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Home My WebLink About1238 53514-2 V THIS MORTGAGE INDENTURE E xeCwld fns 15 wy of March , A.D., Is79 , by `~~1~b9 RAYMOND PAGTAU and LYNN PAGEAU, husband and wife Uarry of tM first part (herernaftN called Matgagesl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation exrsurg under tM Isws of the Unwed States of Amersca, party of the second part (herernaher called the Assocrauonl, WITNESSETM, That les drvds goal and valuable considerations, end to secure the payment of the aggregate vein of money named rn the promswry note ul even date herewith, htreirsaltN mentrased, together with interest therea? and all other sums of matey secured hereby as frerernalter provided, the Mortgagor does grant. tJarg,lrn, sell, al+en, remise, release, convey end confirm unto the Auocratan, in lee simple, tM tollOwrng descr rbed real estate, of which the Me tgagor ss now sewed and possessed aril rn actr:al possession, situate in tM County of $t . Luei e , State of Florida, legally rfeSCrrblll asfollovvs. Condominium Parcel No. 5324 of Golf Villas, a Condominium as per the Declaration of Condominium thereof, recorded in Official Records B 302, Pages .1250 through 1326, all of the Public Records of St tie County, Florida. SUBJDCT TO reservations, easements and restrictions of record. TOGETHER wrth all structures and rmprovNMnts tww and 1terNfter on said land and the fixtures attached thereto, also together wrth all and singular the tenements, hereddarrsenls, easements, riparian rights and appurtenances thereunto belonging, a in any verse appertainrrg, and the rents, issues, and prolrts thereof, and alw all the estate, r ~qht, true, interest and all clarms and demands whatsoever, as well in law as in equrry, of said Mortgagor rn and to the same, and every Part and parcel thereof, and also all gas and electric fixtures, radiates:, heaters, err condhroning equipment, machinery, boilers, ranges, elevates and motors, bathtubs, sinks, water closets, water twsms, pipes, raucets, and other plumbng and heating Irxtures, mantels, retrigeratirg plans and rCe boxes, window x.reens, screen doors, venetian blinds, storm shutters and awnings, vrrhrch ,r a now or may hereafter pertain to or be used wrth, in a on card premises, even though they lse detached or detachable, are and shall be Aeerrred to ire fixtures and .+ccesswns to the lreehoW and a part of the realty, and, it the above descritx?d property is now or shat) he+eaher be used for commercial purpoxs, then the lurmture and fwmsh+ngs arx! any replacements thereof which may txe owned by the Mortgagor and whrth are now a may hereafter ire located upon the above descntsed properry• TO HAVE AND TO HOLD the same, together wrtA all the estate, right, title, interest, homestead, dower and right of down, separate estate, possession, dorm and demaed whatsoever, in law or inequity, of the said Mortyagor in and to the same, and every part thereof, unto Me said Association in IK simple- The Mortgagor hereby covenants wrth the Association that the Mortgagor is incleteasibly sewed wdh the absOlu[e and (ee simple title to said property, and has lull pO.Kr, and lawful authordy to sell, convey, transfer and mortgage the same: that it shall be lawful at any tune lserealter fa the Assa;iauon to peaceably and quietly enter upon, nave, hold and enjoy card property, and every part thereof; that said property is tree and dixharged Irom all Irene, encumbrances, and clarms of any kind, rncludrng taxes and assessments, except the Iran hereof, which rs a first hen on card property, that the Mortgage will make such further aswrarrces to perfect the fee simple title to saxf proper [y .n the Associauon as may reasonably lxe required; and Mat the Mortgagor does hereby fully warrant unto the Assocrauon the true to sane property and will cfetend same 'a.++nst the mortgage clarms and demands of all persons whomsoever. NOW, THEREFORE, the condrbon of this mortgage rs wth that il the Mortgagor shall welt and truly pay unto the Assocrauon, the indebtMlness av~denced by that certain promissory note, of even state trerewith, made by the Mortgagor and payable to the Associarion, in the pencrpal win ~~f-------11'HIRTY''rW0 THOUSAND, SEVEN HUNDRED------------- DOLLARS ~S 32 , 700.00 1. together vwth interest as thErem stated, payable over a term of months, aruf shall perform, comply wrth and abide by each and every the supulations, agreements, corninions and covenants contarrtecf aril set forth in the mortgage and m the promissory note secured hereby, then Mis mortgage and [he estate hereby created shall cease and lx null and void. ANO the Mestgages doss hereby covenant and agree: 1 To pay all and singular the principal end interest and other wins o1 money payable by virtue of said promissory note and this mortgage. a either. pomptly on the days respec[rvety the same severally become dos. 2 To pay all and singula? tiro taxes. esssssments. other governmental lesnes. Irobtlitros. oblpatrons and encumbrances of every nature on sad described property and the related debt acquisition each and every when dw and payable sccesdrng to law, before they become delinquent and. tl the same shall rat be promptly yard. the Assoc,atan may at airy bins. srther befes a slier dshnquerscy. pay the same without waning a affecting the optan to feseclose. a any right hereunder. and every payment so mods shah bear interest from the date thereof st the rate of ten per cent (10961 per annum- CO 3 That the Mortgages war keep all real and personal property now es hereaher encumbered by the hen of tlx: mortgage insured as may be requutsd from trine to ~ wine by the Assocrabon against IosS by firs. wsedstesm and other hazards. casuslbes and conbngencres fa wch periods and fa not less than wch amounts as m may be regwred by the Associatan and to pay promptly when due all premiums for wch rnwrarsce Mestgaga agrees to deliver renewal a replacement ~ policies of any nature or replacement certrfrcate5 of insurance to fete AssOCratron. st least ten (101 days pray to the expiratra? a anniversary date of the existing 4 N a1 polities The amoun•s of rnsurarx:e required by the Assoaabon shall be mtrumum amounts fes wMch said rnwrance shall be written and rt shall be recumbent _ J M upon the Mortgages to maintain such edddionei inwrarice as may bs necessary to meet and comply fully wrth alhco-insurarsce requirements contained rn sad _ ~ m policies to the end that said Mortgages is not s rn-inwres thereunder. Insurance shall be written by a company a companies approved a designated by the ~ m Association anJ all pOlrcres and renewals thereof shall be held by the Associatan All detailed designatrass by the Mortgagor which are accepted by the ~ .p Assocratron and all agreements between Mortgagor and Association relebng to assurance. now exisarsg a hereafter made. shall bs in wining and shall be a part .:.1 O of tfus mortgage agreement es fully as though set forth verbatim harem end shell govern both parties hereto and their successes: end assigns. No Iran upon any 4-- ~ of card pdreres of inwran:,e a upon any refund a return premium virlsicts may be payable on the carscegatan a termination thereof, shell be given to other tlsan ~ the Association, except by proper ersdorssrnent sffrxed to wch pOlrcy and approved by the Assoaatan. Each Policy of mwrarsce shall have affixed thereto a - ~ Starsdard New York Mortgagee Clause vrithout Contribution. malung all bas a losses under such pdrty payabb to the Association as its interest may appear ~ ~ In the event an sum a wins of money become payable thereunder. fete Assocro[an shall have the options to reserve and apply the same on account of the in- ' 3 Y ~ debtedness Isereby secured. es to permit the Mortgages to race 1 dam u to the ~tpart thereof. writhe Mortr a~ wshall g ve rmm radiate rmiobc~e tryherreot es mga I under and by virtue of this rtsestgage In event of loss a physics age gaged DroPertll• 9 f~ fP i - Q 0 N to the Assocratron and the Association may make proof of bss it the ssrrro is rat made promptly by Ilse Mortgages. In event of taeclowre of this mortgage. a L Q other transfer of bile to the mortgaged property. in sxbngstrshment of the indebtedness secured hereby. ell right. bile and interest of the Mestgages in and to any inwrance policies then m fete shall pass to tiro purchaser a grantee. The Mortgages further agrees to abide by the rules and exsbng regulatresss of the r-- 5 U.. Associatan. rn conneciwn vnth rsquued inwrance coverage of the property harem encumbered i r - - - ~ - ~ ~ In Pei+ment Of Taxes _ - ~ >g - - _ - ' - . _ - ~ . ~ _ aecetved nal Ptopeftl/• - _ •.;ti- . ,j ••C•• Intangible Perso _ - ~ . f p~ On Class Acts Of 1871 y pfusuant to Chapter 71. 1 ROGER POI~~ 4 Paragraph 4 and those wlxch lotbw errs contained on the reverse side of this a~d,~~s•~rld~stlfO%hto see body of sfus mestgage. ® The terms Mortgagor and Associatan, whenrm used in this instrument, shall include the heirs rsonal represMtatives, successors a assigns of the respective parties hereto- Wherever used, the singular number shall include [he plural and the plural the singular, and t use of any gender shall rrtclude all genders. IN WITNESS WHEREOF, these premises have been executed on the day and year first above ten. nod, sealed a ~ td rn t e e~ence - ~ _ ~ , / ~ ISEALI ~ ~ ~ PAG n 's / / ~ ISEALI ,L U ISEALI _ - ' fSEAL1 v r STATE OF FLORIDA COUNTY OF ST. LUCIEi(,, - _ • the foregoing instrument was acknovNedged fxlore me this 1`5 day Of Jtla1~-_ , 19 b1l ~ .S RAYMOND PAGEAU and LYNN PAGEAU, husband and wife ~ 7 , ~ I~ENO~ER s My comet,ssron expires ~ - a c r K STA SB'(, 6198 ~ ~,,,Oy~ ~ M~ ~ r~~ I)f,~WRl1fR~ .Notary Public. }Ste of -,ter-~ ~t~~ - l! . t:~ti ° R 3(17 ~ BOGx •~~t - - , ~