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HomeMy WebLinkAbout0743 ~ / S?-22,867 . ~f 1 ~bZ~B ~ C . . ~ i STATE Of FI.flR10A ; ~c.? ~y~l•/)l~~ This form is used in camectior~ a~-1~~~~8~ ~ with mcrtgages insuted u~der the FHA fORM NO 2110 u~ ~ R~vt~~d Merc6 i9T: \~0 S"; a 1~~ ~8~j~~? one- xo fo~~-family p~ovisionS ot ~ oN L~O '~~V the Nationel Housing Act. MORTGAGE ~ . THlS MORTGAGE, datcd the ZSt day of F@bIU8r7 , A. D. 19~3 , by and ~~weoa Larrinzo Burks and Daisy Lee Durks, his Mfe . hcreiaaRa callod the m.xtgagor, and STOG~TOH, WAAZI.BY, D~AVIIi 6 OOI~AI~Y . a corporation organizod aad existin~ uadtr the laws of $t8te of Florida ~ . htreinafter callod We mart~ec. WITNESSETH, that for divers soai and valuabie considcreuions, and also in coiuideratioa of the aggregate sum na.Ted in the promissory aote hereinafter describod. the said a~ortpgor dces hereby arant. bugau0. sell. alien. temise, relase. convey, ami cun6rm unto the sa~id mo~sgee all that certaia piece, paral. or tract of land of which the said mortsagor is now seized and possessed aod in acwa! possession, situate in ehe councy of St. Lueie and State ot Florida, described as fo!lows: Lot 335, SHERATON PLAZA IA~1IZ FODR BBPT.AT, ac~otding to the Plat thereof as ~recorded in Plat Book 16, page 18 of Lhe Public ~ Becords of St. Lucie County, Florida. _ Tc~gether ~rith the follo~wing ite~s of prvparty vh3ch ar~ located in and per~anently inatalled as a part nf the iaprotireaents oa said land: R~IGB, OOI.UlID~US 2lODBL # 34G, SBxIAL NOl~88 43864 xANC~ HOOD: IrQAI~II CAxSY, MDDBL 3730 SPACB HSA?BB: FORSAIRB, MODEI. 4b5F . T6e ea~press ence~beratien of tbe foregoing ite~s sball not be deesed to limie or reatrict tbe app2icability of aap other laaguage describing in general terss other property to be covered hereby. STATE DOCQI~i~'rARY STA?~S AFFI%ED TO THE ORIGINAI. NOTB AND CANCELLED. e Together with all structures and imptovements novr and hereafu~ on said land, arni fixtures attacFeeJ theret~. and all rents, iswes. proceeds, and profits accruing and to accrue from said premises. all of vehich are included within the foregoing description and the habendum thereof: also ali gas, steam, electric, water, and other heating, cooking, refrigerating. lighting, plumbing. ventilating, irrigatin~, arnf pavicer systems, machiees, appliances. futura, and appurtenances, which now are or may hereafter pertain to, or be used with, in, or on said premises, even th~ugh they be detached or detachable_ ~ TO HAVE AiVD TO HOLD the same. together with al! artd singular the tenements, heredicamcnts and appurtenanc:s the~cunto t+elonging or in anywise appertaining. anbihe reversion and rever~ions. remainder or remainders, rents, issucs, and profits thereof, and also all thc estate. right, title, interest, homestea~i. Jower and right of dower. xparate estate, pcnsession, claim arni demarni whaesoever, as well in law as in oquity, of the said mortgagor in and to the same, and evtry part thcreof. with thc appurtenances of the said rtwrtgagor in and to thc same. am1 evcry part and parcel thereof unto tht said mortgagee in fee simple. And the mortgagor hereM• convenants vrith the mortgagee that he is in~lefeasibly seited of said lartd irt fte simple; that he has full power and lawful right to convey the same in fee simple as aforesaid; that it shall fie lawful for the mortgagee. at all times pesceably-and quietly to enter upon. hold, occupy, and enjoy said land, and every part thtrcof: that the land is and will remain fre~ from all encumbrances: that said mongagor w~ill mate such funher assurances to prove the fee simple tide to said IanJ in saiJ mor~gagce as may be rcasonably requirni. and that said mortgagor does hercby fully r-rarrant thr tiUe to said larnl, and evcry pazt thercof, and will dcferxl the sarm against the lawful claims of all persons whomsoever. PROV IDED ALWAYS, and these praents are taecutod and delivered upon tlx following conditionc, to wit: The mortgagor agrecs to pay the mortgagee, or order, the principal sum of q'$pjjSAND I~DR HUNDRED AND NO/100-~- bollars iS 14 ~~.Q~ as evidc:tcrd by a nots of even datr hercwith, v`ith interest from date at the rate of 8eOp,n per centum ! ~`k) per a~num on the unpaid balance until paid_ The said principal and interest shal! be payable a! the office of ~(~(~p ~911,j g Q~~~ lOQ F*est Bay Street - Jacksonville, Florida 33202 or at such other plact as the holder of the note may designate in writing. in mOnthly i~stallments of Qj~$ $jj1ijD$$D 1~-j~jjiij$ AND 20/10~------- -------------~Ilars IS~9~ QQ commcncing on the a~~~ day of Ngr~ . 1973 . and on the first day of each month thereafter anti+ the prinsi~al arxl ~nterest ase fully paid, excep( that the final paXment of ~incipal artd interest, if not sooner paid, shall be due and ~ayablc on thc first day of Fpb~ry ~ 2003. : : And shall duly, promptly, and fully perfam. dischuge, exeeute, effect, complete, and eomply with and abide by each and every dne stipulations, agreemenis. eonditiotn, and covenants a said p~omissory ~oce and of this mottgage, then this mortgage and the estate hereby created shall cease and be null and void. And the mortgagor further covenants as folfow~s: t. That he will pay ~he indebteclness. as hertinbefore provided. Pri~ilege is reserved to pay thc debt in whde. a in an amcwnt equal to vne ar more mc~nthly payments un the principal that are neat due on the note, on the first day oi any month prior to matu•ity: /'rnv;deJ. however. that written notice of an intention tu eae:cise wch privilege is gi~~rn n! ltast thirty 1301 days priix to prepaymenl: anJ. provideJ further, that in the event the dcbt is paid in full prar to maturity and at that time it is insured under the provisioro of Ihe National Housing Act. he will pay to the mortgagec an adjusted primium charge of one per centum f i: 1 of the original principa! amount thereof. except that no adjusted premium charge shall be due or payable ~.here pa}ment in tull ~s maQe a(t~•r the dae date oi the 130th scheduted Qayment and in no e~•ent shall the adjusted premiam exceed the aRgreRate amount of ptemium charRe~ whi.~h Nould have been payable if this ~IoN_gage had cootinued to be insured until maturit~. ~uch pa}-ment to be applied by the monRaRee u it La ebliRatioa to the Secretan of Housin~t and Crban De~elopment on account of mortgage irsutance. gy:W et~ E THSS It3SrRUMENt FR~~REn GORP• OF FLA- go~~~ 7 /1BSTRACT & T~ ~o T P~ERCE. f~R~~A ~r ~ ~r[ .I ~ 2os a. sNO sT. .,r:_ . . _ - . _ " _ _ -