Loading...
HomeMy WebLinkAbout2474 . „ ' . r ST-28, 868 t • . ' SWD 1170977 ~954 STATE OF FLORIOA This form is used in connection FHA FORM NO 2110 m with mortgages insured under the FHA Loan No. 094-079509-221 o~e- to iour-family p~ovisions of , R~vis~d Morch 1974 the NatiOnal HOUSing ACt. MORTGAGE . : ; THIS MORTGAGE, dated the First day of Juae . A. D. 197l~ , by and , ~~W~~ JOHIdNY N. G~LE and LILLIE M. GAt~LE, his wife _ • hereinatter called the mortgagor, and STOCKTON, Ht~ATLEY, DAVIN ~ COI~ANY f , a corporation organizod and existing u~de~ the laws of th@ St8te of Florida ~ hereinafter called the martgag~e. WITNESSETH, that for divers good and valuable considerations, and also in considaation of the aggregate sum named in the promissory aote hereiaafter dacribed. the said mort6agor does hereby ~ant, bugain. sell. alien, remix. relase. convey. and confirm unto the said mortgagee sU that certain piece. parcel, or tract of land of which the said mortgaSor is now seized and pussased and ~n acwal posxssion, situste in the county of St. Lueie and State of Florida. described u follows' ~ ~ Lot 34 SHERATON PLAZA UNIT TWO, REPLAT, ~ ON - 1N p~ according to the Plat thereof, as recorded ~~~E~~~ ~~,Y,~ ~~~xes P~~r~ in Plat Book 16, at page 2 of the Public ~ ~~~ROCEp s a~' 1w1. Recorde of St. Lucie County, Florida. ~?~?t, n~~/~~ Together with the fallawing items of property which are located in and permanently installed as a part of the improvements thereon on said land: RANGE: ORBON, MODEL G-30, SERIAL NU1'~ER 3865 ~ RANGE HOOD: MIAMI CAREY, I~ODEL 3730 SPACE HEATER: DEARBORN, MODEL DVF-65 The express euumberation of the foregoing items ehall not be deemed to limit or restrict the applicability of any other language deacribing in general terms other property intended to be covered hereby. ~ ~~E; STATE DOC[JMENTABY STAt~S AFFIXED TU THE ORIGINAL NOTE AND CANCELLED. ' Y Together with alt stroctures and imptovements now and hereafter on said land. and fixwres attached thereto. and aU rents. issues. E ' proceeds. artd 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, electric, water, and other heating, cooking. refrigerating, lighting, plumbing, ventilating, irrigating. and power systems, machines. appliances. fixtures. and appurtenances. which now are or may hereafter pertain to, or be used with, in, or ~ y.;; on said premixs, evrn though they be detached or detachable. ~ ~ y TO HAVE AI~D TO HOLD the same. together with all and singular the tenements, hereditaments and appurtenances thereunto ~ ~ txlonging or in anywise appertaining, and the reversion and reversions, remainder or remainders, rents. issues. and profits thereof, and also all the estate, right, title, interest, homesteaJ, dower and right of dower, separate estate, possession, claim and demand Mhatsoever, as - wefl 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 thereof unto the said mortgagee in fee simple. - And the mortgagor hereby convenants with the mortgagee that he is indefeasibly seizrd of said land in fee simple: that he has full u'" power and lawful right to convey the same in fee simple as afor~said: that it shall be lawful for the mortgagee, at all times pcaceably and ~ quietly to enter upon, hold, occupy, and enjoy said land, and every part thereof; that the land is and wiU remain free from all ; encumbrances: that said mortgagor will make such further assurances io prove the fee simple tiUe to said tanJ in said mortgagee as may t~e - reasonably required, and that said mortgagor does hereby fully warrant the title to said 1and, and every part thereof, anJ w•ill defend the ,i n same against the lawful claims of all persons whomsoever. ` y PROV IDED ALWAYS, and these presents are eaecuted and delivered upon the following conditiuns, to wit: _ The mortgagor agees to pay the mortgagee, or order, the principal sum ofTWENTY-0NE THOIISAND AND NO/ 100- ~ Dollars IS Z1~~O.d~- ~ evidenced by a nott of even date herewith, with interest from date at the per centum ( 7 3/4 ) P~* annum on the unpaid balance ~ rate of Seven b Three-Quarters until paid. The said principal and interest shall be payab)e at the offict of Stoekton, Whatley, Davin 3Ad COmQ8Ily? ~ 100 West Bay Street, Jacksonville, Florida or at soch other place as the holder of the note may designate in writing, in monthly installments of Oj~j$ gjJrjDRED ~ FIF'i'Y, ~ _ Dollars ( S ~ - - - - - - - commencing on ~ 57 / 100- - - - - - - - - - - - - - - - 150 57- - ~ AU St . 197~+ . and on the first day of each month thereafter until the principal thc hrst day of ~ and interest are fully paid, except that the final payment of principal and interest, if noi sooner paid, shall be due and payable on the first " Jul :2004 ~ dap of y And shall duly, promptly, and fulty~ perform, discharge, execute, effect. completq and comply with and abide by each and every the stipulations, ageements, conditions. and cavenants of said promissory note and d ihis mortgage, then this mortgage and the estate hereby created shall cease and be null and void. AnJ the mortgagor further covenants as follows - 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 ur more monthly payments on the principal that are neat due on the note, on the first day of any month prior to maturity: /'rm'ided, ~ huwever. that written notice of an intention to exercix such privilege is given at least thirty 1301 days pri~x to prepayment: and, proviJed further, that in the event the debt is paid in full prior to maturity and at that lime it is insured under the provisions of the Natio~al Housing Act, he µ~ill pay to the mortgagee an adjus~ed premium charge of one per centum 11 ~'r ? of 1he original principal amcwnt thereof. eccept that no adjusted premium charge shall be due or pay~able where paymeat in tutl is made after the due date ot the 120th s~•heduledpa yment and in no event shall the adjusted premium exceed the aggregate amount of premiutrt charges Nhich would have ~ been pa~•able ii this ~lortgaqe had continued to be insured uatil maturity, such pa}ment to be applied by the mortga~ee upon itc obliRation to the Sectetan of HoutiinR and l~rban De~~elopment on account o( mort~age insarance- O R - eO~K 2~$ PAC~ 2469 . ~~,~,~-Z ~ i..:_~ ,:1 ~ ~ ; _ . - , ~ ~ ~ ~ ~ ~-sM1r s x_y~~~.,,,~' . , , ~a`-r . ' _ ~