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Home My WebLink About0949 ' 83f £~09 ~eo4a~~ ~ . _ _ _ . - . ~ ~ , • FHA CASE NO. ` ~ ' NBD Mortgage Comp~ny ~A i~ . 1~la~~~ !4~!~f+gage - FHA Perlodtc MIP 094193514-e-203 . THIS MORTGAGE. dated the 8TH day of JULY , A.O. 19$7 . by and between I4ARK A KOR(3AN A ZiARRIED l~AN AND MICHELT M I~IORGAN HIS YIFP - he~ei~after cailed the Mortgagor, and NBD XORTGAQE COI~[PANY , a corporation organ~zed and existing unde~ ~Awss of THI; STATE OF DELAYARg he~einafter called the MongPgee. WITNESSETH, that tor di~ers good and valuable considerations, and also in consideration of the aggregate sum named in the promissory note hereinafter described, the said Mortgagor does hereby grant, bargain, sell, alien, remise, release, convey, and confirm unto the said Mongagee alt that cenein piece, p~rcel, or trect of land of which the sAid Mortgagor is now seized and p possessed and in actual possession, situate in the county of ST. I,UC~E ~ 5 and State o1 ftorida, desc~ibed as foflows: IAT 17~ BT,OCK 83, INDIAN RIVER PSTATE3 UNIT NINP, ACCORDIHG TO THE PLAT THEREUF, AS RFCORDED IN PLAT BOOK 10, PAGES 74 OF TH~ PUBLIC ~CORDS OF ST.LUCI~ COUNTY, FIARIDA. ~ • Receivcd s~'~ P'Yme~1 OF Taxef pue On C(ass 'C' In?ang ble Personat Pro~ertr,~ ~ Pursuani To Chapter 71, 13A, Acts Of 1971. QOUGLAS GIXON, tlerk Circui~ Court, S?. Luc e, Co., F1a Together with all structures and imptovements now and hereafter on said land, and fixtures attached thereto, and all rents, issues, proceeds, and protits accruing and to accrue irom said p~emises, alf ot which are included within the foregoing description and the habendum thereoi; also all gas, steam, electric, water, end othe~ heating, cooking, refrigerating, lightinfl, plumbing, ventilating, irrigating, and power systems, machines, apptiances, 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 detachable. . TO HAVE A(YD TO HOL~ the same, together with all and singular the tenements, hereditaments and appurtenances thereunto betonging or in anywise appertaining, and the reversion and reversians, remainder or ~emainders, rents, issues, and profits thereof, and also all th8 estate, right, title, interest, homestead, separate estate, possession, claim and demand whatsoever, as wel! 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 parcel ihereof unto the sa;d Mongagee in fee simple. And the Mortgagor hereby covenants with the Mortgagee that he is indefeasibly seized of said tand in tee simple; ihat he has full power and lawful right to convey the same irt fee simple as afaresaid; that it shali ba tawful for the Morigagee, at all times peaceably and quietly to entsr upon, hold, occupy, and enjoy said land, and every part thereof; that the land is free from a(I encumbrances; that said MortgaQor will meke such further assurances to prove the tee simple titte to said land in said Morigagee as may be reasonably required, and that said Mongagor does hereby fully warrant !he titls to said land, and every part thereof, and will defend the same a~ainst the lawful claims of all persons whomsoever. PROVIDED ALWAYS, and these presents are executed and delivered upon the Eollowing conditions, to wit: The Mortgagor agrees to pay the Mortgagee, o~ order, the principal sum of FORTY SEVEN THOU3AND AND 00/1 pp Dollars (S 47, 000.00 as evidenced by a note of even date herewith, with interest from ctate at the rate of'1'EA AND OOQ00/i 00000 per centum ( 10.000 per annum on the unpaid balance until paisf. The said principat and interest shall be payable at the otfice ofNBD ~IORTGAGE COIdPANY TROY, uS 48098 or at such other place as the holde~ oi the note may designate in writing, in monthly installments of ~0~ ~RED Ti1ELVE AHD 46/100 Doltars {S 412.46 commene+ng on the first day of SEpl'L[fBgR , 1$7 , and on the tirst day of each month thereafter until the principal and interest are fulfy ~aid, except that ihe final payment of principai and interest, if not sooner paid, shall be due and payable on the tirst day otAUGUST , 2d 7. This form is used in connection with mortgages insured under the one- to four-family programs of the National Ftousing Act which provicfa fo? periodic Mortgage tnsurance Premium payments.. Previous Edilions Are Obsolete I Mreby pnAr ~hst tMS twm a nprodueW ~aacti~r ~s 1a~.~ F!W-8I11pM (6-85 Ednartl wrth tlw~p~s in sp~nr~, ~q lerms r~v~sed purw+nt a M/01~ortqp~~ Una B& 18 ~ /~~T. N~0 YORr6~fi~ CpMNrr • NOC 1656 REV 6i86 Pege 1 of 4 9~~4 - --_._..-........m.~...._ - _ ...,_.~._.__.-_._.~.,..,.,,.,,A.