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THIS INSTRUMENT PREPARED BY:
ZULEMA PENSADO
FIRST ATLANTIC MORTGAGE CORPQRATION
12515 N. Kendall Drive, Suite 124
Miami, Florida 33186
- (5pace ADo~e This Liec Ebr Recardiag Uata1
FHA Case No.
5tate of Fiorida MORTGAGE 094-2329755-703
THIS MORTGAGE ("Security Instrument") is given on January 24 , 19 90 .
The Mortgagor is GARY F. SELDEN and SANDRA M. SELDEN, his wife
,
~~hose address is 215 - 2nd Court, Palm Beach Gardens, Florida 33410
,("Borrower"). This Security Instrument is given to
FIRST ATLANTIC MORTGAGE CORPORATION
,
~ti~hich is organized and existing under the laws of THE STATE OF FLORIDA , and whose
_ addressis 12515 N. Kendall Drive, Suite 124, riiami, Florida 33186
("Lender"). Borrower owes 1_ender the principal sum of
SEVENTY THOUSAND SIXTY FIVE AND NO/100------------------------------------------------~---
' Dollars (U.S. $ 70, 065. 00 This debt is evidenced by Borrower's note dated the same date as this Security
~ Instrument ("Note"), ~vhich provides for monthly payments, with the full debt, if not pai~d earlier, due and payable on
f February 1, 20~0 . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced
~ by the Note, with interest, and all renewals, extensions and modiCcations; (b) the payrnent of all other sums, with interest,
; ad~~anced under paragraph 6 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
and agreements under this Security Instrument and the Nate. For this purpose, Borrower does hereby mortgage, grant and
~ convey to Lender the following described property located in ST. LUCIE
E
f County, Florida:
!
~ Lot 6, Block 1755, Port St. Lucie Section Thirty Five, according
j to the Plat thereof, recorded in Plat Book 15, Page(s) 10 and l0A
~ through lOP of the Public Records of St. Lucie County, Florida.
~
~
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_ DOCUMENTARY~ _STAMP "~t~X ` ! ; Covnty
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~ ~vhich has the address of 2450 S.W. Webster Lane, Port St. Lucie, ~s?rze~, ~~iy~~,
~ Fiorida 34953
~ [ZIP CodeJ, ("Property Address");
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~ TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances,
's
rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the
property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred
to in this Security instrument as the "Property."
BORROWER COVENANT'C that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage,
grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
and will defend generally the title to the Property against aU claims and demands, subject to any encumbrances of record.
1. Payment of Principal, interest and Late ChA~ge. Borrower shall pay when due the principal of, and interest on, the
debt evidenced by the Note and late charges due under the Note.
~
' 2. Monthly Payments of TAxes~ Insur~nce and Oiher Charges. Borrower shal! include in each monthly payment, together
with the p-incipal and interest as set forth in the Note and any late charges, an installment of any (a) ta~ces and special assessments
icvied or to be levied against the Property, (b) leasehold payments or ground rents on the Property, and (c) premiums for
insurance required by paragraph 4.
Paqe I oj 4 FHA Plorida Mortgage - 6%89
~-4FIFL1 ea~~ Vi~~P MORiGAGE FOR?+15 • i313!'[33 81pQ ~ ~$p~15~ ~ 729? G~ ~
' a~~ 675 053
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