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Home My WebLink About1984 e C ?OOA kc 58905 -2 • - THIS MORTGAGE INDENTURE J D E.ecuted Mrt p day of Apri 1 , A.D.. t$0 , by 4~ O PHILLIP H. LAPIDUS and PHYLLIS LAPIDUS, husband ~antl wife e1s,~ ~ / ' / pa-?y of the first part IlstrernaUa called Mor-,gagor?, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation eaisursg under the laws of the United StatK of Amtrrca, party of the ta'cond part IAaanalta called the Asrocratanl, WITNESSETH, That Iw divers goat and valuable cons/derautsns, and w secure the payment on the aggregate sum of money named In the prpmrsfOry note of even dart Herewith, Aerelrsalter rrsentipned, together with interest thereon and all other sums of money secured Hereby as harernafta provrdtd, the Mortgages does grant, tsargasn, sell, alien, rem+se. release, convey and conl+rm unto the Associat+on, sit lee s++rWle, Ilse Io1lowlnq descr lbed real estate, of which 1M Mestgagor rs now lazed srld posxssed and rn actual possession, situate m the County of ?St • Ll1C ie State bf Flesrda, legacy described as tonows. S RECEtYED -~-u-pS1.Y rN PA1fMEtfT OF 111XEi CUc tlN C!• SS 'C' IMTA%s 8!E PERSONA! I U+S:,'ATIT TO' el.'•.iT= • 71-+34 " r~~' . A,.TS OF 1111. (See attached description.) fusfR PCITkAS - ~ ~ acs 00~e fib TOGETHER wrth au sUUCIUrK and rmprovements,nOw and hereafter OrI lard land an(1 the f+xlurK attached thereto, also IOglttter w/lh all and slrgular the tenements. - nr~ edrtanlents, eesemems, riparian rights and appurtenances Iher eunto bNonging, or m any w+se appertaining, and Me rents, nstres, and profits thereof, and also all trio es?a?e, , ~.~nr. rate, ,merest and all clarms and demands whstscever, as wNi +n law as m egwty, of said Mortgagor m and to the same, and every part and parcel thereof, anU also all gas ,~r,r riecurc futures, radiator, heater, au condiuomrg egwpment, machinery, bodes, rsrges, elevators and moral, bathtubs, sinks, water closets, water basins, prpK, r,,~crrs, arid otner plumbiny and neawsg A+r?uret, mantels, relrrgeraong plans and see boxes, wrndow,creens, sc+eers doors, verseuan blinds, storm choreic and awnings, whicA r now w may hereafter per tam to w I,e ux'd with, in w wI sa+d premises, even though trier tIe detached w de?achable, are and shall be deemed to be (ratwes and accessions i.. flit freehold and a part of the realty, and- d the above described property rs now or shall hereafter b! used for commerual purposes, Mar the furniture and lurn+shinys arlr ,n` replacemen?s ?hereot which may be owned by the Mortgagor and which are now or may hereafter ls! located upon the stave described property. TO HAVE ANO TO HOLD the carne, together with all the estate, right, rule, mtereSt, homestead, dower and ryht of dower, separate estate, possession, claim and ciema+nl whatsoever, +n law or +n equity, of the sa+cf Mortgagor rn and to the same, and every part tAereol, unto the Said AssocNtion rn fee srmpk. The Mortgagir hereby covenants with the AsSiCiatrOn that the Mw[gagol n indefeasibly sorted with the absolute and fee simple title to lard property, and has lull power, en.t iawlul authority to sell, convey, uansler and mortgage the same, tAa? a shall be lawful at any time hereafter Les the Astotrauon to peaceably and gwetly enter upon, r HoW and enluy Said pril>4r ty. arxl every part thereof, Mat sa+d property rs tree and d+scharged Lom all tiers, encumbrances, and clarms on any kind, rntlud+rg teats and :,»rwnents, a>cept the hen herein, .which rs a first hen on said prilserty,•that ?he Mortyago+ wJl make such twMer assurances to pe*fect the fee simple trite to said property mr Asstxratron as may +eesonal>ty t+e iryurred, and that the Mo+tgagor does Aeroby fully war. ant un[o the A3soc+ation the title to sail property and wdl defend same ~.,.,~nst ?ne mw tgeye clarms and demands of all pe+sons whonssoever- NUW, THEREFORE, the cundnwn o1 flits mortgage rs such that d the Mortgagor snail well and truly pay umo the Assocratwn, the rndebterfness ;„tinfoil by that ce+ta+n promrssury note, of even date herew+th, made by the Mortgagor and payable to the Association, in ?he p+rrlCrpal sum ------FIFTY-ONTS THOUSAND, THRTTs HUNDRTsD FIFTY--~-------------- DOLLARS ~ 51, 350.00 1, together with interest as theran stated, payable over a term o1 348 months, and shalt ~i m- comply wrath and at+r+fe by each and every the supu?aUOns, agreements, cond+trons and covenants contained and set forth m th+s mortgage and m the promrsswy note ,r, urea hereby, Men this mortgage and the este?e hereby created shall cease and be null and vo+d. TRANSFER OF THE PROPERTY; ASSUMPTION li all or any part of the Property or an interest therein is sold_or transferred by Mortgagor without Association's prior written consent, excluding (a) the .~r.•ar+on of a Irrn or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliances, tcl a transfer :~r devise, descent or by operation of law upon the death of a joint tenant or Idl the grant of any leasehold interest of three years or less not containing an ,•i~nun [o purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association .nor!! have waved such option to accelerate if, prior to the sale or transfer, Association and the person to whom the Properly is to be sold or transferred reach t,;rrerrlent.rn 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's successor in interest i-~ns raecu [rd a avritten assumption agreement accepted in writing by Association, AssOCia,+on shall release Mortgagor from all obligations under this Mortgage .+~rd the Note- r f Associat+onexercises such option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not less than 3U days iron, the date the notice is mailed within which Mortgagor may Pay the sums declared due- It Mortgagor tails to pay such sums prior to the expha- ,.:n of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof- AND tAe Alestgages does hereby covenant end agree To pay all and s+nguWr the principal and interest and other sums of ntestey payable by wrtue of card prom+ssesy rate and th+s mortgage. or either. promptly on the days respecirvety the same severally become due 2 1o pay all and singular the taxes assessments. other governmental levies. IIsblltiss. oblrpatrons aril encumbrances of every nature on sand described property and [rte related debt acqursrtion each end awry when due and payable accordrrrg to law. befese they become del+rsquent and. +t the same licit rat be promptly paid the Association may at any time. either Defwe or aher debnquerscy. pay the same wdtsout warvirtg or affecting the option to feseclose. es any right Hereunder. and every payment SO made shall bear interest from the date thereof at the rate of ergA[een per cent 118`'6! per annum 3 Tnat the Mortgagor wdl keep all real and persona! property now or Aereahsr encumbered by the hen of ttus mestgage Insured as may be required from time to' ~ rime by [he Assoc+atiort against bss by fire. windstorm and other hazards. uwaltiss and contirsgencles fa such perads and fa rat less than such amounts as c _d may be required by the Associat+on and to pay promptly wASn due all ptomains for such insurance. Mestgages agrees to deliver renewal or replacement to pub: res of any nature or replacement caruficates of msuran:.e to the Assocratron. at least ten I l O) days prat to the eapuatlon a anruversary date of the ensting tlobcies The amounts of insurance required by the ASSOCISt+On shall be minimum amounts !es whstA lard Insurance shall be written and st shall be Incumbent c ` o r~jt. upon [he Mortgagor to maintain such additional insurance as may be rsscessary to meet and comply fully with all co-insurance requuements contasrssd m lard - policies to the end that said Mortgagor IS rat s co•inwres thereunder. Inwrancs shall De wnlten by a company or companre5 approved or dessgnated by the " rM Assocratwn and all polrcres and renewals thereof shall be t?eld by the Associatson Alt detailed designat+ons by the Mortgagor which are accepted by the Association and all agreements between Mestpagor and Associatan relating to msunnce. now ex+sung or hereafter made. shat) be in writing aril shall be a pan -i v of tnrs mestgage agreement as fully as though set forth verbatim Aersin and shall govern both parties Aerato and Char successors and assigns. No hen upon any - v o1 said p0lrcres of insurance or upon any relursd es return premium which may De payable On the cancellat+on es term+nauon thereof, sham be given to other tAan - _ .o the Assoc+atan, except by proper ersdorsement iffuced to such policy and approved by Ilse Association Each policy of Insurance shall have aHlaed tltsreto a ~ ii Standard New York Mongagse Clause without Contnbutlon. malting a1i bss es losses under such polity payable to the Assouatson as ds interest may appear In the event any sum w sums of rraney become peyabte thereunder- the Associat+on shell Aare the opt/on jo receive end apply the same on account of the In- t - n ,F debtedness hereby secured, es to permit the Mortgagor to rocs+ve and use it, or arty part thsrsol- without thereby waning es impairing any equity. Ilan or right a ~ ? o under and by virtue of this mortgage In event of bss or physical damage to tfse mortgaged property. the Mortgagor sASll give smmtsdats route thereof by marl ~ ~ to the Associat,on and the Association may make proof of bss A file same is rat made promptly by the Mortgages. In event of forscbsurs of tMS mortgage. or _ ~ ~ f~ y, otner transfer of title to the mortgaged property. m exungusshment of tM indebtedrsess secured fsereby, all right. title and interest of tAe Mortgagor m arsd to any assurance polices then rn force slssll pass to tM purchaser or grantee. TM Mortgagor further sprees to abide by the rules and eaisung regulatans of the • t~ Assoc+ation. In connectrOn wdh rpuued Insurance coverage of tfte property fsensn encumbered - - c' 4 Paragraph 4 and those vrMCh foNOw are conuinsd rxt rise resnrp tlyde of firs mortgage and by referersce ere srtoorporated into fire body of this mortgage. The terms Mortgagor and Association, whenever used m this instrument, shell /nNude the frolic, ptnsonat representatives„suocetaors es assigns of the respective parties hereso- Wherever used, the singular rwmlxr shall include the plural and the plural the singular, and the use of any gcrtder shall include all genders. l ITNESS VYHEREOF, Mere prom have been executed On the day and year first shove written. ig~ied, sealed and dNi sit the pr rice ot. ~ ISEALI PHI H. LAPI S PHYLL L IDUS ISEALI ISEALI ISEALI ?v ~~r STATE OF FLORIDA COUNTY OF A~ e The fesego+ng instrurrlalt was acknowledged belese me this ~U day of Apri 1 t9 80 by 11 ~ ~ PHILIP H. LAPIDUS and PHYLLIS LAPID - ~ wife .r-. ~ 1.~IJ - . twr.oui.c `~r ' - LENDER NpTARr hI{tK S1ATE Of fIOIGDA AT f• ~ . ~ lAR(~ Mtl commrfslon a*pirts ~ Hit rorioE~ Tlsu crEr~eAt Its uNU:RwIIti~ _ - FLORIDA • tlol~y Ittblie, sta. 01