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Home My WebLink About1912 • C-695A cr . 60? 28 -2 ~ , THIS MORTGAGE INDENTURE ; ~ E .ecuted this 14 day of Apri 1 , A.D.. 1980 , by ~ ~9'7 - ' WILLIAM R. SCOTT, unmarried and ANITA L._ SCOTT, unmarried parry of the lust part Ihere+naher called MortgsgoU, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corpouaon exnarsg under the laws of the United States of America, party of the second pare Ihereirufrer ca?Nd tM Association), wITNESSETH, That for divers good and valuable considerations, and w secure tM payment of the aggregate sum of money named in the worriissory note of even date nerewith, Isereinalter mcntioned, together with mteirst thereon and all other sums o1 money secured hereby ss Ise+einatet. provided, the Mortgagor does grant, Dar gam, sell, a1~en, remise, release, convey and conlnm unw the Association, in ter simple, the lollowirg described rest elute, of which the Matgagw is now sei2ed and possessed arW in acwal poacssion, sdwte +n the County of ST . LUCIE State of Florida, legally detcribed as follovK: ReCelVed a ~....In p~~ ~T~ Oue On Class "C" Intangible PersofnN~OpKlyj 7 grrsuaM To Chapter 71. 134. Acts O~ 1171. ~ ~ ~ (See Legal Description Attached) ROGER PaTRA$ C1s.s. Clrcuh Court, St. Lucie, Co., Ffi. TOGETHER with aN structures and imprOVemMts now arxf hereafter on card Isnd and the lixwres attacAed thereto, also together with all and prigutar tAe tenements. ~ered+faments, easements, riparian rights aiW appurtenances thereunto bebngirfg, or in any wise appertaining, and the rents, issues, and prof+ts thereof, and also all the estate, r ign r, title, inrerest and all claims and demands whatsoever, as well in !aw aS in equity, of card Mortgages in and to the same, and every part and parcel Ihereol, and also all gas and electric fixtures, radratois, heacers, au condnionirig eywpment, machinery, boilers, ranges, elevators and motors, balhtufn, sinks, water Nosets, water bas+ns, p+pM, 1,,ucets, and other plumbiny and heaNrig frstwK, man[Ns, rel.i4eiatirig plans and ice boxes, window screens, screens doors, venetian blinds, storm shutlas and awnings, wh+ch +rr now or may hereafter pertain to nr be used with, m of on said prlmisei, even though they ti! detached a detachable, are and shall fie deemed to tie fixtures anal atceuwns ro fhe freehold and a part of the realty, and, D the above dear+bed property is now a shall hereafter be used la commercial purposes, thM the Iwndure and lurmshings and any replacements fAereof which may be owned by the Mortgagor and which are now or may hereafter to located upon the above described props ty. TO HAVE AND TO HOLD fhe same. Together with alt the estate, r+ght, utle, interest, homestead, dower and right of down., separate estate, possessan, claim ants demand vvAatsuever, in law or m equity, of the said Mortgagor m and to jhe same, and every part thereof, umo the said Association m fee simple. Tne btortgagur herNiy covenants with the Assocrauon that the Mortgagor is indeftas+Wy leased wdh she absolute and lee simple till! to lard property, and has lull power, am.1 lawful authonty fo sen- convey, vansfer and mortgage the same. that it shall be IaWlul al any time herNtler 10r the AsfOClalion t0 peaceably and quietly MIN upon, na,r, hoW ants enjoy card prOpe+ty, arxt every part tfiereol- that said property is free and discharged from all Irene, ericumbiarxes, and claims of any kind, including tares and e>srssments, except the 1rM hereof, wMcn is a first hen on said propeity. that the Mongagor wDl make such Iwthei aswrances to perfect the fee simple fille to said property , :n me Association as may reasonality tie regwred, and that the Mortgages does he+etiy fully warrant unto the Assoc+atron the utle so card property and will defend same .+:,+~nst the mor tgaye claims and Demands of all persons vvlromsotver- nOW, THEREFORE, the condition of this mortgage rs such that d the Mortgagor shad weo and truly pay unto the Associatan, the indebtedness e.~dencM by that certain prom+ssory note, of even date herewith, made by the Mortgagor and payable to the Association, m the pnncipal sum .,1 FIFTY ONS THpUSAND, FIVT HUNDRED and NO/100------------------------- DOLLARS 1x51, 500.00 1, together with interest as there+n stated, payable over a term of 348 months, and shat) pe-tnrm, comply with and abide by each arxt every the supulatrons, ayreements. condrbons and cOVtnams contained and set forth m tMs mougage and m the prom+ssory note ~rrureD hereby, then this mo, ryage and the estate hereby created shall cease arW be null and void. TRANSFER OF THE PROPERTY; ASSUMPTION 1 t 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 reation of a lien or encumbraMe subordinate to this Mortgage, Ib) the creation of a purchase money security interest for household appliances, iN $ transfer rev Devise, descent or by operation of lave upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing an , ~/,rlon to purchase, Association rnay, as Association's option, declare all the sums secured by this Mortgage to be immediately due_arid 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 satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall be 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 r~as executed a written assumption agreement accepted in writing by Association, Associa,ion shall release Mortgagor from all obligations under this Mortgage .+ncf fhe Note, 1f Association exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not leis than 70 clays from the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor tails to pay such sums prior to the expire- ~;,r, of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph t5 hereof. AND the Mortgagor does hereby covenant and agree 1 To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory rate and this mortgage. or either. promptly on the days respectively the same severalty become due 2 To pay all and singular the taxes. assessments. other governmental tev+es. Iiablities. Obligations and encumbrances of every nature on said described properly and the related debt acquisition each and every when due and payable accordir?g to law. before they become delinquent and, if tM same shall not be promptly paid. the Association may st any time. either before or ahsr delinquency. pay the same without waiving or affecting the option to foreclose. or any right hereunder. and every payment so made hall bear intsreit from the date thereof st the rate of eighteen per cent Iff3gW per annum 3 Tnat the Mortgagor will keep all real and personal property now or Mreafter encumbered by the ben of this mortgage mwred as may be regiued from bme to ante by'the Association against ties by fire. windstorm and other hazards cswalties and contingencies for wch periods and for rat less than such amounts as may tie required by the Association and to paY Dromp;ly when due aft premiums for such insurance Mortgagor agrees to delver renewal or rope$C~ement pof+aes of any natwe or replacement certifrcatss of mwrancs to the Association. at bast tM (101 days pier to the expiation or anniversary date of the~3risting pofrcres The amounts of insurance required by the Associston shall be minimum amounts for which said mwrance shall be wntten and it shall be incumbent ulrxi the Mortgagor to maintain such additions! insurance es may be necessary to mcet and comply fully with all co-inwrince requirements contained in said pol+cies to the end that said Mortgagor is not a co-insuror thereunder. Inwrance shall bs wntten by s company or tOmplnie5 approved o. designated by the Association and au policies and renewals thereof shall be field DY the Association Ail detaibd designations by the Mortgagor which are atcepted by the Association and all agrcements between Mortgagor and Assocytan relating to irtwrerice. now existing or hereafter made, sftsll be in wrting and shall be a part of tMs mortgage agreement ss fully ss though set forth verbatim herein and shall govern both parties hereto and then successors and assigns No lien upon any of Bard pohcres of insurance o. upon any refund or return prerruum which may be payable on the cancellstan or terminatan thereof- shall be given to other than the Associaton except by proper srtdorslement affixed to wch policy and approved by the Association. Each pdicy of insurance shall have affixed thereto s Standard New York Mortgages Cause without Contribution. malting aN bas a bases under such policy payable to the Assoaatan as rte imerest rnay appear In the event arW sum or wins of money become payable thereunder. the Asstxiatan skill have the option to receive and apply the same ors account of the in- debtedness hereby secured. or to permit the Mortgagor to receive end use rt. or lily part thereof-without thereby waning or impainrig any equity, lien or right under and by wrtue of this mortgage In event of loss or physical damage to tM mortgaged property. the Mortgagor Sfratl give immediate ratite therept Dy mail to the Association and the AstlOtytiOrt may make proof of bas d the sirrie is not made promptly by the Mortgagor In event of forsclowrs of this mortgage. or other transfer of title to the mortgaged property, in extinguishment of the indebtedness secured hereby, all right. title and imerest of the Mortgagor in and to any inwrance policies then m torte Shelf pass to the purchaser p grantee. The Mortgagor further agrees [O abide by the rules and existing regufat!ons of the Assocation. in COnrlettiOn with required insurance coverage of tM property herein encumbered Paragraph 4 and those which follow are conuirted on tfw reverq side of this itsortgepe aril by r~ferertce are irttwrporated into tfw body of this rttortgige. The terms Mortgagor and Association, rvhe used in this instrument, shall irscttide t11e heirs, personal representatives, successors a assigns of the respective parties tier to- Wherever used, the si number shall r de the plural and the plural the singular, and the use of any gender shall include al riders. f~W ESS WHER F, premises have executed on the day arsd year first above written. 1 rg sled and del the presence of: ~ _ ISEAII IAM R. SCOTT ISEAII f ITA L. SCOTT ~ ISEAI! , ISEAII ' g~*~ Not~~c STATE OF I$aORIDA -COUNTY OF MARTIN ~ . TZre faegoirg instrirrrtent was acknowledged tielore me this day of rn 11 . 790 by ~i ~ s1~ ~++~Y~ ,~ILI,IAM R. SCOTT, unmarried and ANITA L. SC , 'u led ~1e .r ' ~ ~ ~ t : LENDER r~,..~< Mr conwrwuan expires ~r_~ ditA 01 E~otidi it ~f9e Mr (,ogelis:ion Ellpifes sec. 13. 1982 / !ti ANrir.'i Ir, a G.w+!rY Cc~7+irY Notary Public, State of 8~1'1K PAGE ~~1~