HomeMy WebLinkAbout2272 . ~ . . _ g ,
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STATE OF FLORIDA
This form is used in connection ~
FHA FORM NO Z110 a~ with mort~aQes inwred ur~de~ the
R•vls.1 Mlorch 1972 one- to f0ur-tamily prOVisiOns of
the Natioosl Nousina Act. '
MORTGAGE
THIS MORTGAGE. dsted the 26tZ'1 daY of ~Y . A. D. 19 'T3 , by and
~cw«a CHRISTOPHER ANDERSON and MAaQIS AND~RSON, his wife .
neie~naftet ca~~oa ctK m«tpsor• ~ pHlpp3-HARRIN(~TON CORPORATION-FLORIDA, d/b /a
FIRST ORLANDO MORTGAGE COMPANY, Post Office Box 6067C, Orlando,
F10I`1de 32803 . a caporstioa orpaiud and eacistin` under the lawa of tihe St8 te Of
Delawarc , n~~~tta~~~ea ~ ~eas«.
WITNESSETH. that for divers good and valuable coasiderations. aad also in considetatioa of the aggre~ate sum named in the
promisaory note hereiaafter described. the said mortga~or does hereby Ban~ bargaia, sell. aliea. rcmise. relase. convey. and con6rm unto
ehe said morcga~ee aU ihat cenaia pioce, parccl, or tract of Iand of which the said mongagor is now seized and possessed and in acwal
possession, situate in the cou~cy of ST. LUCIE ~ ~
and State of Florida, described as foUows:
Lot 90, SHERATON PLAZA, Unit 2, Replat,
~ according to the P18t 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 strucwres and improvements ~sow and hereafter on said land, and fiztura attached thereto, and all rents, issues, ~
~ proceeds, and profits xcruing and to accrue from 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.
f and power systems. machincs, appliances. fixtura, and appurtenances. which now are or may haeafter pertain to. or be used with, in. or
R on said premises, even though they be detached or detachabla
~ TO HAVE AND TO HOLD the. same, together with all and singular the tenements, hercditaments and appurtenances thereunto
belonging or in anywise appertaining, and ihe reversiort and reversions, remainder or remainders, rents, issues, and profits therrnf, 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 pari thereof, with the appurtenanca of the said mortgagor ie
~ and to the same, and every part and parcel thereof unto the said mortgagce in fee simple.
~ ' And the mortgagor hereby convenants with the mortgagee that he is indefeasibly seized of said land in fee simple; that he has full
power and Iawful right to convey the same in fee simple as aforesaid; that it shall be lawful for the mortgagee, at atl times pesceably and
quieUy to enter upon, hold, cecupy, and enjoy said land, and every part thereof: that the land is and will remain free from all
~ encumbrances: that said mortgagor will make such further assurances to prove the fee simple title to said land in said morigagee as may be
reasonably required. and that said mortgagor doa hereby fully warrant the title to said land, and every part thereof, and will defend the
~ same against the lawful claims of all persons whomsoever_
~ PROV IDED ALWAYS, and thae presenu are executod and delivered upon the folbwing conditions, to wit:
" 71~e mortgasor agoa co pay the mortgagee, or order, ehe principal sum of SEVENT:r.EN THOUSAND THR~i~ HUND~i:D AND
`.i0 po~~~ (S 17 ~ 30~. as evide~ced by a note of even date herewith, with iaterest from date at the
~ rate of $GvEN per ceetum ( 7%) per annum on the unpaid balance
~ until paid. The said principal and interest shall be payable at the office of PHIPPS -HARRINGTON CORPORATION-FLORIDA ~ ±
- d/b/a FIRST ORLANDO NORTGAG:: COMPANY, Post Office Box 6067C, Orlando, Florida,`
~ or at wch other place as the holder of the note may designate in writing, in monthly installments of 32~ 03
~ ON,:: HUNDR~D FIFTEi:N AND 22 /100 -oouars (S ll~j . 22 commencing on
~ the Srst day of Jjjr,}~~ A. D. . 19'73, and on the first day of each month thereafter until the principal
~ and inttrtst ast fu!!y Qaid. except that tht fiaa! payment of principal and interest, if not sooner paid, shall be due and payable on the first
~ day of ,jtjNG ~ A . D . ~ 2003 ~
~ Aad shall duly. prompdy. and fully paform, discharge, execute. etioct, complete, and comply with ud abide by each and every
~ the stipulations. a~oemeats. oonditioas, and cavenants d said promissory aote and of this matgage, thw Wis mortga~e and t6e atate
haeby aeated sha11 cease and be aull and void.
~ And the mortgagor further covenants u follows:
~ 1. That he will pay the indebtodness. as hereinbefore providod. Privilege is reservod to pay the debt in whole, or in an amount oqual
w one or more monthly paymrnts on the principal that are next due on the note. on the fint day of any month prior to maturity_ I'io.•idrd,
~ however, that written notice of an intention to exercise wch privilege is `iven at least thirty (30) days prior to prepayment; and, provided
further. that in the event the deM is paid in full prior to mawrity and at ihat time it is insured under the provisions of the National
~ Housins Act, he will pay to the mortgagee an adjusted premium charge done per centum (1%) of the original principal amount thereof.
e:cept t6at no adjusted preminm charge s6a11 be dne or payable where paymeat in lull is aoade e(ter the due date oi the 120th
~ scheduledp~ ymentaad in no event ahall the adjusted promium e:ceed the aB6regate amount oI premium cltarges w6ich woald have
been peya6le ii this Mortga~e had contiuued to be insured unti) maturity. snch payment to be applied by the mortgagee upon its
obligatioa to tbe Secretary oi Housing aod Crbao Developmeat on accouat o( mortgage inaurance.
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