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This lns:~ n;ont Prepared b!- I~
,.e~heri C. Frasier, Attorney -
P. 0. 13ox 2210 4~~~ This form is used in cartnaction
X10 Denver Avenue with mortpa~s inwrod urtMr lM
Stuart, Florida 33494 ona to tour-family provisions of
the National Housing Act.
MORTGAGE
I
THIS MORTGAGE. dated the oZ~ day of April , A.D. 19 80 , by and, between ;
SAMUEL J. MIT~HELL, JR. and CAMILLE MITCHELL, his wife hereinafter
called the mortgagor, an VANTAGE MORTGAGE ASSOCIATES , INC . , a Florida Corporation, ,
a corporation organized and existing under the laws of Florida
hereinafter called the mortgagee.
WlTNESSETH, that for diver good and valuable considerations, and also in consideration of the aggregate sum named in the pro•
missory note herinafter described, the said mortgagor does hereby grant, bargain, sell, alien, remise, release, convey, and confirm unto the
said mortgagee all that certain piece, parcel, or tract of land of which the said mortgagor is now seized and possessed and in actual pos• ~
session, situate in the county of ST. LUCIE
and State of Florida, described as follows: -
All of Lots .4 acid 5, Block F, on the PLAT OF EDGARTOWN, as per plat oil file
in Plat Book 1, page 160, public records of St. Luce County, Florida= said
lots also being described as Lots 4 and 5, Block 11 (F) of the Assessor's
Map of. the North part of Fort Pierce, Florida, as per plat thereof on file j
in Plat Book 1,-page 164, public records of St. Lucie Cotutty, Florida.
~~ryEp ; IO S. SO . ~ PAYIiS~rT Of TA)lE~
~ 5 CU: CY CL.' SS •C. 1T:TaG C~k Pi.3SDN~L PRlfPfR~Yr - :1 i % _ ~ -
~ ~ fU"5~:.kT TO ti::c.~Tr 4 N-::.4, A%IS AF W71. ~ - TA t~ • t ; .
tXEaK gZCUiT CCt1RT, ST. W:~ CO. _ ; : _ . ~ ~ ~ i. ~J
- - _ -
THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED FOR THE EXPRESS .PURPOSE OF
SECURING A PORTION OF THS PURCHASE PRICE OF THE ABOVE-DESCRIBED PROPERTY.
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, aU of which are included within the forgoing description and the haben-
dum thereof; also all gas, steam, electric, water, and other heating, cooking, refrigerating, lighting, pltunbing, ventilating, irrigating, and
power systems, machines, appliances, fixtures, and appurtenances, which now ar 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 appurtenants thertmto be-
longing or in anywise appertaining, and the reversion and reversions, remainder or remainders, ruts, issues, and profits thereof, and also ail
the estate, right, title, interest, homestead, separate estate, possession, claim and demand whatsoever, as well 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 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 fee simple; that he has full
mower 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 al! encum-
brances; that said mortgagor will make such further assurances to prore 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
against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, and these presehts are executed and delivered upon the following conditions, to wit:
The mortgagor agrees to pay the mortgagee, or order, the principal sum ofFifty-four thousand two hundred
fifty and 00/100---------------------------------------DoUars(554,250.00-------).
as evidenced by a note of even date herewith, with interest from date at the rate of FOUrteen----------------------
per centum F---__-_-___14%), per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
t?fficeof Vantage Mortgage Associates, Inc., 317 Minorca Avenue, Coral Gables,
Florida
car at suc other place as the holder of the note may designate in writing, in monthly installments ofSix hundred forty-two
and 86/100---------------------------------------------dollars (=642.86----------),
commencing on the first day of - June • 19 8 0 . and on the fast day of each month thereafter until the
principal and interest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be_due and payable on
the first day of Syr 2010 .
And shall duly ,promptly, and fully perform, discharge, 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 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 due on the note, on the first day of any month prior to maturity:
ProYided. however. that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment.
Previous Edition May Be Used Until Exhausteo ~ ~ ~ STATE OF FLORIDA !
~P~1t~34 HUD-92111N~A (6-79)