HomeMy WebLinkAbout2275 I
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This loan is used In Oonnactipn
This Instru with mort9a0as insured under iM
Ste ment PfePared by: one- to tour-tamiy provisions of
Phen C. Fr~~~e• Attorney tMNationalHousingAct.
P• 0. Box 2210
310 Denver Avenue MORTGAGE
,stuart~ Florida 33494
THIS MORTGAGE, dated the 20th ~,y ~ December . , A.D. 19 79 , by and, between ~
THELMA PETTIGREW and THELMA M. GRIMES, joint tenants with rights of survivorship hereinafter
called the mortgagor, sad VANTAGE MORTGAGE ASSOCIATES, INC. , a Florida Corporation
a corpotatioa organized sad exhtiug under the lawn of Florda ~
heteiaafter called the mortgalgee.
WITNESSETH, that for divers good sad valuable conddetattoas, sad abo is ooadderatlaa of the aggregate sum named in the pro- {
misaory note hereinatter described, the said mortgagor does hereby grant, bargain. sell, alien, remise, release, convey, and confirm unto the
nId mortgagee all that certain piece, parcel, or tract of lead of whidt the :aid mortgagor L aosv seized and possessed and in actual pos-
sesaioa, situate in the county of ST. LUCIE
and State of Florida, described as folloviR:
Lot 268, Sheraton Plaza, Unit Four, Replat, ,
according to the Plat thereof as recorded in
Plat Book 16, page 18 of the Public Records
of St. Lucie County, Florida. ~
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**THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED
FOR THE EXPRESS PURPOSE OF SECURING A PORTION OF - of
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THE PURCHASE PRICE OF THE ABOVE-DESCRIBED PROPERTY. L
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CL.SK G::~U:T GGUki, Si. L'J:.iE CO., t1A.,•M -
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M Together with all structures and improvements sow and hereafter on said land, and fixtwes attached thereto, and all rents, issues,
proceeds, and profits accruing and to accrue from said premises, all of which are included within the foregoing description and the haben-
4 dum thereof; also all gas, steam, electric, water, and 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 reversions, remainder or remainders, rents, iuuea, 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 is 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 said mortgagee in fee simple.
~ And the mortgagor hereby covenants with the mortgagee that he is indefeasibly seized of said land in tee 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 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 part thereof, and will defend the same
F against the lawful claims of all persons whomsoever.
! PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
t The mortgagor agrees to pay the mortgagee, or order, the principal sum of Twenty thousand and 00/100- - - - - - - - - - - -
E -------------------------------------------------------pollars(S 20,000.00
as evidenced by s note of even date herewith, with interest from date at the rate of Eleven andone-half------------------- `
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 One hundred ninety-eight
and 20/100-----------------------------------------------.Dollars (s 198 .20
commencing on the first day of February , 19 80 ,and on the first day of each month thereafter until the
principal and interest are fully paid, except that the fmal payment of principal arrd interest, if not sooner paid, shall be due and payable on
the first day of January, 2010.
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And shall duly ,promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide by each and every the
t 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 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 dtu on the note, on the first 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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