HomeMy WebLinkAbout0803 io_ E
s - , + This forT is uso0 in oonrtactia+
with mortpapes insured under tM
or+o- to lour-fatuity provisions of
' , ~ tM National Mouainp Act.
MORTGAGE ,
THIS MORTGAGE, dated the 6th day of October , A.D. l9 80 , by and. between
SIMEON J. RHODES and BETTY J. RHODES, his wife hereinafter
called the mortgagor, and VANTAGE MORTGAGE ASSOCIATES, INC. , a Florida corporation
a corporation orgaNzed and exhting under the law: of Florida
hereinafter called the mortgtgee.
WITNESSETH, flat for diver: good and valwbk considerations, and also in consideration of the aggregate sum named in the pro-
missory note hereinafter described, the said mortgagor does hereby grant, bargain. seU, alien, remise, release. convey, and confirm unto the i
said mortgagee all that certain pkce, parcel, or tract of lord of which the said mortgagor is now seized and possessed and in actual pos-
session,situate ill the county of St . Lucie
and State of Florida, described as follows:
Lot 232, SHERATON PLAZA, UNIT THREE REPEAT, according to
the Plat thereof as recorded in Plat Book 16, Page 12 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 PURCHP.~E 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, F
p<<~eeds, and pmfits accruing and to accrue from said premises, all of which are included within the foregoing description and the haben- -
dam thereof; also all gas, steam, electric, water, and other heating, cooking, 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-
{ longing or in anywise appertaining, and the reversion and reversions, remainder or remainders, rents, issues, and profits thereof, and also all
j the estate, right, title, interest, homestead, dower and right of dower, 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 thereo[, 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 u and will remain free from all encum-
brances; that said mortgagor wt11 make such further assurances to prove the fee simple title to said land in said mortgagee as.may be reason-
ably required, and that said mortgagut does hereby fully warrant the title to said land, and every part thereof, and will defend the same
against the lawful claims of all persona whomsoever.
PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to aril:
The mortgagor agrees to pay the mortgagee, or order, the principal sum of -
TWENTY SEVEN THOUSAND THREE HUNDRED AND 00/00------ Dollars (S 27,300.00-----
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as evidenced by a note of even date herewith, with interest from date at the rate of thirteen----------------------
- per centum 13 per annum on the unpaid balance unW paid. ?he said principal and interest shall be payable at the
~~fficeof Vantage Mortgage Associates, Inc., 317 Minorca Avenue, Coral Gables,
~ ~.r ai s~itctrlother pla3ix ai he holder of the note may dc~gnate in writing, in monthly installments of Three Hundred Two
~ and 21/100------------------------------~----~------ Dollars (5302.21--------
commencing on the ftrat day of November 1980 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 October, 2010. .
And shall duly ,promptly, and fully perform, discharge, execute, effect, complete, and comply with and abide by each and curry the
stipulations, agreements, conditions, and covenants of said promissory note and of this mortgagr, !hen this mortgage and the estate hereby
created shall cease and bs 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
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:
Provided, howerrr, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment.
g~= P~ ~ STATE OF FLORIDA
Repl~oes Form FHA•2111)wA, which is Ot~sobt~ VVV • HUD•92110M (12-78)
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