HomeMy WebLinkAbout2642 SWD ! l62i76 : .
STATE OF FLORIQA ~43428
This fo?m is used in connection
FHA FORM NO 2110 m with mortgages insured under the
R•v1•.d Mo.ch i972 one- to t0ur-family prOVisions ot
the National Housing Act.
MORTGAGE
THIS h10RTGAGE, dated tAe i8t day of December , A. D. 19 7~ , by and
~~WK~ JA?OiS H. JOHNSON and VSRA M. JOHI~l30N, h18 wife ,
he~einafler callod the mortgagor, and
STOCKTON, WHATLBY, DAVIN ~ O~1rII'ANY
, a corpa~ation organizod and existiag under the laws ot
State of Florida , hereinafter callod the mortgagee,
WITNESSE'I'H, that for divers good a~d valuable considerations, and also in consideration of the aggregate sum namod in the
promiss~ ry note hereinafte~ describod. the said mortgagor does hereby gant, bargain, sell, alien. remise, relace, convey, and confirm unto
the saic~~rna~tgagee a0 that cenain piece, parcel, or tract of land of which the said mongagor is now seized and possessed a~d in actual
possession, situate in the county of
St. Lueie and State of Florida, dacribed as fol[ows:
Lot 278, Sheraton Plaza, Unit Four. Replat, according
to the Plat thereof aa reoorded in Ylat Book 16, page
18 of the Pu61 ic Records of St. Lucie Couatq, Florida.
Together with the following items of property which
are located in and permanentlq inatalled as a part of
the impravements on said land:
RANGB: OOL1Jl~US, l~liDDII. 34G, SSRIAL NUl~BR 52140
RANGB HOOD: HIAHI CARBY, r1DDSL 3T30
SPACB HBATER: FORSAIBB, MDDffi. 465F
The express enumberation of the foregoing iteme shall not
be deeaaed to limit or xestrict the applicability of auy
other language describing in geaeral terms other propertp
inteaded to be covered hereby.
State Documeatary Stamps affixed to the ariginal aote and
cancelled.
Together with att structures anci improvements now~ and hereatter on said land, ar~d 6xtures attached thereto. anJ all rents, issues,
proceeds, and profits accruing and to actrue from said premises, a!I of which are included within the foregoing description and the
habendum ~hereof; also all ga~. steam, electric, water. and other heating, cooking. refrigerating, lighting, plumbing, ventilating, irrigating,
and pow•er systems, machines, appliances, fixtures, and appurtenances. ..hich now are or may hereaf~er pertain to, or be used with, in, or
on said premises, e~•en though they be detached or detachable.
TO H.4VF 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 roversions, remainder or remainders, rents, issues, and profits thereof, and
also aU the estate, right, title, interest, homestead, dower anci right uf dower, separare estate, possession, claim and demand whatsoever, as
well in (aw as in equity, of the said mortgagor in and to the same, and every pan thereof, with the appurtenances of the said mortgagor in
anJ to the same, a~c! every parl and parce! thereoF unto the said mortgagee in fee simple.
:\nd the martgagor hereby convenants with the murtgagee that he is indefeasibly seized of said land in tee simple: that he has full
power and lawful right to convey the same in fee simple as aforesaid: that it shatl be (awful for the mortgagee. at all times peaceably and
quietly to enter upon, hold, occupy. artd enjoy said land, and every part thereuf: that the larxl is and will remain free from all
er?cumbrances: that said mortgagor will make such further assurances to prove the fee simple tiQe to said IanJ in said mortgagee as may be
reau~nably required, and that ,aid mortgagor does hereby fuUy warrant the titte to said land, and every part thereof, and will defend the
same against the lawful claims of a!I persons Nhoms~ver.
PROVIDED ALWAYS, and these presents are executed and delivered upon the folbwing conditions, to wit:
The mortgagor agrees to pay the mortgagee, or order, the principal sum of NINBT88N THpUSAND AND NO~lOU
Dollars IS 19~0~.00 at evidenced by a note of even date herewith, with interest from date at the
rate of 8~~ per centum 1 ] r/i ) per annum on the unpaid ba(ance
until paid. The said principal and interest shall be payable at the office of Stoekton, Whatley, Davin ~ COmpSAy ~
- 100 Weat Bay Street, Jacksonville, Florida
or at wch other place at [he hotder of the note may designatt ie writing, in monthly installments of OI1e Huadred Twenty-$1X
8Ad 54/100 Dollars {E 126.54 commencing on
the fint Jay of Jgn~ry , 19 73 , and on the first day of each month thereafter until the principal ~
anJ interest are fully paid, except that the final payment of principal and in.terest, if not sooner paid, shall be due and payable on the first
Jay of December, 2(~Z • ~
And shall duly, promptly, and fully perform, discharge, execute, ePfect, complete, and comply with and abide by each and evety
the stipulations, aBeements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate
bereby created shall cease and be null and void.
AnJ the mortgagor further covenants as follows:
I. "ihat he witl pay the inJebtedness, ac hercint+ctore providc~f. Previlege is reserved to pay the debt in whola or in an amount equal
to une ur rtwre rrwnthly payments on the prinCipal that are next due on the note. on the fint day of any month prior to maturity: 1'ro?•iJed,
huwever, that written notice of an intentiun to e~ercise such privilege is given at least thirty 130) days pricx to prepayment; and. proviJed
further.'that in the event the debt is paiJ in full prior to maturity and at that time it is insured under the provisions of the National
Huu~ing Act. he uill Day to the mortgagee an adjusted premium charge of one per centum 11 "r ) of the original principal amount thereof.
eacept that ao adjasted premium charge shall be due or pa}~able ~.Aete payment m tull is made after the duc~ da[e oi the 120th
~cheduledpaymentand in no e~•ent shal! the adjusted premium ezceed t~e a~gregate amouot o/ premium charges which would have
he~Pn pa~able i( thi~ ~1ortRage had continued to be insured until matu~~ty, such payment to be applied by the mortga~ee upon its
obliRation to the Secretan~ o( Housin~ aad l~rban De~~elopment on account o( mortgaRe insurance.
n~ie INfTRUMlHT PREPARED er~ W81ter E. Davie
A85TRACT 6c TlTLE CORP OF FLA
20S S. 2N0 ST, f011T PIERCE. ~LOR p,a
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