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Home My WebLink About0583 C-852A pg 63481-2 THIS MORTGAGE INDENTURE ~LjS~~U Executed Nit 23 day of October . A.o., tg 80 . M CHARLES S. FAAS and OBERA P. FAAS, husband and wife q~rK~ party of Use tuft part IhNeirgltN felled filortgegor), to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION • corporation asitting under the laws of tM United Sates o1 America, party of tht second part lhererrratter ailed tM Association), WITNESSETH, That fa divers good and vsttrebls considerstiorrt, and to secure the payment of tM aggregates swn of money narrred in tM Wamrstory note o1 even date herewith, Iwrsinatter mentioned. together with interest thereon and ag other srrrrrs of money secured hereby as hereinafter provided. the Matgegor doer grant, bargain, sell. alien. remise. rektrM. convey and conform unto tIN Association, M fN tirrrple, tM following drtcribd real estate. of which tM Mortgages it now seized and possessed and in .ctwt poaeseion, sitwte us ttre County o1 3t . Lucie star. of iloriaa, legally detcnbed attslfowt: Condominium Parcel No. ?324, 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. SiJBJECT TO terms and conditions of above Declaration of Condominium and any amend- ments thereto, and restrictions, reservations and easements of record. TOGETHER with all structures and irtrprovernents now and lreresltar on said laird and the fixtures sttscMd tlrareto, alto together with all and srrrgular fire tnrsrnents. hereditamM?tt, easements, riparian rghts and appurtenancts ttreretmto belorging, a in any wise appertainirg, and the rents, issues, and Wolits thereof, and arse alt the elute. rr¢rt, title, interest and all clsxns and demands whatsoever. ss trrell in law ss in equrry, of said Mortgages in and to tht same. and every part and perch thereof, and also all gas and electric fixtures, radratps, beaten, aw eorrditienirrg equipment, machinery, balers, rsrrges, elevators srd motors, bathtubs, sinks, water closets, water banns, pipes, faucas, and other pfwfrWt?g and hNtirq fixtures, mantels, refrigerating puns and ice boxes, window screens, screen doors, venetian Winds, stem shutters and awnings, which ar! now or may herNltN pertain t0 or be used With, in a on said premises„ even though they be detached or detschabte, are and shall Ixt deemed to be lixtwes and sccess~orrs to the freehold and a pa+t o1 the realty, and, d the above destrrbed property rs now a shall hpNfter be used la corrrrttercisl Purposes, then the lurnrrur. ant furn,sn...gs a .r.y repia[errrerrts thereof which may De owned by the Mortgages and which are now tN may herealtM Ire located upon the above described property. TO HAVE AND TO HOLD the same, together w:th yl tht estate, right, title, interest, hamestt:xf, dower and right of dower, separate estate, poafetaron, darm and denwd whatsoeve+, in law or in equity, of the sad Matgaga in and to the same, and every part thsreol, unto the said Association in fee sirtrp.e. The Mortgagor hereby covenants with the Assocrititrn that the Mortgagor is radeteasrWy wind with the absolute and fee simple title to sad property, and has full power, and lawful authority to sell, convey, trarKler and mortgage the same: that it shalt be lawful at arty tune hNNfter for the AstOtritgn to peaceably and quietly enter upon. have. Aoki and enjoy said property, and every part thereof: that said property is free srd discharged from all liens. encumbrances, and claims of any krrd, including taxes and assessments, except the Iron hereof, which it a firs) lien on slid property: that the Mortgagor will mile! such further assurances to perltrtt the fee simple trtk to sad property .n the AttOCiation as may reasonably be required; and that the Mortgagor does hereby fully warrant unto the Association the title to sad Woperty and wdl defend same agerrrat the mortgage claims and dtrnarrds of s?1 persons vrhomsoever. NOW, THEREFORE, the cond~tron of this mortgage is such That rl the Mortgagor strait well and truly pay unto the Association, the rndebte+lrress evidenced by that cerum promissory note, of even date herewith, rt+ade lay the Mortgagor and Payable to the Association, in the PnnCrpat wen SIXTY-ONE THOUSAND, TWO HUNDRED--------------------------------------DOLLARS ,s ¢1 ~ 2. pp together with interest ss therein sated, payable over a term of 348 rtronths, and shall per Mm, vrrth and abide by each and every the strpuutions, sgreemMn, condrtronf and covenants conuirred and set forth rn this mortgage and rn the promrssay note secured hereby. then tins mortgage and the elute hereby created shall tNa! and be null and vod. TRANSFER OF THE PROPERTY; ASSUMPTION ' IY aH or any part of the Property or an interest tMrsin is sold or transferred by Mortgagor without Association's prior written consent, excluding (s) the creation of a lien or encumbrance subordinate to this Mortgage, (b) tM creation of a purchase money security interest for household appliances, {c) a transfer by devise, descent or by operation of law upon the death of s joint tenant or (d) 1M grant of any leasehold interest of three yeah or less not containing an option to purchase, Association may, at Association's option, declare all the wms~secured by this Mortgage to be immediately due end payable. Association shall have waived such option to accelerate ii, prior to the 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 is satisfactory to Association and that the Interest payable on tM wens secured by this Mortgage shad tx at such rate as Association shall request. If Aasacistion has waived the option to accelerate provided in this paragraph and if Mortgagor's wccessor in interest nas executed a written sswmption agreement accepted in writing by Association, Aasociasion shall release Mortgagor from ail obipations under this Mortgage and tfre (Vote. If Association exercises wch option to accelerate, Association shall mail Mortgagor notiq of aculeration. Such notice shall provide a period of not less than 30 days from the date the notice is ensiled within which Mortgagor may pay tM wens declared due. If Mortgagor fails to pay wch wens prior to the expires Lion of such period, Association may. without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 Hereof. AND the Mortgagor does hereby t:owMnt and prN 1 To pay au and srrrgutar tfr ptercipal and rntsrest end other wens o/ money payable by wrtw of sad pomissory note and tMs mortgage. or caber. promptly or: the days nespsctrvsly tM same severeNy become dw- 2 To pay all and sirrgrrlsr the sexes. assessments. other governmental levies. Irabhtrss. oblrgatrorrs and encumbances of every natws on lied described property end the rektsd debt stquisitiorr each and wary wirers dw and payable sccordrng to few. balers they become dslrrpuent and. if tM same shag not bs WarrrptN pad. fire Assocratwn may st any time: either before or after deknquency. pay the same vnthout wsrvu?g a aHectrng tfrs option to torecbse. or any right 'i hereunder. and wary payment so made shah bNr interest from tM date tlrsreol at the rate of ten per cent 11096) par annum. ~ 3 That the Mortgagor wdl keep aN real and penonal property r?oW or hersshar encumbered by she ben of tree mongsgs rrrsu*ed ss may be nquued hem ume to c ,1 time by the Association against bas by hie. wrrdstorm and other hazards. uwah~es and conurrgerrcaas for such perrodt and for nut less than wch amounts as may 6e requued by the Association and to pay promptly wtrsn due ail premiums la such insurance Mortgages agrees to deirver renewal a replacement • • ~ ` i pdreres of airy nature d replacement certifrutes of rrrwrancs to tfre Association. at least ten I1 O) days WiOr to the expirstwn a ar»ivsrsary date of the existing policies The artrounts of inrtuntrtf ,paired tYy the Astowtron shall be minimum amounts for which sad mwrarxe shall be written and it shall be incumbent ~ ~ y ` ; I upon the Mortgagor to maertser wch addtionsl insurance as may be necessary to meet and comply fully with all w-insurance requirements COfitserred m sad ~i pdicies to the end that sad Mortgagor is not a co-rrrwrw thereunder Irrsirrsrrp shall be written by s company or conrpsniies approved or designated by the ~ ~ ~ ~ Association and all paiciss and reMwab thereof shall be held by the Assocratan AN detailed dsspnatrons by the Mortgagor wfuch ass accepted by the 3 :,.1 Association and an agreements between Matgsgor and Assouatan relating to rnwrance. niow existing a hersahsr made. shall be m wrrUrrg and shall be a put F" - of tMs mortg>(~ a{irr!Or*i!rit ss f'1bY Fit thirttgh se! forth Yerbatir.: ltr:a:,z arsd i)ia:: go:•sm t~iti parres:rerety slid ttiirir auccasaors and assigns No liars upon any i 7[. " of sad policies of irrsurarrce or upon srry nfurd a return prerrnum which rosy ba payable on the tanceilatron a ttxminatiorr thereof, shall be given to other than C j ~ the Assowtion axceW by proper isrrdorstmMt affixed to such pokey and approved by the Associaton Each pokey d rfKisrsnce shalt have aNrxsd thereto a ; Standard New York Mortgagee Clause without COntributron, rrislurrg sH bas or bases uMet such policy payable to the Arsoaation as its interest may appear ^ In the event arrY wen w wens of money betwme payibk theresrrrder. the Assouatwn shay have the trptiorr to receive and apply firs same on account of the m- • 0 ~ debtedness hereby ssaxed. or to permit tM Mortgagor t0 receive and ass nt. or any part thereof. vnthout thereby waning or inrparnrrg srry equity. hen or rpht under and by vutw of this mortgsgs In event of foss or physical damage to tM mortgaged property. the Mortgagor shall give rmmedrate nptrce tfieraof by mad • C• to the Assoaatan and the Assoaation may mesh Woof of loss d firs lams is not made promptly by tires Mortgagor In event of foreclowre o1 rtes mortgage, or other transfer of btk to the rriorigsged Wpperty. m exturguishment of firs rndebttdrrsss secured hereby. ail right, etk and mterest of the Mortgagor rn and to t any mwrarice policies then in force shag pass to tM purchaser o. grantee. The Mortgagor further sprees to able by the rules and sxistxrg regubtions of the S ~ Associaton. rn corwrsctrorr with spurred urwrance coverage of tM property herein encumbered i i E t Paragraph 4 and those rvfrch fobw an contained on the reverse srtle of this mortpspe and by nfsnnrce srs incorporated mto firs body of this mortgage. The terms Mortgagor and Association, whenever used in this instrument, shall include the heirs, personal representatives, surxxssors or assigns of the respective parties hereto. Whe.ever used, the s~rrgutac number shall include the plural and the plural the singular, and the use of any gander shall include all genders.. IN WITNESS WHEREOF, [base pr i have peen executed on the day and Yea tint above written. se and delver m t of: I / ~ ~1 ISEAIi (~Tl RLES B S ) a P OBERA P. FAAS ~ 4 gFf`!•Mn : q.j,+~~ OF T!XEi ISEALI OUE OA CLASZ 'C iMTi2i6:BlE PEP.S~'1RL PROPERTY, r-s; ~~ti,l~'j!p., PURSUANT TO CHAPTER 71-1~4, ACTt OF 1171. ISEAt.I { a _ ROfiER POITf(AS ~ s ~ CLERK QtCiNT COptTr iT. LW~E ~e Rll~ ST. LUCIE STA~TEe ~ , pt~ ~ -mod bttwe m. this 2"~ d.r of OCtobeT , Is 80 ar a ~ ~ ~ \ lcr; ~ CHA ~ ~ „And OBERA P. FAAS,-husband an wife • - _ Ala F N~ R F 1 1Ny cwnrrietion eapirst ~ FLORID ~NQTARy /Uf1LIC STAtfaf fEQRIDA AT IARiGf NoteryPuWic,Suteot } ~OMIYVSStON f)fifRFS LAN - 26 198? ~X~~ A.M lfOf~ED fMRUGENFRAI in1S UNOERWRItftiS Atu t - -