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THIS MORTGAGE INDENTURE ~12~36 ~
E .~~,,,„~ ~~„ 26 ,,,Y „~ November . A o.. ,9 8pw - ~
~iATTHEW B. McCULLOUGH and RUTH BLLEN McCULIAUGH, husband and wife
pa~ty pl ihe ~ns~ Na~t (~r~r~rut~e~ callK161o~lyagorl. ~o ~9'
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION I
e ~,~rya~atwn e~nhny unJe~ the ~e.~s ul ~~e Um~ed S~a~et of Anx~~ca. pa'~y ol ~he secorW pa~~ Ihe~e~nahe~ ca~ka tM Aupuatwnl,
Wl1kE55E TH, Ihat fo~ ~f~rr~s 9oix1 anu valuaWe cons~dera~~w~s, am1 to secu~e ~Ae paymem o1 ~he agg~eyaq sum ot rtwney narr,ed ,n M~ p,om~uay ou~e ol even da~e
~~e~rw~tn, he~e~rwtie~ mrnhunect, IOgllhl~ w~~h ~me~est ~he~eon arxt aU o~na wms o1 mO~y y~cu~W Ae~eby st hae~n~1~N p~ov~Wd, ~he Mo~~ysqo~ do~s y~~nt, W~ga~n, y~i1,
+~~e~, qm~se. rr~tase. conv~y aruf conhrm u~to tne Assouat~on. eo IK s~mpls, tA! lollor+nng dpsu~bed rNl etul~. ol whKA 1Ae Matqayo~ ~s now q~itd socf posxtsed a~w1 ~n
e~ i~el pussess~ou, s~wate ~n ~l~e (:cwo~y af -7t . Luei e s„~~ o~ ~~Q„d,. ~~,~~Y „~~,,,«,
d,},~;~o,~ Condominiwa Parcel No. 4252, of S~ASCAPS I, a Condominium, according to
tl~e Declaration of Condominium thereof, as recorded in Official Records Book 338,
zt Page 1033, and any amendments thereto, of the Public Records of St. Lucie
County, Florida.
sUBJSCT TO terms and conditions of above Declaration of Condominium and any amend-
ments thereto, and reservations, restrictions and easements of record.
iUGE IHEH .~rth an siructwes anA ~nyuovements nonr and hereal~p o~ sa,d land md th~ h~tu~es attxh~d the~e~o, alip together wdh all anA smqula~ ~he tenemrnts,
r.c•:rd~te~npMi. Noiemrnts. r~panoo ~~qAq aMl ~K,u~~en.u~ces ~he~euoto txlong~ng, a~n any w~se appe.ean~np, and the ~ems. ~ssues, and D~ol~~s ~h~.eol, snd a~w ail ~he eua~e,
„;r,~. „i~r. ~nrr~rs~ an~~ rt~ c~~~ms .+nd dr~nands wna~soeve., as wNl ~n law as ~n ~yu~ty, of ya,d Alalgaga ~n aod ~o tb! ~ne. and eve~Y pa~~ and pa~cel ~h~~eol, and alfo an yas
,~•,i r1e~~~~. ~~.iwes. ~a:t~atnn, hr~tr~s, eu conJ~i~omng e<~u~wnen~, macn~nery, boders, rsnges, ete~ato~s and motws, WtAtubs, s~nks, wate~ closets, wate~ Dasms, p~pes,
~~..~ eta, .~n~1 utf~r~ yi~nd~~n~ ~nJ f~eet~ny f~a~urrl. rn,~nlrli. eeh~ypi~t~ny plani dntl ~[! Lo~K. nii~dOW xrKnt. sC~len dOOtt, vlneUan blmdS. Sto~m Shu1~Nt dntl awmngs. wh~[A
•~•~u~v rn~n~y hr~r.dle~ {~~ ~a~u t~~ ur 1~ utiavf in~t/~, ~n u~ un ie~d p~e~n~srs. even t~uugh t~ey b! Attathtd O~ detxhal~lt. a/e and Shall be d.: . J to 1~t lu W~es ~rx1 .fccessw~s
t.~ rhe I~rehu:d nnA a pa~t ~~t ~Ar ~edlty. end. ~f tAe ~twrt UtftrdK(} p~uplrty ~S noW Or flNl! At~l~Itl~ b! ulla) 10~ COTmt~[~a1 pu~pOSlS. IAlr. th! Iu~n~W~t a+W IwmShmqs rnd
~,. +epl,.irn~r~.~s ~he~rul wh~cn mey br u.Lr~Ni uy thr htu~ tynyo~ and wn~ch a~e no~v or may he~eatte~ Ae locatevl upon tAe atwve Wescnl,ecf A=W+e•~Y
1 O HA V E nND TO HOl D rnr s~mr. ~~,yrme~ w~m e4 Me esta~e, nyhe, t.tte. ~~caest, homesuaA, dowe~ and ~.gA~ 01 ~yyp,, ~dra~e es~a~e, poasess~on, cia~m arW
...n.a~d .tina~,.~r.rr, ~n ~..w o~ ~n e,~wty, ul ~Ae se~d tilu~tqoyo. ~n end ro ~he same. and evay pa~t the~eol, un~o ~ne sa~d Astocauon ~n 1K s~mple.
the f.ti,~~,+,~.~~ hr~rby curr~~ems wnn ~he Ass,x~a~~on ~ha~ ~Ae titoe~yayo, ~s ~nJefeas~Wyu~tldwrtA thlaLiolvtlandlKS+mple hUe~osa~dprope~ty. andAxfull yowe~,
~~ ! iowlui .,u~h:..~~Y iu sr~s, cumey, u.•nsler arHt mu~ iy.~yr ~he la+ne. tf~~t ~i sna~l be 4w1u1 a~ any ume he+eat~e. fa tAe Assoc~ai•on to peaceal~ly and yu~Nly ~n~e~ upon,
'.,.r h,~e~f .rnf r~yuy s,ad p~u~~r~~y. mwi rvr~y ~w.t thr~ruf. lha~ ~~d p~uyr~ ~y ~s i~rp a~nt d~stl~a~qed Irom all l~ens, enc~mb~ancei. eod tla+ms uf any k~nO, ~nclud~ng taaes and
,~...~v~,r~~tt. rur~n tAr I~ei~ hrirt~t, .~h~~h q.i t~yt hen un i.r~d p~~~ Iy. that Ih~ 7~40~tyeyu~ rrdl meke such furll~e~ ~)iwd~ltlS t0 pl~IKI Ih! ~!! S~mpl~ Utlt ~O Sd~d p~tKlt~ty
~~~~r t.x~n ~.,~:~w~ ..s m.,~ .r,,,~:n~bty IK ~C.yu~r~vt end th~~ inr Aiu, iy,iyo~ C:,es he~ef~y luuy wanan~ u~~o ~he Assoc~a~~un the f~tle to seHl prope.t~ and wJ! detend serrK
~ . ~.r~1t II~C tr~url~1,+*' ~I.~~rn1 .~n~7 ctrt~~a~l.l1 .~I ~Ii ()p~SUnS VY~~1N111a~rP~.
~~1;-9. THEHEF OHE ~nr ci,nd~n.,~~ ol ~Ms mur~yye ~s wch ~Aa~ d ~he Mur~y;~gor yhali wNi and uutv DdY unro rhe Assoc~atan. tA! ~ncleLteclneis
-:r,~~e~~ by ch.n .e~+,,,, p~orn~ss~,~y nu~r. o! e„en ~ate he~ew~tA, made Uy ~~e Mo~tcy~gor and par~~~e ~o the Assoaat~on, ~o t~e P~~M~pai wrn
~ STsYENTY-~TWO THOUSAND, NINB HUNDRED---------------------------------- OOLlARS
_ 7 2, 900 . 00 -. ~:..,e,h~~ ~,~-, m~e~rs~ as ~ne~e~n iiattcf, payaWe ove. a tam of 348 . ,,,o,,,h,. ,,,,, ,„,,,
, ~~:r.n. cu;npty r,~t~~ en;~ .~h~dr by rMh an;f e~~ery the ~nputehunt. .+y~re+neMi. condrt~uns and covenantt Co~tauttd aM} f!t loilA ~n tA~s mo~tgeyr.+nd m tfi~ p+Om.siory not!
.~..~en Ar~ri~~• tr~rn th~l mu• tya;~ en:t ~hp lst.~I@ ~rrphy Cegdted Slt.fll ttaS! an17 ~! null dnll v0~0.
TRANSFER Of TME pROPERTY, ASSUMPTtON
it e11 ur any p<,r~ ot the P~uW~ny u~ en ~n~erest ihn~eui ~s so1J o~ transte~red by Mortyagot withOUt Assotiat~On's p-io~ watlen cOnser.t, oacludinp ~~) tM
•~..~wn ut e I~.~n u~ rnwmb~en~p suburafinate to th~s Murtgege, (b) die creauon o/ a purchasa money securi~y interest tor housahold apphances, (c) a trsnder
:•~ drv~1e, d~s..rnt o. by UQCIdl1U~~ ot law upo~~ Ihe drath o! a~oint ~enant o- (d) [he prant of any Naiahold ~ntar~st of three years o~ I~ss r~ot conU~ninp an
,;,iwr; tu i,~~~._r,.~,.•, qswueUOn rnay, at Assx:~aaon's oV~~an, oecla~e all the sums securetl by this Mo-t9age to be immed~ately due and Dsyabl~. Association
.~ :,ii ~~n..~ .ti.+~v.,~f ,.,ct, opt~or~ to ec•xfrrate ~f, p~~or to ~he sale or transfer, Assoc~at~on and the person to whom ths Property is to be sold o~ t~ansl~ired r~ach
,.;~rrmrnt ,n ::n~~~~g met ihe ued~e of sucA person ~s sa~~sfaciory to Association and thst th~ inter~st payaD~e on the sums xwred by this Moriyspe shall be
r s.,..h .at.r ..ti slysuc:nuon ihd~~ request. It AssOtiat.on has wawetl ehe opUOn to accefe~a[e p~OViAed in this p0ray-aph and if Mortyagor's tuttest0~ ~n inte-est
. rrr: u~••.~ ., ~.v~~i~rn assumpuun ag~eernrr~~ accepted ~n wnUng by AssotiaUOn, Assoua.~On tAall relaase Morty~por trom a~l o~t~ystions unde- tAis MortysQe
. '~~f thr 1Vut.•.
It AsseH ~at~un ew~r~~y~s such opt~on to accaleratr, Assocut~on shall mdd Mortgagor noti[e ot accNerst~on. Su[h notice shall prOVide a pe~iod of not lesf tnan
'u ~~..ys trum i~,e dntr the not~ce ~s maiieA w;~th~n wh~ch Mor[gagor may pay the sums dectared due. 11 Mortgayor fails to paY sucA sums prio~ to the erpira
,~~. ot ,~~c~~ p.••~_~d, Asso~ia+~on rnay, wrthuut turthe- not~te o~ demand On Mo~tgagor, invoke any remedies perm~tted by paragraph t5 h~reof.
AkD mr Mu~tgayo~ ooes nereDy co~enant and ~pree
~ Tu ;~e~~ aii a~W s~nyu~a. tne p~~nuDSi sn0 ~ntenst ~nd other sums ol mooeY P+Yade by wrtue o1 s~W prom~ssory rwte and 1MS maipap~. or s~tMf. prompt~y on
tnr c~ars respea~.et~ ine same severa:h becom~ due
= 'u v~~ a~ a~~a s~ry„tar tne U.ss asssssments. otner ppvernmentai 1e•nes. i~sb~:a~ss o0bpstwns anO encumbrsnces of evsry nuuro on sa~d deunbsd propert~
T a~~a rt~r =e!a:ed aebr acQwd,i~on sscn nid swry wnen dus ~na payabls ~ccorA~np to law Defore tnsY become Cet~npuent and. d tM ssme shalt not Ds promptty
t~_ ~. o+ :~,•ri sne Assoua~w~ may at anY t~me. e~t~er befors or ~fier Csbnqusncy. DaY the s~me w~thoui wa~wnp or ~Necbnp the optwn to faeclos~. a s~y ~~y~t
J~ C~ ~~r~r„naer anv e~ery parment w mad~ sna1~ bsar ~nts~sst from tM d~ts tbsr~l ~t the ~ste of e~gnteen per cent 118%! per annum
_._ 3 'r:ac fr.e t!u~tgagor w~n k~D ail reit ind pe~soni! D~oPS~ty now p heresher sntumDersd py tAe Ibn ot tMi morip~pa ~nwrb ss may W requ~rW f~om ume ~o
~= ~ ~, ~~„ •~•r vti t+~r Assouat~on aga~~st bss by hre. wmdsto~m ~nd ot~e~ h~tards C~SW~Lef ~nd CO~tmptnUeS (Or Such penpdi ind fOr nOt Ittt tha~ futA~mp~nli ~5
` - ~~ •~e~ e;v rru~~~ed br t~e Assouauon and to psY promp:~v wh~n due ~u prem~ums Iw wch :,w~snce Mwtpapor apress to dehver r~newal or replscemens
;' - ~. M :~u:: ~.-; u! a~y natwe o~ ~eplazement cerUhutss o1 mw~an~s to [he AssOasUOn. at least teo I10! days prar to the e^D~~atwn w anmwrssry O~ts of the e~~s~mg
"'". -V~ t.~, :. xs i re am.ouMS o~ ms,,:ance requ~r~ Dy tne Assou~bon ~A~~~ pe m~n~mum amp~nts fa w~ich ss~d msu~ancs shali Oe wn~tsn snd ~1 shall De ~ncumbeM
~~~° ,•: chr 61or, a or to ma~nta~n such edd~t+onal msu~~nce ~s m~Y b~ necessar t~ m~et and compl full w~th ~It cp-mwrance r
~ ~ ::'~ y y Y Y Y pwremints conti~nW ~n ss~d
, ~; --a t•~~ ~rs m[ne en~ tnat sa~d MortpsQor ~s not s co-msu~or tnsreu~der Insur~nce sA~u Ge wr~tten Dy a compsny p comparws ~pprov~d w Ws~pnatW Dy tbe
~, •~ As~o_~ebun and a~~ poAues ~nd renewats thereaf shap be MW by the Assousuon Atl daudsd d~s~9nst~ons by the Mortpapw wtuch ~re accepted by the
r_ o as~u~.a[~on and aa agreements betwss~ MortQsQo~ u+a Assoc+siar~ r~~aUnp to ~nsur~nce, nrnn, sa~sUnp w hereaNer msde. shaN be ~o wr~unp snd snsll pe ~ p~rt
~ " y- ~.f tr:., mu~tyage agree~ent ss fuNy as fhouph y~t Iwth verWt~m Mre~n and sA~fi flovsm bpth p~rt~es Iror~to and tn~+r sucuasws snd assp~s No 6er- upon ~ny
~ = ~,~ se~d {w~~ues of ~ns~~anCE Or upOn ~ny reTunQ or raWm pr~mwm wtuth rnaY p~ p~Yad~ on 2Ae untell~uon or qrm~nat~on thsrspf, shall be y~ren io other than
~ ~ :~•r Asioaa~~on e^ce 1 b r e~MwssrrNOt aHuW to such
v Y D~~ pdity and approvsd Dy the Assoc~stan - E~cn pol+cy oi ~nsur~nce shsu hsw sNu~d cAento a
j Ssa~~da~d New ~ork IMtor~gapee C1~uss wdhout Comnbutan, mdurq sll Ivss a bsNS urWer wcA pW~ ptyabl~ to tM Ataouatan is ~ts intp~tt m~y sppe~~
i~~ ~~=r eveoc an sum o~ sums oi mor~ pecome psy~bte tMreunder, the AssouaUOn shatl haw tAs
~ ~- ,n. y Y optron to ~~csrve snd apply tAS sarn~ on sccount of the ~n•
drbtedness nero~y secured or ro psrm,t tAe Matpspur to r~~~ and use d. a any p~rt theqo(, wrthout tMr~b~ wamny or ~mpa~rmp arey eQudy. I~en a r~y-et
. Lj ~~,~r~ er~d by v~rtue ol [h~s mwtgsye In event of bss or pAys~c~1 damaqa to tM mortpspW property. the Mortp~por s~su prv~ ~mmed~u notKe tMr~o! py ms~l
!u me Assoaat~o.~ and the Assouauon may make Woof ~f bss ~I tM sam~ ~s not mad~ promptly by tht Mo~tpapor In wMt of /pr~cb~ur~ of tA~s mort9ay~. or
~- ~~ umr, transfer of t~lle to ths mortpspM Dropsrty. ~n ~aGnpu~ahm~nt of tM ~+W~Dt~dn~ss sscur~d MreQy. ~It npht. uiN and ~nt~r~st ol tM Mort~spw in and to
anr ~~~su~ance pobc~es ths~ ~n (ores shatl p~fs to th~ purth~Nr or Q~~nq~ TM Mortp~ya funMr ~qr~es to abds by tM ~ul~s ~nd ~i~sun9 rpu4tw~s oi ti+~
Assoc~anon ~n conn~ctron w~th ipwnd ~nsuqnce cov~rp~ of tM popsrty MrNn K~tumbe~W
~ Paragraph 1 s~d tAOSe wluch follpw u~ ConU~nW on tM rw~rs~ sd~ of ths matpp~ ~nd py r~f~.~ncy an ,n~o,pa~ud ~nto c-w body o! ttrs mortpay~
fAt terms Murt9ago~ and AssouahOn, whenever used in tA~t mstrument, tAsU ~nclude tAe Aars, pH~~l r~p~y~ntauv~s. suecef~ps pr ritgnf Of IAt retpett~ve ps~ues
^.er~to_ YJfie~e~er uied. ~h! S~n9ul~r qum~r fhyl ~nClud~ tA! D~ural ~nQ th! plur~l th! ~/1~dM. snd the use of ~nY y~~r sha11 ~nclude stl qenderf.
Ih W1TNE55 WHEREOF, ~h~se p:em~ses Aare been executed on th~ day and yq~ f~rs~ wr~tien. n
Syncd. sea~ed and del~vered ~n tAe p~esence ot ~
•
----- ~~ C\ -~ ~ ISEALI
--~--- - - ` ~~A~%t~G~/ C~- CCU~U~~-~-C_C~~sZ,C-~G~t, ISEAl1
A
~~ 'r RUTH ELLEN McCULZOUGH '
~ ~ , / ~ ~ry-~%.~ _
- ISEAL)
' ~ (
- ~ ~ .ISEAI)
STATE OF _. FLU,~IID~ _~__COUNTV OF
T~t Iweyn~rw7 ~nt~~~ment waf xknow~edqed bNwt me th~s
MATTNEW B, McCULLOUGH and
Mv commns.on e.q~et - -- ----
., •av c .~ - • : -• n^.o.10:~ PT LARGf
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ST . LUC I E j~J ~,~ -
26 ~Y o, November , i9 80 a, - ~%~ s~ ~:
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RUTH ,ELLEN ULLOU ~- h~isba ~
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