HomeMy WebLinkAbout0380 ST-21,330 , : ' - ~
STATE OF flOR10A ~S~ Q94-075A59-203 - ~
This fam ~s used in co~nection
FHA FORM NO 2110 m with mortgages ~nsvred under the
R~vis~d AAo~ch 1972 one- to tour-iamily provisions of
~ A~~.y~ the National Housing Act.
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~ MORTGAGE
7'H!S ~fORTGAGE, dateci the 8th. day of i~bvember , A. D. 19 72 , by and
t+e~wcen Zbny Slaughter and Sandra K. Slaughter, his aife •
htreinafter called the mortgagor, and
SOtTI'4iERN MORTCAGE ASSOCIAT~, INC.
. a corporation organized and existing under the laws of State of Arkans~+s
, hereinafter called the mortgagee,
WITNESSETN, that far divers goai aed valuable considerations, and also in cunsideration of the aggrega~c ~um named in the
promissory noie hereinafter described, the said mortgagor does hereby granl, bargain, xll, alien, ~emise, relase, convey, and cunfirm unto
~he said mortgagee all that certain pieca, parcel, or tract of land of which the said mortgago~ is now ~eizrd and pus.srssed and in actual
possessiun, situate in the county of St . Lucie
arxl Sla~e of Florida, d~scribed as fullov.s:
Cbranencing at the SW corner of ~31ock 2, of WILLIAI4S ADbITION, a Subdivision
of the Nw~r of the Nw~ of the SE~ of Section 20, Zbwnship 35 South, Range 40
East, according to plat thereof on file in Plat Hook 7, at page 52, of the
Public Reeoards of St. Lucie County, Florida, r~~n thence North along the West
boundary of said Block 2, 16Q feet; run thence East parallel with the South
bour.dary of said Block 2, 148.16 feet, more or less, to a point which is
equi-distant betwaen the East boundary and West bovndary of said Hlock 2;
thence run South paralle2 with the East boundary of Block 2, 160 feet to the
South boundary of Block 2; zun thence West aLong said South boundary to
point of beginn?_nn,
~ .i"' IN ~Ilr11E1R ~ ~
~~RERTI.
~~g ~~NW~~
71~t
~S ~ 1911.~~`~ -
pUR~I~ p0ltitl?S l
Cli~~ ~at' SS. UICIE ~
STRT~ JOf'L~lENTARY STA,~IPS ~F~IXED 1b Tt'E ORIGII~L NOTE AND CANCELLED
Together ~ith alt strucwrr~ and impro~emems r?oK atxt herrafter on +aid lanJ. arxi fixtures auacheel thereto. anJ all rentti, ixsues.
procerds, a~d profits accruing and to acerue from ~a~J prcm~ces. all of which are includrd aithin the foregoing descnption anJ the
hat~endum thereof; alw all gas. steam. electric, wa~er. and wher hrating, c~x~king. refrigerating, lighting. plumb~ng. ventilatmg, irrigating.
arxl power ~y~temt, machines. appliarrnn, fi?ctures. and apQurtenances, whech now are ex may hereafter pertain to. or t+e uted with, in. ur
on caiJ premise~ rven though thry he detached or detachable.
TO HAVE AND TO HOLD the samr. togrther with all anJ singular the tenemems, hereditaments and appurtenances thereuntu
helonging or in anpw ise appenain~ng. and the re~•ersiun and rever~ions, remainJer or remainden. rent~, iUUes. and profits thereof, and
alw all the estate. right. tide_ interest, homc~tead. Jower arni right of dv~wer. separate estate. pusx~siun, daim and demanJ whatwever. as
well in law a~ in eyuity. ~if Ihe said mortgagor in anJ to the same, and every part thercof. Nith the appurtrnances of the said rtxxtgagor i~
and to ihe same, aod every part and parcel thereof unto ihe said mixigagee in fee simple. .
And the m~~rtg~gur hereb} cunvenants with the mortgagee that he is indefea.ibly seized of ~aid land in fee ,implr: that he has full
power and lawful right to convey thc same in fee simple as aforesaid; that it shall be lawfut for the mortgagee, at all times peaceably and
yuieUy to enter u~wn, hutd. uccupy. •rnJ enjoy saed land. anJ evcry part thereof; that the IanJ i, ~nd will remain free from all
rn~umbrances: that .aiJ rtxirtgagur w~ll make such further as,urarxes to pro~•r the fee timple tiUe to.aid larxi in wid murtgagee as may he
rc;~u~nahly reyuireJ, and thut tiaid mortgagor dces hereby fully ~~arrant thc title to ,aiJ tanJ, and e~~ery part thrreuf, anJ w•iA dcfernf thr
wme againtit thr IaKful claim. of all persu~, Nhumwever.
PROYIDED RI.WAy'S. and these presents are eaecuted and delivered upon the folEowing ~onditions, to wit:
The mortgagor agrees to pay the mongagee, or order, the principal sum of ZWENl'X Tt~O THOUSA!VD Otie NLTND?~~ L'IFTY
Uollar+ IS 22, j50. 00 as evidcnced by a note of even date herewith, with interest From date at thr
rate uf SeVeL1 pcr centum 1 7 ~i ? per annum on the unpaiJ balance
unul paid. The said principal anJ interest shall be payable at the office of SOCT!'FiERN iK0~2T~'.~AGL' A.SSOCZATES , TNC.
P. O. Sox 3''s, Shenar.doah Station, ~iiami, Florida
vr at ,uch other place as the hotJer of the note may designate in writing, in monthly inslallments of (,?ne Hun~red Forty S even
ar,d ~z/I(1Q-___-__-•_-----__~-_~____-____-~_--[k~11anIS ~~}?.52 l.commencingon
the first day of Decem~er , t9 72. and on the first day of each rrwnth thereafter until the principal
enJ interest are fully paid, except that the final payment of pnncipal and interest, if noi sooner paid, shall be due and payable on the first
~a>~ of 'JOVemher, 2002 .
And shall duly, promptly, and fully perform. discharge, execute, effect, comp(ete, and comply wieh and abide by each and every
the stipulations, agrtements, conditions, and covenants of said promissory note arxl of this mortgage, then this mortgage and the estate
hereby created shali cease and be null and void.
and the rrwrtgagur further covenants a. follow~:
I. ~hat hr NiII paq the inJebtc~lness, as hereint+rtore provided. Pri~•ilege ic reserved to pay the debt in ahole. or in an amount eyual
tu une or rrK~re rnunthly paymenh on the principal Ihat are next due on the note, un the first Jay of ~ny month prior to maturity: P.nciJ~•d.
huwevrr, that writtrn notice uf an intention to etercise tiuch privilege i~ given at least thirt~• ~30? Jay~ priix tu prepaymrni: anJ. pru~eded
fur~hrr, that in the cvent the drbt ~c paid in full prior ti? m~turity anJ at Ihat t~me it ic insured under the provitiiom ~~f the Natiuna!
H~~u~ing Act, he W ill pay tu the murtgagee an adjusted premium charge uf une per centum (1 1 af the original principal amount thereof.
~xc~pt that no adjust~d prc~mium charR~ shall be ~iue ot pa}able ichete pa~•ment ~n tull ~s mad~• aker tA~ du~~ datr vi tnr j?Oth
hedul~d {w~mentand in no e~~~•nt~hall thr adjusteJpr~~mium exceedlhe a~;RreQate amount of premium charRPS v.hich Nould hace
b~•e~n p.i}'abl~ i( this ~1ortQa~e had continu~d to be in~ured until maturitv, suc6 pa~•mFnt to be applied h~~ the mort~aF~F u~n it~
~~blieatiun to th~ ~~rr~tan o( Hou~inR and I rhan DevclopmPnt on account of murt~a~c insur:~nc~.
n+,s INSt'HUMENT ~~~RCO Bv~ walter ~.~avi5
BOJx~V ~i~CE ~ ABSTRACT & TIT~~ CORP nF FLA.
~ 205 S- 2ND ST. v0°t P E'.._; . FI.ORIDA
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