HomeMy WebLinkAbout1334rJ1~9i r~ ~`„C~~ ~~y~ C-863A pg
C'~`~ 6254? -2 I ~•~~
THIS MORTGAGE 1NDENTURE
E aecu~ed th~t ' day ol December . A o.. ~9 SQ VY
JOHN P STORRI~ & DONNA JTAN STORRIB, husband and wife, and JOSEPH W. OTTER &
~.~~ o~ ~~ ~,.~~ ~~ ~h~,~~~,~~« <d~~~.~ MW ~~,. ~p ANNA J. OTTER, husband and wife
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION ~~a,ao
a io~porat~on eus~~ny urwlei IAt la~ht ol the UmteJ $la~ti u/ Amence, ps~ty ol Ihe seconU yr~ ~ thae~nal~N caned ~he Atwualronl,
1YITNESSETM, 7Aat fo~ d~re~s yuod a'x1 ~d~UdI1It C0111N~IJIWl1f anJ tu secu~e the Wyme~t ol ~Ae a9y~e9ate sum of mpneY n~med ~n t~@ Vium~swry nute u1 r~rr~ datr
he~emtA, he~analte~ meM~oneA, lo9ethe~ w~~h ~nie~cs~ ~~e~eon arxf all oiAe~ sums ol money secu~ecf he~tby as he~e~nattf~ p~ov~ded, ~~t Manysyo~ does y~am. Ge~ ;~~~~, u~~.
si~en, ~em~se, r~lease, convey and conh~m unto tne Assoua~~oq m tK i~mple, IA! lollu~n~ng ~fa~GeJ ~NI litatl, ol m,A~cA Me Mu~tyago~ ~s nuw se~eed aixl possease.l a~ef ~n
x~ual possess:on, snwte ~n the Coun~r ot -St . Lueie S~e~e o1 F ionda. 49auy drx~•~:r~t
~sfo~~~ Condominium Parcel No. 426~, of SEASCAPS I, a Condominium, according to
the Declaration of Condominium thereof, as ~ecorded in Officiai Records Book 338,
3t Page 1033, and any amendments thereto, of the Public Records of St. Lucie
County, Florida.
SLBJECT TO terms and conditions of above Declaration of Condominium and any amend-
ments thereto, and reservations, restrictions and easements of record.
TOGETHER w~2h au u~ucw~es and ~mp~ovrn.ents now arxf ne~ea~te~ o~ sa~d Iantl aod Me hzWrps attacAed ~haeto, atyo togNhe. w~tn au a~cf s~oqu~a~ tne ~rne~nrms.
~e~ed~tame~ts. eascmems. ~~µ~~~an ~~yhis a~xf aypu~lenances 1hp~eunto beluog~ng, or ~n any w~se appata~n~ng, and the rln~s, ~ssues, and p~ohts thHeof, ancl aKo au ~he es~.~~r,
-~ah~. ~~~k, mce~es~ dnd dll Cla~mi .~nit clem3nd3 ~vhdbuevC~, as wl11 m I,iw as m lyuNy, 01 ~~d bimtqeg0~ m and to tbe s~ne. aocl every pan ancf paicl~ the.lol, an~t .dN. n~~ qeti
_~~~~ elec~nc h+twes, ~acf~a~on, heau~s, a~~ cun~l~~~omng eajW(N~1lnt, T3C~1~/1QIy, Wd@1S, ~dflylS, C~PVdWfS 3BU TOTOK, ~WIAIUI)S, Ln~(S, Wdll~ clusets, wa~e~ nas~ns, u4~r+.
r.+,:cets, dnd o:ne~ V~umb+ng and nra~~ny fi.~ur¢s, mentels, re~~~ye~at~na ptant end ~ce tw~res, w~n~w a~rtens, u~een doo~s. venet~an bimds, slurm Lhutte*s en:! n,kmnq~_ ah~~ h
~~e now or maY Ae~eatter ~~ i,,~n ~u ur l~r ~sra r~~~h, m u~ ~~n sa~d p~lnusei. lvCn Ihuuqfi they I~e tlet.+xhet) o~ deiecheble, o~e and sha11 be deemed ~o tx I~.wres .nd ,,.~rs+•,.rn
[u th! t«phold end e yan ul tne ~rehy, end. ~1 thr atio,~e drw~t~nf pruNr~ ~y n now or y~a11 he~eatee~ be uStd 1ur commNUd~ pwpOSlS, lht~ !ht lwmture anA 1w~uih.nyl .nnf
~.iy r@p1AClmtniS Ih@tpUt r,l~~i/~~ mJY tR• U~hnCt! by t~~p Alurtyoy0~ d~W WfirCA ,vC nOV~ O~ meY he~relle+ tR Itx.atCd upUn Ih~ abOV@ dlK~~t~x1 p~OpC~ty
TO NAVE AND TO NOlO ~he s.un~, ~.,yro~e~ ,ti~~n ~~I ~hr estate, ~~yht_ ~~~le, ~ntr~rst, ~umrste.+d, duwr~ and uqAt o1 dowe~, stVara~eefia~e,pourse~~~n,~~e.m~:~~1
fe~~a'x1 ~hatsue~e., ~n la~n u~ ~n eywty. uf thr s.i~;f Atu~ ~qayu, ,n and to the s,xne. ..nu rvrrY Pert tt~@tBO~, uMO the sa~d Asscx~at~on ~n lee s~mple.
Tne h~ur~q.wp~~ h~~et~Y cuvrne~,is tinh tne Asuri~at~uo eha~ ~hr ktu~~y~~.r ~s ~~ufPt@etrbly y~~/Cd w~lh Ih@ ~bSOlutt dnd fK S~~I! UII! tO Sdu~ p~UpC~ty_ end ndl tuMt pu:.ei,
,~, ~ io,n,ful a,~h:,n~y ro srtl. cunveY. h.~nstr~ e~kf mu~ty,,yr ~ne ~me Ma~ ~t she~~ I~e 1~n,fu~ at any hme he~ealte~ tw she Assouat~on lo prece.H,iy an4 ywe~ly rme~ u~x,r~.
'~e.r. Auld ,frx! en~Uy sa~d V~u{.~r~ty JIh1 r.r~Y W~t thr~eut Ih~t v~d p~upP~ty 11 ~1@p Jlld (IIk~Idi~C[~ I~UAI dll 11plIS. P••~CUfOV~dnl'PS. d~1~I C~d~TS Of .+ny k~n~1, ~ni luding t.~.es .~n~f
.+>irstrr~ntS, e.cep~ tne ~~e~~ !+r~ru1. :tin~in u e h,s~ 6en un so~d p~upr~ty Ih.~t inr R7u~ty.ryu~ wai meke iuth fw~Aei asswerxes to prrf~ct tne 1¢e vmpie ~~~Ir tu sa~ct ~~~upr~ ~y
~'~~e Assuc~et~un a5 rndy rr~sun,.biy tx• ~r~tu~~e.1 end Ihet thr ~.In~tyay~~~ JiKi hreeby fully ~,aiiont untu th~ AisOCmtwn ene tn~e eu u~d p~upr~r~ ,,nd ,m~n :Irtr^d s,,nee
~., ~.~st the mwtga.~e tieimi .,nd ~~BRN(~'~) .~f ,~ii ~~~y~im ~~hvin~ueve~.
1,OW, THEREfORE_ the cund~~~:~~~ uf cnn n,~,~~yege ~s suc~~ thei d t~~r ti1u~tµayu~ st~aU we~l and uuty Day unto ~he Asso~~et~un, tRe ~Mtet»r~~~r»
~. ~.trnCltl !~y it+af cC~ta~n (~~urn~isn~y nute, ot evPn date hltPrntA, mod! lry u~r 41~~!ty.tyur ,fnd pa~eLlr t0 th@ ASSrX.~el~nn, m ihe pnn~++iat ~~n~
` SEVTNTY-FOUR THOUSAND, EIGHT HUNDRED---------------------------------o~<<A~+S
':7 Q~ p00 . QO i, i~ige~he~ .ti~th ~n~r~ru ee +ne~e~n sta~ed, p.+v•~b~e ove~ a te~m ol 348 m~nt~s, and she~+
pr:!.,:m. cumyly ~tA ~~~;1 abnl¢ t~y lech enA e~rry thr t6yul~UUns. .~.~~rr~~+ent5. cond~t~um and coren~nlS cun~e~~ed and Stt tu*Ih ~n tAK mo~t~jayr and ~n thp peurms~~~~y ni.tC
sr~..~e.t hp~BLy, thtn tArs m~~rtu.~P ern1 th~p pslnte ~e~et~y c~_~In! Shell ~eaie ond t~e null and ~u~d.
TRANSFER OF THE PROPERTV, ASSUMPTiON -
~~ all or any part ot t1~e Property or an ~nterest there~n ~s sold or transtened by Mortqagor w~thout Assoc~at~on's prwr wntten conient, excluA~ng Ia) tiie
r~etion ot a I~en or en~umbrance suburd~nate to Ih~s Mortgage, (b) !he creaLOn Ot a purchase money secur~ty interest tor nouseholef aVP~~ances, (c) a tra~~sler
., de~,~te, des~ent or by operat~on of law uaon the Ueath of a joint tenant or (d) the grant ot any leaseholtl interest of three years or tess noi conta~mng ao
:;~r~~~n to pwcAase, AssO~~at~on mav. at Assx~at~an': optio~~, declare all tne wms sacured by th~s Mortgege to be ~mmediately due a~~d payable. Assoc~atwn
~ e~' hdv¢ v aw¢d Such cpl~on to e:ceirrate ~1, pno~ to H~r sale or f~anster, Assoclal~on and the person lo whom the Pro{,e~ty K to be sold or Uansfened reach
:~reernert in •~ni~ng that ihe cred~t of such person ~s saUSfactory to Assoc~at~on and that the ~ntr~est payabie on the sums secured by th~s MOrtgaqe shali be
,e such ~ate as Assoc~at~on sAall rryuest. 1/ Associat~un has .~a~veei the opUOn to accelz~ate prov~ded ~n thls paragraph a~d ~t Mortgagor's successor ~n mterest
•~AS eaecutecf a.ar~tten assumpt~on agreemcnt acceptrd ~n writ~nq by Assoc~at+on. Assoc.a.~on shall release Mortyagor from ail obhqations under thls Mmt3ige
.~•~.:i the Note.
if qsSOC~ationexe~c~sessuth opt~on to acceterate, Assuc~at~on sha11 ~nad Mortgagur notice of acceleration. Such nouce shalt prov~de a pe~ioa of not less ihar~
tU ~:ays from tne date the nohce ~s mai~ecf withm ~vn~ch Mo~~ga9or may pay the sums declared Aue. H Mottgagor fails to pay such sums prio~ ro the e~V~~a
' •~ ot such pe.~oC, Assouahon may, w~N~out lursher ~rotlce O~ dernand on b7ort9agor, ~nvoke any remed~es permrtted by paragraph 15 hereoi.
AND tne Mo~tgayo~ does hereby cor~n~nt a~d ap~ee
1 To pav ai~ a~d smguU~ tne prmc~psi an.~ ~nterost ~nd otner surns ot money pavao~e oy vnwe o~ sa:d p~om~sswy note and th~s mortgaga or ertner prOmp~ly un
cne da~s respecuve~r tne same se~e~snv Dscome tlue
2 To pa~ att a~d s~ng,da~ 2.^.e ta.ss sssessme~ts. otner yove~~mema~ ~ev~es ~~aDJ~ues. o~~~{~ahons and encumb~a~ces o1 every nature on sa~d descnbed property
and tne re.~ated de~c acaws~uon eac~ ~nd svsry whsn d~e end payaD~e accord~ny lo taw before t~ey become de~~~ueni and. d ttq same shan not be prompsi~
pd~A the Assouauo~ mdY st any t~ms enne~ before o~ ahe~ dei~nQuency p2y !he same wnhout wa:wng or af}ecUny tbe optwn to 10r@CIOS! Or an~~ nght
here~~der and eve~Y Dayment so made shall pear mterest irom the date the~eol at ihe rate ot e~ytrteen per cent ~18~~~ per annum
' c^ 3 Tna~ tne Mortgagor w~t! keep an reil an~ p~rton2l property nOw q ~ereitler encumbered by tAe Ltn OI Ih~s morLgaQR mSureO i5 mdY b! reQuued (rom U:ne W
' t~me by tne Assouat~on aga~nst toss by fire w~ndstorm an0 otner Asrards casua~f~es and cont~ngenues for wc~ pe~~ods and (or not ~ess tAan wch amounis as
"- -. ~ ~av :~e ~eaw~rd by tne Assouac~o~ an~ to Day D~omp:~y when due aii prem~ums lor sucn ~nsurance Mortgago• agrees to dei~ver ~enewa~ or rev~aceme~t
' d po ~ es of any nature or reDia~ement certA~ca[es of ~nsu~ance to ihe Assouat~on at ~east ten I lOf days D<<9~ to tRe expuauon or anmversary date of the eR~sung
~ '? pW~ues T~e amounts ot ~nsuranc! reQe~rpd by ih! ASSOt~aUOn Shalt be m~n~mum amOUnts fOr wh~ch sArd ~~surance snsu ~e wntte~ snd ~t shali be ~ncumbeni
' ( i ~pon the :No!tgago+ Io ma~ntd~n SuCh ~dd~i~0~e~ ~nsursnce as msy be netessary to meet anQ Comp~y !ully w~th a~l co-~nsurance requ~rements co~tamed m se~d
._ '~ no!~ues fo the end that sa~d Mortpapor ~s not a co msuror tha~eunde~ Inwra~ce sna~i De wr~tte~ by s company.or compames epproved o~ des~gn,[ed by the
~_ ' ~~ Assoc~at~on and a~l pol~ues ar.d .e~ewais tnereof snesi be ne~a by t-~e Assouat~on All Ae:a~ied des~gna~rons Dy tne Mortqapw wh~ch are accepted b~ tne
~ e Assoadt~on and a~l aqreeme~ts Detwesn Mortflapor snd AsSOt~~lion re~at~np [o ~nsurant! now ex~sunp or hereatter made shall be ~n wnunp and sha~l be a pa~t
~.a of cn~s morcgage agreement as tu~ly ~s tncwpn sst lorch verbaum nere~n and snal~ povern Doth psrues hereto and tne~r successors and ass~gns No hen upon any
' ,` O o} Sa~d pol~ue5 0~ ~nsurance or upon any refund or roturn p~em~um vrAKA msy De psyaWe o~ tne cance~~a2ron or tum•natwn thereol. shau be g~ven to otner ~nan
c~ u. the Asaouauon eacepi by proper endorsement aHued to such pobcy a~d app~oved by the Assouauon Each pohcy of ~nsur~nce sAa~~ hsve affued tAereto a
' • Sta~da~d ..ew York Mwtgagee Glsuse wrthout Contr~Dulron. mak~~ sii loss w Easses under such pobcy payade to tAe Assocatwn as rts ~merost msy appear
~ ~ t 1~ 2ne eve~[ any sum or sums of money pecome payable thereunOer ihe Assoc~a~ron sha~~ have ~he op~~on eo recene and applr [ne same on accoum ol ~ne ~n
~ ,~~ ~ dfbt2dn!!SS h@reby SQCUrld w to perm~t the Mortpapor to rscs~ve and use ~1. or any part thereof wdfWUt thlrl~Y N'arv~nfl or ~mpiu~ny any ~wty ben or nght
_ +- under a~d by v~r~ue of thrs mortgage In even[ o~ bss w phys~tal damspe to the mortpayed property. ths Mortpagor sAall qne ~mmsd~ate not~te t-~ereot by ma~l
_:: i~~ to ine Assouatan and the Assouauo~ miy make p~oof o( loss ~f the ssme ~s not made promptly Dy the Mortgagw In event o1 fasclowre ol ih~s matgage or
o[ner [ra~sfer ot n[k to the mortpapsd property. ~n ~aunywshmsnt of t1~e ~ndeb[6dness secured hereby. a11 npht. utle and ~nterest ot the Matgagor ~n and to
~ ` ~ anr ~r,wrance pot~ues tne~ ~~ force sbs11 psss to tf+a purch~s~r a y~~ntee TAe Mortpapor tw~ner agroes to ab~de by the rules and ea~sur~q regulstwns o( the
r- 7~ AssoaaUOn ~n coru~ecdon wdh rpwrsd msurance toverape of th! property herem sncumbered
4 ParagrspA 4 snd tAOS~ wtucA fouow u~ conta~n~d on tM nv~~q sde ot tMs mortp~Q~ and by r~t~r~nc~ are ~ncapwstsd ~nto tAs bod~ ot thn mortpa~
ih~ terms Mortgagor and Assoaauon, wheoe-e~ used ~n ~n~s msnumem, sAa11 ~nclude
^ereto. YVAerevt~ uTld. th! t~ngulsr number sAatl ~nclude the Dlu.a~ and tAe P~ursl Me s~ngul
!N WITNESS WHEREOF, tn~ prem~ses havt Deen erec~t~d on ~ne day and year I~rst
S~qneO. seal s~b dNrver~d ~n t presence o1
!
A to ` nd s. Storrie ~ ~
_ r~ati..~' ~~o )~ i _
~
o Mr/_and Mrs. Otter
f
personsl .epresenu~~ves, wcceuors w assg~s o1 ~ne respecuve pa.r~es
ust Of any gender yAall ~ntl~ all gerxfers
~~ ~
. ST RIE
-
~< <
1/IZC~ (.IC / /T ..G
~ ~ ANNA J .
STATE OF M CHIGAN COUNTV OF WA NN ~_.
Tne Iorpang instr~rt~ent was acknpw{edged bdqt me tA~s ~- dsy o~ Deeember 19 8~ ~
.IOI~1 P.'STORRIE & DONNA JEAN STORRIE, husband and wife, and
dOS~~ 11, OTTER & ANNA J. OTTER, husband and wife .
. ~, ~~ `~ Ma~Y c. wa~K~i ' ~~~'~1pt-~-
' ~ Notar F~b::c Y~a• ~ ~! .~i.
~,h, c~,~,,,a%~ I _!• e Coun~. Mich. __ / G~ ~ ~_
•-~Gom:~is~i~n Exp;res Dec. 5, 1981 '~
~ ~ , ~~ R
~ ' ~ ; `~ Notxy vva~c, s+Xe of ~~~~i~
- ~- ~
' ~ ~ - ~ ~ 4'`' ~.~~~ 347 ~~~~ 13:31
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LEND RE
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