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STATE OF fLOR10A
• 2a~45O This fam is used in connection
FHA FORM NO 2110 m with rtwrlQa~es i~swed under tM
R~vls~d Maeh 1972 011Q- LO ~OUf•family provisions of
the Nstio~al HousinQ Act.
MORTt~AGE
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THIS MORTGAGE, dated the 31'd daY ot ~Y . A. D. 19 73 . by and
~cW«~ WILLIE WORKS and ~DDIB aRACE WOAKS, his wiPe • ~
he~einaAer callod the mortgagor, and NATIONAL HOMES ACCEPTANCE CORPORATION
E~rl Avenue at Wallace, Lafayette, Indiana ~7902the State of ~
, a corporatioo organizod aad exiuing uoder the laws of
Ind iana , hereinaEter called the mortgagce. ' ~ '
WITNESSETH, that for divers good and valuable considerations, and also in consideration of the aggregate sum namod in the ~
p~omissory aote hereinafter des~cribed. the said mort8agor does Ixreby ~nnt. bugain, sell. alien. rcmise. relace. coavey. and confirm unto k
the said mort~agee all that certain piece, parcel, or tract of land of which the said mortgagor is now seiud and p~ed and i~ acwal ~
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posxssion, situate in the counry of S'1' . LUC IE . '
and State of Florida, describod as fdlows: ~
Lot 24, SHERATON PLAZA, UNIT TWO, ~
REPLAT eec~ording to the plat thereof ~
as recorded in Plat Book 16, at Page ~
2, of the Public Records of St. Lucie ~
County, Florida . * ~ * ~ * * ~ * * * (
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; Together with all structures and improvements now and hereafter on said land, and fixtures attached thereto, and all rents, iswes. ~
! proceeds, and profits accruing and to accrue trom said premises, all of which are included within the foregoing description and the
~ habendum thereoF, also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating,
j anci power systems, machines, appliances. fixtures, and appurteoances, which now are or may hereafter pMain to, or be used with, in, or
~ • on said premises, even though they be detached or detachable. .
TO HAVE 4ND TO HOI_D the same, together with all and singular ~he tenements, hereditaments and appurtenances thereunto
belonging ur in anywise appertaining, and the reversion and reversions, remainder or remaindcrs, renu, issues, and profits thereof, and
also all the estate, right, title, interest. homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, as
well in law as in equity, of the said mortgagor in and to the same, and every part thereot, with the appurtenances of the said morcgagor in
anei to the same, and evcry part and parcd thereof unto the said mortgagee in fee simple.
.And the mortgagor hereby convenants with the mortgagee that he is indefeasibly seized of said land in fte simple: that he has full
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 aud
quietly to enter upon, hold, occupy, and enjoy said land. and every part thereof: that the land is and will rcmain frte from all
encumbrances: that said mortgagor will make such further assurances to prove the fee simple title to said land in said mortgagce as may be ~
reasonably required. and that said mortgagor does hereby fully warrant the title to said land, and every part thereof, anJ will defend the ~
same against the lawful claims of all persons whomsoever. `
PROV IDED ALWAYS, and these presents are eaecuted and delivered upon the folbwing conditions, to wit:
The mort~
or agrees to pay the mortgagee, or order, the principal sum otSC.VENTEr:N THOUSAND FOUR HUNDRED AND
~ !1 po~~an ~s 17 s`~ 00 • 00 as evidenced by a note of even date herewith, with interest i'rom date at the
rate of S~VEN ~ per cenmm ( 7 pa annum on the unpaid balance .
until paid. The said principal and interest shall be payable at the office of NATIONAL HOMES ACCEPTANCE 3
CORPORATION, Barl Avenue at Wallace, Lafayette, India~a 47902 ;
~ or at such other place as the holder of the note may designate in writing, in rranthly installments of
ONG HUNDR~:D FIFTEGN AND 88 /100 ---~ouars tS l l~j . 88 commencin8 on
the first day of ~J(rnr; ~ A. D. . 19 'T~ and on ihe first day of each month thereafter until the principal _
and interest are fully paid, eacept that the final payment of principal and interest, if not soona paid shal) be due and payab{e on the first
dayof jypY~ A. D. ~ 2003 ~
And shall duly, promptly. and fully perform, discharge, execute, effect, complete, and comply with and abide by each and every
the stipulations, ageements, conditions, and covenants of said-promissory note and d this mortgage, then this mortgage and the estate
hereby created shall cease and be null and void. -
And the rrwrtgagor further covenants •rs follows:
I. That he will pay ~he indebteJnecs, as hereinbefore provide~i. Privilege is reserved to pay the debt in whole, or in an amount equal
to one ur more rrwnthly payments on the principal that are neat due on thc notc, on the first day of any month prior to maturity: I'ro?•ided.
however, that written notice of an intention to exercise tuch privilege is given at least thirty 1301 days prior w prepayment; and. provided
(unher, that in tht cvent the debl is paid in full prior to maturily and ai that Iime it is insured under the provisions of tbe Nationat
~ Housing Act, he will pay to the mortgagee an adjusted premium charge of one per centum 11 of the original prirxipal amount lhercof.
~ ~xcept that po adjusted premium charge shall Ge due or pa~able ~.here payment m lull ~s made after ti~e due date oi the 120th
scheduledpe ymeatand io no e~entshall the adjustedpremium ~:ceedthe aggreRate amount o( premium charRes Nhich would ha~e
fx•Fn payable i( this ~1ortRagp had continued to be insured until maturity, such payment to be applied by the mortRaRee upoa its
ubliRatioa to the Secretary o( Hou~inR and 1'rLao Developmen~ on accouot ot mort~taRe insuraoce.
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