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Home My WebLink About0196 C-558A cr 614'76-2 ~ THIS MORTGAGE INDENTURE 1790124 E xetuted this 14 ay of December . a.o., t9 79ar ~ ~1~13 THOMAS G. KARAN and MARIE A. KARAN, husband and wife party of the first part (MreiriaftN called Mortgagorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation exnutp uride? the taws of tM United States of Arntrica, party of tf,e second part (t+tresnafter tilled the Associalanl, WITNESSETH, That /a divers good and valuable considerations, end to secure tM payment of the aggregate vein of money named sn the womruory note of even date hmewiM, htreinaftp mtntioried, togetMr witA interest thereon and all other wins of mousy secured hereby as t+eresnafter povided, the Mortgage dws grant, bar gam, sell, alien, remise, release, convoy grid confirm unto the Association, in IN simple, the folbwsry dettribitd real estau, of which the Matgaga is raw sassed and possessed and sn actual possession, situate in the County of sSte LuL'iQ County frga Y Stateol flaida, 1 II destr,tred .s foltorw: Lot 4, Block 68, SOUTH PORT ST. LUCIE UNIT FIVE (5) , a subdivision according to the Plat thereof recorded in Plat Book 14, Pages 12 and 12A through 12G of the Public Records of St. Lucie County, Florida. SUBtTECT TO easements, restrictions and reservations of record. TOGETHER wsth all structures and improvements now and herNtter on tab land surf the hxtuns attached thereto, also together with s0 asid pOyular the tenements. neredstarrNnu, easements, ripar,an rsgtits and appurtenasices ttierwnto belorigrrig, or in any verse appertainsrig, and the rents, issues, and profits thereof, and also err Me aerate, +~qn[, title, inteest and al! corms end demands whatsoever, as rNetl m law K in egosty, of sand Matgaga in and to the same, end every part and parcel IAtreol, and also au yes and electric hxtu+es, rsdsatws, heaters, au corWiuonirg equipment, mschsr,ery, balers, ranges. devotes end motors, bathtuln, sinks, water ctoslts, water tsasrns, pipes, Iaucets, and other ptumbsng and heating Isxtures, mantels, refrsgerabrig glens and ice boxes, mndow acrcens, screen doors, verietwn bl,nds, slam shutters and awnsngs, +rvfsrcA are now or may hereafter perta+n to or be used w+th, sn a on sad prertirses, even though tfilY tee detached or detachable, are and shall lee deertted to Ise I+xlures and accessions to ±ne freehold and a part of the realty, and, d the atiovc detcrrbtd property ss now a shall hereafter ere used (or comrrierual purpOSls, then the furniture and furnrsnrnys arxf any reDlatenxnts thereof wh+ch shay be owned by the Mtutgagor and wh+ch are now or may lisreatte+ tit located upon the atxisre tlefcrshed property. TO HAVE AND TO HOLO the same, together w+th atf the estate, rsyht, eqk, interest, homestead, dower and right of dower, xpxate estate, p:nsesiron, itasm and c!emand whatsoever, rn law or +n estwty, of the sa+d Mortgagor in and to the same, and every pa•t thereof, unto the sa+d Assocsahon m IK srmple. Tree Mortgagor hereby covenants wsth the Assoc+auon that the Mortgagor ss mtlsfeasrWy ter[ed wdh the absolute and fee ssmpk title to sa+d property, and nss lull poper, and lawful authority to sell, convey, transfer and mortgage the sartrl. that a shall lie lawful at any t+me tisreaper lo: the Association to perceably and gwetly sorer upon, ha: e, hold and MIOy card property, and every Dart thereof, that card property n Iree std tl,scharged Iron all irons, encumbrances, and cfarms of any kind, ,ncludrng tees and assessments, except the ben Aerepf, which +s a first hen on card property, that the Mortgagor r,nlt make such further aswurices to pertKt the lee srmple tale to card property cue Assocution as may reasonably be rsgwred, and that the Mortgagor does Hereby fully warrant unto the Asstx,atson the true to soul property and w,ll rltlenrl sarri! tti...vvsgag. rW.mc and demands of all DNtAns whomsoever- NOW, THEREFORE, the condnion of this rnortgsge ss weh the! d thr ?snurtgeyur sisaii :S-eii sirs F+vty L~nyvsF ~ ;•`.e ~::^.^at:~^. ,~!.r.,s...yt e.~denced till that certa+n promissory note, 01 even date herewsth, made by the Mortgagor and payable to the Asstxiatron, m the pnnapat sum +--------FORTY-ONE THOUSAND AND no/100------------- ool_t_Ans 1 ,541, 000.00 1, fogelhN wrih mterlSt is therein sliled, payable Over d term O1 348 months, and shell pe• form, comply rrrth and abide by sash and every the stipulations, agreements, cond+bons and covenams cuntamrd and set /orth sn this mortgage and m the promissn.y nose secured Hereby, then thee mortgage and the estate hereby created shall cease and be null and voW. TRANSFER OF THE PROPERTY; ASSUMPTION If alt or any part of the Property or an interest tharern rs soil Or t?ansierrsd by Mortgagor without As:acialion's prior written. consent, ertluding la) the < reation of a Iisn or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliances, Ice a transle¦ cry devise, descent or by operation of law upon the death of a joint tenant or idl the grant of any leasehold interest of throe years or lass not containing an ~~uiron to purchase, Association may, st Association's option, declare all the sums secured by this Mortgage to be immediately due end payable. Association seal! 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 reach nyreement in writing that the credit of such person is satisfactory to Association and that the intersst payable on the sums secured by this Mortgage shall be ac s,,ch rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and ii Mortgagor's successor in interest has executed a written assumption agreement accepted in writing by Association, Associa.ion shall release Mortgagor from all obligations under this Mortgage and the Note. If Associstionexercisessuch option to accelerate, Assoiiation shall mail Mortgagor notice of acceleration. Such notice shelf provide a period of not less than 30 days from the date the notice it mailed within which Mortgagor may pay the sums declared due, It Mortgagor tails to pay such sums prior to the expire t~~.-~n o! such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AND the Mortgagor does hereby covenant and agree t To pay alt end senguiar the pnncipat and ,merest and other sums of motley payable by virtue of sa+d promissory note and this mortgage. or ether. promptly on the days respectively tfts same severaNy bKOme due 2 To Day all and singular the taxes. assessments. other gotrsrnmantsl lanes. I,abslities. Oblsgatrtxis and encumbrsncss of every nature on seed descr+btW property and the related debt acqussition each and ovary when due and payable according to few. before they become delrrtquen! and. rf else soma shalt not be Dromptly ~ paid. the Assocsation may at any time. eitMr before a after delinquency. pay the same without waverna a sNecung the optron to foreclose. or arty nght a C Hereunder, arsd every payment s0 made shall bear rntereet from the date tfiere0l at the rate of 1Tj°~ per annum ~ ` ~ 3 That the Mort a r writ k s p ~ g go eep att real and personal property raw a Rereafter encumbered by ttie ben of this mortgage insured as may be regtured from trsie to C time by the Association agsinat loss by hsa. windstorm and other harards. cewalt+es and contingencies far such persods and for not less than such amounts as Q may be required by the Assocsstion and to pay promptly wfien due all premwms lof such insurance Mortgagor agrees to debver renewal a repiacernent pohues of any nature or replacement csrtifiutss of mwrancs to the Assocsation. at least ten (10) days pros to the expuatitxi a anniversary date of the existing p z ~ po:icies The amcwnts of inwrsnce regmrsd by the Assoc+ation shall be minimum amounts ftx which said insurance shiN be wrriten end +t shall be incumbent O ~ upon the Mortgagor to maintain such adddionel insurance as may Oe necessary to meet and comply fully with all co-insurance requirements contained :n said ~ policies to the end that said Mortgagor ss not a co-rnsuror thereunder Insurance shall be wrstten by a company or compare+es approved or designated by the ~ ~ O ' Asso:.ratron and all pol,cies and renewals ttieraof shall lm bald by the Associatson All detailed desrgnat+ons by ttie Mortgagor which are accepted by the C t` Assaaation and at: agreements between Mortgagor srW Association reiatirig to insurance. now existing or Hereafter made. shall be m venting grid shall be a pa.t x = ~ of this mortgage agreement as fully as though set forth rerbat+m herein and shall govern both parties hereto grid their successors end ass,gns No ben upon any L7 ~ of said pohaes of insurance a upon any refund or return premium which may be payable on the carxellausm or term+natior+ thereof. shall be green to other than j O ~ the Assoc,ation except by proper endorsement aHixsd to weh pol,cy and approved by the Assocratiori Each policy of snsurance shall have aNixed thereto a ~ Standard New York Mortgagee Clause wsttaul Contrrbutan. maksng all bas Or bsses under such policy payable to the Assacratron as its sntarest may appear ~ In the event any sum or sums of money become payable thereunder, the Assocraton shall have [he option to rece+w and apply tfie same on account of the in Q debtedness Hereby secured, Or to perm,t tM Mortgagor to rscesve and use st. Or any part tlserepf, without thereby wa,virp or impairing any equity. Iron or rrgnt in ~ Q under and by virtue of this mortgage In event of bas or pAysicaf damage to tM mortgaged property. the Mortgagor shall give irnmadiats rabce thsreot by marl •.s ~'xsacrat:v.. a.t._r.t.. es.nri:fscin may make proof of loo i} the same K not made promptly by the Mortgagtx In went of fort?clowre of ttxs mortgage. or _ - ~ a other transfer of atle t0 ttie rtiortgaged property, in extir?guiahment Of the sndsbtisdnass secured hereby. aH r,ght. title ono mta:est o/ the ivtoripipar .r. a~w' to any mwrance piNiaes then m force sluff pass to the purchaser or gramse TM Mortgagor further agrees to absde by the rules and siosting regulations of the Associat+on, m ctxinsctson with rpwred inwnnca coverage of tM property Mrem encunibNed Paragraph ~ and those wfticfi faaow era conUrriad on tM nrerN ode of tMS reiortpege and by reterariq an riwrporated into the body of this mortgage. The lathes Mortgagor and Association, rvfienertr used in this instrument, setoff include die Mirs, persorisl representatrvef, wccessors a assgns of the rppsctrve pareses hereto, NRiertver used, the sirigutar nu include the plural end the plural the singular, and the tilt of any gender steal{ seclude all genders. IN WITNESS Wf{EREOF, th p haw execu axe the day and year first abort ,itJi:stn. / _ S+gried, sealed end irered tM of IsEau T MAS G . _ s ! ~~/G(_•L l~. ~ L ~ ~L~ ISEALI MARIE A. KARAN - ISEALI + t.~r~ tSEAU ~v "~v STATE OF FLORIDA cOUNTV of MARTIN ? _ t ~ The loregoirq instrument was acknovNedged before me this 14 ,t.~r f Dec@Itlber , 1979 ~ ~Q s~~` r IJJ THOMAS G. KARAN and MARIE A~:••,,',,~~4lt~sban and wife, I. Y •.s ~ MY corm+neion •=pit.. 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