HomeMy WebLinkAbout2555 ~~9E4Ei42 -rt,~g ~nstrurnent spared ~ 44f
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StepNen'C. Frasier, Atto~l~ll `g1•~ICt~d
P, 0. Eiox 2210 FHA #094-108940-203
STATE OF FLORIDA X10 penvef Avenue
This form is used in connection
girt, Florida 33494 with mortgages insured under the
one- to four-lamiy provisions of
the National Housing Act.
MORTGAGE
TNIS MORTGAGE, date) the 10th day of MaY . A. D. I9 7 9 , by and.
between JAMES W. BUSBIN and BETH P. BUSBIN, his wife
hereinaftercalledthemortgagor.and SOUTHERN MORTGAGE ASSOCIATES, INC. , atlthOxi2ed t0
do business in the State of Florida
. a corporation organize) and existing under the lawx of Arkansd S
.hereinafter called the mortgagee.
WITNESSETH. that for divers good and valuabk considerations. anJ ako in consideration of the aggregate sum named in the promisso-
ry note hereinafter descrited. the said mortgagor doss hereby grant. bargain. sell. alien. remise. release, convey, end confirm unto the said
mortgagee all that certain piece, parcel, or tract of hod of which the said mortgagor is now seised and possessed and in actual possession, situ-
ate in the county of S t , Lucie
and State of Fbrids. described as follows:
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.
~ ~ , • _ n G A', E N' k - ~ . ' _ • ~ Ow OM1 ~Irs Ititr~r~e ~wtertM ht1/MI~
_ • .
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.
THIS INSTRUMENT IS BEING RE-RECORDED TO CORRECT THE PRINCIPAL AND
INTEREST ON THE MORTGAGE.
I
t Together with all structures and improvements now and hereafter on said land. and fixtures attached thereto. and all rents. issues. pro-
~ reeds, and profits accruing and to accrue from said premises. all of which arc included whhin the foregoing Description and the habendum there-
¢ ut: also all gas. steam. electric. water. and other healing. cooking. refrigerating. lighting. plumbing. ventilating. irrigating, and power systems.
machines. appliances. fixtures. and appurtenances. which now are or may hereafter pertain to. or tx used with. in. or on said premises. even
thcwgh They be detached or detachabk.
TO NAVE ANDTO HOLD the same. to~elher with all and singular the tenements. hereditament. -arid appurtenances thereunto belonging
ar in anywise appertaining. and [hc reversion anJ reversions. remainder or remainder. rents. issues. anJ profits thereof. and also all the estate.
right. titk. interest. M~me.tead. dower :mJ right of Dower. separate estate. p,~s.ession. claim :mJ drmanJ whahurvrr. as well in law as in equi-
ty . of the said mortgagor in anJ Io the same. and every part thrreof- with thr appurten:races at the sail mortgagor in anJ pr the same. and every
~ part anJ parcel thereof unto the said mortgagee in tee simple.
P And the mortgagor hereby covenants wish the mortgagee Ih:rt he is indrfeasihly sei7eJ ut saiJ lanJ in fre simply: th:d he has full p.lwer
and lawful right to convey the same in fee cimpk as aforesaid: that it shall be lawful for the mortgagee. atrll times peaceably anJ quietly to en-
ter upon. hold. occupy. and enjoy said land. and every part thereof: that thr Ian) is and will remain free from all encumbrances: that said mort-
~ gagor will make wch further assurances to prove the tee simple titk to sail land in said murtg:rgee as may t+e reasonably required. and shat said
mortgagor does hereby fully warrant the titk to said land. and every part (hereof. anJ will JefenJ the same agaimt the lawful claims of all per-
sons whomsoever.
PROV IDED ALWAYS. and these presents are ececuteJ and Delivered ulx~n the following conditions. to wit:
_ The mortgagor agrees to pay the mortgagee, or under. the principal sum of ~~.~.appn thtxts~rrl n111e l~ulndred arr3 00100
Ibllars IS 27, 900.00 1. as evidenced by a nda of even date herewith. with interest from date at the
rate of Ten r centum 1 ! 1 r annum on the un id balance
pe 10.00 I+e pa
until paid. The said principal and interest shall be payahk at the office of SOlltherll Mertx3age AS.~OC1ateS, InC. ,
1999 SW 27th Avenue, Mia¢tli, Florida 33145
or at such other place as the holder ottee-note may Je.ign:de in writing. in monthly inslallmenh of 2~ hu1'IdreC~ forty- fc>uYS>nd `„Q
3 96 /100 Dollar IS 24 4.96 1. commencing on
the first day o JuYle . 19 79 ,and on the hrst day of each month (hereafter until the prirxipal and
s interest are fully paid. except that the final payment of principal and interest, if not sooner paid. shall he due and . payabk on the first day of
K
Mdyh, 2009
Ar?d s all duly. promptly. and fully perform. discharge. ececute. effect. compkte. and comply with and abide by each and every the stipu-
lationc. agreements. conditions. artd covenants of said promissory owe and of this mortgage. Then this mortgage and the estate hereby created N
shall cease and be null and void.
And the mortgagor further covenants as folbws:
I. That he will pay the indebtedness. ac hereintxiore provided. Privikge is reserved to pay the deM in whole. or in an amount egwl to one
or more monthly payments on the principal that are next due on the ode. on the first Jay of any month prior to maturity: Provide). however.
that written notice of an intention to eaercise suLLCh wile a is give :d :~s huty 11111 days prior to prepayment.
T. FHA 2116M (5 77
r~f~ Re-&ecsrd