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HomeMy WebLinkAbout2645 ~O THIS MORTGAGE INDENTURE , 1=.ecutedthis .day of April .A.D..198 .bv WILLIAbd F. HEALY and JANICE A. HEALY, husband and wife, ~~S~1 parr of the brat part IhereinaUa cslted Matgagorl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation exnung under the laws of the United Sates of America, party of tht second part Ihereinaltlt called tM Association!. WITNESSETff, That for dwers good and valuable considerations, and [o secure the payment o1 the aggregate win of money nanwd m tM promist+Wy note of even date nerewrrth, hereinafter mentioned. together vwth Interest thereon and all other wms of money secured hereby as heginalter provided, the Mortgage does grant, tssrgarn, sell, al+er., remise, release, convey and confirm untco~ the Associaton, m f« sinspN, the lollownry deathbed real estate, of which the Mortgage is now sewed and possessed anQ in acwal possession, siWate m the County of St , Lucie - i - State of FI«ida, legally described as follows ~ _ ~ ~ t _ 3 (See description attached.) - TOGETHER with all structwes ahd improvements now and hlrealtN On said brad and the lixtures attxhed thereto, also together wrath all and singular the tenements, hereditarrsents, easements, riparian rights and appurtenarxK thereunto belongirsg, w in any wix apptrtainirsg, and the rents, issues, and profits thereof, and also sir the estate, +ruht. title, interest and au claims and demands whatsoever, as vvNl in law K in equity, of said Mortgagor in and to the same, and every part and parcel there0l, and also all gas ,nil elecuic fixtures, radiators, heaters, ai+ condmoning equipment, mxhinery, boilers, ranges, elevators and motors, bathtubs, sinks, water closets, water basins, pipes, f.+urets, ~..^.rf other plumbing and heating lixtures, mantels, retrigeratirig plans and ice boxes, window atrelns, screen doors, venetian blinds; storm shutters and swmrgs, which ++r now or may hereafter pertain to or tie used with, in w on said premises, even though they be detxhed or dttxhable, are and shall be deemed to tie hxtwes and xcessions to the IreehoM and a part of the realty, and, it the above described property is now or shall hereafter be used la commercial purposes, then the furnuuro and lurmihings and _ env reptxements thereof which may be owned by the Mortgagor and whits are now Or may hereafter be located upon the above described property. TO NAVE AND TO HOLO the same, together with au the estate, nght, tick, interest, homestead, dower and rght of dower, sepxate estate, possession, claim and ,femand whatsoever, in law o. in eyuity, of the said Mortgagor in and to the same, and every part thereol, unto the said Association in fee simple. The Mortgagor hereby covenants with the Association that the Matgaga n indefeasibly seized with the absolute and lee simple tick to said property, and has full power, _ ar+-.f lawlut authority to sell, convey, uanster and mortgage the same. that it rball be Lawful at any time hpeafta 1a the Association to pexeably and quietly enter upon, e, hold aril enjoy said property, and every part thereof: that said property q fie! and discharged from all liens, erxumbrarsces, and claims of any kind, including taxes and assessments, except the hen hereol, which u a lust hen on said propNly: that the Mortgagor will make such further assurances to perfect the fee simple title to said property .n the Association as may reasonably tie required. and that the Mortgagor does hereby fully warrant unto th! Assocwtion the title to said property and will defend same +.:.:~nst the mortgage claims and demands of all persons whomsoever. NOW. THEREFORE, the condition o} this mortgage is such than it the Mortgagor rhall well and truly pay unto the Association, Me indebtedness .~-fence'.1 by that certain promissory note, of even date herewith, made by the Mortgagor and payable to the Associatan, m the principal win i TWENTY THOUSAND AND NO/100------------ DOLLARS +5 20 , 000 , 00 1. together with rnterest as therein stand, payable over a term of ---348------------ months, and shall ice. f ~.~rm, comply with and abide by exh and every the stipulations, agreements, conditions and covenants contained and set forth m this mortgage and in the promissory note secured hereby. then this mortgage and the estate hereby created shall cease and be null and void. TRANSFER OF THE PROPERTY; ASSUMPTION it alt or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding lsl tM creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money setu?ity interest for household appliances, Ill a transfer :,v devise, descent or by operation of law upon the death of a joint tenant or (dl the grant of any leasehold interest of three years or less not containing sn ,,F,cion to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association :n,+l I nave 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 Hach >:,rrement m writing that the cretlit or such person is satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall lte ~t such rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and if Mortgagor's successor in interest hers executed a written assumption agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage ar~d [he Note. i f Association exercises such option to accelerate, Association shall mail Mortgagor notice of seceleration. Stith notice shall provide a period of not less than 3o clays fiom the date the notice is malted within which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior to the ~xpir~- non of such period, Association may, without further notice or demand on Mortgagor, invoke any nmadierpermitted by paragraph 15 Mreof. AND the Mortgages does hereby coverunt and spree 1 To pay an and singular the prirscipal and interest and other wms of mosey payabN by virtue of said promissory rate and this mortgage. or either, promptly on the days respectively the same severally become due 2 To pay all and singular the taxes. assessmsnis. other pmrernmenpl Ivies. hablrties. tlbligatans and encumbrances of awry nature on said described property and the related debt acquisition each erred sorry when dos and psysbN according to bor. before tMy become detingwnt and. if flee saline shall not be promptly pa+d the Assocwaon may st any urns. either before o? aher dshrsquerscy. pay the same without wamrp or affecting tl+s option to foretbse. tx any right hereunder. and every payment so made shall bear interest from tM date tlareof at the rate of eighteen per cent (1896) per anrsum 3 That the Mortgagor will keep all real and personal property raw a fiersafte? encumbered by the Ilan of tlrs mortgage insured as may be required Iron urns to t t.me by the AsSOCiatipn against bas by firs. wnndstorm and other hazards. uwdues and COnbnpsnties for such periods and for not lass than such amounts as may be required by the Associaton and to pay promptly when due all premiums for wch inwrarsce. Mortgagor agrees to deliver renewal or repbcensent l,ul~ues of any nature or replacement cerufrestes of inwrsnce to the Assocutan, at (east ten 1101 days pray to the expiration or anniversary date of the exisurp policies The amounts of insurance required by the Association shall Oe minimum amounts for whirls said inwrsnce shatl be vvntten and rt shag be incumbent u(wn the Mortgagor to maintain wch addrtiona! insurance as may be necessary to rMet and Comply fully with all to-insursrtte requirements contained in said polices to the end that said Mortgagor is not a co•inwror tMreunder. Inwrarsu shall be written by a company a companies approved or desiprsated by the Association and all policies and renewals thereof shall bs MW by the Assoaatan All detailed desigrtrans by flee Mortgagor which are accepted by the Assocauon and all agreements between Mortgagor and Associaton nbung to assurance. raw existusp or hersaher made. shall bs in writing and shag be • part of this mortgage agreement as fully as though set forth verbatim Mrein and shat! powe both parties Mreto and tMu successors and asslgrss. No !fair upon any f of said policies of insurance or upon any ntund or return premium which may W payable on the carscelbtan or termination thereof, shah b0 given to other than ! the Association. except by proper endorsement affixed to wch pdity and approved by tM Association Eech policy of Insurarsce shah haw affaed thereto a Standard New York Mortgagee Clause wdhout Contnbutan. malting aH bas or bases under wch polity payabN to the Astlouation as its interest may appear s _ I to the event any sum or sums o1 money become WYeble therwnder, flea Ar+soaatan shall haw the optan to recmw and apply flea same ors account of the in- debtedness hereby secured. or to permit the Mortgagor to receive and use rt. or any part tl+erewl, vnthout tMreby wuwrsg or impairing airy equity. hen or rght ` under and by virwe of this mortgage In event of bas or physical damage to tM mortgaged property. tM Mortgage shall give immediaU robq tf+ereof by mad ; to the Associaton and the Association may make proof of bas d tM same is not made promptly by the Mortgagor. In went of foreclown.of tlrs mortgage. or other transfer of titb to the mortgaged property. m exunguitihment of tM indebtedness secured herby. all right. btN and interest of tM Mortgage M and to any inwrance pOIKreS then in force shall pass to tM purchaser a grantee. The Mortgagor furtfser agrees to abide by tM rules and e:istirp repubtip?s of tfie s Association. m connectan with regwred inwranca coverage of the property herein encumbered. - 4 Paragraph 4 and those which folbw are contained on the reverN side Of this mortgage and by nferena are irstorporated into tM body Of this mortgage- - the terms Mortgagor and Association, whtrievlr used m [his instrument, shall include tfle Min, personal reprpen4tnes, suotxssors or ssspns o/ the respective parties hereto. Wherever used, the singular number shall include the plural and the plural the singular, and the use o1 srsy gender shall inNude all gtnders. IN WITNE EREOF, these premises hmbeen executed on the day and year first above wiritten. r Sgn nil dNivered in the presence of: ' I g ISEALI ' ISEALI ' : / (SEAII (SEAL) w Mej~,~ NEW YG~' yy STATE OF COUNTY Of E~ ~ ~/s. • ' ~f • The faegoing inssruf>'Milec4hetryledged before rasa this day of ' A~rl 1 , 19.$A by a ? WILLIA3[.Fl!.~~a= 'rand JANICE A. HEALY, hu and and fe •>~IOTAAY ';lh, St of Ilew fork ~ i~, ( 1W.30-222:.52) t MY commiuan _ tom. • _ ' G(~~CaRt• Fled in lietr York ~ Ni"Fipfa Wru13o„ 10i1 h Not.ry P it, sat f NEW York (NOTAR~C .~~QI,~Y t . +