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Home My WebLink About0367 C -425A kc ' THIS MORTGAGE INDENTURE 58518-2 / Executed the: 30 day of July , A.o., if!?9 . bt? 1 ROBERT J. KELLEY and BARBARA L. KELLEY, husband and wife f party of the first part (hereerNlter called Mestgagorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing under tM forest of the United Sutas of America, party of lice second part (f?ereinatter called tM Auociationl, WITNESSETH, That for divers good enrd valuable cesrsideratioM, and to secure tM payment of the aggregate wm of money named in Me promessory non of even date herewith, hereinafter menteonied, together with interact thereon and all other sums of money secured lsereby ss hereinafter provided, the Mestgagor does grant, bargain, seN, ai:en, remise, raleaftl, convey and confirm unto tM Association, en lee sempM, tfie following desuibed real estate, of which ttie Mortgagor is now gi:ed and possessed and in actual poemsion, sitwte en tM Counry of St . Lucie , State of Plaids, legally described as talon: Condominium Parcel No. 5428 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 3t. Lucie County, Florida. SUBJECT TO terms and conditions of above Declaration of Condominium and Amendment thereto. This is a purchase money mortgage. TOGETHER with all structures and imp?ovements now hereafter on said Lend and the fixtures attached thereto, also together with all and singular the ttrnerrtents, hereditamerits, esserrwnts, ripsrisn rights and appurtenances thereunto belonging, a in any w,st appertaining, and the rents, issues, and profits thpeof, and also all tfie estate, right, title, interest and all claims and demands whatsoever, as welt in law ss in equity, of said Mortgages in and to the same, and every Part and parcel thereof, and also all gas and ekttrit: fixtures, radiator, heaters, air conditeoning tquiprtient, rnaehiriery, boilers, ranges, elevators and motors, bathtubs, sinks, vwter closets, water basins, Pipes. faucets, and other plumbing and heating fixtures, mantek, retrigeraung plans and ice boxes, vwndow x:rntens, srxeen doors, venetian blinds, tram shutters and awnings, which are now or may hereafter pertain to a be used with, in a on said premises, wen though they be detached a detachable, are and shall be deemed to be fixtures and accessions [o the freehold and a part o1 the realty, and, if the atiove described property es now a shall hereafter be used la commercial purposes, then the furniture and turoishrngs and any replacensents thereof which may tee owned ray the Mortgagor and which are now or may hereafter be located upon the atxove described proppty. TO HAVE AND TO HOLD the same, together wrath all the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, in law a in_aquity, of the said Matgiga in and to the soma, oriel every part thereof, unto the said AfSOCNtion in tee simple, The Mortgagor hereby covenants wnM the Association that the Mortgagor is indefeasibly seized with the absdute and fee simple title to said property, and has full power, F and lawful authority to sell, convey, trarlftM and mortgage the same; that it shall tie lawful at any tine hereafter fa the Association to peaceably and quietly enter upon, have, hold and enjoy said property, and every part thereof; That said property K frer,ard discharged from all liens, encumbrances, and claims of any kind, including taxes and assessments, except the lien hereof, which K a first lien on said property; that the Mortgages will make such further aswrances to pa:tett the ice simple tick to card property ' in the Association of may reason:hly be required; and that the Mortgagor does hereby fully warrant unto the Assocation the tick to said property and will defend same age~nst the mortgage claims and demands o! all persons whomsoever- NOW, THEREFORE, the condition of this mortgage is such that it the Mortgagor shall well and truly pay unto the Association, the indebtedness evidenced by that certain promissory note, of even date herewith, made by the Mest gages and payable to the Association, in the principal wm of -------~BIRTY SIGHT THOUSAND, THREE HUNDR$D------~--- DOLLARS IS 38 f 300 • 00 1, together with interest as thernn stated, _ payable over a term of 348 months, and mall perform, comply with 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 cease and be null and ord. AND the Mortgagor does hereby covenant and agree: 1. To pay all and singular the principal and interest and other wms of mes»y payable by virtue of said promissory note and this mottgsgs. a either. promptly on the days respectively tM same severapy become des. 2 To pay all oriel twtgular tM taxes. esNaarMnts. other goverrttnengl levies, liabihtisa. oblgatarts and encumtxancss of every nature on said described property and the related debt acquisition eadt and every when des and payable accordrrp to Isw. betas ttsey become delinquent a+?d, if the sums tdtall not be promptly y, ~ paid. the Association may at any time, either before a after delinquency. pay tM same wnthout wsiwng es aNectxig the Dolan to fasclose. a any right .o c ~ hereunder, and every payment s0 made shah bear interest from tM date ttsereof at the rata of 15% per annum. t7 O ~ 3 That the Mortgagor wuf keep aM neat and personal property now a Mreshsr tmWmbered by the lien of this mortgage insured as may be requued from time to _ e ~ time by the Association against bas by fin. wnndstesm and other hazards. uwalties and contingencies for such parade and tes not bas than such amounts as a Q y ~ may be regwred by the Association and to pay promptly when des all prorruums tes wch mwrsnce. Mortgages agrees to delrwr renewal es realacement ~ ~ poliCMS of airy nature es rsplacsment certificates of insurance to the Assoaatan: at least ten (101 days gran to the axpuation es anniversary date of the existing ~ Z U M pdicies The amouros of inwant» requued by the Attsoaatron shad be mirxmum amounts for which said inwrsncs shah be written and it shall be incumbent O ~ M upon the Mortgagor to maintain wch additional inwanu as may be necessary to meet and comply fully vwth aN co-inwrartte nequaements contained in said ~ policies to the end that said Mortgagor is -not a co-inwror thsreurxfsr. Inwrsnoe allay he written by a company a companros approved a designated by the t1.1 O Assoaatan an,1 aN policies and nnewab thereof sha8 be field by the Assonation. All detailed designatans by the Mortgagor wMch are accepted by the ~ ~ Association and all sgrsaments bstvveen Mortgagor oriel Association relating to insurance. now existing a ttereaher made, shall bs in wntirq and shay be a part ~ _ ~ ty of this mortgage agreement as fully as though set forth verbatim herein and shall govern both parties hereto oriel their wocessors oriel assigns. Ho ken upon arty of said polices of inswsnics es upon airy refund a ntum premwm wtiictt may a payable on the cancellation a termination thereof, rrtiaN t7e Swan to other than ~ the Associaton, except policy and approved the Assoaateon. Each - ~ ~ ~ by proper endorsement afhxod to wch by policy of insurance shall have affixed thereto s O ~ ? Standard New York Mo•tgsgse Clause without Contribution. making nit bas a bases under wch policy payable to the Association as its mterest may appear - ` to the event any wm or wms of rraney become payable thereunder. the Assoaation shall have the Dolan to receive and apply the same on account of tAe in- p ~ debtedness hereby secured. es to permit the Mortgages to rncave and use it. es any part thereof, without thereby wamrq es impainrig air equity. teen a right ursder and by virtue of this mortgage. In event of Toss es physical damage to tM mortgaged property. the Mortgages shall give immedate notice thereof by mad - 1 O to the Associateon and the Association may make proof of bas if the same is rat made promptly by the Mortgages. In event of feseciosurs of this mortgage. a r- } other transfer of title to the most ~ , a, gaged property. in axtirtgirahment of the•eidebtednesa scorned tie•eby, s11 riplit. title and ?merest of the Mortgages m and to any mwrsnce pokcies then b force shall pass to tits purttNSSr a grantee. Tfta Mortgages further agrees to abide M tfte rules and existing regulations of the Association. in cesrisction with rsqutrsd insurance coverage of the property fiereen encumbered. ,1 ~ U J J M E N T A R Y c' M r_ REt~EO ¦ PATrE1f f Z, _ - ~ OUf ON CltSS 'C' INTLIf6'B~f PERSONA! PIbPEJ~ ~ ` _~•7y ~ fJ1 T3 H..PT . 71-• 4. ACTS Of W7L . °i _ _ 7 N~6EM PsRAAS - . Cl~WC l~~ct.ltlT CO{titTr aT. LrCtE ~ . 4 Paragraph 4 and those which fellow an t:onuined on the reverse side of ttus mortgage and M reference are uiconpesated into the body of this mortgage. The terms Mortgages and Association, whenever used in then imtrument, shall include the heirs, personal representatives, successors or assigns of the respective parties hereto. Wherever used, the sirgutx number shalt include the plural and the plural the singular, and the use of any gender shall include all genders. 1N WITNESS WHEREOF, these premises have been executed on the day and year terse above written. • S ,sealed and dNivered i the presence oi: (SEAL) ROBE T EY (SEAL) BARBARA L. KELLEY fSEAL1 ,:.,z,.,..., . ' r ' H . ~ ~ • ~~y ~ ~ ISEAl1 ' ? s'sz STaT1!>~. P ~ COUNTY DF ST . LI~C IE ~ Tlte f«~~rowkdgeit betas m. the:_~~ day of July 19 ? 9 br a~+++~ RO ~ 3~;,~+ :and BARBARA L, KELLEY husband and wife ~:~;;8 - : 3. ~ eR: -•;,.js~~ - ~ : fear S • ~ LEN R ~`'`-RRII ee''QQQ MIIC STATT ~ fiORIdA AT !/1R(,f Mfr conrr?issidr>k~pirK . .•i 6 Wit ~ ~ ~t u~roElt~~Tets ~Noq/yPuaic, ststecr Florida