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Home My WebLink About0383 J ~ - . I$o/o~98ia~A' pg a. • 64250-2 ~ THIS MORTGAGE INDENTURE : ~~042Q~, Executed the 3 day m 3eptember , ao., la 80, fry 11I1ILLIAM C . BAUKS and MARGAHMT BAUBS, husband and wife, party of tM first part (fiereinaher called Matgagal, eo CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION i corporation exiftirtg Undl1 the Iavvt OI the United $taxes OI AmelKa, piny 01 the second part Iherfiniller Called the Astocwlgnl, WITNESSETH, TMI fa divers flood and valuable consderauons, and to secure the payment of the aggregate win of money noosed m the promissory note of seen date herewith, htninafter mMUOned, togetMn•with interest thereon and all other wins of morsey secured hereby at tieranalta povided, the Mortgage does grant, bargain, sell, Miers, remip, relttate, convey and confirm unto the Associstwn, in lee simple, the lolbwirsg described real elute, of vrhKh the Matgaga is now saint arxl possessed and rn ectwl possession, titwu M the County of St . Lucie State of Flada, legally descnibed .fwaw,:Condominium Parcel No. 7562, of CATAMARAN II, a Condominium, according to 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.Couaty, Florida. • 3UBJSCT TO terms and conditions of above Declaration of Condominium and any amendments thereto, and restrictions, reservations and easements of record. TOGETHER veith all structures and irnprovemMtl now and herNtter On sad Ierrd and the fixWrK attached thereto, also lOgether with all and singular the tenements, hertditsments, easements, nparun rghts and appurtenances thereunto bNorging, a in any vase appertaining, and the rents, issues, and poles thereof, and also all the estate, rght, title, interest and all claims and demands whatsoever, ss eeell in Isw ss in equity, of sad Mortgagor m and to the same, and every part and parch tliersol, and also all gas and electric natures, radators, hNters, air condinonirg equiprrrent, machinery. boilers, ranges, elevators and motes, bathtubs, sinks, water closets, water basins, tapes, faucets, and other plumbing and heanrg fixtures, mantels, relrigeranng plans and ice boxes, vviridow axreens, screen doors, venetian bliridS, slam shutters and awnings, whKh are now or may herNtter pertain to or be used with, m a on sad premises, even though they be detached w detachat>fe, are and shall be deemed to tie frxwres ant) accessroris to she Ireehold and a pint of the realty, and, if the above described poperty is now a shall tierNlter be used /or comnierciat purposes, then the furniture and luinishings and any reWscements thereof whKh may be owned try the Mortgagor and which are raw w may hereafter be located upon the above tkscrihed property. TO HAVE AND TO HOLD the same, together with all the estate, right, utk, interest, homestead, down and rght of dower, separate elute, possession, claim and demand whatsoever, in law or m equity, of the sad Mw tgagw in and to the same, and every part thereof, umo the sad Assocwnon in lee simple. The Mortgagor hereby tovtnants with the Association IAat the Mortgagor is irdeleasiWy seized vwtA the absdWe and lee swnple title to sad poperty, and has toll poven, and lawful authwuy to sell, convey, transfer and mortgage the firril: that it Shall b! tawtUl at any twee herN11er for the Associatgri 10 peaceably and quietly Mter Upon, have, hold and enjoy sad property, and every part thereof: that sad props ty is Ines anct discharged Irom all liens, encumbrarKes, and claims of any kind, including taxes and assessments, except the fieri hereof, whKh is a Iwst lien on said property: that the Mortgagor will make such father aswrarKes to perfect the tee simple ntk to sad goperty .n the Assocwnm as may reasonably tee rtquued; and that the Mortgagor does hereby fully warrant unto the Assocwtion the title to sad property and will defend same against the mortgage claims and derrsarxfs of all persons whomsoever, NOW, THEREFORE, the condition of this mortgage is such that rf the Mortgagor shall well and truly pay unto the Association, the irwfebteilness evidenced by that certain promissory note, of even date herewith, made by the Mortgagor and payable to the Assocwtgn, in the Principal win o, ?SIXTY-aSBiVSN T~USAND, $I$ HUNDR$D---------------.----------------------OOLIARS Is 6?, 600.00 1, together mth interest as theism staled, payable over a term of 348 month:, and shall pertain, comply veith and abide by each and every the stipuWtions, agreements, cotbinons and covenantscontairiert and set forth in the mortgage and m the pomisswy nose secured hereby, then this mortgage and the estate hereby created Erie)) cease and be null and void. TRANSFER OF THE PROPERTY; ASSUMPTION It-all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding (a1 tfie creation of a lien or encumbrance subordinate to this Mortpsge, (b) the creation of a purchase money security interest for household appliances, Icl a transfer by devise, descent or by operation of law upon the death gt a joint tenant or (d) the grant of any leasehold interest pf three years or feu not containing an option to purchase, Association may, at Association's option, declare all the wins secured by this Mortgage to be immediately due and payable. Association shall have waived such option to accelerate il, 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 credit of such person is satisfactory to Aswciation and that the interest payable on the wins secured by this Mortgage shall be at such rate ss Association shall request. If Association has waived the oprion to accelerate provided in this paragraph and if Mortgagor's successor in interest has executed a written assumption agreement accepted in writing by Association, Association shall release Mortgagor iron all obligations under this Mortgage - snd the Note. It Associationexareisesweh option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not less than 30 days from the date tM notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor tails to pay such sums prior to the expira~ lion of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AND the Mortasaor doss hereby covenant and same 1 To pay erg and singular tM prirKipal sod interest sod other wins of money payable by wrtw of sad promissory note and the mortgage. a other. promptly rrn the days rtnpsctrvely the same sswrsNy become due 2 To pay ap and swtgulsr the taxes. assessmertu, oilier aovernmeritsl levies. kablibes. oblpatgru and erKUmbrances of every nstwe ors said dssurbed property and the related debt aCgUifitron each sod every when due and payable according to Isw, before they become dehrspuent and. d the wine shall not be promptly pad. the Associstgn may at any time. either before a afar delinquency. pay the same without waivittg or aHecurp the Option to foreclose. or any rght hereunder. and awry payment so made shsU bear interest from the date thereof at the rate of aghteen per cent 118961 per anrwm T c 3 That the Mortgagor will keep all real and personal property now or ttereaher encumbered by the lien of the mortgage insured as may be required from ame to ~ ` m nine by the Association against loss by hrs. windstorm arrd otrier ha>!ards. cawaltiss and contuiaenciss for such pergds and for rat less than such smoums as O may be requited t?Y the Asstxatgn end to pay promptly when due all premiums to? auto insurance Mortgagor seises to deliver renews) or'replacement i ~ Q eo P polKres of, any nature or replacement certifKates of insurance to the Associstan. at least tan 110) days prior to the expiratan or snnrversary date of the exatwsg ~ L„ ~ pdicies -The amounts of insurance requited fry the Assoaatgn still) W muumum amounts for wroth sad iniurarKa shah Oo written and rt shall be wiciimbent I ~ rJ ors upon the Mortgagor to maintain such sdddionsl insurance as may W necessary to meet and comply fully vnth au to-inwrsrKe requitemerils aoritautsd m sad ` Z s ~ pdKies to the end that sad Mortgagor is not s oo•inwror tMreurdsr. InsursrKe sMll be wnttewi by s company or cortiparwes spprored or desiansted by the d 0 ~ Associatgn and all pdKisS and renewals thereof shell M Mb by the Assoastgn Ad deeded desianatioris by the Mortgage vvlwch an accepted by the e, ~ ~ ~ Associatgn and all sgreenients between Matgaaor sib Associsbon rs4urg to inwrarKe. rqw exisuna or heresher made. shah bs M wribng and shah be s part ° w ~ ~ of the mortgage sgresmsnt as fuNy as though sat forth verbaam Issrewt and shall Govern both parties hereto and trieir sucgssors and ssspns No Men upon any ~ 3 .p ~ of lab policies of insuurKS a upon soy refund or return premgm wtwch may be payabN on the cancNlatgn or termwiatior? thereof, shag be acorn to other-than ~ ~ • s'C the Assocrstion, except by proper adorwment aHutad to such potKy srd approved by tM Association Esch pokey of itisuranca shsM have aHuted thereto a Standard New York Mortgsgse Clause without Contribution. ntslurp aN bas or bases under such pokgr payable to the Asso: cation ss its interest may appear E ~ o t In the event any sum or wins of rtgnay become paYebN theraurider, the Assoaatan shah have the optgn to receive and apply thawms on account of the in• 0 ~ e debtedriess hereby secured. « to psrmH the Mortgagor to recerw and uw rt. a any part thereof. without thereby wsiwna or impaitwsg any sporty. hers or rght ~ ~ N under and M vittw o/ this mortasas M event of bas or physics) damage to tM mortasasd property. the Mortgagor shsN Give inrriediate notKe thereof M mad to the Association and the Assocutgn may make proof d bas if tM same is not made promptly by the Mortaaga In event of /oreNowre of tlws mortgage. or es O other transfer of title to else rrgrtgaged property. m axtitsauisMNnt of tM indebtedness secured Hereby. aN right. title and interest of tM Mortasaor n and to a+sy inwrancs polKiss then in force shah pass to the pwcfyser a grantee The Mortgagor further seises to sbds by the rules and existwg regulations of the Associatgn. m conrtectgn with required irtsurartte coverage of tM property fiasco encumbered ~ Paragraph 4 and chow which foMOw are eonuined on tfte reverse side Ol tlra mortgage irMf by releretrq are rtcorporated into tM body O/ dais mortaaga. The tams Mortgagor and Association, whenever used in this instrument, sl?ill include the heirs, personal rapresenutives, wOttssoti or assgns of the respective parties hereto. Wherever used, the singular number shall include the plural and tM plural the singular, and else use of airy gender shall wKlude all genders. IN WITNESS WHEREOF, these premises have been executed on the day and yes. list above teen. Signed, and dNiverW m presence ol: ISEALI ` WILLIAM C . BA ~ ISEALI i n~ ' • R~r£;Y:B s /j„S, a~ 0 IN PA M . BAUK$ , ~ ~ E Ffr.:~uat pgOPEinY ISEAII FUi:;,ua.YT TO CNAP1~3 71-124. ACTS OF 1171. B~6ER PGTRAS ISEALI CLENX CIACYR COYRTr tT. WGE , ~ STATE OF FLORIDA ~OVNTyOF ST. LUCI$ ~ 3 day of 3eptember , to 80 Iry - " t, TM foregoing instrument ass ackrioveledged before rHe this ~ ~ .•i ~ s..r?+r.. WILLIAM C . BAUSE and MARGARET M . BA , husba a j ' ~ ~ • ~NDER.y AAtrtomriissionexpirM T''RY PJBf.IC 57ATE C'F FLORIQA AT IARGE r /AY CG:'aIS5i0'! ~;::iFFS SEFi . 6 1984 80t.ofo ii,eU CK;~wu Iris, UtioERWRITERS FLQRIDA - Notary Public, a OI - ~ ~ } - f - . . BQOK ~ PACE _ z