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The Mortgagor hereby covenants with the Mortgagee, that he is indetaawbl~ ol~ said land in fee
simple or such other estate! zt any ae is stated herein; that he hsa Lull power and lawwfful right to coovev the same
as aforesaid; that the lsad zs free ~rom al! encumbrances except as herein otherwise recited; that said~lortgagor
will make such further assurances b prove the aforesaid 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,
send will defend the same against the lawful claims of all persons whotnsoever.
PaOV1D$D ALNAY6 that if the ?1lortgagor shall pay unto the Mortgages Wet oertaia promissory note, of
which We following is a substantial Dopy, to wit: .
i 4 9 , 500.00 Fort Pierce , 1:7orida
October 24 ,1980
Fez; VALUS Rscsrvsu, the undersigted promise(s) to pay to VANTAGE MORTGAGE ASSOCIATES ,
INC., a Florida corporation
a corporation ozgauised and existing under the
laws of Florida , or order, the principal sum of FORTY NINE THOUSAND FIVE -
HUNDRED AND 00/100---------------- Dollars (149,500.00- wiWz interest from date at
the rate of thirteen P~ ceatum (-13 P~ annum oa the unpaid balance until paid.
The said principal and interest shall be payable at We office of Vantage Mortgage Associates, Inc.
317 Minorca Avenue
is Coral Gables, Florida 33134 , or st such other place as the hdder may designate in writing
delivered or mailed to the debtor, in monthly installments of FIVE H[~ID»D FC~1'Y~VII~T & 96/OOD~?m
(i 547.96---- commencing on the first day of December , 19 80, and ooatinuing on the
first day of each month thereafter until this note is fully paid, except Wat, if not sooner ppaid, We final payment
of princzpal and interest shall be duo and payable on the first day of November, ZO10. ,
privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part
thereof not leas than the amount o[ one iri:<illment, or one hundred dopara (=100.00), whichever is less. Prepayment in full
shall be credited on the date received. Partial prepayment, other than on an irutaUanent due date, need not be credited until
the next following installment due date or thirty days after such Prepayment, whichever b earlier.
If any deficiency in We Pa men! of any instalLnent under this note is not made good prior to We due date
of the next such installment, the entire princzpal sum uzd accrued interest shall at once become due and pay-
able without notice at We option of We holder of this note: Failure b exercise this option shall not oonstttute
a waiver of the right to exercise We same in the event of any subsequent default. In the event of default in the
payment of this note, and if the rime is collected by an attorney at law, the undersigned hereby agree(s) to
pay all costs of collection, includwg a ressonsble attorney's fee.
This note is secured by mortgage of even data executed by the underBigrzed on certain property described
iLerein and represents money actually used for_ the acquisition of said property or the improvements thereon.
Presentment, protest, and noticfs are fiereby waived. -
/s/ Brian Moss ~~l
BR
/s/ Bonnie Moss
BONNIE MOSS'
[mil
I~ 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.
j The Mortgagor further covenants as follows:
1, -That he will pay the indebtedness, as hereinbefon provided. Privilege is reserved to prepay at any time,
without premium or fee, the satire indebtedness o_r any part thereof not less than the amount of one installment, or
one hundred dollars (;100.00), whichever is less. Prepayment in full shall be credited on the date received. Partial
prepayment, other than on an installment due date, need not be credited until the next following installment due date or
thirty days after such prepayment, whichever is earlier.
2. In order more fully to protect the security of this mortgage, tl?c Mortgagor, together with, and in
addition to, the monthly pay ments under the terrns of the note secured hereby, on the first day of each month
until the said note i.4 fully paid, will par to the Mortgagee, aF trustee, (under the terms of this trust as herein-
after stated) the following suuzs: ~ _
(a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable
on policies of fin Bad other ba:ard insurance covenng the mortgaged property, Plus taxes and assessments
. next due on the mortgaged property (all as estimated by the Mortgagee and of which the Mortgagor is
notified) less all sums already paid therefor divided by the number of months to elapse before one month
prior to the date whey such ground roots, premiums, taxes, and assessments will become delinquent,
such sums to be held by Mortgageeintrvattopaysaidgroundrents,pr~emiuma,ta:es,andspecislassessmenta.
(b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable oa the note secured
der, shall be paid is a single payment each month, to be appbed to the fallowing items in the order
(I) ground ants, taxes, assessments, fin, and other basard insurance premiums;
t (II) interest on the note secured herby; sad
(III) amortisation of the principal of said note.
Any deficiency in the amount of such aggre~
gate monthly payment shall, unless made good by the Mort-
gager prior to the due date of the next such payment, constitute an event of default under this mortgage.
At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centum (4%) of any install-
men! when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in Q, (
handling delinquent pay menu, but such "Isle charge" shall not be payable out of the proceeds of any sale
made to satisfy the zndebtedness secured hereby, unless such proceeds are sufficient to discharge the entire '"~7Q
indebtedness and all proper costs and expenses secured thereby. 1
3. If the total of the payments made b,• the Mortgagor under (e) of paragraph 2 preceding shall exceed ~ l
the amount of payments actually made br the biortgaRee, as trustee, for ground rents, taxes and sasesaments,
and insurance premiums, as the rase mar be, such excess shall be credited on subsequent payments to be made ''a
by the Mortgagor for such items or, at Mortgngee's option, a.4 trustee, shall be refunded to Mortgagor. It, Syi
however, surh monthly payments shall not Ix~ suffi,•ient to par surh items when the carne shall become due ~.r,
? and payable, then the Mortgagor shall pay to thr Mgrtgagr~•, a4 trustee, any amount necessary to make up
~ the deficiency. Such payment shall be merle v0ithin t irty (:i0) days after written notice from the Mortgagee ~
stating the amount of the deficiency, which notice may be given by mail. If at any time the Mortgagor shall
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