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Home My WebLink About0359 ~~~~i ~iS. G-845A pg THIS MORTGAGE INDENTURE` 88544-2 0 t: a«utw tort dory of October 80 . A.o.. l9 . by sU~53 WILLIAM L. BULL and THERESA M. BULL, husband and wife, 9 ~S party of tM hot part (heieinalter callw Mestgagal, to 9• CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a corporation existirsg under the Iavrs of the Unites States of America, party of the s«orW part Ihtniriatter called tM Auotiatwnl, WITNESSETH, That for dryers good and valustik considerations, and to secwe tM payment of the aggregate vein of money named in the promissory note o} even date herewith, hereirialtN rrtentraried, together with interest thereon and all other toms of money s«urw heretry as Mrernalte. povrdw, ihtr Mortgapo+ does grant, ba•yain, sett, alien, remise, release, convey srw conlirm unto the AssocutitNt, in fee srtipte, tM foUOwirig describes real stores, of which the Mortgagor rs now seitw and possessed and rn actual possessan, sitWfe in the County of St• Lucie Stale of Fla rda, legally descrrtild as talowt Condominium Parcel No. 7244, of CATAMARAN II, a Condominium, according t0 the Declaration of Condominiumf? thereof, as recorded in Official Records Book 33d, at Page 2451, and any amendments thereto, of the Public Records of St. Lucie County, Florida. SUB.TECT TO terms and conditions of the above Declaration of Condominium i3nd any amendments thereto, and restrictions, reservations and easements of record. TOGETHER with all structures and improvements now aril hereafter on card rand and th! /fixtures attached thereto, also together witA all and sirgular the tenemrrsts, hereditamMts, easements, riparian rights and appurtenances thereunto 6tlongirg, a in any verse appertaining, and tA! rents, nsties, and profits thereof, and also all the estare, r ugh t, tick, interest and all cyirrri and demands whatsoever, as well in law of in equity, of said Mortgagor in and to the same, and eve+Y part arwi parcel Ilierr!OI, and also a!i gas and electric liaturef, radrstess, heaters, an corxlitionirsg equipment, mxhinery, haler s, ranges, ekvatort and motors, bathtubs, sinks, water closets, waur tWSrns, Drees. faucets, and other plumtxng and heaung natures, mantels, nlrrgeratirg plans and ice boas, wintfow sheens, screen doors, venetian blirists, scam shutters and awmrgs, wiircn ale novy or may herealter perum to or tie used with, m a on said premises, even though they let sletacfied a detachable, are and shall tie deensed to lie li.twes arxf accestrum to the freehold and a part of the realty, and. it the above described poperty is now or shall hereafter tit used Ior commercsal purposes, then else turmwre and Iwmshinyt and any replacements therepl which may be owned by the Mortgagor and sNhich are now or may hereafter txt located upon the above deserittecl property. T^ ttAL'C AiiO TO tivt.v ::.@ ;.i:`.'.r. :.;ye:::i: .~:tH a:: tile irslite, i.y:ii, iii12, iiiif2i Eit, hWiiEilraif, riuWEi arid rn)lii Ol dower. setliiieE E?idie. pussESSrrrn, a,iam, arKi ~4mand whatsoever, rn law or in lyurty, of the card Ma tgagor rn and to the same, and every parr tAereot, unto the card Association in fee siniple. The Mortgagor hereby covenants wsth the Associaton that the Mortgagor n indeleasiWy sewed wrtA the absolute and tee simple tick to said property, and has cull power, and lawful authority to sell, convey, transfer dnd rtiurtgage the sdrM. that it shall be IaW1U1 it any rim! tier Ntter fa the AttUCNtiOn t0 peaclawy arld ljuretly MIlr upon, have, holJ and copy said property, and every part thereof. that said properly is tree and discharged from all liens, encumbrances, and clauns of any kind, inCl{idrriq taxes erxf assessments, except the Iron hereof, which rs a first nM on Sdii1 pr(ipmty, that the Mortgages will make such lurther aswnances to perfect the tee simple ntk to said property .n the Assocrauon as may reawnaldy ere regwred, and that the Mes tgagOr does hereby fully warrant unto the Association the arse to said property and wJl defend same aa,,.nst the mortgage claims erne( demarsih of all persons whomsoever. NOW, THEREFORE, Me condition of this mortgage is such that d the Mortgages shalt welt and truly pay unto the Association, ttre iredebterlness ev.clented by that certain pr[vnnsory note, of even date tierewitR, made by the Mortgagor and payable to the Association, rn the Prrnc rpat vein SIXTY-SIX THOUSAND, THREE HUNDRED------------------------ oot~nf~s 15 ~6~ 300 00 together with interest as therein stated, payable over a term of 3d8 months, and shad ire. or comply with arld abide by each and every the strpulabons, agreements, condrt.Ons and covenants contarnea and set forth m this mortgage and rn the promissory note secured Hereby, thin tMS mortgage and the estete hereby created stroll cease and tit null and void. TRANSFER OF THE PROPERTY; ASSUMPTION It all or any part of the Property or an interest therein is sold or transferred by Mortgagor without Association's prior written consent, excluding la) the reahon of a Iran or encumbrance subordinate to this Mortgage, fb) the creation of s purchase money security interest far nousehotd appliances, ic) a transler t, s. devise, descent or by operation o1 law uaon the death of a joint tenant Or (d) the grant of any leasehold interest of three years or less not containing an option to purchase, Association may, at Association's option, declare all the sums secured by this Mortgage to tae immediately due and payable, Association shat) have waived such option to xcelerate if, prior to etas sale or transfer, Association and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of such person K satisfsciory to Association and that the interest payable on ens sums secured by this Mortgage shall be ai such rate as Association shall request, If Association nos waived the option to xceterate provided in this paragraph and it Mortgagor's successor in interest has executed a written aswmption agreement xcepted in writing by Association, Associa.ion mall rstease Mortgagor from all obligations under this Mortgage end the Note, If Auociation exercises wch option to accelerate, Association shall mail Mortgagor notice of acceleration. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior to the expires ton of such period, Association may, without further notice o? demand on Mortgagor; invoke any remedies permitted by paragraph /5 hereof, AND the Mortgagor doss Hereby covariant aced agree 1 To pay elf and singular tM prxtcipal and interest and other wins of money payable by virtW of sad promissory rate and this mortgage. a either. promptly on the days rasp«trwly tM same sawrally bacoma dux 2 To pay an and sirigislsr tM taaas. assatsmarits. otlsar povernrrantal lavias. liablibes. obkpatrons and encumbraricas of every nature on said described property and the relator debt scqunitan rich and awry wMn dux and payable according to taw. before they become dennquent and. d tM same shall not W promptly paid. the Assouatinn may at any uma. erths~ betas or aher dskriquancy. pay tM same without waiving or aNecbng the optan to forscbse. a any right Hereunder and awry payment to made shall bau innrast from the date [Mre01 at llie rate o1 eighteen per cent 1189W per annum 3 That the Mertgaptu wdl keep all nor! and personal property now a hereafter encumbered by the lien of the mortgage inwror as may bs rttgiiNor hom time to ' rime by the Assocraton against loss by hrs. windstorm and otMr Mtards. uwalties and conurigencras for wch periods and for not less than such amoums as may be required by the Association and to pay promPth wMn due alt premiums fa such inwrance Mortgagor agrees to deliver nreewal a replacement j polrcres of any nature or replacement cartif+catas of inwrancs to the AtsOtiatrpri. at least ten 110) days prior to the eapratan a arusiversary date of the existing polKres The sni0unts of inwranu rsquiror by the Associaton shall W minimum amounts fa which sad msunrtce shag tier written and rt shall be incumbent upon [lie Mortgagor to maintain wch additional insurance as may tier necessary to meet and comply fully vnth fill co-inwrancs raquuements contsutsd in sad policies to the end that said Mortgagor K not a co-mwror thereunder Inwnrtta shall be written by a company or conspanias approved or desiprtator by the Association and aN pdreias and reKiewab tMraof stiatl tier Mb Dy tM Asstxatiori All tlawlor ttatignatrOns by the Mortgage whch are acceptor by the Association and aN agreements batwesn Mmtpapor and Asfrociatan nlaunp to inwrarece. rqw eaisurtg tx hereaher made. sftall be in writing grid shah bs a part of this mortgage agreement as fully as though set forth verbatem Mom and shall govern both parties hereto and iheu successors and asspr?s No ken upon any j of sad pdiuex of inwrsnts a upon any refund or return premium rvtrch mar be WYabb_on the eareeellation or termuutan tftersol, stub be raven to other than € the Association. sscept by popar andorseritent affittor to sort pokey aced approved by tM Association Esch pokey o1 irssiirartta shah haw aNixor thereto a t` Standard New York MatgagN Clause without Conuibutan, makusg all bas or bssas trrtder such Policy payable to tM Assouatan as its interest may appear i In the event any sum or wins of money become payable ttterwndar. tM Associaton shah low tM option to rscerve and apply tM same rx? account of tM in- debtedxss hereby sewror. or to permit tM Morti7aga to racerw and ass it. tx arty part thaw(. without thereby waiwrsg or impainrtg grey equdy. !rare or right under and by vutue of tMs mortgage In avant of loss or physical damages Io the mortgagor property, eels Mortgage than give immedua ratica tlearttol 4Y mail to the Assocutan and tM Assouatan may make proof of lots i1 tlta same K not made promptly by the Mortgsgtx. !n evert of foracloturs of this mtxtpsge. a other transte? of title to the mortgagor goparty. in •:tirtguitltrtiarst of tM iridabittdrtest sacuror Mraby. aN right. title and interest of the Mortgagor in and to any inwrance pokcies then M fora shah pass to the purctuser or grantN Thor Mtxtgagor further sprees to able by tM rulers and aaistirtg ragulatior?s of eels Assocation. in corvs«bon vnth raquuor mwnria cowraga of tM property frrain ariwmbaror 1 Parsgraplt 4 and thosy wheh foNow era eontauead ore tM ravarM tda o/ tlws ttsortpaga and M re/erartq era rtcorpwatad into tM body of this rriortgaga The terms Mortgagor and Associatwn, whenever usor in this instrument, alter!! rrrcludt the heirs, ppsonsl representatives, wOtessors Or sssgns of the .etp«twe parties hereto. Wherever used, tM firigular number shall include the plural and the plural the singular, and the use Ot any gender shall include all genders. IN WITNESS WHEREOF, chase premises Arn been ex«utor on the day and yea Got .written. ' ~ignor, sealed and dd' ad in the W _ ~ f i r g ~ / ISEAII 3 ~ WILLI L. BULL ~ tom' - ~ ISEAII j R".:S1fE0 f /3;~.6D IN PAYNEf(T OF TAXEi THERESA M. BULL ' Li;. CN CULf 'C' 1lIIfliGBlE P,FSOit~L PROPEATYr ISEAII PU;i:.JANT TO CHkPTER 71•t?.4, ACTS Of 1tIL Ra6fA POITRAS E ISEAI) e ` v tioe' STATE OF TEXAS COUNTY OF~ ~ t The foragarg instrument was aekrweiAedged before me thn ~ day of October ~ t9_.$.0 by wee WILLIAM L. BULL and THERESA M. BULL, has ~•1i~t' . Tii~~L~t Crt~',1'„G ~ r~..,~v. i / LE D R ~ t Mycommiuanexpi.es f)_r:3';' F~;'`•~'c ":i:::i•QC~,1~.L , ~ Notary ~ N s i e..N n~~ s?' ~V • i F~ BO!iK PAGE s._