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HomeMy WebLinkAbout2467 THIS MORTGAGE INDENTURE c-267A E.KUtod thi: rtay of March • A•D••'9 7 9• ~ NORMAN C . GROS5BERGand RITA E . GROSSBERG, husband and wife, ~~65 party of the first part Iheroinatttr felled Mortgagor), to 3 CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corpasuon existing urxfer tM laws of the Untied Suter of America, party of the second part Iheranalter called the Assocwanl, W17NESSETH, That to divers good and vslualsle contideratans, and to secure tM payment of the aggregate vein of money rramerl in the prOmissOry note ul even date nerevwth, hereinaf[er mentioned, togetlicr rviM interest thereon and sli other wms of money secured hereby as hereinal[er provided, the Mortgagor does gran[, tsaiysin, sell, alien, remise, release, convey and confirm unto the Assocauon, in fee simple, thf lolrowrng described real estau, of which the Motgagor rs now sewed arw possessed arxf m xtual possession, filua/e in the county Of $ t . Lucie .state of f lorida, legally drscril,cd as follows: Condominium Parcel No. 5319 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. TOGETHER with all structures and improvements now and hereafter on card land oriel the fixwres attxhed thereto, also together wiM all and sirrgulsr [ne tenements, naeddaments, easements, riparian rrgltts and appurtenances thereunto belorrgirrg, w in any nose appertaining, and the rents, issues, end profits thereof, and also an the esute, righ[, title, interest and all claims and demands whatsoever, >s well in Isw as in equity, of said Mortgagor in and to the sense, and every part and parcel thereof, and also all gas and electric liztures, rsdrators, heaters, sir conditioning equipment, machinery, boilers, rsrrgei, ekvatots and motors, bathtubs, sinks, wafer closets, water basins, pipes, faucets, and other plumbing and heating Fixtures, mantels, refrigcraung plans and ice bones, window screens, screen doors, venetian blinds, storm shutters end awmrrgs, which are now or may hereafter pertain to or be used uwth, in or on said premises, even though they be detached or detachable, are end shall be deemed to be Itx[ures and xcessions to the Ireehold and a part of the realty, and, it the above described property is now or shall hereafter be used for commercial purposes, then the furniture and lurnishingi and any replacements thereof which may be owned M the Mortgagor and which are raw or may hereafter be located upon the above described poperty. TO HAVE AND TO HOLD the same. together vwth all the estate, right, tick, interest, homestead, dower and right of dower, separate estate, possession, claim and :remand whatsoever, in law or in equity, of the said Mortgagor in and to the same, and every part thereof, unto the said AuocNtion in fee simple. The Mortgagor hereby covenants with the Association that the Mortgagor is ir?defeasibly seized with the absolute and tae simple title to sad property. a^d has full power, and lawful authority to sell, convey, transfer and nartgage the same; that it tliall be lawful at any time hereafter fa the Association to pexeaWy and quietly enter upon. nave, hold and enjoy said property. and every part thereof; that said property K free and discharged Iron all liens, encumbrances, and claims of any kind, including razes and asses:meets, except the lien hereof, which is a first lien on said property: that the Mortgagor will make wch further aswrances to perfect the tee simple title to sad property ~n the Association as may reasonably be required; and that the Mortgagor does hereby fully warrant unto the AttOCiatiorr the tick to sad property and will defend same ,i~oinst the mortgage cuims and demands o1 all persons whomsoever. NOW, THEREFORE, the condition of this mortgage is wch that d the Mortgagor shall well and truly pay unto the Association, the indebtidness evidenced by that certain promissory note, of even date herewith, made by the Mortgagor and payable to the Associaton, m the principal vein of Thirty-Five Thousand Nine Hundred and No/ 100------- DOLLARS ~s 3 5 , 900.00 together with interest as therein stated, payable over a tam of 348 rtanths, and steal, ~rform, comply vnth and afaide b1r each and every the stipulations, agreemMrs, conditions aril envenoms coma+nal and set forth in this mortgage and in the promnswy note secured hereby, then this mortgage and the estate hereby created shall cease and be null and void. AND the Mongspor does hereby covenant and spree: 1 To pay all and singular tM principal and interest end other wms of money payable by virtue of sad promissory note and this mortgage. a edher, promptly on the days respectively the same severally become dw. 2 To pay ell end singular fns razes. sssessmertts. other poveremsngl levies. lisdkties. obligations and encumbrances of every nature on sad described property and the related debt atquisitioe each and every when dt» and payable accoroinp t0 law. bsforo they Decoms desirtgrient and. d the same shall not bs promptly pad. the Association may st arty time, either beforo or aher delwsquericy. WY the same without waivirp a affecting the optan to forecbse. or any rrgtit hereunder. and every payment so made sfssN bNr intsrsst from tlis date thereof at the rate of ten per cent I10%1 per amum. 3 That the Mortgagor wxt keep all real end personal properly raw or tterssftsr encumbered by the Iran of tMs mortgage insured as may bs required hom time to time by the Assocatron against loss by firo, windstorm and other hazards. uwslues and continpencres for wch periods end for rat less than twdt amounts as may tie required by the Assixiation and to pay promptly when due all premiums for wch irrwrarice. Mortgage agrees to dekvar renewal a replacement policies of any nature w replacertisnt urtrfitstss of insurorxe to the Assotiatan, at least ten 1101 dsK pier to the expiration a anniversary date of the existing policies The amoun~s of inwrance required by tits Aseociation shat{ bs muumum amounts for which said inwrarice shall be written and it shall be incumbent upon [he Mnrtgaga t~ maintain such adddioesl insurance ss may be necessary to meet and comply fully with sli co-mwrsrice rsquuemeets contained in said y T ~ policies to the end that said Mortpspor is rat s co-insurtx tMreundsr. Insursrxe shall be wnnen by a company or companies aDProved or dssigr'ated by the Association an,1 all polities and renewals thereof shad be held by the Association All detailed dssignstans by the Mortgagor which aro accepted by the o m Association and all agreements between Mortgage end Association relatirp to insurance. now exishrp or hereahsr made. shell bs in wrdirlg and shall be a part Q p ~ of this mortgage agreement as fully as though set forth verbatim Mrsin and tihall povem both ptrties hereto and their stxcsssors end assigns. No lien upon airy ` of sad pdicies of inwrarice o. talon any rofund or rotum premium vvfwch rtuy bs payable on the gricelletion a termination thereof. shah bs pwen to other than M the Associatan, except by proper endorsement affixed to such policy and approved by the Association. Each pokey of insurance shall have affuted thereto a Z ~ M Standard New York Mohgapse Clause without Contribution. reeking ell loss or losses under such policy payable to the Associatan as its interest may appear ,r n cA co In the event any vein a wms of money become payable thereunder. the Associaton shall have the optan to receive and apply the same on account of the rn- ~ ~ debtrtdrress hereby secured. a to permit ttss Mortgagor to receive and use it. or any part thereof. without thereby waivirtg or impairing airy equity. ken or right I W ~ p under and by virtue of tMS mortgage- fn event of bas or physical darnspe to the riartpsgsd property. rtes Mortgagor shell give immediate notice thereof by mail to the ASSOCiation and the Assotistion may make proof of bas if the same is rat made prompty by the Mortgagor. In event of torecbwre of this mortgage. or F- S - _ ~ ~ other transfer of htle to the mortpapsd property. in sztinpurshrttent of the indebtedness secured hereby. stl right. btk and interest of the Mortgagor in and to Bf ~ ? ~ i any inwrance polices then in torte shall pass to the purchaser or grantee. The Mortgagor further agrees to abide by the rules and existing regulations of the 3 es Association. m convection with requirod insurance coverage o/ ttte property herein encurnbersd co ,r Q Q ~ - _ ~ n' _ _ DpF ON ClAS~;`~" !!f PAYMER OF TAXES ~ f'>)R.,JAtIT TO CYw=r:- 7!-:'i, A~fS OF 197E is ? ~ kji:iY F;,1jkK - . _ sT urr~ era. w~ - 4 Paragraph 4 and those which tdbw aro contained on tM reverse side of this mortpaps end by reference are incorporated into the body of this mortgage. t~; The terms Mortgagor and Association, wherie~xr used m this instrument, shall include the heirs, personal representatives, wccessors or assigns of the respec[rve parties hereto. Wherever used, the singular rwitiber shall include the plural and the plural the sir?gulx, and the use of any gender shall rrxlride all genders. IN WITNESS WHEREOF, these premises have been etCecuted on the day and year fir above written. Signed. sealed anddNi~e}edlasAtpresertce of: ~ j~ j f ~ t 1~~j ~ r~' ~,1' ! 1•~. +1•.~~/' ~ (SEAL) ~:al ~6n i _ ~ Y ~ N peen . ' ossberg ~ •_4_-~ ISEALI ;:re or ry ` f',erritt ~ Rita E. ss erg ISEALI ISEALI eg ~i SzaTE OF MICHIGAN COUNTY OF~~~~- • The foregoing lnsSrrivterd was xknowtedged before me this day of March _ , lg 7 9 by NORMAN C . s GROSSBERG and RITA E. GROSSBERG, hue n and w' . ~ k'.~ iCY C. AUCtiSPf it l~`EN~R ` i ' Notary Pu~Cc 17ane County, t~;ch. - My Com/pitsiOn expvK _ - Ctl'lg i7 - . - ~ _ MY Cent„•;;~;;,~ ExpirGS fan. 21, 1St Notary Public, State of Michigan f! fl ~ r~~U~ geii~ cri15 err.