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This form ie uNA M oonnacti0rt
r with mort9paa insuro0 urNNr t1N
oM- b four-hmiyr provgions of '
tha National Nousirtp Aq.
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MORTGAGE
THIS 11tORTGAGB, dried the 28th ~Y ~ December , A.D. 19 79 . by md, betwaa
RO I. CARRIGAN and SADIS L. CARRIGAN, his wife heninaRer
~ m• and VANTAGE MORTGAGE ASSOCIATES, INC., a Florida Corporation }
• a oorpaatioa apnined and existing under the lams of Florida
hereiaafl~er tailed the moctpgee.
WITNESSETH, that fa divers good and vatwble oottsideratiotts, and abo ~ oostaideration of the rjpregate sum named in the pro.
missory note hereinafter described, the said cttortgr`or does hereby pant, berpin, sett, alien, tame, rektae, convey, and coo6rrrt unto the
Bald mortpgee all that osrtait piece, parcel. or tract of Lnd of stltich the said atortptor b gem seized and possessed and in sctwl poa-
tesdon, sitwte m the county of ST. LUCIE
and State of Florida, dsscribed ss follows:
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Lot 1, Block "K,° MARAVILLA ESTATES, as per plat t
thereof recorded in Plat Book 8, page 77, Public =ir'
Records of St. Lucie County, Florida. .1 -
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a**THIS IS A PURCHASE MONEY FIRST MORTGAGE EXDCUTED ~ ~ `!i~
FOR THE EXPRESS PURPOSE OF SECURING A PORTION Op' - T T,_~
THE PURCHASE PRICE OF THE ABC7VE-DESCRIBED PROPERTY.
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?1~ ~ P1JitSUAOi TO - ~{AIiEL 7t-t3Tr ACTS Of MJt, - - ~
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Together with all structures and improvements now and hereafter on said land, and fixtura attached thereto, and alt rents, issues, ~
proceeds, and profits accrwng and to accrue from said premises, all of whidt are induded withia the foregoing description and the haben- f
dam thereof; also all gas, steam, electric. water, and other heating, cooking, refrigerating, lighting, plumbing, ventt7ating, irrigating, and '
power systems, machines, appBances, fixtures, and appurtenances, which now are or may hereafter pertain to, or be used with, in, or o0
said premises, even though they be detadted or detadubk.
TO HAVE AND TO HOLD the scone, together with all and sirtgttlar the trnrnnnts, hereditaments and appurtenances thereunto be-
longing or in mywise appertaining, and the reversion and reversions, rernairtder 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 demmd whatsoever, as well in
law as in equity, of the said mortgagor in and to fire same, and every part thereof, with the appurtenances of the said mortgagor in and to
the same, and every part and pacer thereof uato the :aid mortgsgee in fee simple.
Md the mortgsgor hereby covenants with the mortgagee that he is iadefeast~ly seized of said land in fee simple; that he has full
power and lawful right to convey the tame in fee simple as aforesaid; that it shall be lawful for the mortgagee, at all times peaceably and
quietly to rnter upon, hold, occupy, and enjoy said land, and every put thereof; that the land is and will remain free from all encum-
brances; that said mortgagor vn71 make such further assttrmees to prove tlm fee simple title to said land in said mortgagee as may be reason- ~
ably required, and flat said mortgagor does hereby fully wurmt tht tick to said laud, and every part thereof, and vv71 defend the same
against the tawfW claims of all persons whomsoever.
PROVIDED ALWAYS, sad these presents are executed sod delivered upon the following catdidons, to wit:
The mortgagor agrees to pay the mortgagee, or order, the principal stun of Thirty-one thousand eight hundred dol-
lars and 00/100 -----------------------------------------..pow (S 31, 800.00 ) ;
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as evidenced by a note of even date herewith, with interest from date at the ratK of Eleven and one-half
Per centtun ( 11.5 per annum on the unpaid brlmoe untt~ paid. The said principal and interest shall be payable at the
office of Southern Mortgage Associates, Inc., at 1999 SW 27th Avenue, Miami, Florida
or at such other place as the hdder of the nou may designate in writing, in monthly installments of Three hundred fifteen &
14/100------------------------------------------------~ollars(S 315 14
c ~mmencing on the fast dsy of February • 19 80 • and on the fiat day of each month thereafter untr~ the {
principal and interest are fatly paid, except that the fuel payment of principal and interest, if not sooner paid, shall be due and payable on
the first day of January, 2010. F
Md shall duly ,promptly, and fully perform, discharge. execute, effect, complete, and comply with and abide by each and every the
stipulations, agreements, conditions, and oovenauts of said promissory note and of this mortgage, then this mortgage and the estate hereby 's
created shall cease and be null and void. '
Md the mortgagor further covenants as follows:
I .That he will pay the indebtedness, as hereinbefore provided. I'rirt~lege is reserved to pay the debt in whole, or in an amount equal
to one or moro monthly payments on the principal that zee next due on the note, ae the first day of any month prior to matwity:
Aovidtd, however, that written notice of an intention to exercise such privt7ege is given at kart thirty (30) days prior to prepayment.