The URL can be used to link to this page

Home My WebLink About0205The 1liortgxgur hereby co~enanta with the MortgsgeP~ that he ia inde(ea..ibl seized oi said land in fee eimple or such olher ostate~ J any us is stat,ed herein; tha~ he has full po~•er and la~ul right to coD~•ev the same as afaresaid; that, the land is iroe ~rom all eacumbrences except as hecein ot,herw~ise recit~ed; that said l~iortgagur will make such further assurances to provo the efo~esaid tatle to said land in said Mortgagee us may be rcason- sbly required~ end that said Mortgagor Joes hereby fully worrant the title to said land, and every psrt ll-ereot~ and will defeod the same against the lswful clsims of all persons whomsoever. PAOVIDSD ALWAYB Lt1B~ 1~ lIl@ ~~O~E~8g0~ H}IB~I p8p llIItiO ~9 MOi~8g66 Wa1, CB[lslil p!'OII1lSSO1~I DO1~C~ oi ~vhich the foltowing is s substantial coPf~ to wit: = 110,000.00 ~ Stuart , Florida. March 17 , i9 . FOR VALUS KECSIVBD~ the undersigned promise(s) to pay to VANTAGE MORTGAGE ASSOCIATES, INC. , a Florida corporation , , a carporation organiaed and e~dsting under t~e lawe ot F1 orida , or order, the principal xum of ONE HUNDRED TEN THOUSAND AND 00/100-------------------------------- Dollars (i 110,000.00-- ), with interest !rom date at t6e rste of ----- fourteen ----- per centum (--14 %) per annum on the unpaid balance until paid. The s~id principal and interest shali be payable at the office of VANTAGE MORTGAGE ASSOCIATES, INC. , 3131 NW 13th Street, Suite 9, ~ Gainesvi 1 le, F1 ori da 32601 , or at such other plsce as the holder may desigr-ate in vv~n~0/100 delivered or mailed to the debtor, in monthly ~nsceit~,~encs o[ One Thousand Three Hundred Three,dSoIIars (i 1, 303. 50---- ), commencing on the 6rst day of May , I9 $~ , and continuing on t6e first day of each month t6ereafter until this note is fully paid~ except that, if not aooner paid, the fi~al payment oi princapal and interest shall be due and payable on the &rat day oi Apri 1, 201 1. , . Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount o[ one installment. or one hundred dollus (a100.00), wnichever is less. Prepayment in full shall be credited on the date received. Putial prepayment, other than on an installment due date~ need not be credited until the next [dlowing installment due date or thirty days a[ter such prepayment, whic6ever is eulier. If any deficiency in the paymont oi any insGiliment under this note is not made good prior to the due dste of the neat such installment, t6e entire principal sum and accrued interest shnl~ at once become due and ~sy- able without notice st the option ot the holder of this note. Failure to exercise tbis option ahall not constitute a waiver of the right to exerc~se the same in the event of any subsequent default. In the event of default in the payment oi this note, and i[ the same is collected by an attomey at law~ thcs undersigned hereby agree(s)~to psy all costs of collection, including a reasouable attorney's fee. This note is secured by mortgage of even date caecuted bp the undersigned on certain property described therein and represents money actually used tor the acqaisition of said property or the improvementa the:eon. Prt~sentment, protest, and notice are 6ereby waived. __ /s~___ .PAUL WALDINGER _____________ ~~L~ PAUL WALDINGER _1_s/_._~ANICE WALDINGER------------------ [~,+L] JANICE WALDINGER ---- [s~L) ~.---------- ------------- ~SEAL) And shall duly, promptly, and fully perform, discharge, execute, eftc~ct, cumplete, and compl~ with snd abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and of thia mortgage, then this mortgage and the estate hereby created shall cea.se and be null and void. The Mortgagor further covenants as followa: 1. That he will pay the indebtedness, as hereinbefore pmvided. Pmilege is resened to prepay at any time, w~thout premium or fee, the entire indebtedness or any part thereof not less than the amour.t of one installment, or ane hundmd dollars (~100.00), whichever is less. Prepzyment in [ull shall be credited on lhe date received. Partial prepat•ment, othet than on an installment due date, need not be credited until the next folluwing inslallment due date or thirty days after such prepayment, whichever is earlier_ 2. In ordc~r ~nor~ full~- to prot~~t th~~ ;~~~•urit~- of this n~~rt~a~-~•, Uu~ ~fort~e~-~r. to~;Ftl«r w-itl-. an~l in a~i~liti~n t~-, th~ n-onthl~• pe~-nu~nts un~lrr th~ t~rins of th~~ nc-t~~ s~~~•ur~~l h~~r~b~•, on tiit• fint da~~ of ~•n~•h r.~~nt}: until thc sai~l not~ is full~- paid, w•ill pa~- t~- th~~ ~1ort{-a~t~~~, a~ lrust~~~, fuml~•r tli~ t~rn~s ~f lhi; Iru~t as hc~r~~in- niiPT Sfati-ti% Z~ii• ~~i~i0'vi'ili~ ~tiilii: (aj A sum equal to the ground rents, if any, next due, plus the premiums that a~11 nexL becorr~e due and payable on policies of fire and other hazard insurance covering the mortRa~ed property~ plus taxes and asse~sments next due on the mortgaged pmperty (all ss estimated by the ~'Iortgagee and of which the ~iortgaqor is noti6ed) less all suma already paid therefor divided by the number of months to elapse beforc one month prior to the dete when such ground rents, premiums, taxes, and as,gessments will become delinyuent, such suma to be 6eld by Mortgageeintrusttopaysaidgroundrents,premiums,tauea,andapecislassessments. (b) 'I'he ap,gregate of the amounta payable pursuant to subparagraph (s) and those payable on the note ~ecured hereby, ahall be paid in a single payment each month~ to be applied to the following itema in the order etaied: (I) ground rents, ta~ces, assessmenta, fire, and other haaard insurance premiuma; (II) interest on the note eecured hereby; end (III) amortization of the principa) of said note. Any deficiency ifi the smount of such a;-~re~ate monthl~• pavment shall, unles~s made Rood b~ the :~iort- gagor pr~or to the due date o( the next ~uch pa~•men~, constitute en event of default under this rnortga~;e. At ti4ortgngee's option, Mort~agor w~ill pay a"Iate e1,arKe" not exceeding four per centum (4%) of any i~stall- ment when paid more than fittern (15) da~s aRer the due date thereof to cover the extra e i l d i xpense nvo ~e n handling delinquent ~ayments, but such "late chargs" shall not be pa~ able out of t6e procec~ds ot an~- sale w ~~ made to satisfy the mc~ebtedness secured hereby, unless such prcx~eeds are sufficient to discharge the entire indebtedness and all proper costs and exp~nses secured thereby. ~ :3. If th~ t~tal ~f tht~ ~ia~-ni~•nts inncl~• hr tfi~ ~'I~•tgu~~r un~l~r (n) of pare~rap{~ 2 prr~~~iin~ giiell ~xcced ~ ~.y thF ainount of pa~•tn~~nt~ u~•tunll~~ n,e~l~~ h~- tlit~ ltort~:n~~•~•, ac trust~~, f~r Kroun~l r~•nt~, lnx~s an~1 assc~~rnents, and insuran~e pr~~niu~~ic, as th~• rasE~ ri~u.- hc~. su~h ~~r~•~ss shall b~ c•rr~lit~•~1 ~n ~ui,c~~qu~nt pa~•m~nts to b~ made 'n°. b~ the ~tortgu~;~~r for su~•h it~n~s ~~r, ut ~i~rtKn~~~F'~ option, a~ trust~r, shall hc~ r~fun~1~•~l tc- ~tortKa{;or. If, m howe~er, su~r~ uiorithl~• pn~-nu~nts shall n~1 i-c• ~uffi~•i~~nt t~ pa~- ~u~•h it~~ius wt~~n th~ ~aniF shall bPCOme due and pa~st-abtc~, th~n tl~~ `f~rt~n~*~-r ~luill pn~- 1~~ thr ~1~rt~n~;~~~, as sru~te~, an~• aniount ne~~~,sary~ ta make up ~ ' f ~ ~ ~ ~~ f ~ ' ~ lf ( PIIPIPIIP~ . ~ UP 1 ~H~ fi1Pf11 ~ )P 111:1(+P N It1 11~11(1 lllll'1~" ~~SU) /~ilCS ft~IPI' N'i111Pf1 iln(ICf• ~I'Utll t(IP ~10T1g8~,P.C statin~ the amaunt ot the deficienc}~, w•hich notic~ ma~ be gi~en by r:~ail. If Ht an_y tim~ thr :1t~rt~g~or ehal! -~