HomeMy WebLinkAbout1361 F~
Tltis Instrument Prepared bY~ 495"763
Stephen C. Frasier, Attorney Thts torn rs usb ~n connection
P. 0. Box 2210 with tnort~sgas insured under tt>•
X10 Denver Avenue ot>?- to tour-fsmttr provisions of
Stuart, Florida 33494 thra Nsttonst ttousinq Ad.
MORTGAGE
Tt11S MORTGAGE, dated the 8th day of August , A.D. 19 80 , by and, between
STEPHEN H. NASH and SARAH W. NASH, his wife, hereinafter
called the mortgagor, and VANTAGE MORTGAGE I~S~OCIAT$S, ~N~ . , a Florida
, a curpuratton urgantze and extshng un r e laws of Florida
hereinafter called the mortgages.
WITNESSETII, that for divers good and valuable considerations, and alw 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 tmto 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:
Lot 21, Block 523, PORT ST. LUCIE SECTION TEN, according
to the plat thereof as recorded in Plat Book 12, Page 49,
of the public records of St. Lucie County, Florida.
THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED FOR THE EXPRESS
PURPOSE OF SECURING A PORTION OF~THE PURCHASE PRICE OF THE ABOVE-
DESCRIBED PROPERTY.
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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-
dum thereof; also all gas, steam, electric, water, and outer heating, conking, refrigerating, lighting, plumbing, ventilating, irrigating, and
power systems, 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-
lunging or in anywise appertaining, and the reversion and reversions, remainder or remainders, rents, issues, and profits thereof, and also all
rite 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
s and parcel thereof unto the said mortgagee in fee simple.
t And the mortgagor hereby covenants with the mortgagez that he is indefeasibly seized of said land in fee simple; that he has fuU
~ power and lawful right to convey the same in fee simple as aforesaid; that it shall be lav?ful 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 frce from aU encum-
~ Frances; that said mortgagor will make such further assurances to prove the fee simple title to said land in said mortgagee as may bereason-
~ 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 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 NINE THOUSAND FOUR HUNDRED FIFTY-------------- Dollars (S 49,450.00----
t
as evidenced by a note of even date herewith, with interest from date at the rate of eleven and one-half
per centum 11.5 7~)• Per annum on the unpaid balance tirttil paid. The said principal and interest shall !~e payable at the
orficeof VANTAGE MORTGAGE ASSOCIATES, INC., 317 Minorca Avenue, Coral Gables,
~F ~~s~t`~t~`~ter place as the holder of the note may designate in writing, in monthly installments of
FOUR HUNDRED NINETY AND OS/100--------------------- DoUars(S 490.05------
. untmencing un the first day of September , 19 8 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
the first day of August, 2010.
And shalt duly ,promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide by each and every the
stipulations, agreernents, 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: -
I .That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal
f to nne nr more monthly payments on the princi al that are next due on the note, on the first day of any month pilot to maturity:
/'r.~rided, however, that written notice of an intt~stion to,eYercists well pt~vilege is given at least thirty (30) days prior to prepayment.
l.R~ PrCE~~ STATE OF FLORIDA
Prev/ous Edition May ee Used Until Exhausted gL~ « NUD-92110M 16-79)