HomeMy WebLinkAbout0933Tbe Mortge-fiur l~ereby coveuauts witw the 4iorl~;u~;ec~~ that he is inde(ee~ibls~ scized ot said land in fce
aimple or such other e.+tate, J any us is stated herein; tt-s~ he h~.y tull pow•er and law1Ul ~l~;bt t0 COqYCV llie sxR-e
aa afaresaid; lhat the lund is free ~rom all encumbrunces except as herein otherwise recil.ed; tLat said biortgx{;ur
will make such further assurancea to provo the aforesuid iille t,o said land in said Mortgagee us may be re~on-
abiy required~ and l,het said bZortgagor docs hereby fuUy warrant the tit,le to said laud, aud every part thereot,
and will detead the same against t,he lswiul clsima of all peraona whomsoever.
PROVinsn ALw~YS that if the ~1o~tgagor shall pay unto t6e lblortgagee that ce~tain promi.ssory note, of
w~hich the tollowing is a substant,ial copp, eo wic: Fort Pi erce ,~orida.
i40,600.00 March 20 ~ 1981 .
FOli VALU6 KECElYSD~ the underxigc~ed promi~e(s) to pay to VANTAGE MORTGAGE ASSOCIATES, INC. ,
a Florida corporation - . . • ~ •
' ~ a oorporation organired ~-nd e~dsting under t6e
ls~ve ot Florldd , or order, ihe principat sum of FORTY TNOUSI~ID SIX HUNDRED AND
00/100-------------------------------- Dollars (i 40,600.00--- ), with iaterest from date et
the rate of ----- fourteen ----- PPr centum (__14 %) per annum on the unpaid balence until paid.
The said principal and interest ahall be payable at the office ot VANTAGE MORTGAGE ASSOCIATES, INC. ,
3131 NW 13th Street, Suite 9,
in Gai nesvi l le, F101"ldd 3260~ , or at such oth~r pl~ as the holder may deaigr-ate in writing
delivered or mailed to the debtor, ia monthly ;nsc~11~~-eoes ot Four Hundred Eighty-Orle & 11 /100nollars
(= 483 .11----- ), commencing on the first day of May , 19 $~ , and continuing on the
first dsy ot each month therealter until this note is fully paid, eacept that, if not sooner paid, the final payment
of principal and inLerest shall be clue and pepable on t6e first day oi Apl^11 , 2011. , -
Privilege is rescrved to prepay at any time, without premium or fee, the entire indebtedneag or any part
thereo! not less than the amount of one installme~t, or one hundred doliars (a100.00), whichever is less. Prepayment in full
shall be credited on the date received. Partid prepayment. other than on an instaliment due date, need not be credited until
the next toUowing instaliment due date or thirty days after such ptepayment, whichever is earlier.
If any deficiency in the payment of any instxllment under thia note is not made good prior to the due date
oi the neat such installment, the entire principal sum and accrued 'u,terest shxll at ouce become due and pay-
able without notice at the option of the holder of this nof,e. Failure to exercise this option aLall not consUtute
s waiver oi the right to eaerc~se t6e same in t6c ovent of an~ subsequent default. In the event of default in the
psvment of this nute, and it t6e same is collected by an attorney at law, the undersigned 6ereby agree(e) t~o
psy all cosis of cullection, lIICIU(~lI1P, 8 I'C8SGI1BbI@ BL~OIII@D's fee_
This note Lq secured by mortgage of eren dale eaccuLed by the undersigr~ed on certain property described
therein and represents mone3 actually used for the acquisitiou of said property or Lhe improvomenta the,reon.
Presentment, protest, aud noticP are 6ereb~• wai~ed.
s ____JAMES W,___GOUGHLER _____
----~-1 --------- [s~-Ll
JAMES W. GOUGHLER
_./_Sl___ DIMlNA Ll--S'iQUS~HI.ER------------------ [s~r-L]
DIANNA L. GOi1GHLER
------ ------------------------ [s~-L)
- ----- [SEAL]
And shall duly~ promptly, and fuliy periorm, discharge, execute, ef~ect, complete, and compl~ with and abide
by each and every the stipulations, aRreements, conditions~ and covenants of said promissury nute and uf this
mortgage~ then this mortgage and the estate hereby created shall ~;ease and be null and void.
The h~ortgagor further covenants as [ollows:
1. 1'hat he wil! pay the indebtedness, as hereintx~fore provided. Privilege is resen~ecl to prepay at an}• time,
without premium or fee, the entire indebteclness or any pprt thereof not less than the amount of onP inst~ument, ar
~me• hundred dollars (~100.00), whichecer is Iess_ Prepacmenl in full shall be cmditc~ on the date re•cei~•ed. Partial
prEpayment, other than on an installment due date, n~tid not be credited until the next follawing installment due dale or
thirt}~ days aRer such prepayment, whichever is carlier.
2. In e-nlFr morv• full~- t~~ prot~•~•t th~~ ~~~~•urit~- uf tlii~ niort~a~f~, thi~ \1~rt~;ey:~rr, t~ke~th~•r w~it}~. an~l i^
~~i~i~~~~,-, ~~~, th~~ ~n~nthl~- pa~-n~e•nts un~l~~r tlir tt•r-n~ ~~f tii~• n~rt~• s~~~•urt~~l h~~rr~l-~•. nn t}-~• fir.t ~l~~.~ ~~t ~~xc•h rnnntl~
until th~~,ui~l n~~t~~ is full~• ~~ui~l, w-i!I p:~~~ ti~ th~~ ~i~rrt~::i~~~~•, n~ tru;tt•r. !u~~~l~•r th~~ t~•rr~~. ~~f thi; tru~t ~~; I~rrr•i-i-
aft~•r stet~•~I) th~ fulloH-in~ sunis:
(a) A ai~m equal ta t6e qround rents, if any, next due, plus thP premiums that R-il! next become due and payable
on policies of fire and other hazard ins~~rance covering the mortRa{Zed pruperty, plu~ taxes and a,5~s~mcnis
next due on the mortga~ed pruperty (all as estimated by the ~'(ort~aqc~ and of which the A!ortqa~or is
notified) less all sums alrc•ady paid therefor divided by the number of months to elapse betore ~ine month
prior to the date when such ground rents, premiums, taxe~, an~i as5essments will bec~,me de!inquent,
such sums to be held by M ortgage.e in t rust to pay said qround rents, pre:niums, taxes, and spc cial sLSSevment~~.
(b) The a~regate of the-amo~nts paynble pursuant to subparaf-raph (a) and those payable on the note secured
hereby, ehell be paid in a single payment each month, to be applied to the fullowing items in the order
atated :
(I) ground rents, taues, assessmente, fire, and other hazard insurance premiuma;
(II) interest on the note secured hereby; and
(III) amortization of the principal of said note. -
Any deficiency in the amount of such a~~r~•~atP monthl~ pa~•ment shall, unl~ss me~1~ ~ood b}• the ~fort-
ga~;or pr~or to the due date of tl-e n~xt su~l- pa~•m~•nt, ~•onst~lut,P an ecent o( d~fault und~r this rnort~a~e.
At 11ort~agee's option, Mort~a~or will pa}• a"late char~e" not e~ceeding four per centum (4°,~0) o! any install-
ment w~hen paid more than fitte~n (! 5) dn~•~ a(t~r th~ duF ~1ate thereof to cover the extra expFnse involced in
handling delinquent pavments, but such "late charg~" shall not be pa}~able out of the pra~~•e~s ~f en~~ sale
made ~O 38~13~Y the ~n.~ebtedne~s secured hPret~~•, n~iless su~h praceeds are sufficient to dischar~e (}IP Pntire
in~ebtednrss and sll proper custs and exp~~nscs se~ured ehereby.
3. If th~ t~tnl af tlit~ ~in~-u~~~:~t, niiui~• t-~• tht• ~1ort~.~u~;~rr unil~•r in) ~~f ~-ara~.•~s~ph 2 pr~v•evl~nk shall t•x~~ed
tlu• an-nunl ~-f pa~•in~~nts e~•tu.~llr n~n~l~~ t~~- th~~ ~1urt~;a~-r~•, as trusl~~~•, f~~r ~r~~un~l r~~nt~. tax~~ ami assr~~:rn~nts,
end insuran~•c pr~~n~i~~~n~. ii~ !h~~ ~•f~•~• ~na~~h~•, ~u~•li rx•~~~ss sl~all h~~ ~•ri~~tit~•~1 ~~n sul,.~~~~i:r-~1 px~•nu~nts to b~ ma~l~•
bt• tt~~ ~1~rtKa~;~~r f~r ,u~•I~ it~ni~ ~~r. ut ~l~n~u~~~r'~ uptimi, as trust~~~~. s;iall bF~ r~~fun~l~•~I t~~ ti1~-rt~a~or. If,
how-~•~~~~r, su~}i nionthl~~ pn~~m~•~~~~ ~!~~II n~~t l~~~ ~ufli~~irnt t~- px~- ~u~•h it~~rn~ w•hi~n ti~~ ;a~n~ s1~a11 b~comF du~•
and pu~•ablP, th~n th~~ ~1c-rt~ak~~r .i::~ll 1-a~- ~~~ ti„• ~inrt~-n~ec. us trust~~~•. nt-~- ~un~~w~t n~~•~•:~ar~~ to make up
tltF defi~•i~~n~~-. tiu~•?- pa.in~~nt ~I~~+ll !-~~ nia~l~ Witi~in tLirlv (:iU) r1n~•a uft~r w•ritt~•n nnit~•~• from the ~'[ort~a~Pe
statin~ thr amount of th~ defici~nc~-, ~shich noti~r~ rna~ be ~iven b}~ mail. If at any tim~ th~ ~1~rt~a~~r eh~-II
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