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MORTGAGE
TNIS MORTGAGE, dated the 20th
ciay ot January
,o~
TA~s lorm is used in co~nettion
with mo~t~a~es insured under tM
ona to four-lamiy provisions ot
ihe National Housin~ 1-ct. ,
, A.D. 19 81 , by and, between
JOSEPN F. KELLY, JR. and ALTAGRACIA P. KELLY, his wlfe hcreinatter
called the mortgagor, and THE LOMAS & NETTLETON COMPANY
, a corporation organized and existing unde~ the laws of CONNECTICUT
hereinafter called the mortg,agee.
WiTNESSETII, that for divers good and valuable considerations, and also in consideration ot the aggregate sum named in the pro-
missory note hereinafter described, the said mortgagor dces 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 said mortgagor is now seized and possessed and in actual pos•
session, situate in the county of St . LuCie
and State of Florida, described as follows:
Lot 1, Block 59, PORT ST. LUCIE, SECTION 'RlENTY-FIVE, according to the Plat
thereof as recorded in plat Book 13, Page 32 of the Public Records of
St. Lucie County, Florlda.
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Together with a11 structures and improvements now and hereafter on said land, and fixtures attached thereto, and all rents, issues~
pruceeds, and proC-ts aceruing and to accrue from said premises, a{l of which are included within the foregoing dexription and the haben-
dum thereof; also all gas. steam, electric, water, and other heating, cooking, refcigerating, lightiog. plumbing, ventilating, irrigatis-g, and
pc,wer rystems, machines, appliances, fixtures, and appurtenances, which now are or may hereafter pertain to, or be used with, in, or on
~aid premises, even though they be detached or detachable.
TO HAVE AND TO HOLD the same. togeiher with all and singular the tenements, hereditaments and appurtenances thereunto be-
lunging or in anywise appertaining, and the reversion and reversions, remainder or remainders, rents, issues, and profits thereof, and a]so all
~t~e estate, right, title, interest. homestead, separate estate, possession, claim and demand whatsoever. as well in [aw as in equity, aE the
~:,id mortgagor in and to the same, and every part thereof, with ihe appurtenances of the said mortgagor in and to the same, and.every part
~nd parcel thereof untu the said moitgagee in fee simpie.
And the mortgagor hereby covenants with the mortgagee ihat he is indeteasibly seized of said land in fee simple; that he has full
~~,wer and lawful right to cunvey the same in fee simple as aforesaid; that it shall be lawful for the mortgagee, at a1S times peaceably and
yuietly to enter upon, hold, occupy, and enjoy said land, and every part thereof; that lhe land is and wil! remain free from all encum-
hrances; that said mortgagor wil) make such further assurances to prove the tee simple title to said land in said mortgagee as may be reason-
ably required, and that saiJ mortgago~ dces hereby fully, warrant the tide to said land, and every part thereof, and will defend the same
.sgainst the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, and these presents ace executed and deiivered upon the following conditions. to wit:
The mortgagor agrees to pay the mortgagee, or order, the principal sum of
THIRTY-EIGHT THOUSAND DOLLARS AND NO/100__________________.Dollars(5 38,000.00 ),
as evidenced by a note of even date herewith, with interest trom date at the rate of 7HI RTEEN b 4NE-HALF
per centum ( 13. 5 `%), per annun: on the unpaid balance unW Qaid. The said principal and interest shall be payable at the
~~rr~eor THE LOMAS & NETTLETON COMPANY, 2001 Bryan Tower, Oallas, Texas 75201
,~r at such otfier place as the holder of the note may designate in writing, in monthly installments of FOUR HUNDRED
THIRTY-FIVE dnd 26/100-----------------------------------------~llars(S 435.26 )•
~ummencing on the first day of MdPCh , 19 $~ , and on the first day of each month thereafter until_the
principal and interest are fu0y paid, except that the final payment of principal and interest, if not sooner paid, shall be due and payable on
the first day of February, 2011
Md sl~all duly , promptly, and fully perform, dix:harge, execute, eftect, complete, and comply with and abide by eacfi and every the
stipulations, agreements. conditions, and covenants of said promissory note and of this mottgage, then this mortgage and the estate hereby
rreated shall cease and be null and void.
And the mortgagor (urther covenants as foqows:
1. That he will pay the indebtedness, as hereinbetore provided. Privilege is reserved to pay the debt in whole, or in an amount equal
t~~ one or more monthly payments on the principal that are next due _on the note, on 1he fitst day of any month prior to maturity:
f'~~~~~ided, however, ihat written notice of an intention to exercise such ptivilege is given at least thirty (30) days prior ta prepayment.
BtHIK~~~ PA~E 434 ~A-TE OF F~ORIDA
Previous Edition May Be Used Until Exhausted HUO-42110M 16•79)
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