HomeMy WebLinkAbout0246 25~151
STATE OF flOR10A
This fwm is used in connection
fMA FORM NO 2110 m with mortgaQ~s insured under the
Revised May 1971 one- to four-famil
y provisions of
the National Housing Act.
MORTGAGE
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THIS AlORTGAGE, datecl the 13th day d Ap'RII+ , A. D. 19 73 , by :.nd
between ALBSRT LBB~ JR. siid MARY C. LEE~ huebsud SIId ~3.fe ,
hercinatler called the mortgagcx, and
THS LOMAS AND NBTTLETON OOI~ANY
, a corporation organized and existing under the taws of Conaecticut
. hercinafier cailed tht mortgagee,
WITNESSETH, that for divers good and valuable considerations, and also in coraideration of the aggrcgate sum named in the
promissory note hereioafter desc~ibed. the said mortgagor does hereby grant, bargain. sell, alien, remise. relase, convey, and confirm unto
ihe said mortgagee all that cenain picee, parccl, or tract of land of which the said mortgagor is now seized anJ pos+esscd and in actual
posxssion, situate in the county of $T. I.IICI$
and State of Florida. describod as follaws:
Lot 75 of SHBRATON PLAZA, Unit T~ro Replat,
according to tbe p2at thereof recorded in
Plat Book 26, at Page~2 of the Public
Recorda of St. Lucie County, Florida. ~
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d~ ~MF~ ~ T~ This instrumen! uas prepared by .
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q1~PiER 71•13~ i9i1 C ~
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Togother with all structures a~xi improvements now ami hzreafter on said tand, and fixtures attached thereto, anJ a!! rents, issues.
proceeds, and profits accruing and tu acerue from ~aid premises, all of which are inclwled within the [oregoing description and the
habendum thereof: also all gas, steam, eiectric, water, snd other healing. ccwAing. refrigerating, lighting, plumbing, ventilating, irrigating, '
and power systems, machines, appliances. fi~wre~, and appurtenances, which now are or may hereafter pertain to. ur be used r+itb, in. ur
on saiJ premises, even though they tx JetachcYl or detachable_
TO HAVE AND ~f0 NOLD the ~me. tugcther with all and singular the tenements. hereditaments anJ appurtenances thereunto
t~elonging or in anyw isr apperlaining. and thr reve~ion and reversion,, remainder w remainJen, rentx iscuc~s, ~nJ profitt thereof, and
alw aU the eslate, right, tiUe. interest. humestead, Jower ancl right of Jower, separate estate, pos_+ession, claim and denwnJ whatsuevcr, as
wtll in law a~ in equity, uf the ti:,iJ mortgagur in arxi to the samr, and every part thereof, with the appurtenances of the said rt~rtgagor in
anJ ~o the same, anJ ~very part arxi parcel thereuf unw the ~aiJ mwtgagee in fee simple. •
And the mortgagor hereby convenants with the mortgagee that he ic indefea~ibly seieed of taid land in fee tiimple: that he ha~ C~II
' power and lawful right to convey the same in fee simple as aforesaid; that it shall be lawful for the mortgagee, at all times peaceably and
I quietly to enter upon, hotJ, accupy. and enjoy said IanJ, anJ every part thereuF, that the larxi is :~rxf wiU remain free from all
~ rncumbrances: that said mortgagor will make such funher a~wrances to prove the fee simple tille to said IanJ in wiJ mortgagee as may be
reawnably required, and thai saiJ mortgagor does hereby fully warrant ihe title to s:?id IanJ, anJ rven• part thereot: anJ K~itt defend the
s:?me against the lawful claims of all penons whom+never.
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PROV iDED ALWAYS, and these pre.sents are executeJ and delivered upon the folluwing conditions, lo M it:
The mortgagor agees to pay the mongagee, or order, the princiE+al sum uf Eighteea Thousand Eight Huadred 6 No/100
Dollars (Sj$~$~~~ as evidenceJ by a note of even date herewith, w~ith interest from Jate at the
rate af $eVeA ~ ~ per cenium 1 7"c 1 per annum on lhe unpaiJ balance
until paid. The said principal and interest shall be payable at the office of THE jAj•~.S Ajdti ~E~1~.ET~jij C~MPAN~~ P~ O~
Box 926, Virginia Beach, Virginia 23451
or at such other place as the hoWer of the note may designate in writing, in monthly instaNmertts of ~]E Hjnij~j~D TWEN~Y_gIVE
8IId 21~100---- - ------------po1~ars ~ S 125 . 21 commencing on
the first day of J~e . 19 73 , and on the fint day of each monlh, thereafter until the principal
snJ interest are fully paid, escept that thc final paym~nt of principal and interest, if not xwner paid. shall be Jue anJ pay~ble un the first
day or Maa~, 2003 ' .
And sha duly, promptly, and fully perform, discharge, execute, eficct, complete, and comply with and abide by each and every
the stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, lhen this mortgage arxf the estate
hereby created shall cease and bt null and void.
And the mortgagor further co~•enant+ ac follow~~:
1. "Thet he will pay the indebtnlnec~, as hereinbefore proviJal. Privilege is reservecl to pay the debi ~n whule, ur in an amount a;ual
' to une or more moMhly paymenh on the principal that are next due on the note. on the fint day of any month prior to mawrity: !'r.n~iJrJ,
however, that written notice af an intention to exercise such privilege ic given at least Ihirty 1301 dayti prior to prepayment; anJ. provideJ
further, that in the event Ihe deM i~ paid in full prior to matu~ity anJ at that time it is irtsured under tht provisions of the Itiational
Housing 4ct, he wil) pay ~o the m+~rtgagee an aJju+teJ premium charge uf one per centum 11': 1 of the original principal amiwnt thereof.
except that in no event shall the adju,trd prrmium excecYi the aggregate amaunt of premium charges Nhich wuuW hav~ been payable if the
mortgage had cun~inued to be insured until mawrity: such payment to be applicd by the mortgagee up~m its obligalion to the Secretary ot
Housing arKl Urban Devebpment on account of mcxtgage insurance.
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