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Home My WebLink About2448 • s C-560A kc - j THIS MORTGAGE INDENTURE 58768-2 Executed thn t y wy of December . A.o., ta79 . ay 4,~26,~9 ~ o JACK A. LAMB and BARBARA S. LAMB, husband and wife party of tM last part (hereinafter called Matgagal, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION • capesation existing under tM Iavvs of tM United States of America, party of tM secorsd part (hereirsalter called the Auociatan), WITNESSETH, TMt for divers good and vahrsble tnnssdastsorss, sod to secure tM psymerst of tM sggregaa sum of money oared M tM promissory note of even date herewith, hueinsfter mentioned, IogetMr nriM interest thereon and alt other wins of money secured hereby ss hereinaher provided, tM Matgagor does grant, bsrgarn, sell, alien, remiss, release, convey sod confirm unto tM Association, wt lee simple, tM following desaibed real estate, of which tM Matgages is now strzed and possessed and in actual Possession, sitwte in tM County of St . Lucie State of Florida, legally described a Idlows: 1 f 7Q' 0'~ IM. P'"Y~yT 9F TAXES (See attached description) L ca cc ~ s •i: if:i.'.f:C ~:F N vaovEeTr o , ?i. ,,~;;Yi TD ~.;t:?ice.: 7Ti..4, Ai:TS uF 1971. ct:~x aacua couAT, sT, tu:.l~ co, ~urt~.'t~'1- TOGETHER with all structures and irnprovemcntt now and Mreahp on said bred and tM fixtures attached thereto, also together witA aN sod singular tM tenements. hereditsmsntt, NStmMts, riparian rights and appurtenancts thereunto belonging, es in any wise appNtsinirg, sod tM rents, issues, and profits thertol, and also all tM estate. right, tits, interest and all claims and demands whatsoever, ss well in law ss in equity, of said Mortgagor in and to tM same, and every part and parcel thereof, and also all gas and etactrie fixtures, .sdsatess, beaten„ air t:asditanirsg equipment, machinery, haters, ranges, elevators and motors, bathtubs„ sinks, roster dotets, water tusrns, ropes, faucets, and other plumbing and heating fixtures, manteh, relrigeraprg plans and iu boxes, window screens, screen doors, venetian blinds, stain shutters and awnrrsgs, whrcA are now es may f?erNlter pertain to es M used with, in a on said premises even though they b detsMed a detachable, are and shall be deemed to be lixtwes and sccessrorss to the trealsoW and a part of tM realty, and, rl tM atios~ dncribed property is now es shay hereafter be used la commercial purpo»s, then tM twnitun and lurnishrngs and any repbCerrsersts thereof which may be owned by tM Mortgages and which an now a may hereafter be located upon ttt shove dnaibed property. TO HAVE AND TO HOlO tM same, to9eMer with all the estate, rght, title, interest, horrsestesd, dower and right of dower, separate estate, possestron, claun and demand whatsoever, in lanr es in equity, of tM said Mestyaga in and to tM same. and every part tfsersof, unto tM said Associatoon in fee sinsple. The Mortgages hereby covenants wstA tM Association that the Mortgagor is irdefessibly seized wiM tM absolute and lee simple title to said property, and has Iu11 power, and lawful authesity b Belt, convey, transfer srd mortgage tM same; that it shall be bw1u1 at any tirtse hrreafter les the Association to peaceably and quietly enter upon, have, hold and enjoy said property, and every part tMreof; that said property is free and distlsarged Iron all liens, encumbrances, and cleans of any kind, inchadirsg taxes and assessments, except tM Iien Mreot, which K a first lien on said property; that tM Mortgages will make such further sswrsnus to pertett else tee simple titM to said property in the Association ss may ?NSOnabty D! requad: and that tM Mestgsges elves hereby fully warrant unto the Association tM titN to said property and will defend same ag.inst tM mortgage Nsitns and demands of all parson vvlsomsoever, NOW. THEREFORE, tM Condition of this mestgsge w such that it tM Mestgages shall well and truly pay unto tM Associaton, tM indebtedness evidenced by that certain promissory nog. of even dau herewith, made M tM Mortgages and payable to tM Association, in tM Principal sum ~t------- THIRTY-FINS THOUSAND--------------- oot.l_ARs is 35 , 000.00 1, together with interest as therein statee, payable over a term of 348 months, and shad perform, comply with and abide by each and every dsf stipulations, agreements, conditions and covenants contained and set faM in [his mortgage and in the promissory note secured tsereby, then this mortgage and tM ettsM MrebY asated slsMl cease and be null and void. . TRANSFER OF THE PROPERTY; ASSUMPTION if all or any pa?t of the Property or an interest tMrefn is sold a transferred by Mortgagor without Assoelation's prior writan convent, esxdudirg (a1 the creation of a lien or esncumbrana wbordlnate to this Mortgage, (b) tM creation of a purchase money security interest for housMold sppllances, (c) a transfer 5y devises, descant or by opsratlon of law upon tM death of a joint avant or (d) tlse grant of any leasehold interest of three years a less not containing an option to purchases, Association may, at Association's option, declares all the wins secured by this Mortgage to W imrtsediatNy dux and psysDles, Association shall have waived such option to sculerate if, prior to tM sales or transfer, Association and the person to whom tM Property is to be sold w transferred reach agrsertsent in writing that the cresdit of such person is satisfactory to Assoelation and tMt tM inarest payables on tM wins secured by this Mortgages shall be ac such rate as Association shall request. It Association fsas waived thes option to accelerate provided in this paragraph and if Mortgagor's wcwssor in interest has executed s written aawmptton agreement accepted in writing by Association, Associatoion shall reNsses Mortgagor from all obligations under thk Mestgage and tIN Note. tf Association exercises wch option to accelerate, Association shall mail Mortgagor notirx of aeglerstion. Such notiu shall provide • period of not teas than 30 days from tM date the notiu is mailed within which Mortgagor may pay cM sums declared dw. If Mortgagor fails to pay web wins prio? to the expira- tion of such period, Assoelation may, without further notip or Wmand on Mortgagor, invoke any remedies permitted by paragraph 15 Mreof. AND tM Mortgages does hereby covenant and spree: _ 1. To pay au and sinpulir tM prascipal and interest and other wins Of money payabN by virtw of sad promissory rate avsd this nsestpsps. a either. promptly on tM days respettiwly Use same sewaNy bet:OnN dw. 2. To pay a0 and singular tM taxes. aswssmants. otMr porernmenal levies, kabilities. oblgations and encumbrances of every nature ors said describesd property and tM rebtsd debt acquisition each and every when dw and payabN accordag to bro. bsfae they become dNirsquant and. if tM ssmes shay not be promptly 'i pad. tM Association may at any time, either before es afar dNinquerscy. pay tM same without wssvsnp es sHectinp iM option b foreclose. or any right fsereunder. and every payment so made sMY boar interest from tM date thtsreot at tM rate of 1j~ per amum. A ~ 3. That tM Mortgagor vviY keep aY real and personal property rsow es Mreafter encumbered by tM bin of this rrsortgsge insured as may bs raquaf+d from pine b ~ C ~ pine by tM Association apaasst bas by fin. windstorm and other hazards. gwslpes and eontwspsneies for sareh periods and fa not less than such amounts as ~ 'U m may bs required by tM Association and b pay promptly when dw aY premiums for such inswancs. Mortgages aprsea b dekrer renewal a replacement j ~ ~ G policies of any nature a replacement t»rtitcstes of insurence b tM Association. at least ten (10) days prior to tM expiration a amiverssry data of tM existirsp Q ~ d1 polreses TM amounts of assurance required by tM Asaodation shay be minimum amounts for which sad inwrance sisaY ba written and it sbsY a asesrmbent ` d upon tM Mortgages b maintain fuCA addstior?N aswrence as merry be necessary to rrsest and t>atsPlY fully wrtA sY co-insurarsce requirements conbassd in said I Q Z ~ ~ policies to the end that said Martpapor is rsot a oo-inwror tMrwnder. Insurarsce sisal) De vvntten by a company or companies approved or designated by the O L Association and sY pokcies and rsnewab thereof sf?aY be Iseld by tlse Associston. AY debited dssrprsations by tM Mortgagor which eve aeeeptad by tM ~ N ~ tD Association and ail sgrNmenb between Mortgages and Association relating to assurance. now e::stinp a h»reafter made. shag be in writing and shall be a pan ( 3 ~ ~ b 01 this mortgage agreement as fuYy as tfsosrph set fortA verbatim Mrein and shau powm both parties hereto and their successors end assigns. No liens upon any O of sad pokcies of inwrsrsce es upon any refund a ntWn prerrsium which may be paysbM on the cancelbtion es termination tlsereof. shsY Oe given b otMr than C = ~ ~ tsndA as rid New York Mortgagee pausetla~ttContributan. ma~tsp aY loss a losses wader such pokey paysbbp to tM Assoaation~ts interest may ~sppsaa ~ ~ ~ In the event any cam a cams of money became payable tfserwnsder,lM Assottiation shay haw tM option to receive and apply tM sense ors account o1 tM in- ~ O 3 7 debtedneas issreby secured. a sD permit tM Mortgages to receive and use iL Or any Part tiweol. without thereby waiving es impaainp any equity. ken es rght O a. order asisd by virtw of tMS mortppa. M event of bas or physical damepe b tfse mortpapad property. tM Mestpspor shah give inrnedrate notice ttsereol by mail C Q Q N to tM Association and the Assoaation may mesh proof of bas ii tM same ss not made promptly by tM Mortgages. M event of forecbsure of this mortgage. a other transfer of titb to tM mortpsped Property. b expnpuishment of tM asdebtedness severed hereby. sY rrplst. ptle and interest of tM titortpspor in and to a ~ 0 any inwranu policies then d fore sMY pass b tM purchaser a grantee. TM Mortgages turtlsar agrees to abide by the rubs and asistasp repulatrons of tM ~ ~y d ASSOCiation. in connection with requaed arwranu coverage of tM property herein ertarmberad. ParagrapA 4 and those wMch follow are contained on tM reverse side M this mortgages and by refersnxes are ascorporatesd inb Use bo0y of ttsis mortpspa. The terms Mortgages and Association, whenever used in this instrument, shalt include the heirs, personal represrntatives, suCeestors or assigr?s o1 the respective parties her.to. Wf?erever used, tM singular number shall include tilt plural and tM Plwal the singular, and tM use Oi any gender shall rnciude all genders. I N WITNESS WHEREOF, these premises Asw been executed on the day and year first written. sgned.~tal~d and delivered m tM presence ol: ~ C` IL ' ~ ~a ~ t ~ A 'LG"~- ~~LL1~ ~ ~-~1 Z~L_I~ ---{SEALI BARBARA E. LAMB (SEAL1 ~Pud/ wiC ~ (SEA)) ~R•E OF OF "0 . a 4 g~~ CANADA MANITOBA ~ December , tg~2 by _ ~-~'~r,s'~ The foregoing instrument was acknowledged belae me this day of a JACK A. LAMB and BARBARA S. LAMB, husband and wife ' ' ; ~ t ; `V fA~• ~ ~Ii fall commissar expires `L.` ~ i~ T~~~r~T~~ - •rr . _ Notary Public, State of t •'8(l~l(~~.r~'P~(i~~~~ IN AND FOR THE P~t~=.`,.. AC u w ulTrse