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0941544308-203
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~ rnis form is used in connectio~ wim mohaqes h~xed
$~04~ unde~ the one-tatour Iamiy prc~prems d the National
Housirq Act which provide tor period+c Alortgage I~ur-
ar?ce Premfum payments. , /
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„"A v~+ ~ORTGAGE $
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THIS MORTGAGE dated the __~r h day of December , A.D. 19 86 by and, beriveen
WILLIAM P. MARTIN JR. AND JEANNIE H. MARTIN, husband and wife here~nafter
called th~ mortgagor, and B~ETT BANK OF ST. LUCIE COUNTY
,~~~t~+ organized and existing under the laws of
the State of Florida horeinafter catled the mottgagee.
WITNESSETH, that tor divers pood and valuable consideraCans, and atso in consideratio~ ot the aggregate sum named in the
promissory note he~einaftet descnbed, tFx3 said mortgagor does hereby grant, bargain, sell, aJien, rem?se, release, convey, and
coniirtn unto the said mortgagee all that certain piece, parcel, or tract ot land of which the said mortgagor is now seized and
possessed and in actual possession, situate in the aounry oi T••^' °
and State of Fbrida, described as tolbws:
Lot 6, B1ock 1572, PORT ST. LUCIE SECTION THREE,
according to the Plat thereof, recorded in Plat
Book 1.4, Pages 10, l0A through 10I, of the
Public Records of St. Lucie County, Florida.
3s°
~
~T~TE Ft_(=1RICa!`-~ ! ~~D ~t~~ln F~ym~nt Of T
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a
f.:-.:;", :,r r:,'~: - Due On Ctass „C'• Intan iDe Personal Prop~tql.
Pursuant To Chap.er 71. 134. Acts Of 1971.
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~ ~ _ P8. = JAN -8'81 ~;~4 . /
~ Clerk Grcuit Cour~ S~ LuCle~ OtL..~t~.
~ ~ 10523 w
Together with a!I 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 foregang description and the
habendum thereof; also all gas, steam, electric, w~ter, and other heating, cooking, refrigerating, tighting, plumbing, ventilating, .
~ irrigating, and power systems, machines, appliances, fixtures, and appurtenances, which now are or may hereafter pertain to, or be
~ used wdh, in, or on sa~d premises, even though they be detached or detachable.
~ TO HAVE AND TO HOLD the same, together wdh all and singular the tenements, hereditaments and appurtenances thereunto
belonging or in anywise appertaining, and the reversion and revers~ons, remainder ar remainders, rents, issues, and profits thereof,
' and also all the estate, nght, title, interest, homestead, separate estate, Qossession, claim and demand whatsoever, as well ~n law as in
; equiry, of tha said mortgagor m and to the same, and every part thereoi, with the appurtenances of the said mortgagar in and to the
~ same, and every part and parcel thereof unto the said mortgagee in (ee simQle.
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 afore~ai~; that it shall be lawful for the mortgagee, at all tunes peaceabN
; and qu~eily to enter upon, hold, occupy, and enjoy sa~d land, and every part thereof; that the land is and will remain free from a11
encumbrances; that said mortgagor w~tl make such further assurances to prove the fee simple title to said land in said moRgagee as
~ may be reasonably required, and that said mortgagor does hereby fully warrant the title to said iand, and every part thereof, and will
~ defend the same against the lawful claims of all persons whomsoever.
PROVlDED ALWAYS, and these presents are executed and delivered upon the following conditEOns, to wit:
s The mortgagor agrees to pay the mortgagee, or order, the principal sum of
~ FIFTY FOUR THOUSAND THREE HUNDRED ~ 00/100 Dollars($ 54,300.00 ~
~
as evidenced by a note of even date herewith, with interest from date at the rate of NINE
per centum ( 9• 000 pe~ annum on the unpaici balance until pa~d. The said principal and interest shall be payable on
~ the office oi BARNETT MORTGAGE COMPANY, P.O. BOX 2832, JACKSONVILLE, FLORIDA 32203
or at such oiher place as ihe holder oi the note may designate in writing, in monthly installments of
Four Hundred Thirtv Six & 91/100 Do{lars ~36.91
commencing on the first day of Februarv , 1g 87 , and on the first day of each month thereafter until
tbe principal and interest are fully paid, except that the final payment of principal and interest, if not sooner paid, shatl be due and
payable on the tirst day of • Januarv, 2017
~ And shall duly, promptly, and fuly perform, discharge, execute, eftect, complete, and compy with and abide by each and every
the stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, ihen this mortgage and the
estate hereby created shall cease and be null and void.
And the mortgagor funher covenants as follows:
1. That he will pay the ~ndebtedness, as hereinbefore provided. Privi{ege 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 du~~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.
PrCVqus ed?Wrt W Ju~ 79 obSdBte
PA~O ~J V~ 8TATE OF FLORIDA
~0 5 2 7 ~
24 CFR 203.17(e
oee~s~ o.c e4 ~~e~opc
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