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Home My WebLink About1105 s-5880 Ds ~~.;~~4~ C-285A kc THIS MORTGAGE INDENTURE 53625 -2 Executed this 1Fi wy a March , A.o.. 19 ?9, by CHARLES L. UMPHSRSON and JUNE S. A. UMPHTRSON, husband and wife patty of ttie brit part (hlreinatlN called Mortgagal, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing under Me laws of the United States o1 America, party of the second part (hereinaftn called Me Associationl, WITNESSETH, That for divers good and valuable consderauons, and to secure the payment of the aygregate sum of money named m the piom+swry noir cal even datr nerevath, hereinafter mtntwned, together vrth imerest thereon and all other wins of money secued hereby as hereinaftp provirtcd, the Mortgagor sloes yrant, G,iry.iin, sell, .,hen, remsee, releast, convey and confirm unto the Assocrauon, m fee smipk, tM following dexnbed real estate, of which the Matyagor is now se+eed and Wssesard arxt m actual possettion, situate m the County of sSt . LUCie , State of Florida, legacy ilexribed as follows: Condominium Parcel No. 5215 of Golf Villas, a Condominium as per the Declaration of Condominium thereof, recorded in Official Records Book 302, Pages 1250 through 1326, all of the Public Records of St. Lucie County, Florida. SUBJECT TO reservations, easements and restrictions of record. TOGETHER wrth all structwes and improvements now and tiereaf tp on sad land ancf the fixtures attached theeto, also together oath a!I and s,ngular the tenements, nereduamMts, easements, riparian rights and appurtenances thereunto tiNonging, or m any verse apperta+mng, and the rents, issues, and profits thereof, and also all the estate, nyht, title, mterest and ail claims artd derdands whatsoever, as well m lave as m egwty, of sad A1or tyagor m and to the same, and every Part and parcel thereof, and aho au gas ancf electric hxtwes, rad+ators, heaters, air conditioning egwpment, maChiriery, tx)ders, ranges, elevators and motors, bathtutn, sinks, water closets, water basins, pipes, faucets, and other plumbing and beating hxtures, mantels, reingerating plans and ice bones, wiritow screens, xreen doors, venetian blinds, storm shutters and awmnys, wtuch ,re now or may hereafter pertain to or be used vwth, ~n or on said premises, even though they be~ detached or detachable, are and shall be deemed to tie fixtwes and .iccessi;,ns to the freehold and a part of the realty, and, if the above dexnbed property rs now or shall hereafter be used for commerual purposes, then the furmtwe arnl lurnishuiys and any replacements thereof which may be owned by the Mortgago+ and which are now or may hereafter tae located upon the above descritxtd property. TO HAVE AND TO HOLD the same, together with all the estate. right, title, mterest, homestead, dower and right of dower, separate estate, possesvon, chum ancf demand whatsoever, in law or m equity, of the cant Mortgagor in and to the same, and every part thereof, unto the card Association in tee simple. The Mortgagor hereby covenants with the Association that the Mortgagor is indefeasibly wired wish the absolute end fee simple tick to said property, and has full power, ancf lawful authority to sell, convey, transfer and mortgage the same, that rt shall tie lawful at any ume hereafter for the Association to peaceably and yu:etly entM upon, nave, hold and enjoy sari property, arnf every part thereof: that said property is bee and dixharged from all liens, encumbrances, and claims of any kind, inclixi~rig razes and assessrtients, except the lien hereof, which is a first hen on said property: that the Mortgagor will make such further aswiances to perfect the fee simple title to said property ~n the Association as may reasonably tie reyuued: and that the Alortgagor does hereby fully warrant unto the Association the title to said property and wdl defend same against the mortgage clams and derturuls of all persons whomsoever. NOW, THEREFORE, the condmon of thn mortgage is wch that d the Mortgagor shall well and truly pay unto the Association, the irntebteclness rv~denced by that certain promissory note, of exn date herewdh, made by :he Alortgagor and payable to the Association, in the principal win ~I-------- THIRTY-THREE THOUSAND, FIVE HUNDRED------------- DOLLARS 5 33 , 500.00 1, together vmth mterest as therein stated, payable Darr a term of 3OO months, and shall cTerform, comply with and at,rtle by each and every the stipulations, agreements, condnions and covenants conta,nerf and set torrh m this mortgage and m the promissory note secured hereby, then this mortgage and the estate hereby created shalt cease ancf be null and vo+d. AND the Mortgagor does hereby covenant and agree. 1 To pay all and singular the prinGpal and mterest and other sums of money payaf~le by vutue of said promissory note and this mortgage. or edher. promptly on the days respectively the same severally become due. 2 To pay all and singular the taxes. asseuments. other governmental levies. 6abilrt+es. obligations and encumbrances of every nature on said described property and the related debt acquWtwrt each and every when due end payable according to law. before [hey become delinquent and. ~f tfte same shall not be promptly paid. the Associatwn ms?~ at any ume. ertlter before or slier delinquency. pay the same without waving a affecurig the option to foreclose. or any right hereunder. and every payment so made shall bear interest from the date thereof at the rate of ten per cent (10%1 per annum ra 3 That the Mortgagor wut keep all real and personal property now or hereaher encumbered by tfie I+en of this mortgage insured as may be required from ume to c ~ ~ time by the Associatwn against loss by hie. windstorm and other haiards. casualties and cont+ngenc+es for such periods and for not less than wch amounts as ~ ~ m may be requred by the Associat+on and to pay prompt! when due all y premiums for wch insurance Mortgages agrees to deliver renewal or replacertient C ~ pohc,es of any nature or replacemem certificates of ~nwrance to the Associat+on, at least ten 110! days prwr to the expiration or anniversary date of the existing Q ~ Ol pol,ues The amoun•s of inwrance regwred by the Assoc+ation shalt be minimum amounts for wh+ch sad insurance shall be written and it shall Oe incumbent _ _ ,L ~ upon the Mortgagor w maintain such additional mwrance as may be necessary to meet and comply fully with all co-mwrance requirements contained m sad Z ~ M policies to the end that card Mortgagor snot a co-inwror thereunder. Inwrante shall be written by a company or companies approved or designated by the O Association an,t all policies and renewals thereof shall be held by the Associat+on All deta+ied designatans by the Mortgagor which are accepted by the ~ ~ Association and all agreements between Mortgagor and Association relating to inwrance. now existing or hereaher made. shall be in wrrong and shall be a part _ ~ O of this mortgage agreement as fully as though set forth verbatim herein and shall govern both parties hereto and [heir wccessors and ass+grts No hen upon any - O of said polices of insurance or upon any refund or return premwm which may be payable on the cancellation or terminatan thereof. shall be given to other than ~ ~ ~ li the Association. except by proper endorsement aNued to wch policy and approved by the Assoc+at+on Each policy of inwrance shalt have affixed thereto a { - ` Standard New York Mo•tgagee Clause vnttiout Contribution. making all bas or losses order wch policy payable to the Association as its interest may appear ^ ~ ~ In the event any sum or sums of money become payable thereunder, the ASSOCiatWn shall have the option to receive and apply the same On account of the m- E _ ~ > debtedness hereby secured, or to permit the Mortgagor to receive and use it. w any part thereof, w+thout thereby waiving or +mpainng any equity. hen or right i ~ urxfer and by wrtue of this mortgage In event of loss or physical damage to the mortgaged property. the Mortgagor shall give immedute nonce thereof by mail ~ = Q C N to the Association and the Assoc~atan may make proof of loss if the same ~s not made promptly by the Mortgages In event of foreclosure of this rtiortgage. a ~ ~ other transfer of title to the mortgaged property. rn extinguishment of the indebtedness secured hereby, all right. atle and interest of the Mortgagor in and to i = Z any +nwrance pOl+ces then m force shall pass to th¢ purchaser or grantee. The Mortgagor further agrees to abide by the rules and existing regulations of the 1-- ~ CL Association m connectan oath required mwrance coverage of the property harem encumbered ~ ~a Reereilrea a (07~ ~9 - . In Payment Oi Taxes ~ Otte On Clas , ••C•• Intangible Personal Property, • _ _ ~ pursuant To Chapter 71, 134, Acts Of 1871. ROGER POITRAS . _ Cleric Cireuh Court, St. Lucie ~ - _ _ . Co., Fla. 4 Paragraph 4 and those which follow errs contained on the reverse sde of tMs mort a and reference are inCor y gage. g ge by posted into the bod of this mort r The terms Mortgagor and Assocrauon, whene~+er used m this instrument, shalt include the hors, personal representahves, wccessors or assigns of the respective parties ~~rreto. Wherever used, the singular number shall includt the plural and the plural the singular, and the use of any gender shall +nclude alt genders. IN WITNESS WHEREOF, these remises Rave been executed on the d ,1 p ay and year first above wr+ften. Signer, sealed and dNivelerf in the presence jd' 7 " ~ - ~ ISEALI - ES L. N ISEAL? E S. A. iP i ISEALI - ISEAL) ~ j f y STATE Of - ~ ~LbR~YTy~ COUNTY,OF ST . LUC IE _ , ThaJoregwrtg ~ns[rumeni'wafacknowledged before me this_~ day of ,-r ark'-h , 19~ by ~~ts -c~ ~ CSAR;.SS L. UMPHBRSON and JUNE S. A. UMPHERSON, husband and wif NO~ER r _ My cpm+sussan expires i ~ ~ , AAY COMMISSIC?N f7VIRES 1I1N. Z6 f9tt2 ~D iHRU (~t~RAt INS. lRt>~RIMRtT1;~ Notary Public, State of ~ Ri`.'~r 305 ~ ~ .11,03 ~