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Home My WebLink About2076 6 ~ C=594A ~ Loan 6178$-2 ' THIS MORRTGAGE INDENTURE • •,y E aeCUted thrt rfaY of ~'i,l . A.O.. 19 80 . by ~ ~~and~.~~ ~ 3 party of the brtt part Iherernalgr called Mortgagor 1, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION • a corporation exrsung under the laws of the Unwed Sates of Anterrca, party of tM second part (frerernalter called tM Asaocratanl. WITNESSETH, That la dryers good and valuable consrderauons, and to secure tM payment of tM aggregate win of ttaneY rrarrsetf m the prorttrssorY note of even date naer,rth, frlrernaltN mentioned, together wrth mtaest thereon end alt other sums of money secured hereby as herernaRtr govrded, the Mortgagor does grant, bargain, sell, anon, remise, release, convey and conlum unto the Assocration, rn fee temple, tM followrrtq described real estue, of which the Mortgagor rt now strted and possessed and rn acwal possession, situate m the County of St• IaZ1Cie State of Flwda, legally deuntred a:lalows Lfiit 502 in OCEANA OQ~ ~ II. a000~~dinq ~ the Declaration Of Condaninium of Ooeana Oceanfront Qondominium IIe reoarded in Official Peoo~s Hook 372, Pages 1684 a et seq. , Public I~eoorc]s of St. Lucie Oo~ty, Florida (the "Declaration of Concianiniun") togethPx with an undivided share in the eanmon elements ~puYtenant to such unit and all other appurtenranoes to such unit as set forth in the Declaration of Candaninium. (See reverse side for continuation TOGETHER with alt strucwres and rmprovernents now ancf Mreatter on card land end the Irxtures attachtd thereto, also together with all and srrtgtlfar the tenements, nrredrtaments, easements, riparian rights and appurtenances thereunto belorgrrtg, or in any verse appertaining, and tM rams, rutref, and Profits thereof, and also all the estate, ~ ~gnt, true, interest and all deems and demands whatsoever, as well in law as rn eptrrty, of card Mortgagor rn and to tM same, arxl every Put and parcel thereof, and also au gas and electric hswres, radiators, heaths, au condruonirg egwpment, machrrrery, boners, ranges, elevators and motors, bathtubs, sinks, water doRts, water basins, prpK, tau~ets, anti other pluntbrng aril heating IrxtwK, mantels, refrx,Kratirg plans and ice DOxK, window screens, screen doors, verretun blends, storm shutters and awnings, Which err r now or may nereatter pertain to or Ire used with, in or on ud pr lrrtiSlS, even though they be detached Or detachable, are and shall be deemed to be listur es and accessions to the freehold and a part of the realty. and. it tM above described property n now a shell hereafter be used for comrttercral purposes, them the Iwniture and furmshrngs and any replacements thereof which may be owned by the Mortgagor and which are now Or may hereattN b! located upon the strove descrrbett property. T O NAVE AND TO HOLD the same. together rwth all the estate, right, title, rmerest, homestead, dower and right of dower, separate estate, posseuron, darn and da•mand whatsoever, rn law or rn eyurty, of the taut Mortgagor m and to the same. and every part thereof, unto the sad Association rn fee simple. The h/ortyaqur heeehy covenants wnh the Assocration that the Mortgagor is rndeteasrWy tertld with tM absolute and lee srmpk title to sad property. and has full power, en.f IaWlul authority to sell, cunvev. transfer aril mortgage the same, that n shall be lawful at any tone hereafter fa the Assocratan to peaceably and rturetly corn upon. na.r, hull red enluy sad pr(xterty, srxf every part thereof, that seed property is free and discharged from all bens, errcumWances, and clarms of any kind, rrrcludrng taxes and as+essments, euept the Iran hrreul, which rs a fast ben ~on seed pi opa W. that the Mortgagor wdl make such tw thN assurances to perfect the fee timple title to card property .n me Assocration as may reasonably be reyuued, and that the Afortgagor does hereby fully warrant unto the AssOCiatiOn the title to card property and wdl defend Sartre .ra.,~nst the matgaye clarms and demands of all persons whomsoever. NOW, THEREFORE, the cuntbriun of this mortgage rs wch that d the Mortgagor shall well and truly pay wino [he Assocutuxr, the indebterfrress r.~dented by roar certmn prumrssory note, of even date herewith, made by the Mortgagor and payable to the Assocratgn, m the prirtcrpat win Forty Nine Zhousand Four Htmdred and no/100---------- DOLLARS ~ 5 49, 400.00 1, together with interest as therein stated, payable over a te.m of 240 months, and snail tier from, comply with and atwtfe by each and every the stipulatans, agreements, conditions and covenants ConlarlKd and set forth m this rttartgage and m the pr~mrssory note tir~ured hereby, then this mortyage and the estate hereby created shall cease and (le null and vod. TRANSFER OF THE PROPERTY; ASSUMPTION It all or any part of the Property or an inter«st therein is sold or transferred by Mortgagor without Association's prior written consent, excluding lal the - nation of a Iran or encumbrance subordinate to this Mortgage, (D) the creation of a purchase money security interest for household appliances, Icl a transfer r,y devise, descent or by operation of law uaon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing an ~u:ion to purchase, Assocration may, at Assxiation's option, declare all the sums securetl by this Mortgage to be immediately due and payable. Association ~ ;hell have waived such option to accelerate it, 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 n satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall be ' ,r such rate as Assocration shall request. If Association has waived the option to accelerate provided in this paragraph and it Mortgagor's successor in interest + ~ r,as executed a .written assumption agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage i,~`:' and the Note. If Association exercises such option to accelerate, Assocration shall mail Mortgagor notice of acceleration, Such notice shall provide a period of not less than 30 clays from the date the no[rce is mailed within which Mor[gagor may pay the sums declared due. Ii Mortgagor fails to pay tuch sums prior to the expira- r:c,n of such period, Aszociation may. without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof, AND the Mortgagor does hereby covenant and spree t To pay all aid srngular tM principal and interest and other sums of money payable by wrtue of said promissory rate and tMS mortgage. Or either. promptly Ort the days respec[rvefy tM same severally become due 2 To pay a!I and srngular tM taxes. assessments. otMr governmental levees. Irablrtres. obligations and encumbrances of every nature on card described property and the related debt acgirrsrtron each and every wMn due and pa»ble according to law. before they become debrsquent and. rf tM same shall not be prornptty yard ttte Assocration may at any bins. entree before or skier debnquertcy. pay tM same without waning or aNecurtg tM option to foreclose. or any right Hereunder. and every payment so made shall bear mtsrsst from tM date tMreof at tM rate of eighteen per cent I1llyW per annum 3 That the Mortgagor wdl keep a!I real and personal property now or Mreafter errwmixred by tM ben of the mortgage rnwrsd as may be repuus0 from bme to ~ ~ n A r r ainst foss b fire. wrrdstwm and other hazards. cawaltres and contrngencres for such periods and for not bsS then such amounts as t,n a by t e ssoc at on erg Y I~ - , may be required by the AssOCratron and to pay Promptly when due ell premwms fa wch inwrance Mortgagor agrees to deliver renewal or replacement - - _ truf,c •es of any nature or replacement certdreatss of rnwrance to tM AssOCratron, st least ten 110j days prior to tM exprabon or anniversary date of tM earsting ~ twf~oes Tne amounts of rnwrance ragweed by tM Assocretron shall be minimum amounts for which sad mwrance shall be written and d shall be recumbent ~ r upon the Mortgagor to maintain such sddrtrond inwrence es may be necessary to meet and comply fully with au co-inwrance requirements contained rn sad Iwn,;res to the end that sad Mortgagor rs rat a co•rnsuror Thereunder Insurance shall bs wtitten by a company or companies approved or dssrgnattd by tM Asso:.iauon and au policies and renewals tMreot sMll be Mid by the Assocration All deurled dssrgnatrons by tM Mortgagor whch are accepted by tM f Assocration and all agreements between Mortgagor and Assouatan rslatirtg to mwrance. raw exrstirq or hereaher made. sMtt be rn wnbrig and sMll be a part ~ o} flies mortgage agreement as fully as though set forth verbatim Mrern and anew govern both parties Mreto pod thou sticcsssors and asagns No hen upon any ` - • of Bard pplrcies of rnwrsrxe or upon any refund or return premium which may be payable On tM cancsllatan Or terminatan thereof. sMlt be given to other than i the Assoaatan except DY WoDer endorsenwnt affixed to wch policy and approved by tM Assocatan Each policy of insurance sM11 hays affued tMreto a Standard New York Mortgagee Clause without Contnbutron. rrulurtg all bas or losses under such pdrey payable to tM Assocatan ss its mtsrsst may appear In the event any sum w sums Of money become payable tMrwrider. tM Assouation shall have tM option to receive and apply tM sart?e on accoum of the r~- debtedness hereby secured. or to permit tM Mortgagor to receive and use rt. or any part therwf. without thereby warvirq or rmpaurr?g any sporty. ben or right under and by virtue of flies mortgage In event of bas or physical damage to tM mortgaged property. tM Mortgagor sMg gees imrttedrate notice thereof by man to the Assocration and tM Assocration may make proof of bas d tM same rs rat made promptly by tM Mortgagor. In wMt of forscbwre of the mortgage. w other transfer of title to tjie mortgaged property. rn •:brtguishrtNnt of tM indebtedness secured Mreby. all right. btb and mtsrsst of tM Mortgagor in and to any insurance polraes then m force shah pass to tM purcMssr Ot grentee TM Mortgagor further agreK to sbds by tM ruNs and existing regulations of tM Assocration in connectan w.th ragweed mwrencs corerega of tM poperty Mom encumbered. 4 Paragraph 4 end those whch fallow ere cOnuiMd On tM ratrerN ads d flit mortgage and by nfererta ere incorporated into tM body of flit rriortgsge. The terms Mortgagor and Assocration, whenever used rn flies instrument, shell rndudt tM Mus, personal represenutrves, or s of tM respective parties Hereto. Wherever used, the srngular number shall include the Wirral and tM plural tM tarrgular, and tM use of any gender 1 frier all ge s. IN WITNESS WHEREOF, these premises hm been executed on the day and year first albovysAffr. S ,sealed and dNrver n the presence ol. ~~rr t ~ Ni1/ _ ~ (SEAL) ~ - / ~ ~ L~ ~ ISEALI ISEALI ISEALI i a~J ~fio = ~ _ STATE 0F; Fjp~ COUNTY OP N~IRIZN ` • Tt{tlfye0t1i1p.nswi~Iwent was acknowledged before me the-~ day of April - . 19 80 oY '~e 1~ ~ ~ ~ 1 , i,.. NOt~ ~ft. Skit! OF FlOfldrl i1 Large .oesrc - s, ~ LENDER :':j.ti- . ~ ~ M~ Cofomisiton Expect Dec. 13. 1982 ~ . fb•d•! h Ar..rr.can f,» GO •,aiua t! C_n.^+:.y e CM11f~r~ft~!Q~ i! ' ^ v . r ~ ~ ,p Flo Pp ~1R.' Notary Ytrbfic, Sate of 6 ~ 7 Q 'F~n • ro 2~ 7~