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~H~S MORTGAGE INDENTURE ~ ~ ,
E.ecutw tn,t day of Apri 1 o . A.D.. is 80, by ,
GILB$RT I. BRINSDSN, unmarried ~~2
petty of the first part (nere+r+aher called Mortgagorl, to
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION •
a corporation ex+ttrrtg under the laws of tM United Stotts of Amerres, party of tM fetOnd part (here+Mlter piled tM AssOtielionl,
WITNESSETH, That for dryers good ar+d valuable confdHSUons, and to strcure tM payment Of tM sggregite sum Of money named in the prom+ssory note of even date
herewith, Mreinalur mentioned, together with interest thereon and all othM wms of money stewed Mrebll as Mginalter prov+ded, the Mortgagor does grant, Wrgam, sell,
alien, remit!. rakes!, convey and conlum unto the Atfbt+atiat, inehee simple, tM following described real estate, of which the Matgsga is now seised and possessed and m
actual poaessiOn, situate in tM County of $t . Lucie State of Flada, legally described
as lollovvs~
(See attached description.) a=""'~'° s-lo9,bo_ rn Piy!"~fT OF TAXES
lli::S~i,N7 TO DELL°TE.. 7i- ,d,1A.:(S OF 1171.
R~GiR PGITiJ1S
g 1xfRK pACWT COUATr ST. WC1E CQ• ~t~.„'
TOGETHER with alt structures and improvements now and Mreafter on said Isnd and the fixtures attxMd thereto, also together vwth all and sirgular the tenemtnts,
nereditamtms, easements, ripe: fern rights and appurtenances thereunto belorsgirq, a in any vwse appertaining, and tM rents, issues, and profits thereof, and also all the estate,
r,gnt, title, interest and all claims and demands whatsoever, as well in Isw of in equity, of said Mortgage +n and to tM same, and evMY Part and parpl thereof, and also all gas
ancf !((tuft Natures, radiators, heaters, air conditioning egwpment, mxhinery, boilers, ranges, elevators and motors, bathtubs, sinks, water closets, water beams, pipes,
t,,ucets, and other ptumlr,ng and Heating IiztwK, mantels, retrrgtratrrg plans and fee boxes, vwndow screens, screen doors, ver+eusn blinds, storm shutters and swmrgs, which
a now or may hereafter per tam to or be used with, in a on sad premises, even though they tae detxhed a dstxhable, are and shall be deemed to be hxwres and xcess,ons
to the Ireenold and a part of the realty, and, if the above described property is now es shall I+ereatter be used to cOrrtrrsercial purposes, then the lurmture and furnishings arcs
,,ny replxements Hereof which may be owned by the Mortgagor and which are now or may hereafter be located upon tM atwve described property.
TO HAVE AND TO HOLD the same. together with all the estate, right, Utk, interest, homestead, dower and right of dowel, separate estate, possession, claim and
,(emend whatsoever, in law or in egiiity, of the sad Mortgagor in and to the same, and every Part thereof, unto the sad Associatias in fee simple.
The Mortgagor hereby covenants with the Assocution that the Mortgagor K indtleafiWy seised with the absolute and tee simpk title to sad property. and has lutl,pOwtr,
m,d lawful authority to sell, convey, uansla and mortgage the same, that it shall be (awful at any time hereahtr la the Association to pexeaWy and quie?ly enter upon,
n~.e, hind arsif entoy said property. and every part thereof, that said property is ere! and discharged from alt liens, encumbrances, and claims of any kind, rncludirsg razes and
assessments, except the hen hereof, which is a first lien On card property: that the Mortgagor well make such further aSwranCes to perltct the fee simple tick to sad proper W
.n me Associanon as may reasonably tie regi+ued: and that the Mortgagor does MrebY fully wanant unto the Assocwtion the tick to sad property and well defend same
,,.,~nst th! mortgage clams erred demands of all persons whomsoever.
NOW, THEREFORE, the conduion of this mortgage is such that d the Mortgagor shall well and uuN pay unto the Association, the indebtedness
e,~deneid by that certain promissory note, of teen date herewith, made by the Mortgagor and payable to ~ the Assixation, in the principal win
--------FIFTY-FOUR THOUSAND, SIGHT HUNDRED-----"--------- DOLLARS
.s 54, 800.00 1, together wuh interest as therein stated, payable over a te.m of 348 months, and shat)
i>e-form, comply with and abide by exh and every the supulauons, agreements, conditions and covenants contained and set forth m this mortgage and m tl+e promissesy note
;P. tire(( hereby, then this mortyage ants the estate hereby created shall cease and bt null and void.
TRANSFER OF THE PROPERTY; ASSUMPTION
t f all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding la) tM
creation of a lien or encumbrance subordinate to this Mortgage, Ib) the creation of a purchase money securi[y interest for household applisncas, (e) a transfer
ny 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 imrtwdiately due and payable. Association
,non have wowed such option to accelerate if, prior to tl+e sale or transfer, Association and the person to whom the Property is tb be sold or transferred reach
.,~reement in writing that the credit of such person is satisfxtory to Association and that the interest payable on the sums secured by this Mortgage shall be
,t such rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and if ~Morigagor's successor in interest
;gas executed a written assumption agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage
a"d the Note, -
tf Association exercises such option to accelerate, Association shall mail Mortgagor notice of sccelsration. Such notice shall provide a period of not less than
30 days from the date the notice is mailed within which Mortgagor rtwy pay the sums declared due. If Mortgagor fails to pay such sums prior to the expire-
t::,n of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph tl5 hereof. '
AND the Mortgagor does hereby covenant and agree
t To pay au and singular tM principal and interest end other sums of matey payabN by virtw of sad promissory mots and this mortgage. a either, promptly on
the days respectively tM same severally become due.
Z TO pay all and singular tM taxes. aSeessments. Olhe? gOYernrt+ental Nvies. liablitiee. obligations and enCUtnbranCef Of awry Mttita Ort sad described property
and me rela[isd debt acgwsibon each and every when dos and payable sccading to law. befese they become delinquent and. d tM same shall nOt be promptly s
paid the Association may at airy brtte. eitMr before es after dehrtquency. pay tM same witftout waiving a sHectirtg tM option to foreclose. es any right
hereunder. and every payment so made shall bear Interest from tM date tMrso( at tM rate of eighteen per cent (18961 per annum
3 That the Mortgages will keep all real and personal property now a Mnaher enwmbered by tM ken of this mortgage insured ss may be requaed from bins to
fame by the Associabon against bas by firs. windstesm and otMr M:ards. uwaltNS and contirtgerscies for such ptrrods and for not kss than such amounts as
may be requ,red by the Association and to pay promptly when due all premiums fbr such ittstrrsnte. Matgaga agrees to debwr renewal a replacement
pol,aes of any nature or replacement certificates of insursnts to tM Association, at Nast ten 1101 days pries to tM expiation a anniversary data of tM exisbrp
Ixr!,aes The amounts of insurance rsgwred by tM Associston shall be minimum amounts fa which sad inwrance sMU be written and it shall be incumbent
Ij upon the Mortgagor to mairi[ain such addibonal inwrance ss may M necessary to meet and comply fully with aN co-inwrsrtce requirements contained m sad
i ppl,cies to trier erd that sad Mortgagor is not a co•inwres tMreundsr. Irtwranca shall be written by a company a compartias approved a dssignsted by tM
Association and au polities and renewals tMreof shall be Mb by tM Association. All dstsikrd designations by tM Mortgage whicA sn secepted by tM
Associat,on and all agreements between Mortgagor and AssocNUat nlst+ng to insurance. now exisbng a hereaher made. shall be m wnbng and sMll bs s part
of this mortgage agreement as fully as though set forth verbatim Mrein and shall govern both parties Mreto and tMir sucussas and assigns. No ken upon any
of sad polices of insurance a upon airy refund es return premwm wMCh maybe psyabN on tM csncallation a termination thereof. shall be given to other than
the Association. except by proper endorsement sHi:eel to wch pokey and approved by tM Association. Each pokey of irssurartce shall Mw sHixed thereto a
Standard New Yak Mortgages Clause without Contribution, mabrtg ail bas a losses under such pokey payabN to tM Assocutanas its interest may appear
In the event any sum a wms of money become payable tMrwnder. tM Asstciation shall Mw tM option to receive and apply tM same on account of tM in-
• debtiWness hereby secured, a to permit tM Mestgsgor to reaiw and use it. a arty part thereof, vnthout tMreby waning es impamrq arty equity. ken or rpht
I under and by virtue of this mortgage In event of bas or physical damage to tM mortgaged property. tM Mortgage shall give immediate notiu thereof by mail _
~ to the Association and the Association may make proof of bas d tM same is not made promptly by tM Mortgage- In event of faecbsure of this mortgage. a
y other transfer of title to tM mortgaged property. m exunguiehmMt of tM irtdebtedMes secured Mreby. all right. title end interest of iM Mortgage in and to
~ any mwrance pohaes than in face shall pass to tM purcMser a grantee: TM~IAorigaga further agrees to abide by tM ruk?s and existirq regulations of tM '
Assa:iation. m connection with requuad insurance coverage of tM property Mrein encumbered.
t Paragraph 4 and those wtuch follow tie conuirted on tM revere! side of this mortgage and by raferenq are irtcesporatad into tM body of this mortgage.
Tne terms Mortgagor and Association, wherKwer used m this Instrument, rhall include Use Mirs, personal representatives, sucussors or assigns of the respective parties .
r Hereto. Wheaver used. the sir+gulsr number shall include tM aural and the plural tM singular, and tM use of any gtndtr shall include all genders.
- IN WITNESS WHEREOF, these premises het been executed ors the day and year first written.
J Sgned, seal and dNrvered.rn the Pr~n~cie ot. ~ ~
~ G ERT I. BRINSDEN fsEAu ~
~ - - aa~c ~ ~Ll-c1iLt/ ISEALI
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STATE OF ILLINOIS COUNTY OF 'q,,
The faegoirg instrurt+tnt was acknowledged before Itfe this ~ day of APr 11 f~'' r'-•, ice`, f~
~ ~ GILBERT I. BRINSDEN, tin r'rr,,~y ~
married ~ . , d~, Q
s , rr ;:y
r ~!P,~, * ~ LENOE
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_ My commissior+ exp.res • ,
Notary Ptrblie, SaN of(I ~L,~T- I~'
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