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Home My WebLink About1337 C-r855A pg 63675 -2 THIS MORTGAGE INDENTURE - ..,may 0 ~ E.ccuted th+t 3 day of November , A.O., 19 80. b% + ' ••i a)"`~~G l~ LSROY VY. STAUFFSR and PATRICIA R. STAUFFSR, husband and wife, party of the first part Iherarnaltr carted Atwtgagorl. to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION a cortw,aho•, earstrng under the taws o1 the United Stites o! America, party of the second part (hrrnallr called tM Astocralwnl, WITNESSE TN, That for dwrs good and viluable consdrahons, and to se:ure tM payment of the aggrtrgate sum of ttsorrey r?arrted :n the prom,ss«y note of even date herevnth, hre,r,aitr mentirxtetf, together with merest rhrtton and alt orbs sums o) molly tecwed hereby as herernahr gov,ded, the Mortgagor does grant, birgam, sell, when, remise, release, convey and cnnhrm unto the AssoaaGt~,on, in lee sin+pN, 1M lolloywng rietcrrbed real tttiq, of tnhrch the M«tgagor n now wised arW possessed and ,n actual possession, s,iuatr m the County of $t . Lucie State of FI«,da, regally detanhed atlolrowt Condominium Parcel No. ?253, 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 tert~ and conditions of above Declaration of Condominium and any amend- ments thereto, and restrictions, reservations and easements of record. TOGETHER wtth atr structures and ,mprovements now and hereafiN On sad land and the fixtures attached threto. also together with alt and s,ttgurar the tenemrtts, hrreddamentl, easentrr,ts, rrparrar, r+ghts and appurtenances tfrreunto belorsgrrtg, «,n any w,s! appertirnug, and the reins, issuer, and profits therepl, and also s11 the mate, . rynt, title, rnterest erect eft clarms and demands whatsoever, as wNt ,n law as ,n lpurty, of sad M«fgagor ,n and to the same, and very Dirt and parch tfserepl, and also atr gas ,rd etecurc fi.rures, rarbators, heaters, an condmomrg eywpment, machrrtry, bO,lers, ranges, Nevst«s and motors. bathtubs, sinks, weer closets, water basins, pipes, t,+ucets, a„J other plunN,+rtg and heatiny Irstures, mantels, refirgerating plans and ice bowls. wrrstloyy screens, screen doors, vertet+sn bl,nds, slam shuttrs and awnings, whrth .,r r now ur may hrr Better pertanr to w I,e used w+th, ,n w on card we+*„ses, even though they be detached « detachable, are and shalt b! deemrl to Is! IrxturtS and xcesswns u. ,r.e hw«hrart anrr a Isart nl rt+..ealty. and rl tM above descntserl «oor ty ,s now « shall hrealter be used 1« cortsrrtlrcril Purposes. rtes. the Iwmture and lurn,shrngs artd :,rry replacrrteuts thereof wh+Ch may Ur owned by the Alwtga9or anti which are now or may l,realtr be located upon the above det!rrbeal property. 10 HAVE AND TO VOID the same, together with aU the estate, nght, title, merest, homestead, down and r,ght of tfovre+. separate estate,possesswgcla,mand ~frn,er,rt whatsuawrr, rn lave or rn storey, of the card Mortgagor rn and to the same, and every part tltereol, unto the card Assocwtron m lee ample. the Alurtyay+rr herel,y covenants wqh the Associative, that the Mwtgagnr n mdeleas,bly sertld wdh the absolute and lee supple title to card Property, and has full power. and lawful authurdy to sett, convey. tramld ar,rf mortgage the carne, that rt shall be tawlul at x,y tune hcrealter Id the Astocranon to peaceably and ttu,etly enter upon, h.+.e, hotJ erMf entoy yard property, and rvrry part thereof; that card property n flee and drscttarged horn all bens, encumbrances, and cta,ms of any bred, rnCtrrdrng tax6 and ,nsrsmrems• ercrpt U,r hen hereof, which rs a first ben on sa+d pups ty, that the Mort9ayo+ wdl make such turthr aswrances IP perfect the lee s,rrtple title to card props ty the Assoc+euun es Hwy reesuuel+ly he reyuur!r1, and that the Alwtgagor does hereby IWIy wxrant unto the Assocwtwn the titre to text proprty and wdt drfend same +•rrinit tree nwrtyayr clarms end demands ul art tte~sons whOntsOever. NOW, iHEREFURE. the cundmon of this mortgage rs such that the Mortgagor shall well and uufy pay unto the Assocratwq the +rtdebtedrtess ~:nencerf by that certain prumrssory no!e, of even date tterervrth, made by the Mortgagor and payable to the Assocratiwn, m the Pnnc.pal win ~tNINTS1tY-FOUR THOUSAND, ONL HUNDRHD-------------------------------------DOllARS rs 94,100.00 I, togeror w,th merest as tr,rrn stated, payable over a trm of 348 months, and shaft t,,,m, comply yWth end abuse try each and every th! stipulations, dy.cements, cond,tions and covenantf cOnla.reed and set IOrIh ,n ells mortgage and m the prom,iso+y note +r, we.f hrr et:y• then epic mo.taste .reed the estate her Nsy created shall cease ar.d be putt and K„d. - • TRANSFER OF THE PROPERTY; ASSUMPTION tt en or any part of the Property or an rnterest tr,ere,n is sold or transferred by Mortgagor without Association's prior written consent, excluding IsI tfse rNauun of a lien or encumbrance subordinate-to th,s Mortgage, (b) the creition of a purchase money security interest for household spptiancet, lc) a transfer rlrvse, des.ent or by operation of law upon the death o1 a toint tenant or {d) the grant of any leasehold interest of three years or less not containing an .,l~uun to pwchase, Associaton rnay, at Association's option, declare all the sums secured by this Mortgage to be immediately due and payable. Association tih,ell hasr .vn,ved 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 .,yrerment o, wining that the credit o/ such person is saus/actory to Association and that the interest payable on the sums secured by this Mortgage shall W nt such rate as Assouatrun shall request- If Associsbon has waived the option to accelerate provirled~n this paragraph and if Mortgagor's successor in interest !•as e¦rcuted a wntten assumption agreement accepted in writing by Association, Association shalt please Mortgagor from all obhga[ions under this Mortgage ,,,rrf the bore. ~ , It Association eserc,ses such option to accelerate, Association shall mail Mortgagor notice of seceleration, Such notice shall provide a period of not less than .SU days trurn U,e date the notice is mailed within which Mortgagor may pay the sums declarrrd due. N Mortgagor fails to pay such wins prior to the expire ' of ouch (,eno./, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AkD the Mortgagor does Hereby covenant and spree t To par an and srrlgurar the pr,nC,pal and interest and other sums of money payable by wrtw of aid prom+ssorY note and ells mortgage. « welter, promptly on thr days respetbvely tree same severalty become rlw 2 To pay al; and singular else taxes. assessmsrrts. otl+er gpvpnrttenat levees. haWbbes. obtipatrons and encumbrances of every nature on sad described property and the related debt acqurs•twn each and awry wMn dos and payabN acc«drne to law. bet«e they become dehnpuent and, d tM same shalt not be promptly ;,arA the Assocration nay at any rims. erttter bef«e « after del,nquency. pay tt+e same without wa,v,rtg « affecting flee option to 1«ecbse. « any rpht II ere=eunder and every payment t0 made shall bear interest from the date thereof at the raw OI rghteen prr cent 1189W per annum 3 Treat me Alortgaga oriel keep all rest arW personal property now «Mreaher encumbered blr tM Iren of th,s mortgage insured as may De requ,red from time to i :•r,~e by tree Assocration against bss by hrs. winder«m and other haiards. cawalt,es and conurtgenaes f« such per,ods and f« not Nss than such amounts as :,:at he +equrred by the Assoaatwn and to pay promptly when due all premwms f« such ,nsuranca M«tgagor agrees to deliver renewal « reWacement I ewi.c~es of any nature w replacement cert,hcates of tsurance to the Assocratwn. at least ten 1101 days pray to tM expratwn «anruwrsary date of the Berating Iw'rcres The amounts of insurance regwred by [M Associatwn shall be mm,mum amounts f« which sad insurance shall be wntten and tt slsall be incumbent u;,0" the Mungagor to marnum such add,tional insurance as may be necessary to meet and wmpiy fully wish all CO•ir?sirrance req,r,r.ntents contained m sad po!rcres to the end that sad M«tpapor is not • co-inwr«-tMnunder Insurance s1ia11 W wntten by a company « comoarties approved « dosipnated by the Assocration and art polrc,es and renewals tMreof tlltati be tMld by tM Attsociation Ail desired desipnat,orts Dy tM Mortpap« which are accepted by the Assocration and a:t agreements be:wesn M«tpagor and Assoaatron rslat,ng to insurance. now ea,sting « Mreafter made. shall be ,n venting and shag be s pan ~f tl.,s n ru+tgage agrae:nant as fusty as tttc„:glt set forth varbat:m herein and strafe govern both pangs lsereto and !bets successors and assigns No hen upon any tit card polrcres of ,nsurance «upon any refund «return pemium which maybe payable on the canctllatron «term,nation ttterraf. shalt be green to other than p t+,e Assocratwn except by proper endorsement affixed to such policy and approved by tM AtlsocNtrOn Each pdicy of utsursrtp shall Mw affixed thereto a Standard New York M«tpspse Clause without Contribution. malting ail loss « bases utsder such policy payable to tree Association as ds interest may appear In the event any sum «wms of money become payable tMreurder, tIN Assoaat:on sleep fNw the option to receive and apply tM same on account of the rn• debtedness hereby secured. « to permit 1M Mortgagor to receive and use n. « any pan tJtsreof. vrithout thereby wamrp « tmpanirsp any cowry. I,srt « rpht under and by vrrttre of ells mortgage In corm of loss « physiCat damage to tM mortgaged progeny. tM M«tpag« 1sha11 give immedias nOtir:e tMreol by mad ro the Assocration and the AssocratAn may make proof of bss d tfN same is not made promptly by 1M Monpap«. In event of f«tt!ebsun of ells mortgage. « other transfer of title to tM mortgaged progeny. in eatirtpuishrrNnt of tM iisdebtedMSS secured hereby. sU right. titN and interest of tM Mortpapa in and to any rnwrance pdicies then in f«u shall pass to tM pwchaser « grantee TM Mortgagor furtMr sprees to able by tM rules and existing repustioru of the Assoc+atwn in conrteetwn with rpuired rnsuranu coverage d ell property tterMn encumbered ~ Parsgrsph ~ and those tMteeA fWbw are tonatnW tfte retraM s+de d this rtrortgape and by reference are inWrp«eted into the body of tfws rtsortpege. Tfse terms M«tgignr and- Assocrat+on, whenever used m tMS instrument, thNl include the heirs, personal reprrnMtatrves, stsooessora « ass,gns of the respective parties hereto. Wnrevr used, the srngular number shalt rnciude the pluril and the plural the srrgular, artd tree use of any gender shah iriciwis all gerwlers. IN WITNESS W1tEF1EOF, three premises have been exec on the day and Year first show written. Erg ,sea and dNrvr in t e of: r ~ $ _ ~ ISEAl1 Y W. ~ Cy, R ~ ¢ ~~n{~~ ~ ~ (SEAL) 3 t- • ~ PATRICIA R. STAU R ISEALI _ ISEALI + ~ . { STA _ t Dr : COUNTY OF ST • LUCIE ~ = 1 } ~ Thi • ~ [rives icknaMetiged bet«e me thrs_~_ day of NOVQ1>Lber , 1g_fl3/ br 'et ~~i LEROY W. STAUFFBR and PATRICIA R. STAUFFER, sb ad and wi e lt1Mt LEN fyly commstrgri a:pies i Hoary PtrWic, sat. of Fi.nR TDA MOTARY ?Nliff S1AiE Of ciORfOJ? AT l/1~iE j MY CAMMISSIprI EX?IRK LW . 26 19i1 ~ T~ 1N5. l~1GER1Mt1Tffi 8o~c342 p«~F13~36