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Home My WebLink About2653 f C-514A kc THIS MORTGAGE INDENTURE ~ 60149 -2 Exetslt~d thie 19 clay of October , w.D., to ?9 M ~~60 THAMES BUILDERS, INC., a Florida corporation ~~'a~? party of tM first part (hereinafter called Mwtgagal, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a cwpwation existing under the Taws of tM United States of America, party of tM second part (hMeirtattN wlNd the Astociatgnl, WITNESSETH, That fa divers good and valuable considerations, and to secure tM payment o1 the aggregate mom of money owned in the promissory note of even date herewith, hereinafter mentioned, together with interest thereon and all other sums of money secured hereby ss titreinatter provided, the Mortgagor dots grant, baigam, xll, alien, remife, release, convey and confirm unto tM Association, in fee simpq, tM following described real estate, Of which the Matgagw is rqw served and possesse+l and in xtuM possession, situab m the County O/ sS't . Lucie .State of Florida. legally rlesculied as fatows: Lot 12, Block 7? , SOUTH PORT ST. LUCIE UNIT FIVE, according to the Plat thereof recorded in Plat Book 14, Page 12, Public Records of St. Lucie County, Florida. SUBJECT TO restrictions, easements and reservations of record. TOGETHER with all strixwres and improvements now and hereafter on said land and the fixtures attached thereto, also together vwth all and srrigular the tenements, hereddamants, easements, riparian rights and appurtenances thereunto belonging, W in any verse appertaimrg, and the rents, issuef, and profits thereof, and also all the estatc, .iaht, title, intNest and all claims and demands whatsoever, ss wet! in law as m equity, of said Mortgagor in and to the same, and every part and parcel thereof, and also ari gas and electric fixtures, radiators, heaters, air conditioning agwpment, machinery, boilers, ranges, elevators and motors, bathwbs, sinks, water closets, water basins, pipes, faucets, and other plumbing and heating fixtures, mantels, refrigerating plans and ice boxK, window xreeris, screen doors, venetian blinds, sto+m shutters and awnings, which are now or may Hereafter pertain to w be used with, in or on said premises, even though they lx! detxhed a detachable, xe and shall be deemed to he fixtures and accessions to the Ireehold and a part of the realty, and, i( the atio+e described property is now or shall hereafter he used for commercial purposes, then the lurniwre and furnishings and any replacements thereof which may tse owned by the Atatgagor and which are now or may hereafter be located upon the above described property. TO HAVE AND TO HOLD the same, together with all the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, in law or in equity, of the sad Mortgages in and to the same, and every part thereof, unto the said Association in fee simple. The Atatgagor hereby covenants with the Association that the Mortgsgo+ is indefeasibly seined with the absolute and fee simple title to sad property, and has full power, and lawful authority to sell, convey, transfer and mortgage the same; that it shall be lawful at any time hereafter for the Associaton to peaceably and quietly cote. upon, nave, hold and copy said property, and every part thereof; that said property is free and discharged from all liens, encumbrances, and Naims of any kind, iritludirg ta,es and assessments, except the Hen hereof, which rs a first Hen on said property: that the Mortgagor will make such further aswranCK to perfect the fee simple title w sad property .n the Association as may reasonably be required; and that the Mortgagor does heretry fully warrant unto the Association the title to sad property and wilt defend same a:lainst the mortgage claims and demands of all persons whomsoever. NOW, THEREFORE, the condition. of this mortgage is wcA that d the Mortgagor shall well and truly pay umo the Associatron, the rridtbtedness F~~denced by that eertaen promissory note, of even date tierewrth, made till the Mortgagor and payable to the Associatroq in the principal mom °'--------------FIFTY TWO THOUSAND------------------- oouAfts 52, 000.00 1, together month interest as therein stated, payable over a term of 348 months, and shall c?rf~rm, comply wttA and abide by each and every the stipulations, agreements, conditions end covenants conta~ried and set forth in this mortgage and m the promrssa y note ~ecuretl hereby, then this mortgage and the estate hereby created shall cease and tie null and void. AND the Mortgagor doss hereby covenant and agres- 1 To pay all aM singular the principal and interest and other sums of money payable by virtue o1 sad promissory note and [his mortgage. or either. promptly on the days respectively the same severally become due 2 To pay all and singular file texas. assessments. other governmental lev:as. liab:iit:es. obligatrons and encumbrances of every nature on said described property ~ ~ padt theeAssociatbion m y iacany thmee thsrybef a o? ahsr delinquency spay the same w lhout wbarv rig or aHecbng tM ioptan to faec!ose~ w a y right ~ m hereunder. and every payment so made shall bear interest from the date thereof at the rate of 15~ per annuls. Q O + That the Mortgagor motif keep all real and persona! property rMw Or hereaher encumbered by the lien of [his mortgage insured as may be required from time to Lit ~ Ume by the AssOCration against loss by Ere. windstorm and other hazards. cawalties and contingencies for such periods and fa not less than wcH amounts as rvt may be required by the ASSOCiSfion and to Day promptly when due all premiums for moth inwrance Mortgagor agrees to deliver renewal w replacement Z ~ ovt policies of any nature or replacement certificates of insurance to the Association. at least ten (101 days prior to the exgratiOn or anniversary date of the existing ~ ~ ~ pobcies The amoun•s of insurance required by the Association shall be minimum amounts for which said mwrarice ShaO be written and d shall be incumbent N ~ e upon the Mortgagor t~ maintain such additions! inwrance as may be necessary to meet and comply fully with all co-inwrance requirements contained in said ~ ~ policies to the end that sad Mortgagor iS nOt a tp-inwrot thereunder. Insurance shall be written by a company or companies approved Or designated by The p Association an,1 all pohaes and renewals thereof she!! be field by the Association. All detailed designatrons by the Mortgagor which are accepted by the w u. Association and aft agreements between Mortgagor and AsSOtiation relating to inwrante. riow existing or hereaher made, shall be in writing and shah be a part I' t? 7 ~ of this mortgage agreement as fully as though set forth verbatim Harem and shall govern both parties hereto and their successors and assigns No hen upon any j O 3 ~ of said polices of insurance or upon any refund or return premium which may be payable on the cancellatgn or terminatgn thereof. shall tx given to other than _ ` + the Association, a:ceps by proper endorsement affixed to sixh policy and approved by the Association. Each policy of inwrance shall have affixed thereto a I ~ ~ ~ H Standard New York Mtrtgagee Clause vnthout Contribution. malting all Ions or hisses under sirM policy payable to the Associaton as its interest may appear ~ In the event any sum or moms of money become payabb thereunder, the Association shall have the option to receive and apply the same on account of the in- 1 debtedness hereby secured, or to permit the Mortgagor to recene and use rt. or any part thereof, vnttqut thereby waning or impairing any equity. lien or right s ~ under and by nrtue o1 tMS mortgage In event of loss Of physical damage to the mortgaged INOperty. the Mortgagor shall gne immediate notice thereof by mail y p; to the Association and the Association may make proof of toss d the same is not made promptly by the Mortgages. In event of foreclowre of this mortgage. cr other transfer of title to ttte mortgaged property. in extinguishment of the indebtedness secured hereby. all right. title and interest of the Mortgagor in and to any inwrance polices then in force shall pass to tfie purchaser or grantee. The Mortgagor further agrees to abide by the ruh3s and existing regulations of-the Association. in connection with rsquirsd inwrancs coverage of the property harem encumbered ~ T ~ ~ _ ~ - = L" ~J ~ RACAivt10 • L° L.- in Payment Of Taxes J u' = ~ ~ Ow On Claa "C" intaflpible Par>sonal Prt>swrtyr _ 0 unuant o Chrtpttrr 71.184. Afl~s CIAtt Clroult Cofrlrt K ~+IMI~ ~.l~ 4 Paragraph 1 and those which follow are contained ort ttse remoras side of tMs mortgage and by rsterence are incorporated into tits body of flits niwtgage The terms Mortgagor and Associatio whenever used in this instrument, shall include the heirs, personal representatives, woceswrs a assigns of the respective parties hereto. Wherever used, the singular nu all ncl the plural and the plural ttie singular, and the use of any gender shall include all genders. !N WITNESS WH[:REOF, these i h executed on the day and year first above written. Sgried, sealed and rve m t W . , g ~ ~ THAMES BUILDERS INC • V . ~-ISEALj a /l ~ _ B Qil,~.~.~ a ~ r~ ~ ••EALI' BERME T S, as Presideut~ _ _ r.'v4~ls~nu r ~ r ISEALI yr~ ^ T STATE OF FLORIDA COUNTY OF MARTIN . 19 October 79 The foregoing instrument was xknowledged before me this day of _ , 19- by - BERME THAMES, as President of THAMES BUILDERS, INC , F o ids : ; corporation t t t ftleiei~~ Notary Pe.;IK, Sta.: ^_i f:;,r.da at _••?A t#NVER i ~ t_ ~ f}y ~ - _ i3 t)c~~ . ~ G - My commission expires . nu r ~ n M ~ late Notary Public, State of e' ~ -