The URL can be used to link to this page

Home My WebLink About1272 C-?2?A kc 4~49;~5 ~o • THIS MORTGAGE INDENTURE E xlCU[ed this 25 day of Apri 1 . A.D.. 1980 . by ' ` HJALMAR GRANSKOG and LSA GRANSKOG, husband and wife p~~ party of tM first part (hereir?alta celled Mougagal, a CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION (1t~" a corporation exisurq under tM taws of the Un+ted States of America, party of tM second par 1 (heroinaltorr called me Astwc+suon), WITNESSETH, Tlist for d+vNS good and valuatak considerations, end to secure tM payment of the aggregate vein of mazy named in the p+om+ssory note of even date herewith, Mrernalter mentioned, together vr•th interest thereon aril all othd sums of money setuied Mreby as hereinattei provided, the Mortgagor does grant, buga+n, sell, alien, rem+se, release, convey and confum unto the Assocrstron, in Ise srmpN, the following described real estate, of which tM Mortgagor is now sewed and possessed and rn actual possession, s+wate in tM County of St • Lucie Sute of Florida, legally deuntted as lolbwt: . ,r- r_ . - (See attached description.) ; . ~ , L ~ - - ~ TOGETHER w+th all structures and +mprovements now and hereafter on said land and me fixtures attached thereto, also together with alt and singular the tenements, heredkaments, casements, riparian rrgfits aril appurtenances thereunto faelong+ng, or rn any verse appertam+ng, and the rents, issues, and profits thtreol, and also alt the estate, right, title, interest and all clams and demands whatsoever, of well rn law as in equ+ty, of said Matgaga in and to the same, and curry part and parcel thereof, and also aft gas and elecu+c hxtwes, radiators, heater, au conditiomrig eyu+prnent, machinery, bo+lers, ranges, elevators and movers, bathtubs, s+nks, water closets, water taasms, pipls, faucets, and other plumlaing and heatkag f+x turK, mantels, rehrgcratrny plans and rte boxes, w+rdow a~reens, screen doors, venetian bl+ndf, storm mutters and awn+ngs, iMhich air now or may hereafter pe+tein to or tae used with, in a tin fa+d prem,tes, even though they lore detached w tlelachalale, are and mall tx! deemed to la! t+xtures and access+ons to the IreehoM and a part of the realty, and, d the dtiove described property s now or mall Mrealttr tae used for commercial pu+poses, then tM turn+ture and lurmshings and any replacemems.tfiereof which may lore owned by tM Matgayor and v+Ra+ch arc now or may hereafter be iocated ulwn the above descr+fxd property. TO HAVE AND TO HOLD tM same. together w+th all the estate, right, bUe, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, in law Or rn eyu+ty, of tl+e saki Mortgagor +n and to the same. and every part thereof, unto the sa+d AssoCiatrOn +n fee simple. The Mortgagor hereby covenants w+th the Association that the Mortgagor n indeleas+Wy set"ed with the absolute and fee simple trite to said property, and has lull power, and Wwlul authority to sell, convey. uansler a+kf mortgage the same. that rt mall tae rawtul at any rime hereafter tot the Assoc+atwn to peacealaly ancf yu+etly enter upon, rave, kohl a+xf enjoy sa+d property, and curry part ttrereof, that earl property s free and d+schargrd hom all liens, encumbrances, and claims of any k+nd, irKliading lazes and assrsuiaents, except the hen heieof, which +s a first hen Carr card property, that the Mortgagor will make wch further asswaraces to perfect the fee simple t+Ue to card prtape+ty n. the ATSOCiaUOn as may seasonably tae reywretl, and that the Mo+tgayor dues hereby fully warrant unto tM Assocwtion the true to saki pioperty arkl will defend same +.f,,+nst the mor tgage clams arxf demands of all persona whomsoever. NOW, THEREFORE, the condsuon of this mortgage is wch that A the Mortgagor matt wrell and truly pay unto the Association, the +ndebtirfness e~.~dericed by that cenam promissory note, of even date herew+th, made fay the Mortgagor and payable to the Associatwn, m the pnr+tipal win ;;t---------FORTY THOUSAND------------------ DOLLARS ; i54O , OOO . OO 1, together with +merest as theiein stated, payable over a term of 3Y0 months, and mall } r,e+~orm, comply w+Ih and abide by each and every the stipulations, agreements, cord:uons and covenants contmned and set for th m thri mungaye and m the promissory note set ureif hereby, then this mortgage aril the estate hereby created shall cease Brad Oe 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 (a) tM raaUOn of a I+en or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliances, Id a transfer t.y devise, ticscent or by operation of law uJOn the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing an upt+ut to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to fore immediately due and payable. Association strall have waived such option to accelerate if, prior to the sale or transfer, Assxiation and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person is satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall lore ,rt such rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and it Mortgagoi s successor in interest core executed a written assumption agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage and the Note. tf Associatiortexercisessuch option to accelerate, Association shall mail Mortgagor notice of acceleration..$ucA notice shall provide a period of not less than 30 clays from the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior to the expira- r~r,r, of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AND.the Mortgagor does Mreby covenant and spree 1 To pay all and singular tM principal and interest and other sums of money payable by v+rtue of sad prom,ssory rats and this mortgage. or esther. promptly on the days respeGlrvely tM same severally bsoome due 2 To pay all and singular tM taxes. sssorssmsnts. other governmental lev+ss. Irsbriities. obtigat+ons and encumbrances of every nature on sad described property and the related debt acgwsitan each and every when due end payable sccwding to law. before they become debnquent arid. if tM same shall not bs promptly pmd tM Assocrabon may at any Ums. ed4ter before or after delinquency. pay tM same wufiout waivsng or affecting tM option to foreclose. or any right Hereunder. and every Payment so made t:ftall bear interest Irom tM date tMreof at tM rate of eighteen per cent I1fi~ per annum 3 Tnat tM Mortgagar will keep at1 real end porrsatsl property raw or Mrssher encumbered by tM hen of flue mortgage rrtsursd as may be regwred from time to time by the Association against bas by Ere. wirdstorm and other hazards. cawalties and contingencies for such periods and for not Less than wch amounts as n+ay be required by tM Association and to pay promptly when due alt premlumi for such rnwrance Mortgagor egress to deliver renewal W replacement policies of any nature or replacement certificates of inwrance to tM Assocratron_at least ten 1101 days pray to tM eaprstion or anniversary date of tM existing pc,hc+es The amounts of rnwrance regwred by the Association shalt tier mm+mum srtaunts for which card +nsursnce shall be written and rt shall be irxumbent ~ upon the Mortgagor to marnts+n such additional rnsursnce as may W necessary to meet and comply lolly w+th all co-+nwrance requirements contained in sad policies to the end that sail Mortgagor rs not s co-inwror tMreunder Inwrsnce shall be written by a company or compan+es approved or despnated by tM j Associatron and all pdraes and rsnewats thereof sMll be Mb by tM Associatron All detailed desrgnat+orts by tM Mortgagor which are accepted by tM I Assoc+abon and alt sgreemsnts between Mortgagor an0 Associatan retorting to rnwrance. raw ex+sbng or hereaher made, shall be rn venting and shaft be a part of fns mortgage agreement as fully as Haugh set forth verbsbm Mrsm and snail govern both parties Mreto end thew successors and assigns. No hen upon any of said policies of insurance n upon any refund or return prem+um which may bs payable on tM cancellation Or term+nation thereof, shall be g+ven to other than the Assixiauon. except by props endorsement sflusd to such policy and appoved by tM AasOCratron Each pokey of insurance shall Mva aHued thereto a Standard New York Mortgagee Clause without Contributrort, rrukirtg all bas or bases under such policy payable to tM Association as its interest may appear - In the event any sum a wins of molly become payalab thereunder, tM AssoCratan shall Mve tM option to receive and apply tM same on account of tM +n- debtedness hereby secured. or to psrm+t tM Mortgagor to receive and use rt. or any part thereof. w+tlaut thereby waning or impairing any equity. hen or right under and by virtue o1 th+s mortgage In orwnt of loss or physical damage to tM mortgaged property. tM Mortgagor sMll g+vs immordate notice thereof by mad to the Association and tM Association mory make proof of bas it tM same is rat made promptly by the Mortgagor in event of foreclosure of this mortgage. or other transfer of titb to tM mortgsgord property. m extrnguifihment of tM indebtedness secured Mreby. sIl right. trtb and integer of tM Mortgagor m and to ~ any rnwrance pdicies then tit force shall pass to tM purchssorr or grantors. TM Mortgagor further agrees to abide by tM rules and exrstrng regulations of tM Association rn connection with requtred mwrenes coveragor of tM property Mrsm encumbered. 4 Paragraph 4 end those which folbw are contused on tM nwree ardor of this rrartgagor end by reforrorrtts an utcorporatord into tM body of this rtttt+rtgsge TM terms Mortgagor and Association, vahenever used m this instrument, shall include tM Mks, personal representalrves, wccessorf or assigns of ill respective parties hereto. WherevN used, the singular number mall +nclude th! plural and tM plural the singular, and tM use of any gender mall include all genders. IN WITNESS WHEREOF, these prem+ses have Men executed ore tM day end year first above written, I s -seated ar+d delivered rn tM preftnc! Ot. - % SEALI ~ ~~~~KOG ISEAL) ' LSA GRANSKOG _ ISEAL) ~ ISEAL? ~ ' STATE OF FLORIDA COUNTY OF MARTIN . ~ ' ~ ~ kt The loregorrig instrument was acknowledged txf'ae mor the ``5 day o1 APr i 1 . ,g 80 by f tra~i ~ f~~> HJALMAR GRANSKOG and LRA GRANSKOG, husband and wife `~r= ~ }`l'~--~°-~ - t 0-~'. NOTARY PIIBIIC STATE OF fLORIDl1 AI LARG6 t: R My commission exp+res ~.1RE~-N~V 1~ 198 ~ • ~ ~ `T' ~ ~ ,~„r,ri.0 inRU GENERAL lN~ ~ fJCIQEgWBIIfibs ~ ~ , Notary vtraic, star. of FLORIDA+~ ~ ` `RS;, - - ~ 'r ` a~ 330 p~~E 1264 - -