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STATE OF FLOp10A
This lorm is useA in connection
FHA FORM NO 21/0 M with mortgages insured under the
R•v. Jonuoryr 1977
, one- to four-family provisions of
the National Houain9 Act.
~ ATE " " ~ MORTGAGE
JMf.t`'TI~R`' . a T:. N~ - r. ,
i ~fEYi`il~t
= ~~~,~~r:;:~'~::,~ 2 g. 2 5
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THIS MORTGAGE, datai ~I~e 14 th , day oi Apri 1 . A. D. IY 78 , by and.
between Oliver McPherson and Rosie Marie McPherson, his wife
hereinafter calkd the mort~r, an.1
The
LO~B ~ Nettleton COlupBTiy . acotporation organiud a~d existing under the laws o(
~ , hercinatter cdkd the mortgagee.
W17'NESSETH, that tor divers sood and valuabk considentions, and alw in rnnsideratiun ot the aggregate sum named in the promisso-
ry note heroinatte~ described, the said mortgsgor docs hereby grant, barrain, sell, alien, remise. rclease, convey. and confirm unto the said
mortgagee all thst certain piece, parcel, or tract ot land of which the said mortaagor is now seized and passessed and in actual possession, situ-
ate in the county ot S t. Lucie -
an~ Jtate ut Fbrida, ~scribed u tolbws:
/
. ~ `'7 .
Lot 96, SHERATON PLAZA UNIT ZWO REPLAT
•
'~`Y according to the Plat thereof as record-
ed in Plat Book 16, page 2, of the
Public Records of St. Lucie County,
Florida.
"The grantors covenants and agrees that so long as this Deed of Trust, Security =
Deed for Mortgage whichever is applicable, and the Note secured hereby are
guaranteed under the servicemen's Readjustment Act, or insured under the provisions
of the National Housing Act, whichever_is applicable, he_will not execute or
file for record any instrument which imposes a restriction upon the sale or
occupancy of the subject property on the basis of race; color of creed. Upon
violation of this covenant, the note holder may, at its option, declare the ~
unpaid balance o€ the debt secured hereby i~nediately due and payable."
- . Pat Neu Re~ceivsd s In PaYnwnt Of Ta~cs~
, in~-:-•:: r: _ Oue On Class "C" Intangible P~~pndppppe~l~~
S ` ~'si.• ; r ; i : . _ - - - _ : ~LA.
;cti• ..:.A ~T. F _ ~T .tR:.C t ?~A1D• °~*suant to Chepter 71, ~
t . ROGER POITR/1S ~ •
~ C1~+r1, C1rCU11 COUIt, St. LuCiA, Cp,, FI~.
E
Together with all structurcs and improvements now and hcreafter on said land. and fiitures attached thereto, and all rents. issues, pro-
ceeds. and profits accruing and to accrue from said premises, all ot which are included within the [oregang description and the habendum there-
of; also all gas, steam. electric, wate~, and other hqting,caoking, refrigerating, lighting. plumbing, ventilating, irrigating. and power systems.
machincs. appliances, fixtu~es, and appurtcnances, w~hich now are or may Frcreafter-pertain to, or be uxd with, in. or on said premises, cven
though they 1x detschod or deuchabk. ~
TO HAVE ANDTO HOLD the same, together with all and singular the tenements, hereditaments and appurtenances thereunto belon~ing
or in anywise appertaim~g, and the reversion and reversions, remainder or remainders. rcnts. issues, and profits thereof, aad also all the estate.
rigfit. ti1k. interest, homestead. dower and right ot dower. uparate estate. possession. claim and demand whatsoever, as well in la~v as in equi-
~y. o( the said mortgagor in and to the same, and every part thereof, with the appurtenances ot the said mortgagor in and to the same, and every
part and parcd thereof unto tht said mortgagee in fee simple.
And ~he mon~or hereby covenants with the mortgagee that he is indefeasibly seized of said land in fce simple: that he has tull power
and lawtul right to convcy the same in fee simpk as aforeswd: that it shall be Iawful (or the mortgagee. at all times peacwbly and quietly lo en- .
ter upon, hold, occupy_ and enjoy said land, and every part thereof; that the land is and will remain free trom all encumbrances: that said mon-
gagor will make such turther usurances to prove the fee simpk titk to said land in said mortgagee as may be reasonably rcquired. and that said
mortgagor does hereby fully warrant the titk to.said land, and every part thereot, and will detend the same against the lawful claims ot all per-
sons whomsoevet.
PROV(DED ALWAYS, and these preunts pre executed and delivered upon the tollowing conditions, to wit: ~
>w;
~ The mortgagor agrees to pay the mort~agee, or order, the principa~ sum o~. SEVENTEEN THOUSAND FIVE HUNDRED AND 00/ 100
~ Dollus (S 17, 500. 00------------~-°---~--1. as evidenced by a nwe ot even date herewith, with interest from date.at the
nte of EIGHT NND THREE QUARTERS per centum ~ 75 per annum on the unpaid balance
~ until paid. 71rc said principal and interost ~hatl be payabk at the oll'ice ot ~ LpMAS ~ NETTT,ETON COkIPANY,
~ 175 Orange Street, New Haven, Connecticut 06510 ~e
w at such aher place u the holder of tbe note may designue in writing. in monthly insullments of ONE HUNDRED THIRTY SEVEN ~
~ Dollars (S 137 .
AND 73 100---- commencing on
~ the first day of .TUNE . 1'l~$ and on the fvst day ot each month tlrcteatter unhl the pnncipal and
~ interost ue fully paid, exapt thst the 6na1 payment ot principa! rnd iMerest, doot sooner paid, shall be due aod payabk on tl~e first day of
.~Y, Zaos.
And shal! duiy, promptly. and tupypertorm, discharge, execute, eBect, compkte. and comply with and abide by each and every Ihe stipu- ~
lations. agreements, conditions, and covenants of said promissory note and ot this mortgage, thenthis mortgage and the estate hereby created
shall cease and be null and void.
And the martpeor furtlier wvenants u tolbws:
~ I. That he wiN pay the indebtedness, as hereinbetore provided. Privik~e is reserved to pay the debt in whole, or in an amount equal to one
ru; or more monthly pavments on the principal ~hu ue next due on the note, on the fint day ot sny month prior to maturit~ • Prorided. however.
~ ~Fwt written notice of an intention to exercise such privikge is `iven at least thiny 130) days prior to pro~aymem. ,
~