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~ Ft1A# 093-129821
STATE OP F~ORIDA This form is used in connection
FHA FORM NO Z110 M with mortgagea insured under ihe
R~•is~d Octo?~. 1972 one- to four-lamiy provisions ot `
i
, the National Housing Act. ~
30.75 Note
4~.00 Intg. MORTGAGE
8.00 Rec.
79.75 ~
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;
THIS MORTGAGE. a~~~ ~n~ 27th day of September . iy 74 . ~,r ~~a. ~
t~e~ween ,JAMES C• HEADSPETI~ AND PEGGY J. HEADSPETH ~ hi s wi f e ;
~
hereinatter calkd the mo~tgagor. and 1
PERCY WIISON MiORTGAGE AND FINANCE CORPORATION 4
, a corporation o~nizcri and existing under the laws ot Delaware ~
. hereinatter calkd tlx mongagee. ~
WITNESSETH. that tor divers good and valuabk consiJerations, anJ alsa in considention of the aggregate xum named in the promisso• ~
ry note hereinatter deu~bed. the said mongag~ dces hereby grant, bargain, sell, alien. rcmise, release. coovey. and confirm unto the said ~
mortgagee all that certain piece. parcel, or tract ot land of which the said mongagor is now seized a~x1 possessed arxl in actual posstssion, situ-
ate in ~he county ot $t . I.ucie
and State of Florida, deuribed as tolbws:
Lot 116, REPIAT OF SHERATON PLAZA, UNIT 1W0, according to the plat
thereof reco.rded in Plat Book 16, Page 2, Public Records of St. Iucie
County, Florida. m
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~ ~ Together with all s~ructures and improvements now~ and hereafter on said land. and fixtures attached thereto, and all rents, issues, pro-
~ ceeds. and profits accn:ing and to accrue from said premixs. all of vrhich are includcd within the foregoing description and the habendum there-
of: also all gas. steam. elcctric. water. and other heating, cooking, refrigerating. lighting. plumbing. ventilating, irrigating. and power systems.
machines, appliances, fixtures. and appurtenance~. which now are or may lxreafter p~rtain to. or be used with. in. or on said premixs, even
though they bc detached or detachable.
TO HAVE ANDTO HO(_D the same.'together with al! and singular ~he tenements, hereditaments and appurtenances Ihcreumo belonging
or in anywice appertaining. and the revercion anJ reversionz. remainder or remainders. rents. iswe~. and profitc ehereof. anJ also all the etitate.
right. titk. interest. homestead. dower and ripJd of dower. xparate e~tate. po~session, claim and demand whatsi~ever. as well in law as in equi- ~
t}~. of the ~aid mortp,agor in and to the came. anJ every part ~hrreut. with the appurtenances of Ihe said mongagor in anJ to the same. anJ every
part anJ parcel thereof unto the ,aid mong:~gee io tee simplc.
And the mortgagor h~reby cove~ant~ with the mortp.agce that he ic indefe:+tiibly .eized of tiaid land in (ce .imple: ~hat he hati full po~er
and lawful ~igh~ to convey the camt in fee simple as atoresaid: that it shall be lawful tor the murtp„agee. at all limes peaceably and quie0y to en-
~ ter upon, hold. occupy, anJ enjuy said land. and every part thereof: that the land is and will remain tree irom all encumbrances; that said mort-
~ gagor wiil make wch further assurances to prove ~he tee cimple titk to said land in caiJ mongagee as may be reasonably reyuired. and that said
mongagor does hereby fully warrant the titk to said land. and every part Ihereof. and wil) dcfend the samc against the law•ful ciaims of all per-
wns whumsoever.
PROV IDED A[.WAYS. and Ihese preseotc are executed and delivered upon the following conditiun~. to wit:
~ The monRagor agrces to pay the mongagee. or order. the principal sum ot ~E1~1~ '1'H~II$AND FIVE HUNDR~D 8c rl~~ 1~~
~ Dollar~ ~S ZO ~ SOO • ~0 1. a~ evidenced by a note of eveo date herewilh. with interest from date at the
~ rate ot N ine and One Ha 1 f per centum ( 9~ per annum on t1x unpaid balance
~
until paid. Tht caid principal and interest shall be payabk al the olfice of Perey Wi lson Mortgage an Finance
~ Corporation, 221 N. La Salle, Chicago, Illinois 60601 ~
or at such other place ac the holder of the nMe may dtsignate in writing. in munthly installments of QNE ~ND~D SEV~~
~ 'jw~ Aj1D ~}],~10Q * * * * * * * * DollarslS172~41 1.commencingon
~ ~Ix first Jay of November .1974 • and oo the firct Jay of tach moMh tlxrtafter until ttx priocipal and ~
~ interest are fully paid, except that the final payment of principal and interest. if not scroner paid. shall he due and payabk on the first day of ~ ~
~ October : 2004. ' :
. And shall duly. promptly. and fully pertorm, discharge. execute. efTect. complete. and comply with anJ abide by earh and every the stipu- ~
la~ion~c ~reements. conditions, anJ covenants of said promissory nwe and of this mortg:+ge. then this mortpage and 1he estate hereby created 3
~hal1 ccase and Me null and void.
- And the mongagor turlher covenant~ ac follow~: s
_ L That he will pay the indeMeJne~s. a~ hereintxtore provided. Privilege ic reserved to pa~~ the deM in w~holc. or in rn amount cqual ro one ;
- or more monthly payments on the principal that are next due on iht note. on the first day o( any month prior to maturity. ProviJeJ. Iwwever. ~
that w ritten nutice of .m imentiun to ererci.e wch privilege i. given at ka~~ thiny lz(p Jay. priix to prepaymrnt. ~
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