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HomeMy WebLinkAbout0793 c-818A pg /8a/ob9 62?~~ -2 ctr! THIS MORTGAGE INDENTURE ~ ~ • ~ y E.ecwtd thit 15 nay of September , A.D., is 80 . by ROBERTO M. BREVES and CARMEN - de BRF~,vES St~iZa3S$ party of the first part 1?rtnanalgr called Matgaga), to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION 9q•bv a corporation exrsurg under flit laws of the United States o1 America, party of the second part IhtrernallN called tM Assocralan?, WITNESSETH, That la dryers good and valuable consweiahons, and to secure the Wyment of the aggregate vein of money earned in the promissory Hole of even date neiew+ih, freie,r?altp mentiortcd, together vwth interest thereon and all othp wins of money tltUrad heitby x lseiernalter prbyrdtd, the Mortgagor does grant, bargain, sell, alien, remise, release, convey and confirm unto the Assocrabon, in tee stnrlple, the lolloywrg describetl real estate. of which the Malgaga rs now serail and Dossessed and m newel possturon, s+tuate m the County of St • Lucie State of flarda, tegall AestntNd as fbltbrly, Condominium Parcel No. 7663, 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 with all strrKwres and intprovemMts now artd hereafter On said land and the fixtures attached thereto, also together with all and s,ngutar Me tenements, Hrredrtaments. easements, riparian fights and appurtenances thpeunto tStlongi.y, M in any arr,e appertaining, and the rents, issrits, and profitt thaeot, arW slab alt the estate. r,aht, true, interest arW al! clams aril denwnds whatsoever, x wNl rn taw x in equity, of sad Mw egaga rn and to the same, and every parr and parcel thereof, and also au yes .red ellCenc fi>tures, radiators, Heaters, err condrtionrrg eywpment, machinery, boners, ranges, elevators and motors, Wthwl>s, sinks, water ctoslts, water barns, pipls, i.,ucets, and utHer plurteb,ny and heaHny 1,?tuie5, mantels, relrrgerahrty plans and rte boxes, window aireens, sceeeri tloort, venetian blrrrds. storm shutters and awnings, whrcA .r,r now or may hrredlrer peitein to or be used w:tH, ,n o. orr said premrsK, Byte though they lie detached or detachable, are anrf shall tie tfaerrserf to !re I,Rtures and access,uns to rtre IreehWd and a part of the realty, and, d the above tlex+rbed property rs now a shall hereafter tfe used for commc+crsl purposes, Cher, the lurmwre and twmshmys and .iny replacements there0! whKh may be owned by the Mortgagor aril Yyhrch are now br may her ealtN b! located upon the strove deKrrlKd pr OlSN ty. TO NAVE AND TO HOL p the same, toyetner won all the ovate, right, uUe, mterest, hornestead, dower and +ryhl of down, separate estate, possession, claim srxf :femarxf whatsoever, in law or rn equity, of the seal Mortgagor in and to the same, and every part thereof, unro the said Assocutrtxs rn tee simple. The lslortgayo+ hereby covrnants with the Assocrahon that the Mortgagor is indeleasrbly seized wash the atnolute and tee srmpk trek to card property. and fix sou power, :,rot low/ul auMor,ry !o sell, convey, transfer era/ rrtprey.r,]e the same. teat d shall tfe lawful at any trine hereafter for the Association to pexeaWy arrd yuretly Mter upon, finer, Hurd aryl Belay nerd property, arm every part thereof, that card property rs tree nett discharged from all bens, encumWanCM, and dams of bey kind, inCludrfrg taxes and msrssments, e,cept the lien hereof, which rs a first hen or, said pruherty, that the MoNgagor vent meke such further xswances to perfect the tee smsple tale tb saW prtrpe: ty .n me Assoaauuo as may reasonably be regsrued, arW that the btu+tyegor dues hereby fully warram unto the Assoc,atiun the tale to said property and wJl tfelerW wale .,,,.,,~st the mwtyaye claims and drmerils of aft persons whomsoever. NOW. THEREFORE. the curxlruun of this mortgage rs wch that d the Mortgagor shaft well and truly pay unto the Assocratron, the rrWebteifness a,; ~,ferrcHl by That certain promissory note, of even date Acrewgh, made kryr the Mortgagor and payable to the Assocrei:un, m the pnncrpal u:m „t SIXTY-SIX THOUSAND, THREE HUNDRED FIFTY------------------------------_ool.~ARs ~5 66,350.00 royether with interest as therein stated, payable over a tam of 348 - momhs, er+d shall t4=knm, comply with nett al>a1e by each aril every the st,pulations, agreements, cbndnions and covenants conlaured and Set Borth m the mortgage and m the pramsswy note sri tired hereby, then the mortyage and the estate hereby created Shah cease and t9e null and vO+d. TRANSFER OF THE PROPERTY; ASSUMPTION I) all or any par[ of the Property or an interest therein is told or transferred by Mortgagor without AssociaUOn's poor wntten consont, excluding /a) the reation of a I,rn or encumbrance subordinate to this Mortgage, Ib) the creation of a purchase money security rnterest for household appliances, Ic1 a transfer i~v drvise, descent or by operation of law upon the death of a joint tenant or (tl) the grant of any leasehold interest of three years or less not containing an ~,IrNun to purchase, Association may, at Association's option, declare al! the sums secured by this Mortgage to tie immediately due and payable. AfSOCiatlbn small have waived such option to accelerate it, prior to the sole or transfer, Association antl the person to whom the Property is to be sold or transferred reach ,yrrenrent m wasting that the credit of such person is satisfactory to Association and that the interest payable on the sums secwed by this Mortgage shall be ,r such rate as Association shall request. If Association has waived the option to accelerate p?ovided in this paragraph and it Mortgagor's successor in interest =,as executed a wntten assumption agreerrtent accepted in writing by ASSOCiaiioR, AssOUa.ron shall release Mortgagor from all obligations under this Mortgage .u,d ter Note. 1f Association exercises such option to accelerate, Association shall mail Mortgagor notice of atceteraUOn. Such notice shall provide a period of not less than aU days from the date the nonce is madrd within which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior to the expire r.,;n of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph /5 hereof. ANO the Mortgage doss Hereby covenant and agree 1 To pay all and s:rngular the pnnCipal and mterest and otMr sums of money payable by valor of card promissory note and this mortgage, or either. promptly on the days +espectwely the same severalty become due 2 To Day all and singular the lases. assessments. other governmental levies. Irabilit,ss. obligations and exumbrances of every nature on sad describett property and the rotated debt acquisition each and every wMn due and payable according to taw. before they become debrrquent and. i1 tM same shall not be promptly - pard. the Assocrauon may at any time. snMr before or afar delinquency. pay the same without waiving or affecting the Opiwn to forecbse. or any night Hereunder. and every payment so made shalt bear rnterest from tM date tMrsot-at the rate of eryhteen per cent t18'til per annum ps 3 Tnat the Mortgages writ keep aft rear and personal property now d hereafter encumbered by tM ben of tMS mortgage inwred as may be requued from time to L Z7 t~rne by the Association against loss by fire. wrndstam and other Aa:aids. Casualtret aril COntingerKies for such periods and for not less than wch amounts as tea may be requued by the Association a:Sd to pay gibing:ty wMn due aft premwms for such inwrance Mortgage agrees to deliver rerrewat or rspacement _ ~ poi=ores of any nature or replacement ceruGcates of insuranxe to the Association. at feast ten f 101 days poor to the expiration or anniversary date of the Busting O p pohues Tee amounts of insurance required by the Association shalt be minimum amounts fa which card ,nwrance shall be wntten a:d it shall be incumbent _ ~ ~ upon fire Mortgagor to ma,nta,n wch additanai insurance as may be necessary to meet and comply fully wash an co-enwrarxe requusmems contained m sad ~ pot,cres to the end that said Mortgagor Knot a c0-insura thereunder Inwrance sflall be wntten fly a company Or Companies approved Ot designated by the " ? a, AsSOCratrOn and all policies and renewals tMre01 shalt be field by the Association Alt detailed desrgnatans by ttte Mortgages which are accepted by the ~ o Assocution and au agreements betwMn Mortgagor and Associatan relating to insurance. novv eiisting a hereafter made. shaft be rn venting and shah be a part i ~ ~i 'd of this mortgage agreement as fully as tfsOrrph set forth rsrbstim trersin and sMU govern both parties hereto aM their sucussors and assigns. No Iran upon any - t of said pd,ues of insurance a upon any refund or return premium which may be payable on the cartcellatron a termination thereof. shall be given to other than ~ ~ the Association. e,ccept by proper endorsement aN+aW to weir pdrey and appnored by the Associatan Each pd+cy of esuranee shall Have aflued thereto a ` Standard New York Mortgages Clause wtthoue Contnbu[an, rtlalurrg alt bas or losses under such policy payable to the Assouatiort as rte mterest may appear ~ m In the event any sum or sums of money became payable tMreunder, the Assouatan snau have the oplibrs to receive and apply 1M same on account of the rn- i' v 4 debtedness Hereby secured. a to permit the Mortgagor to receive end use rt, or any part thereof. vnthout thereby wa,vrnp Or impairing any equity. lier? or rpht t ~ under and by wrtrre of this mortgage to event of loss a physical damage to the mortgaged properly. the Mortgagor shall give immediate notice thereof by man ~ to to the Association and the Association may make proof of bas d flee same rs rat made promptly by the Mortgagor In went of Ioreclowre of tMs mortgage. tx ottre• transfer of utb to the mortgaged property. m estrrlguisttrrlertt of tM indebtedness secured hereby, all right. offs and rnterest of the Mortgagor tit and to ~ ~ . any inwrance polices then in fore. shall pass to tM purchaser or grantee. TM Mtxtgapor further agrees to abide by tits rules and exrsung regutatans of the ~ Association. rn connection with regtrued intfrrrarrce coverage of tM property Maus encumbered 4 4 Paragraph 4 and those vvtwch follow are congirled on the rwNN ads o/ thin ttlortgage and by refer are rncaporatnd ato tfle body o1 this matgags The terms Mortgagor and Association, whenever used in this rnvrument, shall include the heirs, repro tat ,successors or xsrgns of the respeclrvt parties n.reto. Wherever used, the singular nunsber shall include the plural and the plural the singular, and the of y irrctrrdc all genders. IN WITNESS WHEREOF, these premisettraw been executed on the day and year first show wrr n. Sgrted, a and delrverM rn the prose71~a of: _ / ~`7~ ISEAII , ROBS BR S _ - - ~r `-~~rpy.~_ ISEALI R~~=^t~©s /3 a.7o !N PAn c1?T dF TAXf1 CARMEN de BREVES .r r..r.. " :,u=.. ISEAl1 Pi~:.~~:.NT T~ C8„: f::' 7i-; ;4, ACTS GF 171. t tiiluerl PrFfie>kS t~ ISEALI Cls.6K CI:,CUIT CObBT, ST. IUGJE CO, F(~gM' wlaf~~ =r+TE Of FLORIDA COUNTY OF ST I.iT('_IE ~r~~7-~~ The foregoing rnstiunnent was acknowledged before rift this-15_ day of Se*~tembpr , 19$0 by ~~i e~~~p ~ T eSt±~i - ROBERTO ~d. BREVES and CARMEV de BRAES sbatid rid fe, / iEHO a MYCannissanc:ports _ C.c c1-^,'+tAa wi ~s - - • i. ,,:.;;cxr,~r iERS Notary ate of _.FI,ORIDA , ~ ~~~x3~0 ~a~ 7y3 . r tl~ ~ _ - :,Y. _ ~ _ -y i -