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Home My WebLink About1254 I j~ ~ THIS 1VIORTGAGE INDENTURE ? 54?94A2 kc,4~ Executed this • " ~•~day of March , A.O., lye 9 , by 41'7 75 RAMON Y. SERVITO and NORA G. SERVITO, husband and wife party of the lust part Inerartalter called Mottgagorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing under the taws o1 tM United Stites of America, party of the second part (hereinafter tailed the Associations, WITNESSETH, That for divers good sold valuable considerations, and to secure the payment of the aggregate vein of money named in th! promissory note of eveo deli herewith, heneinalter mtntioried, together with interest thereon and all other wins of money secured hereby as hereinafter provided, the Mortgagor does grant, Wrr}iin, sell, alien, remise, release, convey and confirm unto Ms Association, in tee simple, ttN following tfescr ibed real estate, of which the Mortgagor is now sewed and possessed erxl m actual possessan, situate in tM County of St . Lucie ; State of Ftorrtla, legally rtescrdierl as follows: Condominium Parcel No. 3214 of BEACHTRES I CLUSTER as per the Declaration of Condominium thereof, recorded in Official Records Book 296, Pages 1438 through 1510, as amended by Certificate of Amendment, recorded in Official Records Book 300, Page 212 to 221, all of the Public Records of St. Lucie County, Florida. SUBJECT TO restrictions, easements and reservations of record. TOGETHER with all struttores and improvements now and hereafter on said land and the fixtures attached thereto, also together with all and singular the tenements. heredrtanrtents, Nsartients, riparian rights and appurtenances thereunto belon9irg, or in any verse appertarmrg, and the rents, issues, and profits thereof, and also elf the estate, r ~ght, title, interest and all claims and demands whatsoever, as well in law as in equity, of said Mortgagor in and to the same, and every part and parcel thereof, and alw all gas ,,rid electric fixtures, radiators, heaters, air conditioning equipment, machinery, boilers, ranges, elevators and motors, bathtubs, sinks, water closets, water basins, pipes, faucets, and other plumbing and heating fixtures, mantels, relrigeratirg plans and ice boxes, window xreens, screen doors, venetian blinds, storm shutters and awnings, which are now or may hereafter pertain to or be used with, in a On said premises, even though they lie detached or detachable, are and shall be deemed to txe liaturesand accessions ro the freehold and a part of.the realty, and, d the above described property is now or shall hereafter be used for commercial purposes, then the twniture arwl lurmshin9s and any replacements thereof which may be overfed by the Mortgagor and which are now or may hereafter be located upon the above described property. TO HAVE AND TO HOLD the same, together vwth alt the estate, right, title, interest, homestead, dower aril right of down, separate estate, possession, Beim arxf demarW whatsoever, in law or inequity, of the said Mortgagor in oriel to the same, and every part thereof, unto the said Association in fee simple. The Mortgagor hereby covenants with the Association that the Mortgagor is indefeasibly seised with the absolute and fee simple title to said property. and has full power, and lawful authority to sell, corney, Vansfer and mortgage the same. that it shall txe tairirtul at any time hereafter fa the Association to peaceably arsd quietly emer upon, nave, hold and copy said property, and every part thereof: that said property is tree and discharged Iron all liens, encumbuances, and claims of any kind, including taxes and assessments, except the hen hereof, which n a first lien on said property; that the Mortgagor will make wch further aswrances to perfect the fee simple title to said property .n the Assnciabon as may reasonably be requued; and tAat the Mortgagor does hereby fully warrant unto the Associatwn the title to said property and well cfelend same against the mortgage claims and demands of all persons whomsoever. NOW. THEREFORE, the tonidition of [his mortgage is wch that d the Mortgayor shall welt and uuly pay unto the Associatwn, the irxlebtedness e.~denced by that certain promissory note, of even date herewith, made by the Mortgagor and payable to the Association, in the pnntipal win ,,--------FIFTY-FIVE THOUSAND, SIX HUNDRED---------- DOLLARS i5 55 , 600.00 s, together with interest as therein stated. payable over a term of 348 months, aril shall ;.erform, comply with and abide by each and every the stipulations, agreements, concfiuons and covenants comamed and set forth m this mortgage and m the promissory note secured hereby, then this mortgage and the estate hereby created shall cease and be null and void. AND the Mtxtgagor does hereby covenant and agree. 1 To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this mortgage. or ertner. promptly on the days respectively the sa.~ts ssvsrauy become due. 2 To pay all and singular fns taxes. ssseurrisrtts. other govsrnrttsrital levees. liatihties. obligatans and encumbrances of every nature on sad described property and the related debt acgwsition each and wary when dw atd payable according to law. before they become delinquent aril. d the same shall not be promptly paid. the Association may st airy time. either before a aher dahnquency. pay the same without waiving or affecting the optan to forecbse. a any right hereunder. and every payment so made shall bssr interest from the date thereof at the rate of ten per cent (109L) per annum. ~ ~ ~ 3 That the Mortgagor will keep all real and personal property now w hereafter encumbered by the lien of ttis mortgage inwred as may be requued from Ume to ~ ib bme by the Association against loss by lire. windstorm and other hazards. casualties and conbrigencies for wch periods and for not less than such amounts as p may be regwred b,r the Association end to pay promptly when due all premiums for such mwrante. Mortgages agrees to deliver renewal a replacement C d policies of any nature or replacement certificates of inwrarsce to the Associatwn. at feast ten (101 days prior to the expiration a anniversary date of the existing Q ~ ~ policies The amounts of insurance rsquusd by the Association shall be minimum amounts fa which sad inwrance shall be written end rt shall be incumbent I w M upon the Mortgagor to maintain such additional inwrsnte ss may be rteceuary to meet and comply fully with all co-mwrance requirements contained in said M policies to the end that sad Mortgagor is not s co-inwror thereunder. Inwrartce shall be written by a company or companies approvtd a designated by the Association art,l all policies end renewak thereof shall be held by the Association- All detailed designatrons by the Mortgagor which are accepted by the n ~ a Association and alt agreements between Mortpsgor and Assoaatan relating to iriwrance. now existing tx hereafter made. shall be in venting and shall be a part = ~ O -C of this mortgage agreement as fully as though set forth verbatim herein sod shall govern both parties hereto and thew successors and assigns. No hen upon any E- ~ ~ of sad polities of inwrartcs or upon soy refund a return premium which may bs payable on ttte cancellation tx termination thereof. shall bti given to other than = i pD the Association except by proper endorsement affixed to wch policy and approved by the Association Each polictir of inwrance shah have affixed thereto a _ Standard New York Mortgagee Clause without Contribution. mslang all sou or losses under such policy payable to the Association as rts interest may appear ~ ~ 3 ~ In the event any win or wins of money become paysbb thereunder, the ASfOtiation shall have the Option to receive and apply the same On account of the in• ~ debtedneu hereby secured. or to permit the Mortgagor to receive and use it. a any part thereof. wittsout thereby waning or impairing any egwty. Iren or right ~ under and by virtue of tMS mortgage. In event of bu or physical damage to the mortgaged property. ttte Mortgagor shall give immediate notice thereof by mad = Q ~ N to the Association and the Auociatiort may make proof of bu if the same is not made promptly by the Mortgagor. In event of forecbwre of this mortgage. or ~ ~ ~ other transfer of title to the mortgaged property. in extinguishment of the indebtedrieu secured hereby. all right. bile and interest of the Mortgagor in and to ~ any inwrance policies then in force shall paw to the purchaser or grantee. The Mortgages further agrees to abide by the rules and existing regulations of the f"' ~ a- Association. in connection with requued inwranca coverage of the property herein encumbered E E - -.T - - - - f II ~ lr P~•,n.ent Oi Taxes i - ~ ~ - 9 ~ , ~ ~ j - ..c C'" ?ntangiblePersonalPrupertyr ~ - i; - 1971. - - _ - - ( 1 7o Criapter 71, 134. ActsOt ROGER Pom:l?s rr~` gorse Circuit Court, SL LtIC~r 00.. Fr• 4 Paragraph 4 and those which fellow are contained on the reverse side of this mortgage and by reference are incorporated into the body of tMS mortgage The terms Mortgagor and Association, wherie+er used in this instrurttent, shall include the heirs, personal representatnres, wtcessors or assigns of the respective parties hereto. Wherever used, the singular numtxr shall include the plural and the plural the singular, and the use of any gender shall include all genders. IN WITNESS WHEREOF, these premises have been executed on the day and year first above written. Sigried.,at'~ ivered in the presence of: a L ~r r ; ~ L< _ (SEAL) - - ~ RA~iON Y; ~ SERVITO ~ (SEAL) i ~>).,~32' /~.t'i.~tcC' (SEAL) Y , 0 7 ~'~-+-C ' f (SEAL) 4 NEW YORK _ STATE OF - _ COUNTY OF_` • ~ • The lwegorrg instrument was acknowledged before me this f day of dare h , ,g79 by ~ ~ s .ii R.AMON Y. SERVITO and NORA G. SERVITO, husban and wife - R PATSY A. S1;.7fdONS My commission expiN~7ARY Pt~j,}LIC. Store of fvew York ~ No.41-4628071 - Qualified In Queens County Commission Expires March 30, 19lj0 Notary Public, State ossr~~~~ I - BOOK JV7 SAGE ~ _ - ~ -