HomeMy WebLinkAbout0179 43'7242 C -266A kc ~ /
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THIS MORTGAGE INDENTURE - •
9 March . A.o.. ~s 79. a
CRTATIVS HOMBS BY MATHIAS, iNC., a Florida corporation ~
CI~ +
~Y ~t~r ~,~t, ~~~C'~"CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION ~
,:~x...~c~~~~~ r.~s~~~:.a ,~~.:r~ ~nc ~..r:s nt ~he Umted States of Ame~~ta. C~~y ol ~he cKOnU p+r~ (hae~nahtr ca11W tM Atiwc.atanl.
.~'I1`~ESSET?~, 1 n,~ Io. ~~~.t t q,.,Mt aod va~wWe cont~de~auonf. and tu secwe ~he paVmsn~ of ~ha aygreqate wm ol rnw~ev n.n~f ~n ~~s p~um~iSO+y nute ut e.en detr
...w,in, nere"u~ier ~,knr,.,ne.i, ~uyr~~er w~lh m~erest 1Ae~eon xx1 ~11 otha wms ol mon*Y securW Ae~~try sf he~ruul~~~ p~av~clal, ~Ae A1w~ysgu~ dO~s y'ant, be~ye~n, sell,
...n. ~em~sC. ~a~eosr. ~,.ry ~onl~~m unw tAe Assotuhoe, ~n le~ sunp~e. the Iouomnydesc.~Csd ieal es~a~e. ol whKh ~Ae MatyycH n ~ow se~+ec1 arw ~wssestie~f encf ~n
e~ p~~,esesswn, t~~ue~r ~n tha C~~.~,~nty Ot St . Lueie $tate ol Flur~da. legally uec~:~~t~t
~~~iioNrl
Lot 1, Block 42?, PORT ST. LUCI~S, S~CTION THRET, according to the
plat #,hereof.as recorded in Plat Book 12, page 13~of the Public Records
of St. Lucie Couaty, Florida. ~
SUBJDCT TO restrictions, easements and reservations of record.
~F Tt~EN ..nh ;*~,~c~~:~~-a f~mprovemen~: now ar~f Aereal~e~ on sa~d Isrx1 and ~Ae h¦w~es a~txhKf ~hreco, siw ~age~hr w~~~ a11 and s~~yule~ the trnen,t~~~,, T
. .r:~.,:.-.,.nts res'rn.en~ ~~~~..r+..n nyr~~, ,;nd appu~tlnaoCes IbNlunto bllong~ng. M ~n iny vwfe appHU~n~ng, and ~h! renls. Hfuls. ~nd p~olds thNeol, a~ also all the rstatr,
~~r .n~r~eei c i.,~~•.•. .,~~.f ~~.en~k whatsoeve~, as we~l ~e taw ss in equ~~y, ol sa~d Mw~gaga in and ~o the same. and evs~v Wrt and p:acel thtreol, en~f ,,~so aii yas
~ir~~nc +~.ru•es ~~.~~r~s corxl~uoning eyu~pment, mxMnery, bo~k~s, rarges, ekvawrs and mo~~rs, tw~h~ulx, s~nks, wa~e~ dose~s, watr baiu~i, p~pr~.
.•rf .,n,: ~~inr~ ;:~:,:n~,~~a en :..._,~.~„~y I~.twes. mernelt. ~efi~qereuny plans and .ce boxes. w~n~ow a.:reens. x~ee~ doors. vaxuan blmds. sto.m shu~~e~s and awn~nqs. +~~~cA
mey i~e;~~eti+~ ta.,, e„ ~,r !,r uurl w~lh, ~n w on w~d plm~sls. eJe~ IAo~9h ~heY ~~txh~d w cltlacAaWe, a~e xW tha~l be tfeema+) to lit 1~¦~u~rs end ,K cris~c,ns
~ .r~+~rr'~•~~ld an;t ,:1 tr,~• .e.~!~y ,~nd. +1 the db6ve descnbnl ptope~ty ~s now o~ Lhale EpeeltN b! usetl~l0~ commeraal pu~pOSes. lAM the turn~Wre a~xf IWnnh~n9t,~nJ ~
;~;krn~enti ~r.rr~...f r.~,,.-•., ••~rr tn• ~~n~~ed by ihe Mu.~g.+ga a~xf wh~ch are nuw or msY ~'calte~ be Icxated upon tbealwve descntxd P~ope~ W e
;:~.~~'r r.p:(~ tt~ r!iii .,e s.:~=a~, +oyeMa .w[h atl fAe esta~e. ~~9ht, Utll. ~nte~dl. AUrMSttxt. dowei and ~ght OI dowe~. separate estate. poisesvon, ~i.um end i
:.h,i; ~r.r• .,,:*y. „t the saKf ~1u~tgr~o~ in and to the sarne, and every py~ ~he~eol, unto tbe sa~d Assouauon ~n fee simple.
nr•rt~~ ~~n•. ...;h ~he Aswc~anon that tbe ~1or~gagor ~s ~ntfCltas~bly ye~ie~t w~ih Ibe abwlute and fee s~mUk htk to saKf p~opr~ty. and has tull pu,r.er,
~ .v:!u: e•,,~h..~:i~• r„ s~'t, ...ry. 'r ,~~sfe+ ancf mo~tg,x~e ~he s~me. thaf ~t fhatl be lewlul at any hm! herealtri for t~e AssouaLOn to ptxeat~ly encl yu~t~ly en~r~ ujx>~~, -
. n,~!:! .,~nt rr~,,:y p~.~, r.rry pa~~ ihe~rnl: ~ha~ s~Kf propaty K I~K ~rnt d~SChe~ged hOm all IKnS. ~nCUmbraMei. and c1a~mS O! any k~nc1, ~ntludiny tn.et end
..:.is. a~~i~p~ :~~r ~s a h~st I~tn on ia~d p.ope~ty. tAat tAe Maty,ry~H wdl rtuke such fu~thei assu+ances to perfect the fee s~rnVle f~tle to sa~cf ~,~upe~ty
a~,a.,. ~s ~eq~uecl. a~d tha~ the Mo~tg.~qo~ daes Aerel,y lully wana~t unto Ih! Asiocmt~on Ih~ t~tl! lo u~d p~0{x+ly and N~7~ detrnd s~rne
,t !hr ~T,:,, t.;e3e I:,:.~ t...n~,~r.fs ~~~1 all ~~sons evhomioeva.
TMEFtEtGRE ;h. . , t~t~•~~ ot ~h~s mu+~gagr n such fhat ~1 ~he Mo.[yago~ sha~l welc aM1 ~ruly paY u~~o the Assoc~a~wn, ~ne ~~deb~ainru
. tt ,e ~.::.~,r t.r.~•.~,+i,~y nute. ot even date Ae~ew~tA, mafe t~y the ~dortgayor and pny~tele to the Assuc~at~un, ~n the p~~~c~y.~~ sum
DOLLAHS
---------FORTY THOUSAND------------
~}O ~ QOQ ~ QO toye~her in~th ~nteres~ as the~e~n s~ated, paYaWe ove~ a term ot 34g muMhS, and 5~~.~~~
.•r;. ..~•,i~~ ~.v~i~~ ..,t:. ;~y rxh anJ every the st~puiat~uns. ay'eernents. conA~uons arnf covenants con~~~ned erxf set fortA thii mu~ 1ry.ye and ~n Ihe N~ormu~,ry nr~te ~
f.,.-; ri y . K.nd the est~te hrrN~y c~eatnf shall ~eate ~nd tie null encf w~d.
TRANSFER OF THE PROPERTV: ASSUMPTION
~-JI ~r .in~ pa•r~:~~ ~~+e P~.~perty m an ~nterest therem is sold or transferred by Mortysyor w~lhou~ Association's prior wrrtten consent, excluding (a) U~e
•on n~ or rr,~ ~rnb~ .n :e subordinate to this Mortga{~e, (b? the creai~on of a pu?chase money sewrity ~nterest for househoid aVP~~artces, (cl a transfer
.r. sc, de; rr t~y oper.,clon of law upon the death of a ~o~nt tenant or (d) tbe prant ot sny leasehold inte?est of three years or leti not cOMalning an
. , n e;~ ~~.:r._!~ e,r, As,o:.,~±:nn may, a[ Association's option, declare all the sums secured by ihis Mortgage to be immed~ately due and payable. Assoc~auon
. r~a~=~ ~.~:~•:<~r. t~, accelerate if, prio? to the sale or transfer, Association and the person to whom the Vroperty is to be so~d or tra~sferred ~each
.~~~~rn-r.nt v.nc~~~y :~~n> :,red~t of such person is sat~sfactory to Associat~on and that the interest payaWe on ihe sums secured by this Mortga9e shall be
n.ate :.s,•~~ ~a~:u~~ s'~nli reyu¢st. 1f Assxiahon hss waived the oDUOn to accelerate provided ~n this paragraph and i1 Mortgagor's succeuor m ~nteres+
..«~c;.:~-•~ ,,•.r ;:r. .,,c,.~:~,~~:un agreeme~t accepted in wriung Oy Assoc~aUOn, Assoua.~on shall release Mortgayor from all obligauons under this Mortgage
, ~~,r IVqtc.
,s,;;, ,,,t:.~., ~ ~;~~~or. to accelerate, Associatior~ sha~l mail Mortgagor notice ot acceleratio~. Such notico shall provide a pe~iod of not less ehan
. . ;.,t.~ ~~,~..e ~s ma~led withm which Mortgagor may pay the sums detlared due. Ii Mortgagor lalls to pay such sums prio~ to the expua
t~,. •nay, w~thout turther notice or denwnd on Mortgagor, ~nvoke a~y remedres perm~tied by paragraph 15 hnreof. _
..•tpa;:~~ does nerebY ~ove~snt and ay~roe
~ ' S.,;,: ar the w~nupsi and ~nterost ~nd other sums of money paysWe by vutue ol sa~d prcm~ssory note and th~s mo+[gage. or ertr,er ptomplly cn
' e~ta:: ••s::rc! +e~v the same sever~lly betOm! due
I . ,•ar the tsxes. assessments. oths~ povemmsn~al iev~es. 4~ptrt~es. ob~~pauons and encumbrances of every ~awre w~ sa~d deunDed property
~e: ~ acqws~bon eaM ~nd evsry when due snd psysble accord~np to Iaw. befwe they become delmquent and. ihe aame sha~t not be p~ompf!y
~ ; a~;~ ass:~.~.+: ;n may s~ any t~me. e~tn~r bsfore w aher dsl~~puency. pay the same w~thout wa~v~ng or aHecf~ny the optwn to ~oreclose. a any r~yn2
' .-F- e.ery payment so mWe shall b~ar mt~rest from the date thsrsof st the rate of ten per cent 1109~) per annum
j ~ ~,y'j ~ 3 ,,~r;; j_ w~R keep afl real snd personai prc~perty now w he~eafter encumbered by the t~en o~ tFus mortyape ~nsured as may Ge reqwred from ume 20
pe
4 • , :.,>r, .:~:on aga~nst ~oss Gy ?~ro. w~ndstorm and othar hsra:ds. cawatnes and conungenues fo~ suc~ per~ods arxf ior not less than wch amounfs as
V 7 , ihe Assousuon and to pay prompily when due a~l prem~ums for such msura~+ce Mortyapor agrees to delrve~ renewat o~ reWacement
F C~ ,•,:..~e or rsp~acement cernhcates ot ~nw~ance to tAe Assouat~on st least ten (10) days Dr~or to the eRpuaaon o~ anrnversary dafe ol the ea~stmg
S Q 8j , ,_..r; o~ msurance requ~red by the Assoaatron sha61 ps m~rnmum artwunts fo. wh~ch sa~d ~nsura~ce shatt be wrrtte~i and rt shall be ~ncumbent
{ d~ _ to ma~n;a~n such sdd~nonal mwrance ss m~y be nscess~hr to mee~ a~d compfy Iu~~Y W~th a~~ co-~nsurance requ~rements contamed ~n sa~d
E ~ Z~~ , . rnat sa~d Mwtpapor ~s not ~ co mwror fhareu~de~ ~nsur~nce shs~l be wntten by a company or ~omps~ues spp~oved w des/gnated by Me
~ ~ M`.,,. pol~ues and renewils tAersof shsll pe hel~i by tt~e Assouauon Alt detaded des~pnauons by the Mortyagor wh~ch are accevted by tne
N~ a ~ e~reements Detwsen Mortpspor and Assouatan rsiat~ng to msursrxe. now ex~sUnp or hereahsi made. shall be ~n wnuny and shait De a pa~t
~ ~ 0~ •f .;reeR~em as ~ully is thouqh set lo~th vsrbsum here~~ and sha~i po~•ern both perues herero and theu wccessors and ass~gns No t~en upon any
~ F- ~ > surance or upon any retund a roWm pram~um wh~cA maY ~ PsY~ ~ancelWtan or term~natwn tnereol. sha11 be flrven to otner than
g L~~ e p t b y p r o p a~ e n d o~ s e m e n t a H u s d t o s u
c h p o f K y a n d a p p r o v e d b y t A e A s s o c~ a u o n E a c h p o 1 K y of ~n s ur anc e shaU have afheed tnere~o a
~ r' ~ 5•.:. ,f r,.-:. v ~•ti. Mortyagee Clause without Contnbutwn. msbnp s~Y~oss a losses unde~ wch polrcy payable to the Assouatwn ss ~ts ~merest may appea~
~ ~ O~ •-.-,c, n or sums o} money become paysWe thereundsr, tAe Aasouahon shsll have the opUOn to recewe and applY the sarne on account of lt~e
Y ;,,t,~: ! e~ . 1 , zewrM. or to perm~t the Mortpapor to ~ecerve and use rt. a.any part thereol. w:ihout thereby waw~nq or ~mpa~nng any equrty. t~en o. nght
~ ~ Q~ o~ th~s mortgaye In event ol bss or physiul dsmape to tne mortpayed propertY. the Mortpapa sha11 ~ve ~mmsd~ate noUCe tAereof by ma~~
~ ,nd the Assocutwn may m~ke p~ool of bss d the same ~s not msde promptly by the Mortpaya In evem ot for~clowro ot th~s mort9age. or
~ O ~ • a e to the mortg~flsd property. ~n ext~nqwshment ot the ~ndebtedness secu~ed he~eby. all n9ht. trtb and mterest of the hbrtg~por m and ~o
~ ~ ~~ez thc~ force shalt pass to the purc~~ssr a p~antee The MortQapor lurther a9~ees to ab~de by the ruies and ~ustiny rspulat~ons ot tAe
~ i_ ~ 0.
"n„ A~.s~>, :.at ::,•:necta~ w~th requusd ti~sur~ncs covsraps ol tM propertr Asrem sncumWred
~ t Par.3.ara::', 4 a~.f those wh~ch (Wlow ~n conU~n~d on tM r~wr~ sde ol tA~s mortpap~ ~r+d by nfe~~nce are u~cwpwatW ~nto tlM bodY d this mottQsg~.
,`s~~ ' n~ terms ?.1~:~t,:3yo~ and Aisrr~atWn, wAenever used ~n Ih~s ~nstrument, ftyl) ~ntludt thC hprt. personal representauves. wcceuo~s or aSSpnt O~- tht ftfptC4rQ pi[t~lf
' ~->•o. Where~e- ~..se~t. ;he i~n~,~'a~ number sha11 ~nclude tAe plursl snd Me plural tht singulx. a~d tAe use of any qende~ sl~all ~ncluAe all qenders. - -
~
~ ~N W~TNE55 WNEREOF. th.st pr sve Daen e¦tcuted on the dsy snd yea. tvst sbovs vNrtten. . ~
~ ~ S~d. ua~ed aod dei~ve~e0 n ~ Prcslnce o.
~ ; -~,~_i~t~/ fJ~ _ _ ? ~ C~c ? CREATIVE HOMES BY MATHIAS, INC . ~~a~~
i •
, ~
_ B[~'
~~~~%~~~~1/~t~t / ' ISEALI
b~ICHAEL D. MATHIAS, as President.
~ ~ ~hred • In Payn~n Of Tnc~s ~sEA.~?
- - ~b~"Ctes~ "C'Tritanp 1 PropKtY.
Pursuent TO Chapter 71, 134, ACts Of 1971~ _ ISEAII
- RO(iER POITRAS ~ .~`"0'~.
_ ~;FfR~iT~n Coun. St. Luc~L~V • ' _ -
,~n.TC OF - -
F^ ~ Y.E~ , ~9~.~ er ~~~tiew._:^
~ The fr,r~go~ny mf~~umen: was ac~nowledged be~ore me lAif_ ~
MICHAEL D MATHIAS, as Pres,i'~$i~~~'~~O~t~C IVE HO~ES Y HIAS '
~ INC . , a Florida corpor' at io~ ~
:
• ~`f ';',e, y~= _ , - - . ~ . ~No
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~ My comm~ss~on txp~res . . - - _ - ' ~ _ .
~ MOtnttr Muc s~• rF rs <<OR~O~? Ai u?IIC~ i- y d,: .
= Mr CA+w~iSS~ON ExtiRES ~uul . t1 !~i - :'1?~+~~I S~+ee o~ -
•N• ~t
~ ~ 1!!Il GENERAI INS ~ +J:RtIYRI fER~ ~ ' r` ~•'i ~ ~ ~ti ~ • ~ .r(r nr,~ c,~` ~w.~ -
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