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Home My WebLink About0953 lt~,-~_ : :RACK co. C?59A kc i~.-; -4~,:i.~~~,, UI2. ~ 450162 63795-2 Ti ?i1CS1A, (LA. .13458 THIS MORTGAGE INDENTURE 305 - 7 5558 Executed chi:.S' day of June . A.o., f9 80, oy LAURII~iCE F. ~IADbOGK, u>~~1Arried, JOHId S. FORD, unmarried, and HARJORI$ V. FORD party of tM first part (hereinaUer called Matgagal. to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION s eapwation exesurq under 1M laws of tM Umted States of America, party of tM second part (hereinafter Called tM Astocutionl, WITNESSETH, TMt 1a divers good and valuable consrderauons, and to secure tM payment of tM aggregate vein of money named in the Rromissory note of even date Mrewith, lrereirraleer mentioned, together wah interest thereon and all other sums of money secured Mreby as Mreusalter provided, the Mortgagor does grant, pargam, sell, abM, remise, release, convey and confirm unto the Association, in fee simpN, tM lollowrng dtscritetd real estate, 01 which tM Mortgagor is now shred and possessed and in xtual potstsswn, aware rn the county of eSt . Lucie state of Florida. legally described n follows: RF~~~Y'J = yO.O D tN PAYN~`IT Cf TAXE= 30.~~ (See attached description.) ~ - F~'~An• i i,,:3,:'Ni TO : ti s'.,S GF tan. CLfiiK Cl31CIItT COURT. ST. LUgE C0. TOGETHER with all striKwres and rmprOVenrMt! now and Mreafter on said land and the fixtures sttxhed thereto, also together with all and singular the tenements. hereditarrrents, easements, riparian rights and appurtenances thereunto belongirp, a in any verse appertainirrg, and tM rents, issues, and profits thereof, and also an tM estate, nght, true, interest and all claims and demands whatsoever, as well m law as in equity, 01 said Mortgagor in and to tM same, and every part and parcel thereof, and also an gas and tNctric fixtures, rsdrators, heaters, air condruoning egwpmem, mxhinery, balers, ranges, Nevators and motors, bathtubs, sinks, water closets, water basins, pipes, faucets, and other ptumbrrsg and heatirsg fixtures, mantels, relrigeraung plans and ice boxes, vnrsdOw screens, screen doors, venetian blinds, tram shutters and awmrsgs, iNhich are now or may Mrealttr pertain to a ere used with, in or on card preritrt!•, even though they b! dltxhttd Or dttxhabN, are and shall tle deemed to b! tixwres and accessions to tM Ireehdd and a pxt of tM realty, and, it tM above dtiCrrbed poperty is now Or tJra11 hereafter be used la comrrrercral purposes, then tM lurnrture and turmshings and any replxtmems thereof which may rte owned by tM Mw tgagor arW which are raw or may hereafter be located upon tM above desCnbed property. TO HAVE ANO TO HOLD the same. together with all the estate, nght, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, in law a rn equity, of the said Mortgagor in and to the same, and every part tlrereol, unto tM said Association in lee ample. The Mortgagor hereby covenants with tM ASSOCiation that tM Mortgagor rs rndeleasibly seized with tM absolute and lee simple title to said property, and has lull power, and lawful authority to sell, comrey, uansfer and mortgage the same. that rt shall be lawful at any trine Mrealter la tM Association to pextsably and quierty enter upon, nave, hold and copy card property, and every part tMreot; that said property rs free and discharged from all Irene, errcunrbrarxes, and claims of any kind, irrCludiry tames and assessmems, except tM lien hereof, which rs a lust tiM on card property: that the Mortgagor will make such further assurances to perfect the lee simple trek to card property m me Association as may reasonably be requued: and that the Mortgagor does hereby fully warrant unto tM Assotiauon the title to said property and wdl defend same d9,rinst the mortgage claims and demands of all persons whomsoever. NOW, THEREFORE, the corrdiuon o1 this mortgage is such that d the Mortgagor shall well and truly pay unto tM Association, [fie indebtedness evidenced by that certain promissory note, of even date herewith, made btr the Mortgagor and payable to tM Association, m tM Drincipal sum ~l TWENTY THOUSAND------------~----- DOLLARS f520 , 000.00 1, together with interest as therein stated, payable over a term of 348 months, and shall perform, comply with and abide by exh and curry the stipulations, agreements, conditions and covenants contained and set forth in this mortgage and m the promissory note secured hereby, then this mortgage and the estate hereby uNted shalt cease and bt 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 written consent, excluding Isl the creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d1 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 sums secured by this Mortgage to be immediately due and payable. Association shall have waived such option to xcelerate if, 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 cradi[ of such person is satisfactory to Association and that the interest payable on the sums secured by this Mortgage shall be at 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 has executed a written aswmption agreement accepted in writing by Association, Association shall release Mortgagor from all obligations under this Mortgage and the Note. ~ - If Association exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall p?ovide a period of not less than 30 days 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 the expira- tion of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AND tM Mortgagor doss Mreby covenant end spree t To pay alt and singuar tM principal and interest end otMr sums of money payable by virtue of said promissory note and this mortgage. a srttter, promptly on the days respectively tM Sams sewrslly become dw 2 To pay all and singular tM taxes. assessments. otMr gowrnmenul leviers. hsbikuss. obligations and encumbrances of every nature on said desarbed property and tM related debt xquisitron each end every when due and payable according to law. bstae tMy become delirqusnt end. d tM same shall not bs promptly yard. tM Assoceation may at any nine. ertfrer betors or after dekrtquency. pay tM seine without warwng or affeairp tM option to toretlose. or any nght Mreunder, arA every piymsnt so made sMll beer rntersst from tM date tMreol et tM rate of eighteen per cent 118'!61 per annum 3 That tM Mortgagor wdl keep all real and personal property raw or Mrsaftsr encumbered by tM rich of this mortgage ensured as rrrey be regtiued from time to time by tM Association against kxs by fire. windstorm and otMr M:ards. cawattres and Contingencies for such periods and (a not less tMn such amounts ss ~I may be .egwred by tM Association and to pay promptly when due ell premiums for wch insurarsce Mortgagor sprees to dskver renewal or replacement policies of any nature a redscement csni6cates of mwwnce to tM Association. at least ten 1101 days prior to tM expiratrori a arvuwrsary data of tM existing polices TM amounts of insurance rsquved by tM Association shall be mirsrmum amounts for which said insurance shall M written end rt sMll be recumbent ~ upon tM Mortgagor to maintain such additional insurarsce as mey be necessary to meet and comply fully with all W-insurance requuements contained rn sad po p gor is not a co-erssurOr tMreunder Insurance sMll be written ~ ~ fierce to tM end that said Mort a by a company a coerparties approved or designated by tM Association and all pdx;iss end renewals thereof shall be Mld by tM Assoaation. All detailed dssignatrixts by tM Mortgagor wMch ere accepted by tM E Association and alt agreements between Mortgagor end Association relatrrsp to insurance. rsaiv existing or hereaher made. sMN be rn wntirsp and shah tit a part of this mongage agreement es fogy as tltotegh set forth verbatim Mrern and sMll govern both parties hereto end theca successor and assigns. No ken upon any i of said policies of rnsu?arxe or upon any refund or return premium which may be payable on the pnce!4tion or terminstioe tMreol. shall be given to other than i tM Assocratron, except by proper endorsement affixed to such policy srd approved by the Assixietron Each pobcy of inwrarsce sMll have affixed thsre[o s t Starsdard New York Mortgages Clause vnthtwt Contribution. rnalurrg all bas or bases under such pdity peysbh to tM Assoaation es its rntsrest mey appear ~ In tM event any sum or sums of money become payable tlserwnder, tM AssoGation sMll have the option to receive and apply the same ore etcount of tM rn- debtedrress Mreby secured, or to permit tM Mortgagor-to repiw and ass rt. or any part thereof. without thereby wemrsg or impairing any equity. ken or right under and by wrtue of this mortgage In event of ties or physical damage to tM mortgaged property. tM Mortgagor shall give irrtrrtediate notice thereof by mail to tM Association and tM Association may inch proof of bas if tlrs same is rat made promptly by the Mortgagor. In event of toret~owrs of this mortgage. a other tianster of title to tM mortgaged property. in exuriguitthrrtent of tM iredebtexlrsess secured Mreby. eN right. title and inures[ of tM Mortgagor in and to l any inwrartte polities reran m force sMll pass to tM purchaser or grantee. The Mortgagor furtMr agrees to abide by tM ruNs and existing regulations of tM Association. m connection with requued insurance coverage of tM popsty Mrein encumbered. t Paragraph 4 and those wlrch foNow an conuieed rxt tM revery side of this mortgage erred by referenq en incorporated into tM body M this mortgage. TM terms Mortgagor and Association, whenever used m this instrrrrrtent, shall irrdtrde the heirs, pertxirtsl reWSSentativts, st?ocessors or assigns of tM respective parties hereto. Wlserever used, the sirqular nuneber shall include tM plural and tM plural tM singular, and tM use of any gtirrder shall include all genders- IN WITNESS WHEREOF, [hest premises have been executed on tM day and year first above written. _ SigrNd, and dNivere0 m tM presence of: ~ ~r ~ ISEALI E ~D K t ~ s ` Q ~ ISEALI OHN S: FORD ~ Q a~t-~ ISEALI f IE V. FORD F ISEALI i STATE OF ILLINOIS COUNTY OF~~ Q~ a t TM laegarg instrument was xknotMedged before me this ~L~' day of June , 19sS[ by t LAURENCE F. HADDOCK, unmarried, JOHN S. FORD, unmarried, and ~ 1iARJORIE V. ~RD r MY CorrtnuuiOn e:prres ~erV ~ Y • = y,. +a" ILLINOIS XY '~f'_ Notary Public, State of - r L ..r.. ' ~3~3 P~ 951 -