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This form is used in connection
with mort~ayq insured under tM
oar to four-famiy provisions of
tM Nationd Housing Act.
MORTGAGE
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THIS. MORTGAGE, dated the 11th day of December , A.D. 19 79 , by and, between
JESSE FORTE and ROSE FORTE, his wife hereinafter
called the mortgagor, and SUBURBAN COASTAL CORP .
a corporation organized and existing under the laws of New Jersey
hereinafter called the mortgagee.
WITNESSEI'H, that for divers good and valuable considerations, and also in consideration of the aggregate sum Warned in the pro-
missory note hereinafter described, the said mortgagor does hereby gtaant, bugain, sell, alien, remise, release, convey, and confirm unto the
said mortgagee all that certain pkoe, pucel, or tract of land of which the acid mortgagor h now seized and possessed and in actual pos-
session, situate in the county of St . Luc i e
and State of Florida, described as follows:
_ Lot 248, SHERATON PLAZA, UNIT FOUR Replat as recorded in
Plat Book 16, Page 18 of the Public Records of St. Lucie
County, Florida.
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Together with all structures and improvements now and hereafter on said land, and fixtures attached thereto, and all ants, issues,
proceeds, and profits accruing and to accrue from said premises, all of which are included within the foregoing description and the haben-
dum thereof; also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and
~ power rystems, machines, appliances, fixtures, and appurtenances, which now an or may hereafter pertain to, or be used with, in, or on
said premises, even though they be detached or detachable.
E 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 reversion and reversions, remainder or remainders, rents, issues, and profits thereof, and also all
the estate, right, title, interest, homestead, dower and right of dower, separate 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 pucel 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
quietly to enter upon, hold, occupy, and enjoy said land, and every part thereof; that the land is and will amain 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 mortgagor does hereby fully wurant the title to said land,-and every part 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 S1 xteen thousand and NO/100
Dollars (S 16,000.00
as evidenced by a note of even date herewith, with interest from date at the rate of E1 even and One hal f
per centum ( 11 , 50 96), per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
ufficeof Suburban Coastal Corp., P. 0. Box 1328, Passaic, New Jersey 07055
= ur at such other place as the holder of the note may designate in writing, in monthly installments of One Hundred Fifty
~ Dollars S ,
Eight and 56/100--------------------------------------- (158 56
:ommencing on the lust day of February , 19 80 ,,and on the fast day of each month thereafter until the
principal and interest are fully paid, except that the ftnal payment of principal and interest, if not sooner paid, shall be due and payable on
the first day of January, 2010.
And shall duly ,promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide by each and every the
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 wiU pay the indebtedness, as hereinbefore provided. Pfivilege is reserved to pay the debt in whole, or in an amount equal
r 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:
Provided, however, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment.
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