HomeMy WebLinkAbout2576 Ths Mortgagwr hereby ooveeuwts with the Mort~geh that i0 ' land In fee
aim or woo other d asp as is stated henia; tha6 he has toll ~ v the flame j .
as a~nsaid} that i?~s hod 3t bra dram a~tl e~cumlKa~e! esapt as Lee+sin iiw read aaid~o~rt~a~o~e ~
make 1 , to prove ae - - - - ~iis i~, ~~-,a w - ~ ~ ~ r~~ _ - -
~+~q t?d~ t~
+ttiid _ . _ dos~t ~ RArea4i tlW~ io l~o4, tw~o~eey P4~ ~csot•
wit,. t~,afFiti0. j!?!~!+~y~~. _pMa0110 ~~vae.
. Ft!r+ovrttsr Aa*a~ fatal ~f ~ ~efgapo~e ~ ~ ~,to t~t.~aet~~ap~ iii aeiaio praoiw~y seta, at
whioti? firf: ~oll~owio; is s~ twbstaEtt#*t o»py, fp !irit~:
i 29, 500.00 ~ ~ Fort Pierce, lfoeida,
: February 5 ~ 1~0 .
Foa Viwn Rsaievao, flea ~nrdsraipred premise(s) to pyr to VANTAGE MORTGAGE ASSOCIATES,
INC.,. a Florida Corporation
L?ws d Florida ~ a ~ ~ ceder ~
, ar ~ p~p~ rocs d Twenty-nine thousand five
hundred and 00/100-----------------Ddises 29,500.00 h? ~ ~ ~
the rated $Ieven and one-half Pr X1.5 ~ annum as ~ ~P~ p~
Tbs rid ~dpal and iatasst alaaU be pyabie at tlrs a~ee d Vantage Mortgage Associates,.
Inc., 17 Minorca Av@nue.
in Coral Gables, Florida ~ , or at weah oNrer place r fate bolder mtU? designate is weitia~
deiives~ed a msded to Lhe debtAr, is moatb>ir iaeiallmeats d'l~p l~+ed b 35/100- ~s j
(i 2 9 2.3 5 oooonaienoirrg on the Scat dp d . 19 g 0 , aed emtinniag an tbs
Best dad d each month tbee+eatter nntel tbios note is inlb paid, aocespt tout, ii not soo~oer paid, the final p~meot
of prinmpal sad interest shell bs due and p4yabk on the Ent daj of February 2010 .
Prfvilsgs is rssecved to at soy tlme,~,without premium or lee, the satire indebtedness or any part
Nweeat sot >w flow the amoaott of one 1 oeoat Yu~d ioWs (i100.00h w6k6e~e 1s lees. hepprswst is iwU
strsY 6~ asdited oq tbs gets eeosi~ed. tieiW prsps~naseu, ogrse than oa sa last+~arart des dsq, w~sd t~?ot be ardited ~wtil
the eemt tarowi~ lasgifrrrsat firs dots o: tWtf~ days attslr sne6 pespsyarut, wiricb~sc its
Ii aa~ in the payment ad s>~ insert Hader this note ii nit made good prior to tlrs dne date
of the neat arch ' t, the entire sum and accrued interest ~,aU at onus become dns sad pe,~_ .
able without notice at the option of ttis'~ this Hats. Faihms too eaoee+oiea Phis o shall sot aoosNtnts
a waive of the right to ee~erase the am4 in tbre event of any snbssgnent default. In event of default in the
paymeat of this note, sad if the seeds is undeesisded hereby agess(s) to
ptry aII costs of oalleatioq including t? 1
This rote is eiecnnd b7 ~g~s of even date on certain property described
therein sad r+spr+esen4 moasj~M~uaUj ley the improveovsnfs tbeesoa.
Ptrossntmeat, protest. and notice are bereby.~wsived. .'"4" ~ ~i"~`~` ~
/s/ Wil?;e D. Sincle ry,,_ T~r.,[g~y]
WILLIE D. SINGLETARY, JR.
-~Sf .S~rte.NLyn T. _ MrrKi nIIaDtL_ [fleet.]
i
GWENDOLYN L. MCRINNOND
t,eearl
And, shall duly. ~omptly, and fulbr perform, discharge, execute, eQect, oompkte, and comply with sad abide
by each and evee)r the stipu4tioos, agreemeata, oonditiaos, and ooveoanta of e~aid ~omiseory note sad of this ~
mortgage, them thus moctguge sad the estate ber+ebj created shall cease sad be nuQ sad void.
The Mortgagor further eavenants as follonrs:
1. That he will py the ~debtedaees, as hweinbetore pe+ovided. P'rin'letpe is e+eserved to pe+grs~r st anY tip,
without premium or fee, the entire iadebtedcress or any pact thereof erot lace than the amount d ace mstallmeat, or
one huadeed gaffers (;100.00), wbicJrsat It kst. Prepayment ~ tuH :ball be aedited on the date reeehed. Partial
prepaysneat, other ifisa oa as t due date, need not be credited tmtil the next tollawia` iastallnneat due date or
thirty dq?s attar wrb prepaymwt, whichever is earlier.
2. In order more fully to protect the security of this mortgage, the Mortgagor, together with ~snd in
addition to, the monthly payments under the terms of the note secured hereby on tthhe fiest dsy of eac~r month
until the said note is fully paid, wr71 pay to the Mortgagee, as trustee, (under the terms of this trust r herein-
after stated) the following scans:
(a) A sum e4u:1 to the ge+onad ants, if say, erect due, plus the peemiueas that wr~l erezt become due sad payable
on pohaes d one sad other hasaed iasuraace eoverrag the mastgsged ' *.ers and t3s
next due on the mortgaged property (ail as estrmated bar the Mortgagee an~ of which the Moet~goe is
notified) lees all woos ~d~r paid tbee+etor divided by the number at months to befoee one month
prior to the dais wbea rucb 6eound rents, pe+emiua+4 ta~ees, ae?d asesements writ tieeoa~re ddinquedt,
such rases to be bead b7? Mortdrgseintinsttopy?aardgramde+eats,pe~emiums.tases,andspec+alsasesemeats.
(b) The sOge+egste d the assourite purweant to wrbparagraph (s) and those pp on the note secured
~tated•, shall bs paid is a aiyeaeat each month, to bs applied to the fib items is the order
m ~ ~ scud other hasard iueuraaoe premiums;
(In interest an tbs note secured he:sby; and
(III) amcetisation d the pemeipal d said erote.
Any.de6eieeray in the amount of such~~te monthly payment shell, ogees made good b,~? the Mort'
gag~ot prpr to the dos date o[ the next s payment, conatrtute as event of default under the mo
At Mortgagee's option, Mor~~or will pay a •,Lte charge., not ezeeeding four per centum (4~) of any
meat when more thaa ~ftsen (15) da~rs after the due date thereof to cover the extra expeasQ involved in
handling deuent paymenm, but such late charge., shalt not 6s payable out d the penoeeds of any sale
made to satisfy the mdebtedaess secured hereby, unless such proceeds ors sufficient to discharge the ° entire
indebtedness sad all proper costa and eicperres secured thereby.
3. It the total at the payments madt• by the Mortgagor under (a) of paragrapl? 2 preceiing shall a:~oeed
the amount of payments actually made b~• the Mortgagee, as trustee, for ground rents, taxes end assessments,
and insursnce premiums, as the case rosy be, such excess shall be credited on subsequent payments to ba made
by the Mo r for such items or, at Mortgagee's option, as trustee, shell be refunded to Mortgagor. If,
however, sur monthly psyments slra}l not be sufficient to par such items when the same shall become due
sad payable, then the Mortgagor shall pay to the M p~;;ss~~ ~ ~ ~istee, am amount n rryy to mates up
the deficiency. Such payment a}iati be made within tho~hty'Z•'i~ de?11?~d after written notice t~the Mortgagee
atatiag the amount of the de~ficieacy, which notice may be given by mail. Ii at any time the Mortt[sttar shalt