HomeMy WebLinkAbout0717 -
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tlTA~ ~ tFl.OIItDA This lorm is used in connection
' tFHA FO11M NO 2110 M with mort9epes insured under the
R.vt••J July 1975 one- to tour-tamiy proviaiona of
the Natiertsl Housirtq Acl.
MORTGAGE
THIS MORTGAGE. dated the 1St day of February . A. D. 1980 . by anJ.
~tw~" Timothy E. Selg and Lynn Marie Selg, his wife
hereinafter called the mort~igar. and Citizens Federa 1 Savings and Loan Association of St . Lucie County
. a corporation organized and existing uixkr the Maws of the United States of America
, herciriatter called the mortgagee.
WITNESSETH. that for divers goad and valuable considerations. and also in consideration of the aggregate wm named in the promisso-
ry rate hereinafter Described. the said mortgagor dues 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 wid mortgagor is now seized and possessed and in actual possession, alter
ate in the county of St . LUC i
and State of Fbrida. describe) as follows:
Lot 15, Block 28, PORT ST. LUCIE, SECTION TWENTY-FIVE,
according to the plat thereof on file as recorded In Plat
Book 13, Page 32 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 rents. issues. pro-
ceeJs, anJ profits accruing and to accrue from saiD premises, all of which are included within the foregoing description onJ the habendum there-
of: also all gas. steam. electric. 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
though they be detacheJ or detachable.
TO HAV E AAIDTO HOLD the same. together with all and singular the tenements, hereditaments and appurtenances thereunto belonging
or in anywise appertammg...nd the reversion anJ revcrsiuns. remainJer or rcmainJers. rents. issues. anJ profits thereof. anD also all the estate.
right. title. interest. IamesteaJ. Juwer and right of Juwer. srparate estate. pussescian. claim anJ JemanJ whatwever. as well in lavers in equi- .
ty. of the sail mortgagor in anD to the same. anJ every part thereof. with the appurtenances of the sail mortgagor in anJ to the same. anD every
part anJ parcel thereat unto the wiJ mangagee in fee simply.
AnJ thr mortgagor hereby covenants with the mortgagee that he is inJefeasihly seized of sail 1rm1 in fee simple: that he has full power
rnD lawful right to convey the same in tee simple as aforesaid: that it shall bt lawful for the mortgagee. at all times peaceably and quietly to en-
ter upon. holJ. occupy. and enjoy said land. anJ every part thereof: that the land is and will remain tree from all encumbrances: that said mort-
gagorwill make wch further assurances to prove the fee simple title to said land in said mortgagee as may he reasonably required. and that said
mortgagor does hereby fully warrant the tick to sail Ian). and every part thereof. and will defend the same against the lawful claims of all per-
wns whomsoever.
PROV IDED ALWAYS. and theie presents art execute) and Delivered upon the following conditions. to wit:
ungagur agrees to pay the mortgagee. or order. the principal sum of Thirty-three thousand eight hundred fifty and
~~ars 33 r 850.OO 1. as evidenced by a nee of even Date herewith. with interest from date at the
rate of _ percentumaO.SO ^.flperannumontheunpaidbolancr
and one half---------
until pai~li
e'~ie sa,d principal and interest shoo be payable at the africr or C i t i zens Federa 1 Savings and Loan Association ,
1600 S. Federal Hwy., Fort Pierce, Florida
or at such other place as the holDer of the note may designate in writing, in monthly installments •d According to Schedu 1 e A
attached ~AeM>'otf6 1. commencing
t~ fist ~y ~ March .1980 . and on the first day of each month thereafter unril the principal and
i er st ar f II paid. e. ce t Fie final p~ylnept of prir>gipal acrd interest, if not sooner paid. shall be due and payable on the first day of FebrUa ry,
2010. De~et~re~ ~'r~teres~ ~`ha~~ be a to a principal balance monthly Ther~rtta imam aggregate
amount by IAnd hal ~~id deferr~~ interest S~ha~l ir~cr~a~e the pr~in~~aWitf~~rd~~ra~nYea~a~,deter theca
s 1 u y. promptly. an ally perform. isc rge. execu e. a ec .comp te. c Y Pu•
lotions. agreements. conditions. and covenants of said promissory nwe and of felts mortgage. then this mortgage and the estate hereby created _
shall cease and be null and void.
And the mortgagor further covenants as follows:
1. Thor 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: Provided. however.
that written notice of an intention to exercise such privilege is given at kart thirty 11111 days prior to prepayment.
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