HomeMy WebLinkAbout2484J $~~~~~~ ~" ~~i•1U1A2 ~ ;
~ ~ '1'IiIS 1110K'1'GAGH: INl)h:~i'1'URF S1~Z~~ ~~'~o
r.~~„„~ ~~~~ ~r a.,, o~ Deccntber . A o.. +9 80. bv 'I
t3AYi~10ND T. FORSEY &MARJOR I E F. r`ORSEY, liusband and wi fo, & DAVID S. 1fACEY & ~
y,~,Y ~~ ~~ ~~~t~ wI~ "'e1, CI~ASE 1FN:~DERAL SAVINGS AND LOANaASSOCIA'I'ION 8~bo
13
, ca~po~ahon e.~s~~~q u~+de~ tAe 4ws ol the Un.ted SUtn ot Amr~~ca. P~~Iy o1 IAe sru,n0 pa~~ (he~anal~~~ caurd ~~+e Assnc~a~wnl.
WITNESSETH, Ths1 lo~ d~vrs 9oc.d snd .a~wL1e cuns~de~aunnl. and ~o fecu~! t~e PsV~nrn1 0~ Iht agy~eystt sum p1 mo~eY n•med ~n tne p~u~n~~•,.y oot! o~ e.e~ Jatt
ne~ew~th, Ae~s~~af~e~ ~nrn~~on~, ~uy~~h~~ w~1A ~mrett tAaeuo snd sU othe• sums ot money ucu~ed Ae•tt~y ~L ht~t~Mll~~ p~ov~Aed. tht Mo~~g.~o~ does ~ant, W~ya~n, u11,
al~~n, r~m~s~. ~Nease. co~vty a~d tonfum un10 IA! Atiot~al~oq M IK tunpk. ifK IOIIOw~ny destritKd ~NI ltlatl. 01 ~n~KA tRe Mw~yayor ~~ nuw u~+ed and vaeuard .~~d m
.+. ~~a~ po~sefs.on, s~~w~e ~~ ~M Coun~y o) St • T~UC ~0 Su~e ol Fio..AS, ~egally dr~c~~bed
as+~~~oM Condominium Parcel No. 4271, of SF.ASCAPS I, a Condominium, according to tho
~,~~~l,~ration of Condaminium thereof, as recorded in Officia.l Records Book 338, at
'_~~;e 1033, and zny amendments thereto, of the Public Records of St. Lucie County,
:•'1~~~'id1.
;t:i~.~FCr `PO tei•ms and oonditions of abovQ Declaration of Condominium and any :~inend- ,
~:~_~~ts thereto, and restrictions, re~~rvations and easements of record.
tOGET~~ER w~~A d~ st~uctu~es ~nd ~~np~u~r~r,rms nov~ and A~~eal~e~ on sa~d land anA ~h~ I~a~u~ea ariac~ed ~Ac~eto, a~so ~c~etAa w~~h all end s~ngu4~ ihe ~r..•~~~en~~,
' r~rA~temtnff. ~~ree~nrMi, ~~pa~~an ~~y~Ats a~n1 a{~pu~trn~nclS ihe~lunt0 t~tlung•ny, O~ ~n an~ w~st appr~te~n~ng, and IAe ~emt, nsues, and p~oh~s ~t~r~tof. ~nd a~to a~l the rt~ait.
~.yn~, ~~~le. ~n~e~es~ and alt cte~ms .~~d dr~na~ds w-:a~soere~, as well ~n !aw as ~n equrty, OI La~d tilo~tyego~ ~~ dnd lo Iht seme. and ererY Wrl and ya~te~ It.lit01, anA als~~ atl y~t
.~,: Nec~ne h^w~es, ~sd~a~ors, nra~e~s, a~~ cu~d~~~on~ng rtyw{Hne~t, n:ecA~nery_ twdt~f, ~anyef, t~e.atU~t and moiors, ba~~wtn, s~nts, hau~ duu~s. waTe• ha~.ns, p~ves.
!~~ceti, ~od olhe~ p~umb~ng and f~eat~ng fi~W~ef, manttls. ~elnyerat~ng Vians and .c! t.o.es, w~ndow ri~rens, u~re~+ dtwn. ~r~+et~an bLnds, sto~m s~ut~e~s ar~d a~nn.ny~, ~vh~aA
~~ r~~ow o+ may Ae~eatfee yr~~~~n ~o or I,e uuA runh, ~n d un ~a~d P~em~ses. even ~Ao~gh tAey t~e Ae~xhaf o• de~schab~e. a~e and snall t~e itrr~+~ed tu l~e L.~u,es .~•-~ ..ci,•r ~~.ns
~c. i~~e fieehutd and ~ p~rt ot tAC ~tahy, snd, J the al~ovt descnt~ed p~upe~ly n now o~ shatl he~ral~er tx usrd io. cumrnr~c~a~ p~~pous. tbr~ the twn~iu~e end ~w~~~e~~ ~~~+ •.~~d
-.~ ~ ~~~pte,tn~rniS lhe~l01 whith may tx o.tined by ~n~ Mu~ty~.yo~ e~d wh~cA ait now Or may hr~eahn tx Icxaied upon ~he .+:w.e dex:~l+rA P•uyr•ty. ~.
iO -~AVE ANO TO HOIO ~~e s,~ne. :uge~he~ w~in a~l fhe eva~e. ~~y-~1. ~~Ue, ~~~r~es~. Auanca~rsA, Aoa.e~ .nd ~~g~~i o~ Au~rvr~, x•,..~~+ees:.+~e,v<~s.r»~~~.c.e~+~ ~~+d i
~ ~ u.d wnencev~r, ,n law o~ m rUu~ty, ol Iht seuf hlu~tyayor ~n and t0 IAe soiM, snd e.e~y psrt ~-.r.rot, umo ihe sa.d Auuuat~un m 1~ s.~ople
Tt,~ -.'w~y.,3u~ nr~rby co+rnen~s .v~~A ~be A~x~c~a~.on ~ha~ flx 6~onysgo~ n mdt/rat~bly y~~trd w~th the ..tnol~ie end 1rt S~ntpl! t~fl! IO sa.A y~~.~rrty. end has ~u~l p:,.•hr.
,~,~ ia.vtui au~ho~ny ~o ull, conrey. ~~ensler and mur~g..ge ~he sarna Ihat ~~ sha11 he tawlul sf a~y i~~~,e -.r~e~1~e~ fo~ 2Ae Au~K.a~~un ~o pr.+«•.~bl~ or.d ~~~.e~~~ c:,~c~ uvoo, ~
•.r. notd Jnd en~uy Sa~d p~optrty. anA r.•e~y pert ~hr~rol, ~ha~ sa~d p~ope~ty ~t ti~ arKf d~SChe~yrd I~pm all l~tni. tncWnL~ancrS. e~~d Clenni Ot ~ny -md, ~nil~d,ng tn.rs ..nd
~•~~ ~~r~~s, e•cept tAe ~~e~ -~r~rof, ~A~ch ~s a I~~at I~r~ u~~ imd p~b{~t~ly. Ih~t Ih~ MU~fgsyOr w~ll maAe suth lu~lht~ aesu~wncei 10 i~rt~t tht }rr ~~~~~p~t ~~11! ~o ia~d p~c~pr~~y
n~~,e ti++oc~af~u~ as ~^ay ~eet~.~atdy l,e re~ow~ed. and tnae ~he ti~ong.qor Auei ne~eby Iul1y wa~~e~t unio t~e Aucx~a~~un tt~~ t~t1e to s~~d y~o~x~ty and wdi nelr"d seme
_ ~~st Iht a~o~Igegt Cl~~~m nnd Arn:ondf o1 a~l pr~funi v+A~umioevl~.
'vOW. THE'riEFORE, tne co~~d~i~on ol ~ms mu~igage ~~ such t~st d tAe Mu.~g.go~ s.'+a0 welt .~d uuly pay unto the Assoc~a~~un, the ~nr~rt,sea~~~ss 1
..!~~n;~d by thal certa~n p~wn~iiu~y note, o~ evtn Aate ~:e~ewdh, meAe by ~~e tiZ~~~9ego~ and payahle to tbt AuM'~at~on, ~n fhe Vnnr~patwm '
.,~ \ INE'fY -Ti1'O T~IOUSAND, FOUR HUNDRED-------------------------------------n0t lARS
_~~. ~~~~ . 00 1, togeshe~ w~th ~ntrieSt es ~~~t~ri^ +ta~ed. p~~ eL•le ove~ a Te~m ol 348 ~~~~~'fis. ^^~• +~•+~~
;.r•'~~~m. c~+np1Y „HtA enA at~~de'vy e.~c~ and irC~-~ lA! St~~~~l~t~uni. ay~tr~~~rnt1. tt.~a~~1.Un1 ar.r! cc~.rr.~n~s cu~:ia~neA ~r,d sH fo:i~ ~n fh~s m;,~iy..yr enA .n i!,r i~~<~rn~ss.,~~~ ~~nt!
~.~•rd ne•tby, Ihtn Ihy mo~~ya~t and t~~ es~ate ~~errhy aeated i1~a~~ ~r.+se anA tie nuU ..nA vo~d.
TRAnS~ER OF THE PROPER7Y; ASSUMPT~ON
it al~ o~ •ny Var~ 01 the P~ope~ty or sn ~nte~rst the~ein is sotd o~ transle~~rd by Mu~tyagor without Ilssuc~atw~ s p+~or v~~~nrn cor~.ent, r.clud~ng (a) U.e
.~. ,t~un o1 s Lrn or encumbiance ~u6u~d~nate to thn Mortgepe, (b) t~e crtat~on ot s purch~se muney s~cur~ty ~mr.rtt 1w ho~ir~~old epp!~s~~res, (t~ a t.anster
!.~ Aew1u, des~ent m by a;,erat~on ot law u.~u~ the drsth ot a~o~nt unant or (d) the y~anl ot any Irasehold ~~tv~est o1 th~ee ye~ers u~ ~rss ~~p1 cO~~ia~n~np an
,~~~un to pwcnese, Associst~on .nay, st Assx~ai.o~ • opnon, iirclere all U~e i..~ni secwed by ~hn MortSage ~o Gr .rr~~e~.-d~ately ~y~e ar~d ~-:a~abte. Assvc~a~~on ~
..,:I r.ave .vawro such opt+on to xcelerate it, pr~or to ~~~e satr or Ira~sler, Assor~si~on and t~+e µrnon fo ~~hom tne P~oprrty iT 10 ~~P SJ~O UI ~~a~•s1r..rd .recA
..:r~rni ~n .vnt~ny thst Ihe ued~t o/ such pe.sun n sat~ttactory to A~soc~at~o~ and U:at tne inirrrit pa~~able On Ihr iuti~i Secu~rd Uy lh~i ~.~Orlye~e shalt b!
+; +~,,ch rate ai Assoc~at~on shall ~eyuest. t1 Auociat~on Ras .tarved the opUOn to accFte~atr p~ov~ded ~n th~s perepre4~h and ~i RAorigeyo.'s s~~:crssor m~~~te.est ~
r ~s eae[utrd s~vnltrn sasumpt~on agrrrr~~ent accepfed in wriL~.9 by Asaouat~on, Assoc~~..u~~ s!:atl release Murt~e~ur f~om all oLl~yat~uns un~frr th~s Munynge
~ d ~ne Note.
I1 nssoc~sUUne.rrc~sessuch apt~urt to accel~rate, Assouation shsli mail tilo~tgeyor not~ce o1 ac~r~rrat~on. Such nolite sh,ll D~ovi!fe a~H:~.uA o: ~ot li~ss than
^ cays fiom the date lne notlce ~: mai!ed w~t~in wh~cn Mo~tyepor may pay tne s~ms d.•cle~rd A~~e. N b'tu~tyegor fa~ls to pay wcR surni y~~o~ to the r.pus~
~.~~ ot such ~,er~od, AssociaL~n may, wiihOUt 1Wlhl1 nOti~t O~ dCrr.end On A1u~tgago~, mvo-e e•iy ~en~rdirs pr~rnittrd by pa~ag~aph 15 -~ere01.
ANO t~~e Mo~t~ayor does hereby covsnant •nd sp~e~
1 To paY a1t and s~n~ul:r the Wmapat arb ~~:srest and othe~ si ms of mo~ey payaD}e Dy vntue ot sn~C prumn~ury note end th~s mo.2~a~e o~ @~thlr p~Um~t~y On
the days ~espett~vely Ih! sam! severslly Detome du~
2 To pay a~~ and s~~9ulu tne taaes. nssessms~ts. otr.s~ pcvernmenia~ tev~es ~~abd~c~es. oD~~~at~une. and encumtxances oi every nature o~ sa~d desusLed p~operq
~r~ the ~etaied debt acQ~~sa~on esch ~nd svsry w~en due ~~d pa~abie accord~~p to Iaw Gefo~e tney Gecome Ce'~r,Q~em and. d tne same shatl not Ge p~omatlY
~ pa.d. the Assouat:on may at any t~me sd~e~ be~o~e or alts~ det~nquency psy ti~e same vvrthout v~a~v+no o~ a~tect+ny t~e opt~on to 1o~eciose or any npht
, he~e...~Jer ard e+~ery pa~:t,e~t w msds shall Desr ~nte+est lrom the date the~eol st the rate o~ r~yMren pe~ cent I18°K) per a•~num
'i ` '' •3 Tnat tht Mu~~gapor w~ti kee0 ~~~ ~eal and pe~saral property row a he~ratte~ encumt,r~rd by Ihe ~~eo o~ fh~s mongage ~nwred as may Le rrp„~~ed hom ume to
I '} t~me bY tne Assooat~un apa~~st loss by t:~e w~ndsto~m s~~d other hara~ds casua't~es and cont~n~rnc~es tor suc~ pe~~oAs and fo~ not trss tha~ such am:,uws as
-~ ma~ be rrqwred b~~ t~e Atsv:,at~on a~~d tu tay p~omp:iy wtan d~e all p~em~ums lo~ such ~r~,.~an~e !~Sortyoyor a;~~ees to deh~er ~enev~a~ or rep:ace:*:eM
:~ ;:o~•nes o~ a~~ ~a:wr u• rep a;e~~em cert~~~:ates ot ~nsu~ance to t~e As~uuat~un at icast trn ~lOt dayS p'~oi to t'~e e^p~rat•on o~ er.n:~ersa~~ date o1 tter e•~st~ny
, ; ~ pu!~!:es Tne a~n,,;~ts o! ~~s~~a~ce reQ~~red 5y t~e Assoaat~on s' ai~ be m~n~murr. a~•.o.,nts ~o~ .+-~~ch sa~d ~nsu:ar~¢ shalt Ge wn:ten azd n shatt ~,r,cumLem
..~+ uj'On ;ne b~o~~yeeor to ma~nSam suCh add~LOr.~f ~nsu~a~:te as r,sy :;s :~ecrssary to ~~t'ei and ~c•mpl~ fu~iy vvdn i~l CO ~ns:,:a~ce ~eyuneme~ts co~~ta~~:ed ~~ sad
I _- :'~ ~n~~~= rs to the end tnat sa~d h1o•tyapo: ~s not a co msuw~ t~e~e~nder Insuran,r sna~s be wni:en b~ a cvmpan~ o~ ~~:~ya~.rs ay, ro.e0 or Crs y~~a:rd Ly the
f .~ Assu;.at~or~ and ali ~t~r.es a~d ~e~ev.a~s t~~e~eot sh~ll Ge Te~Q by the Assucat~on AI~ de7a rd des~ynauons b~ the hlwt~e~or wh~ch are a:.r,~rd by the
,~ 3 Assoc •dLOn anQ a~~ aprt@mentS Gelweb~ hlortyayor and Assoc•at~on rhlat~ny lo ~nsu~ar.ce noa e,:st~r~y u~ he~ra!te< <~~ade sF.at! tx ~n .vnt.n~ and s~al' t~ a part
~ ' of th~s mo~tga~e a3•eement ss tul~y as lnouph ~et lorth .e~Gat~m he~e~n e~*d sf~at~ Q~:r; n x~t~ pa~LSS ~~r~e~o and tne~r suttetiiurs ind ais~~~s Nc :~en upon ~ry
~ o~ sa~d pu4aes o< <~su~ance a upon any ~e}.,~d or rotu~n p+~rmum wh~cA may bF 4•a-aGtr un tf~e can;et:atwn o~ ~r~~ :~r.a:~on t~~r~eot. s`.al! pe ~~.rr. to uY~ei t~.sn
~~ the Asx~c•at.an e.:rpt br pro~sr EnGorse~r.ent sft~aed fo sucA pohcy anC app~wed b~ tl~e Assuc•at~on Eech ;~o~~cy o~ ~~sura~ce ~' aN t~ave atl..rd tr•ere~o •
~ Sten-iard ~iew Yor~ b~o~tya~ee Ctause wahout Conu~buuon ma~m0 sll loss er I~sses ~~~e~ sucA puLcy payaD'+e to tt~ l.ssouat.on as rts m;e:est ma~ ap~~esr
~ ° ~ In Ihe event sny sum o~ sums ot mor.ay become pa`aLte thn~e~nd~r. the 4ssoc~suon sha~t have the opuon to re.e,ve and a~y t~e sart,e on acco,.nt o~ tne ~n-
~ Z ^ Aebtrdr~ess hereb securod or to pe~m~t Ihe Mor~ a i to ~ece~ve u+d use ~1. w an art therrof w~thout ~he~eb v~a~v~ o~ ~m a.nn an e wt I:en or r~ ht
~3 ~ Y G 9o Y G Y ^9 O G ) G Y 9
under a~*d by v~~tue ol th~s m~~Igaye In e.ent of ~oss a pAys~c~l dama~e to the monpeped p~aper~y ihe b~o~~ya~or snall y~ve u~~med ste nat~ce t~~ereo~ by mad
ti~ N` to the Assnc~abo~ and tne Ass~~:.~at~on ma- ma4e p~oo1 ot loss d the same ~s noi made p~vmpU~ by Iht Mortyaya In e~em o1 ~o~e~~oswe ol Ih~s mo~tya~e p
: O ~ther ua~s~e• ol trtte to ine mohpaped p~opBrtY. ~~ eat~~pwshment oT t~e ~r.diteedc,ess sew~ed ~e~eby. atl ~~yhl t~L~C and ~ntrres~ ot the Mo~~~a~a ~n and tu
~ _ any ~nsu:a~ce po~~.~es ihen m force shall psss to ths pu~ch~ss~ o~ y~~ntee The Nior~yapa funt~er ap~ees to ab.de by the rules a~d e<<st~ny rfQ~~at~o~s of tM .
~ .,L Auuc.~at~on. ~n connxuon w4h ~eqwre~ ,r.surance corarspe of tM p~operty As~e~n encu~nGerW
~ Parap~aph 4 snd 11+ose wh~tA Iolbw at~ eont~en~d W- tA~ r~v~rs~ s~de of 1h~s mortysp~ ~nd by rs/e~encs +~e ~ncwpora~sd ~mo tM body of th~s mwtpsp~.
Th~ le~ms Mor~gagpr and Assouaaon, whenever used ~n thit ~~strumem, shall :nclude tbe Ae~~s, personsl .~p~esemat~ves, succesw~s w as-~gns ol ~b~ respectwe pa~~~et
~- rto. lYhe~t.tr used. tAt t~n9ulsr numLer sAa~~ i~clude tAe P~ural and IAe ptursl tAe s~n9ulx, snd the use o1 ~nY yender s1u11 ~nclude al{ g~nder{. .
iN WITNESS WHEREOF, tAete p,em~ses Aave Geen t^ecuud on the Asy and yea~ hrst e w+rtten. . •
`; y~ed. xat~d and del~ve~tO ~n tT~e P:eu~ce ot: ~
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:1s to .t1iL~r~. and Airs. ~ Forsey 1' F RS
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~~!'~7~RY~OFr. and 11trs. htacey~ ~~~~~~ CAROL A. 11iA •~~•;~.- _~~~,~ --
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`5~„j~C~?C Cl1NADA_ oiWr/~/Chc~NTYOF__ y ~C _ ~ . S ~~ ~~~,'„~~~~ - '~'~` ~~' I~~y~~c
rne b.~~o~~y ~~svumem was ,ckn,,,wieAgrd t.elwe me this _~~,,, o~ _DeeembQr_ ~~~~'~!~~ 1~ `. i ~~~iss r? _~
RAY110ND E. FOHSEY and MARJORI E F. FORSEY,
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My tomm.tt~On l~r~s~t - ~ ~~ - -
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Notuy Vut~1.~,buYjlp~l_._S.dlVills "
BO!)K J~~ PACE ~~0~
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IENOER
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