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HomeMy WebLinkAbout1783 C--557A cr 60460-2 THIS MORTGAGE INDENTURE ~ ~ E aetuted this 14 day of December , A.D., is 7 9, by GENE T. HODGB and JOANNE HODGE, husband and wife, 4'~~2.34 party of tM first part (hereinaltN called Mortgsgorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a capxation existing order tM Isws of tM United States of America, party of tM setond part (hNtirsaltN called the Assotiationl, WITNESSETH, TMt fa dnrNS gt>ad snd valuable considerations, snd to secure tM payment of the aggregate sum of rrtortey earned in tM pomissay note of even date herewith, MreinaltN mentioned, together w.tA interest thereon and stl othN wms of money secured hereby as MreinaltN povided, the Mortgage does grant, bargain, sell, aben, remise, releaq, convey and eonfum unto the Association, in Iq swrsple, tM following described real estate, of which tM Mortgagor is now seised and possessed and sn actual possession, sitwte in tM County of St • Lucie State of Florida, tpeNy Oescrsbed n tdlorvs: ~ - - OLj g9ay~ !~j PA"ktf!R OF TAXEa v . See Descri tion Attached) ~c~vf° s a ~ P CUf 8Y CIASS 'i' ~?::S ~<< P: : ~,i PRO?ERTYr z L ~ J . . FU :SL=ANT TO ~-K • ~ - ~~15 OF Nll, CW?K gRCiNF C1URTr Si. LUCtF CO, Fl~~•~ ` - TOGETHER with all structures snd improvements now and hereaftN on said land and the lixturts attxlsed thNeto, also togecHN with all and singular the tenemems. hereditamMts, easements, riparian rights and appurtenances thereunto bebrsgrrg, a in any wise sppNtainirg, and tM rents, issues, and polite thereol, and also all the estate, r,9ht, title, intNest and all claims snd demands whatsoevN, as well in law ss in equity, of said Mortgagor in and to the same, and eve+Y put snd parch thNeof, snd also an gas and electric lixtures, radwtors, Heaters, air tot?ditionirsg equipment, mxhintry, boiler; range, etevatws snd motors, bathtubs, sinks, watN closets, watN bspns, Drpes, faucets, snd other plumbirsg and heating fixtures, mantels, nlrigeratirg plus and ice boxes, window xrelns, sawn doss, venetian blinds, slam shutters artd awnings, which are now or may Iserealter pNtain to or M used with, in a on said ptmises, even though they be detxhed or dttstissbk, are snd shall bt deerrsed to bt lixtures snd xcessions to tM freehold and a put of tM reslry, snd, if tM above described popNty is now or shall IsNeaftN be used la cannNCial purposes, tMn the furniture and lurnishrrgs and any replacemersts thNeot whicH may W owned fay tM Mortgagor and which ue now or may MresitN be louttd upon tM above described poperty. - TO NAVE ANO TO HOLD the same, togethN with alt the estate, right, title, interest, homestead, dowN snd right of dower, separate estate, posseuror?, claim and demand whatsoevN, in law Or in equity, of tM said Mortgagor in and to tM same, and every part thereol, unto tM said Association in fee simple. TM Mortgagor hNeby covNarstt with tM Association that the Mortgsgo. is indefeasibly seised wiM tM absolute and tae simple tick to said popNty, and Ass lull power, and lawful authority to sell, convey, trsnsfN srd mortgage tM same; that it slap be lawful it any time hNNtIN for tM Association t0 peaceably and quietly antN upon, have, (told and enjoy said popNty, snd every part theraot; Mat said popNty is free snd discharged Iron all liens, erspembrarsces, and Naims of any kind, including to:es and assessments, except tM lien Mnof, which is a lust lien on said popNty: that tM Mortgagor will matte such furthN aswrsrsces to pNlsct the fee simple tick to said poperty in Me Association as may reasonably be required; and that 1M Mortgagor does hNeby fully wurant unto the Association tM tick to sad popery and will defend same against tM mortgage claims and demands of all persons wl?omsoevN. NOW, THEREFORE, tM tpditiOrt o1 this mortgage is such that it tM Mortgagor shay well and truly pay unto tM Association, tM irsdebtsdrsess evidenced by that certain promissory note, of even date fsNewith, made by tM Mortgagor snd payable to tM Association, in tM pincipst sum ot ----------FORTY-FOUR TIiOUSAND, SEVEN HUNDRED and NO/100--------------- ooLLARs It,44, 700.00 1, togetMr with interest ss therein stated, payable over a term of 348 moestAt, srd shall pNlorm, comply wiM snd abide by each and every tM stipulatiorss agreements, Conditions snd covenants contained and set forth in the mortgage snd in tM Promissory note secu.td HNeby, thin this mortgage snd the estate hNeby created shall cease and be rwll snd void. TRANSFER OF THE PROPERTY; ASSUMPTION If all or any part of tM Property or an interest therein Is sold or trsnsterred by Mortgagor without Association's prior written consent, sxduding (a) tM creation of a lien a erscumbrsnce wbordinate to this Mortgage, Ibl tM creation of a purchase money security interest for household appliances, (e1 • transfer by devise, descent or by operation of law upon tM death of a joint tenant or (d) tM grant of any leasehold interest of three years a lea; not containing sn option to purchase, Association may, at Association's option, dedsre all the wms secured by this Mortgage to M immediately due and payable. Association shall have vraiwd wch option to acaterate If, prior to tM sale or trarssfsr, Association snd the person to whom the Property is to be add or transferred reach agreement in writing that the credit of such person is satisfeetory to Association and that tM interest payable on the sums secured by this Mortgage shall be at such ran as Association shall request. If Association has waived the option to accelerate provided in this paragraph and if Mortgagots wccessor in interest has exeeubd s version aswmption agreement accepted in writing by Association, Assoek.ion shall release Mortgepor from all obligations under this Mortgage and tM Note. if Association exercises wch option to sceelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide s period of not less than 30 days from the date tM,notice is mailed within which Mortgagor may pay the wms declared due. If Mortgagor tails to pay wch wms prior to tM expira- tion of such period, Association riay, without further notiu or demand on Mortgagor, invoke any remedies permitted by paragraph 75 Mreof. AND tM Mortgagor doss IsNebti covstssnt and agree' 1. To pay sY and sirspubr tM principal and interest and other sums of money payable Dy virtw of sad pomissory rate and this mortgage. or eitlssr. pomptly ors tM days respectively tM same swereYy Deoorrte dw. 2. To pay aY and singular tM saxes, sssessmersts. otMr gowrnenental Imes. IisbiktNS. obligations snd erscumMstsus of every nature ors said dssuibsd property and tM rebted debt acquisition each and every wfssn due and payable according to law. before they become delirsgwnt and. if tM same sMY tact Oe pomptly paid, the Association may at any time. eitMr before or ahei delitsquency. pay tM same without waning a sffectirsp tM option to toretdoss. or any right hereursder, snd every payment so rrsa0e shay bear interest from tM date thereof at tM rate of l~je~ tmr amum. ~ 3. TMt tM Mortgagor viriY keep sY real and personal popstty now or isNesher ersaembsnd by tM bets of this mortgage insured as may bs required horn time to ~ G ~ time by tM Association against bas by fin. windstorm and ottiet hazards. awalMs and contingencies for such persods snd for not less than such amounts as 'O O m may bs required by tM Assoaation and to WY pornptly wftsn due aY premiums for such inwrsnce. Mortgagor agrees to dekvN nrsewal or replacement C policies of arsy nature or replacement certificates of insursrsCe to tM Association. at least ten 1101 days pia to tM expiration or anniversary date of tM exisbng n 4 ~ ~ policies TM amounts of inwnnce required by tM Associations shah bs minimum amounts for which said insurarce shah ba written and it shay ise incumbent iQ upon tM Mortgagor to maintain such additional ir?sursnce as may be necessary to meet and cornply itsYy witA aY oo•insuraisce requirements contained m sai0 d Z r M policies to tM end that said A/ortgagor is not a co-inwror tMreutdet- Inwtsnce stsall be written by a oonspany o? oompanss appowd w designated by tM ~ Association and aY polecNS snd renewals tfsueof stay bs Iseld by tM Association- AY detailed designatiorss by tM Mortgagor whiffs are accepted by tM ~ N ' ~ Association and all agreements between Mortgagor snd Assouation nkting to inwranq. rsow existing Ot hereaher made. shah be in writing and stay be a part i 3 ~ 0 of this nsortgage agresmsnt as fuYY as though sat forth verbatim Mrein and shay gavem both parties hNeto snd their successors snd assigns. No Tars upon any O of said policies of inwratsCe Or upon am nfurd or return premium whKh may Ds payable on tM catsCeYation or termination thNeof, shall be given to other than ~ _ ~ tt.. tM Association. except by proper erdassment affixed to such pdicy and appoved by tM Association- Each policy of insurarstx shay fsaw afford ttsNeto s Standard New York MrsrtgsgN l~euss without Contribution. nakwp aY bas or bases utsdN such policy payable to tM Association ss its interost may appear. ~ y 'L In tM event any wm or wins of money become payable therwnder, tM Association shah have tM option to raixive snd apply tM same on aa.oitrst of tM sn- ` 0 3 ~ debtednsss hereby setwed. or to permit tM Mortgagor to receive and use it. or ariy part tlsereof. without ttsersby waiving or irnpairirp any equity. Hers o.. rpht N i under and by virtue of this mortgage. to went of bas a physical dartsege to tM mortgaged property. the Mortgagor sfssY give immsdate notice tMreot by mad G Q Q N to the Association and tM Associaton may make pool of bas it tM same is not made pomptly by tM Mortgagor. In event of foredown of this mortgage. or othN transfer of title to tM ngrtpsgsd prrsstsY. in extitsgstisluMnt of tM indebtedness secured hereby. aN right. tick and interest of tM Mixtgapor M and to N ~ 0 any inwrance policies then in fora shall pass to tM purtMssr a grantee. TM Mortgagor furtMr agrees to abide by the rules and existing regulations of tM 3' 0. Association. in connection with required insurance coverage of tM property Mrein encumbered. . 4. Paragraph 4 and those which follow are contained on tM ravens side this gage and by relerMSCe ate incorporated into tM body of this mortgage. TM terms Mortgagor and Association, whenever used in this instrierrsent, shall irsN ins, personal representatives, waessors or a ns of tM respective psrtits hereto. WhNtrer used, tM sirigitlar number shall include the plural and the plural tM singular a use of any gender slsall i lode I IN WITNESS WHEREOF, these pernises have been executed on the day snd yex first teen. seated and ivNid p ofd 7 7 _ / i //GJ (SEAL) GENE T. HODGE `2~ (SEAL) JO HODGE (SEAL) (SEAL) LUCIE STATE OF FLORIDA _ _ctK1NTY of T • ; The foregoing instri,~~~e:.' was xknoii!edgcd txlort me [his day of December , 19? 9 by _ Till ~ e~'--'~" GENE T. HODGE and JOANNE HODGE, husband and wife, ''`s" . / / ~ ~ ~ / My comm:ssron !spires ~.o?r.~T , :,-,.;?•~n ~-Ln~ce ~ FLORIDA - .Y ~ • Notary Public, Sta r 1ivt:~~FD ia:.:::._.,...F: i.iSc,Wi~itWdiTEriS _ ' ,r .