HomeMy WebLinkAbout1127 4'7253 ~ ~
• TAb fonn'fa used In oonrNCtion ~
Q~QOV with mort~app insured under tM ~t
on? to four-hmiy provbions of {
~•Q6CII~ tt,. National Housin0 Act.
~ MORTGAGE
WITH DEFERRED INTEREST AND INCREASING MONTHLY INSTALLMENTS
THIS l~lORTGAGE, dated the 23rd ~y Novefnbe r , A.D. 19 74 , by and, between
MICHAEL F . D' ADDARIO .and BERNICE D' ADDARIO ,His wife herein:.Rer -
called the mortgagor, and SUBURBAN COASTAL CORP.
a corporation organized and existing under the laws of THE STATE OF NEW JERSEY
hereinafter called the mortgagee.
WITNESSIBI'H, that for divers good and valuable can:iderations, and also in considerativtt of the aggregate sum named in the pro-
missory note hereinafter described, the said mortgagor does hereby grant, bugain, sell, alien, remise, please, convey, and confirm unto the
said mortgagee all that certain piece, Parcel. or tract of land of .whidr the said mortgagor b now seized sad poaessed and iA actual pos-
session, dtwte iA the county of St . Lucie
and State of Florida, described as follow:: - -
Lot 25, Block 270, PLAT OF PORT STI LUCIE SECTION SIX,
. according to the Plat thereof, as recorded in Plat Book 12,
Pages 36 A through 36D, of the Public Records of St. Lucie
County, Florida.
• - -3~.~-~__ _ • ~
RECfwEO s oa 7o iN PAl11tENT Of: TA1f~Et
I O OUE ON CLASS 'C tNTAti&'aLE PERSONAL PwOPEaTY,
s rYNStIANT TO i.NAPTER 71-~:4, ACTT Of 1l71.
R06ER PtiRt;AS
fx~ENC catrurt .couaT, s~ ufct~ fem. Eu ~ h1
J
DEFERRAL OF INTEREST MAY INCREASE THE PRINCIPAL BALANCE TO $55,089.86
tr
4 Together with all strocture: and improvements now and hereafter on said land, and fixtures attached thereto, and all rents, issues,
proceeds, and pmfits accniing and to accrue from acid premises, all of which zee included within the foregoing description and the haben-
E dum thereof; also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and
I 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 detadrable.
TO HAVE AND TO HOLD the same, together with all and singulu the tenements, hereditament: and appurtenancxs 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
e 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 wt~l remain free from all encum-
brances; that said mortgagor wr71 make tuclr further assurances to prove the fee simple title to nid 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 wr71 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:
i The mortgagor agrees to pay the mortgagee, or order, the principal sum of
g Fi f ty0ne Thousand Three Hundred Fifty and 00/100 Dollars (S 5i, 350.00
SUBURBAN COASTAL CORP.
as evidenced by a note of even date herewith, with interest from date at the rate of Eleven and One Half
per centum ( 11.5 ~ 9G), per annum on the unpaid balance unt~7 pair'. The said principal and interest shall be payable at the
office of SUBURBAN COASTAL CORP. P.O.
~ , Box 1328 , ~ssaic , Nom Jersey 07055 -
E , at p ~~,GG hhnt~p* •ti~ not~ay_d~~iRnate in writing. in monthly installments of ACCORD 0 THE SCHEDUL~~
~ ~;Ut;,mT~~`fI'B~A~IT"NOTE. - Dollars (S ~
!commencing on the fast day of January ,19 80 ,and on the first day of each month thereafter until the
principal and interest zee fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and payable on ;
j the first day of December 2009
rom , and f dorm, dischar execute, effect, com kte, and com with and abide b each and eve the
And shall duly , P PvY ~Y Pe ga. P P1Y Y rY
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 covenant: as follow::
I 1. That he wr71 pay the indebtedness, as hereinbefore provided. Privilege is resernd to pay the debt in whole, or in an amount equal ~
to one or more monthly payments on the principal that zee next due on the note, on the fast 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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_ _ ATE OF FLORtOA