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Home My WebLink About0248 - C-783A pg 64688-8 1~~ THIS MORTGAGE INDENTURE _,.-.5336' E.e<~ta chit ],Z .day of $@pt@mb@1• . A.o..19 80 • by ROBERT N. ROS3I and ELIZABETB R. R088I, husband and Wife, party O) tM fast pal (htreiMllN Called Morlflagorl. to ~ CHASE FEDERAL SAVINGS AND L(fAN ASSOCIATION . corpol, tan existing under the Iaws of tM United Sates of AmNica, party of tM setorrd part IheranaUN called tM Astotiatp~). WI ESSETH, That la divers good and valuable catsrderauons, and to titan tM payment of the aggregate sum of tttoMy wanted rn the Womrswry note of corn ores here hererMttN lrtefitiOMd, togathN with interest thereon and all othN pins of many retuned IierebY es liereutaltN prwitfad, tM Matyapor does gent, baryarn, sal, ahem, refnrte, rekiN, convey Nrd contain unto the Auocaiabon, ht lee sirrrpk, tM lollowirrg dascribeQ real elute, of vvhid? tM Mortgagor is now seised std possessed and M xwal possesswn, aware m the County of $t . Lucie State of Flada, legally deathbed as follows. (s@@ attaCh@d) ~ryfp 00 IN PAYMENT OF TAXES DpE Off ClRSt 'C' 1!ITAKS•BLE PEaSOlIAL PftOPERiYr S Q ~ PWiSlIANf TO t.HAPTEt 71•+~4, ACTT OF M71r . ~ ROiER POITGAS a~ uurtt cowls sT. t~pt ~ TOGETHER wuh all structures and irrrprovements now and hNNlter ors said land and the hxlwes attsclNd thMtto, also togethN with all and angular the eerierrrents, nerrdrtarrierits. easements, riparian rights and appurtenances thereunto belorgirrg, w in shy wise appertaining, and the reins. itstret, and profits thereof, and also alt the esuu, r rynr, trek, intNest and all ctaimf and dernirtds vliliatsoever, as well in taw as in equity, of said Mortgagor in and to the same, and corny part and parcel thNeot, and also all gas and ekcurc trxtwes, radratas, heaters, au conditioning equipment, machinery, boilers, ranges, skvatws and motors, bathtubs, sinks, vwur closets, yWtN banns, Drees. iaurots, and other Plumbing and heating lixwres, manteh, relrgeraung plans and ice bones. YvindOW acrtMS, screen doors. VeMtiin blinds, seam shuttNS and awnings, WhKh are now a may herealtN pertain to or Ix; used with, in a on sad premitet, even though they be detached w detschsbk, are and shall be deensed to lxt futures and accessions to the Ireehdd and a part of the realty, and, it the above described popNty is now w shall hereafter be used for commercial purposes. then the furniture and IurniSlirnlgs and any reptactments tMreol which may be owned by the Mortgagor and vvlsicli are now w may fiNealtN Ise foaled upon the shove described poperty. TO HAVE AND TO HOlO the same, together with all the estate, right, tick, intNest, homestead, dovvN and right of dower, separate estate, posseision, claim and demand whatsoever, in law a in eyurty, of the sad Mortgagor in and to the same, all every part thereof, unto the said Association in fee simple. ; The Mortgagor he.ebY covN?xits rvrth the Astociabon that the Mortgagor is rridefeasiWy seined with the absolute and lee simple tick to said property. and has lull power. an:f iawtul authority to sell, convey, transfer and mortgage the same: that it shall be bwful at any tun! hereafter to tM Association to peacesftlY and quietly enter upon. - ~ nave, hots aryl enjoy said property, and every Part thereof; that said property is tree and discharged Irom all Irons, encumbrances, and clauns of any kind, including taxes and j assessments, except the Iron hereof, which is a first Iron on sad poperty: that the Mortgagor will make such turthN sswrances to perfect the tee sutipk trek to sad popNty .n ire Assocubon as may reasorralify be requued; and that the Mortgagor does hereby fully "warrant unto the Association the trek to sad property aridvwll defend same } F aiya.nst the mortgage claims and derriarwfs of all persons wliomsaerer. NOW, THEREFORE, the cordraon o1 this mortgage n such that d the Mortgagor shall well and truly pay unto the Association, the indllstedriess rv~denced by that certain promr:say note. df ouch date herewith, made by the Mortgagor and paysbk to the Associatan, in the PrinKipal win ~fTHIRTY T~U3AND--~---------------------------------------------------~OILARS .s 30 , 000.00 together with intNest as therein stated, paysbk ova a term of 348 months, and shalt i>er form, comply with and at>.de try each and every the strpulauan, agreements, conditions and covenants contained and set for Ih in this mortgage and m the promissory note sea.~ured neiebY, rhea this mortgage and 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 K sold w transferred by Mortgagor without Association's prior written consent, excluding (s) the-' creation of a lien or encumbrance subordinate to this Mortgage, (b) tM creation of a purehsss money security interest for household appliances, (c) a transfer i,y devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any kssehold interest of three yeah w left not containing an uprion to purchase, Association may, at Association's option, declare all the wins secured by this Mortgage to be immediately due and payable. Association shall nave waived such option to accelerate if, prior to the sale or transfer, Association and the parson to whom the Property is to be~sotd or transferred Teich agreement in writing that the credit of such person is satisfactory to Association and that its interest paysbk on the wins secured by this Mortgage shall W .ii such rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and if Mortgagor's wcassor in interest r has executed a written assumption agreement accepted in writing by Association, Associa.ion shall nksse Mortgagor from all obligations under this Mortgage and the Note, : It Association exerciseswch option to accelerate, Association shall mail Mortgagor notice of ataleration, Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Mortgagor may pay the sums declared due: It Mortgagor falls to pay such wins prior to the expire- n inn of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 Mreoi. AND the Mongaga dws hNeby covenant and aprw r 1 To pay all and singular the priricipsl erred interest and other wins of money DaYabk by virtue o1 sad promissory rate and this rriortgspe. or either. promptly on _ the days respectively the same sewnlly become dw - 2 To pay all and srrpular the taxes. assessments. other governmental levies. liabikties. oWrgstioris and encumbrances of every nature on sad described property and the related debt acquaiticai each and awry when dw and payabk according to law. Defoe they become dehrquent and. A tM same stiaU not be WornPtb t pad. the Association may at any bins. either before a aher deknquency. pay ttN same without warvirig a sHoctirig tM option to lorecfose. or any right hereunder. and every payment so made sf?atl bear intNest hom tM date thereof al tM rats of eghtean per cent 1187W per annum ~ pt 3 That the Mortgagor will keep aN real and personal property now or MrNhes ericurnbered by tM fern of the mortpags irwrred as may W regwred from bme to c ?7 nine Dy the Asaxiatan against bas by fue. windstorm and otMr hazards, usuahies and contingencies for such periods and for rat less than such amounts as "a o m may be regwred by the Asrociatar? and to pay promptly wMn dW all prerruums for such uisurarice- Mortgagor sprees to dekves renewal or replacement ; 'v r policies of any nature a replacement certificates of insurance to tM Associaton. at least ten 1101 days prior to the expiration or aruxwrsary date of [hs existing ! o Q ° a ~'c'~ The amounts of mwrarioe required by ttre Ataacistan liftoff W minmum amounts (or whits sad inwrance sMU be vvhttsn and it shall be incumbent L ~ upon the Mortgagor to mamts,n such additanal mwrance as may be necessary to meet and cwnply fuNy with erg oo-mwrance requiremNits contained m sad u Z s rr f policies to the end that sad Mortgagor is rat a rep-instiror thareurider. Inwrarice shau be written by a company or companies approved a designated by the Assocwtan and aN ppDtNS and reriewab tMriot shag be IIeW by the Assttaation. Au Muikd desrgnatarrs by the Mortgagor wtxcti are stapled by the Il ~ ~ Association and aN agreements Mtwean Mortgagor and Associaton relating to inswarice. now exiatrrig a Mreaher made. shag be M writing and shall bs a part o W ~ ~ of this mortgage agreement as fuNy as though-set forth verbatim Mnein and shall govern both WrUes hNeto and char suoussors and assigns. No Dart upon srry j 3 F.. ~ of said pdicies of iriswsnce or upon any refund w return premwm which may W payabN on the cartcsUatiorr w termuatan tMreol. shag be given to other than ~ S ~ ti the Association. except by proper eridongrtiertt aH~ed to such policy and approved by tM Association. Each policy of xiwrance shag have Muted thereto a o C~ Standard New Yak Mortgagee Clause without Contribution. making eg loon a bases under such pokey wyaae to the Association ss its interest may appear. ~ 5 o to the event any win a wins of money become payable thersuedes. tM Assoaatan shah haw 1M optan to receive and apply tM same on account of lets m- Q 3 o debtedrress hereby secured. or to permit tM Mortgagor to reneiw and uN it. or fury part tfiereol. without thNeby warvirp or impairing any equity. keri or rght ~ d ~ y other aAssociatiori and tM souatae may make oo/ ~ f then swine is ra prompt~b~y the Mortgagor- In wert¢t of twecbwr O this mortgage. or N other transfer of utN to tM mortgaged property. m extiripughmMtt of the irrdgbtedrtps secufad heseby. aY right btN and mtMat of tM Mortgagor in erred to s ~ ~ aritr mswance pdicars then M fora shah pass to tM ptinchasN «grantee. Tire Mortgagor further sprees to abide by tM rules and existwtg rtpulatioris of tM f-- ~ Assoaation. m coruiection with requued insuranq t:oresape of the property Mrein entaimbered. a t Paragraph 4 and those whch follow are contained on tM rewrN stile of this morlpege and by rebrNice ere rtcorporated into tfie bony or this mortgage. 1 e The terms Mortgagor and Association, whenever used m this instrument, shall include the freirs, personal representatives, waxssors a 1 the respective parties S hereto. Wherever used, the angular nunibN shall incliid! the plural irid the plural the sinigukr, and the use of any gender shall irttlude all geridN T IN WITNESS WHEREOF, tfase premises haw bean executed on tIM day and year fine above writun. Signed, sealed and delivered m t pnesenu ot: - ~ i J f///` ISEAII ~~AA , ROGER t R'O SI sSl; C~ st,. ,V \ ~ M' ~ i V ~ w ~ G ISEAI) ~ ~ i 8LI R, ssI f z ISEAII ~ (SEAL) ~V ~ E s S7ATE OE MICHIGAN COUNTY of OAKcA wD • 'r `A~~iMfiuroent ores acknowledged before m. this ~ aT~ day of 3eptemb@r , 19 80 by z ~ ~ I a the F-~~ ROB1' R093I and BI,IZABSTH R . R083I , husband and Wife ~,,,t e01R,~ ~ J LENOER ~ r ~ x,... ~ _ f f ' "a ' ~ ~ ~ ~ ~ ~ - ~ Micht n ' ~ J' •~O r Notary PuGiic, Os~aand County. g° l[ICHIGAN '";,fry`:•; - ~f"~E',.••t My Commission Expires Feb. llr 1981 notary?Irslie.staea . ~ ••.»..•i w•~t o~ • aao 339 r~ 2~8 ~'lrrrre•c.i••'~ -