HomeMy WebLinkAbout2867 PSL-166 ~ ~ ~ -
4E~t~3'76
This form is uaad In connactiort _
with mort9pq inwn0 under tM
on- to tour-hmiy provision of
tM National Housing Act.
MORTGAGE
THIS MORTGAGE, dated the 20th ~Y of Narch , A.D. 19 80 , by and, between
ALAN TEICKSLER, a single adult and CHERYL FRYER, a single adult hereinafter
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.
WITNESSETH, that for divers good and valuable considerations, and also in oonaideratIon of the aggregate sum named in the pro• t
missory note hereinafter described, the acid mortgagor does hereby grant, bargain, sell, alien, remise, release, convey, and conRrrrt unto the
said mortgagee all that certain piece, parcel, or tract of land of which the acid mortgagor is now seized and poase:sed and is actual po:-
session, situate iA the county of St . Luci e
and State of Florida, described as follows:
i Z ! ?
Lot 9, VERDE PINES, accordinv to the Plat thereof as _
recorded in Plat Book 16, Page 37 of the Public Records v, -
of St. Lucie County, Florida.
_ -
RECEIVED s $ S. 7 0 M PAYMt1tT OF TA>tf! . ; f .
DUE OM fI.SS 'C' INTAN6BLE PERSONAL PROPERTY, ~ '
PURSUANT TO CHAPTER 71-t~~. ACTS OF 1lfl.. ' ,
ROf;ER POITRAS .
CLEiK t;tRCRtT COilitT, iT. LtiCE ~ ~Ial ~ .
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i 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-
dun thereof; also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing, ventl7ating, irrigating, and
power systems, machines, appliances, fixtures, and appurtenances, which now are or may hereafter pertain to, or be used with, in, or on
E 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 appertair?ing, and the reversion and reversions, remainder or remainders, rents, issues, and profits thereof, and else 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 appurienancea of the said mortgagor in and to
cite same, and every part and parcel thereof unto the said mortgagee iri 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 remain frce 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 warrant the title to said land, and every part thereof, and wt~l defend the same
against tht 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 mortgagce, or order, the ptincipal sum of
~ORTY FOUR THOUSAND THP.EE HUNDRED FIFTY and no/100--------------Dollars (S 44,350.00
as evidenced by a note of even date herewith, with interest from date at the rate of THIRTEEN
~?r eentum ( 13 96), per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
~~fficeof SUBURBAN COASTAL CORP. - P. 0. Box 1328 -Passaic, New Jersey
ur at such other play as the holder of the note may designate in writing, in monthly installments of
~ SOUR HUNDRED NINETY and 95/100------------------------------------pollys(S 490.95
, ommencing on the first day of May ,1980 ,and on the first da of each month thereafter until the
principal and interest are fully paid, except that the final payment of principai and interest, if not sooner paid, shall be due and payable on
the first day of Apri 1 , 2010.
And shall duly ,promptly, and fully perform, discharge, eicecute, 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
rested 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 resernd to pay the debt in whole, or in an amount equal ,
tc~ 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:
~ /'sc,vided, however, that written notice of an intention to exercise such priv7ege is given at least thirty (30) days prior to prepayment.
pt l~~ P~f~~~ STATE OF FLORIDA