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Home My WebLink About1363 e ~ C ?38A kc . 59326-2 THIS MORTGAGE INDENTURE 4~are~,;~ ti ~ ~o- E xecirtea Met 25 day or Apri 1 . A.o.. lsgp . by BOBBY THOMAS BALL and LEAH RAS BALL, husband and wife party of tM lust part (heranaha celled Matgagal, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION • corpaauon exeshreg under the laws of tM United States of America, party of the tecwrid part IMreaMltN called tM Assotiatbn), WITNESSETH, TMt for divers good and valuable consederauons, end to secwe tM payment o1 tM aggregate sum of money named m tM promissory rwu of even date nereweth, hereiMftq menaoned, together ner•th inures thereon and all other sums of money secured Mreby as feeremstter proveded, tM Mortgttgor does grant, bargain, sell, aben, remex, release, convey and coithrm unto tM Associabon, m lee simple, tM followir?g described reel elute, of which the Mortgagor is now wised end poswswd and m actual posxsseon, situate m tM County of St . Lucie Sute of Florida, legally decnbed as follows: ~~p = /d 6,00 IN PA1'S1£~iT OF TaXFS CtlF QY CL. ~S 'C' INT ;):6'8l£ Pe.t'.S;J.:.•L PROs ETY. See attached description. ~ Pp~;;;,,~T TO ~,~?TER 71-T:,4~ I~CTS Of 1R71.~ ~ .5 O R06Elt POITR+IS C~Ep1I GRCINT COIIRTe iL WqE 00. fi~~ . TOGETHER with all structures and emprovements now end Mreatter on said land sntf the fixtures attached thereto, also together weth all and sirlgubr the tenements, nerednaments, eaxments, repanan reghts and appurtenance thereunto belonging, or in any vvese sppertainiitg, and tM rents, issere, and profits thereof, and alto all the estate, right, tale, interet and all claems and demands whatsoever, a well in Isw a in equity, of said Mortgagor in end to tM sa+tie, end every Part and parcel tMreol, end also all ge and electrec bxture, radeators, heaters, air c•NdeteOning equipment, rtuchinery, boilers, ranges, ekvsto.s and motors, bathtubs, sinks, water closets, water basens, Pipes. lancets, anti other plumbert9 and heateng textures, mantels, refrigerating plans end ice boxe, window aCreMS, screen doors, verittian blinds, storm shutters end awnings, uVhech are now or may hereafter pertaen to or 1st used weth, en or on seed premese, even though they be detached or detachable, are end shall be deemed to be texture and sccess•ons to the freehold and a part of tM realty, and, it tM above decribed property is now or shall herNlur be used for cormierciss purposes, tMn tM lurneture and turnishengs and any replacements tMreof neAiech may be owned by tM Mortgage and inliech are now or may hereafter be located upon tM above described property. TO HAVE ANO TO HOLD the same, together weth all tM estate, right, title, interest, homestead, dower and right of dower, xparau elute, possesseon, deem and_ demand whatsoever, in law or en eyuety, of the sad Mortgagor en and to tM same, end every Part thereof, unto tM seed Assoceahon in tee simple. The Mortgagor hereby coversams wash the Assoceauon Mat tM Mortgage n endeteasrbly seized wefh the absolute and fee simple htk to said progeny, and Ass full powee, S anJ lawful authority to x11, convey. transfer and mortgage tM same: that rt yell be lawful at anytime Mreafur la tM Associabon to peaceably and queerly ante. upon, have. hold and enjoy seed property, and every part tMreol; that seed property n tree and descfearged Iron ali leans, encumbrance, and claems of any krnd, enclerdirig laxe and • assessments, except the ben Mreof, evltech es a lint seen on seed property. that Me Mortgagor wdl make wch further assurances to perfect the tee simple wk to seed properly .n the AssoCeabori as may seasonably De requered: and that the Mortgagor does hereby fully warrant unto tM Associateon tM leek to sad property and well defend same ~ ,a-rrnst Me matga9e claems and demands of all persons whomsoever. r NOW. THEREFORE, the coredsuun of this mortgage es wch that d the Mortgagor shall well and truly pay unto tM Associatan, the iridebtertrees ! rv~dencsd by that terrain promissony note, of even date hereweth, made by the Mortgagor end payable to tM Assoc•atan, in the pnncepal vein - Ig~Y THREE THOUSAND-------------------- ~ ool_I.ARs Is63 , 000.00 1, together with interest as therein stated, payable over a term of 348 months, end shall perlo•m, comply wren and ab,de by each arW every the supulauons, agreements. conddions and covenants contaened and xt forth en this mortgage and in the promessory note se.urpd hereby, then Mes mortgage and the elute hereby ueated shall ceax and be null and vod. 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 Ia) iM c:eateon of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliances, (e) a transfer cry 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 wins secured by this Mortgage to be immediately due and payable. Association shall have waived such option to accelerate if, prior to tM sale or transier, Association and the person to whom tM 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 at such rate as Association shall request. If Association has waived the option to accelerate provided in this paragrKsh and if Mortgagor s successor in interest real executed a written assumption agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage ,,red the Note. It Associationexercixssuch 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 tM sums declared due. If Mortgagor tails to pay such sums prior to tM expira- tron of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 75 hereof. AND tM Mortgagor does Mreby covenant and agree 1 To pay all and sengular tM preriCepal and merest and otMr sums of rtioriey payable by virtw of sad promessory note and this mortgage. or ertMr, pr0.'riptly on the days respectively tM same severally NecOrM due. 2 To par at! and sengu:ar tM taxes, assessments. otMr governmenul levees. Irabiktets. oblpateons and encumbrances of awry Mture.on said describeW property and the related debt acquisrteon each and every when due end payable atxordirig to law. betas th.y become debrequent and. if tM same shall not be promptly pad. tM Assocutron may at any bins. eitMr before a aher tleknquency. pay tM same without waning or affecting tM option to forecbse. or arty right hereunder. and every payment so made shall bear interest from tM clan tMreof at tM rate of eighteen per cent (1f396) per annum. 3 That tM Mortgagor well keep all real and persoMl property now or Mreaher sneumberisd M tM lean of this mortgage mwrrld as may be requued from tame to trine by the Associabon against bas by bra. wendstorm and o1Mr Mzards. uwaltas and conbngsncas for such parade and for not Nss tMn such amounts as may be regwred by tM Associateon and to pay promptly when due all premiums Ior stun insurarxe Mortgagor agrees to dNivsr renewal or replacement ~ poleues of any nature or replacement certetecatss of insurance to tM Associabon. at least ten 110) days prwr to tM expiration a anniversary clan of tM exesbrig ~ pobcres The amounts of enwrance regwrsd by tM Assocrebon shall W menimum amounts for which seed insurance shall be written and it atoll be incumbent upon the Mortgagor to mainuen such addrtanel esurance as may be necessary to meet and comply (ulty with NI co-insurance requirements conuiMd en said pobcees to the end that seed Mortgagor rs not a co-insuror tMreurider. IrtwranCe atoll be written by • company Or companies approved Or des+gMted by tM i Assoceabon and all pdecrss and renewals tMreot atoll be MW by tM Association. All deueled desigriatiorts by tM Mortgagor which ire accepted by tM E Assoceauon and all agreements Dstvwsn Mortgagor and Assoc+ateon rolabng to rrisurance. now exesbrig or Mreahsr made. shall be in Mmbng and sMg be a part of [has mortgage agreement as fully as though set forth verbatim Mrein and atoll govern both parties Mreto and their successors aril assigns. No ken upon any ` of sad p0lecees of enwrancs a upon any refund or return prsnuum which may be payable on the urtcNlatan or termiMteon thereof, shall be given to other than the Assocrateon. except by proper endorsement affexed to such policy and approved by tM Association. Each policy of insurance tiMll Mw affexed thereto a _ I Standard New York Mortgagee Cleuss without Contritwtion. mating all bas a bases under such policy payabN to tM Assodation as its interest may appear. ~ In the event any win a wins of money become payabN tMnurtder, tM Assotiatan stole haw tM option to recaw and apply tlirsgrrie on account of tM iri• debtedriess Mreby secured, or to psrmet tM Mortgagor to receive and use rt. or arty part thereof. vinthout tfsereby waning or itnpainng argr equity. ken or right under and by venue of this mortgage In event of bas or physecal damage to tM mortgaged property. tM Mortgagor shall give rrrimediate nuteCe tMreof by rMd to the Assoceabon and tM Assixeation may make proof of bas d tM same is rat made promptly by tM Mortgagor. In event of foretdostrn of tMs rriortgage. or ~ ~ other transfer of trek to tM mortgaged property. in extinguiahtrsMt of tM indebtedMSS severed Mreby. erg repht. btN and interest of tM Mortgage in and to any mwrartce poluees then in force shall pass to tM purchaser or grantee. TM Mortgagor further agrees to able by tM rukss and existing regi:lations of tM Association, m connection with required irtwnnte coverage of tM property herein encumbered. 4 Psrayrsph 4 and those wMch follow are conuined on tM reyerN side M this ntortgape and by raterertw are irtcorporsted into tM body M ittis rriortgage- The terms Mwtgagw end Assocratron, whenever used in this instrument, shell include the Mirs, persoMl repretsnutives, wocessors a coigns of tM rtepeetivt parties Hereto. Wherever used, the serigubr number yiail enclude Me plural and tM plural the singular, end tM use of any gender shall include all genders. IN WITNESS WHEREOF, thex premise hew been executed on tM day end yen tint above written. agreed, xatrtd ierered m tM presence of: ~ / ^r ^ ~ t ~ , ~ ISEALI BO$~Y T O B ~ Q ~ / ~ / t/~- ISEALI - / , L H RAE ISEALI E (SEAL) I STATE OF FLORIDA COUNTY OF MARTIN TM foragosng enstrurnent was acknowledged before nit Mis 25 day of Agri 1 ,1880 by ~;w ~30BBY THOMAS BALL and LEAH RAE BALL, husband and wi fe • t - 1 'n f U ~,e~V"Q c t _ ~ ! ty u' ~ e ~ 4 r Telly commesseon expere ~-f{pfF)pA AT ~ ~ e i NOTARY Ptj~C1~~ 19831 MY CGIrrN?1S51ON Eve'1~ NOEL 1;T NS , UtsDirlWRl iEttS Notary ?trblic, State of s. 1, ~tJi'1iizD THRU Gb`rERAI ( ,~i, ~ ~ ' ~ ! ~I,t/ - z~~x 33(l P~~E 1355 . _ . . _ _ _ - - _e -