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HomeMy WebLinkAbout0111 45485 ~ ~ ~ This lorm is used in connection THIS Instrument Was prepared ~ with mortgages insured under tM Carlton E. Co118~, one- to tour-tamity provisions of tM National Houainq Act. Home State Titte Co. MORTGAGE 1950 Lee Road, 093-188257-203 Winter Park. Florida 32789 THIS MORTGAGE, dated the 2nd day of November , A.D. 1979 , by and, between WILLIE FLOYD DAVIS, a single man hereinafter salted the mortgagor, and FLORIDA HOME MORTGAGE COMPANY a corporation organized and existing under the laws of the State of Florida hereinafter called the mortgagee. WITNESSETH, that for divers good and valuable considerations, and also in consideration of the aggregate sum named in the pro- missory 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, pazcel, or tract of land of which the said mortgagor is now seized and possessed and in actual pos- session,situate in the county of ST. LUC IE and State of Florida, described as follows: Lot 148, SHERATON PLAZA UNIT THREE REPEAT, according to .the plat thereof as recorded in Plat Book 16, Page 12, of the Public Records of St. Lucie County, Florida. - .t}~i~l~ 2 7 ~ ~ • l.• ~ -l~ SDE t1H C;;.SS •C' INia.G.E±c P~PStr+..1 ls+ti~`'int<~1 PURit311Mi TO CNx?TLQ 71-•:~, f^+iS tsi 1lll, agac cncurr cowtT, sT. Ltl<:cE co,, ttA J , Together with all structures and improvements now and hereafter on said land, and fixtures attached thereto, and all rents, issues, proceeds, and profits accruing and to accrue from said premises, all of which are included within the foregoing description and the haben- I~'~ dum thereof; also all as, steam, electric, water, and other heatin , cookin , refri ratio , li tin , plumbin , ventilatin , irri tin ,and g g g ge g gh g 8 8 ga g E 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 though they be detached or detachable. - ~ TO HAVE AND TO HOLD the same, together with all and singular .the tenements, hereditaments and appurtenances thereunto be- ~ longing or in anywise appertaining, and the re~rersion and reversions, remainder or remainders, rents, issues, and profits thereof, and also all i ttie estate, right, title, interest, homestead, sepazate estate, possession, claim and demand whatsoever, as well in law as in equity, of the said mortgagor in and to the same, and every part thereof, with the appurtenances of the said mortgagor in and to the same, and every part and parcel thereof unto the said mortgagee in fee simple. ~ And the mortgagor hereby covenants with the mortgagee that he is indefeasibly seized of said land in fee simple; that he has full power and lawful right to convey the same in fee simple as aforesaid; that it shall be lawful for the mortgagee, at all times peaceably and ~~uietly to enter upon, hold, occupy, and enjoy said land, and every part thereof; that the land is and will remain free from all encum- brances; that said mortgagor will make such further assurances to prove the fee simple title to said land in said mortgagee as may be reason- ably required, and that said mortgagut does hereby fully warrant the title to said land, and every pazt thereof, and will defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit: The mortgagor agrees to pay the mortgagee, or order, the principal sum of Eighteen Thousand SiX Hundred ; and No/100ths------- -Dollars (S 18, 600.00 as evidenced by a note of even date herewith, with interest from date at the rate of Eleven and One Half per centum ( 111 per annum on the unpaid balance until paid. The said principal and interest shall be payable at the ufficeof Florida Home Mortgage Company :.r at such other place as the holder of the note may designate in writing, in monthly installments of One Hundred Eighty Four and Thirty-Three/100ths--------------------------Dollars (S 184.33 ~ rommencmg on the first day of December , 19 79 ,and on the first day of each month thereafter until the principal and interest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and payable on ' the first day of November, 2009. .And shall duly ,promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide by each and every the s stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. And the mortgagor further covenants as follows: 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal to one or more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity: f'rot~ided, however, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment. STATE OF FLORIDA + 800~~~~ PAGE Previous Edition May Be Used Until Exhausted' HUD-92110M 16-79)