HomeMy WebLinkAbout2152 l~ra~a~~~i~r
~ ' sT-23,947
~ ~ ~ , , _ , ) SHD f 962877
STATE OF FLORIOA ~ u ~~l?Q~~ 19~~'
~S This iorm is used in connection
F N A F O R M N O 2 1 1 0 n ~ w
i t f ~ m o r t~
s~ e
s i n s u r e d u n d a r t h e
R~~1s~d Msrcl. 197~ ~ 1~~R1~~~E one- to faur-tamily provisio~s oi
the Nstionai Housir?a Act.
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~ MORTGAGE
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THIS MORTGAGE. dated We ~it dsY ~ April . A. D. 1973 . by and
becween ca~eIt ?t. BAII~Y s~d MAS ELIZABZ?H BAILEY, his vife ,
hereinafter mort~ssar.
STOC~1'0~1, I~iBATWiY, D~(?VIH 6~ CO!lPANY
. a corporatioa orqnizod aad existin~ undu the laws of
Stats of Florida • ~1Oifta w~°d ~ ~
WiINESSETH, that for divers `ood and valuable considerstioos. and also in coasidaation of the a~ggcqte sum named ia the '
promissory note haeiaatta dc.scribed. the said mortaa~or does herebY trant, bargain, aell, die0. remise. relase, convey, and coafirm unto
the said mort~sset aU that ccrtain piece. psccel. or tract of land of which the said awrtpgor is aow seiud aad p~ed and in actual
possessioa, situate ia the couaty of '
i
St. Lucia and Stace of Florida, describod as fotlows: . ;
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Lot 324, Sheraton Plaza, Uait Four, Replat, accordiag S
to tha Plat tbereof as recorded in Plat Book 16, page ~
18 of the Public Qecords of St. Lucie Couaty,Florida. ;
Together vith the follawing items of property vhich
ara located in and persaaently inatalled as a put of ~
the isprovssat• on aaid Iaad: ;
. ~
BANGt: O~tBUN, M~D~ G-30, SEBIAL NI~EA 43862 '
~ANGE H000: 1~L1~lI CAQBY, ZliO~. 3730 ~
SPAGB HEATBRs D~6ABB0&i, I~JDHL ni1F-65 .
T6e express enumberation of the foragoing itens t~all ~
t
not ba deese~d to limit or rastrict t6e applicability =
. of aay other language deacribing in general ter~+~s other ~
property inteaded to be covered hereby. ~
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State Doc~entary Stmps af#ixe~ to the original note and cancelled. ~
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Toatther with aU structures and im~ovoments oow and hereaRer on said land, and fixtures attached thereW, and all rents. issues,
proceeds, and profiu accruing and to accrueYrom said premises, all of which are included within the Coregoing description and the `
habendum therrnf: also all gas, s[eam, electric, water, and othcr heating. cooking, refrigerating, lighting, plumbing, ventilating, irrigating. ~
and porver systems, machines, appliances. fixtures, and appurtenances, which now are or may hereafter pertain to, or be used with, in, or (
on said premises, even though they be detachod or detachablo.
TO HAVE "AND TO HOLD the same, togother with all and singulu the tenements, haeditamenu and appurtenances thereunto
belonging or in anywix appMaining, and the reveraion and revcrsions, remainder or remainders, rents~ issues, and profits thereof, and
also all the estate, right, title, interest, homestead, dower and right of dower, separate estate. possessioo, claim and demand whatsotver, as
wefl in faw as in equity, of the said mortgagor in and to the same, and every pari thereof, with the appurtenances of the said mortgagor in 4
and to the same, and every part and parcel thereof unto the said mortgagee in f~e simpla
And the moirtgagor hereby convenants with the morigaget that he is indefeasibiy seiud of said land in fc~e simple; that he has ful) .
powa and Iswful right to convey the sacne in fee simple as aforaaid; tt~at it shall be lawful for the mortgagee, at all times peaceably and
r quietly to enter upon, hold, occupy, and enjoy said land, and every part thereof: that the land is and will remain free from all ~
• encumbra~ces; that said mortgagor will make such further as.wranca to pruve the fee simple title to said land in said mortgagee as may be
> rcasonably requi~ed, and that said mongagor does bereby fully w~arrant the title to said land, and every part thereof, and will defend the
I same against the lawful claims of all persons whomsoever_
f PROVIDED ALWAYS, and these aents ue exauted and delivered u
pr pon the folbwing conditions, to wit:
1 t a The mortgagor agrees w pay the mort~ee, or order. the principal sum d NIIQ$TSBN 1'HOUSAND 3~0 HU1D RBD 6c N0~ 100
g Dollars IS 19 2~ ~ as evidenced by a cate of even date herewith, with interest from date at the
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~ rate of s~~ per centum ( ~ 9b) per annum on the unpaid balance
~ 4~ ~ until paid. The said principal and intaest sha!! be payable at the offist of gtoekton, ~1Atle3?, Davin b Company ~
~ W 100 ileet Baq Street, Jacksoaville, Florida
~ v~ or at wch other place as tht holder of the note may designate in writing, in monthly installments of pj]g g[j~ ~Y~S~
fl. a`"c 8~
d 8 7/ 100 Dollars (S 127.87 commencing on
~~o .
the first day of Jtlile . 19 73, and on the first day of each monih thereafter untit the principal
anJ interest are fully paid. except that the final payment of principal and interest, if nol sooner paid, shall be due a~ payable on the first
~ ~s ~ a~y ot Z~tay, 2003 .
~ U o And shall duly, promptly. and fulty perform, discharge, exxute. eficet. complete, and comply with and abide by each and every ,
~ Q a the stipulations„ agreemeatt, conditia~s. and cavenanu d said promissory note and d this mortgage. then this mortgage and the estate
haeby created shall cease and be auU and vad.
r N ~ And the mor[gagor further wvenants ss follows: '
Z m p 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal ~
to one or more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity_ /'rorided,
a however, that written notict of an intention to exercise such privilege is given at leau thirty 130) days prior to prepayment; and. provided
~ funher, that in the event the debt is paid in full prior to maturity and at that time it is insurtd under the provisions of the National
Housing Act. he will pay to ihe mortgagee an adjusted premium charge of one per centum ( i~fr i af the original principal amount thtreof.
e:ccpt that no adjusted preminm charge sha!! be due or pa}able where payment in tull is made after the due daie oi ti~e 120tk
sc6eduled payment and in oo event shall the adjosted premium e:ceed t6e aggregate amount o( ptemium c6arges Nhich would have
been payabl~ it t6is llort6age had eoatiooed to be insured uotil matarity, such paymeat to be apQlied by t6e mortgagee upoa its
obli~tation to the Secre~ary o! HousinR and Crban Developmeo~ on account ot mortgage iasuraoce.
6UClt 2I4 Pac~2~.51
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