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. SWD # 962868
STATE Of FLORIDA
This form is used in connection
FHA FORM NO Z110 m I~:'~~~~~jV with mortgages insured under the
R~vls~d Mo~:R 1972 onc- to fpur-family p~ovisio~s of
the National Housing Act.
MORTGAGE
THIS MORTGAGE, dated the iSt day of December , A. D. 19 72 , by and
beiWecn ARTHUR LEB FRAN1a.IN, Jr. and CINDU MAE F1tAN1~.IN, his wife ,
hercinaRer called the mortgagor, and
STOCKTON, WHATLEY, DAVIN ~ COI~ANY
, a corporation organited and existing under ehr laws of
State of Flor3da .~K~~nafte~ caNed thc mortgagee,
WITNESSETH, that for divers good and valuable considerations, and also in considcration of the aggrcgate sum namod in the
prumissory note heroinafter ducribed. thc said mortQagor does he~~by gant, bargain, sell, alien, remise. relase, convey, and confirm unto
the said mortgagee all that certain piece, parcel, or tract ot Iand of which the said mortgagor is now uized and possessed and in actual
possession, situate in the counry of
St . Lucie and State of Florida, described as follows:
Lot 270, Sheraton Plaza, Unit Four, Replat,
according to the Plat thereof ae recorded ia
Plat Book 16, page 18 af the Public Records
of St. Lucie County, Plorida.
Together with the following items of property
which are located in and permanently installed q`~,~
as a part of the improvements on said land: jOt~~c~y~
RANGB: COLUMBIJS, I~DEL 34G, SIItIAL NUI~Bffii 52154 ~g, llD~. -
RANGB H40D: MIl1MI CARSY, I~DEL 3730 c, ~
f94y~,~
SPACB HEATER: FORSAIRS, MODEL 465F ~~1~F9 ~
A jD~li~
,~eb~ E
The express enumberation of the foregoing ite~ma ~ sr ~~tr~~~~FT
shall not be deemed to limit or restrict the 4yF ~y~~,y'~}
applicability of any other language describing ~b ~j~
in general terms other property intended to be ~
covered hereby.
State Documentary Stampa affixed to the original ~
note and cancelled.
Together with all structures and improvements noK• and hereafter on said IanJ, and fixtures attached thereto, and all rents, issues,
proceeds, and profits accruing and to accrue fram said premises. all of which are included Kithin the foregoing descriptiun and the
habendum thereof; also all gas, steam. electric, water. and other heating, couking. refrigerating, lighting, plumbing, ventitating, irrigating,
and poW~er systems, machines, appliances, fixtures. and aQpurtenances, uhich nox~ are or may hereafter pertain to, or he used with. in, or
on said premises, even though they be detached or detachable.
TO NAVE .4ND TO HOLD ~he same, together with all and singular the tenemcnts. hereditaments and appurtenances tAereuntu
t+elonging or in anyw•ise appertaining. and the reversion and revenions, remainJer or remainden, rents, iswes, and profits thereof, and
also all the estate, right, title. interest, homestead. Jower anJ right iif dawer. separate estate. Fxissession, claim a~xf JemanJ whats~ever, as
well in law as in equity, of the said mortgagor in arxi w the same, anJ every part lhereof, with the appurtenances of the saicl rtwrtgagor in
arnf to the same, anJ every part sn<! parcel thereof unto the said mortgagce in fee simple.
And the mortgagor hereby convenanls with the murtgagee that be i~ indefca~ibly seited of said land in fee simple: that he ha~ full
power and lawful right to convey the sam~ in fee simple as aforesaid; that it shall be IaKtul for the mbrtgagee, at all times peaceably and
quietty to enter upon. hold, occupy, artd enjoy saiJ land. erxl every part thereof; that the latxf is and will remain free from all
encumbrances; that tiaid rtwrtgagor will make such further assuran~cs to prove the fee simple title to sai~1 lanci in said mongagee as may t?e
rrau~nahly required. and that ~aid mortgagur Joeti hcreby fully warr~nt the tidr lu sa~d IanJ, and every parl thereof, and wi11 defend !he
,ame against the lawful claimc of all penons N~homwever_
PROV IDED ALWAYS. and these presents are executed and delivered upon the following cvndition+. to w iC
The mortgagor agrees to pay the mongagee, or order, the principal sum of Seventeen Thousand Five Nundred Fifty
Doltar~ IS 1~ ~$50.00 as evidenced by a note of even date herew•ith, w•ith interest from date at the
rate of seven per centum ( 7 '7c ) per annum on the unpaid balance
until paid. The said principal and interest shall be payable a~ the office of S~OCTct4II ~ Whatley, Davin & COm~SAri~/ ~
100 West Bay Street, Jacksonvil2e, Florida
ur :~t tiuch other place as the holde~ of the note may designate in writing, in rrwnthly inslallments of ONT HUNDRED SIXTE$N
SIId 88/100 Dol{ars IS j16.88 commencing un
the first day of Fgb=ugt~? • 19 ~3 . and on the first day of each month thereafter until the principal
,~rxi ~nterest are fully paid, except that the final payment of princ~pal and ~nterest, if not xwner pa~d, shall be due and payable on the first
Jey uf January, ZQ03 •
And shall duly, promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide t+y each and ev~ry
tht supulations, agreements, conditions, and covenants of said promissory note arxi of this mortgage, then this mortgagc and Ihe estate
hereby created shall cease and be null and void.
And the ~~wrtgagur f~rther covenants as folluwti:
1. That hc will pay the indeMeriness. as hereintrrfi~re pmvidetil. Privilege is rrserveJ to pay the debt in wfiole. cx m an amuunt equal
tu ~~nr ur rrwrr rnunthly paymenh un the princ~pal th~t are neit due on ihe note. un the firsl Jay of any month prior to matunty: /'r.~riJed.
hu..e~•er, that w nttrn notice uf an inte~lion to exercitie wch privilege i< grven at Ica.t thirt~ ! 301 day. priix tu prepayment: anJ. proriJeJ
lurther, that in the event the debt iti paiJ in full prior to ma~unt~ anJ at that t~me it is insured unJer the provi~iunc af the Natiunal
Huu~ing :lct. he wil) pay to the murtgagee an adju~ted premium charge uf one per centum 1 1~~ 1 af the orig~na) principal amount thereof.
c~rPpt that no adjusteA prrmiurn charRe ~hall b~ due or pa}ahle• ti.h~rc• pa~ment m lu:l mad~~ after the du~ dnt~• oi t%rF I;',Oth
he•dule•d pa~ment and in no ~c~nt .hall the adju.ted pr~m+um ~YCr~,) th~ aR~rf•€atr amount o( pre•mium ~ har~e•s Nhi~~h K'OUItI f1aYP
bt•~•n pav.ibl~- if thi. )lorteag~ had cnniinur~d to he i~sured until matur.t~, ~nch paym~nt to be applied bv the mort~eaRPe upon its
ohl~eatiun to thc~ ~e•~ retan o( Huu~in~ ~nd 1'rban f)ev~lopmi•nt on a~ c uunt of mort~aRe insurancf•.
~ j,ry~~ Walter E. Qavis
TMIS IN5T~7UME~lT PF«'A~'r~ CV
A85TRACT & 1lT:.F CO'~P C~ FLA.
20D S. 2ND ST. FORT PiER~E. F:.OR.DA
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