HomeMy WebLinkAbout26191~a~ ~ b~ ss ~oA2 !'g I°'
. ~ THIS MORTGAGE INDENTURE
fx~cuad U+n ~Q ~N day o~ December , n.D., t9 80, by st5-~~ `~
JA~iFS T. MILLS and DONNA L. MILLS, husband and wife S
a+«r ol ~M (in~ w~~ (he«~Ml~a eMM~ Ma~p~po~l. ~o ~~,~
CHASE FEDERAL SAVINGS AND LOAN ASSOCIATION
a co.pwa~an ~xn~iep uod~. ~M IaNn ot [M Un~ud SuiK ol Am~rKS. prty ol iA~ save-d pa~~ lhN~,n~hp u~r~d ~M Assoaa~wol.
WITNESSETH, TAst ta drv~.~ yood and vMu~bN cons~d~.auoni. arrl eo s~cu~~ ~I» p~yrn~n~ of ~M sqprequ~ wm ol mwyy narmd ,o ~M Wom~uwy no~e ol even date
M~evMth, 1-Kan~f~« rt~+uon~d. topnM~ wntA ~n[~res~ u-K~on snd aU oth« awns ol mpNy s~cu~~d 1M.~by s~ M.anahM P•arKNd. tA~ Ma ~p~por dots 9ram, twqam, sNl,
alwn, r~nn~. ~N~+s~. conwy snd conlam unto tM Assocwtwn. ~n IN srnpl~. th~ lollow~np dpcr~bW r~al ~sua. 01 wArcA ~h~ Ma~ypor n now w~s~d and possssied a~d ~~
•[~u~l Q017f{{IOfI, S1tWq M lM COYf1fy O~ -St . Luci e S~sa ol Flpida, ~p~lly desu~b~d
«~aa,~.:Condominium Parcel No. 7451, of CATAMARAN II, a Condominium, according to
tt~e Declaration of Condominium thereof, as recorded in Official Records Book 334,
at Page 2451, and any amendments thereto, of the Public Records of St. Lucie
~ounty, Florida.
SUBJTCT TO terms and conditions of above Declaration of Condominium and any amend-
~nents thereto, and restrictions, reservations and easements of record.
TOGETHER whA NI suucturK and ,mp~oveirKnts now and I+~rssl~er on ssid lamf snd U-~ Iixwr~s s~acMd tM.~~o. alw togsUw nnth au and s~rgu~x ine ~.. ~., ~s,
he~ed~uintnts, easemems. ~~px~sn rgAts snd appu~~enanc~s tAe~eunto bNonqirg, o- in any vwse appe.tain~ng. and tht rents. iuues. and prol~IS the~eol, snd alw aU ~he estate.
r~gAf, titk. intaes~ and all cla~ms s~W demsrMs whatsoever. ss we11 ~n Isw as in tQu~ty, of sa~d Mo.tgagor ~n and to tAe sarne. and every pa~t and parcN U~eol, and also ait ga:
and ekctric tiaturef. rsd,stors, Aeate~s. air cw~d~~ioning equ~pinent, mxA~nery. bale~s. ranges, elevslo~s and motas, balAwbs. s~nks. rw~e~ closets. wata bas~ns. P~pes.
~aucets. and o~her plumbn9 and hesung h:~ures. ma~iels, ret~ge.aung plar+s snd ~ce bo:es. Nnndow ,cresns. screen door~ ve~e~an bl~~ds. s~am shuttcrs and awmnys, vrh~ch
are now or may hereatte~ perum to a be used Nnth, ~n o~ on sad pemises, even ~hough they be detach~d p de~xhaWe, are xW sha11 be dcemecl to be 1~•~wes ancf accesswns
to tAe Ireehold and a pa~l ot the ~ea~tY. and, ~1 the sbove desc~~bed P~pppty :s now w shall he~ealter be used for ..,,. . rt~ pu~poses. tAen the lurmtwe and Iwroshingti and
an~ replacements thi~eol whKh may be o,n,ned py iiK Mu.~gagp~ and ,roh,cA aie now o~ maY Aeresieer be locatecf upon tAe abwe oescr~bed p~ope~~Y.
TO HAVE AND TO HOLO ~Ae ssrne, ~ogethe~ w~th a8 tAe es~ate, ngAt, tuk, mtpes~. Aomestead, dowe~ a~d ~gAt ol clowa, xparate esta~e, posseuwn, da~m and
ckmand wAalsoever, m law or in equity, of the sa~d Mortgago~ m and to the same. arn1 evey pa~~ ~hereof, un~o tAe sa~d Assocwuon m fK wnple-
Tne Mortqagon c~r~by cwenants vwth ~he Assoc~at~on ~hat the Mo.tqago. ~s ~nde~eas~Wy se~red w~~h ~ne absoiu~e a~l iee s~mpk ~~~~e ~o sa~d wope~~r. and nas tu!~ power.
and lawlul authonty to se11, convey, transfer and mo~tgage the same. that ~t sAall be Iawlul at any ~an~ Ae~eafter IOf th! ASSOCNU00 IO p!~[lably dOd qUMtly MIN uppn,
have. Aold and enjoy sa~d prop~rty, and every part thaeol; thaf sanl prope~ ty ~s f~K and d~scAa~9ed Irom all IKns. encumbances, and cla~ms of any k~nd, ~ixlud~ng ta^es and
assessments, except ~he 1~ hereol, wA~ch n a lust I~e~ on said p~opptY. Ihat eA~ Morl9ago~ wJl make sxh fu~the~ aswrances to pe.tect the fee srnpl~ ~~tk to sa~d p.u~e~~y
~n ~he Assocwuon as may reasonably be re~uued: and ~ha~ the Mwtgago~ does hereby lully wanant unto the Assocwuon ~A~ t~tle to sa~d prope~ ty and w~il del~l same
.~g.~~nst the mor~gage tla~ms and denwnds ol all persons wApmsoever.
NOW, THEREFORE, the cawfiuon ot thn mwtgape ~s wcA th~t J ~he Mo~tgagor shall wN1 and truty pay unto ~he Assooa~ao, the ~ndebtedness
ev~dented by that certain promnsory note. of ~n dste herevwlh, made by tAe Mort
ya9tn xM WyaWe to tAe Auoc~alqn, ~n tht p~~nc~pal wm
;,~ FIFTY-NINS THOUSAND, EIGHT HUND88D FIFTY------------------------------~~LIAHS
~959 , 850 . ~0 ~, together v~nth ~ntaest as thernn suted, payaWe pve~ a ~erm of 348 momhs, aoJ shaU
perfwm, comply witA and ab~de by each and every tt~e snpulatwns, ag.eements, cond~t~ons and covena~~s con~a~r~f and xt fo~tA ~~ th~s mo~t~age and ~n ~fK prom~sso'y ~oee
secured he.eby, then ~h~s ma~gage arKi ~he esta~e ~ereby created sna11 cease and be null snd ro~d.
TRANSFER OF THE PROPERTY; ASSUMPTION
If all or any psrt of the Property or an interest tAerein is sold or transterred by Mort9agor without Association's p~ior written consent, e:cluding (a) tAe
craation of a lien or encumWance subordinate to this Mortgape, (b) the cteation ot a pu-chaso money security interest tor household appliances, (e) ~ t~ans(er
~v devise, descent or by operation of Iaw upon the death of a joint tenant or (d) the qrant of sny leasehold interest oi three years w leu not containing an
option to purchase, Association may, at Association's option, decla~e all the sums securW by this Mortgsge to be immedistely due and payable. Auociation
shall have waived such option to accelerate ii, prior to the sale or transfer, Association and the person to vrhom the Property is to be sold or tra~sferred reach
agreement in writing that fhe c~edit of such perwn is satisfactory to Association and thst the i~terest payable on tAe wms secured by this Mortgage shall be
.~c such rate as Association shall requesL If As:ociatio~ nss waived tha option to accelerata provided in this pa~agrsph and if Mo~tgapor's succeuor in interest
nas e~cecuted a written assumptfon agreemen~ accepted i~ writir-g by Association, Associa~~on shall release Mortyayor irom all obligat~onz urWer this Mortgage
a~,d the Note.
I( Associationexerciseswch option to xcelerate, Association shall mail Mort{~ayor notice of acceleration. Sucn not~ce shalt prwide a perlod ot not less than
30 days irom tAe date the notice is mailed within which Mortgagor may pay tAe sumc declared due. Ii Mortgagor taits to pay such wms prior to the expira
~ iun of such period, Association may, without turther notice or demand on Mortgagor, invoke any remedies permitte0 by paragrapl~ 15 hereof.
AND the Mort ~
9agar doss hereDy cownant ~nd ~pree
1 To pay atl ard s~npub~ th0 pru~apil ~nd ,ntMest ~nd other wms ot mpney paysble by v~nue of sa~d prom~ssory note and th~s mwtflaye. a e~ther. prpm0l~r ~n
the days respectrvely tAe s~me ssvsrsNy betome due
y~~ 2 To pay all and s~npular ths uass. sss~ssme~ts. othsr povsrnment~l lev~es. hsbbuss. obbpatw~s snd encumbances of every nswre on sa~d descnDsd propenY
~~~ and the re~ated debt acqu~troo saM ~nd evsry whsn dvs and psysbls accord~np to Isw. betore they become delu~quent snd. ~f IM same shall not be prompt~y
o pa~d. tne Assocut~ may at any ams. e~thsr Dslwe w ahsr dabnquency, p~y the s~me MnthpW nramng nr ?H.~-••~g ths optwn to forecbsa. 'a any rghi
~~ c~ hereunder. and evsry paymsnt so m~ds sR~O Dssr ~ntsrsst from the date thereoi at the rsta ol aer annum.
` Q o o-
` M 3 That the Mwtgagor vnU kesp s4 reat and personsl p.c~perty now a neresher sncumbered by the hen ot tn~s mo-tgsge ~nwred as ma~r be reqwred (rom u:ne ~o
= 7 ~~.,~ ume by the Assouatan agamst bss by hrs. rnndstam and other hsrards, uwa~ues and co~Ungenues for wch pereods and ta not kss than wch am~unts as
LL~ s may be requ~~ed by the Assoaat~ srid to psy promptly whsn due su p.em~ums (w wcA mwrance Matgsgor aprces to delrvsr renswal or replacement
~,~ polrc~es oi any nawre w replacemsnt csnd~catss ol mwrancs to tha Auovauon. at least ten I10) days par to tAe e~prat~on o. anmversary date of tAe e:~stmg
_- r~-n pol~ues The amounts of mwrants rsQwred by tha Assou~[ron sAall be m~mmum amaints for whKh sa~1 ensurance slialf pe wntten and rt sh~t~ be mcumbem
~', _'o upor: the Mortgagor to ma~ntam such sdd~uonst mwrancs ss msy bs necessary to meef and comply fulfy wnh a11 co mwrance requwements conta~nad m sa~d
~~ ~ potK~es [o the end [hat ~sd Mortpsyor ~s not a co-~nsuror tAsreunder Inwra~ce sha11 De wntten by s company or comparues spprwed a des~pnsted Dy ~ne
~~- Assoaauon and a~~ pol~uss snd renswsls thsreo! sh~ll De held by tAe Assouatro~ Atl deb~~ed des~pnstrons by the Monpsgor wh,ch are accepted by the
£ -, ,~ t Assouauon and an agreemsnts Dstween Mertpsyor ~nd Assouatron rslsuny to ~nwrance. novr ex~sUng a hereaher mide. sha~l be ~n wnuny snd sha11 be a pari
, U; ~ ot th~s mortgage ag.eement as fuHy ~s thoupA sst torth verbat~m hsrsm snd sha11 povern Dotb parUes hereto and tt~e:r wccessws and ass~gns No I~en upon any
`+ o! sa~d polw~es of ~nwrance or upon any refund or rsturn prs~:•,m wh~th msy be p~yabfe on the cancellatron or term~nstan thereof. sl~all be gwen to other than
~~ p y tne Assoc~at~on. except by prop~r erWOrsement aHued to wcn policy and spprored by tAe Auouat~on Esch pobcy of u-wrance shatl have afi~aed thereto a
-" Standard New York Mortgsgee Ctsuss vnthout Contnbutan. malunp a11 bu or bsset under wch pol~cy payabb to tAe Assousuon ss ~ts ~nterest may appear
Q ~~ the event any wm w wms o1 money becpme psysble thereundsr. [Ae Assoastan shall have tne optro~ to recene and spply the same on account ot tAe ~n
s~ debtedness hereby secured. or to psrrtut the Mortpa9or to rscs~w and use ~t. a smr part the~eo(. w~thout tAereby warv~np w~m ~r~
j n- under and by vvtue ot th~s mortgspe In event ot bss p phys~~al damaye to tAe mort « che Mort a w~~~Y ~~~Y' ~ien or r~ght
papeC pop~ y. p gor sAall g~ve ~mmedute nobte thereof by ma~l
to the Assouauon and the Assoa~uon msy make prool o( bss ii ths ssme ~s not msde promptly by the Mortgaga in event o~ torsclowre ol eh~s matgage a
other transler ot utte to ths mortpaQSd propsrty. m exUnpu~shm~nt of tAe ~ndebtsdneu secursd hereby. ali nght. t~tb a~d ~nterest of the Mortysga m and ro
any ~nw-ance pol~aes then ~n (ace shsN pass to ths pureMsa w pr~ntee Ths Mortps9a funher syrees to abde by tne rules and s:~stmy rsyulatrores of tne
Assoc~auon. ~n connectan nnth rpuu~d mwrsnce cmrs~~pe of ths prcipe.ty herem sr.cumbered
1 Psragraph 4 snd choss whrch folbw u~ conUm~d an tM nwrse sd~ oi tlus mortp~ps a~d by re(er~nc~ sre ~ncapo.~t~d ~nto tM body of t-ws mwtpa~e
The terrns Mortgsgor and Assoc~atwn, wAenCrer used ~n thn mstrument, sAall ~nclude tt~e he~rs. pnsonal iepresentatives, wotessors or assgns of tAe rapcct~v~ par~,K
~ereto. Wtierevp used. the singutsr number yiall ~nclude tht plural and the plursl tAe s~ngula~, znd tAe uit o1 any g~ndtr sl~all ~nclude all gende~s.
IN WITNESS YYHEREOF, ~hese prcm~ses Aave ~een eYecu2ed on ihe day and year fusi above vM~~~en.
Sgned, sealed snd dN~ve.ed m ~Ae wesence ot.
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~ ISEAL-
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' ~ °"~n~ f DONNA L. MILLS ~
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STATE Of OHIO couNTr oF~v'v7~Mc~~
Tl~e fw~yo~ng ~ns~rumem wss sckno~Medyed belore me this~ 7y day ot Dee ember .,98Q py
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ti~
JAMES T, biILL3 and DONNA L, biILLS, husband and wife~~~~:
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