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HomeMy WebLinkAbout0834 . 3643~~ ~ ~ TH13 MORT(;AGF I)EED. m.a~ .~a P:~~~a ch~ _27_ a.r o~ _ February_ ~ ~i~ by--fiP~c'-ye.-6lDrid-aAd.-H@1e11-810rid~ h~S-_Mdfo 0~--28036-Ni~1Ch--~1"~vo~ Farmington Hills, MI 48018 1?~inattK capd tM Mortgagor, wRich tarm sh~U include the Aeirs, kRa1 reprnseoutive~. ~uco~«or~ and sni~tu ot tM said Mort~go? wherever tl~e conte:t so roquires or edmiti, ~ W TURTI.6 RBEF A.S.SOCIATES. INC.. P.O. Ro: 818. Je~isn He~eh. FI. :f345T Aaroiaaft~ c~Usd' the Mortg~e, whieh term ahaU includs the successor~ u~d aisigni ot ths ~ said Mort~gea wherever the context so ~ujres o? ~dmits. i WITNE3SC:7'11: That tor devers Rood ~nd valuabk considerations, and ai~o in tonsidetatan ot the agsreg~te t~tm ~ named in the p~omissorr noce et ~e date herewilh heroinafter dexrihed, tl~s said Mortsagot doe~ Mreby graae, bugain, seU, alien, rcmiae, reles~e, eonvey #nd conC~rm unto the naid Matgsges, hb Mirs, w~oa~~on and asaigna, all t6e certain pKre.... parcel.... o~ t~~ct.... o! land. ot whieh the said Mort~gor i~ nw~ ~eised ~nd possssssd ~nd inactual pc»sion, aituste in the County ot St. I.ucie ~nd .''+tate ot F{orida, deacribed u tdbwc ~ A _ _ _ _ . ^'c undividecl intereat in tee simple ab.aolute e~ tenant in oommon ; in the cMain real property described in the amended Mastrr Form Deed of 7Lrtle ~ Rest Condominiuma ~ i, recurded in Oft~cirl Record Aook 256. Page 23b, aubjeet W ~ divestment a~ xt torth in said M~etet torm Deed and upon ~uch diveatment ~n ~ _ t; • interval ownership con+utinR oi Unit week~ in ('~ndominium P-11 ` ~ ` - c; "~n rnnaiating ot Apartment Number _C-li aod ite undivided share ot the common ekments ~ of 7Lrtk Reet Condominium+ 1 ae ~uch u dexriFxd in ssid amended Maater Form Deed. 7'hi~ is a purchax money murtRsRe. 0 . It ie turther sgreed betwe~n the partie9 to thia mortRage that. ~n eddition to the tetms ~nd tonditions set ~ out herein, it s conveyance ~hould be made Ay the Mortqagor of the premieea herein dexribed, ar .any p~rt the~eof. ~rithout fir~t obtaining both tM written consent ot th: MWer hetbof, and an assumptioa of this obtigatan, in writing, by the ne~r propoxd Grantee, then, end in chat event. ~t the optioa of the aoldat hereot, without notiee. all sum~ ot money aecured hereb}~ ~heU. immPdiately snd concurrently writh auch convey~noe, become ! due and paya6k and eaid Note ~nd ~tortRage shall be in default. ; ~ ~ TO HAVE AND '1'n HOI.D the eame, wgether xitA aU and aingul~r the tenementa, hereditamsats ~nd ~ purtenances t~ereunW bebnqing or in anywiae ~ppertaining and tl~e revenHm and reversions, ~a~inde~ and rs ~ inalnden, reats, issues and profita thereof end alao aU t6e eatate, right, titte, intereat, propetty, poss~ion, t{~im aod demand whateoever ss weU in Ie~v es i~ cquity ot the aaid MortgaRcx in and to the same and every part and ' pareel th~reof unto the said MortRaqee, ~nd hi~ heiro, successora and sssiKm~, in fee ~impk. ' I And said Mortgagor. tor himaeii, and hi+ heir~. IeRal representatives, ~uccesaor~ and assigns, hereby rnnven~nts i with said Nottgagee, hia heiro, kRal represen!ntives, suctessors sad aasigns, t}ut aaid Mortgagtx is indefe~sibiy 1 j seised ot said land in tee simple: that the aaid Mortgegor has fuU puwrer ancf la~rtul right W ooavey the same in tee ~ ~ ! ~ simpis a~ ~toreaaid: that it ,haU be la..ful for raid Mc?rtgagee, hia heiro. tegal repreeentatives. suoo~sors and usigns, j ~t aU times pe~ceably end quietly tn eoter upon. hold. occapy and e~joy ~aid laad and every p~rt tlxreof; ~ i that ssid land ie tree trom a11 incumDranc~: that eaid Mortgagur, his heirs, legal reptesentatives, suooeasoro and ~ ' asaigns, wil) make such further asaurance~ to perfect the fee ~imple titk to aaid tand ia said Mrotgaaee, I 6is beirs, legd represenutives, succes~ors and assigns, as may re~sonably be reqaired: and that~ a~id Mortg~g~or ~ , doos hereby fully werrant the titk to said land and every part thereof and will defend tl~e same ~gainst tht ~ lawtul claims ot aU pe?wn~ whom~oevrr. • ~ - G It is underatood that each of the wrords. "note". "mortgsgor" end "mortgagee" respectively and tbe pronouns i reterrinR thereto, whether in the sinRula~ M plural enywhere in thi~ mortgage, ahaU be sinqular it one only ~nd ~ ~ ahall be plural jointly and oeveretly,, if mrxe thsn one, and ehall be mascuGne. (eminine end/or n~ter, wherever e the coate:t so implie+ or admi~s. ~ I i And eaid Mortgagor tor himxl( and hi+ heir~, leqal reprexntatives, succeseora and assign~, 6ereby rnvenante ~nd ~ ~ ~ agrees W and w~ith said ~lortgaRee. hi~ Iega! reprexntatives, successors and aasiqnr. I i 1. To pay a11 and sinRular the principal and intereat end the various and sundry sums of money payaW~e by , ~ ~ virtue of said promi~sory note. •nd this mortqege, eac6 and every, promptly on the days respectivety Lhe s~tns ~ xverally become due. • ~ ! 2. To pay aU and singular the ta~. asees~mente, kvies, liabilitia~, obligations and intumbrances ot every ~ n~ture u~d Icind now on said dexribed property. and~or that here~iter may be imposed, suftered, placed, kvied ~ or aseessed thereupon. and~or that hereafter msy be levied or e~xased upon this nwrtgage andla the itdebtedn~ss • secured hereby, ach end every, wben due and payabk acCOrding to Iaw, befoc8 they beoome delinquettt, and ; • before any interest attachee or any penelty is incurre,d: and in so far ae any thcTeof is ot record the s~me shdl bs ~ ! { promptly satisfied and dixharqed of recard and the original official document Isuch as, tor instanoe, tbs R~[ j r~aipt ar the satisf~ction p~per officially endorxd or certifiedl ehall be pl~oed in the hands oi saW Mo~tg~ass ; within ter~ day~ ne:t ~fter payinent: and in the event thst aay t6ereot is not so paid. satisfied and disclwged, { ssid Mortgagee may at any time pay the same or any p~rt thereof witl~out waiving or ~Heeting ~ny option, lieo, equity ~ right under qr by virtue ot this mortgage, and the tull amount of e~cb and every sucb payment sh~D b~ immediately due and p~yabie and ehall bsar intere~t from tbe date thereof uaW7 pafd at the nte ot ten per oaatnrn per annum ~nd top~ether writ~ soch interest shaU be xcured by the lien ot this mortgsge. 3. To pLce ~nd continuously Ice~p on ths bnildings now~ or here~fter sitwte on said land fire and windstorm ' insuraace in t6e usual etandard policy tosm, in a eum not less than the ~monnt due hereon. ia suc6 coa~panY or compaaies as may be approved by said Mortgaqee: and all auch insurance polici~a on any ot sald bniWiog~, any iwtersst therein or part thereot. in the aggrrqate sum atoreaaid or in e:cess thereot. sl~aU oontain tb~ u~wl ~tandaed mortgegee clause making the los~ under said policies. ucA and every, p~yabk w said Martsage~ ~s his intere~t m~y ~ppear. and each and every such policy shaU be promptly deliversd to aad held by said Matp~ . ~nd, not less than ten d~ye in edvance of the e:piration o( e~ch pdicy, to d~Kwr to iaid MoRSa~ • newd thK~ot. toges6er with a nceipt for tl~e premium of such renewal: ~nd tAere shall be no wtL fnnvanas pl~ad oa aa~ ot said buildings. any intsnst therein or part thernof. unkss in tbs torm and wit6 tAe bss p~yable ~s • - afoe+Naid:. and in the event aay wm oi money beoomea payabk under euch policy or policies and s~id Matgag~ , . a00~:..~ / ~ ~i f , . ~ C, - - ;~«,r- :~~.;z - ~ . ~O -i i I ~z. . _ .