The URL can be used to link to this page

Home My WebLink About1247 THIS MORTGAGE INDENTURE '}~1~~~i~5439-2 l~ / Executed this 30 my of uarch , A.o.. ,s ?9. br ' JERRY R. JONES and ELLEN S. JONES, husband and wife party of tM first part lhereirsatta called frAoitgagorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation exsting under the laws of the United States of AmerKa, party of tM second part lheranslter called the Associatanl, WITNESSETH, That for dryers good and valuable considerations, and to secure the payment of the aggregate win of rtioney named rn the promissory note ul even elate nerevwth, fsereinatta mentioned, together vwth interest thereon and all other sums of money secured hereby as heieinalta D+ovidcd, the Mortgagor does grant, btryein, sell, alien, rerriise, release, convey and confirm unto flit AssocNtwn, in tee si+rwle, the following described real estate, of which the Mortgages n now sewed and posststril arxt in xtual possession, situate in the county of St . Lucie , Sute of Flails, legally rlrunl+M as follows: Condominium Parcel No. 5326 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 restrictions, easements, reservations and covenants of record. TOGETHER with all structures and improvanents now and hereafter on said larxl and the fixtures attached thereto, also together with all and trngular the tenements, hertditamMts, easements, tiparian rights and appurtenances thereunto belonging, a in any wife appzrtainrrsg, and the rents, issues, and profits thereof, and also all the estate, nyht, utk, loftiest and all claims and demands whatsoever, as well in Isw ss in equity, of said Mortgagor in and to the Barrie, and every Dart and parcel thereof, and alw all gas and electric fixtures, radratws, heaters, au conditioning egwpment, machinery, boilers, ranges, elevators and motors, bathtubs, sinks, water clouts, water basins, pipes, faucets, and other plumbing and heating fixtures, mantels, refrgNafirg plans and ice boxes, window ,i:reens, screen doors, venetian blinds, storm shutters and awnrriys, which ,re now or may here~ter pertain to or be used with, in o. on said premises, even though they be detached or detachable, are and shall be deemed to tie fixtures and accessions to the freehold and a part of the realty, and, it the above described property n now or shall hereafter tie used (or commercial purposes, then the Iwniture and turnnhirgt arxf any replacements thereof which may tse owned by the Mortgagor and which are now or may hereafter be located upon the above described property- TO HAVE AND TO HOLD the saint. together with all the estate, right, tide, interest, homestead, dower and right of dower, separate estate, possessan, claim and demand whatsoever, in law or inequity, of the said Mortgagor in and to tfie same, and every part thereof, unto the said Association in fee simpk. The Mortgagor hereby covenants with the Association that the Mortgagor is rndeleasrbly seized with the atnolute and fee simple title to said property, and has furl power, and lawful authority to sell, convey, transfer and mortgage the same; that it shall be ,awful at any time hereafter for the Association to peaceably and quietly sneer upon, have, hold and enpy said property, and every part thereof; that said property is flee and discharged from all bens, encumbrances, and claims of any kind, initludrng taxes aril assessments, except the lien hereof, which n a first hen on said property; that the Mortgayor will make such Iwther aswranttt to perfect the tee simple title to saxt property rn the Association as may reasonably be rtgwred; and that the Mortgagor does hereby fully warren unto the Association the title to said property and will ttelenrt same )yarnst the mortgage claims and demands of all persons whomsoever. NOW, THEREFORE, the condition of this mortgage is such tha? d the Mortgagor shall well and truly pay unto the Association, the rndebetdnris evrdenCtd by that certain promissory note, of even date herewith, made by the Mortgagor and payable to the Assocratan, m the principal win ~1 THIRTY-ONE THOUSAND, NINE HUNDRED------------- DOLLARS .s 31, 900.00 together with interest as theron stated, payable over a term of 348 months, ancf shall perlor m, comply uvith and abide by each and every the supulauons, agreements, conditions and covenants contained and set forth m this mortgage arxi in the promrswry note Secured hereby, then this mortgage and the estate hereby created shall cease an[f tit null and void- ANO the Mortgagor does hereby covenant and agree: 1 To pay all and singular the principal and interest and other wins of money Payable by virtue of said promissory rate and this mortgage. or either. promptly on the days respectively the same severally become due. 2 To pay all and singular fns taxes. assessments. other govemmsntal byes. liabhtiss. obligatans and encumbrances of every nature on said descnbsd property and the related debt acquisition each and every when dos and pays0le according to law, before they become delinquent and. it the same shall not bs promptly pad. the Association may st any time. either betas a aher dshrpusncY. pay the same without waning or aNechng the option to foreclose. or any right T hereunder. and every payment so made shall bear interest from the date thereof at tfw rate of ten per cena (109W per annum. i ~ 3 That the Mortgagor wit keep ell real and personal propsrry now or hereafter encumbered by the lien of this mortgage insured as may be raquued from trine to - ~ time by the Association against bss by fve. windstorm end other hazards. gsuslties and contingencies for wch perads and for not less than wch amounts as v r d may be requued by the Association and to pay wo+nPth tn?isrt due elf Premiums for wch mwrsnce. Mortgagor agrees to deliver renewal or replacement Q ~ t71 policies of any nature or replacement certificates of msurancs to the Assocutan, ai least ten 110) days prior to the expiation or anniversary date of the existing ~ policies The amoun•s of insurance rsquued by the Association shall be minnmum amounts for which sad inwrance shall be written and ii shall be incumbent Z upon the Mortgagor a maintain such additanal mwrsnce ss may bs necessary to meet and comply fully with all co-mwrsnce regwrements contained m sad `l ~ ~ by a company a co Y v ~ ch pobues to the end that said Mortgagor is not a co-inwra thereunder. Lowrance shall be written meanies approved or designated b the ~ Association an.1 all policies and renewals thereof shall bs Held by the Associaton All detailed desigttabons by tfse Mortgagor which are accepted by the i.; O Assoeeatan and all agreements bstvrsen Mortgagor and Association relating to inwrance. raw existing or hereafter made. shall be in writing and shall be a part O of [his mortgage agreement as fully as though set forth verbatim herein end shall govern both parties hereto and char wcussors and assigns No hen upon any ~ of said polities of inwrance a upon any refund or return premium which may be payable on the cancellatan or termination thereof. shall be given to other than ~ the Associatan. except by proper endorsement affixed to such policy and approved by the Assotiatan Each policy of mwrsnce shall have aHuced thereto a - - , = Standard New York Mo-tgagee Clause without Poritnbution. malting all loss or losses under wch policy payable to the Assotiatan as its interest may appear ' In the event any sum or sums of money become payabb thersurttfer, the Associaton shall have the option to receive and apply the same on accoum of the rn- i - debtedness hereby secured, w to permit the Mortgagor to receive and use rt. or any part thereof- without thereby waiving or impairing arty equity. lien or right ~ - G rn under and by virtue of this mortgage to event of loss a physical damage to the mortgaged property. the Mortgage shall give immediate notice thereof by mad ' ~ ~ to the Association and the Association may make proof of loss d the same is rat made promptly by the Mortgagor. In event of foreclowre of this mortgage. or other transfer of Ltle to tfis mortgaged property. in extingwshnient of the indebtedness secured hereby. all right. title end interest of the Mortgagor in and to 1- ~ ~ any mwrsnce polities then in force shall pass to the purchaser or grantee. The Mortgage further agrees to abide by the rules and existu?g regulatans of the Association. in connectan with required inwrance coverage of the property harem encumbered i - -r- : ~ T ~ _ : - - 3 . U In Payment Of Taxs! ~ • . _ _ ~ , ~i `Class 'C' Irnangible PersonalPropsRY. ~ - , ~ j Oue n pacts Of l871. ~ - - - ~ ~ - Pursuant 7o Chaplet 71, 134. " t ROGEF PO~~ _ _ _ r~``~ ' - _ - _ Clerk Circuit Court. St. Lucie. Ca. 4 Paragraph 4 and those which fdbw are contained on the reverse side of this mortgage and by reference are incorporated into the body of this mortgage Tht terms Mortgagor and Association, vvhenr+er used in this instrument, shall include the heirs, personal representatives, wccessors or assigns of the respective parties hereto. Wherever used, the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. I WITNESS WHEREOF, these premises have been executed on the day and year first above written- tied, seated eve nth rtsence of . ~ ~ _ _ L~1~ ISEA~I ~ ~ ~ J Y R. - ISEAL? = E EN S. JONES _ ' ISEAU - - - - (SEA}I ~ - - STATE OF FLORIDA COUNTY OF ST . LUC IE - ~ ~ - The loregoing instrumnt was acknowledged before ntt this_ 30 dsy of blanch , 19 79 ~ ' ~ ~ •N JERRY R. JONES an BLLEN S. JONES, husband and wife r . r MY commissar expues `BOGK 3V / PAGE Koury vubftc, star t . ~.e.~ C.'~ _ _ _ = - i~ ~ -