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HomeMy WebLinkAbout4866 ~ , • ~ SWD ~ 96Z870 STATE OF FLORIOA , ~y r~j This form is used in connection FHA FORM NO 2110 m with mortgages inswed under the R•vis•d lrtorch 1972 One- to fou~-family p~ovisions of the National Nousing Act. MORTGAGE THIS MORTGAGE, dated the Zet da~ ot December . A. D. l9 72 , by and between ~g;GARgT LpUlgg apLLINS ~ a married w~omatt • hereinafter callod the mort~agor, and STOCKTON, WHATLSY, DAVIN & COMPANY , a corpo~ation organizod and exisling undcr the Iaws of State of Florida , hereinafter called the mortgagee. WITNESSETH, t~at for divers good and valuabie consideratiuna, ~nd aisv in consideratian af the aggrrgatc sum nssne~d in th~ promissory note hercinafter describod, the said mortgagor does hereby graat. bargain. sel1. alien. rcmise, relase, co~vey, and connrm unto the said mongagee all that certain piece, parcel, or tract of land of which the said mortgagor is oow seized a~d posscsscd aad in actual possession, siiuate in the county of St. Lueie and State of Florida, describcd as Cotlows: Lot 272, Sheraton Plaza, Unit Four, RepZat,' accordiag to the Plat thereof as recorded in Plat Book 16, page 18 of the Public Recorda of St. Lucie Couaty, Floridg. To ethex with the followi items of ~ 8 ng property which ~ o ~ are located in and permanently installed as a prt of ~ ~ G y t he i m provements on said land: S~~a~ n`~tn ry~Tsra~nir tin}~p~ o / eLR7e ftt iA(~2RR 591 ~A ~ ~ l~.lf?\\a~: Wa~\ia`iuii~ ~ i~i::ii i. ..s~ii ~ u:.ie.~a~e L'L-:_'" = L r tW . RANGB HOOD: MIAMI CAREY, MUDBL 3730 i SPACB ~ATER: FORSAIRE, t~DDBL 465F g~~~ ~ ~ y; The express enumberation of the foregoing items shall not ~ T be deemed to limit or restrict the applicability of any g ~ other language describing in general terme other property ~ r a~ intended to be cavered hereby. A ~ ~ SCate Documentary Stampa affixed to the original note and cancelled. Together w•ith alt structures ard improvements now and hereafter on said land, and fixtures attached thereto. and all rents, issues, procerds, and profits accruing and to accrue from said premises, all of which arc included within the forcgoing description and the habendum thereof: also all gas, steam, electric, water, and other heating, cooAing, refrigerating, lighting, plumbing, ventilating, irrigating, and power systems. machines, apQliances, fixtures, and appurtenances. w~hich now are or may hercafter penain to, or be used w•ith, in, or on said premises, even though they lx detached or detachable. TO HAVE AND TO HOLD the same, together with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaioing. and the revenion and reversions. remainder or remainders. rents, issues, and prufits thereof, and also all the estate, right. tide. interest, homestead. dower arxi right of dower, separate estate, possession, claim anci demarxi whatsoever, as well in law as in oquity, of the said mixtgagor in and to the same, and every paA thereot, with the appurtenances of thc caid mortgagor in anJ to the same, and every part aed parcel thereof unto the said mortgagee in fee simple_ And the mortgagor hereby convenants wilh Ihe mortgagee that he is indefeasibly seized of said ~anJ in fee simple: that he has full power and lawful right to convey the same in fee simple as aforesaid: that it shaH be lawful for the mortgagee~ at all umes peaceably and quietly to enter upon, hold. occupy, and enjoy said land. and every part th~reof; that the land is and will remain free from all ern:umbrancts; that said mortgagor will make such further assurances to prove the fee simple tide to,aid la~xi in said mortgagee as may t+e reasonably required, and that said mortgagor does hereby fully warrant the tide to saiJ lanci, anJ every part thereof. anJ w ill JefenJ the i s:~me against tht !aw•ful dair»s of all persons whomsoever. PROV IDED AI.W 4YS. and these presents are executed and delivered upon the following conditions, to wit: The mo~tgagor a~ees to pay the mortgagee, or order, the principal sum of SIICPEEN THOUSAND TWO HUNDRED Dollars IS 1,6~2~0.00 as evidenced by a note uf even date herewith, with interest from date at the rate of g~VeA per centum ( 7 9c ) per annum on the unpaid balancc until paid. The said principal and interest shall be payable at the office of StOCICtOri ~~I~lAtl~j? ~ Davin ~bc CO[apBR}I ~ I00 West Bey Street, Jacksonville, Florida or at such other place az the holder of the notr may desigoate in writing, in monthly installments of ONE HIINDRED S$VEN ' AND 89/100 --3~---------- Dollars IS 107.89 commencing on the 6rst day of Feb1'llary . 1973 . and on the first day of each month thereafter until ihe principal and interest are fully paid, except that the final payment of pnncipal and interest, if not sooner paid, shall be due and pa~~able on the first aAy ~?f January, 2003 . And shall duly. promptly, and tully perform, discharge, execute, etfect, complete, and compty with and abide by each and every the stipulations, a~eements, 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. And thr mortgagor further covenants as folluw~s: i. ~hat he wili pay the indebtednes~, as hcreint*efore pruvideil. Privilege is reserved to pay the debt in wfiole. cx in an amount eqoal t~~ une or rrwre monthly paymeats un the principal that are neit due on the note, on the first day af any munth prior to maturity: /'ru~•ided. however. that w~ritten notice of an intention w exercise such privilege ~s grven at leatit thirty ~ i0i Jays prior to prepayment: anJ. pruvidrJ furlher. that in the event the debl is paid in ful! prevr to maturity and at that time it i+ insureJ under the provisionc ~if the TVatiunal Housing Act, he w ill pay to the mortgagee an adjusted premium charge of one per cenium 11 r'. 1 of Ihe original principal artwunt thereof. c~cPpt that no adjusted premium char~te shall bP due or pa~able ~.here payment m la:t maAF after the dae~ ~iatc• oi ti~e ~-,'.Oth h~duiedpa ~~mentand in no ~~Fntshall the adju.tedpremium. ~+eceedthe a~~regate amount o( premium char~PS Nhich Nould have be~en payablc if this ~IortqaRe had continued to be insured until maturit~~, such pa)'mcnt to be applied bv the mott~a~~e upon itc ubliRation to the ~ccretan o! Huu~inR and l~rban Oe~elopment on ac•cuunt of mortRa~e in~urane•e. WSitEY E. Davis ~rl~/~V Piff~T(~<J TMla (~IgTRUMlNT PREPARED BY' ABSTRACT & T1T~E C~RF' ~F FLA. i.. ~t~ `J V FORT F';ERCE. FLOR~DA 20S S. 2ND ST- - ~ ; ~ ...ws~"~"~^' , ~ ~,'y^"~x ~ ' 1 i' - - e.. ~'s`~.~a.4a- o~"~