HomeMy WebLinkAbout2482 'O~
4b'Sbi9~; This corm i, used In oonnectipn
with mortppas insured unde? tM
This Instrument Prepared Dy: _ one- to tour•tamiy provisions of
Stephen C. Frasier 4!torney tM National Housin4 Aet.
P. Box 2210 MORTGAGE
310 Denver Avenue f
:Stuart, Florida 33494 ~
THIS MORTGAGB, dated tM 30th .dsAy of Novetnb er , A.D. 19 79 , by and, between
V CT R L. TAYLOR d ALIgA G~ TAyLOR~ hiS wife hereinafter
t~ mortgagor,aad VA~~AC~ MOR'i`GAGS ASSOCIAZES, INC., a Florida Corporation
a oorpotatloa orgtaized sad exiatiag under the lawn of Florida
hereinafter called the mortgagee.
NRINFSSETH, that for dives good and vatusbk txxtsideradons, and abo fA oondderation of the aggregate strm Honed in the pro-
miaory note hereiaaiter described, dte said mortgagor does hereby grant. bargtiu, sell, albn, remise, release, convey, sad confirm unto the
:aid mortgagee all that oertaia pkoe, parcel, or tract of Wtd of whidt the :std mortgagor 4 aow seined and possessed and iA actual pos-
session, sitwte io the county of ST.. LUCIE
and State of Florida, descxibed as follows:
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The South 35 feet of Lot 3, and the North 40 feet ~ ~:~;ti~
of Lot 4, Block 3 of WILBUWE SUBDIVISION, as per ~ i
plat thereof on file in Plat Book 6, at page 24 of :•J ii
the Public Records of St. Lucie County, Florida.
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**THZS ZS A PURCHASE MONEY FIRST MORTGAGE
EXECUTED FOR THE EXPRESS PURPOSE OF SECURING
A PORTION OF THE PURCHASE PRICE OF THE ABOVE-
DESCRIBED PROPERTY.
Together with all structtues and improvements now sad hereafter on acid land, and fixtures attached thereto, and all rents, issues,
proceeds, and profits accruing and to accrue from said premises, all of which an included within the foregoing description and the haben-
dum thereof; also all gas, steam, electric, water, sad other heating, cooking, 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 singular the tenements, hereditaments and appurtenances thereunto be-
~ longing or in anywise appertaining, and the reversion and aversions, remainder or remainders, rents, issues, and profits thereof, and else all
the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, as well 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 thereof unto the acid mortgages in fee simple.
Md the mortgagor hereby covenants with the mortgagee that he is indefeasibly seiud of said land in fee simple; that he has full
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 amain 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 part thereof, and will defend the same
against the lawful claims of all persons whomsoever.
i PROVIDED ALWAYS, and these presents an executed and delivered upon the following conditions, to wit:
The mortgagor agrees to pay the mortgagee, or order, the principal sum of Thirty -one thousand eight h u n -
dred and 00/100----------------=-----------------------~ollars(S 31,800.00
i as evidenced by a note of even date herewith, with interest from date at the rate of E 1 e v e n and one -h a 1 f - - - - - - - - - - -
per centum ( 11.5 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 of Three hundred fifteen
i
and 14/100 ----------------------------------------------dollars (s 315.14
commencing on the fast day of January , 19 80 ,and on the lust day of each month thereafter until the
I principal and interest are fully paid, except that the final payment of principal arfd interest, if not sooner paid, shall be due and payable on
t the lust day of December, 2009 .
And shall duly ,promptly, and fully perform, discharge. execuu, 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 case and be null and void. _
Md the mortgagor further covenants as follows:
1. That he will pay the indebtedness, as 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 fast day of any month prior to maturity:
Provided, however, that written notice of an intention to exercise such privilege is given at least thuty (30) days prior to prepayment.
5`L~ PaG~4~ STATE OF FLORIDA