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red ~ This torn is ua.d in connactipn
This Instrutrrent Preps wiM mortpa9as insured under tM
fra~•P' ~'!orneY orN- to four-farniy provisions of
$tep~n C• tt» National Housin9/1ct.
P- O. goX 2210
310 penver Avenue MORTGAGE
Stuart. f{orida •
THIS MORTGAGE, dated the 6th ~Y ~ December . A.D. 19 79 , by and, between _
PEARLIE M. DAVIS and JAMES E. RI::AVES herei~er
called the mortgagor, and VANTAGE MORTGAGE ASSOCIAZ£S INC. , a Florida Corporation
a corporation organized att~ ex~ under the laws of Florida
Iratelttafter called the mortgagee.
WITNF.SSETH, that for divers Good and valuable ooadderatlons, and abo in oos~ideraticn of the aggregate taus tamed is the pro-
miaory note hereinafter deacdbed, the said mortgagor does hereby grant. bargain. call, slice, rerioise, release, convey, and confirm unto the ~
aid mortgagee all that eettaisi Piece. parcel. or tract of land of vnhich the Maid mortgagor is near seized and possessed and itt sctual pos-
session, t3tuate in the county of ST. LUCIE
and State of Florida, described ss follows:
From the Southwest Corner of Lot 31 of Revised
to Plat of HOME ACRES, UNIT NO. 2, run North 103
feet for a Point of Beginning; thence curt East 141.3s
' ~ ~ feet; thence -run North 77 feet; thence run West
y 141.3s feet to the West line of Lot 31; thence
• t ~ r i run South on the West line of Lot 31, 77 feet to
J`r ~ the Point of Beginning, as per Plat thereof on
~j • • ~;•;t' , file in Plat Book 7, page 42, of the Public Records
~a.~ t? a• ; : of St. Lucie County, Florida. RECEIVED t~tyv_ M PAriE1R tTi TAXEi
- - • - ~ DUE ON CL:.SS 'C' IaTlliG`BLE PfR501//1 PROPERTY,
- PUkSURNi TO H!,PTE.'. 71-+::4, 1iCTS OF M)1,
-
• R~IiEA PetTBAS
'.l ~ ***THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUZEDTFOR~ ~ ~J M~
~ THE EXPRESS PURPOSE OF SECURING A PORTION OF THE PUR-
CHASE PRIG OF THE ABOVE-DESCRIBED PROPERTY.
Together with all structures and improvements now and hereafter on said land, and fixtures attached thereto, and all rents, iuues,
proceeds, and profits accnlirlg and to accrue from aid premises, all of whidt are included within the foregoing description urd the haben-
dam thereof; also all gas, Meam, electric, water, and other heating, cooking, refrigerating, lighting, plumbing, ventt7ating, irrigating, and
power systems, madtures, appliances, fractures, and appurtenurces, vrlticlt now sre 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 ame, together with all and singular the tenements, hereditunents and appurtenances thereunto be-
longing or in anywise appertaining, and We 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, 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 pucel thereof unto 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 hu 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 remain free from all encum-
brances; that said mortgagor wr7! make such further assurances to prove the fee simple title to said lord 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 wt71 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 T+aenty-eight thousand five fiur?dred and
o~ioo---------------------------------------------------lollars (s 28, soo . oo
ti
as evidenced by a note of even date herewith, with interest from date at the rate of Eleven and one-half
3 per centum ( 11 .5 96), per annum on the unpaid balance tutt>7 paid. The said principal and interest shall be payable at the
office of Southern Mortgage Associates, Inc., 1999 SW 27th Avenue, Miami, Florida
~ ur at such other place u the holder of the note may designate in writing, in monthly installments of Two hundred a igh ty-
two and 44/100-----------------------------------------~~(s 282.44
commencing on the fast day of January , 19 80 ,and on the lust day of each month thereafter until the
principal and interest arc fully paid, except that the foul 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, discharge, 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:
! . That•he will pay the indebtedness. 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 zee next due on the note, on tits fast 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.
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