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HomeMy WebLinkAbout0483 6321? -2 ' THIS MORRTGAGE INDENTURE : / ~ E=ecuted this day of May . A.O., 19 p0. by ~~023 MARY L. REAGAN party of the firtt part thtrei CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION , ` ~ ~ a corporation e¦istirtg under the laws of the United Sates of America, party of the second part (hNeiriaftN called the AssocNlwnl, WITNESSETH, That for divNS good and valuable considerations, and to secure ?he payment of the aggregate win of money named m the promissory note of cuts date nerewith, hereirsaher mentioned, together with imtrlst merlon and all other sums of moriey ttcwifd hereby as htreinalta piovidetf. the Mortgagor does grant, Wrgam, sea, alien, remise, release. convey and cOntirm unto the Associsuon, in fee umpb, ttte following descnbed real eswe, of which the Mortgagor is now seised end possessed and in ectuat possesswn, siwate m the County o1 $t . Lucie State of flonda, legally descirbed as follows (See attached description.) TOGETHER witA all svetcturK and improvements now arxf fieiealta on ssid.land and the fixtures attached thereto, also together with all and pngutar the tenements, hrieddartients, rssenients, riparian nghts arxf appurtenances thtveunto titlungirtg, or m any wiSt appertainirsg, and the rents, slues, and profits thereof, and also all the estate, rwnt, hUe, rmerest arxf all claims arxf demands whatsoever, as well in taw as m eywty, of said Mortgage m arxf to the same, and every part grid Da+cet thereof. and also an qas a n,t efts uic ti•turrs, radwtors, heeler s, air contfdiomnq e:lw{xnent, machinery, boilers, ranges, elevators and motors, (iathtutn, sinks, water closets, water basins, pipes, l.r~c rte, and other ptumbnxt and heamiy futures, marstrls, rebiyeratirW plain and ice boxer, windOW t. renns, screen doors, venetian Winds, storm shutters end awnings, which ar r now car rttey hereafter peiwm to or fir utetl wish, in ui can leaf piemises, even though they lie detached or efetethable, ere arxf shall tie efeentetf to Ire h.lures and accesuuns to the IreehoW end a Wit of the slat ry, end, it the atwvr rlescntieel property is now or shall hereafter tie used for commer cal purposes, rhea the Iw mture arxf fur nishinyt end any replacements thereof which may be owned by the Mortgagor arW tyh+ch are now or may hereafter tt! located upon the above descnbetf pr(ifierry. TO HAVE AND TO NOLD the same, together with all the estate. right, true, interest, homestead, dower and nght of dower, leper ate euete, Wrisessioa, ileim and ,frmanii whanurver, in law or m eyudy, of the sad Moityayor m and to the srrse, and every part thereof, unto the saxl Assotratiun in fee simple. The Mwtyay,r hereby covers.utis with die Assoc cation that the Muuyeyoi rs indefeasibly seited with Use absolute and fee simple tale w card pruprity, end has full pu,ker, anJ lewlul aeithunt; to sell, convey, translrr aril rnurtgaye the same. that it shall ere lawful at any time; !seieatter fa the Astociauon to peeceelily and gwetly enter upon, n.+. r. hold aril entuy scut pruyerty, arxf every pert thereof, that saxt property is Tree arxf discha!q!d Irum alt liem, encumbrances, and dams of any kind, including tn.es arxf .,ttrtvrtrnts, r~cept the firs hereof, whxh is a first hen can said property, that the Mortgagor wilt melee such Iwther eswrances to perlKt the fee sunplr title to card pr caperty .r. me Attoa ldtilNl as may reasunaldy Ire reitwretl, arxf that the Mu, tyayUr does hereby tufty wan ant unto the Association the title to seta proper rr eMf twit elelrnd same „net the mui tgaye de,ms and efemands nl all {ierwnS WheNnioever. NOW, THEREFORE, the cunduiun of this mortgage K wch that d the Mortgagor shall well and uuty wv unto the AssoLiation, rtie indebtedness P;,~3rnced by that ter earn prumissury note, of even date herewith, matte tqr the Mortgagor and VaYaL•le to the Asirxralron, in the principal win -----0NE HUNDRED THIRTY-SIR THOUSAND-------------------- DOLLARS 5 1.36 s 000.00 1. together wits interest es therein stated, payable over a term of 348 months, ailrf shau im• f+„m, curn{ily vwth and abate by rack arw every the atipulahuns, ayreernents, condihuns snit covenants contained end set forth in this munyage and in test promii5ury note tr<ar r!t hereby, men this mortgage and rt.e estate hereby created shell Leese arxf be null end voxf. TRANSFER OF THE PROPERTY; ASSUMPTION 3r all or eny part of the Property or an interest therein is sold ar transferred by Mortgagor without AssOCiation's prior wntten consent, excluding (a1 the matron of a lien or encumbrance subordinate to this Mortgage, Ib? the ueabon of a purchase money security interest for household appliances, (cl a transfer i.y devise, descent or by operation of law upon the death of a foist tenant or (d1 the grant of any leasehold interest of three years or less not containing an ~.s+uori to purchase, Association may, at Assouauon's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association ,hall nave waived such option to accelerate ii, prior to the sale or transfer, Asfoclallpn and the person to whom the Property is to be sold or transferred reach .iy, ee nient us v~nbug that the credit of such person K satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall tuft .r such rate es Assouatioir shell reyurst, H Association has waived the option to accelerate provided in this paragraph and it Mortgagor's successor in interest sat rtecutrd a wntten assumption ayrrrnient accepted in writing by ASSOCIatIOn, Assoda.ion shall release Mortgagor from all obligations under this Mortgage a•,d the Note. if Association e,teruses such oprron to accelerate, Association shall mail Mortgagor notice of acceleraUOn. Such notice shall provide a period of not less than 3U days from the date the notice is marled wnhui which Mortgagor may pay the sums declared due. If Mortgagor fails to VaY such sums Drior to the e,ipira- :.in of such prnod, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 1S hereof. AND the Mortgagor does hereby covenant aad agree 1 to pay al+ and singular the prinupal and interest and otMr sums of money payable by virtue of card promissory note and this mortgage. or either. promptly Ori the days respectively the same severally become due 2 Tu pay aft and singular the taxes. assessments other gpvsrnmsnur levees Irabddiss. obhgat:ons and encumbrances of every nature on said descnbsd property and the reeated debt scqursition each and every when due and payable accadirtg to law. before they become delinquent and. d the same shall not Oe Dromptly paid the Association msy at any time. either before o+ after dehrsquencY pay the same wdhout waiving or aNetting the option to foreclose. or any right hereunder aid every payment SO made shall boar mtenst from the data thereof at the rate of eighteen per cent 11881 {see annum 3 That file Mortgagor will keep all real and personal properly now Or hereafter encumbered Dy the hen of this mortgage insured as may be required from came to nine ~r the Association against toss by fire windstorm and other tNeards. casualties and contingencies for such ptnods and for not less than wch amounts as may be regu:red by ChB ASSOCNtipn artd t0 PaY Promptly when due all premwms for such insurance Mortgagor agrees to deliver renewal or replacement j vu' : yes of any nature or replacement cendreates of insurance to the Assocratitxt at !east ten (103 days Drior to the eripirabon Or anrxversary date of the ansting pnt,~_-.es Tfie amounts of inwrance regwred by ttiB Assoc,abon shad f>e minimum amounts for which said insurance Shall be wntten and it shall be incumbent „jx,r. the Mortgagor to marnfain wch addit+onat insurance as may tae necessary to meet and comply tufty with alt co-inwrance requuements costa+ned in said pu~~c~es to the end that said Mortgagor is rtot a co insuror ttssreunder Inwrsrt~e shat! be wntten bV a company a companies approved or designated fay the Assexiauon and as pohuss and renewals thereof sfsau De Mtd Dy the Association Au detailed designations by the Mortgagor which are accepted by the I ASSUt.Ntigi and alt agreements between firlortgagor and Association rslaang to insurance now existing or hereafter made. shall be in writing and sltau be a part of tnis mortgage agreement ss tuUy as though set forth verbatim herein and shalt govern both parties hereto and then successors and assigns No hen upon any i of sa,d polices of insurance or upon any refund or return premium which may be payable Ori the carsteltation or termmauan thereof. shall f» gwen to other than the Association s¦cept by proper endorsement aHi>ted to such policy and approved by the Association Each polity of msurancs shah have affued thereto a Standard New vpk Mortgagee Clause without COntnbution. mating all foss a losses under wch policy payable to the Associatan as ds interest may appear b, [fir evem any sum a sums of money become PaYSble thereunder. the Association shall have the OptiOrt to receive and apply the same on account of the in- debtedness hereby secured. or to permit the Mortgagor to rscerve end use rt. or any part thereof. wdti0ut thereby waning or impamng any equity. hM Or right arxfer and by vntue o} this mortgage in went of loss Or physical damage to the mortgaged fsrOperty. the Mortgagor shall give immediate notice thereof by mad 4 to the Association and the Association may make proof of bas if the same is not made promptly by the Mortgagor In event of ioreclowre of this mortgage. w otner transle+ of trtb to fns mortgaged propertK in ertUngutshment of tfie irtdebtedrwss secured hereby. all fight. titb and interest of the Mortgagor m and to any inwrance polices then in torts shalt pass to the purchaser a grantee TM Mortgagor further agrees to abide by the :ales and casting regulations o1 ifie Association. ir. conrssctron with rpwrrld iriswance coverage of tM property fNC1in encumbered t Paragraph t end tfsoss wMch fdbw era contained on tfte nwnfe side of tMS mortgage and by nferersu era incorporated into tM body of tfws mortgage. The terms Mortgago+ and Association, whenever used in this instrument, shell include tfte (stirs, pNSOnaf represtntatrves, wccessors M assigns of the refpettive parties hereto. Wherever used, the singular number shall include the plural and the plural the singular, and the use of any gender shell include all genders IN WITNESS WHEREOF, Chest premises have been executed on the day and Ytsi first above written. Stgned, stated srrJ dNrvered m [he Drtstnce ot- l/~ J ISEAII - - MARY L REA AN ~ ISEAl1 ISEAII _ ISEAII -r-- G~ sTATE of FLORIDA COUNTY OF MARTIN Ma 80 ~ t _ Y 19- fay ~ The lortgorny instrument was scknowftdgrd before rtse [his _1LL Oay of - ,f, ~ - - - ..?..t...r-.; MARY L . REAGAN ~ ~ , r, ' ~ - - _ . , - NO My commission eapirts -y - . ~-r~ ,.V•r'Lj f r•ivc r :CJni Jet ~1 Lf'~nVr• j;,; `~;.~.:.~Si'v:t LAY,r<~ ++lav 11 19b,~ Notary?uMic,Sbteol FLORIDA cC.i..:LJ ittK;t (,L.::rv,f. I:+S, ULD~KI~(alIfiSS 3~; ~K 332 PaG~ 482 .T.