HomeMy WebLinkAbout1270 ~ s ~83~ -
~ . THIS MORTGAGE INDENTURE c-342p, mab ~C'
E=K~~.a ~h,+ a~Y o~ June . A.o.. ~9 79 , a Loan #54583-2
RICI~F?RD W. ARCHUAL and VERA A. A.RCHUAL, husband and wife, 44~~~
puty ol tM h~st pa~~ iht~au+shN cs~Nd Mlwty~yo~l. ~o
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION
a cwporahon exnung un0e~ tAe Isws ol tAe Un~ted Sutes ot s'a::~=:~a. pa~~y ol tM secw?d part IAere~nsl~~. qlkd ~he Assocw~anl.
WITNESSETH, That fa dwers 9ood and vsluable cons~de.atwns, and to secwe the payrrKm ot the aqgregau wm ol money narned ~o the prwmsw~y note ol rven ~Iatr
herevntA, htttin~tll~ mcnt~orNd. toglihN w~th ~~terttt thereon and all oihp wms ol money s~tu«d hN~by ss M~e~nattp P~ov~ded. the Ma~gagor dp~s g~an1, W~ya~n, sell,
a~~en, r~mn~. r~l~as~. conwY xd confum unw tM Assoc~suon, ~n t~e sunpN. the iollow,ng dnu~b~d real esu~e. ol whKn ~Ae Mortgaga n now u~rM arxf ~x,sxssa~f e~wl
ac~ust posseuan, Htuste ~n the County of St • L1jC18 , Sta~e of Fla~da, Iegally ~trsc~~~,erl
a:fa~~:~ndominium Parcel No. 5532 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 terms and condizions of above Declaration of Condominium and
amendment thereto. ~
TOGETHER wntA all strucwres and ~mprovements now and Aerealte~ ~n sa~d la~d and ~he ~~atu~es a~tsched tAe~eto, also togetAer w,cA aU and s~rgula~ ihe ~encinen~s,
~ered~tsmenn, easeme~~s, r~panan reghif and ~ppurlln~ntlS tAlrlunto bNOng~ng, or ~n any w~f! apyNtim+ng, ind ih! rlMS, ~ssues, and p~oh~s tbaeot, and alw an ~he esfa~e,
~~yhl, I~Ul, ~nteres~ and aU cW~ms and cfemands wha~soeve~, x wNl ~n law ss ~n eq~ity, 01 sa~d Mo~tga9o~ m antl to the sarne, and every pa~t and parcN tAC~eot, and alw all gas
~nd eitctr~c f~,~tures, rad~atws, heatNS, aa cond~t~on~ng equ~pment, mach~nery, Go~l~rs, ~anges, ekvatws and motas, bathtufn, s~nks, water closets, water tws~ns, p~pes,
~aucets, a~d other plumb~ng and heating liYtures, mameh, reh~ye.at:ng plans and Ke boxes, w~ndow x:reens, scr~n dpp~s, venet~an bl~nds, s~am shu~~as arKf awmnys, wh~cn
aie now or msy herNtte~ pe~ta~n to or be used rv~th, in o. on sa~d pem~ses, ev~~ thou9h they be detacAed a dctachabk, are and shall be deert~ed to ~e t~Kw~es and access~uns
~o ~he treeAOld and a psrt ol the rea~ty, and. the above desc~~bed poperty ~s now a sAall !ilreaftcr tx used fw cw~untocwl purpoxs, LFfE11 1h! IUrl~IIUf! alld ~U~n~5~1~nq~ Jn(1 ~
any ~~placernenh thereof whicA may be owned by tAe Matgago~ and wh~tA are ~ow o~ may hereafte~ be locateu upon ~ne aixm destnbtd propeity.
TO HAVE AND TO HOLO the same, togetA~r w~tA atl ~he estate, nght, ~~tk, mterest, Aomes~ead, dowe~ and rgAt of dowe~, uparateestate.possess~oqda~manA
cfemand wAatsoever, ~n law or ~n lquity, ot the wKf Mo~tgago~ ~n and to tAe sarne, and every pa~t tAer~ol, unto the sa~d Assocwt~on ~n lee s~mple.
The Mwtgagor herebV tovenants rwth tAe Assoc~at~on tAat the Mortgago~ n~ndcfeasrbly se~ied w+tn ~Ae absolute and tK s~mpte titk to sa~d property, a~xf has full ~~we~,
an:~ lawtul authordy to sell, convey, transfer and mo.tgage IAe same. that n sl~all be lawtul at any t~me Aereatter lor lhe Assoualwo to peaceaWy and yu~eUy emer upon,
n,ve. Aold arW enpy sa~d pioperty, and every pa.t tlxreef; tAat saM1 p~ope~ ty ~s fr~e and d~uha~qed irom all IKns, e~cvmWances, aMJ cla~ms ot a~y k~nd, ~nclucl~ng taxes aM1
assesunents, except ~Ae lie~ hereol, wt~~ch ~s a fust I~e~ o~ sa~d pro{xriy: tAa1 the Mo~tgago. w~ll make wch Iur~Ae~ aswrances to perl~ct the ~ee s~mp~e t~tie ~o sa~d p.ope~~y
~n ~ne Auoc~at~on as may ~easonaWy 4e ~eyu~red; and that the Matgago. cloes hereby fully warrant unto the Assoc~at~on the ~~tie w sa~d pro~ty and w~ll ~felen~f same
.~ye~nst the mo.tgage cfa~ms and dema~ds ot all p~rsons whomsoever.
NOW, TNEREfORE, the corxf~twn of th~s mor~gage ~s such ~hat ~f ~he Mo~tgagor ~snall well and nuly pay unto tAe A:soua~w~, the ~ndeb~alness
ev~denced by tl~at catain prom~ssay note, ol even date herewuh, made by tDt Alwtqa3~.r and payaWe to ~he Assouatwn, m ehe p~~nc~pal wm
~f THIRTY-SEVEN THOUSAND AND NO/100----------------------------------- DOLLARS
~g 37 ~ ~0~ • OO 1. toge~be~ Mnth m~e~est as tAe~em s~a~ed. PaYaWe over a te~m ot -------300----------
mo~~hs. enA sAall
pe~torm, comply vnth aod ab~de by eacb and every the shpulatw~s, agreeme~ls, concl~trons aod covenants conta~oed and set lorth m ~h~s mo~~gege aixf en ~he qom~ssory ~ie
secured hereby, tAen thn rrwrtgage and ~he estate Aer~by created shall cease and be ~uN and vo~d. ~
AND the Mortgagw do~s Mreby cown~nt snd spr~e
1 To pay all and s~ngular the pru~cp~l snd mt~r~st ~nd otAa wms oi mp~ey payable by wnue ot ssd prom~zsory note s~d tMs mwt~ ~~t~~ ^+?~*R~!y
tne days rsspecnvely ths ssme ssverauy b~com~ oue
2 To psy alt s~d s~npub~ t~s ta:~s. ~ss~ssm~nts. otMr yovsrnmsnal lswes. INb6t~ss. obl~patro~s ~nd encumbrancss ol every natvie on sad descr~bed poperty
ard [he related debt scqun~tan sscA end ~wry wMn dw and p~y~bl~ ~ccord~np to Isw. ~eiore they become del~npue+:t and. ~f ths same shsll not bs promptl~r
pa~d. ~he Assoc~anon ms~ at u?y urrw. NtM~ bsfors w~ha dslmqusncy. pay tM ssme w~inou[ wa~v~ny or aHes[5rq _the optrx~ to faecbse. w any r~gh~
hereunder, a~d every payms~t so m~ sh~ll bsar ~nt~rss! f!om tAe d~te thsrsof ~t the ~,te o~ • 1% per annwn.
3 That the Matgagor w~~~ ksep sU nal ~nd p~rsonsl propsrty now a MruRe~ encumbersd by the uen of cMs monpape ~rnursd as may be reQuued from u:ne to
ume oy tlx Assouatwn aya~nst bss Dy fin. nnndseorm and other Aazards. uwah~es and conunflenaas for wch perwds and lo. not tess than wch amoums as
may be reqwred Dy tAe Assocutw~ and ro pay promptly whsn due sll prsmiums la sucA ~nwrance Matgsgor agrees to delrver rsnewsl or reptstemen~
pdK~es ol anr naturs a rsplaumsnt certlt~catss of ~nsuranu to ths Assoa~tan. at tsast te~ (101 dsys war to ths expntan or annrvsrssry da~s of tMe e~~sung
pdK~es TAe amoun•s of ~nw?~ncs rsqwr~d by tAS Assoc~auon ~haN b~ m~rKmum smounts fa wh~ch sa~d mwrsncs shaU bs wntten and ~~e w•^r••m?w+*
upon the MMgagor ts ma~ntaw~ auth ~tanal ~nwr~nc~ ~s may bs netsssary to msst snd comply futly vnth all co-~nwrance reqwrsments contained ~n sa~d
polK~es ~o ihe end that sad Mortyaya ~s not a oo-~nsurp therwnder. Insur~ncs sAall bs wnttsn by a company or compaross apprwed w dss~pnatsd by ~he
Assouaeron sn.f all pol~ass snd ronewsb thsrso? s1uN bs h~ld by the Assouatan All dsta~led des~pnabons by the Mortpsyor wh~ch sre xceptsd ~y the
Assoaatan and a11 agrsemsnts bstwesn Mort~apor ~nd Assocutwrt ralaunp to ~nwr~ncs, now ea~st~np a Nersaker made, shau hs ~n wnurp snd sha11 be a pah
of ths mortgage a9reemsnt as (u11y as thouqh s~s lorth wrWam hsreM and shau govern both p~n~es hereto and then succassas snd ass~yns No I~en upon any
of ssd pol~c~es of ~nwpncs or upo~ ~ny r~fund or ntum pnm~um wMcA m~y bs psy~Ws on tM cancellatan or termu~stan thereo(. shsii be prven to other than
~ tne Assocwtan. except by propsr ~ndon~m~nt sNissd to wch pobcy and ~pprovsd by ths Assoastwn Esch polK.y ot ~nwrsnce shs11 have aN~:ed tAeroto a
5[andard New York Matyapas Claus~ vnthout Contnbutan. mak~ne su bss a losses unds. sucA pobcy payabfs to the Assouatan as ~ts ~nterost may appea~
In ~he event amr wm a sums of monay Oswrtw parabls thsrsund~r. ths Assoaatwn shalt have tha opteon to recene and appy ths same on account of the M-
~ debted~ess Mr~Dy secursd. p to psrmq tM Mat9apor to ncsrv~ ~nd us~ ~t. a ~m part tMreo~. vinthout thereby warv~ny or ~mps~nny sMr equ~t~r. 4sn w rp~t
` ur~de~ snd by vrrtus o~ Hrs mo?tgsQe 1~ ewnt of loss a physrc~l d~mp~ to tl» mortw~sd propsrty- ths Mortpayo. shsll yrve ~rtvnsdate not~ce thereof by mad
to tAe Assoustion and ths Assoc~aUOn may malc~ proof of bss ~f tM prt» ~s not mad~ promptl~r by ths MortgsQw In svent ot fo~ecbwrs ot tlus mortga9e. w
4 oiher t.snsier ot t~rie to ths mortp~p~d propKt~. m~~tu~puishm~t ot tM ~nd~btsdn~ss ssue+sd hereby. sp rpht. utle snd ente.ssi of ths MortpsQa ~n and to
i • aMr ~nwrsnce pohc~ss tMn in faca shaN piss to tM purthas~r a~rant~s. Th~ Matpspa furtMr syrsss to sb~ds by tM rulss and eu~sbng repulatans ot the
Auoastan. m com,ectan vmth requ~nd u?wnnu covsrap~ of tM prop~rty hsrem encumbaed
`
i ~ ;
- ~ T y. ~ _ . .
~ ; nt c r . ~ ,
~ = r.^. . : . j RECEIYED s C Q _ !!Y Fbl'~FFMT ^ ~
~ ~ • - . . _ . : _ ~ DIIE ON Ci~iSS; C' ikTr.ii,! o~ r y. ~ ~F.,, T' J(~S
_ ~ J :J ~ PURS~:.,'}f Tu . ,1 7!- .TJ Q~ ~ ` ~~:Tf~
~ i..:- i CLERII p2~AtT C F.I i.,~
; - - _ - Liiwi, ST. t{i..iE
a, ~
~
~
~ 4 Panpraph 4 ~nd thoss wlrch Idbw ir~ co~t~in~d o~ tM r~vsrse s~d~ of tMS mo.tpps and by rsfe+snce srs u~corpontW ~~to tM body of ths mor[pspe
~
~ The terms Mortgagor and Aswaatan, whenrve. used ~n ~hn ~ns~rument, snall ~nclude [he he~rs, personsl repr~neatrves. wccessors or xsgns ol ~he respec~~ve pa.~~es
~+e~rto. MlMerever used, tAe s~ngubr number shall u~tlude the plural and tAe plural tl~e s~~gulsr, snd tAe use ot any ge r sMall ~nclude all genders.
- IN WiTNESS MVHEREOF, thes~ ptem~ses hsv~ bea~ ex~tuted on the Csy snd yqr hrst sbove writtM.
; grKd. dNrereO ~n the prelMC! ot:
e /
$ ~ /
~ ' ~ - _ ISEAI)
~ ` Richard W. Archual
~ ~ ~ L`t_G.~ V.. ~~3LC% ISEALI
~ Vera A. Arc~
~
; (SEAI) i
, _ f-.~
-.J: : . ' , 1li .
~ OHIO `
STATE OF COUNTV pF ~~~1~' / l` ~
~ The t«ego~~g ~nstrumem wx xknaMeclged b~(ae me ~n~s~~ day ot June ~9 79 ~
~ ~r. " . •
~ RICHARD W. ARCHUAL and VERA A. ARCHUAL, husband and wife, .^0 i~C
,
~ IRIS 1. GE:,RY. Nutary Pubtic
` StateW~~!lur.s~~cGcn,OAio ' ~'+,-~;s~~
N!y comm~ssan e¦p~res -
Mp Com~::wan Expues O:t. 3 t,19s~-
~ No~s.y PuaK, s~ste ol - - - - _ - ~