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THIS MORTGAGE INDENTURE y X69
E,ecuted Ihn day of August . A D., is 80 , by
C. SHELTON JAMES and MARCIA C. JAMES, husband and wife
party of the lust part (hannalter called Murtyayurl, to
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION
• corporation existing urNllr flit laws of the Unwed Slates of An+er,ta, party of the setuncf pert IAeremelter called the Assocratwnl.
WITNESSETH, that lo+ seven yrxxl arxf valuable ccros,tlerations, and to secure the payrneril of the eyyrtgste cum o1 n+ineY nsn+ecf u, the pn+mrtuiry nu+r of rtrn date
herewith, f+erernahp mentioned, together with interest thaeun and ell oche. sums of money secwecf hrrehy at hrre,nalter pruv+tltd, U+e Mortyayu+ duet gent, bary.un, tell,
shin, ram+se, release, convey and confirm unto the Atuxrahon, tutee timple, th! nollowiny rfeur+Utd real hall, it wA,ch the MwtyegrN n now Llrted arut pufsetted .md ,n
xwal prnsessron, arcuate m the County of $t . Lucie State of F linda, Itgally dru nherl
asnollows Condominium Parcel No. 7141, of CATAMARAN II, a Condominium, according to
the Declaration of Condominium thereof, as recorded in Official Records Book 334,
at Page 2451, and any amendments thereto, of the Public Records of St. Lucie
County, Florida.
SUBJECT TO terms and conditions of above Declaration of Condominium and any
amendments thereto, and reservations, restrictions and easements of record.
TOGETHER wdh au structwes and rmpr ovevnenn now and hereafter on caul land and the 1+.cores atiathM) thereto, also tOyelher w+th au anrf srngular tAe trnemr,rts,
nertddaments, raatmtnts, npanan rights end d{+{+urlrnanctt thereunto helonyiny, or m any w+se ,+{,{rerta+nrng, and the renH, sues, and prt+lrts thereol, arNf also ell the esrore,
nyhl, Idk, rntaesl and alt cle,ms end efemands whatsoever, as well m law M m egwty, of sa+d Mur tyayor m dnd to flit same, and every Van and parcel therein, and alto alt y.n
end elKUrt Ir¦twes, rdihator s, heaters, au cundwr,mny alugNnent, math+nery, tN,dtr s, rerxtes, elevatu+s and motrn, twthlubs, tanks. water tlosett, water bat,n:, py,et,
lauctts, and other plumb+nq and heahny fa¦rw rs, mantels, retnyrrahny plans arNf +ce tNr¦es, window .a teens, screen sewn s, venetian blinds, storm tt+une,t end av. n+n7s, vth,r h
are now or may hereafter {wrtain ti it I+r user! w+th, +n it un taw) prem+ses, even thuuyh they he d+techrrl it rlrt.+c.hetdc, are ood thJll hr rternirif tr, I+e Ir. tu,r: end .r..rtt,nnt
to the heehold and a {w,t of the realty, and, +1 the alx,ve deunlwil pn,perty w now m spat! he, ealter be user! for u.rnrneruel pu,{roses, then the fwn+turr and fur mtrungt end
any rtplxements Ihereol which may tN• uwnetl by the htoru}ryur anif which are now or may hrrralte, err Icxatrrl u{N,n the ehovr dewnhrrt pro{,rrty
TO NAPE AND TO HOL O the same, tr.w;ether wish all the estate, nyht, hUr, tine, rsi, hurnesleed- suture nnef right nl rliwrr, tapes, ate estate, pustrsvun- + term and
demand whatsiever, m law or m eUU+ty, if Ihr find Mur ty.+yw m arNf Ii the same. and rvrry Part Ihrrrol, unw the sard Auouehun m nee sunplr.
The Mor tyayur hereby cover+anK with the Attr,i rahcin that the htor hf.+yrn +s +ncleleaubly Setter! w,th the .dxolutr and tee sunplr title to card proper ty- .+nd lies full {N.,vrr
ancf lawful aW hurrty to sell, a,nvey, u.+ntlrr ,uNt mur ty.p;r the same, th.+t rt shat! be lawful at any finer her e~+l ter tie the AstncrnLOn to pe.+r r•+Idy and gwetly enter up"n,
nave. hOW and en{oy seuf {rr p{,rrly, arNf rvrry part therrut, th,H uul pro{,rely s Irer arNf cbu her yid In.m all Lent, em umbrancrt, and tlnntn ul any 4ur•1, rr+t bf•l:ng t.u et nrNl
assessments, a¦cept the hen hereof, which rt a lust hen un sard pro{,rr ty. that the hl u, tya.lr it wdl rnnir wih tw U,er atsw encet to {,erlrct the lee urnplr ntle u, t.nd proper ty
.n the Assoc whtxr at may +rasonably hr rryuu ed, and that the M.w tgayu, dots hereby fully wen ant unru the Atsii ,anon U+e t+tlr ti u+d {,r a{N•rty and rail rfrlrnd t.nn!
aV.unsl the mirlyeye clams and rten,andt of all {,r+tons whurnstq•ver.
NOW. THEREFORE, the cund,nun it th+t mur tyage n su[i+ that J the. Mortq.+yur shalt well and truly pay unto flit Aura wtiun, the rndet,rrrlnrts
evatenced by that certain pn,mntu+y Hutt, it even date hrrew+th, m,N)r by flit Mwufayur and {,ayaLlr ur the Auuu.+non, ,n the pnn+.gnd sun.
+r+ -------FIFTY-FIVE THOUSAND-------------------- rlrx 1-Ants
is 55 , 000.00 nxrether w,,h inter est at therein sea+rcf, peyeldr over a te+m n1 348 rnnnrhs, end shall
parlor m, comply w+th arNf abuse by each ,md rvrry the thpulahuns. .+yr Crmentt, tond,tiont and covenants U,m timed ena Set Irorth m Lhrl mur tye~li- end m rhr prwnrttory note
secured hereby, then Ihrs miriym)e end IhP estate hereby creatwf shall tease and tie null and vnrd.
TRANSFER OF THE PROPERTY; ASSUMPTION
If ell or any part ut the Property or an interest thereu+ is sold or transferred by Mortgagor without AS10C1allOn't print vvntten consent, excluding !al the
c reabon of a hen or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for household appl,ances, Ic) a trensfer
try devise, cfetcent or by operation o1 law u,,on the death of a {oint tenant or Idl the grant o1 any leasehold interest of three years or less not conia+mny an
option to purchase, Association may, at AssxiaLOn's op[ron, declare all the sums secured by this Mortgaye to be nnrrN:Wately due and payable. ASSOCIat10n
shall have waived such option to accelerate d, prior to U+r sale or transfer, Association and the person to whom the Property rs to be sold or lean steered reach
agreement in waling that the credit of such person rs satisfactory to Association and that the interest payable on the Sums secwed by flies Mortgage shalt be
at such ra[e as Association shall request. If Association has waived the option to accelerate provideef in th+s paragraph and d MDrtyagor's successor in rnterest
has executed a written asswnptior, agreement accepted in stiriting by Assouation, Assouation shat) release Mortgagor from all oblrgatiuns under this Mortgage
and the Note,
It Associauonexerusessuch option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall providaa period on rot less than s
30 days from the date the notice is marled wrthm which Mortgagor may pay the sums declared clue. If Mortgagor tails to pay suchhu ms prior to the exV+ra-
tron of such period, Assoua:on may. without further notice or demand on Mortgagor, invoke any remed,es permrtteef by paragraph 15 hereof.
AND the Mortgagor does hereby covenant and spree
1 To pay all and singular lt+e prinC+pal and ,nterest end ocher sums o1 money payable Dy virtue of sard promissory Hite and tAis mortgage. or either promptly or+
the days rQSpettrvely the Same severally f]eCOme due
2 To pay all and singular the taxes. assessments. other governmental levies. bab+bues Ob6gabons and encumbrances of every nature on sa+d descnDed property
and the related debt acgwsrt+on each and every when due and paYabte according to law. before they become delinquent and. rf the same shau r+ot be promptly
pars. the AssocraUOn may ai shy time. edher before or alter dehnquencY. Day the same without waving or afttcbng the Op[+On to foreclose or any right
hereunder. and every payment So made shall Dear interest from the date thereol at the rate of enlhleen per cent r 18'-.1 per annum
~ 3 Tpa: the Mortgagor will keep all real and personal property now or hereafter encumbered by the hen of tn,s mortgage +nsured as may be requ+red from t+me to
i j:~ c ~ -Trine by the Association against toss by Ere, windstorm and other hazards casualties and contrngenaes for such periods and for not less than such amounts as
-O o m may Ge required Dy the Assoc+ation and to pay Dromp;ly when due all prem,ums for such insurance Mortyagor agrees to delver renewal or replacement
~ pol+cies of any nature or replacement certificates of ,nsurance to the Associat,on at Least ten 110! days prior to the exp,ratron or ann+versary date of t12e exrst+ng
G .r po6ots The amounts of +nsurance requued by the ASSOCiaiion shall be m+rnmum amounts for wMcA sa+d insurance shall Ot written and rt shall be +ncumDent
1 u Q L, ~ upon itie Mortgagor to maintain Such additional ,nsurance as mey be necessary to meet and Comply fully wdh al! co~inswance regwrements contained +n Said
Q O ~ polic+es to the end that sard Mortgagor r5 not a co-irsuror thereunder Insurance shall De written by a company or COmpan+es approved or designated by the
2 O r rq Assouation and all pol+cies and renewals thereof shall be held by the Assoc+ation All Beta+Ied des+gnatrons by the Mortgagor which are accepted by [ne
u't ~ Association and all agreements between Mortgagor and Assocrauon relating to +nsurance. now existing or hereafter made. shalt De in wrung and shatf be a part
rY Q ~ of flies mortgage agreement as fully as though set forth verbatim herein and shall govern both parues hereto and then successors and ass+gns No hen upon any
3 ~ Of Said pObG6S O( inSUranCe Or Upon any refund Or return prem+Um Wh+Ch may tit payable On If+e CanCellal+On Or terminaUOn [hereof. Shall be given to other than
T' .O O the Assocratron. except by proper endorsement atf+xttd to such policy and approved by the Association Each pd+cy of +nsurance shalt havs affixed thereto a
c ~ ~ tL Standard New York Mortgagee Clause witfrout Contnbuuon. making all bss or bsses under such policy payable to the Association ss ds ,nterest may appeal
~ to the event any sum or sums of money become payable thereunder. the Association shaft have the Opfron to rece+ve and apply the same on account o1 the in
~ ~ Q 3 ~ ° debtedness hereby secured. or to perms the Mortgagor to receive end use d. o+ any part thereol. without thereby warv,ng or rmpa:nng any ego+ty. 6th or nghr
[ ` ~ ;undo and by vutue of th+s mortgage In event o1 toss or physical damage to the mortgaged property. the Mortgagor span give +mmedrate noUCe thereof Dy mad
Q ~ H to the ASSOCraUOn and the AssocratiOn may make proof of foss d the same rs not made promptly by the Mortgagor In event of lorectosure of this mortgage or
other transfer of title [o the mortgaged property, to exttngurshmsnt of the rndebtttdness secured hereby. all nghr title and rnterest of the Mortgages rn and to
~ Q any insurance pohues then rn force shall pass to the purchaser Or grantee The Mortgagor further agrees to abide by the rules and exisung regulations of the
- ~ ASSOCraUOn in connection with ragweed insurance coverage of the property harem encumbered
i ~
4 Paragraph 4 and those which Idbw •re containad on tM ravarse side d this mortgage and DY reference are incorporated into the body of tMS mortgages
The terms Mrxtgaga and Asstxution, wheritver used rn Ihrs instrument, shall ir+tludt Me hens, personal represtntatrvts, wccessors or assigns of the respective part+es
hereto. Wherever used, the singular number shall include the plural and the plural the srngular, and the use of any gender shall include all genders.
iN WITNESS WHEREOF, th premi h e Dien executed c the day and year first above writ
¢ S ,sea and dNivered r he pr of
C ~ ISEALI
` ~ ~ C . SHELT JAMES
ISEALI
as t C. She James
e / / LTM ISEALI
R C. J ES
q ISEALI
as to Mar a C . James r~ o
~t M~+,,~
STATE OF ORIDA __couNTV oF~(e~~~i~. ~ _ ,
~~r
w '
The IOregoing instrument roes xknowledgttd txlore me this _1 day of _ 19 by ~1tie _
MARCIA C. JAMES
1~ett.a~.~
~01Ti Y ~UBLTi~3Y~TfOf FIORIDI~`ATj _ ^ ~ C i l.~tNOER
Mycommrssanexpire~ MY COMMISSION EXPIRES MR 9 1981 1 ~
~IVtYr? Tvart '.r•vr,+r 1`75 Uf~RWRITfRS ~ ~ `
Notary PL,D1K, start of _
FI,OR IDA '
t ~ Y
r: , 141
-'K 336 PaGE
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