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HomeMy WebLinkAbout1339 ~ C-732A cr 60014-a • -THIS MORTGAGE INDENTURE 4~~9 ' . o. Executed Chit 25 day of April , A.o.. Ts 80, by ~9 ALFRED E. 3CHIKORRA and MARY SCHIKORRA, husband and wife party o1 the first part lhereinatter called Mortgagor, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing under the laver of the United States of Amer Ka, party of tM second part (hatsnattN called tM Asstxiatwnl, WITNESSETH, That for divers good and valuable cassiderauons, and to secure tM payment of tM aggregate vein of money named m the promissory note of even date herewith, Mreirialtr rrientioned, together with interest thereon and all othp sums o1 money secured hereby as Mreinatta provided, the Mortgagor does grant, bargain, sell, aben, remise, release, convey and confirm unto the ASSOCNUOn, in leeCSlunnpb, tM follovwrg dtstnbW rear estate, of which tM Matgsga is now NiJSd srd possessed and m actual possessor, situate m tM County of $ a e LUC IS State of Florida, legally descntxd as follows: (See Legal Description Attached). TOGETHER wch all structures and impwvemems now and hereafter on said land error the tixtwes attached thereto, also togcsher with all and singular the tenements. heiednaments, easements, riparian rghts arxt appurtenances thereunto belorsgirg, a in any verse appertaining, and the rents, issues, and profits Iherept, and also all the estate, i ngM, tide, interest and all claims and demands whatsoever, as ihNl m law ss in equuy, of sad Mortgagor in and to the sarrse, and every part and parcel thereof, and also all gas and electric fixtures, radiators, heaters, au corduioning equipment, machinery, boilers, ranges, elevators and moto+s, bathtubs, sinks, water closets, water basins, pipes, faucets, and other plumbing and heauny fixtures, mentelt, relrigeratitg plans and ice lsoxK, wirxlow si:reens, screen doors, venetian blinds, storm shutter and awnings, which ate now or may hereafter pertain tow !re useal with, ir: a on sail premises, even though they lie detached or detachable, are and shalt lie deemed to lie fixtures and accretions to the fieehold and a part of the realty, and, it the above described property is riow a shall hereafter b! used la commeraal purposes, then tM Iwmtwe and (urnishinys arxf any replacements tMreol which may be owned by the Mortgagor and which are now or may hereafter txe located upon the above descritxd property. TO HAVE AND TO HOLD the same. tigether with all the estate, right, uric, interest, homestead, dower and right of dower, separate estate, possession, claim aril demand whatsoever, in law or m equity, of the said Mortgagor in anti to the same, and every part thereof, unto the said Association in tee simple. The Mortgagor hereby covenants with the Association that the Mortgayor is rrsdeleasiWy seized with the absolute and tee simple title to said property. end has full power. and lewlul authority to sell, convey, transfer and mortgage the same, that it shalt be lawful at any time Isereatter for the Association to peaceably and quietly enter upon, nave, tiokf arxi entoy Said property, arxl~every part thereof, fliers sad property is tree and discharged from all bens, encumbrances, and claims of any kind, including taxes and assessments, except Ilse hen hereof, wlsrch is a first hen on said property. that the Alortyagur well make such further asswances to perfect the lee simple title to said property :n the Association as may reasonably tie requned, aril that the Mortgagor does hNeby fully warrant unto the Association tM title to said property and well rfelerxl same S au.irnst the mortgeye claims arxf ifemanils of all persons whomsoever. NOW. THEREFORE, the condition of this mortgage n wch that d the Mortgagor shalt well and truly pay unto the Association, the indebtedness evirleneNl by that ceuain- promissory note, of even date herewith, made try the Mortgagor and payable to the Association, in the principal sum „t-e----------FORTY THOUSAND and NO/100--------------------------------- DOLLARS i5 40, 000 a 00 1. together with interest as therein stated, payable veer a term of 348 months, and shall r.ei form, comply with and atriife by each grid every the stipulations, agreemems, conditions and covenants comasned and set forth m flies mortgage and in she promissory noto secwrW Hereby, then this mortgage and the estate hereby created shall cease and b! null and void. TRANSFER OF THE PROPERTY; ASSUMPTION } If all or any part of the Properly or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding Ia1 the . reation of a lien or encumbrance subordinate to [his Mortgage, Ib) the creation of a purchase money security interest for household appliances, Ic1 s. transfer !.y devise, descent or by operation of law upon the death of a joint tenant or (d) tM 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 sums secured by this Mortgage to be immediately due and payable. Association shall Have waived such option to accelerate if, prior !o the sale or transfer, Association and the person to whom the Property is to be sold or transferred reach ayreement in writirsg that the credit of such person K satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall tae rt such rate as Association shall request. H Association has waived the option to accelerate provided in this paragraph and if Mortgagor's succeuor in interest !gas executed a written assumption agrreirsent accepted in writing by Association, Association shalt release Mortgagor from all obligations under this Mortgage a~~d the Note. ~ I1 Association exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notices shall provide a period of not less than 30 eteys Irons the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor faits to pay such sums prior to tKe expires ! ie~rs of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AND the Mortgagor di»s Mreby covenant and agree f To pay all and singular tM principal and mtarest and other sums of money payable DY wrtue of said promissory note and this mortgage. or edtser. promptly on the days respectively tM same severally become due 2 To pay alt and singular iM taxes. assessments. other governmental levies. liabilities. obligations and encumbrances of every nature on said described property and the related debt acgiusition each and wary when dos and payabN according to law. belae they become delinquent and. d tM same shall not be promptly paid the Association may at any time. either before or after dsbnquency. pay tM same without waning a atfecurtg tM option to foreclose. or any right hereunder. and every payment so mach Ittsall bear interest from tM date ttserreof at tM rate of siyhteen per cent 118°61 per annum 3 That rise Mortgagor will keep air real and personal property now or Mreaftsr encumbered DY tM ben of this mortgage thorned as may be regwrtsd from time to tune by the Assa:iatror: against bss by fire. wnrdstorm and other hazards. casualties and contingencies for such periods and for not less than such amounts as may tie required by tM Association and to pay promptly when due all premiums for wch insurance Mortgagor agrees to deliver renewal a replacement 4 tot ex ration or annwersa date of tM existi 1 ~ ' potrcres of any nature or replacement certificates of insurance to tM Association. at Least ten 1101 days prior M W ry n9 t ~ J polices The amounts of insurance regwred by tM Association shall be minimum amounts for which said mwrance shall be wrdten and rt shall be incumbent t lawn the Mortgagor to maintain such additional insurance ss may ba necessary to meet and comply fully with all co-inwrancs rsquuements contained in said l ~ p policies to the end that said Mortgagor is not a co-inwror thereunder Inwrsrsce sM1I bs written by a company a companies approved or designated by tM `v ~ Association and alt policies and renewals thereof sMll bs Mld by tM Association. AtI detailed designations by tM Mortgagor which are accepted DY 1M Association and all agreements between Mortgagor and Association relating to insurance. now existrrsg or Mreaher made. sMB be m wrung and shall be a part of this mortgage agreement as fully as though set forth verbatim Mrain and altau govern Doth parties heroto and then successors and assigns. No lien upon any 01 saidpobaes of insurance or upon any refund or return premwm which maybe payable On tM cancellation or termination thereof. shall be given to otMr than ~ the As cation. except by proper endortsanisnt aHiasd to such policy and sppoved by tM Association. Each policy of insurarics sMll have aNuad thereto a Standard New Yak Mortgagee Clause without Contribution. malting all bss or bases under sucA policy payable to tM Assoastion as its interest may appear. f In the event any sum or sums of money become payablb thereunder, tM Association shall Mve tM option to receive and apply tM same txs account of tM i~• i a debtedness hereby secured, Or to perm+t tM Mortgagor to receive and use it. or any part thereof. without thereby waiving or impainrtg any equity. lien or right under and M vatue of this mortgage In event of bss a physical damage to tM mortgaged poperty. tM Mortgagor sMll give immediate notice thereof by mad t to the Association and tM Association may make proof of bss if tM same is not made promptly DY tM Mortgagor In event of forscbwre of this mortgage. or other vansler of title to tM mort a rty. m eatirt~siitlhment o1 tM indebtedness secured Mreby. s11 right. U!b and intsre>jt of tM Mortgagor m a.nd to t 4 fiord grope any insurance polices then m force sMlt pass to tM psycMser or grantee. TM Mortgagor furifser agrees to able DY tM rules ahd existing reputations of tM Asstxrauon. in connection with required mwrance coverage of tM property Mrem encumbered t Parsgrsph 4 and those wlsrch folbw era contained txs tM rewrw ttrde of the mortgages and DY retawrtce are incorporated into 1M body of this rttortpapa. The terms Matgsgor and Association, trvherilvlr used in M s instrument, shall intrude the Mirs, personal representatives, successors or assgns of tM respective parties Hereto. WHerever used, the singular rwmber shall include the plural and the plum! the singular, and the use of any gender shall include all genders. IN WITNESS WHEREOF, these premises Assrc been executed on the day and year first above written. Signed. sealed and dNivered rn the Presence o1. . - - f ISEALI E - ~ , E . EI RRA MARY 0 ISEALI ISEALI ISEALI I , e STATE OF FLORIDA COUNTY OF e~MARTIN "r The toregorrig instrurtiem was scknow+edged before me this?~_ day o1 April , 19~~ by ~yr'~`' a ~ ALFRED E. SCHIKORRA and MARY SCHIKORRA, husband and wife. ~ ' fifty commission expires - c NOTARY PU8L1C STATE of FLORIDA AT tJ1RGE FLORIDA :'~~G' iaY COra1aISSION EXPIRES NOy 1~ 1983 Notary Public, State of gpN;,ED iMRU GEf~RA1 1~ a IiNDEKWRtiERS ~ BCOK~h )t! PEGE~JJ1 .