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HomeMy WebLinkAbout2713 C-?40A cr 60868-2 ~ THIS MORTGAGE INDENTURE j 0 E.ecuted this 21 dayol April . A.D..1s $0. by q~~~. , / HANNA J. JOSEPH party of the lust part Iheuwher cawed Mortgagor, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation eating under the Taws of the United States of America, party of the second part (heranaltN called the AssocisuoN, WITNESSETH, That la divNS good and valuable Ctxssderations, and to secure the payment of the aggregate vein o1 money named in the promissory note of even date herewith, hereirsaher mentioned, together with interest thereon and all other sums of money secured Mreby as heranatiN Provided, the Mortgagor does grant, bargain, sets, alien, remise, release, convey and conlum unto the Astocratwn, in leifes svnpte, tM following dexnbed real esuq, of which the Mortgagor n now sawed and possessed and in actual possess,on, situate m the County of S1 . LtJC IE 39~ State of FlAa~rda, legally dexnbed as follows , ~ ~ Of 7~ P ow on qw ••c•• im.~rei. Psi koo.Fer, - r r~' (See Legal Description Attached) 'yny~M Te cMptw 71r tyt„ Aga Of 1~I1. ' 0 ROOEIt ~Of11111~ OIMIt ~ Ow4 ~t L~ 0~e!!a TOGETHER with all suuctures and improvements now and hercatter on said land and the Natures attxhed thereto, also together with all and s,rsgvilar the tenements, nereditamenn, easements. riparian rights and appurtenances tlsereunto bNonging, Or m any verse appertaining, and the rents, nstres, and proles thereof, and also all the estate. ~ynt, tale, interest end all claims and demands whatsoever, as well m law as in equity, OI said Mortgagor in and to the same, and every part and parcel thereof, and also all gas electric h><twes, raetiators, heaters, au conduiomng egwpment, mxhinery, boJen, ranges, Nevstors and motors, bathtubs, sinks, water clostts, water barns, pipes. Li~cets, and other plumbing and heating h.tur es, mantels, relrigeratin9 plans and ice bOClS, window x:reens, xreen doors, vtnetian bhndf, slam shutters and awnings, whrth :;r r now or may hereafter pemm~ to or !re used with, m or on sad premises, even though they be detached Or detxhatile, are and shall be deemed io be Nrtwes and accessions to the freehold and a part of th! reeky- and, it ttie above dexnbed property is nave Or shall hereafter be used IOr commeccwl purposef, then tree turmture and furisishings and any .eplacements thereof whKh may Ge owned by the Mortgagor and which are now or may hgealter be IOCated upon the above dexnbed property. TO HAVE AND TO HOLD the same, together with all the estate, right, title, interest, homestead, down and right of dower, separate estate, possession, claim and c+rmard whatsoever, in law or m equity, of the said Mortgagor m and to the same, and every part thereof, unto the sad Assocwtion m tee simple. The htor tyaW,r hereby covenants wnA the Association that the Mortgagor is indefeasibly seized with the absolute and lee simple tick to said property, and has lull power, erv+ iavtut authority a, sell, convey, uans4r and mortgage the same. that it Shat) be lawful at any tr/ne hereahez for the Association to pexeabty and quietly enter upon, H.r.e, hold and eo~uy said property, arxf every part thereof, that said property is tree and dixharged Nom all liens, encumbrances, and claims o1 any kind, including raves and .»x•ssrnents, r.crpt the hen hereof, wfiKA is a tint hen tin said property: that the Mortgagor wdl make such.lunher assurances to perfect the lee simple tick to card pruplrty !hr ASSlK1atlUli as may reasonably be requned_ and that the Mortgagor does hereby fully warrant unto the Association tAe title to said property and veil! defend same ,.;.,~nst the mortgage clams end demands o1 all persons whomsoever. NOW. THEREFORE, the corxlrtrun of this mortgage is such that d the Mortgagor shall wren and truly pay unto the Association, the rndebttedrsess .~dencerf by that certa,n prumrssory note, of even date herewith, mad! by the Mortgagor and payable to the AssocralrOn, m the principal sum '+------SIXTY NINE THOUSAND, SIX HUNDRED and NO/100---------------------DOLLARS ~ S 69 , 600.00 1, together with interest a: therein stated, payable over a term of 34g months, ancf shall {>z• term, cornpty with and skids by each antf every the ahpulations, agreements, conditions and covenants contained and set forth m this mortgage ancf m the promissory note +ri tired hereby, wren this mortgage end the sclera hereby created shall lease and be null and void. ~ TRANSFER OF THE PROPERTY: ASSUMPTION It all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding (al the . reatiori of a lien or encumbrance subordinate to this Mortgage, Ib1 the-creation of a purchase money security interest for household appliances, Ice a transfer :.s, .revise, descent or by operation of taw upon the death of a point tenant or (dl the grant of any leasehold interest of three years or less not containing an ~.ution to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable. ALLOCIatIOn ,nril hove .valved 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 ;:lreen,ent m writing that _the uedit of such person is satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall be +f s,rch rate as Ass.iciation shall request, 11 Association has waived the option to accelerate provided in this paragraph and i1 Mortgs8or's successor in interest ~~,es executed a written assumption agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage dnd the Notr. It Associationexerusessuch option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not less than io days-from the date the notice is mailed within which Mortgagor may pay the sums declared due. It Mortgagor tails to pay such fume prior to the expire ..n of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof_ AND tree Mortgagor does hereby covenant and agree 1 To pay all and singular the principal and mtsrsst and other wins of money payable by nrtw Of said promissory rota and the mortgage. or either. promptly on the days respectively the same severally become due 2 To pay a1~ and singular the taxes. assessments. otMr governmental lanes. liabilities. Obligations and encumbrances Of every nature on said described property and the related debt acgwsitwn each and every when dos and payable atcordtng to law. before they become delinquent and. d tM same shall r10t bs promptly pa,d the ASSOCiatiOn may at any time. either before or after dshrsqusnCy. pay the same without wainrsg or aMecting the option to IOrecbse. Or any right hereunder. and every payment so made shall bear mtsrsst from.tM date thereof at the rate of eighteen per cent 118%1 per annum 3 Tna! the Mortgagor will keep all real and personal property now a hereafter encumbered by the teen of this mortgage inwred as may be require0 from time to - b rr,r by the Association against loss by tire. WirdllOfm and Other hatardl. GSOalUQS and COrltiOgenGiel for such periods and for fiOt less than loch imtwntS as mac be ragweed by the Association and to pay promptly when due all premwms for wch insurance Mortgagor egress to deliver renewal or replacement uu~~c yes o} any nature or replacement certdicates of inswance to the Association. at least ten (101 days prior to the etipirauon a anniversary date of the etcisbng puhves The amounts of insurance regwred by the ASSOCistwn shall Ix minimum amounts for whch said inwrance shall be written and it shall be incumbent f r,pon the Mortgagor to maintain such addroonel msurancs as may De necessary to meet and comply fully with all co-inwrance requirements contained in said pot~c,es to the end that said Mortgagor is not s co•insuror thereunder InwranCe shall M written by s company a cornparvss approved or dssiprsated by the Association and all pot~aes and renewals thereof shall be held by tM Association An detailed desigrtations by the Mortg:go? wfwch are accepted by the Association and all agreements between Mortgagor and Assocmbon relating to insurance. now eaisung or hereaher made, shalt be in venting and shall be a part or this mortgage agreement as fully as though set forth vsrWtim Mrsm and shall govern both parties hereto and then succssso?s and assigns No lisp upon any nr said policies o1 insurance or upon any refund or rsturri premium which may be payable On the cancellation Or termination thereof. shall be given to other than fns Assocratron etcept by proper endorsement affr:sd to such policy and approved by tM Association Each policy of inwrance shall haw aNi:ed thereto a Starrtdard New York Mortgages Clause without Contnbutwn. making all bas or bases under such policy payable to tM Association as its mtsrsst may appear In the event any sum or sums of money become payable thereunder, the Assoaatwn shall haw the option to receive and apply tM same on account of the im debtedness hereby secured. or to perm4 the Mortgagor to receive and use it. or any part thereof. without tMreby warring or impairing any equity. Men or nght under and by vntue of fin mortgage In event of ties or physical damage to the mortgaged property. tM Mortgagor shall give immediate notice thereof by mad to the Association and the Assocution may make proof of ties if the same rs not made pomptly by the Mortgage in event of forecbwrs of the mortgspe- or other transfer of title to the mortgaged property. in etctirsguishment of the indebttadness secured Hereby. all right. title and interest of tM Mortgagor in and to any insurance policies then in force shall pass to the purchaser Or grantee The Mortgagor further agrees to abide by the rules and ettisting regulations of the Association. rn connection with required insurance cOVerage of tM property Main encumbered 4 Paragraph 4 and those which folbw an conuined on tM rwase Hide o/ this mortgage and by rebnrsa are a!corporated into tM body of this mortgage. Tne terms Mortgagor and gssociatwn, whenever used in this instrument, shall include tM Mirs, pNSOnaI representatives, wcassors or sssgns of the respectivC parties Hereto- Wherever used, the s I r number all include the plural and Ilse plural the singular, and tM use of any gender all include all gtenders- IN WITNESS WHER F, t se hm been e¦ecuted ors the day and year first shove written. - Signed. se ed s ver in _ j / ~ v ISEALI \ ' - • =%a'~ k ISEALI `s . ~ . ^ = tSEAII - ~ ISEALI S j \!v 4 STATE OF FLORIDA COUNTY Of MARTIN 1 The foregoing instrument was acknowledged before rise this ?al day o1-AP~11 , 194LSL_ br ~ 1s ~i HANNA J . JOSEPH LEI ~ J _ LEND R ~ j My commission acputs--- ' 111 MALIC RATE OF FLORIDA AT lI1RGE FLORIDA AAIf COMMISSION EX?IRfS AUG.9 1981 Notary ?trblic, Slats of fOP10ED 1tfRU r.FNfRAI INS i)NDfRW'RITERS ~ ~~~x329 Y~G~27ii