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HomeMy WebLinkAbout1522 4~~~~1 JC-3~A kc ' THIS MORTGAGE INDENTURE 53742-2 ExecutW this 11 d+Y of ~Y , A.D.. 19 79, by .JEFFREY WEGWEISER AND ~.INOA P. WEGWEISER, HIS WIFE party of flit first part hierainatter called Mestgagesl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation axistirg under the Isws of tl?e United States of America, party of the second part ihereinalter called the Assnxiatanl, WITNESSETH, That for divers good end vstuaible cor?sideraues?s, end to secure tM paYnwnt of the aggregate vein of money named in the pomissory note of even ifate Herewith, htreinafta mentiorsad, togsther with interest thereon and all other wms of money secured hereby ss heieinalter provided, the Mortgagor does grant, parysin, xtl, alien, remise, releases, convey and confirm unto tM Association, in lee simple, tM lollowirtg described real estate. of which the Mortgages is now seized end possessal ersil m xtual posteeean, tutwu m the County of $t . Luei a ,State of Flesids, legally rlescutiec) aafollows:Condominium Parcel No. 5413 of Golf Villas, a Condominium as per the Declaration of Condominium thereof, recorded in Official Records Book 302, Pages 1250 through 1326, as amended by Certificate of Amendment, recorded in Official Records Book 306, Pages 2991 through 3006, all of the Public Records of St. Lucie County, Florida. SUBJECT TO above Declaration of Condominium and Amendment to Declaration of Codnominium. TOGETHER with all structures and improvements now and herealta ort said land anti Me fixturos attached thereto, also together with all and pigula. the tenements, hereditaments, NsemeritS, riparian rights and appurtenances thereunto belonging, es in any wix appertaining, and the rents, issues, and profits thereof, and also all the estate, ~ ign[, title, interest and all claims and demands whatsoever, as wNl is taw as in equity, of said Mortgagor in and to the same, and every Part and parcel tliereol, and also all gas and electric fixtures, radiators, heaters, a'u conditioning equipment, machinery, balers, ranges, ekvatess and motors, bathtubs, sinks, water cloxts, water banns. Pipes. faucets, and other plumbing and heating fixtures, mantels, retrigeraurg plans and ice boxes, window x:reens, screen doors, venetian blinds, storm shutters and awnings, which are now or may hereafter pertain to es be used with, in a on said premises, even though they be detached or detachable, are and shall be deemed to be fixtures ariil accessions to the Ireehc>Id and a part of the realty, and, if the above described property is now es shall hereafter be used for commercial purposes, then the furniture and furnishings anrf any replacements thereof which may be owned by the Mortgagor and which are now or may hereafter be located upon the above descnbtd poperry. TO HAVE AND TO HOLD the same, together with all the estate, right, title, interest, homestead. dower and rght of dower, seperate estate, possession, claim and demand whatsoever, in law or in equity, 01 the sad Mortgagor in and to the same. and every part thereof, unto the sad Assocwtion in tee simple_ The Mortgagor hereby covenants with the Association that the Mestgages is indefeasibly seized with the absolute and fee simple title to said property, and has full power, and lawful authority to sell, corner, transfer and mortgage the same: that it shall be Wwful at any tune hereafter Les the Association to peaceably and quietly enter upon, nave, hold and enjoy said property, and every Part thereof; that said property is free and dixharged from all liens, encumbrances. and claims of any kind, including lases and asxssments, except the ben hereof, which n a first lien on said poperty: that the Mortgagor will make such further aswrances to perfect [he fee simple title to sad property .n the Association as may reasOriaWy be required; and that the Mortgagor does hereby fully warrant unto the Association the title to said property and will clelerd same ageinst the mortgage claims and demands of all persons whomsoever. NOW, THEREFORE, the condition of this mortgage is such that if the Mortgagor sttatl well and truly pay unto the Associatwn, the indebtedness evidenced by that certain promissory note, of even date herewith, made by the Mortgagor and payable to the Association, in the Principal vein of -----------11'HIRTY-FIVE THOUSAND, ONE HUNDRED---------- DOLLARS a 35 ,100.00 1, together with interest as therein stated, payable over a term of 348 months, and mall perform, comply vnth and abide by each and every the stipulations, agreements, conditions and covenants contained and set forth in this mortgage and in the promissory note secured hereby, then this mortgage and the estate hereby created shall ceax and be null and void. AND the Mortgagor does hereby cpvenant and agree: t To pay all and singubr the principal end interest and other wms of triorteY paYabb by virtue of sad pomissory rate and tMS mortgage. a either. pomptly on the days respectively tM same severally become dw. 2 To pay all and singubr ins tat[ss. assessments. other gnvsrrtmenul levies. liabkties, obligations and encumbrances of awry nature on sad desuibed property and the related debt acquisition each and awry wMn due and payable according to law. before flier become delinquent and. if the same shall rat bs promptly pad. tfte Association ma? at any time. sdMr bstoro or after delinqusrtgr. WY the same without waning es effecting the option to fesaclose. or gray right hereunder. and every payment so made shall bear interest 6om the date thereof at the rate of ten per cent I10'9fi1 per annum. ~ 3 That the Mortgagor tir:it keep all real and personal property taw a hersshar encumbered by flies hen of tMs mortgage mwred as may be required from nine to ~ y bA nine by the Assocation against bas by hrs. windstorm and other hazards. cswalties and contuigericies for such periods and fes not bas than such amounts as ~ ` ~ may be regwrrd by the Assoaatan end to pay promptly when due erg premiums for such insurance. Mortgagor ttgrees to deliver renewal es replacement ~ ~ m policies of any nature or replacement certificates of insurance to tM Atisociatan. st least ten 1101 days par to the expiation or anniversary date of the existing ~ Y C ~ policies The amounts of insurartM required by the Association shall bs minimum amounts for which said inwranCe shell bs YVfirien and it shall be incumbent a Q H Ol upon the Mortgagor w maintain such additional iristarartw as may bs necessary to meet and wmph/ fully with au oo-inwrance requirements contained in sad v ~t policies to the end that said Mortgagor is not a co-insuror thereunder. Inwrance shall be written by a tamparty or companies sppoved or designated fay the a Z ~ M Association ari,1 aN policies and rsrtawsls thereof shall be kaki by the Association. All detailed designations by the Mortgagor vvttich are accepted by the ~ ~ M Association and erg agreements between Mortgagor and Association relating to insurance. raw existing es hereafter made, shall bs in wntutg and shall be a part =n ~ ~ of this mortgage agreement as fully ss though set forth verbatim Mrsin and shall govern both parties hereto and their successors end assigns. No lisri upon env 1 W O of said polices of inwrarice or upon aMn refund or return psmium which may bs payable on the prtcellatan es tsrminatbn thereof. shall bs givers to other than O the Association. s¦cept by proper endorsement affixed to stack poti~r and sppoved by the Assoaatan. Each policy of irawrarice shell haw sfhxed thereto a ~ ~ ~ Standard New Yak Mongagse Clause without Contribution. malting all bas es bases order stick PaicY payable to the Association as its interest may appear. to the event any vein es wms of money become WYr~ d?+res+n~• ~ Association shall haw the option to receive and apply the same on account of the in- ~ _ ~ ~ debtedness hereby secured. or to permit the Mortgagor to receive and use it, es any part thereof. without thereby waning or :rnpainng any equity. Hera or right 3 j under and by virtw of this mortgage. In event of bas a physical damage to the mortgaged property. the Mtxtfaages shag give immediate notice thereof by mail Q ~ ~ to the Association and the Association may make pool of bas if the same is not made pompthr by the Mortgagor. In event of feseelosure of this mortgage. es ~ other transfer of htle to the mortgaged poperty. in extinguishment of the indebtedness secured hereby. aH right. title and interest of the Mortgages in and to N ~ ~ any inwrance policies then m face shat! pass to the purcftassr es grantee. The Mortgagor further agrees to abide by the rules and axisbrig regulations of the I - Association. in corutection with required mwrsnce coverage of the popsrty herein encumbered. i- > ~ - I 1~ - ~ t - i RECEIVED = T~~ .Z~~ iN PAYlalf!(T Cf TAXfS :111 E 'v ' : ~ _ - - ~ DUE ON CLASS 'C' IP1TA3,',^i:3? E PE?:nti.'.! PE'1'ERTYr C ~ ~ PUP.Sis'k;1T Td <a-':.~ T_~ 71-'::4, kSTS OF 1o7{s R6fitR Pi.ITRA1< ' - _ _ i aE,uc a;:clllT coua:T. sT, ulat eta R~ ' a 4 Paragraph t and those which tdlow are contained on tits reverse side of this mortgage and by rsteroncs are iricorporatsd into the body of tfis mortgage. The terms Mortgagor and Association, whenever used in this instrument, shall include the heirs, personal repesentatives, successors es assigns of the respectrre parties hereto. Wherever used, the singular number shall include the plural and the Plural the sirigiilar, and the use of any gender shall include all genders. IN WITNESS WHEREOF, these pemises have been executed on the day and yex first above written. xaled i m lh p o: 7 ~ s ISEALI JE Y - (~.000'P y (SEAL) L wEISE ISEALI Y f ISEALI STATE OF FLORIDA COUNTY OF ST. LUCIS e day of /1 A - - ~ • The lesegoing instrument was acknowledged before rtte this ~ , 19~ by JEFFREY WEGWEISER and LINDA WOWEISER, husband a~ wife ~ • _ NCR tJf1TaRY ? K STALE ~ RVMwa~T lA~ o My commission expires ~ CSICIN SST 619PD - ~ / _ , k t. ~ _ . Q R Notary Public, ~ to of s!'C~~~ Ya~f - ~ t 4; o'