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Home My WebLink About0918 ~a. ~ `PLo ~tort~;x~un c~reby covensnta wilh tl~n I11or'c;s{;o~, thst~ he ia ind~feaaiUly s~i.zed oi eaid lend in fe~ ; eunplo or ~uch otbc~r c.~lnto~ ?t sny sa ia alatc~l Gorein; tliat, t~e h~ full pow•er and I~wiul righ~ o~~tvey ~.t~o san~e . aa wt~~resaid; that the lund is lre~e ~rom all encucnbrances excopt ss t~e~oin otherwis~ recit.ed; t~at said 111ort~e~;or will n~ake such further aa~urances to pro~o tho aforesaid t.i~le ~,o sai;3 :snd in aaid I~iort~agee3 us may bo rensou- ~?bly requi~ed, and that said riortgagor cloes hereby fully wa~rsnt the ti~le Zo said Isnd, snd every part lheroot~ and will detend the sa~ne against t,he lawlul clsima ot all porsona wha~nso4ver, ' Paav~o~~ Auw~Ya that it tlie Atortgagor sh~?ll pay unGo the Mortgagee 4hat, ce~t$in promisaory nota, oi ~vhich t,he foUowing is ~ eubatantisl copf~ to wit: ~ = 9 5, 0 0 0. 0 0 S'i' UART , Fiorid~, DFCEMBER 7 , lg 82 . FOR YALUE RECEIVZD~ the underaigned proruise(s) to pay to . VANTAGE 1MORTGAGE AS~OCIATES, INC. ~ , a oorporation organi~d aud e~dsting under the ~~8 of THE STATE OF FLORIL~r order~ the principal sum of NINETY FItT~ THOUSAND AND NO/100----------------------- (t 95, 000 .00 w~ith inter~st trom date st the rate of TWELVE per centum ( 12 ~Jo) per annum on the unpaid bslance until paid. The said principt?1 and interest ahall be payable at the office of Vantage Mortgage Associates, Inc. 3131 N.W. 13th Street ;n Gainesville, Florida 3?601 , or at such other ~lace as the holder mey deaignat.e ia delivered or mailed to the debtor, in mont.hly inst~~llments ofNine Hundred Seventy Seven ~~00 (i 9 7 7. 18 commencing on the firat day of JANUARY , 1$ 8 3, aad continuing on the first day of ench month thereafter_until thia note is tully paid, eacept that, ii not eooner psidr the final payment of principsl and interest shall be due and payable on the first day of DECEMBER 2012 , . ~ Privileg~e is reserved to prepay st any time, without premium or fee, the entire indebtednesa or any psrt thereof not less th~n the ~mou~t of one insti!lmen:~ or one hundred dollus (a100.00)~ whichever is less. Prepayment in [ull shall ba crs~dited on the date received. Putlal prepayment, other than on an installment due date. need not be credited until - the next following installment due date or thlrty days s[ter such prepayment, whichever is eulFnt. ~ If sny deficiency in the psyment af any installment under thia note is not made good prior to the due date. of the n~xt auch instdllment, the entire princapal sum and accrued interest ahall at once become due and ~ay- sble without notice at the option of the holder oi thia note. Failure to eaercise this option ~hsll nQt oonatatute s waiver of Lhe right to ex9rcise the same in the event of eny subsequent default. In the event~ of default in the payment of this note, and if the seme ie collected hy an attorney a.t iaw; the e.indersigned hereby agree(e) to pay all coste of collection, including a reasonable attor~?ey's fee. This note ia secured by mortga~e of even date eaecuted by the und~rsigned on oertain property described therein Rnd represents money actua~ly used for the acquisition of said proporty or the improv~enLa thereon. ~ i asentment, protest~, nnd notice are hereby waived. . ` s~Jerr~V. Cain ~i~L] ~~~s/Jerry V. Cain [s~+vl s1Ma~rcie G, Cain . s/Marcie G. Cain . - .w~_~_ [s~?L] And shall duly, promptly, and fully perform~ discharge, execute, eftect, complete, and comply with an~ abide by each and every the stipulations, agteements, ~onditions, and covenants of ssid promia~tory note and of thia 'I ; ~nortgage, then this mortgage and the estate hereby created shall cease and be nul~ and void. _ I;~ The Mortgagor further covenants as followa: ~ 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedneas or any part thereof aot less than the amount ~f one inat,allmQnt, or ` one hundred dollars (~100.00), whiche~er is less. Prepayment in [up shall be credited on the date recei~~ed. Partial ~ . prepayment, other than on an installment due date, need not be credited until the nexE [ollowing installment due date or thirty days after such prepayment, whict~ever is earlier. _ i 2. In order inore fLll~• to protect t1~e securil~' of this mortgage, thc ~fartgagor, together with, and in f additiun ta, the ~nonthl~• pa~'ments under th~ terms uf thc~ note srcure~t 1?ereb~•, an the first ds~• o[ cac)? i~~onth until tl?e snid not~ is full~• paid, Kill pA~• lo the tiiortgng~e, as iruslee, (under the terisis of this trust es herein- after stated) the followi~ig sums: - ~ (a) A aum equal to the ground rents, if any~ next due, plus the premiums thst will next become due and payable r on policies o€ fire aud other hazard insurance covering the mortqaged property, plus taxes an~ asse,ssments next due on the mortgaged pmpert,y (all as estimated by the jiortgagee and of which the Mort.~agor is noti6ed) lesa all sums already paid thetefor divided by the number of months to elapae before one month ~ prior to the date when such ground rents, preniiums, taxes, and as.gessments will become delinquent, such sums to be held by Mortgageeintrusttopaysaidgroundrents,pre[n~ums,taxes,andspec'salas~essments. ; (b) The aggregate of the amounts payAble pursuaat to subparagrapt-, (a) and thase payable on the note secured ~ ~ hereby, ah~ll be paid in a single payment each month, to be applied t~o the following items in ths order i stated : - . - - k .(I) ground rents, ta~ces, assessments, fire, and other 6azard ir.surance premiuma; (II) interest on the note secured hereby; and _ . - • (III) amor;,ization of the principal of said note. ~ ~ ` Any deficiency in the amount oi such a.Rgre~ete monthly payment shall, unless made good by the Mort- gegor pryor to the due date of the next such pa~~men~, constitute an event of default under this mortgage. At b4ortgagee's option, ~Iortgsgor will pay a"late cl~arge" not eaceeding four per.cent,~~m (4%) of any~ install- 3 ment whenpa id more than Sfteen (15) days after the due dnt~ thereof to cov~r the extra expense invol~ed in -o ' x ` handling delinquer~t payments, but such "tate charge" shall not be payable out of the proceeds of any sale ~ ~ made to satisfy the ~ndebtedness secured hereby, u~iless such proceeds ere sufficient to discharge the entire ~ 4 indehtedness and ail proper costs and expenses secured thPreby. - - . y~ ~ . s 3. If the total ~t th~ pa~-in~nts n~nd~ hJ- th~ ~lortgagor undc~r (a) o( pnragrnph 2 precedin~ s;~all ~xceed ~ F the amount ot pa}•mcnts actuAll~- r~~a~l~ b~• tile \1ott~;a~ee, us trustce, for groun~l rents, taxcs and assessments, ~ and insurance pre~niwiis, as th~ case mnr b~, such excess sl~sll be credit~cl on sut~sequent pavtnents to be mAde ~ ~ bti• the ~'Iortga~or for su~l~ ire?ns or, nt ~tortgn~c~e's option, ns trustec, shell be r~funded to tio~tgegor. If, ! howe~er, suc}i ~nonthl~• pa}•ments sliall not b~ sufii~~i~nt to pa~- su~h itrins when the sa?ne shall L•ecome due and pa~•able, then tlie ~fort~a~or s)iall pnt• to th~ ~tort~n~;e~~, ns trustee, nn~- an?outit ne~essar~• to make up - ~ the dr~iciene~•. Surh pa~•rn~nt sliall b~ ~i~arle witiiin tliirt~- (:30) da}•c nfler w-ritten rotice fror~~ tl~e ~1ortRagee ~ . stating the amount of tLe deficiency, w•hich notiee m~y be given by mail. It at anp time ~.he MortgeK~r ehall ~