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HomeMy WebLinkAbout0986 ~ ~ . ~s`~'30~ sT-26, ioi Si+~D 0967606 STATE Of FLORIOA This form is used in connection FNA FORM NO 2110 m with mortgages insured under Ihe R~vls~d Mo~cl~ 1972 one- to four-tamily provisions of the Natio~al Housi~g Act. MORTGAGE TNIS MORTGAGE, datc~i the First ~aY ~ OCtO$BZ 19 ~3 , by and between MARY ETTA NEDD~ 8 83i~gle adult . hereinafler called the mortgagor, and STOCRTON, WHATLEY, DAVIN ~ COMPANY ' , a corporation organi2ed and existing under the laws of St8t@ of Florida , hereinafter called the mortgagee, WITNESSETH, that for divers good and valuable considerations, and atso in considcration of the aggrcgatt sum namod in the promissory note hercinafter described, the said mortgagor does hereby grant, bargain, sell, alien, remise, relace, co~vey, and cunfi~m unto the said mortgagee all that certain ~iece, parcel, or tract of land of which the said mortgagor is now xized a~d posscssed and in actual possession, situate in the county of $t. Lueie and State of Florida, described aa foUows: Lot 252, SAERATON PLAZA, DNIT FOUR, REPLAT according to the Plat thereof, as recorded in Plat Book 16, at page 18 of the Public Records of St. Lucie County, Florida. Together With the folla+ing items of property which are located in and permanently iustalled as a part of the impravements thereon oa said laad: RANGE : ORBON, MODEL G-30, SERIAL NUI~BER 45209 RANGE HOOD: I~IIA1~II CAREY, MDDEL 3730 SPACE AEATER: DEARBORN, MODEL DVF-65 . The express enwnberation of the foregoing items shall not be deemed to 13ait or reatrict the applicability of any other laaguage deacrfbiug in general ter~s other property intended to be cavered herebq. 3 IN PAIf~~-?n OF IAXES RECEIVED 5----- - _ _ ~~l PRA~'ER1~f ~ ~ p~ ~/1SS ~C' INIAt1G181E lyll. p~R,~y~W? 70 CHAP~ER 71-13t. A~is l, it06ER POI~iN~S o,~( CIRG11t G~T• ST. WC~E 00~ FI~? STATE DOCUI~NTARY STAi~S AFFI%ED TO TgE ORIGINAL NOTE AND CANCELLED. Together w ith all svuctures and improvements now and hereafter on said land, and fixtures attached thereto, and all rents. issues. pruceeds. and profits accruing and to accrue from said premises, all of which are included within the foregoing description and the habendum thereof: also all gas. steam. eltctric, water. and other heating.:ouking. refrigerating, lighting, plumbing. ventilating, irrigating, and power systems. machines, appliances, fixtures, and appurtenances. which no~~ are or may hereafter pertain to. or be used w~iih. in, or vn said premises. even though they t+e detached or detachable. TO HAVE AND TO HOLD the same. together with all and singular the tenemeots, hereditaments and appurtenances thereunto belonging or in anywise appertaining. and the re~ersion and reversions. remainder or remainden, rents, issues, and profits thereof, and atso atl the estate, right. titte, interest, homestead, dow•er anci right ot dower. separate estate. ~wssession, ctaim and demanJ whatsoever, as ~•ell in law as in equiry, of the s:iid murigagor in arxl to the same. and e~ery part thereof, with the appurtenanceti of the said mortgagor in anJ to the same, anct every pan and parcel thereof unto the said mortgagee in fee simpte. And the mortgagor hereb~• conveoants with the mortsagee that he is enJefeasibly seized of said land in fee simple; that he has full power and lawful right to convey the sart?o in fee simple as aforesaid: that it shall be {avri'ul for the mortgagee, at all times peaceably and quietly to enter upon. hold, occupy. antl enjoy said IanJ, an~i every part thereof; that the la~xf is and u~ill remain free from all rncumbrances: that ~aid mottgagor will make such further assararnes to prove the fee simple title to said land in said mortgagee as may be reaconably requireJ. and that said rtwrtgagor does hereby fully warrant 1he title tu said land. and everp part thrreof, and witl defend the ~sme against ihe law•ful claims of all prrwns whomwever. ~ PROV(DED ALWAI'S. and these presents are executed and delivered upon the following conditions. to wit: The mongagor agrees to pay ihe mortgagce, or order. the principal sum of pjr]g'rEEN THOUSAND AND N0~ lOO- J' Dollars ~$9 ~QQQ ~QQ_ as evidenced by a note of even date herewith. with interest from date at the ~ - rate of Eight b OII@-~181f per cenwm ( $ j~2 ) per annom on the unpaid balance j _ ~ until paid. The said principat and interest shall be payable at the office of StOC1CtOII ~ Whatley, D8V~A Se CCtR~18A~1 - ~ 100 West Bay Street, in Jacksonville, Flo~rida ~ or at such other place as t}~e holder of the note may designate in writing, in monthly instatiments of Qj~j$ ~j~D ~D F~RT~-SIR _ AND 11 /100- - - - - - - - - - - - - - - Doltarx IS 24G .11- - - - - - - - commencing on - thr first day of ~C~gr 973 . and on the 6rst day of each munth thereafter unti) ihe principal • ar?d interest are full y paid. except that the final payment of principal and i~terest, if not sooner paid, shall be due and payable oa the first _ day ~~T Navetiaber; ~003 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 of this mortgage, then thes mortgage and the estate - ~ hereby created shall cease and be null and void. i AnJ the rtwrtgagur further covenantt as followc: 1. 1 hat he will pay the indebtedness. as hereint+efore provided. Privilege ic reser~ed to pay the deht in whule. or en an amount equal r w une or more rtx~nthly payments on the prirkipal lhai are net~ due on thc note. un the first day of any month prior to maturity: /Yrn•ided. N however, that wrilten nutice of an inteNion ro exercise such privilege is given at least thirty 1301 days pri~x to prepayme~t: anJ. provided further, that in the even! the debt is paid in full prior to maturity and at Ihat time it is insured under the provicions of the National Z Housing Act, he will pay to the mortgagee an adju~ted premium charge of one per cenwm 11'`~ 1 of Ihe cxigina) principal amount thereof. ~ c~xcept that no adjust~d premium charRc shall be due or pa~able ~.herP paymeot ~n lu:l ~s mad~ after the nue eat~ ~,i tne IZOth heduledpa vment and in no ~~•Fnt shall thF adjustcd premium exceed thc aRRreRate amount of premium charRrc which would have ' txcn payablP i( thic )tortRa~~ had continu~d to b~ in~ured until maturitv, such payment to be applied hr the mortga€ee upon it~ obliRatiyn to thP ~ec•retarv o( HousinR and l rb~n I)e~f•lopment on account of mort~eaRe insurance.