HomeMy WebLinkAbout0677 _ , ,44~.~~. . . . . ~ U
sTATE OF RORIDA This lo~m is us~d in connect~on
FHA FONM NO ~110 Y ~ with mort~a~es inwrtd unde~ tM
pw'~ ~Y ~n~p~ one- to four-lamily provisions ol
~ ~7 ihe National Housinp Act.
~ A-rF- t-=~_.~ ~
M E N i A k' ; 5? ' I
- . - , ~ : ~ - ~ ~ MORTGAGE
~•-u _ •s ~ ~ _ ~
- ~'~t; •To .'.=i ~ 3 L. G J ~
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THIS MORTGAGE. dated ~he 26tt1 day of Ap2~31 D. ~y 7 S - h~~ :~~d.
n~~w~~~ Lawrence A. Walker and Diana L. Walker, His Wife
hereinattercalkdthemortgagw.anJ Southern Mortgage Associates, Inc., authorized to
do business in the State of Florida.
. a corpo~ation organized anJ e~?isting un~kr Ihe law•s u(
AY'~{8I1383 . hereinafter called the mortgayeee.
WITNESSETH, ihat tor divers good anJ valuabk ci~nsiderationx. anJ alw in conciJeratiun u( the agy,regate wm named in thr promi.,o-
ry~wte hereinefter drecribeJ, the wiJ mortgagor does heTehy grant. M:ugain. selL alien. remice. relea,e. ronvey, and cunfirm unto ~he .aid
mwtgaget all tbat certain picce, parcel, or 1rac1 of larul of which tht said mortgagix i~ naw ~eiied •rnA po~sesscd and in x~ual M~..e.~iun. .ilu-
ete in the county ut $ t. Luc i e
and State of Florida, Jeccritxd as (ollowc:
Lot 20, Block 5, FORT PIERCE HIGHLANDS SUBDIVISION,
/
~y'~ UNIT 1, as per plat thereof on file in Plat Book 10,
Page 2g, of the Public Records of St. Lucie County,
Florida. ~ p
Received s I~ In Payment Of Texes
Oue ~n C~ass "C" Intan9ible Personai Property,
, ~u~~~~ant Tn rh£fpt9r 71. 1$4. ACtS Ot 1971.
-(~a•,q ~ : . :r°p3red by~ ROGER POITRAS
C`iic: *'o Title InsuranCe ~Q." ~ C,e~k C~?cu~t Court, St. Luc~e, Co., FI~.
JOHN J. MARCIANTE .
2717 Orange Avenue
Fort Pierce, Florlde g3~{~p
i~) 461-1761 ~
; THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED FOR THE EXPRESS
~ PURPOSE OF SECURING A PORTION OF THE PURCHASE PRICE OF TNE ABOVE
~ DESCRIBED PROPERTY.
~
; T.~e~her with •rll structurcs anJ improvtment~ now and hercatter un v~iJ IanJ. •rnd fi~ture+ rtt:KheJ Ihereto. anJ all rcnts, i.~ue.. pro-
y ~ecd~. and profitc accruing anJ to accrue (rom saiJ premisrs_ all o( which :~re includeJ wi~hin Iht (orcgoing dt~rriptioo anJ ~he hahenJum there-
x ut: alco all gas. xteam, electric_ vvater. and utlxr beating. ccwking. rcfrigera~ing. lighting. plumbing. veniilating_ irri~wting. and Ex~wer ,~.tcm.. •
~ machinec. appliances. fixturex, anJ appurtenrncec, whkh now are ur m•ry herra(ter pert:un to. ur be u~rJ with, in_ a.r on .:~iJ premi.e~_ r~en
~ ~houp,h thty he detacheJ or detachabk.
~ TO HAYE ANDTO HOLD the wme. tugether with all and .ingular the tenemrnh. hereditamenl~ a~J appurtenance. ~hercunto helon~in~;
~ ur in:myNi.t apper~aining. :md the rr~rr.ion anJ revcr.ium. remain~lrr.~r rrmainJrr.. ren~.. i..ue.. :mJ prufit.Ihereu(.:mJ al.~~ all ihr e.~:dr.
a nght. Iide. intert~L home.tead. Jowrr :mJ right uf duwer. ,eparatr e.talr. Ex~.~r..ian. ~laim anJ dcmanJ wh:~l.~nvrr. :i. wcll fn laa in ryui-
~ ty. thr.aiJ martgagor in ~nJ lu the.:~mc. :mJ e~cry part thtrc~+f. with Ihr :~ppurtenanct. ot ~he .aid mart~:agur in and to Ihc ~amt. and r~cr~
~ part anJ p:~rcel therru( untu the .aiJ mort~gee in (ee .implt.
~ .AnJ ~he munga~;ur herehy cuvenam~ wi~h the mur~~grr that hr i~ inJrfea.ihly .eiied ut .aid I:inJ in fer .implr: that hr ha. full puwer
and lawtul right to convey Ihe wme in fet tiimplr a~ afore,aiJ: lhat it shall t?e lawful fi~r the mort~agee. at all time~ E+e:ice:~hly and yuielh to en-
~ ter upon. hoW. ocrupy. arxl enjoy wiJ land. and every {+art thereot: that Ihe I~nJ i. and w ill rem•rin free trom atl encumhrance.: thal .aiJ murt-
gag.x wiH mc~ke ~uch f~nher •resurancec ta prove Ihe fer ,imple titk to said IanJ in wiJ mung:~gte a~ may t+e re~~unably reyuired. anJ that +aiJ
rrhirtp,agor Joes hereby fully warrant Iht titk to caiJ I•rnd. and e~ery part thereof. and will Je(enJ the wme again~~ thc lawful claime ot all per-
wns whomsocver_
~ PROVIDED ALWAYS. and these prenemti are etcruted :mJ dtli~ereJ u~xm tht (.~IlowingcunJiti~~n.. In wit:
~ Thc murtga~tor :?grees tu a ttx murt~tagee. w urdcr. the principal sum ar Twenty 021@ Thousand Four Hundred
~ y and No/~~0
,j 21 ~ 5~ . 1. a~ eviJenced hy a nole ot even Jate herewilh. with intertu from J:~te at the
r•rte of ~~t and T~ee Q~uarters per centum 1 8~ 7~ !:1 E+er annum un the unpaiJ halance
, until pai caid pnnc~pal an ~ntcre.~ s all fx payabk al ~hc utTi~t o( Southern Mor gSg@ A s soe iat e s, TI'1C .
: 1999 S.W. 27th Avenue, Miami, Florida 33145
or a~ such olher place a~ the hoWer of thc nole may de~ignate in wriling, in mi~nthly in.t:dlment~ o( Ot'l@ Hundred S ix ty Eight
~1
' !
z Ik~II~ucIS I.commenrmRon
' and 81/100- • 168.81
the 6rst day o( June . i9 7 8. and on ~he hrst d:+~• of each mi~Mh tFxreafter until tfx principal and
interest are tull
y paid, except that the•final payment o( principal and interesl. if ~1 uwner paiJ. .hall be Jue anJ pryahk un Ihe first Jay ~i(
M y = 2008 .
=y~ A~riall July- promptly. anJ tully pertorm. diuFwrge. eiecute. eRect. complele. anJ rumply wi~h a~d ahide by each and every tF?e ,~ipu- ~
I~tans, agretmeMs, cunditions. arxl covenants of wid prumitiory ~~ue anJ of ~hi~ morty:~ge. Ihen Ihi~ murtp,age anJ ~he ~.~ate herehy created ~
shall ce~x anJ t+e null and void.
And ~he mottgagor furlher covenanls a. follows:
; I. 'R~e he will pay the indebtednecs_ as hercintxfore provideJ. Privikge i~ re~enrJ to pay the JeM in whok, or in •rn ~muuM equal to one
`z; ot more monthly paymenls an O~e principal that are nert dut on Ihe note. on Ihc fir~~ Jay o( any munth prior to maturity; ProviJed. twwever,
that written n~Hice o( an imentiun to e~erci~e wch privilege i. ~eiven .~t ka.t ~hihy ~~1?? Jay. priur lu prepayment
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