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Home My WebLink About2058 ~ .r<. 61fi15A2 ~SDc~O `~~a'7 yTHIS MORTGAGE INDENTURE ,4~~i9 ~ o~ Executed th„ 14th dw of Februar . A.o., 19 $Q by RONALD S. TURNER and KATHIrEEN Je TURNER, husband and wife, party of 1M first part (hereiMfter called Mortgegor?, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation exntirg urWer tM laws of the United States of Atrterita, party of the second parr {hereiMtter ca1Nd the Associationl, WITNESSETH, That for divers good and velusbkt considerations, and to secure tM payment of the aggragau sum of molly named M Me promissory rate of even date hcrevrith, hereiMtter mentioMd, togetlwr vrth irittlHt thereon and all other sums of money secured Mreby ss hereinafter provided, the Mortgagor does grant, bargain, sell, alien, remise, release, convey and conlirm unto the Association, in /N*si~rm+pis, tM tol{owirq described real estate, of which the Mortgsya is now wired and posseued and ,n actual possession, sitwte lit the County of STe LUCIE State of Florida, legally described as falows: 41 PATENT Oi TAXF~ (See description Attached) ~ ~'-=s 'C ttyTAltc~01E Pc'RSO~liil PROPERTi', P1tRSiJAtiT t0 i li-'.. T ~i 71-i;:~r ACTS OF 1971. ~ i:;,Gcft F%liiA~ ,a arc vacua co~T. a~ waE ca rts.9•~ TOGETHER with all structures and improvements now and hereafter on said lurid and the lixtures attached thereto, also together with all and singular. the tenements, hereditarrientt, easements, riparian rights and afrwrterrances thereunto belwtgirg, or in any wise ippertainirg, and the rents, issues, and prolitt thereol, and also all the estate, right, title, interest and all claims and demands whatsoever, ss well in taw as in equity, of said Mortgagor in and to the same, and every part and parch therwt,'and also all gas and eNetric fixtures, gdutors, heaters, air conditioning equipmMt, machirNry, boilers, ranges, elevators and motors, bathtubs, sinks, water closets, water basins, Pipes, faucets, and other plumbing and heating fixtures, mantels, relrigeralirg plans and ice boxes, vwndow screens, screen doors, venetian blinds. storm shutters and awnings, which are now or may hereafter pertain to a be used with, in or on said premises, even though they be deUChtd or deuMabk, are and shall be detrrried to be lixtures and accessions to the freehold and a part of the realty, and, it the above described property K riow Or shall hereafter be used for camiercial purposes, then the turmtura and furnishings and any replacements thereof which may be owned by the Mortgagor and rAiich are now or may hereafter be located upon the above described property. TO HAVE AND TO HOLO the same, together vwth all the estate, right, title, interest, homestead, down and right of dower, separate estate, possession, claim and demand wtiatsorver, in taw or in equity, of the said Mortgagor in and to the same, and every part thereof, unto the said Association in tee simple. The Mortgagor hereby covenants with the Association that the Matgagw iS indefeasibly tarred with the absolute and fee simple title to said property, and has luu power, and lawful authority to sell, convey, transfer and rriortgage the same; that it shall be lawful at any time hereafter for the Association to peaceably and quietly enter upon, ha+e, hold and enjoy said property. and every part thereof; that said property is free and disciwrged from all liens, er>ambrances, and claims of any kind, including taxes and assesunants, except the lien hereof, which a a first lien on said property; that the Mortgagor will make such further assurances to perfect the lee simple title to said property .n ilia Association as may reasonably be required; and that the Mortgagor does hereby fully warrant unto the Association the title to said property and will defend same against the mortgage claims and deniarids of all persons whomsoever. NOW, THEREFORE, the condition of this mortgsgs n such that it the Mortgagor shalt veep and truly pay unto the Association, the indebttatness evidenced by that certain promiswry note, of cull date herewith, made by the tillOrtgayar and payable to the Association, m the Princ.pal sum Q*----------SIXTY TWO THOUSAND EIGHT HUNDRED AND NO/100------------ DOLLARS +s 62:800 a 00 together with interest as therein stated, payable over a term of 300 months, and :hail perform, comply with and abide by each and-every the stipulations, agreements, conditions and covenants contained and set forth m this mortgage and in the promisstoy note secured hereby, then this mortgage and the estate hereby created shall cease and be null and vod. TRANSFER OF THE PROPERTY; ASSUMPTION If all or any part of the Property or an interest therein is sold or transferred by Mortgagor witho}rt Association's prior written consent, excluding (a) the creation of a lien or ancumbranco subordinate co tills Mortgage, ib) rim creation of a purchases moriay security intarast for household appliances, {c) a transfer by devise, descent or by operation of law upon the tleath oT s joint tenant or {d) flies grant of any leasehold interest of three yeah or less not containing an option to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable, Association shall 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 agreement in writing that the credit of such person is satisfsetory to Association and that the interest payable on the wms secured by this Mortgage shall be at such rate ss Association shall request. It Association has waived the option to sccelarate provided in this paragraph and if Mortgagor's successor in interest 'as executed a written sswmptian asreer:ient accepter! in writing by Asscciatinn, Atxocia.ion she!! relexe Mortgagor from all obligations under this Mortgage and fire Note. .r If Association exerciseswch option to accelerate, Association shall mail Mortgagor notice of acceleration. SucA notice shall provide a period of not less than 30 days from the date the notice is mailed within which Mortgagor may pay the wms dec{erred des. !f Mortgagor fails to pay such wms prior to the expira- tion of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AND the Mortgagor doss hereby covenant and agree: ~ , 1 To pay all and singuar the prirtcpat and interest and other wms of money payable by virtue of sad promissory oats and firs mortgage. or either. promptly on the days respectively the same severally become des. ' 2. To pay all and singular tM taxes. assessments. other governmental levies, habihties. odipatioris and encumbrances of awry Mture on sad described property • and the related debt acquisition each and every when des and paysbhs accordrrig to law. before they become delinquent sod. if the same shall not bs promptly paid, the Association may at any time, either before or sitar dshnquency, pay the same without waiving or affecting the option to fort?close. a any right fiereurder. and every payment so made shall bear interest lrom the date thereof at the rate of par annum. - ~ ~ ~ 3. That the Mortgagor will keep all real and personal property now or ltsresha encumbered by the lier? of this8mportgage mcured as may be required hom time to c tirtte by the Association against bas by hrs. windstorm and other hazards. awsttiss and twrttingenaes for such periods and far riot less than firth amounts as ~ ~ $ may be required by the Association and to pay promptly when due all premiums for such iriwrance Mortgagor sprees to deliver renewal or replacement ~ d policies of arty Mture or replaument certificates of insunrics co the Assoaatron, at least ten (101 days prior to the axpustion or snrietrarsary flats d the existing Q ~ ~ pdreies The amounts of uiwrsnce required by the Association shall be mirwmum amounts for which card rnwrance shall be wnttsn and it shall be incumbent eJ a upon the Martgagar to maintain wch adduonsl inwranp as may be necessary to meet and comply fully vmth all co-inwrance rsquuemsnts contained rn said a z ~ pdreies to leis and that sad Mortgagor is riot a co-insures thereunder- Inwrariq sfisll be written by a company or tbmpsriies approved or des+gr?atsd by the Association and alt policies and reMwals thereof shall be held by the Assoastion. AU detsiksd des,gnstrons by the Mortgagor vrlrch are accepted by the Association and all agreements between Mortglsgor and Assocratron rNStirig to insurance. rlpw a:,sh o? he.eaher made. shall bs in vin ~ ~ of this moil 'ig brig and shall be s part # ~ gage agreement as fully as though set forth verbatim herein and shall govern both parties hereto and their wocessors and assigns. No hen upon any .r ~ of said pdipes of inwrancs or upon any refund a ntum premium wtrch may be payable on the CartCSUation or termiMtion thereof, shall be given to other than _ ~ the Assowtion. except by proper endorsement aHaed to such policy all approved by the Assoi:istrtxi- Each policy of insurance shall have sfhxsd thereto a ` Standard New York Mortgagee Clause without Contribution, rriakirig all loss or bases tinder such policy payable to the Association as its interest may appear. ~ O as ~ !n the event arty vim or wms of nwrrey become payable thereunder. the Association shall have the optwn to receive and apply ilia same on account of the m- debtedriess hereby secured. or to psrtnit tM Mortgagor to rsgiw and ussit. or any part thereof. without thereby wsmrq or impairing any equity, lien or sight under and by vrcttre of this mortgage. fn event of bas or physical damage to the mtxtgsgsd property. the Mortgagor shall givb immediate notice thereof by mad ~ Q to the Assodatiori and fete Association rriay mtske proof of bas if the same is not made promptly M the Mortgagor. In event o/ foreclosure of flits riiorigags. or other transfer of title to the mortgaged property. in etcOnguiNxrisnt of the irdebtedrress secwsd hereby. all right. title and interest of tM Mortgagor rn and to ~ O any insurance policies then in fore shall pass ro tM purcMser or grantee. The Mortgages further sprees to abide by t(a rules and existwp regulations of the O. 'Association. in connection with rsq~~ired iruursriq coverage o/ ttte property Mrsin encumbered. Paragraph 1 and those which toMovls ate corNSitted on ffte reverse side of this mortgage and by reference an incorporated into tM body of this mortgage. The terms Mortgagor and Association. whenever used in this instrument, shall intiude the heirs. personal repr utives, sutxessors or assigns of the respective parties hereto. Wherever used, tM sirigutar number shall include the plural and tM pkrrst the use of any shah iricluds all genders- IN WITNESS WHEREOF, these premiss have been executed on the day year lint itten. Signed, and dNiveritd m tM pntserrtx o/c ryt~~p~~ ISEALI ISEALI BA EEN Je (SEAIf ISEALI FLORIDA .,,f.:r+ii ;;1~:: sO ~i STATE OF COUNTY OF ST_! L ; id ~,r`' The foregoing instrument was ackrsoviAedgsd before me drit_l4__ dad ~ . 19_$iQ by set s i ~ RONALD E. TURNER and KATHLEEN Je ~ end aad Wife, ~ NCTfl?Y F:;'i•', ? Ot' rt^ ri';t. AT iARC.A~± : ~ ±r- _ EO::= :....v C _::i :cs'.WA:TER~_ iii ' ~ MY sommission? expires ~Ti~~. a o< 'FLORIDA ~e~ ; ,r , f 8110K t~ PAGE~~ , - r .i~~ t ~