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Home My WebLink About0210 • i C-551A cr 61083 -2 1790144 THIS MORTGAGE INDENTURE Executed this 21 day of December , A.O., 19 ~9, by A - JUANITA M. GIFFORD, unmarried `.3 party of flee first part (htrarrsatter calNd Mtatgsgal, to CHASE FEDERAL SAYINGS AND LOAN ASSOCIATION a corporation exrstittg ursder the laws of tM Unrtttd States o1 Amerrea, party of flit second part (fseranalter called tfre Aswcrationl, WITNESSETH, That fa divers good and valuable consrderatrons, end to secure tM payment of the aggregate win of moray named m the gortussory note o1 even date tierevwth, hlreir?atter rrtentiorted, together witA interest thereon and all othp wins of moray securtrd hereby ss herernalter provided, the Mortgagor doss grant, barga,n, sell, alien, rarrtrse, release, convoy and conlum unto the Association, rn fee simpk, the follovwng described real esute, 01 which the Mortgagor is nr»v uized and possessed and in actual possession. situate rn the County of St . Lucie State of Florida, legally deathbed asfabw:: Lot 32, Block 162, PORT ST. LUCIS, SDCTION FOUR, a subdivision in the City of Port St. Lucie, St. Lucie County, Florida, according to the Plat thereof recorded in Plat Book 12, at pages 14 and 14A through 14F, of the Public Records of St. Lucie County, Florida. SUBJTCT TO restrictions, reservations and easements of record. TOGETHER vvrtA all structures and rmprovtrrrents now and hereafter ore said land and Me fixtures attached thereto, also together wrih all and srrsgular the tenertients, heredrtantems, easements, ripener rights and appurtenances thereunto belonging, w rn any wise appertaining, and the rents, iurrls, and profits thereof, and alw all the estate, light, trek, interest erred aU clauns and demands whatsoever, n well rn Isw ss in equity, of card Mortgagor in and to the same, and every part and parcel thereof and also au yes and electric fixtures, radratws, heaters, au condnronrrrg equrprrteM, macMnerY. boilers, ranges, ekvatws and motors, bathtubs, sinks, water closets, water basins, pipes, tnucets, and other plumMng and heating futures, mantels, rofrrgerahrg plans and ice boxes, window r;reens, screen doors, venetian Winds, storm shutters and awnings, wh+ch are now or may ttereatter pertain to or be used with, in w on card pemrses, even though they ere detached w detachabk, are and shall be deertred to be Irxtures and accessions to the freehold and a part of Ire realty, and, rl the above defcrrfxd property it now Or shah heredite+ be used for corrsrnercral purposes, tlsen the turnrture arid furmshinys and any replacements thereof whicA may he owned by the Mwtgayor and yyhich are now or may hereafter be located upon the above descntred property. TO HAVE AND TO HOLD the same, together with all the estate, right, title, interest, homestead, t?Ower and right of dower, separate estate, possessor, clam anrt ~.femard whatsoever, in law or in eywty, of the sad Mwtyagw in,attd to the same, and every part therrot, unto the card Association m lee simple. The Mortgagor hereby covenants with the Association that the Mortgagor is indeteasiWy seized with the absolute and tar simple errk to sa,d property, and has toll power, ,n;) lawful authorHy to sell, convey, transle. and mortgage the same. that it shalt be lawful at any time hereafter for the Assocratron to peaceably and yuiedy enter upon, ',.n e, hold and enjoy said property, and every part thereof; that sad property rs free and discharged hom all Irons, encumbrances, and cta+ms of any kind, rnclrrding taxes and rssessments, except the lien hereof, vvhrch is a lust hen on card property, that the Mortgagor wdl make wch }urther aswrances to perfect the tee simple title to savf pn+pei ty n the Assouauon as may reasonably tie reywred, and that the Mortgagor does hereby fully warrant unto the Association the title to said property and wdt rletend same , , :tx.^:or~ c!3,nts ar.,f dem3rwrc of all l,grsorix whomsoever. YOW. THEREFORE, the corxfition of this mortgage n such that d the Mortgagor shall well and truly wr unto the Assx+at.on, the rndei,te:inrss ~~~denced by that certain promissory ~ note, of even date herewith, made t,y the Mortgayor and payablk to the Association, m the pnncywl sum ~e -------FORTY-FOUR THOUSAND AND NO/100 -----------------p--------------- DOLLARS ' S 44 f000. h0 together with interest as therein stated, payable over a term of $4$ ~ months, and shall :e~ !vim, iompty wit and abide by each end every the stipulahuns, agreements, conddwns ancf covenants contained end set torch m this mortyaye and m the promssury nnre ~r~ tired hereby, then this mortgage end the estate he,tby created shall cease and be null and word. TRANSFER OF THE PROPERTY; ASSUMPTION tf all or any Dart of the Property or an interest therein is sold or transferred by Mortgagor washout Association's prior written consent, tlxdudu+g (at the rratian of a Lien or encumb?ance subordinate to this Mortgage, Ib) the creation of a purchase money security interest for household appliances, lc) a transfer 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 containing an •.+peion to purchase, Association may. at Associations option, declare all the sums secured by this Mortgage to be immediately due and payable. Asso4raUOn ,hall 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 +~raement rn'wriung that the credit of such person is sdtisfacto?y to Association and that [he interest payable on the sums secured by this Mortgage shall be ,t such rate as Association shall request. If Associatwn has waived the option to accelerate provided in this paragraph and H Mortgagor's successor in interest i~as executed a written assumption agreement accepted in writing by Association, Associa.ron shall release Mortgagor from all obligations under this Mortgage .,~,d the Notr, l l Association exercises such option to accelerate, Association shah mail Mortgagor notice of acceleration. Such notice shall provide a period oL not less than 30 days from the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior to the expire r,,n of such peNod, Assouauon may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 75 hereof, AND the Mortgagor doss hereby coverunt end agree 1 To pay all erred singular the prinupal and rntsrest and other wins of rrtortey payable try value of said prwnisswy note and [Ms mortgage. w either. promptly on the days respectively the same severstly become due 2 To pay all and singular flee taxes. assessments. other governmsnral levees. 6abrhues. oWrgatrons and encumbrances of every nature oh card descpbed property and the related debt acquisition each end every when dos and payabb according to law. before they become debrtquertt and. d fete same Shell riot be prompdy paid. the Association may at any time. either before or after dehnqusrtcy. pay the same without warvi~8, acting flee option to fwecbse. w any right hereunder, and every payment so made shall bear interest Irom ilia date thereof at the rate of 1~~p per annum 3 That the hlortgagw will keep all real end personal property riow w hereafter encumbered by the !ran of rhrs mortgage insured as may be required from time to erne by the Assouauon against loss by fire. windsto: m and other hazards. casualties and contingencies for such penods and for not less than wch amounts as may be requerr'd by the Assixration and to pay promptly when due all premwms for such insurance Mortgagor agrees to deliver renewal err replacemem cwt+ues of any nature or replacement certificates of mwranca to the Association. at (east ten 1101 days error to the expiration Or anniversary date of the existing wl~~:es The amo~^•ts of :^sut3^ce t!QV"rrld by the Associatinn sMlt be minimum amounts tw which said inwrance shall be wntten and rt shall be incumbent upon the Mortgagor to ma+ntam such add,tional insurance as may be necessary to meet and comply fatly with alt co-inwranCe requirements contained m card pol,c~es to the end that said Mwtgapor is not s co~rnsurOr thereunder Inwrsnce shall be written by a company w companies approved w designated by the Assouauon and aft polities end renewals thereof strati be held by the Assocrstrprt Ap detailed tlesrgnatrons by the Mortgagor which are accepted by the Association and all agreements between Mortgagor and Association relating to inwrance. now existing or hereafter made. shat! be in writing and shall be a part of stile mortgage agreement as (ally as though set forth verba[rm ftersrn end shall govern both parties hereto and their wcceswrs and assigns No Iran upon any o/ sa+d policies of rnsurarxe w upon any refund or return premwm which may be paysbb on the CanCelbtiOrt w terminatron thereof. shalt be given to oilier than the Associatwn. except by proper endorsement aNixed to wch policy aril approved by the Assouatran Esch policy of mwrance shah have aHrxed thereto a Standard New Yak Mortgagee Clause wetttout Contnbutwn. malting all bas w bases order wch policy payable to the Association as rte interest may appear In the event any sum w wins of moray betorrte psyabb thereunder, the Association shall have fete option to receive and apply the same on account of the in- debtedness hereby secured. or to permR the Mwtgsgpr to rsceire aril use iT. or any part thereof. wettttwt thereby waning a tmpainrtg any it:atriry. ben or reght under and by virtue of rhrs mortgage fn event of loss a physical damage to the mortgaged property. the Mortgagor sttsll gore +mmedate rtotrce thereof by mad io flee MSavC.iatio=, a•Rr t::a Ass:r::a::on mty make proof pass tf lbw Sirrne is not made prorttptly by the MortOagw In event of toreclowre of tMS mortgage. w other transfer of trtk to the mongsgsd property. m exbnguinhrt?ent of the indebtWness secured tterteby. all right. utb atd interest of the Mortgagor in and to any inwrarrce polrues then en force shall pass to tfte pruchaser or grantee The Mortgagor further agrees to abide by the rules end exrstihp regulations of the Associatwn. in connection with required insurance covsrape of tfte property herein sncumbMed 4 Paragraph 4 and those iNfircA follow era contsrrrad on tfte revers+? side o/ tMs mortgage aril by ralerenq are rrtoorporated into tfse body of tMs mixtgsge. The terms Mortgagor and Astotratron, vNiereetrer used in this instrtrrrtenr, shalt include the heirs, persona! rtpretentalrvfs, successors w assigns of !tie respective parties hereto. Wherever used, the sirigufar number shall include the plural and flee plural the singular, and the use of any gender shall include all genders. IN WITNESS WHEREOF, [hest prtrrttises Rave been exacutW on the day and year first above written. Signed,~ajl~/ and dNwered ~'tlw'lkesersct ol: i_ , d E r !SEAL) J ITA 2. GIF RD ISEAI) 11 U _ r _ ISEAU ~l~ • lafCfryED b .r ' DUf BN CLtSS 'C' It~TAN6 SlE P~RSUYhI PROPER~Yf FEi-~'~'t iillPjFit 73-._4. Y:.1S ~ 1a~1 r ISEAI.i R06ER POITRAS i ~v ~f ~ FLORIDA' biABTIN c~ n~ wuRr, st. I:ura eo, RJ~.I•IVI . STATE ~f COUNTV OF a ` Z1 day of December .19 ?9 by LL`eC7iL ice!` The forageirg irtstrurtMnt flees aeketovtfedOM before rata stirs ~ a s .'~r ~ ~JUARY'tA' ~d.;GIFFORD, unmarried, ~ ;1 - I - Ptl6Tic. St+w d ~igl~ a~ 1u9~ ~ ~ i . Mt? ~rrttistsws !:plies r Mbw~~"~,~c..~ ORIDA Notary Public, Snq N _ 8~~ Rc7~.J ~aLf X10