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HomeMy WebLinkAbout0133 ~~~~~1 53445A2 kc . THIS MORTGAGE INDENTURE ~ ~ t.K~~~ 1 ~Y o, biarch . A.O.. 19 T9. M FRANK FIRPO and SSTHER FIRPO, husband and wife ~:.,~~y ot ~he I~~it IM~e~nsh~i catl~d Ma~prgo~l. to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION , co~po~ation ssn~~rg urxfe~ tAe Iaws ol ~At Un~led Sta~es ol Amnica, party ol the second pa~~ (hNe~nalia call~vf tAe Assocw~~un), WITNESSETN, Tha~ fa drve~s good snd va~usMe cons~derauons, and to secwe the payment ot ~As agg~ega~e sum ot rtwney namecJ in the prom~sso~y nute ot err~ datr ne~ew~th, here~natt~r menuoned. ~og~tf~ w~~A mteiest Mereon ancf all otha~ wms ot money secureal hereby ss Acre~nal~r p~w~ded. the Mo~~gaqo~ does y~am. tw~~~~n, uu, ~~~en, ~~m~se, ~tlease, tonvey and conl~rm unto the Atsotut~on, ~n tK simpk, th~ tollowing clesci~t~1 real ests~e, ol wAich ~hr Matqago~ w now uuaf arxl yosuur~f a~wi ~n xwal poasesswn, uwate m ~he County o1 ?St . Lueie , s~a~~ o~ c~o„~. ~~~n, dru~d,ed es 1o11om: Condominium Parcel No. 5312 of Golf Villas, a Condominium as per the Declaration of Condominium thereof, recorded in Official Records Book 302~ Pages 2250 through 1326, all of the Public Records of St. Lucie County, Florida. SUBJECT TO restrictions~ easements and reservations of record. TOGETHER wnh all s~rucw~es and ~mp~ovements now and herealrK on sa~d land and ~he hxwres auached Mere~o, also ~oyethe~ ~n,~h al1 and s~ngu~ar ~Ae ~erwmrnis, nered~tameots, easements, ~~par~an ~~ghts and appurtenances tAe~euMO bNong~ng, o~ m any w~se appe~ta~mrg, and the ~ents, ~SSUes, and p~ohts tne~eo~, and also e11 the es~ate, • ~yht, ~ule, mterest arxl all cla~ms anel demands whatsoeve~, as wett in law as in eyuity, of sa~J Mo~tgago~ m and to !he sarne, and eve.y W~t end yarcel ~t~~eo1, end .d;u en yes ~n~1 ekcu~c h¦tures, .adiators, heaten, a~~ cond~l~omng eywpment, machine~y, boJe~s, ~anges, elevatws and mo~ors, batMutx, ~mks, wate~ ctosets, wa!cr basms, p~pes, 'auce~s, and other plumt,~ng and heauog 1~•~wa, maneets, rei~ge.aurg plans and ~ce boaes, w~rxfow acreens, scre~x~ doors, veneuan bl~nds, stwm sAuners and awm~r~s, wh~ch ,~e now or may he~ea(re~ per~a~n w o. be uud wnb, m w on sa~d prem~ses, eve~ thcwgh ~Aey tx cle~acbed o~ de~x~dtile, .ue aod shall he cSeemed to be fixtures end ..ccess~ons ~o ~he f~~hold and a pan of the reahy, and, 1! ~he above descr~txd O~ope~tY ~s now w sAall heroefter be used 1or tomme~aai purpotes, then the turn~iwp an[J furo~ihmyt end ~ny repla[eme~ts Mt~eoi rrh~th may be ownecl by ~h! Mo~tgago~ and which a~e now or may hereatter be lotatecl u{x~n the atwve cfesc.~het! property. TO HAVE AND TO HOLD tbe same, 2ogethe~ wrth all the estate, nght. ~~tle, ~n~erest, Aomesread, dower and ~~gh~ ol dowM, separate esla~e, possess~on, ~I.um arxt ~:+.emand wfiatsoevM, ~n law or ~n equ~~y, ol the sa~c1 Moitgagor m ancf ~o tAe same, ancl eve~y part ~hrreof, unto ~he sa~d Assoc~at~on in tee s~mple. The blortga9or hereby covenan~s vwth the Assoc~at~on that ilx Mu~~g~gor ~s ~ndefeas~bly se~zed w~th ~he ~Lw~ute ancllee s~mpk ~~~~e to sa~d prope~ty, and has fu~l powe~. ,~-i lawful ~uthorrty to sell, con~ey, transler and mo~tgage ~Ae same. that ~1 SAall Ue lawtul at any t~me hereef~e~ for ~he Assoc~at~un to peaceably and ywe~ly enTe~ upon, :~e, hold and en~oy sa~d Vruperty, a~d pvery pa~t the~eot; ihat sa~d p~ope~ty ~s trce and d~scha~ged irom all I~e~s, entumbrances, and cla~m: ot any k~nA, ~nciudiny teaes and ,ssesunents, excep~ the lirn Ae~eo~, wh~ch ~s a inst hen on sa~d property. that ~he 6lmtgago. wd1 make such lur~her azwrances ~o perfect the ~ee s~mple htle to u~d prope~~y n~he Assouahon as may reawna[dy Ge requued: and that the Mo~tgagor dces heretry fully w~~~am un~o rhe Assocw~~o~ the utle to sauf p~operty and wd1 ~ie~ernt same ~,.~~ns*. She mongage cla~ms and demands of all pe~sons whomsoevr. NOW, THEREFORE, tbe co~xinron of tA~s morlgage n such that if ~he Mortyagor shall well and t~uly pay unto the AssoclaLOn, tbe ~netebte+tness . denceci by that cer~a~~ prom~sso~y note, ol even date he~ewith, macle by iAe Mor~qagor and payable to the Assouauon, m the D~~^~~Pa~ sum ~--------TRIRTY-FIVE THOUSAND~ ONl's HUNDRED------------ oo~.~aRs ; 35 ,100 . 00 togetna w~th mte~est as the~e~o staied, payaWe ove~ a te~m ot 3OO rtwmhs, and shatl :>~~form, compiy wdh and abule tiy each rnd every the zt~pulat~o~s, ag~eernents, condrtrons and covenams conta~neJ and set for~h m thn mu~tqege anA m tf~¢ p~om~ss~~Y note ~,rocf hereby, ~hen ~h~s mo~tgage end the estate here5y created sAall cease anJ be null and vo:d AND the Matgagor does hsreby cownant and sprse 1 To pay all and s~nguiar ihe pnnapal and mterost and other sums o( money payabte by vutue oi sasd prom~ssory note and tha mortgaps. o~ erther. p~omptly on the days respect~vely ths same severatty become dus 2 To pay all and s~ngu~ar ine taxss. sssessmsnts. othsr povsrnmentat lewes. I~sMt~t~es. oW~gat~ons and encumbrances ol every natu~e on said descnbeA P~opertY a~d the related debt acqu:s~t~on ssch snd evsry whsn due and payable accord~ng to law. befwe they become delinquent and. ~1 the same shatl not be p~omptly pa~d. the Assouauon may ac any t~me. enhsr befors a sftsr dehnquency. pay tha same w~thout wamng or aHecu~g the optwn b foreclose. w any r~ght her¢under. anC every Dayment so made shall bear ~nte~sst (rom the data thereof at the rate ot ten per cent (10%1 per annum r~, ~ 3 That ~he Mortgagor w~~~ keep ai! ~sal and personal property now or hereaher encumbered by the l~en of th~s mortgage mwred as may be requ~red (rom t~rne to ~ J ~~me by thP Assouauon agamst bss Dy t~re. w~ndstam and other haisrds. cawalUes and conongenc~es fo~ wch penods and for not less than wcA amounts as may be re4u~red by the Assouat~on and to pay promptiy wMn due ali prem~ums for such ~nsurance Matgagor agrees to dei~ver renewa~ w rep~acement _ pobues o! any nature or replacembnt certificates oi msu~ance to the Assouatwn. at least ten 1101 days pnor to the eaWrabon or anmversary daro ot the ex~sung po6c~es The amoun~s of msurance requ~red by the Assoustwn shall be m~n~mum amounts for wh~ch sad ~nwrance shafi be wntte~ and ~t sAall be ~ncumbent ~ upon the Mortga9or ta ma~nta~n such add~uona~ ~nsurance as may be necessary to meet and comDly fully wrth all co-~nwrance requuements conta~~ed ~n sa'd M pol~c~es to the end that sa~d Mortgapa ~s not-a cainwror thsreunder Insurance shall be wntten by a company or tompernes spproved Or des~gnated by ihe _ ^ M Assoua.~on an.f ali pot~c~es and renewals thereot shslt be held Oy the Auouatan Alt deta~ied des~gnatans by the Mortgagw whch ara xcepted by ihe ~ Assouauon arxf aU agreements between Mortyapa and Assouatron rolsL~p to ~nwrance. now enst~ng or hereafter made. stwll be ~n wnung and shall be a pan oi th~s mortgagE agreement as lully as though set IortA verbaum here~n and sAsll govern both part~es hereto and the~~ successws and ass~gns. No 4en upon any of sa~d pohcses of mwrance or upon any rstund or rstum premwm wh~ch may be payaWe on the cancellatwn or term~natwn tAereof, slyll be grven to other than 'i J~ p y po cy spproved tMe Assouatron. Each h of ~nwrance sha11 have aH~:ed there[o a ' - the Assouat~o~. exce t b Woper endorsement aNued to wch h and by po cy ,-0 Scandard New York Mo•tgagee Clause w~thout Contnbutan. malunp sll bss or losses under such pobcy payabte to the Assoc~atwn as rts ~nterest may appear j ` In the event any sum or wms o~ money Decoms payable thereunder. the AssouaUOn shall have the opt~on to rece~ve and apply the same on account o~ the m- ~ y~ debtedness hereby secured. or to pe~mrt the Mortpayor to recewt and use ~t or any part thereot. without thereby waw~ng a impa~nrp any eqwty, hen or nght p - ~ under and by v~rtue of th~s mwtgage In event oF loss or phys~tal damage to the mortpaged Woperty, the Mortgagor shal~ g~ve ~mmedute not~ce thereof by mad ; ~ ~!n ro ihe AssoaaLOn and the AssOUat~on mey mske prooi of Ioss if the ssme ~s not made promptly by the Mortgag~r i~ event of (oreclosure of this mortgage. a ! o~her trans(er of trtle to the mortgaged property. m eaUnyu~shment oi the mdebtedness secured Aereby. ali nght. utle and ~oterest of the Mortgagor m and to ~ O any ~nsurance pot~c~es then in force shail pass to ihe purcAaser w grsntee The Mortga9a funlxr agrees to abde by the rules and w~sbng reguWUOns.of the = 2~ Assouanon. m connectan v+nth reqwred msura~ce coversge ot the propert~r here~n encumbered 'k i . i`~.~ ~e~eived S ~C In Payment Ot Taxes ~ - , Oue On Class "C" IMangible PersonalProperty. ; : ; . ~ pu~suant ?o Chapter ~i, 134, Acts Of 1871. ; • ; . - ? ~ ROGER P017RAS 4".,~~ ~ ? . - Cce•. C~rcuit Cou~i, St. ~ucis. Co.. Fla. f s s t 4 Paragraph 4 a:~d those wh~ch (o~low aro contamsd on ths raverse srde o! th~s mortysge and by referer.ce are ~ncorpwated ~nto tAe body of th~s mortgaye ~ s The terms Mor~qagor and Assonaaon, wnenever used m th~s ~nstrumem, shall ~nclude t ~rs, ~sonal representa~~ves, wccessors or ass~gns o/ the respecfrve Va~~~es ~ ~=~eio. Whe~eva used, the s~Rgular number shall ~nclude tht plural arM ~he plural the s~ngul , and tAe ol ~N shall mclude all g~nders. ~ !N WITNESS WHEREOF, tAese p:em~ses have been execut ~be day arxl yea~ hrst e nn~tteA. ~ necf, se led arxf r1N~ve. in th e of a ~ ~ - (SEALI ~ ~ • - ~ • F RPO . ' _ iSEALI s ~ES HER FIRPO - - . ISEAU - - ISEAU i , STATE OF ,'F~RIDA . COUNTY OF ST. LUCIE ~ a . - ~ ~ TAe lor~gei~g ~rwrr~rr~t was ackrqwAnfged before me thn_ 1-- day of uarCh--- . 19?9 by ~ t s ~ ~ • . - ~ . . . e~~ - ~ ~ FRANK FIRPO anc~=$STHER FIRPO, husband and wife ~ ~ ~ ~ =i w , ~ `c~ ` : , ^ - R ~ //i~ A / My commisswn t~pres f~ ~ j ~ / ~L - ~OR I OM AT LA~ ! MY CQAAMISSION ~1~ yy~. 26 19~2 ^ T~~ ~~'T~ Notary Vud~c, State of ~ geoK eJ ~a~.E ~~3 ~ ~ ~ - N