HomeMy WebLinkAbout2757 44.4642 ~rn~ ms~cu , nt pl~pea??t+l ~ ~ /
StephetJC, fi'a~:e~..
fiTATEOffLOR10A p. 0. Box 2210 FHA X094-108940-203
310 Denver Aventl~ This form is uaad in connection
s`{~~~ F1p~ld8 33494 with mortgages insured under 1M
one- to lour-lamiy provisions of
the National Housing Act.
MORTGAGE
THIS MORTGAGE, dated the l~tri day of May . A. D. 19 7 9 , by and,
he1wCe" JAMES W. BUSHIN and BETH P. BOBBIN, his wife
hereinattercalledthemortgagor.and SOUTHERN MORTGAGE ASSOCIATES, INC. , authOxized t0
do business in the State of Florida
. a corporatan txganizod and existing under the L• ws of Arkfl<nf3f~S
. hereinafter cslkd the mortgagee,
WITNESSETH. that for divers good and valuabk considerations, and alto in consideration of the aggregate sum named in the promiss~-
ry note hereinafter described, the said mortgagor does hereby grant. bargain, sell, alien, remise, release, convey, and confirm unto the said
mortgagee all that certain piece, parcel, or tract of land of which the said mortgagor is now seized and possessed and in actual possession, silo-
ate in the county of St . Lucie
and State of Florida, described as tolbws:
The North 63 feet of Lots 1 and 2, Block 2, WYLDWOOD PARK
SUBDIVISION, according to the. plat-thereof on 'filed in
Plat Book 5, Page 54, public records of St. Lucie County,
Florida.
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THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED FOR THE EXPRESS
PURPOSE OF SECURING A PORTION OF THE PURCHASE PRICE OF THE ABOVE
DESCRIBED PROPERTY.
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j Together with all structures and improvements now and hereafter on said land, and fixture. attxhed thereto. and all rents, issues. pro-
f :cede, and profits accruing and to accrue from said premises. allot which are included within the foregoing description and the habendum there-
uf: also all gas. steam, ekctric. 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 on said premises, even
thewgh they be detached or detachabk.
TO HAVE ANDTO HOLD the same. together with all and singular the tenements, hereditamentc and appurtenances thereunto bebnging
ur in anywi+t appertaining. anJ the reversion and revtniom. remainder or remainder.. rcnt+. i++ue+. anJ profit. Ihereuf. and aho all the e+tate,
I right. tick. intere+l. hume+teaJ. dower and right of dower. +ep:~r:Ae e+tatt. pu++e++iun. claim and Demand whatu?tver. a+ well in law a+ in eyui-
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r ty. of the +aiJ mortgagor in and to the .amt. and every part Ihereot. with the appurten:mce+ at the .aid murtgaEur in and to the +ame. and every
3 pa?t and pared thereof unto the +aiJ mortgagee in tee +implt.
And the mortgagor hereby covcnanh with the mortgagee that ht i+ indefea+ihly xixJ ut +aiJ IanJ in fee +imple: that hr ha+ full tx?wrr
~ and lawful right to convey the wme in fee simpk a+ atorewid: shat it .hall be lawful far the mortgagee. at all time. pcaceahly anJ quietly to en-
ter upon. hoW. occupy, and enjay said land. and every part thereat: that the land is and will remain free from all encumbrance.: that said mort-
gagor will make such further accuraneec to prove the fee +imple tick to said land in wiJ mortgagee a+ may ht reawnably required. and that .aid
~ mortgagor does hereby Cully warrant the tick to .aid land. and every part thereof. and will defend the wme again+t the lawful claims of all per-
; +ons whomsoever.
r PROVIDED ALWAYS. and these preunt+are executed and delivered upon the fallowing condition.. to wit:
The mortgagor agrees to pay the mortgagee. or order. the principal sum of ~t~lt-a,v.,esxz~ tt)411Sc"!,i>d TLU'tl' 1'LlT1C~reC~ dtY~ 0~~100
Dollars IS 27 900 00 1. a+evidenced by a note of even date herewith. with interest from date at the
,
r centum 1 '.'G 1
rate of Tell a 10. ~ per annum on the unpaid balance
until paid. The said principal and interest chrll Ix payabk at the office of Southern MortxJage ASSOCjateS, InC. ,
1999 SW 27th Avenue, Miami, Flarida 33145 -
ar at wch other place as the holder of the nwe may de+ignate in writing. in monthly in+tallmcnts of Z~ forty-t~uo aIld o~
i 73100 Dallar+ ti 242.73 1. commencing on
the first day o Jla711e , 19 79 ,and on the hrcl day of each month Ihereafrer until the princip:d and
interest are fully paid, except that the final payment of principal and interest. if not sooner paid. shall he dot and .payabk on the first day of
Ma~, 2009 s:
Ands all duly, promptly. and tu0y perlorm, discharge. execute. effect. complete. and comply with anJ abide by each and every the +tipu-
lalions. agreements. conditions. and covenants of said promi+sory note and of this mortgage. then thi+ mortgage and the e+tate hereby created N
shall cease and be null and void.
And the mortgagor further covenants as folbwc:
1. That he will pay the indebtednesc..as hereinbetore provided. Privikge is reurved to pay the deM in whale. a in an amount equal to ane
or more monthly payments on the principal that are next dot on the notes rm the first dxy ut any month pricer to maturity: t'rovidcd. however.
that written nxice of an intention to exerciu wch privilege i+given at ka+1 thuty 1101 Jay. prior to prepayment.
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FHA 211pM 15 )7
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