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Home My WebLink About2650 C-488A kc 5? 49? -2 THIS MORTGAGE INDENTURE ~d E aerated this 19 d.y of October , A.o., f9?9 , by - BERME THAMES and ALEXANDRIA THAMES, husband and wife 463258 party of tM lust part lhereinattN celled Matgegorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing undo. tM laws of tM United Sates of America, party of the second part lMreugltp nlled tM Associstanl, WITNESSETH, That for divers good and vsluabN considerations, end a secure tM psymartt of IM aggregau vein o1 money rwtwd in the prorniswry note o1 even date Herewith, hereinafter rrtentiorted, together with interest thereon and all other sums o1 tnpNy secured hereby ss heninalter provided, tM Mortgagor does grant, bargain, sell, r alien, remise, release, convey aed confirm unto tlN ANOCUUOrt, in fee single, the Ioltowirsg described real estate, of which the Mortgagor is now seized aril posseuiM end in actuM poseesson, aitwee in the County of $t . Lucie ,State of Florida, legally rlettrilierl asfalowt: Lot 18, Block 1, HIDDEN RIVER ESTATES, according to the- Plat thereof as recorded in Plat Book 18, Pages 14, 14A and 14B, Public Records of St. Lucie County, Florida. ~ ~ ~ ! ~ r ~ ~ ~ , , f SUBJECT TO restrictions aad easements of record. 'F-h~'~l ~~!'~-h~'E T ~ TOGETHER with all structures and improvernerits now and hereafter on card land end the fixtures attached thereto, also together with all and singular the tenements, nereditaments, easements, riparian rights end appurtenances thereunto babrtgrng, or in any verse appptarning, and the rents, issues, and profits thereof, and also all the estate, r+qht, title, interest end all claims and demands whatsoever, if well in law as in equity, of Said Mortgagor in and w the same, and every part and parcel tisereol, and also ail gas and electric Irxtures, radiators, heaters, err conditioning equipment, machinery, boilers, ranges, elevators and motors, bathtubs, sinks, water closets, water barns, pipes, faucets, ar?d other plurrtbirrg and heating fixtures, manteh, relrigeratirrg plans and ice boxes, wirtrfpw screens, screen doors, venetian blinds, storm shutters and awnings, which are now Or may herNlter pertain to or be used With, in or ors said premises, even though they be detached or detai~iable, are and shall tie deemed to be futures and accessions to the Irerlsold end a part of the realty, and, rf the above described property is now or shall hereafter tx used for commercial purposes, then the furniture and lurnrshings artd any replacements thereof which may be owned by the Mortgagor and which are now or may hereafter be located upon the above described property. TO HAVE ANO TO HOLD the same, together inch all the estate, right, tick, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, in law or in equity, of the sad Mortgagor in and to the same, and every part thereof, unto the card Atsotratron rn fee simple. The Mortgagor hereby covenants with the Asuxration that the Mortgagor it indeleasrbly seized with the absolute and tee simple titre to said property, and has full power, and lawful authority to sell, comrey, transfer and mortgage lire same, that t shall tx lawful at any tune fiereaftn for the Association to peaceably and quietly Mter upon, have. hold and Mioy said property, and every part thereof; that said property is free and discharged Irom all bens, encumbrances, and clarms of any kind, rnclixlirg taxes aril assessments, a:ceps the lien hereof, which rs a fuss hen on said property; that the Mortgagor will make wch further aswrances to perfect the fee srmpk tick to said property .n the Association as may reasonably be required, and that the Mortgagor does hereby fully warram unto the Association the tick to said proppty and will defend same e:ia+nst the mortgage claims and iierriaruls of all persons vrhomsoevp. NOW, THEREFORE, the condm«t of this mortgage is such that d the Mortgagor shall well and truly pay umo the Association, the indebtedness e,:~denced by that certain promissory note, of even date herewith, made by the Mortgagor antd payable to the Association, rn the Drirtc,pert win ~'-----------ENE HUNDRED TWENTY THOUSAND--------------- DOLLARS ' ~ ~ ~,Q EQ~Q ~ 00 1, together ywth interest as therein stated, payable over a term of 348 months, and shall orm c nip y with and abide by each and every the stipulations, agreements, conditions and covenants comarned and set forth in this mortgage and rn the promissory note ~e~ured hereby, then this mortgage and the estate hereby created shall cease and [x! null and word. AND the Mortgagor does hereby covenant and agree 1 To pay all and s,regular the pnncipsl end interest and other wins of money payable by virtue of sa+d promissory note and this mortgage. or either, promptly on the days respectwely the same severally become due 2 To pay all and singular fns taxes. ssssssmsnts. other governmental levies, liabilit+es. obligations and encumbrances of every nature on said described property and the related debt acgwsition each end every when due sod paysbk according to law. before they become delinquent and. it the same shall not be promptly peat the Association may at soy time. either before or after debnquertcy. pay the sartte without waiving or sftecting the option to faecbse. or any nght hereunder. and every payment so made shall bear interest from the date thereof at the rate of ],j% per anntun• - 3 That the Mortgagor wirl keep all real and personal property raw or hereafter encumbered by the lien of this mortgage insured as may be required from time to time by the Association against bss by /ire. wrndstam and other hatards, casualties and contingences for wch periods and to not Tess than wch amounts as may be required by the Association and to pay promptly when due all premiums for such inwrance Mortgagor agrees to deliver renewal or replacement y, pol+cres o} any nature or replacement certrticates of inwrartce to the Association. at least ten 110? days pier to the experatan or anniversary date of the existing ` • pobcie5 The amounts of mwranCe r 3 squired by the Association shall be minimum amounts for which said inwrsnce sfall be wntten and it shall be incumbent „p ~ ~ upon the Mortgagor t~ maintain such additional insurance ss may be necessary to meet and comply fully with all co inwrance requirements contained m said pobces to the end that said Mortgagor is not a co-mwror thereunder. Inwrance shall be written by a company a companies approved or designated by the ~ ~ ~ ~ Assa:ration anJ all polices and renewals thereof shall be held by the Associaton A!1 detailed des+gnatans by the Mortgagor which are accepted by the ~ c ~ ~ Asiocration and all agreements betwe~nl!ilortgagor and Association relating to rnwrance. now existing or hereaher made. shall be in wrrtirig and sha!1 be a part a m eMvs of this mortgage agreement as fully as t)aagh set forth verbatim iterain and shall govern both parties hereto-and the+r wccassors and assigns No ben upon any ~ 0 ~ of said polices of insurance a upon sn~ refund or return premwm which may bs payable on the cancellation or termination thereof, shall be given to other than ~ ~ e the Assocytan. except by properendorssment attired to such policy and approved by the Association Each policy of inwrsnce shall have affixed thereto a n ~ O .0 Standard New York Mo-tgagee Clause without Contnbution. making sU bss or losses urxler such policy payable to the Associaton as its interest may appear ~ ; In the event any sum or sums of mortsy become payebb thereunder. the Association shall have the option to receive and apply the same on account of the in- f !i ~ debtedness hereby secured, o? to permit the Mortgagor to recews arW use d. w any part thereof, without thereby waning or impsinng any equity. lien or nght f c ~i ~ ~ under and by virtue of this mortgage In event of loss or physical damage to the mortgaged property. the Mortgagor shall give immediate notice thereof by marl E ~ ~ m to the Associatart and the Association may make proof of bss d the same is not made promptly by the Mortgagor In event of (orecbwre of this mortgage. o• ~ ~ 3 e other transfer of titb to the mortgaged property. in exanguishment of the indebtedness secured'ltereby. all nght. title and interest of the Mortgagor in and to ~ ~ ~ ~ arty inwrance policies then an force shell pass to the purchaser or grantee. The Mortgagor further agrees to abide by the rules and existing regulations of the ~ 0 N Association. in connection with required inwrance coverage of tits property harem srtcumbered 0 `~3d q ~ ~ Ngae~~eo S 2~ fn Pflfyfnent OI TfooM " f roue On Clefs "C" intan~ibl~ P~so~wl rt'~M~a ~ Pursuant To Chf!1~6f 71, 13b A~ ~ c ~ ; - ROGER POtiR~ ri``~ i ,~te~aa,, i. Q~ (aa~ /.r Cr~rrs CN CUd WYrti trMe 4 Paragraph 4 and those which tor{ow an contnned on tM wwrss side of this tr?ortgags and by reference ere iricorpwatsd into the body of this mortgage. 8 R The terms Mortgagor end Assocation, wherre~ier used in this instrument, shall inNude the heirs, personal representatives, successors or assigns of the respective parties ~ ne.eto. WherevN used, the sirrgiilsr nurttber I nclude the ural and the plural the singular, and the use of any gender shat include all genders. IN WITNESS WHEREOF, these pre a aced on the day and Year first .+`y`~~written" t i" i ~ ; / ` ~ . ;g Sgrred. seated and ivered~e of IC s~• r c ~ 13E14L1 £ - - _ ~ BERME THAMES ° `~1;• ALEXANDRIA THAMES . ~ t~ t. F I _ ` f~V ~ tl~~~~ - ~~~~~-rccLr-c ca.. G% ~ t~...~z-- 13~iii~i a~. STATE OF FLORIDA couNTV of MARTIN 'p ' Tne foregarig instrument was acknowledged belrxe me this day of October _ , sg ~ by a s BERME THAMES and ALEXANDRIA THAMES, husband and wi - ~ • - - ~ LENDER f Yel:rr 'r::'.'•`. ~;af2 oT F'...r', -t 1,.,,,, My commnsan expua~`--= - - F.- _ r i - - Notary Public, State of _ _ _