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HomeMy WebLinkAbout0632 c,BaeA pe ~ $ o~s9 3 t~ . 64449 -2 THIS MORTGAG~ IND~1'~i~'j,JRE 2~5 ~p ~ E xecutW thrt ~ ~ day of September , a.o., te80 , by - 50 SABINO T. BALUYOT and A. A. BALUYOT, husband and wife, party of tfte f+rtt part (here' CIHASE FEDERAL SAVINGS AND LOAN ASSOCIATION I a corpgation ex+serrrg under the laws of tM United $ta1K of America, party of the second part Iherar?alta called tM Auoc4twnl. WITNESSETH, That f« drvNS good and valuable cOntrderatrOns, and to secure the payment of IM aggregate vein of ttretey named rn the prumrstay note of even date herewrtA, htranafur mentioned, together vwth +nleresl thereon soil all other sums of money secured Irtreby as herernalter provrtled, the Matgagq does grant, bargarn, sell, ahcn, rerttrte, release, convey and cgrlum wino the Assocrau*on, rn tee srrrtrtte, the lolbrnring debtrrN7W real estate, of wh+cA tM Mgtgaga is now sewed and possessed aril rn acwal possession, irtuate M the County of St . Lucie State of Flgrda, legally described ,sfollowt:Condominium Parcel No. T552, 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 restrictions, reservations and easements of record. TOGETHER with all structures and rrriprovlrnents now and fiNNltlr at said land aril the lixtges attached thereto, also together with all and srngulsr the tenements, Hereddaments, easemMts, rrpar+an rrgfits and apputtenancK thereunto belortgrng„ q in any wise afJpertsimng, and the rents, issues, and prof+ts thereof, and alto all the estate, r,yM, title, rnterest and all clams and demands whatsoever, as wNl m law ss rn egti+ty, of said 1?tgtgagq rn and to the same, aril every part and parcel thereof, and also all gas end elecu+c futures, radwt«s, heaters, an conduron+rig eywpmtnt, machinery, boilers, ranges, elevators and motors, fiatMubs, sinks, water closets, water beams, Pipes, l-+ucets, and other plurtilxng soft heatrny Irxtures, mantels, relrrgerating pans and ice boxes, window screens, wean doors, venetian Wirrds, storm shuttrs and awn rigs, rnhich are now or may hereafter pattern to or ere used wdh, rrt « on sawf prem,sK, even though they Ire aetached a detachable, me and shall tie deemed to tie tistures and accessions to the Ireehdd and a pan of the realty, and, d the above described property is now q shall hereafter be used (q commaaal purposes, the., the lurmture and lurnrshrngs and any rtplacements thereof vM,ch may be owned by the Mortgagor and which are now or may fipealter be ttKatld upon the above descrrlred property, TO HAVE ANO TO HOLD the same, toyether wdh ale the estate, rigAt, tole, rnterest, homestead, dower and right of dower, separate estate,possess+on,clarmand ,irmand wfatsoever, rn law or in eyurty, 01 the said ti/or tgagor m and to tie same, and every part thereof, unto rAe card Assocwuon rn fee s+mpk. TAC 111wtgagur hereby covenants mth Me Association that the Matgsgor rs rrtdeleasrWy seized wuA the absolute and fee simple utk to sa+d property, and has tuft power, end la+,rlul authority to sell, comeV. transfer arxf rtitrrtgage the same. that rt shall rte tawfu! at any twee hNNtter Iq t/i! AssocNtron to plxeaWy and rturetly enter upon. ',eve, hold mfrs entoy card propenr, aril every pen thereof, that card property rs Ire! and discharged from all bens, encumbrances, and cle,mt o1 any kind, irtclid+ng tares and rssrssrnents, r•cept the I+en hrreof, which rs a lust hen on silts property, that the Mortgagor will make such further aswrantes to perfect the fee s,mpte hoe to sa,d poperty .n the Assucretiun as may reawnaWy lrC rrituuetf, and that the Mortgagor does hereby fully warrant unto (fie Association the trtk to saws property and will defend same ay.,~nst the mortgage clams and demands of all persons whomsoever. NOW. THEREFORE, the condawn of th+s mortgage is such that d the Mortgagor shall well and holy pay unto the Assocratan, (tie +rdebte+friess w~cfenceal by that certain prrznissgy note, of even date herewith, made by the Mortgagor and payati{e to the Assoc+alwxi, m the pnnc,pal win ~`ISTVCENTY-ON$ THOUSAND, SIR HUNDRSD-------------------------------------DOLLARS 571 , 6OO.OO 1, togethp with intlreft as ttierern stated, payable over a term of 348 months, aril shall t+e,tur m, comply with and abide try each anA every the stipulations, agreements, cortd+tions and covenants contained and set forth in thrt matyage arW rn the promissory note seiure.f hereby, then thn cnOrtgdge and the estate herefty created shall cease irld be null and vows. TRANSFER OF THE PROPERTY; ASSUMPTION It all or any part of the Property or an rnterest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding Ia) the c ri•auon of a Iran or encumbrance subordinate to this Mortgage, (b) the creation of a purchase money security interest for houwAold appliances, (e1 a transfer I,v rtevrse, descent or by operation of law upon the death of a toint tenant or (d) the grant of any leasehold interest of three years or lass 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 accelerate if, prior to the sale or transfer, Association and the person to whom the Property is to be sold or transferred reach .,yreement in writing that the credit o1 such person is satisfactory to Association and that the interest payable on the wins secured by this Mortgage shall be ,t such .ate as Association shall request. )f Association has waived the option 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 rNease Mortgagor from al! obbgations under this Mortgage .iris the Note. I1 Association exercises such option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shsl! provide a period of not less than 30 days from the date the notice is mailed within which Mortgagor may pay the wins declared due. If Mortgagor fails to pay such sums prior to the expira- r,en of such period, Association may, without further notice-or demand on Mortgagor, invoke any remedies permitted by paragraph 15 Mreof. ANO the M«tgaga does hereby cotenant and spree 1 To pay all avid sirtguWr tits pincipal and interest and otMr hums of money payable by wrtue of sad promissory note and tfrs mortgage. a aitttet, promptly on the days respectively the same swsrelly become due ~ ~ ~ Z and healetated debtlscpuisrt'rort eac~ awry wtMn due and payabh a ceding to 1>~iDsfae they become delcingirent artd.^f the same shall not be promptly o m pars the Assocratron may at any t+me. e+tMr befge q abet deluquertcy. pay the same without waning q aHectuq the optwn to igeclose. or any right ~ C ~ tiereurrder. and every payment so made shah bear rnterest from the date tMreoCst the rate of eighteen per cent 11$96) per annum Q ~ ~ Tnat the M«tgaga win keep su real and personal property now a hereafter encumbered Dy the hen of th+s rrrortgape rnsvred ss may be requued from tittle to Z ~ ~ t+me by the Assa;ration against Toss by (rrs. wrndstem and other tta:aids. cawaltiei std contingencies fq wch peritlds aril fq not less than sucA amounts as o. O .C may be requned by the Assoaatwxt and to pay promptly when due alt premiums Iq such insurance Mgtgage agrees to delver renewal « replacement H pol,c,es of any nature or redacenient certificates of rnsursncs to the Association, at least tan (101 days pri« to the expiraeion a arsmversary date of tfte earsurip ~ oC Q ~ Wl,ues The amounts of mwrance requued by the Assoaation sMtl Ira mrrumum amounts fa which sad inwrance shall Os written and rt shaft be rrrcumbent ti ~ upon the M«tgagor to mamuin wch sdd+tronal mwrancs as rosy be necessary to meet and comply fusty with atl co-inwrance regiiuements convened rrt sail .p' ~ pot,ues [o the end the! sad Matgaga n not • co-lovers thsrwnder Inwrance shau be written by a company a compsrres approved a designated by the ~ ~ ~ Association aril at! polrc+es and rerievvals ifiereof sM11 be Mb by the Association All detailed des+gnatrons Icy the Mtxtgape whcA are acuPted by the F ~ ` Association and all agreements between Matgsga and AtisOCiatiOn relatirtp to insurarw;e, now existing q hereafter made. shall be in wnurq and shall be s part Q ; V of this mortgage agreement as fully es tftough Nt forth verbal+m herawt and shall govern DOth parties hereto and then sucwssors and assigns No iron upon any of sad policies of mwrance a upon any refund a return gemium whch maybe payable on the cancellation a termination tfseraol- shah be green to other than ~ ~ N the Asstz:ration. except by proper erdaNmant affixed to such polity and approved by the Assocution Each policy of insurarsce shah haw alined thereto s Standard New Yak MgtgsgN Clause wrtftout Contribution. making all bas a losses under such pdrey payable to the Asstxiatan as its rnterest may appear. In the resent any sum a sums of matey become payable tfisreurider, the Assoastitxt sltaU haw the option to receive and apply tfte same on account of the m- ~ ~ ~ debtedriess hereby secured. « to perms the Metgagor to rsceiw and uN it. a any part thereof. without thNeby waiving a impairing any equity. hart or right 3 r1 under and br vutue of the mortgage In event of loss a pnysKal datttage to tfte mortgaged property. the Mortgage shah gr+'e imrttedrate rwtice thetas Dr mad ro the Association and the AssoKation may make proof of loss rf the Nrtte is not made prettptly by the Mtxtgsga In event of feecbwre of the mortgage. « other transfer of utb to the mortgaged property. in axtitiguisl?ment of the irtdebtedriess secured Mreby. au right. sue and interest of the Mortgagor rn and to any +nw.ance pd+c+ss then m igCe shall pass to tM purchaser a grantee TM Mortgage further sprees to abide by the rules and exnung regulateons of the Associstwxi- in tonrtsction with repurred irtwrsriq coverage of the property heron enerrmbered i 4 Paragraph 4 and those whits follow are COftuined On the reverN fide OI tfws mortgage and by refenrtce are wtcorporated into the Doily of tMs rttortgsge. The terms Mgtgagrtr and Association, rirAeriever used rn this instrument, shall irtelude the hews, personal rl~resetrtatrves, SrrCCessors a assigns of the respective pities Hereto. wherever used. tAe singular number shall include the plural and the aural the singular. and the use of any gender sftall irtclrrife all genders. 1N WITNE WHEREOF, these premises hate been executed ors (fie day and year first aboir`written. leered i presence ot: ~j - ^ ~7 /.~/~-dpi.'<~f,~,L.C I (SEALI SABI O BAL 'r ISEAL? ~ A• A. BALUY - _ (SEALI " LtiE C`I C:: S:- C' I ,'T-'~;:3tE Psi:: fir.'! FilO?EATY, r Yom,:~_~:~i Iil ~•i.?i 7 1,-41, ~ i I a 6F ta7i. (SEALI STATE OF OHI~ COUNTY oF_~/ c ~Lc6K u :.wT cceizr. sT. wuE w, 4 - + s ~(~j'~ The /«lgorng rnsvurrient was scknorvled,ed btfore mf thisT day o! ~~E~BR , 18~ by ayee s~ L~?7ir~e ~ ^J •i ~ v. = r SABINO T• BALUxQ~:$nd A, A~: BALUYOT husband wife-,- iE o a wh? commission expiry ~ ~ /t6'~ ~ ~ ~ ' . + CAROL C. VENTURA . ~ IrotsfY Publier Stet! of OtNO ci+`~ Noury ?uWie. Sure of ~HI~ ~ r (vim . ~ ec~~ ~~sscc~~ 800X J~ PdCE UJ? _ .