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Home My WebLink About1514The Morl~gagor henby, coven~at~ vvith the Mortgagee~ tLat 6e i~ ~nndekaNbl~ seized pf said l~ad in tes aimple or such other estatet J any as is atat~ed herein; that, he haa tull power~nd law[W righ~ to oouvev t~e same as atoressid; t,h~~ the laud u ires ~rom all encumbnnues e~ccep0 as herein otberwise recit~ed; t6at saidl~iortgagor will raake ~uc6 fucther aesuranees b provo the utoresaid titfe to said l~ad i.n aaid Mo~tgagee as m~~ be reason- abl req uircd~ snd th~t said Mortgagoc does heceby fuU ~rursn~ tLe title to said laad, aad ever~ pu~ theroot, au~~rill defend the same agaias~ tLe lawtul claims ot ~ persoas wLomaoever. ~ PROYlDSO AL~I/AYS Lb~L It f,b8 ~10l~i~Or ibiU pL~ 11IIti0 ~ MOtf~~N WiL OM'~iD pl'Omi~O~- DO~A~ O~ which t~he following is a~ubstantial QoPJ. to wt~: i 40,000.00 Fort Pierce .~~lorida. February 12 ,1981 . Foa Vru.vs Rscuvsu, the wnderai~ed pranise(s) to pay to YANTI4GE MORTGAGE ASSOCIATES, INC. , a Florida corporation '~' ~ s oorpo~stion ordanised and eastin6 nnder the 1s~s ot Florida ~~~, ~ p~pw1 ~~- ~ FORTY THOUSAND AND NO/100----- --------------------------------------- Ddlaes (i 40,000.00--- ). ••itb int~rest fe~om date at ~~~ ~ thi rteen and one-hal f~~tu~ (13. 5%) ~~-um on tbe un~id b.Lnoe unW p.id. The eaid principal and interest ehe~ll be payabk at tbe o~'ioe of VANTAGE MORTGAGE ASSOCIATES ~-INC. s Suite 9, 3131 NW 13th Street ~ Gai nesvi l le, Florida 32601 , or at auch other plsce as tiie hdder may dee~u-te in writina delivee+ed or mailed to t6e debtor, in monthly installments oi Four Hurtdred Fifty-Eight & 40/OODo11a~s (= 458.40----- ), commenciag on the Srst d~-y of Md1^Ch , 19 81 ,~ad oontinuin~ oa the firet day oi esc6 month t6ereaiter until thia note ia fully paid~ ezcept that, ii not sooner paid, t6e Sn p~-yment oi principal and interest ahsll be due and psyable on the fusti day oi February , 01.1. privikge is r~aervbd b prepsy at sn~ time~ without premium or fee, t6e entire indabtednees or any par! Wereot not las than t6e amouat ot one iasWlment, or ooe 6uadred dollan (=100.00). wdicbever i~ iess. hrpaymeat in fup ~aq be credited on the date received. Putial prepayment, other than oa an in:tallmeat due date. nad aot be uedited unW t6e aact [diowiaa iastallmeat due date or tb~rty dayt a[ter suc6 peepaymeat. whic6erer 4 eulier. Ii aay deficiency in the psym ent of any inatallment under this note is not made good prior to tbe due date of the ne~ct aucL installment, the entire principal sum and accrued int~ereati shall ~t onoe beoome due and pay- sble vrithout notice st the option of tLa holder oi thia note. Failun to esercise tbis option ehall not oonstrtute s waives of the right to e=ercise the same in the event oi sny subepquent defaul~. In the eveat oi detault in tbe p~yment of this note, snd it the asme is oollected b~ an ~ttorae~ at law, tha undersigned hereby agree(s) to ps~ all eosts of collection~ including a reteonable sttorney's fee. Thia note is eecured by mortgage of even date ezecuted by tha nndersigned on oertain property described therein and represents money actuaUy used for the acquisition oi eaid property or tLe improvementa thereoa. Presentment, pmteat. and notic~s are hereby waived. /~RI~A.~ ' [se~-~,] ~ BARBARA L. ABBOTT j~,~ BARBARA L. ~ [~] ~ • [SSAL] ~ And ahall dul rom tl and fuU rform disch e execute eRect~ com lete and oom 1 with and abide ~ Y.P P Y, YPe . ~B, ~ P - PY ' ~ by esch and every the stipulations, agreements, oonditiona, snd coveasnts of said Promissory note and of thie ~ mortgage, then t6ia mortgage and the estste hereby created ehsll cesae and be nuU and vad. V The Mortgagor further covenants as followa: 1. That he ~rillpa y the iadebtedneas, sa hereinbefore provided. Privilege ia reserved to prepsy at any time, j without premium or fee, the entire indebtednees or unq part thereof not lees than the umount of one installment, or ~ one hundred dollars (;100.00), w6ichever is less. Prepayment in [uU s6aU be credited on the date receired. Partial ; ° prepryment, other than on an installment due date~ need not be credited unW the next [ollowing installment due date or ~ ~ t6irty days after such prepayment, whichever is eulier. } ~ 2. In order ~norP fulh• to protect the se~urit}• ot this mort~a~e, the Mortga~or, logether with, and in t addition to, the ~nonthlr pa~•ments under thP terms of tiie note sp~urcKi h~reb~, on the first da~ ot each rnonth E until the said note is full~• paid~ wil) pa~• to thr tiort~a~ec~, as trustPC, (undPr tt-e t~rms of this tru.gt as herein- a(ter stated) U-e folloKing sums: ~ (s) A aum equal to t6e ~ound rents, if aay, next due, plua the premiums that will ne:t beoome due aad payabk ~ on poGcies of fire and other 6sssrd inaurance oovering the mortgaged property, plua taxes and assessmenta $ next due on the mortgaged property (all aa estimated by t6e Mortgagee snd of which the Mortgagor ia i noti6ed) lese all aums already paid t6erefor divided by the number of months to elapee before one month ~ prior to tbe date ~rhed such ground renta, premiuma, taxea, aad aeee~maita will become delinqueat, ! euch eums to be hdd by Mortgageemtruattopeyeaidgroundrents,premiuma,tauea,andspecisls~nenta. ~ (b) The aggregste of t6e amounts pa able purauaat to aubparagraph ~a) and tboeepayable on t6e nole aecured 6ereby, shsll be paid in a~ PsYmeat eacb mont6~ to be sppl~ed to tbe f~lo~ving items ia the ordet ~ ' atated ; (I) ground rmte, tauee, aaeeasments, fin, aad other hasard insursnce premiums; ' (II) intereat on the note eecured hereby; aad (III) amortisation of t~he priacipal of anid note. Any deficiency in tbe amount ot such a~gre~ate monthly psyment shall, unless made good by the Mortr gagor pr~or to the due date of the next such psyment, const~tute an event of defsult under thia mortgage. ~ At Mortgagee's option, Mortgagor will pay a"late chsrge" not exceeding four per centum (4°Jo) ot sny install- id more th t wh n Sft ft th d th (15) d d t f t th t i l d i ' men en pa a een sys a er e ue a e ereo o cover e ex rs expense nvo ve n Q, E handling delinquent psyments, but such late charge ,shaU not be paysble out of the proceeda oi sny sale ~,-- ` i made to satisfy the 'indebtedness secured hereby, unless such proceeds are sufficient W d~scharge t,he entire ?" ~ ~ indebtednes~s snd aU proper costs snd eapenses secured thereby. ~ 3. If tl~e lotal af the pa}-ments ma~~ h the Mortgugor under (e) of para~rnph 2 prPCedinq ahall exceed ~ . ~ the amount o( pa~•ments actuuli~- niad~ t,~- t ie ~tort~agee, as truslec, for Kround rents, taaes and as.aes`ments, ~ and insur~nce premiwiis, a.4 th~ ~ase ma~= be, such eacess shsl) lM ~redite~l on subsequent pevments to be made ' ~ ' bv the Mortga~;or for su~h items or, ut ~tortgn~PP s oplion, e.g trustee, shall be rPfunded to Mortgagor. tt, h - ,~ ;. owever, such n~onthl~ ps~ ments shall not t,c~ suffi~•ient to pa~• su~h items when the same aha11 become due ~ and pa~•able, then tlie 1~1ort~aRor shall pu~• to th~ ~iort~ter, ss ttustee, an~- amount necessarv to make up ~J'1 the de~icienc}•. Such pa~•ment shall t~ n~~~1e v-ithin thirt~ ~:30) ds~-~ after w-ritten notice from the Mortgagee ~ ststing the amount of the deficiency, which notice may be given bv msil_ I( st any time the Mortgagor ehsil -~ - ~,~~.~ _ ,_ _ .,.._ . . _. _. s -. - • Y °~ --.,-,.>_ ~ _