HomeMy WebLinkAbout0077THIS MORTGAGE INDENTURE . ~v~~. ~ ~o-
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E.a:~~eo ~n,. 18 o,r a~ November . A.o .~9 80t~r J.1 ~,r~~ I~.r
"~y oVICTOR~ ~J:e MCeAN~GRO,~and ~ ROSTMARY J: CANGRO, husband and wife
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION 13'' ~~
a:-,,~~w~a~~uo e^~s~~ny arkk~ ~he iews oi uk Un~~ed S~a~es u1 Ame~Ka, pa~~y o1 the seconcf pa~~ Ihe~~~nshN ul1~d th~ Auocutani,
WITNESSETN, Tna~ 10. d~ve~s ~xw anef valuaWe cons~de~auons, and to secu~e ~he paymem nl the sgqr~gate wm ot morwy named m in! p~om~iso~y noie ot eve~ date
hrrew~tA, he~e~nel~e~ menuoned. toge~he. w~~h ~me~es~ ~Ae~eon and all otAp sumi ot mon~Y s~curW h~~eby ~s M~anahN P~ov~d~d. tAe Ma~gapo~ dWSp~am, twg~n, iell,
ai~en, ~~m~u. ~el~au. conrey and conl~rm unto the Aswcu~~on, ~n I~e swnpl~. ~ne Iouow~ng descn0ed ~es~ ~~ut~. ol wh~cA th~ Mw~qago~ ~1 oow u~tW uw1 po~xssed and m
acwal possru~on, s~~uatr ~o ~he CountY ol -St . Lueie Sute ol Flo~~da, ly~lly destntxd
a~ ~o~~o,~ Condominium Parcel No. 4264, of STASCAPB I, a Condominium, according to
the Declaration of Coadominium thereof, as recorded in Official Records Book 338,
at Page 1033, aad any amendmeats thereto, of the Public Records of St. Lucie
County, Florida.
SLBJTsCT TO terms and conditions of above Declaration of Condominium aad any amend-
ments thereto, and reservati,o ns, restrictioas and easements of record.
TOGETHER w~~h an suuc~ures and ~mproveme~ts now and Aereal~r on sa~d Iand snct ~he hatwts attacAM tAN~to, also ~oge~he~ an~n au and s~ngu~a. ~ne ~enemen~-,
he~edua~nents. easeo~ents, upanan ~~qhts arxl appurtenantli thNlunto bllOng~nq, br m sny w~f! ippNtam~nq, ind th! ~tnts, Ksuls, and prohls tANlol, and also sll 1he estate.
,~an~, ~,t~e. ~oir~est and aU Na~ms aoJ Jemands wAatsoeve~. as we11 m Iaw as m~qwty, ot sa~d Mortgaga m and ~o tAe same. and tve~Y Psn aod WrcN ~h~r~ol, an<f also au gas
,+.;f elec~r~c lu~wes. ~aeiwto~s. Aeau~s, au co~d~uon~ng eywc,rncnt, macn~nerv. bo~~e~s. rsnges. Nevato~s znd motors. bath~uDs. smks. wate~ closets. water bat~ns. P~PK.
t,,,~ e~s, ..nJ u~he~ V~umb~nq end hre~~ny f~Rw~K. m.uvels, ~t~~nJe~a~~ny pians and ~ce lwaes, w~ndow xr~ens, sc~een doo~s, venet~an bt~nds, stam sbuUert and awn~ngs, wh~M
+~r nuw ~v nwr ~~r~ealte~ ~w~i~~n ~u w l.r used ~vnh, m w c~n sa~d {Nern~sri, even thovgh they Ue dNxhed or delathMdl, a~e and tAall De Vltnxd to U! tutwes aMl acceSS~ont
iu ihe heehuki end a~wr~ uf Me ~ralry, and. ~1 tbe abovr desaditd p~ope~~y ~s now or shall Ae~ea(te~ be used la comme~cwl pwposes. ~Aer~ ~he Iwnuure and tu.msh~rxn e~xf
.~~~~~ reylacen~nt~ ~hl~eot whKh may be uihn~tl liy tAp h1u~ iqayOr AM1 wh~Ch d~! ~10w O~ may hltN11N b! IOCitld uWn Ih! dbOV~ d!S[i~Gei! p+ope~~y
1 O HAV E AND TO HOL V ~nr wme, ux~e~he~ w~th a~l tne es~ate. ~~9~t, bUe, mte~est. Aomestead, dowei a~cf ~pAt ot dowaM, sepa~ate esu~e, possess~oo, c1a~m arw
,1P~~IJMI W~1~fill~~'Cr~ ~n la.r o~ ~n eyw~y, 01 ~he saKf hlurfgago~ ~n anJ to ~he same. and everY par~ ~hereol, unto tbt sa~d Assocuuon ~n fee s~mple.
ine htu~~y~~„~ he~rbY covrnants w~~A ~nF Assoc~at~on ~hat ~he Mo~~yago~ ~s mCefeas~Uly se~zed w~~h tAe absotu~e and tee sur~k n~te ~o sa~d prope~~y, anU nn tui~ pown.
,~> > ~awlu~ w~nc~~ny ~o sru, eun.ey. ~~•+~~s~r~ end moi~yagr ~he sa~ne. ihei it sball be ~a~vlul at any tune he~eal~e• ta the Assoc~auon to pexeaWy and yu~eUy eo~e~ u{wn.
~,...e, h,d~f ..~rt rn~oy se~d wuyr~~y, a~n1 rve~y Wi~ thr~cwl, that sa~J p~oye.~y n hee a~x1 d~xha~ged I~om all I~ens, encumb~ances, and da~ms ol any kmd, ~nclud~ng m~es and
~,erss~nrntt. euept ~h~ hr~~ he~r~J, nh~ch ~s .i fust hen on sa~d p~uye~~y. that ~he Mo.tgagca wdl makB Suth /w1AH dSSU~drKl110 plrllCt IAE t!! i~mplt ~rtk t0 sa~d p~tp~~~y
~~. +hr AsuK.~.+f.un es mey ~resun~t,tr I,e ~-ryw~e.f, ena ~na~ the ~1u~tyago~ does ne~eby IuDy wanam unto the Assoc~at~on the uUe to w~J p~ope~t~ arW wJl delend wme
.~~nit ~hp mo~~geye cle~ms and ttrmends ut ~1~ pr~tu~~i v~~~UmSOlvN.
NOY~, THEREFUHE, the co~d~u~~i o1 th~s nwr~gage ~s suc~ tAa~ ~~ tbe Mortya9o~ shall weU and uu~y pav unto tAe Auouat~on, the ~ndebteelness
,..,fenced by mat ce~t.+~n prom~sso~V ~otr, of e~en date herewnh, made Ay t~e Mo~tgago• and payab~e to the Assoaauon, m ~he p~~nuW~wm
~NINTTY THOUSAND-------------------------------------------------------OOLLARS
~~ 90 , 000 . 00 ~. ~~~he. .~,~h ~me.est as there~n staeed, payaWe ove. a~e~m of 348 mo~~~s. ~,~ ~,~~ '
,.•~ f~~~m, cnnµ~ly w~tn end ab~ite Ly rxh ,nd e.e~y tne iopu~at~uns, ay~eements, cond~uoos am1 cwe~ams conta~ned and sN to.tA m tlus mortg,yr and ~n the p~om~ssu~Y ~att
t,•, ~,re,1 he~rby, then ~h~i rnorty.r~e end ~he estate hl~eby aldtecf Sha~l tlase and be null and vo~d,
TRANSFER OF THE PROPEHTV: ASSUMPTION
it nH or arry part ot the Property or an ~nterest tAerein is sold o~ transferrud by Mortgapor withoui Associaiion's prior wntten consent, eacludiny (s) th~
~ r<~.,iron o1 e h~n or encumLrance subordinate to this Mortgape, (b) the c~eation oi a purchase money security intaresl for houuAOld aDP~~snces, (c) a transler
~y cf~vtsr, ilnster~t oi by operauon ot la.v upon the death ot a ~o~nt tenam or (d) the y~~nt of any leasshold ~nte~est of three years or I~as not con~aininp sn
,~~~~~on tu pu~chnse, Assoc~at~on may, at Assoc~ation's opt~on, declare all the sums secured by this Mortgage to be immed~ately due and payable. Assouation
,~•a:i navr ~~aicrU suth Opi~Un to accelerate if, pnor to the sale or transfer, Association and Ihe person to whOm the Proper~y is to be soltl Or t~ansllrred rexh
.~ee~nrn~ ~n wnnng that tne cred~[ of such pe.son n sat~sfactory to Associatio~ snd thse the interest payible on the sums stcured Dy this Mortysya shsll b~
~• such ~ate .+s Assouauun shatl reyuest. H Associat~on has waived the option to acceleqte provided in this parsyr~ph and it Mortpagor's succ~ssor in inbrest
~ a+ e~~~cW<~if a wntteei assumptiOn agrrernent accepted in writ~ng by AssotistiOn, AfsOCia.~On shall rsl~~se Mmtyspor from ~tl obl~pstions under tAis Mortyspe
,...f the Nota.
~ f Assoc~at~or. eaurc~ses such option to accelerata, Association shall mait Mortgapor notite of accelerat~on. Such noiica shsll provide s period of not less thsn
;n ,~,,ys frurn v,e date the not~ce Is ma~led .tilthin whrch Murfgago- may pay the sums daclsrod due. If Mortya~or fails to pay such sums prio~ to the exD~~~-
~~~~ of suct. i~e~,od, Associat~on mav. w~thout further notice o- demand on MOrtgsqo~, invoke any remedies permitted by psrsgrsph 15 Aenof. ,
a7vD :ne Mo~tgagor does hsreby covsn~nt ~nd apree
~ To paY ai+ and s~ngula~ the 0~~~~W~ snd ~ntsrsst ~nd otMr sums ot money paysble by vutue o~ sa~d p~om~ssay note and tMS mortpipe. a s~ther. prpmD~~Y a^
tne uays ~espectrvely the same sevsra~~y Wcor*~e due
2 !o uar at~ and s~~gu~ar tAe taass. ~ssessm~nts. oth~r Qovs~nme~ul I~r~ss. ~~ab~i~c~ss. oW~puwc~s snd encumbrancss oi evay nature on ss~d dsur~bsd propsrty
a~~~~ Tne ~ela[ed deDt acpws+t~on sscA ~nd svsry wMn dus and D~Y~bte accord~np to law. Delore theY Ge`ome del~nquant snd. ~f tM ssme shsll rwt b~ promptly
,T ~ ~~e~d che Assouat~o~ msy at anY t~me. l~ihl~ bsfwe or ahe~ delmqusncy paY ths same w~thout wa~nng o~ sffect~rp tM optan to forxlose. or sny rpht
_ ,i r,r:e~nde~ and eve~y paymsM so mad~ sMli De~r mterost (rom tM d~te tMnpi at the rate o1 e~ghteen per ce~t 118961 per annum
~ ~ 3 T:.ar tne Mo~tgagor w~U keep att rsa~ ~nd personsl propsrty raw w Mreshsr sncumbered by tM t~en ol tlas mortpapt ~nsur~d ~s msY b~ rpuned from ume to
~ ;~~;r t,~ ene Assoc~at~on agamst bss by hr~ w~ndstam ~nd otAer A~iards. eawatbes and eonUnpenc~ts for sueh perads and fa not leu than sueh smaunts ss
~ ~~~av be reawred by tne AssouiLOn ~nd t0 pay pomp:ty whsn due atl pr~mwms fw wcA msurance MatQayor sp~ses to de~~va r~news~ w repbcement
i • „~~ ~.u~~~:es oi any nature a replacement certd~utes ot ~nwrants to the Assoc~stan. at least ten (101 days prwr to ths exp~ritan w anr.rvsrsary d~te ol the ea~sunq
~ M ~w~~c~es Tne amounts ot msurance repw~ed by lh! Atsouatwn shall p~ mimmum smounts lor wh~th t~~d ~ntuqnte shill pe wntten ind ~t shall b! ~ntumbent
~i~o~~ 2ne Mor[gayo~ to mi~ntam SuCh iddQ~Onil mwnncs ~s may b~ necess~ry to mtet ~M comply tuuy w~th sp co-~nwrance npwremtnts conum~d m ssd
..~ N<~i«:es to the end thst sa~d Mor[pipor ~s not a co-~nwrw thereunder Inwrance sAsu be wntten by s compsny or Ampun~s apprw~d a des~pnstW by the
" -~i Assx~auon arw att pdK~ss s~d ronewils tM~eof shstl be MW by tM Assoastan All deis~ted dss~p~stans by the Mortpspa wtucl~ are scceptsd by the
~ Assoc~a~~on and at1 agreemsnts Detween MatyaQa and Assouat~on rs4uny to msu~ance. now e;~stmg w heresfter made, sha11 he ~n wr~pnp and sha11 be s psrt
. y o! tr,~s mo~tgaqe agreement as fullv ss thouyh set fonh vsrbat~m hsre~n snd sha11 povern both parues Mreto ~nd the~r successws ~nd sss~yns No 1~ upon sny
• a} sa~d W~~~~es o~ ~~surance a upon any rsfund a ntum premwm wh+th may be p~yaW~ on tAe cancelt~uon or term~nsUOn thereol. shall De p~ren to otber tlun
~ .' tnr Assoc,at~o~ eacsP~ by props~ snaorssm~m sNa~d to wch po4cY ~nd approvsd Dy tM Assoustao Each pahc~ oi ~nwrsnc~ shse ~aw aH~a~d theroto s
~' Standard New Yo~k Mongages Clauss vmthout Contnbutan. m~bnp a11 loss a bssss und~r such pol~cy pay~bN to ths Assocutan ~s ~ts ~nt~ns~ may sppesr
~ =j i~~ tne eve~t any sum w wms o1 money become pay~ble tMreunde-. the Assou~tan sAall hare the opt~on to ~ace~w and apply tM ssme on atcount ot the ur
- -"-. CebleAneSS AlrBby 5lCUred. Ot t0 pltmrt tM MOttpap0~ t0 ~lL~~v~ snd uf! ~t. Or ~ny part IINrWf. w~tlWUt thOr~by ws~viny W impiinnp arry eqwty. IMn W rpAt
unde~ and hy vntue of tMS ~tgaye (n svant o1 bts or phys~c~1 damape to tM mOrtp~p~d propsrty. tAS Mort9~por shs11 yrv~ immsdNt~ not~ce tASr~of by ms~l
~ tu ~ne Assoua[wn and t~e Assoustan m~y maks proof ol bss d the same ~s not mad~ prompUy by the Mo~tys9o. In wtnt of (a~clowr~ ol tMS mohyaye. a
~ other transfer ol t~t1e to tAs mortpsp~d p~opsrty. io ~~GnpwahrrNnt of lM uW~bt~dMSt Ncured Mrsby, all nytft, t~tle ind ~nt~r~st o~ the Mortpspor ~n snd to
any ~nsurance po~~ues tt~en ~n force sAa~~ psss to th~ purcMs~r a prantes TM Mortpaya furthsr agr~ss to sbde Dy t1+s ru~~s and ~a~stmp r~pulatrons ot tM
Assoc~at~on ~n connecuon vnth rpuu~ mwrsnte tov~r~ps ot tM prop~rty Mr~~n ~ncumbered
4 Parag~aph 4 snd thoss wfuch foUOw ar~ conwn~d on tM rw~rw sd~ d ttw
TAe terms Mwtgagw and Aisocuuon, wbenever use0 m th~s mstrumem, tAaU ~nclude tM Aeirt,-
^e~c~u. VYhe~e.e. uud. the s~rgub~ numbe~ sAall ~nclude tAe p~urat and iAe Dlursl the sin9ulsr. snd IAe
~N WITNESS WNEREOF, ~hese p~cm~ses hsve besn exccuted on the day and yqr first Ww~ ~tt ~
$gned. sea~ed and dN~ver~tl m t prosence ol
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J v~~0 f /50.00 t11 PA~7tEMT OF TA~ R~`~1'MA
GUZ OM C~r.$S 'C ENTrkG 9t~ P~F~~Yet ngp~
FO.~~:;.~7ii 70 iN,1FT~: n-._S, A^TS Of 1l11.
~::GER P:;ITSt~S
, . YT. W~IE C0. F1~ -
STATE OF F~RIDA COUNTV Of ST. LUCIE
Tne ~o.ego~r.g ~nsvumem w» xt~wNAedged betwe me th~s ~_ day of November
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a~d by r~(~~~nu ar~ ~ncorpor~t~d ~nto tM Dody d tlws mortp~y~.
e OI any yendlr fhsll
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nsors or ass~pns of tAt retpec~rvt psrues
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VICTOR J: CANGRp and ROSBMARY J. CANGRO, husband and wife,
My tomm~ss~on exp~rtt ~ ~ ~ v
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