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Home My WebLink About2532 yr • C--688A kc 4~a~' rJs 62933 -2 0 ~ • THIS MORTGAGE INDENTURE t ~ E xetuttid this, iS day of Apri 1 . A.D.. 19 80. by JOTSIa B. DRNNIS and PAULINE S. D~1NIS, husband and wife party of the lust part Iherernalter called Murtyayorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing under Me laws of the United States ul America. party of the second part Ihere+nalter called the ASSOCOtronl, WITNESSE TH, Tnat Ice divers good arxn valuable consirfereuons, and to secure the payment of the aggregate sum of money nartsed rn trio promistOry note of even date nerewrlA, herernalter menaonecf, together w•th interest thereon aril au other sums of money secured hereby as herernafier piovrded, the Mortgagor does grant, bargain, sell, alien, remise, release, convey and confirm unto the Assoc+aaon, in lee simple, th! lollowirg dexnbed real estate, of which the Matgsgor rs now strred and possessed and in actual possession, situace m the County of .St . Lucie State of Flarda, legally cfexnbed as follows _ 1 i ~ ' (See attached description.) - _ r 3 TOGETHER wdh all shuctwes entf uttprovMnems now and hereaher ore said land and the fixtures auached thereto. also together with all and s+rsgular the tertements, Lerectitaments, easements, npdrian rights and appur tenences thereunto belonging, or m any wise appertarmng, and the rents, issues, and profits thereof, and alto all the estate, nynt, hpe, interest aril all clmms and demands whatsoever, as well rn law as in eywty, of card Mortgagor m and to the same, and every part and Parch thereof, and also all gas end elecurc Intwes, ra[haton, heaters, eu conrhHOning eyugxnent, macMnery, boilers, ranges, elevators and motor S, bathtubs, sinks, water Closets, water cantina, pipes, faucets, and other ptumbmg and heetrny hstures, marttets, relnyeratiny peens and ice bones, window screens, xreM doors, venetian blinds. storm Shutters and awnings, which are now or met hereafter pertain ti or err used with, in or in total premises, even though they Ire detached Or detachable, are and shall Ire deemed to ere lixwres and accesvons to the freehold and a part of the reeky, and, d the atwve dexnlrerl property rs now Or shall hereafter be used to commegral Purposes, then she Iwmtwe and lurnrshmgsand any repldcemems thereat which may Ire owned by the Mttgagor and which are or may hereafter be located upon the alwve dexribecf property. TO HAVE AND TO HOLD the same, tiyetner with ate the es!at?-uynt,~le, interest, homesteaf, dower and rght o1 dower, separatt estate, possessron, clam aril demarxl vvhelsueve+, in law or m equity, nl the wut Mor tyagor ir. arxl to the same, ar~d every part thereof, unto the said Assocrauon m fee srmple. The Monguy+n hereby covenarts with the Association that the klor tyagor n mdeteasrbly seized with the attSOtWe and lee simPk ode to said property, and has lull power, an~.ti !awful aurninty to sell, convey, Hensler and mirtg,rge the same. that a shall be !awful at any time hereafter fa the Association to peaCeahly and quietly enter upon, have, hold erxt entoY nerd prc>trrny. -.rid every part thereat, that se+d property is free arxf dixha.ged Irom all bens, enCUmtxances, and claims of any kind, irrcludirg taxes and assessments, except the +ren herein, which is a fast lien tin Said property. that the htortyagor writ make such further assurani:es to perfect the tee sm+ple Hde to asst property .n the AssocreHr.n es may rr.nunably (re reyuue+f. and that the Mortgagor does hereby fully wan ant unto the Association the title to card Property and will defend same .r .unit the mar tgege claims and rfrmands of all persons whumicever. NOW. THEREFORE. the curxLhun it this mungage n such that d the Mortyayor shall well and uuty pay unto the ASSOCtahon, the irxfetitMlness rv~dentMf by that certain prumrssory note, of even date herewith, made by the Mortgagor and payable to the Assocrahin, m the pnrxitsal sum 0-1---- THIRTY-ONE THOUSAND----------------- dp DOLLARS i S 31 , 000.00 1, tuyether with niter eat as therein stared, payable over a term of 34g months, and shalt i,erfnr m, comply Nnih and a6rde by ea:h and every the sHpulatruns, eye ee+nents, conditions and covenants contained and set forth m this mingaye and m the promissory note secue:f hereby, then this rnur W,+ge .+rn.f the estate hereby createif shall cease anA Ire null and wed. TRANSFER OF THE PROPERTY; ASSUMPTION - lf all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior wntten content, excluding (a1 the reatron of a lien or encumbrance suuordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliances, (cl a transfer :~y devise, descent or by operaUOn of taw upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing an option so purchase, Asso..iahon may, at Assxiauon's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association ,!,all have waved such option to accelerate H, prior to the sale or transfer, Association and the person to whom the Property is to be sold or transferred reach agreement in svrihn9 that the uedrt of such person is satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall be .<t such rate as Association shall request. If ASSOCIdli011 has waived the option to accelerate provided in this Daragraph and it Mortgagor s successor in interest •~es executed a wraten ~ssunipttan agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage .,rid the Note. If ASSOCIalrOn exercrsessuch option to accelerate, Assouation shall mail Mortgagpr notice of acceleration. Such notice shall provide a period of not less than 30 days from the date the notice is ntail~cf within which Mortgagor may pay the sums declared due. If Mortgagor tails to pay such sums prior io the expira~ nr~•r of such period, Association may, without fwthei notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AND the Mortgagor does Hereby covenant and agree t To pay alt and singular lne prinapal nerd interest and other sums of money Payable by vacua of Said prom+ssory note and this mortgage. or either- promptly wr ine days respectively the same severalty become due 2 To pay an and singular the taxes. assessments other governmental levies. 6abihues. obbgauons and encumbrances of every nature on said described property and the related debt acqursriwn each and every when due and Datable according to law. before they become delinquent and. if the same shall not be promptly pawn trio Assocrauon may at any time. either before or after delinquency. pay the same w+thout waivrrsg or affecting the option to foreclose. or any right hereunder and every payment so made shall bear mterost from the date thereof at the rate of eighteen per cent I18?tl Per annum 3 Tnat ;ne Mortyagor wru keep all ren! and personal property now a hereaher encumbered by the l+er. of this mortgage insured as may be requned from time to .rr.e by the Asso:.iauon against Toss by fire windstorm and other ha>•ards. cawalues and contingencies for such periods and for not less than wch amounts as iris`. tie reyu~red by the Assocratwn and to pay promp;ly when due all premwms Ior such mwrance Mortgagor agrees to deliver renewal or replacement ul::_ yes o! any nature or replacement ceruhcates of insurance to the Assocrauon. at least ten (t 01 days prior to the expiration or anniversary date of the ex+sung poLues The amounts of insurance ragweed by the Assoc+ation shall be minimum amounts for which sa+d insurance shall be written and rt shall be incumbent ipon the Moriyagor to mamta~n such additional insurance as may be necessary to meet and comply fully with all co-insurance requnements contained m said t Iwi~c•es to me end that Bard Mortgagor is neL a co-insuror thereunder Insurance shall be wntten by a company or compan+es approved or des,gnated by the f Aswaauon and all pohaes and renewals thereof shau De held by the Assocrauon. All detailed desrgnatwns by the Mortgagor which are accepted by the ~ Assocrauon antl all agreements between Mortgagor and Assocrauon relating to mwrance. now ex+surtg or hereafter made. shall lse m vvtitirtg and shall be a part 7 it this mortgage agreement as fully as though set forth verbatim harem and shall govern both partees hereto and then successors and assigns No hen upon any 4 of Bard policies of insurance or upon any refund or return premwm which may be payable on the cancel!atron or termmatron thereof. shall be green to other than f[ ine Assouas,on except by proper endorsement affrxad to such policy and approved by the Association Each policy of insurance shau have afh¦ed thereto a `2 Standard New yerk Mortgagee Clause without Contnbuuon. mating all bas or bases under such policy payable to the Assocrauon ss its interest may appear !rr the event any sum or sums of money Decome payabl! thereunder. the Assocrauon shalt have the optwn to receive and apply Ihs same on account of the rn deb;edness hereby secured. or to permit the Mortgagor to racsrve and use it. Or any part t?sereof. w+[hout thereby waiving or impairing any equity. ben or right under and by virtue of this mortgage In event o! loss Or physical damage to the mortgaged property. the Mortgagor shall give rmmedrate notice thereof by mail ti the Association and the Assocrauon may make proof of bas rf the same is not made promptly by the Mortgagor In event of lorscbsure of this mortgage. or otner transfer o! title to the mortgaged property. in extrngu+shment of the rndebtedrteu secured hereby. all right. Itch and interest of the Mortgagor in and to any insurance policies then rn force shall pass to the purchaser or grantee The Mortgagor furttid agrees to abide by the rules and existing regulations of the Assocrauon. m connection with rsquued +nsurence coverage olths property harem encumbered . { 4 Paragraph 4 and ttsose wtuch follow era corttarrtsd on tM nvarN aids of t?tis mortgage and by rsfsrertce are irscwporstsd into tM body of this mortgage. The terms Mortgagor and Association, whenever used m this instrument, shall irtdude the heirs, personal representatives, successors or assgns of the respective parties Hereto. Wherever used, the singular number shall include [he Plural and the Otural the singular, and the use of any gender shell include all genders. IN WITNESS WHEREOF, these premises have been executed on the day and year first above written. Synod, sealed and delivered rn the Presence ol. _ ISEALI JOEL B. DENNIS a ISEALI PAULINE S. DENNIS t ~ ISEALI r ~ Q 1 D ~ ISEALI ~ ~ i Y . FI l ~ ? =mss ~~~~o f ` FLORIDA ~ STATQOF COUNTVOF MARTIN ..tic . ~~1N~~a y ~~11 Fist~i ct_5 ~ f , ~f .r ~ t was acknowledged before me this 1b day of Apri 1 , 19~ by ~~.fap0. k ~4 , O i and PAULINE S. DENNIS, husband and wif - o Q ' G Y ;;y~~i~?~ ~ Noayry P11~K, $titte Of ~Of1~~ M LENDER ' _ air a ay /i r~+er~uw Frr• 6 ..:ua+q Gcmp..y w 1 Notary Punic, Scats of (U~ ~ ~ 8t!'NtJ(•rJ P~Gf~~