HomeMy WebLinkAbout1846 _ ~ C-b99A kc
• • • 4`~~i~~. 61997
THIS ~ViORTGAGE INDENTURE
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Executed the 23 dw a .tanual"y ~ •..,:y?.d.. ~s80~, by 8
LOUIS C. CAST-AL80 and 'YtNCHSb CASTALDO, husband and wife
laity d the first pert Ihereirrtter called Mestgagesl, w
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION
a corporation exatitg ur+ctsr u+a tavas of the Urrtrd States d America, party d tM srcoerd part (Mreirfslter ca14d dta Apocwion),
WITNESSETH, That les divers good anli vakrabM eonsidarstiorr„ aM to setxrn tltu payment of the ag,regsr trio d money named w tM porrswrll note d even der
AerevriM, lrereirrf ter rrfentiorfad, together with inrrea thereon end au other trrrta of ntonev sscwed hereby as tweirfafta Ixovrded, the Mestgages does grar?t, hsrgarf, te:M,
alwa, remise. retetM, convey and conlwm unto the AstocistioA, in tee sin+ple, tM lolbwirtg dgeibed rNl altars, of which the Mortgagor is now seized sM Oossesssd asd fn -
actual possession, sitwu M dr County of St . Lucie star. of Flortdq leleay aeftxrbed .
of folbws: Lot 't7 , Block 404, PORT 3T. LUCIE SECTION THREE, according to the plat-
thereof, as recorded in Flat Book 12, pages 13A through~l3I, of the Public
Records of 3t. Lucie County, Florida.
SUBJI~CT TO restrictions and easements of record.
TOGETHER with ail ttruttwes end irrpro~ernents now and hereafter on said land ena+ Me fixtures sttadfez thereto, stso sttgNlfer wiM aM and ~x the terK.nents,
hereditamerfts, eaftlrrrnrs, riparian rights sod appurtenances thereunto belorgirg, es in eny was appNtsiwirfg, and the roots, issues. and prdits thereof. anti also aY the elute,
right, titM, interest and ell claims and derrarfds wMtsoever, ss wNi M law ss in equity, of said Mortgagor in sod to the same. and swY pert and psrpl ihereot. and also .tl gas
and tileeerie lixtures, radrston, hNters, air cesrditanwg equipmMt, msdfi+fery, boiltrs. ranges, alawtoro and motors, Fxtthtutu„ sinks. voter cbsets, water basrrfs. pets,
:access. and other plumbing sod heatirfg fixtwis, mantels, rolrrgaratirrg pant and lee bo:es, window fcrearts, screen doors, verfstian blfrrd; strum shutters and airn.rfgs, which
are raw es may hpNfter pertain t0 es be used Math, N es on said premises, even though they txt deiadrd a detaeifab4, ere end titan bt deemed to be fixtures and accessions
to the freehold and s part of the realty, and, ii the above described property is now es shah herNlter bt used for commercial purposes, then tAe fwmturo sod lurnrshrfgs and
any replaSem.Mts thereof which may be owned by the Mortgagor sod which xe raw es may hnNlter be located upon the abo?ra described property.
TO HA\i c :.a1D TO HOLD the- same, trgether with ail the carets, right, title, interest, homestwd dower sod ri;::t d dower: separsse elute, possesion. darn and
d,+msnd whstsoeyer, in Isw or in equity, of the sad Mortgagor in and to the tame, and every part theraol, W?to the said Association in tee single. -
The Mortgagor hereby cwvrfants vmth tM Associstion that the Mortgages n irfdrlessiby seized with the sbsWute sod tea simple title to said poperrv, and ha lira gown,
and bwtul auMesity to fNl, convey, trsmter and mortgage the same: that it stfall be lawful st any time hereaftn for the Associs~ion w peaceably and quittly corer rrporf,
hour. told and entr?t/ ssid property. sod every part thereof, that said property a tree sod discharged from all Bern, encwnbrances. and ctarr?s d soy krfd, irfchrdrng axes and . ;
assessments. except the litre trraol, which-rs a first lien on said property: riot the Mortgages wilt make strM lurtner aswrsntxs w pnleet she taut simple rift to sad prupnty i
.n the Association as may ressonsbly.he required; and that tM Mortgagor does hereby fully warrant unto the Assonatan the ut4 to said property sod will defend same I
aga~rfst the mortgage dsims and dcrrsarrls of all persons vvlfomsoever. i
NOW, THEREFORE, the conditan of this mortgage is such that it the Mortgages shall well and truN OaY unto the Association, the rfdebttdness
evidenced by that certain prpnntory note. of even date herewith, made by the Mortgagor and payable to the Association, rn the prmaWl awn
ot -------------------SHIRTY-Iz'YVE THOUSAND------------- _ Dou_ARS }
is 35 , 000.00 I, together with interest as thpein sutea, payable Deer a term of 348 ~ months, and shall - ~
peripm, comply witA and abide by Nch and every the stipulations, agrtnnents, conditions and covenants contained and set forth fn the mortgage and a the prOnrssesy note _ -
secured hereby, then this mortgage and tFie estate hereby trNted shall cease and be null and void.
' TRANSFER OF THE PROPERTY; ASSUMf+TION 1
if all or any part of the Property or an interest iM?ein is add a transferred by Mortgagor without Association's prior written consent, exdudirg ls) tt+e
creation of a lien o. erfcumbrsnea subordinate to this Mortgsge, fb) the creation of a purchase meswy security interest for household applianfps, fcl a transfer
by devise, descent or by operation of Isw upon the death of a joint tensor or (d) file grant of any lessehdd interest of flies yws o. less not containing sn. {
option to purchase, Association'may, at Associstion': option, declaro all the sums secwed by this Mortgage to be immediately due and psysbN. Association
shall have waived such option to accelerate if, prior to rife file es tronsfN, Association sod the person to whom the Property is to be sold w transferrod reach
agreement in w: icing that fife credit of such person is satnfsetory to Association and that the interest payable on the Bumf secured by this Mort4r~e shall be
at such rate as Association shall request. if Association hss ors"rued the option to accelerate provi3ed in skis parsgraph and if Mortgagor's succesor in inarest i
hors axaeuted a written eswmption agreement aceaptad in writing by Association, Asweia.iori sfia!1 release Mortgsgor from all obligations under this Mortgage
and the Note. '
tf Assotiationexerciseswch option to srxelerste, Association shell mail Mortgsgo? notice of accele?ation_ Such notice shell provide a period of not lei then ~
30 days from the date the notice is mailed within which Mortgsgor may psy the wms deeiarad due. If Mortgagor fails to pay such sums prior to tR• expire- t
lion of such period, Association may, without further notice a demand on Mortgsgo?, imroke any renfadies permitted by paragraph 15 hereof.
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AND tM Mongsgor does Mreby twrMtarft and agree.
1. To pay stl and sirfgulsr the pnneipal attd interest and other sums d merry peyeble by tnrtw d ssd promasory loop axfd this mestgsgR es ertrfer, promptly on -
ehe dsys respectively tM sense severNly becesrr dw. -
o' p. 2 To pay all and singtrlsr the taxes. sssesaetents. ottfar pwarnmental lanes. bebilRNS. obbgstrorfs end erfcurrfbrances devery nstun on sad dpafbott pnD«ry
c ~ and ills related debt aoquisitiort each and every vMfren dw and payablN aooordng w law. bebn they beoesrfe dalnquau end. A the sstty st1N rrt be promptly
C m pad. the Assoastion msy at arty Time. either baton es aher dNiryuenty. Day tM ssme vridfout sHecbng tM Option to tcnedose. es eny rtgl?t
Q o ~ lfereunder. and every psyment so made shah bear nterest from tM dau shared at fir nu d oral - par artre+m.
t
q r ~ 3 i hat the Mortgages wiY keep tl reel auat irersorrl property novv or hsresher erfartfbered by 1M ben of till matpape rfswad ss may be requred trorrf trcrre w
brrr by the Assouation against bas by fire. wudatorm and otlrr Ita:ards. tsar-fairies and corftirfgarfcies tes suds periods and tow' rat less than suds amounts as
~ ~ 0 ~ ~ may be regfrirsfd by the Asstxiation end w pay pronystfy when due sg pnmwms tes such rrsursrfce. Mortgages agrees w deliver rerrwal or npbtxmem .
an ~ potties of err,/ naturo es reptstemsnt txraficates d irtsurartw w tM Assowtion, at feast ten 110) days prior w fir axpiratan es s:
afiveraary date d tffe atastefg
M w ~ ~ pdrCreS The amounts d irtstrirfoe required by 1M Assopabon shay be rrfirenfum smounts tes wtrch said irfsurance shad be Mrrrtterrarfd n s1rr0 be rfprablrtt
opal the Mortgages w maintan sud? additional irfs;lrarfoe as may be necessary to mast end w111PM fogy with all oo-irwrrsrfoe regtaremeMS torftsrfed n seed
,p ~ _ policies to fns end that laid Mortgages is itoc a co-insuror tlrretrfder. Ir?swarfu slnu l» writta? by a oompanlr es oompsrws approved « desigrrtad by the
oVt' ~ Assoaation end aM policies end renewsb ehenof s1feM Oe Mid M the Assotaation- Ar detailed dssipnatara M the Mortgages which sn atxrpted M tM
~ ] ~ Assoaatan end sN sgreemerfts betrveerf Mortgagor end Assot~ation relatufg to rfstrarfcs. raw existrg es taraafter nfads. shall be in vvnMg and shsg be a part
i t - d tics moitgsgs sgreemsr:t ss fogy as though set forth verbatim trarairt and shag govern both parties hsrew and fifer strtxessors axtd assrgrr. No ben upon eny
d sad pobeies d irurrattce es upon any refund es rsttrrt premium which may be payabN on tM cartoallabon es terminatwn tlrreot. stfaR De given w other than
Q p N the Assouation. except by proper endorsement affuced w such potty srfd approved by tM Assocrtaa Each poky d rrwarKe slislt have sifixed threw s
Standud New York Mortgsger Clswe vrithout Convibution. makrfg all Ions es bears trtdrr sud? pdiq DallabM w tlr Asa;owtior. a: its interest may appesr
N ~ trt tM evr+ft eny sum es sums d mdrry bacorrr pryabN tMreunder, tM Association shah have fife option w receive end apply tM same on roowa d tM rf-
r debtedr?~ss hereby seared. es w permit the Mortgages w raeeirs and use w es any pert thereof. vvistrout tlfereby warvirp es vrtparrrnp any ~gtat?. ien a nght
~ n: order and by virtu d this rrfortgsgs. In ewaett d bee es physical damage to Ure mortgaged property. tM Mortgpor sisal gore imtrdiaie nObq ditreot by mad .
w tM Assoastion and tM Assowrion may mob Drod d bas d tM wmr r nor made DrontPtM by tM Mortgagor- to event d tesadoetre d this mortgsge. es
other trsrsster d tide to ttta rnurtgrgad property. n axfinguisttnrnt d dr irtdebudrrss seared MrsbY. erg right. uda and aarrest d dta Mortgagor n and w
arty irwrrarfce policies tiro n torw sMfl Days w dta pwctfarer « grantN- Thor Mortgages fitrtirr agars w abide br rite ruNs and entistirtg regutaborr d the
Assotiebon. in eorrfaction with required irrwarree OOMaraga d dr p'Operty ftenin erturrtbered.
4. Paragraph 4 end tttoes vvti.,n fowsw an oomairrd cn dta nvarsa eider d dies mortgage and by relargrwe aw inoorDOrsad iron dta body d Oil ntortpaga-
tlfr toms Mestg.gor end Association, utad in tna iwstrtrrterrt, shall irlMrrde tM trio. persorlM repraartstivse, alcoesors « sssigt?s d ttfs rgp.e::.e parties
r hcrew. WAerever used. the sirsgufar t fade sf and tM Mural dse singular. and tM use of any frsndn fhaN include aM gersders.
IN WITNESS WH REOF, ttreer tad on 1M dry and yesr t: st above
Signed. felled and -
e p~ G'am'"- ~ t t ~ tSEAI)
f ~ LO C C
' Receltrsd t Psyni~M Of TtbgN ~ tsEwu
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Qt/?a~ant To CfI~pRII? 7i, f 34, Airs O~ i9~t. CHEL M. C ALDO ~u
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Cb.>< Chaait CawL LueMr Coe F41. sEwu i
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~ STATE OF FLORIDA oouKnr OF 1r~sARTIN QQA/~
TM fesegowg irbtrumsstt was acknoeflydged talon nr dtis~~ dry d January ,18~L by a'
LOUIS C. CASTALDO and RACHEL N. CA3TALD0, husband and wife : ~
NOTI?IIY p1ALIC STATE OF fWR{DJ1 /1t IJ_1E6ii ~ ~ -
MY CONW?ISSION EXP_IEES ['IOY 1e3 19'8-~, - 'j'14 Y
My oaamaaon - #o e c ::j !
i Notary gt~. fWS OQ~-=~T---~- +t-l~iS .,'r {=T~ ~ ~
~843~ ~ .