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HomeMy WebLinkAbout0489 62020-2 ~ THIS MORTGAGE INDENTURE ~ I E.ecuttd this rfay of May1 , A.O., 19 $Q by ~ ~ _ • 4~0~5 RONALD DAVID HARMER, unmarried party of ttie stilt part IAttQi CHASE r FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existing under the laws of slit United States of AtMrrca, party of the second part (hereinafter called the Asitociahonl, WITNESSETH, That for divas good and valuable considerations, and to secure the paymem of the aggregate sum of money riamtd m the promissory note of wen date neiewith, hereinafter mentioned, together w,th interest thereon and all other sums of money secured hereby as htrtinalta piovidtd, the Matgsgor dots grant, bargain, sell, alien, remifl, reltase, convey and confirm unto the Atsocisuon, in fee swen~pM, the lolloW+ng dtfcribtd real estate, of which lht Matgsga is now served and possessed and in actual pmscssion, situate in the County of ST ~ LUC IE State of Florida, legally described as follows (See Legal Description Attached) TOGETHER with all sUUCtures and improvements now and hereafter on said Isnd and the hxlwes attached thereto, also together with all and singular the tenements, nrrrditamenis, easerMn[s, npanan nghts and appurtenances thereunto txtlongrrtq, a in any wise appertamrg, and the rents, issues, and protds thereof, and also all the estate, r,~hi, uue, interest end all claims and demands whatsoever, as well m law as m equity, of said Mortgagor m and to the same, and every part and parch thereof, and also alt gas en~f rlectric Ir,tures, rarlwtor s, heaters, mr cortdwomn9 eywpment, machinery, boilers, ranges, elevatorf and motors, bathtubs, sinks, water closets, water basins, pipes, 4+~.,cets, aril other Vtumbing aril heaany futures, mantels, refiigeraung plans and ice troxes, window x:reens, screen doors, venetian blinds, storm shutters and awnings, which err now or rnav hereafter pertain to or (e used with, in or on wilt premises, even though they to detached Or detachable, arc and shall be deemed to le fixtures and ecccsswns to the heenuld and a part of the realty, and, d the above tsescnted property K now Or shall haeattei le used for commercial purposes, they, the furniture aril fwmshings and ,nY replacements iheceof which may rte owned by the Matgagpr and which me now or may heieatlN (e located upon the above described property. TO HAVE AND TO HOLD the same, together with all the estate, right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and ,fe•ntarxl whatsoever, m law or in egwty, of the saxf Mortgages m and to Me same, and every part thtreol, unto the sand Association m fee simple. The Alortyawr hereby covenants with the Aswciatron flies! the Mortgagor is mileleasibly served with the absolute and fee simple ht1C to card property, and has full power, en.f lewtul authonty to sill, convey. transfer aril mortgage the same. that it shall be lawful at any erne ferealrer fa the Association to peaceably and qu,etty enter upon, r~.r. r, hind antf enliy nerd property, arxf every part thereof. that card property K tree and discharged from all bens, encumbrances, and claims of any kind, including to¦es and ssrnsments, except the hen herein, which is a first hen on sd,d property, that the Mortgayoi will make such further assurances t0 perfect the fee simple IiUe w said property rite Associat+ix, as may reasunaWy ne requui?d, and that the Mortgagor does hacby tally wauam unto the Association the title to card property and will ite4nd same ,:r.,.nst the mwtyaye claims and demands ut all persuns whomsoever- tiOW, THEREFORE, the condition of this mortgage is such that d the Mortgagor shall well and twly pay unto the Association, the indebtedness .-.fenced by that cemm~ prom,ssory note, of even date herewith, made by the Mortgagor and payable to the Association, m [ht principal sum FORTY FOUR THOUSAND, SIX HUNDRED and NO/100--------------------------ooLLARs 44 , 600.00 1, tigether with interest a: therein stated, payable over a tam of 348 montnK, a~1d shalt t~• lurm, comply with and ahrde by each arxt every the stipulations, agreemems, conditions and covenants comarned and set Imth m this mortgage and in the promrswry mite ,r. urea hereby, then this mortyaye end the estate hereby created shall cease and be null and void. TRANSFER OF THE PROPERTY; ASSUMPTION if all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior wntten consent, excluding la) the reation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliances, Ic) a transfer t,~ devise, 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 ~+i,tion to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable, Association >r.eli have,~varved 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 ,yreement iii .vrrting that the credit of such person is sat:sfaCtory to Association and that the interest payable on the sums secured by this Mortgage shall be 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 +~es executed a wraten assumptwn agreement accepted in writing by Association, Associa.ron shall release Mortgagor from all obligations under this Mortgage .rid the Nota- I/ Association exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration, Such notice shall provide a period of not less than i0 •!sys from slip date ilia notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor faits to pay such sums prior to the expira~ ..,r, of such periid, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereot- AND the Mortgagor does hereby covenant and agree ! To pay all and singular the principal and interest and other sums of money payable oy virtue of said promissory note and tMS mortgage. or either. promptly on the days respectively the same severally Decome due 2 Tn pay alt and singular the taxes. assessments. other governmental levies. liabrlitiss. obligations and encumbrances of every nature on said described property and the related debt acquisition each and every when due and payable according to law. before they become delinquent and. it the same shall not bs promptly paid the Association may at any time. either before Or after dehnquenty. DaY fete same without waiwng Or affecting Ilia optan to foreclose. or any right 7, T hereunder. and every payment so made shall bear interest from tM date tMreof st the rate of eighteen per cent Ilf3`>bl per annum = 3 That the Mortgagor wdf keep all real and personal property now o? hereafter encumbered by the hen of this mortgage insured as may bs regwred from time to - - - t+n,e by me Assixration against loss by fire. windstorm and other hs:ards. cssuatues and contingencies for such periods and for not less than such amounts as - - ~ may be regwred by the Associaton and to pay promptly when due all premwms for such insurance Mortgagor egress to deliver renewal or replacement ~ pihues of any nawre or replacement certif,catss o/ insurance to the ASSOCiiUOn st Isast ten Il Or days prior to the expiration or anniversary date of the existing t.oh_res The amounts of insurance rsgwred by the Association shall br mirnmum amounts for which said insurance shall be wrdten and d shall be incumbent - upon the Mortgagor to mam[ain such additional insurance as may bs necessary to meet and comply fully with all co-insurance requirements contairterd in said - I)Of~Lres to the end that said Mortgagor is not a co-insuror thereunder Insurance shall De wntten by a company Or compan+es approved a designated by the ~ Asstx,ation arxf all policies and renewals thereof shall be held by the AssocNUOn All detailed designations by the Mortgagor wMCh• are accepted by the ~ - Association and all agreements between Mortgagor and Association relating to insurance. now existing or hereafter made. shall be in writirq and shall bs a part _ ~ of this mortgage agreement as fully as though set Forth verbatim herein srW shall govern both parties hereto and rhea successors and assigns No lien upon any y of said pobcres o! insurance or upon any refund or return premium which may DO payable on the uncellahon or termination thereof. shall be gwen to other than 1 - ine Association. except by proper endorssmsnt sNixsd to such policy and approved by the Associaton Esch policy of insurance shall ftatre aNusd thereto s - Standard New York Mortgagee Clause without Contnbution. making all bas or losses under such policy payable to the Association as its interest may appear 1 ~ In the event any sum or sums of money become payable thereunder. the Association shall Mve the option to receive and apply the same on account of the in- € - debtedness hereby secured. or to permit the Mortgagor to rscsi.e and use rt. or any part thereof. wdltout thereby waning or irttpsinrsg any egwty. ben or right i r1 ~ ~ under and by wrtue of this mortgage In event of loss or phyucsl dsmsge to the mortgaged property. the Mortgagor shall give immedrats rwUCe thereof by mail to the Association and the Association may make proof of loss d tfte same is rat made pomptly by the Mortgagor In event of torsclosure of 1Ms mortgage. w ~ 0 other transfer of title to the mortgaged property. m extinguishment of the indebttsifrtess secured hereby. alt nght. Usk srtd interest of the Mortgagor m and to B ~7~ 4 any insurance policies then m force shall peas to the purcMssr or grantee TM Mortgagor further sprees to abide by the rules and existing regulatrons of the Association. in connection wdh requued mwrance coverage of tM property Mnm encumbered L Paragraph 4 and those whech follow ere convened ors the reveres side d tMs mortgspe end by n(ereriq are incorporated into tM Dody of this mortgage. The terms Mortgagor and Aisociitipn, whenever used rn this instrument, shall include the heirs, personal representatives, sirccrssors Or assigns of tfie respective parties rereto. Wherever used, the si tar number shall include the plural and the rural the st genders. rtgu p regular, area the use of any gersder shall include all 1N WITNESS WHEREOF, these premises have been executed on the day and year first shove written- SgniW, sealed and dNivered in the preslrKe of. , ~j~ _ ~ " ~ , ~ (SEAO RONALD VID HARM R ~ ISEAkI ~ (SEAL) ~ ~s~ _a e _ STATE OF HAWAII COUNTY Of ~ 1 • i The tortgoirsg insuument was acknowledged before nit thK dsy of May _ , 19 80 tilt tee! St - _ r - ~QNA~rD ~DIAVID MARb~ER, unmarried ~ r~_ - ~ ~ r LEND RE j-. - ! My CGflMfliuiO~t expifef ` ~ ~ ' ary Ptraic, state of HAWA - TH f RD ?ublC~f~L IRCU ~T ~~~x~~ PEE 488