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HomeMy WebLinkAbout1850 ~ ' C-618A cr / 1 _ ~a F THIS ~MO~iTGAGE INDENTURE 57sao a 4~~9 Executed else 21st d.y of February , A.o., ts80 . blr RICHARD 8. CRACRAFT AND CATHERINE Pe CRACRAFT, husband and wife Party of the tint part Ihereirtalter called 1Mortgtpesl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION . corporation existing urxN. tM laws of tM united states of Ameria, party of the eernrd pan (herNnaUer csl4d tM Associalgnl, WITNESSETH, That for divers good and wluabb considsratiora, and to avers the payment of tfte sggregett trrrrt of rsiorwy named h tM promissory note of evtn date herewith, Irereirsafter mentioned, together with interest thereon and all other itrrns of money secured hereby ss lrereinatta provided, tM Mortgagor does grant, bargain, ,-cN, alien, nrnise, releeM, c'>weY and conlirm unto tM Association. in tee sirrrpM, tM fotlowireg oeserrbed real estate. of which tM Mortgagor is rrovv seised and Possessal «xt in actual poaewiorr, shwa in tM County of ST a LUC IE ,State of Florida, legally described as follows: (See description attached) TOGETHER with all structures and improvements now and hereafter on said lard and tM fixtures attsdted thereto, sbo together with all and singular tM tarrernertts. hereditaments, easements, riparian rghts and appurtenances thereunto betorging, or in any wise appertainieq, and tM roots, roues, and profits thereof, srw also aft the estate, right, titM, interest and all claims sod demands whatsoever, as wNl in law as in equity, of said Mortgagor in and to the ferric, and wary part sod parcel thereol, and also all gas sod ebctric factures, rodiaton„ Msten sir conditioning equipment. msMawY. Ooilers. ranges, ekwton sod motors, bathtubs. sinks. water dosets, vvster basins. Parts. fsueets, sod other plumbing sod hptirg fixtures, manteb, rotrigenting plans sod ice boxes, window screens. screen doors, venetian blinds, storm fhutten and awnings, which are now or may hereafter Pertain to or be used with, in or on said premises, wan though thty be detscMd a detadralrb, are and shall be deemed to be fixtures sod accessions to tM freehold and a part of tM realty, sod, if the atiove dssuibed property a raw or shall hereafter bt used for conwt+ercial purposes„ than the furniture and furnishings and any replanmerrts thereof which may be owned by tM Mortgage and which xe now or may lierestter be located upon the above desaibd property. TO HAVE AND TO HOLD the same, together with all the estate, right, tit4, inttrest, horrrestssd, dower and rght of dower, separate seats, possession, claim and demand whatsoever, in law or in equity, of sire said Mortgages in and to the same, srd every part thereof, v.ito tM said Auoeiatian in tee simple. The Mortgages hereby covenants with tM Association that tM Mortgagor it irrdtisasibly seized with tM absolute sod tee simpYt tithe to said property, and has Lull power, sod lawful authority to sell, convey. transfer sod mortgage tht same: that it shall be Isrvlul at soy time hertatter fa the Auociation to peaceably and quittly enter upon. have. Hold sod enjoy said property. sod every part thereof: [list said property is tree srd disdwged from all lierif, encumbrances, and claims of soy kind, including taxes and messtrrMts. extxpt the t+en Irereot, which is a tint lien on said property: that the Mortgagor will make such further assursrtas to perfect tM tee simpb title to said property in the Association as may ressonsWy W required; sod that ttie Mortgagor does hereby fatly warrant unto the Asx_ce!ion the title to said property and will defend same against the mestgage claims sod demands Ot all pertorrs rvhomsoeirt:r. NOW, THEREFORE, the condition of this mortgage is such that if the Mortgages shall well and truly pay unto the Association, tM indebtedness evidenced by that prtain promissory note, of wan date trerwrith, made b1r the Mortgagor sod psyabb to the Association, in tM Principal wm of FORTY NINE THOUSANDS TWO HUNDRED AND NO/100--------------------------A~LLARS ,549, 200 a 00 1, togettrp with interest as therein stated, payable over a term of 348 months, and shall perform, comply with and abide btr eadr and every the stipulesions, agreements, cpditiorrs srd covenants contained and set forth M this mortgage and in the promissory note secured hereby. then this mestgsge and the estate hereby nested shall cease and be null and void. - I AND tM Mortgagor does hweby oowrtertt and aver = 1. To pay erg and sirtgtrbr the prirtCipal and interest and otMr sums of money payabb by virtw of sad pomissory non and this mongsge. or eititsr. pranptly err the days respectively tM same severally become dw. 2. To pay sg and sirtgutar tM taxes. assnsrrtenta. other governtrtenUl tsvies. IiabiYties. oblipstiotts and encumbrances of wary naturo on said desuibed property { and the rebted debt acquisition each and every when dw and payable according to law. before they beoottrs deingwnt and. it tfre same shag nor bs promptly ~ paid. the Association may at arty tune. either beforo or after delirrquencY. psy the samf without waivinq~ a~ttectinp~ option to toredose. or any right hereunder. and every payment w made shah I»u interest from the date thereof at tfte rats of 1 Iv any°• 3. That the Mortgagor vriN keep erg real and personal property now or frenafter Mtarrsbered by tM Yen of this mortgage irraxed as maybe tequirsd from time to time by the Association spainst loss by firo. win~tem and other hazards. caswltiss and oontingsnciss for such periods and for not less than sitrdr amounts as may be roquired by the Association and to peg promptly when dw erg premiums for such irrwrsncs_ Mortgagor agrees to deliver renewal or replacement poYciss of any naturo or replacement txrtificates of wrsurartce to the Association. at least tan I t O) days prior to the exPintiort or arwverwry date of the existing policies. The amounts of irrwranee required by the Association shah tie rrwrimum amounts for which said irrwrsrres shah be written and it shag be incumbent . upon the Mortgagor to maintain such additional irraurertce as may bs necessary to meet and comply fogy with erg eo-wtsursrtce requirements txxrtsirrad b said po4eies to the end that said Mortgages is not a fro-irtsuror tltereurrder. Irtwranq shall be written by a company or companies approved or desipnatsd by the Association and all policies and rertewab theroof shah be bald by tM Aaociation. Ag detailed dssignataru M the Mortgspor wfrich srs accepted by the Association and all agreements between tNortgapes and Asaowtion relating to inwronu. now existirp or trsreattsr made. sltstl be b wnbnp and shag be a pan of this nartgsgs agreement as fogy as though pt forth verbatim heroin and shall govern both parties heroto and their sirasssors and assigns. Mo Yen upon any of said policies of insurance or"upon any rotund or rotum prerr?iurr? which may bs payable on ttis drroMlation a termination tlrsreof. shall bs given to other than the Assoaation, except by proper ertdorasrrrsnt effaced to such pokey and approved by the Association. Each policy of irrsirrarrce shall haw affixed thereto a r Standard New York Mortgsgeq Ctwss without Contribution. making aN IoK or kisses under such policy paYSble to the Association ss its interest may appear In the event any wm a wms of money beconra payable thereunder. the Association shag have the option to receive and apply the same on account of sire in- ~ debtedness hereby secured. or to permit the Mortpages to receive and ass it. or airy part thereof. without thereby waiving or impairing any equity. ber? or right I under aril by virtw of this mortgage. In event of kx;s or ptrysical damage to the mortgaged property. the Mortgagor shag give unmediate rotics thereof by mad If to the Association and the Associaton may make proof of bu N the same rs not made PrwnDtly by the Mortgagor. In evert of foredosuro of this mortgage. or i other transfer of titb to the mortgaged property. in extinguishment of the indsbtedneu severed hereby, all right, title and interest of the Mortgagor m and to any irrwrance polices then in tome shah pass to the purchaser or grantee. The Mortgagor further agrees to abide by the rubs and existing regulatans of the Association. in connection with rorprired insirrence coveraps of the property herein encumbered. t 4 Paragraph 4 and those which fellow aro contained on tM reverse ads M this mortpags and by reference aro incorporated into the body ~ this mortgage. The terms Mortgagor and Association, whenever used in this instrument, shall indude the heirs, personal representatives, wecessors or assgns of the respective parries Hereto. Wfrerever lived, the singular number shall include the plural and the plum! the singular, and the use of any gender shall inc~s. IN WITNESS WHEREOF, these premises have been executed on [fit day and yex first above written. ~ ,sealed and delivered i t ol: ~ ISEALI t R v D ;ba it E e C ~ - ISEALI arc eg ey CATHERI P e CRA RAFT t ISEALI (SEAL) u:;..:::ita; . STATE OF IdICHIGAN couNTV DF Wayne ~ . ; ~ -3 .:4~ - dayot February : s80 ` Tht foregoing instrument was sckriowledged balers mt this~la~ - : `sy• ;'1 ~ ~ , i RICHARD Ee CRACRAFT and CATHERINE Pe CRACRAFT, husband afld ,.#i~# " ~ ;r `r =::b ?''Z1Wicr Waylte Cu, t'IC?, ~ ER , sutnmttflton Expires May 3r 1933 G(, ~ My commission expires Qp QQ ^ ~ PAtiE10`t0 ~ ' f >ti[ICHICAN~"~~,, . , f,.-, 6C(~(~ Noary 1/rrblic, Stab w . • .