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Home My WebLink About0081 THIS MORTGAGE INDENTURE ~g00/~v~ E xecuttd this 2 $ s day of April . A-~~.19 80 by ~ O . ROBSR~ Se WIDING and GUNYOR A. WIDING, husband and wife party of the 1:'st part IhNtrriatttr called Matyagorl, to , CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing under the Taws of 1M Umttd States of America, party of flit second part lhNNnaftN called tM Auociationl, WITNESSETH, TMt fa dwers good and valuable caisideratrons, and to ftcuq tM psymem of tM agyregate vein of money narrted m tM promissory note of even date Herewith, MreinallN mentiorsed, together with iMNtst thtrton and all othN sums of matey secured Mrtby a Mreinalltr provided, tM Matgagor doesg+ant, ba+gain, sell, alien, remise, rtltase, convey and confirm unto tM Association, in lee simpN, tM following dfstnbld real cause, of which tM Mortgage is now need amt possessed and in acwal possession. situate in tM County of 3T LUC I$ State of Flaida, legally rleseribtd as follows: Condominium Parcel No. X442, of BSACHTRB$ I I, a~ Condominium, according to the Declaration of Condominium thereof, as recorded in Official Records Book 321 at Page 2609, and any amendments thereto, of the Public Records of 3t. Lucie County, Florida. SUBJECT TO terms and conditions of above Declaration of Condominium and any amendments thereto, and restrictions, easements and reservations of record. TOGETHER with all structures and improvements now and MrNlta on card land aM the fixtures attaMed thNeto, also togethN vwth all and singular the tenements, nereditaments, easements, riparian rights and appurtenances 1hNeunto belorsgirg, w in any wise appNtainirg, and th! rents, issues, aril profits thNeol, and also all the estate, right, title, incNest and all claims and demands yiihalsOever, aS well in law as in equity, of said Mortgagor in and to the same, area evNY part and parch tlstreol, and also an gas and lleClnC fixWrK, ridratOri, Maters, air condwoning egwpmtnt, machinNY. Noilers, raisges, elevators and motors, bathtubs, sinks, water closets, wash basins, Pipes, leucets, and other plumbing and heating fixturK, mantels, refiiglrahry plans and ice l?oxts, vwr[dow screens, screen doors, venetian blinds, stem shuttNS and awmrgs, which err now or may hereafter pertain to or (re used with, rn a on serif prlmiies, even though they ~ detached or detachable, are and shall be deemed to bt fixtures and accessions to the fieehold and a gait of the realty, and, it tM above described gropeity is npwor shall hereafter lee used for corrsrrserciat purposes, then tM furniture area lumishirtgs and any replacements 1Mreo1 iMiicA may be owned try tM Mw tgaga and which are now or may hNeallN be located upon tM above described property. TO HAVE AND TO HOlO the same, together with all tM estate, right, sick, interest, Aoniestead, dower and right of t1owN, separate estate, possession, claim and demand whatsuevN, in law or in equity, of the said Mw tgagw in aril to tM same, and every part thereof, unto the card Association in tee simple. S The Mortgagor hNeby covenants swth tM Association that the Mortgagor is irxleleasibly seitrd with the absolute and fee simple tit4 to card property. and has full power, and lawful authority to sell, cornrey, uans4r avid mortgage the same, that d shall be lawful at any twrie hereafter for the Association to peaceably and qureUy Mttr upon, nave. Aold and enjoy card property, arxl every part thereof: that card property is Tree and discharged from all Irons, ericirmWances, and claims of any kind, rncluclrng faxes and assessments, except the Iron hereof, which is a first Iron on said property, that the Mortgagor will make wch fu+1hN aswrances to perfect the fee simple true to said property m trio Association as may ieasataldy be reywred. and that the Alatgagw does Mreby fully wariant unto lM Assoc+auon the title to said property and oral defend same ,,y,irnst the mortgage clams and demands of all persons whomsoevN. NOW. THEREFORE, the condo+uri of this mortgage is such that d the Mortgagor shall well and truly pay unto the Assocwtion, tfre ir1dN>trtrlness evrdenelrf by that certain promissory note, of even date Mrewuh, nlaife by tM Mortgagor and payable to tM Association, in the puncipal win -----------3IX'I'Y FIVE THOUSAND, TWO HUNDR$D DOIIARS I$ 65, 200 • 00 1, together with intNest as therein stated, payable over a term of 3 8 months, avid shall perform, comply mth and airrde by each and every the stifxilations, agreements, conditions and covenants conuined and set forth m this mortgage and m the promissory note ...ure.i Mreby, then this mortgage and the esiate herehy created shall cease ariif be null and void. i TRANSFER OF THE PROPERTY; ASSUMPTION { If alt or any part of the Property w an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excludirp la) tM reation of a lien or encumbrance subordinate to this Mortgage, Ib) the creation of a purchase money security interest for household appliances, (c) a transfer try devise, descent or by operation of law upon the death of a joint tenant or (d) the 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 i1, prior to the sale or transfer, Association and the person to whom the 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 wins secured by this Mortgage shall fie at such rate as Association shall request. If Association has waived the option to sccelerata provided in this paragraph and if Mortgagor's successor in interest Has executrd a written assumption agrcement~accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage a,nt the Note. If Association exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not less than 3i1 nays from the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior to tM expira- ri;>n of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph t5 hereof. ANO tM Mortgagor doss Mreby covenant and agree 1 •To pay all and singular tM principal and merest and otMr wins of money psyabN by virtue of said promissory rats and this mortgage. or either, promptly on the days respectively tM same severally become dw ' 2 To pay alr and singular tM taxes. assessments. otMr govsrnmentsl levies. tiablitisS. obligstront and encumbrances of every nature on sad described property and tM related debt scgwsitan each aria every wMn dos aria payabN according to law. before they become delinquent and. d tM same shall not be promptly yard tM Association may at any ems. edMr before w after delinquency. WY tM same without wsmng or aHectirq tM option to foreclose.. w any right riereur:der. and evtf(tr payment so made sMll bear interest Gom tM date tMreot at tM rate of eighteen per cent 118961 per annum 3 That the Mortgage oral keep au rest and personal property now w MrsahN encumbered by tlw hen of tMS mortgage inwred as may be required from time to time by the Association against bas by hrs. windstorm and othN Aa:aids. uwsltiss and contupencies for wch perads and for not Isss than such amounts as ~ may be regwred by the AssOCiatan and to pay pomptly wMn dos s1l prsmums for wch insursrKe. Mortgagor agrees to deliver renewal w replacement Ix,!icres o1 any nature or replacement certi(icstss of inwrsnCe to tM Association. at least tan (101 days prior to tM expiration or anniversary date of the existing lwhcres The amounts of inwrance regwred by tM Association shall be muumum amounts fa which said inwrance sMll be written and rt shall be ncumbeM ~ upon the Mortgagor to maintain such additional inwrance as mey De necessary to meet and comply fully with au co-irwrance requirements contained in said pOlrcres to the end that said Mortgagor is not a co-inwrw tMreunder. Insurance shall M wrdten by s company w companies approved w designated by tM Association and all potrcisS and renewals thereof shall be Mb by tM Associatan All depiNd tlespnatans by tM Mortgagor which are accepted by tM Association and all agreements Dstwsen Mortgagor end Association relating to mwrsnce. now a:rating w hereafter meas. sMll be in wrmng and sh'su bs a part of tA:s mortgage agreement as fully as though sat forth vsrbsum MrNn and shall govern both parties Mreto and thou successors and assigns No ben upon any of sa+d pol+cies of insurance w upon any refund w return prsmwm which may be payable on tM canceUatan w terminatan thereof, shall fx gwen to otMr than I one Assouatron. except by proper endorsement affixed to such policy srd approved Dy tM Associatan Esch patty of irswrance sMll Mve sffued tMreto s ~ Standard New Yak Mortgages Clause witlaut Contribution. malting all loss Or losses under such policy payable to tM Assocution a its interest may appear i f to the event any win w sums of money becwne payable tMreunder. tM Associstan sMll Mw tM option to recNw and apply tM same on account of tM m- } I debtedness Mreby secured, a to permit tM Mortgagor to recsitrs and use rt. or any part tMreof. without thereby waiving w impairing any equity. kNt w right # ~ under and by vutue of tMs mortgage In event of bas or physical damage to tM mortgsgsd progeny. tM Mortgagor shag give immediate ItOtite theteot by mad to the Association noel tM Association may make proof of bas d tM same is not made promptly by tM Mortgagor. fn event of twscbwre of this mortgage. or ocher transfer of title to tM nartgaged property. in extxsguishmsnt of tM indebtedness secured Mreby. all right. biM and ingrest of tM Mongaga in and to ± any inwrance policies than rn force shalt pass to tM purcMsN w grsntN TM Mortpegtfr further agrees to abide by [M rules and existing rsgulstions of tM Association. in connection with requred irKUgnte coverage of tM property Mrein encumbered. t Paragraph ~ and those which fellow sn contained on tM reverse sae o/ tlws mortgage and by relerenp are xtcorporated into tM body of this mortgage. The terms Mortgagor antl Assotiation, whenever used in this instrument, shall include tM Mirs, pNSOnaI representatives, wecessors or assigns of tM retp~ettivt parties hereto. WhNever used, the singular number shall include the plural and the plural the sirsgular, and tM use of any ger?der shall include all genders. IN WITNESS WHEREOF, these premises have been executed on tM day and year first sboiy written. Synod. sealed and dNivered i 1M presence of. ~~v ~ ~ - ~ ISEALI r ROBERT E. WIDING i ISEALI GUNVOR A. WIDING ISEALI f c---"">• z / ISEALI f ' a,J tiWrt~~ a STATE OF FLORIDA COUNTY OF STe ' 1 ~ l E Tht Iwegorng instrument was acknowledged before me this 28 day of April br _r., ROBERT E. WIDING and GUNVOR Ae WIDING, husb d,,ti'?~.~,~ , . ~ ~ ` ~.s ~ LE ER NC7ARY Ptjnuc, sT , ~r My COMMIS;IO;i ~ r^ Fi^i::IIA AT LFSGE My commission exprr~ [X! ~`°--i, i9p9 _ LTZtT•ci./~L 7.i.. »r:'.VR:i€R ~-.v, S Notary Public, S4a of r i ~,R331 PACE 81 6t~OK