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HomeMy WebLinkAbout1473 ~ _ s-6~ csH THIS MORTGAGE INDENTURE C-388A mab Loan ~531s1-2 Executedthia days August ,A.o..f9 ?9er RICHARD 8. MEDLEY and MARY R. MEDLEY, ~e~ • husband and wife, Derry o/ the fiat part h+.reinatw calla Mortgsgal, to xWV~~ CHASE FEDERAL SAVINGS AND LOAN- ASSOCIATION a corporation txistitg order tM Isvvs a tM Unite Stater a America, Arty of tM teoortd pan Ihareirsaltar trued the Astociationl, WITNESSETH, That for divers good and vakrabN considerations, end to seua the payment of tM eggrepa ttrm of many named b tM promissory note of even date herewith, heroinafter mentiorred, together with interest tlseraon end su other strms of money sprra hereby as hsreinafar provided, tM Mortgagor does grant, bargain, seM, alien, ramie, reNase, conwY and confirm unto tM Aseociation, in fN sanPN, tM followirq desaiWd real estate, Of whieA the Morgagor is now s.rte and possessed and in actual poaasion, shwa in dre Counry of .4t . Lucie , Stara a Florida,, fewfb described - } asfabwa: Condominium Parcel No. 3833- of BEACHTREE T CLUSTER as per the Declaration of Condominium thereof, recorded in Official Record Book 296, pages 1438 through 1510, as amended by Certificate of Amendment, recorded in Official Record Book 300, page 212 to 221, and as amended in that certain Certificate of Amendment dated May 2,.19?9, and filed May 24, 1879, and recorded in Official Records Book; 309, Pages 1149 through 1173, all of the Public Records of St. Lucie;County, Florida. i TOGETHER wiM eft structures and improvertrantf now and hereafter on said land and the fixtures attsdred thereto, sko together with all and singular tM tenements, hereditarrtr?ts, essnrrents, riparian rights end sppurtanarsoes thereunto belonging, or in arty wise appertaining, and the rents, issues, and profits thereof, end also all the estate, rght, titN, interest end alt cbirrs end danwtds whatswwr, ss wall b Isvv as inequity, of said Mortgagor in end to the same, and every part end psroel thereof, end also all gas and ntNcuic fixtures, radiators, heater, sir conditioning equiprrtent, mschinrY. bolters, ranges, elevator and moron, bathtubs. sinks, wear closets. water basins, pipes. faucets, and other ohrmang and Ireatirg fixtures, mantels. rotrigerating plain and ice boxes, window screens, sueen doors, venetian Wutds, storm sftutters and swnirgc„ which are now or may hereafter pertain to or be use with, in a on sad premiss, wan thagh then be detsdrad or deuchabN, are and shall 4e deems to a fixtwes end accessions to the freetrold end a part of tM realty, end, if the above described property is now or shall-.hereafter be used fa nwmnercial purposes, then the furniture and furnishings and any nplsantar?s thereof which may be owned Iry the Mortgagor and which are raw or may Mreaf ter be looted upon the shove described property. TO HAVE AND TO HOLD the same, together with all the ante, right, title, interest, homestead, dower and right of dower, separaa estate, possession, claim and demand vrhstsoever, in law rx inequity, of tlse said Mortgerlor in and to the same, and every part thereof, unto the.said Association in tee simple. The Mortgagor hereby covenants with tM Association that tM Mortgagor it indefeasibly seized with the absolute and fee simple title to said property, and has full power, and lawful authority to sell, corwey, trsrsier end mortgage the same: that it shall be lawful st arty tine INresftsr for the Association to pesoesbly end quietly ante. upon, have. hold and enjoy said property. and every pert thereof: that said property is free and disdtarged from all liens„ encumbrances, and dears of ar?y kind. including taxes and assessments, exnxpt the lien hereof, which-is a fast lien on said property: that the Mortgagor will melee such further assuranrtxs to perfect the fee simple title to said property ; in the Association as may reasonably be required: and that the Mortgagor does Mreby fully warrant unto the Assocation the titN to said property end will defend same against the rrrortgarge claims end densrds ai as1 preens wlsornsoever. NOW, THEREFOfiE, the eordition of this mortgage- is such that if the Mortgagor shall vvNl and truly pay unto the Association, the indebtedness evintlnCed by tlult certain promissory rroa, of even dsa harawitA, made by the Mortgagor end psyoble to the Association. in the principal sum o, Thirty Four Thousand Seven Hundred and No/100 DOLLARS Is 34 , ?~0 . ~0 together with interest as therein stated. payable over a farm of months. and shall perform, comply with and abide by each and wary the stipulatans, agreements, catdiirors end covenrtts contained and set f rn this mortgage end in the promissory ran secured hereby, then this mortgage and the estate hereby CENte shall cease and be null and void. AND the Mortgagor does hereby uovertatn-and agree: 1. To pay adl and sirguNr the principal and interest and other sums a money payable by virtue a said prorrrissory note and this mortgage. a either: promptly on ttrs days respectively tM soma aeveroMy betx>rrre dun. 2: To pay aN end singular trte taxes. astwsrtraats. other govtarmrentN levies. 6abilitiea, obkpatroro and encumbrsrtces of wary nature on said described property and the related debt acquisition eadt and wary when due and payabN aooordwg to law. beforo they become dslingwnt and. it the same tJtsY not be promptly paid. the Association may at arty time. eitMr bebro or afar daMtquerxy. pay the same without waiving err aHectirtg tfte option to fonedoss. or any right hereunder. std every payment so made shay bear interest from the date thersa at the ran a ten per cant It0lGI per amum_ _ 3. That the Mortgagor wid keep sN real and peaortal property stow or hersaftet ertpnmberad by the lien of this mortgage insured as may bs roquirod trout time to time by the Association against loss by tiro. windstorm and other hazards. uwakiss and oontigsnciss for such periods end for not Nss than aarctt amounts as may bs requbd by the Assocatan and to pay-promptly when dos adl premiums for such insurance. Mortgagor agrsas so dskver renewal a replacement polices of any naturo a replacennatt certibcates a iwrrortce to tM Association. at Nast tan (101 days prior to tM expiration or srtniwrsary date a the existing pdices. The amounts of insurance requaa by tlra Asson3ation shah bs mwmum amounts for which said insurance shah be writan and it shah be incumbent upon the Mortgagor to maintain such additionN insurance ss may be rtstx:sary to reset ar±d cwntph fury with aM txriswartce rsgttiremana tontatinsd in said pdicies to tits end that said Mortgagor a not • oo-irsuror tttrawtder. Insursnee shah bs written by a company a eontpaniss appoved a designated by the Assocstan ertJ sY po4cies and rsrrvvaN theroof s1taY bs held by the Associaton. AN detaiNd dssigrsatiorts by the Mortgagor vrltich ors accepted by the Assocation and as sgrserrtents between Mortgagor and Association reNting to asursnce. now existing or Itersaiar made. shag be in writxg and shat) bs s part of this mortgage agreement as fuNy as though set forth verbatim Mersin and shag govern both parties Mroto and their strcceesors and assigns. No liens upon any . of said poises a isursnce or upon any refund or retwn promium which may bs psyabN on the catcerstton a termination cheroot, shat ba given to other chars the Association. except by proper artdorserrwtt atrae to such poky and appoved by tits /lsocation_ Eadt poky a itsursnee shah haw affoted thereto a standard New York Mortgagee CNws without Contribution. making ad bas or bases urwtr such poiry paysbN to the Association as its interest rosy appear. In the event any sum or wins a money become payabN tttareurtder. the Association shag have the option to recaivs end apply the cams on accotrtt a the in- debtedrtsss hereby securod. or to permit the Mortgagor eo roceiw and use iL or any part thsreot, without thereby warvirg a impaling any equity. lien or right under and by virtue a this mortgage. In event a bas a physical damage to dte mortgage property, the Mortgspor shall give imrrtediaa rwtics tltersof by mail to the Assocatia? end the Association may mab proof a bas if the soma ns not made promptly by the Mortgagor. In event a foredoauro a this mortgage. or other trsrsfs? of title to the mortgaged property. in axtirtgusltrrtertt a the indebtedness secured hereby d right. titN and interest a rho Mortgagor in std to any irtsurartrx poiciss then in force shah pass to tM purchaser or grantee. TM Mortgagor turlt~er agrees to abide by the ruNs and existing teguNtior?s a the Association. in oomsction with required inwwrta cotrerogs a tM property herein ertctwrtbered- lY ~ a. - _ RiLf;a~i: ; 6 9. y~ * • Thls Instrument was prepared fly I:ri~-..5 std - `y ~r'~` .~•{~t' ;~x'~ WM. q. OUGHTERSON, Attorr-y FU.,,,.-'1fI T:, Cis.:.-T~' Tl-1'a,r.~.r.ri F?^,,;-[j}~i . is cf MIL _ P. O. Drawer 86, Oughtersor. S. - CLibK G:.Z~ CuIiRT, St. UI:E CO, FIB, Stu^rt, flora 1 Paragraph 4 and tltoae which toMow ors coMaiNd on the rsversa aids a this mortgage and M reference sro incorpoaad into tlta body a this mortgage. The tears Mortgagor and Association, whenever used in this inprwrtent, shall include the heir, personal npresattatives, wocessors or axcigrts of tfie respective parties hereto. Wherevu used, the singular rturnber shall inteknde the plural aed tta plural the singular, end the use of any gender shall irtdunfe all genders. IN WITNESS WHEREOF, these promise have been exewted on tM day and year tint above written. trnled end dN ~ presence of c - ~ • ~ ISEALI "r • (SEAL) ISEALI 't • ISERtI ° STATE OF ~sSACHUs~'F'' l~TsS COUNTY OF • A st Q RICHARD B. ~ The foregoing imtrumatt was acknowledged before me this -1~~--~~yqf.~~~- . 19~~Dy ,.~.r..... ,,1~a „ rtr,e ...`.p... MEDLEY and MARY R. 3dEGLEY, hy~liahd..>~~d ,krj.fe, 'G . f i.:.:,~, •J~i R My canrnisfion expaes ~ / V - . , ,t' (t'~ -ct S _ •z • ' = Massachusetts i~ ~ ~!td~/iryl~ttllie, Sera a f~ ~ ~ ~ - .