HomeMy WebLinkAbout0281 4' , i3'76
STATE OF FlOR10A This torm ~s used in connect~on
w~th mortgages insured under the
one- to four-lamiy provisions of
the National Housmg Acl.
This Instrument was pnep~ed by
Carlton E. ca~~ey MORTGAGE 094-107564-zo3
Home State Titl ~
1950 Lee Road, ~
Winter Pa~k, Fbrida 32789 ~
s
THIS MORTGAGE. Jated the 5th ~~y January ~y 79 . hy :.nd.
ne~W«~ ALTON YOUNG and BETTY JEAN YO[TNG, his wife ;
hercinatter calkd Ihe mortgagor. and
FLORIDA HOME MORTGAGE COMPANY ~
. a curporatwn organizcvl and exi~ting urnler the law~ u~ thg State of Florida ~
. ~
herc~naher called 1he ihurtgagee.
WITNESSETH, that tu~ diverc good and valuabk conciderationc. •rnJ al~o in con+iderat~un of Ihe aggregate sum namtd in tht promissu-
ry rate hereinatter de~criAed. ~he caid mortgagor doec hereby gr•rnt. t+argain. ~ell. alien, remix. reka~e. convey, and confirm unto IAe said
mortgagn atl 11wi cerlain pitce. parcel, or Iracl ot land uf w hich the .aid mortgagor ic now Seiz~J and poccetiud and in aclual possession. situ-
a~tinthecountvof $t. Lucie
and Slatt ot Fbrida, dtscribed a~ tollowc:
Lot 9, Block 39, Plat No. 3, of SUNLAND GAR~~NS, accor_ding to the plat
thereof as recorded.in Plat Book 9, Page o7, of the Public Records of
St. Lucie County, r'lorida.
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Together wuh atl a~rucwres artd improvement~ now :,od hereaher un ~aid land. :mJ fi~wre. attached Ihercto. and aU rentc. iswec, pro-
ceeds_ and profitc accruing and to accrue from .aid prcmiue. all ot Mhich are included w•ithin the (oregoing deccriptiun and the habendum lherc-
~ ot: also all gas. sleam, dectric. waler. and other heating. cooAing. rcfrigera~ing. lighting_ plumbing. ventilating. irrigating. ~nd power tiyctem~.
~ machinet. appliancec. fixturec. anJ rppurtenance~. which nuw are ~r may hereafter perlain to. or t+e u~ed wilh. in. or on wid premises. even
r ihough they bt dtlached c?r:detachabk
~ TO HAVE ANDTn HOLDthe ~ame. ti~clher wilh alt ~nd ~inguiar ~hc tenement~. hercJi~amcot~ and appunenances thereunto belonging
; or io anyw~.e appert:umn~. anJ the rtvenion .mJ rever~ium. rrm:~irxler ~~r rem:~roJer.. rcnh. i.~ut~. and prufit~ thtrcuL :mJ :d.u all tht ectalc.
; riFh~. title. intere.t. Ix~me.tc:~J. Jower anJ right uf Juwer..cp:~ratr e.t:~~e. p.~~.c.~i~m. rl:~im :~nJ Jcm.mJ w~hat.~~ever_ a. v?df in I:~w a. in equi-
` ty. of ~he ~aiJ mortgagur in :~nJ to the .:~mr_ ,mJ e~ay p:~rt Iherc~~(. N ~th Ihe :~ppurtenance~ o( ~hr .:~iJ mur~~:agar in anJ la ~hc .:~me. :mJ evcry '
~ part :mJ parcel ~hercof unto Ihe .:~iJ murlg:~gec in tee .implr
~ And Iht morlgag~~r hereby rovenanh with Ihe mortg,Eet th:~t he indr(ea.ihf~ .eiirJ uf .:uJ Ia~J in fee +implc: Ihat ht ha. (ull puwer
' rnd law(ul right lu convey ~he ~ame in (ee ~imple a. :di~reti:~iJ_ that it .hall f+e law ful for Ihe mort~gte. al all time+ peaceably anJ quiedy to en-
~ ter u n. hold. uccu md en" wiJ land. anJ ever u1 lhenu(: that tlx I:~nJ i.:,nJ Nill remaio free trom all encumbrance~: Iha1 wid morl-
~ D~ PY-~ loY Y D~
. gagor will make wch further acwrancec lu prove the (te .imple titk to ~aiJ L~nd in wid morlg:?gee ac may he reawnably required. and that caid
? mortgagor does hcrehy fully warrant 1he IiUe ~o.;~id IanJ. .~nJ cvery prrt ~hercof. anJ will Jefend IF~c ~ame agaimt tix lawtul claim~ o( all per-
z
~ sonc whumsoever.
PR(1YIDED AI.WAYS. and thc.e pre.ent. are ezecu~eJ and delivered u~xm ~he (otlow iog conJilion~.~to wit:
~ Thc mortgagor agretc to pay Ihe mix~gagce. or orJcr. Iht principal ~um of TW@IltI7 S 1X Thousand Four Hundred
~ Dollars IS 2 6, 4 00 . ~ 0 ;~c cviJcn.eJ hy a note o[ even daie herewith, with interc+t from Jate :rt ~ht
~ rate o( N ine and One Hdl f per ccotum 1 9~ 7.1 per annum on Ilx unpaiJ balance
# until patJ. Thc ~aid principal anJ interc~t ~hall Fx payabk at thc uffirt of Florid.a Home Mortgage Company
' ur at wch other place as the hulder ot the nu~e may Je~iEnate in wtiting. in munthly imtallmrnt~ 01 ~j'WO Hundred Twenty
[killar.IS 1. c.~mmencing un
: Two and Two/100ths------------------------- 222.02
the firtt day ot MdY'CI1 . ~9 79. and on ~Ix hru d-sy o( each m~.mb there~t~er until ~he pri~cip.~l and
interest arc fully paid, excepl that Ilx finat payment o( principal and in!trest, if not uwner pai~1. +hall Fx due anJ payabk on the fir~l Jay o(
~ February, 2009.
' And ~hall duly, promptly. and fuUy pertorm. diccharge. etecutt. eHect. complete. anJ comply wilh anJ ahide by tacb and every the ~~ipu-
3 lalion~. agrtem-nts. condihons. and covenanl~ ot saiJ prumi~wry r?~Ne and o( Ihi~ morlgagc. thcn thi, mor~gage and tix e~late hereby createJ
~ shall ceacc and tx null and vad.
~ And ~he mortgagor funher corcnant. a~ follow~:
' 1. That he will pay the indeMcdnc«. ac hereinhe(~~re provided. Pnvilegt is reurveJ to pay the Jeht m whole, or in an amounl equal lo onc
or more monthly payments on thc princip~l tha~ art nexl Jue on the nMe. on the fir~1 day of any month prior to maturity; P?oviJed. however. ~
x that wnttrn notice ot an ~ntcation to cierci+e cuch privilegt i. ~;iven at ka.t Ihirly 1~(11 Jay. prior 1o prepay mem.
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