HomeMy WebLinkAbout0760f~f ~/ 2.3 3 C-834A pg ,
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THIS MORTGAGE INDENTURE ~
~.rw~K1 tA~t ,~ daY o) November . A.u.. ,9 VQ bll 5128~1 ~
PETTR C. SMITH and AVIT M. SMITH, husband and wife, 9
~,.,. ~r ot ~ne -~~s~ w~~ ~~~~~~ CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION ~~ .
a.~~~ W~dt~un e~~il~ny unc4~ ~~e laws ol ~ne Un~~~u S~e~es ol Ame~~ce. W~~Y ~~ ~-~e secunA pa~t IAe~e~na~~N cN~ed ~Ae AsiocN~~onl.
WITNESSETH, Tha~ fo~ d~~Hb y~.'n1 antl valuaGle ConsKlNdl~oni, and lu Slcu~e IAe WYmenl 01 Ih! aqy~eqel! tum O~ montY n~med ~n ~A! V~~m~sio~y nt+tr o1 evl~ V~1e
n~~rnn~h, nere~nal~er r.~eni~onK1. togetbe~ w~th ~nte~es~ ~he~eun and ail otAa si,ms o~ money secureo nereby as ne~emal~a D~~~~1, ~he Mo~~ysy~~ dots q~am. :,a~qa~n, uU,
~i~en, ~em~u. ~clease, convey and cunh~m un~o t~e Assoc~at~on, m fK t~mple. ~ne Io1low~ng desu~t~1 ~ea1 esute. ot wh~cA ~he Ma~qaqo~ ~~ ouw wuW and possetud ~rn1 ~n
,. ~,,,,1 pusteu~on, u~uate ~o ~he Coun~y ol St • LuC~e S~e~r o~ f ~o~n1a. ~e9a~~v deu~dxU
.,,~,~~~o~ Condomiaium Parcel No. 4172, of STsASCAPS I, a Condominium, according to
the Declaration of Condminiwn thereof, as recorded in Official Records Book 338,
at Page 1033, and-any amendments thereto, of the Public Records of St. Lucie
County, Florida.
SUBJSCT TO terms and conditions of above Declaratina of Condan inium and any amend-
ments thereto, and reservations, restrictions~and easements of record. ~
1 OGE TNER ~nan e1~ suuc~wn enU ~mp.oveme~ts now xn1 Ae~ealta oo sa~d land a~xf ~ne ~~Rw~es anacnevf thereto, also toqether wn~h au and s~ngulr~ Me tenements,
~~ r~.-;t~tan~tnts. eastrnenti. ~q~.f~~an nqhH arW a~Kw~ tenancei the~eunto Gelong~ng, or ~n any w~se appe~:a~n~oq, and tAe rema. ~ssues. aod p~oh~s fne~eot, arW siso a~l ~he rsiaie,
r,~ ~~ur. ~mr~ei~ ~nd au da~ms and ~~e~nands v~t~a~sueva, as wd~ ~n taw as .n ~yw~y, ol sa~d Mortgaga ~o And to IA! SdrM. dnd Bvdy pJ~l and pa~tN IA~rpol, an~f eiyu aii y~i
~.~ erec~nc h.~wes. ~s~Lrw~s, n:a~e~i, au corid~t~un~ny e:lwqnent, macRu~ry, boJl~s. ~anglS. N~va~ws and mo~urs, t~aM~utn, s~~ts, waro~ clutieFf, we~r bai~ns, p~txs.
+~. rK, end o~nr~ p~unu~~n~ and hratmy t~.w~es. m.uuela. ~e~~~yr~ai~~x~ pleo~ aod ~ce tKnes, wuWOw s~reens, u~een cfoo~s, venrf.an bl~ndt, storm shutten and emmnq~, wi~~ch
., ~„~,n, .~e nuy hrrret~e~ t~e~ta~n ~u u~ I~r usrd ~~~~h, m u~ un s.ud p~rm~ses. even though ~hey be ~kixhevt ur cle~achatde. a~e end shell t,e deemed ~u L'e h^~u~es •rn.f aursti~um
~:. •!~r fi~rhuld end e(n1~t O) IAC ~ldlty, dntl. d iAe JbOVf ch'1~~dKd Wopprly ~S now o~ shall Ae~ealtet (u uSNf tor commeruJ~ {w~{wYi. IAl~. tht lurndu~e en:1 fu~n~ihinqs end
~,~e~da~emrnt~ ~he~r:~l wh~c~ rn.~y t~e c~wnrd by Ihe A1u~ly.xy~f and wh~ch a~e now o. mey he~eat~e~ be luteted upun ~he at~vr dew~tw~f V~~t+~'~v
~ O NAV E AND TO NOl D~he s.um, ruyrthr~ w~rt~ e~~ ~he eitate. ~~4~~. ~~~~e, mte~rst, humesteed. do.ve~ and ~~qM ol dowe~, sepe~.+~e es~ate, posuns~c,n, ~~,~m anu
tr~n.~nal nvl~a~s+KVr~, ~n le.~ m~n r~~u~~y, ~it ~he ~a~t h1u~ ty,~p. in and to the some. .+n~ eve~y part tAeicul, unro the sa~d Assoc~et~on in IE! S~mpl!
1 hr A~u.~yw~~~ nr,el~y luvPn.Nlif ~1~Ih IhP ASYK~dI~WI U~dl ihe tiiu~~y,~>. n~n(1C~t.iSliliy ]!~tlV W~ih l~~! JLSUIut! dMI IK UTuI? ~~1~! tG Sd~d (NO(I@Ily and has luu pu.vr~.
,.~ :.nn,lul ,NpAui~ty tu irll, cuo.ey. uansfr~ a~wf murty.qe Ilrr s.vnt. thet ~t tA~tl bp lawlut at any hme he~ealter lo~ ~Ae Asioc~at~un ro placeoLly arxf ywetly ~ntt~ uVu~.
~~. r huld .~~u! rn~uy se~d P~~-ti~C~ly, en~t r•r~y p.rt thr~e+~t. Iha~ ae~d p~c~yr~ty n free and d~xna~qed hum a11 I~ens. encumbrances. en~f cla~rns ot .~ny \~nd ~n~i~~d4~y Ia~H arxl
..•.~„nK-n~s. e.~rp~ tAe I~rn Ar~n~l, r:A..h ~s ,~ fi~st hrn on u~d p~upr~ty. ihet the ~to~tye~o~ w~ll meke such 1w~hr~ assu~ances to pe~fect IAr ler s~nµilr t~tle to se~d p~upri ty
.~ ~•~r A~siX~.sL~~n es m,tY ~raaonalAy t~ ~e.~w~nf_ end thet IhC 111u~ty.tyu~ duCi hEreliy lully we~~anl ur~tU Iht ASSIx~:ft~Un tbe tnte to sa~dy~uyr~~~ and wdl i~tpnd s,~me
.~~•~s1 IhP nwllq.fyp ti.~i~ni and t~C~ne'l:ts ul .~U ~~~looi WnU+~11(~v@t. '
~~uW, THEnEFORE. ~he c.~nJ~t~~,n u~ :n~s mu~~ya9r ~s such ihe~ ~~ ~ne A1o~~yayu~ fhd~~ we:~ end ~.ul~ pay unro tne Asu.c~a~~un, tne ~~+dtbt~:nrit
.:v~ue~S LY tha~ ce~tem p~urn~uoW nute, ot e~e~ datr he~ew~fh, m,We [ry the Mo~tya9o~ anJ Uay.+Lle to tAe Atsuc~atwn, m the V~~M~VeI ium
•NIN$TY-NINS THOUSAND~ SIX HUNDRED-------------------------------------~'oi~aHs
~99 ,600 . 00 ~. ~,.~~he, ~,~~ ,~~e~~~ ~s ~h~,~,~ t,~~~. ~~dwe o„~, a~~.m ~f 348 mumhi, nn~1 Shal1
. ~~~m. conKd~ ,y~tA ~n.f nb.~lr hy r.kh en:f rvr~y t~e st~p~lehuns. r-a•ee~»ents. cond+t~oni and covene::'.~ t~~~t~med end S¢t 1w1~ m Ih~i mu~ty,w~t antl .n 1t~e ywm~ii~vy ~ute
. , r.t I~r~rby, ;hrn tl..t rt~brty.wj! ernt itw Pit.~lp ~P~rt~Y aratraf st~eli ~rnir end tie null an~t void.
TRAt~SFER OF THE P~iOPERTY, ASSVMPT~Oh
!~ all or anY part oT tne Proprrty o~ en ~nirrest the~r~n ~s toW or transfened by Mo~tyagor w~thout Astoc~at~on's prior wrn~en tonsent, eaclud~ng ia) the
~~~ ~t~un ot a I~r:i or rniwnb~ence sutiu~d~natr to thn Mwiyage, (P) the cr~anon ot a yurchace monev xcur~ty mterest for Aousehold appl~ances, (c) a transfer
,~frv~sr das~ rnt or by opr~et~un o1 law upen ihe drath ot a ~oYnt tenant or (tl) Ihe prant o1 any leasehold ~nterest o1 three years or less not conta~ning an
,..~~~ tu puri ~~dsr, AsSUUa4on ~ney. at Assoc~atwr:'s opliun, declare all thr sums secu~o:1 by thls Mortgage to t~e ~mrtietl~ately dur and pav~V~e_ Assoc~at~un
.+:~ nn...• ....~~~ed su:h optiun to e~cr~~~rair ~t, pnor to tl.e sale or ~~ansfe•, Associauon and the penon to whom fhe Property n to be sold or t~ansterred reach
.•.•rnrnt ~n ~~~ ~t~ny ti~at the cred~t ot such y.•rson is sat~sfac~ory to Assoc~auo~ and that t~e inte~est payablr on Me sums secured by Uus Mortyage shall be
..,: n~e~r .~, Aiso~~auun sheil request. t1 Assouahon nas waived ti~e opuon io accelera[e prov~drd m this parayraA~ antl ~f Mortgaqor's successor in ~nte~est
~., .•~.•~-utr:~ a.vr~ttrn asw~r~pt~on ay~renknt etcrptrd ~n writ~ng by Assocrat~on, Associa.~on snalt release Mortyayor from all obl~gat+ons undet th~; Mort9age
~ ~ ~r~~ Notf~. ~ '
;t qsw+:~at.uneaerc~srssuch oV~~~~~ ~~ acceia•~eie, Assoc.~at~on shatl mait tilo~tgagor noLCe Ot accelerat~o~. Such not~ce shall pruvide a per~od ot not lets than
k~ ~f.,ys fr.~m thr Jatr. Ihe not~~e ~t rnei~rd w~ih~n a,h~ch Mor[gegor maY ~ay the tums declared Aue. H Mortgayor fads to pay wM sumi D~~or to tAe expua
~ .~ if such ~~rwd, Assoc~atwn maV. w~tho~t tu~ther riot~ce or demand on Mortgagor, mvoke a~Y ~g~tlies perm~tted by pa~ayraph 15 hereof.
AND the Mo~tyayor doss nere~Y ~ov~nsnt and apree
1 To pav a~t and smgu~ar the pr~naWl ~nd mtsrost ~ntl o[ner sums o1 moneY P~W~ by wrtu! of si~d DroR~~isory nOt! arW thq mort9ip8 or B~ihlr prOmptlY O~
t'~e Qays reipectwely tne same SCVer~lly b~tome due
~? ~u pa; a~~ a~d s~ngu~a~ tne ~a^es suessmsnts. o~Mr porsmmenest renes habd~t,es. obbyst~ons ana encumb~ances of every nature on saed descnosd poperty
e~~a tne re~ated de~t acqu~s~t~on sacn and ~vsrY wAS~ dus ~nd payaWa scco~d~np co Isw OOtae theY Gecom! Ce~~nque~t and i~ IAe sime shall npt be promptty
t~a~d fne Assouat~on may at sny t~me s~tne~ beforo o~ a~tsr de~.nq~encY pey tt~e same w~thoui wa~v~ng or a~fecuny the opt~on to ~weUOSe oi a~Y r~gnt
~ c ~ hrre~niler dr~d lrery Daymsni So m~de ih~il W~r mterpit from tne d~te tnsreot at tne rate of e+ylrteen ~~er cent IlBs;j yer annum
- ^~ 3 lnac !ne Mo~tyayo~ wc~~ ~esp a~l rss~ and personal p~operty nov~ W ~erNtter encumDerad Dy tfx Len oi t~~s mort~ape ~nswsd as maY be reQwr~d Irom Ume tu
-- 1~~"r by the AS~OGdDOn dga~nSt IOSS Oy hre w~nostorm a~+tl otnar natards C~SW~t~eS ind COnt~npenC~ES for S~[~ plnpds ind fM nOt IBSS ttwn s~Gh ~mounlS ai
~_ o a •~~a~ br ~ry.,~red Gr tne Azsoc~at~o~ a~d to paY D~^~U~W w~en Cu! i~~ D~emium5 (0~ sucn ~nsur~nce Moriyago~ sprees to de~~ver renewst or ~epUcement
~ c.~,~ c•es ut anr nature ar rep:acement csrtficstes ol ~nsc•enc~ to tRe Assouat~on at ~esst ien ~ 10! davs D~~or to the eap~rat~un or ann~vsrssry dste of the e^~sung
Nf
- '= r~1 pu'~~~,~es T~e amount5 01 ~nSuranct reqwrsA by th! AsSOC~~GOn 5~~~~ b! m,n+mum imOUnIS ~Or ryh:C~ Sa~d msur~nce shsu tx wnt[en snd 4 Shii~ bE ~r.cumDent
~ ,' ';., ~;Krn the Mortyeyot to ma~nta~n such addd~onil ~nsw~~ce !s m~y Ds necessary to meet sr,d comply fuily wdh a~l to ~nwrance rpuuements contuned ~n sa~d
~ ~ q iw,.c~es ~o me e~d tnat sa~d Monpspor ~s not ~ co ~nsuror tbersu~+der insu~ance shat~ be wr~tten by a compsny or compan~es spp~orsd or des~pnstsd by the
' " U~. A»o..~sLOn and ai~ po~~ues and nnawals tM~eot snatl De MW by the AffoC~~tWn Au 6ets~ied des~gnstw~s by the Mortyapor whec~ sre ~~cepted by the
' ~~ Ass~x~ai~on and a~i ag~eemsnts between Matpspor ~nd Assoust~on re~aunp to msur~nce now s^~suny or nereafter made. snau be ~n wnuny and sns~l be s part
-' '~ ~ n~ ~n:s mortgage ag~eement ss fufh at thoupA set forth verWUm herem a~d shsli poveen Dot~ parbes hereto and t~eu sutcessors and sss~fl~s No ~~en upo~ anv
') ~~ c' sa~d W~K~es of ~nsurance or upon sny niuna o< <etum premwm rvMCA may pe pi~sDle on lAe untelisbo~ or tt~m~nat~ the~eof shati be ~~en to o~ner tnan
`~~ o t thr Assoaatax~ euept bY proper ~ndors~m~ni afha~d to such pot~ty snd ~pprove0 by tAe Assotuuon Esch pol~cy ot ~nwrance shall Asve sfhaed thereto a
~ ~~'~ 3 q StanAard New Yak Matgayee C4us~ wrthout ComnDutwn. mak~np s~i bss a bsses undsr such po1Ky psWbi~ ro tne Assouauon ss ds mUrest msy sppear
~ ~ ~ ~~ f~ event anr sum o~ sums of mo~sY Decome p~yable t~ereunde+ the ASfoC~itwn tAiil Mv! tAe Optwn to ~ste~va ~nd ~pp1Y [he firtM On itcounl OI th! ~n
~ Q ~ V1 debtedness ~e~eby secu~ed or to perm~t tAe Mwtpapor to ~Ke~v~ ~nd ute rt or snY part tAe~aof wrthout tnereby ws~v~np o+ ~mpau~np sny ep~~ty. I~en or rr9h1
„nrfer a~d by v~rtue o1 tnis mo~tgage tn event of Iou o~ pAyacal dsmaps to tAe mortyapsd Groperty fne Mortysyw shau p~ve ~mm~dute rwt~ce tnereol by mad
~ 0 to me Assoc~acwn snd the Assouat~on maY make proof of bss ~~ the same ~s not made prompNy by the Mortpapw In ~rent ot fa.~cbsuro ol th~s mortpage. or
_ otr.er LrdnS~Q~ O} btl! IO I1M rnortp~yed prop~rtY. ~n ~aunpu~ment ol ths ~~WeDtsdn~u secursd nareby su nyht. tdle snd ~nterost of the Mo~tpayor ~n and to
~~ any ~nwra~ce twi~aes thsn ~n tace shs11 pass to tM purcA~sa o~ pnntee TAe Mortp~yor lurtne~ sp~ees to sD~de by tne ru~es snd e^~suny repuut~ons ol the
AssoaaUOn m connecUOn w~tA rpwr~d mwr~nce covsr~pa o1 tAe ptopetty Mr~m e~+tumDersd
4 Parag~sph 1 and thoss wn~cA follow ar~ co~ta~nW on tM nr~rN sds o~ th~s rtwrtp~p~ ~~d by r~1~r~np sn ~~corpwaad ~nto tM DodY oi tMS mortyap~
The terms Nb~~9agor and Assocut~on, whenever uttd ~n th~s ~nst~umtM, sh~ll ~nClude tlk h~us, personsl r~praenut~vtf, fuccltfOrs M afwpns ol tht rfspettrv! psrt~tf
ne,ern. Whereve~ used. the s~rgular n~mber sAall mclud! tAt piu~sl and ~he p~ural tAe t~nqu~a~. and tl~e use of anY qend~r sha11 .nctude alt yendtrs.
iN WITNESS WMEfiEOF, th~st prem~tes hart Deeo e~ecutM on the day arW yea+ 6rst aAove vruten. ~, .- .• r
S~gned. ses~etl and dN~vereo ~~ Nt P~~Me of •.~ - ~
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-''~ • - PET 1 SM ' ~ ~ _ ~ .
~'L;' ~~-,_,;,~t_ l ). ~~ ' fy / G~j"7 LC L` 't ~ ~ ' ISEALI
~ ~~- ~ Av ~. SMIT~% ;~,'~~; . ~ ~ ;
~ ~•'• {-~ '} ~ ISEAII
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.• ~`~-` ~` ~ ISEALI
sT4TE oF -_ ~RIDA _____couNTr oF ST. LUCIE
T~e ~o.ego~~g ~nflrument was sck~owfedged belwe me lA~f ~~ ~ dsy ot NO~~~ . 19~ bY
PETER C. SMITH and AVIE SMITH, husband and wife,
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Mr ~o..~m,s•~o„ e,w•e. -~ 1_L=f- --:y_ L~~.~ --
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Nou.r PuWK, Su~e o1 F'I.ORIDA '
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