HomeMy WebLinkAbout0883 . + ~ .
TC-T~ ~ ~Y _ ~
F4iA 09~+-082885 `7~ ~
STATE Of FLORIDA ` ~p This form is used in connection
2~38 ~ with mortga~es i~sured under the
FHA FORM NO 2110 m one- to four-fa~nily provisions of
R•vls.d ~Ao.ch 1972 the National Housing Att.
MORTGAGE
TliiS MORTGAGE. datad tho day of M~y . A. D. 19 7~ . by a~d
between MII.SB J. A~C[~IDORl~ III 8rid ISPDA GAI~L ARQ~ORN~ h3s W'l.fe •
hereinaRer calied the mort~a~or. and
J. T. BTi~i~1ART M~Ii'1~A(~ (~Ot+iPAPY~ II~C.
. ~ a corporation organized and exiuing under the laws of ~E $tBtC O~ ~OI'~t~8
, hereinafter cal{ed the mortga~ee.
WffNESSETH. that for divers ~ood and valuable consiJerations. aad also in consideration of the aggregate sum named in the
promissory notc hercinafter dacribed. the said mortSa~o~ daes herebY ~a°~ b~r~a'n, sell, alien, remise. relase. convey, and confirm unto
the said mottgagee all that certain piece. parcel. or tract of Iand of which the said mortgagor is now seiud and possessed and in acWal
possession, sitwte in the county of
$t. I,ucie aixi State of Ftorida. dacribed as follows:
Lot 15, B1xk 43, ATVER PAffiC UAIT 5, according to the Plat thereof
as recorded in P'l.at ~ook 11, page 31, of the Public Records of St.
Lucie County, Florida. .
~ G. ~J~' Nf PA1fMENT OF T1UfFS
- 01~ ON C1ASS ~C' 11(TAN61@I.E PER3QtL4l PRO?ERIr,
. PlIRSIMMi TO CIIAP1Eit 71•134. 11CTS Of lw~. ~ •
~OCER i01TRAC ~
CLEtO~ ClflqlR OOUAT~ Si. WCE Cp~ FtA
f
~ Necessary Doc~entary Stamps attached to original note aad cancelled.
~k
! Together ~~ith all siructures and improvements now and hereafter on said land, and fixwres attached thereto, and all rcnts, issues.
procceds. and prufits accruing and to accrue from said premises. all of vuhich are included within the foregoing descriptan and the
habendum thereof: also all gas. steam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing. ventilating, irrigating,
arxl power systems, machines, appliances. fixtures. and appurtenanc;s. which now are or may hereafter pereain to, or be used with, in, or
on said premises, evcn though they be detached or detachable.
TO HAVE AND TO HOI_D the same. together w~ith all and singular the tenements, hereditaments and appurtenancts thereunto
t+elonging or in anywise appertaining. and the reversion and reversions. remainder or remainders. renis. issues, and profits thereof, and
also all the estate. right, title, interest, homestcad. dower and right of dower, separate estate, pos.xss'an, claim and demand whatscever, as
well in law~ as in equity, of the said mortgagor in and to the same, and every part thereof, with the appurtenances of the said mortgagor in
and to the same. and every part and parcel ihereof unto the said mortgagee in fee simple.
And the mortgagor hereby convenants with the mortgagce that he is indefeasibly seized of said land in fce simple; that he has full
power and Iawful right w convey the same in fee simple as aforesaid; that it shall be lawful for the mortgagee, at all times peaceab~Y and
quietly to enter upon, hold, occupy. and en}oy said land, and every part thereof; that the land is and vvill remain free from a11
encumbrances: that said mortgagor will make such further aswrances to prove the fee simple title to said land in said mortgagce as may be
reasonably required, and that said mortgagor does hereby fully Marrant the title to said land. and every part thereof, and will defend the
same against the lawful claims of alt persons whomsoever.
PROV IDED ALWAYS, and these presents are executod and delivered upon the folbwing conditions, to wit:
The mortgagor a~ees to pay the mortgagce. or order. the princiQal sum of ~iEi~iR'Y FIVE THOU3AI~ -~e~rid AO~1C0----
Dollars ~S 2~j~000•~ as evidenced by a rate of even date herewith, with interest from date at the
rate of Ej~ /~j~ ~ QtJ/~A'1'~$ per centum 3~L~ `Xc 1 pa annum on the unpaid balance
~ until paid. The said principal and interat shall be payable at the office of ~j~ ~j'~jA~' ~j~$ ~A1QY~ I~C •
100 Miracle Mile - Coral Gables, F9.oric]a =
~ or at such other place as the holder of the note may designate in writing, in monthly installmenu of j,]'j~~~R
~ AND •t5~1~- Dollars (S commencing on
196•75
~ 1 , and on the first day of tach month thereafter until the principal
the first day of ~j~3/ • ~4
and interest arc fully paid. excepi that the Snal payment of principal and interest, if not sooner paid, shall be due and payable on the first
day of ~jng QQQ1E. ~
And shall duly, promptly, and fully perform, discharge. acecute, efTec~ complete. and comply with and abide by each and every
the stipulations, a~reements. co~d~~~ons• an~ covenants d said promissory nae and d this mortgage. then this mortgage and the estate
~ hereby created shall cease and be null aad void.
~ And the mortgagor further covenants as fol{ows:
~ 1. That he will pay thc indebtodncss, as hercinbefore providod. Privilege is reserved to pay the debt in whole, or in an amount equal
to one or more munthly payments on the principal that are neat due on the note, on Ihe first day of any month prior to maturity: I'rovided,
however, that written notice of an intention to exercise such privilcge is given at least thirty 130) days prior to prepayment; and, provided
further, that in the event the debt is paid in full prior to maturity and at that time it is imurod under the provisions of the National
Housing Act, he will pay to the mortgagee an adjusted premium charge d one per cenlum ( I c) of the original principal amount thereof.
except that no adjusted premium charge shall be due or payable a6ere payment in tull is made after the due Aate oi tne 1201h
~ scheduledpa yment aad in no event s6a11 the adjusted premium exceed the aggrepate amount of premium c6arges which woold have
bcen payable it this ~tortgage had cootinued to be insured uati) mawrity. such paymeat to be applied by the mongagee upon its
obliRation to the Secretary o( HousinR and l`rban De~•elopment un accouot of mort~age insnrance.
F ~8 ~ 8~i
~
~ : t _ - _ _ -
~._.7v._.._ .~.rs_,.~ ~