«wK~ KBNNBTH 8. JHNKINS and IAUDBLLB JB~JKINS, his taife •
he~einaftv called the mortgagor, and
STOCRI'ON, WHATLSY, DAVIN ~ OOI~ANY
. a corporation organiud a~d existing under the laws of
StBt@ of Florida , hcreinatter called the mortgagee.
WITNESSETH, that tor divers good and valuable considerations, and also in consideration of the aggregate sam named in the
promissory note hereinafter dcscribed, the said mortgagor does hereby grant. bargain, sell. alien. remise, rclau. convey, a~d sonfirm unto
the said mortgagee all that certain piece, parcel, or tract of land of which the said mortgagor is now seized and possesstd and in actual
possession, situate in the county of
$t. I.ueie and State of Florida, described as foilows:
Lot 186, Sheraton Plaza, Uait Three, Seplat
according to the Plat thereof as recorded
in Plst Book 16, page 12 of the Public Recorda
of St. Lucie Couaty, Florida.
Together with the folloWing items of property Which are located in and permanent2q
installed as a part of the improvements on said land:
RANGB: OOLUI~US, i~Dffi. 34G, SSRIAL NUl~BR 43879
RANGS HOOD: HIAMI CAREY, MODffi. 3730
SPACB HBATffit: FORSAIRB, 1~Dffi. 465F
The expreas enumberation of the foregoing items shall not be deemed to limit or
restrict the applicability of any other language deacribing 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 ~mprovements now and hereafter on said land, a~xi fixtures attached thereto. and all rents, issues.
procerds, arxi profits accruing anJ to a:crae from said premises, all of which are includcd within the foreguing description and the
hat+endum thereof; also all gac. steam, elect~ic, water, and othe~ heating, cooking, refrigerating. tighting, plumbing. ventilating, irrigating.
and power systems, machines. apptiances, fixtures. and appurtenances. which now are or may h~reafter pertain to, or be useJ with, in. or •
on wid premises. even though they tx detached or detachable.
TO HAVE AND "TO HOLD the same, together with all and +ingular the [enements, hereditaments aod appurtenances thereunto
t+elonging or in anyw-ise appertaining, and the reversion and reversions. remainder or remainde~, rrnts, issues. and profits thercof, and
alw all the estate, right, title. interect. homestead. dow~er and right uf ~vrer, separate estate, posses~ion, claim a~xi demarxi whatsoever. as
weli in law as in eyuity, of the caid mortgagor in and w the same, and evrry part thereof, with the appurtenances of the saiJ nx~rtgagor in
and to the same, anJ evrry part and ~arcel thereof unto the said mortgagee in fee simple.
And the rtw~rtgagor hereb>~ convenants with the mortgagee ~hat he ic indefea.ibly seized of said IanJ in fee simple; that he has full
power and lawful right to convey the same in fce simple as aforesaid: that it shal! be lawfu! for the mortgagee, at aU times peaceably and
quieUy to enter upon, hold, cecupy. and enjoy saiJ land. anJ every part thereof; that the larxf is and will remain ~free from all
ernumbrances: that taid rrK~rigagor will make such further assurances to prove the fee simple tiUe to saiJ larnl in said murtgagee as may t+~
j reawnably required, and that ,aid mortgagur does hereby fully warrant the title to wid larxl, and every parl thereof, and w~ill defenJ the
~ same against the lawful claims of a!1 per.wns ~+hum~orver.
I PROVIDED ALWAI'S. and these presents are ezecuted and delivered upon the (ollowing co~xlitions, to v?it:
r The mortgagor agrecs to pay the mortgagee, or order, the principal sum of SEVffidZBHN THiOUSAND NINB HUNDRSD b~ FIFTY
' Dullars IS 17 ~950.~ as evidenced by a note of even date herewith, with interest from date at the
~
( rate of SeVeA per centum ( 7 `i~ ) per anrtum o~ the unpaiJ balance
until paid. The said principal and interest shall be payable at the office of StOCICtOIt ~ Whatley, Davin ~ C0~1BA~?~
~ 100 Weat Bay Street, Jacksouville, Floricla
~ or at .uch other place as the holder of the note may desegnate in writing, in monthly installments of ONE ~IUN~BHD NIN$TBEN
~ AND SS/100 Dollars IS 119.55 commencing on
the first Jay of November . 19 72 . and on the first day of each month thereafter until the principal
~ ~
~ and interest are fully paid, except that the firtal payment of principal and interest, i[ not sooner paid, shall be due arxi payable on the first
Jay of October, 2002 .
F And shall duly, promptly, and fully perform, discharge, ~aecute, efiect, complete, and compiy with arx~ abede by each and every
; the stipulations, a~eemenu, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate
hereby created shall cease and be null and void.
; :~nd the mortgagur further covenants as followti:
~ I. That he will pay the inJebrednecc, as hereinbefore provideci. Privilege is reserved to pay the debt in whole, or in an amount equal
~o une or nxxe r?wnthly payments on thc principal that are next due on the note. on the first day of any month prior to maturity: /'ru~•ided.
~ huwever, that Kritten notice of an intention to exercise such privilege is given at least thirty 1301 Jays prior to prepayment: and. provided
~ further, that in the event the Jebt is paid in full prior to maturity and at that time it is insured under the provisions of the National
y Housing Act. he Ki11 pay to the mortgagee an adjusted premium charge of one per centum f 1'"r 1 of the cxiginal principal arn~unt thereof.
~ exce~pt that no adjusteA premium charqe shall be due or payabte ~.~here papment in tut! ~s made after tAe dur Oatr ot toe 120ih
~~hPduledpa ~ment and in oo ee~nt shall the adjusted premium exceed the aRgreRate amount of ptemium charRes which Nould have
hef~n payable if this ~1ortRa(te had continued to be insured until maturity, surh payment to be applied b~ the mortRa~ce upon its
ubli~ation to the ~NCretan• ot flou~ing and Crban De~•etopment on account o( mortgaRe ensuraace.
Walter E. Davia
~OWI~~ ~ ~ YMtf INSTRUFtENT pREPARED BY:"
ABS7RACT ac TITL-E CORP. OF FlA
Z04 s 2Np ST, FORT PfERCE. FLORIOA
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