HomeMy WebLinkAbout0587 X1617 2tt•.~
THIS MORTGAGE INDENTURE ~ ' ` ' f ' rQ ,
E=.cwa tole 18 day of September , A.o., f9 80, by 5UA~~
GEORGE S. BERWANGER and LOIS 1[. BERWANGER, husband and wife,
party of the tuft part Ihtre,rsattM callW Mortgagor), to
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION
a corporation •xistirg under the tam of the United Setts of America, party of the sscorsd part (hNprtafter tilted the Assoc/atronl,
WITNESSETH, That lot deuces good and valuable cont,derations, and to secufe tlw payment of the aggregate sum of money named In the Wom,ssory rats o1 cull date
herew+th, herelryltN mtntloned, together vrth Interest thNeon end all otnN sums of morteY secured hereby as fltreirNltN povidsd, the Mortgage does grant. bxga,n, sell,
alien, remise, releafe, convey and connrm unto the Atsocytlon, rte fee svnple, fete folbvwng dtK/Theft real estate. of vrhlM tM Metgagor rs r?ow seue0 end Possessed and In
xwal possession, Awaq m the County of _ $t . Lucie Stsfe of Fie/da, legally aetcribtd
at+olbm- Condominium Parcel No. 7612, of CATA1tARAN 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 amend-
ments thereto, and restrictions, reservations and easements of record.
TOGETHER with all structures anif IrtlprovemMts now and herNlter on sad land and th! Ilxtwes attached thereto, also together with alt and s.r,gutx the tenements,
nrred,tamtnfs, easements, ! Ipal+an rights arW appurtenances tfleieumo belon9f!sg. a In any wife appertxning, and the rents, rril,es, and prollts thereof, and also all the estate,
+.Snt, tltk, Imerest arW all claims and demands whatsoever, as well In law as in tgtrlty, of saki Mo.tgage in and fo the same, and every part and parch thereof, and also aIt gas
.end elecfuc hvfwK, radfafors, healer, drI condiuonlrg tywprntnt, mxhlnery, balers, rages, elevators and motes, bathwbs, sinks, wafer closets, wafer basins, p,pes,
!JUCe1S, drrf U1he1 plurrll,lftg dni1 healing flYfulK, manlelS, Iefllgeldllrtg plans and ftt bOalS, W,ndOW >•.ftent, ttleeft dOOrt, Vlrlttian t>tlrlds, Slem fhutllfS anal aVrnlrgt, whKh
,vr now or may nereditN pertain to or I,e user! wah, In or on saki premises, even though they ere detscned or detxhaGle, re and iflall be deemed to be f.atufes anlf access•ons
to the IrtehOld and a part of the fealty, and. It the above described property K now or shall Nerealter b! used la cOmnlrcyl purposes, thNf the iwnlture and twnfshings and
any replactmenes thereof vlrtiich may be owned try IIIe Ma tgagof arW which are now oe may haeattN be located upon the above descrinet! property.
TO HAVE ANU TO HOLD the same, togeMer wltn alt the estate, right, tale, mtaest, homestead. IIOYYeI and fght of dower, separateestafe,posxssion,ddimand
.frmantf whatsoever, in Taw or In eyi,fty, of the said Mortgagor ,n and IO The same, and !very part tllereol, unto the sa,d AssocytlOrl in fee Ln,pfe.
The Muitg;Iyoi botchy covenants wah the Associatron that t11e Matyagor rs irsdefeasiWy sated with trio al,solute and tee surpfe tale to Bald property, and Ras full poavn,
en~f lawful duthuory to sett, convey, transfer and mortgage the same, that n shat! be fawfut at any tune IYreaflN for the Asxfcytion to peaceably and quietly MIa upon,
ne;e, hold arrf copy Bald property, girl every part trtereof, that said property Is tree and diuharged from all (lens, ervtumbrances, and claims of any kind, Iocludirlg tasK and
as>rssnlents, e.cMt the I,rn hereof, vl,h,cA n a fuss 6:en on said property, that the f<lortgagur w!11 make such further assurances to perfect the tee sffrfPte tale to sad property
~n the Association as may redsUnal,ly he rryu,ied. and that the Afuf tydgOr does hereby fully warrant unto the Assocwtion the title to sad property and wftl rleltM same
+!..inst the mortgage clams arN1 Itemsrxls ui all uelsorls whumsuever-
NUW. THEREFORE, the cordioon of this mortgage is wM that d the Mortgagor snail well and uuh pay unto the Assocytwn, the Ifsdebtearsess
v..,lerlcdl by that certa,n plomiswry note, of even date herewah, made try the Mortgagor and payable to the Assocwtion, in the Pffrtcfpal sum
FIFTY THOUSAND-------------------------------------------------------DOLLARS
~ SJU , ~00 • 0~ 1. together with interest as therein slated. payable over a tam of 240 months. and shah
IIr,!nrm, Cunlyly wllh and atatle by each arW every the sliputations, agfeemeMS, condrt•ons and covenants contained and set fof th in this rrwrty~e and In the promisstxy nuts
srcwetl hefeby, then this mortgage arxf the estate botcher created shalt cease and tre null and vad.
TRANSFER OF THE PROPERTY; ASSUMPTION
It all or any pars of the Property or an interest therein is sold or transferred by Mortgago? without Association's prior wntten consent, a:eluding la) the
. reahon of a Iron or encumbrance subordinate to this Mortgage, Ib) the creation of a purchase money security interest for household appliances, Icl a transfer
,.y devise, descent or by operation of law uson the death of a Joint tenant Or (d) the grant of any leasehold interest of three yeas or less not containing an
option to purchase, Association may, at Associatron's option, decNre all the sums secured by this Mortgage to be imnsedutety due and payable- Association
>nall have waived such option to accelerate it, prior to the sale Or trarister, Association and the person to whom the Property is to be sold or Iransfened reach
agreement in wrung that the credit of such person iz satnfactory to Association and that the interest payable on the sums secured by this Mortgage shall Ix
such rate as Assouation shall request. H Association has waived the option to accelerate provided in this paragraph and it Mortgagor"s successor in interest
nos executed a written assumption agreement accepted in writing by Association, Associa,ion shay rebase Mortgagor from all obligations under this Mortgage
and Leto Note.
II Association exercises such option to accelerate, Association shall mail Mortgagor notice Of acceleration. Such not,ce shelf p?ovide a period of not less than
30 days from the date the notrte is maJetl within which Mortgagor may pay the sums declared due. If Mortgagor tails to pay such wens prior to the expirs-
ricm of such penod, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph /5 hereof.
AND the Mortgagor does hereby covenant and agree
t To pay alt and singular t11e plnclpal and mterelt and other wins of money payable by virtu0 of sad promissory note and Ctrs mortgage, a other. promptly on
the days respechreh the same tiewauy become due
2 To pay all and singular the taxes. sssessmants. other gowrnmenul levies. IuDlUbes. obligations and encumtxances of awry nature on sad described property
and the related debt scqulsltron each and every wMn dw arw wYabls acced/ng to taw. before they become denrsqueni and. d the same snau not be prornpth
part the Assocrshon may at arty time. elitser Dafore a char delirsglrenty. pay the same without wowing a affectlrsg the optron to f«eclose. a any nght
hereunder. and every payment w made shall boar Interest from else date tMteof at the rate of eignteen per cent (181.1 per annum
ffs 3 That the Mortgagor well keep elf rest and persoMl property now p hereahsr encumbered by the I,en of efts mortgage insured as may be requued from tune to
~ ` titre ny the Assouation against bas by hrs. windstorm and ottler hazards. cawalties and contlrlgerlcies fe such perrods and fa not less Loan such amounts as
O ~ may be required by the Assocytron and to pay prompih when due alt premiums for loch insurance Metgage agrees t0 debtor renewal Or replacement
~ ~ ~ M lp!«:,es of any revere or repacement cauhcstas of Insurance to the Aasocutron at least ten I10f days prior to ttse eawratron a anniversary date of the e,?sung
n Q ~ ~ pW,cies The amounts of inswsnce requaed by the Associaton stud be m,nimum amounts for wftich sad insurance stuU De wntten and ,f stall De,ncumbent
upon fete Mortgagor to malnlam Such addrtletil inlurattce as may M rtacessary t0 rrN01 irsd comply lush with all t;o-ItKUrant:e requltements COttlLlfad In tall
Z t ~ pOl,cfes IO the end that fuel Metgage Is not a co-mwre thereunder Insurance shau be written t>7! a company a cotrspa!!fes approved a dar,grtatad by the
~ Q ~ Assouatlon and all pd,cles and renewals tlteraof ttlall De haW by the Assouat,on AU detafMd deslgnatfons by the Mortgagor vvtrch are accepted by the
N ~ ~ • Association and all agreements between Mortgagor and Assocutron relaurq to Insurance. now existrrig a flereaher made, shau be n wn4rp and stuu be a part
z W 17 of this nrortgage agreement as fully as though sat forth vsrbaum Mraln and atoll goirern both parties hereto and rhea successors and assigns No hart trpon any
r = of sold pollees of insurance a upon any rdurtd a return premwm which may W payable on the unclllaton a terminatron tflereof, slue be given to other than
T. ~ ~ the Associaton. except by proper srwesemant aMrxad to seen poi,cy and sppovsd by the Assouabon Each poMcy of enlurartee snau have sffua0 thereto a
~ ` Standard New York Mortgsgs!s Clause wltfsout Contrltfu[on. makusg all loss or bstrss under such pdfcy payable to the Assouatron ss Its interest may appear
E ~ • t In the event any sum or sums of money become payable tflereursdar- the Assoaatron shah Mve the opt,on to rece,ve and apply tfst same on account of the m-
2 Q a • deGtedness hereby secured. a to permit the Mortgagor to receive and use rt. a any part thereof. without tfsereby wsivusg a /mpaultsg any equity. Iles or rant
a. ~ under and by virtue of this mortgage In avant of loss a physical damage to the mortgaged property. the Alortgage atoll grve,rrsnsadlate rotice ttsaaol by mad
~ D s/I to the Assoc+atron and the Assocutron may make proof of bas /t tM satM K not made promptly by the Mortgage In event of foreclosure of efts mortgage. or
other transfer of title to tM mortgaged property- m axtlrlgwshrrsant of tM Irsdabtadrsess secured fsareby. au rlgfst. title and rntarest of the OAortgsgor rn and to
~ any inwranca pdreles then M force shall
.C ~ O pass to tfta purchaser a grantee. The Mortgage further agrees to abide oy ill rules acrd axlstutp raqulatlorss of fife
F+ O. AssoclaUon. m connectors with required insurarste coverage of ttsa property Mraa? ersctrrrlbartld
4 Paragraph 4 and those wtslch foNow are returned on tM reverse side of ttsre rtsortgaga and by nferartce are rsoepeatad snto tM 1
Dody of tftrs mongsga
The tams Mortgagor end Assocubon, whenever used ,n this Instrument, shall IrtNudt the Iselrs, txrsonst rapresenutlves, successors a sssrgns of the retptctrirt parties {
hereto. Wherever used, the singular rNrnlber shall Include th! plural and the plural the singular, and the use of any gender shell Irrcfrrde all genders- j
IN WITNESS WHEREOF, tfltst premises have been ellecutsd on the day and year first above wruten,
S sealed end ddiverad In
t~esenct of:
~ ! G E . BER GER
- - ~ - ISEALI
IS M. BERWANGER
~ *'ElYfD j A.0 !N PA:"r'IT QF 7AXE~ e
ISEALI 1
C..3b.i ;
r
ro ~L':.:'.;IiyTO .ism: Ti3 71-1:3, I.~TS OF 18]1. °
lSEALI
GL ..it CI :::U.T 1:~8i:T, 5T. LU:.tE CO, FLA. efS!~i
STATE Of FLORIDA cIh/NTY pF ST . LUCIE a ,
Ths /o.egolrg rnstrurrrent was acknowledged before me thif 18 day of September ~ Tli~;~by a sit ~j
GEORGE E . BERWANGER and LOIS H . BE G$H~ ~a ' ~ !ln wi #e, ItAMI yaSr".
_ ~ENOER
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