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Home My WebLink About1746 ~ _ ~ _ _ .T___----------- --z- . . _ _ - ~ Ths Mortgagor her+eb~ ooveaants with the Mortgagee, that hs is ~ land is fee ernn~ele os such other estates aR1? v is stated her+eia; that hs has toll po to v the same as aioreeaid; that tie land m fiat ~rnm aU eneumbcanoes esoept as lzereio o 'tad; ~ortgsgor wiD make such further sasgrarioss to prow tbs afor+eeeid title to said land is said Mortgagee av moat' bs rr~eqquteed, dad fiat said a[ortgagor does hereby !u~ ~rarrant the title to said land, and req part it~hareof, will def tha same againat.thu leewdvl ~ o~i ~ pereans.Rho~tiyoever. which 46s lolb ALw `thsw~~t ~Moct~aror sieD py? unto tips Mortgages fiat oartaio promi¦aoty note, o[ ~ ~ spy. to wit: i 69,900.00 Port St. Lucis~~ February 4,19 80• Fore Vi?ws Rsesevaay the undasipaed promise(s) to pt' to VANTAG$ MORTGAGE ASSOCIATES, INC., a Florida Corporation a eoeporation oeganised and eaietiog ceder tie laws of Florida , a order, the priacipsi sum atSixty-nine thousand nine hundred and 00/100----------------~dlan 69, 900.00), ~ from dam ~ the rate of Eleven and one-half per oeatum (11.591'0) pm ~ ~ napai<l balance until paid. T~ said sad intere.t.hu ~ ~ ~ osAoe ~ Vantage Mortgage Associates, Inc., 317 Minorca Avenue ~ Coral Gables , Florida , ~ ~ suds o~ P1aee as the bolder may designate in writing delivered or mailed to the debtoit, in monthly iastallnueats dSix hwc>dred ninetyrt~o 6 7]./100-,D~ollais (i 692.71 ~ oommeacing on the firs da~? at March , 19 80 , sad eontinuiag ~ ~ feat dad of each month thereafter until this note is fully paid, aoeoept thaty if not sooner paid, the final p~~meut of piri~epal and interest ehaL be due and payable on the first day d February 2010 . Privilege is reserved to prepay st any time, without premium or fee, the entire indebtedness or any part thsatot not lee than the an~o~uet of oae leeetiilla~wat, of oas hnadad dollaes (;100.00), whicbewc ie leer. it+spe~raent in f4U stiaU be credited ass tM date reoeied. ttratial prepayawnt, other tbaa on as iastatimtat due daft. seed not b credited antil the next fo@owing inert dw dote of ti~rty drys attar ~b peept~ymaet, whicba~et i~ ese1M:. Ii sill debaeaa~? in tbe~ ~ment of auy insts~llment unde~c tits note is not made good prior to the due date of the nest such mstdlaQen tba entu+e sum end acaued iater+est shall at once become due and Fal?- able without notice at the option of the ldsr of this note, Failure to a:eroise thu option aleall not ooaetrtats a waiver of the right to ezerciss tie acme is the evenbt~oi any subsequent default` In the event of detanlt in the payment of this note, and if the same fs oolleeted an attosney at law, the nndere~gned harsby age+ee(s) to pal all costa of collection, including a reasonable attorney's fee. This rote is secured by M even date eaecuted by the undersigned on certain property described therein and repraeats money ac used for the acquisition of said property or the improvemeata thereon. ~ f 1'r+eaentoneat, protest, sad notice are hereby waived. Lsl Frederick J. Keller FREDERICK J. REELER fy~ ['7 arc B _ Rel. 7 er t~~ CLARA B. REELER [~.l And shall dolt', promptly, and fatly perform. discharge, execute, effect, eompkte, sad oonipty with sad abide by each and ever). the stipuLtioos, agr~eem~t~, eoaditioos, and covenants of said note sad of ttvs mortgage, they this mortgage sad the estate crested shall canoe and be cull void. The Mortgagor further oovenaats ss follows: 1. That be will gay the indebtedness, as her+eiinbefore provided. Pritn'{ege is reserved to prepay at any time, without pcrnnium or fie, the Mire indebtedness or say part thereof not lees than the amount o[ arse iastsilmmty or oae hundrrd dotlaa (;100.00), whichever ie less. Pi~epaymait iA tug abaft be credited on the date receired. partial prepaprment, other than oa an indailment due date, need not be credited until the next following insWUnent due date or thirty days after such prepaymaet, whichever is earlier. 2: In order more fully to protect the security of this mortgage, the Mortgagor, together with, end in ; addition to, the montht~ paynienta under the terms of the note secured hereby on the fast day of each month until the said note is tu~ly paid, wiU pay to the Mortgagee, as trustee, (under the terms o[ this Lrust as herein- , after stated) the following awns: ~ (a) A sum e~wl to the ground Teats, if any, nest due, plus the premiums that wilt newt become doe sad payable on pdieies a[ fire sad other hasard insurance covering the mortgaged property plus taxes and aaaeeaanerits next due an the mortgaged property (all as estimated the Mortgagee an~ of which the Mortgagor is notified) lees all sums ~ paid therefor divided b7 ~ number of months to bdoro one month prior to the date when suel? p+onnd rents, premiums, taxes, sad aaseeRneats leeorae delinquent, rude anmato be held ti7r Moetgegeeiatrnattopaysaidgroundrents,premiums,taxet,aads{recislaesese~rneata. (b) Tree aggregate at the amounts pa pursuant to subparagaeph (a) and those pa oa the note secured hsenbr, shill be paid is a single payment each month, to be applied to the f~ items in the order t m ~ ~ ~ .na other haaud ;aatiraaoe premiums; (in interest on the note eeaired hereby; sad (un am«tisation of the priaapal of said note. Any deficiency in the amount of such aggregate monthly ~aymeat shall, unless made good bey the Mort- gsgar prpr to the due date of the next such gsyment, constitute sa event of default under this mort~gage. At Mortgagee's option, Mortgagor will pay a "late charge" not ezceeding four per centum (4°Jo) of say install- ment when paid more than ffftbea (15) da~gs otter the due date'thereof to Dover the extra expense involved in fondling d uiquent payments, but ouch `late charge" shall sot be payable out o! the proceeds o! any sale made to satisfy the indebtedness secured hereby, uriless such proceeds are sufficient to dischuge the eatiro indebtedieeas and sU proper costs and expemea secured thereby. 3. It the total of the pasinents made b,,• the Mortgagor under (a) of paragraph 2 preceding ahaU ezceed the amount of payments actually made b~• tl'e MottRsgee, as trustee, for ground rents, taxes and asseeamer?ta, and insurance greniiunui, as the case may be, such excess shall be credited on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor, -I!, however, such monthly payments shall not be suffirient to pay such steins when the same slisll~ become doe end pa~?able, then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make up ~ the deficiency. Such pa}•ment shall be made within thirtX (;30) d~~:alter written notice from the Mortgagee