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Home My WebLink About1321 C-?36A cr 63028-8 ~ ~ THIS MORTGAGE INDENTURIE ~ E,ecuttd thrs 28' . wy Of April . A.D., tg so, by ~~4943 RALPH J. BAKER and VIRGINIA l~. BAKER, husband and wife' party of the fast part (htrerruhtr called Alatgagurl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation exrsur?g urde~ the taws of the United 5utes of Amtrrca, party of the record part Iheranalter called the Auocutron), WITNESSETH, That for drvas good and valuabp consrdNauons, and to itcure thf payment of the aggregate vein of money named m the prumrisory note of even date herewsth, heranalter mentioned, together with rnterest thereon and all other wms of money secured hereby as hegrnaltp provrdtd, the Mortgagor dots grant, bargain, sell, alien, rtmrfe, repast, convey and confirm unto the Assocration, rn lee swn~plTe/,~the following darer rbed real estaN, of which the Mortgage rs now seried and possessed and m actual possession, situate m the County of ST a LUC I$ State of flarefa, legally described as follows: - ~ (See Legal Description Attached) ~ : ' I . ~ : ~ ~ r~.' ,A ' ' ' ` - ~ r ..r J .~i. ~ U ' Z ~ t . i-r ~ TOGETHER with all structures and rmprovemMts now and ftlrealtN On said land arxt the uxtures attached thereto, alw together vwth all and srngulm the tersements, neredrumems, easements, riparian rights and appurtenances thereunto bNongrng, or m any verse appertamrng, and the rents, issues, and profits thereof, and also all the estate. right, true, rnterest and all clarms and tfemarxls whatsoever, as well rn law as in equity, of sad Mortgagor m and to the same, and every part and parcel thereof, ancf also all 9M and ekcurc Irxtures, radiates, heaters, au condruomrsg tgwpment, machirsery, boilers, ravages, elevators and motors, bathtutss, sinks, water closets, water basins. prpK, faucets, and other plumlrrng and heating Irxtures, mantels, refirgerating plans and ice boxes, window s.:reens, screen doors, venetian blinds, storm shutters and awnings, whrch i are now car may hereafter pertain to or be used with, rn or on card pre/nrseS, even though they b! detached a detachable, are and shall lsedeerrrecf to ere Irxtures and accesvons ~ to the freehold and a part of the realty, and, d she above rfescnlaed property is now a shall hereafter be used for commerual purposes, then the Iwmtwe and fwnrshusys amf any replacements thereof vyhrch may Ire owned by the Mortgagor and rnhrch are now or may hetrealter tx located upon the above dcscritred property. TO NAVE AND TO HOLD Use same, tUgelher with all the estate, r.yht, titre, rnterest, homestead, dower and right of dower, separate estate, possession, claret and :kmsm! whatsoever, rn law or rn equity, of the sarcf Mortgagor rn and to the same, and every part thereof, unto the said Assocration in fee simple. The Mortgagor herNry covenants with the AssOCratrOn the[ the Mortgagor K rndefeasrdy seized with the absolute and lee srmpk title to said property, and has tut: power. anal lawful authority to sell, convey, transfer and mortgage the same. that a shall be lawful a any came hereafter fpr the Assocration to peaceably and ywedy enteY upon, nave, hold and entoy card property, arrrt rvrry part thereof, that card property rs tree and rirscharged from all bens, encumbrances, end clarms of any kind, rnclrrdrng [exec and assessments, except the hen hereof, whrch rs a fast ben err said property. that the Mortgages will make such further asswarrces to perfect the fee smsple tick to said property .rr the Assocration as may reasonably ere requuerf, and that the Mougayor does hereby fully warrant unto the Assocration the ode to nerd property and wdl defend same r.t.,,nst the mortgaye clarms arid demands of ell persons whomsesever. NOW, THEREFORE, the corxtrtiun o) tMS nwrtgage ~rs wch that d the Mortgagor shall well and truly pay unto the Assocration, the indebtedness evrdencetl by that certain promissory note, of even date herrwrM, made by the Mortgagor and payable to- the Assocration, m the pnrscrpal win FIFTY FIVE THOUSAND, SIGHT HUNDRED DOLLARS E Is 55 80Q t OO 1, together with interest as therein stated, payable over aterm of ---__-348_____--__-- months, and shall i rte, lorm~comp y with amt at»ck by each aril every th! strprrtauons, agreements, condrtruns and Covenants contarrreal and set forth m thn mar tysge and m the promissory note secured hereby. then this mcrtgmte amf the estate hereby created shall cease and be null and vod. - TRANSFER OF THE PROPERTY; ASSUMPTION If all or any part of the Property or an interest therein iz sold Or transferred.by Mortgagor without Association's prior written consent, excluding la) tM :creation of a ben or encumbrance subordinate to this Mortgage, Ib) the creation of a purchase money security interest for household appliances, eel a transfer try devise, descent or by operation of taw aeon the death of a joint tenant or Id) she grant of any leasehold interest of three years or less not containing an a#a#y# caution to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association shall have waived such option to accelerate if, prior to the sate 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 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, tf Association has waived the option to accelerate provided in this paragraph and if Mortgagor's successor in interest { >>as executed a written assumption agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage .,rice the Note. If Associationexrrcisessuch option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not less than ~ 30 days from the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor faits to pay such sums prior to the expira- riun cat such period, Assocration may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof, AND the Mortgagor does hereby co+snant and agree 1 To pay all and srrsgular the principal and interest and other sums of money payable by virtue of Bard promissory note and teas mortgage. or either. promptly on the days reSpCCt:vely the same severally become due r t 2 To pay all and singular the taxes. assessments. other governmental :eves. Irabrlrires. obligations and encumMances 6f every nature on card described property and the related debt acgwsrtron each and every when due and payable according to law. before they become delinquent and. d the same shall not be promptly paid. the Assocration may at any bete. sillier before or slier dehnquerKy. pay the same without warring or aNecung the Optrpn to lortrcbse. w any right hereunder. and every payment SO made shall bear rnterest from the date thereof at the rate of eighteen per cent 11$'K,) per annum 3 That the Mortgagor writ keep all reel and personal property now ear hereafter encumbered by the Iron of the mortgagg insured as may be required from bete to time by lire Assocration against loss by fire. windstorm and other hazards. usualues and conurrgencres for wch periods and for not pas than such amounts as may be required by the Assocration and to pay promptly when due all ptemrums for such rnSUrarKe Mortgagor agrees to deliver renewal a replacement policies of any na[we or replacement certdreates of mwrancs to the Assocration. at least ten I10! days prior to the expuauon a anniversary date of the exrsung ' ~ policies The amounts of rnwrance rsquued by the Assocsstron shall be mrrxmum amountsTa whrch said mswarsce shall be whiten and d stall be rrtcumbent ' n utwn the Mort a r to marntsrn such addrtronal rnsurarsCe as visa b0 neceSSa to meet and c ful with all co-rnwrance r 9 go Y ry or*+p1Y h egwroments COntairred m Sad v policies to the end that card Mortgagor rs not ~ co-tnsuror thereunder. Insurar+ce shat! be written by a company or companies approved or designattsd by the J Assrxrauon and an policies and renewals thereof stud be freed by the Association All detarkd designations by the Mortgagor which are accepted by the ~ Assocration and au agreements between Mortgagor artd Asstxratron rslaung to rnwrance. now exrsung a hereafter made, shelf be m wrung and shat) be a part r ~ of this mortgage agreement as fully as though set forth vsrbaum herein and rhea govern both parties hereto and rhea successors and assigns No Iran riper any of card policies of insurance or upon any refund or return premium whrch may b payable On the cancellation or termmatiors thereof. Shalt be green to other than f the Assocration. except by proper endorsement aHrxsd to such policy and approved by tM Assocration Each pdicy of rnsurarsce shall have aHrxed thereto a Standard New York Mortgages Cpuss wdhout Contnbutron. malting all bas Or losses under such pdrey payable to tM AssOtiatiOn as its rnterest may appear ~ In the event any sum or wms of nsorsey become payabp tMreundsr. the Assoexatron shall tuve the Option to receive and apply the same on account of the m• - debtedness hereby secured. a to permit the Mortgagor to receive end ass A. or arty part thereof, wttlrout thereby waiwng or impairing arty equity. Iran or right 1 under and by virtue of this mortgage In event of loss a physical damage to the mortgaged property. the Mortgagor stole give immediate notice thereof by marl to the Assocration and ttse Assocration may make proof of bas d the same is not made promptly by the Mortgagor In event of toreclowrs of the mortgage. or i other nansfer of ode to the mortgaged property, m axunguishmtnt of tfte indebtedness secured hereby. an right. utb and rnterest of the Mortgagor in and to any insurance poises then n fora shall pass to the purchaser Or grantee. TM Mortgagor further agrees to aMde by 1M rotes end existing regulations of the Assocration. rn connection with repuutd rnwrance coverage of tM property harem encumbered 4 Paragraph 4 and those whrch follow an contue»d on tfre rgwrq side d the mortgage and by nfersrtce are incorporated into tM body Uf this mortpaga. r The terms Mortgagor and Association, whenever used in tars rnsnument, shall include the hens, personal reprtsentatrvts, successors a assigns of the respective parties ^.ereto. Wherever used, the singular rwrtsber shell include the plural and the plural the singular, end the use of any gender shall includ! all genders. tN WITNESS WHEREOF, these premises have been executed on the day and year fast itten. Signed, seated arsd dNivered rn the presence of. it r . L .%~///C/_ _ ~ ~ ~ Z~ ISEALI ~ R ~ - ISEALI VIRGIN A M. BAKER ISEALI ' • ~y~. STATE OF _ FLORIDA COUNTY Of ~dAATIN ~ - , { ~ .'--LL Th! foregorrrg instrumem was acknwAedged before me thrs_2$_- day of rl1 _ , 19 80 by = S ~*r` 4'7r^fa RALPH J. BAKER and VIRGINIA Me BAKER, husband and wife. ~ _r ~ MY commruron exgref i NOTARY PUoIIC STA1E OF FLCZIDA Aj LAIt(~E ~ r~~ Mt CuN1~lISiION EXPIiiES NOy 1~ 19133 Notary Public, State of FLORIDA a(.ir..Es; ~MRtJ GEfvF~tAL INS, car+DiRWRII~BS e~ :~x 330 PacE 1313 - ~ ~.__~v