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HomeMy WebLinkAbout1333 ' ~ 48494'7 ~ ° l is THIS MORTGAGE INDENTURE Executed thn ~ ° % day of ~/Q~` A.D., 19 80, by STANLEY G , PRYOR ane~ MARLENE G . PRYOR, husband and wife, parry of the hilt part Ihereinaher called Mortgagor), to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing under the Taws of the United States of America, party of the second part Ihereinatter called the Assocybonl, WITNESSETH, That lo. dryers good and valuable consdtrauons, and to secure tM payment of the aggregate vein of morsey named in the pwmasory note of even due herewith, hereinafter mentioricd, together with interest thereon and all othN wms of money tscwed hereby as htreinalter provided, the Metgagor does grant, bargain, sell, alien, rsmnse, release, convey and contain unto MeoAssociauon, m lee sxnpb, the foUowirtg described real estate, of which the Mortgage is now seized and possessed and in actual possession, suuate m the County of St . Lucie State of Florida, legally described as follows (See description attached.) - ..;:.•;1,, ~ - _ f TOGETHER with all structures and improvements now and herealtN on said land and the fixtures attached thereto, also together with all and singular the tenements, neneditaments, easements, riparian rights and appurtenances thereunto belonging, a in any wise appertaining, and the reins, issues, and protntt cliental, and also all the estate. right, title, interest and alt cWims and demands whatsoever, as wNl in law as in equity, of said Mortgagor in and to the same, and every part and panel tfsereol, and also all gas and electric 6xtwes, radiators, heaters, an corxfiuoning equipment, machinery, balers, ranges, Nevators and motors, bathtubs, sinks, water closets, water balms, Drees. faucets, and other plumbing and heating fixtures, mantels, rllrgeratirig plans and ice boxes, window si:rtens, screen doors, venetian blinds, scam shutters and awnings, which are now or may hereafter pertain to or be used with, in a on said premises, even though they be detached or detachable, are and shall be deemed to tie fixtures and accessions to the freehold and a part of the reatry, and, it the above described propeuy n now a shall hereafter be used la commercial purposes, Cher. the lwniture and lurnishnngs and any replacements thereof which may be owned by the Mortgagor and which are now or may hereafter be located upon the above described property. TO HAVE AND TO HOLD the same, Together with all the estate, right, vile, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, in law or in equity, of the said Mortgage in and to the same, and every part thereof, unto the said Assotwllon in fee simple. The Mortgagor hereby covenants with the Association that the Mortgagor n mdeltasiWy seised wnh the absolute and fee simpb tick to said property, and has full power, and lawful authady to sell, convey, transfer and mortgage tfse same, that it shall tie bwful a1 any time hereafter fa the Associauon to peaceably and quietly enter upon, have, noW and enjoy seed property, aril every part thereof, that said property is free and discharged from all liens, ericumbiaricK, and claims of any kind, including taxes and assessments, except the hen hereof, which is a fast hen on said property, that the hlortgage wJl make wch further assurances to perfect the fee simple htb to said property .n the Association as may ieasonaWy be regwrerl, and that the Mortgagor does hereby fully wauam unto the AssOCiauon the utk to sad property and wdl defend same .,~a,nst the mortgage claims aril demands of all persons whomsoever. NOW, THEREFORE, the cordiuon of this mortgage rs such that d the Mortgagor shall well and vuly pay unto the Association, the indebtedness evidenced by that certain promissory note, of even date herewith, made by the Mortgagor and payable to the Assotiauon, m the principal vim FIFTY EIGHT THOUSAND FIFTY AND NO/100----------------------------- ooLLARs a 58 , 050.00 1, together with incase as therein stated, payable over a term of ------3't$..- momhs, and shah perform, comply with aria ab,dr by each aril every the stipulations, agreements, cordmons and covenants contained and set forts m this mortgage and m the promissory vwre secured hereby, then this mortgage and the estate hereby created shall cease and be null and void. s TRANSFER Of THE PROPERTY; ASSUMPTION tt all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association s prior written consent, excluding lal tfsa c reation of a lien or encumbrance subordinate to this Mortgage, (bl the creation of s purchase money security interest for household appliances, le) a transfer t,y devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not Containing an option to purchase, Association may, at Association's option, declare all the wms secured by this Mortgage to be immediately due and payable. Association shall have waived 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 7 agreement in writing that the credit of such person K satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall be at such rate as Association shall request. I1 Association has waived the option to accelerate provided in this paragraph and if Mortgagor's successor in interest r,a> executed a written assumption agreement accepted in writing by Association, Associa.ion shall release Mortgagor from all obligations under this Mortgage and the Note- - It Associations exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration, Suth 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- riun of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof, AND the Mortgagor does hereby covenant and agree t To pay all and singular the principal and interest and other wms of money paysbb by virtue of said promissory rate and tMs mortgage. a sillier. promptly on the days respectively the same sweratly become due 2 To pay alt and singular the taxes. assessments. other gotrsrnmantst levies. lisbt:ties. obtigatans and encumbrances of every nature on said described property and the related debt acquisition each and awry wfwn dos and payabb according to law. before they become delinquent and. if !fie same shall not be promptly pond the Association may st any bins. ertfter before a after delinquartcy. pay the same wrtfaut waning a aNecting the optan to torecbss. a any right hereunder.,arttl every payment so made shall bear interest from the date tMreof at the rate of eighteen per cent Itf3°61 per annum 3 That the Mortgage w+ll keep all real and persons) property now or fiersshsr encumbered by the Tien of this mortgage insured as may bs required from time to time by the Association against b;s by fire. windstorm and other hazards. cswalbes and contingencies for wch periods and for rat till than such amounts as may be regwred by tfse Association and to pay promptly when due all premwms for wch inwrance Mortgagor agrees to delver renewal a replacement 'i pobcres of any nature or replacement csrtifiutes of insurance to the Association, at least ten (101 days pier to the expiration a anniversary date of the existing po6aes Ttie amounts of ensuranee regwred by the Association shall be minimum amounts fa wfuch said inwrance'shstl be written and rt shall bs incumbent - upon the Mortgagor to maintain such additional insurance as may be necessary to meet and comply fully with elf co-inwrance requirements conuinsd in said ! pol~nes to the end that said Mortgagor is rat s co-insure tMreunder. Inwrance sha0 be written by a company a companies approved a designated by tfte Association and all pohuss and renewals thereof shall be held by the Associatan. Atl delaJed designatans by the Mortgage which are accepted by the \ Assocnauon and all agreements between Metgsgor and AssocHtan relating to insurance. raw existing a hereaher made. shall be m venting and shall be a part of this mortgage agreement ss fully as though set forth verbatim herein and shall govern both parties hereto and their sucussors and assigns. No lien upon any of said policies of insurance a upon any refund a return premium which may be payable on the cancellatan a terminatan thereof. shall be given to other than the Association, except by proper endorsement affixed to such policy and approved by the Assoastan Each pdicy of inwrance shah flaw affixed thereto a { ~ ~ Standard New York Mortgages Clause without Contribution. rnalung all bas a losses under such po1Ky payade to the Assoaatan as its interest may appear In the event any sum a wms of money become payaDb thereunder, the Association sftall haw the option to receive and apply the same on account of tfte in- debtedness hereby secured. a to permit the Mortgagor to receive and ass K. a any part thereof. without thereby waiving or impairing any equity. lien a rigftt under and Dy virtue of this mortgage In event of bas a physical damage to the mortgaged property. the Mortgagor shall give immediate ratite thereof by mart g to the Association and tfis Associaton nay make proof of bas d tM same is not made promptly by the Mortgagor In event of foraclowrs of this mortgage. or other transfer of utb to tM mortgaged property. in exungwshmant of flier indebtedness secured hereby. all rpht. title and mursst of the Mortgagor m and to any nnwrance poicies then in fete shall pass to tM purtlsasar a grantee TM Mortgagor further agrees to sbde by tfte rules and existing rsgulatans of the = Association, in connectan with raqunad inwnnta coverage of tfte property Main encumbered 4 Paragraph 4 and those which folbw are contained On the ravarw side O/ the mortgage and by referenq sn incorporated into tM body of tftis rttorigage. The terms Mortgagor and Associatwn, whersewr used nn this instrument, shall include the lassie, personal represenutives, wttestors a assgns of the respective pencils hereto. Wherever used, the singular rMSrt?ber shall include [he plural and the Plural the singular, and the use of any gt r shall include all genders. IN WITNESS WHEREOF, these premises have !teen exe.'aced on the day and year fkst shove vyritten. ~grsed, sealed and dN the Presence of: - ? ' ISEALI ' t y G yon ' ISEALI Marlene G. Pryor F ~ ISEALI 5 Q C r ISEALI a . ~p n~i FLORIDA. DADE ~ , STATE OF sue,- COUNTY OF ~n The foregoing nnstr~a ^ dgs'i~ before me this day of Apri 1 , 19szsl by Veit s~ STANLis~$.= ~ ,nod MARLENE G . PRYOR , husband and wife , ' ^ ~1'AlE Of F10RIW? AT U1i~E LEND RE ~ ' 1 SlOtr EMPIRES OEC ~ r v %t My comrrwstigys a rt'e's ~ 1t6..__ilblDt.SLWIAlI~- , r t jat~~~~? `~-~.y t I. e,~ Notary ludic, sues of FLORIDA r~ y ~ , B~~K~ PACE ~t~,5 . ~z F .