Loading...
HomeMy WebLinkAbout2066 • C •~09A kc 61475 -2 4'78063 _ Jed©09 s THIS MORTGAGE INDENTURE - ~ 0 " Executed the 15 rive of February . A.o., la 80. a MILTON C. HARDING and MARIA M. HARDING, husband and wife party of tM first part (hereinafter called Mortgsgorl. to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation exisurg under the Isvvs of [M United Stites of America, party of die second part (hereinahM called the Associstionl, WITNESSETH, That fo. divers good and valuable conswferations, and to secure rite payment of tM sggregste sum of niortey named in tt+e promissory note of even date herewith, ftereinaftM mtrttioMd, togetMr witA interest thptton and all other sums of moriey secured hereby ss ttereir?atta Provided, the Matgpor does grant. bargain, sett, slim, remise, relMSe, convey and confirm unto tM Association, in lee simple, the tdtowirig described real estate, of vvfiitli the Mortgagor is now seized and possessed and in actual possession, sitwu in the County of sSt . Lucie State of Fiords, legally rfescnbed at folloviu: (See s~ttached description.) +~arEO: /ate ~ PwrM~R of tA~i ' Ollf OM CLrs:S rC' ItRAYB'SLE PLBSOithL PYNZtJ1fNT TB LHA^T~:: 71-::.4. ACTS Oi Till„ ~ at.~, a~ ~ 3:un:i; Pi11AS ~ ainil mx~r cow~Tr aT. were ea. n,~. ~l TOGETHER with all structures and improvements now and herNttM On said find and the lixwres attst:hcd theeto, also together with all and singular the tenements. hereditsmenrs, easements, riparian rights and sppurtenartces tMrwnto bNortgirig, or in any wise appertainirq, and the rents, issues, and profits thereof, and also au the saute. } right, title, interest and all chime and demands whatsoever, as iivNl in Isw as in equity, of said Mortgagor m and to the same, and every Part and PHCd tttereol, and also all gas ! and electric fixtures, radiators, heaters, aN tatditiOnirg equipnant, machinery, boilers; ranges, elevators and motors, bathtubs„ sinks, water closets, watN bssms, pipes; looters, and other plumbing and fieaurtg fixtures, mantek, refrigenung plans and ice boxes, window screens, screen doors, venetian blinds, storm shutters and awmrtgs, which ~ are now or may liereatter pertain to a tx used witA, in or on said premises, even though they be detached or detachable, err! and shall Esc tfeerried to be fixtures and accessiorss to the Ireelald and a part of the realty, and, it the above described property K now or steal! lierealter he used for commercial purposes, then the lurmture and furnishings and any replstxrrients thereof which may be owrttd by the Mortgage and which are now a may hpeatter be located upon the above described property. - TO HAVE AND TO HOlO the same, togethe+ with all the estate, right, title, interest, homestead, dower and right of dower, separpte estate, possession, claim and demand whatsoever, in Isw or in equity, of the sad Mortgagor in and to the same, and every Part thereof, unto the said Association m fee simple. The Mortgages hereby covtrsants with the Association that the Mortgages K indefeasibly seized with the absolute and tee simple tick to said property, and has Tull power, and lawful authority to sell, convey, transfer and mortgage the same: that it shall be lawful err any time hereafter for the.Association to peaceably and quietly cote. upon, nave, hold and enjoy sad property, and every Part thereof; that said properly is Tree and discharged Irom all bens, ericurtibrances, and cretins of any kind, incliding taxes and assessments, except the lien hereof, which rs a fast lien on said property, that the Mortgagor vwll make such lurthp aswrances to perfect the rte simple title to sad property ,n the Association as may reasonably tit required; and that the Mortgagor does hereby fully warrant unto the Association the title to said property and will defend same ageirist the mortgage claims and derr?arids of all prisons whomsoever. NOW. THEREFORE, the cortduion of this mortgage n such that if the Mortgagor shall welt and truly pay unto the Association, tt+e indebtedness evidenced by that certain promissory note. of even date herewith, triads by the Mortgagor and payable to the Association, in the Principal vein ol---------~SIRTY--TWO THOUSAND, LIGHT HUNDRED-------------------- OOLIARS i5 s~, 800 •OO 1, together with interest as therein stated, payable over a term of 348 months. and Sh~l perform, comply with and abide b11 each and every the stipulations, agreements, conditions and covenants contained and set forth in tMs mortgage and in the pomissory note sxured hereby, then this mortgaoe and the estate hereby created shall tease and be null and void. TRANSFER OF THE PROPERTY; ASSUMPTION If all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding la) the creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliancets, (c) a transfer ny devise, descent or by operation of Isw upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing an option to purchase, Association may, at Association's option, declare all the wms 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 i agreement in writing that the credit of such person It satisfactory to Association and that the interest payable on the sums secured by this fidorigage snail b2 at such rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and if Mortgagor i successor in interest nos executed a written assumption agreement accepted in writing by Association, Association shall ?elease Mortgagor from all obligations under this Mortgage and the Note. - tf Association exercises wch option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not less-than 30 days f?om the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor faits to pay such sums prior to the expire tiun of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15~hereof. ANO the Mortgagor doss hereby covenant and spree T d ~ 1 To pay all and singular the principal and interest and other wms of money payable by wrtue of sad promissory note end tMs mortgage. or either. promptly on _p o im the days respectively the same ssvsrally become rive - 2 To pay all and singular ttN taxes. assessments. other governmentN levies. habihues. oblparions and encumbrances of every nature ore sad described property ~ t0 P and the related debt acquisitan each and wary when rive and payable according to law. before they become delinquent and. if the same shall rat be promptly f ~ ~ d' pad. the Association may at arty Line. srtl:er before a alter delwtgtierity. Pay the same without waiving or aHrscting the optan to foreclose. a any right Q- ~ r~+1 hereunder. and every payment so made shall bear interest from tits date thereof at the rate of eighteen per cent 1't3~1 per annum W ~ ~ t7s 3 That the Mortgagor wail keep all real and personal property now or hereaher encumbered by the ben of this mortgage ,nsured as may be requred from time to N > a time by the Associaton against loss by hie. windstorm and other hazards. cawalties and contingencies for such periods and for not Tess than wch amounts as w ~ C may be required by the Associat+on and to pay promptly when due all premiums for wch insurance Mortgagor agrees to dekver renewal or replacement 3 T ~ polices of any nerves or replacement csrtd+Gates of inwrartcs to the Association, at least ten 110) days pier to the expiration or anniversary date of the exisurtg ~ ao S policies The amounts of inw?ante required by the AssOCiatiOn shall be minimum amounts to which sad inwrance shall be written and rt shall be iMUmbent f ~ ~ upon the Mortgagor to maintain such sddrtansl insurance as may De necessary to meet and comply fully with all co-uisurance requuemenis contained in said ~ ~ e t polio+es to the end that sad Mortgagor is not a to•insuror thereunder Inwrance shall be written by a company or companies approved or designated by the ` 0 3 q Assoc+at+on and all policies and renewals thereof shall be hsW by the Association. Atl detailed designations by the Mortgagor which are accepted by the + i ~ Assoc+aton and all agreements between Mortgagor and Association relating to mwrsnce. raw existing or tiereaher made. shall be in venting and shall be a part c Q D tI1 of this mortgage agreement as fully as ttaugh set forth verbatim htrsm and shall govern both parties hereto and their successors and assigns No lien upon any of said policies of insurance or upon any refund or return premwm which may be payable on the caricellatan or termination thereof. shall De given to other than O the Associatwrt, except by proper endorsement aHued to such policy std approved by the Association Each policy of uiwrarite shalt have affued thereto a ice- ~ ~ Standard New York Mortgagee Cbuse without Contribution. making erg loss or losses under such pokey payable to the Assoaatan as its mterost may appear to the event any vein a wms of money become payable thereunder, the Associaton shall have the optan io receive and apply the same on account of the in- debtedness hereby secured, or to permit rtes Mortgagor to receive and ass n. or any part thereof. without thereby waivirp or intpainrtg any equity. ken or right under and by virtw of tMS mortgage In went of loss a physical damps to iris mortgaged property. the Mortgagor shall give immediate notice thereof by mail to the Associaton and the Assouatan may make proof rN loss if the same is not made promptly by the Mortgagor. In event of torsctowre of this mortgage. w other transfer of title to the mortgaged property. in sxtutguishrrssrtt of tM indebtedness secured hereby. ail right. title and interest of the Mortgagor in and to any inwrsnce pokcies ttisn in force shay pass to tfis purctsessr a grantee. The fMortgigor further press to sbde by the rules and existing regillatans of the Association. in corrtection vwth requaed insurance coverage of the property Mrsin encumbered 4 Paragraph 4 and those which foNow w conuined on tM rwerM side of this mortgage and by reference are incorporated into tM body d this niortgsg~. The tams Mortgagor and Assotiation,_whenever used in this instrixnent, shall include the heirs, personal representatives, successors or assigns of the respective parties hereto. Wherever used, the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. IN WITNESS WHEREOF, these premises have been executed on the day.and year first shove written. SigriW, sealed and dNivlre0 in the presence of: / • ISEALI M TON C G Iseau IA M. HARD N , ISEALI t ISEALI ? ~v ~ $ • FLORIDA cfwNTr of ST. LUCIB . ~ STATE OF `':_r; ~ a, ICI 15 Februar QQ/~~1 r 4; The foregoing irMrunwnt vas sckrtovvledgsd helots rite thn dry of y , 19~C by,.i ~ i, j'~+ 3iILTON C. HARDING and MARIA M. HARDING, has d and ~~`.~>,,A., t;;~: _ ~ r teesr.c r~a;aY - ~ V - t' DER RONaED Tdi;y Gl vii Ex, ,i ..FT. 6, 19x0 ~ j MY cornmissan expires . ~~a ~ ~S ? . VrU. a s,` . Notary PtrWie, Stott of P,~2064