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HomeMy WebLinkAbout2663 • s • C-?44A cr c i 63026-2 ~ • THIS MORTGAGE INDENTURE l .ecutcd this 30 day of April . A.D., is 80. by ~ 1 EDWARD A. TINARI, unmarried Q~J~69 parry of the first part Ihernnaftp calledMatgagor?, to CHASE FEDERAL SAVINGS AND LOAN ~'SSOCIATION a corporation existing under the laws of trio United States of America, party of the seeond part (heremahp called the Associatwnl, WITNESSETH, That for drvrs good and valuable considerations, and [o secure tM paymem of the aggregate sum of money rsarrstd m the piomrssory note of even date nerewrth, hereinaftN mentioned, together with mterest thereon and all other sums o) money secured hereby as heiernahN prowled, the Mortgagor does grant, Wrgam, x11, ai:en, remix, rekax, convey and conlum unto the Association, in fee srmpM, the lolbwing describifd real estate, of which the Mortgagor is now served and posxssed and rn actual posxssion, snuale m the County o1 STS LW IE State of Florida, loyally descntx!d as follows. - ~ - - . (See Legal Description Attached) r ~ ~ TOGETHER wdh all structures and rmprovemeMS now aitd hereafter orr said land and the hxluros attached thereto, also together with all and singular the tenements. ee: enitarMnts, easements, riparian rights and appurtenances thereunto belorigrrrg, w in any wix appertaimrsg, and the rents, issues, and profits thereof, and also aU the estate. :~,nt, title, mtpest antf all claims and tfemanch vnfiatscevN, as well m law as in ettwty, of said Mortgagor m and to the same, and every part and parcel thereof, and also all gas ,+n,t elecurc Irxtores, radrator_s, heaters, au condrtromng eyorprnent, machinery, txsrkrs, rarlgls, elevators and motors, bbthwtii, sinks, water cloxtt, water basins, pipes, I.,~.,: et:, and other plumbing aril heating trxtwes, rrwntets, refrigerating plane and Ke boxK, window acrtent, screen floors, venetian blends, Slam shutters and awnings, which r now or rtsry hereaher pertain to or ere used wnh, rn or on card premixs, even though they ere tletxhed or detachable, are and shall lie deemed to tie hxwres ancf access,ons to me IreehoNl end a part of the realty, erred, A the above described property is now a shall hereaher be used for commerual purpoxs, then the twmture and turmshrngs and ,ny replacements thereof w1rKh may be owned by the 6lwtgagw and which are now or may hereafter b! located upon the above described property. TO HAVE AND TO HOLD the same, together with all the estate, right, title, mterest, homestead, dower and right of dower, separate estate, possession, claim and :+wnand whatsoever, in law n. m equity, of the card Mortgagor m and to the same, and every part ttsereol, unto the said Association m foe simple. The Mortgagor herNsy cwerwnro wuh the Association that the Atwtgagw is inileleasrbly seized wnh ttre absolute and for simpk utb to said property, and fix full power, ; e n,f lawful authority to xll, convey, transfer erred mortgage the same. that n shalt be iawlul at any time hereafter for the Association to peaceably and quietly enter upon, ~ n,,. i•. Hold and enfuy card property, error! every part thereof. that said property rs hoe and discharged hom all liens, encumbrances, and claims of any kind, mclud,ng taxes and .nnessrnrnts, except the lien hereof, which rs a fast hen on said property, that the Mortgagor wdl make such Iwther assurances to perfect the fee srnrple title to card property me Asstxretion as may reasonat.ly err reiwirMl, erred that the Mortgagor does hereby fully warrant unto the Assocrauon the Irtk to sa,d property arid will tfelencf same nit the river tgeye claims and demands of all persons vvhomscever. n;pW, THEREFORE, the cuneLtiorr o1 this mortgage rs wch that d the Mortgagor shall well erred truly pay unto the Associat.:.n, the rndebtiKlness .:~;rnced by that certain promissory note, of even date lserewrtA, made try the Mortgagor and payable to the Association, m the principal win i_______________________________FIFTY TIiOUSAND DOLLARS 50 ~ 000 a OO 1, together with mterest as therein stated, payable over a term of 348 months, and shah 1~e~ f,.r m, comply with and al»de by each and every the stipulairons, ayreM,ents, condmons and covenants contained and xt lor~h m this mot tg.ye and m the promnswy note ure:f hereby. then this mortgage ..rid the estate hereby createaf shall coax and be null artd void. TRANSFER OF THE PROPERTY; ASSUMPTION It rill or any part of the Property or an interest- therein is sold or transferred by Mortgagor without Association's prior written conxnt, excluding la) the rr,,tion of a lien or encumbrance subordinate to this Mortgage, Ibl the creation of a purchase money security mterest for household appliances, Ice a transfer ~ Jrvise, descent or by operation of law upon the death of a point tenant or (d) the grant of any leasehold interest of three years or less not containing an •;~tiun to purchase, Atsoclallpn may, at Ass OCiatiori s option, declare all the sums secured by this Mortgage to be immediately due and payable, ASSOCIatipn ,:,,ti have 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 reach ,..;rrrn,ent m 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 :r s:,ch,rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and B Mortgagor's successor in interest :~en executed a written assumption agreement accepted in writing by Association, ASSOCia.ion shall releax Mortgagor from all obligations under this Mortgage .,~~:f the Note. f ASSOCIaIrOn exercixs such option to accelerate, Association shall mail Mortgagor notice of acceleration, Such notice shall provide a period Ot not Less than .ti) :,ergs from the date the notice is mailyd within which Mortgagor may pay the sums declared due. If Mortgagor tails to pay such Burns prior t0 the expira~ . "tit such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 75 hereof. - AND the Mortgagor does hereby covenant and agree I To paY all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this mortgage. w either. promptly on trio days respectively the same severally Decome due 2 Tu pay all and singular flee to:es. assessments. other governmental levees. liabilities. gbligations and encumbrances of every nature on said described property and the related debt acquisition each and every when dos and payable according to law, before they become delinquent and. d the same shall not bs pro•-nPtlY yard the Assocrauon may at any time. ether before or after delinquency, pay the same without waiving or affecting the option to toretlose. or any right ~ .Hereunder and every payment so made shall tsar mterest from the date tfsersol at the rate a1 eighteen per cent (1891,) per annum 3 Tnat trio Mortgagor will keep all real and personal property now or hereaher encumbered by the I,en of this mortgage inwrsd as may be required from trine to i rime by the Association against ties by hrs. windstorm and other hoards. casualties and contingencies for such periods and for not less than wch amounts as may be regwred by the Association and to pay promptly when due all premwms for wch rnswance Mortgagor agrees to dshver renewal Or replacement f Iwi,i::es of any nature or replacement cettificatss of insurance to the Association. at least ten 1 tOi days prior to the expiration or anniversary date of the existing ! Iwiroes The amounts of insurance regwred by the Association shall be minimum amounts for which sa+d inwgnce shall be written and it shall be inwmbent ulw~, [he Mortyagpr to maintain such sldiuonal insurance ai may be necessary to meet and comply (uHy with all co-inwrance rsquuements contained m said t pol,~,es to the end that said Mortgagor is not a co-rnwrOl thereunder InwranCe shalt be written by s company w comparnes approved a i]esignated by the I Assocratiws and all policies and renewals tMreot shalt be held by tfie Association All dataile:d designations by the Mortgagor wtuch are accepted by the I Association and all agreements britween Mortgagor and Association relating to mwgnce, now existing or hereaher made. sfylt be in wrung and shall be a part I y of this mortgage agreement as fully as though sat forth verbatim fserem and shall govern both parties hereto and rhea successors and assigns. No lien upon any of card pohcres of insurance or upon any refund or return prsmwm which troy be payable on the cancellation w termination thereof, shall be given to other than the Association. except by proper endorsement affixed to such policy and approved by the Association Each policy of insurance shall have affixed thereto a j Standard New Yak Mortgagee Clause without Contribution, making au bas Or bases under such policy payable to the Association as its mterest may appear. In the event any sum w sums of money become payable thereunder, the Association shall have the option to receive and apply the same on account of the in- debtedness hereby secured. or to permit the Mortgagor to receive and use rt. or any part thereof. wrtfsout thereby waiving or impairing any sgwty, tiers or right l under and by virtue of this mortgage In event of loss or physical damage to the mortgsgsd property. the Mortgagor shall give immadiste notice thereof by mad to the Association and the Association may make proof of ties if tfie same is not made promptly by the Mortgagor In even! of foreclowre of this mortgage. or other transfer of title to tfse mortgaged property. in extinguishrtienf of tfse indebtedness secured fsereby, all right. title and interest of flee Mortgagor in and to j any rnwrance policies then rn (wee shall pass to tM purchaser or grantee The Mortgages further agrees to abide by the rules and existing regulations of the ! Association. m connection wdh rsgwrrld insurance [overage of the property herein encumbered t 4 Paragraph 4 and those which follow an contairsad on tM rswrM ads of this mortgage and by reference are incorporated into flea body of ttws mortgage. The terms Mortgagor and Assocrabon, whenever used m this instrument, shall include the hens, personal representatives, wccessors or assigns of the respective parties i ~~eveto. Wherever used, the regular number shall include the Plural and the Plural the singular, and the use of any gender shall include all genders. j ~ IN WITNESS WHEREO ,these premrxs have txen executed on the day and year tint rtten. ; r n xaled and dNive rn the prexnce of. t • -~:2%licr« "mot " ISEALI EDWARD A. TINARI ' ~ ISEALI a !SEAL) f ISEALI STATE OF FIARIDA couNTV of MARTIN The 1 rrlaf(~rrlarl( was acknowledged before me this 30 day of ~pr it _ 199 by . stt,__..._~ . : _ ED~IIiRAtA. TINARI, unmarried taw iotisac ~ - (ENDER ~~Jfy PI~K, Sl~l! Of AOflda i1t Mycorrwnrsttbn j~tpira mmusgll z as -~ls~ ~o pr ec. 13, 1982 . ~ aOrid~! ArrLU~ fax 6 Gsuairr Corirpanir IDA ~ , Notary Public, State of ~~x~ P~~E2~52 B~~It