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This form is uNd in conMCtipn
with mon9a~aa insured under tM
This Instrument Prepared by' one- to tour-famiy proviaiona of
Stephen C. Frasier, llttcrney iM National Housing Act.
P. eoX 221° MORTGAGE
310 Denver Avenue
Stuart. Florida 33x94
THIS MORTGAGE. dated the 2 6th day of November A.D. 19 7 9
by and, between
GARY A. PETTIT, a single man, and ELMER E. PETTIT tx CONSTANGE H. PETTIT, his wife, hereinafter
called the mortgagor, and VANTAGE MORTGAGE ASSOCIATES, INC. , a Florida corporation
a corporation organized sad existing under the laws of Florida
hereinafter called the mortgagee.
WITNESSEI'Ei, that for divers good and valwbb cousideratlons, and also Lt oott:ideratlon of the aggregate sum named in the pro-
mhaory note hereinafter described, the said mortgagor does hereby grant, bugaia, sell, alien, remise, release, convey, and confum unto the
said mortgagee alt drat eartaia piece, parcel, dr tract of Laud of which the said mortgagor is sow stlzed and pouessed and in actual pos-
session, situate m the county of MARTIN
and State of Florida, described as follows:
~ Lot 72, SKYLINE PARK SECOND ADDITION, accord-
07 ing to the plat thereof, filed March Ii, 1959
i ~ • and recorded in Plat Book 3, page 109, Martin
~ County, Florida public records,
***THIS IS A PURCHASE MONEY FIRST MORTGAGE
EXECUT~D FOR THE EXPRESS PURPOSE OF SE-
CURING A PORTION OF THE PURCHASE PRICE
OF THE ABOVE-DESCRIBED PROPERTY.
Recetved e ~ ~ ' ~ In Paymsrtt Of Ttsrna
qua On Crass "C" IntanpiblePersonelprop+.ty,
• ! pursuant TO Chapter 71.134, Arta QI >>i71,
n i ROGER POITR/4$ ~ ~i~'
, rarrra Crreutt COtr
?t. St. Lucis. Co., Flt...
Together with all structures ud improvements now and hereafter on acid land, and fixtures attached thereto, and aU rents, issues,
proceeds, and profits accrring and to accrue from said premises, all of which ue included within the foregoing description and the haben-
dum thereof; also all gas, steam, electric, water, and other heating, cookir?g, refrigerating, lighting, plumbing, ventilating, irrigating, and
power systems, machines, appliances, 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 AND TO HOLD the same, together with all and singulu the tenements, hereditaments and appurtenances thereunto be-
longing or in anywise appertaining, and the reversion and reversions, remainder or remainders, rents, issues, and profits thereof, and also all
the estate, right, title, interest, homestead, dower and right of dower, sepuate estate, possession, claim and demand whatsoever, as weQ 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 pucel thereotunto the said mortgagee in fee simple.
And the mortgagor hereby covenants with the mortgagee that he is indefeasibly seized of said land in fee simple; that he has fuU
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 free 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 put thereof, and will defend the same
against the 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 mortgagee, or order, the principal sum of Thirty -four thousand six h u n d r e d
i f tY a;.d 00/100-----------------------------------------Dollars (S34 , 650 .00
as evidenced by a note of even date herewith, with interest from date at the rate of E 1 e ve n and one -h a 1 f - - - - - - - - - - - - -
per centum ----11 1/ 2 -•96), per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
office of Southern Mortgage Associates, Inc., 1999 SW 27th Avenue, Miami, Florida
or at such other place as the holder of the note may designate in writing, in monthly installments ofThree hundred forty-
three and 38/100---------------------------------------~llars(S 343.38
commencing on the fret day of January , 19 80 ,and on the first day of each month thereafter until the
principal and interest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and payable on
the first day of December, 2009 .
And shall duly ,promptly, and fully perform, dischuge, execute, 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
created shall cease and be null and void.
And the mortgagor further covenants as follows:
1. That he wiU pay the indebtednc:s, u hereinbefore provided. Privilege 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 due on the note, on the fiat day of any month prior to maturity:
P?ovided, however, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment.
_ iiR~~ STATE OF FLOfiIOA