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Home My WebLink About2202 f r ~ ~ •'~b3005 ~ / t ~~c 7 ~I~G~,~ ` ' ~ THIS MORTGAGE INDENTURE ~^9 E.ecWed thif .L'~Lh day of OCtOber . A.O.. 19 . by RE',.Y..e s 1~ v. _ i~ r.• • - ~ ? ~ x-S LYLE B. GRANT and WIIMA L. GRAND, husband arld wife 1u;.s„+ti, Tu .1 1 ,1- -4, __I'; perry of the Nnt part Ihr.tinalter called Mwtgagorl, to ; CHASE FEDERAL SAVINGS AND LOA~`''~1`~~:~~'S~I'I'IO'NE co., fu~ a corpwabon errnt+rtg uruflr the laws of the United States of America, party of the second part (heranalter called the Associsuonl. WITNESSETH, That for dwers good arxf valuable consrderauons, and to secure the payment of the agyregite sum of money Harnett m the piumiswry note ul even date Herewith, hereinaltN mentioned. together w+ih interest thereon and all othp sums o1 money secued hereby as heranatiN provufecl, the Mortgagor dots grant, bargain, sell. atrcn, rertlrst, release, convey arwf conhtrn unto the Assoc+ation, m 1K simple. the tollowrng tfes[nDet1 real estate, 01 which the Mortgagor is now sewed arxf posussrrt arxf in xtual posfKSion, srluate m the County of S+t • Lucie ~ State of Flor+da, legally drscnt+rrf as follovvS Lot 26, Block 15, INDIAN RIVII~ ESTATES, UNI'P 3, according to the plat thereof, as recorded in Plat Book 10, page 47, of the public records of St. Lucie County, Florida. TOGETHER with ap structures anU rmprovernents now anif hereafter on saut larxf and the li.tures attxherf thereto, alw together w+th alt and s,nyuiar the trnrments, .r-•c•ditaments, easen+ents, riparian nyhK and appurtenances thereunw I+erony,ng, w in any wise appzrtanury, and +he rents, nsues, and profgs thereof, end also ,+11 the rstete, ;ht true, mcerest and all clams and rtemands whatsoever, as +niell in law as m equny, 01 card hturtyagur m and to the same, and every pa+t and parcel titer rrif, .•nd .+tso eu ys s;,l electric h.ewes, r,idwtor s, heater i, au condd+omng e.{wWrsent, machinery, (wrier s, renyes, elPVatws arxf motors, (wthtutn, sinks, water closets, wate+ bas,ns, pq+rs, ,~.,cets..+nd otter plumbuty and heating Natures. nwntels, reingrrat,rxq plans and ice tx>.es, wmr.fow ,.Teens, xrreh divers, venetian bonds, storm shutters and awnu+.ts, which r now or may hereafter pertan to or t+e used wah, rn or tin Seed premises, even though they lq iktxhrrf or detxhable, ere and shell lie tfern+eil to l+e N.w+es end acurss.;,ns t... rhr treehuW and a part of the reahy, and, i) the above deSCOlied Wnprr ty rs now or shalt hrrr.dter be usrif for cnmmeruel purposes, then the fuinitwe and funush~ny~ end .n~. replacemems thereof .vhrch may (rr owned by the Mortyayo+ and wluct err now or may hereat ter Ile hxetM) upon the al+ove descntieil pr M+er ty i0 HAVE A~~O TO lfOLO the S•.me, n~yethc: w,th all the estate, r,ynt, ht!e, rnterest, homestead, dower .+nd right ul down. separate estate, possess,un, chum and ,S.••n,+rxf whatsoever, in taw o+ m eywty, of the sa+d trio+tyayur rn entf to the same, and every part ihereol, unto tnr sent Assixmbun m lee sirnpte. The Alortyayur hereby covenants witn the ASSaKrdl+Urt that the k?urtyay,~r ,s mdefeas,bly srrted with the absolute and lee s•mptr otle to said pwpr+ty. amt has +u+l purnr, ,n f lewtul authority to sell, convey, n.+nsfei arxl mortgage the same. that q shall Ix lawful at any tune tie+ealtrr for the Association to peaceably end ywetly enter uV~.n, r, hold erxl enjoy s,nd property, and every part thereof. Thal card proper ly is free aril d+schar yrsl Nom ell hens, encwnbrances, and clams tit eny kind, mclud,nq t.+,rs .+rx1 ,ssc•ssments, e.cept the lien hereof, which +s a lust hen tin Said p+uprrty. that the Aloetyayur veal make wCit fwther asswarxes to perfect the lee vmple title to s.hd pro{>erty r. the Assoc+at.un as may +easuoably t+r re.iuutvf. end Mat the Alrotya3•,• does hereby fully warrant unto the Assuc+atwn the trite to sail property and s,lt rletrnd s.une ..,~nst the murlgaye clams and demands of all persons whumsOrver. ti OW, THEREFORE, the condwun ul th,s mortgage is ~ such chat d the Murtysjor shalt writ and truly pay unto the Asuxratiun, the mdebtednvss ~.~dencMt by that cena,n putmrssory note, of even date hrrewdh, made tw the Mo+tyayor and payable to the Assoc,atinn, m the pnnequl Burn Thirty-four Thousand, Five HtTndred and Tzo/100---- ooLLAf:s ~4 500.00 together w,th mterest as therrrn stated, payable over a term of L40 months. end shalt ;k• f rm sC~mply w+th and abide try each end every the snputahuns, ay, rrruents, condrhons and covenants cunt:+,nrd .m+1 set lw th rn thn mwty.yr anA rn the prom,ssr.ry nn2r •_,red hereby, then thr5 mnrtyayr erei the estate hereby created shall lease and t+e null and vo+d. TRANSFER OF THE PROPERTY; ASSUMPTION if all or eny part of the Property or an interest therein is sold or transferred by Afortgagor s~itCUUt ASSOCIaIIOn's prior written consent, excluding lest the rretion of a Iron or encumbrance subordinate to this Mortgage, Ibl the creation of a purchase money security interest for household appNances, (c) a transfer y devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not coniainmg an ,,;.on to purchase, Association may, at Asso•=iaGon's option, declare all the sums secured by this Mortgage to be irnrt+eniately due and payable. Association . ,,i! haves warned such option to accelerate d, pr+or io the sale or transfer, Association and the person to sv F.onr the Property is to be sold or transferred reach yreement in venting that the cred+t of such {><'rson +s satrsf actory to Association and that the rnterest payable on the su ens secured by this Mortgage shall be such rate as Assuuatrun shall request, I1 Assouatiu,• Nas waived the option to accelerate provided m thr5 paragraph and i1 Mortgagor's successor in mterest executed a written assumption agreement accepted rn venting by Association, Association shall release Mortgagor from all obligations unefer this Mortgage r~.l the Note. if Ass OCaat+on e,<rrnsrs such option to accelerate, AsiOCldllOri shall meil Mortgagor notice of accelerot+on- Such notice shall pr ovrde a period of n7t less than '0 ,lays trorn the deer the notrce ra rnaded ~nthm which Mortgagor may pay !t+e sums declared due. It Atur[gagor fails to pay such loins prior to the e><pua .,n of such period, Assoc atiun may, .v rthou! further notice or dernancf on Al ortyayor, invoke any remedies pennnted by paragraph 15 hereof, AND the Mortgagor does Hereby covenant and agree t To pay alt and singular the pnrc:pal and mterest and other sums of money payable Dy virtue of sa,d promsspry note and ih,s rt:ortgage. or er[Rer. promptly on ine days respectively the same severally beCOme due ~ 2 To pay all and singular [he taxes. assessments. other govsrnmentai levees. haDi4hes. obpgacons and encumWances o! every nature on card described property ' ~ and the related debt acquisition each and every when due and payable according to law. before they become delinquent and. if the same shall not be promptly _ pa+d the Association may at any time. erthsr Deters or after delinquency. pay the same without wawiny or affecting the option to foreclose, or any right hereunder and every payment so made shalt Dear rnterest from the date thereof at the rate of ten pe+ cent it0°ib! per annum 3 That the Mortgagor will keep all real and personal property now or hereaher encumbxred by the teen of Mss mortgage insured as may be regwred from rime to I~! rime by the Assouauon against toss by Nre w+ndstorm and other tatards. casualties and conbngenues for such periods and for not less than such amounts as may t>P required by the Assocrabon and to pay promptly when due all premiums for such insurance Mortgagor agrees to deliver renewal or replacement pohc~es of any nature or replacement certrbcates.of insurance to the Assocrabon. at least ten 1101 days poor to the e+rpuahon or anniversary date; of the e¦rsting I i tx>hoes The amounts of insurance regwrild by [he ASSOGDAOn shall be minimum amounts for which card insurance shat) be written and rt shalt rte incumbent I upon tf,e Mortgagor to ma+ntarn such add+tionat insurance ss may De necessary to meet and comply tufty with alt cu insurance requirements contained in seed pol.ues to the end that card Mortgagor is not a co msuror thereunder Insurance shall be written by a company or companies approved or designated by the ~ Assoc+at,or. and all pohues and renewals thereof shall be held by the Association All desalted designations by the Mortgagor which are accepted by the Asstx+atiat and all agreements between Mortgagor and Association relating to insurance. now eirst+ng or hereafter made. shall ere m venting and shall be a Dart s of th+s mortgage agreement as fully as though set forth verDatrm herein and shall govern both parties hereto and the+r successors and assigns No I+er. upon any i3 0! Bard pol+aes of insurance or upon any refund or return prem+um wh+cn may be payable on the cancellation or terminat+on thereof. shall be grvrn to outer than ~ the Associat+on e•cept by proper endorsement affr¦ed to such policy and approved by the Association Each policy of insurance shall have affi+red thereto a Standard New York Mortgagee Clause without Contribution. making all bas or losses under such pot+cy payable to the Assoc+ation as its rnterest may appear to the event any sum or sums of money become payable thereunder. the Association shall have the option to receive and apply [lee same on account of lets +n debtedrtess Hereby secured. or to perms the Mortgagor to receive and use rt. w any part thereof. without thereby waning or impaurng any equity. lien or right under and by virtue of this mortgage In event of bas w physical damage to the mortgaged property. the Mortgagor shall give immed+ate notrce thereof by marl - to the Association and the AsSOiastiOn may make proof of ties d the same is no[ made promptly by the Mortgagor In event of foreclowre of this mortgage or other transfer of t+de to the mortgaged property. m e:Dnguishment of the indebtedness secured hereby. au right title and rnterest of the Mortgagor in and to any insurance policies then in force shall pass to the purchase* or grantee The Mortgagor further agrees to aDrde by the rules and e¦isbng regulations of the Assac+ation. m connection with regwrsd inwrsncs coverage of the property herein encumbered Paragraph 4 and those which folbw are contained on tM reverfte side o1 this mortgage and by reference are iricaporatsd into lets body of this mortgage s The terms Mortgagor and Assoc+ation, whenever used m the instrument, shall include the heirs, ppsonal representatives, wcccssors or assigns of the respective part+es Hereto. Wherever ;,std, the sirtgsilar number shalt include the plural and the plural the singular, and the use of any gender shall include all genders. IN WITNESS WHEREOF, these premises hour been t:ecuted on the day and year first above written. S+gned, seated and dNivertd in the Presence O1 / ) ~ 1 ~ - ~,.1/ ~ ` <ll ~ ~ a. ' ~ ISEALI i i! _ Lyle B. Grant ISEALI ~ _ r - % ( `~~4!1 ISEALI Wilma L. Grant ISEALI STATE OF Z~rSiriRa r COUNTY OF r 1 r Tht torep~g instr •~-vwsACknotifrdped before me this ±-1u±+ of wiCl~ieY' _ , 191 by ~~ist LYL~• B. GBAli~ aq~ I~ILMA L. GRANT, husband and wife ~ eft, tt , ~~iti t:..d - / , ' LEND RE ' ~ - - / - K ; ~ry-?~~~~~ ~ ItbT/lir ~IIC S1ATE OF /L091QA AT IJ1K1 Notary Public, Stitt of , / , ' ~ ' ' r 11Y COMMISSION En?IRfS O6C. 2S 1982 TIM4J GE.NFR/1l ~iS . fj,~Ip81A1t11~ f:k AA pp cc~~,~