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Home My WebLink About2558 , C-698A cr 60075-2 ~ THIS MORTGAGE INDENTURE E .rcuted this day of April . A-o . is 80. by We D. BROOKS and LEONA W. BROOKS, husband and wife party of trio first part Ihereinalta called Mortgagor 1, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a curpuration exisurig under trio laws of the United States of America, party of the second part IherernaltN catkd the Atsociation), WITNESSETN, Thai for divan good anti valuable consideiauons, and to secure the payment of the aggregate win of money named in trio Womissory note of even date herewith, hereinalta menlroned, together with rnterest thereon and all other wms of money tlCUred hereby as hertinaRer piovrded, the Mortgagor does yrant, baryam, sell, al,rn, remiil, release, convey ancf confirm unto the Association, m let sur?pk, tfi! foUOwirtg described real estate, of which she Matgagor n now seiitd and potsessed and m xwJl possession, siluate m the County o1 ST ~ LUC ITs 9 State o1 FlwrdaAllegally descnl,ed as h,tlows RooM~ • . • ~ ~ Vy SES LEGAL DESCRIPTION ATTACHTsD a Dw 0~ CIM~ NC.. htbH0blihff0~IR1;t'0p;!Ni vurwalM To Ch~pb~ 71.154. /lob O~ ~ ~ G, `T ~ Roc~R POITRAS ~ter~ Ctrcult Court. St. tflcie. Co.. Fls. CJ~'~ TOGETHER wnn au shuctwes Jncf improvements now and hereafter on seed land and the fixtures attached thereto, also together with all and angular the tenemrms, nrreduamems, eesrntems, riparian rightt arscf appurtenances thereunto txrlonging, or m any wise appertarning, and the rents, issues, and piolits thereof, and also all the estate. ~,qhi, tale, imerest and alt NJims Jncf ckmands whatsoever, as well m law as m equny, of said hlortgagor in and to the same, and every part and parch thereof, and also au yes Jn.! electirc Intwes, radiators, heJten, mr corxfitiomrg egwpment, macMnery, boilers, ranges, elevators and motors, Isathtubs, sinks, water closets, water basins, prpls, l.r,,.ets, Jnd other ptumliing Jnd heating fixtures, mantels, relnyeratiny plans and ice bOxK, window xreens, SCrtiM doors, venetian Obnih, Storm shutters and awnings, which .err now ur may herrJlter per tam tour err usetf wnh, in or on SJid premises, even though they be detached or detachable, are and shall be deerrtetl to tie lixtwes and accestruns to ilia fieehold and J part of the realty, and, d the atsove descntxd property is now or shall hereafter ere used for cOmrrtercal purposes, their the fwndure and lu. nishrngs Jrid any replacements thereof vvhrch may be owned by the Mortgagor anet which are now or may hereafter be located upon the above dqu:rbltl property. TC HAVE ANO TO HUED the same. tuyetner mth all the estate. right, tale, imerest, homestead. dower and rght of dower, sefsaraleestate,possession,clJimaritf ,frn,arxl whetsuevrr, rn law or m egwty, of the serif MurtgayOr m and to the same, and every part thereof, unto the said Auoc!auon m tee srmpk. ilia Mortgagor hereby covenants with the Association that Me Mortgagor is mcfefeapWy sated with the at7i0lute and fee srmpk trek to saxf property, and has full power, Jn.: lJwlul authumy u, sell, convey. trensfri arxf monyJge Clio same. Chill it shall bC lawful at any tune hereafter for the Association to peaceably and quietly enter upon, n.,,r, hi.til and entuy sJrd pruprrty, anti rvrry pJrt Cheroot, that said property is free aril dischmgetl from all Irons, encumbrances, and clams of Jny kind, including tames and .,+srssments, raept the hrn hrreUl, whrdi n a lust hen on card property, that the R1or[yayor writ make wch further assurances to perfect thr lee simple title to card property , ,n +nr Assucwt,+iri Js may reasunJWy tit rrywred. Jnd thJt trio Alortgayw does Hereby fully wanam unto the Association the title to said property end will cklend same , r ,~nst the mor tyayr ctmms ,rrxl drnwnds of ,d{ persons whurnsoeva. NOW, THEREFORE. the cundrtwn o1 this mortgage rs such that d the Mortgagor shalt well and truly pay unto the Associatan, the indeWldness -.~•!encerl by that ce~tem protnissuiy note, of even date herewdh, made by the Mortgagor and payable to the Association, in the pnrtiapal win ..,FORTY FOUR THOUSAND, FOUR HUNDRED FIFTY and NO/100------------------- oo~l_ARs s 44 , 450 a 00 together with rnterest as therein stated, payable over a term of 348 months, and shall ;,r• f:.i m, comply with Jnd Jtade by rxh end rvrry thr strpulatwns, Jyi eements, conditions Jnd covenants contained Jnd set for th m this mor tgJye and m the promissory note ,red hereby, then [firs mor tyJye and the estate hereby created shell cease and be null and void. TRANSFER OF THE PROPERTY; ASSUMPTION I f ell or any part o1 the Property or an interest therein is sold or transferred by Mortgagor without Associatior.'z prior written consent, excluding lal the irJtron of a lien or encumbrance subordinate to this Mortgage, Ib) the creation of a purchase money security rnterest for household appliances, Ic) a transfer . devise, decent or by operation of law upon the death of a ~omt tenant or ld) the grant of any leasehold interest of. three years or less not containing an ~,i,;,tin to purchase, ASSOCId[IOn may, at Associations option, declare all the sums secured by this Mortgage to be immediately due and payable. ASSOCIahon ,nJI~ hdVC' wJi s~ed such option to accelerate if, ~priw to the sale or transfer, Association and the person to whom the Property is to be sold or transferred reach ,yraenient in wrdmy that the credo 01 such person is satisfactory to Association and that the interest payable on the wms secwed by this Mortgage shall Ue s,ich rate as Association shall request. If Association etas waived the option to accelerate provided in this paragraph and if Mortgagor's successor in interest na> rxecuted a written asswnption agrrenient accepted in writing by Association, Associa.ion shall release Mortgagor from all obligations unoer this Mortgage en:f the Note. ' if Asocrationrxrrcrsessuch option to accelerate, Association shalt mail Mortgagor notice of acceleration. Such notice shall provid2 a period of not less than 3u days 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 expira~ . 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 spree ~ - 1 To pay all and singular ilia principal and rnterest and other wms of money payable by vutue of sand promissory rate and this mortgage. or either. promptly on - the days respectively the same-severally become due ? To pay all and singular the taxes. assessments. other governmental levies. liabilities. obligations and encumbrances of every nature on said described property and the related debt acquisition each aril every when due and payable according to law. before they become delinquent and. if the same shall not be promptly paid the Association may at any time. either before or after delinquency. pay the same without waiwng or affecting the Option to foreclose. Or any right ~ Hereunder and every payment so made shall bear interest from the date thereof at the rate of eighteen per cent 118?61 per annum c Tf 3 Tnat the Mortgagor will keep alt real and personal property now or hereaher encumbered by the hen of this mortgage insured as may be required from time to ~ p [n t. me by me Association against loss by fire. windstorm and other ha>•ards casualties and contingencies for such periods and fa not less than wch amounts as 'o ~ ~ ~ may br reywred by the Association and to pay prompay when due all premiums for such inwrance Mortgagor agrees to deliver renewal or replacement O 7- txraues of any nature a replacement certificates of inswance to the Association at least ten (101 days prior to the expiration or anniversary date of the existing s ~ ~ i,ubaes The amounts of insurance regwred by the Association shall be minimum amounts for which said inwrance shall be written and it shall be tricorn nt i ~ ~ rMvs upon ;he Mortgagor to maintain such additional insurance as may be necessary to meet and comply fully with all co-insurance regwrements contained m said ~ i-'~ -a po~,~ies to the end that said Mortgagor is not a co-msuror tMreunder Insurance shall be written by a Company or comparnss approved or de:,pnated by the ~ ,o Association and all polices and renewals Cheroot shell be held by the Association All detailed designatans by ttte Mortgagor which are accepted by the V -7 Association and all agreements between Mortgagor and Associatan relating to inwrance. now existing or hereafter made. shall be rn writing erred shall be a pan -F _ of this mortgage agreement as fully as though sat forth verbatim Mrain and Shall govern both parties hlroto and their successors and assigns. No hen upon any - ; L of card polices of insurance or upon any refund or return premium which may be payable on the csncellatan or termination thereof, shall be given to other than 1 the Association. a:teat by proper endorsement eNued to such policy and approved by the Assocution Each policy of iruurance shalt have affixed thereto a I i t Standard New York Mortgagee Clause without Contribution, malting all bas or losses under such policy payable to the Associatan as its rnterest may appear 11 - ~ to the event any sum or sums of money become payable thereunder. the Associatan shall have the optan to receive and apply the same on account of ttte m- - ~ ~ debtedness hereby secured, o. to permit the Mortgagor to retsive and use rt. or any part thereof. without thereby wamrtg or impairing any equdy. hen or right - 7 N under and try virtue of this mortgage In event of bas M physical damage to the mortgaged poperty. the Mortgagor shall give immediate nOtite thereof by mad . to trio Association and trio Associatan may make proof of bas ii the same is rat made promptly by the Mortgagor In event of forscbwre of this mortgage. or 7 other transfer of title to th0 mortgaged property. in exbngwshment of the rndabtedneu secured hereby, all right. title and rnterest of Cleo Mortgagor rn and to - - any insurance polices then m force shell pass to the purchaser or pgntee The Mortgagor further agrees to abide by the rules and existing regulations of Cleo ~ Association m connsctan wdh rsgwrsd insurance Coverage of the property Mrsrn encumbered , 4 Paragraph 4 Ind those which (dlow are contained on Cleo rwerfls side of CMS mortgage and by reference are incorporated into tIN body of tMs mortgage. The terms Mortgagor and Association, whenever used m Mn mprument, shall irtNude the Iseirs, personal representatives, wccessors or assigns of the respective parties Hereto. Wherever u4d, the singul~nnumber shall Intl the plural and the plural the singular, and the use of any gender shall include all genders. 1N WITNESS EREOF, s premises have n executed on the day and year fast above written. Sgned, f<ijed and irSjlil At presence of 1~~/~j~ l~l~~~ ~ (SEAL) _ - W - D. BROOKS ''yj! • - ISEAU NA W . BROOKS ~ - = ~ ~ (SEAL) • ~ ~ s ~i ` ARIZONA ~ ~I.CL'C~f~s.~ ~V STATE OF - COUNTY OF--~IL-L- c - r. r ~~l' i A nil 80 r' • The foregoing instrument was acknowledged Ixtare me CMS daY of p _ , 19- by 6l~' t f T:~ . D, BROOKS and LEONA W, BROOKS, husband and wife. t:~" S --"'l IENOER ~ "orrl'iti''~+n?I ~x~+reS ;'err I., 1981 Z ~L L/Jv f r My commissan expires - 19 ~ ~ ARIZONA Notary Public, State of ~ n 3+t'1K •J2J PAGE ~~~V