HomeMy WebLinkAbout0170 g~
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STATE OF f~ORtOA ~
This form is used in comection
FHA FORM NO 2110 n~ with mortgages inswed under the
R•~is.d Mo.ch 1972 on~- to fou~-familr provisions ot
the Nalional Housirtg Act.
MUR'rGAG~
THIS MORTGAGE, dated the ~St daY ot februar~ . A. D. 19 73 . by and
becwrcn JONNNY L. BROItN d11d GWENDOLYN BR41~f~i, his wife ,
hcreinafter called the mortpgor. and
PHIPPS HARRIN&TON CORPORATION - FLORID~A, d/b/a FIRST ORLANDO MORTGAGE COMPANY ~
, s corporation o~ganizod aad ezisting uader the laws of ~e state of Del aware '
. hereinafta caqedthe mortaaaee.
tiNITNESSETH. that for divers good and vatuable cantiderations. and aiso ~a consideration of thc aggregate w~ri named in the
p~omissory note hereinaticr dexribed. the said mortga~or does hercby gaat. bugaen, sel1. aliea. ~emi~r,~ relase, coaver. and wafirm unto
~he said rtwrtp~ee :l! that certain piece. par~el, or tract of tand of whicA tlx sxid mortaagor is ~orv seized and po~sed sr~d in acwa! '
Eossession, siwate in che county of $T. L(jCIE
and Stato of Florida, desc~ibod as foQovrs:
Lot 102 of SHERATON PLAZR UNIT TWO REPLAT,
according to the Plat thereof as recorded
in Plat Book 16, page 2, of the Public
~ Records of St. Luci~ Cou~ty, Florida.
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W~`" ~ IN PAYMd(f OF TAXEi j
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w~ PilKS111111T TO f~IMTER 71-13t. II~CTS OF 1971. ~ rD- n
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A.EJI~ C~IqNT OOtIR't, ST, tUClE a0. N1l ~-~°v ~
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Together with all structures and impfovements now and hereafter on said land, and fi~tures attached ihereto, and ~11 rcnts, issues,
U W~ proceeds, and profits accruing and to accrue from said premises, all of which are included within the foregoing descripiion and the
> habendum thtreo~ also all gas. steam. elcetric. water, and ahen c~ating, cooking, refrigerating, lighting. plumbing. vtntilating, irrigating,
F~ and power sysec:ns, machines. appliances, fixtures, and appurtenances, which now are o{ msy hereafter pcrtain to, or be used with, in, or
on said premises, even t6ough thry be detached or detachabta - ~
y z a f0 HAVE AND TO HOLD the same, togothrr with a!: and singular the tenements, hereditaments and ap~ort:nances thereunto
belonging or in anywise appertaining. and the reyersion and re~ersions, r~mainder or remainders, rents, issces, and profits thercof, and
p f.. also all the estate, right. title, interest, home~'ead, dovrK and righ~ otc~x•cr, separate estate, poasescion. claim and demand whauoever, as
o Z u•ell in law as in equity, of the said mortgagor in and to the same, and every part thereof, with the appunerances of the said mortgagor in
~ 3 a~xf to the same, and every part and parcel thereof anto the said mortgagee in fce simple.
•r And the mortgagor hereby convenants with the mortgagce thxt he is indcfeasibly seized of said land in fee simp)e; that he haz full
power and lawful right to convey the same in fee simple as aforesaid; that it shall be lawful for the mo~tgagce, at all times peaceably and
quietly to enter upon. hold, cecupy, and enjoy said tand, and every part theseot; i::t i:u land is and wi(1 remain tree trom atl
encumbrances; t3at said mortgagor wiH make such further assuranca to prove the tee simplt tiile to said la~ in said morigagee as may be
reau~nably required, and that said mortgagor does hereby ful!y warrant the title to said lar!d, a~d every pan ~hereof, and w•ill defer?d the
sartx against the lawful claims of all persons whomsoever.
PROV IDED ALWAYS, and thesc praents are executed and delivered upon the folbwing conditions, to wit:
~ mo~t~or ag«s co Pay che morcgage~, ar o~der, Pr~~~;~ s+~m d SEVENTEEN THOUSAND TWO F~UNDRED FI FTY AND
~ ~~1~ (S ~ 7 ~ 2~ u evidenced by a note of even date hercwitD~, with interest from date at the
rate of SEVEN per «ntum ( 7 ~ifc ) per annum on the unpaid balancc
until paid. The said principal and interes~ shall be payable at the office of pHYpp$ HqRRINGTON CURPORATION - FLORIDA
d/b/a FIRST ORLANDQ MORTGAGE COMPANY
or at~sucDh o~~
p~~as th=holde~=f th= note may designate in writing, in monthly installmenu uf OWE HUNDRED FQt1RTEEN
i Dellars (S ~ ~ 4. l. commeP ir~gP
n
th~ first day of - ~'~dl"C~i , 19 73 and on the ~irst day of ~ach month thereaftcr until the nnci a!
and interest are tuliy paid, exce~+r that the finai payrteent of {+rincipa! ar~d interest. if not so~ntr paid, shall be due and pnyable on the fint
~~ay ~r February, 2003 .
And shall duly. promptly, and fully perform, di~charge, cxecute, efioct, complete, and comply with and abide by each ar.d every
the stipulations, agraments, cooditioas, and covenants of said promissory nde and af this mongage, then thia mortgage a~d the estate
hcreby created sl~ali cease and be nult and void.
- And the mo~tgagor furt:~er co~enants as folto-.vs:
'•3''~ 1_ That he will pay the indebtedness, as hercinbefore providal. Privilege is reserved to pay the debt in whole. or in an amount equat
t~ ~o unc or nwre monthty payments oa the principal that are nezt due on the note, on tht first day of any month preor to maturty. !'ro?•idad.
how•ever. ~hat written nuticr of 2~ intention ta exe~cix such Friviiege is given at least thisty (30) days prior to prepayment; ?nd, provided
^'S further, that in the event ~he dcbt is paid in full prior to maturiey and at that timc it is insurcd under the provisions of tix [Yationat
;.y Housing Act, he wili pay to the mortgaget art adjwted premeum charge of one per cemum 11'"~ ) of ~he original principal arraunt thereof.
C excepl that no adjusteA ptemiur.i charRe shall be d~~e ar payable where payment in lutl ~s made after tfe uae date oi tne 120th
scheduledpaymeotand in uo event snali the adjusted Fremium exceed the aRgregate amouot of premium charRex v~hich wootd have
bcen par'able if this ~IortRagc had continued to be insured unti) maturity, such payment to Lr applied by tne mortgaRee upon its
obii,r,atiun to the ~euetary of Nousin~ and 1'rban Developme~t oa acccunt a( mortga~[e insurauce.
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