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HomeMy WebLinkAbout1057 4565.4 ~ o ~ S _ ~os~ ~ • THIS MORTGAGE INDENTURE ' Execugdtbrs 27th deYof April .A-D•.lg 79.M ROB$RT COYLE and OLGA COYItE, his wife, t party of tM lust part (MreinNler calNd Morlgeporl, t0 CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION ` s corporation exittitg under tM levvt of flee United Sates of AmMice, PrtY of tM eoord pert Ihersiratter tallad tM Aaoewtionl, WITNESSETH, That fa divers good and srMuabN considerations, and to secure tM payment of the agprepsu sum of moray narrssd N tM promissory note of even dau fserewids, Isereitsafter mentiorad, together with incisor thereon and all othM terra o1 moray waned hereby a hereina/tar provttNd, tM Mortgagor does pram. brgein, set, slim, remws, raNase, convey and confirm unto tM Association, in fee sinspla. tM torowinp dsspibad reN seats, of which tM Mortgagor is now seized and pouewd and in actual poNSpiots, atwe sn flee County of St. LLtt`. ie . Sate of Floridh, lepauy d.tr:ritNd "'°"°w`' Condominium Parcel No. 5315 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 TOGETHER with ell structures and improvements now and ItereiftN on fold tarNl and the fixtures stuclsed thereto, also together with all end singular the terssrrsents, herediterrsent; asserrant; riparian rigfsu and appurtenarscef tfwesrrsto balorgirsg, or in srsy wise appertaining, and flee rents, issues, end profits thereof, end also all the estate, right, title, interest and ell dsims and demands wlsstsoever, az well in Isar as inequity, of said Mortgagor in and to the same, end every pert and parcel 1Mreo1, end oho all pas and elecuic fixture; radiators, heaters, sir oorsditionirsg equiprMrst, machirsary, boilers, verges, elevators and motor; bathtub; sinks. water dosets, voter basirss, pipes. faucets, and other plumbwp end besting fixtures, rrantsle, refrigerating plant and ice boxes, vvndow screens, screen door, verotian blinds, storm shutters end awnings, which are now Ot may herMltN pertain to M be used with, in Or On said premises. Mn though They be dttar9sed or detachable. are and shall b• deerrad to be fixtures and accessions to tM freehold and a pert of the realty, and, it tM shove described property is now a shall hereitter be used for earrrtssrciat purpose; then flee lurniture and furnishings and any nplacerrants tlseraof which may to owrad by tM Mortgagor end which sn now a may herestter be located upon flee above dtncribsd Ixoperty. TO HAVE AND TO HOLD the same, together with ell tM seats, right, tick, interest, homestead, dower and right of dower, separae estate, pouesiors, claim and demand wbstsoever, in Isw or in equity, of the said Mortgagor in end to the same, and every pert tlsereol, unto the said Association in tee simple. The Mortgagor hereby covenants with the Attociatars that the Mortgagor is irsdefeesibly seized with the absolute and fee simple title to said property, and has full power, end Iaw1u1 sutlsority to sell, convey, transfer and mortgtps tM soirees: that it shall be lewlul st any time herseltei la the Association to peaceably and quietly enter upors. have. hold and enjoy laud property, and every part thereof: that said property is free and disdarped from ell liens, encumbrances, end clainss of srsy kirsd, ineltnding taxes and assessments„ except the lien hereof, which is a first lien on said property; that the Mortgagor will makt such lurther assurarstxs to perlact the fee simple title to said property in the Association as may reasonably be squired; and that flee Mortgagor does hereby fully warrant unto the Association tM title to said property end will delerd same against the rrsortpege claims arsd demands of ell persons vNsomsoever. NOW, THEREFORE, the condition of this mortgage is such [hat it the Mortgagor shall well and truly pay unto the Astocwtan, the indebtedness evidenced try that certain promissory sou, of every date herewith, node by the Mortgagor end payable to the Asfociaton, in the principal sum ~f Thirty One Thousand One Hundred and No/100 f]OLLARs 31 100 00 oge - ~ pay month:, and shall IS e . 1, t the with interest ss theran sated, able over a arm of 348 perform, comply with end abide by each and every tM stipuletior?; agreement; casditans end covenants contained and set forth in this mortgage and in the promissory note secured hereby, then this mortgage and the cute hereby created shall case and be null end void. AND flee Mortgpor does hereby o0wrwst and agree: 1. To pay ar and sirspular the f~4~ and interest and other sums of many payable by virtw of sad promissory sou end this mortgage. a either. promptly on the days respectively tM same ewenry become dw- 2. To pay sr and ainguler tree tattas, at~ssarrtersts. other poverrwrsetstsl News. TisbiMties, obMgations and ersarrrsbrsrsees of wary nature on said described property end the related debt at~trrsition each and wary wMn dw and psyabN sooordinp to Nw. before they Decors delinquent ord. H the same ahsr not be promptly paid. the Assoastion may at any rims. eitlssr before or after dslinquertey. pay tM same without waiving ar sifectinsp the option to foreclose, or any ripM hereunder. and awry psytrsent so made char bear interest from flee date thereof st flee ree of ten Pe? cent 110%1 per snrwm. ~ y b0 3. Tlsst the Mortgagor wiN keep ar real and personal property now or Isereahsr erswrnbered by des Men of this mortgage waured as may bs required from rims to ~ i ~ tirta by the Assocwtwn against loss by fin. windstorm and other hazards. Casuiltiss and castinpsrsesp for fuck perwds and for not Nss than such atnounu ss e, p m may bs required by the /lssoeration and so pay promptly when dw ar prerrwums for such inasrsrsoe. Mortgagor sprees so debwr ranwasl ar rsplacenant ray ~ C ~ poMCws of any nature a repNwrsam cero6eses of iratxarsce to tM A»oeiatbn. at Nast ten 1101 days Prio? to flee expiation or arsnivanary doe of eM existing 4 d ~ Ol poMcws. TM amouns of irawsrsce required by the Aseoewtion char a minrsurn amounts for which said irawarsce shW be writers and rt ahs#I be irsasmberst a Z ~ M epos flee Mortgagor to tnswstair? such sdditionsl irauranes as may be racessary to meet and comply fury with ar co-iraurarsoe regt.nrtserte omtsined w said O ~ poMcsss to the yrsd tfut said Mortpspor w not s co-imuror tftanurder. lnswartoe slat be writers by • company or carrpwties approved or desipnaed btr tM Asiiiciatton an3 ~pTicibs and nrwwils pssre3t Thar W haiQ"try lIN-AasOdatlon.-Alt WtsASd dssipwtiota bYttta-Matpipor~rirdrare scwpted by-tta---- ~ ~ ~ ~ Assou7tion and pll agreements btMeen Mortgagor and Assoaatiors reNtirq to irauratsce. now Nostinp or hereNer rrads. star be in wribtsp and afar be s pert f $ w O of this mortgage agreement as fury as tharph set fords verbatim fssrein and shMl govern both parties IssrNo and their woaseors and assipta. No Men upon arty O of said poMcies of inwrarscs or upon any nWnd a ntum premium which may be peyabN on tM catscerstion or termination tlsereof. shat be ¢wn to other flare y y ~ ~ the Association. except by proper erdorNnsent affixed to such poky end approved by flee Assowtion. Each polity of iraurasce shsr haw affixed thereto a ~ ~ ,r Standard New York MoKpspee Clews without Contribution. making M Mass ar losses alder suds polity payabN to tlse Aasoeistion ss its inssnst may appear. ~ ~ L In the event any wm a sums o1 moray beconse payable tlanursder, flee Association star haw the option to revive std apply 1M same on socassrst of flee in- ~ ~ _3 dabtedtsess hereby ascend. or to permit tM Mortpapa ~o receive and u» it or stair part thereof. withou) thereby wsisrinp or impairrsp any puih?. Men or riplst Q O rA too the Assxiation end tM A~ may nor t~ ~ ~ ce^a w ~ ~ P?~Pth by t~ M~~• evMK loredoestre of the' mort pe. or ~ O other vansNi of title to tM mortgaged property. in sxlirspuwlrtserst of the irsdsbedrsets secwed hereby. ar right titN and interest o/ the IlAortpapor in end to iii ~ fl any irassnnce poMcies then o force slsar pass to the purchaser Or prantN. TM Mortgagor further sprees to abide by Use ruNs and existing regtilatiorss of tM I Association. M oorrseetion with tpuirad irawance towerape of flee property Isareirs eneumbwed. in - S TaT E r= i_ C! a I ~ s ~o_,_, ~ 1N PAY1~1fT Of T (J rev t T 1. :J 1' QUE OM ~ lf@ ,r. Ate: i c~-: UVt_Ulv~GitiiHrt_ t: ~ ~ ~..!tl! _ _ ! l--., r. InT~t:u~aLF PERSgRAI r ,iFri :r }?LYEP.Ji _ ' PURStIk?!: T~ i;:?t- 71- d ACTS Qf n~~' i -:~s'~ j 4 Paragraph 4 and tlsoas which forow an oontairsed an the revsrw aids d this rrsortpaps end by rsferenoe are incorporated rrsto flee body of this mortpepe. The terms Mortgagor and Association, whenever used in the instrumMt, shall include the heirs, personal represenutives, ssiocesaors Or assigns of the respective parties hereto, Wherever used, the tar shall incMrde tM plural and tM phial the singular, and the use of any gender shall include ell genders. IN WITNESS WHER these have been fed on tht day end year tint shove writtM. Sigrsed, sealed in of: e ~ ISEALI x • ISEALI 3 ~ ISEALI Witness • - tsEAu DOMINION OF CANADA F C_P$QY~CE OF ONTARIO 7 ~ t'~;:'~' ~ ' The toregoirg instrument vies acknowledged bslare nor this ~of April , 19_1 " ~ e•.v ~ COYLE and OLGA COYLE, his wife, T ~ ~0~4 ~ • ~ ~Y`~ My tonsrnission expires • _ F ~t ~ t 4 Notary Publit:~l