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Home My WebLink About0690 / $C~C~ ~ C-821A pg 61654-2 I p• THIS MORTGAGE INDENTURE ' E ¦KYted Ihr1 d+y of September • A•D•• ts80 • M s~ ~ r~~. RONALD R. FRUITY and LORRAIN$ M. FRUITY, husband and wife, Ie0 party of the fort part Iherainalta called Matgagorl, to 8 CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION O a corporation existing urxler the taws of the United Stasn o1 America, party of the second part (HNernaltM catkd the Associslanl, WtTNESSETH, That fa dwers good arw valustrle consrdHalrons, and to secure tM wymeM of the aggregate sum of money named rrr the promissory note of even date herovntH, Mranaher rnentronld, together with mtaest thNlon and alt othN sumt of money secured trertby as hegmaher povitfed, the Matgago+ dws grant, Wrgam, x11, al+en, remix. release, convey and conbrm unto the Association, in fee swr?pk, the lolbvwry described rtNl elute, of v?hrth the Ma tgagor ,s now trued and possesses and rn xtual posxssron, srwate rn the County of alt . Lucie Sute of Florida, t egalty destritred at tt,lbi~+r,Condoaninium Parcel No. ?533, 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 will all structures and improvements now and herealtp on said land arstt the /rxtures attxhed thereto, also togethe. with aft and sirtgillar the tenements, HrrettitarnMlt, easements, ripaiyn rigtrts drNl appurtenances thereunto bNorsgrrrg, d in any verse ipplruinrrrg, and the rents, roues, and profds thereof, and afro all the estate, r.ght, btk, interest and all ctdims and tkmands whatsoever, at vvetl in law ss m equity, of said Mortgagor in and to the same, and every part and parcel thereof, and also aft gas ,trio electric lutwes, radiators, heaths, mi condiritaiing equipment, mxhinlry, balers, ranges. elevators and motors, bathtubs, sinks, water closets, water balms, pipes. f,nx ets, and Other plunttiiriq and fieatiny hrtur K, m.rttels, rNrrgerating plats aritl K! boitM, window sirKns, scrtert tIOOr S, vlrreban Winds, Storm shutlNt and awnings, which .i.r now or may tre+eatte+ pe+win ro or be used with, in a err said premises, even though they be detached or detachable, are and shaft be deemed to tie fi?wres and accesvons w the btehoW and a part of the scatty, and, d the atiwe ttlKrilred property is noW or shall Hereafter be used fa cgmmerual purposes, fliers the lurmwre anti fwnishmgs snot .iny replacements thereof which may tie owrird try the Murtgaya and which are now or may hNCattN b! located upon the above described prppe+ty. t0 HAVE AND TO NOLD the s.une. together wuh all the estate, right. utk, rnterest, homestead, tlO+nlr and right of dower, separate estate, possession, claimarnl itmaMl whatsoever, in taw or m equity, of the idi<f Mwtgagoi rn and to Me same, and every part ttiereol, unto the said AssOtiatron in tee simple. the Alur tgaytx Ilerel+y covenants with the AsstK iatien that the Mortgagor n indeleasibly seised with the attsplute and tee simple title to card property. and has tuts powlr, an,f tawtul authority to xis, cumrey, transfer anct mortgage the soma that +t shat! be lawtut at any time hereafter to the Assocuuon to peaceably and gtrieUy enter upon, H.i,e, hulit ar*tl copy said property, ariif ivory part thereof; that said property is tree arxf distfiarged from alt Irons, erKUnrbrancls, andNaims o1 any kmd, inCludirrg testes and .i,u•stitrents, except the lien hereof, wfrKH it a rust hen on saint property, that the Mortgagor w,ll make such further assurances to perlKt the tee Ample title to said property tnr Association as mar reasonably He required, and that Me Atatgagor does hereby linty wmrant unto the Atsociabon the title to caul property and will detrnd Barn! ,.i nst the mot tyage claims arxf tterrwrids of elf persons whomsoever. NOW, THEREFORE. thr cuntlihun of this mougage is sucA that d the Mortgagor shall well and forty pay unto the Assocatwn, the indebtedness • ..donee+t by that ceuam promissory note, of even date herewith, made by the Mortgagor and payable to the Associstron, m the pnricipal sum FIFTY-FOUR THOUSAND-------------------------------------------------..~oLLARs 54 , 000.00 1, together will rntaetr as u,e,em stated, payable tmr a term of 348 month:. and shaft t•c •r,um, comply with and alirde by each snit every the stipulations, agreements, conditions aril covenants comarned and set forth m this mortgage and m the promissory not! sr. ,.re,f hereby. then this mortgage end tht estate irerehy created shall cease and tie null and void_ TRANSFER OF THE PROPERTY; ASSUMPTION rf alt or any part of the Property or an rnterest therein is sold Or transferred by Mortgagor without Association's prior written consent, excluding (a) fire matron of a rich or encumbrance subordinate to this Mortgage, (b) the creation o1 a purchase money security interest for Household appliances, Ic1 s transfer r•y devise, descent or by operation of law upon the death.ot ajoint tenant or (df tM grant of any leasehold interest of three years or lass not containing an •nr wn to purchase, Association rnay, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association hill have waived such option to accelerate it, prior to the sale or transfer, Association and the person io whom the Property is to be sold or transferred reach +vreensent rn .uniting that the credit of such perzon is satrslactory to Association and that the interest payable on the sums secured by this Mortgage shall be .r such rate as Assouabon shall request. If Association has waived the option to accelerate provided in this paragraph and it Mortgagoi s successor in interest - ~ra> executed a written assumption agreement accepted in writing by Association, Associa.ron shaft releaso Mortgagor horn aft obligations under this Mortgage eras the Note. It Assexiatioriexercisessuch-nptron to accelerate, Asstxiation shall malt Mortgagor notice of actele?ation, SucA notice shalt provide a Period of not less than 30 days from the date the nonce is mailed within which Moetgagor may pay the sums declared tlue. 1/ Mor[gsgor faits to pay such sums prior to the a:Asia- ' r,;.ri of such period. Association may, without further notice or demand on Mortgagor, invoke any remedies pNmitted by paragraph T5 hereof. AND the Mortgagor doss hereby covenant end agree , 1 To pay all and Singular the prrntipal end rnterest end otfter wms O( money psyabte Dy virtue OI said promissory note and tMS mortgage. or either, promptly on the days respectively the same severalty become dire 2 To pay all and s+ngular the rates. assessments. otMr gowrnmentel levies. W Wlrues. oWigstions and encumbrances of every nature on lard ~escrrbed property and the related debt acqursrtion each end every vyhen dw and peyabN eccaWng to taw. before they become debrtquent and. d the same shau not bs promptly ~ i>a•d the Association may st any time. either Detae or aher debriquertcy. pay tM same without wamrtg a affecting the option to fasctose. or any right i. C ~ tiereurider and every payment SO made shell bear interosl from the date IMreot at the rate of eighteen per cent (18'x) per annum -Q u m 3 That the Mortgagor wdl keep stl real and personal property now p hereaher encumbered by the ban of stirs mortgage insured as may be required from time to -p ~ ~ bn,e by the Association aga+nst bss by fire wrndstam and other hazards. cawatbes and conbngenties (or such periods and for not less than wcH amounts as ` f O ~ may tie requued by the Association and to pay promptly when dw stt prenuums for sucA insurance Mortgagor ag•ess to dsbver reMwal or rspbcemeM ~ sl• poboes of any nature or replacement ceridicates of msurence to tM Assotretion. of least tan (101 days prior to the expiration a anniversary date of the existing Z M pul+cies The amounts of insurance required by the Association sMtl W miruttwm amounts (or which said insurance strati be written and q shalt De inwmbent ~ ur7Jn the Mortgagor t0 maintain Stith addrtronal rnturante !S may be necessary b rneel and Comply fully with alt tp-rnsufante requitemenlS ttlrrtarrrad in Said t ~ policies to the end that card Mortgagor is rtot a t:0•rnwra tMrwnder Intwance shall be written by a company or companies approved Or designated by the u ~ ~ Assouabon and all policies and renewals thereol shat) De held by the AssOCretron AN deeded desrgnstrons by the Mortgagor winch are accepted by the 3 t- Association and all agreements between Mortgages and Association retabrtg to rnwrance. now existing or hereaher made. shall be in venting and shat: be a part ~ A of Mrs mortgage agreement as fully as though sat forth verbatim herein and shall govern both parties Hereto and then sucusson and assrtpts No Hen upon any ~ u- of said pOlitie5 0( insurance or upon any refund Ot return premwm whith may De payable Orr the uttcelletion p terminatan tiierepf, shaft be given to other than ~ ~ ~ the Association. except by proper endorsement affixed to such pol+cy and approved by the Association Each potty of rnsurancs shalt have aHixsd thereto s t Standard New York Mortgagee Clouse vrrthout Contribution. malurrg all bss or losses under such polity payable to tM Assncretron as its rnterest may appear M o ~ to the event any sum a sums of ntortey become payable tMrturtder, tits Association shat! hate ttte option to reteiw and apply the same on account of the rn• Q N debtedness hereby secured, or to permit tM Mortgagor to receive and use rt. p arty part tMreol. without thereby waning a rmpainrtg any equity. Han or right under ar?d by virtue of this mortgage In event of bss or phyerut damage to the mortgaged property. the Mortgagor shall give ,mnrediate notice tlsereof by mad fo the Assocratiort and the Assocation may make proof d bss d tM same rs not made promptly by the Mortgagor In event of foretbsura of this mortgage. or usher transler of title to the mortgagW poperty. m exbrrguishrrtent of tM rrtdebtedrtees secured Herby. as rpht. brae and rnterest of file Mortgagor ,n and to ri -any inwrance polices then m force shag pass to tM purttraaer a grantee The Mortgagor further agrees to abide by the ruNS and existirp regulations of tlse AssOtiatron. m tonnettion with repurred irtsurence COveraga Of tM property harem ertttrrrrberW 4 Paragraph i and those winch follow are congirted on tM reverse side of this tttatgaga and by nlererrw are incorporated rnto the body of tlws mortgage The terms Mortgagor and Association, whenever used in Mss rnstrurrrent, dull include the hors, personal represtntatrves, successors or assgns of the respettiw parties Hereto. Wherever used, the singulu number shall include the plural and the plural the sir?gutar, and the use of arty gender shall rnctude all genders. IN WITNESS WHEREOF, ettese emises have been executed oar the day and year first show ten_ _Sgned. seated and t7Nivered i pieserKt ot: ~ r i . ~ ~ 'owl ~e - - ISEALI RO R PRU i? ' r ISEALI F- s _ - - RR.AINE H. FRUITY - YL';='i,~T"Y."='If 7) I.::IS GF 191E 15EAL1 ::_rt PCIiF.AS --Ekeiili C{7iLU r c . --•r Si_ WGIE CO.r FLr7L~~~ ISEALI STATE OR ;«,~~IS COUNTY OF_ ~ 4 • I ~ The j~:_rr~ww~f~ sckrwwtedgrd before me mil-L~- of r~`Jeptember , 19 80 b!r ,'ea:t . i? .~,:•~RUITT and LORRAINE M. FRUITY, husband and wife, - • . , -r ~ ~v IENo ,Mott ex~i~ .mil / ~ 8'3 . l Notary Ptrbtie, stet. of ILL I NO I S ~t~K P~Gf