HomeMy WebLinkAbout0817~ ~~/ ~~~ ~ C-875A Pg
58788-2
~ THIS MORTGAGE,XNDEt~T~1RE S12~s,7 /
E.~~~~.~ ~h,~ 29 ,,aY ~,~ December . A.~>. ~9 80.-,y 1~
ROBERT F. MADDOCKS and JOSEPHINTs C. ~JtADDOCKS, husband and wife,
i~, ~~ ul tne t~~tt µ~~t (hr~r~nal~e~ ceHr.ll.iu~~yayu~l. to
C~IASE FEDERAL SAVINGS AND LOAN ASSOCIATION
..,,,µ,~..aun e.~suny u~Nfe~ ~~~e ~ans ol ~~e Un~ted S~a~te nl Ameuca. ya~ty ul thr secund ~w~ (hr~r~n+l~p called ~Ae Assouauunl.
W17NESSFi/1. That fw dnri< <JUINI dIN~ VJ~UJI~~! CUf1l~l~!'~d~~U/1S, A~11I 1U secu~e IAt {iayment ut IAe a9y~rye~! w~n o1 rtwnty n~meal ~a ~h! W~~~sfu~Y nutr o~ rvrn date
nr,,•.r~~h, herr~nof~e~ ~nrMiun!(1, IOyC~Ar~ .v~~h ~n~r~rst ~ne~ron and au oihe~ wm~ ol muney setu~e+1 he~lby ai n~i@~~a~lt~ D~~~VM. ~~~t Mo~~y.r)u~ doet y~an~. l,uye~~. x~l.
.+~~rn, ~em~se, ~tleau, tunvty end con~s~m unto tne Aswaa~~on. ~o IK umy~l, th! ~ulluw~ng Afsuditd ~ea1 es~a~e, ol aA~ch ~he Mo~~qa~p~ ~s nuw se~eed arnf {x~suase~l ernl ~n
,. ;,,.J pussrts~w~, s~~~.Nr m lhe l:iwnty ul S b• LuCiiQ S~o~r ul f lu~~da, Ityally drxnlmA
,~~„~~.~~Condominium Parcel No. 7421, of CATA~dARAN II, a Condominium, according to
t~~e Declaration of Condominium thereof, as recorded in Official Records Book 334,
:~t Pnge 2451, and any amendments thereto, of the Public Records of St. Lucie County,
~~lorida.
SC~GJECT TO terms and conditions of above Declaration of Condominium and any amend-
n~e~lts thereto, and restrictions, reservations and easements of record.
TUGETHE~~ .•:~}~~ ~~~ +trui~wes ~nA ~my~uvements nuw an~l he~eal~~. cx~ sa~d larnf and ~he ~~aw~es a~tached ihe~e~o, also foge~Ae~ w~th au aMi ~~ngu~e~ ~he ~r~e~nr~~~s.
,.~ fna~nrms. r~x~.~rnts. ~~~wuen nqh~t eruf e~ww~enonces U~neunto l.eloeq~ny, o~ m any w~se ap~~a~mng, and Ihe ~eMS. ~ssuet. and p~ul~ts the.eol, and atu~ atl tf.e ettatr,
,. :r~ ~ ~~t!r. ~n~r~rst ..n.l .d~ : i.~.m: and ~Irinandt ~nhatsurve~, as :vell m la~~ ai m e~iu~~y, of yud Mo~tyayo~ m and 1o Ihe tarne. a~d eve~Y Odrt enA pauN IArrMf, an~t altn aH y~s
, e•IC~ Ir~t t~,!u•rs. ~.w1~.~~:~~s. ~retr~s, .,~r ~ i~n~l~l.~~~~i~ l ~u~jwMni, 1ndCf1~~1lrY. IW~IlIS. tJ~MJlS. l~rvdlO~i 3fIfI TOIUiS. IUIhiUIK, 1~~1~tS. Wditl CiuillS. Wdltr ~i,K~f~t. p~{1tS.
• . ~'tti. .~~1.1 flll~l•r (~I~~If~l~~/~y .~tl•} ItCJt~~~~.y Ii~turlK Ill.f~11~}S. tC~riya'iJl~~h) (Il.lfli d'H~ ~CP ~M)~K. YY~I~1~UVb x1~(1S. SCI~Qf11~0015. Vtf~elldl~ ~1~1(1[}S. SIUrT /~1UIIN1 Onl~.1Wl1~11~~t, iAh~l~~
~. ~.~.r ~n ~uey hr~re~te~ {a•.lain tu .~~ l~r usr.f w~h, m.~~ .~n ~.ud P~rm~tre. evrn ~huu4~~ 1Dry tie drt.al~Pd or drteih~L•k. o~r a~id shdll t~C dernird tu li¢ futu~r~ ~nd nu ri+~.•m
.•~~r IirrAuld ..nd e W~1 ul IhP rralty. and. ~i tl~r etx~~r clrx~~~l,w1 y~upr~~y ~S npVy Or lhd~i ~e~laltN ~~C utlW Ip~ ~omrne~C~al pW.{~USti. 1hC~. IhC lu~n~lurr enJ Tu~mSl~~ny~.~~al
.,~rp{.krn+r~its tAC~r~~1 wh~ch n~ey IM• u~~ur~l t~y ihvllurlWyue ~rKl ,vnn~~ are ~ow ur mev he~ratte~ br It.cettvf u~wn ~he al,ovr dex~d.evt p~uyrrty
ri) HaVC APJU I/~ HOlO ~hr ~.~~~r. ~.,ve~nr~ w~cn au ~ne es~a~e. ~~yhl. t~~lr. ~ntr~est. hu~nes~es~f. d~.rr~ and ~.qh~ ul dowe~, xN..roiees~aie.pustirsa.u~,..+.,~mm~~t
~. ~.,~nd ~~he1l•~r~~•e in lew ~~~ m ru;uty. u1 ~hr w.~d Mwtqayu~ ~n a~uf lo Ihe t,~ne. .fnd'evt'V Pa~l tAe~tuf, un~o Iht s.ud Asuxul~un ~0 1~ SnnVl!
7 he htu• t~~.n~u. I~p~rlry ~ uvrnam+ .v~~h the Assu~~el~un tl~e~ th~ f1lu~ty.iyo. .t ~niklres~biy snlevl w~tA tAB alndute and IK su*4ilr hlle tu sa~d p~uyrity. end ~es t~ll pur.r~,
.~ ~ ~.utilu! aulh.uAy ~u Srll, ~~.~n.ry. t~.+nftr~ _uNl mu~~q.u~r tAr S.~rnr tf~et ~t Sl~all 1~ I,fn,l~l at ,My hmt he~ealter tur the Assoc~.+t~un ~o peaceai,ly end qu~etly entr~ uVUn,
•,.~ h.r.,t ..n~t rnp~y s.+~~t i+~~~{.~•:ly. a~vl r.~r.~• p~~~ thr~r+.1. tl~~t s..~:f p~u~n•~ty IS fl~' AtNI1~111hJ1yYiI ~tUtO diI ItPlll.-11(UfT1~11dnCK. dn~I l IJ~1!IS Pt eny -iud. ~nclud~ny i.frls erxl
..,~~~r~,» r.~rt,~ ~nr ~~r~, f~r~rut, .•.h~. h~s .~ I~n~ hrn un amd y~u~m~ty. ~hat ~hr ~.tu~~yyu~ w~t~ n~a-e euc~ tu~~hr~ .+sw~onces ~u ~x~trct tne ter tuny~r ~~~le eu sa~d p,~~pe~ty
• qlyy ~.~!•~.n .~s m.~y ee•.~~:~:~el.~y ir~• ~r:~w~ed end Ih.~t ih~ l11n•ty.l~)u~ JuCi f~Errby (ully :aJ~~eM Wltu !h~ ASXx ~eh~~n IAP ~~tle iU W~d p~0(IX~tr dnd ~ti~~l urtrnd seme
~ ~ ~~.t Il~r nr.,; ~.~e,p. ~ iauni .~nd ~irin..n,1s ;d dU yres~~na ~bur.ti~eve~.
,:~W_ THENEF(~HE. ~~~r ~~~i~~i~t~~n nf ih~s mu~tysyr ~~ such tnei ~~ tnr tiTu~iy.y~+* she~~ we^ anA vu~y pav unto ~he Atiux~at~un, rt~e ~ndebta~nrs~
.,.•ice-~7 I~Y !rat :r:te~n p~~.~nniti~•r~ nutr. t~i e~Pn Adte hr~rw~tA. m.xfe by Ih~ i~orly.lW~r dnd pJYalAr to lr1C Ari~H~.~~~un, m 1hP yr~M~{wt ti.m
• SIXTY-SIX THOUSAND, EIGHT HUNDRED------------------------------------~'O11p"s
: 66, 800 . 00 ~. ~,..~,hr, w,~n ~n~e~rs~ es ~hr~r~n sta~rcl. pev.~b~e ovr d~e,m ~} 348 mumhs. and st~a~~
, • rm. t~~:n+~~y .ti~t~ en~! .rb~Jr ley reih ~nd r~wy thr itqi..~.et~uni e~~•rrmeMS. cond~~~um a~~d unrrnoMt cunt.unet7 ~m! irt lorih ~n t~~s mw1G.+yr ,~rn1 m 1hp y~U~n~iS~~ry nb1C
. ..~~t hrret.y, ~r;en ~h.ti rn~.r.!.:.r~r en;i ~h~~ ps6Rr hr~rhy c~ratr~f shell cratr end (~r null end vo~d
'fRANSFER OF 7HE PROPERTV, ASSUMPT~ON
~ f n11 ur e„y ~,mt uf tha P~upr~ly or en ~nte~est ll~r~r~n is tuid ur transferrrd by MottyagOr w~tnoul Astoc~at~on's pno~ wntten consen~, eactuV~ng (a) the
~. ,;~„n of .+ln•n ur ••n.~~n~b~enu• sul~~~uu~ete to this Mu~lyagr, (te) thr c~ratiun ot a purchatr money secw~ty ~nte~nst for household appl~ances, Ic) a t~a~ster
.,~f.~:~u~, ~er..rn~ ur !~y uVrfd11U1~ ot la.ti upon the clrath of e ~oint trnant or ld) the 4rant oi any Irateho~d interest ot three yean or less not conta~~~r.g a~
,„~~~ ~u p,u~r•.,s.•, Assu;.wtwn may, at A»oa.~nt~un"s opi~un, de~larr all the sums aecured Ly thls Murtyaqe to be unmed~ntety due anJ payabte. Assouation
~~'~ ~~n.r .ti~.u~~~d w~~~~ ~>VUOn tc nccrteratr J, pr~o~ to the salr u~ uanste~_ Asaociauon and the person to whon. ihe Property ~i to Ae sO~d or translerr¢d reach
, .•~.~rnt ni ~.:~~Uny thnt thr crrd~t ui s~:ih ~x•non ro sat~titactory to Associat~on and that tne mterrst payable on the sunn srcweA by thn Mortgage Sha~i br
•,, h.:~~e .~s As;n~.~a2~~n~ +hali .e~~:•rst. It Ass.>uef~nn n~c wawed thc out~on to acceterate provicfrd in Ihis paragraph and d MorlgAgor's successor m~nteresf
~.. . ut.r.i ,~ ~,:nttrr~ .~ssun+~~tiun ey~rr:~n•nt aciepird ~~~ wnUng by Assor.~aLOn, Assot~a.wn shail release Mortgagor from ail obl~gatwns under th~s Mortgage
, ; ~ne`A:i.tr.
f: isu~ ~.+~~~ ~~~ ~• a.~~~.~x•s su 1~ opt~un tu ~ci rla•~nte, Aac.~at~on shall rt:ail Mortgago~ nohce o1 accele~aUOn. $uch not~ce shail proviAr a pe~~od ot not Iess than
~ ~ys I~un~ n+.~ ^at.• shr ri.t~~.• ~s n~~a~s,•i1 ~ti~Unn .tih~N~ Mortg~qor rnaV pay the sums declareO Aue. 11 Mo~tgagor fails to pay such sums pr~or to the e~pua
.:f 1u~ e• ~~.•~~u~f. A~s,~. ~ahun m.iy, ~vithovt furthe~ notice or drmand on Alortgaqor, ~nvoke any remedies perm~tteA by paragraph 15 ne~eof.
A*.U tn« hlurtgay~x ac:es r,ereby covenant and ap~ee
~ u va~ e~• a•~d vnyu~ar the D*~^~~Dai anO ~nts~est s~tl otner wms o~ moneY DaysDle by vutue o~ sa~d p~w*~~ssory rwte and th~s mo~tgage or erthe~ p~omptiy on
t~~•• JaYS +aspectnelY tne sa~*~C sBVErally bpCOm! tlue
~: :~e, a~ e~d vn~u!ar t~e ta+es assessmems otM+ poremmenta~ ~ev~es LaDdrt~es oD~~p~t~ons and encumbrances o~ every n~tur@ on ss~d tllSCnD6d propettY
,, ,~;+-e rr:e;r~i de62 acyu~s~uon eacn end e~ery when due a~d paYabte accord~n9 to 4w befare they become deh~Wuent and ~f ths ssme sna~~ rtol bs D~omp~ry
.,~ : ~!~r Assu~ ~a~~un ma7 at an~ ume e~ther Deto~e or a~te: de~~~qusnty psy the ssmrw~sha~t wrv~ng or sltech~g Ihe opt~on to foredose or anY r~gAt
.. <,~•,~r.~ a~~d e.~err ua~~*~e~t so made s~~~~ DlBr mtsrest ~rom the Oate thereot ac the ~ate ot e~ghteen ~.e~ renl 1 t8~:~ (xrr ar•num
.~ r„• ~cr 1,~t~~.iyegw .v:ii :erp a~i rea: and pe~sonet p~ope~t~ now o~ nenatter e~tumDereA Dy tAe uen of tR~s mc~rtyage ~nwred as may be reQu~red from D:*~e to
, . b, t^~ Acs >>.•ar~~~~ aya~~st loss by hre w~~dstwm an4 ori:er nararOS caswiues s~d cenunpenc~es tor s~ch penods and fa not tess tnan wcn am~ur,ts as
., u.• ..-,;,, re,1 tr, t~~e Aswc~at:on a~d to DaY D~omp:iy wnsn Cue s~~ p~em~ums fa sucn ~nsur~nce Mortgagor ~yrees to de~~ver renewa~ or repiaceme~t
. .•, c~' er,ti "3L.YP 4~ ~ep~acement cert~bcstes o~ ~nsu~ance to the Assouat~on at least te~ 11 Oi days W~or to tf~e e^p~rauon or anmve~sary date ot ihe e^~se~ng
, r, t ~~C e~~~o,r~ts ut :~s:.ra~~ce reqwred by t~e AssoaaDU++ sh~~~ pe mFn~mum amoums ~a wh~cA sa~d ~nsu•inc! Shall D~ wntten And ~t sha~l ~e ~ncumbent
,.• ir„• h1;r.~yayu tu ^~a~~ua~n wch a~]~t.o~a~ ~nw~~nce as msY be ~ecessary to meet aMf compy fu~ly wah ail co ~.^.surance rspwrements conta~ned m sa~d
~r> t... n~e r•~:2 tnat sa~d Mortpapor ~S ~OI 7 co ~nsuror tnereu~der InSUri~CE shiN De wnlten py a companY or com.pames apWOVed 9r ~p~qn~tfd Dy :h!
. .;..ec:u~~ a•~d a~~ w:~ues a~jd renewals tMryof sne11 De AeM by tne Assoust~on Au Aetsded despnstwns by the Mortgapa wA~ch are sccePt~ ny tne
,.,~.~arc:~~ n•~d an ag~ee~nen~s Decween Mo~t9spor and Assocutro~ ~s~~t~nQ te msw~nce now e~+suny or nereeher m~d~ ihall be ~n wnunp a~M shau be a w~t
~. ^ s murtyaye ayree~~ent as lully as thOUyA S!t lortn rerDiLm here~n ~nd ihau Qover~ DotA pirUe3 hlrelo ind then suttesSws sn~ ass~pns No I~en up0~ any
.'~a~~ Vu~~ues uf ~nsu+dnce or upOn anY refund Or reW~n prlmwm wA~CD m~y b! p~yiWa On tA! C~~CCN~[~on Or te~mmaboo tAlteol. ihall be ynen t0 othl~ t~an
r~• ~~wuaiw~+ e,cept ~y proper sndorsement ~N~asO to sucn pol~cv +~d aDwoved oy tbe Asu_+~~ata~ Exh pohcr of mwra~e s.~aU have afb^ed tnereto a
5~e~ aard New ~ort Mortgagee C~auss wuhouf Coov~Dutron m~ku~y ~II bSf Ot bilff undl+ tutli pW~tY DaY~~ ~O th! AStOt~ation ~S ~tt intereSt miy ~pplat
~ ~•~r eve~t any su~*: o~ SumS o1 mOr~By beCOme piY~a! tAe~eu~Mlr the Assoust~on shsu Mve tne opuon to r~ce~va and app~y tne sams on accoum ol the ~~
t.•beril•~ess nrreoy secured. or to pe~m~t [Ae Mortpapor to rece~ve and use ~t a sny psrt thaeol w~thout tnereDV w~~~~~9 or ~mps~nnq sny epwty I~en a~~9ht
,;~•nr~ and Dr v~*tue o} th~s m~xtgaye In ~rem of Ioss o~ phys~ca~ O~mspe to tne mort~qd prope~tY. tne MortQagw slwu prve ~mmed~ste not~ce thersol by mad
r,~ ~~,e Asw~wUUn dr.d ~he ASSOC~et~on tr.~y m~k! proOf ol bii d lA! f~me ~S nOt mad! pOmpt~y by th! MO~Igsya ~n eve~t of lo~scbsure o1 tb~s mortpage w
.~mv~ trons~er o~ t~tle w tne mortpapsd propert~. m~atuiywsAm~nt o1 lh! uWeDt~dMSS sstured hlrtby. sll npM trtb a~d inter~st oi tM Mor[payOr ~n snd to
e~~, ••~su~ance ~ihues then m fwcs shslt psss eo tM purcMSN w Q~~~tee TM Mortpapa iwtne~ ap~ess to abde Dy tM rules and ex~sUn9 rspu~st~ons o1 the
Atiw~ancm ~n con~ett~on wrth rpwrsd msur~nce [ovsrapa ot tM pop~~ty M~~m sntumWred
4 Pa~ag~spn ~ s~d ehose wnKn fWbw sn eanta+»d a+ iM rw~ra~ sd~ d th~s matpaps and by nl~r~ne~ sr~ ~rxorporat~d ~nto tM body of tlws maty~p~
Tne te~ms Me~tgagor and Assoc~ae~on, whcnever used ~n thn ~nsfrument, sAa11 ~nclude ~he htus, per~onal r~p«sema~.v~s, wcceuo.s w nsg~s of ~ne r~spec~we ps~t~tf
~•~~„_ Wne~eve~ usM. tAe s~~guls~ numGer sha11 ~ncl,;de the p~u.s~ anA ~he O~ural fhe urquls~. snd tAe utie ol anY qender sAall u~cl~de all gende~s
~N WITNESS W~~EREOf, these prem~ses have betn e~ecuted o~ the day and yNr hrst sbov~ w~~tten.
S:gncd. sea~eA anQANrvrrrf ~n the p~eunct ot ~ ------ ~~L~~. . I~~~~~w ~ / -
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;inTEOF_ _TLOR~IDA____________COUNTVOF ST. LUCIE
Tne toreqo~rq ,~.~,,,~„~„~ wa~ xk~~~e~a n~~a~ ~~h.._29__ a„~ or _December
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ROBERT F. btADDOCKS and JOSEPHINE C. bi OCKS, husb d nd ';,~ i;~; ,, '•
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~ My com~n~ss~on e^p~.es NQTdRY-Di:?{1e cr.se at•~.•-r~~-aTi7txGT ~ + • D~
MV :c ~ ORIDA -~`- I'''I ;,.
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