HomeMy WebLinkAbout0791 This I~;t•::m^nt •s , cr. red hy:
3`~(%Ei'i n THIS MORTGAGE INDENTURE YHfRREL.`B:~ S'E~~~ts~.;~t~~~~~~.~sTi~iMa~~,
E.K~~.d ~n~. 9th ar oi July. n.~.. t9 76. ~r ER;:,~',
CF.ORGE R. PARKER and BARBARA M. PARKER, his wife 73G0 Norih i(c.^.C.ii~_~r:,~, ;~t,~~~, Fla.
par~y ol ~Ae his~ part Iher~~natia called Matg~po~l. to
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION
a corpwat~on eanung under Me laws ol ~M Un~~ed States ol Amer~ca. party ot the secorw part lne~e~naltca calkd tM Auocy~anl.
WITNESSETH, 7ha~ Ip~ d~vas good and vsluaWe cons~de~auons, snd ~o secure ~ne paymem o~ ebe aygregate wm ol money named ~n ~ne V~~~~~v ~o~e ol even date
ne~rw~th, I+~ro~naftp ment~oned. togetAer Mnth inte~est tne~eon and all o~hp wms ol mo~eY securecf AerNry as he~e~naltt~ Prov~dW. the Matya9o~ dots g~ant, ba~ga~n, ull,
ehsn, r~m~se. rekast. conveY arn1 cont~~m un~o Me Auoc~a~~on, m le~ s~mp~e. U~e tolbw~ng desn~bed ~ea1 es~ate. ol w1,Kh tne Mw~gaga n ~ow seuad and possesud arxt m
scwal possess~on, u~wte ~n iAe Coun~y ot $t . Lueie Sea~e ol f Iw~da, IrgaUy desc~~t~ec1
,s'°"~ All of Lot 2, Block A, except the South S feet and the
West 16 feet thereof, and all of Lot 3, 81ock A, except
the South S feet and the East 16 feet thereof, of MARAVILLA
TERRACE, according to the Plat thereof, ae recorded in Plat
Book S, at Page 50, of the Public Records of St. Lucie
County, Florida
TOGETHER w~th a~~ st~uc~u~es and ~mprovemcn~s now and Aereat~er on sa~d land a~c1 Ihe f~xtwes attached ~Ae~eto, also together vr~th all a~d z~ngular the tenements,
~~e~eduaments, easemems, npar~an ~~ghts anU appur~ensnces thneunto belongi~g, or m any w~se appe~ia~mog, and the ~eots, ~ssues, and Wo1~K ~Ae~eof, arxl atso ail ~he esta~e.
nyh~, ~~~le, mte~es~ and all Na~mi arxl dtmandi rvAatsoevE~, as well in Irw as m eyw~y, ol sa~d A1or~gagw ~n arW to ~he sarne, and every par~ and pa~cel thereol. a~d a1w an yas
]r.u elecuic hxtures, rad~a~ors, heate~s, an conefit~omng eyw{xnen~, mach~nery, bo~fe~s, ranges, eleva~ora and motws, LutAt~iss, sinks, wata clusets, wate~ bas~ns, p~pes.
t.iucets, and o~Ae~ plumb~ng and heaung I~xtures, m.+me~s, relrn~rahng p13~s and ~ce b~aes, w~ixlow aireens, saeen ~rs, venet~ao bbnds, storm sAuue~s and awn~nys, wh~ch
±~e now o. may he~eaNa pr~taen to oi lie uutl wrth, m or on sa~d p~em~ses, even Ihougn they tm ~SetatAed or delacbable, a~e and sAa~~ be deemed to be hxtwes and acaess~ons
~o iAe t~eeAOld and a pa~~ 01 ~he ~ee1~Y. and, ~1 the aGove descnbed p~ope~~y ~s now o~ shat~ hereal~er be unHl ~o~ commHUa1 purposes, thM lh! lu~n~ture aM1 ~wmih~~ys .fnc!
.,~,Y .~placements ~he~eo~ whicn ~raV Ae owned by the MeH~9aqo~ and whicn are now or may hc~ealte~ be ~otaled u{wn ~he above desc~~ir_t1 p~Ope~[y
TO HAVE AND f0 HOID Me same, tc~qNhe~ wnh a11 ~he es~a~e, nght, t~Ue, ~nterest, homesteaJ, dowe~ anU nqM o1 cfowe~, separate e:tate, possess~on, ~~e~m a~d
~~rma~cl wha~sorver, ~n taw or m eywly, of ihe saKf Mo~ ~y.yor m and to the s.irne, and every pa~t lhereol, unto the sa~c) Ass~uaUOn ~n lee umpie.
The Mortgagor he~et~y cove~~ants w~~A the Asscx~at~o~ tAat ~he 67o~tyago~ n mcfefeas~bly se~red wnh ~he atnulu~e and lee s~rrq~le mle ~o sa~d p~ope~ty, end hai fu11 W,wa,
,,n:f lawfui authonty to sell, cunveY. ~~ans~e~ ancf mortgage Ihe same. tAa~ n shatt be lawtul 3t aoy t~me he~ealter fa ~he Assouat~on to praceably arxl ywetly e~~r~ u~n,
•~.r.e. ~old and enµ~y said F~upe~~y, arxl every pa~~ Me~eof. thal sa~d p~ope~ty ~s hze and d~xfw~ged hcxn all liens. e~rcumb~ances. anef cla~ms ot any kmd, ~octud~ng ~axe: ancf
usesunents, e¦cep~ tAe ~~en ne~eo~, wh+ch n a fusi I~en on sa~d proprrty, ~ha~ ~he Mur~yagor wdl make such Iw~ner asswances to pe~1~c1 the tee s~mp~e t~tle to sa~A p~upe.ty
n rne Aisoaahcxi as may ~e:+s~N~aWy t~e reqw~eaf, and mae ~he Mo~~9ayur ~s neieliy iu~ly wanant umo ~he Assoc+auon ~he ~~~1e ro saHl Wope.~y and w~11 drtend sxne
i,:mst the mo~tyage cta~ms ancl drmands of a11 yenons whomscever.
NOW. THEREFORE. ~he concf~~~~n of th~s mo~tgage n wcn eAa~ d the 11Ao.tgagoi shall well a~d t~uly pay unto tlx Assouatwn, ~he ~ndet~fe.lneu
:~~ieectd ~V that ce~ta~n p=om~ssory nute, 01 even date Ae~e.v~tA, macle by tAe Mo~tgagor and payab~e to iAe Assoc~atw~, ~n ~Ae p~~~+c~Ve~ sum
TWELVE THOUSAttD AND NO/100 OOL~ARS
12 ~ Ovv 1, to9e!her n~th ~nte~es~ as lAerem stated, payable ove~ a te~m of Z4O ~ munths, and st~all
;,~•form. comply nntti amf ab~efe Ay each and eve~y tAe st~pulat~ons, .~g~eemems, condit~ons and covenants coma~neA and set lorih ~n ~A~s mortgage a»d ~n tAe p~om~ssury note
Sr.urhl nereby, then ~h~s mw~gagc an:f tne es~ate ~e~eby crea~nf sna11 ceax arnf Ae nu11 an~i void. ~~,1~E•{L •
TRANSFER OF TNE PROPERTY; ASSUMPTIOPI~ ~RLY • Jj ~~/~SC~~~ C~/Gs~[i(J~~ y
i! all or any part of the Property o~ sn inte~es? tAerein is sold or translerred by Mortgagor ~vithout Association's prior written consent, ezcluding (a) the
r~ation of s lie~ or encumbrance subordinate to this Mortgage, Ib) the creauo~ of a purchase money secu~ity inte~est for household appliances, (c) a transfer
i:y cfevite, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest o1 three yean or less not containing an
~~ptron to purchase, Association may, at Associahon'z option, declare all the s~ms secured by this Mortgage to be immediately due and ~yabla. Association
,n311 have waiv~d such option to accelerate if, prior to the sale or trantfer, Association and the person to whom the Property is to be sold or transfe~red reach
,yrrement i~ writing that the ued~t oi such person is wtisfactory to Association and that the interest payable on the sums secured by this Mortgage shall be
such rate as Assoc~ation shall request. If Associat~on has ~vaived the opuon to accelerate provided ~n this paragraph and it Mortgagor's successor in interest
has executed a wntten assurt~tion ag~eement accepted in wriung by Associauon, Assoua~ion sAa~l release Mortgagor from all obligations under this Morigage
end the Note. - ~
tf Associat~onexerc~sessuch opt~o~ to accelerate, Association shall mail Mortgagor notice o1 accele~ation. Such notice shall provide a period oi not less than
lu ~lays from the date the notice is maiied withi~ which Mortgagor may Gay the sums declared due. H Mortgagor tails to pay such zums prior to the expira -
r~on of such penod, Assoc~ation may, wrthout further notice or demand on Mortgagor, invoke any remrd~es permitted by paragraph t5 hereof.
~ AND the Mortgagor does MreDy covsnsnt and agrse
L.} t To pay a~~ and s~ngu~ar the pr~nc~psl and ~nterost snd otner wms of money payable by vutue o1 saul Wumissory note and [MS mortgage. Or erther. promptly on
the days respectrve~y the sama severally bernme due
2 To pay atl and smgular the ta:ss. asseumsnts. other govemmental lev~es. I~abhUes. oblepat~ons and encumb.ances o1 every ~aturo on sa~d deunDed Wope?ty
~ anA the related deDt acqu~s~tan ssch and svery when due and paya0le accord~np to taw. befwe they become del~nquent and. ~f the sams shall not ba promptfy
i pa~d the Assoc~auo~ may at sny t~ms. s~tRe~ before or after delu~quency. pay the same wrthout wa~v~ng or aMecung tAe optan to fwxloss. w any nght
~be~eunder. and every paymsnt so mads shall besr ~ntersst irom the date thersof at the ~ate of ien per cent (10%) per annum
I'; ! 3 That the Mortgagor nnll keep all real snd personat property now a hereaher encumbered by the I~en of tA~s mortgage ~~wred as may be reqwred irom o:ne to
~ T~me by ~ne Assoaat~on aga~nst bss by (~rs. vn~dstwm and otAer haiards. casualt~es and cont~ngenaes for such per~ods and 1p not less tAan wch amounts as
; ~ may be reqw~ed by [he Assot~at~o~ and to pey promp:ly whe~ due e~~ premwms tor wch ~nsurance Mortgagor aflrees to del~ver renewal w replacement
pohaes ot any ~ature o. replaceme~t csrt~6cates of mwrance to the Assoaauon. at teast ten (70l days pnor to the eap~rauon a anmversary date of the ea~st~ng
! ' ti pol~c~es The amounts of ~~wrance reQu~red by the Assoust~on shall be m~rnmum amwnts fw whKh sa~d ~nsurante shall be wntten and ~t shall be incumben[
E • upon the Mongagor to maintem such sddrtrond msurance ss msy be necessary to meet and comply fully w~~h a~l co-~nwrance rsquvements conta~ned m sa~d
3 - poi~aes to the e~d that sa~d Matpa{~or ~s not s co-~nsurp thsreunder Inwrance shalt be wnttan by a company w companros spWoved a des~qnsted by the
~ Assouauon and an pol~ues and renewals ttiereof sha~t be hsld Dy tne Auouatron Afl detaded des+g~atwns by ihe Mortgayor wluch are accepted by the
Assouat~o~ and a~l agreemeots between Mortps9or and Assouatron rslat~np to mwrance. now e:~sung or he~eatter made. shall be ~n w:~t~nq snd sha11 be a part
; o( th~s mortgage agreement as fully as thouph sst (orth verWt~m here~~ and sAat1 govern both part~es f~ereto and the+r successors and ass~9ns No lien upon any
~ of sa~d pot~c~es nf ~nwrance w upon ~ny rsfund or retum prem~um wluc~ msy be payable on the cancellatwn or term~natwn thereot. shaN be grven to otAer than
~he Assoc~atwn. e~cept 6y poper endwsement sH~xed to wcA pobcy and approved by the Assoc~aUOn Each pol~cy of msura~ce sha~~ hsve affiaed thereto a
y Standard New Ywk Mortga9ee CWuse wrthout Contnbutron, malunp ali bss w losses under wcA pol~cy payabte to the Auocwiwn as ~ts ~nterest may appear
In tne event any wm w wms ot money Dscoms paYable thereunder. the Assoaatron shall hava the opt~on to rece~ve snd appFy the same on ~count of ihe ~n-
debtedness hereby Setured, or to permit the MortpayOr to rece~ve and use rt. ot a~y part tAereof. vr~thout tAereby wamng a ~rtpa~nng arry eqwty. I~en ot nght
~ ~ under and by v~rtue of th~s mortgage In event of loss or phys~c~l damaye to the mortpayed p~operty. ttie Mortgagor shsll prve ~mmedsts not~ce thereot by ma~t
to the Assouatan and the Assoc~stan may mske prool ot bss ~f tM same ~s not msde promptly by the Mortgagor In event of torecfowre of tlus mortgage. or
~ o:r.er transler o( trtb to the mortyaqsd propertY. ~n s:tinywshmsnt ol the ~ndebtsdness secured nereb~r. au nynt. nt~e and mterest of the Mort~sqo~ m and to
~ , am ~~w~ance potKies then ~n (orce shstl psu to tAe purchassr a grantee The MonQ~Qa further ag~ees to ab~de by the rules and e:~stuip regulatwns ot the
~ ' AssouaUOn. ~n connectan w~th rpuusd ~nwr~ncs cmrs~~ye oi ths property hersM s~cumbsrsd
5¢
K
~ 4 Parogrsph 4 snd ihoss wlrch fptlpw ~n conqin~d on th~ nv~rp sda M th~s mortype snd by nfertncs sre ~corporatsd ~nto tM body d tAK mortysp~.
~ TAe terms Mortgsgor and Assoc~atwn, wAenever used m th~s ~nstrurtient, sMsll ~ncfude Me Aeirs, personsl rep~esenuerves, wcoessors w xsgns ot the r~tpacuve part~es
he~ eto. Wherever used, the s~rgu~x number shalt ~nclude tne plural and tAe plural the singular, and t use of any genda shall ~nclude atl genders.
~ IN WITNESS WHERE F, t hsvt ~aa~ e:etut~d oo tl~e dsy snd yqr (trst abwe tttn. _
S sea~ed and ner n ~ esence o!: ~
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x STATE OF Florida COUNTY OF,~, ~.T~4
~uC2'~ • '
~ The twpan9 ~ns~rumen~ was xknowledged belae mt tl~if oi ~ ~-Y .~9-7~ br
; . - ~
GEORGE R. PARK~R and BARBARA :4. PARKER; his ~rif e-_ ~
• - - +
Not3ry P:~hGc, State of Ft~rida 11~ ~~rqf - • I ~N~
My Cumn.~.s~on E~pue; 5_yc. 1Syt~ ,
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MytOmmift~lip+r!! flo.we Kp..... ~~~.:.a~ca,G4- ~
• - ~
45596-2 ~1~ - No~,~, waK, su~ a F lorida at Large
~ N~tary Publi~, Stat~ ~f Fl~ri =
~=v 255 PAGE 789 -~a Rt La?ge
• ~ Comm~~~.~,•n E.; :.:e~ S
~ Q(~I ~ . ~a~. 7, 1979
~i ~ , dunCtO liY kcS.~.t V,i.:r~+tie Go. ~
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