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THIS MORTGAGE INDENTURE 44342 -2
Executed thn 16 day of February . A.D..1sa79 . by 4:3445
COLLINS LAND COI~ANY, a Florida corporation-
Darty of tM fast parr Ihereirtalter calNd Matgporl, to i
CHASE FEDERAL SAVINGS AND LOAN .ASSOCIATION
a corporation exntirq under tM laws of tM United Sates of America, party of tM second part lhereinalter called tM Association?,
WITNESSETH, TMt for divers good and valuable considerations, and to secure tM payment of tM sggregau even of molly named b tM f>.omissorY note of even Wte
herewith, heroinatter mentioned, together with interest thereon and all other sums of matey pctrred hereby as here:rafter provided, tM Mortgagor does grant. bargain, sell,
a1iM, remise, nUase, convey and confirm unto the Association, in fee simpN, tM following described real estate, of which tM Matgagw is now grzed and posseaed and in
aetual potsestiion, sitwu in the County of $t . Lucie .sure of Florida, legally descnbW
asfah~t~r.. -Lot S, of THE PLANTATIONS, according to the map or plat thereof, as
recorded is Plat Book 19, on Page 4, of the Public Records of St. Lucie
County, Florida.
SUBJECT TO restrictions and easements of record.
TOGETHER with all strirctures and improvements now and Mreatter on said lard and tM tixturet attached thereto, also together with all and singular tM tenements,
hereditantents, easements, riparian rights and appurtenances thereunto belwgrng, w in any vase appertsimrg, and tM rents, issues, and profits thereof, and also all the estate,
right, titM, intergt and all chime and demands whatsoever, as wNl in law as in equity, of said Mortgagor in and to tM same, and every part and parcel thereof, and also s11 gas
and electric fixtures, rsdiatots. heaters, air i:wditionirtg equipment, machinery, boilers, rsrigts, elevators and motors, bathtubs„ sinks, rater dos.ts, ware. basins, pipes,
faucets, and other plumbing and Mating tixtwes, mantels, rtfrigeratirg plaits and ice boxes, window amens, trc*een doors, venetian blinds, storm shutters and swmngs, which
are now w may hereafter pertain to or beused with, in w on said penises, even though they be dttaelted or detachabN, are and tihall be deemed to fx fixtures and accessions
to tM freehold and a part of tM realty, and, it tM above described property a now or shall hereafter ix used for commercial purposes, then tM furniture and lurmshirtgs and
any replacerneott tMreo! which may be owned by tM Mortgagor and which aro now w may hereafter be located upon 1M above described property.
TO HAVE ANO TO HOLD tM same, togeMer with aft tM saute, right, title, interest, homestead, dower and right of down, separate estate, posssssron, claim and
demand whatsoever, in Isw w in equity. of tM sad Mortgagor in and to tM same, and every part thereof, unto tM said Association in fee sirrttile.
TM Mortgagor hereby covenants with the Associatan that the Mortgagor K indefeasibly seized with the absolves and tee sinip4 title to said property. and has lull power,
and lawful authwiry to sell, convey, trsrisfer aril rrtortgsge tM same; that it shall be lawful at any time hereafter iw tM Association to peaceably and quietly enter upon,
hour, hold and enjoy said property, and every part thereof; that said property is free and discharged from all liens, enNmbrances, and clavns of any kind, incltrdirg faxes and
assessments, except tM lien Mreof, which n a first lien on said property; that tM Mortgage will make such further aswrances to perfect tM fee sirrtpld tit4 to sad property .
.r. the AStOCiatipr? as may reasons6ly be required; and that tM Mortgagor does hNlby fully warrant unto tM Association tM title to sad property and will defend same
aganst tM mortgage claims and demands of all persons whomsoeve+. -
NOW, THEREFORE, tM condition of this mortgage n such that rf tM Mortgagor shall well and truly pay unto tM Association, tM indebtedness
evidenced by that certain prwnisswy note, of even date tierizrvith, made by tM Mortgagor and payabb to the Association, m tM Drincipal wm
o? -----------0N$ HUNDRED FIFTY THOUSAND----------- DOLLARS
is 150 , 000.00 togetMr with interest as therein stated. payable over a term of 348 - months. and shalt
perform, comply with and abide ley each and every tM stipulations, agreements, conditions and coveralls conuirtad and set forth in this mortgage and in the promissory note
secured hereby, then this mortgage and the. estate hereby created shall cease and be null and.void. r
AND tM Mortgagor does heroby ootrartant and agree:
1. To pay aN and tungular tM principal and interest and otMr sums of motipy paysbN by virtue of sad promissory note and this mortgage. w ertMr. promptly on
tM days rppactivelY tM same severaNy become dw. i. +
2 To pay aN and singular rite taxes. assessments. other governrrtentalletiys. hsbilitiss. obligations and sncumbrartces of every nature on sad described property
and tM related debt acquisition each and every wtier? dt» and payable stcordi?g to live. bebro they become dslitqueM and. it tM same shad not bs promptly
pad. tM Association may at arty time. eitMr Deforo w after diNirigtrency. pay tM same vwtfiout waiving or affeetirig tM option to foreclose. o? any right
hereunder. and every payment so made shad bear interest 6om tM dau thereof at tM rats of ten per cent 1101U par smwn. -
3 Ttuj tM Mortgagor vvut keep aN real and personal property now w Mrsaker encumbered by tM hen of tti: mortgage iisurrsd as may be required from ti.'ite to
~ y tune by the Associatiixt against bas by hie. windstorm and other Murds. uwalues and Contirtgertcret for such periods and /or not less than such amounts as
~ ~ may be required by tM Association and to pay promptly when taus aN promums for such ittsurancs. Mortgagor agrees to deliver rartevirsl or replacement
~ pollees of any naturo w replacement urtrficates of uifirrsnt» to tM Association, at beast ten (101 days prior to tM expiation w anrtiwrsary date of the exisbng i
~ pollees. The amounls of inaurontx required by tM Artouation sMtl be rmrimum amounts for which sad irtwrance shah bs written and it shad be incumbent
Q. d ~ upon tM Mortgagor to maintain such additanal insurartq as may be rieussary to meet and comply fully with aN co-inwronte rstxiiremsnts contsiraed m said ,
policies to tM end that said Mortgagor is rat a for-iasurw thereunder. Insurance shall be written by s company w companies approved w desgnated by the
d z = Association artl sN polities and renswala thereof tsftall be Mld by tM Assouation. AN detailed despnations by flea Mortgagor which aro accepted by tM
rn ~ ~ Associaton and all agreements between Mortgagor and Association rMatirig to insurance. now existing or hereaher nude. Shah be in wrung and sMll be s part ,
y~~. of this mortgage sgreemsnt ss fully as tha?gh sat forth verbatim Mrsm and sMN govern both parties Mroto and their successors and assigru. No hen upon any 4
of sad pdii:iss of insurarttx! w upon arty rofirrid or return premium which may be payable on tM earicellatron w termination thereof. sMN be gtwn to other than
M- ~ tM At:sociatwn. except by proper grtdwsement affixed to such policy and approved by tM Association. Each pdicy of insurattts shad have affixed thereto a
= Starxfard New York Mo•tgagss Clause without Cwttribution, malting aN bas w bases under such policy payable to tM Associstbn as its viterest may appear.
~ v In tM event any win w wins of money become payable thereunder. tM Assouation sftall have tM opton to receive and apply tM same on account of tM m-
debtedriess hereby secured. w to permit tM Mortgagor to receive and use it. or ai?y part thereof. vinthout thereby wsinrq or impairing arty equity, ken w right
~ ~ under and by virtue of this mortgage. In event of bas w physical damage to tM rtiortgaged property. tM Mortgagor shall give irrvnediate ratite thereof t>y mad
Q ~ to tM Association and tM AssoGation may mob proof of bas i( tM sans is rat made promptly by tM Mortgagor. In event of forsidowro of this mortgage. or
other trarufer of tith to ttis mortgaged property. in extinguishment of tM indebtedness secured Mroby. aN right. btN and interest of tM Mortgagor b and to ?
.E' ~ any iriwrarice polities then in (wee shad pass to tM purchaser w grantee. TM Mortgagor further sprees to sbde by tM rules and existing rsgulatiorts of tM
~ 0. Association, in conriettion with required irtsursrsp t~vsrage of tM property herein erttumbered
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t Paragraph t and those which IoNow aro contsiried on tM reverse side o/ this mortgage and by roferenp are incorporated into tM body of this mortgage.
The terms Mortgagor and AsfOtiation, whenever used in thn iMttumenr, shall include heirs, personal representatives, AlOClSSOrt w assigns of tM respective parties
hereto. Wherever used, the singular nu 1 include the plural and [M plural tM sirigugr, tM use of any gimder shall include all genders. - ,
IN WITNESS WHEREOF, these have ted 4n tM day and year first ittM. '
Signed, seated std fiver n t pr o CO LAND ANY
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STATE OF FLORI~~ ~ jt ~ ~ •.",4;~NTY OF MARTIN . tsN
The foregoing rrKtrt/~ns rJir,lckrWW1~'~uV me this 16 day of February 18 T9 by
N$IL A. (~;,~ej~j:-~'~• .¢sident, and THffia~:OO~+IaIl18, a8 Vice- ~
President ~tjS r' ~~AND C~ANY, and N$IL CO NS and N~
THELI(A COLL~i$`y;;; ~,~d and wife ~
My corrinission expire: - .~iC K ;
sic 303 • P~ ~~5 Notary Pu ic, Scats of
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