HomeMy WebLinkAbout1865'v.f/' l`` 9 G C~ry g2425Aa Pg
u',~THIS MORTGAGE INDENTURE ~ ~ 4'
E.K~~w ~n~. 19 o•v oi November . n.o.. ~9 8~ ar 5, ~~432
ALBSRT C. CORNISH, JR. and PEGGY D. CORNISH, husband and wife
pa~ty ol the I~ist pa~t (he~e' CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION ~~ 3,85
a cu~po~a~~on ex~s~~n9 unde~ ~Ae laws ol ~ne Un~~~d S~a~es ol Ame~Ka. W~ ~y ol ~he seco~d pa~t IAe~e~rWt~e. ca11~d tM Aisous~anl.
WITNESSETH, 7~a~ lo~ d~vas guod and vs~uaWe con~~dt~suont, snd to secure tAt payment ot IAe agyr~t~ wm of mwity nankd ~n ~ne p~om~sw~~ no~e ot e~ren dau
~e~ew+~h, Aere~~af~e~ menuoned. ~oge~nc~ w•~n ~nt~~es~ ~he~eon and slt o~Ae. wms ol mon~y ttcu~ed ht~eby at 1+e~e~na11N p~w~ded. ~Ae Mwt9ago~ do~s qam, b~~qam, tt11,
at~en, ~~m~u. ~e-easl, conwy and conl~~m unto tAe Aswc~at.on, ~n 1~ t~mp4. ~ne fo~low~nq descr~bed ~es~ esuts. 01 whKh ~Ae Ma~y~go~ ~~ now titued ~nd pofticstied and ~n
x~ua1 posseas~on, s~tuate m ~Ae Coumy ot St . Lueie . s~~~~ o~ F~~.~,. ~~~~„ ~..~
a=~~~~~ Condomiaium Parcel No. 7331, of CATAYARAN II, a Condominium, accordiag to
the Dec?aration of Condominiwn thereof, as recorded in Official Records Book 334,
at Page 2451, 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 restrictions,reservations and easements of record.
7pGETHER w~th all suuctures anA ~mprovcmen~s now and Ar~eal~~r on sa~d 4od xxt the hatwes attxAed U~e~o. also ~oqetAe. w.~A all and urgular ~he tenemen~s.
rrr~eA~tamc~ts. eaumeMf. ~~pa~~an ~~ghis and ippu~tlnantK IhHluntO 6NOng~ng. w ~n ~ny w~S! applrta~n~ng. ~nd tA~ renls. ~SSUts. and P~of~tt tAalOt, ~nd alip all the eitate.
~~.j~~t, ~~tlr. ~~te~est arNf all cla~mi anil efrmands wha~soeve., as well ~n Isw as ~n equ~ty, ol sa~d Mo.tgaga ~n and to the sme. and eve~Y Pu~ ~ WrcN ~I+er~ol, and a~so a~i ges
.~r,~i elec~~~c t~^~wes, raef~aiors, heate~s, au corvl.~~on~rg eqwprneo~, mxh~nery, po~lNS, ~anges, Newton and moto.s, ba~ntutn, s~nts,-wata closets, wate~ Aas~ns. p~pes.
~..~.~i ets, and uthe~ p~umbiog enJ heat:~~y h^tu~es, mrbtels, re~~gnat~rg plans aed ~ce Waes, w~ndow acrKns, u~ee~ doon, venetwn bL~ds, stwm shuttas arW awn~nqc, w~~c~
+.• nuw o~ may he~talte~ per~mo tu o+ ix usc~1 w~th, m w un uH1 qlm~ses, lven though ~Aey !~! dttache0 0~ dt~xAabl~, me and sMll Ue d.. ..] ~o de fiw~wes.nil xcrss+o~s
u~ ~he ~~tehWd dnd a µf.t ol IAe ~ealty. and. d IAe atwve dexnbed property a now o~ shaU Ac.eaftr be usnl for comme~ua~ pu~poses, theo tMe furnnwe ~rnf fu.msn~ngs enA
::~y ~eylacemen~s ~Ae~eu~ wh~tl+ may [~ owt~cv] by tf~e Mu~tgago~ uwf wh~ch sre now or may he~eafle~ tie ~acated ~yon ~ne above deu~~txrf p~qx.~~
t0 HAVE AND TO HOLC ~ne same, e.ige~he~ wnh atl tne est~te .~ynt, u~1e, mu~est, AomesteeU, do.va arw .~gh~ ol do,~v, sepa~ateesuu,posses;.un.clmm~nd
~r~„arKl wha~we~rr.. m law o~,~n e.N•~W, u~ ~he waf Mo~ ~yaqo~ m ancl to tAb sarne. a~d every pr~ ~Ae.eol. unto the sa~d Assocw~~on ~n tK s.mple
T-~ Mw~yayu~ Ae~eby covrn.u~tti w~iA ihe Auoc~a~~on ~hat tAe Matgaqo. is ~nefeleasd~ly se~ied w~th ~ne absolute and tee surwk uik so sa~a v~uoe~~r. and na~ ~ui~ p~,tic..
..n f iewtul au~huuiy to sell, cumrev. s~.inste~ and moi~yage ~he wme tha~ ~~ shall be I~wful at any ame haeafter fd ~be Aswt.ahun to pexeaWy snd yu~tU~ enta u~wn,
n.~,r. A~Id erwf en~oy sa~d p~en~rity. erw~ err~y p.+rt ~Ae~eu1. tna~ s.~d y~upe~ty n tr~e aod d~ache~qed t~om all I~ens. encumb.ances. and cla~ms ol any Y~od. ~ncluA~ng ta^!s and
.+~ti._•~ur~tolf, eatep~ ~Ihe ben nr~rut. .vh~cb ~ti a h~il hlt~ cx~ Ss~d prci{x+ty. IhOt the Mu~tgayp~ ry41 make Sutn tu~tAa astiwJntlS IO pCff~ct Ih~ 1~e i~mplt htl~ to si~A p~c~p~~iy
~, ~he AStbIIJhINI ~s nwy ~r.nun.~ldy br .ryu~~eA. and Ina~ tAe 610~ u~i~ does Atreby lully WdndOt UOlO ~A! ASSbCW1~00 ~II~ ttil! IU Sdrtl {I~OpC~t/ AOO IYdI ArIlM~ )e~fl~
+.•~~111 I11P n1Ul lydtJ! C~d1TS dMl l1Cffla(Itlt ~1~ d~~ {1CiS(lfli W~1[N~IHJCYl~
NUW TNEREfORE. ~~e cu~Hf~f~un uf th~s rrw~igage n wch tha~ A ~he h~o+~gago~ shalt we~~ a~1 uuly pay unw ~he Ansoaatroq ~he indebtpfness
.,,lrnce+l fry fAat ce~ta~n p~um~ssory nute, ot even date Re~ew~th, made by tbe Mortgagor and payable to the ASS•.ic~atqn, m the punc~ya~ wm
~~ S~Vl3I1TY-FIVS THOUSAND, NIN$ HUNDRSD----------------------------------~OLLARS
;; '75 , 900 . 00 ,. ~~~-~, w,iA ~mars~ as ~Aere+~ stateU, payaWe we~ a term of 240 ~~~~~. a~~ ~a~~
ew,~~~~m, aomyiy Mth amf eb~~lr by rx~~ .+nd every ~hr ~hpulai~uns. ny'ea+nents. ~ond~hons end covenants cuma.ned and set tor~h ~n ~MS mu~tg.yr and m ~he R'o+~nso~r notc
.~. „~e~l Ae~ebr, then ~h~s mOrtq,~ge and ehe estete hrreby c~rate~i sAatl ~ease arW be null arr.1 w~d.
TRANSfER Of THE PROPERTV; ASSUMP710N
~~ aU or any part ol tAe Property or an interrst t~erem i: suld or transtaned by Mo~tyagor wnhout Assoc~abon's pr~or wntten consent,.exclud~ny Is) the
r~ni~o~. ot a I~en ur encumbrance suborJ~nate to Ih~s Mortgage, (b) ihe creaUOn ot a purchase money secunty ~nterost for household appt~ances, Ic) a trsnsitlr
~~ Y Arvisr, ~A~scent or by operat~on ot lavr upon the death of a~oint tenant or (d) the qrant o1 any leasehold interest o~ three yea~s or I~:s not coMa~n~ny an
~i,~~on tn purchase, Associauon may, at Assx~auori s op~ion, decla~e all tAe sums secured by th~s 1111ort9age to be immed~ately due and payabt~_ AssOCULOn
,~~nll hnwr wa~vrA such opUOn to accelerate if, pr~or to the sale or transfer, AssocuLOn and the person to whom the Prope~ty ~t to be sold or Lraniferred ~exA
~~.rr~r~rnt ~n wr~ung tnat the cred~t of such person is sausfactory to Association and that the incer~tt psyab~e on tne sums securoa ~r M~s Mo~tyage sna11 be
~; c~~cn ~ate as Assouatwn shall reyurst. If Assoc~at~on has waived th~ opuon to accelerate provideA m th~s psra~raph and ~f Mortgaqo~'s successor in inte~est
r~.,, erecute~t n wr~tten assumDt:on agrnerrxnt accepted m wriung by Assoclauon, Astoua.~o~ shall release Mortgapor from sll oGl~psuons unoer th~s Mor[psps
+•„t th~ Notr. _
it Asaoi.~et~mienrrusessuch opUOn to accele~ate, Association sAall mail Mongagor notice of xcelerat~on_ Such ~ouce s~all provide a percod o1 not less thsn
tU ~fays frum th~ date the noUCe ~s mal~ed within wh~cA Mortpagor may pay the sums declared due. tf MortgapOr faifs to psV such tums pr~or to ihe eapna
~-~~ 01 such ~wrlod, Assoc~at~o~ may, w~thout further ~otice Or demand on Mortgapor, invoke any remed~es perm~ttetl Dy parsyrsph 15 hereol.
ANU the Matgaga does heroby covsnant and ~prse
1 'o pay ai1 and s~ngubr the p:~nuP~~ ~~d,ntsnst ~nd othe~ tums Of mpney psysble Dy v~rtue Of ts~o prom~isory note snd tMS mortpip! or e~thtr prOmptiy o~
~nr days rospectnely tne same sever~lly b~tpme due ~
2 tu pay aii and s~ngula~ the tsaes. sss~ssm~nts. otMr pov~rnm~ni~I Isnes. lubht~es. obl~pat~ons and encumbrances of ewry natu+a on s~+d descr~O~O popertY
and the related debt acqunrt~on each and swry wMn due snd psY~Ws accwdmp to Isw. before thev ~ome del~nquenf snd. ~f tn~ same sAS~~ ~ot bs Wompdr
~,a~d the Assoc~atwn may at sny ums. srtMr Defwe o~ after dsbnquency. psy tf~c same w~tnout ws~v~ny or ~Nect~np tne opuon lo Iwecbse or sr+y r~pM
hrreurxfer and every OaymeM So mW~ fnall p~ai ~ntsrelt hom th! Oale tMrlOi ~t the rate O} e~gnteen ~~er cent 1183,1 pe~ annum
3 inas itee Mortgagor w~t1 keep su rest snd pe~sona! prop~rty now or Mr~fta encumDered by the hen ol in~s mortpape mwrW ~s msy Oe repw~eA frflm t~:ne to
~ T t~n,e by the Assouauon apams~ ~oss Dy hre. w~ndstorm snd otMr huards. uw~IUes snd conUnpenaes tor wch per~ods ~nd fa not tess tAan sucn am:x,nts as
-~
~_ ~ rnay Le ~e~u~red by the AssousUOn i~d to p~y prOmp;+y when due all prsm+ums Ior wcn ~nwrsnce Mortyapor ~prees to dMirer rfnewat w r~placeme~t
, ' (.u4i ies Ot any nBWre or repl~ClmlM Clrti!K~Lli O~ ~nwrance to tbe Assoustwn st ~esst ten 110r Oays pnor to the e~p~qtion o~ ~rxrverssry date ot the e~~sUng
~"t tw~~~~es The amo~nts of +nsurance ~spu~~sd by ths Assouitw~ shall be mm~mum amounts fp w~~th sa~0 ~nsurante sA~II De wrdten arW A sASU De ~ncumDent
. ~ ~~- ~.;~un tRe Murtyayor to mamtam suth sdd~GOn~I msur~nte as miy be ~atesssry to m~et snd comply fu0y w~th a0 co ~nwrsnte rpu,rements conb~nW ~n sad
_- u~~ pohoes to tne end that sad Mortyspa ~s not s co~~nsura 1Mreunder InfuqnC! SIy11 p~ wuitM by i COmpioY W COn~tWt ~pprOVW W dlS~ynitW by th!
, ~` Assoc:ano~ and a11 polw~es s~+d r~newals tMrsot shsll be MW by the Assoustron AI! dewted despnatwrts Dy the Mott9ipa wfrc~ ~re act~pied Dy tAe
-- ~~ ~` Assoc~a~~on and ali ag~eements Ostw~en Mortpayw snd Assouatan rslatenp to ~nwrsnce. now ea~sunp a ne+eafter made. shsd be ~n vimunq ~rW sna11 be s pa~t
~ ot fn~s nw~tgage agreement as fully as thouph sN forth vsrDaGm M~e~n srtd shail povs~n pot~ part~es hereto ~nd theu succeswn and asspns No 4~n upon sny
3~~~ r` •~ ot sa~d puhc~es of ~nwrsnce a upon ~ny refund or r~Wrn prsmwm vNucA rtyY D~ paYSbls on ths csncellstwn o~ te.m~naiwn thenof. sfyll De yrven to other tt~sn
- fl tne Assouatron excspt by prop~r endorsern~nt ~H~x~d to such pol~cy and approved by the Assoust~on Eacn pooc~r ol mwrsnce sMS~~ hsve sfluW tnereto a
1 ~~ +~- Standard New Vwk Mortpsgss Cl~us~ without Contnbutwn. mdunp sU bss a bsset unWr wch pW~cy psy~ble to iM Assouabo~ ~s ~ts ~nt~rKt msy sppear
_ In the event any sum o: sums of money Decome p~yable tMrsunda, the Assoustan snsH hsve the optan to rece~ve s~d ~pdY tne ssme on suoum of the m
r~ ,I_
.~ deDted~ess hereby Secured. or t0 pe~mrt thE MOrtpapor t0 ret~rve and uf0 ~l Ot ~ny pirt the~e0~. wAhOUt Ihtrtby w~~n~-y or ~mps~nrp sny p,my.l~en a rph~
~ ~p ~ unde~ and by v~.tue of th~s r+wrtgagE In eveM o1 bss or physiul damspe to tM mortpspsd popeny. tne Mortyaqw sha~~ p~w ~mm~te rat~ce tAp~o1 by mad
~~ 0 N ~o t~e Assouabon and 1ha AssoaaUOn m~y m~ke proof ol loss ~f tM s~me ~s rat made promptly by the Mwtpspa In wenf ol fo~~cbsur~ of tMS monpspe. a
- - oMer transfer oi utb to the mortyay~d propsrty. ~n ~abnpwshm~nt oi tM mdebt~dness s~cured Mreby. aN rpht utle and ~ntH~st of tAe Monpspw ~n and to
~ ~ a~y mwrance pol~aes than ~n force shs11 pau to tM purchas~r p pr~ntN 1h~ Mutpsya (u.tMr sy.NS to sbde by tfw ~ul~s snd ~a+sunp rpuqtans or tne
Assoc~at~on ~n connectan vnth rpwr~d ~nwrance cowr~ps of th~ prop~rty M+an ~ntumbar~d
i-- -
;~ a
Pa~agr~pA 4 snd thoss which Idlow ar~ cont~~n~d pn tA~ r~wrN ad~ ol tMs mortp~pe ~nd Dy nfwenc~ ar~ xrcppwatW ~nto tA~ DoO~ d ths mortp~p~
The ~erms Mwtgagor and Assoc~at~on. whenerer used ~~ ~A~s ~ns~.ument, sAS11 ~nclude rhs Aars, pasonsl r~presenu~~ves, suocessws w s~sgns o1 ihe ra~pecare pr~.es
~~e~eto. Wherever used. th! s~ngubr numbp 1Aa11 ~nclude tl+! plu~a~ and the D~ural the s~nyul~r. and the use ot snY qtnder tiAsll ~ntl~ ~II yendeV.~' . ..~,
IN WITNfSS WHEREOF. tAese prem~ses Asvt Deen e=ttut~d on tAe day snd yesr I~rst aDo~re .v~uten. ~ .: •
~~ed sno dN~erea ~ne v~ e ot. , t~ •, _~~',. ~• ~•.,
~ ~ ` . . . i ~:
-~~~ _ -~ ~ ~J . J ~~~~~r / G2'G,'~, ~ G' y,,,,,,, ~ •'.,. : ~.',~; ' .,,~~ . .
~' ~ ISEA~-
~ , y~ T c. coRx~sx, JR' r~'~ f~~' ~: .
. ,~ , ._- :~ -
_._ ~' ` .~ i , ~~. . ~ ~r .
._ t = ISEAU
J I ~ •
' P"rti s JC/. 8'0 iN P,~r.~ ~ OF TAXE= PEGG . ORNISH ..,~' , --.
L'!. L t ri' ~S 'C t!~Te,:C.Ft~ P_~ : ~. '.[ PROF~ '!• ~: ~ n~ ' ISEALI
t~..`"~:.NT 7a :.H:.?i~~ 7i- 4. r.~ij GF 1s71. ,~F. .
f:::G~~ PJIi:.+tS y" '".
~ ~ ~ _r' ISEALI
G ~
SiATEOF ~RIDA COUNTVOf ST. LU~IE a.~,~j.G•
TAe fa ~ intlrumtnt wat sCknbwl ~7- day of_ ~]LJ1i.~J,u~ ~~/~ 9~0 by
eyo rg edged belae me th~s-
ALBERT C. CORNISH, JR. and PEGGY D. CORNISH, husband and wife
t~Ar ~«nm~u,o~,.=a~a ~~Jl~- /~ [~ Y
~. / % ~ L ~/
` ,
J
Nour~ -~bIK. Su~e of
~%~'1[d.~~~,
FLORIDA ~
; ~v ~ _ - ---
.* 1 ~.
~t' ~~~,
~
F~~ .
IEN~ER
~ ';~ 3~6 ParE1861
" +ilK •