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57?77-a -
THIS MORTGAGE INDENTURE
Executed this ~~deY of AuguBt , A.o., tg 79 . by ~L`A.,p~
RICHARD N'. ~IcKENN$Y and BTHEL P. McKENNEY, husband and wife V~v~~~ftr?~~77 .
party of tM fast part lhertinetter ca14d M«typorl, to - '
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION
a corporation existing under tM laws of rise United Sags of America, party of tM second pert (hereinafter plNd tM Astx?ciationl,
tNITNESSETH, Tlat t« divers good and vakabN considsratiom, end to peon Ilse payment of list spprepaa suro of mwNy ninNd in the promissory nose of even date 4
herewith, Mreirsatter mentioned, together with interest tbereom and all other start of r»orsey setxrred hereby as hereinafter provided, the M«tgsga does grant, bargasn, sell,
alien, remip, release, convey and confirm unto tM Aaociatan, in tae simple, rise folbwirg described reel elan, of which the M«tgagor es rww seised and Posseued and in 1
actual posspsiow, atwte in tM t:osrnty of sSt . Lucie .Sate of Florida, legally descrebed
a: follows: Condominium Unit $ of Tract 3 of VILLA DRL 30L CONDOMINIUM[, according to
the Declaration of Condominium thereof ere recorded in Condominium Book 1, at page
1, and in Official Records Book 182, at page 1323, of the Public Records of St.
Lucie County, Florida, as amended and supplemented by amendments thereof filed on
October 28, 1970 in OR Book 187, page 279; November 14, 1972 in OR Book 208, page
1480; and on June 13, 1973 in OR Book 215, page 794; and on July 19, 1974 in OR
Book 229 at page 2535; December 29, 197? in OR Book 279, page 1549, respectively, i
among the public records of 3t. Lucie County, Florida. - fi
TOGETHER with all structures end improwtrsents now and hertatter on said land and the fixtures attsdsed thereto, also together with all and singular the tenMSersts,
hereditamants, esstrreents, riparian rights end appurtersarsces thereunto bebtsgirsg, « in any wise appertaining, and the rents, issues, and profits thereof, and also all the estate,
right, title, interest and ell claims and demands whatsoever; as well in law ss in equity, of said M«t9aga in and to the same, end every part and parcel theraoi, and also all gas
and electric fixtures, radiators, Iseetsrs, air conditioning puipment, machirsery, boilers, rarsges, elevators and motors, bathtubs, sinks, water clopts, water basirss, pipes,
faucets, and otfeer plumbing and heating fixtures, msntels,~r trigerating plans end ice boxes, wsrsdow xreens, st:raen doors, versetian blinds, slam shutters end awnings, which
are rsow or may hereafter pertain to « be upd with, in « on said pemaes, even tleotrgh they be detached a detachable, ere and shall be deerrsed to be fixtures and actessiorss__
to the freehold end a part of tM ?salry, and, it the above described property is now « shall hereafter 6e used f« corrwreercial purposes, than tM furniture end furnishings and
any replaurtsents tlseraol which may be owned by rise Mortgagor and which are oar « may hereafter be located upon the above described p.oPerty.
TO HAVE AND TO HOLD the same, together with alt the elate, right, title, interest, homestead, dower and rght of dower, teperate elate, possssiors. claim end
demand whatsoever, in Iarv « in equity, of ttse said Mortgagor in and to the same, and every pert thereof, unto the said Association in tee simple.
The Mortgagor hereby covarsants with the Association that tlse Mortgagor is irsdelaesiWy seized with the absolute end tee simple title to said property, and has lull power,
and lawful auth«ity to sell, convey, uertsfer end m«tgage the same: that it shah be lawful at any time hereafter for the Association to pesoeaWY and quietly cote. upon,
have, hold and enjoy said property, and every part thereof: that said property is free end daa`arged from all liens, tnwmbrsnas, and claims of any kind, including taxes and
assessmnsts, exppt the lien hereof, which a a f'ust lien on said property: that the Mortgagor will make such further aswrersoes to perfect the fee simple title to said property
in she Association at may reasonably be required: and that the Mortgagor does hereby fully werrant unto the Association the title to said property will defend same
against tht mortgage claims and demands of all persons whomsoever.
NOW, THEREFORE, the condition of this mortgage is such that ii the Mortgagor shall well and uuly pay unto the Association, the indebtedness
evidenced by that certain promissory note, of avers date herewith, made by the Mortgagor and payable to the Association, in the principal sum 4
ol ---------~SI%TY-TWO THOUSAND, FOUR HUNDRED---------- ooLLtiits
IS 62 , 400 : 00 - 1. together with interest as therein stated, payable oww a term of 348 months. and shad
perform, comply wide and abide by each and every the stipulations, agreements, conditions and covenants contained and set forth in this mwtgage and in the promissory note
secured hereby, then this mortgage and the elate hereby ueated shall Dense end be null and void. !
AND the Mortgsp« doss hsrtby covanerst and apse:
1. To pay aN and singula? tM principal and interest and other sums of money psysbN by virtue of said promissory non and this mortgage. «srther. prompHy on
tht days rsspectisraly flan same severaNy beoonse due.
G 2. To pay aN and singular list taxes. asstsartsents. other governrrserstat levies. liabilities. oblipetiorss and enwmbrancss of every nature on said desu~bed property
•~D end the related debYacquisition each and every wMn dw and payable aaordinp to law. before they beoana dewtgwnc and. i(the same shah not bt promptly
paid. the Assoastan may at any tittle. sitMc before « afar dNingsrertcy. pay tM ssrne without « sfftetirp the option to foreclwa. « any right
hereunder and every lpY~t so made shah bear int.rtst from the date thereof at the rate of per annum.
3- That the Mortgagor will keep aN real and personal property scow «Istrtsiter srsauMered by the ken of this mortgage irssarred as may ba required from time to
time by the Assoaativn sgairat bas by fin. vvindetorm and other lsizards. casualtits end continpsrscses f« such periods std for not less than such amounts ss t
may bs required by the Association end to pay promptly where dos all premiums f« surds inwrsrta. Mortgsg« sprees tD delver rerssvral « replacement r
pokciss of any naturo « replscerteent urtiticstes of irssurarsos to the Assowtias. at least ten 1101 days prior to flee expiration «srwrversary date of the existing
policies. The smouna of iratwance rtquutd by tM Association ehM bt mirwrwrm amounts f« which p7d insuwnce stsaN be written end rt shall be wsarmbent =
upon the Mortgagor to maintain sucA addsSorsN aswrsnce as maybe rssaspry to matt and comphr tuNy with err oo-essuranoa rsquirsmsna rxsntairstd in said
policies ro the end that said Mtxtpspor is not a oo-inwror therensrder. ltsurance shah bt written by a coer>party «oomparsiss approved «dssigrsstsd by the
Association artd sN policies and rertawsb thtraof shay be hNd by UN /iseocistion. Ap dtteiled dtsiprsatiorse M the M«tgapor which era accepted by Ilse
Association and iN agrssmersts belvrten Mortpepof and Association rMatinp to itsarantp.now existirsp «Isertsitsr made. shall be in wriMsp and shah bs a part
of this rrsortgegeagrsemsnt as ropy ss Usouph set fortis verbatim herein and shall povem bolls partigs hereto and their strcpssors Bred assigns- No ken upon any
of said policies of irtsursrsq «trpws any rshrid «tttum prenwm wMch may bt PeYat~ txs the carsoeNation «termination tlserpF, shay bs given to other than
tht Association. except by proper erdaserrsertt affixed to such pofw•y and approved by the Association. Each policy of irawanp shah Issue stfiaed thereto s
Sardsrd New Y«k Motgsgts Geust wiUsout Contribution. making sY bas «losees ttrsdsr such pokey payable to flat Astotdation as its interest may appear.
In the event any sum Ot morwy btoonN psyabM UNrersrder, the Association slssN haw the option to receive and apply Use same on account of the in-
debtedness hereby seaxad, « to permit tIN Mortpsp« to receive and tae il. «any pert thereof. without tMreby waiving « impsmrg any equity. ken « right
under end by virtw of this nrortgsgs. M ewarst of bee «ptty,ical demept to the rrwrtpsgtd ProPertY• the Mortgagor shah give irmse6ap rtobce thereof by mail
to tM Associatan end the Association may_mab prow of bas H Use prret is not made promptly M the Mortgagor. In event of forodosura of this mortgage. «
other transfer ~ titN to UN rttortgaped DroPertY. in txtirsptwstwttatet ~ ttN indebtedness secured hereby. aN right. title end interest of tht Morlgepor in end to
any instwanoa policies User in ford shah pass to Utt purchaser «prsntet. Tfte Mertgspor further agrtea to abide by the rules and sxisMq rapuhtioaes of the
Association. M oorwsscbon wdh taquirtd insurance ooverapt of Usa property fterein ersawrsbered-
i
SUBJECT TO terms aad~conditions of above Declaration of Condominium and the ~
Amendments thereto, and easements of record.
n_r.r.::3 ~ t~~ !K 7f.~fAE(iT t" :•`.rES
This is a -purchase money mortgage. r_. ; ~,t:,-_: i'~ : `•~=~°~iE Po>~~~~i r ~`Ty~
- - _ : 7i-::~. ACTS Of q~i.
r,L~nX G%i.tNY GvliitTr ST. W-~ CO, - _
4. -Psapaph L and those whits foNow an o«rtairttd on Utt rweres sin at this mortpept and by reterertot ere irscorpoatex) into the body d tfrs rrsortgapt.
The terms Mortgagor and Association, whenever used in this irestnrreeret, shell int;audt the hews, personal reprepnatives, frroasers « sssgns of the respective parties
hereto. yMserewr sited, tttt singular number sfsall irstlydt rise plural end tM plural dse singular, end tilt use of any gerdtr shall include all yersders.
~N YYITNESS yyHEREOF, ttseee premises hew been txearted on the day and year first about written.
Sgrsed, end ddiwred m the ~ / -
ISEALI
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C. ~.~/~it. _~i(iv"~. t (SEAL)
~~~r ~P . McKffi~NSY
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STATE OF NEW HAffi~SHIRS COUNTY OF ~RM ~ ~ e r
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Aueust , 19~ by ~ .r,?
The foregoing rrutronrent was sckrsorrledged before me tfiis day of
.J w
RICHARD N . MIcKENNEY and BTHBL P . Mc , husband a ~ ~ - 'T`- • -
_ .
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MY commission expires ~ .
o ~ . ~ ~ PIGf ~ f
iO~ r . StMt of