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HomeMy WebLinkAbout1372 • so292-2 C-T16A cr ~ 0 ' THIS MORTGAGE INDENT[JRE ~ - • . , ~ ; E.ecut.d the 24 oaY of April . A.a.19g0 . by ~ fi~~~Q VINCENT Be COSTEI.LO and MARY At COSTELIA, husband and wife parry of tM lust part IMreinatter called Mestgages), to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation a:hung under the Taws of the United Stares of America. party of the second part Ifseeinatte tilled tM Aesoeiationl, WITNESSETH, That (or divers good and varusbN considastions, and to secure tM payment of tM aggregate win of naMy rsansed in tM promiseory note of ewn date herewith, Mreivalrer mentioned, together vwth interest thertton and all other wins of money secured Mrtby at MninsRe provided, the Mestgagtsr does grant, bs:gam, sell, alien, remise, release, convey and confirm unto the Association, in fee simple, tM lollowirsg described real estate, of whicA tM Mortgages is now seized and possessed and in actual possession, situate in tM County of 3T a LUC IE State of Flesida, regally desenbW as follows RECfIy[D s 7~~_ jK PA1T.ri!(T OF DUE OY CLt~$ 'C' IiiikSC ZLF FEr:;:~,:.1 PRA E~TYr (SSE LEGAL DESCRIPTION ATTACHED) PueseulT TO cx;,.~T_s Tf-• -a..,1, of 19n. x,00 ~:;;Cc$ f'.:IT.AS S CLERK CI~CUrT Ca1JitT, ST, lUi.lE Cpr jRA,a~1' TOGETHER with all structures and improvemMts now and MresltN on said land errs the fixtures attaCMd thereto, also tOgetlier with all and singular the tenements, He+editaments, easements, riparian rights and appurtenances thereunto bNongrng, es in any west eppetainirg, and tM rents, issues, and profits thereof, and also all tM estate, ++qnt, title, interest and all claims and demands whatsoever, ss well m law ss in equity, of said Mortgages m and to tM same, and every pail and parpl thereof, and also all gas and elettiic h.tares, radiators, heaters, air conddionivg egwpment, machinery, balers, ranges, eN-orators and motors, f»thwlx, sinks, wear closets, water basins. P+txs. faucets, and Other plumbing and heating liritures, mantels, rofrigerating plans and iCe bOxK, window ar:retns, screen doors, venetian blinds, storm shutters and awnings, Which ,,+e now or may hereafter pertain to or be used with, rn a on sad premises, even though they ti! tfetacMd a detachatiN, are and shall bt deemed to be liritwtt and xcessions to the Ireenold and a part of tM realty, and, d tM above described property is now w shall hereafter be used fes cesnmercisl purposes, then tM lurnuure and furnishings and any replacements tMreol vMich may be owned by the Mortgagor and which are now or may hereafter be located upon the above described propertY• i0 HAVE AND TO HOLD the same, together with all tM estate, right. title, interest, homestead, dower and right of dower, separate estate, possession, claim and efemard whatsoever, in law or in equity, of the card Mortgagor m and to the same, and evNy part thereof, unto tM said Association in fee simple. The Mortgagor hereby covenants with tM Association that tM Mestgagor is rndefeasidy seized wuh tM absolute and tee simple title to said property, and has lull power, an;f lawful authority to x11, convey. transfer and mortgage tM same. that it shall bt lawful at any time Mreafter fa the Association to peaceably atd quietly enter upon. na.e, hoW aril enjoy card property, anti every part thereof; that card property is free and discharged from all Irene, encumbrances, and clarms of any kind, rnCludrng taxes and assessments, eRCept the hen hereof, which is a lust ben on said property, that tM Mortgage w81 make such Iwther aswrarsces to perfect the fee simple rule to said property .n the Assocratran as may reasonably bt required, and that tM Mortgagor does iiNCby fully warrant unto IM Association tM title to card property and will defers aerie! ea..+nst the mortgage clarms and demands Ot all persons inifiOmsotver. - NOW. THEREFORE, the condition of this mortgage is such that d the Mortgagor shall well and truly pay unto the Association, the indebtedness e~ufencerf by that certain promissory note. of even date herewith, made tsy the Mestgsges and payable to tM Association, m the principal sum ~i1---------------THIRTY -EIGHT THOUSAND and NO/100----------------------~OIIARS ' i j 38 QQO t 00 1, together with interest as therein stated, payable ewer a term o1 '3 8 months, and shall ire+rorn~ comply with and atrtie by each and every the stipulatwns, agreements, conditions and covenants connived and set forth m tMS mortgage and in tM promrssesy note 's secured neretiy, then this mortgage and the estate hereby created shall tease and De null and void. s TRANSFER OF THE PROPERTY; ASSUMPTION - tf all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding (al tM e reation of a lien or encumbrance subo?dinate to this Mortgage, Ib) tM creation of a purchase money security interest for housthotd appliances, Iel a transfe? :~y devise, descent or by operation of law upon the death of s joint tenant or (dl tM grant of any Itssshold interest of three years or less not containing an i option to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be imnstdistaly due and payable, Association shad have waived such option to accelerate it, prior to the sale or transfer, Association and the person to whom the Property is to lee 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 bt ?t such rate as Association shalt request- If Association has waived the option to accelerate provided in this paragraph and if Mortgagor's sueussor in interest +ras eicecuted a written assumption agreement a:.cepted in r~riting by Association, Assoeia.on shall release Mortgagor from all obligations under this Mortgage a.u1 the Note. I1 Association exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration. Such 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 tails to pay such sums prior to the expira- f;on of such period, Association may, without further notice or demand on Mortgagor, invoke any rtnsedies permitted by paragreph 15 Mreof. AND tM Mestgages does Mreby COVSMnt and agree t To pay all and singular tM principal and intsrtst and otMr wins of money payable by virtw of said promissory rate iris tMS mortgage. or etthe. promptly on the days respectively tM same severally become due 2 To pay au and singular tM lases. assessments. otMr governmental Nviss. liabilities. Obligttwrss and encumbrances of awry nature on said described property and tM related debt acquisrtiors each and awry when dw and payable according to law. beiest they become dtbrsquent and. d tM unit shall rat bt promptly yard. tM Association may st any time- sdMr before es ahsr dehvquency. pay tM same wrthiwt waiving es aHisctitq tM option to fessebse. es any right hereunder. and every payment so made shall bear inteest from tM daft tMrwf at tM rate of eighteen per cent (1896) per annum 3 That the Mortgages will keep all real and personal property now or hetahe escumbetd by tM Bert of this mortgage irssurtd as may W required from time to nine by the Association against bas by firs. windstesin and otMr Mzards. cawaltits and COnbttgencitf fes such pisriods and fes not Nss tMn such amounts as may be reported by iM Assoaatiov and to pay promptly wMn due tie -prtmrums for wch insuranxe. Mortgagor egrets to dNiwr renewal or rtplaument 'j polities of any nature or replacement certificates of mwuncs to tM Association. at Nast tan 1101 days pries to tM mpifati011 es snnrwrpry dsu o1 tM esisurp 'i pohaes The amounts of insurance reported by tM Assotiatron shall M minimum artaunts for which said mwrance sMll be written and n shall W incumbent upon the Mortgagor to maintem such additional insurance as may be necessary to meet and comply fully wttA all ta-insurance requirsmests ContaiMd m sad f polities to tM end that said Mortgagor is rat • co-inwres tMrturdtr. Inwnnct 111N11 bt written by a tprtspsrry a companies approved es designated by the Association and ail polities and renewals tMrwf sluff be Mkt by tM Associabon. AU QettiNd tiestgnations by tM Mixtgagor tiirhich an atcepttd by tM Association and au agreements between Mortgagor and Assocutan rNaung to insurarsce. taw mrsutsg es heeaher made. shall be in writing and sMg be a part of [his mortgage agreemem as fully as though sat forth wrW bin Main and sMll goverr? both parties Mnto and their sucussors and assigrss. No lien upon any of said policies of insurance es upon any refund es return premium which may be payabN on tM cenctgatan es ttrminatan tMrtof, shall bs giver! to other than ~ the Association. escape by proper trdesstmtnt aHistd to such pWicy and approted by tM Assouatan. Each pdicy of infurarsce tilsall Mw aHistd tMnto a Standard New York Mortgages Gorse without Contribution. malursg all bas or leases under such pokey payabM to tM Association as its mttrtit may appear In the event any sum es sums of mesuy become payable tMrwrder, tM Assouatbn slsall Mw tM optan to rtctiw atd apply tM saint on account of tM in- ~ debtedness Mreby secured. es to permit tM Mortgagor to receive and use it. or arty part tMrtof. tivitfaut tMrtbtr waning w irrspaiting airy tquiry. leers or right under and by value of this mortgage In went of loss es physical damage to tM mortgaged property. tM Mortptgor sMll g'vt immediate ratio tlstrtol by mail r ro the Association and the Assocutan may make proof of bas d tM same is rat made promptly by tM Mesigages. In ewn: of foraclown of this mortgage. es other transfer of UtN to tM mortgaged property. m tstinguishrrsent of tM irsdtbitdtsess secured hereby. all right. titN and inUrpt of tM Mortgagor m and to r any insurance policies then in fore fshall pass to tM purchase or grantee. TM Mrxtpagw further egrets to able by tM ruNs and misting rpulationf of tM i Association. in connsctan with repuutd inwranCt cowragt of tM property lstrtin ersaimbtred. 4 Paragraph t and those which fMlow are contained on tM rewrN side of thief mortgage end by nfetrsot ee incorporated into tM body of this mortgage. The terms Mortgagor and Association, whenever used m thn msfrumtnt, shall include the Mirs, soval repreeentativts, successors es assigns of rM respective psrtNs Hereto. Wherever used, the singular numbs sh lade the plural and tM plural tM singular, and tM of airy gender shall include all genders. IN I SS WHEREOF, these premi h been caeca ed on tM day and year first about wr S , • algid and tlNivlred rn t pr net OI: 1 t 1 ~ ISEAEi ~ v cENTSe or ~ ' / ` ~ c ISEAII - F MAR cosTSLLO . (SEAM 4 7 tSEAL) i ~i s ~it ¢ STATE OF FLORIDA COUNTY OF rfbedARTIN O _ . ~ j ~ The foregoing ivstrurrsent was acknowledged belest me this~4_ day of Ate` it _ , 19~Ubr - _ VINCENT Be COSTELLO and MARY Aa COSTELLO, husband and wife. ~ • ° ~ . ~ My coninassan a:pries s ~r.~ _ 1_ r Ii hOiAAT PUBLIC STATE OF FLORIDA A . 6C tp~ M i COi rir~1 i 5 S 1 ON EXP I RFS NOV_ i 3 i v ~ 3, Notary Peblie, Sta n of FLORIDA , •`'1': ~ ~i. ~..--.J iriKU L,ti~CRrii IttS V;~V:Kriwl ICRS ~ t . ~~^x331 Pd~E~.~64 - _~.a. _ _ - _ - _