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HomeMy WebLinkAbout2282 ~ o' , 4'7'(?681 • . . ~ rnie form b uaw In eonnectien with mortgages insured undo tM one` to tour•lamily provisions o1 tM National Houtin9 Act. This Instrument Prepared by: - Stephen C. Frasier. Attorney MORTGAGE P. 0. box 2210 310 Denver Avenue Stuart. Florida 33494 _ THIS MORTGAGE, dated the 19th day of December , A.D. 19 79 , by and, between CLAUDETTE GAUNCE, a single woman hereinafter called the mortgagor, and VANTAGE MORTGAGE ASSOCIATES, INC . , a Florida Corporation . a corporatist organised and exhWtg undei the laws of Florida henlnaRer called the mortgagee. 11R7'NESSE'fH, flat for divers good and vahubk coasideratio~, and ahio in oondderatiaa of the aggregate sum named In the pro- mbsory note hereinafer described, the said mortgagor does hereby grant, bugrsiin, sell, alien, remise, release, convey, and confum unto the said mortgagee all that esrtaht pkoe, putxl, or tract of land of vrhidt the said mortgagor V aoa seised and posscsst:d and in actual poa- aea:ion, situate m the county of ST . LUCIE and Sate of Florida, described ss follows: All of Lot 11 and the North one-half of Lot 12, Block 10, FLORIANA PARK, according to the Plat thereof as recorded in Plat Book 2, at page ~ ~ r:~ 7, of the Public Records of St. Lucie County, Florida . ~ ' _ ' _ - ' - - - f~ ***THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED ~ r~~'r ~ !l FOR THE EXPRESS PURPOSE OF SECURING A PORTION OF ~ _ ' ~ THE PURCHASE PRICE OF THE ABOVE-DESCRIBED PROPERTY. f f 1, - - `I S ~rrc s 56/ 1o V 1~~ F1. ...T T~~ 1 . ~ ~ ' :_:i r_i.::~~ GLEAK gSCWT GGUdT, ST, ltl:.lE CO, FIAT H~ - I Together with all structures and improvements now and hereafter on said land, and-fixtures attached thereto, and all rents, issues, proceeds, and profits accruing and to accrue from said premises, all of which zee included within the foregoing description and the haben- dam thereof; also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting. plumbing, ventilating, irrigating, and power systems, machines, appliances, fixtures, and appurtenancxs, which now are or may hereafter pertain to, or be used with, in, or on i 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 esate, right, title, interest, homestead, dower and right of dower, separate esate, possession, claim and demand whatsoever, as weU 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. - Md the mortgagor hereby covenants with the mortgagee that he is indefeasibly seized 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 put thereof; that the land is and will remain free from all encum- branas; that said mortgagor will make such further assttranoes 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 zee executed and delivered upon the following conditions, to wit: ' The mott or a ees to a the mort a or order the r(nci al sum of ~ Sag Sr P Y 8 Bu. P P ZWenty-eight thousand t~1ree hwtdred and ' 00/100--------------------------------------------------Dollars (S 28,300.00 ) 3 as evidenced by a note of even date herewith, with interest from date at the rate of Eleven and One-half per centum ( 11 .5 96), per annum on the unpaid balancx until paid. The said principal and interest shall be payable at the officxof 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 Two hundred eighty and 45/100--------------------------------------------------p°Ilan(S 280.45 commencing on the first day of February , 1980 ,and on the first day of each month thereafter until the principal and interest zee fully paid, except that the fatal payment of principal and interest, if not sooner paid, shall be due and payable on the fast day of January, 2010 . 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 covenant! as follows: i .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 mote monthly payments on the principal that zee next due on the note, oh fhb first day of any month prior to maturity: i PiovlJed, ho>76evlr, that written notice of an intention to exercise such privilegb is given at least thirty (30) days prior to prepayment.