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HomeMy WebLinkAbout0640 • ~-815A pg 64700 -2 THIS MORTGAGE ll~1DDNTUR~ ~ s5O2 Ib' l=.seated tart 19 day pr September , A.o., t9 SQ by ' `'~15~ FREDERICK C. HINCHCLIFF and MARY F. HINCHCLIFF, husband and wife, par ey o1 the fast part Ihrrreinalte+ called Mortgagor). to ~ ~IO p CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corppation existing under tfie laws of the United SutK of Amtrica, party of the second part (liere,nalter called IM Asigcyt,onj, WITNESSETH, 7nat Ito divers good anU valuable contxkiauons, and to secure the payment of the aggregate sum of rtsorsey riarrierl in the womnsory note of even date nerewitn, AereirNntM rrtentronld, together with interest thereon and all other wins of money secured hNeby as nlreinaltM provided, the Mortgagor does grant, bargain, sell, al,en, rtmrx, rNeafl, convey and confirm unto the Atsociatro'rn, m fee sxrtple, the tollovnrsg describM real estate, of which the Matgaga is now seised and possKttd and in actual possession, sduatc m the County of ?St . LuC~e State of Ftaida, fegatly descntred a=loll. Condominium Parcel No. ?636, 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 amend, ments thereto, and restrictions, reservations and easements of record. TOGETHER nnth all st,ucturK and improvenlMlS now and 1serNller on said land arxf fhe IixW,K attached thereto, also together with all and arrtgutar Me tenements, nrreditarMnts, easements. riparian irglsts and appurtenantK thereunto bflongrng, w m any nose appettaming, end the rents. issues, and profits thereof, and also all the estate, , ~~kt, tiff!, interest and all claims and dMUrids whatsoever, ss niNl in l:w as in egwty, of card Alortgaga m and to the sank, and every part and parcel thereof, and also atf gas .,n+s akeerie IisWres, rarlrarors, heaters, err conditioning tqurprnent, machinery, boilers, rstrges, elevates and motors, W[Mubs, sinks, watN closets, watN basins, pipes, t.iucats, arW other plumbing end heetiny tixtuiK, mantels, relrgeraung plans and ice troxK, window screens, screen doors, venetian blinds, storm shutters drxl awnngs. rvhKA .+rr nave ar rruy Aereafrer pertain to or L,c used w+th, in Ur On saxf premises, even though they be detacMxf or detachable, are and shall be deemed to tr! lixtwesand accessans t+, the freehold and a part of the fealty, and- it the above described property n now or bha11 titrNlter rte used for commercial purposes, then the twnrture and lurnshinys ariif +,ir replacements thereof which may be owned t,y the Mortgagor and which are now or may nrealter tx located upon the above described protxity. t0 NAVE ANp TO HOLD the same. together with au the Ktate, right, offs, mtpest, homestead, dower and right of dower, separate estate,possessron,daimand ;trmand whatsoever, in few or in equity, of the said Mortgagor in and to the same, and every part thereof, unto the said AssocraUOn in lee simple. The Mortgagor hereby covenants wnh the Assocratron that the Matgayrfr is indlfeasrlrfy seised with the absolute anti fee sinysk title In said propety, and has lull power, en~i lawful authordy fo x11, convey, transfer aril morrgage rfie same. that it s?iall be lawful as any time heieatth loi the Astrscrauon to peaceably and yuretly Mter upon, r~,+. r, oaks arxf Mwy said pio(ierty, arxf every part ttieieof, that said pripeity n free and discharged from all Irene, encumbrarxK, and claims of any kind, including taxes and .i,srsurient, except the Tiers herein, wnrLh is a lust hM On said property. that tfte Mwtgdgor wiN make such turlhN MSwanCK tOptilKt the lee simple till! to seal properly the Association as may reesona?rly Ire iequue[l. and that the Alortgayor does hereby Tully warren unto the Association tht title to card properly ante will rletens same ~~.ist the mortgage claims and demarxls on all peitons whomsoever. YOW. THEREFORE, tAe condition o1 thn mortgage rs wch ~ roar d the Mortgagor shah well and truly pay unto the Association, the irsdebledrress ...~lenced by that certa,n prrNnissory note, of even date htrewgA, made fly the Mortgagor and payable to t/ie Association, in the pnncrpol win ,f SIXTY-TWO THOUSAND---------------------------------------------------~oILARS cT2 f 000 • ~0 togcthe. with interest as therein stated, Rayable over a term o1 348 months, and shall ue• N,im, cimp:y snth and abide try each and every the stipulations, ayreenients, conditions and covenants comained and set forth rn this muugage and in tfse promissory note sr+ arty) hereby. than this mortgage and the estate hereby created shall coax anc7 be null and vo,d. TRANSFER OF THE PROPERTY; ASSUMPTION It all or any part o1 the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding (al ttie rretion ul a seen or encumbrance subordinate co this Mortgage, Ib) [fse ueation of a purchase money security in[erest for household appliances, Ic) a transfer ~ •v devise, descent or by operation of law upon tfie death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing an ~_,auon to purchase, Association may, at Association's option, declare tiff tAe sums secured by this Mortgage to be immediately due and payable, Association tit:all have waived such option to accelerate it, prior to the sale Or transfer, Association and the person to whom the Property is to be sold or transferred reach -+yraement in writing that the credit o1 such person is satisfactory to Association and that the interest payable on tAe surrss secured by this Mortgage shell be .,t such rate as Association shall request. If Association has waived the option to accelerate provided in this paragraph and if Mortgagor's successor in interest ryas executed a wntten assumption agreement accepted in writing by Association, Association shall release Mortgagor from ell obligations antler [fin Mortgage end the Note, I1 Association exercises wch option to accelerate, Association shall mail Mortgagor notice of acceleration, Such notice shall provide s period o1 not less than ;SO days from the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor faits to pay such sums prior to the expira- 1 uxt of such tseriod, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. , ANO tAe Mortgagor doss Hereby covenant and agree 1 To pay all and singular the principal end ,ntersat and other wins of mortey payable by virtue of sad pomissory note and tMS mortgage. Or either- promptly On the days respectively the same severally become due 2 To pay au and singular fns taxes. issesstnents. otMr governmental levies. Iribilikes. obkpitans and encumbrances of every nature on said ttescnbed property and the related debt scquisrtan seen and every when due and payable according to lew. before they become deknquent end. if the same shau not be promptly paid the Association may at any time. srtMr before or suer dehnquerx:y. pay the same without waning or aNecurq the option to torscbse. a any rigor • hereunder. and every payment so made allag pear interest from the date thereof at the rate of eighteen per cent (18:1.1 per annum ~ ~ 3 1!,at the Mortgagor will keep all rest and personal property now a hereafter encumbered Dy the n:en of th,s mortgage insured as may De requued from ume to 1_ ~ tiro! by fife Associat+on against loss by hrs. windstorm and other hazards. uwahres erW conknpencies for such perioiis end to not less than such amounts ss may be required by ttte Association and to pay promp:ty when due all premiums for wch inwrance Mortgage agrees to deliver rertewal or replacement ~ ~ pol,ues of any nawro or replacement certnc~aNS of inwrance to the Asstxaation, at INSt ten 1101 days prior to tfse expiratan or innversary date of the exiskrp put+crtts The amounts Of irwrance requued b? ttie AssociiUOn shalt be minmum amounts for which Sa+d insurance ShiN be wr+tten and rt shall be iMUmbeM ~ e.~t upon the Mtxtgsgor to maintain such additronil insurance is may be negssary to meet and comply fully witA all co-insurance tequuements contained in said 7_ r' e.i pot,ues to the end that said Mortgagor is not a co-insuror thereunder. Inwrance shill be wntten by a company tx tbmpsnies approved or dssipnated Dy the J ~ Associat,on and all policies arsd renewals tMreof shall be held by the Association Atl detailed designations by the Mortgage which are accepted by the o Associatwn and au agreements between Mort s aisd Assocatwn rNa g got cusp to inwrance. now exrsUrip or hereaher made. shall be rn wrihr~ and shall be a part i ~ ~ o} th,s mortgage agreement ss cagy as though set forth vsrbaum Mrsin and shalt govern both parties hereto and their successors and assigns No ken upon any • o of said policies of inwrance or upon any refund tN return premium which may W payable On the cariteltuiOn W termination thereof, shall be given to other than . - .x the Association. except by proper erxlorserrient aHued to such pdicy and opprorsd by the Assocwtion 'Each pokey of inwrance shall haw iNued thereto a ' t_ Standard New York Mortgagee Gauss withtwt Contnbutan. mak,np all loss or losses under such pdicy payable to the Assocation as its interest may appear 3 t' In the event any sum a sums of money become payable thereunder- the Assocratan shag have the option to receitrs and apply ttte same txi account or tAs in- ' iv debtedness Hereby secured. or to permit the Mortgagor to receive arxf use rt. tx my put ttiersol. vnthout thereby waiving or ,mpiuirq any equity. hers tx right ~ under and by vitae of this mortgage In event of loss tx physical damage to the mortpaped property. the Mortgagor shall give irt,rnedats rtoucs thereof by mail L ~ to to tfte Association and the Asstxiation may make proof of loss d tM same K not made promptly by the Mortgagor -In event of taedowre of this mortgage. or other transfer of htle to the mortgaged property. m exhnpuahment of the indebtedness secured hereby. all right. title and interest o1 the Mortgagor ,n end to - i _ ~ ~ am inwrance polices then in fora shall pass to tM purchaser or grantee TM Mortgagor further sprees to able by tM rules and a:abng rspuletions of tht s ~ Association. in connectan with requued inwnnq coverage of tM property herein srscun,bersd 4 Paragraph 4 and those vvlnch fopow are conuintld tfn tM rsverss tide d tMS mortgage and by nlerence ire irtcorptxatad into tM body M this rrlortpspe. The terms Mortgagor and Aswcrabtsn, whenever used in this rnstrumsnt, shall irtdude tht hens, petsonsl repretedtatrves, successors a assign! of the respective partNs ne.eto. Wherever used. the singular rwrnber shall include the plural and the plural the sirtguler, end the use of any gender shah include alt genders- , IN WITNESS WHEREOF, these a beM executed on day and year first ittM. x end dNrvered i r ol: \ t ISEAII R H I'NC C~ ISEAI) rat^'.:~:.: s - :It ~a~~•_aT CF TAXES RY HINCHCLIFF - - - . . . - - ISEAtI FC.+°~:.;~i T3 ~:~;.~.~T 71-:.3, lwiS GF T97~ Pi:G?R Pi.{fiefs cukx uuuir coral, aT. wccE cu, IsE"~' y srnTEOF_FIARIDA COUNTY OF ST_ LUCIE - , y~ n _ Toe foregoing ins+rurrtent was acknowledged before me tnis.i.Z_ day of ~e~'B• mbe~' . 19..~iI by ~ , ~ese s FREDERICK C. HINCHCLIFF and MARY F. NCHCLIFF, ~ fiend a$d wife , _ 'g"""'am . LENDER Wh? commrssron expirK ~(~A~ /U111C ~ i ~~fA 'rij~ :1 = . . 6 198; FLORI + {P', ~ ~..DFRi'r(iI T~J Notary Public. Sat f V n~ 8340 P~~E 640 _ ~ " ~ rte.