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SU,903S
MORTGAGE
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This lorm ii used in connactien
with monSapq insured under IM
our Io four-lamiy provisions of
tM Ptational Nousinp AN.
THIS MORTGAGE, dated the 17th ~Y ~ November . A.D. 1980 , by and, between
DONAL M. BREACH and CHERRY 1. BREACH, his wife hereinafter
called themortgagor,and VANTAGE MORTGAGE ASSOCIATES, INC., a Flgrid corporation
, a corpontIon orgartized and exhtiag under the laws o~ F 1 or i da
hereinafter called the rnortgaggee.
WR1t1F.SSETN, that for divers good and vahtabk caarideratlons, and sbo fn onstdderatioa of the sggsegate sum named in the pro-
ntissory note hereinaRer described, the aid mortgagor dae: hereby grant, bargain. sell, alien, remise, ukase, convey, and confirm unto the
said mortgagee all that oertairt pkoe, parcel, or tract of land of which the said mortgagor 4 Hour salad and possessed and in actual pos-
sestion. situate is the county of St. Lucie
and State of Elodda, described a: follows:
Beginning at the Northwest corner of Lot 256 of the Subdivision of WHITE
CITY, as per plat thereof on file in Plat Book 1, Page 23 of the Public
Records of St. Lucie County, Florida, run South 180 feet; thence East 33
feet for Point of Beginning; thence continue East 282 feet; thence South
141 feet; thence West 282 feet; thence North 141 feet to Point of Begin-
ning, lying and being in Section 10, Township 36 South, Range 40 East.
THIS IS A PURCHASE MONEY FIRST MORTGAGE EXECUTED FOR THE EXPRESS
PURPOSE OF SECURING A PORTION OF THE PURCHASE PRICE OF THE ABOVE-
DESjCRIBED PROPERTY. /
f ~ ~ ~ , Received a 1~ ~ ~ D In Payment of Texett
vl ~ Oue On Class "C" Intangible Personas orop•-tr.
owsuant To Chapter 71. 134. Acs Ot ' g~
ROGER POITRAS ~~.
' ~ ~ Cimy Circuit Court, St. Lucie, Co.. FIB.
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 ue included within the foregoing description and the haben-
dum 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 ungulu the tenements, hereditament: and appurtenances thereunto be-
longing or in anywise appertaining, and the reversion and reversions, remainder or remainders, rents, iswes, and profits thereof, and else all
the estate, rig~tt, title, interest, homestead. dower and rig~tt 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 thereof, with the appurtenances of the said mortgagor in and to
the same, and every part and pucel thereof unto the said mortgagee in fee simple.
Md 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-
brancxs; that said mortgagor wtgl make such turther aasurantxs to prove the fee simple title to said L-nd in said mortgagee as may be reason-
ably required, and that said mortgagor does hereby fully warrant the tick to said land, and every part thereof, and wt71 defend the same
against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, and these presents arc executed and delivered upon the following conditions, to wit:
The mort r ag~rrees to yy the mortgagee, or order, the principal sum of
FIFTY SEVEI~HOUSAND ~IFTY AND QO/100--------------------------- Douars(557,050.00--------- ).
as evidenced by a note of even date herewith; with interest from date at the rate of ----------- thirteen -------------
per centum ( --------- 13 - 96), per annum on the unpaid balance until paid. The said principal and interest shall be payable at the
offs of Vantage Mortgage Associates, Inc., 317 Minorca Avenue, Coral Gables, Florida 33134
or at such other place as the holder of the note may designate in writing, in monthly installments of $iX Hundred Thirty-One
and 54/100------------------------------------------------------ DoQan(S 631.54---------- ).
commencing on the first day of January , 1981 ,and on the lust day of each month thereafter until the
principal and interest arc fully paid, except that the fatal payment of principal and interest, J not sooner paid, shall be due and payable on
the first day of December, 2010.
Md shall duly ,promptly, and fully perform, dischuge, execute, effect, complete, and comply v`~th 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 cxase and be null and void.
Md the mortgagor further covenants a: follows:
1. That he will pay the indebtedness, u hereinbefore provided. Privilege is reserved to pay the debt in whole, of in an amount equal
to one or more monthly payments on the principal that ue next due on the note, on the fast day of any month prior to maturity:
Provided, however, that written notice of an intention to exercise suit privilege is given at least thirty (30) days prior to prepayment.
''~~4~ ~~~~ X53
Replaces Form FHA-2110M, which is Obsolete BUSK STATE OF FLORIDA
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