HomeMy WebLinkAbout1615 'O~
~ This form is used in connection
SU288b with mortgages insured under iM
ons• to lour-lemily provisions of
tM National Housing Acl.
MORTGAGE
THIS MORTGAGE, dated the 7th day of October , A.D. 1980 , by and, between
REGINALD T. FLOYD and BARBARA A. JONES hereinafter
called the niortgagur, and VANTAGE MORTGAGE ASSOCIATES, INC. , a Florida Corporation
a corporation organised and existing under the laws of Florida
hereinafter called the mortgagee.
WITNESSETH, that for divers good and valuable considerations, and alw in consideration of the aggregate sum named in the pro•
miswry note hereinafter described, flee 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:
Lots 1 and 2, Block 2, ANGLEVILLA SUBDIVISION, as per
plat thereof recorded in Plat Book 9, Page 15, 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-
durn thereof: alw 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 alw all
the estate, right, tit{p, 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-
brances; that said mortgagor will make wch further aswrances to prove the fee simple title to said land in said mortgagee as may be reawn-
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 THIRTY NINE THOUSAND FIVE
HUNDRED FIFTY AND 00/100---------------------------- Dollars (S 39, 550.00------)•
as evidenced by a note of even date herewith, with interest from date at the rate of thirteen
per centunt ( 13 per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
ufficeof Vantage Mortgage Associates, Inc., 317 Minorca Avenue, Coral Gables, ;
Florida 33134 ;
,~SeVertoandla82/100 der of the note may designate in writing=in monthly installments o~ll O ~S 4 37n82~ Thirty-)' ~
t ~
~ commencing un the first day of November , It$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 October, 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 hereinbefure provided. Privilege is reserved to pay the debt in whole, or in an amount equal
to one ur more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity:
A~,rideJ, however, that written notice of an intentioQ to exercise'wch privilege is given at least thirty (30) days prior to prepayment.
~ . aooX34O P~GE1615 STATE OF FLORIDA
previous Edition MaY Be Used Until Ezhaustec
HUD•92110M 16-791
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