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Home My WebLink About0705C-353A pg 64252-2 THIS MORTGAGE INDENTURE I D ~ Executed thin •3 day of November , A.o., tg 80. by 5~~9~~0 / DERRICK D. HIND, married ~-s`~~ party of the first part (hereinaftt called Mortgtiparl, to CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION ~~~ • c«p«ation extshrg under tM laws of the UnueO States of America, party of the second part Ihreirtattt cslNd the Atsociatanl. WITNESSETH, That 1« dryers good and valustrle consderatrons, end to secure the payment o1 the aggregate sum of money named in the pomnsay nose tit even date heresstth, Iwrrsaltr rrtenttortad, together witA inNrest (hereon and all Other sums of money secured hereby errs hereinafter povded, the Mortgage does grant, ltargam, sell, when, rerisise, release, convey and confirm unto the Association, in lee srrrrpN, 1M lollowirtg dpcribad real estate, of which the M«igaga is now staaed and possessed end m actual possession, attwte to the County of S t . Ll1C i e State of Flortds, legally described attdloyvs: Condominium Parcel No. ?312, of CATAMARAN II, a Condominium, according to ti~f3 Declaration of Condominium thereof, as recorded in Official Records Book 334, zt 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 amQnd- .nents thereto, and restrictions, reservations and easements of record. TOGETHER with ell structures end rmproverrtertts now and hreaftt on said land soft Me fixtures attxhed threto, also together with all and singular the tenements, nertditsments, easements, riparian rigftts end appurtenances threunlo bel«tgug, « rn any vwse appertain end the rents, issues, and rig, polies thereof, and also all the estate, rvght, title, interest and all clarets and demands whatsoever, M will in laws! in equity, of said Mortgages in and to the same, and eery pars and parcel tltereol, and alw alt gas and electric fixtures, rad~~as, hearts, au cortdirioning aquiprrtent, mxhirtty, balers, rartges, elevators and motors, bathtubs, sinks, water closets, watt basins, pipes. faucets, and othr plumbing and heating fixtures, mantels, refrigerating plans and ice boxes, vrindow x:reens, screen dons, venetian blinds, storm shutters and awnuiys, which are now or may ftreatter Attain to « be used vwth, in a on sad penises, even though they be detxhrl es detxhabk, are and shall be deemed to rte fixtures end xcesuorx to the Ireeltold and a part of the realty, and, if the above described poperty iS now « shall ftreattt b! used f« comnrrcial purposes, then the fwnrture and fwnishings aril any rtptacements thereo/ which may be owned by the Mortgages and which are now or may hreattr be located upon the above describrt poprty. TO HAVE AND TO HOLD the same, togethr with alt the estate, right, utk. merest, homestead, dower and right of down, separate estate, possrsswn, steam aril demand whatsoever, in law or in equity, of the sad Mortgagor in and to the same, and every part thereof, unto the sad Association in fee simple. the M«tgsgor hereby covenants with the Association that the Mestgaga n indefeasibly seized with the attsolute and fee simple title to sad poperty, and has lull truvrer, and layvlul autftesity to sell, convey, rianslt and mortgage the same. that it shall be tawlul at any time fttreatter for the Associatwn to pexeably and quietly titer upon, !lave, hoW and copy sad poprty, and every part thereof, that sad poprty is free and discharged lion all liens, encumbances, and claims of any kind, including to^es and assessments, except the lien hereof, vifiicA n a lint hen on sad poprty. that the Mortgagor will make such lurthr aswrartces to prlect the fee simple title to said pauper ty .n the Association as may reasonably rte requued; and that the Mestgages does hereby fully warrant unto the Assocwtion the title to sad poperty and will rltlentl same against the mortgage claims and tlerrtartrls of all Arsons whomsoever. NOW, THEREFORE, the cordinon of this mortgage n wch that d the Mortgagor [hall well and truly pay unto the Associaton, the indebtedness evidertetd by that train prttmisiory note, of even date herewith, rttadt try the Mortgagor and payable to the Associatwn, in the principal wet „l SIXTY-SIX THOUSAND, EIGHT HUNDRED FIFTY------------------------------t)OLLARS .s 66 , 850.00 1, togetht with merest as therein stated, payable over a fret of 348 nwnths- civil shall c>ertorm, comply wttA and abide sty exh and every the stipulations, agreements, condrtiorts and covenants contained and set forth m this mongaye and in the promisuxy note secured hereby, then thn nwrtgage and the estate htetty created shalt cease and b! null and vod. TRANSFER OF THE PROPERTY; ASSUMPTION If all or any part of the Property or an interest therein is sold or transferred by Mortgsgor without Association's prior written consent, excluding la) the creation of a lien or encumbrance subordinate to this Mortgage, Ib) the creation of a purchase money security interest for household appliances, Ice a transfer by devise, descent or by operation of Isw upon the death of s joint tenant or Idl the grant of any leasehold interest of three years or less not containing an option to purchase, Association may, at Associations option, declare all the sums secured by this Mortgage to Ire immediately due and payable. Association ,hall have waived such option to xcelerate if, prior to the sale « transfer, Association and the penon 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 the sums secured by this Mortgage shall rte at such rata as Association shall request. If Association has waived the option to xcelerate provided in this paragraph and if Mortgagoi s succezsor m interest has executed a written assumption agreement xcepted in writing by Association, Association shall release Mortgagor from all obbgations under iMS Mortgage antf the NOTe. I1 Association exercises such option to xcelerate, 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. ff Mortgagor fails to pay such sums prior to the expire nun of such period, Association may, without further notice or demand on Mortgagor, invoke any remedies permitted by paragraph 15 hereof. AND the M«tgag« doss ftretty covenant and agree t To pay all and singular the pincipal and intrest and othr wets of money payable by tnrfw of sad pomrss«y note and tMS mortgage. «either. pomptly on T y ~ the days rsspxtrvely tits same severalty become due ~ ~ ~ 2 To pay all and singular tits taxes. assessments. other governmental levies. 4abktiss. oblpations and encumbrances of every nature on said described poperty o and the rrWted debt xquisrtwn each and awry when dw and payable acc«di to law. befese they become dale rig nquent and. if the same shall not be pomptty v Q o a pad. the Assocratror- may at airy time. rtMr bet«e « ahsr dshrtquertcy. pay the same without waiving or affecting the option to feseclose. « any right Lei ~ hereunder- and every payment SA made shall bear intrgt Iron tM date thereof at the rate of ten per cent 11096) pr annum Z .t tin 3 That the M«tgages wail keep au real and prsoMl poperty now « hereahr encumbered by the lien of this m«tgage insurod as may be reQwred from time to ~. ~ ~ bete by the Association against loss by fire. winds[«m end other harards. cawalties and contingencies la wch periods and f« not less than wch amounts as ~> > ~ may be required by the ASSOCiatiOn and to pay pomptty when dw all pemiums for wch inwrance Mestgages agrees to deliver renewal or replacement `. a~ O -p pdreies of any nature « replacement csrtiticatss of mwgncs to the ASSOCiation, at least ten I1 O) days Aver to the expiration es anniversary date of the exrsung 3 tL ~ policies The amounts of inwrance requued by the Association shall be minimum amounts f« which said insurarxe shall be written and it Shall be incumbent T m ~ upon the Mestgages to maintain such additional inwrance as may be necessary to meet and comply fully with all coinsurance requirements contained in said ~-, Ui ~ policies to the end that sad Mestgagor is not s co-inwr« thereunder Inwrance shall be written by a company « companss approved « designated by the ~ ) o Association and all policies and renewals titsrepl shall bs hski by the Association Alt detailed designations by the Mortgages which are accepted by the e ~ Association and all agreements between Mestgsges and Associaton rslstinp to inwrance. raw existing « hereafter made. Shall be in venting and shall be a part - ~ ~ of this m«tgage agreement as fully as though set forth verbatim herein and shall govern both parties hereto and their wccessors and assigns No ken upon any c ~ D y of sad polices of inwrance «upon any refund «rsturn psnuum which may be payable on the cancellation « terminatan thereof. shall be given to other than the Associaton. except by popr sndessement affixed to such policy and sppoved by the Association Each policy of insurance shall Aare affixed thereto a s ~ O Standard New York Mortgages Clause without Conintwtion. making ell kris « bases under such policy payable to the Association as its interest may appear f- In the event any sum « wets of money become payable thereunde*, rite Assouatan shall have the option to rxrve and apply the same ore account of the in a debtedriess hereby secured. « to permit the Mestpagor to receive and use it. « an y part thereof. without thereby waiving or impairing any egwty. ken or right under and by vutue of this mortgage !n svrtt of loss « physical damage to the nartpagtd poperty. the Mortgages shall give immediate notice thereof by mail to the Association and the Associaton may make pool of loss d the same is not made pomptly by the Mortgages In event of forecbwre of this mortgage or other transfer o1 title to the mortpsgtd poperty. m axbnguishment of the indebtedness secured hereby. all right. tide and intrest of the Mortgagor m and to any inwrance policies then in lace shall pass to the purchaser es grantee The Mortgages further agrees to able by the rules and a:isting regulatans of the Association. in connection with rsquirtsd inwrance courage of tits poperty harem encumbered t Paragraph 4 and those wMch foMOw are convened on the revery side of this mortgage and by rslsrence are inCesp«ated into tM body of this mortgage The terms Mortgagor and Association, whenever used in this instrument, shall include the heirs, prsonst representatives, wccessors or assigns o/ the respective par tits hereto. Wherever used, the singular numtir shall include the plural and the plural the singular, and the use of any gender shall include all genders. iN WITNESS WHEREOF, these penises have been exec rd on the day and year tryst above written. Signed, sealed and dNiver/ed^in the pesence o ~~) ~ _~ 11h--d89TT -- -- ----- ---1SEAU ~. ~ DERRICK D. HIND • __ 1SEAL1 e~au~ a ~. ~~oa~ - -------- - -- ISEAI- ~~ _ ~~~ ~A ~ ~_ '-~ -ISEALI EIIt11~My s~ M IIMb/ ~tli~ ~ ..~` 1 ~ ~y ~, Y OF ENGLAND COUNTY of~ C „ - ~ "~•~ The 1« instrument was xk , .~ egoirtg norvfedged bed«e me thn , 198 by ~~~ DERRICK D. HIND, married ~ .W '• s ~ - ~t: ,~• - Mr commissar expres 6gm(~~4 PACE t ~•1 ~ ~ ~. ~/ .<~ --rte - ~ iENO RERE ` ~.~ r . _ ~,_ .. - t~s,rbli4, stag of , !'' Mca C4 t11 11n • lblMa~ A.a. d Afllee~g~ t..fMw Efy.ai . Sr.d'~T!~f