Loading...
HomeMy WebLinkAbout0111 C-468A kc THIS MORTGAGE INDENTURE 58890-2 ~ ~ Executed this 19 day of September , A.o.. Is ?9 , by 4Ej~.'70?~ THOMAS SCHINSKE and RENEE R. SCHINSKE, husband and wife bpi party of the lust part (heranalter celled Matgsgal, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION ~ 'a ~ a corporation •xrstirsg wilder the laws of tM United Sates of America, pity of the secorsd part (1?sreinalter called the Astaxiationl, WITNESSETH, That for divers good and valwble cassideratrons, and to secure tM payitsent of the aggregate vein of money nansld m the promissory note ul even dale herewith, hHtinaftN rrtentror?ed, together with ingrest thereon and sll other wins of molly setured hereby as hereinaltN provided, the Mortgagor doff grant, bxgain, xfl, siren, rerrtife, rNtase, convey and confirm unto the Assocubon, m lee srntpN, the lollowirg described real estate, of which the Mortgagor is now sewed and possessed and m actual po:sitssion, situate in the t:ot,nty of St . Luei a State of Flaids, legally described aefalowe: Lot 30, Block ?33, PORT ST. LUCIE SECTION EIGHTEEN, according to the plat thereof, as recorded in Plat Book 13, pages 1? and 17A through 17K, of the Public Records of St. Lucie County, Florida. SUBJECT TO restrictions and easements of record. This is a purchase money mortgage. TOGETHER with all structures and improvements now and hereafter on said land end the fixtures attached thereto, alw tOgetfier with all and Lrigirlar the tenements, heri!drtsrMnts, casements, riparian rights arsd appurtenances thereunto bNorsging, or in any wise appertaining, and the rents, issues, and profits thereof, and stso ail the estate, right, title, interest and all cWims and demands whstsoevN, as well in law ss in equity, 01 said Mortgagor in and to the same, and every pxt and parcel tltereol, and also all gas and electric hxtwes, radiators, heaters, as conditioning tquiprrient, mxhirsery, boners, ranges, elevators and motors, bathtubs, sinks, water closets, water basins. pipes, faucets, and other plumbing and finking frxtures, mantels, refrigerating plans and rte boxes, window screens, screen doors, versetian blinds, storm shutters and awnings, which xe now or may hereafter pertain to a 6e used with, rn a orr said premises, even though they be attached or detachable, xe end shall be di!ertted to be fixtures and accessions to the freehold and a part of the realty, and, if the above described property is now a shall hereafter be used for conwtsercisl purposes, thM the lumiture and fumrsMngs and any replacements thereof which may be owned by the Mortgagor and rMtich are now or may hereafter be located upon the above described property. TO HAVE AND TO HOLD the same, together vwth alt the estate. right, title, interest, homestead, dower and right of dourer, sepxste estate, possession, claim and demand whatsoever, in law o. in equity, of the card Mortgages in and to the s.tnte, and every part thereof, unto the said Assocrahon rn fee simple. The Mortgagor hereby covenants wrtA the Association that the Mortgagor is indefeasibly salted vwth the absolute and tee simple title to said property. and fix full power. and lawful authority to sell, comrey, transfer and mortgage the same. that it shall be lawful at any tittle hereafter fa the Association to peaceably and quietly Mter upon, have, hold and copy said property, and every part thereof; that said property is tree and discharged Iron all'l:ens, encumbrances, and claims of any kind, including taxes and assessments, except the Iron hereof, which is a first ben on said property, that the Mortgagor vvrll make such turthN aswrances to perfect the fee supple title to said property m the Association as may reasonably be required; and that the Mortgagor does hereby fully warrant unto the Assocrauon else title to card property acid wdl defend carne against Ifie mortgage claims aril demands of all persons whomsoever. NOW. THEREFORE, the concbuon of this mortgage is such that d the Mortgagor shall well and truly pay unto the Assixratron, the indtbtecfness evrtierxesl try that certain promrswry note, of even date he:e~:ah, made by the R'.o:ty,.y..: and Payable to the .ais~'ra!r^n, m the principal vim ot---------------0NE THOUSAND, FIVE HUNDRED----------- DOLLARS ISl , 500.00 1, together with toter eat as therein stated, payable over a term of 60* months, and shall perform, comply will and aMde by each and every flee stiputauons, agreements, conditions and covenants contained end set forth m this mortgage and in the promissory note secured hereby, then this mortyage and the estate hereby created shall cease and be nuU and vod. TRANSFER OF THE PROPERTY; ASSUMPTION It all or any part of the Property or an interest ttserein is sold or transferred by Mortgagor without Association's prior written consent, excluding lal the creation of a lien or encumbrance subordinate to this Mortgage, Ib1 the creation of a purchase money security interest for household appliances, (c) a transfer by devise, descant or by operation of law upon the death of s joint tenant or Id) the grant of any leasehold interest of three yean or less not containing an option to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association shall have waived such option to accelerate if, prior to the sale or transfer, Association and the person to whom~the Property is to be sold or transferred reacA agreement in writing that the credit of such person is satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall be at such rate ss Association shall request. If Association has waived the option to accelerate provided in this paragraph and it Mortgagor's successor in interest has executed s written assumption agreement accepted in writing by Association, Associs.ion shall release Mortgagor from all obligations under this Mortgage and the Note, If Association exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Mortgagor may pay the sums declared due- If Mortgago? fails to pay such sums prior to the expira- tion of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. ANO the Mortgages does hereby covenant and spree 1 To pay alt and singular the principal and interest sod other sums of money payable by virtue of said promissory note and this mortgage. or either, promptly ors the days respectively the same severally become due 2 To pay all and singular the taxes. assessments. other govsrnmsntsl levies. habihties, obligations end encumbrances of every nature on card described property and the related debt acquisitan each end sorry when due end payable according to law. bstae they become delinquent and. it efts same shall tat De promptly yard. the Associatron may st any bins. either balsa or shat delinquency. pay the same without waiving or aHectinq the optan to foreclose. or any right ~ ~ ~ hereunder. and every payment so made shall bear interest from the date thereof ai the rate of 15cy per annum. ~ G ~ 3 That the Mortgagor will keep all rest and personal property now a hereafter encumbered by the hen of this mortgage insured as may be regwred from wine to ~ ~ s„ time by the Association against bas by fire. windstorm end other hazards. casualties and contingencies for such periods and for not less than such amounts as ` O G may be requred by the Association and to pay promptly when due all premiums fa such insurance Mortgagor agrees to deliver renewal or replacemem Q p ~ pobues of any nature or refafscement certdicstss of mwrance to the Assocutron. at least ten (10) days p+ioi to the exprratron w anrnversary date of the existir•.a t71 dd pobcies The amounts of mwrance reQunsd by the Associsuon shall be minimum amounts fa which said mwrance shall be written and it shall De incumbent ~ y M upon Me Mortgagor to maintain such additional mwrance as may be necessary to meet and comply fully with all co-mwrance requirements contained an said '1 r~ t ~ policies to the end that card Mortgagor is not a co-inwror If»reunder (mwrance shall be written by a company or companies approved or dss.gnsiad by the N ~j pD R Association and all pohues and renewals thereof shalt be held by the Association Alt detailed designations by the Mortgagor which are accepted by the ~ ~ ~ Association and aN agreements between Mortgagor end Association relating to inwrsnce. now existing or hereafter made. shall be m venting end shall be a part 3 s+~ 0 01 this mortgage agreement as fully as though set forth verbatim harem and shall govern Doth parties hereto and their successors and assigtts No hen upon any C = t0 ~ of said policies of msursnce or upon any refund or return premium which may be payable on the cancellation or termination thereof. shall be given to other than G ~ ~ the Association except by proper endorsement affixed to wch policy and approved by the Association Each policy of inwrartce shall have sffued thereto a ~ ~ ~ Standard New Vork Mortgagee Clause witlaut Contribution. making all bas a bases wilder wch policy payable to the Association as its interest may appear ~ 3 ~ In the event any sum or sums of money become payable thereunder, the Association shill have the option to receive and apply the same on account of the in debtedness hereby secured, or to permit the Mortgagor to receive and use n. tx any part thereof. without thereby wamrtg or impairing any equity, hen or right C Q ~ y under and by virtue of this mortgage In event of bas or physical damage to the mortgaged poperty. the Mortgagor shall give immedats notice thereof by man [o the Association and the Association may make proof of bas if the same is not made promptly by the Mortgagor !n event of foreclosure of ills mortgage. or t N ~ Q other transfef of title to flee mortgaged property. m exbnguishmsnt of fete indebtedness secured hereby. all nght. title and interest of the Mortgagor m and to 1= 5 a .:~..:e.-.:.e y:.:C:e'a 'v`,eR :.::C:.:.b «.3 ~,a`.:.^.:F.L "r:::GC::~LP.: ~:,.::[S:. ~e ~::a~~~j~:: ?c=E`:e~ =~`ce_ ~ ~ ~v. j :_-_.a.,__z r, . _ Association. in connection with required insurance coverage of the property heroin encumbered Paragraph 4 and those vvlrch follow ors contained txt tM twerp side of ells mortgage and by refsrertce are incorporated into the body of taws mortgage. The terms Mortgagor end Assocutan whenever used in this instrument, shall include the heirs, personal representatives, wccessors or assigns of the respective parties hereto. WlterevN used, Me singulx riu t~isil i lu he plural and the plural the singular, and the use of soy gender shell include all genders. IN WITNESS WHEREOF, these mi ' h e:ecuted on the day and year first show en. Signed, seated rve rn t pr 'L ~f-+a-~ ISEALI THOMAS M. SCHINSKE ' ISEALI Received s In Payment Ot Taxfl!s RENEE R. SCHINSKE a - ISEALI ~ - ot,r =~,ant To f_hapter 71, 134, Acts Of ' Q~~. r ' ISEALI 9~ ate.. ~.,,Q ~ yf~^lenr~ Grcuit Court, St. Lucjfa. Co., Fla. ~p.~s~7~ STATE OF -A+~/RIDA COUNTY OF ~iA+r3~l+ ±+s Tl?e foragoirtg instrurtserit was acknowledged before rite this day of September , tg~ by i~`e s~'~~li THOMAS bi. SCHINSKE and RENEE R. SCHINSKE, husband and % ~`-J Notary Put~tc, State of Florida at ~rq! ~ L~tsNO RERE AAy c4rrMriif{iOri exp.es 1`.'y Cr, ~''I`%`ort E,Itires Occ_ 13. 19R2 Notary Public. Stag of ~ ~ 1 n r i rl ~ ~ payments of $21.81 and then a Balloon Payment of $902.3? i *59 month