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HomeMy WebLinkAbout0707 This Instrument Prepared by: • THIS Ild3TiitI4Fldr IS BiEIl~1G RE-R8001'~9 TO SSW Stephen C. Ff~asler. Attorney THB OaiFtDG~ WHDCH ~ ~S ~ ~ ~ ~ ~ P. 0. Box 2210 A QL]~II~ This form is utta0 in connection X10 Denver Avenue Y0V v with mortpa~s inwrad under tM Stuattr Florida 33494 .one- to four-famiy provisions of tM National Housing Act. MORTGAGE THIS MORTGAGE, dated the 27th day of May . A.D. 19 $0 , by and, between JEAN K. HUNT, a single Woman hereinafter called the mortgagor, and VANTAGE MORTGAGE ASSOCIATES, INC. , a Florida Corporation a corporation organized and existing under the laws of .Florida hereinafter called the mortgagee. WITNESSETH, that for divers good and valuable considerations, and also in consideration of the aggregate sum named in the pro- missory note hereinafter 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 seiud and possessed and in actual pos• session, situate in the county of ST . LUCIE and State of Florida, described as follows: Lot 162, Phase I, Holiday Pines, according to the plat thereof, as recorded in Plat Book 18, page 16 and 16A through 16D, of the Public Records of St. Lode County, Florida. . - o THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED FOR T~~~RESS PURPOSE OF SECURING A PORTION OF THE PUR- RICE OF THE ABOVE-DESCRIBED PROPERTY. _ - _ - . • t ~ ~ Reserved S In Payment of Taxes due on Class 'N - C Intangible Perscn~l Prepe::y pursuant to Clvptcr 20724. c-. c _ _ - - Laws of Fbrida, Acts of 1541. _ v + Clerk ct Grcua Curt Indian River County, Florida ~ ~ ~ ~~Deputy Cluk 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 are included within the foregoing description and the haben- uuol thereof: alsv a!1 gas, sham, electric, wait:, and other heating, ct;oking, t~f^b rating, lighting, plurttbing, ventilati.*:g, irriga*.ing, and power rystems, machines, appliances, fixtures, and appurtenances, which now are 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 appurtenances thereunto be- l~mging or in anywise appertaining, and the reversion and reversions, remainder or remainders, rents, issues, and profits thereof, and also all tt~e 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 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 part thereof; that the land is and will remain free from all encum- hrances; that said mortgagor will make such further assprances to prove the fee simple title to said land in said mortgagee as maybe reason- ably required, and that said mortgagot does hereby fully warrant the title to said land, and every part thereof, and will defend the same :~eainst the lawful claims of all persons whomsoever. , PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit: The mortgagor agrees to pay the mortgagee, or order, the principal sum of Forty thousand and 00/100-------- -------------------------------------------------------Dollars(540,000.00-------), as evidenced by a note of even date herewith, with interest from date at the. rate of Eleven and One-half------------ ~r centum (-----------1150, per annum on the unpaid balance until paid. The said principal and interest shall be payable at the~j.. v' „ritceofVantage Mortgage Associates, Inc., 317 Minorca Avenue, Coral Gables, ~°oi Florida 33134 c3o~ ~ ~~r at such other place as the holder of the note may designate in writing, in monthly installments of Three hundred ninety- a0 six and 40/100-----------------------------------------Dollars (5396.40---------~;:~ , eummencing on the first day of July . 19$ 0 ,and on the first 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 rte; the first day of June, 2010. i~0 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: t 1. That lie 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: /'roviJeJ. However, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment. t~.r ice:. STATE OF FLORIDA i Previous Edition MaY ~ Used Until Exhausted` d~~ P~ ~ HUD-92111NN (6-79) - .